Post on 10-Nov-2014
description
MONTHLY ECONOMIC
UPDATE2013
JULY
2013
columbusregion.com 614-225-6063
JULY 2013 PERFORMANCE
CASE STUDY: LULULEMON
Jobs: 170 created
Capital investment: $26.5 million
Facilities: Distribution center
1
PROJECTS JULY 2013 AND YEAR-TO-DATE
NUMBER OF PROJECTS STARTED
(2012 vs. 2013)
FIRST-TIME VISITS (2012 vs. 2013)
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013
JULY 2013
18 projects started
- 138 year to date
6 first time visits 25
11
27 24
20
44
16
30
20 23
28
7
19
25
19 21
24
12
18
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
0
3
6
9
12
15
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 2013
Vancouver, British Columbia-based lululemon will open
its second U.S. distribution center in the city of
Columbus. The retailer of yoga-inspired athletic apparel
will invest $26.5 million and create 170 new jobs with $6
million in payroll.
The distribution center will service most, if not all, of the
Eastern and Central time zones, supporting lulelemon's
aggressive retail and e-commerce growth. The company
selected the Columbus Region over other locations
based on its quality workforce and competitive costs of
doing business.
2
ACTIVE PROJECTS AS OF JULY 31, 2013
TOTAL ACTIVE PROJECTS
(128 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013
ATTRACTION PROJECTS:
PROJECTS BY SOURCE
ATTRACTION PROJECTS:
DOMESTIC/INTERNATIONAL
ATTRACTION PROJECTS:
SUSPECTS AND PROSPECTS
ATTRACTION PROJECTS:
PROJECTS BY SECTOR
59
9
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
88%
9%
3%
Columbus 2020
Local ED partners
JobsOhio
68%
22%
10%
Columbus 2020
Local ED partners
JobsOhio
26
4
9
21
0
5
10
15
20
25
30
35
34
5
13 16
0
5
10
15
20
25
30
35
40
68%
32%
Domestic International
88%
12%
Domestic International
BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
JULY 2013 COMPLETED ACTIVITIES
AUGUST 2013 PLANNED ACTIVITIES
Salt Lake City
Logistics Development Forum
BUSINESS DEVELOPMENT MISSIONS:
Detroit, New York
ACTIVE PROJECT MEETINGS:
Cleveland, Seattle
3
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013
Columbus: The 2020 team hosted several consultants and site selector advisors for visits to the Columbus market as well as visits by an international journalist and four national journalists.
Chicago: The 2020 team held meetings with an international corporate venture investor and a venture capital firm.
JULY 2013 Performance:
39 Visits in June (230 YTD)
Visits conducted by:
CASE STUDY: AVNET, INC.
Jobs: 300 created
Capital investment: $2.5 million
Facility: Distribution center
4
BUSINESS RETENTION & EXPANSION | JULY 2013
BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013
Avnet, Inc., one of the world's largest electronics
distributors, announced that it will consolidate four
existing facilities in the Columbus Region into one
facility in Obetz. In addition to consolidating the
current 350-employee Columbus Region workforce,
Avnet will invest $2.5 million in equipment and add
up to 300 more employees.
a dozen service companies in the past 18 months, all
part of an aggressive effort to develop a full-service
offering for its customers. Avnet selected the
Columbus Region over other areas in the U.S. based
on its strategic location for logistics and access to
workforce.
56% 36%
8% Columbus2020 only
Local EDpartner only
Both 2020and LEDO
10
5
9
15
0
2
4
6
8
10
12
14
16
Columbus Dublin All otherFranklinCounty
All otherRegion
9
7
19
4
0
4
8
12
16
20
Source: U.S. Patent and Trademark Office
CASE STUDY: INFOMOTION SPORTS TECHNOLOGIES
5
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013
BUSINESS CREATION
BUSINESS DISSOLUTIONS,
SURRENDERS, WITHDRAWALS
PATENTS BY REGION INVENTORS
& ASSIGNEES
NEW BUSINESS REGISTRATION*
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.
Dublin-based InfoMotion Sports Technologies Inc. recently
closed a $3.5 million Series A investment round. The funding will
help InfoMotion's consumer launch of its 94Fifty basketball
product. The 94Fifty basketballs have embedded sensors that
track speed and force of dribbling, release angle, rotation and
other key elements of the physics of good ball-handling and
shooting. To date, the company has marketed the product to
college teams.
On July 17, InfoMotion announced a distribution and product
partnership with Spalding, the world's largest baseketball
equipment supplier. The new investment will help build upon
this opportunity. The company initially located to the Columbus
Region in part because of an Innovation Ohio Loan Fund, which
provided $750,000 in early-stage capital.
1,363 1,319
1,074 1,114
500
750
1000
1250
1500
Mar Apr May Jun
186
238
191 180
0
50
100
150
200
250
300
Mar Apr May Jun
91
18
85
24
99
27
80
20
Inventor Assignee
Mar Apr May June
POLICY & ADVOCACY
6
TRANSPORTATION & INFRASTRUCTURE
ECONOMIC DEVELOPMENT NEWS
COLUMBUS IN THE NEWS
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013
Columbus metro area job numbers at all -time high
The Columbus metro area has continued to gain jobs and
set record highs since recovering its losses from the
recession in May 2012. http://bit.ly/16SKKHf
Columbus no. 15 aspirational city
New analysis ranks Columbus in the top 15 in the U.S. based
on job growth, unemployment, quality of life, and
demographics. http://thebea.st/13qYgyQ
Six Columbus Region hospitals in national rankings
U.S. News & World Report's list of best hospitals includes six
from the Region, topped by The Ohio State University
Wexner Medical Center. http://bit.ly/fVgrbB
Columbus highlighted as a fashion hub
USA Today covers the Columbus Region's fashion
companies, from the retail giants headquartered here to
independent boutiques. http://usat.ly/16uA9jV
For all of the latest news, visit:
http://columbusregion.com/news-events-reports/in-the-
media
Ohio leaders show support for air bases' funding
Political, military and economic leaders throughout
the state are defending Ohio's Air Force and
Air National Guard base units in preparation of
federal budget cuts. Four members of the National
Commission on the Structure of the Air Force
heard testimony July 30 from leaders advocating
for continued funding of Ohio's air bases, including
Rickenbacker Air National Guard Base. Columbus
Chamber President & CEO Michael Dalby testified
that the state has invested in supporting these
bases and are ready to support any expansion.
$3 billion to fast-track Ohio highway projects
On July 22, Governor Kasich unveiled a new
transportation funding plan for 41 projects across
Ohio. Of the $3 billion to be spent over six years,
Central Ohio projects amount to $572 million.
Key projects in the Columbus Region supported by
the plan include the U.S. 23/I-270/SR 315
interchange in northern Franklin County, I-70/71 in
Columbus, U.S. 33 in Fairfield County, and I-
270/U.S. 33 in Dublin.
Source: Xceligent Source: Columbus Board of Realtors
7
NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 5/4/13 TO WEEK ENDING 7/27/13)
COLUMBUS 2020 MONTHLY UPDATE | JULY 2013
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (June 2013)
Source: Ohio Department of Job and Family Services
Direct
Asking Rent
(per sf)
Vacancy
RateUse
Office 7.0%
COMMERCIAL REAL ESTATE
(AS OF JULY 31)
HOUSING SALES
$15.43
$2.95
$9.28
Industrial
Retail
16.0%
10.0%
Source: U.S. Bureau of Labor Statistics, Local Area Unemployment
Statistics, Seasonally Adjusted
7.7% (+0.2)
Marion
26,904 (-620)
6.9% (-0.0)
Knox
27,868 (+75)
Unemployment
rate
(Jun 2013)
Number
employed
residents
(Jun 2013)
Change
from
Jun 2012 to
Jun 2013
5.2% (+0.2)
Delaware
91,109 (+759)
6.1% (+0.0)
Fairfield
70,863 (+538)
6.1% (+0.1)
Franklin
593,897 (+4,188)
6.8% (+0.4)
Licking
80,173 (+635)
6.5% (+0.2)
Madison
18,942 (+141)
7.7% (+0.4)
Morrow
16,213 (+145)
7.6% (+0.3)
Pickaway
22,803 (+164)
5.5% (+0.1)
Union
25,714 (+204)
6.5% (+0.1)
Logan
21,710 (-89)
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
5/4
5/1
1
5/1
8
5/2
5
6/1
6/8
6/15
6/2
2
6/29
7/6
7/1
3
7/2
0
7/2
7
Continuing New
3,346 3,161
2,545
$184K 3,946
3,721
2,810
$196K
NewListings
InContracts
ClosedSales
AverageSales Price
Jun 2012 Jun 2013