columbus 2020 q4 report 2012
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QUARTERLY ECONOMIC UPDATE | Q4 2012
Th
e
TOTAL PAYROLL EMPLOYMENT
Source: Current Employment Statistics, U.S. Bureau of Labor Statistics. Source: Local Area Unemployment Statistics, Bureau of Labor Stats.
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 Stats.
Seasonal adjustment of regional rate by Regionomics LLC.
1
QUARTERLY ECONOMIC UPDATE | Q4 2012
EMPLOYMENT, LABOR FORCE, UNEMPLOYMENT RATES
COLUMBUS REGION UNEMPLOYMENT
RATE
88.0
90.0
92.0
94.0
96.0
98.0
100.0
102.0
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/1
0
7/1
0
10/1
0
1/11
4/1
1
7/11
10/1
1
1/12
4/1
2
7/1
2
10/1
2
Ind
ex: 1/
08
= 1
00
.0
Columbus MSA Ohio US
920
970
1,020
1,070
1,120
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/1
0
7/1
0
10/1
0
1/11
4/11
7/11
10/1
1
1/12
4/1
2
7/1
2
10/12
Th
ou
san
ds
Labor force
Labor force, normal growth
Resident employment
0%
2%
4%
6%
8%
10%
12%
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/10
7/10
10/1
0
1/11
4/1
1
7/1
1
10/1
1
1/12
4/12
7/1
2
10/1
2
Columbus Region Ohio U.S.
Columbus metro area employment declines in the
fourth quarter: Columbus MSA employment fell 5,200
(0.6%) in the fourth quarter, while statewide and national
employment increased 0.1% and 0.3% respectively.
Employment growth in the 12 months of 2012 was 16,200
(1.8%) for the MSA, 1.8% for Ohio, and 1.4% for the U.S.
Columbus Region unemployment rate unchanged
from September: The 11-
seasonally-adjusted unemployment rate was 5.8% in
December, compared to a 6.7% Ohio rate and a 7.8% U.S.
rate.
The number of employed residents fell 15,100 from
September while the labor force declined 6,500,
maintaining the unemployment rate at its September
level.
Gap between normal and actual labor force growth
continues to widen: The difference between reported
labor force and the level assuming normal growth
averaged 56,000 during the quarter, up slightly from
55,000 during the third quarter.
The Columbus 2020 economic update for the fourth
quarter of 2012 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 1 to 9) was prepared by Bill
LaFayette, Ph.D., RegionomicsTM LLC.
MANUFACTURING
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.
2
QUARTERLY ECONOMIC UPDATE | Q4 2012
EMPLOYMENT BY INDUSTRY
LOGISTICS: TRANSPORTATION,
WAREHOUSING & WHOLESALE
MSA SHARE OF EMPLOYMENT BY INDUSTRY,
DECEMBER 2012
80.0
85.0
90.0
95.0
100.0
105.0
110.0
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/10
7/1
0
10/1
0
1/11
4/1
1
7/1
1
10/11
1/12
4/12
7/1
2
10/1
2
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio US
70.0
75.0
80.0
85.0
90.0
95.0
100.0
105.0
110.0
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/1
0
7/1
0
10/1
0
1/11
4/11
7/11
10/1
1
1/12
4/1
2
7/1
2
10/1
2
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio US
80.0
85.0
90.0
95.0
100.0
105.0
110.0
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/1
0
7/1
0
10/1
0
1/11
4/11
7/11
10/1
1
1/12
4/1
2
7/1
2
10/1
2
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio US
80.0
85.0
90.0
95.0
100.0
105.0
110.0
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/1
0
7/10
10/10
1/11
4/1
1
7/1
1
10/1
1
1/12
4/1
2
7/12
10/12
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio US
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/1
0
7/10
10/1
0
1/11
4/11
7/11
10/1
1
1/12
4/1
2
7/12
10/1
2
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio US
Logistics 9% Manufacturing
7%
Professional & business svcs
13%
Computer design &
related svcs 3%
Finance & insurance
6% Healthcare & social
assistance 13%
Leisure & hospitality
10%
Government 16%
Retail trade 11%
Other 13%
LEISURE & HOSPITALITY
Industry MSA empl. chg. OH US GOVERNMENT RETAIL
% % %
Logistics +2.3 +1.2 +0.3
Manufacturing -0.7 +0.5 +0.3
Business services -1.5 +0.2 +0.6
Computer-related -1.2 -0.2 +1.3
Finance & insurance +2.1 +1.0 +0.3
Healthcare & social assistance +0.9 +0.5 +0.7
Leisure & hospitality -1.0 -1.6 +0.6
Government -1.3 +0.2 -0.4
Retail -1.2 +0.2 +0.6
3
QUARTERLY ECONOMIC UPDATE | Q4 2012
EMPLOYMENT BY INDUSTRY (continued)
HEALTHCARE & SOCIAL ASSISTANCE
-1,200
No.
+1,900
-400
-2,300
-1,200
+1,200
+1,000
-900
-2,000
Charts on pages 2 and 3 show that the Columbus metro
area experienced greater-than-average employment
gains in logistics, healthcare, and finance and insurance,
and government. The MSA suffered losses in business
services (including IT) leisure, retail, and manufacturing.
All estimates will be revised, perhaps significantly, March
18. The Q1 report will discuss these revisions.
The 1,200 net loss in retail indicates smaller-than-
average impacts from holiday hiring.
The 1,000-job gain in healthcare brings the gain for the
year to 6,500 (5.7%).
Government employment, which has been unusually
volatile, gave back most of its third-quarter gain.
Federal, state, and local government employment each
declined.
80.0
85.0
90.0
95.0
100.0
105.0
110.0
115.0
120.0
125.0
130.0
1/0
84
/0
87
/0
810
/08
1/0
94
/09
7/0
910
/09
1/10
4/1
07
/10
10/10
1/11
4/1
17/1
110
/11
1/12
4/1
27
/12
10/1
2
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio US
80.0
85.0
90.0
95.0
100.0
105.0
110.0
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/10
7/10
10/1
0
1/11
4/1
1
7/1
1
10/1
1
1/12
4/12
7/1
2
10/1
2
Ind
ex: 1/
08
= 1
00
.0
Columbus MSA Ohio US
80.0
85.0
90.0
95.0
100.0
105.0
110.0
1/0
84
/0
87/0
810
/08
1/0
94
/0
97/0
910
/09
1/10
4/10
7/1
010
/10
1/11
4/1
17
/11
10/11
1/12
4/12
7/1
2
10/12
Ind
ex: 1/
08
= 1
00
.0
Columbus MSA Ohio US
80.0
85.0
90.0
95.0
100.0
105.0
110.0
1/0
8
4/0
8
7/0
8
10/0
8
1/0
9
4/0
9
7/0
9
10/0
9
1/10
4/1
0
7/1
0
10/1
0
1/11
4/11
7/11
10/1
1
1/12
4/12
7/1
2
10/12
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio US
DELAWARE COUNTY FAIRFIELD COUNTY
COLUMBUS REGION FRANKLIN COUNTY KNOX COUNTY
Source: Bureau of Economic Analysis.
4
QUARTERLY ECONOMIC UPDATE | Q4 2012
COLUMBUS REGION PER CAPITA INCOME
The charts on pages 4 and 5 show growth in per-capita
personal income (PCPI, adjusted for inflation) over the
last decade for residents of the Columbus Region and
each of its component counties.
As a result of weak employment growth prior to the
recession, regional PCPI fell below the national
average in 2004. However, the 2009 decline was only
4.2% versus 7.0% for the U.S., and growth subsequently
has been 5.2%, slightly better than average.
As the dominant county, Franklin County's growth
pattern is similar to the region's. However, PCPI peaked
in 2006 before falling 7.0% in the following two years
and rising only 3.4% after the recession.
30,000
35,000
40,000
45,000
50,000
55,000
60,000
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
Co
nsta
nt
do
llars
Delaware Ohio U.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
Co
nsta
nt
do
llars
Region Ohio U.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
Co
nsta
nt
do
lla
rs
Fairfield Ohio U.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
Co
nsta
nt
do
lla
rs
Franklin Ohio U.S.
26,000
28,000
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
Co
nsta
nt
do
llars
Knox Ohio U.S.
LICKING COUNTY LOGAN COUNTY MADISON COUNTY MARION COUNTY
MORROW COUNTY PICKAWAY COUNTY UNION COUNTY
Source: Bureau of Economic Analysis.
5
QUARTERLY ECONOMIC UPDATE | Q4 2012
COLUMBUS REGION PER CAPITA INCOME (continued)
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
Licking Ohio U.S.
28,000
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
Logan Ohio U.S.
28,000
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
Madison Ohio U.S.
26,000
28,000
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
Marion Ohio U.S.
26,000
28,000
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
Morrow Ohio U.S.
26,000
28,000
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
Pickaway Ohio U.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
Union Ohio U.S.
Co
nsta
nt
Do
lla
rs
Co
nsta
nt
Do
llars
Co
nsta
nt
Do
lla
rs
Co
nsta
nt
Do
lla
rs
Co
nsta
nt
Do
llars
Co
nsta
nt
Do
lla
rs
Co
nsta
nt
Do
lla
rs
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.
6
AIRPORT PASSENGERS & CARGOCOMMERCIAL REAL ESTATE
QUARTERLY ECONOMIC UPDATE | Q4 2012
0.0
5.0
10.0
15.0
20.0
25.0
20
07-Q
1
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
Pe
rce
nt
Columbus U.S.
0.0
5.0
10.0
15.0
20.0
25.0
20
07
-Q1
20
07-Q
2
20
07
-Q3
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
Pe
rce
nt
Columbus U.S.
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Q1 Q2 Q3 Q4
Th
ou
san
ds o
f p
asse
ng
ers
2008 2009 2010 2011 2012
0
10,000
20,000
30,000
40,000
50,000
60,000
Q1 Q2 Q3 Q4
Th
ou
sa
nd
s o
f p
ou
nd
s
2008 2009 2010 2011 2012
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.
7
QUARTERLY ECONOMIC UPDATE | Q4 2012
HOUSING
RESIDENTIAL SALES, COLUMBUS MLS
AREA
RESIDENTIAL BUILDING PERMITS,
COLUMBUS MSA Year-over-year building permit growth weaker than
average, but only because of a very strong 2011:
Building permits were issued for 1,934 residential units in
the Columbus MSA during the fourth quarter, up 16%
from the previous year. The comparable U.S. gain was
33%. The seeming weakness in the MSA is due to an
unusually strong 2011 (see chart) driven by unusual
strength in the volatile multi-unit category at the end of
2011.
Multi-unit permits again a majority of regional
construction: Permits for units in multii-unit structures
in the MSA were 59% of the total; these units were 39%
of permits nationally.
Number of home sales in Columbus up 23%: Home
sales in the Columbus Multiple Listing Service area
(larger than and somewhat different from the Region)
totaled 5,528, up 22.9% from last year. Nationally, home
sales during the quarter were 12.9% higher than last year,
and were 20.5% higher in the Midwest.
For the year, sales rose 34.4% locally and 29.1%
nationally..
The dollar volume of MSA home sales totaled $900
million, 33.7% greater than during the fourth quarter of
2011.
0
500
1,000
1,500
2,000
2,500
Q1 Q2 Q3 Q4
Nu
mb
ne
r o
f P
erm
its
2008 2009 2010 2011 2012
0
1,600
3,200
4,800
6,400
8,000
Q1 Q2 Q3 Q4
Nu
mb
ne
r o
f S
ale
s
2008 2009 2010 2011 2012
-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
Pe
rce
nt
Ch
an
ge
Columbus MLS
U.S.
MSA HOUSE PRICE CHANGE, 1ST QUARTER 2007 TO 3RD QUARTER 2012
MSA HOUSE PRICE CHANGE, 2ND QUARTER 2009 TO 3RD QUARTER 2012
Source: Federal Housing Finance Agency House Price Index.
8
QUARTERLY ECONOMIC UPDATE | Q4 2012
HOUSING (continued)
FHFA HOUSE PRICE INDEX, 1ST QUARTER 2007 -
3RD QUARTER 2012
-16.5%
-7.2%
-40% -35% -30% -25% -20% -15% -10% -5% 0% 5% 10% 15%
Jacksonville
Detroit
San Diego
Chicago
Minneapolis
United States
Cleveland
Milwaukee
St Louis
Kansas City
Charlotte
Cincinnati
Columbus
Indianapolis
Nashville-Davidson
Raleigh
Oklahoma City
Pittsburgh
Austin
80.00
85.00
90.00
95.00
100.00
105.00
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
3Ind
ex: 1s
t Q
tr. 2
00
7 =
10
0.0
Columbus MSA Ohio U.S
-8.0%
-3.9%
-25% -20% -15% -10% -5% 0% 5%
Jacksonville
Chicago
Minneapolis
Charlotte
Detroit
Cleveland
Milwaukee
United States
Kansas City
St Louis
Raleigh
Cincinnati
Nashville-Davidson
Columbus
San Diego
Indianapolis
Oklahoma City
Austin
Pittsburgh
Prices in Columbus higher year-over-year: Columbus
MSA house prices in the third quarter were up 0.3% from
a year earlier, compared to a loss of 0.5% in Ohio and no
change at the national level. The local gain ranked 30th
among the 64 million-plus regions in the U.S. Some of
the largest year-over-year gains were among the hard-
hit California and Florida MSAs.
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
9
QUARTERLY ECONOMIC UPDATE | Q4 2012
GDP AND INFLATION
Growth in U.S. GDP near zero; consumption
increases:
The preliminary estimate of U.S. Gross Domestic
Product (GDP) showed an annualized decrease of
0.1% in the fourth quarter, versus a 3.1% gain in the
third quarter.
Personal consumption (70% of the economy) grew
2.2%, up from 1.6% in the previous quarter. The
weakness in total GDP was driven by government
sector contraction, which subtracted 1.3 percentage
points from the total. The Thomson
Reuters/University of Michigan Index of Consumer
Sentiment declined sharply in December, likely as a
result of fiscal cliff concerns.
U.S. GDP growth to rise gradually to 2.7% by the end
of 2013: The January Wall Street Journal economic
forecasting survey expected GDP growth to increase
gradually through the year. Most economists put the risk
of a recession in 2013 at 20% or less -- about the same
risk as last quarter.
Overall inflation rose to 1.9%, up from 1.6% in the third
quarter. Core inflation (excluding food and energy items)
ticked down one-tenth of a point to 1.9%.
-3%
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
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
An
nu
alize
d C
han
ge
(P
erc
en
t)
All items
Excl.Food &Energy (core)
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
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
An
nu
alize
d C
han
ge
(P
erc
en
t)
GDP
Personal Cons.Exp.
PROJECTS ACTIVE AT END OF EACH MONTH
10
NUMBER OF PROJECTS (2012 v. 2011) FIRST-TIME VISITS (2012 v. 2011)
PROJECTS ACTIVE AT END OF EACH MONTH
BY INDUSTRY
QUARTERLY ECONOMIC UPDATE | Q4 2012
COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-DEC 2012
In 2012, Columbus 2020 had 275 projects started, 79 percent
higher than in 2011. There were also 73 first-time visits to the
Columbus Region by companies in 2012, 43 percent higher
than in 2011.
The number of active projects increased steadily throughout
2012 and reached a peak of 171 at the end of October. There
has been approximately a 60/40 split between new and
existing projects. Industry composition has also remained
steady throughout 2012, after a shift toward more office
projects between 2011 and this year.
44 34 34 39
42
57 58 54 57
68 70 64 57 66
53 59
68
82 80 82 90
103
85 82
0
20
40
60
80
100
120
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Existing New
44%
29%
12%
15%
Dec 2012
38%
30%
16%
16%
Mar 2012
45%
26%
18%
11%
Jun 2012
50%
31%
9%
10%
Sep 2012
Manufacturing Office Logistics Tech/R&D
9 11
17 18
11 12 9 9
16 19
13 10
25
11
27 24
20
44
16
30
20 23
28
7
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
11
6 6 6
9
4 3
6 6
10
4
2
0
3
6
9
12
15
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 2012
2013 Q1 PLANNED ACTIVITIES
11
COLUMBUS 2020 PERFORMANCE | DEVELOPMENT ACTIVITIES JAN-DEC 2012
QUARTERLY ECONOMIC UPDATE | Q4 2012
2012 Q4 COMPLETED ACTIVITIES
EXISTING BUSINESS VISITS CONDUCTED BY
INDUSTRY
EXISTING BUSINESS VISITS CONDUCTED BY
PLACE
In the fourth quarter of 2012, the Columbus 2020 team
traveled across the U.S. and the globe visiting 10 U.S. cities
and one foreign country, Japan. Visits included business
development missions, industry conferences, and consultant
and active project calls. First quarter 2013 visits include 11
U.S. cities, including business development missions to
Indianapolis, Chicago, Atlanta, Greenville, Charlotte, New
York, Los Angeles, San Francisco, and Seattle, as well as an
international mission to Japan.
The Columbus 2020 team and our local economic
development partners conducted a combined total of 455
visits to businesses in the Region during 2012.
Manufacturing businesses represent a 39 percent share of
visits, followed by headquarters and business services at 26
percent. Manufacturing
39%
HQ & Business Services
26%
Logistics 14%
Tech/R&D 21%
0
40
80
120
160
200
Columbus 2020 Local ED Partner
12
ED PROJECT ANNOUNCEMENTS - JOB
CREATION
ED PROJECT ANNOUNCEMENTS, COUNT
BY MUNICIPALITY
ED PROJECT ANNOUNCEMENTS, COUNT
BY PLACE
QUARTERLY ECONOMIC UPDATE | Q4 2012
ED PROJECT ANNOUNCEMENTS BY
INDUSTRY
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2012
Columbus 2020 tracks economic development project announcements
in the Columbus Region. Our database contains 111 projects for 2012.
Compared to 2011, the industry composition of projects announced in
2012 was more weighted toward headquarters/office and logistics
functions. These projects represent a combined total of 20,486 jobs
anticipated to be created or retained.
44%
25%
12%
19%
2011
33%
35%
20%
12%
2012
4,132
5,840
7,839 7,215
4,981
8,290
0
2,000
4,000
6,000
8,000
10,000
Attract Expand Retain
2011 2012
36
9 8 6
18
34
0
5
10
15
20
25
30
35
40
Manufacturing Office Logistics Tech/R&D
COMPANY DESCRIPTION CITY CTY. NO. JOBS
Access America Transport Freight services Hilliard Franklin
AcuSport Consumer products - sporting goods Bellfontaine Logan
Advanced Medical Medical paperwork Grove City Franklin
AGC Flat Glass North America Automotive glass, display, chemicals, electronics, energy Bellefontaine Logan
Aleris International, Inc. Residential aluminum building products Ashville Pickaway
Allied Mineral Products, Inc. Foundry, steel, aluminum, copper and zinc Columbus Franklin
American School of Technology Education for health and technical careers Columbus Franklin
Ariel Corporation Gas compressors Mount Vernon Knox
Arminak & Associates LLC Packages and containers for cosmetics and cleaning products New Albany Licking
Ascena Retail Group, Inc. Women and tween girl apparel Etna Licking
Ask Chemical US Limited Chemicals Dublin Franklin
Autotool Inc. Automated systems for auto companies and suppliers Jerome Township Union
Banner Metals Group, Inc. Brake parts for aviation, auto, construction equipment Columbus Franklin
Bare Escentuals Beauty, Inc. Consumer products Columbus Franklin
Big Lots, Inc. Retailer of homegoods Columbus Franklin
Boehringer Ingelheim Roxane Inc. Brand and generic pharmaceutical manufacturing and packaging Columbus Franklin
Boeing Corporation Electrostatically supported gyro nagivation repair line Heath Licking
Call Copy, Inc. Information services and software Columbus Franklin
Capital City Millwork Custom millwork, residential doors/frames Westerville Franklin
Cardington Yutaka Technologies, Inc. Manufacture Tier II Honda supplier Cardington Morrow
Citi Fund Services Ohio, Inc. Fund services including administration, accounting, transfer agency, compliance Columbus Franklin
Cleverley and Associates Health care data and cost analysis for hospitals Worthington Franklin
Closed Loop Refining & Recovery Electronics recycling Columbus Franklin
ContactUS LLC Contact center for clients in need of inbound and outbound support Columbus Franklin
Dawson Resources Employment services Grandview Heights Franklin
Delaware Art.com, Inc. Fulfillment center for art and décor items Lockbourne Franklin
Discover Financial Services, Inc. Data center New Albany Franklin
DSW, Inc. Office and distribution center Columbus Franklin
13
Expansion28
80 Expansion
QUARTERLY ECONOMIC UPDATE | Q4 2012
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2012
Expansion
Expansion
74 Retention / Expansion
100 Expansion
57
TYPE
525 Retention / Expansion
26
NA
NA Expansion
250 Retention / Expansion
68 Expansion
50 Attraction
264 Retention / Expansion
926 Expansion
134 Expansion
150 Expansion
18 Retention / Expansion
94 Retention / Expansion
55 Attraction
40 Retention / Expansion
200 Expansion
175 Expansion
662 Expansion
1030 Expansion
265
NA
Expansion
Expansion
Expansion
87 Expansion
75 Expansion
COMPANY DESCRIPTION CITY CTY. NO. JOBS
ECR Internet Services, Inc. Information services and software Mount Vernon Morrow
e-Cycle LLC Recycler of cell phones Hilliard, New Albany Franklin
Elton Manufacturing Manufacturer of window and weatherstripping products to garage door industry Worthington Franklin
Exel Inc. Logistics Obetz Franklin
FIMM USA, Inc. Manufacturer of metallic broom and mop handles, tools and snow shovels Columbus Franklin
Florida Production Engineering, Inc. Injection molding for auto manufacturing Circleville Franklin
Food Safety Net Services Food testing laboratory Columbus Franklin
FT Precision Inc. Rocker arms supplier for Honda Fredericktown Knox
Graphic Packaging International Paperboard provider to beverage companies Marion Marion
Harris, Mackessy and Buchy IT business and technology Westerville Delaware
HFI, LLC Honda supplier Canal Winchester Fairfield
Honda of America Manufacturing, Inc. Transmission factory Russells Point Logan
Honda of America Manufacturing, Inc. Automotive research and development Marysville Union
Honda of America Manufacturing, Inc. Automatic transmissions for Accord, Acura TL, Acura MDX, Acura RDX Russells Point Logan
Honda of America Manufacturing, Inc. Autmotive manufacturing East Liberty Logan
Howard Hanna Real estate brokerage office Upper Arlington Franklin
Hubbard Enterprises, LLC Manufacturer of rigs for oil and gas industry Lancaster Fairfield
Humana Office Dublin Franklin
IBM Corporation Analytics center Dublin Franklin
IMS Electronics Electronics recycling Columbus Franklin
ITM Marketing Call center Granville Licking
Jifiti Software - mobile applications Columbus Franklin
JPMorgan Chase & Co Financial services Westerville Delaware
King Strategic Communications Communications firm Gahanna Franklin
La Senza, Inc. Fashion retailer Columbus Franklin
Lancaster Pollard & Co. Security brokers and dealers Columbus Franklin
Lincare Holdings, Inc. Healthcare products Columbus Franklin
Magnanni Inc. Shoe manufacturer New Albany Licking
14
231 Expansion
70 Attraction
150 Attraction
3 Retention / Expansion
25 Attraction
Expansion
40
49 Expansion
5 Attraction
Retention / Expansion
100
25 Attraction
200 Expansion
NA Expansion
QUARTERLY ECONOMIC UPDATE | Q4 2012
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2012
Attraction
Expansion
Retention / Expansion
40
TYPE
183 Expansion
616
NA Expansion
50
30
270 Expansion
NA Expansion
100 Expansion
Attraction
5 Attraction
500 Attraction
259 Expansion
50 Attraction
Expansion
205
10 Retention / Expansion
350 Expansion
COMPANY DESCRIPTION CITY CTY. NO. JOBS
Manifold & Phalor, Inc. Metal products fabrication, die and mold refurbishing and engineering services Canal Winchester Fairfield
Marcy Industries Metal fabrication, machining and welding for transportation industry Marion Township Marion
Marengo Fabricated Steel Ltd. Truck manufacturing Marengo Morrow
Marion Industrial Center Intermodal freight facility Marion Marion
Menlo Logistics Inc. Distribution center Etna Licking
Metro CD Engineering, LLC Architecture and engineering firm Dublin Franklin
Midland Facility Services Maintenance services, property management Westerville Delaware
MSC Industrial Supply Co. Distribution center Columbus Franklin
Nationwide Insurance Insurance Dublin Franklin
Nestle USA, Inc. Research laboratory Dublin Franklin
Niagara Bottling, LLC Water bottling plant Gahanna Franklin
Orange Barrel Media Advertising agency Columbus Franklin
Oxford Consulting Group, Inc. IT consulting Westerville Franklin
Pacer International, Inc. & Subsidiaries Logistics Dublin Franklin
PACS Industries Switch gears and control panels Mount Vernon Knox
Parker Hannifin R&D Columbus Franklin
Progressive Medical, Inc. Financial services Westerville Franklin
Quantum Health, Inc. Management of health care benefits and services Columbus Franklin
Rampart Hosting, LLC Information services and software Columbus Franklin
Rele Handels GmbH Sales and distribution center of floor boards Columbus Franklin
Residential Finance Corporation Financial services Columbus Franklin
Resource Ventures, LTD Online marketing services and consulting Columbus Franklin
Restoration Hardware Inc. Distribution center and customer service West Jefferson Madison
Robin Enterprises, Co. Printing company, one of Ohio's largest commercial printer Westerville Franklin
Rolls-Royce Energy Systems Inc Gas powered turbines Mount Vernon Knox
RxScan Medical bracelet scanners for pharmaceutical use Powell Delaware
Safety Today Inc. Sales and distribution of safety equipment Grove City Franklin
Schafer Driveline, LLC Acquisition of auto manufacturer Fredericktown Knox
15
15 Expansion
87 Retention / Expansion
NA Expansion
25 Expansion
50 Expansion
250 Attraction
NA Expansion
220 Retention / Expansion
73 Attraction
NA Expansion
QUARTERLY ECONOMIC UPDATE | Q4 2012
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2012
TYPE
66 Expansion
6 Expansion
15 Expansion
560
755
31
2
140
483
240
25
335
Retention / Expansion
Retention / Expansion
Expansion
Expansion
Expansion
Expansion
Attraction
Retention / Expansion
Expansion
Expansion
Expansion
Retention / Expansion
447
60
100
15 Attraction
150 Retention / Expansion
13 Retention / Expansion
COMPANY DESCRIPTION CITY CTY. NO. JOBS
Secans Global BV Sales and distribution center Columbus Franklin
Sedgwick Claims Mgmt Services, Inc. Customer service center for disability policies New Albany Franklin
Skylight Financial Group Provider of paperless payroll systems and services Dublin Franklin
SoySaponin Inc. Sales and marketing office for dietary supplement company Columbus Franklin
SPACRC Real Estate Holdings LLC Business investment and management Columbus Franklin
Stanley Electric US Co Inc Auto parts manufacturer London Madison
Stella & Dot Online retailer Urbancrest Franklin
Sudden Impact Marketing firm Westerville Delaware
Switchbox Inc. Web development and IT solutions Columbus Franklin
Tarigma Corporation Smart grids Columbus Franklin
Taylor Building Products, Inc. Door manufacturing Lancaster Fairfield
Techinical Rubber Company, Inc. Provider of tire and tube repair service solutions Johnstown Licking
Total Quality Logistics, LLC Freight brokerage Columbus Franklin
Transportation Research Center, Inc. Automotive testing and research facility East Liberty Logan
Triple T Transport Inc. Headquarters of freight broker Orange Township Delaware
TS Trim Industries, Inc. Manufacturer of automotive door panels Canal Winchester Franklin
UPS - Great Lakes District Mail service Columbus Franklin
US Yachiyo, Inc. Manfucturer of gas tanks for Honda Marion Marion
USA Vinyl LLC Vinyl fencing products Groveport Franklin
V & S Columbus Galvanizing LLC Manufacturer of galvanized steel for various industries Columbus Franklin
Veeva Systems Cloud based business services Hilliard Franklin
Veriano Fine Foods & Spirits Ltd. Tessora Limone and other spirited beverage products New Albany Franklin
Vision Service plan Customer service center Columbus Franklin
Wasserstrom Restaurant Supply Distribution center Columbus Franklin
Willbros Engineering Engineering firm Westerville Franklin
Worthington Industries, Inc. Office/IT functions of steel manufacturer Worthington Franklin
Zulily, Inc. E-commerce fufillment center Obetz Franklin
16
QUARTERLY ECONOMIC UPDATE | Q4 2012
NOTABLE EXPANSIONS & LOCATIONS | JAN-DEC 2012
TYPE
2 Attraction
5242 Attraction
NA Expansion
1 Attraction
20 Attraction
182 Retention / Expansion
NA Attraction
7 Expansion
40 Expansion
11 Expansion
38 Expansion
59 Retention / Expansion
80 Expansion
100 Expansion
20 Expansion
300 Expansion
150 Expansion
215 Expansion
49 Expansion
59 Expansion
9 Expansion
15 Attraction
285 Expansion
388 Retention / Expansion
194 Expansion
300 Expansion
580 Attraction
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