Monthly Economic Update | August 2013

MONTHLY ECONOMIC

UPDATE2013

AUG

2013

columbusregion.com 614-225-6063

AUGUST 2013 PERFORMANCE

CASE STUDY: ACE HARDWARE

Jobs: 100 created

Capital investment: $27 million

Facilities: Distribution center

1

COLUMBUS 2020 MONTHLY UPDATE | AUGUST 2013

PROJECTS AUGUST 2013 AND YEAR-TO-DATE

NUMBER OF PROJECTS STARTED

(2013 v. 2012)

FIRST-TIME VISITS (2013 v. 2012)

AUGUST 2013

17 projects started

- 161 year to date

5 first time visits 25

11

27 24

20

44

16

30

20 23

28

7

19

26

19 21

27

13

19 17

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

2 2

5 4 4

7

4

6 5

0

3

6

9

12

15

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012 2013

Illinois-based Fortune 500 wholesaler Ace Hardware

selected the Columbus Region for the relocation of its

Toledo-area distribution center. One hundred jobs will be

relocated to Park 70 in West Jefferson, Madison County,

with $27 million to be invested in a new distribution

center, initially occupying 450,000 square feet with

potential to expand.

Ace had outgrown its old space and needed to move.

With the company's current reorganization and

consolidation, Ace was considering other states such as

Kentucky, Michigan and Pennsylvania. The Columbus

Region's access along I-70 and the importance of

workforce training for the company helped retain the

company in Ohio.

2

ATTRACTION PROJECTS:

DOMESTIC/INTERNATIONAL


SUSPECTS AND PROSPECTS


PROJECTS BY SECTOR


PROJECTS BY SOURCE


ACTIVE PROJECTS AS OF AUGUST 31, 2013

TOTAL ACTIVE PROJECTS

(144 PROJECTS)

EXPANSION PROJECTS:

PROJECTS BY SOURCE

EXPANSION PROJECTS:

PROJECTS BY SECTOR

EXPANSION PROJECTS:

DOMESTIC/INTERNATIONAL

64

13

0

10

20

30

40

50

60

70

80

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.

53%

47%

New Existing

84%

9% 7%

Columbus 2020

Local ED partners

JobsOhio

64%

21%

15%

Columbus 2020

Local ED partners

JobsOhio

33

9

16

9

0

5

10

15

20

25

30

35

36

13

19

9

0

5

10

15

20

25

30

35

40

65%

35%

Domestic International

90%

10%

Domestic International

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES

AUGUST 2013 COMPLETED ACTIVITIES

SEPTEMBER 2013 PLANNED ACTIVITIES

Salt Lake City

IAMC Conference

BUSINESS DEVELOPMENT MISSIONS:

San Francisco, Chicago, Atlanta, Greenville

INTERNATIONAL ACTIVITIES:

Columbus 2020 Japan Mission

3


Salt Lake City: The 2020 team attended the Logistics Development Forum to network and to attend education sessions on the supply chain and site selection process for warehousing and distribution.

Seattle: The 2020 team met with three companies that have active projects in the Columbus Region and with the headquarters of an existing business.

Detroit: The 2020 team visited the Detroit market and held meetings with site selection consultants, companies and the Canadian consulate.

Indianapolis/Cleveland: The 2020 team held active project meetings along with site selection consultants.

Northeast: The 2020 team traveled to Rochester, New York City and Connecticut to hold meetings with companies and location consultants.

Washington, D.C.: The 2020 team attended meetings with IEDC leaders and met with White House officials to discuss federal policies and opportunities for engagement.

AUGUST 2013 Performance:

38 Visits in August (268 YTD)

Visits conducted by:

CASE STUDY: PILLAR TECHNOLOGY GROUP

Jobs: 40 created

Capital investment:

Facility: Office

4

$400,000


BUSINESS RETENTION & EXPANSION | AUGUST 2013

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR

Pillar Technology Group, a software development

and strategic business consulting company,

announced that it will expand its Columbus Region

presence by adding 40 jobs over the next three

years. The company currently employs 56 at its

downtown Columbus location.

Pillar cited the Region's talent base as one of the

elements necessary for the company's growth. New

jobs will include software architects, developers and

analysts.

26%

58%

16% Columbus2020 only

Local EDpartner only

Both 2020and LEDO

11

3

7

3

7 7

0

2

4

6

8

10

12

5 5

25

3

0

4

8

12

16

20

24

28

Source: U.S. Patent and Trademark Office

CASE STUDY: CORE QUANTUM TECHNOLOGIES

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*


Core Quantum Technologies (CQT) has been awarded a

$150,000 Phase I Small Business Innovation Research (SBIR)

grant by the National Science Foundation to develop fluorescing

nanoparticles for medical diagnosis, imaging, and research. The

Columbus-based startup invented a type of nanoparticle that

emits different colors to tag molecules in biomedical tests.

The SBIR grant will help commercialize the technology as a

product called MultiDot for clinical and pathology applications.

MultiDot tags particles in different colors with greater brightness

and longevity than existing technologies. A product variation

called Magdot uses magnetic particles for additional tracking and

manipulation capabilities.

CQT is an example of the work of The Ohio State University's

Technology Commercialization Office to generate startup

success.

1,319

1,074 1,114 1,140

500

750

1000

1250

1500

Apr May Jun Jul

238

191 180 170

0

50

100

150

200

250

300

Apr May Jun Jul

85

24

99

27

80

20

84

30

Inventor Assignee

Apr May June July

WORKFORCE

6

ECONOMIC DEVELOPMENT NEWS

COLUMBUS IN THE NEWS


TRANSPORTATION & INFRASTRUCTURE

42 companies from Columbus Region on Inc. 5000 list

The Region's tally for 2013 in Inc. magazine's list is up from

40 in 2012 and 5 in 2011. http://bit.ly/159NQI6

Exel identifies Columbus as e-commerce hub

Columbus is noted as one of the most attractive locations in

the U.S. for a national one-facility e-commerce distribution

center. http://bit.ly/19ZTFMN

Ohio among 10 states where manufacturing still matters

USA Today lists Ohio based on its high levels of

manufacturing output and employment. The state lags only

much larger California and Texas in manufacturing jobs.

http://usat.ly/1cBVHTw

For all of the latest news, visit:

http://columbusregion.com/news-events-reports/in-the-

media

Columbus Region Workforce Assessment

Columbus 2020 and Site Selection Group are

undertaking a first-ever regional workforce

assessment that will give comprehensive insight into

the Columbus Region labor force.

Two study-related initiatives are under way:

employer interviews that will determine companies'

successes and obstacles when hiring in the

Columbus Region, and an anonymous web-based

survey that will provide insight into the existing

workforce and determine areas of improvement for

employee resources.

All individuals 18-years-old and older are

encouraged to take the survey, and participants can

also choose to enter a drawing to win an iPad. For

more information and to participate in a business

interview or the individual survey, go to:

http://columbusregion.com/connect-with-

us/regional-workforce-assessment/

Port Columbus introduces new runway

On August 22, Port Columbus International Airport

debuted its new $140 million south runway. The

10,113-foot runway is the most expensive capital

improvement project in the airport's history.

Combined with other improvements, the airport has

the capability to accommodate 8 to 10 million

passengers a year. Other projects include $31 million

for a baggage-handling system, $41 million for

infrastructure improvements on and around Stelzer

Road, and the ongoing $80 million renovation of the

terminal.

In August, Port Columbus also saw the start of

additional flights to Los Angeles, and the Columbus

Regional Airport Authority announced new flights to

St. Petersburg, Florida that will begin in November.

Source: Xceligent Source: Columbus Board of Realtors

7

HOUSING SALES

$15.48

$2.97

$9.43

Industrial

Retail

6.8%

9.9%

Source: U.S. Bureau of Labor Statistics, Local Area Unemployment

Statistics, Seasonally Adjusted

Source: Ohio Department of Job and Family Services

Direct

Asking Rent

(per sf)

Vacancy

RateUse

Office 15.6%

COMMERCIAL REAL ESTATE

(AS OF AUGUST 30)


REGIONAL ECONOMIC DATA

NUMBER EMPLOYED AND UNEMPLOYMENT RATE (July 2013) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS

(WEEK ENDING 6/8/13 TO WEEK ENDING 8/31/13)

8.1% (+0.1)

Marion

26,668 (-476)

6.9% (-0.0)

Knox

27,868 (+75)

Unemployment

rate

(Jul 2013)

Number

employed

residents

(Jul 2013)

Change from

Jul 2012 to

Jul 2013

5.2% (+0.2)

Delaware

91,957 (+1,197)

6.1% (+0.0)

Fairfield

71,281 (+858)

6.2% (+0.1)

Franklin

596,697 (+6,699)

7.0% (+0.6)

Licking

80,632 (+1,014)

6.5% (+0.2)

Madison

19,029 (+227)

7.7% (+0.7)

Morrow

16,211 (+230)

7.8% (+0.3)

Pickaway

22,907 (+264)

6.0% (+0.0)

Union

25,817 (+327)

6.6% (+0.1)

Logan

21,774 (+107)

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

6/8

6/15

6/2

2

6/29

7/6

7/1

3

7/2

0

7/2

7

8/3

8/1

0

8/1

7

8/2

4

8/3

1

Continuing New

3,142 2,979

2,201

$186K 3,665 3,515

2,825

$193K

NewListings

InContracts

ClosedSales

AverageSales Price

Jul 2012 Jul 2013