MONTHLY
ECONOMIC
UPDATE
2013

JULY

2013
columbusregion.com

614-225-6063
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013

PROJECTS JULY 2013 AND YEAR-TO-DATE
JULY 2013 PERFORMANCE

FIRST-TIME VISITS (20...
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013

ACTIVE PROJECTS AS OF JULY 31, 2013
TOTAL ACTIVE PROJECTS
(128 PROJECTS)

EXPANS...
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
JULY 2013 COMPLETED ACTIVITIES
Chic...
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013

BUSINESS RETENTION & EXPANSION | JULY 2013
BUSINESS DEVELOPMENT

VISITS CONDUCTE...
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013

BUSINESS CREATION
NEW BUSINESS REGISTRATION*

1500

1,363

BUSINESS DISSOLUTIONS...
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013

ECONOMIC DEVELOPMENT NEWS
COLUMBUS IN THE NEWS

TRANSPORTATION & INFRASTRUCTURE
...
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013

REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (June 2013)

Contin...
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Monthly Economic Update | July 2013

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Monthly Economic Update | July 2013

  1. 1. MONTHLY ECONOMIC UPDATE 2013 JULY 2013 columbusregion.com 614-225-6063
  2. 2. COLUMBUS 2020 MONTHLY UPDATE | JULY 2013 PROJECTS JULY 2013 AND YEAR-TO-DATE JULY 2013 PERFORMANCE FIRST-TIME VISITS (2012 vs. 2013) NUMBER OF PROJECTS STARTED (2012 vs. 2013) JULY 2013 18 projects started 15 50 44 12 - 138 year to date 40 6 first time visits 27 24 30 25 24 25 2120 19 19 20 11 30 12 18 16 9 23 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 6 6 5 6 7 10 10 9 28 20 11 6 4 4 7 6 6 44 2 3 6 3 4 2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2013 2012 2013 CASE STUDY: LULULEMON Vancouver, British Columbia-based lululemon will open its second U.S. distribution center in the city of Columbus. The retailer of yoga-inspired athletic apparel will invest $26.5 million and create 170 new jobs with $6 million in payroll. The distribution center will service most, if not all, of the Jobs: 170 created Eastern and Central time zones, supporting lulelemon's Capital investment: $26.5 million aggressive retail and e-commerce growth. The company Facilities: Distribution center selected the Columbus Region over other locations based on its quality workforce and competitive costs of doing business. 1
  3. 3. COLUMBUS 2020 MONTHLY UPDATE | JULY 2013 ACTIVE PROJECTS AS OF JULY 31, 2013 TOTAL ACTIVE PROJECTS (128 PROJECTS) EXPANSION PROJECTS: PROJECTS BY SOURCE EXPANSION PROJECTS: PROJECTS BY SECTOR EXPANSION PROJECTS: DOMESTIC/INTERNATIONAL 35 10% 30 26 20 22% 47% 12% 21 25 15 9 10 53% 68% 4 5 88% 0 Columbus 2020 New Existing Domestic Local ED partners International JobsOhio ATTRACTION PROJECTS: SUSPECTS AND PROSPECTS ATTRACTION PROJECTS: PROJECTS BY SOURCE ATTRACTION PROJECTS: PROJECTS BY SECTOR ATTRACTION PROJECTS: DOMESTIC/INTERNATIONAL 80 70 3% 59 60 40 50 34 35 9% 30 40 25 30 20 20 15 9 10 10 88% 0 Suspect 16 32% 5 68% 5 0 Prospect Suspects = Projects identified and qualified via direct dialogue with the company or consultant representing the company. 13 Columbus 2020 Local ED partners Domestic International JobsOhio Prospects = Projects qualified, parameters defined and the company or consultant has visited the Region. 2
  4. 4. COLUMBUS 2020 MONTHLY UPDATE | JULY 2013 BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES JULY 2013 COMPLETED ACTIVITIES Chicago: The 2020 team held meetings with an international corporate venture investor and a venture capital firm. Columbus: The 2020 team hosted several consultants and site selector advisors for visits to the Columbus market as well as visits by an international journalist and four national journalists. AUGUST 2013 PLANNED ACTIVITIES Salt Lake City Logistics Development Forum BUSINESS DEVELOPMENT MISSIONS: Detroit, New York ACTIVE PROJECT MEETINGS: Cleveland, Seattle 3
  5. 5. COLUMBUS 2020 MONTHLY UPDATE | JULY 2013 BUSINESS RETENTION & EXPANSION | JULY 2013 BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION JULY 2013 Performance: 15 16 14 39 Visits in June (230 YTD) 10 9 10 12 8 5 6 8 Columbus 2020 only 56% 7 4 2 0 36% 9 4 4 8% 19 20 16 12 Visits conducted by: VISITS CONDUCTED BY SECTOR 0 Columbus Local ED partner only Dublin All other Franklin County All other Region Both 2020 and LEDO CASE STUDY: AVNET, INC. Avnet, Inc., one of the world's largest electronics distributors, announced that it will consolidate four existing facilities in the Columbus Region into one facility in Obetz. In addition to consolidating the current 350-employee Columbus Region workforce, Avnet will invest $2.5 million in equipment and add up to 300 more employees. Jobs: 300 created Capital investment: $2.5 million Facility: Distribution center a dozen service companies in the past 18 months, all part of an aggressive effort to develop a full -service offering for its customers. Avnet selected the Columbus Region over other areas in the U.S. based on its strategic location for logistics and access to workforce. 4
  6. 6. COLUMBUS 2020 MONTHLY UPDATE | JULY 2013 BUSINESS CREATION NEW BUSINESS REGISTRATION* 1500 1,363 BUSINESS DISSOLUTIONS, SURRENDERS, WITHDRAWALS PATENTS BY REGION INVENTORS & ASSIGNEES 300 1,319 238 250 1250 1,074 1,114 1000 200 91 191 186 99 85 80 180 150 100 750 24 18 27 20 50 500 0 Mar Apr May Jun Mar Apr May Jun Inventor Mar 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. Assignee Apr May June Source: U.S. Patent and Trademark Office CASE STUDY: INFOMOTION SPORTS TECHNOLOGIES Dublin-based InfoMotion Sports Technologies Inc. recently closed a $3.5 million Series A investment round. The funding will help InfoMotion's consumer launch of its 94Fifty basketball product. The 94Fifty basketballs have embedded sensors that track speed and force of dribbling, release angle, rotation and other key elements of the physics of good ball-handling and shooting. To date, the company has marketed the product to college teams. On July 17, InfoMotion announced a distribution and product partnership with Spalding, the world's largest baseketball equipment supplier. The new investment will help build upon this opportunity. The company initially located to the Columbus Region in part because of an Innovation Ohio Loan Fund, which provided $750,000 in early-stage capital. 5
  7. 7. COLUMBUS 2020 MONTHLY UPDATE | JULY 2013 ECONOMIC DEVELOPMENT NEWS COLUMBUS IN THE NEWS TRANSPORTATION & INFRASTRUCTURE POLICY & ADVOCACY Columbus metro area job numbers at all -time high $3 billion to fast-track Ohio highway projects Ohio leaders show support for air bases' funding On July 22, Governor Kasich unveiled a new Political, military and economic leaders throughout transportation funding plan for 41 projects across the state are defending Ohio's Air Force and Ohio. Of the $3 billion to be spent over six years, Air National Guard base units in preparation of Central Ohio projects amount to $572 million. federal budget cuts. Four members of the National The Columbus metro area has continued to gain jobs and set record highs since recovering its losses from the recession in May 2012. http://bit.ly/16SKKHf Columbus no. 15 aspirational city Commission on the Structure of the Air Force New analysis ranks Columbus in the top 15 in the U.S. based Key projects in the Columbus Region supported by on job growth, unemployment, quality of life, and the plan include the U.S. 23/I-270/SR 315 demographics. http://thebea.st/13qYgyQ interchange in northern Franklin County, I-70/71 in Columbus, U.S. 33 in Fairfield County, and ISix Columbus Region hospitals in national rankings U.S. News & World Report's list of best hospitals includes six 270/U.S. 33 in Dublin. heard testimony July 30 from leaders advocating for continued funding of Ohio's air bases, including Rickenbacker Air National Guard Base. Columbus Chamber President & CEO Michael Dalby testified that the state has invested in supporting these bases and are ready to support any expansion. from the Region, topped by The Ohio State University Wexner Medical Center. http://bit.ly/fVgrbB Columbus highlighted as a fashion hub USA Today covers the Columbus Region's fashion companies, from the retail giants headquartered here to independent boutiques. http://usat.ly/16uA9jV For all of the latest news, visit: http://columbusregion.com/news-events-reports/in-themedia 6
  8. 8. COLUMBUS 2020 MONTHLY UPDATE | JULY 2013 REGIONAL ECONOMIC DATA NUMBER EMPLOYED AND UNEMPLOYMENT RATE (June 2013) Continuing 6.5% (+0.2) Madison 18,942 (+141) 6.1% (+0.1) Franklin 593,897 (+4,188) 7.6% (+0.3) Pickaway 22,803 (+164) 1,400 12,000 1,200 11,000 1,000 6.8% (+0.4) Licking 80,173 (+635) 6.1% (+0.0) Fairfield 70,863 (+538) 7/27 7/20 7/13 7/6 Source: Ohio Department of Job and Family Services COMMERCIAL REAL ESTATE (AS OF JULY 31) Use Vacancy Rate Direct Asking Rent (per sf) Office Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted 6/29 0 6/22 200 6/15 400 7,000 6/8 600 8,000 6/1 800 9,000 6,000 6.9% (-0.0) Knox 27,868 (+75) 10,000 5/25 5.5% (+0.1) Union 25,714 (+204) 5.2% (+0.2) Delaware 91,109 (+759) 1,600 13,000 7.7% (+0.4) Morrow 16,213 (+145) 1,800 14,000 5/18 7.7% (+0.2) Marion 26,904 (-620) 2,000 15,000 6.5% (+0.1) Logan 21,710 (-89) Number employed residents (Jun 2013) New 16,000 5/11 Change from Jun 2012 to Jun 2013 5/4 Unemployment rate (Jun 2013) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS (WEEK ENDING 5/4/13 TO WEEK ENDING 7/27/13) 7.0% 16.0% 3,946 3,346 $184K $196K 3,721 3,161 2,545 2,810 $15.43 Industrial HOUSING SALES $2.95 Retail 10.0% $9.28 New Listings In Contracts Jun 2012 Source: Xceligent Closed Sales Average Sales Price Jun 2013 Source: Columbus Board of Realtors 7

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