The document provides an economic update for the Columbus region in October 2013. It summarizes 14 business projects that started in October and 187 year-to-date. It also reports 7 first-time visits in October and 51 year-to-date. Charts show trends in business projects, visits, and other economic indicators. The update outlines business attraction, expansion, and creation activities along with regional economic data for employment, real estate, and housing sales.
2. COLUMBUS 2020 MONTHLY UPDATE | OCTOBER 2013
PROJECTS OCTOBER 2013 AND YEAR-TO-DATE
OCTOBER 2013 PERFORMANCE
NUMBER OF PROJECTS STARTED
(2012 vs. 2013)
FIRST-TIME VISITS (2012 vs. 2013)
OCTOBER 2013
14 projects started
15
50
44
12
- 187 year to date
40
7 first time visits
27
27 24
30 25
25
2120
19
19
- 51 year to date
20
11
30
9
23
20
18 17
16
14 14
13
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013
6 6
5
6
7
2012
10
9
28
10
11
3
6
4
4
8
7
5
4
2
3
6 6
5
4
7
4
2
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012
2013
PROJECT FLOW
Existing business
projects started
since Jan 2013:
96
Closed:
33
Won: 16
Active:
59
New business
projects started
since Jan 2013:
92
Sales: 43
Lost: 17
Offer Made: 10
Under Negotiation: 6
Won: 55
Closed:
65
Active:
31
Lost: 10
Offer Made: 3
Under Negotiation: 19
Sales: 9
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3. COLUMBUS 2020 MONTHLY UPDATE | OCTOBER 2013
ACTIVE PROJECTS AS OF OCTOBER 31, 2013
TOTAL ACTIVE PROJECTS
(134 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
35
30
18%
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
27
20%
25
20
42%
12
15
18%
64%
58%
15
10
2
5
80%
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
57
6%
50
8%
40
21
30
20
10
86%
0
Suspect
Prospect
Suspects = Projects identified and
qualified via direct dialogue with the
company or consultant representing the
company.
Columbus 2020
Local ED partners
45
40
35
30
25
20
15
10
5
0
39
21
36%
16
64%
2
Domestic
International
JobsOhio
Prospects = Projects qualified,
parameters defined and the company or
consultant has visited the Region.
2
4. COLUMBUS 2020 MONTHLY UPDATE | OCTOBER 2013
BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
OCTOBER 2013 COMPLETED ACTIVITIES
Los Angeles: The 2020 team attended the Silicon Beach Investor
Conference and networked with leaders in digital media and
emerging technologies from around the world.
Las Vegas: The 2020 team attended the CBRE Americas Summit,
participating in economic development sessions and meeting with
site selection consultants.
Atlanta & Indianapolis: The 2020 team traveled to Atlanta to hold
meetings with site selection consultants and traveled to Indianapolis
for an active project meeting.
Chicago: The 2020 team attended the Women in Economic
Development Forum and the DMA Annual Conference for data driven marketing.
Cleveland & Buffalo: The 2020 team attended the Cleveland Clinic
Annual Healthcare Conference in Cleveland and the Bright Venture
Forum in Buffalo.
Philadelphia & Washington, D.C.: The 2020 team attended two
economic development conferences, the IEDC Conference in
Philadelphia and the SelectUSA Conference in Washington, D.C.
Toronto: The 2020 team met with Canadian manufacturers as well
as service providers focused on cross-border investment.
New York City: The 2020 team participated in a market visit along
with JobsOhio to meet with site selection consultants and promote
Ohio and the Columbus Region.
NOVEMBER 2013 PLANNED ACTIVITIES
BUSINESS DEVELOPMENT MISSIONS:
Dallas, New York
INTERNATIONAL ACTIVITIES:
Germany, United Kingdom, Mexico
3
5. COLUMBUS 2020 MONTHLY UPDATE | OCTOBER 2013
BUSINESS RETENTION & EXPANSION | OCTOBER 2013
BUSINESS DEVELOPMENT
VISITS CONDUCTED BY LOCATION
OCTOBER 2013 Performance:
VISITS CONDUCTED BY SECTOR
25
10
8
28 Visits in October (349 YTD)
20
8
15
6
Visits conducted by:
5
4
4
18%
39%
15
5
3
3
10
2
5
0
Columbus
2020 only
8
3
0
2
Local ED
partner only
43%
Both 2020
and LEDO
CASE STUDY: CHERYL'S
-based company
now owned by the 1-800-Flowers Family of Brands, has
announced it will double its production capacity in
response to high customer demand. In addition to
expanding its current facility by 42,000 square feet, the
roster over the next three years.
Jobs:
92 created
Investment:
$8.3 million
Facilities:
company will add 92 new jobs to its 160-employee
Manufacturing
Known for its freshfounded more than 30 years ago in the Columbus
Region by Cheryl Krueger and her college roommate.
-based retail stores,
an e-commerce site and a catalog-driven Business Gift
Division
all from its headquarters in Westerville.
4
6. COLUMBUS 2020 MONTHLY UPDATE | OCTOBER 2013
BUSINESS CREATION
NEW BUSINESS REGISTRATION*
BUSINESS DISSOLUTIONS,
SURRENDERS, WITHDRAWALS
PATENTS BY REGION INVENTORS
& ASSIGNEES
300
1500
80
84
83
72
250
1250
1,114
1,140
1,114
1,020
1000
200
180
199
176
170
150
30
100
28
20
750
20
50
500
0
Jun
Jul
Aug
Sep
Jun
Jul
Aug
Sep
Inventor
June
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
July
August
September
Source: U.S. Patent and Trademark Office
CASE STUDY: PREVEDERE
Prevedere, a Dublin-based predictive analytics startup,
recently raised $1.2 million in seed round financing. The
company provides software that can combine a business'
proprietary data with external economic data to aid
forecasting and planning. Customers in the Columbus
Seed round investment: $1.2 million
Region include Momentive Specialty Chemicals and
Advanced Drainage Systems.
With seed funding in place to support the current staff of six
employees and four interns, Prevedere is looking toward
Series A financing to bring staff to 30 employees over the
next 18 months and 150 over the next five years.
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7. COLUMBUS 2020 MONTHLY UPDATE | OCTOBER 2013
ECONOMIC DEVELOPMENT NEWS
COLUMBUS IN THE NEWS
TRANSPORTATION & INFRASTRUCTURE
POLICY & ADVOCACY
Ohio No. 4 in state business climate rankings
New $120M state fund for locally owned bridges
Ohio Medicaid expansion
On October 31, Governor Kasich announced a first-
On October 21, the state's General Assembly on the
of-its-kind $120 million effort to repair and replace
Controlling Board approved the spending of $2.56
county and municipality-owned bridges over the
billion in federal funds to expand Medicaid
next three years. Work is expected to begin on the
coverage to about 275,000 low-income Ohioans.
first 40 bridges next year, 11 of which are in the
The expansion will take effect at the start of 2014.
Site Selection ranks Ohio among the top states for business
based on capital investments, taxes, competitiveness and a
survey of executives. http://bit.ly/1efbwjZ
Columbus a Smart21 city for the third year in a row
The Intelligent Community Forum selected the city of
Columbus Region.
Columbus as one of the world's Smart21 communities of
In January 2013, the Columbus Chamber was the
The Ohio Department of Transportation will work
first business organization in Ohio to express
with local officials to identify the remaining bridges
support for the expansion of Medicaid. Responsible
Columbus in top 10 for affordable housing markets
to repair or replace in the following years. Bridges
Medicaid coverage moves individuals to more
Trulia, the residential property listings web site, ranks
will be selected based on a variety of factors
appropriate, lower-cost healthcare, reducing the
Columbus No. 9 among the 100 largest U.S. metro areas in
including safety and importance to local job creation
burdens currently borne by employers, hospitals
the percent of homes available to the middle class.
efforts. The state anticipates that more than 200
and the Region's citizens in the form of higher
http://bit.ly/1c2eMeY
bridges will be repaired or replaced over the course
health insurance costs.
2014. http://bit.ly/1hnNAL7
of the program.
For all of the latest news, visit:
http://columbusregion.com/Media-center/Recent-
News.aspx
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8. COLUMBUS 2020 MONTHLY UPDATE | OCTOBER 2013
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (August 2013)
NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 8/3/13 TO WEEK ENDING 10/26/13)
Continuing
6.5% (-0.3)
Madison
18,916 (+225)
6.2% (-0.0)
Franklin
593,931 (+6,880)
7.7% (+0.0)
Pickaway
22,785 (+267)
1,400
12,000
1,200
11,000
1,000
7.1% (+0.5)
Licking
80,154 (+971)
6.4% (-0.1)
Fairfield
70,942 (+848)
10/26
10/19
10/12
10/5
0
9/28
200
9/21
400
7,000
9/14
600
8,000
9/7
800
9,000
6,000
7.2% (+0.3)
Knox
27,249 (-516)
8/31
10,000
8/24
5.7% (+0.0)
Union
25,796 (+313)
5.3% (+0.1)
Delaware
91,655 (+1,118)
1,600
13,000
7.4% (+0.2)
Morrow
16,045 (+195)
1,800
14,000
8/17
7.8% (+0.3)
Marion
26,610 (-769)
2,000
15,000
6.7% (-0.2)
Logan
21,517 (-15)
Number
employed
residents
(Aug 2013)
New
16,000
8/10
Change
from
Aug 2012 to
Aug 2013
8/3
Unemployment
rate
(Aug 2013)
Source: Ohio Department of Job and Family Services
COMMERCIAL REAL ESTATE
(AS OF OCTOBER 31)
Use
Vacancy
Rate
Direct
Asking Rent
(per sf)
Office
14.9%
7.5%
9.3%
$9.88
1,968
2,226
$2.97
Retail
$168K $175K
2,861
2,744
2,617 2,675
$15.48
Industrial
HOUSING SALES
Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted
Note: The release of BLS data for September is delayed due to the
federal government shutdown.
New
Listings
In
Contracts
Sep 2012
Source: Xceligent
Closed
Sales
Average
Sales Price
Sep 2013
Source: Columbus Board of Realtors
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