2011 ANNUAL REPORT
_ About Columbus 2020 _ 2011 in Review _ Economic Development System _ Successes _ New Business Development Activity _ Columbus Region Economic Sectors _ Columbus Region Logistics Council _ Highlights & Accomplishments _ Statement of Cash Flow _ Statements of Financial Position _ Statement of Activities _ Board of Directors Click a Section Above to View
2011 ANNUAL REPORT
ABOUT COLUMBUS 2020: A REGIONAL STRATEGY FOR GROWTH TO MEET OUR ECONOMIC TIMES Columbus 2020 is a bold public-private partnership that leverages the strengths of The Columbus Region’s talented
About Columbus 2020 2011 in Review
workforce, small and large businesses, research and academic institutions, and international connections to ignite
Economic Development System
economic growth and build a healthier, more sustainable future for Central Ohio.
Successes
The initiative grows our economy by ensuring that our existing companies are growing and thriving, that the world´s
New Business Development Activity
leading companies are attracted to the region, that innovations are cultivated and commercialized, and that our civic
Columbus Region Economic Sectors
infrastructure is continually improving to meet the challenges of a rapidly evolving world economy. This unique public-private partnership leverages dollars raised from the private sector and places the Columbus Region in a competitive position from which it can staff a professional economic development team to market the region and provide solutions to local businesses.
Columbus Region Logistics Council Highlights & Accomplishments Statement of Cash Flow Statements of Financial Position Statement of Activities
Goals:
— Add 150,000 net new jobs by 2020
— Increase personal per capita income by 30%
— Add eight billion dollars of capital investment
— Be recognized as a national leader in economic development
Board of Directors
The Plan: Columbus 2020 is focused on four core pillars of economic development:
1. Retain and expand the companies and industries that call Central Ohio home today
2. Attract major employers to establish operations in Central Ohio
3. Create more commercial enterprises by leveraging the region’s research assets and entrepreneurs
4. Improve the civic infrastructure and political conditions that enhance the economic development environment
2011 ANNUAL REPORT
2011 IN REVIEW Columbus 2020’s leadership insisted on having a bias for action in its first year of operation. The first priority was to build a team
About Columbus 2020 2011 in Review
of professionals to lead the effort and to collaborate with the various state and local economic development groups.
Economic Development System
Secondly, it was important that a board of directors be put in place to lead the public-private partnership.
Successes
Finally, it was critical that the strategy include a sustainable funding model and engage an inclusive group of local governments and
New Business Development Activity
private-sector companies to fund the strategy. Operationally, the team’s focus was to reach out to local businesses. Along with its local economic development allies in the region’s 11 counties, more than 500 companies were interviewed face to face about their challenges and opportunities for growth. The goal of this outreach was to better understand the region’s economic base, connect companies with their peers and make them aware of state and local programming available to support them. The Columbus 2020 team set a new standard for marketing the region nationally and internationally, with more than 40 business missions to talk with developing businesses and location advisers in 25 states and six countries. The team uncovered more than 150 qualified projects, hosted nearly one new company per week to investigate the region firsthand and participated in dozens of projects that have announced expansions and new jobs in central Ohio. To help foster entrepreneurship in the region, Columbus 2020 collaborated with TechColumbus to create the First Customer initiative, which connects technology and biomedical startups with larger companies and institutions in the region. Although the program is in its early stages, more than 30 Columbus-based entrepreneurs have been engaged thus far. One success story is AKOTA Technologies, whose software tool has landed a trial engagement with a major healthcare organization as a result of the First Customer initiative. Although Columbus 2020 had a productive year in 2011, its leaders want to continue the momentum throughout 2012 and beyond. Broadly, we want the Columbus Region to be recognized as a leader in economic development. With one year down, we think we’re headed in the right direction. Kenny McDonald
Chief Economic Officer
Columbus Region Economic Sectors Columbus Region Logistics Council Highlights & Accomplishments Statement of Cash Flow Statements of Financial Position Statement of Activities Board of Directors
2011 ANNUAL REPORT
ECONOMIC DEVELOPMENT SYSTEM — REORGANIZED AND RE-ENERGIZED
CURRENT JOBSOHIO + Columbus 2020 2011-2012
- Statewide collaboration
With Columbus 2020 2010-2011
Before Columbus 2020 2009
- General Marketing - Earned Media - Prospect Management - 3 Full Time Professionals
- State project management
About Columbus 2020 2011 in Review Economic Development System Successes
- Multi-Region Collaboration
New Business Development Activity
-E xpanded to an 11-county region
Columbus Region Economic Sectors Columbus Region Logistics Council
- Outreach to location advisors
- Outreach to location advisors
- International marketing
- International marketing
- Hosting of location advisors
- Hosting of location advisors
- Regional branding/imaging
- Regional branding/imaging
- Coordination with 8 counties
- Coordination with 8 counties
Statement of Activities
- First Customer program
- First Customer program
Board of Directors
- OSU/Battelle collaboration
- OSU/Battelle collaboration
- Collaboration with Local Economic Development Organizations
-C ollaboration with Local Economic Development Organizations
- MODE Collaboration
- MODE Collaboration
- Valuable economic research
- Valuable economic research
- General Marketing - Earned Media - Prospect Management
- General Marketing - Earned Media - Prospect Management
Highlights & Accomplishments Statement of Cash Flow Statements of Financial Position
2011 ANNUAL REPORT
About Columbus 2020
SUCCESSES 2Checkout.com
CSX Transportation Inc.
Janova
Progressive Medical
Abercrombie & Fitch
DariFill, Inc.
Jeyes
Prosper Business Development
Accel
DataCenter.BZ
JPMorganChase
Rich’s Products
Access America Transport
Delta Energy
Kern, Inc.
Rimrock Corp.
Aeroflex High Speed Test Solutions
Diamond Innovations
Knowlton Development Corp.
SB Capital Group
Airgas Great Lakes Inc
DSW Inc
Kraft Foods/ Schenker
Schwarz Paper Co.
Alcatel Lucent
Duncan Simonette
Lakeshore Cryotronics, Inc.
SCR-Tech LLC
Alene Candles
Elmer’s Management
Limited Brands Inc.
Sedgwick CMS
Aleris Rolled Products Inc
Emanagement Ltd. (dba Einformatics)
ManPower Professional
Sika Corp.
Algaeventure Systems, Inc.
Equity Resources
Manta Media Inc.
Simonton Building Products, Inc.
American Howa
Exel
Meadowbrook Meat Co
Smart Bill
Anomatic
ExpressPoint Technology Services
Mediu, Inc.
Socius
Aoki
F.T. Precision
Mettler Toledo
Sonoco Plastics
Apelles, Inc.
FacilitySource
Midwest Express Inc.
St. Ann’s Hospital
Ares Sportswear Ltd
Fast Switch
Momentive Performance Materials
Stanbury Development
ArmourSource
Fine Line Graphics Corp.
Morgan Stanley Smith Barney
Staples
Armstrong World Industries
Frank Brunckhorst Company, LLC
Nationwide Children’s Hospital
Star Dynamics Corporation
Arnett & Foster PLLC
General Data Company
Nationwide Insurance
Star Wipers
Axium Plastics
GenPak LLC
Netsmart Technologies
Sterling Commerce
Bins LLC
GFS Chemicals Inc.
Nissen Chemitec
Stewart Ratcliff Aviation Services Inc.
BMW Financial Services
Green Gourmet
Nutis Press Inc.
Teleperformance
Bob Evans
Harry & David
OhioHealth
The Orchard & Company
Brickman Facility Solutions LLC
Health Spot
Optimum Plastics Inc.
Thirty-One Gifts LLC
Brickman Group
HealthCare DataWorks Inc.
Oxford Consulting Group
Tower Wireless
Cardington Yutaka Technologies, Inc.
Honda
Pacer International Inc.
TransMap Corp
Carmel Pharma
Honda R&D Americas
PACS
Turner Construction
Carr Supply Inc.
Infomotion Sports Technologies
Pactiv
Union Supply Co./Food Express
Catalina Tempering
Insight Bank
PercuVision LLC
United Retirement Plan Consultants
Celartia, Ltd.
Insight Global
Pet People
Updox
Central Ohio Urology Group
Inventiv Communications/ GSW
PharmaForce
Vee Pak of Ohio
Citi Fund Services Ohio, Inc.
Iosil Energy Corporation
Polymera, Inc.
We Create Goodness LLC
Columbia Gas
J&K Futures, LLC dba Primrose of Gahanna
Portfolio Creative
Wendy’s
Cover My Meds LLC
J.E.S Wholesale
Premium Beverage
Znode, Inc.
Progressive Insurance
Zulily
Continued >
2011 in Review Economic Development System Successes New Business Development Activity Columbus Region Economic Sectors Columbus Region Logistics Council Highlights & Accomplishments Statement of Cash Flow Statements of Financial Position Statement of Activities Board of Directors
2011 ANNUAL REPORT
About Columbus 2020
SUCCESSES
2011 in Review Economic Development System Successes
ExpressPoint is an industry-leading depot repair and supply chain service company that will open a logistics and
New Business Development Activity
repair facility in Grove City. The company received a five-year incentive agreement from Grove City and in the first year
Columbus Region Economic Sectors
would get a 50 percent rebate, receiving an estimated $10,000 in employee income taxes. ExpressPoint plans to lease a 78,000-square-foot facility, bringing 30 new jobs to the city with an average wage of $17.50 per hour. Headquartered in Minneapolis, ExpressPoint decided to move to the Columbus region after a logistics study showed that central Ohio
Columbus Region Logistics Council Highlights & Accomplishments
would be a better location to serve its customers. The company is expected to start the move to Grove City in October
Statement of Cash Flow
and be fully operational in February.
Statements of Financial Position Statement of Activities Board of Directors
zulily is an online store offering daily sales events on products for mothers, young children and babies. The company will be opening a fulfillment center in the Columbus Region and has signed a lease for 600,000 square feet in the Village of Obetz. The project will create 580 jobs within a three-year period with a total payroll of over $14 million. The Columbus Region was in competition with Northern Kentucky and Eastern Pennsylvania for the project. zulily is headquartered in Seattle and manages a Western U.S. fulfillment center in Reno, NV. Continued >
2011 ANNUAL REPORT
About Columbus 2020 2011 in Review Economic Development System
Aoki Manufacturing, a Japanese-owned manufacturer of automobile parts, purchased a 55,000-square-foot building on the west side of Columbus. It’s their first plant location outside of Japan. A Tier II supplier to Honda, the company specializes in brakes, pistons and other precision parts.
Successes New Business Development Activity Columbus Region Economic Sectors Columbus Region Logistics Council Highlights & Accomplishments
Anomatic is a consumer-products packaging company that supplies Limited Brands’ Bath & Body Works. The company received a 50 percent, seven-year tax credit from the state and additional incentives from the city of New Albany. The
Statement of Cash Flow Statements of Financial Position
company, which plans to build a 65,000-square-foot plant in New Albany, says that site will generate $4.8 million in
Statement of Activities
payroll over the next few years, with jobs paying an average wage of $12.50 per hour. The New Albany site was chosen
Board of Directors
over other locations under consideration in Kentucky and Mexico. Founded in Chicago in the early 1960s, Anomatic has reached capacity at its operation in Newark, where it employs about 650 people in headquarters and manufacturing functions.
2011 ANNUAL REPORT
About Columbus 2020
NEW BUSINESS DEVELOPMENT ACTIVITY
2011 in Review Economic Development System
2011 Economic Development Missions, Visits and Conferences In 2011, the Columbus 2020 team traveled across the U.S. and the globe, visiting 30 U.S. cities in 25 states and 6 foreign countries.
Portland
Columbus Region Economic Sectors
Highlights & Accomplishments
Minneapolis Detroit
Park City
Omaha
Salt Lake City Denver Las Vegas Pasadena L.A.
New Business Development Activity
Columbus Region Logistics Council
Seattle
Northern California
Successes
Philadelphia NYC Cleveland Pittsburgh Indianapolis Washington, DC Chicago
St. Louis
Palm Springs Albuquerque San Diego
Connecticut
Charlotte Greenville Atlanta
Dallas Austin
New Orleans
In 2011, the cumulative number of “attract” projects handled by Columbus 2020 rose above the target goal in March and remained so afterward. There were 154 projects initiated during the year, 23% above the target number of 125. There were 51 first-time visits in 2011, 15% below the target number of 60.
Statement of Cash Flow Statements of Financial Position Statement of Activities Board of Directors
2011 ANNUAL REPORT
About Columbus 2020
COLUMBUS REGION ECONOMIC SECTORS
2011 in Review
Manufacturing There are nearly 1,800 manufacturers in the Columbus Region, and manufacturing contributed
Economic Development System
$9.1 billion to regional economic output. Manufacturers in the region experienced 43% increase
Successes
in productivity (output per worker) from 2001 to 2010.
Columbus Region Economic Sectors
Logistics Forty seven percent of Americans and 33% of the Canadian population are accessible within a 1
Columbus Region Logistics Council
day truck drive of the Columbus Region. The region also boats a world-class multi-modal infrastructure
Highlights & Accomplishments
including two national and one regional rail carrier, cargo dedicated airport, a highly rated highway network, and four intermodal facilities handling 800,000 containers lifts annually, with land and
New Business Development Activity
capacity to grow.
Statement of Cash Flow Statements of Financial Position Statement of Activities
Science & Technology
Board of Directors
The Columbus Region is home to the world’s leading private research institution, Battelle Memorial Institute, and Forbes Magazine ranked Columbus the third best city for tech jobs. The region also boasts 54 college and university campuses, and The Ohio State University’s research expenditures alone totaled nearly $830 million. Continued >
2011 ANNUAL REPORT
Headquarters and Business Services
About Columbus 2020
Financial and business services account for nearly $39 billion in annual economic output in the
2011 in Review
Columbus Region, where fifteen Fortune 1000 and 6 Fortune 500 companies are headquartered.
Economic Development System Successes
Agribusiness
New Business Development Activity
Agribusiness accounts for $17.7 billion in economic output, or 11% of the regional economy.
Columbus Region Economic Sectors
The Columbus Region has seen dramatic growth in agricultural and food science technicians
Columbus Region Logistics Council
and scientists, and 51,530 people are employed in the agribusiness sector. International Business
Highlights & Accomplishments Statement of Cash Flow
Over 644 internationally-owned business establishments call the Columbus Region home.
Statements of Financial Position
Japan, the United Kingdom and Canada are the largest foreign investors in the region.
Statement of Activities Board of Directors
2011 ANNUAL REPORT
About Columbus 2020 2011 in Review Economic Development System Successes New Business Development Activity Columbus Region Economic Sectors
The Columbus Region Logistics Council (CRLC) serves as the catalyst for the growth of the Region’s logistics capability. The CRLC leads the implementation of a strategic roadmap that focuses on the following:
Columbus Region Logistics Council Highlights & Accomplishments
1. Fostering a logistics-friendly business environment
2. Continuing to develop advanced logistics infrastructure
Statement of Cash Flow
3. Infusing world-class logistics technology into the Region
Statements of Financial Position
4. Building a high-skill workforce
Statement of Activities Board of Directors
Columbus 2020 continues to work with the CRLC and great partners like the Columbus Regional Airport Authority to retain and attract world-class logistics providers. In 2011, Columbus 2020 commissioned a detailed analysis of the region’s logistics competitiveness, which highlighted the great strengths and evolving challenges in continuing to glow the cluster. Curtis Spencer, President of IMS Worldwide, who conducted the study said, “our findings indicate that the Columbus Region is indeed still in the top tier of sites selected for efficient and predictable distribution of goods.”
CRLC LinkedIn:
2011 ANNUAL REPORT
About Columbus 2020
2011 HIGHLIGHTS & ACCOMPLISHMENTS
2011 in Review
Organizational Development
Economic Development System
• Established an 11-person Board of Directors
Successes
• Hired talented people to execute the strategy
New Business Development Activity
• Helped create the JobsOhio Network
Columbus Region Economic Sectors
• Raised over $30 million from public/private investors to execute the strategy for the next 5 years
Columbus Region Logistics Council
Business Development
Highlights & Accomplishments
• Generated more than 150 qualified projects
Statement of Cash Flow
• Conducted more than 40 business development missions across North America
Statements of Financial Position
• Hosted 50 new companies considering our market
Statement of Activities Board of Directors
Marketing / Media Relations • Created the ColumbusRegion.com website to market the entire 11-county region • Created videos, testimonials and print advertisements • Conducted worldwide media relations and hosted journalists on a regular basis Continued >
2011 ANNUAL REPORT
Existing Business Services
About Columbus 2020
• Provided research to prioritize company outreach by local economic development organizations
2011 in Review
• Called on more than 500 existing companies to gather information about their needs/wants
Economic Development System
• Began to act as the regional liaison through the JobsOhio Network to assist businesses
Successes
• Provided software and training to manage a common database
New Business Development Activity Columbus Region Economic Sectors
Accelerating Entrepreneurship • Assisted in the creation of a “first-customer” program to accelerate growth • Worked closely with TechColumbus and other area support organizations to align with JobsOhio • Collaborated with The Ohio State University, Battelle and other allies
Columbus Region Logistics Council Highlights & Accomplishments Statement of Cash Flow Statements of Financial Position
Improving our Civic Infrastructure
Statement of Activities
• Conducted three quarterly economic development forums
Board of Directors
• Held a half-day regional dialogue with 300+ attendees • Assembled the building blocks of a public/private partnership along with:
– 25 public/non-profit organizations
– 200 private sector investors
2011 ANNUAL REPORT
STATEMENT OF CASH FLOW
About Columbus 2020
For the Period Ended December 31, 2011
2011 in Review
Unaudited
Economic Development System Successes
Cash Flows from Operating Activities:
Change in Net Assets
Adjustments to reconcile change in net assets to net cash provided by operating activities:
Depreciation and Amortization
Changes in Certain Assets and Liabilities:
$ 978,169
Columbus Region Economic Sectors
58,899
(Increase) decrease in Assets:
Statement of Cash Flow
Pledge Receivable
45,750
Prepaids and Other Current Assets
(13,507)
Increase (decrease) in Liabilities:
Accounts Payable
(186,542)
Accrued Expenses
349,025
Total Adjustments 253,625
Net Cash Provided by Operating Activities
$ 1,231,794
Cash Flow from Investing Activities:
Purchases of Property and Equipment
(465,155)
Net Cash Provided by Operating Activities $ (465,155)
Cash Flow from Financing Activities:
Note Payable
Columbus Region Logistics Council Highlights & Accomplishments
New Business Development Activity
434,177
Net Cash Provided by Financing Activities
$ 434,177
Net Increase in Cash and Cash Equivalents
$ 1,200,815
Cash & Equivalents at Beginning of Year
Cash & Equivalents at End of Year
$ 469,392 $ 1,683,692
Statements of Financial Position Statement of Activities Board of Directors
2011 ANNUAL REPORT
STATEMENTS OF FINANCIAL POSITION
About Columbus 2020
As of December 31, 2011
2011 in Review
Unaudited
Economic Development System Successes
Assets
Current Liabilities:
Accounts Payable
$ 85,298
$ 1,683,692
Accrued Expenses
453,528
Due to Other Organizations Notes Payable (ST)
Current Assets: Cash and Cash Equivalents
Accounts Receivable, net
400,000
Grants Receivable
250,000
Prepaid and Other Current Assets
38,507
Total Current Assets
2,372,199
Total Current Liabilities Notes Payable (LT)
Total Liabilities
61,477 600,303 372,700 $ 973,003
Property and Equipment:
Furniture, Fixtures and Equipment
Leasehold Improvements
–
Total Property & Equipment Less: Accumulated Depreciation
Total Assets
Net Property and Equipment
$ 203,347 360,446 563,793 (59,115) 504,678 $ 2,876,877
New Business Development Activity Columbus Region Economic Sectors Columbus Region Logistics Council Highlights & Accomplishments Statement of Cash Flow Statements of Financial Position Statement of Activities
Net Assets:
Board of Directors
Unrestricted
Temporarily Restricted Total Net Assets
Total Liabilities and Net Assets
$ 1,462,874 441,000 1,903,874 $ 2,876,877
2011 ANNUAL REPORT
STATEMENT OF ACTIVITIES
About Columbus 2020
For the Period Ended December 31, 2011
2011 in Review
Unaudited
Economic Development System Successes
Public Support and Revenues Private Sector Contributions Public Sector Contributions
$ 3,577,733 1,308,855
Grants 514,794 In Kind Contributions
14,923
New Business Development Activity Columbus Region Economic Sectors Columbus Region Logistics Council
Miscellaneous 47,197
Highlights & Accomplishments
Total Revenues
Statement of Cash Flow
$ 5,463,502
Statements of Financial Position
Expenses Personnel Costs Occupancy & Related
$ 1,796,101 247,226
Program Costs
2,442,006
Total Expenses
$ 4,485,333
Change in Net Assets Net Assets at Beginning of Year Net Assets at End of Year
$ 978,169 925,705 $ 1,903,874
Statement of Activities Board of Directors
2011 ANNUAL REPORT
BOARD OF DIRECTORS
Additional Columbus Region Board Members include:
About Columbus 2020 2011 in Review
Chairman Alex Fischer President and CEO The Columbus Partnership
Treasurer Jack Partridge President, Columbia Gas of Ohio
Secretary Eric Phillips CEO, Union County Chamber of Commerce
President Kenny McDonald, CEcD* Chief Economic Officer Columbus 2020
Laing Akers* Senior Attorney Squire Sanders
Michael Goldbeck* CFO Columbus Chamber
Economic Development System Successes New Business Development Activity
David Blom President and CEO OhioHealth
Michael Keller Executive Vice President and CIO Nationwide
Columbus Region Economic Sectors Columbus Region Logistics Council Highlights & Accomplishments
Marilyn Brown Franklin County Board of Commissioners
Gregory R. Overmyer CEO, Overmyer & Associates
Statement of Cash Flow Statements of Financial Position Statement of Activities Board of Directors
Michael Coleman Mayor, City of Columbus
Dr. Mark Smith President Ohio Christian University
Charles Dutch Center Director Boeing Corporation
David Williams, Ph.D, Sc.D. Dean & Presidential Professor College of Engineering The Ohio State University
John C. Fisher Executive Vice President Ohio Farm Bureau
*denotes Ex-Officio