N.C. Department of CommerceNCEDA Mid‐Winter Conference NCEDA Mid Winter Conference 

Update

Dale B. CarrollDeputy Commerce Secretary/COOp y y

March 4, 2011

2010 Sales ResultsProjects Assigned 436

Projects Announced  155

Jobs Announced 17,3607,3

Jobs Retained 4,160

Investment Announced $3 9 BInvestment Announced $3.9 B

Existing Industries Visited 1,724

2

2009 vs. 2010 9

j i d ( 6)Projects Assigned 2% (429 v. 436)

Projects Announced  5% (148 v  155)Projects Announced  5% (148 v. 155)

Jobs Announced 3% (16 840 v   17 360)Jobs Announced 3% (16,840 v.  17,360)

Investment Announced 37% ($ 2.9B v. $ 3.9B)Investment Announced 37% ($ 2.9B v. $ 3.9B)

3

2010 Projects Assignedj g

436 Projects Assigned % 1%436 Projects Assigned• 270 New• 166 Expansion‐Related

5%4% 1%

New

Expansion

166 Expansion Related

62%

28% Retention/Expansion

Consolidation Expansion

Retention & No Jobs 

New Assignments 62%Expansion‐Related Assignments 38%

Retention & No Jobs or Investment

Expansion‐Related Assignments 38%104% of 420 Assignment Goal

4

Top 5 Sources for 2010 ProjectsTop 5 Sources for 2010 Projects

1. 39%   Local/County Developer (138)1. 39%   Local/County Developer (138)2. 23% Direct Call from Company  (101)3 16% Site Selection Consultant  (71)3. 16% Site Selection Consultant  (71)4. 6% Regional Partnership  (26)5 5% Foreign Offices (20)5. 5% Foreign Offices (20)

Sample of Primary Sources for the 436 Projects Assigned in 2010, Totals will not equal 100%Sample of Primary Sources for the 436 Projects Assigned in 2010, Totals will not equal 100%

5

2010 Projects Announced2010 Projects Announced

 P j t  A d155 Projects Announced• 60 New• 95 Expansion‐Related

8%7%

Expansion

46%New

Retention/Expansion

New Announcements 39% 

39% Consolidation Expansion

39Expansion‐Related Announcements 61%103% of 150 Announcement Goal

6

2010 Jobs Announced2010 Jobs Announced

6  J b  A d17,360 Jobs Announced• 5,502 New• 11,858 Expansion‐Related

10%

8%

Expansionp

50%

New 

Consolidation Expansion

New Jobs Announced 32% 

32%Retention/Expansion

e Jobs ou ced 3Expansion‐Related Jobs Announced 68%101% of 17,200 Jobs Announced Goal

7

Top 10 Announcements by JobsCompany New/Exp # of Jobs Primary

ActivityCounty

Siemens Expansion 825 Manufacturing Mecklenburgp 5 g g

IBM Corporation Expansion 600 Service/Sales Durham

Reser’s Fine Foods Expansion 500 Manufacturing Halifax

Pierre Foods Expansion 500 Manufacturing CatawbaPierre Foods Expansion 500 Manufacturing Catawba

Hewitt & Associates

Expansion 463 Service/Sales Mecklenburg

American Red  New 440 Service/Sales MecklenburgAmerican Red Cross

New 440 Service/Sales Mecklenburg

Fountain Power Boat Industries

Expansion 411 Manufacturing Beaufort

Sonopress LLC Expansion 408 Manufacturing Buncombe

Caterpillar New 392 Manufacturing Forsyth

Hatteras Yachts Inc

New 350  Manufacturing Craven

8

2010 Jobs Retained2010 Jobs Retained

4 180 Jobs Retained4,180 Jobs Retained• 2,362 Retention/Expansion• 1,818  Consolidation Expansion1,818  Consolidation Expansion

57%

43%Retention/Expansion

Consolidation ExpansionExpansion

9

2010 Investment Announced2010 Investment Announced

$ 3 9 B Investment Announced$ 3.9 B Investment Announced• $2.4 B  New• $1.56 B Expansion‐Related

3% 1%

New

61%

35%Expansion

Retention/Expansion

Consolidation Expansion

New Investment Announced 61%Expansion‐Related Investment Announced 39%108% of $3.7 B Investment Announced Goal3

10

Top 10 Announcements by Investmentp y

Company New/Exp Investment Primary Activity CountyFacebook New $462,800,000 Data Center Rutherford

American Express New $460,000,000 Data Center Guilford

Caterpillar New $426,000,000 Manufacturing Forsythp , , g y

Clearwater Paper New $260,000,000 Manufacturing Cleveland

Certain Teed Gypsum New $160,000,000 Manufacturing Person

Malt‐O‐Meal New $135,000,000 Manufacturing Randolph

Cree, Inc. Expansion $135,000,000 Manufacturing Durham

Siemens Energy Expansion $135,000,000 Manufacturing Mecklenburggy p $ 35, , g g

Novo Nordisk Pharmaceutical

New $131,400,000 Assembly Johnston

Hydac Technology  New $96,000,000 Manufacturing Mecklenburg

11

2010 International Projects Announcedj

44 Projects Announced44 j• 28% of Total Projects Announced

$944 M Investment Announced• 24% of Total Investment Announced

4,221 Jobs Announced• 24% of Total Jobs Announced

12

2010 International Projects Announced44 International Projects Announced

Austria 4 Israel 1

Belgium 1

Bermuda 1

Italy 2

Japan 5

British Virgin Islands 1

Canada 7

Malaysia 1

Sweden 1Canada 7

Czech Republic 1

Sweden 1

Switzerland 3

Denmark 1

Germany   8

Taiwan 1

United Kingdom  4

13

France  2

2010 Port and Rail Service Requests2010 Port and Rail Service Requests

8 projects assigned in 2010 requested port service

14 projects assigned in 2010 4 p j grequested rail service

14

Based on projects assigned in 2010

2010 Building Square Footage Requests by Primary Activity

20

1

2

1

114

16

18

2 5

9

10

13

7

1

11

2 1 21

8

10

12 Assembly

Corp HQ Relocation

Data Center

Manufacutring

21 1

21 1

2

2 31

13

11

2

3 2

1

4

9

3 3 4 4

7

37 41

2

4

6g

R&D

Service/Sales

Warehouse/Distribution

1 1 1 110

15

Based on projects assigned in 2010

2010 Site Acreage Requests by Primary Activity

12

8

10

A bl

101

1

6

8 Assembly

Corp HQ Relocation

Data Center

Manufacutring

1 1

7 3

4

2

4 22

4c g

R&D

Service/Sales

Warehouse/Distribution

1 1 1

1

1 1 12 2

0

16

Based on projects assigned in 2010

2010 Existing Industries Visitedg1,724 Existing Industries Visited

166191

172200

250

113 100133 144

121149

125

166 153 157172

100

150

0

50

Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec

17

72% of 2,400 Existing Industries Visited Goal

2010 Existing Industry Referrals Made  2010 Existing Industry Referrals Made  

Community Colleges

27%

8%

5% 1%Co y Co ege

SBTDC

16%

International Trade Division

NC Military Business Center

Universities

Department of Environment and 

26%17%

pNatural Resources

Department of Transportation

18

2010 Existing Industry Top Challenges2010 Existing Industry Top Challenges

4%4% Developing New Markets

28%6%

5% Withstanding State and Local EconomyRecruiting, Screening and TrainingIdentifying Financing Options

8%

Identifying Financing Options

Working Capital

Dealing with Rising Utility Costs

23%

9% Absorbing Rising Health Costs

Finding Suppliers

23%13%

Managing Competition

19

2010 Total B&I Announced Projects2010 Total B&I Announced Projects

20

2001 to 2010 i & d S l iBusiness & Industry Sales History

Y A i t A t J b I t tYear Assignments Announcements Jobs Investment

2001 478 143 15,718 $3,211,641,503

2002 480 122 12,120 $1,200,755,016

2003 502 145 10,501 $1,208,697,000

2004 459 171 19,476 $2,954,688,570

2005 440 203 18,937 $3,070,798,5912005 440 203 18,937 $3,070,798,591

2006 414 178 22,237 $2,649,239,180

2007 391 165 15,927 $3,327,333,024

2008 439 144 19,350 $5,099,274,587

2009 429 148 16,840 $2,886,335,904

2010 436 155 17,360 $3,978,851,765

TOTAL 4,468 1,569 168,466 $29,587,615,140

21

2011 Sales Goals

Projects Assigned 435Projects Assigned 435

Projects Announced  150

Jobs Retained 4 180Jobs Retained 4,180

Jobs Announced 17,700

Investment Announced $3.9 B

Tax Base Saved $83 M

Existing Industries Visited 1,800

22

American Recovery and Reinvestment ActAmerican Recovery and Reinvestment ActExamples from N.C. Commerce Divisions

• Community Development Block Grant Recovery (CDBG R) – 41,331 linear ft of infrastructure (water, sewer, streets)

• Recovery Zone Bonds  $1 billion allocated; $800 million • Recovery Zone Bonds – $1 billion allocated; $800 million utilized

• Appliance Rebate Program – $9.5 million allocated for grebates; over 4,900 energy efficient appliances purchased

• JobsNOW “12 in 6” Program – From August 2009 to January 2011 18 994 citizens have received trainingJanuary 2011 18,994 citizens have received training

Status of Reorganization at gN.C. Commerce

• Merger of N.C. Commerce & ESC pending at Executive Branch & NC General Assembly

• State Energy Office & Weatherization Assistance Program fully implemented within N.C. Commerce

f ll f ll l d• Commissioner of Small Business fully implemented at N.C. CommerceB&I Di i i  & BLNC Di i i   i ti  • B&I Division & BLNC Division reorganizations complete

Governor Beverly Perdue, Commerce Secretary Keith Crisco and Deputy Commerce Secretary Dale Carroll Commerce Secretary Dale Carroll wish to thank NCEDA and it’s members for your support of members for your support of 

economic development.