September 2012 Monthly Report
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September 2012 Monthly Report

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Our September 2012 Monthly Report, highlighting our latest successes in Columbus Region economic development.

Our September 2012 Monthly Report, highlighting our latest successes in Columbus Region economic development.

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  • 1. MONTHLY ECONOMIC UPDATE | SEPTEMBER 2012
  • 2. COLUMBUS 2020 MONTHLY UPDATE | SEPTEMBER 2012PROJECTS SEPTEMBER 2012 AND YEAR-TO-DATESEPTEMBER 2012 & YTD PERFORMANCE NUMBER OF PROJECTS (2012 v. 2011) FIRST-TIME VISITS (2012 v. 2011)September 2012 15 5020 Projects (196 YTD) 12 37 123 First Time Visits (53 YTD) 40 9 27 9 8 8 30 25 7 7 7 22 21 20 6 6Year to Date 18 18 16 19 20 17 6 5Through September 2012, Columbus 2020 had 196 12 14 12 13 4 4 4 9 11 11 9 9 10 3 3 3projects started year to date, 75 percent higher than the 10 3 2 2 2 22011 pace. There were also 53 first-time visits to the 0 0 0Columbus Region by companies year to date through Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecAugust, 43 percent higher than the 2011 pace. 2011 2012 2011 2012 CASE STUDY: STELLA & DOT Stella & Dot is a San Francisco-based social selling company of boutique-style jewelry and accessories. The company ranked no. 57 in the latest Inc. 5000 list of fast growing companies, having seen annual revenues rise from $4 million in 2008 to $175 million in 2011. Products are sold Jobs: 100+ exclusively through in-home trunk shows by independent Facility: Distribution and customer stylists. service center (180,000 sf) After a multi-state search, Stella & Dot selected the Columbus Region for its first independently managed distribution and customer service center. The company signed a lease for over 180,000 square feet in Groveport. Within three years, the company anticipates the creation of more than 100 jobs at an average wage of $16.50/hour. Considerations for site selection included market access, business environment, and workforce quality. 1
  • 3. COLUMBUS 2020 MONTHLY UPDATE | SEPTEMBER 2012ACTIVE PROJECTS AS OF SEPTEMBER 30, 2012TOTAL ACTIVE PROJECTS EXPANSION PROJECTS: EXPANSION PROJECTS:(147 PROJECTS) PROJECTS BY SOURCE PROJECTS BY INDUSTRY 35 30 30 19% 25 20 39% 20 19% 15 62% 61% 10 4 3 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 70 68 50 60 43 45 50 40 40 25% 35 30 22 30 25 37% 25 20 3% 20 10 15 10 12 63% 72% 0 10 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 | SEPTEMBER 2012BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIESSEPTEMBER 2012 COMPLETED ACTIVITIES Northern California: The 2020 team visited the Bay Area and Sacramento to meet with Fortune 1000 companies, location advisors, and headquarters of companies with a Columbus Region operation. Minneapolis: The 2020 international team attended the US Midwest Japan Association Conference holding meetings to introduce companies to the Columbus Region. Chicago: The 2020 project management team conducted a market visit in Chicago, meeting with four site selection consultants, one with an active project in the Region. Northeast: The 2020 business development team traveled to New York City, northern New Jersey, and Philadelphia for six meetings with location advisors. China, The 2020 business development team conducted a mission to six cities in China. The mission included meetings with companies, venture capital firms, governments, and associations with an interest in investing in the U.S.OCTOBER - DECEMBER 2012 PLANNED ACTIVITIES Omaha IAMC Conference Los Angeles SIOR Fall World Conference Houston IEDC Annual Conference Atlanta International Air Cargo Conference Chicago, Jacksonville Area Development Forums BUSINESS DEVELOPMENT MISSIONS: Los Angeles, Denver, Salt Lake City, Dallas INTERNATIONAL ACTIVITIES: Columbus 2020 Japan & European Missions 3
  • 5. COLUMBUS 2020 MONTHLY UPDATE | SEPTEMBER 2012BUSINESS RETENTION & EXPANSION | SEPTEMBER 2012BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY INDUSTRY September 2012 Performance: 10 9 18 16 8 16 37 Visits in September (404 YTD) 8 7 14 12 6 5 10 9 Visits conducted by: 4 4 7 8 4 5 6 2 4 Columbus 27% 2020 only 2 41% 0 0 Local ED partner only Both 2020 32% and LEDOCASE STUDY: ASCENA RETAIL GROUPAscena Retail Group, Inc., a national specialty retailer ofapparel for women and tween girls, will invest approximately$74 million to expand its existing distribution center in EtnaTownship and purchase additional machinery and otherequipment. The expansion will create an additional 225 jobs -time positions. Jobs: 225 created, 300 retained Capital investment: $74 millionExpansion was prompted by the need to consolidate thecompanys brands - Justice, Lane Bryant, maurices, dressbarn Facility: Distribution center (expansion)and Catherines - under one distribution center. Afterconsidering some out-of-state options, Ascena chose toexpand the Licking County facility in light of the ColumbusRegions access to market, including the companys 3,800retail store network. 4
  • 6. COLUMBUS 2020 MONTHLY UPDATE | SEPTEMBER 2012BUSINESS CREATIONNEW BUSINESS REGISTRATION* BUSINESS DISSOLUTIONS, PATENTS BY REGION INVENTORS & SURRENDERS, WITHDRAWALS ASSIGNEES 1500 200 178 94 170 84 1,216 1,210 160 141 146 76 1250 1,155 58 1,018 120 1000 80 23 24 25 26 750 40 500 0 May Jun Jul Aug May Jun Jul Aug Inventor Assignee May Jun Jul AugSource: 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: ACCLAIMDColumbus-based startup Acclaimd introduced its new web-basedreferral management solution during the 10-xelerator (10X) NewVenture Showcase in September. Acclaimd makes it easy forbusinesses to manage their referral programs online with apowerful recommendation engine, built-in referral tracking, and anotification center. These tools help increase the quality andvolume of referrals, while lowering administrative costs.Acclaimd is one of eight startups to participate in the mostrecentOhio New Entrepreneurs (ONE) Fund. The 10X program focuseson providing money, mentors, and markets for selectedtechnology entrepreneurs. 5
  • 7. COLUMBUS 2020 MONTHLY UPDATE | SEPTEMBER 2012ECONOMIC DEVELOPMENT NEWSCOLUMBUS IN THE NEWS WORKFORCE INFRASTRUCTUREColumbus no. 7 strongest job market in the U.S. Ohio Energy Pathways. Highway improvements fast-tracked. On SeptemberAmong 102 major metropolitan areas, Columbus finished no. to better align education and training resources with 27, the Ohio Department of Transportation decided7 in On Numbers Economic Index. employer needs, the Ohio Board of Regents has launched to prioritize and accelerate five highway projectshttp://bit.ly/QdK2P4 OhioEnergyPathways.org. The new website will connect across the state. Among these are improvement of Ohioans seeking education and jobs in the energy the I-270/Route 23 interchanges and reconstructionCentral Ohio exports up 22 percent from last year industry with specific job training and employment of I-70 overpasses at Mound and 18th streets.Federal data shows Columbus metro area exports grew from opportunities that meet their needs and interests. The I-270/Rt. 23 improvement is key to$3.6 billion in 2010 to $4.3 billion in 2011. Featured content areas include advanced energy, accommodating economic and population growth inhttp://bit.ly/VxUyBl renewable energy, energy efficiency, and oil and gas. The northern Franklin and Delaware counties. I-70 is an web site contains information on each of these industries important logistics corridor for the movement ofColumbus no. 4 in new logistics projects and also connects with state resources such as goods into and out of the Columbus RegionsFrom January 1, 2011 to May 31, 2012, Columbus ranked no. 4 OhioMeansJobs.com and Ohio Internships & Co-ops. distribution centers.among U.S. metros in number of logistics projects.http://bit.ly/NMP4SyColumbus no. 3 in fashion design talentColumbus has the third highest concentration of fashiondesigners among U.S. metro areas behind only NYC and L.A.http://bit.ly/RX7Vaa 6
  • 8. COLUMBUS 2020 MONTHLY UPDATE | SEPTEMBER 2012REGIONAL ECONOMIC DATANUMBER EMPLOYED AND UNEMPLOYMENT RATE (AUGUST 2012) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS (WEEK ENDING 7/7/12 TO WEEK ENDING 9/29/12) Continuing NewUnemployment Change from Aug. 2011 to 14,000 1,800 rate (Aug. 2012) Aug. 2012 1,600 13,000 1,400 7.8% (-2.1) 7.2% (-2.1) 1,200 Marion Morrow 12,000 15,831 (+398) 1,000 26,857 (-279) 800 11,000 7.1% (-3.2) 7.1% (-2.3) 600 Logan Knox 400 10,000 20,612 (+52) 5.1% (-1.3) 26,880 (+410) 200 Delaware 5.6% (-2.0) 9,000 0 88,680 (+2,174) 9/1 9/8 9/15 8/18 9/22 9/29 8/4 8/11 8/25 7/7 7/14 7/21 7/28 Union 25,307 (+622) Number employed 6.6% (-2.0) Source: Ohio Department of Job and Family Services residents Licking (Aug. 2012) 6.2% (-1.7) 79,020 (+1,947) Franklin 580,713 (+14,027) 6.4% (-1.2) Madison 18,755 (+457) COMMERCIAL REAL ESTATE HOUSING SALES 6.4% (-2.0) (AS OF SEPTEMBER 30) Fairfield $179K 7.7% (-2.1) 69,850 (+1,700) $168K Direct Asking 3,073 3,096 2,978 Pickaway Use Vacancy Rate Rent 22,457 (+543) (per sf) 2,326 1,934 2,072 Office 16.2% $14.90Source: U.S. Bureau of Labor Statistics, Local Area UnemploymentStatistic, Seasonally Adjusted Industrial 8.7% $2.95 New In Closed Average Listings Contracts Sales Sales Price Retail 10.2% $9.57 Aug 2011 Aug 2012 Source: Xceligent Source: Columbus Board of Realtors 7