Q1 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
Q1 ECONOMIC INSIGHTS LABOR FORCE The Columbus labor force bounced back significantly in January, bringing the total close to where it should be based on the pre-COVID trend. COLUMBUS METRO AREA LABOR FORCE
1,140,000 1,090,000 1,040,000 990,000
Jan-21
Sep-20
Jan-20
May-20
Sep-19
Jan-19
May-19
Sep-18
Jan-18
May-18
Sep-17
Jan-17
May-17
Sep-16
Jan-16
May-16
Sep-15
Jan-15
May-15
Sep-14
Jan-14
May-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
890,000
May-10
940,000
JOB POSTINGS VOLUME The Columbus Region saw an increase in job postings across a wider range of occupations in March. JOB POSTINGS BY OCCUPATION BY MONTH , COLUMBUS REGION 5,000 4,500 4,000
Management IT Logistics/Tansportation Finance Manufacturing
3,500 3,000 2,500 2,000 1,500 1,000 500
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OHIO TAX RECEIPTS State tax receipt have generally held steady in starting off 2021. TAX RECEIPTS, JAN-MAR 2021 vs. JAN-MAR 2020
6.6%
Sales & Use
17.1%
Personal Income Commercial Activity Total Tax Receipts
-2.0% 9.3% 3
Q1 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.
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expansions and new locations
877
jobs committed
$627M investment
$54M
new payroll created 4
PROJECTS Working with both state and local partners, this dedicated team is focused on helping new and existing businesses grow in the Columbus Region.
The Home Depot
EASE Logistics
The world’s largest home improvement retailer announced the opening of a new 151,000-square-foot distribution facility in Grove City. Of the 71 total jobs coming to Ohio, the company is creating 24 new jobs in the Columbus Region.
An award-winning multi-operational supply chain and transportation solution announced plans to expand its headquarters in Dublin, creating 20 new jobs and investing $2 million.
Northwest Bank A full-service financial institution announced plans to relocate its holding company headquarters (Northwest Bancshares, Inc.) to Columbus, from Warren, Pennsylvania, creating over 50 new jobs.
WillowTree A top mobile app developer and digital product agency announced plans to expand its presence in Columbus, creating 50 new jobs, increasing its Columbus workforce by over 50%.
Goosehead Insurance A rapidly growing and innovative independent personal lines insurance agency with nationwide products and services announced plans to expand to Columbus, creating 100 new jobs.
Andelyn Biosciences A contract development and manufacturing organization (CDMO) and an affiliate company of Nationwide Children’s Hospital expanded their plans for a clinical and commercial scale gene therapy manufacturing facility in the OSU West Campus Innovation District, which at full build-out will create 350 jobs and include $115 million in capital investment.
Ohio Site Inventory Program RICKENBACKER PHARMACEUTICAL FACILITY
The Columbus Regional Airport Authority (CRAA) announced plans to develop a new air cargo pharmaceutical handling facility at Rickenbacker International Airport (LCK). The roughly $1.5 million project is being assisted with a $600,000 JobsOhio
grant as part of the Ohio Site Inventory Program. The grant will help support the redevelopment of existing air cargo terminal space into a temperature controlled pharmaceutical handling facility serving partner airlines, forwarders and pharma customers.
IN THE NEWS: HIGHLIGHTS FROM THE QUARTER • • • •
Wall Street Journal Midwest Labor Markets Shake Off Covid-19 Industry Week Building a Home for Manufacturing Innovation in Marysville,Ohio WWD Slow Fashion Marketplace Mive Announces Launch Yahoo Midwest Leading the Nation's Economic Recovery: RPT 5
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.
Consultant Connect 2021 Top 50 economic developers Kenny McDonald, One Columbus President and CEO, and Matt McQuade, One Columbus Managing Director of Business Development, were both named a “Top 50 Economic Developer” by Consultant Connect. The economic development professionals selected for this list were nominated by their colleagues in both the economic development industry and the site location consulting industry for excellent practices, innovation and success in building the communities they serve.
Governor’s Cup Awards Site Selection, a leading corporate real estate economic development magazine, announced that Ohio ranked No. 1 in its Governor’s Cup 2020 state economic and business attraction rankings for bringing more new corporate facility projects per capita than any other state in the nation. Ohio also ranked No. 2 among the nation for total projects overall.
Logan Dawson to OEDA board The Ohio Economic Development Association (OEDA), the state’s professional association for economic and community development practitioners, announced the appointment of One Columbus Project Manager Logan Dawson to its Board of Directors.
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RETURN ON INVESTMENT The success of One Columbus would not be possible without our partners, who helped us drive unprecedented growth throughout the Columbus Region.
$7,794,362
2021 expenses total budget
14%
23%
Prepare Communities
Market & Promote
13%
Global Trade & Investment
15%
13%
Accelerate High-Growth Business
Serve Existing Businesses
22% Attract New Business
New
investors in Q1
Alston Construction
Ives & Associates
Amazon
Marathon Health
Amazon Web Services
Orange Barrel Media
EmPower HR
Schneider Electric
ENGIE North America
Southgate Corporation
Equity
Twofold Ventures
Granger Construction
To see a full a full list of investors, visit columbusregion.com/investor-directory
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