2. Jobs: 50 created, 307 retained
Investment:
Facilities: Distribution
1
$7.8 million
CASE STUDY: KIMBALL MIDWEST
COLUMBUS 2020 MONTHLY UPDATE | MARCH 2014
PROJECTS MARCH 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%
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
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
0
10
20
30
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2014
Kimball Midwest, a national distributor of products for the
Maintenance, Repair and Operations (MRO) industries will
expand its existing Columbus Region distribution facility.
The expansion will retain the 307 existing jobs and create
50 new jobs.
The investment includes the addition of 130,000 square
feet to the distribution facility, expansion and renovation
of the connected office and purchase of new machinery
and equipment. The 50 new jobs will include back-office
support, warehousing and distribution positions. For the
job commitment and expansion, the company cited history
and confidence in the Columbus Region.
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 | MARCH 2014
ACTIVE PROJECTS AS OF MARCH 31, 2014
TOTAL ACTIVE PROJECTS
(154 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
81
22
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.
95%
5%
New Existing
64%
4%
32%
Columbus 2020
Local ED partners
JobsOhio
61%14%
25%
Columbus 2020
Local ED partners
JobsOhio
18
4
24
5
0
5
10
15
20
25
30
35
40
37
7
50
9
0
10
20
30
40
50
60
51%
49%
Domestic International
84%
16%
Domestic International
4. BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
MARCH 2014 COMPLETED ACTIVITIES
APRIL 2014 PLANNED ACTIVITIES
Phoenix
MRO Americas Conference
Pinehurst
IAMC Spring 2014 Professional Forum
Seattle
Global Cities Exchange Session
BUSINESS DEVELOPMENT MISSIONS:
Boston, Connecticut, Austin, Rhode Island
INTERNATIONAL ACTIVITIES:
China Mission
3
COLUMBUS 2020 MONTHLY UPDATE | MARCH 2014
Los Angeles/Phoenix: The Columbus 2020 team conducted a
business development mission to the west coast to hold meetings
with both companies and consultants.
Dallas: The Columbus 2020 team attended the Consultant Connect
Annual Conference to network with consultants and attend
presentations on the site selection process.
Chicago: The Columbus 2020 team joined leaders, entrepreneurs
and elected officials at the Forbes Reinventing America Summit,
Attendees discussed the U.S.'s evolving role in the global economy.
Atlanta: The Columbus 2020 team participated in a market visit
along with JobsOhio to meet with site selection consultants and
promote Ohio and the Columbus Region.
Orlando: The Columbus 2020 team attended the Jones Lang
LaSalle Academy to network with leading commercial real estate
experts, national brokers, and sales professionals.
New York/D.C.: The Columbus 2020 team met with venture capital
investors and attended the IEDC Federal Economic Development
Forum and the Angel Capital Association Annual Summit.
5. MARCH 2014 Performance:
28 visits in March (87 YTD)
Visits conducted by:
CASE STUDY: FAMOUS SUPPLY
Jobs: 20 created
Investment:
Facilities: Distribution
4
$2.75 million
COLUMBUS 2020 MONTHLY UPDATE | MARCH 2014
BUSINESS RETENTION & EXPANSION | MARCH 2014
BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR
Famous Supply, an Akron-based company, is opening a
distribution center and show room in an existing Columbus
facility. The wholesale supplier of HVAC, plumbing and
building products plans to hire 20 full-time-equivalent
workers and create $1 million in annual payroll in the
facility once setup is complete.
Famous Supply received a five-year, 40 percent tax credit
to promote the $2.75 million investment and help close the
deal. The distribution center is planned to help grow sales
outside of Ohio and increasingly in neighboring states.
The company cited incentives, access to market and
workforce quality as drivers to the project.
25%
71%
4%
Columbus
2020 only
Local ED
partner only
Both 2020
and LEDO
5
4
8
1
10
0
2
4
6
8
10
12
9
3
12
4
0
5
10
15
20
6. Source: U.S. Patent and Trademark Office
CASE STUDY: COLUMBUS COLLABORATORY
Jobs: 100 created
Investment: $28 million
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 | MARCH 2014
The Columbus Collaboratory, an advanced technology
company, was founded with a $28 million investment from
seven of Central Ohio's top firms. The focus will be to address
technology challenges in the areas of big data, analytics and
cyber security and create solutions across industries, enhance
operational efficiencies and improve service. The venture is
expected to create 100 jobs over the next three years and
identify the Region as a magnet for top IT talent worldwide.
Columbus 2020 was influential in organizing the task force
responsible to explore economic growth drivers and job
creation opportunities within technology.
962
1,078
1,314 1,283
500
750
1000
1250
1500
Nov Dec Jan Feb
151
246
269
155
0
50
100
150
200
250
300
Nov Dec Jan Feb
95
39
84
20
60
21
96
26
Inventor Assignee
Nov Dec Jan Feb
7. POLICY & ADVOCACY
6
ECONOMIC DEVELOPMENT NEWS
COLUMBUS REGION IN THE NEWS
COLUMBUS 2020 MONTHLY UPDATE | MARCH 2014
TRANSPORTATION & INFRASTRUCTURE
Columbus ranked No. 3 metro for attracting logistics
operations
Site Selection ranked Columbus among the top metro
areas attracting new logistics operations with 40
projects in 2013. Ohio ranked No. 3 with 165 projects
behind Texas and Illinois. http://bit.ly/1e8ubQa
Columbus among America's most affordable cities
Forbes ranked Columbus No. 20 of the 100 largest U.S.
metro areas with 600,000 or more population, based on
housing affordability, cost-of-living and the Consumer
Price Index. http://onforb.es/1lFPB6K
Columbus gained 46,000 jobs in 2 years
Revised state employment data shows Ohio added
twice as many jobs as first thought, with Columbus
showing growth in most sectors. http://bit.ly/PStNtt
For all of the latest news, visit:
http://columbusregion.com/Media-center/Recent-
News.aspx
State capital budget bill seeks $158 million for
Central Ohio tech projects
Ohio's two year capital bill includes $157.5 million
for Central Ohio technology projects to ramp up
State of Ohio agencies for the big data era. The
goal is to move more functions toward a state-
owned cloud environment allowing for more fluid
storage options and lower energy costs. Projects
will include new equipment lease-purchases,
upgrades to the OARnet high-speed fiber optic
network, expansion of the Ohio Supercomputer
Center and renovations to the State of Ohio
Computer Center.
For more information, go to: http://bit.ly/1qeFisq
Columbus Regional Airport Authority looking at
direct flights to San Francisco
Port Columbus is in talks to create more direct
routes to Columbus, including a direct nonstop flight
to the San Francisco Bay Area.
Mobility between locations matters to business.
There is a correlation between the economic vitality
of a market and its air service says David Whitaker,
vice president of business development and
communications. The technology segment is
growing in the Region and creates increased
demand to fly to and from the Bay Area efficiently.
For more information, go to:
http://bit.ly/1kjHkZ2
8. Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted
Source: Xceligent Source: Columbus Board of Realtors
7
$3.10
$9.62
Industrial
Retail
6.2%
9.0%
Source: Ohio Department of Job and Family Services
Direct
Asking Rent
(per sf)
Vacancy
Rate
Use
Office 15.0%
COMMERCIAL REAL ESTATE
(AS OF MARCH 31)
HOUSING SALES
$15.64
COLUMBUS 2020 MONTHLY UPDATE | MARCH 2014
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (FEBRUARY 2014) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 1/4/14 TO WEEK ENDING 3/29/14)
7.3% (-0.9)
Marion
26,477 (-482)
5.5% (-1.6)
Knox
28,920 (+1,214)
Unemployment
rate
(Feb 2014)
Number
employed
residents
(Jan 2014)
Change
from
Feb 2013 to
Feb 2014
4.3% (-0.9)
Delaware
92,240 (+2,674)
5.5% (-0.9)
Fairfield
71,389 (+1,063)
5.5% (-0.9)
Franklin
604,471 (+14,658)
5.6% (-1.2)
Licking
80,730 (+1,197)
5.8% (-1.3)
Madison
18,918 (+93)
6.0% (-1.5)
Morrow
16,524 (+301)
6.6% (-0.9)
Pickaway
23,072 (+420)
4.6% (-1.2)
Union
25,890 (+315)
5.2% (-2.0)
Logan
22,750 (+1,304)
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
1/4
1/11
1/18
1/25
2/1
2/8
2/15
2/22
3/1
3/8
3/15
3/22
3/29
Continuing New
2,914
2,583
1,539
$148K
2,310
2,281
1,444
$159K
New
Listings
In
Contracts
Closed
Sales
Average
Sales
Price
Feb 2013 Feb 2014
