The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. The update also features the successes of Germany-based automotive parts manufacturer xperion locating the Heath, IT company HMB expanding in Westerville and the 10X startup accelerator companies pitching to investors.
2. COLUMBUS 2020 MONTHLY UPDATE | NOVEMBER 2013
PROJECTS NOVEMBER 2013 AND YEAR-TO-DATE
NOVEMBER 2013 PERFORMANCE
NUMBER OF PROJECTS STARTED
(2012 vs. 2013)
FIRST-TIME VISITS (2012 vs. 2013)
NOVEMBER 2013
12 projects started
15
50
44
12
- 198 year to date
40
3 first time visits
27
27 24
30 25
25
2120
20
18
- 54 year to date
20
11
30
12
18 17
16
9
23
13
15
12
7
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012
6 6
5
6
10
10
9
28
20
11
3
6
4
4
8
7
5
4
2
3
6 6
5
4
7
4
3
2
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013
2012
2013
CASE STUDY: XPERION
xperion, a Germany-based automotive components
manufacturer, recently broke ground on a new, 50,000square-foot facility in the Columbus Region to house its
first U.S. manufacturing and sales presence.
Jobs:
59 created
division, xperion's Columbus Region facility will focus on
Investment:
$6.3 million
the production of composite automotive tanks for the
Facilities:
Manufacturing
A subsidiary of Avanco's Energy & Environment (E&E)
compressed natural gas (CNG) sector. The facility is
located within the Central Ohio Aerospace and
Technology Center in Heath.
The Region's strong reputation in the manufacturing
sector and proximity to key automotive customers were
significant factors in xperion's location decision.
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3. COLUMBUS 2020 MONTHLY UPDATE | NOVEMBER 2013
ACTIVE PROJECTS AS OF NOVEMBER 30, 2013
TOTAL ACTIVE PROJECTS
(110 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
35
30
14%
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
28
16%
25
16
20
45%
15
22%
55%
64%
10
5
1
5
84%
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
60
50
3%
7%
35
30
30
48
25
40
20
30
15
12
20
10
10
90%
0
Suspect
15
45%
55%
3
0
Prospect
Suspects = Projects identified and
qualified via direct dialogue with the
company or consultant representing the
company.
5
12
Columbus 2020
Local ED partners
Domestic
International
JobsOhio
Prospects = Projects qualified,
parameters defined and the company or
consultant has visited the Region.
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4. COLUMBUS 2020 MONTHLY UPDATE | NOVEMBER 2013
BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
NOVEMBER 2013 COMPLETED ACTIVITIES
Columbus: The 2020 team attended the BioOhio Annual
Conference as well as hosted several companies and site selection
consultants evaluating the Columbus Region for investment.
Germany/UK: The 2020 team met with growing companies in
Germany and the United Kingdom who are considering entry into
the North American market.
Mexico: The 2020 team traveled to Mexico to learn more about the
strategies in place to maintain North American competitiveness in
manufacturing.
DECEMBER 2013 PLANNED ACTIVITIES
Charleston
Area Development Forum
Houston
Reinvesting in America Manufacturing Conference
BUSINESS DEVELOPMENT MISSIONS:
New York, Washington, D.C.
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5. COLUMBUS 2020 MONTHLY UPDATE | NOVEMBER 2013
BUSINESS RETENTION & EXPANSION | NOVEMBER 2013
BUSINESS DEVELOPMENT
VISITS CONDUCTED BY LOCATION
NOVEMBER 2013 Performance:
VISITS CONDUCTED BY SECTOR
12
12
25 Visits in November (374 YTD)
10
8
8
6
Visits conducted by:
10
10
6
8
6
4
4%
Columbus
2020 only
4
3
4
4
4
60%
2
2
0
36%
6
5
0
Local ED
partner only
Both 2020
and LEDO
CASE STUDY: HMB, INC.
HMB, Inc., an information technology company, is
expanding in Westerville as a result of a continued
increase to its production service line. The expansion
includes adding 75 employees to its current roster of 135
over the next three years, and investing $550,000 in
training, software and equipment.
HMB offers full-service, on-site, custom technology
Jobs:
75 created
Investment:
$550,000
Facilities:
IT office
development services and business consulting services.
The new jobs represent $5.6 million in new payroll for
various IT positions, including designers, developers and
strategists.
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6. COLUMBUS 2020 MONTHLY UPDATE | NOVEMBER 2013
BUSINESS CREATION
NEW BUSINESS REGISTRATION*
BUSINESS DISSOLUTIONS,
SURRENDERS, WITHDRAWALS
300
1500
1250
PATENTS BY REGION INVENTORS
& ASSIGNEES
1,140
1,207
1,114
1000
85
83
72
199
200
1,020
84
250
176
170
165
38
150
30
28
100
20
750
50
500
0
Jul
Aug
Sep
Oct
Jul
Aug
Sep
Oct
Inventor
July
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.
August
Assignee
September
October
Source: U.S. Patent and Trademark Office
CASE STUDY: 10X DEMO DAY
On November 15, the ten companies completing the fourth
round of the 10X business accelerator program presented to
potential investors. Columbus-based Founders Factory took
over the 10X program last year from
Fisher College of Business and narrowed it to four industries
of focus: retail/logistics, data analytics, cybersecurity and
education technology. Each team receives $20,000 and
goes through 10 weeks of guidance and mentoring before
making their investor pitches. Teams that graduated from
the first three rounds of 10X have since attracted a
cumulative $10 million in investments.
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7. COLUMBUS 2020 MONTHLY UPDATE | NOVEMBER 2013
ECONOMIC DEVELOPMENT NEWS
COLUMBUS IN THE NEWS
TRANSPORTATION & INFRASTRUCTURE
POLICY & ADVOCACY
Ohio No. 8 in attracting foreign college students
ODOT launches statewide transit study
Municipal income tax reform bill passes House
On November 6, the Ohio Department of
On November 13, the Ohio House of
Transportation (ODOT) announced its long -term
Representatives passed House Bill 5: Municipal
partnering with Ohio's public transit systems to
Income Tax Reform Legislation. The bill seeks to
strategize for the current and future needs of urban
create a more competitive tax environment in Ohio.
and rural transportation. The study will help to
It has now moved to the Ohio Senate.
The Institute of International Education ranks Ohio 8th for
the number of international college students it draws.
Among all U.S. colleges, The Ohio State University ranks
15th in international students.
http://bit.ly/1kc7yXz
determine the most efficient and cost-effective
Columbus claims best financial condition
strategies to improve and increase ridership.
Civic Federation, a Chicago-based research group, rated
The Columbus Chamber strongly supports this bill
because it fosters economic growth and helps
Columbus as having the best financial condition among the
The first survey in a series of surveys was sent out
create jobs by reducing the administrative burden
country's large cities.
the last week of October to current transit-users to
on businesses operating in multiple locations
http://bit.ly/IOH1EG
gather input on their experiences with the systems
around the state. If you have any questions about
and what could be improved. The study will cover
municipal income tax reform, contact Michael
Ohio's 28 urban and 33 rural public transit systems.
Hartley, the Chamber's VP of Government
Columbus a top city for North American trade
With more than a third of the metro area's international
Relations, at michael_hartley@columbus.org.
trade occurring with Mexico and Canada, Columbus was
ranked No. 11 among the top North American-trading cities
in the U.S. by the Brookings Institution.
http://bit.ly/1dQK8tp
For all of the latest news, visit:
http://columbusregion.com/Media-center/RecentNews.aspx
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8. COLUMBUS 2020 MONTHLY UPDATE | NOVEMBER 2013
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (October 2013)
NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 9/7/13 TO WEEK ENDING 11/30/13)
Continuing
7.3% (+1.1)
Madison
18,790 (-8)
6.5% (+0.9)
Franklin
590,114 (-264)
8.1% (+0.9)
Pickaway
22,630 (-10)
1,400
12,000
1,200
11,000
1,000
7.3% (+1.3)
Licking
79,801 (-35)
6.7% (+0.7)
Fairfield
70,638 (-31)
11/30
11/23
11/16
11/9
0
11/2
200
10/26
400
7,000
10/19
600
8,000
10/12
800
9,000
6,000
7.2% (+1.1)
Knox
27,564 (-324)
10/5
10,000
9/28
6.0% (+0.7)
Union
25,801 (-12)
5.6% (+0.8)
Delaware
91,824 (-39)
1,600
13,000
7.4% (+1.1)
Morrow
16,069 (-8)
1,800
14,000
9/21
8.2% (+1.0)
Marion
26,719 (-701)
2,000
15,000
6.7% (+0.5)
Logan
21,544 (-78)
Number
employed
residents
(Oct 2013)
New
16,000
9/14
Change
from
Oct 2012 to
Oct 2013
9/7
Unemployment
rate
(Oct 2013)
Source: Ohio Department of Job and Family Services
COMMERCIAL REAL ESTATE
(AS OF DECEMBER 2)
Use
Vacancy
Rate
Direct
Asking Rent
(per sf)
Office
15.3%
7.8%
10.0%
$9.75
2,075 2,032
$3.65
Retail
$162K $171K
2,934
2,766
2,597 2,634
$15.96
Industrial
HOUSING SALES
Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted
New
Listings
In
Contracts
Oct 2012
Source: Xceligent
Closed
Sales
Average
Sales Price
Oct 2013
Source: Columbus Board of Realtors
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