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Monthly Economic Update | March 2013
Monthly Economic Update | March 2013
Monthly Economic Update | March 2013
Monthly Economic Update | March 2013
Monthly Economic Update | March 2013
Monthly Economic Update | March 2013
Monthly Economic Update | March 2013
Monthly Economic Update | March 2013
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Monthly Economic Update | March 2013

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Our March 2013 monthly report, with updates on jobs, new projects, and more in the Columbus Region.

Our March 2013 monthly report, with updates on jobs, new projects, and more in the Columbus Region.

Published in: Business, Technology
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  • 1. MONTHLY ECONOMIC UPDATE 2013 MAR 2013columbusregion.com 614-225-6063
  • 2. COLUMBUS 2020 MONTHLY UPDATE | MARCH 2013PROJECTS MARCH 2013 AND YEAR-TO-DATEMARCH 2013 PERFORMANCE NUMBER OF PROJECTS (2013 v. 2012) FIRST-TIME VISITS (2013 v. 2012)March 2013 15 50 4419 Projects Started 12 11- 63 year to date 40 10 30 9 285 First Time Visits 30 25 2527 24 23 9 19 19 20 20 6 6 6 6 6 20 16 6 5 5 4 4 11 3 3 10 7 2 3 0 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2013 2012 2013 PROJECT FLOW New business Closed: Won: 42 projects started 74 since Jan 2012: Lost: 32 155 Offer Made: 5 Under Negotiation: 24 Active: 81 Sales: 52 Existing business Won: 112 projects started since Jan 2012: Closed: 167 127 Lost: 15 Active: Offer Made: 9 40 Under Negotiation: 14 Sales: 17 1
  • 3. COLUMBUS 2020 MONTHLY UPDATE | MARCH 2013ACTIVE PROJECTS AS OF MARCH 31, 2013TOTAL ACTIVE PROJECTS EXPANSION PROJECTS: EXPANSION PROJECTS:(134 PROJECTS) PROJECTS BY SOURCE PROJECTS BY INDUSTRY 35 12% 30 26 25 37% 14% 20 15 12 63% 74% 10 6 5 5 0 Columbus 2020 New Existing Local ED partners JobsOhioATTRACTION PROJECTS: ATTRACTION PROJECTS: ATTRACTION PROJECTS: ATTRACTION PROJECTS:SUSPECTS AND PROSPECTS PROJECTS BY SOURCE PROJECTS BY INDUSTRY DOMESTIC/INTERNATIONAL 80 70 70 10% 40 36 60 5% 35 50 30 40 25 21 29% 30 20 16 20 15 12 15 10 85% 10 71% 0 5 Suspect Prospect 0 Suspects = Projects identified and qualified via direct dialogue with the Columbus 2020 company or consultant representing the Domestic International Local ED partners company. JobsOhio Prospects = Projects qualified, parameters defined and the company or consultant has visited the Region. 2
  • 4. COLUMBUS 2020 MONTHLY UPDATE | MARCH 2013BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIESMARCH 2013 COMPLETED ACTIVITIES Orlando: The 2020 team attended the Jones Lang LaSalle Academy in Orlando attending economic development breakout sessions and networking with real estate and site selection professionals. Charleston: The 2020 team attended the IAMC conference, meeting and networking with corporate real estate professionals and economic developers. San Francisco/Seattle: The 2020 team conducted a business development mission to meet with companies who are evaluating the Columbus Region for investment as well as site location advisors. Atlanta: The 2020 team traveled to Atlanta to hold active project meetings with an international company looking to establish a manufacturing operation in the Columbus Region. Chicago: The 2020 team traveled to Chicago to network with site selection advisors. Japan: While on an international mission to Japan, the Columbus 2020 team conducted 19 meetings with companies evaluating the US Washington, D.C.: The 2020 team presented updates on the market for new investment. The team also met with Columbus Columbus Region Export Plan to the Brookings Institutions and to Region existing company headquarters. other regions participating in the Metropolitan Export Initiative.APRIL 2013 PLANNED ACTIVITIES St. Louis Area Development FDI Forum BUSINESS DEVELOPMENT MISSIONS: San Francisco, San Diego, Los Angeles, New York City, Dallas INTERNATIONAL ACTIVITIES: Columbus 2020 Germany Mission 3
  • 5. COLUMBUS 2020 MONTHLY UPDATE | MARCH 2013BUSINESS RETENTION & EXPANSION | MARCH 2013BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY INDUSTRY MARCH 2013 Performance: 20 25 16 20 44 Visits in March (94 YTD) 20 15 15 Visits conducted by: 9 10 9 10 8 5 5 5 7 4 5 Columbus 5 18% 2020 only 0 0 48% Local ED partner only 34% Both 2020 and LEDOCASE STUDY: SpeedFCA leading provider of end-to-end e-commerce services and asubsidiary of Navarre, SpeedFC plans to invest $3.2 million inthe Columbus Region for a new 770,000 square -foot e-commerce distribution facility in Etna Township. SpeedFC hasoperated in the Columbus Regon since 2006 and plans todouble its workforce with 250 new warehousing and Jobs: 250 createddistribution positions. Hiring for the new positions is expected Capital investment: $3.2 millionto kick off in September 2013. Facility: WarehouseIn evaluating the Columbus Region, SpeedFC noted itsstrategic geographic position as a defining factor. The newfacility is set to be fully operational in the fall of 2013. 4
  • 6. COLUMBUS 2020 MONTHLY UPDATE | MARCH 2013BUSINESS CREATIONNEW BUSINESS REGISTRATION* BUSINESS DISSOLUTIONS, PATENTS BY REGION INVENTORS & SURRENDERS, WITHDRAWALS ASSIGNEES 1500 400 1,326 323 98 350 313 90 1250 1,165 1,127 300 81 71 1,028 250 199 186 1000 200 150 33 750 23 19 22 100 50 500 0 Nov Dec Jan Feb Nov Dec Jan Feb Inventor Assignee Nov Dec Jan FebSource: Ohio Secretary of State Source: U.S. Patent and Trademark Office*Note: Registrations are only an indicator of business formation and do not represent actual new businesses. For example, a registration may be filed toreserve a business name or for other reasons in advance of a potential business. Dissolutions, surrenders and withdrawals do not include mergers,consolidations, reinstatements and other changes that may lead to a loss of a business. In addition, not all businesses that close make a filing.CASE STUDY: SalesGustTechColumbus tenant SalesGust was one of seven companies atSouth by Southwest Interactive to make it through the eventsStartup Weekend Next program. About 100 companies applied.At SXSW, Startup Weekend Next provided participatingcompanies the opportunity to test their business model withlarge groups of potential customers. SalesGusts product helpscompanies track and manage commission payments to businessreferrals. As a result of Startup Weekend Next, SalesGust decidedto focus on the market of software developers that sell access totheir product on a subscription model. 5
  • 7. COLUMBUS 2020 MONTHLY UPDATE | MARCH 2013ECONOMIC DEVELOPMENT NEWSCOLUMBUS IN THE NEWS WORKFORCE INFRASTRUCTUREColumbus ranks No. 2 in U.S. job-creation survey Ohio Workforce Information Exchange Columbus Urban Infrastructure Recovery FundA new Gallup report shows that 42.9 percent of Columbus Governor John Kasich unveiled the Workforce The Columbus City Council passed legislation foremployers are expanding their workforce. Columbus has Information Exchange, a new workforce tool that will funding the Columbus Urban Infrastructurerisen nine spots in the rankings since 2011. allow employers to create a profile and input Recovery Fund program for neighborhood-basedhttp://bit.ly/10is7cr forecasting needs for up to 5 years. The information capital improvement projects. This approved collected through online data collection will be legislation will fund more than 40 projects in 25Columbus Region featured in Delta Sky aggregated by region and industry sector. central city neighborhoods, with tasks includingThe Columbus Region was featured in a 26-page profile in improving area sidewalks and street lights andthe March issue of Delta Sky magazine. The magazine flies universities and career technical schools to better completing various other construction projects.on board Deltas domestic and international flights, read by align course offerings with industry needs.more than 5 million travelers worldwide.http://bit.ly/13wbr5W The Governors Executive Workforce Board is piloting the tool with about 25 of its members, whichColumbus Region in Top 10 for corporate facility locationWith 81 new and expanded facilities in 2012, the Columbus will open up the program throughRegion earned a top-10 metro area ranking and Ohio ranked OhioMeansJobs.com in the coming months.No. 2 overall in Site Selectionregions and states for corporate facility location. Workforce Development Summithttp://bit.ly/14lB3ye Senator Rob Portman, along with business and education leaders from across the state, will beColumbus among best places in U.S. for young adults hosting a Workforce Development Summit on AprilThe Business Journals ranked Columbus No. 20 among the 12. The summit is an opportunity for business leadersnations 102 largest metro areas for based on economic to discuss their unique needs for talent, ideas toopportunities and quality of life for young adults. increase efficiency and best practices to create morehttp://bit.ly/16hKba1 job opportunities and economic growth for Ohioans. http://www.columbus.org/www/dcms/files/pdf/rob- portman.pdf 6
  • 8. COLUMBUS 2020 MONTHLY UPDATE | MARCH 2013REGIONAL ECONOMIC DATANUMBER EMPLOYED AND UNEMPLOYMENT RATE (January 2013) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS (WEEK ENDING 12/29/12 TO WEEK ENDING 3/23/13) Continuing NewUnemployment Change from Jan. 2012 to 18,000 3,000 rate Jan. 2013 17,000 (Jan. 2013) 2,500 7.4% (-1.1) 16,000 Marion 15,000 2,000 27,262 (+53) 6.7% (-1.4) 14,000 Morrow 13,000 1,500 16,451 (+162) 12,000 6.1% (-1.4) 6.1% (-1.3) 1,000 11,000 Logan Knox 10,000 21,863 (+941) 500 27,996 (+796) 9,000 4.5% (-0.8) 5.2% (-0.6) Delaware 8,000 0 3/16 12/29 3/9 1/19 1/5 2/2 2/23 2/9 3/2 3/23 2/16 1/12 1/26 Union 90,400 (+1,115) 25,887 (+311) Number 6.1% (-0.9) employed Source: Ohio Department of Job and Family Services Licking residents (Jan. 2013) 79,390 (+944) 5.6% (-0.9) Franklin 581,694 (+7,832) 6.8% (-0.4) Madison 18,765 (+240) 6.0% (-0.8) COMMERCIAL REAL ESTATE HOUSING SALES Fairfield (AS OF MARCH 29) 70,256 (+901) 6.7% (-2.0) Pickaway Direct $151K $150K 22,472 (+297) Vacancy 2,719 2,880 2,583 Use Asking Rent Rate (per sf) 2,245 1,452 1,264 Office 17.5% $15.36Source: U.S. Bureau of Labor Statistics, Local Area UnemploymentStatistics, Seasonally Adjusted Industrial 8.2% $2.95 New In Closed Average Listings Contracts Sales Sales Price Retail 10.2% $9.32 Feb 2012 Feb 2013 Source: Xceligent Source: Columbus Board of Realtors 7

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