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Q2 2013 report

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Columbus Region employment increases are more than double the rate of state and national levels. Year-over-year comparisons for the Region also top state and U.S. increases.

Columbus Region employment increases are more than double the rate of state and national levels. Year-over-year comparisons for the Region also top state and U.S. increases.

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  • 1. Q2 QUARTERLY ECONOMIC UPDATE 2013 Q2 columbusregion.com 614-225-6063 With economic analysis from Regionomics™ LLC
  • 2. TOTAL PAYROLL EMPLOYMENT Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. Source: Local Area Unemployment Statistics, Bureau of Labor Stats. Seasonal adjustment of MSA employment by Regionomics LLC. Seasonal adjustment of regional rate by Regionomics LLC. COLUMBUS REGION LABOR FORCE Source: Local Area Unemployment Statistics, Bureau of Labor Stats. Seasonal adjustment of regional rate by Regionomics LLC. 1 QUARTERLY ECONOMIC UPDATE | Q2 2013 EMPLOYMENT, LABOR FORCE, UNEMPLOYMENT RATES COLUMBUS REGION UNEMPLOYMENT RATE The Columbus 2020 economic update for the second quarter of 2013 covers regional economic data and economic development activities year to date, with a focus on April to June. The analysis of the regional economy (pages 1 to 9) was prepared by Bill LaFayette, Ph.D., RegionomicsTM LLC.  Columbus metro area employment up sharply in the second quarter: Columbus MSA employment increased 15,600 (1.6%) in the second quarter to a record 967,700. Ohio employment increased 0.5% and U.S. employment grew 0.4%. Employment growth over the past 12 months was 17,300 (1.8%) for the MSA, 0.3% for Ohio, and 1.7% for the U.S.  Regional unemployment rate higher than in March: The 11- -adjusted unemployment rate was 6.2% in June, compared to 6.0% in March. The June rate was less than the 7.2% Ohio rate and the 7.6% U.S. rate.  The number of employed residents increased 12,300 from March while the labor force increased 15,100, leading to the increase in the unemployment rate.  Gap between normal and actual labor force growth narrows: The difference between reported labor force and the level assuming normal growth was 38,000 in March, its lowest level in 13 months and down from 50,000 in March. 90 92 94 96 98 100 102 104 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S. 0% 2% 4% 6% 8% 10% 12% 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Columbus Region Ohio U.S. 920 970 1020 1070 1120 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Thousands Labor force Labor force, normal growth Resident employment
  • 3. MANUFACTURING *Excluding computer design and related services. PROFESSIONAL & BUSINESS SERVICES COMPUTER DESIGN & RELATED SERVICES FINANCE & INSURANCE Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. Seasonal adjustment of MSA employment by Regionomics LLC. 2 QUARTERLY ECONOMIC UPDATE | Q2 2013 EMPLOYMENT BY INDUSTRY LOGISTICS: TRANSPORTATION, WAREHOUSING & WHOLESALE MSA SHARE OF EMPLOYMENT BY INDUSTRY, DECEMBER 2012 Logistics 8.6% Manufacturing 7% Professional & business svcs* 14.9% Computer design & related svcs 1.9% Finance & insurance 6.2%Healthcare & social assistance 12.5% Leisure & hospitality 10.1% Government 16.3% Retail trade 10.0% Other 12.5% 80 85 90 95 100 105 110 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S. 75 80 85 90 95 100 105 110 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S. 80 85 90 95 100 105 110 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S. 80 85 90 95 100 105 110 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S. 80 90 100 110 120 130 140 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S.
  • 4. LEISURE & HOSPITALITY Industry MSA empl. chg. OH US GOVERNMENT RETAIL TRADE % % % Logistics +0.3 +0.3 +0.2 Manufacturing +3.2 -0.0 -0.2 Prof. & business services +3.1 +0.4 +1.0 Computer design & related svcs. 0 0.0 -2.2 +1.1 Finance & insurance +0.7 +1.1 +0.5 Healthcare & social assistance +2.7 +0.8 +0.4 Leisure & hospitality +5.0 +2.9 +1.5 Government -1.7 +0.4 -0.0 Retail trade +0.4 +0.1 +0.6 3 QUARTERLY ECONOMIC UPDATE | Q2 2013 EMPLOYMENT BY INDUSTRY (continued) HEALTHCARE & SOCIAL ASSISTANCE +400 No. +200 +2,100 +4,800 +400 +3,200 +4,600 -2,700  Charts on pages 2 and 3 show that the Columbus metro area experienced greater-than-average quarterly employment gains in manufacturing, healthcare, business services and leisure.  Manufacturing employment is up 1,400 (2.1%) year- over-year. Ohio employment is up 0.7% and the U.S. is up 0.2%.  Computer employment has been flat for the past year locally and down 1.3% statewide, but up 4.7% nationally.  Leisure and hospitality employment is up 4,800 (5.1%) from last June, compared to gains of 2.3% statewide and 3.7% nationally.  Despite only average performance of logistics in the second quarter, its year-over-year gain is 3.4%, versus 2.2% statewide and 1.4% nationally. 80 85 90 95 100 105 110 115 120 125 130 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S. 80 85 90 95 100 105 110 115 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S. 80 85 90 95 100 105 110 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S. 80 85 90 95 100 105 110 1/08 4/08 7/08 10/08 1/09 4/09 7/09 10/09 1/10 4/10 7/10 10/10 1/11 4/11 7/11 10/11 1/12 4/12 7/12 10/12 1/13 4/13 Index:1/08=100.0 Columbus MSA Ohio U.S.
  • 5. DELAWARE COUNTY FAIRFIELD COUNTY REGIONAL SHARE OF EMPLOYMENT BY COUNTY, 2012 FRANKLIN COUNTY KNOX COUNTY Source: Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics. 4 QUARTERLY ECONOMIC UPDATE | Q2 2013 COUNTY EMPLOYMENT  Charts on pages 4 and 5 show 12-year trends of Columbus Region employment at the county level, including newly-released 2012 totals.  Franklin County accounts for 70% of total regional employment, down from 74% in 2001.  Columbus Region employment rose 22,778 (2.4%) in 2012 vs. U.S. growth of 1.8%  Delaware County employment increased 5.3% (4,008) in 2012 to 79,666, double its 2001 level.  Also growing faster than the regional average were Logan (3.2%), Madison (4.8%), Morrow (2.6%) and Union (6.4%).  Franklin County reversed a near-steady 11-year decline, adding 9,910 jobs (1.5%)  Counties suffering employment declines in 2012 included Marion (0.5%), and Pickaway (0.9%). 80 100 120 140 160 180 200 220 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Delaware Region U.S. 90 95 100 105 110 115 120 125 130 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Fairfield Region U.S. 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Franklin Region U.S. 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Knox Region U.S. Franklin 70% Delaware 8% Licking 5% Fairfield 4% Union 3% Marion 3% Knox 2% Logan 2% Pickaway 1% Madison 1% Morrow 1%
  • 6. LICKING COUNTY LOGAN COUNTY PROFESSIONAL & BUS. SVCS.MADISON COUNTY MARION COUNTY EDUCATION & HEALTH SERVICESMORROW COUNTY PICKAWAY COUNTY UNION COUNTY REGION EXCLUDING FRANKLIN Source: Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics. 5 QUARTERLY ECONOMIC UPDATE | Q2 2013 COUNTY EMPLOYMENT (continued) 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Licking Region U.S. 75 80 85 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Logan Region U.S. 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Madison Region U.S. 75 80 85 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Marion Region U.S. 75 80 85 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Morrow Region U.S. 75 80 85 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Pickaway Region U.S. 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Union Region U.S. 90 95 100 105 110 115 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Index:2001=100.0 Region excl Franklin Region U.S.
  • 7. INDUSTRIAL REAL ESTATE VACANCY RATES PORT COLUMBUS INTL. AIRPORT PASSENGERS Source: CB Richard Ellis. Source: Columbus Regional Airport Authority. OFFICE VACANCY RATES RICKENBACKER INTL. AIRPORT CARGO HANDLED Source: CB Richard Ellis. Source: Columbus Regional Airport Authority. 6 AIRPORT PASSENGERS & CARGOCOMMERCIAL REAL ESTATE QUARTERLY ECONOMIC UPDATE | Q2 2013 8.0 10.0 12.0 14.0 16.0 18.0 20.0 22.0 2007-Q1 2007-Q2 2007-Q3 2007-Q4 2008-Q1 2008-Q2 2008-Q3 2008-Q4 2009-Q1 2009-Q2 2009-Q3 2009-Q4 2010-Q1 2010-Q2 2010-Q3 2010-Q4 2011-Q1 2011-Q2 2011-Q3 2011-Q4 2012-Q1 2012-Q2 2012-Q3 2012-Q4 2013-Q1 Percent Columbus U.S. 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Q1 Q2 Q3 Q4 ThousandsofPassengers 2009 2010 2011 2012 2013 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 Q1 Q2 Q3 Q4 ThousandsofPounds 2009 2010 2011 2012 2013 10.0 12.0 14.0 16.0 18.0 20.0 22.0 2007-Q1 2007-Q2 2007-Q3 2007-Q4 2008-Q1 2008-Q2 2008-Q3 2008-Q4 2009-Q1 2009-Q2 2009-Q3 2009-Q4 2010-Q1 2010-Q2 2010-Q3 2010-Q4 2011-Q1 2011-Q2 2011-Q3 2011-Q4 2012-Q1 2012-Q2 2012-Q3 2012-Q4 2013-Q1 Percent Columbus U.S.
  • 8. Source: U.S. Census Bureau. Source: Columbus Board of Realtors. CHANGE IN RESIDENTIAL SALES FROM SAME QUARTER PREVIOUS YEAR Source: Columbus Board of Realtors, National Association of Realtors. 7 RESIDENTIAL SALES, COLUMBUS MLS AREA RESIDENTIAL BUILDING PERMITS, COLUMBUS MSA QUARTERLY ECONOMIC UPDATE | Q2 2013 HOUSING  Building permit growth again driven by multi-unit activity: Building permits were issued for 2,374 residential units in the Columbus MSA during the second quarter, up 37% from the previous year. The comparable U.S. gain was 27.2%. Units in multi-unit structures again accounted for a majority of permits. These were 54.5% of local permits, but only 33.5% of national permits.  Single-unit permits were 25.3% higher than in 2012, slightly less than the 27% nationwide increase.  Number of home sales in Columbus up 21.5%: Home sales in the Columbus Multiple Listing Service area (larger than and somewhat different from the Region) totaled 7,956 during the first quarter, up from 6,549 in 2012. Nationally, home sales during the quarter were 12.1% higher than last year, and were 14.6% higher in the Midwest.  Homes sold in June had been on the market an average of only 61 days. This is by far the shortest time to sale in records going back to 2005. Even in 2005, time on the market averaged 86 days.  The dollar volume of MSA home sales totaled $1.428 billion, 26% greater than during the second quarter of 2012. 0 500 1,000 1,500 2,000 2,500 Q1 Q2 Q3 Q4 NumbnerofPermits 2009 2010 2011 2012 2013 0 1,600 3,200 4,800 6,400 8,000 9,600 Q1 Q2 Q3 Q4 NumbnerofSales 2008 2010 2011 2012 2013 -30% -20% -10% 0% 10% 20% 30% 40% 2008-Q1 2008-Q2 2008-Q3 2008-Q4 2009-Q1 2009-Q2 2009-Q3 2009-Q4 2010-Q1 2010-Q2 2010-Q3 2010-Q4 2011-Q1 2011-Q2 2011-Q3 2011-Q4 2012-Q1 2012-Q2 2012-Q3 2012-Q4 2013-Q1 2013-Q2 PercentChange Columbus MLS U.S.
  • 9. MSA HOUSE PRICE CHANGE, 1ST QUARTER 2007 TO 1ST QUARTER 2013 MSA HOUSE PRICE CHANGE, 2ND QUARTER 2009 TO 1ST QUARTER 2013 Source: Federal Housing Finance Agency House Price Index. 8 QUARTERLY ECONOMIC UPDATE | Q2 2013 HOUSING (continued) FHFA HOUSE PRICE INDEX, 1ST QUARTER 2007 - 1ST QUARTER 2013  House prices in Columbus slightly higher year- over-year: Columbus MSA house prices in the first quarter were up 1.2% from a year earlier, compared to a loss of 0.4% in Ohio and a 2.0% gain at the national level. The local change ranked 39th among the 64 million-plus regions in the U.S. -15.8% -7.6% -40% -30% -20% -10% 0% 10% 20% Jacksonville Detroit San Diego Chicago Minneapolis Cleveland United States Milwaukee St. Louis Kansas City Cincinnati Charlotte Columbus Indianapolis Raleigh Nashville-Davidson Oklahoma City Pittsburgh Austin -6.8% -4.1% -25% -20% -15% -10% -5% 0% 5% 10% Jacksonville Chicago Charlotte Minneapolis Cleveland Milwaukee St. Louis Kansas City United States Detroit Raleigh Cincinnati Columbus Nashville-Davidson Indianapolis San Diego Oklahoma City Pittsburgh Austin 80 85 90 95 100 105 2007-Q1 2007-Q3 2008-Q1 2008-Q3 2009-Q1 2009-Q3 2010-Q1 2010-Q3 2011-Q1 2011-Q3 2012-Q1 2012-Q3 2013-Q1 Index:1stQtr.2007=100.0 Columbus MSA Ohio U.S
  • 10. HISTORIC AND FORECAST U.S. GDP; HISTORIC PERSONAL CONSUMPTION Source: U.S. Bureau of Economic Analysis, Wall Street Journal Economic Forecasting Survey. CPI INFLATION, LARGE MIDWEST CITIES Source: Consumer Price Index (CPI-U), U.S. Bureau of Labor Statistics 9 QUARTERLY ECONOMIC UPDATE | Q2 2013 GDP AND INFLATION  Growth in U.S. GDP continues weak; consumption growth slows:  The preliminary estimate of U.S. Gross Domestic Product (GDP) showed an annualized increase of 1.7% in the second quarter, versus a significantly downward-revised 1.1% gain in the first quarter. The second-quarter gain was better than economists expected, but still not strong.  Personal consumption (70% of the economy) grew at a 1.8% annualized rate, down from 2.3% in the first quarter. However, business and non-business domestic investment strengthened. Imports (a deduction from GDP) increased at a faster rate than exports, negatively impacting GDP growth. Government spending continued to decline, but at a much slower rate than in the past two quarters.  The Thomson Reuters/University of Michigan Index of Consumer Sentiment rose in July to a six-year high of 85.1, which bodes well for consumer spending.  U.S. GDP growth to improve somewhat in the second half and into 2014: The July Wall Street Journal economic forecasting survey expected GDP growth to increase gradually through the second half and the first half of 2014. The economists' average risk of a recession during the next 12 months remained at a very low 13%. A majority of economists (54%) continued to believe that their forecast was more likely to be too low than too high.  Overall inflation rose slightly to 1.8% from 1.6% in the fourth quarter. Core inflation (excluding food and energy) was unchanged at 1.8%. -2% -1% 0% 1% 2% 3% 4% 5% 6% 2009-Q3 2009-Q4 2010-Q1 2010-Q2 2010-Q3 2010-Q4 2011-Q1 2011-Q2 2011-Q3 2011-Q4 2012-Q1 2012-Q2 2012-Q3 2012-Q4 2013-Q1 2013-Q2 2013-Q3 2013-Q4 2014-Q1 2014-Q2 AnnualizedChange(Percent) GDP Personal Cons. Exp. -3% -2% -1% 0% 1% 2% 3% 4% 5% 2009-Q3 2009-Q4 2010-Q1 2010-Q2 2010-Q3 2010-Q4 2011-Q1 2011-Q2 2011-Q3 2011-Q4 2012-Q1 2012-Q2 2012-Q3 2012-Q4 2013-Q1 2013-Q2 AnnualizedChange(Percent) All items Excl. food & energy (core)
  • 11. PROJECTS ACTIVE AT END OF EACH MONTH 10 NUMBER OF PROJECTS STARTED (2012 v. 2013) FIRST-TIME VISITS (2012 v. 2013) COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-JUN 2013 QUARTERLY ECONOMIC UPDATE | Q2 2013 PROJECTS ACTIVE AT END OF EACH MONTH BY SECTOR In the first six months of 2013, Columbus 2020 added 120 new projects to the pipeline and hosted 26 first-time visits from companies and/or their location consultants. More science & technology projects in the pipeline As of the end of June 2013, Columbus 2020 had 132 active projects, a level consistent with this time of the year in 2012. Future quarterly reports will track whether the early fall and mid-winter peaks occur again as they did in the past year. The industry composition of projects shifted in the latest quarter, with a higher share of science & technology projects in the pipeline. At the end of June 2013, Columbus 2020 had 32 active projects from this sector, the highest ever. 44 34 34 39 42 57 58 54 57 68 70 64 57 64 49 52 55 5757 66 53 59 68 82 80 82 90 103 85 82 89 96 85 81 86 75 0 20 40 60 80 100 120 Existing New 25 11 27 24 20 44 16 30 20 23 28 7 19 25 19 21 24 12 0 10 20 30 40 50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2013 11 6 6 6 9 4 3 6 6 10 4 22 5 4 4 7 4 0 3 6 9 12 15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2013 0 20 40 60 80 100 Jan2012 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan2013 Feb Mar Apr May Jun Manufacturing HQ & Business Services
  • 12. 2013 Q3 PLANNED ACTIVITIES 11 COLUMBUS 2020 PERFORMANCE | DEVELOPMENT ACTIVITIES JAN-JUN 2013 QUARTERLY ECONOMIC UPDATE | Q2 2013 2013 Q2 COMPLETED ACTIVITIES EXISTING BUSINESS VISITS CONDUCTED BY SECTOR EXISTING BUSINESS VISITS CONDUCTED BY PLACE In the second quarter of 2013, the Columbus 2020 team traveled across the U.S. and the globe visiting 17 U.S. cities and 4 foreign countries, Japan, Germany, France and UK. Visits included business development missions, industry conferences, existing headquarter visits and consultant and active project calls. Third quarter 2013 visits include 8 U.S. cities, including business development missions to Seattle Chicago, Detroit, Houston, Philadelphia, New Jersey and New York, as well international trips to China and Japan. Larger share of retention visits to logistics operations The Columbus 2020 team and our local economic development partners conducted a combined total of 191 visits to businesses in the Region during the first half of 2013. Manufacturing businesses represent a 46% share of visits, similar to years past. Compared to last year, 2013 to date has seen a larger share of visits to logistics companies, balancing a smaller share to headquarters and business service operations. 0 10 20 30 40 50 60 Columbus 2020 Local ED Partner Both 45% 44% 46% 15% 28% 21% 17% 12% 16% 24% 16% 17% 2011 2012 Jan-Jun 2013 Manufacturing HQ & Business Services Logistics Science & Technology
  • 13. 12 ED PROJECT ANNOUNCEMENTS - JOB CREATION ED PROJECT ANNOUNCEMENTS, COUNT BY MUNICIPALITY ED PROJECT ANNOUNCEMENTS, COUNT BY PLACE QUARTERLY ECONOMIC UPDATE | Q2 2013 ED PROJECT ANNOUNCEMENTS BY SECTOR NOTABLE EXPANSIONS & LOCATIONS | JAN-JUN 2013 HQ & business services comprise largest share of 2013 YTD project announcements Columbus 2020 tracks economic development project announcements in the Columbus Region. In the first half of 2013, there were 38 project announcements yielding 5,438 jobs created or retained. Headquarters & business services represented 39 percent of projects announced so far in 2013, a share 4 percentage points higher than in 2012 and 14 points higher than in 2011. This is likely the result of the higher shares of Columbus 2020 retention visits (page 11) and active projects (page 10) that the sector saw throughout 2012. Future quarterly reports will track whether the recent uptick in active science & technology projects (page 10) will continue and translate into future project wins. International projects comprise 26 percent of announcements in the first half of 2013, up somewhat from its 20 percent share in 2012. 227 3,139 2,072 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Attract Expand Retain 14 5 10 9 0 5 10 15 20 Columbus Dublin Rest of Franklin Rest of Region 44% 33% 34% 25% 35% 39% 12% 20% 16% 19% 12% 11% 2011 2012 Jan-Jun 2013 Manufacturing HQ & Business Services Logistics Science & Technology
  • 14. (BOLD = Projects announced in Q2 2013) COMPANY DESCRIPTION CITY CTY. NO. JOBS AGC Flat Glass North America, Inc. Glass manufacturer for auto makers Bellefontaine Logan Bank of America Commercial lending in the health care sector Westerville Delaware Cellco Partnership (Verizon) Information services and software Hilliard Franklin Compass Data Centers LLC Wholesale colocation data center New Albany Franklin Diamond Hill Capital Management Financial services Columbus Franklin Duet Health Information services and software Columbus Franklin Dynamit Technologies Technology services and software Columbus Franklin Expedient Communications Information services and software Upper Arlington Franklin Ezdure Bamboo flooring Dublin Franklin G-TEKT North America Corporation R&D for structural body parts for motor vehicles TBD TBD G-TEKT North America Corporation Structural body parts of motor vehicles West Jefferson Madison HD Supply Facilities Maintenance Ltd. Supplier to commercial residential projects Groveport Franklin HealthSpot, Inc. Health care stations Dublin Franklin Highlights for Children, Inc. Children's educational books Columbus Franklin Honda of America Mfg., Inc. Production of Honda Accord Sedan and Coupe and Acura TL. Marysville Union International Engineering Group LLC Plastic injection molds Hilliard Franklin ISS America Inc. Manufacturer of park plug cylinders Bellefontaine Logan JPMorgan Chase Financial services Dublin Franklin LSP Technologies, Inc. Developer of materials-processing technology for aerospace and power generation OEMs Dublin Franklin Marne Plastics LLC Manufacturer of plastic and rubber products Columbus Franklin MBA Focus Recruitment technology solutions Dublin Franklin Mediu LLC Call center, consulting services provider Worthington Franklin Molina Healthcare of Ohio, Inc. Health care providers Columbus Franklin National Church Residences Head office of housing nonprofit organization Upper Arlington Franklin Novotec Recycling LLC Recycled materials Columbus Franklin Phoenix Electrotek Manufacturer of wiring harnesses and cable assemblies Lancaster Fairfield Print Syndicate LLC E-commerce of custom design t-shirts and products Columbus Franklin Proform Industries, Ltd. Transportation equipment manufacturer Columbus Franklin 13 Retention/Expansion 23 Attraction 4 Expansion 120 TYPE 77 Attraction 55 Attraction 22 Expansion 20 38 Expansion 50 2,000 Retention/Expansion Expansion 26 Attraction 10 Expansion 8 Retention/Expansion QUARTERLY ECONOMIC UPDATE | Q2 2013 NOTABLE EXPANSIONS & LOCATIONS | JAN-JUN 2013 178 Retention/Expansion 500 Expansion 188 Expansion 20 Expansion 235 Retention/Expansion 300 Expansion 18 Expansion 3 Expansion 25 Expansion 165 Retention/Expansion 4 Expansion Expansion Expansion Expansion 60 Expansion 50 Expansion 27 20
  • 15. (BOLD = Projects announced in Q2 2013) COMPANY DESCRIPTION CITY CTY. NO. JOBS Safelite Group, Inc. Headquarters, contact center, and automotive glass shops Columbus Franklin Spectrum Commercial Coatings Full service commercial and industrial coating contractor Columbus Franklin SpeedFC, Inc. End-to-end e-commerce services Etna Township Licking Tarrier Foods Inc. Manufactures candy toppings Columbus Franklin Team Gemini Renewable energy, landfill digester Grove City Franklin The Kroger Company Kroger Pharmacy's central fulfillment site Columbus Franklin Thomas & Marker Construction Co. Construction company Upper Arlington Franklin Toyo System Rechargeable battery testing systems Columbus Franklin Westerman, Inc. Oil and gas storage tanks Bremen Fairfield Zipline Logistics LLC Logistics service provider TBD Franklin 14 QUARTERLY ECONOMIC UPDATE | Q2 2013 NOTABLE EXPANSIONS & LOCATIONS | JAN-JUN 2013 TYPE 350 Expansion 30 Expansion 492 Retention/Expansion 25 Expansion 80 Attraction 126 Retention/Expansion 12 Expansion 13 Attraction 24 Expansion 40 Expansion

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