The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. This update also features the successes of: Alliance Data Retail Systems, one of the nation's leading providers of branded credit card programs, that will add 700 high-paying positions; Pier 1 Imports, which will open an e-commerce fulfillment center to complement its existing Columbus Region distribution center and add 165 new jobs; and Crimson Cup Coffee & Tea, which plans to double its workforce to 40 and expand into a second facility.
2. Jobs: 700 created
Investment:
Facilities: Financial services
1
$84 million
CASE STUDY: ADS ALLIANCE DATA SYSTEMS
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2014
PROJECTS JUNE 2014 AND YEAR-TO-DATE
FIRST-TIME VISITS (2013 vs. 2014)NUMBER OF PROJECTS STARTED
(2013 vs. 2014)
PERCENT OF PROJECTS STARTED - MANAGED
BY COLUMBUS 2020 (2013 vs. 2014)
87% 89%
100%
72%
76%
69%
77%
68%
65%
80% 81%
65%
85%
79%
70%
77%
50%
83%
0%
20%
40%
60%
80%
100%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2014
2
5
4 4
7
5
8
5
4
7
4
3
2
3
4
5
4
3
0
4
8
12
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2014
23
28
17
25 29
16
22
19
17
20
16
2020
24
20
30
22
24
0
10
20
30
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2014
ADS Alliance Data Systems, Inc., one of the nation's leading
providers of branded credit card programs, is expanding its
presence in the Easton area where Alliance Data Retail
Services is headquartered. The project entails new office
construction, leasehold improvements and on- and off-site
infrastructure improvements. The new facility will allow
Alliance to add 700 new high-paying positions in the
coming years. Alliance has three other facilities in the
Columbus Region. Combined, Alliance employs over 3,100
in the Region.
**Balance of started projects sourced/managed by JobsOhio
3. 2
ATTRACTION PROJECTS:
DOMESTIC/INTERNATIONAL
ATTRACTION PROJECTS:
SUSPECTS AND PROSPECTS
ATTRACTION PROJECTS:
PROJECTS BY SECTOR
ATTRACTION PROJECTS:
PROJECTS BY SOURCE
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2014
ACTIVE PROJECTS AS OF JUNE 30, 2014
TOTAL ACTIVE PROJECTS
(153 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
64
44
0
20
40
60
80
100
Suspect Prospect
Suspects = Projects identified and
qualified via direct dialogue with the
company or consultant representing the
company.
Prospects = Projects qualified,
parameters defined and the company or
consultant has visited the Region.
71%
29%
New Existing
61%
6%
33%
Columbus 2020
Local ED partners
JobsOhio
62%18%
20%
Columbus 2020
Local ED partners
JobsOhio
13
2
27
3
0
5
10
15
20
25
30
35
40
45
11
41
11
0
5
10
15
20
25
30
35
40
45
50
51%
49%
Domestic International
82%
18%
Domestic International
4. BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
JUNE 2014 COMPLETED ACTIVITIES
JULY 2014 PLANNED ACTIVITIES
BUSINESS DEVELOPMENT MISSIONS:
San Diego, Chicago, Minneapolis, Milwaukee
3
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2014
Columbus: The Columbus 2020 team helped host economic
development practitioners for the Area Development Consultants
Forum held in Columbus.
Chicago: The Columbus 2020 team participated in a market visit
with JobsOhio to meet with companies and promote Ohio and the
Columbus Region.
Atlanta: The Columbus 2020 team completed a business
development trip to Atlanta, meeting with companies and
consultants.
Charlotte: The Columbus 2020 team completed a business
development trip to Charlotte, meeting with companies and
consultants.
Columbia/Greenville: The Columbus 2020 team completed a
business development trip to Columbia and Greenville, meeting
with companies and consultants.
5. JUNE 2014 Performance:
23 visits in June (169 YTD)
Visits conducted by:
CASE STUDY: PIER 1 IMPORTS
Jobs: 165 created
Investment:
Facilities: Logistics
4
$5.5 million
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2014
BUSINESS RETENTION & EXPANSION | JUNE 2014
BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR
Pier 1 Imports, an importer and retailer of home furnishings
and gifts, will open an e-commerce fulfillment center in
Grove City to complement its existing Columbus Region
distribution center. The $5.5 million investment includes
upgrading an existing 195,000 square feet space and is
expected to bring more than 150 jobs to the Region over
the next three years. New jobs will include management
and warehouse associates. Construction and occupancy is
expected to be completed by fall 2014.
President and CEO Alex W. Smith cited the Columbus
Region's exceptional distribution and logistics capabilities,
talent pool and optimal location for e-commerce business
as factors to expand the Grove City operations.
35%
56%
9%
Columbus
2020 only
Local ED
partner only
Both 2020
and LEDO
6
4
2
6
5
0
2
4
6
8
10
12
6
5
6 6
0
5
10
15
6. Source: U.S. Patent and Trademark Office
CASE STUDY: CRIMSON CUP
Jobs: 20 created
Investment: $1.1 million
Facilities: Manufacturing, R&D
5
Source: Ohio Secretary of State
*Note: Registrations are only an indicator of business formation and do not represent actual new businesses. For example, a registration may be filed to
reserve 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.
BUSINESS CREATION
BUSINESS DISSOLUTIONS,
SURRENDERS, WITHDRAWALS
PATENTS BY REGION INVENTORS
& ASSIGNEES
NEW BUSINESS REGISTRATION*
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2014
Crimson Cup Coffee & Tea plans to double its workforce over
the next three years and expand into a second facility in
Columbus as a result of rapid growth and success. The specialty
coffee provider currently works with 350 independent business
to distribute coffee across 30 states. The company is investing
$1.1 million to build a larger manufacturing and R&D space.
Greg Ubert, founder and president, said the Columbus Region
has been a remarkable place to start a business and a great
location for the company's distribution needs.
1,283
1,446
1,390
1,211
500
750
1000
1250
1500
Feb Mar Apr May
155
198 202
188
0
50
100
150
200
250
300
Feb Mar Apr May
96
26
60
19
113
31
85
36
Inventor Assignee
Feb Mar Apr May
7. 6
ECONOMIC DEVELOPMENT NEWS
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2014
TRANSPORTATION & INFRASTRUCTURE POLICY & ADVOCACYCOLUMBUS REGION IN THE NEWS
Ohio economic development is "killing it", especially
Columbus
In 2013, JobsOhio helped 258 companies expand, created
17,857 new jobs and added $3.6 billion in capital
investment. The momentum is carrying through into 2014
as the active project pipeline is the largest it has ever been.
Columbus in particular is expanding its global footprint
with recent major wins including Amerijet International Inc.
and Cathay Pacific Airways.
http://bit.ly/1qfoctE
New #lifeincbus campaign aims to lure Millennials to
Columbus
Experience Columbus launched a new external marketing
campaign that targets a young audience in Washington
D.C. and Chicago, where relocation potential is high, that
includes billboards and advertisements online, in metro
stations and in high-rise elevators. http://bit.ly/1kTXsQF
ForgeX to bring the next big thing in Columbus tech
Columbus investor and startup mentor Victor Thorne is
leading a Central Ohio tech alliance that will tackle projects
too risky for large corporations to build in-house - but may
put those corporations at the forefront of disruptive
change in their industries. http://bit.ly/1zpffUO
For all of the latest news, visit:
http://columbusregion.com/Media-center/Recent-
News.aspx
Task force created to focus on airport
opportunities
Mayor Michael B. Coleman has selected a group of
public and private stakeholders to serve on the
Jobs, Expansion and Transportation (JET) Task
Force and evaluate making Port Columbus a
regional transportation hub. The task force is
charged with developing a plan to expand
economic development, spur job growth and
increase direct flights to and from the Columbus
Region.
The JET Task Force will issue a report of its
findings in the fall of 2014.
For more information, visit: http://bit.ly/1lRLdiv
COTA plans to redo their service map
Central Ohio Transit Authority (COTA) is working
with Jarrett Walker & Associates to adjust their
existing service lines. The proposed changes will add
more high frequency routes and increase efficiency
by eliminating less popular routes.
The proposed changes would provide twice as many
residents access to 15 minute service and help grow
ridership. Creating a simpler, faster and more user-
friendly bus system will create a more transit-friendly
city and improve access to several employment
areas.
For more information, visit: http://bit.ly/1n7m837
8. Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted
Source: Xceligent Source: Columbus REALTORS
7
$3.01
$9.48
Industrial
Retail
6.3%
9.0%
Source: Ohio Department of Job and Family Services
Direct
Asking Rent
(per sf)
Vacancy
Rate
Use
Office 14.6%
COMMERCIAL REAL ESTATE
(AS OF JULY 1)
HOUSING SALES
$15.69
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2014
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (MAY 2014) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 3/29/14 TO WEEK ENDING 6/28/14)
4.9% (-2.8)
Marion
26,649 (-366)
3.9% (-2.8)
Knox
29,264 (+757)
Unemployment
rate
(May2014)
Number
employed
residents
(May 2014)
Change
from
May 2013 to
May 2014
3.5% (-1.5)
Delaware
93,099 (+1,487)
4.0% (-2.1)
Fairfield
72,135 (+1,354)
4.0% (-2.1)
Franklin
610,694 (+10,193)
3.9% (-2.7)
Licking
81,552 (+1,559)
4.6% (-1.3)
Madison
19,131 (+381)
4.2% (-3.4)
Morrow
16,578 (+377)
4.6% (-2.9)
Pickaway
23,374 (+459)
3.4% (-2.2)
Union
26,089 (+503)
4.0% (-2.3)
Logan
22,398 (+41)
0
400
800
1,200
1,600
2,000
2,400
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
3/29
4/5
4/12
4/19
4/26
5/3
5/10
5/17
5/24
5/31
6/7
6/14
6/21
6/28
Continuing New
4,238
3,927
2,897
$176K
3,935
3,544
2,569
$184K
New
Listings
In
Contracts
Closed
Sales
Average
Sales Price
May 2013 May 2014