Q2 2021
QUARTERLY REPORT
VISION
To be the most prosperous region in the United States. Prosperity defined: The process by which more and more people in a region improve their economic and social well-being.
MISSION
The One Columbus mission is to lead a comprehensive regional growth strategy that develops and attracts the world’s most competitive companies, grows a highly adaptive workforce, prepares our communities for the future, and inspires corporate, academic and public innovation throughout the 11-county Columbus Region.
CORE OBJECTIVES Serve Existing Businesses
Attract New Businesses
Create the most competitive economic base in the United States.
Create the most diverse employment and tax base in the United States.
Support Entrepreneurship and Accelerate High-Growth Firms
Prepare Our Communities for the future
Create a seamless continuum of services for venture-backed startups and high-growth firms to scale within the Columbus Region.
Become the most prepared area in the United States for growth and investment.
Increase Global Trade and Investment
Market And Promote The Columbus Region Globally
Create the most competitive economic base in the United States.
Become known as the most prosperous economy in the United States.
VALUES Ambition
Collaboration
The drive to reach new heights and never sit still.
Harnessing the power of hearts and minds united by a shared vision.
Fellowship
Inclusivity
The unique type of togetherness that powers progress.
The recognition that leaders and change agents spring from everywhere.
Common Good A commitment to service that elevates all. 2
1
Q2 ECONOMIC INSIGHTS
Serve
1
existing businesses 76% of Columbus Region critical public companies S eofexpected rColumbus ve are to invest more 2021 than in 2020. 76% Region critical publicin companies are expected to 57% invest more in e x iexpected sthan t i ning2020. b to us i n are e s expected smore e s than ahead 57% to invest more than in 2019. are invest in 2019.
EXAMPLES OF COMPANIE CRITICAL PUBLIC COMPANY MEDIAN ($ MILLION) BY YEAR 76% of Columbus Region critical publicCAPEX companies are expected to invest more in the year CRITICAL PUBLIC COMPANY MEDIAN CAPEX ($ MILLION) BY YEAR GREATER CAPEX IN 2020 TH (FY0 generally up with 2020, FY+1 is sell-side analyst estimate) ahead than in lines 2020. 57% are expected to2020, invest more than in 2019. (FY0 generally lines up with FY+1 is sell-side analyst estimate) 500 CRITICAL PUBLIC COMPANY MEDIAN CAPEX ($ MILLION) BY YEAR (FY0 generally lines up with 2020, FY+1 is sell-side analyst estimate)
450 500
EXAMPLES COMPANIES Examples ofOF companies withWITH greater GREATER CAPEX IN 2020 THAN IN 2019 capex in 2020 than in 2019
EXAMPLES OF COMPANIE GREATER CAPEX IN YEAR Examples ofOF companies withWITH greater EXAMPLES COMPANIES THAN IN RECENT HIST GREATER CAPEX IN than YEAR capex in year ahead inAHEAD
450 400 400
350
THAN IN RECENT HISTORY recent history
350
300
300
250 250 200 200
FY-3
FY-3
4
FY-2
FY-2
FY-1
FY-1FY0
FY+1 FY0
FY+1
1
Source: Sentieo data analyzed May 25, 2021. Source: Sentieo data analyzed May 25, 2021. Source: Sentieo data analyzed May 25, 2021.
P r e p a r eis seeing record levels of industrial real Columbus cestate o m mdevelopment. unities for the future
Columbus is seeing record levels of industrial real estate development
SQUARE FEET OF INDUSTRIAL SPACE UNDER CONSTRUCTION AND COMPLETED
IN COLUMBUS MARKET SQUARE FEET OF INDUSTRIAL SPACE UNDER CONSTRUCTION AND COMPLETED IN COLUMBUS MARKET 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 2010
Source: Jones Lang LaSalle. Source: Jones Lang LaSalle.
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2 3
B i o m e d i c a l & h e a l t h Q2 ECONOMIC INSIGHTS services HEALTHTECH CONTINUES TO DOMINATE LOCAL VC FUNDING.
Healthtech continues to dominate local VC funding.
VC FUNDS ($ MILLION) RAISED BY REGION STARTUPS, 2016-Q2 2021 VC FUNDS ($ MILLION) RAISED BYCOLUMBUS COLUMBUS REGION STARTUPS, 2016-Q2 2021 800
Materials and Resources
700
Information Technology
600 500
Healthcare
400
Financial Services
300
Energy
200
Consumer Products and Services (B2C)
100 0
2016
2017
2018
2019
2020
2021
Business Products and Services (B2B)
Source: PitchBook data analyzed July 8, 2021. Source: PitchBook data analyzed July 8, 2021.
Recent Projects One Columbus focus •S upport environment for startups, innovation and commercialization • Talent services support
4
Rece
One
q S s c
q T
Q1-Q2 2021 RESULTS It's been an encouraging start to the next phase of our economic and social recovery as a region. Our focus remians to become the most prosperous region in the United States. To bring us closer to
our goal, we’re working on infrastructure, creating business and job opportunities, and helping prepare our communities for success in today’s ever-evolving economy.
32
expansions and new locations
3,202
jobs committed
$1.22B investment
$205M
new payroll created 5
PROJECTS Working with both state and local partners, this dedicated team is focused on helping new and existing businesses grow in the Columbus Region.
Amgen:
Palmer-Donavin:
Amgen (NASDAQ:AMGN), one of the world’s leading biotechnology companies, plans to invest $365 million to build a new manufacturing facility in New Albany, creating 400 new jobs upon opening. The facility will feature Amgen’s most advanced assembly and final product packaging capabilities for medicines to be distributed in the U.S.
Palmer-Donavin, a Columbus-based leader in building material distribution and door fabrication, announced plans to expand its manufacturing operations in Union Township, investing $800,000 and creating 20 new jobs.
Path Robotics:
Chiyoda Integre Co., Ltd., a Tokyo-based global parts supplier for industries ranging from automotive to telecommunications, plans to establish its first U.S. manufacturing facility in Lancaster, investing $1 million and creating 15 new jobs over the next three years.
Path Robotics, a Columbus-based artificial intelligence (AI) robotics company producing the world's first truly autonomous robotic manufacturing system, plans to expand its headquarters in Columbus, creating 140 new jobs.
Bold Penguin: Bold Penguin, a Columbus-based high-growth insurtech company changing the way small businesses obtain insurance, is expanding its workforce, creating 162 new jobs, which more than doubles the company’s workforce to 240 full time employees.
Midwest Molding:
Chiyoda-Integre:
Transcendia: Transcendia, a leader in manufacturing and converting specialty films, is planning a substantial investment to expand its Union Township manufacturing facility that will create 36 new jobs in the local community.
Nuvik: Nuvik USA, Inc., the manufacturer of Crocodile Cloth® industrial-strength disposable cleaning cloths, plans to expand operations at its Gahanna facility, creating 43 new jobs and investing $1.2 million.
Midwest Molding, Inc., an ISO 9001 certified plastic injection molding company, announced plans to expand its presence in Jerome Township, Union County, creating 55 new jobs.
IN THE NEWS: HIGHLIGHTS FROM THE QUARTER •F ierce Pharma Amgen pumps $365M into new Ohio ‘smart facility,’ where 400 staffers will be aided by robots, AI and more • Motley Fool Columbus Spotlight: An Interview with Brett Kaufman of Kaufman Development • fDi Diaries “Every industry we have is transforming right under our feet” • Forbes Demand For Life Science Real Estate Shows No Sign Of Slowing 6
AWARDS & RECOGNITION STATE AND REGIONAL SUCCESSES Our goal is to become the most prosperous region in the country. And these recent successes prove everything’s going according to plan.
Mac Conway Award One Columbus was named a recipient of the 2021 Mac Conway Award for Excellence in Economic Development for the fourth consecutive year. The annual award recognizes the top 20 economic development groups in the nation and is granted by Site Selection Magazine, the leading publication in corporate real estate, facility planning, location analysis and foreign direct investment.
Best States for Business Ohio rose two spots to become the No. 7 best state for business according to a survey of 383 CEOs conducted by Chief Executive.
RETURN TO THE OFFICE
PARTNER GIFT BOX
The One Columbus team, along with the
One Columbus
Columbus Partnership and Smart Columbus,
partnered
were happy to return to their offices downtown.
with investor ScottsMiracle-Gro to send a branded gift box to 100 key partners, prospects and clients, including products from Scotts and their family of brands. 7
RETURN ON INVESTMENT The success of One Columbus would not be possible without our partners, who help us drive unprecedented growth throughout the Columbus Region.
A balanced and aggressive strategy for growth 13%
14%
Prepare Communities
23%
Market & Promote
Global Trade & Investment
15%
13%
Accelerate High-Growth Business
Serve Existing Businesses
22% Attract New Business
New
investors in Q2
Continental Building Company Danbert, Inc. Enterprise Advisory Group Everstream New River Electric Corporation Palantir Technologies Pepper Construction TRC
To see a full a full list of investors, visit columbusregion.com/investor-directory