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 SK Food Group locating in the Columbus Region, Moriroku Technology North America expanding in Marysville and The Ohio State University partnering with TechColumbus and Ohio Third Frontier to create the Technology Concept Fund.

1. MONTHLY
ECONOMIC
UPDATE
2013
DEC
2013
columbusregion.com
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2. COLUMBUS 2020 MONTHLY UPDATE | DECEMBER 2013
PROJECTS DECEMBER 2013 AND YEAR-TO-DATE
DECEMBER 2013 PERFORMANCE
NUMBER OF PROJECTS STARTED
(2012 vs. 2013)
FIRST-TIME VISITS (2012 vs. 2013)
DECEMBER 2013
17 projects started
15
50
44
12
- 215 year in 2013
40
3 first time visits
27
27 24
30 25
25
2120
20
18
- 58 year in 2013
20
30
12
11
18 17
16
13
9
23
15
17
7
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012
6 6
5
6
12
10
10
9
28
20
11
3
6
4
4
8
7
5
4
2
3
6 6
5
4
7
44
3
2
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013
2012
2013
CASE STUDY: SK FOOD GROUP
SK Food Group, a Seattle-based food products
company, will invest $13 million to establish a food
manufacturing facility in the Columbus Region. The
company expects to create 253 jobs during the next
three years.
Jobs:
253 created
From its new facility, SK Food Group will prepare,
Investment:
$13.2 million
package and distribute sandwiches and entrées to retail
Facilities:
Manufacturing, distribution
outlets, convenience stores and vending machine
companies throughout North America.
The company selected the Columbus Region because of
its reputation in the manufacturing sector, including
food manufacturing, and its strategic location for
logistics and distribution.
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3. COLUMBUS 2020 MONTHLY UPDATE | DECEMBER 2013
ACTIVE PROJECTS AS OF DECEMBER 31, 2013
TOTAL ACTIVE PROJECTS
(116 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
35
30
17%
25
23
13%
19
20
47%
15
19%
53%
64%
7
10
5
5
87%
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
3%
52
7%
25
40
15
30
10
44%
56%
10
90%
0
5
0
Prospect
Suspects = Projects identified and
qualified via direct dialogue with the
company or consultant representing the
company.
11
10
10
Suspect
19
20
50
20
22
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 | DECEMBER 2013
BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
DECEMBER 2013 COMPLETED ACTIVITIES
Houston: The 2020 team attended the Reinvesting in American
Manufacturing conference, a two day event for global
manufacturers making new capital investments in America.
Charleston: The 2020 team attended the Area Development
Consultants Forum, participating in presentations and discussions
on strategy and best practices for the site selection process in 2014.
Washington, D.C.: The 2020 team traveled to Washington to
continue to build the Columbus Region's Global Trade and
Investment Strategy with the Brookings Institution.
New York: The 2020 team visited the New York market to hold
meetings with consultants and visit the headquarters of an existing
Columbus Region company.
JANUARY 2014 PLANNED ACTIVITIES
New York
National Retail Federation Annual Conference
BUSINESS DEVELOPMENT MISSIONS:
Washington, D.C., Atlanta, Indianapolis
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5. COLUMBUS 2020 MONTHLY UPDATE | DECEMBER 2013
BUSINESS RETENTION & EXPANSION | DECEMBER 2013
BUSINESS DEVELOPMENT
VISITS CONDUCTED BY LOCATION
DECEMBER 2013 Performance:
VISITS CONDUCTED BY SECTOR
8
8
7 visits in December (381 in 2013)
6
6
5
4
Visits conducted by:
4
4
2
2
29%
1
0
43%
2
1
0
0
Franklin
County
Local ED
partner only
28%
1
Columbus
2020 only
Delaware
County
Licking
County
Both 2020
and LEDO
CASE STUDY: MORIROKU TECHNOLOGY
Moriroku Technology North America, an automotive parts
manufacturer, will build a new facility in Marysville to
accommodate rapid growth of its existing sales operations
and serve as its research and development center. The
expansion project will add 50 employees to its current
Jobs:
50 created
Investment:
$550,000
Facilities:
workforce of 32 in the Columbus Region.
Office, R&D
The new facility will be located on Industrial Parkway in
Marysville and will replace the company's current facility on
Allenby Drive. Moriroku decided to stay and expand in
Marysville for its proximity to key automotive customers.
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6. COLUMBUS 2020 MONTHLY UPDATE | DECEMBER 2013
BUSINESS CREATION
NEW BUSINESS REGISTRATION*
BUSINESS DISSOLUTIONS,
SURRENDERS, WITHDRAWALS
95
300
1500
1250
PATENTS BY REGION INVENTORS
& ASSIGNEES
1,207
176
200
1,020
962
1000
72
199
1,114
85
83
250
165
151
150
38
39
28
100
20
750
50
500
0
Aug
Sep
Oct
Nov
Aug
Sep
Oct
Nov
Inventor
August
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.
September
Assignee
October
November
Source: U.S. Patent and Trademark Office
CASE STUDY: TECHNOLOGY CONCEPT FUND
Innovations with ties to The Ohio State University will get a
financial boost from the new Technology Concept Fund, LLC.
The million-dollar fund includes investments from OSU and Ohio
Third Frontier. TechColumbus and OSU's Technology
Commercialization Office are working to identify investment
opportunities. TechColumbus will manage the fund.
Companies eligible for investment will have a fully executed
license or an option to license the technology from OSU and will
be clients of TechColumbus. Industry focus includes advanced
materials, alternative energy, information technology and life
sciences. Successful investments by the Concept Fund will
replenish its available capital for future rounds of investment.
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7. COLUMBUS 2020 MONTHLY UPDATE | DECEMBER 2013
ECONOMIC DEVELOPMENT NEWS
COLUMBUS IN THE NEWS
WORKFORCE
POLICY & ADVOCACY
Columbus in top 40 of Best Performing Cities Index
Columbus State introduces insurance courses
Columbus Chamber hosts government leaders
Columbus State Community College has introduced
On December 18, the Columbus Chamber, along
a new Foundations of Insurance certificate, a six -
with other chambers from around Ohio, hosted
course program intended to help students gain
Governor Kasich, Senate President Faber and
entry-level positions in the Columbus Region's
Speaker of the House Batchelder for their annual
insurance industry.
Year in Review event.
The American Institute for Economic Research ranks
The program also addresses a critical need for
The three leaders came together to discuss the
Columbus No. 10 among mid-size metros in the U.S.
employers. According to Columbus State, 17,000
http://bit.ly/1c8Nuka
jobs will open up in Ohio's insurance industry over
store for next year. More than 150 business leaders
the next five years as companies grow and workers
had the opportunity to ask questions and give
retire.
feedback on the economic climate in Ohio.
Foundations of Insurance is part of Columbus
On the same day, the Columbus Chamber
State's larger efforts in partnering with the insurance
facilitated a discussion with U.S. Representative
industry to raise awareness of career opportunities
Joyce Beatty. The small gathering gave Chamber
through the Insuring Ohio Futures program.
members the chance to discuss with Rep. Beatty
Based on job, wage and high-tech growth, Columbus
ranked No. 37 among 200 metro areas in the Milken
Institute's annual Best Performing Cities index, up 16
spots from 2012. http://bit.ly/18hjRC1
Columbus ranked a top 10 metro for college students
Columbus ranked No. 3 happiest city in America
based on Instagram analysis
Startup company Jetpac analyzed millions of Instagram
photos to determine how happy people
appeared. http://read.bi/1bjJcKw
business issues on the federal level.
For all of the latest news, visit:
http://columbusregion.com/Media-center/RecentNews.aspx
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8. COLUMBUS 2020 MONTHLY UPDATE | DECEMBER 2013
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (November 2013)
NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 10/5/13 TO WEEK ENDING 12/28/13)
Continuing
7.0% (+1.0)
Madison
18,656 (-102)
6.4% (+0.8)
Franklin
586,557 (-2,724)
7.8% (+0.7)
Pickaway
22,482 (-112)
1,400
12,000
1,200
11,000
1,000
7.2% (+1.1)
Licking
79,224 (-502)
6.8% (+0.8)
Fairfield
70,187 (-394)
12/28
12/21
12/14
12/7
0
11/30
200
11/23
400
7,000
11/16
600
8,000
11/9
800
9,000
6,000
7.0% (+1.0)
Knox
27,608 (-460)
11/2
10,000
10/26
5.7% (+0.3)
Union
25,774 (-165)
5.4% (+0.7)
Delaware
91,366 (-632)
1,600
13,000
7.0% (+0.4)
Morrow
16,129 (-133)
1,800
14,000
10/19
8.0% (+0.8)
Marion
26,698 (-788)
2,000
15,000
6.6% (+0.5)
Logan
21,616 (-133)
Number
employed
residents
(Nov 2013)
New
16,000
10/12
Change
from
Nov 2012 to
Nov 2013
10/5
Unemployment
rate
(Nov 2013)
Source: Ohio Department of Job and Family Services
COMMERCIAL REAL ESTATE
(AS OF DECEMBER 31)
Vacancy
Rate
Direct
Asking Rent
(per sf)
Office
15.0%
7.2%
$3.74
Retail
9.1%
$9.33
$165K $170K
$15.85
Industrial
HOUSING SALES
Use
2,297
2,291 2,208
2,021
2,065
1,812
Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted
New
Listings
In
Contracts
Nov 2012
Source: Xceligent
Closed
Sales
Average
Sales Price
Nov 2013
Source: Columbus Board of Realtors
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