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The Importance of regional partnership and the role of JobsOhio, Columbus 2020, and the Mid-Ohio Development Exchange TRACK 5: INTRODUCTION TO ECONOMIC DEVELOPMENT ED411 DECEMBER 5, 2014 THE OHIO UNION @ THE OHIO STATE UNIVERSITY 1 Slide 2 Todays Speakers Mark Patton, JobsOhio Matt McCollister, Columbus 2020 Jean Carter Ryan, Mid-Ohio Development Exchange (MODE) Moderator:Eric Phillips, Union County Economic Development Partnership 2 Slide 3 Columbus Regions Economic Development Structure Local Economic Development Organizations (Cities, Villages, Townships, Counties, CICs, Ports, and Chambers) Mid-Ohio Development Exchange (Membership from LEDOs) Columbus 2020 (Contract for services with MODE, Columbus, and Franklin County) JobsOhio Training/Support Collective Voice 3 Projects Slide 4 Mid-Ohio Development Exchange JEAN CARTER RYAN, MODE PRESIDENT 4 Slide 5 What is MODE? The Mid-Ohio Development Exchange (MODE) is a membership organization of local economic development organizations from throughout the 11-county Columbus Region. Approx. $350K budget/year 5 Slide 6 MODE provides programming meant to: Increase awareness of economic development issues and best practices Collectively strengthen and grow local economies throughout Central Ohio MODE is an organization of mostly 1 or 2-person shops whose collective voice helps shape Econ Dev policy and awareness in the Columbus region. 6 Slide 7 7 Slide 8 VISION MODE will be a catalyst in the ongoing evolution of regional economic development activity within the Columbus Region. It is no use to wait for your ship to come in unless you have sent one out Belgian Proverb 8 Slide 9 MODE vis--vis Columbus2020: Funding partner Interact: bi-monthly Economic Development Advisory Committee (EDAC) sessions Co-sponsor ED 411 Annual retreat MODE keeps seat on Columbus2020s board 9 Slide 10 MODE focuses its efforts on: Education/Programming ED 411 Networking Travel Funds Training Funds 10 Slide 11 Education/Programming: Meet every other month over lunch Programs address local community needs TIF lessons learned Developer panel how to work best with local developers Arts impact on Econ Dev Workforce best practices 11 Slide 12 ED 411: Sponsored seminar targeting local elected officials within Columbus Region Goal: create Econ Dev advocates in all levels of government 500 people attended (2013) 12 Slide 13 Networking: Formal: MODE meetings & Columbus 2020s EDAC sessions Informal: Relationships built & sustained thru MODE Were all talking were all calling each other. It wasnt too long ago when a business would play communities off against one another to see which would offer the best deal. That doesnt happen as much anymore because we all keep the lines of communication open between us. Banding together is a good thing for the region. 13 Slide 14 Wishes cost nothing unless you want them to come true. Frank Tygedd 14 Slide 15 Travel Funds: $30,000 MODE allotment for travel in 2014 Travel funds available to cover members expenses to accompany Columbus2020 on trips 15 Slide 16 Training Funds: $10,000/year MODE allotment for training Up to 5 members may participate in ( at @ $2,000) Professional Dev opportunities: Council of Dev Fin Agencies (CDFA) programs CEcD IEDC coursework 16 Slide 17 Jean Carter Ryan, President Columbus-Franklin County Finance Authority JRyan@columbusfinance.org (614) 429-0177 17 Slide 18 Columbus 2020 MATT MCCOLLISTER, COLUMBUS 2020 18 Slide 19 COLLABORATIVE ECONOMIC DEVELOPMENT December 5, 2014 Slide 20 COLUMBUS 2020 Regional economic development organization Established in 2009 Private, nonprofit organization Partner with state and local government Jobs Ohio Network Partner Nearly 300 private sector partners 40+ public sector partners (MODE) 20+/- professional staff 20 Slide 21 ACTVITIES AREAS OF WORK Attract new companies to the Columbus Region Cultivate our existing companies Support high-growth companies Improve the regional business environment 10-YEAR GOALS Generate 150,000 net new jobs Generate $8 billion of capital investment Increase per capita income 30 percent Be recognized as a consistent leader in regional economic development 21 Slide 22 ACTIVITIES 22 Business Development Project Management Business Environment Slide 23 ACTIVITIES 23 Business Development Targeted marketing Direct company outreach Supply chain/industry dialogues Missions and market visits Multiplier relationship campaign General marketing and promotion 212 business development missions, market visits and/or industry conferences have been executed since January 2011 31 unique states 52 unique cities 36 international missions to 11 different countries Slide 24 ACTIVITIES 24 Project Management Consulting approach Market research Cost analysis Public partner engagement Connection w/ private partners Incentive assistance Client services 130-150 Active Projects Slide 25 ACTIVITIES 25 Business Environment Workforce Site readiness Tax/regulatory environment Emerging Regional Priorities Meeting the workforce challenge Increasing global trade and investment Developing competitive infrastructure Generating high-growth opportunities Increasing manufacturing competitiveness Slide 26 10-YEAR GOALS Generate $8 billion in new capital investment $4.52 billion as of October 2014 Generate 150,000 net new jobs 85,015 as of September 2014 Raise personal per capita income by 30 percent 11 percent as of December 2012* *Data lags approximately 18 months Earn recognition as a leader in economic development Top 10 Regional Economic Group by Site Selection 26 Slide 27 PROGRESS 27 2010 DISCUSSION The need for JOBS 9.7% unemployment Higher vacancy rates The need for coordination local-regional- state Goal of $100 million in venture 2014 DISCUSSION The need for a quality workforce 3.9% unemployment Spec buildings Moving beyond basic coordination to partnership More than $300 million in venture funds available in the community Slide 28 Columbus 2020 150 S. Front St., Suite 200 Columbus, OH 43215 columbusregion.com | 614-225-6063 THANK YOU Matt McCollister Slide 29 JobsOhio MARK PATTON, JOBSOHIO 29 Slide 30 JobsOhio Overview December 5, 2014 30 Slide 31 JobsOhio Overview Mission Statement Client Focus Key Partners Private-Public Results Oriented JobsOhio is a private, non-profit corporation committed to driving job creation and new capital investment in Ohio through business attraction, retention and expansion efforts 31 Slide 32 JobsOhio Overview Mission Statement Client Focus Key Partners Private-Public Results Oriented JobsOhios model is centered around serving our clients companies creating jobs in Ohio and developing long-term relationships 32 Slide 33 JobsOhio Overview Mission Statement Client Focus Key Partners Private-Public Results Oriented JobsOhio brings together organizations and stakeholders from across the state including our six regional network partners (JON), consultants, site selectors, local development offices, industry associations, government officials and others to drive economic development activity in Ohio 33 Slide 34 JobsOhio Overview Mission Statement Client Focus Key Partners Private-Public Results Oriented JobsOhios acquisition of a 25-year franchise on the states liquor business provides private funding that we utilize to fulfill a public purpose of creating jobs and improving the economic well-being for Ohios citizens 34 Slide 35 JobsOhio Overview Mission Statement Client Focus Key Partners Private-Public Results Oriented JobsOhios model is working since inception, we have had 1,016 projects with companies that committed to create 77,540 new jobs, retain 227,578 existing jobs and invest $18.6 billion of new capital in Ohio 35 Slide 36 Key Attributes & Qualities Experienced team Strong partner network Sustainable funding Relationship approach Long-term horizon Flexibility Speed of market Performance driven ROI philosophy Competitive Advantage 36 Slide 37 Industry Focus BioHealth IT and Technical Services Automotive Advanced Manufacturing (including Aerospace and Aviation) Shale Energy and Petrochemicals FIVE KEY AREAS: THESE SECTORS: Are forecast to drive majority of tradable job growth Require proactive strategy and focus to capture job growth 37 Slide 38 McKinsey Game Changers 38 Slide 39 Success Stories Fuyao Glass Auto glass manufacturing facility Moraine, Montgomery County 800 new jobs committed $230M new capital investment General Electric Global Operations Center Cincinnati, Hamilton County 1,400 new jobs committed McLane Distribution center Findlay, Hancock County 425 new jobs committed $199M new capital investment Bocchi Labs Personal Care Products Manufacturing New Albany, Licking County 300 new jobs committed $20M new capital investment Alliance Data Financial services corporate office Columbus, Franklin County 700 new jobs committed $84M new capital investment 39 Zulily Distribution center Obetz, Franklin County 500 new jobs committed $20M new capital investment Slide 40 Questions? 41 S. High Street, Ste. 1500 | Columbus, OH 43215 (614) 224-6446 | jobs-ohio.com Mark Patton patton@jobs-ohio.com 40 Slide 41 Questions and Answers TRACK 5: INTRODUCTION TO ECONOMIC DEVELOPMENT ED411 DECEMBER 5, 2014 THE OHIO UNION @ THE OHIO STATE UNIVERSITY 41