Entrepreneurship & organisations: influences and organizations
April 2012 Monthly Report
1. Columbus 2020 Monthly Report | April 2012
The Columbus 2020 April 2012 report covers the economic development activities and related
information and data through the month of April.
Business Attraction | April 2012 Performance
Business Development Case Study: Closed Loop Refining & Recovery
April 2012 Performance:
14 Projects (78 YTD)
5 First Time Visits (30 YTD)
Projects entered into Salesforce by month
Columbus 2020 has started 78 projects year to
date, compared to 55 through April in 2011.
In June, Phoenix-based Closed Loop Refining &
Recovery Inc. will begin making improvements to a
30 27 275,000-square-foot facility in southeast Columbus.
25 Closed Loop plans to open the facility in
25
September. The facility is expected to create 55 full-
19
20 17 18 16
time jobs, with $2 million invested in building
14 improvements and equipment purchases.
15 12 13
11 11 12 10 Closed Loop selected the Columbus Region over
9 9 9
10 Kentucky, Pennsylvania, Tennessee and other areas
5 due to its market access, cost and quality of labor,
favorable tax climate and logistics infrastructure.
0 Columbus will be the company's second U.S. plant
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
and serve as its Midwest hub.
2011 2012
April 2012 Report 1
2. Active Projects | As of April 30, 2012
Total Active Projects (98 projects) Attraction Projects: Suspects and Prospects
50 Suspects = Projects that
42
have been identified and
40 qualified via direct dialogue
40% with the company or
30 consultant representing the
New
Existing 17 company.
60% 20
Prospects = Projects that
10 have been qualified,
parameters defined and the
0 company or consultant has
Suspect Prospect visited the region.
Expansion Projects: Projects by Source Attraction Projects: Projects by Source
7%
18%
Columbus 2020 Columbus 2020
10%
Local ED partners Local ED partners
72% JobsOhio JobsOhio
93%
Expansion Projects: Projects by Industry Attraction Projects: Projects by Industry
20 30
16 24
14 25
15 19
20
10 15 11
6
5 3 10 5
5
0 0
Major Project Announcements in April Attraction Projects: Domestic/International
Jobs /
Company Description
Capital
New precision navigation
Boeing (Heath) $4M
facility for the Navy 36%
Domestic
HFI LLC (Canal Retention and expansion of
205 jobs International
Winchester) Honda supplier
64%
Expansion of transmissions
Honda Transmission
production for Accord and 100 jobs
(Russells Point)
Acura models
Manta.com Business website raises new
$44M
(Columbus) capital for growth
April 2012 Report 2
3. Business Attraction | Development Activities
April 2012 Completed Activities
Atlanta
The 2020 team visited Atlanta and participated
in the Area Development Consultants Forum,
meeting with area consultants and companies.
Houston
The 2020 team attended the Offshore
Technology Conference, one of the world's
largest events in the oil and gas industry, and
met with dozens of prospective companies.
Austin
The 2020 team attended the Spring 2012 IAMC
Forum to network with corporate real estate
executives and location advisors.
Orlando
The 2020 team attended the 2012
International Plastics Exposition with JobsOhio
and Polymer Ohio to meet with growing
companies in the plastics industry.
Germany
In Germany, the 2020 team spent three days at the Hanover Messe fair visiting
companies from around the world with an interest in locating a facility in the
U.S., as well as companies with existing facilities in the Columbus Region.
May - July 2012 Planned Activities
Boston
Bio International
New York
IMN Data Center Forum, Metro NY ED
Chicago
Black Enterprise Conf. & 3PL Summit
Internet Retailer Conference
Las Vegas
Cosmoprof Personal Care & Beauty Conf.
Business Development Missions:
New York, Cleveland, Pittsburgh, St.
Louis
International Activities
BioMed Israel with BioOhio, Columbus
2020 Toronto Mission
April 2012 Report 3
4. Business Retention & Expansion | April 2012
Business Development Case Study: Quantum Health
April 2012 Performance:
45 Visits in April (199 YTD)
26 by 2020 staff and 19 reported by local
economic development partners
Quantum Health, Inc. announced that it will
expand its Columbus facility, investing more than
42% Columbus 2020 $3 million and adding 525 jobs to the company’s
existing 230 employees in the region. The positions
Local ED partners
58% will include Registered Nurses and Patient Service
Representatives (PSRs), as well as information
technology, marketing, customer engagement and
other support positions.
Founded in Columbus in 1999, Quantum Health is
Visits Conducted by Location an award-winning care management and health
improvement company serving approximately
30 300,000 members at 75 public and private sector
25
19 organizations across the U.S. Its real-time “virtual
20 medical home” concept saves employers 5-8% in
15 10 healthcare costs without reducing health benefits.
10 5 3 3 3 2
5
0 Case Study: Oxford Consulting Group
Westerville-based IT consulting firm Oxford
Consulting Group, Inc. announced that it will add
more than 45 jobs to the company’s existing 55
Visits Conducted by Industry positions based in the Columbus Region over the
next three years. Oxford currently has a workforce
30 of nearly 200 nationwide. The company chose to
24 expand its Ohio presence over locations in
25
California, Georgia, and Canada, citing incentives
20
14 and its proximity to skilled workforce as
15 determining factors.
10
4 Oxford Consulting Group provides information
5 3
technology solutions and consulting services to
0 businesses across the U.S. and Canada. Through a
strategic alliance with IBM, Oxford has developed
and delivered B2B Integration and Commerce
solutions for hundreds of Global 2000 and
midmarket companies.
April 2012 Report 4
5. Business Creation
New Business Registrations* Business Dissolutions, Surrenders, Withdrawals*
1500 1,392 350 312 332
300
1250 1,178 1,202
250 204
1,029 195
200
1000
150
750 100
50
500 0
Dec Jan Feb Mar Dec Jan Feb Mar
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.
Patents by Region Inventors & Assignees Case Study: One Exchange Street
65 63 64
57
30
19 21 19
On April 12, TechColumbus announced its
Inventor Assignee
commitment to invest $300,000 from its Pre-Seed
Fund into One Exchange Street, Inc., an early stage
Dec Jan Feb Mar
technology company that offers an online
Source: U.S. Patent and Trademark Office exchange for trading bankruptcy claims. The
exchange will introduce transparency and real-time
prices and trading in an aggregated marketplace.
The Pre-Seed investment is part of a larger capital
infusion that has enabled One Exchange Street to
commence development of its trading platform
and begin promoting its services to market
participants in anticipation of the company’s
launch in May. The company is a graduate of the
most recent class of companies to complete the
10x New Venture Accelerator program at The Ohio
State University, where it received ten weeks of
business mentoring along with a $20,000 grant
from the State of Ohio’s New Entrepreneurs Fund.
April 2012 Report 5
6. Economic Development News
Columbus In the News Legislation and Advocacy
Columbus 2020 and Ohio ED recognized JobsOhio II. The Ohio legislature is considering
Site Selection magazine gives 2020 honorable solidifying JobsOhio as the primary independent
mention and ranks Ohio 3rd for competitiveness. entity in charge of the state's economic
http://bit.ly/IBGcfW development (Senate Bill No. 314, House Bill No.
Columbus attractive for small business 489). The JobsOhio II bill provides further clarity to
Analysis ranks Columbus no. 4 in small business both JobsOhio and the Ohio Department of
climate among Midwest markets. Development, including matters of organizational
http://bit.ly/JZNifi structure and roles, finances, and state commission
responsbilities. Kenny McDonald recently testified
First Customer links more startups to buyers
on behalf of Columbus 2020.
FC program has connected local medical startups
Linebacker, Nanofiber Solutions and others to Mid-Biennium Review Education & Workforce
major hospitals. http://bit.ly/IoXBHD Plan. Senate Bill 316 proposes revisions to
numerous state education and workforce
Workforce development policies, programs and procedures. In
particular, the bill seeks to provide educators,
The Columbus Chamber recently assisted Ariel parents, and the public a clearer and more
Corporation, a family-owned company that designs accurate understanding of how well Ohio’s schools
and produces gas compressors. Ariel is hiring for are doing in preparing students for college and the
positions ranging from engineers and graphic workforce.
designers to maintenance technicians and CNC Andrea Applegate, the Columbus Chamber's
machinists. However, the company has Director of Workforce, testified to the Senate
experienced some difficulty finding qualified Education Committee. Her comments focused on
candidates in their local geography. The Chamber’s the workforce-related elements of the bill,
workforce department connected Ariel to an especially the importance of accurate information
extended network of individuals and organizations on workforce needs and having an effective
that provide support to job seekers, including workforce system to service business needs.
college career services offices across the Columbus
Region.
Columbus Big Board
The Big Board comprises 50 publicly
traded companies in the Columbus
Region including: Fortune 1000
companies that have headquarters or
a major presence, major foreign
companies and members of The
Columbus Partnership. The price of
each company's stock is weighted
equally in value at the start of the
quarter, as calculated by Google
Finance. In March and April of 2012,
the Big Board continued to
outperform the Dow Jones Industrial
Average.
April 2012 Report 6
7. Regional Economic Data
Regional Employment
Number employed and unemployment rates Number of weekly unemployment claims
Change from March 2012 Week ending 2/4/12 to week ending 4/28/12
Mar2011 to
Unemployment Mar 2012
rate 8.5% (-1.4) Continuing New
(Mar 2012) Marion 7.9% (-2.3)
Morrow 19,000 1,800
27,029 (-662)
16,144 (-30) 18,000 1,600
7.2% (-1.5)
7.3% (-2.3) 5.5% (-2.0) Knox
Logan Union 17,000 1,400
5.2% (-1.0) 27,159 (-452)
20,966 (-541) 25,485 (+1,783)
Delaware 16,000 1,200
87,231 (+2,524) 15,000 1,000
Number 6.8% (-1.5)
employed 6.8% (-1.0) Licking 14,000 800
residents
7.2% (-1.4) Franklin 79,580 (+3,961)
(Mar 2012) 579,944 (+1,061) 13,000 600
Madison
18,802 (+258) 12,000 400
6.2% (-1.6)
8.3% (-1.7) Fairfield 11,000 200
Pickaway 69,556 (+638)
22,472 (+204) 10,000 0
2/4
3/3
4/7
2/11
2/18
2/25
3/10
3/17
3/24
3/31
4/14
4/21
4/28
Source: U.S. Bureau of Labor Statistics, Local Area Source: Ohio Department of Job and Family Services
Unemployment Statistic, Seasonally Adjusted
Commercial Real Estate (as of May 1) Housing Sales
Vacancy Direct Asking
Use
Rate Rent (per sf) 3,869
3,466
Office 16.3% $14.97 2,705 $144K $154K
Industrial 9.5% $3.16 1,839
1,558 1,653
Retail 10.6% $10.38
Source: Xceligent
New Listings In Contracts Closed Sales Average Sales
Price
Mar 2011 Mar 2012
Source: Columbus Board of Realtors
April 2012 Report 7