Quarterly Economic Update

Q4QUARTERLY ECONOMIC

UPDATE2013

Q4

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

1

QUARTERLY ECONOMIC UPDATE | Q4 2013

TABLE OF CONTENTS

At 5.8 percent in December 2013, the Columbus Region unemployment rate

remains well below state and U.S. averages while labor force growth has

been healthy—a sign of confidence in the local economy and a feature not

seen in U.S. or Midwest economies.

Although job growth will likely be slower in 2014 versus 2013, the Region has

already surpassed its pre-Great Recession employment peak—more than two

years ahead of when the nation is expected to do the same. Employment

growth in the near term is likely to be driven by finance, professional services,

education and healthcare.

Despite fiscal challenges, the private sector economy is healthy, relative to its

Midwestern neighbors. The unemployment rate is expected to decline only

slowly over the next few quarters due to labor force growth partially

offsetting job creation. Finally, the housing market will be a bright spot in the

near-term outlook. Home prices are expected to increase by around 4

percent in 2014, thanks to high affordability, strong population growth, and

better balance between the supply of and the demand for housing.

Longer term, a diverse industrial base, healthy population growth, a young

and educated workforce and low living and business costs will underpin the

market area's economic potential. Regional transportation and processing

offer Columbus opportunities to exceed expectations.

Employment, labor force and unemployment . . . 2

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

Per capita personal income . . . . . . . . . . . . . . . . . . . 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

FOREWORD

The Columbus 2020 economic update for the fourth

quarter of 2013 covers regional economic data and

economic development activities year to date, with a

focus on October to December. The analysis of the

regional economy (pages 2 to 10) was prepared by Bill

LaFayette, Ph.D., RegionomicsTM LLC.

By Mekael TeshomeAssistant Vice President and Economist, The PNC Financial Services Group

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 gives back some gains

in the fourth quarter: Columbus MSA employment

declined 4,800 (0.5 percent) to 963,000. Ohio

employment fell less than 0.1 percent and U.S.

employment increased 0.4 percent. Employment

growth over the past 12 months was 12,300 (1.3 percent)

for the MSA, 0.7 percent for Ohio, and 1.7 percent for

the U.S.

Regional unemployment rate declines: The 11-county

-adjusted unemployment

rate fell from 6.6 percent in September to 5.8 in

December. The December rate was lower than both the

7.2 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 4,400 in the labor force

and an increase of 4,200 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

46,000 in September to 53,000 in December.

90

92

94

96

98

100

102

104

1/0

8

5/0

8

9/0

8

1/0

9

5/0

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9/0

9

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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

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9/13

Columbus Region Ohio U.S.

900

950

1,000

1,050

1,100

1,150

1/0

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5/0

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8

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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,

DECEMBER 2013

Logistics 8.7% Manufacturing

7.0%

Professional & business svcs

14.8%

Computer design &

related svcs 1.9%

Finance & insurance

6.2% Healthcare & social

assistance 12.3%

Leisure & hospitality

10.1%

Government 16.7%

Retail trade 9.8%

Other 12.5%

80

85

90

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110

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= 1

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.0


75

80

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105

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ex

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= 1

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.0


80

85

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110

1/0

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5/0

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80

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1/0

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.0


80

90

100

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120

130

140

1/0

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5/0

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8

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9/10

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ex

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= 1

00

.0


LEISURE & HOSPITALITY

Q4 EMPLOYMENT CHANGE BY INDUSTRY GOVERNMENT RETAIL TRADE

Industry MSA empl. chg. OH US

% % %

Logistics +1.9 +0.4 +0.5

Manufacturing -1.8 +0.5 +0.5

Professional & business services -1.5 +0.4 +0.6

Computer design & related svcs. 0 0.0 -0.9 +0.8

Finance & insurance -1.4 -1.7 +0.1

Healthcare & social assistance -1.4 +0.2 +0.3

Leisure & hospitality +1.2 -1.2 +0.5

Government -0.5 -0.8 -0.1

Retail trade -2.0 +0.9 +0.9

4


EMPLOYMENT BY INDUSTRY (continued)

HEALTHCARE & SOCIAL ASSISTANCE

-2,000

No.

+1,500

-1,200

-2,500

-800

-300

+1,200

-900

Charts on pages 2 and 3 show that greater-than-

average quarterly employment gains in logistics and

leisure were more than offset by declines in

manufacturing, business services, finance and insurance,

healthcare, government and retail.

Retail suffered a decline of 3,700 from December 2012

to December 2013, versus an Ohio gain of 1.2 percent

and a U.S. gain of 2.5 percent.

Logistics increased 1,700 (2.0 percent) from last

December, a stronger gain than the 1.6 percent Ohio and

the 1.2 percent U.S. increases.

Government jobs increased 1,000 over the year (0.6

percent) driven by an increase in state government.

Ohio government employment declined 1.0 percent and

U.S. employment in the sector declined 0.3 percent.

95

100

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ex

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= 1

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.0


90

95

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115

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Ind

ex

: 1/

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= 1

00

.0


85

90

95

100

105

110

1/0

8

5/0

8

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8

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9

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ex

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= 1

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.0


85

90

95

100

105

110

1/0

8

5/0

8

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8

1/0

9

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.0


DELAWARE COUNTY FAIRFIELD COUNTY

COLUMBUS REGION FRANKLIN COUNTY KNOX COUNTY

Source: Bureau of Economic Analysis; inflation adjustment by the Consumer Price Index, Bureau of Labor Statistics.

5


COLUMBUS REGION PER CAPITA PERSONAL INCOME

The charts on pages 4 and 5 show Per-Capita Personal

Income (PCPI -- adjusted for inflation) since 2001 for

residents of the Columbus Region and each of its

component counties.

Regional PCPI in 2012 was $42,500, 2.8 percent less than

the $43,735 U.S. average. However, the 5.9 percent

recovery in PCPI since 2009 far exceeded the 3.8 percent

U.S. average. (Ohio's growth was above average as well, at

5.4 percent.)

Delaware County enjoys the highest PCPI in Ohio by far,

at $64,115, and the Region's best recent growth, at 13.8

percent since 2009. Growth has also been above the

regional average in Licking, Madison and Union counties.

30,000

35,000

40,000

45,000

50,000

55,000

60,000

65,000

70,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

llars

Delaware Ohio U.S.

36,000

37,000

38,000

39,000

40,000

41,000

42,000

43,000

44,000

45,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

lla

rs

Region Ohio U.S.

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

llars

Fairfield Ohio U.S.

36,000

37,000

38,000

39,000

40,000

41,000

42,000

43,000

44,000

45,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

lla

rs

Franklin Ohio U.S.

28,000

30,000

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

lla

rs

Knox Ohio U.S.

LICKING COUNTY LOGAN COUNTY MADISON COUNTY MARION COUNTY

MORROW COUNTY PICKAWAY COUNTY UNION COUNTY

Source: Bureau of Economic Analysis; inflation adjustment by the Consumer Price Index, Bureau of Labor Statistics.

6


COLUMBUS REGION PER CAPITA PERSONAL INCOME (continued)

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

llars

Licking OhioU.S.

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

llars

Logan OhioU.S.

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

llars

Madison OhioU.S.

30,000

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

llars

Marion OhioU.S.

28,000

30,000

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

lla

rs

Morrow OhioU.S.

28,000

30,000

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

lla

rs

Pickaway OhioU.S.

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

Co

nsta

nt

do

llars

Union OhioU.S.

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


8.0

10.0

12.0

14.0

16.0

18.0

20.0

22.0

20

07

-Q1

20

07

-Q2

20

07-Q

3

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

20

13-Q

3

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

san

ds 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

sa

nd

s 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-Q

1

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

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 higher in the fourth quarter.

Building permits issued in the Columbus MSA were up

6.9 percent from the same months of 2012, compared to

a 14.8 percent U.S. increase. Units in multi-unit

structures accounted for 63.1 percent of local permits,

but only 42.2 percent of national permits. For the year,

permits were up 33.9 percent locally and 20.1 percent

nationally.

Single-unit permits issued during the fourth quarter

were down 2.8 percent from a year ago, but were up

9.5 percent nationally.

Home sales in Columbus during the fourth quarter

off 3.6 percent: Home sales in the Columbus Multiple

Listing Service (MLS) area (larger than and somewhat

different from the Region) totaled 5,579 during the

fourth quarter, compared to 5,789 in 2012. Sales

nationwide during the quarter were 1.1 percent higher

than last year, and were 2.7 percent higher in the

Midwest. The 26,037 sales during 2013 represented an

increase of 16.4 percent from 2012.

The dollar volume of home sales in the Columbus MLS

area totaled $961 million during the fourth quarter, up

2.5 percent from the same quarter last year. During the

year, $4.549 billion worth of housing changed hands.

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

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

20

13-Q

4

Pe

rce

nt

Ch

an

ge

Columbus MLS

U.S.

MSA HOUSE PRICE CHANGE, 1ST QUARTER 2007 TO 3RD QUARTER 2013

MSA HOUSE PRICE CHANGE, 2ND QUARTER 2011 TO 3RD QUARTER 2013

Source: Federal Housing Finance Agency House Price Index.

9


HOUSING (continued)

FHFA HOUSE PRICE INDEX, 1ST QUARTER 2007 -

3RD QUARTER 2013

House prices in Columbus higher year-over-year:

Columbus MSA house prices in the third quarter were up

5.4 percent from a year earlier, compared to gains of 4.3

percent in Ohio and 8.4 percent at the national level.

The local change ranked 49th among the 64 million-plus

regions in the U.S.

Columbus MSA house prices erase declines: The FHFA

index 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, 17 others have surpassed their

previous peak.

-11.6%

0.9%

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

Jacksonville

Chicago

Detroit

San Diego

Minneapolis

Milwaukee

Cleveland

St. Louis

United States

Kansas City

Cincinnati

Charlotte

Raleigh

Columbus

Nashville-Davidson

Indianapolis

Oklahoma City

Pittsburgh

Austin

11.1% 12.0%

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

Milwaukee

Cleveland

Raleigh

Cincinnati

Chicago

St. Louis

Pittsburgh

Oklahoma City

Jacksonville

Indianapolis

Kansas City

United States

Columbus

Nashville-Davidson

Minneapolis

Charlotte

Austin

San Diego

Detroit

75

80

85

90

95

100

105

20

07-Q

1

20

07-Q

3

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

10


GDP AND INFLATION

Growth in U.S. GDP slower in the fourth quarter but

better balanced.

U.S. Gross Domestic Product (GDP) grew at a 3.2

percent annual pace in the fourth quarter. This

growth was down from the third quarter's 4.1

percent, but a substanial share of that growth was

due to inventory accumulation while growth

elsewhere was muted. In contrast, the fourth quarter

saw the strongest growth in consumption and

exports in three years. Growth would have matched

that in the third quarter if not for a dropoff in

government spending.

The Thomson Reuters/University of Michigan Index

of Consumer Sentiment slipped slightly to 81.2 in

January after a strong showing in November and

December.

U.S. GDP growth to improve through 2014: The

January Wall Street Journal economic forecasting survey

expected a slight drop in GDP growth in the first quarter,

but then an increase to 3.0 percent by year-end. In an

encouraging note, 74 percent of the economists polled

believed that their forecast was more likely to be too low

than too high.

Overall inflation fell to 0.9 percent from 1.4 percent in the

fourth quarter. Core inflation (excluding food and

energy) fell from 1.8 percent to 1.5 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

han

ge

(P

erc

en

t)

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

20

13-Q

4

An

nu

alize

d C

han

ge

(P

erc

en

t)

All items

Excl. food &energy (core)

PROJECTS ACTIVE AT END OF EACH MONTH

11

NUMBER OF PROJECTS STARTED

(2012 v. 2013)

FIRST-TIME VISITS (2012 v. 2013)


COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-DEC 2013

PROJECTS ACTIVE AT END OF EACH MONTH

BY SECTOR

In 2013, Columbus 2020 added 215 new projects to the

pipeline and hosted 58 first-time visits from companies

and/or their location consultants. Although there were

generally fewer new projects started than last year,

December showed a spike in activity.

Columbus 2020 had 116 active projects at the end of

December 2013. Since September 2013, the numbers are

affected by the application of more stringent standards on

how a project is classified as active.

Manufacturing represented 39 percent of projects at the end

of December, followed by headquarters and business

services with 33 percent.

58 54 57

68 7064

57 64

49 52 5557

60 67

59 56

50 54

80 8290

103

85 8289

96

85 81

86

75 68

77 69

78

60 62

0

20

40

60

80

100

120

Jul 20

12

Aug

Sep

Oct

No

v

De

c

Jan 2

013

Feb

Mar

Ap

r

May

Ju

n

Jul

Aug

Sep

Oct

No

v

De

c

Existing New

0

20

40

60

80

100

Jul 20

12

Aug

Se

p

Oct

No

v

De

c

Jan 2

013

Feb

Mar

Ap

r

May

Ju

n

Jul

Aug

Se

p

Oct

No

v

De

c

Manufacturing HQ & Business Services

Logistics Science & Technology

25

11

27 24

20

44

16

30

20 23

28

7

20 25

18 21

27

12

18 17 13

15 12

17

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

7

4 3

0

3

6

9

12

15

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

2012 2013

2014 Q1 PLANNED ACTIVITIES

12


2013 Q4 COMPLETED ACTIVITIES

COLUMBUS 2020 PERFORMANCE | DEVELOPMENT ACTIVITIES JAN-DEC 2013

EXISTING BUSINESS VISITS CONDUCTED BY

SECTOR

EXISTING BUSINESS VISITS CONDUCTED BY

PLACE

In the fourth quarter of 2013, the Columbus 2020 team

traveled across the U.S. and the globe, visiting 12 U.S. cities

and the UK, Germany, Canada and Mexico. Visits included

business development missions, industry conferences,

existing headquarter visits and consultant and active project

calls.

In the first quarter of 2014, the Columbus 2020 team will

visit 11 U.S. cities, as well as international trips to the UK and

Canada.

Larger share of retention visits to manufacturers

The Columbus 2020 team and our local economic

development partners conducted a combined total of 381

visits to businesses in the Region during 2013.

In the fourth quarter of 2013, manufacturing and

headquarters and business services companies had the most

visits, with 21 and 20, respectively. Overall, the industrial

compostition of visits in 2013 was similar to 2012.

0

20

40

60

80

100

120

Co

lum

bu

s

Du

blin

De

law

are

West

erv

ille

Wo

rth

ing

ton

Gah

an

na

Rest

of

Fra

nklin

Co

un

ty

Rest

of

Dela

ware

Co

un

ty

Kn

ox C

ou

nty

Rest

of

Reg

ion

Columbus 2020 Local ED Partner Both

45%

44%

47%

15%

28%

23%

17%

12%

15%

24%

16%

15%

2011

2012

2013



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-DEC 2013

Columbus 2020 tracks economic development project announcements

in the Columbus Region. In 2013, there were 89 project announcements

yielding 8,931 jobs created or retained.

Manufacturing projects represented 38 percent of projects announced

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

International projects comprise 20 percent of announcements in 2013,

similar to 2012.

994

5,366

2,571

0

1,000

2,000

3,000

4,000

5,000

6,000

Attract Expand Retain

21

15

7

15

30

0

5

10

15

20

25

30

35

Columbus Dublin Westerville Rest ofFranklin

Rest ofRegion

44%

33%

38%

25%

35%

32%

12%

20%

19%

19%

12%

11%

2011

2012

2013



(BOLD = Projects announced in Q4 2013)

COMPANY DESCRIPTION CITY CTY. NO. JOBS

Acceptd, Inc. Web-based video application database for arts college programs Columbus Franklin

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

Alliance Data Systems Inc. Back office Westerville Franklin

American Howa Kentucky Transportation equipment manufacturer Delaware Delaware

American Wire Technologies, Inc. Components for household appliances, primarily for Whirlpool Marion Marion

AmerisourceBergen Corporation Distributor and wholesaler of pharmaceutical products Lockbourne Franklin

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

Cheryl & Co. Gourmet cookies, desserts, baked goods and gift baskets Westerville Delaware

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

Fillmore Capital Partners Fund management and investment services Worthington Franklin

14

22 Expansion

Retention/Expansion

10 Expansion

Expansion

Expansion

Attraction

92

Attraction

Expansion



TYPE

19

625

100

38

Expansion

20 Expansion

140 Expansion

10

Expansion

Retention/Expansion

Expansion

Expansion

Expansion

60 Expansion

100 Attraction

10

2,000 Retention/Expansion

27 Expansion

251 Retention/Expansion

26

26

6

84


3

4 Expansion

18 Attraction

8 Attraction

95 Expansion

55

Expansion



Goodyear Tire and Rubber Company Rubber product manufacturing Hebron Licking

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

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

Harris, Mackessy & Brennan Inc. IT consulting Westerville Delaware

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

HL-A Co., Inc Automotive Marysville Union

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

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

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

Lifestyle Communities Developer and operator of luxury apartment complexes Columbus Franklin

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

lululemon athletica inc Consumer products Columbus Franklin

Management and Network Services Health-care management company Dublin Franklin

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

Matrix Powder Technology, LLC Manufacturer of advanced powder coating resins Columbus Franklin

MBA Focus Recruitment technology solutions Dublin Franklin

Mediu LLC Call center, consulting services provider Worthington Franklin

Mitsuba Corporation Motor vehicle parts manufacturing Dublin Franklin

Molina Healthcare, Inc. Health care providers Columbus Franklin

Moriroku Technology North America Scientific and technical services Marysville Union

15

Expansion

3 Expansion

15 Attraction



TYPE

77 Attraction

23 Attraction

50 Expansion

27 Expansion

20 Expansion

135 Expansion

75 Expansion

18 Expansion


60 Expansion

50 Expansion


26 Expansion

20 Expansion

170 Attraction

164 Expansion

4 Expansion

32 Attraction


500 Expansion

36

10 Expansion

Expansion

3 Attraction

300 Expansion

18



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

Navidea Biopharmaceuticals Biopharmaceuticals Dublin Franklin

NEX Transport Inc. Logistics services East Liberty Logan

Novotec Recycling LLC Recycled materials Columbus Franklin

OneKreate Marketing/communications Columbus Franklin

Oxford Consulting Group, Inc. IT consulting Dublin Franklin

Perceptionist Small business call center services Westerville 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

Prospex LLC Lead generation firm Dublin Franklin

Rudolph Brothers & Co Distributor of adhesives, sealants, and coatings Canal Winchester Fairfield

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

SK Foods Food manufacturing and distribution TBD TBD

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 Westerville Franklin

Thomas & Marker Construction Co. Construction company Upper Arlington Franklin

Tosoh SMD Advanced manufacturing Grove City Franklin

Toyo System Rechargeable battery testing systems Columbus Franklin

Toyobo Co. Ltd. Automotive manufacturing Dublin Franklin

Traycer Diagnostic Systems Inc. Information services and software Columbus Franklin

16

NA Expansion

350 Expansion

253 Attraction

30 Expansion



9 Expansion


27 Expansion

NA Attraction

50 Expansion

46 Expansion

30 Attraction

25 Expansion

40 Expansion



TYPE



188 Expansion

25

150

20

3

8

40

12

246

80

Expansion

Expansion

Attraction

Expansion

Expansion

Expansion

Attraction

Attraction

Expansion



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

Updox LLC Information services and software Dublin Franklin

Village of Mt. Sterling Brownfield site redevelopment Mt. Sterling Madison

Westerman, Inc. Oil and gas storage tanks Bremen Fairfield

Wyandot Inc. Snack foods Marion Marion

xperion E & E USA LLC Composite parts manufacturer for the automotive sector Heath Licking

Zipline Logistics LLC Logistics service provider TBD Franklin

17



TYPE

15 Expansion

24 Expansion

40 Expansion

Expansion

20 Expansion

30 Expansion

37

59 Attraction

40 Expansion

Quarterly Economic Update | Q4 2013

Business

capita personal income

cb richard ellis

consumer price index

current employment statistics

columbus msa ohio

economic analysis

business services