Quarterly Economic Update

Q3QUARTERLY ECONOMIC

UPDATE2013

Q3

columbusregion.com 614-225-6063 With economic analysis from Regionomics™ LLC

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.

1

QUARTERLY ECONOMIC UPDATE | Q3 2013

EMPLOYMENT, LABOR FORCE, UNEMPLOYMENT RATES

COLUMBUS REGION UNEMPLOYMENT

RATE September Columbus MSA and Ohio employment

estimates not available due to the shutdown: These

will be issued with the October estimates on

November 22. This analysis examines trends through

August.

Columbus MSA employment reaches another record

in August: Columbus MSA employment increased

4,000 (0.4 percent) from June through August to

969,400. Ohio employment fell 0.1 percent and U.S.

employment increased 0.2 percent. Employment

growth over the past 12 months was 16,800 (1.8

percent) for the MSA, 0.6 percent for Ohio, and 1.6

percent for the U.S.

Regional unemployment rate steady: The 11-county

-adjusted unemployment

rate was 6.2 percent in August, equal to the June rate.

Ohio and U.S. rates were both 7.3 percent in August.

(The U.S. rate was 7.2 percent in September.)

The number of employed residents fell 7,500 from June

while the labor force fell 7,900, leading to the stable

unemployment rate.

Gap between normal and actual labor force growth

increases: The difference between reported labor force

and the level assuming normal growth increased 10,000

from June to 49,000.

90.0

92.0

94.0

96.0

98.0

100.0

102.0

104.0

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

5/13

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

5/13

Columbus Region Ohio U.S.

920

970

1,020

1,070

1,120

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

5/11

9/11

1/12

5/12

9/12

1/13

5/1

3

Th

ou

san

ds

Labor force

Labor force, normal growth

Resident employment

The Columbus 2020 economic update for the third

quarter of 2013 covers regional economic data and

economic development activities year to date, with a

focus on July to September. The analysis of the

regional economy (pages 1 to 9) was prepared by Bill

LaFayette, Ph.D., RegionomicsTM LLC.

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.

2


EMPLOYMENT BY INDUSTRY

LOGISTICS: TRANSPORTATION,

WAREHOUSING & WHOLESALE

MSA SHARE OF EMPLOYMENT BY INDUSTRY,

AUGUST 2013

Logistics 8.6% Manufacturing

7.0%

Professional & business svcs

15.0%

Computer design &

related svcs 1.9%

Finance & insurance

6.3% Healthcare & social

assistance 12.3%

Leisure & hospitality

10.0%

Government 16.6%

Retail trade 10.0%

Other 12.5%

80.0

85.0

90.0

95.0

100.0

105.0

110.0

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

5/11

9/11

1/12

5/1

2

9/12

1/13

5/1

3

Ind

ex: 1/

08

= 1

00

.0


75.0

80.0

85.0

90.0

95.0

100.0

105.0

110.0

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

5/1

1

9/11

1/12

5/1

2

9/12

1/13

5/1

3

Ind

ex:

1/0

8 =

10

0.0


80

85

90

95

100

105

110

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

5/1

1

9/11

1/12

5/12

9/12

1/13

5/13

Ind

ex

: 1/

08

= 1

00

.0


80

85

90

95

100

105

110

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

Ind

ex

: 1/

08

= 1

00

.0


80

90

100

110

120

130

140

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

5/1

1

9/11

1/12

5/12

9/12

1/13

5/1

3

Ind

ex: 1/

08

= 1

00

.0


LEISURE & HOSPITALITY

Q3 EMPLOYMENT CHANGE BY INDUSTRY GOVERNMENT RETAIL TRADE

Industry MSA empl. chg. OH US

% % %

Logistics +0.3 +0.8 +0.2

Manufacturing -1.6 -0.7 -0.0

Professional & business services +1.6 +0.5 +0.3

Computer design & related svcs. 0 0.0 +0.2 +0.3

Finance & insurance +0.4 +0.4 +0.2

Healthcare & social assistance -1.4 -0.8 +0.3

Leisure & hospitality -0.8 -0.5 +0.3

Government +2.2 -0.2 -0.0

Retail trade +0.6 +0.8 +0.6

3


EMPLOYMENT BY INDUSTRY (continued)

HEALTHCARE & SOCIAL ASSISTANCE

+600

No.

+200

-1,100

+2,600

+300

-1,700

-800

+3,400

Charts on pages 2 and 3 show that the Columbus MSA

experienced greater-than-average quarterly

employment gains in logistics, business services, finance,

and especially government during July and August.

Logistics has gained 2,700 jobs (3.4 percent) over the

past 12 months, twice the Ohio gain and nearly triple the

U.S. gain.

Business services have been a primary source of

strength locally and nationally. The MSA has gained

5,700 jobs (3.6 percent) over the past 12 months, while

the U.S. gained 3.4 percent. Ohio is up 1.5 percent.

Leisure and hospitality employment is up 4,800 (5.1

percent) from last August, compared to gains of 2.3

percent statewide and 3.7 percent nationally.

90

95

100

105

110

115

120

125

130

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

5/13

Ind

ex: 1/

08

= 1

00

.0


80.0

85.0

90.0

95.0

100.0

105.0

110.0

115.0

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

5/1

1

9/11

1/12

5/12

9/12

1/13

5/1

3

Ind

ex

: 1/

08

= 1

00

.0


80.0

85.0

90.0

95.0

100.0

105.0

110.0

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

5/12

9/12

1/13

5/1

3

Ind

ex

: 1/

08

= 1

00

.0


80.0

85.0

90.0

95.0

100.0

105.0

110.0

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

5/11

9/11

1/12

5/1

2

9/12

1/13

5/13

Ind

ex

: 1/

08

= 1

00

.0


TOTAL PRIVATE SECTOR GOODS-PRODUCING

Q3 EMPLOYMENT CHANGE BY INDUSTRY PRIVATE SERVICE-PROVIDING MINING AND CONSTRUCTION

Industry Ohio change (000) US change (000)

No. % No. %

Total private +18.6 +0.4 +486 +0.4

Mining & construction +1.6 +0.8 +40.1 +0.7

Manufacturing +2.5 +0.4 +0.7 +0.0

Trade, transportation & utilities4.7 +0.5 +133.8 +0.5

Prof. & business services +4.5 +0.7 +110.0 +0.6

Private-sector firms by size

1-49 +197.4 +0.4

50-499 +141.7 +0.3

500+ +146.9 +0.6

Source: ADP Employment Report.

4


ADP EMPLOYMENT REPORT

ADP provides monthly estimates of U.S. and state

employment based on a model applied to the millions of

payroll records that they process. These predict the final

BLS private-sector employment totals, and are the only

Ohio estimates for September currently available.

The table below shows Ohio and U.S. employment

growth for the full third quarter. Ohio growth matched

the national average in total, and matched or exceeded

the average for the larger key sectors estimated by ADP.

Ohio goods-producing businesses (mining, construction,

and manufacturing) performed much better relative to

the U.S. trend than service-providing businesses.

98

100

102

104

106

108

110

1/10

4/1

0

7/10

10/1

0

1/11

4/1

1

7/1

1

10/1

1

1/12

4/12

7/1

2

10/1

2

1/13

4/1

3

7/1

3

Ind

ex

: 1/

20

10 =

10

0.0

Ohio U.S.

98

100

102

104

106

108

110

1/10

4/1

0

7/10

10/1

0

1/11

4/1

1

7/1

1

10/1

1

1/12

4/12

7/12

10/1

2

1/13

4/1

3

7/1

3

Ind

ex

: 1/

20

10 =

10

0.0

Ohio U.S.

96

98

100

102

104

106

108

1/10

4/10

7/10

10/1

0

1/11

4/1

1

7/1

1

10/1

1

1/12

4/12

7/1

2

10/1

2

1/13

4/1

3

7/1

3

Ind

ex

: 1/

20

10 =

10

0.0

Ohio U.S.

96

98

100

102

104

106

108

110

112

1/10

4/1

0

7/10

10/10

1/11

4/11

7/1

1

10/11

1/12

4/1

2

7/12

10/1

2

1/13

4/1

3

7/13

Ind

ex: 1/

20

10 =

10

0.0

Ohio U.S.

MANUFACTURING TRADE, TRANSPORTATION & UTILITIES PROFESSIONAL AND BUSINESS SERVICES

U.S. PRIVATE-SECTOR BY COMPANY SIZE U.S. GOODS-PRODUCING BY COMPANY SIZE U.S. SERVICE-PROVIDING BY COMPANY SIZE

Source: Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics.

5


ADP EMPLOYMENT REPORT (continued)

98

100

102

104

106

108

110

1/10

4/1

0

7/10

10/1

0

1/11

4/1

1

7/1

1

10/1

1

1/12

4/12

7/12

10/1

2

1/13

4/1

3

7/1

3

Ind

ex

: 1/

20

10 =

10

0.0

Ohio U.S.

98

99

100

101

102

103

104

105

106

107

1/10

4/1

0

7/10

10/1

0

1/11

4/1

1

7/1

1

10/1

1

1/12

4/12

7/1

2

10/1

2

1/13

4/1

3

7/1

3

Ind

ex

: 1/

20

10 =

10

0.0

Ohio U.S.

98

100

102

104

106

108

110

112

114

1/10

4/1

0

7/10

10/1

0

1/11

4/1

1

7/1

1

10/1

1

1/12

4/12

7/1

2

10/1

2

1/13

4/1

3

7/1

3

Ind

ex

: 1/

20

10 =

10

0.0

Ohio U.S.

98

100

102

104

106

108

110

112

1/10

4/1

0

7/10

10/10

1/11

4/1

1

7/11

10/11

1/12

4/1

2

7/12

10/12

1/13

4/1

3

7/1

3

Ind

ex:

1/2

010

= 1

00

.0

1-49 50-499 500+

98

100

102

104

106

108

110

112

1/10

4/1

0

7/10

10/10

1/11

4/1

1

7/11

10/11

1/12

4/1

2

7/12

10/12

1/13

4/1

3

7/1

3

Ind

ex:

1/2

010

= 1

00

.0

1-49 50-499 500+

98

100

102

104

106

108

110

112

1/10

4/1

0

7/10

10/1

0

1/11

4/1

1

7/1

1

10/1

1

1/12

4/1

2

7/12

10/1

2

1/13

4/1

3

7/1

3

Ind

ex:

1/2

010

= 1

00

.0

1-49 50-499 500+

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.

6

AIRPORT PASSENGERS & CARGOCOMMERCIAL REAL ESTATE


8.0

10.0

12.0

14.0

16.0

18.0

20.0

22.0

20

07

-Q1

20

07-Q

2

20

07

-Q3

20

07

-Q4

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

Pe

rce

nt

Columbus U.S.

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Q1 Q2 Q3 Q4

Th

ou

sa

nd

s o

f P

asse

ng

ers

2009 2010 2011 2012 2013

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

san

ds o

f P

ou

nd

s

2009 2010 2011 2012 2013

10.0

12.0

14.0

16.0

18.0

20.0

22.0

20

07

-Q1

20

07-Q

2

20

07

-Q3

20

07-Q

4

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

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.

7

RESIDENTIAL SALES, COLUMBUS MLS

AREA

RESIDENTIAL BUILDING PERMITS,

COLUMBUS MSA


HOUSING

September building permit release delayed by the

shutdown. Building permits issued during July and

August in the Columbus MSA were up 27.1 percent from

the same months of 2012, compared to a 15.7 percent

U.S. increase. Units in multi-unit structures again

accounted for a majority of permits. These were 56.8

percent of local permits, but only 33.1 percent of

national permits.

Single-unit permits issued during July and August

were 31.3 percent higher than in 2012, compared to a

27.0 percent nationwide increase.

Number of home sales in Columbus during the third

quarter up 23.9 percent: Home sales in the Columbus

Multiple Listing Service (MLS) area (larger than and

somewhat different from the Region) totaled 7,780

during the third quarter, up from 6,281 in 2012.

Nationally, home sales during the quarter were 14.6

percent higher than last year, and were 18.9 percent

higher in the Midwest.

The dollar volume of home sales in the Columbus MLS

area totaled $1.433 billion during the third quarter, 22.2

percent greater than during the third quarter of 2012.

0

500

1,000

1,500

2,000

2,500

Q1 Q2 Q3 Q4

Nu

mb

ne

r o

f P

erm

its

2009 2010 2011 2012 2013

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

2009 2010 2011 2012 2013

-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

Pe

rce

nt

Ch

an

ge

Columbus MLS

U.S.

MSA HOUSE PRICE CHANGE, 1ST QUARTER 2007 TO 2ND QUARTER 2013

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

Source: Federal Housing Finance Agency House Price Index.

8


HOUSING (continued)

FHFA HOUSE PRICE INDEX, 1ST QUARTER 2007 -

2ND QUARTER 2013

House prices in Columbus slightly higher year-over-

year: Columbus MSA house prices in the second quarter

were up 3.8 percent from a year earlier, compared to

gains of 3.3 percent in Ohio and a 7.2 percent gain at the

national level. The local change ranked 49th among the

63 million-plus regions in the U.S.

New House Price Index debuts: The FHFA has

seasonally-adjusted its House Price Index and revised it

to reflect the 2013 MSA delineations. The base date of

the chart to the lower right is now the second quarter of

2011, the house price trough for the U.S.

-11.7%

-2.8%

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

Jacksonville

Chicago

Detroit

San Diego

Minneapolis

Milwaukee

Cleveland

St. Louis

United States

Kansas City

Cincinnati

Charlotte

Columbus

Raleigh

Nashville-Davidson

Indianapolis

Oklahoma City

Pittsburgh

Austin

8.0%

10.9%

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

Milwaukee

Cincinnati

Raleigh

Cleveland

Chicago

St. Louis

Pittsburgh

Columbus

Oklahoma City

Kansas City

Indianapolis

Jacksonville

United States

Charlotte

Nashville-Davidson

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

Ind

ex

: 1s

t Q

tr. 2

00

7 =

10

0.0

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

9


GDP AND INFLATION

Growth in U.S. GDP likely continued weak in the third

quarter.

Release of the preliminary estimate of U.S. Gross

Domestic Product (GDP) was delayed to November

7 by the shutdown. As the chart to the right shows,

economists polled by the Wall Street Journal expect

third-quarter GDP to be 2.0 percent. However, the

chart also shows that the revised estimate of

second-quarter growth was 2.5 percent,

substantiially higher than the initial 1.7 percent

estimate.

The Thomson Reuters/University of Michigan Index

of Consumer Sentiment fell in October to a ten-

month low of 73.2, weighed down by the effects of

the government shutdown.

U.S. GDP growth to improve slightly into 2014: The

October Wall Street Journal economic forecasting survey

expected GDP growth to improve to 2.3 percent in the

fourth quarter, but the survey was conducted early in the

month, before the length of the shutdown was known.

Growth during 2014 was expected to average 2.8

percent, better than the 2.0 percent expected for 2013,

but still not strong. The economists' average assessment

of the chance of a recession during the next 12 months

remained at a very low 16 percent. However, contrary to

previous surveys, 85 percent of the economists polled

believed that their forecast was more likely to be too

high than too low.

Overall inflation fell to 1.4 percent from 1.6 percent in the

third quarter. Core inflation (excluding food and energy)

was unchanged at 1.8 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

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-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

An

nu

alize

d C

ha

ng

e (

Pe

rce

nt)

All items

Excl. food &energy (core)

PROJECTS ACTIVE AT END OF EACH MONTH

10

NUMBER OF PROJECTS STARTED

(2012 v. 2013)

FIRST-TIME VISITS (2012 v. 2013)

COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-SEP 2013


PROJECTS ACTIVE AT END OF EACH MONTH

BY SECTOR

In the first nine months of 2013, Columbus 2020 added 174

new projects to the pipeline and hosted 44 first-time visits

from companies and/or their location consultants.

Columbus 2020 had 128 active projects at the end of

September 2013. The numbers for September and going

forward are affected by the application of more stringent

standards on how a project is classified as active.

Manufacturing represented 45 percent of projects at the end

of September, followed headquarters and business services

with 27 percent.

39 42

57 58 54 57

68 70 64

57 64

49 52

55 57 60

67

59

59

68

82 80 82

90

103

85 82 89

96

85 81

86

75 68

77

69

0

20

40

60

80

100

120

Existing New

0

20

40

60

80

100

Ap

r 20

12

May

Ju

n

Jul

Au

g

Se

p

Oct

No

v

Dec

Jan

20

13

Feb

Mar

Ap

r

May

Ju

n

Jul

Au

g

Se

p

Manufacturing HQ & Business Services

Logistics Science & Technology

25

11

27 24

20

44

16

30

20 23

28

7

19

25

19 21

27

13

18 17 15

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

5

8

5 4

0

3

6

9

12

15

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

2012 2013

2013 Q4 PLANNED ACTIVITIES

11

COLUMBUS 2020 PERFORMANCE | DEVELOPMENT ACTIVITIES JAN-SEP 2013


2013 Q3 COMPLETED ACTIVITIES

EXISTING BUSINESS VISITS CONDUCTED BY

SECTOR

EXISTING BUSINESS VISITS CONDUCTED BY

PLACE

In the third quarter of 2013, the Columbus 2020 team

traveled across the U.S. and the globe, visiting 14 U.S. cities

and Japan. Visits included business development missions,

industry conferences, existing headquarter visits and

consultant and active project calls. The Japan mission

included meetings with more than 40 companies and

participation in the Midwest U.S.-Japan Association Annual

Meeting.

In the fourth quarter of 2013, the Columbus 2020 team will

visit 10 U.S. cities, including business development missions

to New York, Dallas, and Chicago, as well as international

trips to Canada and Europe.

Larger share of retention visits to manufacturers

The Columbus 2020 team and our local economic

development partners conducted a combined total of 321

visits to businesses in the Region during the first three

quarters of 2013.

In the third quarter of 2013, manufacturing businesses

represented more than half (52 percent) of visits, pulling the

year-to-date figure up to 48 percent. Compared to last year,

2013 to date has seen a larger share of visits to logistics

companies, balancing a smaller share to headquarters and

business service operations.

0

20

40

60

80

100

Columbus 2020 Local ED Partner Both

45%

44%

48%

15%

28%

21%

17%

12%

16%

24%

16%

14%

2011

2012

Jan-Sep 2013



12

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-SEP 2013

Columbus 2020 tracks economic development project announcements

in the Columbus Region. In the first three quarters of 2013, there were

63 project announcements yielding 7,916 jobs created or retained.

Manufacturing projects represented 38 percent of projects announced

so far in 2013, a share 5 percentage points higher than in 2012.

International projects comprise 24 percent of announcements in the

first three quarters of 2013, up somewhat from its 20 percent share in

2012.

629

4,735

2,552

0

1,000

2,000

3,000

4,000

5,000

Attract Expand Retain

18

9

13

23

0

5

10

15

20

25

Columbus Dublin Rest ofFranklin

Rest of Region

44%

33%

38%

25%

35%

32%

12%

20%

19%

19%

12%

11%

2011

2012

Jan-Sep 2013



(BOLD = Projects announced in Q3 2013)

COMPANY DESCRIPTION CITY CTY. NO. JOBS

Ace Hardware Corporation Hardware retailer West Jefferson Madison

AcuSport Corporation Sporting goods distributor Bellefontaine Logan

AGC Glass Company North America, Inc. Glass manufacturer for auto makers Bellefontaine Logan

American Howa Kentucky Transportation equipment manufacturer Delaware Delaware

AMG Industries, Inc. Automotive assemblies, exhaust tips Mt. Vernon Knox

Ascena Retail Group, Inc. Apparel retailer New Albany Licking

Avnet, Inc. Aftermarket services for the technology supply chain Groveport Franklin

Bank of America Corporation Commercial lending in the health care sector Westerville Delaware

Cellco Partnership (Verizon) Information services and software Hilliard Franklin

Century Insurance Group Financial services Westerville Franklin

Compass Datacenters Wholesale colocation data center New Albany Franklin

Coyne Graphic Finishing Manufacturer of product displays Mt. Vernon Knox

Cyclone Power Technologies Developer of cyclone engine Lancaster Fairfield

Decillion Healthcare Specialty pharmacy Dublin Franklin

Diamond Hill Capital Management, Inc. Financial services Columbus Franklin

Duet Health Information services and software Columbus Franklin

Dynamit Technologies LLC Technology services and software Columbus Franklin

Exel Direct TBD TBD

Expedient Data Centers Information services and software Upper Arlington Franklin

Ezdure Bamboo Products (USA) LLC Bamboo flooring Dublin Franklin

FCX Performance, Inc. Distributor of process flow equipment Columbus Franklin

G-TEKT North America Corporation R&D for structural body parts for motor vehicles TBD TBD

G-TEKT North America Corporation Structural body parts of motor vehicles West Jefferson Madison

Harry and David Direct marketing and e-commerce Hebron Licking

HD Supply Facilities Maintenance Ltd. Supplier to commercial residential projects Groveport Franklin

HealthSpot, Inc. Health care stations Dublin Franklin

Highlights for Children, Inc. Children's educational books Columbus Franklin

Honda of America Mfg., Inc. Production of Honda Accord Sedan and Coupe and Acura TL. Marysville Union

13

Expansion

Retention/Expansion

Expansion

10

Expansion

34 Retention/Expansion

Attraction

8 Attraction

Expansion

Expansion

Retention/Expansion


100

10 Expansion

20



TYPE

26

38

6

Attraction

NA Expansion

10 Expansion

2,000

Expansion

Attraction

Expansion

Retention/Expansion

84 Attraction

18 Attraction

27 Expansion

625

22

55

95

60 Expansion

50

18 Expansion

4 Expansion


23 Attraction

77

50 Expansion



International Engineering Group LLC Plastic injection molds Hilliard Franklin

ISS America, Inc. Manufacturer of park plug cylinders Bellefontaine Logan

JELD-WEN, Inc. Manufacturer of vinyl windows and doors Mt. Vernon Knox

JPMorgan Chase Financial services Dublin Franklin

Komar Industries, Inc. Compactors and shredders Groveport Franklin

LSP Technologies, Inc. Developer of materials-processing technology for aerospace and power generation OEMs Dublin Franklin

lululemon athletica inc Consumer products Columbus Franklin

Marne Plastics, LLC Manufacturer of plastic and rubber products Columbus Franklin

MBA Focus Recruitment technology solutions Dublin Franklin

Mediu LLC Call center, consulting services provider Worthington Franklin

Molina Healthcare, Inc. Health care providers Columbus Franklin

National Church Residences Head office of housing nonprofit organization Upper Arlington Franklin

Navidea Biopharmaceuticals Biopharmaceuticals Dublin Franklin

Novotec Recycling LLC Recycled materials Columbus Franklin

Persistent Systems Ltd. Software product engineering and development Dublin Franklin

Phoenix Electrotek Manufacturer of wiring harnesses and cable assemblies Lancaster Fairfield

Pillar Technology Group, LLC Strategic business consultant and software developer Columbus Franklin

Precision CNC Metal parts for consumer goods or machines Lancaster Fairfield

Print Syndicate LLC E-commerce of custom design t-shirts and products Columbus Franklin

Proform Industries, Ltd. Transportation equipment manufacturer Columbus Franklin

Safelite Group, Inc. Headquarters, contact center, and automotive glass shops Columbus Franklin

Spectrum Commercial Coatings Full service commercial and industrial coating contractor Columbus Franklin

SpeedFC, Inc. End-to-end e-commerce services Etna Township Licking

Stanley Electric U.S. Co. Automotive parts manufacturer London Madison

Tarrier Foods Inc. Manufactures candy toppings Columbus Franklin

Team Gemini LLC Renewable energy, landfill digester Grove City Franklin

Teleperformance Customer contact center Dublin Franklin

The Kroger Co. Kroger Pharmacy's central fulfillment site Columbus Franklin

14

Attraction

350 Expansion

30 Expansion



150



TYPE

27 Expansion

20 Expansion

135 Expansion

500 Expansion

36 Expansion

20 Expansion

170 Attraction

3 Expansion

4 Expansion

18 Expansion

300 Expansion

188 Expansion



30

25 Expansion

40 Expansion

9 Expansion



Expansion

25 Expansion

80 Attraction

500 Expansion



Thomas & Marker Construction Co. Construction company Upper Arlington Franklin

Toyo System Rechargeable battery testing systems Columbus Franklin

Traycer Diagnostic Systems Inc. Information services and software Columbus Franklin

UMD Automated Systems State-of-the-art material handling and conveyor systems Fredericktown Knox

Union Tank Car Company Railroad tank car manufacturer and repair Marion Marion

Westerman, Inc. Oil and gas storage tanks Bremen Fairfield

Zipline Logistics LLC Logistics service provider TBD Franklin

15

20 Expansion

30 Expansion

24 Expansion

40 Expansion



TYPE

13 Attraction

20 Expansion

12 Expansion

Quarterly Economic Update | Q3 2013

Business

cb richard ellis

current employment statistics

columbus msa ohio

economic analysis

msa employment

q3 2013 employment

information services