Quarterly Economic Update | Q1 2014

QUARTERLY ECONOMIC

UPDATEQ1 2014

columbusregion.com 614-225-6063

TABLE OF CONTENTS

Employment, labor force and unemployment . . . . . . . . . . . .2

Employment by industry. . . . . . . . . . . . . . . . . . . . . . . . . 3

Current employment statistics revisions . . . . . . . . . . . .5

Commercial real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7

Airport passengers and cargo . . . . . . . . . . . . . . . . . . . . .7

Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

GDP and inflation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Columbus 2020 performance. . . . . . . . . . . . . . . . . . . . . .11

Notable expansions and locations . . . . . . . . . . . . . . . . . .13

1

QUARTERLY ECONOMIC UPDATE | Q1 2014

The Columbus 2020 economic update for the

first quarter of 2014 covers regional economic

data and economic development activities

from January to March. The analysis of the

regional economy (pages 1 to 9) was prepared

by Bill LaFayette, Ph.D., RegionomicsTM LLC.

FOREWORD By Frank Wojcik Senior Portfolio Manager, Fifth Third Private Bank Despite a harsh winter that negatively impacted many parts of Ohio and

during the first quarter of 2014 with the unemployment rate declining to 4.9 percent in March from 5.8 percent in December. Because of a diverse and sustainable economic base, the Central Ohio job environment remains more constructive than the majority of Ohio and the United States. With total payroll employment now approaching one million, we are steadily increasing our importance as a metropolitan area. Employment increased in logistics, healthcare, leisure and government services, while severe winter weather negatively impacted retail and housing related activities. Expectations are that real estate construction will resume in the coming months and job creation should accelerate in these areas. Also being watched with curiosity is the potential impact of the Utica Shale drilling in eastern Ohio. Several Central Ohio firms are involved in the exploration and distribution of oil and natural gas. A successful energy production outcome should result in further job creation associated with these activities. Several years ago Central Ohio leaders from government, business and education formulated a plan to invest in job training, education, infrastructure and redevelopment of neglected neighborhoods. We are now beginning to reap the rewards of a collaborative effort by the people in our community who did not wait for the local economy to recover, but made the recovery happen. Congratulations and thanks to all involved for their hard work and foresight. While many parts of the U.S. and the world are striving to recover from the recession levels, Central Ohio has exceeded prior peak levels of economic growth, setting an example for other cities on how to structure sustainable growth.

TOTAL PAYROLL EMPLOYMENT

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.

COLUMBUS REGION LABOR FORCE

Source: Local Area Unemployment Statistics, Bureau of Labor Statistics.

Seasonal adjustment of regional rate by Regionomics LLC.

2


EMPLOYMENT, LABOR FORCE, UNEMPLOYMENT RATES

COLUMBUS REGION UNEMPLOYMENT

RATE Columbus MSA employment increases less than

average in the first quarter: Columbus MSA

employment in March was 982,800, which is 1,800

(0.2 percent) higher than in December. Ohio

employment increased 0.3 percent and U.S.

employment increased 0.4 percent. Employment

growth over the past 12 months was 11,800 (1.2

percent) for the MSA, 1.0 percent for Ohio, and 1.7

percent for the U.S.

Regional unemployment rate declines: The 11-

-adjusted

unemployment rate fell from 5.8 percent in December

to 4.9 percent in March. The December rate was lower

than both the 6.1 percent Ohio unemployment rate

and the 6.7 percent U.S. rate.

The decline in the Columbus Region unemployment

rate was driven both by a decline of 3,600 in the labor

force and an increase of 6,700 in the number of

employed residents.

Gap between normal and actual labor force

growth increases: The difference between reported

labor force and the level assuming normal growth

increased from 47,000 in December to 54,000 in

March.

98

100

102

104

106

108

110

112

1/10

5/1

0

9/10

1/11

5/1

1

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0

Columbus MSA Ohio U.S.

0%

2%

4%

6%

8%

10%

12%

1/0

8

5/0

8

9/0

8

1/0

9

5/0

9

9/0

9

1/10

5/1

0

9/10

1/11

5/1

1

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Columbus Region Ohio U.S.

900

950

1,000

1,050

1,100

1,150

1/0

8

5/0

8

9/0

8

1/0

9

5/0

9

9/0

9

1/10

5/10

9/10

1/11

5/11

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Th

ou

sa

nd

s

Labor force

Labor force, normal growth

Resident employment

MANUFACTURING

*Excluding computer design and related services.

PROFESSIONAL & BUSINESS SERVICES COMPUTER DESIGN & RELATED SERVICES FINANCE & INSURANCE

Source: Current Employment Statistics, U.S. Bureau of Labor Statistics.

Seasonal adjustment of MSA employment by Regionomics LLC.

3


EMPLOYMENT BY INDUSTRY

LOGISTICS: TRANSPORTATION,

WAREHOUSING & WHOLESALE

MSA SHARE OF EMPLOYMENT BY INDUSTRY,

MARCH 2014

Logistics 8.9% Manufacturing

7.0%

Professional & business svcs*

14.5%

Computer design &

related svcs 1.8%

Finance & insurance

6.2% Healthcare & social

assistance 12.4%

Leisure & hospitality

10.2%

Government 16.8%

Retail trade 10.0%

Other 12.2%

96

98

100

102

104

106

108

110

112

1/10

5/1

0

9/10

1/11

5/1

1

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


98

100

102

104

106

108

110

112

1/10

5/1

0

9/10

1/11

5/1

1

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


95

100

105

110

115

120

1/10

5/1

0

9/10

1/11

5/11

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


98

100

102

104

106

108

110

112

114

116

1/10

5/10

9/10

1/11

5/11

9/11

1/12

5/12

9/12

1/13

5/13

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


95

100

105

110

115

120

125

130

1/10

5/10

9/10

1/11

5/11

9/11

1/12

5/12

9/12

1/13

5/1

3

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


LEISURE & HOSPITALITY

QUARTERLY EMPLOYMENT CHANGE BY INDUSTRY GOVERNMENT RETAIL TRADE

Industry MSA empl. chg. OH US

% % %

Manufacturing +0.4 +0.5 +0.2

Retail trade 0.0 -1.5 0.0

Logistics -0.8 +0.3 +0.5

Finance & insurance -2.0 -0.7 -0.1

Professional & business services -1.9 +1.3 +1.0

Computer design & related svcs. 0 0.0 -0.7 +1.0

Healthcare & social assistance +2.5 +0.4 +0.4

Leisure & hospitality +1.1 +1.4 +0.6

Government +1.1 -0.5 -0.1

4

HEALTHCARE & SOCIAL ASSISTANCE


EMPLOYMENT BY INDUSTRY (continued)

-3,200

-1,300

0

No.

-700

+300

+1,100

+1,800

+3,000

Charts on pages 2 and 3 show Columbus MSA

employment growth compared to state and national

averages since the beginning of 2010.

Above-average gains in healthcare, leisure and

government together accounted for an increase of

5,900 jobs during the first quarter.

Of the 1,800-job gain in government, 1,400 was due to

state government, which has driven the above-

average growth of government employment since

2010.

Within business services, administrative support lost

2,300 jobs, professional and technical services

(including computer services) lost 700, and corporate

administration lost 200.

95

100

105

110

115

120

1/10

5/1

0

9/10

1/11

5/1

1

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


95

100

105

110

115

120

125

1/10

5/1

0

9/10

1/11

5/1

1

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


94

96

98

100

102

104

106

108

110

1/10

5/10

9/10

1/11

5/11

9/11

1/12

5/12

9/12

1/13

5/13

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


98

100

102

104

106

108

110

1/10

5/1

0

9/10

1/11

5/11

9/11

1/12

5/1

2

9/12

1/13

5/1

3

9/13

1/14

Ind

ex

: 1/

08

= 1

00

.0


TOTAL PAYROLL EMPLOYMENT MONTHLY TOTAL PAYROLL EMPLOYMENT ANNUALLY

Seasonal adjustment by Regionomics LLC.

MANUFACTURING WHOLESALE TRADE RETAIL TRADE


5


CURRENT EMPLOYMENT STATISTICS REVISIONS

The Bureau of Labor Statistics released its annual

revision of the monthly Current Employment Statistics

in March. As in recent years, Columbus MSA

employment was revised significantly upward.

Average 2012 employment was increased by 6,200

and 2013 employment was increased by 17,100 (1.8

percent).

Employment estimates for 2013 were revised upward

for most sectors, especially retail trade (3,700),

financial activities (3,300), government (3,100) and

professional and business services (2,900).

Employment totals for 2012 are final, while 2013 will be

revised again next year. Employment will be

comprehensively restated next March, however, to

reflect the addition of Hocking and Perry counties to

60.0

62.0

64.0

66.0

68.0

70.0

72.0

74.0

76.0

78.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

36.5

37.0

37.5

38.0

38.5

39.0

39.5

40.0

40.5

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

900.0

910.0

920.0

930.0

940.0

950.0

960.0

970.0

980.0

990.0

1/11

4/1

1

7/11

10/11

1/12

4/1

2

7/12

10/12

1/13

4/1

3

7/13

10/13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

92.0

94.0

96.0

98.0

100.0

102.0

104.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

TRANSPORTATION & UTILITIES FINANCIAL ACTIVITIES PROFESSIONAL & BUSINESS SERVICES COMPUTER DESIGN SERVICES

EDUCATION & HEALTH SERVICES LEISURE & HOSPITALITY OTHER SERVICES GOVERNMENT


6


CURRENT EMPLOYMENT STATISTICS REVISIONS (continued)

40.0

42.0

44.0

46.0

48.0

50.0

52.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

68.0

69.0

70.0

71.0

72.0

73.0

74.0

75.0

76.0

77.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

142.0

147.0

152.0

157.0

162.0

167.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

14.0

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5

19.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

105.0

110.0

115.0

120.0

125.0

130.0

135.0

140.0

145.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

84.0

86.0

88.0

90.0

92.0

94.0

96.0

98.0

100.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

35.0

35.5

36.0

36.5

37.0

37.5

38.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

148.0

150.0

152.0

154.0

156.0

158.0

160.0

162.0

164.0

166.0

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Th

ou

sa

nd

s

Pre-rev. Post-rev.

INDUSTRIAL REAL ESTATE VACANCY RATES PORT COLUMBUS INTL. AIRPORT PASSENGERS

Source: CB Richard Ellis. Source: Columbus Regional Airport Authority.

OFFICE VACANCY RATES RICKENBACKER INTL. AIRPORT CARGO HANDLED

Source: CB Richard Ellis. Source: Columbus Regional Airport Authority.

7

AIRPORT PASSENGERS & CARGOCOMMERCIAL REAL ESTATE


6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

22.0

20

07

-Q1

20

07

-Q3

20

08

-Q1

20

08

-Q3

20

09

-Q1

20

09

-Q3

20

10-Q

1

20

10-Q

3

20

11-Q

1

20

11-Q

3

20

12-Q

1

20

12-Q

3

20

13-Q

1

20

13-Q

3

Pe

rce

nt

Columbus U.S.

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

Q1 Q2 Q3 Q4

Th

ou

sa

nd

s o

f P

asse

ng

ers

2010 2011 2012 2013 2014

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Q1 Q2 Q3 Q4

Th

ou

sa

nd

s o

f P

ou

nd

s

2010 2011 2012 2013 2014

10.0

12.0

14.0

16.0

18.0

20.0

22.0

20

07

-Q1

20

07

-Q3

20

08

-Q1

20

08

-Q3

20

09

-Q1

20

09

-Q3

20

10-Q

1

20

10-Q

3

20

11-Q

1

20

11-Q

3

20

12-Q

1

20

12-Q

3

20

13-Q

1

20

13-Q

3

Pe

rce

nt

Columbus U.S.

Source: U.S. Census Bureau. Source: Columbus Board of Realtors.

CHANGE IN RESIDENTIAL SALES FROM SAME QUARTER PREVIOUS YEAR

Source: Columbus Board of Realtors, National Association of Realtors.

8

RESIDENTIAL SALES, COLUMBUS MLS

AREA

RESIDENTIAL BUILDING PERMITS,

COLUMBUS MSA


HOUSING

Building permits down sharply from a year ago.

Building permits issued in the Columbus MSA were

down 31.5 percent from the same months of 2013,

compared to a 6.6 percent U.S. increase. The decline

was driven largely by a spike in units in the volatile

multi-unit category this time last year. Units in multi-

unit structures accounted for 46 percent of local

permits, compared to 39 percent of national permits.

For the year, permits were up 14 percent locally and 16

percent nationally.

Single-unit permits issued during the first quarter

were down 2.1 percent from a year ago, compared

to a 0.2 percent drop nationwide.

Home sales in Columbus during the first quarter off

7.0 percent from a year ago: Home sales in the

Columbus Multiple Listing Service (MLS) area (larger

than and somewhat different from the Region) totaled

4,577 during the first quarter, compared to 4,920 in

2013. Sales nationwide during the quarter were down

6.6 percent from last year, and were down 9.9 percent

in the Midwest.

The dollar volume of home sales in the Columbus MLS

area totaled $740 million during the first quarter, down

2.8 percent from the same quarter last year.

0

500

1,000

1,500

2,000

2,500

3,000

Q1 Q2 Q3 Q4

Nu

mb

ne

r o

f P

erm

its

2010 2011 2012 2013 2014

0

1,600

3,200

4,800

6,400

8,000

9,600

Q1 Q2 Q3 Q4

Nu

mb

ne

r o

f S

ale

s

2010 2011 2012 2013 2014

-30%

-20%

-10%

0%

10%

20%

30%

40%

20

08

-Q1

20

08

-Q2

20

08

-Q3

20

08

-Q4

20

09

-Q1

20

09

-Q2

20

09

-Q3

20

09

-Q4

20

10-Q

1

20

10-Q

2

20

10-Q

3

20

10-Q

4

20

11-Q

1

20

11-Q

2

20

11-Q

3

20

11-Q

4

20

12-Q

1

20

12-Q

2

20

12-Q

3

20

12-Q

4

20

13-Q

1

20

13-Q

2

20

13-Q

3

20

13-Q

4

20

14-Q

1

Pe

rce

nt

Ch

an

ge

Columbus MLS

U.S.

MSA HOUSE PRICE CHANGE, 1ST QUARTER 2007 TO 4TH QUARTER 2013

MSA HOUSE PRICE CHANGE, 2ND QUARTER 2011 TO 4TH QUARTER 2013

Source: Federal Housing Finance Agency House Price Index.

9


HOUSING (continued)

FHFA HOUSE PRICE INDEX, 1ST QUARTER 2007 -

4TH QUARTER 2013

House prices in Columbus higher year-over-year:

Columbus MSA house prices in the third quarter were

up 8.8 percent from a year earlier, compared to gains

of 5.3 percent in Ohio and 7.6 percent at the national

level. The local change ranked 33rd among the 64

million-plus regions in the U.S.

Columbus MSA house prices above pre-recession

peak: As shown in the chart to the right, the Federal

Housing Finance Agency (FHFA) index for Columbus

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 nationwide, 17 others have

surpassed their previous peak.

-8.7%

0.9%

-40% -30% -20% -10% 0% 10% 20% 30%

Jacksonville

Chicago

Detroit

San Diego

Minneapolis

Milwaukee

Cleveland

St. Louis

Kansas City

United States

Cincinnati

Raleigh

Columbus

Nashville

Indianapolis

Charlotte

Oklahoma City

Pittsburgh

Austin

12.2%

13.0%

0% 5% 10% 15% 20% 25% 30% 35% 40%

Milwaukee

Cincinnati

Oklahoma City

Cleveland

Raleigh

Pittsburgh

St. Louis

Chicago

Columbus

Indianapolis

United States

Kansas City

Jacksonville

Nashville

Charlotte

Minneapolis

Austin

San Diego

Detroit

75

80

85

90

95

100

105

20

07

-Q1

20

07

-Q3

20

08

-Q1

20

08

-Q3

20

09

-Q1

20

09

-Q3

20

10-Q

1

20

10-Q

3

20

11-Q

1

20

11-Q

3

20

12-Q

1

20

12-Q

3

20

13-Q

1

20

13-Q

3

Ind

ex

: 1s

t Q

tr.

20

07

= 1

00

.0

Columbus MSA Ohio U.S

HISTORIC AND FORECAST U.S. GDP; HISTORIC PERSONAL CONSUMPTION

Source: U.S. Bureau of Economic Analysis, Wall Street Journal Economic Forecasting Survey.

CPI INFLATION, LARGE MIDWEST CITIES

Source: Consumer Price Index (CPI-U), U.S. Bureau of Labor Statistics

10


GDP AND INFLATION

U.S. GDP growth slows to a crawl in the first

quarter. Gross domestic product (GDP) grew at a 0.1

percent annual pace in the first quarter, weaker than

expected and its slowest pace in more than a year.

Major reasons for the weakness were a drawdown in

inventories and a decline in exports, which together

subtracted 1.7 percentage points from growth. Personal

consumption, however, was stable with growth of 3.0

percent.

Economists expect economic strength into early

2015: The April Wall Street Journal economic

forecasting survey expected GDP growth to remain at

around a three percent pace through the second

quarter of 2015. Three-quarters of the economists

polled continued to believe that their forecast is more

likely to be too low than too high.

Consumer sentiment improving: The Thomson

Reuters/University of Michigan Index of Consumer

Sentiment increased in April to 84.2, its highest level

since July. The index was 81.2 in January.

Overall inflation rose to 1.2 percent from 0.9 percent in

the fourth quarter, driven by higher food prices. Core

inflation, which excludes both food and energy, fell

from 1.5 percent to 1.3 percent.

-2%

-1%

0%

1%

2%

3%

4%

5%

6%

20

10-Q

1

20

10-Q

2

20

10-Q

3

20

10-Q

4

20

11-Q

1

20

11-Q

2

20

11-Q

3

20

11-Q

4

20

12-Q

1

20

12-Q

2

20

12-Q

3

20

12-Q

4

20

13-Q

1

20

13-Q

2

20

13-Q

3

20

13-Q

4

20

14-Q

1

20

14-Q

2

20

14-Q

3

20

14-Q

4

20

15-Q

1

20

15-Q

2

An

nu

alize

d C

ha

ng

e (

Pe

rce

nt)

GDP

Personal Cons.Exp.

0%

1%

1%

2%

2%

3%

3%

4%

4%

20

10-Q

1

20

10-

Q2

20

10-

Q3

20

10-

Q4

20

11-Q

1

20

11-Q

2

20

11-Q

3

20

11-Q

4

20

12-Q

1

20

12-Q

2

20

12-Q

3

20

12-Q

4

20

13-Q

1

20

13-Q

2

20

13-Q

3

20

13-Q

4

20

14-Q

1

An

nu

alize

d C

ha

ng

e (

Pe

rce

nt)

All items

Excl. food &energy (core)

PROJECTS ACTIVE AT END OF EACH MONTH

11

NUMBER OF PROJECTS STARTED

(2013 v. 2014)

FIRST-TIME VISITS (2013 v. 2014)


COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-MAR 2014

PROJECTS ACTIVE AT END OF EACH MONTH

BY SECTOR

In the first quarter of 2014, Columbus 2020 added 64 new

projects to the pipeline and hosted nine first-time visits

from companies and/or their location consultants.

Columbus 2020 had 154 active projects at the end of

March 2014. Headquarters and business services

represented 48 percent of projects at the end of March,

followed by manufacturing with 36 percent.

67 70

51

98 105 103

0

20

40

60

80

100

120

Jan

Fe

b

Mar

Ap

r

May

Ju

n

Ju

l

Au

g

Se

p

Oct

No

v

De

c

Existing New

0

20

40

60

80

100

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Manufacturing HQ & Business Services

Logistics Science & Technology

23

28

17

25 29

16

22 19

17 20

16 20 20

24 20

0

10

20

30

40


2013 2014

2

5 4 4

7

5

8

5 4

7

4 3

2 3

4

0

4

8

12


2013 2014

2014 Q2 PLANNED ACTIVITIES

12


2014 Q1 COMPLETED ACTIVITIES

COLUMBUS 2020 PERFORMANCE | DEVELOPMENT ACTIVITIES JAN-MAR 2014

EXISTING BUSINESS VISITS CONDUCTED BY

SECTOR

EXISTING BUSINESS VISITS CONDUCTED BY

PLACE

In the first quarter of 2014, the Columbus 2020 team

visited nine U.S. cities and Canada. Visits included business

development missions, industry conferences, existing

headquarter visits and consultant and active project calls.

In the second quarter of 2014, the Columbus 2020 team

will visit 12 U.S. cities, as well as international trips to China,

Japan, Korea, Sweden and the UK.

Larger share of retention visits to manufacturers

The Columbus 2020 team and our local economic

development partners conducted a combined total of 87

visits to businesses in the Region during the first quarter of

2014.

In the first quarter of 2014, 47 manufacturing companies

received the most visits, more than half the total count.

This is a significantly higher share than previous years.

0

5

10

15

20

25

Co

lum

bu

s

Du

blin

De

law

are

Weste

rville

Wo

rth

ing

ton

Re

st o

f F

ran

klin

Co

un

ty

Re

st o

f D

ela

ware

Co

un

ty

Kn

ox C

ou

nty

Re

st o

f R

eg

ion

Columbus 2020 Local ED Partner Both

44%

47%

56%

28%

23%

23%

12%

15%

11%

16%

15%

11%

2012

2013

Q1 2014



13

ED PROJECT ANNOUNCEMENTS, COUNT

BY MUNICIPALITY

ED PROJECT ANNOUNCEMENTS, COUNT

BY PLACE

ED PROJECT ANNOUNCEMENTS - JOB

CREATION


ED PROJECT ANNOUNCEMENTS BY

SECTOR

NOTABLE EXPANSIONS & LOCATIONS | JAN-MAR 2014

Columbus 2020 tracks economic development project

announcements in the Columbus Region. In the first quarter of 2014,

there were 23 project announcements yielding 2,363 jobs created or

retained.

Manufacturing and logistics projects represented 43 and 26 percent

of projects, respectively, in the first quarter. These figures are higher

than previous years, reducing the share of office and technology

projects.

International projects comprise 17 percent of announcements in 2014

537

1,113

713

0

300

600

900

1,200

1,500

Attract Expand Retain

5

3 3 3

9

0

3

6

9

12

Columbus Groveport Marysville Rest ofFranklin

Rest ofRegion

33%

38%

43%

35%

32%

22%

20%

19%

26%

12%

11%

9%

2012

2013

Q1 2014



COMPANY DESCRIPTION CITY CTY. NO. JOBS

Bradley Corporation Partitions, lockers Marion Marion

Daifuku America Corporation Material handling and automation solutions Reynoldsburg Franklin

Divelbiss Corporation Programmable logic controllers Fredericktown Knox

Exel, Inc Supply chain management services Westerville Delaware

Famous Enterprises Building products Columbus Franklin

Gandee & Associates Engineering services Westerville Franklin

Gwynnie Bee Fulfillment center of high fashion, plus-size apparel Groveport Franklin

Handgards Food service and handling products Groveport Franklin

Heritage Cooperative Member-owned agriculture cooperative Marysville Union

Honda of America Mfg., Inc. Technical training center and leadership office Marysville Union

The Kroger Co. Bakery Columbus Franklin

L Brands Inc. Personal care and beauty products, accessories New Albany Licking

Liberty Casting Castings of steel, aluminum, iron Delaware Delaware

NBBJ Architecture and urban design firm Columbus Franklin

Ohio Metal Technologies Components for transportation industry Hebron Licking

Owens Corning Manufacturer of thermal and acoustical insulation Newark Licking

PeopleToMySite.com LLC (The Shipyard) Information services and software Columbus Franklin

Petsmart Pet supplies Groveport Franklin

Scientific Expert Analysis Provider of scientific research, testimony, other services Columbus Franklin

Sumitomo Electric Wiring Systems, Inc. Wiring harness, terminals and connectors Marysville Union

West Ohio Tool Co. Drill bits Russells Point Logan

Wyandot Inc. Snack foods Marion Marion

Zulily Inc. E-commerce fulfillment center Obetz Franklin

14

Expansion

Retention/Expansion

Expansion

11

Retention

28

50

100

624 Expansion

20

Expansion


NOTABLE EXPANSIONS & LOCATIONS | JAN-MAR 2014

TYPE

80 Expansion

80 Expansion

3

Attraction

Expansion

25

9 Expansion

52 Expansion

16 Expansion

66 Attraction

401

Expansion

Expansion

Attraction

Attraction

Expansion

0

30

0

100

500 Expansion

20

10 Expansion

Expansion

138 Retention/Expansion

Quarterly Economic Update | Q1 2014

Business

Transcript of Quarterly Economic Update | Q1 2014