Columbus 2020's Annual Report includes facts and figures on job growth in Columbus, major projects completed in 2011, and everything else you want to know about Columbus economic development.
1. 2011 ANNUAL REPORT
_ About Columbus 2020
_ 2011 in Review
_ Economic Development System
_ Successes
_ New Business Development Activity
_ Columbus Region Economic Sectors
_ Columbus Region Logistics Council
_ Highlights & Accomplishments
_ Statement of Cash Flow
_ Statements of Financial Position
_ Statement of Activities
_ Board of Directors
Click a Section Above to View
2. 2011 ANNUAL REPORT
ABOUT COLUMBUS 2020: A REGIONAL STRATEGY FOR GROWTH TO MEET OUR ECONOMIC TIMES About Columbus 2020
2011 in Review
Columbus 2020 is a bold public-private partnership that leverages the strengths of The Columbus Region’s talented
workforce, small and large businesses, research and academic institutions, and international connections to ignite Economic Development System
economic growth and build a healthier, more sustainable future for Central Ohio. Successes
The initiative grows our economy by ensuring that our existing companies are growing and thriving, that the world´s New Business Development Activity
leading companies are attracted to the region, that innovations are cultivated and commercialized, and that our civic Columbus Region Economic Sectors
infrastructure is continually improving to meet the challenges of a rapidly evolving world economy.
Columbus Region Logistics Council
This unique public-private partnership leverages dollars raised from the private sector and places the Columbus Region Highlights & Accomplishments
in a competitive position from which it can staff a professional economic development team to market the region and
Statement of Cash Flow
provide solutions to local businesses.
Statements of Financial Position
Statement of Activities
Goals:
Board of Directors
— Add 150,000 net new jobs by 2020
— Increase personal per capita income by 30%
— Add eight billion dollars of capital investment
— Be recognized as a national leader in economic development
The Plan:
Columbus 2020 is focused on four core pillars of economic development:
1. Retain and expand the companies and industries that call Central Ohio home today
2. Attract major employers to establish operations in Central Ohio
3.
Create more commercial enterprises by leveraging the region’s research assets
and entrepreneurs
4.
Improve the civic infrastructure and political conditions that enhance the economic
development environment
3. 2011 ANNUAL REPORT
2011 IN REVIEW About Columbus 2020
2011 in Review
Columbus 2020’s leadership insisted on having a bias for action in its first year of operation. The first priority was to build a team
of professionals to lead the effort and to collaborate with the various state and local economic development groups. Economic Development System
Secondly, it was important that a board of directors be put in place to lead the public-private partnership. Successes
Finally, it was critical that the strategy include a sustainable funding model and engage an inclusive group of local governments and New Business Development Activity
private-sector companies to fund the strategy.
Columbus Region Economic Sectors
Operationally, the team’s focus was to reach out to local businesses. Along with its local economic development allies in the region’s Columbus Region Logistics Council
11 counties, more than 500 companies were interviewed face to face about their challenges and opportunities for growth. The goal of this
outreach was to better understand the region’s economic base, connect companies with their peers and make them aware of state and Highlights Accomplishments
local programming available to support them.
Statement of Cash Flow
The Columbus 2020 team set a new standard for marketing the region nationally and internationally, with more than 40 business missions Statements of Financial Position
to talk with developing businesses and location advisers in 25 states and six countries. The team uncovered more than 150 qualified
projects, hosted nearly one new company per week to investigate the region firsthand and participated in dozens of projects that have Statement of Activities
announced expansions and new jobs in central Ohio.
Board of Directors
To help foster entrepreneurship in the region, Columbus 2020 collaborated with TechColumbus to create the First Customer initiative,
which connects technology and biomedical startups with larger companies and institutions in the region. Although the program is in its
early stages, more than 30 Columbus-based entrepreneurs have been engaged thus far. One success story is AKOTA Technologies, whose
software tool has landed a trial engagement with a major healthcare organization as a result of the First Customer initiative.
Although Columbus 2020 had a productive year in 2011, its leaders want to continue the momentum throughout 2012 and beyond.
Broadly, we want the Columbus Region to be recognized as a leader in economic development. With one year down, we think we’re
headed in the right direction.
Kenny McDonald
Chief Economic Officer
4. 2011 ANNUAL REPORT
CURRENT
ECONOMIC DEVELOPMENT SYSTEM — REORGANIZED AND RE-ENERGIZED
JOBSOHIO + About Columbus 2020
Columbus 2020
2011 in Review
2011-2012
Economic Development System
- Statewide collaboration
Successes
- State project management
With - Multi-Region Collaboration New Business Development Activity
Columbus 2020 - Expanded to an
Columbus Region Economic Sectors
2010-2011 11-county region
Columbus Region Logistics Council
- Outreach to location advisors - Outreach to location advisors Highlights Accomplishments
- International marketing - International marketing
Statement of Cash Flow
- Hosting of location advisors - Hosting of location advisors
Statements of Financial Position
- Regional branding/imaging - Regional branding/imaging
Statement of Activities
- Coordination with 8 counties - Coordination with 8 counties
- First Customer program - First Customer program Board of Directors
- OSU/Battelle collaboration - OSU/Battelle collaboration
- ollaboration with Local
C - Collaboration with Local
Economic Development Economic Development
Before Organizations Organizations
Columbus 2020 - MODE Collaboration - MODE Collaboration
2009 - Valuable economic research - Valuable economic research
- General Marketing - General Marketing - General Marketing
- Earned Media - Earned Media
- Earned Media
- Prospect Management
- Prospect Management - Prospect Management
- 3 Full Time Professionals
5. 2011 ANNUAL REPORT
SUCCESSES About Columbus 2020
2Checkout.com CSX Transportation Inc. Janova Progressive Medical 2011 in Review
Abercrombie Fitch DariFill, Inc. Jeyes Prosper Business Development
Economic Development System
Accel DataCenter.BZ JPMorganChase Rich’s Products
Access America Transport Delta Energy Kern, Inc. Rimrock Corp. Successes
Aeroflex High Speed Test Solutions Diamond Innovations Knowlton Development Corp. SB Capital Group
Airgas Great Lakes Inc DSW Inc Kraft Foods/ Schenker Schwarz Paper Co. New Business Development Activity
Alcatel Lucent Duncan Simonette Lakeshore Cryotronics, Inc. SCR-Tech LLC
Columbus Region Economic Sectors
Alene Candles Elmer’s Management Limited Brands Inc. Sedgwick CMS
Aleris Rolled Products Inc Emanagement Ltd. (dba Einformatics) ManPower Professional Sika Corp. Columbus Region Logistics Council
Algaeventure Systems, Inc. Equity Resources Manta Media Inc. Simonton Building Products, Inc.
American Howa Exel Meadowbrook Meat Co Smart Bill Highlights Accomplishments
Anomatic ExpressPoint Technology Services Mediu, Inc. Socius
Statement of Cash Flow
Aoki F.T. Precision Mettler Toledo Sonoco Plastics
Apelles, Inc. FacilitySource Midwest Express Inc. St. Ann’s Hospital Statements of Financial Position
Ares Sportswear Ltd Fast Switch Momentive Performance Materials Stanbury Development
ArmourSource Fine Line Graphics Corp. Morgan Stanley Smith Barney Staples Statement of Activities
Armstrong World Industries Frank Brunckhorst Company, LLC Nationwide Children’s Hospital Star Dynamics Corporation
Board of Directors
Arnett Foster PLLC General Data Company Nationwide Insurance Star Wipers
Axium Plastics GenPak LLC Netsmart Technologies Sterling Commerce
Bins LLC GFS Chemicals Inc. Nissen Chemitec Stewart Ratcliff Aviation Services Inc.
BMW Financial Services Green Gourmet Nutis Press Inc. Teleperformance
Bob Evans Harry David OhioHealth The Orchard Company
Brickman Facility Solutions LLC Health Spot Optimum Plastics Inc. Thirty-One Gifts LLC
Brickman Group HealthCare DataWorks Inc. Oxford Consulting Group Tower Wireless
Cardington Yutaka Technologies, Inc. Honda Pacer International Inc. TransMap Corp
Carmel Pharma Honda RD Americas PACS Turner Construction
Carr Supply Inc. Infomotion Sports Technologies Pactiv Union Supply Co./Food Express
Catalina Tempering Insight Bank PercuVision LLC United Retirement Plan Consultants
Celartia, Ltd. Insight Global Pet People Updox
Central Ohio Urology Group Inventiv Communications/ GSW PharmaForce Vee Pak of Ohio
Citi Fund Services Ohio, Inc. Iosil Energy Corporation Polymera, Inc. We Create Goodness LLC
Columbia Gas JK Futures, LLC dba Primrose of Gahanna Portfolio Creative Wendy’s
Cover My Meds LLC J.E.S Wholesale Premium Beverage Znode, Inc.
Progressive Insurance Zulily
Continued
6. 2011 ANNUAL REPORT
SUCCESSES About Columbus 2020
2011 in Review
Economic Development System
Successes
New Business Development Activity
ExpressPoint is an industry-leading depot repair and supply chain service company that will open a logistics and
repair facility in Grove City. The company received a five-year incentive agreement from Grove City and in the first year Columbus Region Economic Sectors
would get a 50 percent rebate, receiving an estimated $10,000 in employee income taxes. ExpressPoint plans to lease Columbus Region Logistics Council
a 78,000-square-foot facility, bringing 30 new jobs to the city with an average wage of $17.50 per hour. Headquartered
Highlights Accomplishments
in Minneapolis, ExpressPoint decided to move to the Columbus region after a logistics study showed that central Ohio
would be a better location to serve its customers. The company is expected to start the move to Grove City in October Statement of Cash Flow
and be fully operational in February. Statements of Financial Position
Statement of Activities
Board of Directors
zulily is an online store offering daily sales events on products for mothers, young children and babies. The company
will be opening a fulfillment center in the Columbus Region and has signed a lease for 600,000 square feet in the
Village of Obetz. The project will create 580 jobs within a three-year period with a total payroll of over $14 million.
The Columbus Region was in competition with Northern Kentucky and Eastern Pennsylvania for the project. zulily
is headquartered in Seattle and manages a Western U.S. fulfillment center in Reno, NV.
Continued
7. 2011 ANNUAL REPORT
About Columbus 2020
2011 in Review
Economic Development System
Aoki Manufacturing, a Japanese-owned manufacturer of automobile parts, purchased a 55,000-square-foot building Successes
on the west side of Columbus. It’s their first plant location outside of Japan. A Tier II supplier to Honda, the company
New Business Development Activity
specializes in brakes, pistons and other precision parts.
Columbus Region Economic Sectors
Columbus Region Logistics Council
Highlights Accomplishments
Statement of Cash Flow
Anomatic is a consumer-products packaging company that supplies Limited Brands’ Bath Body Works. The company
Statements of Financial Position
received a 50 percent, seven-year tax credit from the state and additional incentives from the city of New Albany. The
company, which plans to build a 65,000-square-foot plant in New Albany, says that site will generate $4.8 million in Statement of Activities
payroll over the next few years, with jobs paying an average wage of $12.50 per hour. The New Albany site was chosen Board of Directors
over other locations under consideration in Kentucky and Mexico. Founded in Chicago in the early 1960s, Anomatic has
reached capacity at its operation in Newark, where it employs about 650 people in headquarters and manufacturing functions.
8. 2011 ANNUAL REPORT
NEW BUSINESS DEVELOPMENT ACTIVITY About Columbus 2020
2011 in Review
Economic Development System
2011 Economic Development Missions, Visits and Conferences
Successes
In 2011, the Columbus 2020 team traveled across the U.S. and the globe, New Business Development Activity
visiting 30 U.S. cities in 25 states and 6 foreign countries.
Columbus Region Economic Sectors
Columbus Region Logistics Council
Seattle
Portland Highlights Accomplishments
Minneapolis
Connecticut Statement of Cash Flow
Detroit
Northern Philadelphia NYC
Park City Omaha Cleveland Statements of Financial Position
California Chicago
Pittsburgh
Salt Lake City Denver Indianapolis
Washington, DC Statement of Activities
Las Vegas
Pasadena St. Louis
Charlotte Board of Directors
Palm Springs Albuquerque Greenville
L.A.
San Diego Atlanta
Dallas
Austin New Orleans
In 2011, the cumulative number of “attract” projects handled by Columbus 2020 rose above the target goal in March
and remained so afterward. There were 154 projects initiated during the year, 23% above the target number of 125.
There were 51 first-time visits in 2011, 15% below the target number of 60.
9. 2011 ANNUAL REPORT
COLUMBUS REGION ECONOMIC SECTORS About Columbus 2020
2011 in Review
Manufacturing
Economic Development System
There are nearly 1,800 manufacturers in the Columbus Region, and manufacturing contributed
$9.1 billion to regional economic output. Manufacturers in the region experienced 43% increase Successes
in productivity (output per worker) from 2001 to 2010.
New Business Development Activity
Columbus Region Economic Sectors
Logistics
Columbus Region Logistics Council
Forty seven percent of Americans and 33% of the Canadian population are accessible within a 1
day truck drive of the Columbus Region. The region also boats a world-class multi-modal infrastructure Highlights Accomplishments
including two national and one regional rail carrier, cargo dedicated airport, a highly rated highway Statement of Cash Flow
network, and four intermodal facilities handling 800,000 containers lifts annually, with land and
Statements of Financial Position
capacity to grow.
Statement of Activities
Science Technology Board of Directors
The Columbus Region is home to the world’s leading private research institution, Battelle
Memorial Institute, and Forbes Magazine ranked Columbus the third best city for tech jobs.
The region also boasts 54 college and university campuses, and The Ohio State University’s
research expenditures alone totaled nearly $830 million.
Continued
10. 2011 ANNUAL REPORT
Headquarters and Business Services About Columbus 2020
Financial and business services account for nearly $39 billion in annual economic output in the 2011 in Review
Columbus Region, where fifteen Fortune 1000 and 6 Fortune 500 companies are headquartered.
Economic Development System
Successes
New Business Development Activity
Agribusiness
Agribusiness accounts for $17.7 billion in economic output, or 11% of the regional economy. Columbus Region Economic Sectors
The Columbus Region has seen dramatic growth in agricultural and food science technicians Columbus Region Logistics Council
and scientists, and 51,530 people are employed in the agribusiness sector.
Highlights Accomplishments
Statement of Cash Flow
International Business
Over 644 internationally-owned business establishments call the Columbus Region home. Statements of Financial Position
Japan, the United Kingdom and Canada are the largest foreign investors in the region. Statement of Activities
Board of Directors
11. 2011 ANNUAL REPORT
About Columbus 2020
2011 in Review
Economic Development System
Successes
New Business Development Activity
Columbus Region Economic Sectors
The Columbus Region Logistics Council (CRLC) serves as the catalyst for the growth of the Region’s logistics capability.
Columbus Region Logistics Council
The CRLC leads the implementation of a strategic roadmap that focuses on the following:
Highlights Accomplishments
1. Fostering a logistics-friendly business environment
Statement of Cash Flow
2. Continuing to develop advanced logistics infrastructure
3. Infusing world-class logistics technology into the Region Statements of Financial Position
4. Building a high-skill workforce Statement of Activities
Board of Directors
Columbus 2020 continues to work with the CRLC and great partners like the Columbus Regional Airport Authority
to retain and attract world-class logistics providers.
In 2011, Columbus 2020 commissioned a detailed analysis of the region’s logistics competitiveness, which highlighted
the great strengths and evolving challenges in continuing to glow the cluster. Curtis Spencer, President of IMS
Worldwide, who conducted the study said, “our findings indicate that the Columbus Region is indeed still in the top
tier of sites selected for efficient and predictable distribution of goods.”
CRLC LinkedIn:
12. 2011 ANNUAL REPORT
2011 HIGHLIGHTS ACCOMPLISHMENTS About Columbus 2020
2011 in Review
Organizational Development
Economic Development System
• Established an 11-person Board of Directors
Successes
• Hired talented people to execute the strategy
New Business Development Activity
• Helped create the JobsOhio Network
Columbus Region Economic Sectors
• Raised over $30 million from public/private investors to execute the strategy for the next 5 years
Columbus Region Logistics Council
Business Development Highlights Accomplishments
• Generated more than 150 qualified projects Statement of Cash Flow
• Conducted more than 40 business development missions across North America Statements of Financial Position
• Hosted 50 new companies considering our market Statement of Activities
Board of Directors
Marketing / Media Relations
• Created the ColumbusRegion.com website to market the entire 11-county region
• Created videos, testimonials and print advertisements
• Conducted worldwide media relations and hosted journalists on a regular basis
Continued
13. 2011 ANNUAL REPORT
Existing Business Services About Columbus 2020
• Provided research to prioritize company outreach by local economic development organizations 2011 in Review
• Called on more than 500 existing companies to gather information about their needs/wants Economic Development System
• Began to act as the regional liaison through the JobsOhio Network to assist businesses Successes
• Provided software and training to manage a common database New Business Development Activity
Columbus Region Economic Sectors
Accelerating Entrepreneurship
Columbus Region Logistics Council
• Assisted in the creation of a “first-customer” program to accelerate growth
Highlights Accomplishments
• Worked closely with TechColumbus and other area support organizations to align with JobsOhio
Statement of Cash Flow
• Collaborated with The Ohio State University, Battelle and other allies
Statements of Financial Position
Improving our Civic Infrastructure Statement of Activities
• Conducted three quarterly economic development forums Board of Directors
• Held a half-day regional dialogue with 300+ attendees
• Assembled the building blocks of a public/private partnership along with:
– 25 public/non-profit organizations
– 200 private sector investors
14. 2011 ANNUAL REPORT
STATEMENT OF CASH FLOW About Columbus 2020
For the Period Ended December 31, 2011 2011 in Review
Unaudited
Economic Development System
Cash Flows from Operating Activities: Successes
Change in Net Assets $ 978,169 New Business Development Activity
Adjustments to reconcile change in net assets to net
Columbus Region Economic Sectors
cash provided by operating activities:
Depreciation and Amortization 58,899 Columbus Region Logistics Council
Changes in Certain Assets and Liabilities: Highlights Accomplishments
(Increase) decrease in Assets: Statement of Cash Flow
Pledge Receivable 45,750
Statements of Financial Position
Prepaids and Other Current Assets (13,507)
Statement of Activities
Increase (decrease) in Liabilities:
Board of Directors
Accounts Payable (186,542)
Accrued Expenses 349,025
Total Adjustments 253,625
Net Cash Provided by Operating Activities $ 1,231,794
Cash Flow from Investing Activities:
Purchases of Property and Equipment (465,155)
Net Cash Provided by Operating Activities $ (465,155)
Cash Flow from Financing Activities:
Note Payable 434,177
Net Cash Provided by Financing Activities $ 434,177
Net Increase in Cash and Cash Equivalents $ 1,200,815
Cash Equivalents at Beginning of Year $ 469,392
Cash Equivalents at End of Year $ 1,683,692
15. 2011 ANNUAL REPORT
STATEMENTS OF FINANCIAL POSITION About Columbus 2020
As of December 31, 2011 2011 in Review
Unaudited
Economic Development System
Assets Current Liabilities: Successes
Current Assets: Accounts Payable $ 85,298 New Business Development Activity
Cash and Cash Equivalents $ 1,683,692 Accrued Expenses 453,528
Columbus Region Economic Sectors
Accounts Receivable, net 400,000 Due to Other Organizations –
Notes Payable (ST) 61,477 Columbus Region Logistics Council
Grants Receivable 250,000
Prepaid and Other Current Assets 38,507 Total Current Liabilities 600,303 Highlights Accomplishments
Total Current Assets 2,372,199 Notes Payable (LT) 372,700
Statement of Cash Flow
Total Liabilities $ 973,003
Statements of Financial Position
Property and Equipment:
Furniture, Fixtures and Equipment $ 203,347 Statement of Activities
Leasehold Improvements 360,446 Net Assets: Board of Directors
Total Property Equipment 563,793 Unrestricted $ 1,462,874
Less: Accumulated Depreciation (59,115) Temporarily Restricted 441,000
Net Property and Equipment 504,678 Total Net Assets 1,903,874
Total Assets $ 2,876,877 Total Liabilities and Net Assets $ 2,876,877
16. 2011 ANNUAL REPORT
STATEMENT OF ACTIVITIES About Columbus 2020
For the Period Ended December 31, 2011 2011 in Review
Unaudited
Economic Development System
Public Support and Revenues Successes
Private Sector Contributions $ 3,577,733 New Business Development Activity
Public Sector Contributions 1,308,855
Columbus Region Economic Sectors
Grants 514,794
Columbus Region Logistics Council
In Kind Contributions 14,923
Miscellaneous 47,197 Highlights Accomplishments
Total Revenues $ 5,463,502 Statement of Cash Flow
Statements of Financial Position
Expenses
Statement of Activities
Personnel Costs $ 1,796,101
Occupancy Related 247,226 Board of Directors
Program Costs 2,442,006
Total Expenses $ 4,485,333
Change in Net Assets $ 978,169
Net Assets at Beginning of Year 925,705
Net Assets at End of Year $ 1,903,874
17. 2011 ANNUAL REPORT
BOARD OF DIRECTORS Additional Columbus Region Board Members include: About Columbus 2020
2011 in Review
Chairman Laing Akers* Michael Goldbeck*
Economic Development System
Alex Fischer Senior Attorney CFO
President and CEO Squire Sanders Columbus Chamber Successes
The Columbus Partnership
New Business Development Activity
David Blom Michael Keller Columbus Region Economic Sectors
Treasurer President and CEO Executive Vice President and CIO
Columbus Region Logistics Council
Jack Partridge OhioHealth Nationwide
President, Columbia Gas of Ohio Highlights Accomplishments
Statement of Cash Flow
Marilyn Brown Gregory R. Overmyer
Secretary Franklin County Board CEO, Overmyer Associates Statements of Financial Position
Eric Phillips of Commissioners
Statement of Activities
CEO, Union County
Chamber of Commerce Board of Directors
Michael Coleman Dr. Mark Smith
Mayor, City of Columbus President
President Ohio Christian University
Kenny McDonald, CEcD*
Chief Economic Officer Charles Dutch David Williams, Ph.D, Sc.D.
Columbus 2020 Center Director Dean Presidential Professor
Boeing Corporation
College of Engineering
The Ohio State University
John C. Fisher
Executive Vice President *denotes Ex-Officio
Ohio Farm Bureau