The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. This update also features the successes of: Gwynnie Bee, an apparel retailer locating its flagship fulfillment center in Groveport and creating 401 jobs; S-E-A, Ltd., a leader in forensic analysis, research and testing that is adding 30 jobs on top of its current 96 in Columbus; and five local startup companies that have the potential for explosive growth in 2014.
2. COLUMBUS 2020 MONTHLY UPDATE | JANUARY 2014
PROJECTS JANUARY 2014 AND YEAR-TO-DATE
NUMBER OF PROJECTS STARTED
(2013 vs. 2014)
PERCENT OF PROJECTS STARTED - MANAGED
BY COLUMBUS 2020 (2013 vs. 2014)
40
100%
30
28
23
20
20
25
89%100%
87%
80% 81%
77%
72%76%69%
80%
68%65%
65%
85%
29
22
17
16
19
17
20
20
FIRST-TIME VISITS (2013 vs. 2014)
12
8
5
16
10
5
4
4
4
3
4
22
0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
5
4
20%
0
7
60%
40%
2013
7
8
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014
2013
2014
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013
2014
CASE STUDY: GWYNNIE BEE
Gwynnie Bee, a subscription-based apparel retailer that
offers membership programs for women, has chosen the
Columbus Region as the location for its new, flagship
fulfillment center.
Groveport over the next three years, including 70
Jobs:
401 created
management and administration positions and
Investment:
$1.9 million
approximately 330 general associate positions.
Facilities:
Fulfillment center
The company cited the Region's strategic location and
skilled workforce as key reasons for choosing to do
business here.
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3. COLUMBUS 2020 MONTHLY UPDATE | JANUARY 2014
ACTIVE PROJECTS AS OF JANUARY 31, 2014
TOTAL ACTIVE PROJECTS
(165 PROJECTS)
EXPANSION PROJECTS:
PROJECTS BY SOURCE
EXPANSION PROJECTS:
PROJECTS BY SECTOR
35
30
EXPANSION PROJECTS:
DOMESTIC/INTERNATIONAL
27
26
16%
25
25%
20
41%
15
15%
59%
60%
8
6
10
5
84%
0
Columbus 2020
New
Existing
Domestic
Local ED partners
International
JobsOhio
ATTRACTION PROJECTS:
SUSPECTS AND PROSPECTS
80
ATTRACTION PROJECTS:
PROJECTS BY SOURCE
ATTRACTION PROJECTS:
PROJECTS BY SECTOR
ATTRACTION PROJECTS:
DOMESTIC/INTERNATIONAL
74
70
60
60
54
50
50
40
40
35%
24
30
20
62%
10
20
45%
23
30
10
11
55%
10
0
Suspect
Prospect
Suspects = Projects identified and
qualified via direct dialogue with the
company or consultant representing the
company.
0
3%
Columbus 2020
Local ED partners
Domestic
International
JobsOhio
Prospects = Projects qualified,
parameters defined and the company or
consultant has visited the Region.
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4. COLUMBUS 2020 MONTHLY UPDATE | JANUARY 2014
BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES
JANUARY 2014 COMPLETED ACTIVITIES
New York: The 2020 team attended the National Retail Federation
annual conference to promote the Columbus Region to growing
retailers and their key service providers.
Atlanta: The 2020 team visited the Atlanta market for an
international active project meeting as well as meetings with site
selection consultants.
Washington, D.C.: The 2020 team traveled to Washington to hold
meetings with site selection consultants.
Indianapolis: The 2020 team traveled to Indianapolis to hold
meetings with site selection consultants.
FEBRUARY 2014 PLANNED ACTIVITIES
Chicago
German American Chamber of Commerce Midwest Economic Forum
Denver
Site Selectors Guild Annual Conference
Los Angeles
Corporate Venturing & Innovation Partnering Conference
IEDC Leadership Summit
BUSINESS DEVELOPMENT MISSIONS:
Chicago
INTERNATIONAL ACTIVITIES:
Toronto Mission
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5. COLUMBUS 2020 MONTHLY UPDATE | JANUARY 2014
BUSINESS RETENTION & EXPANSION | JANUARY 2014
BUSINESS DEVELOPMENT
VISITS CONDUCTED BY LOCATION
JANUARY 2014 Performance:
8
8
8
7
15
6
Visits conducted by:
4
4
Columbus
2020 only
4
10
8
3
5
2
0
44%
47%
19
20
10
37 visits in January
9%
VISITS CONDUCTED BY SECTOR
4
3
0
Local ED
partner only
Both 2020
and LEDO
CASE STUDY: S-E-A, LTD.
Columbus-based Scientific Expert Analysis, Ltd. (S-E-A,
Ltd.) is a leader in forensic analysis, research and testing.
The company has grown to ten offices nationwide
employing more than 250 professionals. S-E-A needed to
consolidate operations requiring a new building at their
current headquarters location. The project will retain 96
existing employees and create 30 new jobs.
Road limitations were an impediment to the
Jobs:
30 created
Investment:
$9.3 million
Facilities:
Headquarters, R&D
project. Columbus 2020 engaged the City of Columbus,
JobsOhio and the Ohio Department of Transportation's
Office of Jobs & Commerce to work with the company to
resolve the issue. The committed solution will permit the
project to proceed, resulting in a world-class corporate
headquarters and R&D center.
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6. COLUMBUS 2020 MONTHLY UPDATE | JANUARY 2014
BUSINESS CREATION
NEW BUSINESS REGISTRATION*
BUSINESS DISSOLUTIONS,
SURRENDERS, WITHDRAWALS
PATENTS BY REGION INVENTORS
& ASSIGNEES
95
300
1500
85
246
250
1,207
1250
1,078
1,020
962
1000
200
84
72
176
165
151
150
38
100
39
20
750
20
50
500
0
Sep
Oct
Nov
Dec
Sep
Oct
Nov
Dec
Inventor
September
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.
October
Assignee
November
December
Source: U.S. Patent and Trademark Office
5 STARTUPS TO WATCH IN 2014
Columbus 2020 recently identified five local startup companies
that have the potential for explosive growth in 2014.
CrossChx Inc.: fingerprint recognition technology for
medical records access.
Duet Health LLC: mobile software to help patients monitor
therapy, prescription and other outpatient care.
InfoMotion Sports Technologies Inc.: sensors and software
tools to improve athletic performance.
NChannel Inc.: software to integrate information between
in-store, online, wholesalers and other sales channels.
Print Syndicate LLC: design, marketing and technology
company spun off of shirt-maker Skreened.
For more information, go to: http://bit.ly/1jckdxS
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7. COLUMBUS 2020 MONTHLY UPDATE | JANUARY 2014
ECONOMIC DEVELOPMENT NEWS
COLUMBUS REGION IN THE NEWS
TRANSPORTATION & INFRASTRUCTURE
WORKFORCE
Columbus named a Top7 Intelligent Community
MORPC transportation funds application
OSU to create Big Data research & training HQ
The Mid-Ohio Regional Planning Commission
The Ohio Higher Education Funding Commission
(MORPC) has proposed revisions to improve the
has recommended $53 million in state dollars to
project selection process for its funds in 2014. This
support The Ohio State University's data analytics
process includes funds received directly from
education and training programs. Two campus
federal transportation programs as well as those
buildings will be renovated to accomodate expert
sub-allocated through the Ohio Department of
faculty and state-of-the-art research space as a
Transportation.
data analytics headquarters.
seeking a higher standard of living and better jobs.
Eligible areas for projects include Franklin County,
The project will help fulfill the commitment OSU
http://yhoo.it/LYqBLw
Delaware County, the City of Pataskala and Etna
made to expand its data analytics programs when
Township in Licking County, the City of
IBM selected to locate its Client Center for
Columbus proves only Ohio metro area to recover all
Pickerington, the villages of Carroll and Lithopolis,
Advanced Analytics in the Columbus Region in the
jobs lost in recession
and Bloom and Violet townships in Fairfield County.
fall of 2012. OSU's facilities, along with their faculty
For the second year in a row, the Intelligent Community
Forum has included Columbus in its Top7 list of
Intelligent Communities in the world.
http://bit.ly/1mMjhQY
Columbus ranked No. 9 new opportunity city
Based on analysis by William Frey of the Brookings
Institution, Columbus ranked No. 9 for attracting workers
According to an IHS Global Insight Report, Columbus is
the only metro area in Ohio to recover all jobs lost in the
recession due to manufacturing gains.
http://bit.ly/LhXC42
and students, will serve as a resource for IBM and
Public comments on the proposed revisions are
industry in general seeking data analytics services.
currently being by MORPC through February 21. For
more information, go to:
http://www.morpc.org/transportation/funding grants/morpc-attributable-funding/index
For all of the latest news, visit:
http://columbusregion.com/Media-center/RecentNews.aspx
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8. COLUMBUS 2020 MONTHLY UPDATE | JANUARY 2014
REGIONAL ECONOMIC DATA
NUMBER EMPLOYED AND UNEMPLOYMENT RATE (DECEMBER 2013)
NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS
(WEEK ENDING 11/2/13 TO WEEK ENDING 1/25/14)
Continuing
6.9% (+1.1)
Madison
18,714 (-24)
2,000
16,000
7.3% (+0.7)
Morrow
16,395 (+11)
6.4% (+1.0)
Franklin
588,105 (-812)
7.9% (+1.0)
Pickaway
22,543 (-31)
1,200
12,000
6.8% (+0.8)
Knox
28,036 (-16)
800
10,000
6.9% (+0.9)
Licking
79,610 (-85)
6.6% (+0.8)
Fairfield
70,486 (-90)
1/25
1/18
1/11
1/4
12/28
0
12/21
6,000
12/14
400
12/7
8,000
11/30
5.5% (+1.0)
Delaware
92,133 (-64)
1,600
14,000
11/23
5.6% (+0.4)
Union
25,990 (-26)
2,400
18,000
11/16
8.2% (+1.2)
Marion
26,510 (-921)
6.4% (+0.4)
Logan
22,122 (+358)
Number
employed
residents
(Dec 2013)
New
20,000
11/9
Change
from
Dec 2012 to
Dec 2013
11/2
Unemployment
rate
(Dec 2013)
Source: Ohio Department of Job and Family Services
COMMERCIAL REAL ESTATE
(AS OF JANUARY 31)
HOUSING SALES
$176K
Use
Vacancy
Rate
$158K
Direct
Asking Rent
(per sf)
1,518
Office
14.6%
$15.65
Industrial
6.5%
$3.84
Retail
9.6%
$9.19
1,829 1,806
1,693 1,735
1,463
Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted
New
Listings
In
Contracts
Dec 2012
Source: Xceligent
Closed
Sales
Average
Sales Price
Dec 2013
Source: Columbus Board of Realtors
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