2011 nc economic development board presentation
DESCRIPTION
Given to the NC Economic Development Board by Lynn Minges on Apr. 15, 2011TRANSCRIPT
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North Carolina Economic
Development BoardApril 15, 2011
Lynn Minges
Assistant Secretary of Tourism,
Marketing & Global Branding
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• Thrive Essence Video
• ThriveNC.com
• Paid Media
• Direct Mail
• New Collateral
• Client Notebook
• Tradeshows
• Signature Events
Key AccomplishmentsKey Accomplishments
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Key AccomplishmentsKey Accomplishments
Essence Statement:
North Carolina has the tangibles that businesses need as well
as a lifestyle that helps employees flourish. Our secret is simple:
When people Thrive, business Thrives. We understand that in
today’s global economy, people are your greatest source of
competitive advantage—happy, fulfilled employees are more
productive employees. From our business resources to our
human resources to our natural resources, we offer businesses
what they need to create a competitive advantage and Thrive.
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Key Accomplishments
ThriveNC.com (launched May 2010)
Since launch:
• 43,000+ visits
• 125,000+ pageviews
• Avg. time spent on site: 3+ mins
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Key Accomplishments
Paid Media
Site Selector Magazine Inserts
NC Business Journal Ad
Online Banner Ad
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Direct Mail
Event Invitations to
Decision Makers
Customizable Pocket Folders
Key Accomplishments
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Key Accomplishments
New Collateral for each industry sector
ICT BrochureGreen Energy Brochure
Life Sciences Brochure
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Key Accomplishments
Client Notebook
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Key Accomplishments
Tradeshows
Farnborough Airshow, U.K. | Trade Show
BIO, Chicago | Trade Show
Windpower 2010, Dallas | Trade Show
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Key Accomplishments
Signature Events
Experience NC, 2011
Atlanta Consultant Reception
BIO Reception
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Research
Qualitative and quantitative research was conducted between November 2010 and January 2011:
1. Focus groups with Location Advisors
2. Location Advisors’ Perceptions of North Carolina
online survey
3. Corporate Executives’ Perceptions of North Carolina
online survey
Summary
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Focus Groups in New York
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Research
Key Findings among Location Advisors
• The North Carolina brand is strong
Top 3 states for
Biotechnology/Life Sciences:
35% North Carolina
33% Massachusetts
12% California
Top 3 states for Information and
Communications Technology:
38% California
14% Texas
10% Georgia (tie)
10% North Carolina (tie)
Top 3 states for Financial
Services:
54% New York
28% North Carolina
5% New Jersey
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Research
Key Findings among Location Advisors
• On the right track with key resources
Valuable resources used in Advisors research site locations
- 57% Mapping Tools
- 51% Websites
- 35% Case studies
- 32% Testimonials
- 24% Internet Research/Web Articles
- 22% Access to Economic Development contacts
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Research
• Highest ranking site location criteria among Advisors
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
Lowoverallcosts
Competitive incentives/
taxexemptions
Business-friendly
government
Low overall tax burden
Skilled workers
Efficient transport-
ation systems
Affordable personnel
5.3
5
5.2
5
5.1
4
5.0
2
4.9
4
4.7
8
4.6
9
4.4
6
4.3
2 4.4
9
4.2
2
4.7
8
4.3
4
4.5
9
Importance to Location Advisors
N.C.'s Ranking
Most important criteria, by mean score, all respondents, on a scale of 1-6
Key Findings among Location Advisors
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Research
• Lowest ranking site location criteria among Advisors
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
Low cost occupancy/
construction costs
Managerial/ professional
workers
Worker training
programs
Good K-12 education
Quality of life
Research universities
Funding sources/ financial markets
4.5
7
4.5
5
4.0
4
3.9
8
3.8
4
3.5
7
3.3
1
4.3
9
4.7
6
4.7
1
3.9
8
4.5
6
5.2
4
3.9
3
Importance to Location Advisors
N.C.'s Ranking
Less important criteria, by mean score, all respondents, on a scale of 1-6
Key Findings among Location Advisors
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Research
• Importance factor among Advisors vs. North Carolina’s score
Key Findings among Location Advisors
North Carolina’s score
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Research
• Build on the momentum
78% 78%
68%
44%39%
5%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Seen/heard ad Read a story Met with ED
representatives
Received a call Attended an
event
None of the
above
Key Findings among Location Advisors
Exposure to North Carolina’s Marketing
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Research
• Total of 74 participating Corporate Executives:
- 68 involved in corporate location decisions
- 49 indicate their company is planning on relocating, expanding, consolidating or building new facilities in the next 3 years
Key Findings among Corporate Executives
Respondents’ Demographic: Industry
IT/Software 24%
Heavy Equipment 15%
Banking/Financial Services 9%
Food Processing 9%
Aerospace/Aviation 7%
Plastics and Chemicals 7%
Textiles 7%
Trucking & Logistics 7%
Automotive 6%
Medical Devices 6%
Pharma/Bio 3%
Respondents’ Titles/Positions
23%
43%
8%
8%
4%4% 4% 4% 2%
Chief Financial Officer Chief Executive Officer
Vice President, Manufacturing Vice President, Business Development
Vice President, Human Resources Chief Operating Officer
Engineer Administrative Officer
Chief Global Business Officer
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Research
• Highest ranking site location criteria among Executives
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
Low overall costs
Affordable personnel
Business-friendly
government
Skilled workers
Overall tax
burden
5.0
0
4.7
5
4.7
2
4.6
8
4.6
2
3.9
2
4.0
6
3.9
6
4.1
1
3.7
3
Importance to Corporate Executives
N.C.'s Ranking
Most important criteria, by mean score, all respondents, on a scale of 1-6
Key Findings among Corporate Executives
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Research
• Less ranking site location criteria among Executives
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
Managerial/ professional
workers
Occupancy/ construction
costs
Efficient transportation
systems
Competitive incentives/
tax exemptions
Quality of Life
4.6
1
4.5
7
4.4
4
4.4
0
4.2
6
4.3
3
3.7
7
4.0
2
3.8
0
4.2
7
Importance to Corporate Executives
N.C's Ranking
Less important criteria, by mean score, all respondents, on a scale of 1-6
Key Findings among Corporate Executives
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Research
• Lowest ranking site location criteria among Executives
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
Good K-12 education
Worker training programs
Research universities
Funding sources/ financial markets
3.8
7
3.2
9
2.5
8 2.5
7
3.7
9 3.9
2 4.3
5
3.6
2
Importance to Corporate Executives
N.C.'s Ranking
Least important criteria, by mean score, all respondents, on a scale of 1-6
Key Findings among Corporate Executives
![Page 23: 2011 NC Economic Development Board Presentation](https://reader033.vdocuments.mx/reader033/viewer/2022051818/5493fdbfac79593b2e8b4a09/html5/thumbnails/23.jpg)
Research
• Importance factor among Executives vs. North Carolina’s score
Key Findings among Corporate Executives
North Carolina’s score
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Research
Key Findings among Corporate Executives
Valuable resources used when Executives research site locations
- 51% Websites
- 26% Case studies
- 23% Mapping Tools
- 19% Testimonials
- 17% Word of Mouth
- 15% Web Articles
• On the right track with key resources
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Key AccomplishmentsLooking Ahead
• Enhance ThriveNC.com
• Video Testimonials
• Site Selector E-Newsletter
• Site Selector Direct Mail and Promotions
• N.C. Economic Development Guide
• EDIS Enhancement
• Tradeshows
• Events & Sales Missions
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Looking Ahead
Continue to Enhance ThriveNC.com
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Key AccomplishmentsLooking Ahead - Video Testimonials
Red Hat: North Carolina Offers IT Companies a Competitive Advantage
Deere-Hitachi: North Carolina's Business Climate & Operating Costs in North Carolina
Sabo USA: North Carolina's Labor Force
Siemens Energy: Workforce Training in North Carolina & Support for the Energy Industry in North Carolina
Clearwater Paper: North Carolina's Pro-Business Government
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Looking Ahead
Site Selector E-Newsletter
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Looking Ahead
Site Selector Direct Mail and Promotions
Personal Invitations
Customizable Folders
Gift Baskets
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Looking Ahead
N.C. Economic Development Guide (print and online)
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Looking Ahead
EDIS Enhancement
“North Carolina Economic Data and Site Information”
New name, logo/tagline development and mobile application:
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Tradeshows (2011 & 2012)
Looking Ahead
• International Air Show Exhibit, June 20-26, 2011 – Le Bourget, France
• BIO 2011, June 26-29, 2011 - Washington, DC
• AUSA Defense Trade Show, October 10-12, 2011 – Washington, DC
• Solar Power International Trade Show, Oct. 18-20, 2011 – Dallas, Texas
• Game Developers Conference, Spring 2012 – San Francisco, California
• AWEA Windpower 2012, June 3-6, 2012 – Atlanta
• BIO 2012, Boston, MA, June 18-21, 2012 – Boston, Massachusetts
• International Air Show Exhibit, July 9-15, 2012 – Farnborough, UK
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Site Selection Consultant Events
• Atlanta, August, 2011
• New York, November 2011
• Dallas, March 2012
• Asheville, Experience North Carolina Familiarization
Tour, April 2012
Corporate Executive Events
• Defense Industry Luncheon, June 29, 2011,
Washington, DC,
• AUSA 2011 Defense Sector Reception, October 10,
2011 – Washington, DC
• Silicon Valley Area Information Technology
Promotional Luncheon, March, 2012
• Aerospace Executive Forum, May 2012
• BIO 2012 Reception, June 18-21, 2012 – Boston,
Massachusetts
Conferences/Seminars
• COMS 2011 – Micro Nanotech Conference,
August 28-31, 2011 – Greensboro, NC
• IEDC Annual Conference, Sept. 18-21, 2011
• Main Street Conference, January 2012
• North Carolina Nanotechnology
Commercialization Conference, Spring,
2012
• Go Global Road Show (Export Seminars),
April 16-20, 2012
International Sales Missions:
• Asian Business Development Trip, Fall 2011
• European Business Development Trip,
Spring 2012
Events & Sales Missions (2011 & 2012)
Looking Ahead
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Strategic Marketing Plan
Visit Partners.ThriveNC.com for more information
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在北卡羅來納州的商業繁榮Thrive in North Carolina Commercial for China
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April 15, 2011
Lynn Minges
Assistant Secretary of Tourism,
Marketing & Global Branding
Partners.ThriveNC.com
North Carolina Economic
Development Board