Economic Development Partnership North Carolina edpnc.com
CHALLENGING FACTS | STRUCTURAL PROBLEM OPERATED UNABLE RIGID and REACTIVE to move at the IN SILOS bureaucratic not with limited SPEED OF PROCESS proactive communication BUSINESS & CULTURE & collaboration edpnc.com cleandesign.com
EDPNC | WHAT? MARKETING AND SALES ORGANIZATION NC as a location for NC as a destination NC as a place NC-made exports corporate expansions for tourism, convention, to start a new and relocations amateur sports, and business film-making edpnc.com cleandesign.com
EDPNC | HOW? Structure ORGANIZED ACROSS 3 PRIMARY BUSINESS UNITS BUSINESS BUSINESS TOURISM RECRUITMENT SERVICES Business development and International trade, project management small business support (BLNC), regional industry managers edpnc.com cleandesign.com
EDPNC | HOW? Geography Headquarters in Cary, NC Regional offices in all 8 Prosperity Zones International offices in Canada, Mexico, China (Shanghai/Hong Kong), Japan and Europe (UK/Germany) added 2015 South Korea edpnc.com cleandesign.com
TARGETED APPROACH PRODUCT INNOVATION BUSINESS QUALITY OF PEOPLE EDUCATION INFRASTRUCTURE CLIMATE LIFE • Largest manufacturing • #3 Best State for Business • World Class Research 2014, Forbes Magazine workforce in the Universities: Duke Southeast University, UNC-Chapel • #3 Lowest State & Local Hill, UNC-Charlotte, Tax Burden on Business • Home to 100,000+ N.C. State University 2014, Council on State active duty military personnel • Every North Carolinian Taxation and Ernst & Young within 30-minute drive of a community college • AAA Bond Ratings, Moody’s, Standard & Poor’s, Fitch • Lowest unionization rate in the country at 1.9%, U.S. Bureau of Labor Statistics edpnc.com cleandesign.com
TARGETED APPROACH PRODUCT FOOD AUTOMOTIVE, BUSINESS & FURNITURE DISTRIBUTION, DATA PROCESSING & TRUCK & HEAVY FINANCIAL TRANSPORTATION & CENTERS MANUFACTURING EQUIPMENT SERVICES LOGISTICS AUDIENCE LIFESCIENCES, ENERGY INFORMATION & PLASTICS & AEROSPACE, TEXTILES BIOTECHNOLOGY & COMMUNICATIONS CHEMICALS AVIATION & PHARMACEUTICALS TECHNOLOGY DEFENSE • Site selection consultants & third party advisors • Domestic & international companies • Existing North Carolina companies edpnc.com cleandesign.com
TARGETED APPROACH PRODUCT AUDIENCE INNOVATION COMPANY BASE MILITARY PEER COMPANIES EMPLOYMENT BRAND Birthplace of powered flight 180 aircraft companies Home to 10 military Features 2 of the Top 10 Aircraft and engine part and home to 2 of the top 10 engaged in manufacturing installations with 100,000 emerging aircraft cluster manufacturing has emerging aerospace cluster in North Carolina active duty military increased by 68% in markets in the South markets in the South North Carolina personnel edpnc.com cleandesign.com
TARGETED APPROACH PRODUCT AUDIENCE BRAND INNOVATION COMPANY BASE MILITARY PEER COMPANIES EMPLOYMENT CONNECTION PUBLIC/LOCAL PRIVATE PUBLIC/STATE • People & relationships • Tools & Automation GO TO MARKET STRATEGY edpnc.com cleandesign.com INTEGRATED SALES
North Carolina ranked the most competitive state by Site Selection Magazine 11
Economic Outlook 2011 2012 2013 2014 2015 Change North Carolina 26 23 22 6 4 +22 Georgia 11 10 8 9 7 +4 Texas 18 16 12 13 11 +7 Virginia 3 3 5 11 12 -9 Florida 10 13 9 16 15 -5 Tennessee 8 122 18 19 17 -9 S outh Carolina 22 27 31 31 32 -10 Source: Rich States, Poor States. ALEC-Laffer State Economic Competitiveness Index Stronger than neighboring Economic outlook rank improved states, Texas and Florida significantly since 2011 12
The Comeback Continues September 2015 January 2013 9.4 % unemployment 5.9 % unemployment $2.5 billion unemployment Unemployment insurance debt insurance debt paid off Personal tax rate = 5.499% Personal tax rate = 7.75% Corporate tax rate = 4.0% Corporate tax rate = 6.9% 13
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