monthly economic update | june 2014

MONTHLY ECONOMIC

UPDATE

columbusregion.com 614-225-6063

JUNE 2014

Jobs: 700 created

Investment:

Facilities: Financial services

1

$84 million

CASE STUDY: ADS ALLIANCE DATA SYSTEMS

COLUMBUS 2020 MONTHLY UPDATE | JUNE 2014

PROJECTS JUNE 2014 AND YEAR-TO-DATE

FIRST-TIME VISITS (2013 vs. 2014)NUMBER OF PROJECTS STARTED

(2013 vs. 2014)

PERCENT OF PROJECTS STARTED - MANAGED

BY COLUMBUS 2020 (2013 vs. 2014)

87% 89%

100%

72%

76%

69%

77%

68%

65%

80% 81%

65%

85%

79%

70% 77%

50%

83%

0%

20%

40%

60%

80%

100%

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

2013 2014

2

5 4 4

7

5

8

5 4

7

4 3

2 3

4 5

4

3

0

4

8

12


2013 2014

23

28

17

25 29

16

22 19

17 20

16

20 20 24

20

30

22 24

0

10

20

30

40


2013 2014

ADS Alliance Data Systems, Inc., one of the nation's leading

providers of branded credit card programs, is expanding its

presence in the Easton area where Alliance Data Retail

Services is headquartered. The project entails new office

construction, leasehold improvements and on- and off-site

infrastructure improvements. The new facility will allow

Alliance to add 700 new high-paying positions in the

coming years. Alliance has three other facilities in the

Columbus Region. Combined, Alliance employs over 3,100

in the Region.

**Balance of started projects sourced/managed by JobsOhio

2

ATTRACTION PROJECTS:

DOMESTIC/INTERNATIONAL


SUSPECTS AND PROSPECTS


PROJECTS BY SECTOR


PROJECTS BY SOURCE


ACTIVE PROJECTS AS OF JUNE 30, 2014

TOTAL ACTIVE PROJECTS

(153 PROJECTS)

EXPANSION PROJECTS:

PROJECTS BY SOURCE

EXPANSION PROJECTS:

PROJECTS BY SECTOR

EXPANSION PROJECTS:

DOMESTIC/INTERNATIONAL

64

44

0

20

40

60

80

100

Suspect Prospect

Suspects = Projects identified and qualified via direct dialogue with the company or consultant representing the company.

Prospects = Projects qualified, parameters defined and the company or consultant has visited the Region.

71%

29%

New Existing

61%

6%

33%

Columbus 2020

Local ED partners

JobsOhio

62% 18%

20%

Columbus 2020

Local ED partners

JobsOhio

13

2

27

3

0

5

10

15

20

25

30

35

40

45

11

41

11

05

1015

20253035404550

51%

49%

Domestic International

82%

18%

Domestic International

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES

JUNE 2014 COMPLETED ACTIVITIES

JULY 2014 PLANNED ACTIVITIES

BUSINESS DEVELOPMENT MISSIONS:

San Diego, Chicago, Minneapolis, Milwaukee

3


Columbus: The Columbus 2020 team helped host economic development practitioners for the Area Development Consultants Forum held in Columbus.

Chicago: The Columbus 2020 team participated in a market visit with JobsOhio to meet with companies and promote Ohio and the Columbus Region.

Atlanta: The Columbus 2020 team completed a business development trip to Atlanta, meeting with companies and consultants.

Charlotte: The Columbus 2020 team completed a business development trip to Charlotte, meeting with companies and consultants.

Columbia/Greenville: The Columbus 2020 team completed a business development trip to Columbia and Greenville, meeting with companies and consultants.

JUNE 2014 Performance:

23 visits in June (169 YTD)

Visits conducted by:

CASE STUDY: PIER 1 IMPORTS

Jobs: 165 created

Investment:

Facilities: Logistics

4

$5.5 million


BUSINESS RETENTION & EXPANSION | JUNE 2014

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY SECTOR

Pier 1 Imports, an importer and retailer of home furnishings

and gifts, will open an e-commerce fulfillment center in

Grove City to complement its existing Columbus Region

distribution center. The $5.5 million investment includes

upgrading an existing 195,000 square feet space and is

expected to bring more than 150 jobs to the Region over

the next three years. New jobs will include management

and warehouse associates. Construction and occupancy is

expected to be completed by fall 2014.

President and CEO Alex W. Smith cited the Columbus

Region's exceptional distribution and logistics capabilities,

talent pool and optimal location for e-commerce business

as factors to expand the Grove City operations.

35%

56%

9% Columbus2020 only

Local EDpartner only

Both 2020and LEDO

6

4

2

6 5

0

2

4

6

8

10

12

6 5

6 6

0

5

10

15

Source: U.S. Patent and Trademark Office

CASE STUDY: CRIMSON CUP

Jobs: 20 created

Investment: $1.1 million

Facilities: Manufacturing, R&D

5

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.

BUSINESS CREATION

BUSINESS DISSOLUTIONS,

SURRENDERS, WITHDRAWALS

PATENTS BY REGION INVENTORS

& ASSIGNEES

NEW BUSINESS REGISTRATION*


Crimson Cup Coffee & Tea plans to double its workforce over

the next three years and expand into a second facility in

Columbus as a result of rapid growth and success. The specialty

coffee provider currently works with 350 independent business

to distribute coffee across 30 states. The company is investing

$1.1 million to build a larger manufacturing and R&D space.

Greg Ubert, founder and president, said the Columbus Region

has been a remarkable place to start a business and a great

location for the company's distribution needs.

1,283

1,446 1,390

1,211

500

750

1000

1250

1500

Feb Mar Apr May

155

198 202 188

0

50

100

150

200

250

300

Feb Mar Apr May

96

26

60

19

113

31

85

36

Inventor Assignee

Feb Mar Apr May

6

ECONOMIC DEVELOPMENT NEWS


TRANSPORTATION & INFRASTRUCTURE POLICY & ADVOCACYCOLUMBUS REGION IN THE NEWS

Ohio economic development is "killing it", especially

Columbus

In 2013, JobsOhio helped 258 companies expand, created

17,857 new jobs and added $3.6 billion in capital

investment. The momentum is carrying through into 2014

as the active project pipeline is the largest it has ever been.

Columbus in particular is expanding its global footprint

with recent major wins including Amerijet International Inc.

and Cathay Pacific Airways.

http://bit.ly/1qfoctE

New #lifeincbus campaign aims to lure Millennials to

Columbus

Experience Columbus launched a new external marketing

campaign that targets a young audience in Washington

D.C. and Chicago, where relocation potential is high, that

includes billboards and advertisements online, in metro

stations and in high-rise elevators. http://bit.ly/1kTXsQF

ForgeX to bring the next big thing in Columbus tech

Columbus investor and startup mentor Victor Thorne is

leading a Central Ohio tech alliance that will tackle projects

too risky for large corporations to build in-house - but may

put those corporations at the forefront of disruptive

change in their industries. http://bit.ly/1zpffUO

For all of the latest news, visit:

http://columbusregion.com/Media-center/Recent-

News.aspx

Task force created to focus on airport

opportunities

Mayor Michael B. Coleman has selected a group of

public and private stakeholders to serve on the

Jobs, Expansion and Transportation (JET) Task

Force and evaluate making Port Columbus a

regional transportation hub. The task force is

charged with developing a plan to expand

economic development, spur job growth and

increase direct flights to and from the Columbus

Region.

The JET Task Force will issue a report of its

findings in the fall of 2014.

For more information, visit: http://bit.ly/1lRLdiv

COTA plans to redo their service map

Central Ohio Transit Authority (COTA) is working

with Jarrett Walker & Associates to adjust their

existing service lines. The proposed changes will add

more high frequency routes and increase efficiency

by eliminating less popular routes.

The proposed changes would provide twice as many

residents access to 15 minute service and help grow

ridership. Creating a simpler, faster and more user-

friendly bus system will create a more transit-friendly

city and improve access to several employment

areas.

For more information, visit: http://bit.ly/1n7m837

Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, Seasonally Adjusted

Source: Xceligent Source: Columbus REALTORS

7

$3.01

$9.48

Industrial

Retail

6.3%

9.0%

Source: Ohio Department of Job and Family Services

Direct

Asking Rent

(per sf)

Vacancy

RateUse

Office 14.6%

COMMERCIAL REAL ESTATE

(AS OF JULY 1)

HOUSING SALES

$15.69


REGIONAL ECONOMIC DATA

NUMBER EMPLOYED AND UNEMPLOYMENT RATE (MAY 2014) NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS

(WEEK ENDING 3/29/14 TO WEEK ENDING 6/28/14)

4.9% (-2.8)

Marion

26,649 (-366)

3.9% (-2.8)

Knox

29,264 (+757)

Unemployment

rate

(May2014)

Number

employed

residents

(May 2014)

Change

from

May 2013 to

May 2014

3.5% (-1.5)

Delaware

93,099 (+1,487)

4.0% (-2.1)

Fairfield

72,135 (+1,354)

4.0% (-2.1)

Franklin

610,694 (+10,193)

3.9% (-2.7)

Licking

81,552 (+1,559)

4.6% (-1.3)

Madison

19,131 (+381)

4.2% (-3.4)

Morrow

16,578 (+377)

4.6% (-2.9)

Pickaway

23,374 (+459)

3.4% (-2.2)

Union

26,089 (+503)

4.0% (-2.3)

Logan

22,398 (+41)

0

400

800

1,200

1,600

2,000

2,400

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

3/2

9

4/5

4/1

2

4/1

9

4/2

6

5/3

5/1

0

5/1

7

5/2

4

5/3

1

6/7

6/14

6/21

6/28

Continuing New

4,238 3,927

2,897

$176K 3,935

3,544

2,569

$184K

NewListings

InContracts

ClosedSales

AverageSales Price

May 2013 May 2014

monthly economic update | june 2014

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