july 2012 monthly report

MONTHLY ECONOMIC UPDATE | JULY 2012

JULY 2012 & YTD PERFORMANCE

CASE STUDY: MSC INDUSTRIAL DIRECT

Jobs:

Capital Investment: $55 million

Facility: Distribution

400,000 sf

1

300

APPROVED PROJECTS BY JOBS OHIO

NETWORK

PROJECTS JULY 2012 AND YEAR-TO-DATE

NUMBER OF PROJECTS (2012 v. 2011) FIRST-TIME VISITS (2012 v. 2011)

COLUMBUS 2020 MONTHLY UPDATE | JULY 2012

July 2012

21 Projects (158 YTD)

3 First Time Visits (44 YTD)

Year to Date

Through July 2012, Columbus 2020 had 158 projects

started year to date, more than 80 percent higher than

the 2011 pace. There were also 44 first-time visits to the

Columbus Region by companies year to date through

July, 38 percent higher than the 2011 pace.

9 11

17 18

11 12 9 9

16 19

13 10

27

12

25

14

22

37

21

0

10

20

30

40

50

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

2011 2012

0

7

4

2 2

9 8

3 2

4

8

2

12

6 7

5

7

4 3

0

3

6

9

12

15

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

2011 2012

MSC Industrial Direct Co. Inc., will build its fifth U.S.

distribution center in the Columbus Region. The new

400,000-square-foot facility on the west side of the city of

Columbus will entail $55 million in capital investment and

an expected 300 jobs by the end of 2017.

MSC is a national distributor of metalworking and

maintenance, repair and operations (MRO) products and

services. The company supplies manufacturers with more

than 600,000 in-stock industrial products, helping increase

their customers' productivity, efficiency and cost savings.

MSC cited numerous factors in selecting Columbus,

including its market access, workforce, and lower costs of

doing business.

18%

12%

5% 25%

1%

39%

2011

Columbus 2020 Team NEO

Cincinnati USA Dayton Development

Appalachia Toledo RGP

Jobs Ohio

37%

22%

13%

10%

5% 9%

4%

2012 YTD

2

ATTRACTION PROJECTS:

SUSPECTS AND PROSPECTS


PROJECTS BY INDUSTRY


DOMESTIC/INTERNATIONAL


PROJECTS BY SOURCE

ACTIVE PROJECTS AS OF JULY 31, 2012

TOTAL ACTIVE PROJECTS

(138 PROJECTS)

EXPANSION PROJECTS:

PROJECTS BY SOURCE

EXPANSION PROJECTS:

PROJECTS BY INDUSTRY


62

18

0

10

20

30

40

50

60

70

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.

58%

42%

New Existing

77%

3%

20%

Columbus 2020

Local ED partners

JobsOhio

59% 17%

24%

Columbus 2020

Local ED partners

JobsOhio

30

8

15

5

0

5

10

15

20

25

30

35

30

15

24

11

0

5

10

15

20

25

30

35

65%

35%

Domestic International

JULY 2012 COMPLETED ACTIVITIES

AUGUST - OCTOBER 2012 PLANNED ACTIVITIES Salt Lake City

Logistics Development Forum

Minneapolis

US Midwest Japan Association Annual Meeting

Houston

IEDC Annual Conference

Atlanta

International Air Cargo Conference

Columbus, San Diego, Omaha, Chicago, Los Angeles

BUSINESS DEVELOPMENT MISSIONS:

INTERNATIONAL ACTIVITIES:

Columbus 2020 Toronto, China, & Japan Missions

3

St. Louis, Detroit, Toledo, California, Denver

Farm Science Review (London, OH), Colliers Annual Conference,

IAMC, Area Development Forum, SIOR Fall World Conference

BUSINESS ATTRACTION | DEVELOPMENT ACTIVITIES


Las Vegas: The 2020 team attended the COSMOPROF North America trade show, networking and meeting with companies in the cosmetics, personal care, and beauty industries.

Nashville: The 2020 business development team travelled to Nashville to meet with site selction consultants engaged with active projects in the Columbus Region.

Washington DC: The 2020 business development team travelled to the Washington DC area, meeting with site selection consultants and prospective companies.

In China, The 2020 international business development team conducted a mission to China and partcipated in dozens of meetings with companies, industry associations, and officials. The 2020 team will make a return visit to China this fall.

July 2012 Performance:

44 Visits in June (311 YTD)

CASE STUDY: BOUND TREE MEDICAL

Jobs: 41

Capital investment:

Facility: Office (existing)

4

$150,000

BUSINESS DEVELOPMENT VISITS CONDUCTED BY LOCATION VISITS CONDUCTED BY INDUSTRY

BUSINESS RETENTION & EXPANSION | JULY 2012


31 by 2020 staff and 13 reported by local

economic development partners

59%

41% Columbus2020

Local EDpartners

13

6

3 4

18

0

5

10

15

20

12

4

24

4

0

5

10

15

20

25

30

Bound Tree Medical LLC, a division of Sarnova, Inc., will move

at least 21 jobs from California to the Columbus Region. The

company currently has approximately 160 workers at its

35,000-square-foot office. The new jos will average about

$60,000 in annual salary.

Sarnova is a specialty provider of emergency medical and

acute care products. The company offers more than 100,000

different products to emergency care facilities, hospitals, and

other patient-care facilities across the nation.

The Dublin office was one of several existing facilities around

the U.S. for which Bound Tree was considering consolidation.

Source: U.S. Patent and Trademark Office

CASE STUDY: NANOFIBER SOLUTIONS

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.

PATENTS BY REGION INVENTORS &

ASSIGNEES


NEW BUSINESS REGISTRATION*

BUSINESS CREATION

BUSINESS DISSOLUTIONS,

SURRENDERS, WITHDRAWALS

Nanofiber Solutions LLC has teamed up with The Ohio State

University, Case Western University, BioOhio and others for a

$4.8 million collaboration in stem cell research. Spun off from

OSU in 2009, Nanofiber Solutions develops and manufactures

products to advance life science research, tissue engineering and

regenerative medicine. Specifically, they produce membranes

made of thin plastic fibers to mimic human tissue in which cells

can grow.

In April, Nanofiber received an investment of $500,000 from the

TechColumbus Pre-Seed Fund, which makes convertible debt

companies. The collaboration will provide Nanofiber and other

companies access to equipment and expertise that they would

normally not be able to use.

1,401

1,163 1,216

1,155

500

750

1000

1250

1500

Mar Apr May Jun

204

171

141

178

0

50

100

150

200

250

Mar Apr May Jun

64

19

66

21

84

23

58

24

Inventor Assignee

Mar Apr May Jun

6

WORKFORCE

INFRASTRUCTURE

ECONOMIC DEVELOPMENT NEWS

COLUMBUS IN THE NEWS LEGISLATION AND ADVOCACY


Columbus ranks 10th in income adjusted for cost of living

Forbes Magazine ranked Columbus no. 10 on its list of the

cities where a paycheck stretches the furthest.

http://onforb.es/LYYfxd

The Atlantic Cities ranks Columbus 4th in corporate clout

When ranked by number of Fortune's Global 500

headquarters per capita, Columbus ranks 4th with 1.63 HQs

per million people. http://bit.ly/NqBMs5

Ohio receives high marks for industry health, global reach

Conexus Indiana's 2012 Manufacturing and Logistics National

Report gives Ohio "A" grades for manufacturing and

logistics industry health and market access.

Columbus Chamber Policy Agenda Update. On July 11,

the Columbus Chamber released a mid-year update of its

progress on advocacy goals set at the start of 2012.

Compiled with input from Chamber members and the

the 2012 Public Policy Agenda focuses on local, state and

federal regulatory and reform projects that impact

businesses in the Columbus Region.

Progress achieved year to date includes work on zoning

and other municipal services, participation in the

Municipal Income Tax Uniformity Coalition, and advocacy

for legislation such as HB 436 (SiteOhio Certification) and

SB 314 (JobsOhio 2). For more information, see:

http://www.columbus.org/www/dcms/files/pdf/reports/

2012-ppa-updated-7-2-12.pdf.

Access Ohio 2040. The Ohio Department of

Transportation (ODOT) has begun the process of

updating Ohio's long-range transportation plan, Access

Ohio. The new plan, with a horizon year of 2040, will

include a comprehensive inventory, forecast, and analysis

of trends and issues affecting transportation in Ohio. This

plan will set the stage for ODOT transportation policies

and investment strategies for the coming years. Access

Ohio 2040 will be completed in 2013. For more

information, see:

http://www.dot.state.oh.us/Divisions/Planning/SPR/Stat

Smart Works in Franklin County. On July 10, the

Franklin County Commissioners introduced a new

effort to target its investments workforce

development and job creation. Through incentives,

entrepreneur training and financial support, the Smart

Works program will provide funding for

microenterprise loans, business plan development for

startups, green job development, and further

coordination with Columbus 2020.

Logistics Job Fair. On August 21, the Columbus

Region Logistics Council and the Columbus Chamber,

in cooperation with Columbus State Community

College, will host the semi-annual logistics job fair.

Participating companies to date include Cardinal

Health, FedEx, Limited Brands, and other major

logistics employers in the Region. For more

information, see:

http://columbus.org/events/details.dT/logistics-job-

fair-2.

Source: Xceligent Source: Columbus Board of Realtors

7

$3.26

$9.68

Industrial

Retail

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

Statistic, Seasonally Adjusted

16.3%

8.6%

10.3%

COMMERCIAL REAL ESTATE

(AS OF JULY 31)

NUMBER OF WEEKLY UNEMPLOYMENT CLAIMS

(WEEK ENDING 4/28/12 TO WEEK ENDING 7/28/12)

HOUSING SALES

$14.94

Source: Ohio Department of Job and Family Services

Direct Asking

Rent

(per sf)

Vacancy RateUse

Office


REGIONAL ECONOMIC DATA

NUMBER EMPLOYED AND UNEMPLOYMENT RATE (JUNE 2012)

7.7% (-2.5)

Marion

27,262 (-113)

7.2% (-2.1)

Knox

27,506 (+633)

Unemployment

rate

(June 2012)

Number

employed

residents

(June 2012)

Change from

June 2011 to

June 2012

5.0% (-0.9)

Delaware

88,373 (+1,243)

6.1% (-1.3)

Fairfield

70,031 (+992)

6.2% (-1.3)

Franklin

583,262 (+8,364)

6.6% (-1.7)

Licking

79,356 (+1,114)

5.8% (-0.1)

Madison

18,854 (+269)

7.4% (-2.4)

Morrow

16,086 (+229)

7.6% (-1.7)

Pickaway

22,565 (+323)

5.4% (-2.0)

Union

25,334 (+356)

6.9% (-1.2)

Logan

21,062 (-298)

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

10,000

10,500

11,000

11,500

12,000

12,500

13,000

13,500

14,000

14,500

15,000

4/2

8

5/5

5/1

2

5/1

9

5/2

6

6/2

6/9

6/16

6/23

6/3

0

7/7

7/1

4

7/2

1

7/2

8

Continuing New

3,587

2,000 2,056

$158K 3,344 3,161

2,429

$168K

NewListings

InContracts

ClosedSales

AverageSales Price

Jun 2011 Jun 2012

july 2012 monthly report

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