The Columbus MSA added 12,300 jobs in 2013 and continues to rank very well against comparable U.S. metros, according to Columbus 2020, the economic development organization in the Columbus Region. The final quarterly economic update for the 2013 calendar year covers regional economic data and development activities in the fourth quarter and throughout the year.
2. QUARTERLY ECONOMIC UPDATE | Q4 2013
FOREWORD
TABLE OF CONTENTS
By Mekael Teshome
Assistant Vice President and Economist, The PNC Financial Services Group
Employment, labor force and unemployment . . . 2
At 5.8 percent in December 2013, the Columbus Region unemployment rate
Employment by industry . . . . . . . . . . . . . . . . . . . . . 3
remains well below state and U.S. averages while labor force growth has
Per capita personal income . . . . . . . . . . . . . . . . . . . 5
been healthy—a sign of confidence in the local economy and a feature not
Commercial real estate . . . . . . . . . . . . . . . . . . . . . . . .7
seen in U.S. or Midwest economies.
Although job growth will likely be slower in 2014 versus 2013, the Region has
already surpassed its pre-Great Recession employment peak—more than two
years ahead of when the nation is expected to do the same. Employment
Airport passengers and cargo . . . . . . . . . . . . . . . . . 7
Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
GDP and inflation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
growth in the near term is likely to be driven by finance, professional services,
Columbus 2020 performance . . . . . . . . . . . . . . . . . 11
education and healthcare.
Notable expansions and locations . . . . . . . . . . . . . 13
Despite fiscal challenges, the private sector economy is healthy, relative to its
Midwestern neighbors. The unemployment rate is expected to decline only
slowly over the next few quarters due to labor force growth partially
The Columbus 2020 economic update for the fourth
quarter of 2013 covers regional economic data and
offsetting job creation. Finally, the housing market will be a bright spot in the
economic development activities year to date, with a
near-term outlook. Home prices are expected to increase by around 4
focus on October to December. The analysis of the
percent in 2014, thanks to high affordability, strong population growth, and
better balance between the supply of and the demand for housing.
regional economy (pages 2 to 10) was prepared by Bill
LaFayette, Ph.D., RegionomicsTM LLC.
Longer term, a diverse industrial base, healthy population growth, a young
and educated workforce and low living and business costs will underpin the
market area's economic potential. Regional transportation and processing
offer Columbus opportunities to exceed expectations.
1
3. QUARTERLY ECONOMIC UPDATE | Q4 2013
EMPLOYMENT, LABOR FORCE, UNEMPLOYMENT RATES
Columbus MSA employment gives back some gains
TOTAL PAYROLL EMPLOYMENT
COLUMBUS REGION UNEMPLOYMENT
RATE
in the fourth quarter: Columbus MSA employment
104
employment fell less than 0.1 percent and U.S.
102
6%
96
4%
94
92
90
2%
9/13
1/13
5/13
9/12
1/12
5/12
9/11
1/11
5/11
9/10
1/10
5/10
9/09
rate fell from 6.6 percent in September to 5.8 in
0%
1/09
-adjusted unemployment
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
Regional unemployment rate declines: The 11-county
5/09
the U.S.
8%
98
9/08
for the MSA, 0.7 percent for Ohio, and 1.7 percent for
100
1/08
growth over the past 12 months was 12,300 (1.3 percent)
12%
10%
5/08
employment increased 0.4 percent. Employment
Index: 1/08 = 100.0
declined 4,800 (0.5 percent) to 963,000. Ohio
December. The December rate was lower than both the
Columbus MSA
7.2 percent Ohio unemployment rate and the 6.7
percent U.S. rate.
The decline in the Columbus Region unemployment rate
Ohio
U.S.
Columbus Region
Ohio
U.S.
Source: Current Employment Statistics, U.S. Bureau of Labor Statistics.
Source: Local Area Unemployment Statistics, Bureau of Labor Statistics.
Seasonal adjustment of MSA employment by Regionomics LLC.
Seasonal adjustment of regional rate by Regionomics LLC.
was driven both by a decline of 4,400 in the labor force
and an increase of 4,200 in the number of employed
residents.
Gap between normal and actual labor force growth
COLUMBUS REGION LABOR FORCE
increases: The difference between reported labor force
1,150
and the level assuming normal growth increased from
1,100
46,000 in September to 53,000 in December.
Thousands
1,050
1,000
950
900
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
Labor force
Labor force, normal growth
Resident employment
Source: Local Area Unemployment Statistics, Bureau of Labor Statistics.
Seasonal adjustment of regional rate by Regionomics LLC.
2
4. QUARTERLY ECONOMIC UPDATE | Q4 2013
EMPLOYMENT BY INDUSTRY
Logistics
8.7%
Manufacturing
7.0%
Leisure &
hospitality
10.1%
Computer
design &
related svcs
1.9%
Finance &
insurance
Healthcare & 6.2%
social
assistance
12.3%
105
100
100
95
90
85
95
90
85
80
75
80
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
Government
16.7%
Professional &
business svcs
14.8%
110
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
Retail trade
9.8%
MANUFACTURING
105
Index: 1/08 = 100.0
Other
12.5%
LOGISTICS: TRANSPORTATION,
WAREHOUSING & WHOLESALE
Index: 1/08 = 100.0
MSA SHARE OF EMPLOYMENT BY INDUSTRY,
DECEMBER 2013
Columbus MSA
Ohio
Columbus MSA
U.S.
Ohio
U.S.
*Excluding computer design and related services.
PROFESSIONAL & BUSINESS SERVICES
COMPUTER DESIGN & RELATED SERVICES
140
Index: 1/08 = 100.0
105
100
95
90
110
130
Index: 1/08 = 100.0
110
120
110
100
105
100
95
90
85
80
80
80
Columbus MSA
Ohio
U.S.
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
90
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
85
Columbus MSA
Ohio
U.S.
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
Index: 1/08 = 100.0
FINANCE & INSURANCE
Columbus MSA
Ohio
U.S.
Source: Current Employment Statistics, U.S. Bureau of Labor Statistics.
Seasonal adjustment of MSA employment by Regionomics LLC.
3
5. QUARTERLY ECONOMIC UPDATE | Q4 2013
EMPLOYMENT BY INDUSTRY (continued)
HEALTHCARE & SOCIAL ASSISTANCE
Charts on pages 2 and 3 show that greater-than-
LEISURE & HOSPITALITY
average quarterly employment gains in logistics and
130
125
95
90
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
the 1.2 percent U.S. increases.
95
9/13
December, a stronger gain than the 1.6 percent Ohio and
100
1/13
5/13
Logistics increased 1,700 (2.0 percent) from last
100
9/12
105
105
9/11
1/12
5/12
and a U.S. gain of 2.5 percent.
115
110
9/10
1/11
5/11
to December 2013, versus an Ohio gain of 1.2 percent
9/09
1/10
5/10
Retail suffered a decline of 3,700 from December 2012
110
1/08
5/08
120
9/08
1/09
5/09
healthcare, government and retail.
115
Index: 1/08 = 100.0
manufacturing, business services, finance and insurance,
Index: 1/08 = 100.0
leisure were more than offset by declines in
Government jobs increased 1,000 over the year (0.6
percent) driven by an increase in state government.
Columbus MSA
Ohio
U.S.
Columbus MSA
Ohio
U.S.
Ohio government employment declined 1.0 percent and
U.S. employment in the sector declined 0.3 percent.
GOVERNMENT
RETAIL TRADE
110
%
%
%
Logistics
+1,500
+1.9
+0.4 +0.5
Manufacturing
-1,200
-1.8
+0.5 +0.5
Professional & business services
-2,500
-1.5
+0.4 +0.6
0
0.0
-0.9 +0.8
Finance & insurance
-800
-1.4
-1.7 +0.1
Healthcare & social assistance
-300
-1.4
+0.2 +0.3
+1,200
+1.2
Computer design & related svcs.
Leisure & hospitality
Government
Retail trade
-900 -0.5
-2,000 -2.0
110
US
105
Index: 1/08 = 100.0
No.
OH
100
95
90
85
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
MSA empl. chg.
Index: 1/08 = 100.0
Industry
105
100
95
90
85
1/08
5/08
9/08
1/09
5/09
9/09
1/10
5/10
9/10
1/11
5/11
9/11
1/12
5/12
9/12
1/13
5/13
9/13
Q4 EMPLOYMENT CHANGE BY INDUSTRY
-1.2 +0.5
-0.8
-0.1
Columbus MSA
Ohio
U.S.
Columbus MSA
Ohio
U.S.
+0.9 +0.9
4
6. QUARTERLY ECONOMIC UPDATE | Q4 2013
COLUMBUS REGION PER CAPITA PERSONAL INCOME
DELAWARE COUNTY
The charts on pages 4 and 5 show Per-Capita Personal
FAIRFIELD COUNTY
44,000
component counties.
60,000
40,000
FRANKLIN COUNTY
2010
2008
2009
U.S.
KNOX COUNTY
46,000
46,000
45,000
45,000
44,000
44,000
44,000
40,000
39,000
38,000
36,000
34,000
Ohio
U.S.
Franklin
U.S.
Knox
Ohio
2010
2008
2009
2007
2011
2012
2010
2009
2007
Ohio
2008
2005
2006
2003
2004
28,000
2001
2011
2012
2010
2008
2009
2007
2005
2006
2004
2002
2003
2001
Region
30,000
36,000
37,000
36,000
32,000
37,000
38,000
2002
38,000
2006
39,000
41,000
2005
40,000
42,000
2004
41,000
40,000
2003
42,000
42,000
43,000
2001
43,000
Constant dollars
Constant dollars
46,000
Constant dollars
Ohio
2012
Fairfield
2012
U.S.
2007
2001
2011
2012
2010
2009
2007
2008
Ohio
2011
COLUMBUS REGION
Delaware
2011
regional average in Licking, Madison and Union counties.
2005
percent since 2009. Growth has also been above the
2006
2001
32,000
2003
30,000
at $64,115, and the Region's best recent growth, at 13.8
34,000
2004
35,000
Delaware County enjoys the highest PCPI in Ohio by far,
2002
36,000
2005
5.4 percent.)
38,000
2006
U.S. average. (Ohio's growth was above average as well, at
45,000
40,000
2003
recovery in PCPI since 2009 far exceeded the 3.8 percent
50,000
42,000
2004
the $43,735 U.S. average. However, the 5.9 percent
55,000
2002
Regional PCPI in 2012 was $42,500, 2.8 percent less than
Constant dollars
residents of the Columbus Region and each of its
46,000
65,000
Constant dollars
Income (PCPI -- adjusted for inflation) since 2001 for
70,000
2002
U.S.
Source: Bureau of Economic Analysis; inflation adjustment by the Consumer Price Index, Bureau of Labor Statistics.
5
7. QUARTERLY ECONOMIC UPDATE | Q4 2013
COLUMBUS REGION PER CAPITA PERSONAL INCOME (continued)
LICKING COUNTY
LOGAN COUNTY
MADISON COUNTY
MARION COUNTY
44,000
44,000
44,000
42,000
42,000
42,000
40,000
38,000
40,000
38,000
36,000
Constant dollars
46,000
Constant dollars
46,000
Constant dollars
46,000
44,000
40,000
38,000
36,000
42,000
40,000
38,000
36,000
34,000
Licking
U.S.
Logan
U.S.
46,000
Ohio
2011
2012
2010
2009
2007
2008
2005
Marion
U.S.
2006
2003
2004
2001
2011
2012
2010
2009
2007
2008
2005
2006
2003
Madison
U.S.
Ohio
UNION COUNTY
46,000
44,000
46,000
44,000
40,000
38,000
36,000
34,000
32,000
Constant dollars
42,000
Constant dollars
42,000
2004
2001
Ohio
PICKAWAY COUNTY
44,000
2002
2011
2012
2010
2009
2007
2008
2005
2006
2003
2004
2001
Ohio
MORROW COUNTY
40,000
38,000
36,000
34,000
32,000
42,000
40,000
38,000
36,000
Ohio
Ohio
2012
2011
2010
2009
2007
2008
2005
Union
U.S.
2006
2004
2002
2003
2011
2012
2010
2009
2007
2008
2005
Pickaway
U.S.
2006
2003
2004
2001
2002
2012
2011
2010
2009
2007
2008
2005
Morrow
U.S.
2006
2003
32,000
2004
28,000
2001
30,000
28,000
2002
30,000
34,000
2001
Constant dollars
2002
2011
2012
2010
2009
2007
2008
30,000
2005
32,000
2006
32,000
2003
32,000
34,000
2004
34,000
2001
34,000
2002
36,000
2002
Constant dollars
46,000
Ohio
Source: Bureau of Economic Analysis; inflation adjustment by the Consumer Price Index, Bureau of Labor Statistics.
6
9. QUARTERLY ECONOMIC UPDATE | Q4 2013
HOUSING
Building permits higher in the fourth quarter.
Building permits issued in the Columbus MSA were up
RESIDENTIAL BUILDING PERMITS,
COLUMBUS MSA
RESIDENTIAL SALES, COLUMBUS MLS
AREA
9,600
a 14.8 percent U.S. increase. Units in multi-unit
2,500
8,000
structures accounted for 63.1 percent of local permits,
but only 42.2 percent of national permits. For the year,
permits were up 33.9 percent locally and 20.1 percent
nationally.
Single-unit permits issued during the fourth quarter
were down 2.8 percent from a year ago, but were up
2,000
1,500
1,000
500
9.5 percent nationally.
Numbner of Sales
3,000
Numbner of Permits
6.9 percent from the same months of 2012, compared to
6,400
4,800
3,200
1,600
0
0
Q1
Home sales in Columbus during the fourth quarter
Q2
2009
off 3.6 percent: Home sales in the Columbus Multiple
2010
Q3
2011
Q4
2012
Q1
Q2
2009
2013
2010
Q3
2011
2012
Q4
2013
Listing Service (MLS) area (larger than and somewhat
different from the Region) totaled 5,579 during the
Source: U.S. Census Bureau.
Source: Columbus Board of Realtors.
fourth quarter, compared to 5,789 in 2012. Sales
nationwide during the quarter were 1.1 percent higher
than last year, and were 2.7 percent higher in the
Midwest. The 26,037 sales during 2013 represented an
CHANGE IN RESIDENTIAL SALES FROM SAME QUARTER PREVIOUS YEAR
increase of 16.4 percent from 2012.
40%
The dollar volume of home sales in the Columbus MLS
30%
area totaled $961 million during the fourth quarter, up
10%
0%
Columbus MLS
-10%
U.S.
-20%
2013-Q4
2013-Q3
2013-Q1
2013-Q2
2012-Q4
2012-Q2
2012-Q3
2012-Q1
2011-Q4
2011-Q3
2011-Q1
2011-Q2
2010-Q3
2010-Q4
2010-Q1
2010-Q2
2009-Q4
2009-Q2
2009-Q3
2009-Q1
2008-Q4
2008-Q2
-30%
2008-Q3
year, $4.549 billion worth of housing changed hands.
20%
2008-Q1
2.5 percent from the same quarter last year. During the
Percent Change
Source: Columbus Board of Realtors, National Association of Realtors.
8
10. QUARTERLY ECONOMIC UPDATE | Q4 2013
HOUSING (continued)
House prices in Columbus higher year-over-year:
Columbus MSA house prices in the third quarter were up
5.4 percent from a year earlier, compared to gains of 4.3
percent in Ohio and 8.4 percent at the national level.
The local change ranked 49th among the 64 million-plus
regions in the U.S.
Columbus MSA house prices erase declines: The FHFA
index showed a 0.9 percent net gain for from the pre-
recession house price peak in the first quarter of 2007.
Of the 64 major MSAs, 17 others have surpassed their
previous peak.
MSA HOUSE PRICE CHANGE, 1ST QUARTER 2007 TO 3RD QUARTER 2013
Austin
Pittsburgh
Oklahoma City
Indianapolis
Nashville-Davidson
Columbus
Raleigh
Charlotte
Cincinnati
Kansas City
United States
St. Louis
Cleveland
Milwaukee
Minneapolis
San Diego
Detroit
Chicago
Jacksonville
0.9%
-11.6%
-40%
FHFA HOUSE PRICE INDEX, 1ST QUARTER 2007 3RD QUARTER 2013
100
95
90
85
80
Columbus MSA
Ohio
Source: Federal Housing Finance Agency House Price Index.
U.S
2013-Q1
2012-Q3
2012-Q1
2011-Q1
2011-Q3
2010-Q1
2010-Q3
2009-Q1
2009-Q3
2008-Q1
2008-Q3
2007-Q1
75
2007-Q3
Index: 1st Qtr. 2007 = 100.0
105
-30%
-20%
-10%
0%
10%
20%
30%
MSA HOUSE PRICE CHANGE, 2ND QUARTER 2011 TO 3RD QUARTER 2013
Detroit
San Diego
Austin
Charlotte
Minneapolis
Nashville-Davidson
Columbus
United States
Kansas City
Indianapolis
Jacksonville
Oklahoma City
Pittsburgh
St. Louis
Chicago
Cincinnati
Raleigh
Cleveland
Milwaukee
12.0%
11.1%
0%
5%
10%
15%
20%
25%
30%
35%
9
11. QUARTERLY ECONOMIC UPDATE | Q4 2013
GDP AND INFLATION
Growth in U.S. GDP slower in the fourth quarter but
HISTORIC AND FORECAST U.S. GDP; HISTORIC PERSONAL CONSUMPTION
better balanced.
of Consumer Sentiment slipped slightly to 81.2 in
2014-Q4
2014-Q3
2014-Q2
2014-Q1
2013-Q4
2013-Q3
2013-Q2
2013-Q1
2012-Q4
The Thomson Reuters/University of Michigan Index
2012-Q2
government spending.
2012-Q3
-2%
2010-Q1
that in the third quarter if not for a dropoff in
2012-Q1
exports in three years. Growth would have matched
Personal Cons.
Exp.
0%
-1%
2011-Q4
saw the strongest growth in consumption and
GDP
1%
2011-Q3
elsewhere was muted. In contrast, the fourth quarter
2%
2011-Q2
due to inventory accumulation while growth
3%
2011-Q1
percent, but a substanial share of that growth was
2010-Q4
growth was down from the third quarter's 4.1
5%
4%
2010-Q3
percent annual pace in the fourth quarter. This
6%
2010-Q2
U.S. Gross Domestic Product (GDP) grew at a 3.2
Annualized Change (Percent)
Source: U.S. Bureau of Economic Analysis, Wall Street Journal Economic Forecasting Survey.
January after a strong showing in November and
December.
U.S. GDP growth to improve through 2014: The
January Wall Street Journal economic forecasting survey
expected a slight drop in GDP growth in the first quarter,
CPI INFLATION, LARGE MIDWEST CITIES
but then an increase to 3.0 percent by year-end. In an
2%
All items
2%
Excl. food &
energy (core)
1%
1%
2013-Q4
2013-Q3
2013-Q2
2013-Q1
2012-Q4
2012-Q3
2012-Q2
2012-Q1
2011-Q4
2011-Q3
0%
2011-Q2
energy) fell from 1.8 percent to 1.5 percent.
3%
2011-Q1
fourth quarter. Core inflation (excluding food and
3%
2010-Q4
Overall inflation fell to 0.9 percent from 1.4 percent in the
2010-Q3
4%
2010-Q2
than too high.
4%
2010-Q1
believed that their forecast was more likely to be too low
Annualized Change (Percent)
encouraging note, 74 percent of the economists polled
Source: Consumer Price Index (CPI-U), U.S. Bureau of Labor Statistics
10
12. QUARTERLY ECONOMIC UPDATE | Q4 2013
COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-DEC 2013
In 2013, Columbus 2020 added 215 new projects to the
NUMBER OF PROJECTS STARTED
(2012 v. 2013)
FIRST-TIME VISITS (2012 v. 2013)
pipeline and hosted 58 first-time visits from companies
50
40
25
25
20
20
27
27 24
21 20
18
12
11
18 17
16
20
13
9
23
15
17
12
7
10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
120
2013
100
85 82
68 70
58 54 57
64
89
57
85
81
86
69
68
64
55
49 52
80
78
77
75
60 62
57
67
60
59 56
40
50 54
60
40
20
20
Dec
Oct
Nov
Sep
Jul
Aug
Jun
May
Mar
Apr
Feb
Dec
Oct
Nov
Sep
Jul
Aug
Jun
May
Mar
Apr
Feb
Dec
Jan 2013
Oct
Nov
Sep
Dec
0
0
Aug
services with 33 percent.
60
3
2
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan 2013
of December, followed by headquarters and business
44
96
80 82
80
3
PROJECTS ACTIVE AT END OF EACH MONTH
BY SECTOR
103
90
Jul 2012
Manufacturing represented 39 percent of projects at the end
7
6 6
5
4
0
Oct
100
4
2012
December 2013. Since September 2013, the numbers are
how a project is classified as active.
4
5
4
2
2013
PROJECTS ACTIVE AT END OF EACH MONTH
affected by the application of more stringent standards on
6
8
7
6
Nov
Columbus 2020 had 116 active projects at the end of
6 6
5
3
0
2012
10
9
28
Sep
30
11
12
30
Aug
December showed a spike in activity.
15
44
generally fewer new projects started than last year,
Jul 2012
and/or their location consultants. Although there were
Manufacturing
Existing
New
HQ & Business Services
Logistics
Science & Technology
11
13. QUARTERLY ECONOMIC UPDATE | Q4 2013
COLUMBUS 2020 PERFORMANCE | DEVELOPMENT ACTIVITIES JAN-DEC 2013
In the fourth quarter of 2013, the Columbus 2020 team
2013 Q4 COMPLETED ACTIVITIES
2014 Q1 PLANNED ACTIVITIES
EXISTING BUSINESS VISITS CONDUCTED BY
SECTOR
EXISTING BUSINESS VISITS CONDUCTED BY
PLACE
traveled across the U.S. and the globe, visiting 12 U.S. cities
and the UK, Germany, Canada and Mexico. Visits included
business development missions, industry conferences,
existing headquarter visits and consultant and active project
calls.
In the first quarter of 2014, the Columbus 2020 team will
visit 11 U.S. cities, as well as international trips to the UK and
Canada.
Larger share of retention visits to manufacturers
The Columbus 2020 team and our local economic
development partners conducted a combined total of 381
120
2011
45%
15%
17%
24%
visits to businesses in the Region during 2013.
100
80
60
2012
44%
28%
12%
16%
20
Logistics
Science & Technology
Columbus 2020
Local ED Partner
Rest of Region
HQ & Business Services
Knox County
Manufacturing
Rest of Delaware County
compostition of visits in 2013 was similar to 2012.
0
Rest of Franklin County
15%
Gahanna
15%
Worthington
23%
Westerville
47%
Delaware
2013
Dublin
headquarters and business services companies had the most
visits, with 21 and 20, respectively. Overall, the industrial
40
Columbus
In the fourth quarter of 2013, manufacturing and
Both
12
14. QUARTERLY ECONOMIC UPDATE | Q4 2013
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2013
ED PROJECT ANNOUNCEMENTS BY
SECTOR
Columbus 2020 tracks economic development project announcements
ED PROJECT ANNOUNCEMENTS - JOB
CREATION
in the Columbus Region. In 2013, there were 89 project announcements
yielding 8,931 jobs created or retained.
Manufacturing projects represented 38 percent of projects announced
6,000
2011
44%
25%
12%
19%
in 2013, a share 5 percentage points higher than in 2012.
5,366
5,000
4,000
2012
International projects comprise 20 percent of announcements in 2013,
33%
35%
20%
12%
19%
11%
similar to 2012.
2013
38%
32%
2,571
3,000
2,000
994
1,000
Manufacturing
Logistics
0
HQ & Business Services
Science & Technology
ED PROJECT ANNOUNCEMENTS, COUNT
BY MUNICIPALITY
Attract
Expand
Retain
ED PROJECT ANNOUNCEMENTS, COUNT
BY PLACE
35
30
30
25
21
20
15
15
15
10
7
5
0
Columbus
Dublin
Westerville
Rest of
Franklin
Rest of
Region
13
15. QUARTERLY ECONOMIC UPDATE | Q4 2013
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2013
(BOLD = Projects announced in Q4 2013)
COMPANY
DESCRIPTION
CITY
CTY.
NO. JOBS
TYPE
Acceptd, Inc.
Web-based video application database for arts college programs
Columbus
Franklin
19
Expansion
Ace Hardware Corporation
Hardware retailer
West Jefferson
Madison
100
Attraction
AcuSport Corporation
Sporting goods distributor
Bellefontaine
Logan
10
Expansion
AGC Glass Company North America, Inc.
Glass manufacturer for auto makers
Bellefontaine
Logan
20
Expansion
Alliance Data Systems Inc.
Back office
Westerville
Franklin
140
Expansion
American Howa Kentucky
Transportation equipment manufacturer
Delaware
Delaware
60
Expansion
American Wire Technologies, Inc.
Components for household appliances, primarily for Whirlpool
Marion
Marion
26
Expansion
AmerisourceBergen Corporation
Distributor and wholesaler of pharmaceutical products
Lockbourne
Franklin
100
Expansion
AMG Industries, Inc.
Automotive assemblies, exhaust tips
Mt. Vernon
Knox
10
Expansion
Retention/Expansion
Ascena Retail Group, Inc.
Apparel retailer
New Albany
Licking
251
Avnet, Inc.
Aftermarket services for the technology supply chain
Groveport
Franklin
625
Retention/Expansion
Bank of America Corporation
Commercial lending in the health care sector
Westerville
Delaware
38
Expansion
Cellco Partnership (Verizon)
Information services and software
Hilliard
Franklin
2,000
Retention/Expansion
Century Insurance Group
Financial services
Westerville
Franklin
27
Expansion
Cheryl & Co.
Gourmet cookies, desserts, baked goods and gift baskets
Westerville
Delaware
92
Expansion
Compass Datacenters
Wholesale colocation data center
New Albany
Franklin
26
Attraction
Coyne Graphic Finishing
Manufacturer of product displays
Mt. Vernon
Knox
6
Expansion
Cyclone Power Technologies
Developer of cyclone engine
Lancaster
Fairfield
84
Attraction
Decillion Healthcare
Specialty pharmacy
Dublin
Franklin
18
Attraction
Diamond Hill Capital Management, Inc.
Financial services
Columbus
Franklin
10
Expansion
Duet Health
Information services and software
Columbus
Franklin
22
Expansion
Dynamit Technologies LLC
Technology services and software
Columbus
Franklin
55
Retention/Expansion
TBD
TBD
95
Expansion
Exel Direct
Expedient Data Centers
Information services and software
Upper Arlington
Franklin
4
Expansion
Ezdure Bamboo Products (USA) LLC
Bamboo flooring
Dublin
Franklin
8
Attraction
FCX Performance, Inc.
Distributor of process flow equipment
Columbus
Franklin
34
Retention/Expansion
Fillmore Capital Partners
Fund management and investment services
Worthington
Franklin
3
Expansion
14
16. QUARTERLY ECONOMIC UPDATE | Q4 2013
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2013
(BOLD = Projects announced in Q4 2013)
COMPANY
DESCRIPTION
CITY
CTY.
NO. JOBS
TYPE
Goodyear Tire and Rubber Company
Rubber product manufacturing
Hebron
Licking
32
Attraction
G-TEKT North America Corporation
R&D for structural body parts for motor vehicles
Dublin
Franklin
77
Attraction
G-TEKT North America Corporation
Structural body parts of motor vehicles
West Jefferson
Madison
23
Attraction
Harris, Mackessy & Brennan Inc.
IT consulting
Westerville
Delaware
75
Expansion
Harry and David
Direct marketing and e-commerce
Hebron
Licking
18
Expansion
HD Supply Facilities Maintenance Ltd.
Supplier to commercial residential projects
Groveport
Franklin
120
Retention/Expansion
HealthSpot, Inc.
Health care stations
Dublin
Franklin
60
Expansion
50
Expansion
Highlights for Children, Inc.
Children's educational books
Columbus
Franklin
HL-A Co., Inc
Automotive
Marysville
Union
10
Expansion
Union
50
Expansion
Honda of America Mfg., Inc.
Production of Honda Accord Sedan and Coupe and Acura TL.
Marysville
International Engineering Group LLC
Plastic injection molds
Hilliard
Franklin
27
Expansion
ISS America, Inc.
Manufacturer of park plug cylinders
Bellefontaine
Logan
20
Expansion
JELD-WEN, Inc.
Manufacturer of vinyl windows and doors
Mt. Vernon
Knox
135
Expansion
JPMorgan Chase
Financial services
Dublin
Franklin
500
Expansion
Komar Industries, Inc.
Compactors and shredders
Groveport
Franklin
36
Expansion
Kroger Co.
Kroger Pharmacy's central fulfillment site
Columbus
Franklin
126
Retention/Expansion
Lifestyle Communities
Developer and operator of luxury apartment complexes
Columbus
Franklin
26
Expansion
LSP Technologies, Inc.
Developer of materials-processing technology for aerospace and power generation OEMs Dublin
Franklin
20
Expansion
Attraction
lululemon athletica inc
Consumer products
Columbus
Franklin
170
Management and Network Services
Health-care management company
Dublin
Franklin
164
Expansion
Marne Plastics, LLC
Manufacturer of plastic and rubber products
Columbus
Franklin
3
Expansion
Matrix Powder Technology, LLC
Manufacturer of advanced powder coating resins
Columbus
Franklin
15
Attraction
MBA Focus
Recruitment technology solutions
Dublin
Franklin
4
Expansion
Mediu LLC
Call center, consulting services provider
Worthington
Franklin
18
Expansion
Mitsuba Corporation
Motor vehicle parts manufacturing
Dublin
Franklin
3
Attraction
Molina Healthcare, Inc.
Health care providers
Columbus
Franklin
300
Expansion
Moriroku Technology North America
Scientific and technical services
Marysville
Union
82
Retention/Expansion
15
17. QUARTERLY ECONOMIC UPDATE | Q4 2013
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2013
(BOLD = Projects announced in Q4 2013)
NO. JOBS
TYPE
188
Expansion
COMPANY
DESCRIPTION
CITY
CTY.
National Church Residences
Head office of housing nonprofit organization
Upper Arlington
Franklin
Navidea Biopharmaceuticals
Biopharmaceuticals
Dublin
Franklin
60
Retention/Expansion
NEX Transport Inc.
Logistics services
East Liberty
Logan
90
Retention/Expansion
Novotec Recycling LLC
Recycled materials
Columbus
Franklin
235
Retention/Expansion
OneKreate
Marketing/communications
Columbus
Franklin
NA
Attraction
Oxford Consulting Group, Inc.
IT consulting
Dublin
Franklin
50
Expansion
Perceptionist
Small business call center services
Westerville
Franklin
46
Expansion
30
Attraction
Persistent Systems Ltd.
Software product engineering and development
Dublin
Franklin
Phoenix Electrotek
Manufacturer of wiring harnesses and cable assemblies
Lancaster
Fairfield
25
Expansion
40
Expansion
Pillar Technology Group, LLC
Strategic business consultant and software developer
Columbus
Franklin
Precision CNC
Metal parts for consumer goods or machines
Lancaster
Fairfield
9
Expansion
Print Syndicate LLC
E-commerce of custom design t-shirts and products
Columbus
Franklin
165
Retention/Expansion
Prospex LLC
Lead generation firm
Dublin
Franklin
27
Expansion
Rudolph Brothers & Co
Distributor of adhesives, sealants, and coatings
Canal Winchester
Fairfield
NA
Expansion
Safelite Group, Inc.
Headquarters, contact center, and automotive glass shops
Columbus
Franklin
350
Expansion
SK Foods
Food manufacturing and distribution
TBD
TBD
253
Attraction
Spectrum Commercial Coatings
Full service commercial and industrial coating contractor
Columbus
Franklin
30
Expansion
SpeedFC, Inc.
End-to-end e-commerce services
Etna Township
Licking
492
Retention/Expansion
Stanley Electric U.S. Co.
Automotive parts manufacturer
London
Madison
150
Expansion
Tarrier Foods Inc.
Manufactures candy toppings
Columbus
Franklin
25
Expansion
Team Gemini LLC
Renewable energy, landfill digester
Grove City
Franklin
80
Attraction
Teleperformance
Customer contact center
Westerville
Franklin
246
Expansion
Thomas & Marker Construction Co.
Construction company
Upper Arlington
Franklin
12
Expansion
Tosoh SMD
Advanced manufacturing
Grove City
Franklin
40
Expansion
Toyo System
Rechargeable battery testing systems
Columbus
Franklin
8
Attraction
Toyobo Co. Ltd.
Automotive manufacturing
Dublin
Franklin
3
Attraction
Traycer Diagnostic Systems Inc.
Information services and software
Columbus
Franklin
20
Expansion
16
18. QUARTERLY ECONOMIC UPDATE | Q4 2013
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2013
(BOLD = Projects announced in Q4 2013)
COMPANY
DESCRIPTION
CITY
CTY.
NO. JOBS
TYPE
UMD Automated Systems
State-of-the-art material handling and conveyor systems
Fredericktown
Knox
20
Expansion
Union Tank Car Company
Railroad tank car manufacturer and repair
Marion
Marion
30
Expansion
Updox LLC
Information services and software
Dublin
Franklin
37
Expansion
Village of Mt. Sterling
Brownfield site redevelopment
Mt. Sterling
Madison
15
Expansion
Westerman, Inc.
Oil and gas storage tanks
Bremen
Fairfield
24
Expansion
Wyandot Inc.
Snack foods
Marion
Marion
40
Expansion
xperion E & E USA LLC
Composite parts manufacturer for the automotive sector
Heath
Licking
59
Attraction
Franklin
40
Expansion
Zipline Logistics LLC
Logistics service provider
TBD
17