2011 Annual Report

2011 ANNUAL REPORT

_ About Columbus 2020_ 2011 in Review _ Economic Development System _ Successes _ New Business Development Activity _ Columbus Region Economic Sectors _ Columbus Region Logistics Council _ Highlights & Accomplishments_ Statement of Cash Flow _ Statements of Financial Position_ Statement of Activities_ Board of Directors

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2011 ANNUAL REPORT

ABOUT COLUMBUS 2020: A REGIONAL STRATEGY FOR GROWTH TO MEET OUR ECONOMIC TIMES

Columbus 2020 is a bold public-private partnership that leverages the strengths of The Columbus Region’s talented

workforce, small and large businesses, research and academic institutions, and international connections to ignite

economic growth and build a healthier, more sustainable future for Central Ohio.

The initiative grows our economy by ensuring that our existing companies are growing and thriving, that the world´s

leading companies are attracted to the region, that innovations are cultivated and commercialized, and that our civic

infrastructure is continually improving to meet the challenges of a rapidly evolving world economy.

This unique public-private partnership leverages dollars raised from the private sector and places the Columbus Region

in a competitive position from which it can staff a professional economic development team to market the region and

provide solutions to local businesses.

Goals:

— Add 150,000 net new jobs by 2020

— Increase personal per capita income by 30%

— Add eight billion dollars of capital investment

— Be recognized as a national leader in economic development

The Plan:

Columbus 2020 is focused on four core pillars of economic development:

1. Retain and expand the companies and industries that call Central Ohio home today

2. Attract major employers to establish operations in Central Ohio

3. Create more commercial enterprises by leveraging the region’s research assets and entrepreneurs

4. Improve the civic infrastructure and political conditions that enhance the economic development environment

About Columbus 2020

2011 in Review

Economic Development System

Successes

New Business Development Activity

Columbus Region Economic Sectors

Columbus Region Logistics Council

Highlights & Accomplishments

Statement of Cash Flow

Statements of Financial Position

Statement of Activities

Board of Directors

2011 ANNUAL REPORT

2011 IN REVIEW

Columbus 2020’s leadership insisted on having a bias for action in its first year of operation. The first priority was to build a team

of professionals to lead the effort and to collaborate with the various state and local economic development groups.

Secondly, it was important that a board of directors be put in place to lead the public-private partnership.

Finally, it was critical that the strategy include a sustainable funding model and engage an inclusive group of local governments and

private-sector companies to fund the strategy.

Operationally, the team’s focus was to reach out to local businesses. Along with its local economic development allies in the region’s

11 counties, more than 500 companies were interviewed face to face about their challenges and opportunities for growth. The goal of this

outreach was to better understand the region’s economic base, connect companies with their peers and make them aware of state and

local programming available to support them.

The Columbus 2020 team set a new standard for marketing the region nationally and internationally, with more than 40 business missions

to talk with developing businesses and location advisers in 25 states and six countries. The team uncovered more than 150 qualified

projects, hosted nearly one new company per week to investigate the region firsthand and participated in dozens of projects that have

announced expansions and new jobs in central Ohio.

To help foster entrepreneurship in the region, Columbus 2020 collaborated with TechColumbus to create the First Customer initiative,

which connects technology and biomedical startups with larger companies and institutions in the region. Although the program is in its

early stages, more than 30 Columbus-based entrepreneurs have been engaged thus far. One success story is AKOTA Technologies, whose

software tool has landed a trial engagement with a major healthcare organization as a result of the First Customer initiative.

Although Columbus 2020 had a productive year in 2011, its leaders want to continue the momentum throughout 2012 and beyond.

Broadly, we want the Columbus Region to be recognized as a leader in economic development. With one year down, we think we’re

headed in the right direction.

Kenny McDonald

Chief Economic Officer

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

ECONOMIC DEVELOPMENT SYSTEM — REORGANIZED AND RE-ENERGIZED

Before Columbus 2020

2009

With Columbus 2020

2010-2011

CURRENT JOBSOHIO +

Columbus 20202011-2012

- General Marketing

- Earned Media

- Prospect Management

- 3 Full Time Professionals

- General Marketing- Earned Media- Prospect Management

- Outreach to location advisors

- International marketing

- Hosting of location advisors

- Regional branding/imaging

- Coordination with 8 counties

- First Customer program

- OSU/Battelle collaboration

- Collaboration with Local Economic Development Organizations

- MODE Collaboration

- Valuable economic research

- General Marketing

- Earned Media

- Prospect Management

- Statewide collaboration- State project management- Multi-Region Collaboration- Expanded to an

11-county region

- Outreach to location advisors

- International marketing

- Hosting of location advisors

- Regional branding/imaging

- Coordination with 8 counties

- First Customer program

- OSU/Battelle collaboration

- Collaboration with Local Economic Development Organizations

- MODE Collaboration

- Valuable economic research

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

About Columbus 2020

2011 in Review


Successes








Board of Directors

SUCCESSES

2Checkout.com

Abercrombie & Fitch

Accel

Access America Transport

Aeroflex High Speed Test Solutions

Airgas Great Lakes Inc

Alcatel Lucent

Alene Candles

Aleris Rolled Products Inc

Algaeventure Systems, Inc.

American Howa

Anomatic

Aoki

Apelles, Inc.

Ares Sportswear Ltd

ArmourSource

Armstrong World Industries

Arnett & Foster PLLC

Axium Plastics

Bins LLC

BMW Financial Services

Bob Evans

Brickman Facility Solutions LLC

Brickman Group

Cardington Yutaka Technologies, Inc.

Carmel Pharma

Carr Supply Inc.

Catalina Tempering

Celartia, Ltd.

Central Ohio Urology Group

Citi Fund Services Ohio, Inc.

Columbia Gas

Cover My Meds LLC

CSX Transportation Inc.

DariFill, Inc.

DataCenter.BZ

Delta Energy

Diamond Innovations

DSW Inc

Duncan Simonette

Elmer’s Management

Emanagement Ltd. (dba Einformatics)

Equity Resources

Exel

ExpressPoint Technology Services

F.T. Precision

FacilitySource

Fast Switch

Fine Line Graphics Corp.

Frank Brunckhorst Company, LLC

General Data Company

GenPak LLC

GFS Chemicals Inc.

Green Gourmet

Harry & David

Health Spot

HealthCare DataWorks Inc.

Honda

Honda R&D Americas

Infomotion Sports Technologies

Insight Bank

Insight Global

Inventiv Communications/ GSW

Iosil Energy Corporation

J&K Futures, LLC dba Primrose of Gahanna

J.E.S Wholesale

Janova

Jeyes

JPMorganChase

Kern, Inc.

Knowlton Development Corp.

Kraft Foods/ Schenker

Lakeshore Cryotronics, Inc.

Limited Brands Inc.

ManPower Professional

Manta Media Inc.

Meadowbrook Meat Co

Mediu, Inc.

Mettler Toledo

Midwest Express Inc.

Momentive Performance Materials

Morgan Stanley Smith Barney

Nationwide Children’s Hospital

Nationwide Insurance

Netsmart Technologies

Nissen Chemitec

Nutis Press Inc.

OhioHealth

Optimum Plastics Inc.

Oxford Consulting Group

Pacer International Inc.

PACS

Pactiv

PercuVision LLC

Pet People

PharmaForce

Polymera, Inc.

Portfolio Creative

Premium Beverage

Progressive Insurance

Progressive Medical

Prosper Business Development

Rich’s Products

Rimrock Corp.

SB Capital Group

Schwarz Paper Co.

SCR-Tech LLC

Sedgwick CMS

Sika Corp.

Simonton Building Products, Inc.

Smart Bill

Socius

Sonoco Plastics

St. Ann’s Hospital

Stanbury Development

Staples

Star Dynamics Corporation

Star Wipers

Sterling Commerce

Stewart Ratcliff Aviation Services Inc.

Teleperformance

The Orchard & Company

Thirty-One Gifts LLC

Tower Wireless

TransMap Corp

Turner Construction

Union Supply Co./Food Express

United Retirement Plan Consultants

Updox

Vee Pak of Ohio

We Create Goodness LLC

Wendy’s

Znode, Inc.

Zulily

2011 ANNUAL REPORT

About Columbus 2020

2011 in Review


Successes








Board of Directors

SUCCESSES

ExpressPoint is an industry-leading depot repair and supply chain service company that will open a logistics and

repair facility in Grove City. The company received a five-year incentive agreement from Grove City and in the first year

would get a 50 percent rebate, receiving an estimated $10,000 in employee income taxes. ExpressPoint plans to lease

a 78,000-square-foot facility, bringing 30 new jobs to the city with an average wage of $17.50 per hour. Headquartered

in Minneapolis, ExpressPoint decided to move to the Columbus region after a logistics study showed that central Ohio

would be a better location to serve its customers. The company is expected to start the move to Grove City in October

and be fully operational in February.

zulily is an online store offering daily sales events on products for mothers, young children and babies. The company

will be opening a fulfillment center in the Columbus Region and has signed a lease for 600,000 square feet in the

Village of Obetz. The project will create 580 jobs within a three-year period with a total payroll of over $14 million.

The Columbus Region was in competition with Northern Kentucky and Eastern Pennsylvania for the project. zulily

is headquartered in Seattle and manages a Western U.S. fulfillment center in Reno, NV.

2011 ANNUAL REPORT

Aoki Manufacturing, a Japanese-owned manufacturer of automobile parts, purchased a 55,000-square-foot building

on the west side of Columbus. It’s their first plant location outside of Japan. A Tier II supplier to Honda, the company

specializes in brakes, pistons and other precision parts.

Anomatic is a consumer-products packaging company that supplies Limited Brands’ Bath & Body Works. The company

received a 50 percent, seven-year tax credit from the state and additional incentives from the city of New Albany. The

company, which plans to build a 65,000-square-foot plant in New Albany, says that site will generate $4.8 million in

payroll over the next few years, with jobs paying an average wage of $12.50 per hour. The New Albany site was chosen

over other locations under consideration in Kentucky and Mexico. Founded in Chicago in the early 1960s, Anomatic has

reached capacity at its operation in Newark, where it employs about 650 people in headquarters and manufacturing functions.

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

NEW BUSINESS DEVELOPMENT ACTIVITY

2011 Economic Development Missions, Visits and Conferences

In 2011, the Columbus 2020 team traveled across the U.S. and the globe,

visiting 30 U.S. cities in 25 states and 6 foreign countries.

In 2011, the cumulative number of “attract” projects handled by Columbus 2020 rose above the target goal in March

and remained so afterward. There were 154 projects initiated during the year, 23% above the target number of 125.

There were 51 first-time visits in 2011, 15% below the target number of 60.

Connecticut

NYCPhiladelphia

Pittsburgh

Washington, DC

CharlotteGreenvilleAtlanta

New OrleansAustin

Dallas

St. Louis

Indianapolis

Cleveland

Detroit

Chicago

Minneapolis

Omaha

Denver

Albuquerque

Salt Lake City

Park CityNorthernCalifornia

Portland

Las Vegas

San DiegoPalm Springs

Seattle

L.A.

Pasadena

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

COLUMBUS REGION ECONOMIC SECTORS

Manufacturing

There are nearly 1,800 manufacturers in the Columbus Region, and manufacturing contributed

$9.1 billion to regional economic output. Manufacturers in the region experienced 43% increase

in productivity (output per worker) from 2001 to 2010.

Logistics

Forty seven percent of Americans and 33% of the Canadian population are accessible within a 1

day truck drive of the Columbus Region. The region also boats a world-class multi-modal infrastructure

including two national and one regional rail carrier, cargo dedicated airport, a highly rated highway

network, and four intermodal facilities handling 800,000 containers lifts annually, with land and

capacity to grow.

Science & Technology

The Columbus Region is home to the world’s leading private research institution, Battelle

Memorial Institute, and Forbes Magazine ranked Columbus the third best city for tech jobs.

The region also boasts 54 college and university campuses, and The Ohio State University’s

research expenditures alone totaled nearly $830 million.

Continued >

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

Headquarters and Business Services

Financial and business services account for nearly $39 billion in annual economic output in the

Columbus Region, where fifteen Fortune 1000 and 6 Fortune 500 companies are headquartered.

Agribusiness

Agribusiness accounts for $17.7 billion in economic output, or 11% of the regional economy.

The Columbus Region has seen dramatic growth in agricultural and food science technicians

and scientists, and 51,530 people are employed in the agribusiness sector.

International Business

Over 644 internationally-owned business establishments call the Columbus Region home.

Japan, the United Kingdom and Canada are the largest foreign investors in the region.

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

The Columbus Region Logistics Council (CRLC) serves as the catalyst for the growth of the Region’s logistics capability.

The CRLC leads the implementation of a strategic roadmap that focuses on the following:

1. Fostering a logistics-friendly business environment

2. Continuing to develop advanced logistics infrastructure

3. Infusing world-class logistics technology into the Region

4. Building a high-skill workforce

Columbus 2020 continues to work with the CRLC and great partners like the Columbus Regional Airport Authority

to retain and attract world-class logistics providers.

In 2011, Columbus 2020 commissioned a detailed analysis of the region’s logistics competitiveness, which highlighted

the great strengths and evolving challenges in continuing to glow the cluster. Curtis Spencer, President of IMS

Worldwide, who conducted the study said, “our findings indicate that the Columbus Region is indeed still in the top

tier of sites selected for efficient and predictable distribution of goods.”

CRLC LinkedIn:

About Columbus 2020

2011 in Review


Successes








Board of Directors

http://www.linkedin.com/groups?gid=2957195

www.linkedin.com/groups?gid=2957195

2011 ANNUAL REPORT

2011 HIGHLIGHTS & ACCOMPLISHMENTS

Organizational Development

• Established an 11-person Board of Directors

• Hired talented people to execute the strategy

• Helped create the JobsOhio Network

• Raised over $30 million from public/private investors to execute the strategy for the next 5 years

Business Development

• Generated more than 150 qualified projects

• Conducted more than 40 business development missions across North America

• Hosted 50 new companies considering our market

Marketing / Media Relations

• Created the ColumbusRegion.com website to market the entire 11-county region

• Created videos, testimonials and print advertisements

• Conducted worldwide media relations and hosted journalists on a regular basis

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

Existing Business Services

• Provided research to prioritize company outreach by local economic development organizations

• Called on more than 500 existing companies to gather information about their needs/wants

• Began to act as the regional liaison through the JobsOhio Network to assist businesses

• Provided software and training to manage a common database

Accelerating Entrepreneurship

• Assisted in the creation of a “first-customer” program to accelerate growth

• Worked closely with TechColumbus and other area support organizations to align with JobsOhio

• Collaborated with The Ohio State University, Battelle and other allies

Improving our Civic Infrastructure

• Conducted three quarterly economic development forums

• Held a half-day regional dialogue with 300+ attendees

• Assembled the building blocks of a public/private partnership along with:

– 25 public/non-profit organizations

– 200 private sector investors

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

STATEMENT OF CASH FLOW

For the Period Ended December 31, 2011

Unaudited

Cash Flows from Operating Activities:

Change in Net Assets $ 978,169

Adjustments to reconcile change in net assets to net cash provided by operating activities:

Depreciation and Amortization 58,899

Changes in Certain Assets and Liabilities:

(Increase) decrease in Assets:

Pledge Receivable 45,750

Prepaids and Other Current Assets (13,507)

Increase (decrease) in Liabilities:

Accounts Payable (186,542)

Accrued Expenses 349,025

Total Adjustments 253,625

Net Cash Provided by Operating Activities $ 1,231,794

Cash Flow from Investing Activities:

Purchases of Property and Equipment (465,155)

Net Cash Provided by Operating Activities $ (465,155)

Cash Flow from Financing Activities:

Note Payable 434,177

Net Cash Provided by Financing Activities $ 434,177

Net Increase in Cash and Cash Equivalents $ 1,200,815

Cash & Equivalents at Beginning of Year $ 469,392

Cash & Equivalents at End of Year $ 1,683,692

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

STATEMENTS OF FINANCIAL POSITION

As of December 31, 2011

Unaudited

Assets

Current Assets:

Cash and Cash Equivalents $ 1,683,692

Accounts Receivable, net 400,000

Grants Receivable 250,000

Prepaid and Other Current Assets 38,507

Total Current Assets 2,372,199

Property and Equipment:

Furniture, Fixtures and Equipment $ 203,347

Leasehold Improvements 360,446

Total Property & Equipment 563,793

Less: Accumulated Depreciation (59,115)

Net Property and Equipment 504,678

Total Assets $ 2,876,877

Current Liabilities:

Accounts Payable $ 85,298

Accrued Expenses 453,528

Due to Other Organizations –

Notes Payable (ST) 61,477

Total Current Liabilities 600,303

Notes Payable (LT) 372,700

Total Liabilities $ 973,003

Net Assets:

Unrestricted $ 1,462,874

Temporarily Restricted 441,000

Total Net Assets 1,903,874

Total Liabilities and Net Assets $ 2,876,877

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

STATEMENT OF ACTIVITIES

For the Period Ended December 31, 2011

Unaudited

Public Support and Revenues

Private Sector Contributions $ 3,577,733

Public Sector Contributions 1,308,855

Grants 514,794

In Kind Contributions 14,923

Miscellaneous 47,197

Total Revenues $ 5,463,502

Expenses

Personnel Costs $ 1,796,101

Occupancy & Related 247,226

Program Costs 2,442,006

Total Expenses $ 4,485,333

Change in Net Assets $ 978,169

Net Assets at Beginning of Year 925,705

Net Assets at End of Year $ 1,903,874

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 ANNUAL REPORT

BOARD OF DIRECTORS

ChairmanAlex FischerPresident and CEO The Columbus Partnership

TreasurerJack PartridgePresident, Columbia Gas of Ohio

SecretaryEric PhillipsCEO, Union County Chamber of Commerce

PresidentKenny McDonald, CEcD* Chief Economic OfficerColumbus 2020

Additional Columbus Region Board Members include:

Laing Akers*Senior Attorney Squire Sanders

David BlomPresident and CEO OhioHealth

Marilyn BrownFranklin County Board of Commissioners

Michael ColemanMayor, City of Columbus

Charles DutchCenter DirectorBoeing Corporation

John C. Fisher Executive Vice PresidentOhio Farm Bureau

Michael Goldbeck* CFOColumbus Chamber

Michael KellerExecutive Vice President and CIO Nationwide

Gregory R. OvermyerCEO, Overmyer & Associates

Dr. Mark SmithPresidentOhio Christian University

David Williams, Ph.D, Sc.D.Dean & Presidential Professor College of Engineering The Ohio State University

*denotes Ex-Officio

About Columbus 2020

2011 in Review


Successes








Board of Directors

2011 Annual Report

Business

valuable economic

cash flow

economic development

financial

central ohio

highlights

location advisors

continued