Monthly Economic Update | July 2014
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Transcript of Monthly Economic Update | July 2014
MONTHLY ECONOMIC
UPDATE
columbusregion.com 614-225-6063
JULY 2014
Jobs: 900 created
Investment:
Facilities: Call Center
1
$530,000
CASE STUDY: ZULILY
COLUMBUS 2020 MONTHLY UPDATE | JULY 2014
PROJECTS JULY 2014 AND YEAR-TO-DATE
FIRST-TIME VISITS (2013 vs. 2014)NUMBER OF PROJECTS STARTED
(2013 vs. 2014)
PERCENT OF PROJECTS STARTED - MANAGED
BY COLUMBUS 2020 (2013 vs. 2014)
87% 89%
100%
72%
76%
69%
77%
68%
65%
80% 81%
65%
85%
79%
70% 77%
50%
83%
68%
0%
20%
40%
60%
80%
100%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2014
2
5 4 4
7
5
8
5 4
7
4 3
2 3
4 5
4
3
1
0
4
8
12
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2014
23
28
17
25 29
16
22 19
17 20
16 20 20
24 20
30
22 24
19
0
10
20
30
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2014
zulily, inc., a fast growing e-commerce retail company, is
expanding in Central Ohio and adding 900 new jobs over
the next three years. Its new call center facility will be
temporarily located in Gahanna until a permanent location is
chosen. zulily already has a notable presence in the Region
with a fulfillment center in Obetz employing nearly 700
people. The new location will make the Columbus Region
home to the largest concentration of employment for the
company.
zulily has already begun the hiring process on their website
and will also host a job fair in mid-August to fill the new
positions.
**Balance of started projects sourced/managed by JobsOhio
2
ATTRACTION PROJECTS:
DOMESTIC/INTERNATIONAL
ATTRACTION PROJECTS:
SUSPECTS AND PROSPECTS
ATTRACTION PROJECTS:
PROJECTS BY SECTOR
ATTRACTION PROJECTS:
PROJECTS BY SOURCE
COLUMBUS 2020 MONTHLY UPDATE | JULY 2014
ACTIVE PROJECTS AS OF JULY 31, 2014
TOTAL ACTIVE PROJECTS
(149 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
66
38
0
20
40
60
80
100
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.
70%
30%
New Existing
61%
6%
33%
Columbus 2020
Local ED partners
JobsOhio
62% 18%
20%
Columbus 2020
Local ED partners
JobsOhio
17
24
4
0
5
10
15
20
25
30
35
40
39
13
42
10
0
5
10
15
20
25
30
35
40
45
53%
47%
Domestic International
82%
18%
Domestic International
BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
JULY 2014 COMPLETED ACTIVITIES
AUGUST 2014 PLANNED ACTIVITIES
Denver
Walmart US Manufacturing Summit
Las Vegas
SelectUSA Apparel Industry Investment Meeting
3
COLUMBUS 2020 MONTHLY UPDATE | JULY 2014
Columbus: The Columbus 2020 team hosted journalists to showcase the Region's retail industry.
San Diego: The Columbus 2020 team traveled to San Diego to hold a meeting with a company engaged with an active project in the Columbus Region.
JULY 2014 Performance:
35 visits in July (204 YTD)
Visits conducted by:
CASE STUDY: MPW INDUSTRIAL SERVICES
Jobs: 25 created
Investment:
Facilities: HQ, Engineering and Industrial Services
4
$4.4 million
COLUMBUS 2020 MONTHLY UPDATE | JULY 2014
BUSINESS RETENTION & EXPANSION | JULY 2014
BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR
MPW Industrial Services, a leading provider of technology-
based industrial cleaning, facility management, water
purification and container management services is
expanding its Columbus Region presence. The company is
building a new 40,000 square foot building in Union
Township, Licking County. The $4.4 million dollar
investment will go toward construction costs, infrastructure,
and machinery and equipment purchases. Additionally,
MPW will add 25 new, engineering focused jobs over the
next three years.
MPW Industrial Services' founder and CEO credits the
Columbus Region's workforce as a top reason behind its
expansion, noting the engineering and IT expertise here.
40%
23%
37%
Columbus2020 only
Local EDpartner only
Both 2020and LEDO
13
11
4 4 3
0
3
6
9
12
15
7 7
20
1
0
5
10
15
20
25
Source: U.S. Patent and Trademark Office
CASE STUDY: RECONSERVE OF OHIO
Jobs: 16 created
Investment: $9.1 million
Facilities: Agbioscience, Manufacturing
5
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.
BUSINESS CREATION
BUSINESS DISSOLUTIONS,
SURRENDERS, WITHDRAWALS
PATENTS BY REGION INVENTORS &
ASSIGNEES
NEW BUSINESS REGISTRATION*
COLUMBUS 2020 MONTHLY UPDATE | JULY 2014
ReConserve of Ohio, part of ReConserve Inc., is building a new
50,000 square foot processing facility in Marion, Ohio. The
company is a leading waste removal service and recycler of food
byproducts in the United States; the recycled food waste is then
reprocessed, distributed and sold for livestock consumption.
The $9.1 million investment includes the new building
construction, purchase of new machinery and equipment, rail
access upgrades and training for 16 newly created jobs. The
attraction of ReConserve of Ohio to the Marion location
increases the presence of the agbioscience industry in the
Columbus Region.
1,446 1,390
1,211 1,226
500
750
1000
1250
1500
Mar Apr May Jun
198 202 188
142
0
50
100
150
200
250
300
Mar Apr May Jun
60
19
113
31
85
36
83
25
Inventor Assignee
Mar Apr May June
6
ECONOMIC DEVELOPMENT NEWS
COLUMBUS 2020 MONTHLY UPDATE | JULY 2014
TRANSPORTATION & INFRASTRUCTURE POLICY & ADVOCACYCOLUMBUS REGION IN THE NEWS
Retail employment rebounding in Franklin County
According to the 2014 Franklin County Retail Report, retail
employment has grown in the past two years compared to
declines since 2001. The report also discusses jobs migrating
to e-commerce and a similar seasonal hiring pattern as
retail. http://bit.ly/USyMwA
Biotech industry strong in Ohio
The latest jobs report from Battelle showed bioscience
employment grew by 2.2 percent from 2007 to 2012 and
increased in four of the five biotech sectors during the same
timeframe. http://bit.ly/1srMx1A
Columbus ranked No. 3 for concentration of fashion
designers
A study of design concentrations in the U.S. revealed
Columbus as No. 3 in concentration of fashion designers,
behind New York and L.A. Columbus is the site of
headquarters for DSW, Abercrombie & Fitch and L Brands,
which owns Victoria's Secret. http://bit.ly/1qRDLeO
For all of the latest news, visit:
http://columbusregion.com/Media-center/Recent-
News.aspx
Port Columbus pursues nonstop San Francisco air
service
With the help of the Jobs, Expansion &
Transportation (JET) Task Force, Port Columbus is
in talks with United Airlines to add nonstop flight
service to San Francisco. The west coast city is the
most popular destination from Columbus without
direct service with approximately 140 people flying
to San Francisco daily and the same number flying
to Columbus.
David Whitaker, vice president of business
development for the Columbus Regional Airport
Authority, along with the taskforce believe the
nonstop flight service will have local economic
benefit for companies doing business in both
regions.
For more information, visit: http://bit.ly/W3x8cN
Export business ramping up at Rickenbacker
Officials of the Columbus Regional Airport Authority
are working with Cathay Pacific and Cargolux to turn
Rickenbacker Airport into an export destination for
regional businesses. In September, Consolidated
Aviation Services will provide warehouse handling
services of import and export cargo at Rickenbacker.
Rickenbacker's central location is a selling point for
Ohio businesses exporting cargo and provides a closer
option than Chicago and New York. Cincinnati,
Cleveland, Detroit and Indianapolis are all within a
three hour drive from Rickenbacker and additionally
stand to benefit from a high quality, lower cost export
option.
For more information, visit: http://bit.ly/1pWu0GX
11-County Columbus Region = 3.9%
Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted
Source: Xceligent Source: Columbus REALTORS
7
$3.05
$9.36
Industrial
Retail
6.0%
9.0%
Source: Ohio Department of Job and Family Services
Direct
Asking Rent
(per sf)
Vacancy
RateUse
Office 14.1%
COMMERCIAL REAL ESTATE
(AS OF JULY 31)
HOUSING SALES
$16.22
COLUMBUS 2020 MONTHLY UPDATE | JULY 2014
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (JUNE 2014) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 5/3/14 TO WEEK ENDING 8/2/14)
4.7% (-3.4)
Marion
26,660 (-199)
3.8% (-3.1)
Knox
29,223 (+757)
Unemployment
rate
(June 2014)
Number
employed
residents
(June 2014)
Change from
June 2013 to
June 2014
3.6% (-1.7)
Delaware
93,824 (+1,529)
4.0% (-2.2)
Fairfield
72,378 (+1,378)
3.9% (-2.3)
Franklin
612,644 (+10,989)
4.0% (-2.9)
Licking
81,793 (+1,580)
4.4% (-1.5)
Madison
19,165 (+387)
4.5% (-3.3)
Morrow
16,556 (+327)
4.8% (-3.0)
Pickaway
23,425 (+470)
3.5% (-2.1)
Union
26,180 (+501)
3.3% (-3.1)
Logan
22,802 (+289)
0
400
800
1,200
1,600
2,000
2,400
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
5/3
5/1
0
5/1
7
5/2
4
5/3
1
6/7
6/14
6/2
1
6/28
7/5
7/1
2
7/1
9
7/2
6
8/2
Continuing New
3,950
3,721
2,952
$196K 3,903
3,486
2,856
$201K
NewListings
InContracts
ClosedSales
AverageSales Price
June 2013 June 2014