2011 Annual Report

2011 ANNUAL REPORT _ About Columbus 2020 _ 2011 in Review _ Economic Development System _ Successes _ New Business Deve...

0 downloads 146 Views 4MB Size
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