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The rate of increase in Columbus Region employment in the second quarter was more than double the Ohio and U.S. levels. Click for more news from the Columbus Region's second quarter of 2013.
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Q2QUARTERLY ECONOMIC
UPDATE2013
Q2
columbusregion.com 614-225-6063 With economic analysis from Regionomics™ LLC
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 | Q2 2013
EMPLOYMENT, LABOR FORCE, UNEMPLOYMENT RATES
COLUMBUS REGION UNEMPLOYMENT
RATE
The Columbus 2020 economic update for the second
quarter of 2013 covers regional economic data and
economic development activities year to date, with a
focus on April to June. The analysis of the regional
economy (pages 1 to 9) was prepared by Bill
LaFayette, Ph.D., RegionomicsTM LLC.
Columbus metro area employment up sharply in
the second quarter: Columbus MSA employment
increased 15,600 (1.6%) in the second quarter to a
record 967,700. Ohio employment increased 0.5% and
U.S. employment grew 0.4%. Employment growth over
the past 12 months was 17,300 (1.8%) for the MSA,
0.3% for Ohio, and 1.7% for the U.S.
Regional unemployment rate higher than in March:
The 11- -adjusted
unemployment rate was 6.2% in June, compared to
6.0% in March. The June rate was less than the 7.2%
Ohio rate and the 7.6% U.S. rate.
The number of employed residents increased 12,300
from March while the labor force increased 15,100,
leading to the increase in the unemployment rate.
Gap between normal and actual labor force growth
narrows: The difference between reported labor force
and the level assuming normal growth was 38,000 in
March, its lowest level in 13 months and down from
50,000 in March.
90
92
94
96
98
100
102
104
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
10/1
11/
124
/12
7/1
210
/12
1/13
4/1
3
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
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
7/1
0
10/1
0
1/11
4/1
1
7/1
1
10/11
1/12
4/1
2
7/1
2
10/1
2
1/13
4/1
3
Columbus Region Ohio U.S.
920
970
1020
1070
1120
1/0
84
/08
7/0
810
/0
81/
09
4/0
97
/09
10/0
91/
104
/10
7/1
010
/10
1/11
4/11
7/1
110
/11
1/12
4/1
27
/12
10/12
1/13
4/13
Th
ou
san
ds
Labor force
Labor force, normal growth
Resident employment
MANUFACTURING
*Excluding computer design and related services.
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 | Q2 2013
EMPLOYMENT BY INDUSTRY
LOGISTICS: TRANSPORTATION,
WAREHOUSING & WHOLESALE
MSA SHARE OF EMPLOYMENT BY INDUSTRY,
DECEMBER 2012
Logistics 8.6% Manufacturing
7%
Professional & business svcs*
14.9%
Computer design &
related svcs 1.9%
Finance & insurance
6.2% Healthcare & social
assistance 12.5%
Leisure & hospitality
10.1%
Government 16.3%
Retail trade 10.0%
Other 12.5%
80
85
90
95
100
105
110
1/0
84
/08
7/0
810
/08
1/0
94
/09
7/0
910
/09
1/10
4/1
07/1
010
/10
1/11
4/1
17
/11
10/1
11/
124
/12
7/1
210
/12
1/13
4/13
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
75
80
85
90
95
100
105
110
1/0
84
/08
7/0
810
/08
1/0
94
/09
7/0
910
/09
1/10
4/1
07/1
010
/10
1/11
4/1
17
/11
10/1
11/
124
/12
7/1
210
/12
1/13
4/13
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
80
85
90
95
100
105
110
1/0
84
/0
87/0
810
/08
1/0
94
/0
97/0
910
/09
1/10
4/10
7/10
10/1
01/
114
/11
7/1
110
/11
1/12
4/12
7/1
210
/12
1/13
4/1
3
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
80
85
90
95
100
105
110
1/0
84
/08
7/0
810
/0
81/
09
4/0
97
/09
10/0
91/
104
/10
7/1
010
/10
1/11
4/11
7/11
10/1
11/
124
/12
7/1
210
/12
1/13
4/13
Ind
ex: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
80
90
100
110
120
130
140
1/0
84
/08
7/0
810
/0
81/
09
4/0
97
/09
10/0
91/
104
/10
7/1
010
/10
1/11
4/11
7/1
110
/11
1/12
4/1
27
/12
10/12
1/13
4/1
3
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
LEISURE & HOSPITALITY
Industry MSA empl. chg. OH US GOVERNMENT RETAIL TRADE
% % %
Logistics +0.3 +0.3 +0.2
Manufacturing +3.2 -0.0 -0.2
Prof. & business services +3.1 +0.4 +1.0
Computer design & related svcs. 0 0.0 -2.2 +1.1
Finance & insurance +0.7 +1.1 +0.5
Healthcare & social assistance +2.7 +0.8 +0.4
Leisure & hospitality +5.0 +2.9 +1.5
Government -1.7 +0.4 -0.0
Retail trade +0.4 +0.1 +0.6
3
QUARTERLY ECONOMIC UPDATE | Q2 2013
EMPLOYMENT BY INDUSTRY (continued)
HEALTHCARE & SOCIAL ASSISTANCE
+400
No.
+200
+2,100
+4,800
+400
+3,200
+4,600
-2,700
Charts on pages 2 and 3 show that the Columbus
metro area experienced greater-than-average
quarterly employment gains in manufacturing,
healthcare, business services and leisure.
Manufacturing employment is up 1,400 (2.1%) year-
over-year. Ohio employment is up 0.7% and the U.S. is
up 0.2%.
Computer employment has been flat for the past year
locally and down 1.3% statewide, but up 4.7%
nationally.
Leisure and hospitality employment is up 4,800 (5.1%)
from last June, compared to gains of 2.3% statewide
and 3.7% nationally.
Despite only average performance of logistics in the
second quarter, its year-over-year gain is 3.4%, versus
2.2% statewide and 1.4% nationally.
80
85
90
95
100
105
110
115
120
125
130
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
10/1
11/
124
/12
7/1
210
/12
1/13
4/1
3
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
80
85
90
95
100
105
110
115
1/0
84
/08
7/0
810
/08
1/0
94
/09
7/0
910
/09
1/10
4/1
07/1
010
/10
1/11
4/1
17
/11
10/11
1/12
4/1
27/1
210
/12
1/13
4/1
3
Ind
ex
: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
80
85
90
95
100
105
110
1/0
84
/08
7/0
810
/08
1/0
94
/09
7/0
910
/09
1/10
4/1
07
/10
10/1
01/
114
/11
7/1
110
/11
1/12
4/1
27
/12
10/1
21/
134
/13
Ind
ex: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
80
85
90
95
100
105
110
1/0
84
/08
7/0
810
/0
81/
09
4/0
97
/09
10/0
91/
104
/10
7/1
010
/10
1/11
4/11
7/11
10/1
11/
124
/12
7/1
210
/12
1/13
4/1
3
Ind
ex: 1/
08
= 1
00
.0
Columbus MSA Ohio U.S.
DELAWARE COUNTY FAIRFIELD COUNTY
REGIONAL SHARE OF EMPLOYMENT BY COUNTY, 2012 FRANKLIN COUNTY KNOX COUNTY
Source: Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics.
4
QUARTERLY ECONOMIC UPDATE | Q2 2013
COUNTY EMPLOYMENT
Charts on pages 4 and 5 show 12-year trends of
Columbus Region employment at the county level,
including newly-released 2012 totals.
Franklin County accounts for 70% of total regional
employment, down from 74% in 2001.
Columbus Region employment rose 22,778 (2.4%) in
2012 vs. U.S. growth of 1.8%
Delaware County employment increased 5.3% (4,008) in
2012 to 79,666, double its 2001 level.
Also growing faster than the regional average were
Logan (3.2%), Madison (4.8%), Morrow (2.6%) and Union
(6.4%).
Franklin County reversed a near-steady 11-year decline,
adding 9,910 jobs (1.5%)
Counties suffering employment declines in 2012 included
Marion (0.5%), and Pickaway (0.9%).
80
100
120
140
160
180
200
220
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex: 2
00
1 =
10
0.0
Delaware Region U.S.
90
95
100
105
110
115
120
125
130
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex
: 2
00
1 =
10
0.0
Fairfield Region U.S.
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex: 2
00
1 =
10
0.0
Franklin Region U.S.
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex: 2
00
1 =
10
0.0
Knox Region U.S.
Franklin 70%
Delaware 8%
Licking 5%
Fairfield 4%
Union 3%
Marion 3%
Knox 2%
Logan 2%
Pickaway 1%
Madison 1%
Morrow 1%
LICKING COUNTY LOGAN COUNTY PROFESSIONAL & BUS. SVCS.MADISON COUNTY MARION COUNTY
EDUCATION & HEALTH SERVICESMORROW COUNTY PICKAWAY COUNTY UNION COUNTY REGION EXCLUDING FRANKLIN
Source: Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics.
5
QUARTERLY ECONOMIC UPDATE | Q2 2013
COUNTY EMPLOYMENT (continued)
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex: 2
00
1 =
10
0.0
Licking Region U.S.
75
80
85
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex: 2
00
1 =
10
0.0
Logan Region U.S.
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex
: 2
00
1 =
10
0.0
Madison Region U.S.
75
80
85
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex
: 2
00
1 =
10
0.0
Marion Region U.S.
75
80
85
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex: 2
00
1 =
10
0.0
Morrow Region U.S.
75
80
85
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex
: 2
00
1 =
10
0.0
Pickaway Region U.S.
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex
: 2
00
1 =
10
0.0
Union Region U.S.
90
95
100
105
110
115
120
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
Ind
ex
: 2
00
1 =
10
0.0
Region excl Franklin Region U.S.
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 | Q2 2013
8.0
10.0
12.0
14.0
16.0
18.0
20.0
22.0
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
20
12-Q
4
20
13-Q
1
Pe
rce
nt
Columbus U.S.
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Q1 Q2 Q3 Q4
Th
ou
sa
nd
s o
f P
asse
ng
ers
2009 2010 2011 2012 2013
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
Q1 Q2 Q3 Q4
Th
ou
san
ds o
f P
ou
nd
s
2009 2010 2011 2012 2013
10.0
12.0
14.0
16.0
18.0
20.0
22.0
20
07
-Q1
20
07-Q
2
20
07
-Q3
20
07
-Q4
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
Pe
rce
nt
Columbus U.S.
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
RESIDENTIAL SALES, COLUMBUS MLS
AREA
RESIDENTIAL BUILDING PERMITS,
COLUMBUS MSA
QUARTERLY ECONOMIC UPDATE | Q2 2013
HOUSING
Building permit growth again driven by multi-unit
activity: Building permits were issued for 2,374
residential units in the Columbus MSA during the
second quarter, up 37% from the previous year. The
comparable U.S. gain was 27.2%. Units in multi-unit
structures again accounted for a majority of permits.
These were 54.5% of local permits, but only 33.5% of
national permits.
Single-unit permits were 25.3% higher than in 2012,
slightly less than the 27% nationwide increase.
Number of home sales in Columbus up 21.5%: Home
sales in the Columbus Multiple Listing Service area
(larger than and somewhat different from the Region)
totaled 7,956 during the first quarter, up from 6,549 in
2012. Nationally, home sales during the quarter were
12.1% higher than last year, and were 14.6% higher in the
Midwest.
Homes sold in June had been on the market an average
of only 61 days. This is by far the shortest time to sale
in records going back to 2005. Even in 2005, time on
the market averaged 86 days.
The dollar volume of MSA home sales totaled $1.428
billion, 26% greater than during the second quarter of
2012.
0
500
1,000
1,500
2,000
2,500
Q1 Q2 Q3 Q4
Nu
mb
ne
r o
f P
erm
its
2009 2010 2011 2012 2013
0
1,600
3,200
4,800
6,400
8,000
9,600
Q1 Q2 Q3 Q4
Nu
mb
ne
r o
f S
ale
s
2008 2010 2011 2012 2013
-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
20
13-Q
1
20
13-Q
2
Pe
rce
nt
Ch
an
ge
Columbus MLS
U.S.
MSA HOUSE PRICE CHANGE, 1ST QUARTER 2007 TO 1ST QUARTER 2013
MSA HOUSE PRICE CHANGE, 2ND QUARTER 2009 TO 1ST QUARTER 2013
Source: Federal Housing Finance Agency House Price Index.
8
QUARTERLY ECONOMIC UPDATE | Q2 2013
HOUSING (continued)
FHFA HOUSE PRICE INDEX, 1ST QUARTER 2007 -
1ST QUARTER 2013
House prices in Columbus slightly higher year-
over-year: Columbus MSA house prices in the first
quarter were up 1.2% from a year earlier, compared to a
loss of 0.4% in Ohio and a 2.0% gain at the national
level. The local change ranked 39th among the 64
million-plus regions in the U.S.
-15.8%
-7.6%
-40% -30% -20% -10% 0% 10% 20%
Jacksonville
Detroit
San Diego
Chicago
Minneapolis
Cleveland
United States
Milwaukee
St. Louis
Kansas City
Cincinnati
Charlotte
Columbus
Indianapolis
Raleigh
Nashville-Davidson
Oklahoma City
Pittsburgh
Austin
-6.8%
-4.1%
-25% -20% -15% -10% -5% 0% 5% 10%
Jacksonville
Chicago
Charlotte
Minneapolis
Cleveland
Milwaukee
St. Louis
Kansas City
United States
Detroit
Raleigh
Cincinnati
Columbus
Nashville-Davidson
Indianapolis
San Diego
Oklahoma City
Pittsburgh
Austin
80
85
90
95
100
105
20
07-Q
1
20
07
-Q3
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
3
20
13-Q
1
Ind
ex:
1st
Qtr
. 2
00
7 =
10
0.0
Columbus MSA Ohio U.S
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 | Q2 2013
GDP AND INFLATION
Growth in U.S. GDP continues weak; consumption
growth slows:
The preliminary estimate of U.S. Gross Domestic
Product (GDP) showed an annualized increase of
1.7% in the second quarter, versus a significantly
downward-revised 1.1% gain in the first quarter. The
second-quarter gain was better than economists
expected, but still not strong.
Personal consumption (70% of the economy) grew
at a 1.8% annualized rate, down from 2.3% in the
first quarter. However, business and non-business
domestic investment strengthened. Imports (a
deduction from GDP) increased at a faster rate than
exports, negatively impacting GDP growth.
Government spending continued to decline, but at
a much slower rate than in the past two quarters.
The Thomson Reuters/University of Michigan Index
of Consumer Sentiment rose in July to a six-year
high of 85.1, which bodes well for consumer
spending.
U.S. GDP growth to improve somewhat in the
second half and into 2014: The July Wall Street
Journal economic forecasting survey expected GDP
growth to increase gradually through the second half
and the first half of 2014. The economists' average risk
of a recession during the next 12 months remained at a
very low 13%. A majority of economists (54%)
continued to believe that their forecast was more likely
to be too low than too high.
Overall inflation rose slightly to 1.8% from 1.6% in the
fourth quarter. Core inflation (excluding food and
energy) was unchanged at 1.8%.
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
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
20
14-Q
1
20
14-Q
2
An
nu
ali
ze
d C
han
ge
(P
erc
en
t)
GDP
Personal Cons.Exp.
-3%
-2%
-1%
0%
1%
2%
3%
4%
5%
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
An
nu
ali
ze
d C
ha
ng
e (
Pe
rce
nt)
All items
Excl. food &energy (core)
PROJECTS ACTIVE AT END OF EACH MONTH
10
NUMBER OF PROJECTS STARTED
(2012 v. 2013)
FIRST-TIME VISITS (2012 v. 2013)
COLUMBUS 2020 PERFORMANCE | PROJECTS JAN-JUN 2013
QUARTERLY ECONOMIC UPDATE | Q2 2013
PROJECTS ACTIVE AT END OF EACH MONTH
BY SECTOR
In the first six months of 2013, Columbus 2020 added 120
new projects to the pipeline and hosted 26 first-time visits
from companies and/or their location consultants.
More science & technology projects in the pipeline
As of the end of June 2013, Columbus 2020 had 132 active
projects, a level consistent with this time of the year in
2012. Future quarterly reports will track whether the early
fall and mid-winter peaks occur again as they did in the
past year.
The industry composition of projects shifted in the latest
quarter, with a higher share of science & technology
projects in the pipeline. At the end of June 2013, Columbus
2020 had 32 active projects from this sector, the highest
ever.
44 34 34 39 42
57 58 54 57
68 70 64
57 64
49 52 55 57 57
66
53 59
68
82 80 82 90
103
85 82 89
96
85 81
86
75
0
20
40
60
80
100
120
Existing New
25
11
27 24
20
44
16
30
20 23
28
7
19
25
19 21
24
12
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 2013
11
6 6 6
9
4 3
6 6
10
4
2 2
5 4 4
7
4
0
3
6
9
12
15
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 2013
0
20
40
60
80
100
Jan
20
12
Feb
Mar
Ap
r
May
Ju
n
Jul
Aug
Se
p
Oct
No
v
De
c
Jan 2
013
Feb
Mar
Ap
r
May
Ju
n
Manufacturing
HQ & Business Services
2013 Q3 PLANNED ACTIVITIES
11
COLUMBUS 2020 PERFORMANCE | DEVELOPMENT ACTIVITIES JAN-JUN 2013
QUARTERLY ECONOMIC UPDATE | Q2 2013
2013 Q2 COMPLETED ACTIVITIES
EXISTING BUSINESS VISITS CONDUCTED BY
SECTOR
EXISTING BUSINESS VISITS CONDUCTED BY
PLACE
In the second quarter of 2013, the Columbus 2020 team
traveled across the U.S. and the globe visiting 17 U.S. cities
and 4 foreign countries, Japan, Germany, France and UK.
Visits included business development missions, industry
conferences, existing headquarter visits and consultant and
active project calls. Third quarter 2013 visits include 8 U.S.
cities, including business development missions to Seattle
Chicago, Detroit, Houston, Philadelphia, New Jersey and
New York, as well international trips to China and Japan.
Larger share of retention visits to logistics operations
The Columbus 2020 team and our local economic
development partners conducted a combined total of 191
visits to businesses in the Region during the first half of
2013. Manufacturing businesses represent a 46% share of
visits, similar to years past. Compared to last year, 2013 to
date has seen a larger share of visits to logistics
companies, balancing a smaller share to headquarters and
business service operations.
0
10
20
30
40
50
60
Columbus 2020 Local ED Partner Both
45%
44%
46%
15%
28%
21%
17%
12%
16%
24%
16%
17%
2011
2012
Jan-Jun 2013
Manufacturing HQ & Business Services
Logistics Science & Technology
12
ED PROJECT ANNOUNCEMENTS - JOB
CREATION
ED PROJECT ANNOUNCEMENTS, COUNT
BY MUNICIPALITY
ED PROJECT ANNOUNCEMENTS, COUNT
BY PLACE
QUARTERLY ECONOMIC UPDATE | Q2 2013
ED PROJECT ANNOUNCEMENTS BY
SECTOR
NOTABLE EXPANSIONS & LOCATIONS | JAN-JUN 2013
HQ & business services comprise largest share of 2013 YTD
project announcements
Columbus 2020 tracks economic development project
announcements in the Columbus Region. In the first half of 2013, there
were 38 project announcements yielding 5,438 jobs created or
retained.
Headquarters & business services represented 39 percent of projects
announced so far in 2013, a share 4 percentage points higher than in
2012 and 14 points higher than in 2011. This is likely the result of the
higher shares of Columbus 2020 retention visits (page 11) and active
projects (page 10) that the sector saw throughout 2012.
Future quarterly reports will track whether the recent uptick in active
science & technology projects (page 10) will continue and translate
into future project wins.
International projects comprise 26 percent of announcements in the
first half of 2013, up somewhat from its 20 percent share in 2012.
227
3,139
2,072
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Attract Expand Retain
14
5
10 9
0
5
10
15
20
Columbus Dublin Rest ofFranklin
Rest ofRegion
44%
33%
34%
25%
35%
39%
12%
20%
16%
19%
12%
11%
2011
2012
Jan-Jun 2013
Manufacturing HQ & Business Services
Logistics Science & Technology
(BOLD = Projects announced in Q2 2013)
COMPANY DESCRIPTION CITY CTY. NO. JOBS
AGC Flat Glass North America, Inc. Glass manufacturer for auto makers Bellefontaine Logan
Bank of America Commercial lending in the health care sector Westerville Delaware
Cellco Partnership (Verizon) Information services and software Hilliard Franklin
Compass Data Centers LLC Wholesale colocation data center New Albany Franklin
Diamond Hill Capital Management Financial services Columbus Franklin
Duet Health Information services and software Columbus Franklin
Dynamit Technologies Technology services and software Columbus Franklin
Expedient Communications Information services and software Upper Arlington Franklin
Ezdure Bamboo flooring Dublin Franklin
G-TEKT North America Corporation R&D for structural body parts for motor vehicles TBD TBD
G-TEKT North America Corporation Structural body parts of motor vehicles West Jefferson Madison
HD Supply Facilities Maintenance Ltd. Supplier to commercial residential projects Groveport Franklin
HealthSpot, Inc. Health care stations Dublin Franklin
Highlights for Children, Inc. Children's educational books Columbus Franklin
Honda of America Mfg., Inc. Production of Honda Accord Sedan and Coupe and Acura TL. Marysville Union
International Engineering Group LLC Plastic injection molds Hilliard Franklin
ISS America Inc. Manufacturer of park plug cylinders Bellefontaine Logan
JPMorgan Chase Financial services Dublin Franklin
LSP Technologies, Inc. Developer of materials-processing technology for aerospace and power generation OEMs Dublin Franklin
Marne Plastics LLC Manufacturer of plastic and rubber products Columbus Franklin
MBA Focus Recruitment technology solutions Dublin Franklin
Mediu LLC Call center, consulting services provider Worthington Franklin
Molina Healthcare of Ohio, Inc. Health care providers Columbus Franklin
National Church Residences Head office of housing nonprofit organization Upper Arlington Franklin
Novotec Recycling LLC Recycled materials Columbus Franklin
Phoenix Electrotek Manufacturer of wiring harnesses and cable assemblies Lancaster Fairfield
Print Syndicate LLC E-commerce of custom design t-shirts and products Columbus Franklin
Proform Industries, Ltd. Transportation equipment manufacturer Columbus Franklin
13
Retention/Expansion
23 Attraction
4 Expansion
120
TYPE
77 Attraction
55
Attraction
22 Expansion
20
38 Expansion
50
2,000 Retention/Expansion
Expansion
26 Attraction
10 Expansion
8
Retention/Expansion
QUARTERLY ECONOMIC UPDATE | Q2 2013
NOTABLE EXPANSIONS & LOCATIONS | JAN-JUN 2013
178 Retention/Expansion
500 Expansion
188 Expansion
20 Expansion
235 Retention/Expansion
300 Expansion
18 Expansion
3 Expansion
25 Expansion
165 Retention/Expansion
4 Expansion
Expansion
Expansion
Expansion
60 Expansion
50 Expansion
27
20
(BOLD = Projects announced in Q2 2013)
COMPANY DESCRIPTION CITY CTY. NO. JOBS
Safelite Group, Inc. Headquarters, contact center, and automotive glass shops Columbus Franklin
Spectrum Commercial Coatings Full service commercial and industrial coating contractor Columbus Franklin
SpeedFC, Inc. End-to-end e-commerce services Etna Township Licking
Tarrier Foods Inc. Manufactures candy toppings Columbus Franklin
Team Gemini Renewable energy, landfill digester Grove City Franklin
The Kroger Company Kroger Pharmacy's central fulfillment site Columbus Franklin
Thomas & Marker Construction Co. Construction company Upper Arlington Franklin
Toyo System Rechargeable battery testing systems Columbus Franklin
Westerman, Inc. Oil and gas storage tanks Bremen Fairfield
Zipline Logistics LLC Logistics service provider TBD Franklin
14
QUARTERLY ECONOMIC UPDATE | Q2 2013
NOTABLE EXPANSIONS & LOCATIONS | JAN-JUN 2013
TYPE
350 Expansion
30 Expansion
492 Retention/Expansion
25 Expansion
80 Attraction
126 Retention/Expansion
12 Expansion
13 Attraction
24 Expansion
40 Expansion
