North Carolina Vision 2030 Spreading Economic Opportunity Across the State
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1 North Carolina Vision 2030 Spreading Economic Opportunity Across the State
2 4.0% Southern States 1-Year Employment Change Feb 2015 to Feb % 2.0% 1.0% 1.9% 1.1% 2.3% 3.0% 2.7% 1.5% 2.1% 1.4% 1.5% 0.7% 3.1% 2.5% 2.1% 1.4% 0.0% -1.0% -0.9% -0.4% -2.0% -1.5% USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: U.S. BLS, March 2016
3 Globalization Urbanization Automation Consolidations
4 County Job Changes rd Quarter 2015 Job Change 21 NC Change +2.8% Growth more than 2.8% Growth, but below 2.8% Fewer jobs today than in 2008
5 North Carolina Metro Employment Growth January January % 4% 3% 2% 2.3% 2.8% 2.8% 1.8% 2.9% 2.0% 4.2% 1.7% 1.6% 1% 0% 0.3% 0.7% 0.4% 0.2% -1% -2% -0.4% -1.0% Source: BLS, February 2016
6 CHANGE IN AVERAGE NUMBER OF JOBS September 2014 to September 2015 North Carolina state average 2.6% Graham Cherokee Clay Ashe Alleghany Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Avery Yadkin Forsyth Guilford Franklin Alex- Bertie Yancey Caldwell Davie Nash Madison ander Edgecombe Iredell Davidson Burke Randolph Martin Wash- Wake ington Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Swain Beaufort Rutherford Lincoln Johnston Henderson Cabarrus Lee Greene Jackson Polk Mont- Harnett Wayne Tran- Gaston Stanly gomery Moore Macon sylvania Cleveland Lenoir Craven Pamlico Growth above state average of 2.6% Growing below state average of 2.6% Losing Jobs Union Anson Rich- Hoke mond Scotland Robeson Bladen Columbus Sampson Brunswick Duplin Pender New Hanover Jones Onslow Carteret Tyrrell Hyde Dare Source: NC Department of Commerce
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8 North Carolina Change in Population 2010 to 2015 North Carolina Average 5.3% Graham Cherokee Clay Swain Macon Burke Buncombe McDowell Haywood Jackson Madison Transylvania Yancey Henderson Polk Avery Rutherford Watauga Ashe Alleghany Caldwell Wilkes Alexander Catawba Lincoln Cleveland Gaston Iredell Surry Yadkin Davie Rowan Cabarrus Stokes Forsyth Rockingham Caswell Person Guilford Davidson Randolph Stanly Montgomery Moore Chatham Lee Harnett Wake Franklin Johnston Warren Halifax Northampton Nash Edgecombe Wilson Greene Wayne Lenoir Pitt Hertford Bertie Martin Craven Gates Beaufort Washington Pamlico Tyrrell Hyde Dare Union Anson Rich- Hoke mond Scotland Robeson Bladen Sampson Duplin Jones Onslow Carteret Pender Columbus Brunswick New Hanover 10.6% and over increase 5.3% to 10.5% increase 0.1% to 5.2% increase population decrease Source: US Census
9 Population Growth Will Be Uneven Across North Carolina Projected population growth, Data Source: NC OSBM
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11 What Can Be Done to Extend Prosperity to More Places? Research/Report Review Data Analysis State Listening Tour
12 2000 Rural Prosperity Task Force Report Rural North Carolina is facing significant- and irreversible- long term challenges. The impacts of globalization on textiles, apparel, and agriculture, weakened the economic fabric of many rural communities. One size doesn t -and shouldn t fit all. Rural communities have different strengths and weaknesses and indeed different economies. Education-at every stage of life- is the key to success of rural North Carolina. The skills needed to remain competitive are rapidly changing and all our institutions need to be committed to helping our citizens prepare. Taking a regional approach to economic development is hard. And it works. Rural North Carolina matters- to our entire state.
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14 Top Factors for Companies Considering New Investment 1) Availability of skilled labor 2) Highway accessibility 3) Quality of Life 4) Occupancy or construction costs 5) Availability buildings 6) Labor costs 7) Corporate tax rate 8) Proximity to major markets 9) State & Local Incentives 10) Energy availability and costs 11) Tax exemptions 12) Expedited or fast track permitting Corporate CEOs Source: Area Development 30 th Annual Survey of Corporate Executives, March 2016
15 The Established Policies include: Education and workforce training Infrastructure, including telecommunications Targeted business recruitment and retention Value-added agriculture and increased agriculture exports Supporting industry clusters Promoting regional thinking and planning Social supports, such as health care, child care, and housing
16 The Emerging Policies include: Promoting innovation, technology, and clusters of knowledge Support for small business entrepreneurship and self-employment (including access to capital) Better linkages with urban centers and the global economy Focus on quality of life & placemaking Recruiting people the creative class, immigrants, retirees Development of new leadership and rural community capacity to act
17 Concentration of County Jobs in Finance and Insurance Graham Cherokee Clay Alleghany Ashe ` Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Avery Yadkin Forsyth Guilford Franklin Alex- Bertie Yancey Caldwell ander Davie Nash Madison Edgecombe Iredell Davidson Burke Randolph Martin Wash- Wake ington Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Swain Beaufort Rutherford Lincoln Johnston Henderson Cabarrus Lee Greene Jackson Mont- Harnett Wayne Tran- Polk Gaston Stanly gomery Moore Macon sylvania Cleveland Lenoir Craven Pamlico Union Anson Rich- Hoke mond Scotland Robeson Bladen Sampson Duplin Jones Onslow Carteret Tyrrell Hyde ` Dare Pender over 150% of state concentration between 100% and 149% of state concentration between 50% and 99% of state concentration under 50% of state concentration Columbus Brunswick New Hanover Finance and Insurance represents 3.60% of North Carolina jobs Source: NC Dept of Commerce 2 nd quarter 2015
18 Concentration of County Jobs in Professional, Scientific and Technical Services Graham Cherokee Clay Alleghany Ashe ` Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Avery Yadkin Forsyth Guilford Franklin Alex- Bertie Yancey Caldwell ander Davie Nash Madison Edgecombe Iredell Davidson Wash- Burke Randolph Martin Wake ington Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Swain Beaufort Rutherford Lincoln Johnston Henderson Cabarrus Lee Greene Jackson Mont- Harnett Wayne Tran- Polk Gaston Stanly gomery Moore Macon sylvania Cleveland Lenoir Craven Pamlico Union Anson Rich- Hoke mond Scotland Robeson Bladen Sampson Duplin Jones Onslow Carteret Tyrrell Hyde ` Dare Pender over 150% of state concentration between 100% and 149% of state concentration between 50% and 99% of state concentration under 50% of state concentration Columbus Brunswick New Hanover Professional, Scientific and Technical Services represents 4.93% of North Carolina jobs Source: NC Dept of Commerce 2 nd quarter 2015
19 Concentration of County Jobs in Agriculture, Forestry, Fishing Graham Cherokee Clay Ashe Alleghany Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Avery Yadkin Forsyth Guilford Franklin Alex- Bertie Yancey Caldwell ander Davie Nash Madison Edgecombe Iredell Davidson Burke Randolph Martin Wash- Wake ington Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Swain Beaufort Rutherford Lincoln Johnston Henderson Cabarrus Lee Greene Jackson Mont- Harnett Wayne Tran- Polk Gaston Stanly gomery Moore Macon sylvania Cleveland Lenoir Craven Pamlico Union over 150% of state concentration between 100% and 149% of state concentration between 50% and 99% of state concentration under 50% of state concentration Anson Rich- Hoke mond Scotland Robeson Bladen Columbus Sampson Brunswick Duplin Pender New Hanover Jones Onslow Carteret Tyrrell Hyde Dare Agriculture, Forestry and Fishing represents.73% of North Carolina jobs Source: NC Dept of Commerce 2 nd quarter 2015
20 Concentration of County Jobs in Accommodation and Food Service Graham Cherokee Clay Ashe Alleghany Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Avery Yadkin Forsyth Guilford Franklin Alex- Bertie Yancey Caldwell ander Davie Nash Madison Edgecombe Iredell Davidson Burke Randolph Martin Wash- Wake ington Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Swain Beaufort Rutherford Lincoln Johnston Henderson Cabarrus Lee Greene Jackson Mont- Harnett Wayne Tran- Polk Gaston Stanly gomery Moore Macon sylvania Cleveland Lenoir Craven Pamlico over 150% of state concentration Union between 100% and 149% of state concentration between 50% and 99% of state concentration under 50% of state concentration Anson Rich- Hoke mond Scotland Robeson Bladen Columbus Sampson Brunswick Duplin Pender New Hanover Jones Onslow Carteret Tyrrell Hyde Dare Accommodation and Food Service represents 9.83% of North Carolina jobs Source: NC Dept of Commerce 2 nd quarter 2015
21 Concentration of County Jobs in Manufacturing Graham Cherokee Clay Alleghany Ashe Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Avery Yadkin Forsyth Guilford Franklin Alex- Bertie Yancey Caldwell ander Davie Nash Madison Edgecombe Iredell Davidson Burke Randolph Martin Wash- Wake ington Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Swain Beaufort Rutherford Henderson Lincoln Johnston Cabarrus Lee Greene Jackson Mont- Harnett Wayne Tran- Polk Gaston Stanly gomery Moore Macon sylvania Cleveland Lenoir Craven Pamlico Union Anson Rich- Hoke mond Scotland Robeson Bladen Sampson Duplin Jones Onslow Carteret Tyrrell Hyde ` Dare Pender over 150% of state concentration between 100% and 149% of state concentration between 50% and 99% of state concentration under 50% of state concentration Columbus Brunswick New Hanover Manufacturing represents 11.21% of North Carolina jobs Source: NC Dept of Commerce 2 nd quarter 2015
22 Private-Public Strategies to Spread Economic Opportunity Across NC The North Carolina Opportunity Package Building more competitive communities Help communities help themselves Public-Private collaboration Scale proven best practices Regionalism The importance of local leadership Strategy and action Improve work force readiness, infrastructure and the business climate.
23 Certified Work Ready Communities Apprenticeships STEM Guidance Counselors Rural Incentives Agriculture Value Chain Targeted Marketing Tax Repeal Permitting Speed Atlantic Coast Pipeline Broadband Product Fund Tourism/Entrepreneur Fund Healthcare Professionals Business Support Best Practices Rural Plan/Act Support Leadership Training
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