FDC Bi-Monthly Economic and Business Update. October 26, 2016
Monthly Economic Update | June 2013
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Transcript of Monthly Economic Update | June 2013
JUNE 2013 PERFORMANCE
CASE STUDY: COMPASS DATA CENTERS
Jobs: 26 created
Capital investment: $61.3 million
Facilities: Data center
1
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2013
PROJECTS JUNE 2013 AND YEAR-TO-DATE
NUMBER OF PROJECTS (2013 v. 2012) FIRST-TIME VISITS (2013 v. 2012)
JUNE 2013
12 projects started
- 120 year to date
4 first time visits 25
11
27 24
20
44
16
30
20 23
28
7
19
25
19 21
24
12
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
0
3
6
9
12
15
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 2013
Compass Data Centers has committed to building the
first of its five planned 21,000 square foot data centers in
New Albany. At full completion, the project will include
26 full time jobs and $61.3 million of capital investment.
Headquartered in Dallas, Compass Data Centers has
existing data centers in Raleigh and Nashville. The
company decided to enter the Columbus Region based
on potential customer demand. The City of New Albany
approved a 65 percent, 7-year property tax abatement to
secure the investment.
2
ATTRACTION PROJECTS:
DOMESTIC/INTERNATIONAL
ATTRACTION PROJECTS:
SUSPECTS AND PROSPECTS
ATTRACTION PROJECTS:
PROJECTS BY SECTOR
ATTRACTION PROJECTS:
PROJECTS BY SOURCE
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2013
ACTIVE PROJECTS AS OF JUNE 30, 2013
TOTAL ACTIVE PROJECTS
(132 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
61
14
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.
57%
43%
New Existing
88%
9%
3%
Columbus 2020
Local ED partners
JobsOhio
74%
16%
10%
Columbus 2020
Local ED partners
JobsOhio
28
4 8
17
0
5
10
15
20
25
30
35
30
10
20
15
0
5
10
15
20
25
30
35
65%
35%
Domestic International
86%
14%
Domestic International
BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
JUNE 2013 COMPLETED ACTIVITIES
JULY 2013 PLANNED ACTIVITIES
BUSINESS DEVELOPMENT MISSIONS:
Detroit, Northern & Southern California
3
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2013
Pittsburgh: The 2020 team attended the 2013 RAPID conference to meet with companies and learn about current trends and developments in the additive and 3D manufacturing industry.
New York City: The 2020 team, along with the City of Columbus, participated in the Intelligent Community Forum (ICF) Summit, networking and learning from other Top7 ICF finalists and alumni.
Minneapolis: The 2020 team attended the Area Development Consultants Forum to participate in manufacturing-focused economic development sessions and to meet with companies.
JUNE 2013 Performance:
19 Visits in June (191 YTD)
Visits conducted by:
CASE STUDY: ISS AMERICA CASE STUDY: ZIPLINE LOGISTICS
Jobs: 20 created
Capital investment: $3 million
Facility: Manufacturing
Jobs: 40 created
Facility: Headquarters
4
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2013
BUSINESS RETENTION & EXPANSION | JUNE 2013
BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR
ISS America, Inc., a manufacturer and distributor of
automotive engine components, announced it will
invest $3 million in the Columbus Region to expand
its existing Bellefontaine facility. The expansion will
over the next three years.
ISS produces knock pins, dowel pins and joint pipes
for automobile engines and transmissions. Opening
its Logan County facility in 2010, ISS America
serves as a tier-one supplier for Honda. In its
decision to expand here, the company cited the
Region's strategic location and base of automotive
customers.
37%
53%
10% Columbus2020 only
Local EDpartner only
Both 2020and LEDO
7
3 2
3 4
0
2
4
6
8
10 6
3
6
4
0
1
2
3
4
5
6
7
Zipline Logistics LLC plans to nearly triple its
workforce over the next three years and invest
approximately $200,000 in IT equipment and
employee training. To accommodate its growth,
the company will move from its existing Grandview
Heights location to a larger, to-be-determined
facility within the Columbus Region.
A national transportation firm focused on customer
service and using the highest quality carriers,
Zipline Logistics has earned national praise, being
recognized for the past two consecutive years as
-growing private
companies in the U.S.
Source: U.S. Patent and Trademark Office
10X PROGRAM
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 | JUNE 2013
The 10xelerator program is once again open to applications for
entrepreneurs to particate in a mentorship-driven investment
program managed by Founders Factory, with support from
Columbus 2020 and other community organizations. 10X is an
innovative business accelerator focused on maximizing the
probability of creating scalable businesses.
Since its inception 18 months ago, 10X has helped 27 startup
companies, including Acceptd, Acclaimd and Resition. In this
round, while 10X remains open to any technology startup, the
program will seek to focus on big data, education technology,
cybersecurity, and logistics and retail. Applications are due July
14. For more information, go to http://10xelerator.com/.
1,127
1,363 1,319
1,074
500
750
1000
1250
1500
Feb Mar Apr May
199 186
238
191
0
50
100
150
200
250
300
Feb Mar Apr May
98
22
91
18
85
24
99
27
Inventor Assignee
Feb Mar Apr May
WORKFORCE
6
ECONOMIC DEVELOPMENT NEWS
COLUMBUS IN THE NEWS
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2013
TRANSPORTATION & INFRASTRUCTURE
Ohio earns A's in manufacturing, logistics and global
reach
Conexus Indiana's 2013 Manufacturing and Logistics National
Report gives Ohio top marks for industry health and market
access. http://bit.ly/11RE2N1
Columbus no. 7 best city for new college graduates to
live
Financial literacy website NerdWallet puts Columbus in the
top ten based on population ages 18-24, bars per 1,000
residents, walkability, cost of living and unemployment rate.
http://bit.ly/11YnuZz
Fort Worth has Columbus envy
In a pitch to local companies to fund economic development,
Fort Worth officials look to Columbus as a model.
http://bit.ly/19nkUga
Columbus no. 11 military-friendly city
Columbus is listed among the top cities in the U.S. based on
presence of military-friendly employers and schools, veteran-
owned businesses, and low cost of living and unemployment.
http://militaryfriendly.com/city
For all of the latest news, visit:
http://columbusregion.com/news-events-reports/in-the-
media
Columbus Region Logistics Council job fair
On August 8, the Columbus Region Logistics
Council and the Columbus Chamber of Commerce,
in cooperation with Columbus State Community
College, will hold the next semi-annual logistics job
fair. The event brings together logistics employers
and job seekers, helping to fill industry needs in
operations, business development, transportation,
warehousing, office administration and other
functions. For more information, go to:
http://bit.ly/12pJnvc.
Rickenbacker adds cargo flights to Hong Kong
Luxembourg-based Cargolux Airlines International
will start a twice-weekly service from Rickenbacker
Airport to Hong Kong with cargo flights on Sundays
and Thursdays. This doubles the current number of
cargo flights between Rickenbacker and Hong
Kong. Kalitta Air, a Michigan-based cargo airline,
currently operates two weekly flights on the route.
The Columbus Region's fashion industry is a key
demand factor for the addition of flights.
Source: Xceligent Source: Columbus Board of Realtors
7
HOUSING SALES
$15.43
$2.96
$9.25
Industrial
Retail
7.2%
9.9%
Source: U.S. Bureau of Labor Statistics, Local Area Unemployment
Statistics, Seasonally Adjusted
Source: Ohio Department of Job and Family Services
Direct
Asking Rent
(per sf)
Vacancy
RateUse
Office 16.1%
COMMERCIAL REAL ESTATE
(AS OF JULY 3)
COLUMBUS 2020 MONTHLY UPDATE | JUNE 2013
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (May 2013) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 4/6/13 TO WEEK ENDING 6/29/13)
7.2% (-0.4)
Marion
27,048 (-521)
6.6% (-0.4)
Knox
27,710 (+44)
Unemployment
rate
(May 2013)
Number
employed
residents
(May 2013)
Change from
May 2012 to
May 2013
4.7% (-0.3)
Delaware
90,107 (+502)
5.9% (-0.2)
Fairfield
70,448 (+359)
5.8% (-0.4)
Franklin
591,314 (+2,808)
6.3% (-0.1)
Licking
79,713 (+425)
6.3% (-0.1)
Madison
18,864 (+96)
7.4% (+0.0)
Morrow
16,121 (+101)
7.1% (-0.1)
Pickaway
22,710 (+110)
5.3% (+0.1)
Union
25,558 (+136)
6.3% (-0.2)
Logan
21,484 (-190)
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
4/6
4/1
3
4/2
0
4/2
7
5/4
5/1
1
5/1
8
5/2
5
6/1
6/8
6/15
6/22
6/29
Continuing New
3,522 3,214
2,170
$167K
4,213 3,927
2,756
$177K
NewListings
InContracts
ClosedSales
AverageSales Price
May 2012 May 2013