economic development update...2019/08/20 · • public events such as the metro economy outlook...

Economic Development Update

FY19 Year-in-Review8/20/2019

Agenda• Partnership• EDC Activities• Status of Active Projects• Return on Investment• Moving Forward

2

Economic Development in Buncombe County

• Partners: • Economic Development Coalition • Local Government: City of Asheville, Town of Black Mountain, Town of Weaverville• State of North Carolina: NC Commerce Department, EDPNC, DOT• Federal Government: ARC• Regional Partners: Land of Sky, Workforce Development Board• Schools: AB-Tech, City & County School Systems, Regional Universities

• Related Organizations: • Small Business Development: Asheville Chamber, Carolina Small Business, Blue

Ridge Food Ventures, SBTDC, ABTECH Incubator and Small Business Center• Sports and Recreational Tourism: Sports Commission• Tourism: Tourism Development Authority (TDA)

3

25 Years of Partnership

4

July 1994, Resolution #20465 created the Buncombe County Economic Development Commission ‘intended to stimulate private sector investment, economic growth and job creation within Buncombe County’

EDC Board & Governance

• Board Chair: Michael Meguiar, SVP, Thermo Fisher Scientific US• Board: 20 Members• 9 Appointed Members• 11 Ex-Officio Members: County Manager, City Manager, BCS Superintendent, ACS

Superintendent, ABTECH President, Airport Director, Chamber President, Chamber Vice Chair for Economic Development, Duke Energy, PSNC/Dominion, Manufacturing Executives Association

5

Mission: Community Prosperity

6

• Economic Diversification• Quality Jobs & Economic Mobility• Increasing Average Wages for Buncombe

County Residents• Sustainable Growth in Tax Base

The Buncombe County Strategy

7

Industry Expansion & Workforce

Development

Community Marketing & Recruitment

Venture Asheville

RiverbirdResearch

• Workforce Development

• Manufacturing Sustainability

• HQ SupportServices

• Recruitment Strategy

• Target Industry Marketing

• Site Selector Influence

• Connecting• Mentoring• Funding The Next

Generation Locally Headquartered Businesses

• Encouraging Data Driven Decision Making For Private Sector Growth & Public Sector Governance

FY2019: Local Industry Expansion

8

Reich LLC

New Jobs: 15

Capital Investment: $10.9M

Industry: Automotive Parts Mfg

County Incentive: $0

“We continue to build on a great workforce, culture, and community that support advanced

manufacturing jobs in WNC.” - Matthias Goetz, Asheville Plant Manager

FY2019: Local Industry Expansion

9

East Fork Pottery

New Jobs: 75


Industry: Clay Product Mfg

County Incentive: $0

“The Mattisses are on a mission to introduce artisanal ceramics to a new generation of consumers.”

- Fast Company Magazine

Program Impact: Mentorship

10

• Building a pipeline of talented young workforce to launch careers in WNC

• Mentorship Program Partnership with UNCA, WCU & Warren Wilson College

• Matching Buncombe County Professionals with students of color, immigrant communities and first-in-family to attend college

• ABTECH Apprenticeship Consortium• CAYLA, High School Tours, National

Manufacturing Week, Educator in Industry Events

Program Impact: Economic Mobility

11

• Building workforce partnerships with community allies at Asheville Housing Authority, UpSkill WNC, Green Opportunities, State of Black Asheville.

• Building awareness with Buncombe County Employers about hiring programs that broaden economic opportunity and inclusive prosperity for more families in Buncombe County.

PARTNERSHIPSFOR ECONOMIC MOBILITY

Program Impact: Career Connections

12

• Hosting largest workforce recruitment events in Western North Carolina.

• Facilitating career exploration and employment for 700+ local high school students at the WNC Career Expo.

• Connecting over 3,000+ local job seekers to employment opportunities.

• Promoting over 150 employers in manufacturing, healthcare, hospitality, construction, & professional services.

FY2019: New Recruited Industry

13

Haakon Industries

New Jobs: 160


Industry: HVAC Mfg

County Incentive: $192K Total “Haakon is excited to join the Asheville community…we look forward to many years here in WNC.”

- Ryan Leahy, Plant Manager

FY2019: New Recruited Industry

14

Fox Factory (Grand Opening)

New Jobs: 65

Capital Investment: $1M

Industry: Engineering, R&D

County Incentive: $0 “Along with a very passionate mountain biking culture, we believe Asheville offers us the ability to tap into a top-notch talent pool.”

- Larry Enterline CEO

Program Impact: Infrastructure Growth

15

• Build collaborations with Buncombe County, Land of Sky, NCDOT, ARC, Golden Leaf and the USEDA to secure outside funding for local infrastructure that supports industrial job creation.

• Black Mountain Commerce Park Case Study: $3.7M in combined funds for extension of access roads, water and sewer.

• Enka Commerce Park Case Study: $2.8M in combined funds for extension of access roads.

FY2019: ‘Venture Asheville’

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• The Elevate Team Mentoring Service has helped launch over 50 Buncombe County start-ups. Leverages the talents of over 54 experienced business mentors.

• Facilitated nearly $4M in equity funding for Buncombe County start-ups in FY2019.

• Launched and manage the Asheville Angels Investor Network, includes 25+ local investors funding over $195,000 in local start-ups in FY2019.

Program Impact: Thriving Start-Ups

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• Venture Asheville awarded 5 ‘micro-grants’ of $5k each in Spring of 2019.

• Venture Asheville ‘Start-Up Road Trip’ helped 6 local start-ups attract over $1M in critical equity funding in Spring 2019.

• Launched the ‘Venture 15’ Awards recognizing the 15 fastest growing Buncombe County start-ups, winners represented:

• $52M in local revenues• 11 of 15 were Venture Asheville Alums• Half are female founded• Half are in Technology Sector

FY2019: EDC Research Outcomes

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• Fulfilled over 220 research requests including Buncombe County bond reporting, economic impact analysis, media requests, customized workforce and industry analysis to inform business decision making.

• Public events such as the Metro Economy Outlook (October 18, 2019) or the Metro Growth Breakfast (May 2020) bring authoritative data and economist perspectives to the challenges and opportunities facing Buncombe County.

Program Impact: Data-Driven Decisions

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• Conducted first-ever employer survey of the 10-county labor shed to identify strengths, weaknesses, and forecast future workforce demand.

• Partnered with industry leading labor analytics firm, EMSI, to product a Gap Analysis on workforce needs for our most promising economic targets for growth.

• Please join us for EDC Board Meeting of October 25th to hear highlights of the research report.

FY2019 EDC Outcomes

20

250 new jobs

$41,678 avg

$33,000,000

25 start-ups

$14,000,000

108 new jobs

FY2015-19 Return on County Investment

21

2015-date

$90 ROIFor every $1

invested

$9,525,803Est. resulting

local taxes

$117,001,775New labor

income

1,052 Direct new

jobs

$196,000,000New taxable investment in real & personal property

Economic Development Incentive Program

Economic Development Investment Policy

• Purpose: Broaden and diversify the development of new business and industries. Induce companies to invest or expand in Buncombe County.

• Primary Incentives:• Capital Investment: based on reported capital investment which result in an

increase to the tax base.• Jobs: based on number of jobs that pay at or above the 100% of Buncombe

County’s average wage rate ($20.93).

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Projects

24

2010

Beverage, $175M, 154 jobs

Communication Technology, $3.9M, 75 jobs

Aviation, $126.6M, 52 jobs

Medical, $25.4M, 550 jobs

Aviation, $104.8M, 130 jobs

Automotive, $315M, 800 jobs

Food, $85M, 160 jobs

Active EDAs – Disbursement Summary

Company Public Hearing Total EDA Total DisbursedPercentage Disbursed

Ingles 12/7/2010 $2,975,000 $765,000 25.71%

New Belgium Brewing 8/7/2012 $8,450,000 $1,300,000 15.38%

GE - 2013 5/14/2013 $2,680,000 $536,000 20.00%

GE - 2018 6/5/2018 $685,000 $0.00 0.00%

Jacob Holm 1/7/2014 $1,120,545 $1,067,156 95.24%

Linamar (Consolidated 2019) 4/2/2019 $9,000,000 $3,000,000 33.33%

Avadim 4/18/2017 $881,960 $0.00 0.00%

Summary

Economic Development

FY19 Annual Report

Summary of Active EDAs

A. Summary of Financial Status

CompanyPublic HearingTotal EDATotal DisbursedPercentage DisbursedFY19 BudgetedFY19 DisbursedFY20 Budgeted

Ingles12/7/10$2,975,000$765,00025.71%$170,000$170,000$170,000

New Belgium Brewing8/7/12$8,450,000$1,300,00015.38%$650,000$650,000$650,000

GE - 20135/14/13$2,680,000$536,00020.00%$268,000$0$268,000

GE - 20186/5/18$685,000$0.000.00%$228,333$0$228,333

Jacob Holm1/7/14$1,120,545$1,067,15695.24%$224,109$208,825$39,000

Linamar (2011)3/2/11$10,000,000$10,000,000100.00%$0$0$0

Linamar (2014)9/25/14$9,000,000$3,000,00033.33%$1,500,000$0$1,000,000

Avadim4/18/17$881,960$0.000.00%$0$0$0

Burial2/5/19$10,045$10,045100.00%$10,045$10,045$0

B. Summary of Tax Collections

CompanyPublic Hearing (Initial)Total EDATotal DisbursedFinancial Impact as of TodayTax Collections (Buncombe) 1Tax Collections (Total) 2

Ingles12/7/10$2,975,000$765,000$7,482,961$5,052,554$8,247,961

New Belgium Brewing8/7/12$8,450,000$1,300,000$3,082,599$2,290,478$4,382,599

GE5/14/13$3,365,000$536,000$1,569,486$1,179,779$2,105,486

Jacob Holm1/7/14$1,120,545$1,067,156$1,661,775$2,357,931$2,728,930

Linamar3/2/11$19,000,000$13,000,000($8,762,331)$2,375,481$4,237,669

Burial2/5/19$10,045$10,045$35,488$24,717$45,533

Notes:

1. This is the cumulative total (including discovery and/or audit amounts). The start date is the date of the Public Hearing which varies by employer. The data is current as of Tax Year 2018.

2. This is the total collected amount including county taxes, municipal taxes, fire taxes, etc.

C. Summary of Performance Status

CompanyJob (Goal)Job (Actual)Average Wage (Goal)Average Wage (Actual)Capital Investment (Goal)Capital Investment (Actual)Assessed Value2018 Tax Revenue (Buncombe) 22018 Tax Revenue (Total) 3

Ingles160160$41K$55K$85M$129.6M$676,560$1,101,837

New Belgium Brewing154132$50K$52K$175M$125M$639,682$1,232,551

GE 1183130$45K$63K$230M$43.8M$178,947$323,885

Jacob Holm6657$46K$46.5K$45.9M$79.0M$482,324$564,383

Linamar 1800300$39K$51K$315M$141M$362,060$661,052

Burial1420$34K$44K$1.8M$2.1M$9,670$17,751

Notes:

1. FY19 confirmation has not been completed at this time.

2. This is the FY18 total (including discovery and/or audit amounts). This is not a cumulative amount.


For Presentation


Ingles12/7/10$2,975,000$765,00025.71%$170,000$170,000$170,000


GE - 20135/14/13$2,680,000$536,00020.00%$268,000$0$268,000

GE - 20186/5/18$685,000$0.000.00%$228,333$0$228,333

Jacob Holm1/7/14$1,120,545$1,067,15695.24%$224,109$208,825$39,000

Linamar (Consolidated 2019)4/2/19$9,000,000$3,000,00033.33%$1,500,000$0$1,000,000

Avadim4/18/17$881,960$0.000.00%$0$0$0

Burial2/5/19$10,045$10,045100.00%$10,045$10,045$0

CompanyCompletion DateJob (Goal)Job (Actual)Average Wage (Goal)Average Wage (Actual)Capital Investment (Goal)Capital Investment (Actual)

Ingles7/1/21160160$41K$55K$85M$129.6M

New Belgium Brewing3/31/28154132$50K$52K$175M$125M

GE 112/31/21183130$45K$63K$230M$43.8M

Jacob Holm4/30/196657$46K$46.5K$45.9M$79.0M

Linamar 112/31/24800300$39K$51K$315M$141M

Burial4/1/191420$34K$44K$1.8M$2.1M

GE

Unison Engine Components

Tax Year/Abstract #LocationProperty ValueTotalTax paidInterestPaidPenaltyPaidBuncombeTax/Interest paidAshevilleTax/Interest Paid

2011

BPP 783646401 & 601 SCIP27,450,460.00186,755.47144,114.92115,291.93259,406.85Total

4738394,393,200.0023,064.3018,451.4441,515.74Total

167,179.22Buncombe

2012

BPP 779051401 & 601 SCIP26,280,650.00492,315.84137,973.41110,378.73248,352.14Total

5750644,393,200.0016,447.8023,064.3018,451.4441,515.74Total

161,037.71Buncombe

2013

BPP 775537401 & 601 SCIP24,180,750.00615,181.20146,051.73111,231.45257,283.18Total

3469023,739,700.0024,418.3922,587.7917,202.6239,790.41Total

168,639.52Buncombe

2014

BPP 798431401 & 601 SCIP23,535,349.00186,755.47142,153.51108,272.61250,426.12Total

7075823,739,700.004,492.2622,587.7917,202.6239,790.41Total

164,741.30Buncombe

2015

BPP 3012778502 SCIP14,737,157.00492,315.8489,012.4370,001.50159,013.93Total

BPP 798431401 & 601 SCIP20,518,188.0016,447.80123,929.8697,471.39221,401.25Total

7075823,821,100.0074,519.6423,079.4418,150.2341,229.67Total

236,021.73Buncombe

2016

BPP 3012778502 SCIP16,351,137.0098,760.8777,667.90176,428.77Total

BPP 798431401 & 601 SCIP17,523,204.00105,840.1583,265.22189,105.37Total

7075823,906,200.0023,593.4518,554.4542,147.90Total

228,194.47Buncombe

2017

BPP 3012778502 SCIP13,395,560.0072,202.0757,453.56129,655.63Total

BPP 798431401 & 601 SCIP19,972,156.00107,649.9285,690.58193,340.50Total

7075824,338,100.0023,382.3618,606.1141,988.47Total

203,234.35Buncombe

2018

BPP 301277812,391,436.0065,550.7053,146.87118,697.57Total

BPP 79843115,592,002.0082,481.6966,904.10149,385.79Total

7075824,338,100.0022,948.5518,606.1141,554.66Total

170,980.94Buncombe

2,109,649.71- 0- 0

2018 Audit

BPP 30127782018-2018 Disc23,346.00123.50100.13

BPP 30127782018-2016 Disc514,204.003,105.792,442.47

BPP 30127782018-2015 Disc122,756.00756.28594.75

BPP 7984312018-2018 Disc93,715.00505.67409.98

BPP 7984312018-2017 Disc120,707.00663.62528.06

BPP 7984312018-2016 Disc144,179.00888.26698.55

BPP 7984312018-2015 Disc162,248.00999.58786.09

BPP 7984312018-2014 Disc91,459.00563.46429.12

BPP 7984312018-2013 Disc62,049.00360.12291.14

Total since 20111,507,995.521,188,281.152,696,276.67

Total since 20131,179,778.59925,707.612,105,486.20

2018 Total178,947.22323,884.59

New Belgium

New Belgium

Tax Year/Abstract #Property ValueTotalTax paidInterestPaidPenaltyPaidBuncombeTax/Interest paidAshevilleTax/Interest PaidAsheville City SchoolTax/Interest PaidEnka-CandlerTax/Interest Paid

2013

43850891 Craven5,649,500.0068,584.941,371.7034,805.4526,507.458,643.74

2014

71596991 Craven5,649,500.0068,584.9334,122.9825,987.708,474.25

2015

BPP 301607291 Craven446,899.005,492.392,699.272,122.77670.35

301030191 Craven35,500,000.00436,295.00214,420.00168,625.0053,250.00

3009994144 Jacob Holm11,734,600.0081,438.1270,876.9810,561.14

2016

BPP 3020506145 Jacob Holm121,084.00840.33731.35108.98

BPP 301607291 Craven38,308,131.00470,806.93231,381.11181,963.6257,462.20

301030191 Craven57,000,000.00700,530.00344,280.00270,750.0085,500.00

3009994144 Jacob Holm11,734,600.0081,438.1270,876.9810,561.14

2017

BPP 3020506145 Jacob Holm163,704.001,029.69882.36147.33

BPP 301607291 Craven39,818,925.00433,190.09214,624.01170,783.3747,782.71

301030191 Craven64,800,000.00704,959.20349,272.00277,927.2077,760.00

3009994144 Jacob Holm15,180,700.0095,486.6081,823.9713,662.63

2018

BPP 3020506145 Jacob Holm264,108.001,634.831,397.13237.70

BPP 301607291 Craven40,678,036.00438,468.55215,186.81174,468.1048,813.64

301030191 Craven64,800,000.00698,479.20342,792.00277,927.2077,760.00

3009994144 Jacob Holm15,180,700.0093,968.5380,305.9013,662.63

Totals4,381,227.451,371.70- 02,290,478.301,577,062.41466,116.8948,941.554,382,599.15

Tax Year 2018639,681.841,232,551.11

Linamar

Linamar

Tax Year/Abstract #Property ValueTotalTax paidInterestPaidPenaltyPaidBuncombeTax/Interest paidAshevilleTax/Interest PaidCulture/Recreation

2012

BPP 777581274,200.002,591.191,439.551,151.64

2013

BPP 78480450,542,780.00537,775.1810,755.51311,383.96237,146.73

5811859,850,200.00104,806.132,096.1260,685.1146,217.14

2014

BPP 79688649,931,977.00531,276.23301,589.14229,687.09

7371289,850,200.00104,806.1359,495.2145,310.92

2015

BPP 79688647,087,173.00508,070.5950,807.06284,406.52223,664.07

7371289,850,200.00106,283.6659,495.2146,788.45

2016

BPP 79688680,227,551.00865,655.28484,574.41381,080.87

7371289,850,200.00106,283.6659,495.2146,788.45

2017

BPP 79688663,215,106.00611,859.01340,729.42271,129.59

7371289,300,000.0090,014.7050,127.0039,887.70

2018

BPP 79688657,143,675.00547,379.26302,290.04245,089.22

7371289,300,000.0089,084.7049,197.0039,887.70

2018 Audit

BPP 7968862018-2018 Disc528,446.005,061.98111.36506.202,851.392,311.83

BPP 7968862018-2017 Disc507,901.004,915.98117.98983.202,792.342,221.95

BPP 7968862018-2016 Disc235,808.002,544.3766.16763.311,452.771,142.49

BPP 7968862018-2015 Disc226,701.002,446.1068.49978.441,396.661,098.37

BPP 7968862018-2014 Disc192,591.002,049.1761.481,024.581,186.52903.64

BPP 7968862018-2013 Disc144,986.001,542.6649.37925.59893.24680.28

4,224,445.9813,326.4755,988.382,375,480.701,862,188.134,237,668.83

2018 Total362,059.96661051.6

Jacob Holm

Jacob Holm Industries

Tax Year/Abstract #Property ValueTotalTax paidInterestPaidPenaltyPaidBuncombeTax/Interest paidAshevilleTax/Interest PaidEnka Candler FireTax/Interest Paid

2014

BPP 799804826,910,010.00186,755.47162,536.4624,219.01

715782647,300.004,492.263,909.69582.57

7072579,205,900.0063,888.9555,603.648,285.31222,049.79

2015

BPP 79904870,938,882.00492,315.84428,470.8563,844.99

7157822,370,000.0016,447.8014,314.802,133.00

70725710,737,700.0074,519.6464,855.719,663.93507,641.36

2016

BPP 79904888,642,824.00615,181.20535,402.6679,778.54

7157823,518,500.0024,418.3921,251.743,166.65

70725710,375,700.0072,007.3662,669.239,338.13619,323.63

2017

BPP 79904882,322,606.00517,809.20443,718.8574,090.35

7157824,587,200.0028,853.4924,725.014,128.48

70725710,788,200.0067,857.7858,148.409,709.38526,592.26

2018

BPP 79904875,801,193.00400,988.3168,221.07

7157824,587,200.0024,266.294,128.48

70725710,788,200.0057,069.589,709.38482,324.18

2,164,547.38- 0- 02,357,931.22- 0370,999.272,728,930.49

2018 Total482,324.18564,383.11

222049.79

507641.36

619323.63

526592.26

482324.18

Ingles

Ingles - 2913 and 3049 US 70 Hwy

Hwy 70 Warehouse

Parcel 060911757700000

Parcel 060942411900000

Business Personal Property

Tax Year 2011

Bill #ParcelValueBuncombeBack MountainBlack MountainVehicle Fee

3470576091175770000018,504,400.0097,148.1067,541.06

778342WH Business PP27,734,910.00145,608.28101,232.42

434270609424119000003,220,200.0016,906.0511,753.73

Tax Year 2012


5356766091175770000018,504,400.0097,148.1067,541.06

779601WH Business PP27,420,970.00143,960.09100,086.543,635.00

3070566094241190000027,557,100.00144,674.78100,583.42

Tax Year 2013


4851966091175770000014,576,700.0088,043.2754,662.63

779832WH Business PP31,905,750.00192,710.73119,646.564,045.00

5512486094241190000075,544,800.00456,290.59283,293.00

7915973049 Business PP16,399,460.0099,052.7461,497.98

Tax Year 2014


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP17,452,127.00105,410.8565,445.48

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP15,612,431.0094,299.0858,546.62

Tax Year 2015

Bill #ParcelValueBuncombeBack MountainBlack MountainVehicle FeeBuncombe Late List PenaltyBlk Mtn Late List Penalty

7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP17,607,828.00106,351.2866,029.36

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP14,175,108.0085,617.6553,156.66

7986813049 BPP Disc60,973.00368.28228.6536.8322.86

Tax Year 2016


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP18,687,873.00112,874.7570,079.52

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP13,256,220.0080,067.5749,710.83

7986813049 BPP Disc149,249.00901.46558.6890.1555.97

Tax Year 2017


7436476091175770000013,932,900.0075,098.3346,326.89

800908WH Business PP23,463,720.00126,469.4578,016.87

7151616094241190000075,850,500.00408,834.20252,202.91

7986813049 Business PP12,041,302.0064,902.6240,037.33

7986813049 BPP Disc42,103.00254.30157.8925.4315.79

Tax Year 2018


7436476091175770000013,932,900.0073,705.0446,326.89

800908WH Business PP26,247,298.00138,848.2187,272.27

7151616094241190000075,850,500.00401,249.15252,202.91

7986813049 Business PP118,273,010.0062,566.4239,325.78

7986813049 BPP Disc35,452.00191.09117.8819.1111.79

Totals5,052,554.043,187,448.717,680.00171.52106.418,247,960.68

Tax Year 2018676,559.911,101,836.54

Burial

Burial Beer

Forestry Camp LLC96478835140000016 Shady Oak Dr, Asheville

Tax Year/Abstract #DescriptionProperty ValueBuncombeTax paidAshevilleTax PaidAsheville CitySchool Tax Paid

2014

80248040 Collier BPP32,508.00196.35149.5448.76

196.35

2015

80248040 Collier BPP173,584.001,048.45824.52260.38

1,048.45

2016

709979964788351400000602,500.003,639.102,861.88

80248040 Collier BPP230,596.001,392.801,095.33345.89

5,031.90

2017

709979964788351400000613,500.003,306.772,631.30

80248040 Collier BPP224,723.001,211.26863.84269.67

302422616 Shady Oak BPP788,952.004,252.453,383.828,770.48

2018

709979964788351400000618,400.003,271.342,652.32

80248040 Collier BPP200,834.001,062.41861.38241.00

302422616 Shady Oak BPP1,008,724.005,336.154,326.429,669.90

24,717.0819,650.351,165.7045,533.13

2018 Total9,669.9017,751.02

AVL

AVL Technology Park LLCAbstract #

15 N Merrimon Avenue - BPP onlyBPP3024369

BPP799194

Altamont Investments9730767896L0001744838

15 N Merrimon Avenue - Structures Only

BPP798320

LG Enterprises LLC973076789600000678269

15 N Merrimon Avenue - Land Only

Tax Year/Abstract #Property ValueTotalTax paidInterestPaidPenaltyPaidBuncombeTax/Interest paidWoodfinTax/Interest PaidWoodfin FPSDTax/Interest Paid

2016

Bldg 7448382,827,700.0028,531.5017079.318,624.492,827.70

Land 678269724,500.007,310.214,375.982,209.73724.50

A V L BPP 7991942,848,306.0028,739.4117,203.778,687.332,848.31

Alt BPP 798320527,504.005,322.513,186.121,608.89527.50

2017

AVL BPP 302436926,587.00244.3324.43143.3074.4426.59

A V L BPP 7991942,866,647.0026,344.4915,451.238,026.612,866.65

Alt BPP 798320436,785.004,014.062,354.271,223.00436.79

Bldg 7448383,013,400.0027,693.1516,242.238,437.523,013.40

Land 6782691,049,400.009,643.995,656.272,938.321,049.40

2018

AVL BPP 302436928,798.00261.77152.3480.6328.80

A V L BPP 7991942,765,291.0025,136.4914,628.397,742.812,765.29

Alt BPP 798320343,649.003,123.771,817.90962.22343.65

Bldg 7448383,013,400.0027,391.8115,940.898,437.523,013.40

Land 6782691,049,400.009,539.055,551.332,938.321,049.40

203,296.54- 024.43119,783.3361,991.8321,521.38

Active EDAs: FY19 Performance Summary

26

Notes:1. FY19 confirmation has not been completed at this time.

CompanyCompletion

Date Job (Goal) Job (Actual)Average Wage

(Goal)Average Wage

(Actual)Capital Investment

(Goal)Capital Investment

(Actual)Ingles 7/1/2021 160 160 $41K $55K $85M $129.6MNew Belgium Brewing 3/31/2028 154 132 $50K $52K $175M $125MGE 1 12/31/2021 183 130 $45K $63K $230M $43.8MJacob Holm 4/30/2019 66 57 $46K $46.5K $45.9M $79.0MLinamar 1 12/31/2024 800 300 $39K $51K $315M $141MBurial 4/1/2019 14 20 $34K $44K $1.8M $2.1M

A B C

Summary


FY19 Annual Report




Ingles12/7/10$2,975,000$765,00025.71%$170,000$170,000$170,000


GE5/14/13$2,680,000$536,00020.00%$268,000$0$268,000

GE - 20186/5/18$685,000$0.000.00%$228,333$0$228,333

Jacob Holm1/7/14$1,120,545$1,067,15695.24%$224,109$208,825$39,000

Linamar (2011)3/2/11$10,000,000$10,000,000100.00%$0$0$0

Linamar (2014)9/25/14$9,000,000$3,000,00033.33%$1,500,000$0$1,000,000

Avadim4/18/17$881,960$0.000.00%$0$0$0

Burial2/5/19$10,045$10,045100.00%$10,045$10,045$0



Ingles12/7/10$2,975,000$765,000$7,482,961$5,052,554$8,247,961


GE5/14/13$3,365,000$536,000$1,569,486$1,179,779$2,105,486

Jacob Holm1/7/14$1,120,545$1,067,156$1,661,775$2,357,931$2,728,930

Linamar3/2/11$19,000,000$13,000,000($8,762,331)$2,375,481$4,237,669

Burial2/5/19$10,045$10,045$35,488$24,717$45,533

Notes:





Ingles160160$41K$55K$85M$129.6M$676,560$1,101,837


GE 1183130$45K$63K$230M$43.8M$178,947$323,885

Jacob Holm6657$46K$46.5K$45.9M$79.0M$482,324$564,383

Linamar 1800300$39K$51K$315M$141M$362,060$661,052

Burial1420$34K$44K$1.8M$2.1M$9,670$17,751

Notes:




For Presentation


Ingles12/7/10$2,975,000$765,00025.71%$170,000$170,000$170,000


GE5/14/13$2,680,000$536,00020.00%$268,000$0$268,000

GE - 20186/5/18$685,000$0.000.00%$228,333$0$228,333

Jacob Holm1/7/14$1,120,545$1,067,15695.24%$224,109$208,825$39,000


Avadim4/18/17$881,960$0.000.00%$0$0$0

Burial2/5/19$10,045$10,045100.00%$10,045$10,045$0


Ingles7/1/21160160$41K$55K$85M$129.6M


GE 112/31/21183130$45K$63K$230M$43.8M

Jacob Holm4/30/196657$46K$46.5K$45.9M$79.0M

Linamar 112/31/24800300$39K$51K$315M$141M

Burial4/1/191420$34K$44K$1.8M$2.1M

GE



2011

BPP 783646401 & 601 SCIP27,450,460.00186,755.47144,114.92115,291.93259,406.85Total

4738394,393,200.0023,064.3018,451.4441,515.74Total

167,179.22Buncombe

2012

BPP 779051401 & 601 SCIP26,280,650.00492,315.84137,973.41110,378.73248,352.14Total

5750644,393,200.0016,447.8023,064.3018,451.4441,515.74Total

161,037.71Buncombe

2013

BPP 775537401 & 601 SCIP24,180,750.00615,181.20146,051.73111,231.45257,283.18Total

3469023,739,700.0024,418.3922,587.7917,202.6239,790.41Total

168,639.52Buncombe

2014

BPP 798431401 & 601 SCIP23,535,349.00186,755.47142,153.51108,272.61250,426.12Total

7075823,739,700.004,492.2622,587.7917,202.6239,790.41Total

164,741.30Buncombe

2015

BPP 3012778502 SCIP14,737,157.00492,315.8489,012.4370,001.50159,013.93Total

BPP 798431401 & 601 SCIP20,518,188.0016,447.80123,929.8697,471.39221,401.25Total

7075823,821,100.0074,519.6423,079.4418,150.2341,229.67Total

236,021.73Buncombe

2016

BPP 3012778502 SCIP16,351,137.0098,760.8777,667.90176,428.77Total

BPP 798431401 & 601 SCIP17,523,204.00105,840.1583,265.22189,105.37Total

7075823,906,200.0023,593.4518,554.4542,147.90Total

228,194.47Buncombe

2017

BPP 3012778502 SCIP13,395,560.0072,202.0757,453.56129,655.63Total

BPP 798431401 & 601 SCIP19,972,156.00107,649.9285,690.58193,340.50Total

7075824,338,100.0023,382.3618,606.1141,988.47Total

203,234.35Buncombe

2018

BPP 301277812,391,436.0065,550.7053,146.87118,697.57Total

BPP 79843115,592,002.0082,481.6966,904.10149,385.79Total

7075824,338,100.0022,948.5518,606.1141,554.66Total

170,980.94Buncombe

2,109,649.71- 0- 0

2018 Audit

BPP 30127782018-2018 Disc23,346.00123.50100.13

BPP 30127782018-2016 Disc514,204.003,105.792,442.47

BPP 30127782018-2015 Disc122,756.00756.28594.75

BPP 7984312018-2018 Disc93,715.00505.67409.98

BPP 7984312018-2017 Disc120,707.00663.62528.06

BPP 7984312018-2016 Disc144,179.00888.26698.55

BPP 7984312018-2015 Disc162,248.00999.58786.09

BPP 7984312018-2014 Disc91,459.00563.46429.12

BPP 7984312018-2013 Disc62,049.00360.12291.14

Total since 20111,507,995.521,188,281.152,696,276.67

Total since 20131,179,778.59925,707.612,105,486.20

2018 Total178,947.22323,884.59

New Belgium

New Belgium


2013

43850891 Craven5,649,500.0068,584.941,371.7034,805.4526,507.458,643.74

2014

71596991 Craven5,649,500.0068,584.9334,122.9825,987.708,474.25

2015

BPP 301607291 Craven446,899.005,492.392,699.272,122.77670.35

301030191 Craven35,500,000.00436,295.00214,420.00168,625.0053,250.00

3009994144 Jacob Holm11,734,600.0081,438.1270,876.9810,561.14

2016

BPP 3020506145 Jacob Holm121,084.00840.33731.35108.98

BPP 301607291 Craven38,308,131.00470,806.93231,381.11181,963.6257,462.20

301030191 Craven57,000,000.00700,530.00344,280.00270,750.0085,500.00

3009994144 Jacob Holm11,734,600.0081,438.1270,876.9810,561.14

2017

BPP 3020506145 Jacob Holm163,704.001,029.69882.36147.33

BPP 301607291 Craven39,818,925.00433,190.09214,624.01170,783.3747,782.71

301030191 Craven64,800,000.00704,959.20349,272.00277,927.2077,760.00

3009994144 Jacob Holm15,180,700.0095,486.6081,823.9713,662.63

2018

BPP 3020506145 Jacob Holm264,108.001,634.831,397.13237.70

BPP 301607291 Craven40,678,036.00438,468.55215,186.81174,468.1048,813.64

301030191 Craven64,800,000.00698,479.20342,792.00277,927.2077,760.00

3009994144 Jacob Holm15,180,700.0093,968.5380,305.9013,662.63

Totals4,381,227.451,371.70- 02,290,478.301,577,062.41466,116.8948,941.554,382,599.15

Tax Year 2018639,681.841,232,551.11

Linamar

Linamar


2012

BPP 777581274,200.002,591.191,439.551,151.64

2013

BPP 78480450,542,780.00537,775.1810,755.51311,383.96237,146.73

5811859,850,200.00104,806.132,096.1260,685.1146,217.14

2014

BPP 79688649,931,977.00531,276.23301,589.14229,687.09

7371289,850,200.00104,806.1359,495.2145,310.92

2015

BPP 79688647,087,173.00508,070.5950,807.06284,406.52223,664.07

7371289,850,200.00106,283.6659,495.2146,788.45

2016

BPP 79688680,227,551.00865,655.28484,574.41381,080.87

7371289,850,200.00106,283.6659,495.2146,788.45

2017

BPP 79688663,215,106.00611,859.01340,729.42271,129.59

7371289,300,000.0090,014.7050,127.0039,887.70

2018

BPP 79688657,143,675.00547,379.26302,290.04245,089.22

7371289,300,000.0089,084.7049,197.0039,887.70

2018 Audit

BPP 7968862018-2018 Disc528,446.005,061.98111.36506.202,851.392,311.83

BPP 7968862018-2017 Disc507,901.004,915.98117.98983.202,792.342,221.95

BPP 7968862018-2016 Disc235,808.002,544.3766.16763.311,452.771,142.49

BPP 7968862018-2015 Disc226,701.002,446.1068.49978.441,396.661,098.37

BPP 7968862018-2014 Disc192,591.002,049.1761.481,024.581,186.52903.64

BPP 7968862018-2013 Disc144,986.001,542.6649.37925.59893.24680.28

4,224,445.9813,326.4755,988.382,375,480.701,862,188.134,237,668.83

2018 Total362,059.96661051.6

Jacob Holm



2014

BPP 799804826,910,010.00186,755.47162,536.4624,219.01

715782647,300.004,492.263,909.69582.57

7072579,205,900.0063,888.9555,603.648,285.31222,049.79

2015

BPP 79904870,938,882.00492,315.84428,470.8563,844.99

7157822,370,000.0016,447.8014,314.802,133.00

70725710,737,700.0074,519.6464,855.719,663.93507,641.36

2016

BPP 79904888,642,824.00615,181.20535,402.6679,778.54

7157823,518,500.0024,418.3921,251.743,166.65

70725710,375,700.0072,007.3662,669.239,338.13619,323.63

2017

BPP 79904882,322,606.00517,809.20443,718.8574,090.35

7157824,587,200.0028,853.4924,725.014,128.48

70725710,788,200.0067,857.7858,148.409,709.38526,592.26

2018

BPP 79904875,801,193.00400,988.3168,221.07

7157824,587,200.0024,266.294,128.48

70725710,788,200.0057,069.589,709.38482,324.18

2,164,547.38- 0- 02,357,931.22- 0370,999.272,728,930.49

2018 Total482,324.18564,383.11

222049.79

507641.36

619323.63

526592.26

482324.18

Ingles


Hwy 70 Warehouse

Parcel 060911757700000

Parcel 060942411900000


Tax Year 2011


3470576091175770000018,504,400.0097,148.1067,541.06

778342WH Business PP27,734,910.00145,608.28101,232.42

434270609424119000003,220,200.0016,906.0511,753.73

Tax Year 2012


5356766091175770000018,504,400.0097,148.1067,541.06

779601WH Business PP27,420,970.00143,960.09100,086.543,635.00

3070566094241190000027,557,100.00144,674.78100,583.42

Tax Year 2013


4851966091175770000014,576,700.0088,043.2754,662.63

779832WH Business PP31,905,750.00192,710.73119,646.564,045.00

5512486094241190000075,544,800.00456,290.59283,293.00

7915973049 Business PP16,399,460.0099,052.7461,497.98

Tax Year 2014


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP17,452,127.00105,410.8565,445.48

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP15,612,431.0094,299.0858,546.62

Tax Year 2015


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP17,607,828.00106,351.2866,029.36

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP14,175,108.0085,617.6553,156.66

7986813049 BPP Disc60,973.00368.28228.6536.8322.86

Tax Year 2016


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP18,687,873.00112,874.7570,079.52

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP13,256,220.0080,067.5749,710.83

7986813049 BPP Disc149,249.00901.46558.6890.1555.97

Tax Year 2017


7436476091175770000013,932,900.0075,098.3346,326.89

800908WH Business PP23,463,720.00126,469.4578,016.87

7151616094241190000075,850,500.00408,834.20252,202.91

7986813049 Business PP12,041,302.0064,902.6240,037.33

7986813049 BPP Disc42,103.00254.30157.8925.4315.79

Tax Year 2018


7436476091175770000013,932,900.0073,705.0446,326.89

800908WH Business PP26,247,298.00138,848.2187,272.27

7151616094241190000075,850,500.00401,249.15252,202.91

7986813049 Business PP118,273,010.0062,566.4239,325.78

7986813049 BPP Disc35,452.00191.09117.8819.1111.79

Totals5,052,554.043,187,448.717,680.00171.52106.418,247,960.68

Tax Year 2018676,559.911,101,836.54

Burial

Burial Beer



2014

80248040 Collier BPP32,508.00196.35149.5448.76

196.35

2015

80248040 Collier BPP173,584.001,048.45824.52260.38

1,048.45

2016

709979964788351400000602,500.003,639.102,861.88

80248040 Collier BPP230,596.001,392.801,095.33345.89

5,031.90

2017

709979964788351400000613,500.003,306.772,631.30

80248040 Collier BPP224,723.001,211.26863.84269.67

302422616 Shady Oak BPP788,952.004,252.453,383.828,770.48

2018

709979964788351400000618,400.003,271.342,652.32

80248040 Collier BPP200,834.001,062.41861.38241.00

302422616 Shady Oak BPP1,008,724.005,336.154,326.429,669.90

24,717.0819,650.351,165.7045,533.13

2018 Total9,669.9017,751.02

AVL



BPP799194



BPP798320




2016

Bldg 7448382,827,700.0028,531.5017079.318,624.492,827.70

Land 678269724,500.007,310.214,375.982,209.73724.50

A V L BPP 7991942,848,306.0028,739.4117,203.778,687.332,848.31

Alt BPP 798320527,504.005,322.513,186.121,608.89527.50

2017

AVL BPP 302436926,587.00244.3324.43143.3074.4426.59

A V L BPP 7991942,866,647.0026,344.4915,451.238,026.612,866.65

Alt BPP 798320436,785.004,014.062,354.271,223.00436.79

Bldg 7448383,013,400.0027,693.1516,242.238,437.523,013.40

Land 6782691,049,400.009,643.995,656.272,938.321,049.40

2018

AVL BPP 302436928,798.00261.77152.3480.6328.80

A V L BPP 7991942,765,291.0025,136.4914,628.397,742.812,765.29

Alt BPP 798320343,649.003,123.771,817.90962.22343.65

Bldg 7448383,013,400.0027,391.8115,940.898,437.523,013.40

Land 6782691,049,400.009,539.055,551.332,938.321,049.40

203,296.54- 024.43119,783.3361,991.8321,521.38

Active EDAs: Tax Revenue Summary

27

Notes:1. FY19 confirmation has not been completed at this time.2. This is the FY18 total (including discovery and/or audit amounts). This is not a cumulative amount. 3. This is the total collected amount including county taxes, municipal taxes, fire taxes, etc.

Active projects will create 1,500+ jobs, $850M+ in capital investment and estimated $2.3M+ in annual property tax revenue.

CompanyPublic Hearing

(Initial)Cumulative Tax

Collections (Buncombe) 1Cumulative Tax

Collections (Total) 2

Ingles 12/7/2010 $5,052,554 $8,247,961 New Belgium Brewing 8/7/2012 $2,290,478 $4,382,599 GE 5/14/2013 $1,179,779 $2,105,486 Jacob Holm 1/7/2014 $2,357,931 $2,728,930 Linamar 3/2/2011 $2,375,481 $4,237,669 Burial 2/5/2019 $24,717 $45,533 Total $13,280,940 $21,748,178

Summary


FY19 Annual Report




Ingles12/7/10$2,975,000$765,00025.71%$170,000$170,000$170,000


GE - 20135/14/13$2,680,000$536,00020.00%$268,000$0$268,000

GE - 20186/5/18$685,000$0.000.00%$228,333$0$228,333

Jacob Holm1/7/14$1,120,545$1,067,15695.24%$224,109$208,825$39,000

Linamar (2011)3/2/11$10,000,000$10,000,000100.00%$0$0$0

Linamar (2014)9/25/14$9,000,000$3,000,00033.33%$1,500,000$0$1,000,000

Avadim4/18/17$881,960$0.000.00%$0$0$0

Burial2/5/19$10,045$10,045100.00%$10,045$10,045$0


CompanyPublic Hearing (Initial)Total EDATotal DisbursedFinancial Impact as of TodayCumulative Tax Collections (Buncombe) 1Cumulative Tax Collections (Total) 2Assessed Property Value

Ingles12/7/10$2,975,000$765,000$7,482,961$5,052,554$8,247,961$234,339,160

New Belgium Brewing8/7/12$8,450,000$1,300,000$3,082,599$2,290,478$4,382,599$120,922,844

GE5/14/13$3,365,000$536,000$1,569,486$1,179,779$2,105,486$32,321,538

Jacob Holm1/7/14$1,120,545$1,067,156$1,661,775$2,357,931$2,728,930$91,176,593

Linamar3/2/11$19,000,000$13,000,000($8,762,331)$2,375,481$4,237,669$68,280,108

Burial2/5/19$10,045$10,045$35,488$24,717$45,533$1,827,958

Total$13,280,940$21,748,178

Notes:





Ingles160160$41K$55K$85M$129.6M$676,560$1,101,837


GE 1183130$45K$63K$230M$43.8M$178,947$323,885

Jacob Holm6657$46K$46.5K$45.9M$79.0M$482,324$564,383

Linamar 1800300$39K$51K$315M$141M$362,060$661,052

Burial1420$34K$44K$1.8M$2.1M$9,670$17,751

Notes:




For Presentation


Ingles12/7/10$2,975,000$765,00025.71%$170,000$170,000$170,000


GE - 20135/14/13$2,680,000$536,00020.00%$268,000$0$268,000

GE - 20186/5/18$685,000$0.000.00%$228,333$0$228,333

Jacob Holm1/7/14$1,120,545$1,067,15695.24%$224,109$208,825$39,000


Avadim4/18/17$881,960$0.000.00%$0$0$0

Burial2/5/19$10,045$10,045100.00%$10,045$10,045$0


Ingles7/1/21160160$41K$55K$85M$129.6M


GE 112/31/21183130$45K$63K$230M$43.8M

Jacob Holm4/30/196657$46K$46.5K$45.9M$79.0M

Linamar 112/31/24800300$39K$51K$315M$141M

Burial4/1/191420$34K$44K$1.8M$2.1M

GE



2011

BPP 783646401 & 601 SCIP27,450,460.00186,755.47144,114.92115,291.93259,406.85Total

4738394,393,200.0023,064.3018,451.4441,515.74Total

167,179.22Buncombe

2012

BPP 779051401 & 601 SCIP26,280,650.00492,315.84137,973.41110,378.73248,352.14Total

5750644,393,200.0016,447.8023,064.3018,451.4441,515.74Total

161,037.71Buncombe

2013

BPP 775537401 & 601 SCIP24,180,750.00615,181.20146,051.73111,231.45257,283.18Total

3469023,739,700.0024,418.3922,587.7917,202.6239,790.41Total

168,639.52Buncombe

2014

BPP 798431401 & 601 SCIP23,535,349.00186,755.47142,153.51108,272.61250,426.12Total

7075823,739,700.004,492.2622,587.7917,202.6239,790.41Total

164,741.30Buncombe

2015

BPP 3012778502 SCIP14,737,157.00492,315.8489,012.4370,001.50159,013.93Total

BPP 798431401 & 601 SCIP20,518,188.0016,447.80123,929.8697,471.39221,401.25Total

7075823,821,100.0074,519.6423,079.4418,150.2341,229.67Total

236,021.73Buncombe

2016

BPP 3012778502 SCIP16,351,137.0098,760.8777,667.90176,428.77Total

BPP 798431401 & 601 SCIP17,523,204.00105,840.1583,265.22189,105.37Total

7075823,906,200.0023,593.4518,554.4542,147.90Total

228,194.47Buncombe

2017

BPP 3012778502 SCIP13,395,560.0072,202.0757,453.56129,655.63Total

BPP 798431401 & 601 SCIP19,972,156.00107,649.9285,690.58193,340.50Total

7075824,338,100.0023,382.3618,606.1141,988.47Total

203,234.35Buncombe

2018

BPP 301277812,391,436.0065,550.7053,146.87118,697.57Total

BPP 79843115,592,002.0082,481.6966,904.10149,385.79Total

7075824,338,100.0022,948.5518,606.1141,554.66Total

32,321,538.00170,980.94Buncombe

2,109,649.71- 0- 0

2018 Audit

BPP 30127782018-2018 Disc23,346.00123.50100.13

BPP 30127782018-2016 Disc514,204.003,105.792,442.47

BPP 30127782018-2015 Disc122,756.00756.28594.75

BPP 7984312018-2018 Disc93,715.00505.67409.98

BPP 7984312018-2017 Disc120,707.00663.62528.06

BPP 7984312018-2016 Disc144,179.00888.26698.55

BPP 7984312018-2015 Disc162,248.00999.58786.09

BPP 7984312018-2014 Disc91,459.00563.46429.12

BPP 7984312018-2013 Disc62,049.00360.12291.14

Total since 20111,507,995.521,188,281.152,696,276.67

Total since 20131,179,778.59925,707.612,105,486.20

2018 Total178,947.22323,884.59

New Belgium

New Belgium


2013

43850891 Craven5,649,500.0068,584.941,371.7034,805.4526,507.458,643.74

2014

71596991 Craven5,649,500.0068,584.9334,122.9825,987.708,474.25

2015

BPP 301607291 Craven446,899.005,492.392,699.272,122.77670.35

301030191 Craven35,500,000.00436,295.00214,420.00168,625.0053,250.00

3009994144 Jacob Holm11,734,600.0081,438.1270,876.9810,561.14

2016

BPP 3020506145 Jacob Holm121,084.00840.33731.35108.98

BPP 301607291 Craven38,308,131.00470,806.93231,381.11181,963.6257,462.20

301030191 Craven57,000,000.00700,530.00344,280.00270,750.0085,500.00

3009994144 Jacob Holm11,734,600.0081,438.1270,876.9810,561.14

2017

BPP 3020506145 Jacob Holm163,704.001,029.69882.36147.33

BPP 301607291 Craven39,818,925.00433,190.09214,624.01170,783.3747,782.71

301030191 Craven64,800,000.00704,959.20349,272.00277,927.2077,760.00

3009994144 Jacob Holm15,180,700.0095,486.6081,823.9713,662.63

2018

BPP 3020506145 Jacob Holm264,108.001,634.831,397.13237.70

BPP 301607291 Craven40,678,036.00438,468.55215,186.81174,468.1048,813.64

301030191 Craven64,800,000.00698,479.20342,792.00277,927.2077,760.00

3009994144 Jacob Holm15,180,700.0093,968.5380,305.9013,662.63

120,922,844.00

Totals4,381,227.451,371.70- 02,290,478.301,577,062.41466,116.8948,941.554,382,599.15

Tax Year 2018639,681.841,232,551.11

Linamar

Linamar


2012

BPP 777581274,200.002,591.191,439.551,151.64

2013

BPP 78480450,542,780.00537,775.1810,755.51311,383.96237,146.73

5811859,850,200.00104,806.132,096.1260,685.1146,217.14

2014

BPP 79688649,931,977.00531,276.23301,589.14229,687.09

7371289,850,200.00104,806.1359,495.2145,310.92

2015

BPP 79688647,087,173.00508,070.5950,807.06284,406.52223,664.07

7371289,850,200.00106,283.6659,495.2146,788.45

2016

BPP 79688680,227,551.00865,655.28484,574.41381,080.87

7371289,850,200.00106,283.6659,495.2146,788.45

2017

BPP 79688663,215,106.00611,859.01340,729.42271,129.59

7371289,300,000.0090,014.7050,127.0039,887.70

2018

BPP 79688657,143,675.00547,379.26302,290.04245,089.22

7371289,300,000.0089,084.7049,197.0039,887.70

2018 Audit

BPP 7968862018-2018 Disc528,446.005,061.98111.36506.202,851.392,311.83

BPP 7968862018-2017 Disc507,901.004,915.98117.98983.202,792.342,221.95

BPP 7968862018-2016 Disc235,808.002,544.3766.16763.311,452.771,142.49

BPP 7968862018-2015 Disc226,701.002,446.1068.49978.441,396.661,098.37

BPP 7968862018-2014 Disc192,591.002,049.1761.481,024.581,186.52903.64

BPP 7968862018-2013 Disc144,986.001,542.6649.37925.59893.24680.28

68,280,108.00

4,224,445.9813,326.4755,988.382,375,480.701,862,188.134,237,668.83

2018 Total362,059.96661051.6

Jacob Holm



2014

BPP 799804826,910,010.00186,755.47162,536.4624,219.01

715782647,300.004,492.263,909.69582.57

7072579,205,900.0063,888.9555,603.648,285.31222,049.79

2015

BPP 79904870,938,882.00492,315.84428,470.8563,844.99

7157822,370,000.0016,447.8014,314.802,133.00

70725710,737,700.0074,519.6464,855.719,663.93507,641.36

2016

BPP 79904888,642,824.00615,181.20535,402.6679,778.54

7157823,518,500.0024,418.3921,251.743,166.65

70725710,375,700.0072,007.3662,669.239,338.13619,323.63

2017

BPP 79904882,322,606.00517,809.20443,718.8574,090.35

7157824,587,200.0028,853.4924,725.014,128.48

70725710,788,200.0067,857.7858,148.409,709.38526,592.26

2018

BPP 79904875,801,193.00400,988.3168,221.07

7157824,587,200.0024,266.294,128.48

70725710,788,200.0057,069.589,709.38482,324.18

91,176,593.002,164,547.38- 0- 02,357,931.22- 0370,999.272,728,930.49

2018 Total482,324.18564,383.11

222049.79

507641.36

619323.63

526592.26

482324.18

Ingles


Hwy 70 Warehouse

Parcel 060911757700000

Parcel 060942411900000


Tax Year 2011


3470576091175770000018,504,400.0097,148.1067,541.06

778342WH Business PP27,734,910.00145,608.28101,232.42

434270609424119000003,220,200.0016,906.0511,753.73

Tax Year 2012


5356766091175770000018,504,400.0097,148.1067,541.06

779601WH Business PP27,420,970.00143,960.09100,086.543,635.00

3070566094241190000027,557,100.00144,674.78100,583.42

Tax Year 2013


4851966091175770000014,576,700.0088,043.2754,662.63

779832WH Business PP31,905,750.00192,710.73119,646.564,045.00

5512486094241190000075,544,800.00456,290.59283,293.00

7915973049 Business PP16,399,460.0099,052.7461,497.98

Tax Year 2014


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP17,452,127.00105,410.8565,445.48

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP15,612,431.0094,299.0858,546.62

Tax Year 2015


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP17,607,828.00106,351.2866,029.36

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP14,175,108.0085,617.6553,156.66

7986813049 BPP Disc60,973.00368.28228.6536.8322.86

Tax Year 2016


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP18,687,873.00112,874.7570,079.52

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP13,256,220.0080,067.5749,710.83

7986813049 BPP Disc149,249.00901.46558.6890.1555.97

Tax Year 2017


7436476091175770000013,932,900.0075,098.3346,326.89

800908WH Business PP23,463,720.00126,469.4578,016.87

7151616094241190000075,850,500.00408,834.20252,202.91

7986813049 Business PP12,041,302.0064,902.6240,037.33

7986813049 BPP Disc42,103.00254.30157.8925.4315.79

Tax Year 2018


7436476091175770000013,932,900.0073,705.0446,326.89

800908WH Business PP26,247,298.00138,848.2187,272.27

7151616094241190000075,850,500.00401,249.15252,202.91

7986813049 Business PP118,273,010.0062,566.4239,325.78

7986813049 BPP Disc35,452.00191.09117.8819.1111.79

234,339,160.00

Totals5,052,554.043,187,448.717,680.00171.52106.418,247,960.68

Tax Year 2018676,559.911,101,836.54

Burial

Burial Beer



2014

80248040 Collier BPP32,508.00196.35149.5448.76

196.35

2015

80248040 Collier BPP173,584.001,048.45824.52260.38

1,048.45

2016

709979964788351400000602,500.003,639.102,861.88

80248040 Collier BPP230,596.001,392.801,095.33345.89

5,031.90

2017

709979964788351400000613,500.003,306.772,631.30

80248040 Collier BPP224,723.001,211.26863.84269.67

302422616 Shady Oak BPP788,952.004,252.453,383.828,770.48

2018

709979964788351400000618,400.003,271.342,652.32

80248040 Collier BPP200,834.001,062.41861.38241.00

302422616 Shady Oak BPP1,008,724.005,336.154,326.429,669.90

1,827,958.0024,717.0819,650.351,165.7045,533.13

2018 Total9,669.9017,751.02

AVL



BPP799194



BPP798320




2016

Bldg 7448382,827,700.0028,531.5017079.318,624.492,827.70

Land 678269724,500.007,310.214,375.982,209.73724.50

A V L BPP 7991942,848,306.0028,739.4117,203.778,687.332,848.31

Alt BPP 798320527,504.005,322.513,186.121,608.89527.50

2017

AVL BPP 302436926,587.00244.3324.43143.3074.4426.59

A V L BPP 7991942,866,647.0026,344.4915,451.238,026.612,866.65

Alt BPP 798320436,785.004,014.062,354.271,223.00436.79

Bldg 7448383,013,400.0027,693.1516,242.238,437.523,013.40

Land 6782691,049,400.009,643.995,656.272,938.321,049.40

2018

AVL BPP 302436928,798.00261.77152.3480.6328.80

A V L BPP 7991942,765,291.0025,136.4914,628.397,742.812,765.29

Alt BPP 798320343,649.003,123.771,817.90962.22343.65

Bldg 7448383,013,400.0027,391.8115,940.898,437.523,013.40

Land 6782691,049,400.009,539.055,551.332,938.321,049.40

203,296.54- 024.43119,783.3361,991.8321,521.38

What’s Next?

Moving Forward in FY20• Economic Diversification

• Growth in aero/auto/medical device manufacturing

• Corporate HQs

• Capacity Development• Future industrial sites/corridors• Workforce development

• Continued Recruitment• Enka Commerce Park• Black Mountain Commerce Park• Recreational Tourism

• Small Business Development• Mountain Community Capital

Fund• Venture Asheville

Appendix

Wage Comparisons

Area Name Occupation IndustryMean -

Estimated Hourly wage (BLS)

Median -Estimated Hourly

wage (BLS)

Estimated Living Wage (Just Economics)

IncentivizedWage (BC Policy)

Buncombe County

Total All occupations

Total, All Industries

$20.27($42,161)

$15.75($32,760)

$13.65($28,392)

$20.93($45,534)

31

Description Estimated Employment Mean Hourly Wage Median Hourly WageLaborers and Freight, Stock, and Material Movers, Hand 3,380 $13.65 $12.86Heavy and Tractor-Trailer Truck Drivers 1,840 $20.62 $19.98Light Truck or Delivery Service Drivers 1,280 $17.17 $15.14Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers 1,030 $15.97 $15.68Packers and Packagers, Hand 840 $11.01 $9.79Industrial Truck and Tractor Operators 690 $16.48 $16.51First-Line Supervisors of Mechanics, Installers, and Repairers 680 $30.89 $29.26Packaging and Filling Machine Operators and Tenders 630 $13.54 $12.11First-line Supervisors of Transportation and Material Moving Workers, Except Aircraft Cargo Handling Supervisors 510 $25.13 $23.29Industrial Machinery Mechanics 480 $23.92 $25.24Sewing Machine Operators 250 $12.54 $11.89Mechanical Engineers 240 $37.92 $37.89Adhesive Bonding Machine Operators and Tenders 70 $19.94 $21.24Mechanical Drafters 60 $27.56 $28.32Mechanical Engineering Technicians 50 $23.59 $24.96

All Buncombe County Occupations and Industries

Select Manufacturing Occupations

Sources: U.S. Bureau of Labor Statistics, EMSI

Active EDAs: FY19 Disbursement Summary

32

Company FY19 Budgeted FY19 Disbursed FY20 BudgetedIngles $170,000 $170,000 $170,000 New Belgium Brewing $650,000 $650,000 $650,000 GE $268,000 $0 $268,000 GE - 2018 $228,333 $0 $228,333 Jacob Holm $224,109 $208,825 $39,000 Linamar (2011) $0 $0 $0 Linamar (2014) $1,500,000 $0 $1,000,000 Avadim $0 $0 $0 Burial $10,045 $10,045 $0

Summary


FY19 Annual Report




Ingles12/7/10$2,975,000$765,00025.71%$170,000$170,000$170,000


GE5/14/13$2,680,000$536,00020.00%$268,000$0$268,000

GE - 20186/5/18$685,000$0.000.00%$228,333$0$228,333

Jacob Holm1/7/14$1,120,545$1,067,15695.24%$224,109$208,825$39,000

Linamar (2011)3/2/11$10,000,000$10,000,000100.00%$0$0$0

Linamar (2014)9/25/14$9,000,000$3,000,00033.33%$1,500,000$0$1,000,000

Avadim4/18/17$881,960$0.000.00%$0$0$0

Burial2/5/19$10,045$10,045100.00%$10,045$10,045$0



Ingles12/7/10$2,975,000$765,000$7,482,961$5,052,554$8,247,961


GE5/14/13$3,365,000$536,000$1,569,486$1,179,779$2,105,486

Jacob Holm1/7/14$1,120,545$1,067,156$1,661,775$2,357,931$2,728,930

Linamar3/2/11$19,000,000$13,000,000($8,762,331)$2,375,481$4,237,669

Burial2/5/19$10,045$10,045$35,488$24,717$45,533

Notes:




CompanyJob (Goal)Job (Actual)Average Wage (Goal)Average Wage (Actual)Capital Investment (Goal)Capital Investment (Actual)2018 Tax Revenue (Buncombe) 22018 Tax Revenue (Total) 3

Ingles160160$41K$55K$85M$129.6M$676,560$1,101,837


GE 1183130$45K$63K$230M$43.8M$178,947$323,885

Jacob Holm6657$46K$46.5K$45.9M$79.0M$482,324$564,383

Linamar 1800300$39K$51K$315M$141M$362,060$661,052

Burial1420$34K$44K$1.8M$2.1M$9,670$17,751

Notes:




GE



2011

BPP 783646401 & 601 SCIP27,450,460.00186,755.47144,114.92115,291.93259,406.85Total

4738394,393,200.0023,064.3018,451.4441,515.74Total

167,179.22Buncombe

2012

BPP 779051401 & 601 SCIP26,280,650.00492,315.84137,973.41110,378.73248,352.14Total

5750644,393,200.0016,447.8023,064.3018,451.4441,515.74Total

161,037.71Buncombe

2013

BPP 775537401 & 601 SCIP24,180,750.00615,181.20146,051.73111,231.45257,283.18Total

3469023,739,700.0024,418.3922,587.7917,202.6239,790.41Total

168,639.52Buncombe

2014

BPP 798431401 & 601 SCIP23,535,349.00186,755.47142,153.51108,272.61250,426.12Total

7075823,739,700.004,492.2622,587.7917,202.6239,790.41Total

164,741.30Buncombe

2015

BPP 3012778502 SCIP14,737,157.00492,315.8489,012.4370,001.50159,013.93Total

BPP 798431401 & 601 SCIP20,518,188.0016,447.80123,929.8697,471.39221,401.25Total

7075823,821,100.0074,519.6423,079.4418,150.2341,229.67Total

236,021.73Buncombe

2016

BPP 3012778502 SCIP16,351,137.0098,760.8777,667.90176,428.77Total

BPP 798431401 & 601 SCIP17,523,204.00105,840.1583,265.22189,105.37Total

7075823,906,200.0023,593.4518,554.4542,147.90Total

228,194.47Buncombe

2017

BPP 3012778502 SCIP13,395,560.0072,202.0757,453.56129,655.63Total

BPP 798431401 & 601 SCIP19,972,156.00107,649.9285,690.58193,340.50Total

7075824,338,100.0023,382.3618,606.1141,988.47Total

203,234.35Buncombe

2018

BPP 301277812,391,436.0065,550.7053,146.87118,697.57Total

BPP 79843115,592,002.0082,481.6966,904.10149,385.79Total

7075824,338,100.0022,948.5518,606.1141,554.66Total

170,980.94Buncombe

2,109,649.71- 0- 0

2018 Audit

BPP 30127782018-2018 Disc23,346.00123.50100.13

BPP 30127782018-2016 Disc514,204.003,105.792,442.47

BPP 30127782018-2015 Disc122,756.00756.28594.75

BPP 7984312018-2018 Disc93,715.00505.67409.98

BPP 7984312018-2017 Disc120,707.00663.62528.06

BPP 7984312018-2016 Disc144,179.00888.26698.55

BPP 7984312018-2015 Disc162,248.00999.58786.09

BPP 7984312018-2014 Disc91,459.00563.46429.12

BPP 7984312018-2013 Disc62,049.00360.12291.14

Total since 20111,507,995.521,188,281.152,696,276.67

Total since 20131,179,778.59925,707.612,105,486.20

2018 Total178,947.22323,884.59

New Belgium

New Belgium


2013

43850891 Craven5,649,500.0068,584.941,371.7034,805.4526,507.458,643.74

2014

71596991 Craven5,649,500.0068,584.9334,122.9825,987.708,474.25

2015

BPP 301607291 Craven446,899.005,492.392,699.272,122.77670.35

301030191 Craven35,500,000.00436,295.00214,420.00168,625.0053,250.00

3009994144 Jacob Holm11,734,600.0081,438.1270,876.9810,561.14

2016

BPP 3020506145 Jacob Holm121,084.00840.33731.35108.98

BPP 301607291 Craven38,308,131.00470,806.93231,381.11181,963.6257,462.20

301030191 Craven57,000,000.00700,530.00344,280.00270,750.0085,500.00

3009994144 Jacob Holm11,734,600.0081,438.1270,876.9810,561.14

2017

BPP 3020506145 Jacob Holm163,704.001,029.69882.36147.33

BPP 301607291 Craven39,818,925.00433,190.09214,624.01170,783.3747,782.71

301030191 Craven64,800,000.00704,959.20349,272.00277,927.2077,760.00

3009994144 Jacob Holm15,180,700.0095,486.6081,823.9713,662.63

2018

BPP 3020506145 Jacob Holm264,108.001,634.831,397.13237.70

BPP 301607291 Craven40,678,036.00438,468.55215,186.81174,468.1048,813.64

301030191 Craven64,800,000.00698,479.20342,792.00277,927.2077,760.00

3009994144 Jacob Holm15,180,700.0093,968.5380,305.9013,662.63

Totals4,381,227.451,371.70- 02,290,478.301,577,062.41466,116.8948,941.554,382,599.15

Tax Year 2018639,681.841,232,551.11

Linamar

Linamar


2012

BPP 777581274,200.002,591.191,439.551,151.64

2013

BPP 78480450,542,780.00537,775.1810,755.51311,383.96237,146.73

5811859,850,200.00104,806.132,096.1260,685.1146,217.14

2014

BPP 79688649,931,977.00531,276.23301,589.14229,687.09

7371289,850,200.00104,806.1359,495.2145,310.92

2015

BPP 79688647,087,173.00508,070.5950,807.06284,406.52223,664.07

7371289,850,200.00106,283.6659,495.2146,788.45

2016

BPP 79688680,227,551.00865,655.28484,574.41381,080.87

7371289,850,200.00106,283.6659,495.2146,788.45

2017

BPP 79688663,215,106.00611,859.01340,729.42271,129.59

7371289,300,000.0090,014.7050,127.0039,887.70

2018

BPP 79688657,143,675.00547,379.26302,290.04245,089.22

7371289,300,000.0089,084.7049,197.0039,887.70

2018 Audit

BPP 7968862018-2018 Disc528,446.005,061.98111.36506.202,851.392,311.83

BPP 7968862018-2017 Disc507,901.004,915.98117.98983.202,792.342,221.95

BPP 7968862018-2016 Disc235,808.002,544.3766.16763.311,452.771,142.49

BPP 7968862018-2015 Disc226,701.002,446.1068.49978.441,396.661,098.37

BPP 7968862018-2014 Disc192,591.002,049.1761.481,024.581,186.52903.64

BPP 7968862018-2013 Disc144,986.001,542.6649.37925.59893.24680.28

4,224,445.9813,326.4755,988.382,375,480.701,862,188.134,237,668.83

2018 Total362,059.96661051.6

Jacob Holm



2014

BPP 799804826,910,010.00186,755.47162,536.4624,219.01

715782647,300.004,492.263,909.69582.57

7072579,205,900.0063,888.9555,603.648,285.31222,049.79

2015

BPP 79904870,938,882.00492,315.84428,470.8563,844.99

7157822,370,000.0016,447.8014,314.802,133.00

70725710,737,700.0074,519.6464,855.719,663.93507,641.36

2016

BPP 79904888,642,824.00615,181.20535,402.6679,778.54

7157823,518,500.0024,418.3921,251.743,166.65

70725710,375,700.0072,007.3662,669.239,338.13619,323.63

2017

BPP 79904882,322,606.00517,809.20443,718.8574,090.35

7157824,587,200.0028,853.4924,725.014,128.48

70725710,788,200.0067,857.7858,148.409,709.38526,592.26

2018

BPP 79904875,801,193.00400,988.3168,221.07

7157824,587,200.0024,266.294,128.48

70725710,788,200.0057,069.589,709.38482,324.18

2,164,547.38- 0- 02,357,931.22- 0370,999.272,728,930.49

2018 Total482,324.18564,383.11

222049.79

507641.36

619323.63

526592.26

482324.18

Ingles


Hwy 70 Warehouse

Parcel 060911757700000

Parcel 060942411900000


Tax Year 2011


3470576091175770000018,504,400.0097,148.1067,541.06

778342WH Business PP27,734,910.00145,608.28101,232.42

434270609424119000003,220,200.0016,906.0511,753.73

Tax Year 2012


5356766091175770000018,504,400.0097,148.1067,541.06

779601WH Business PP27,420,970.00143,960.09100,086.543,635.00

3070566094241190000027,557,100.00144,674.78100,583.42

Tax Year 2013


4851966091175770000014,576,700.0088,043.2754,662.63

779832WH Business PP31,905,750.00192,710.73119,646.564,045.00

5512486094241190000075,544,800.00456,290.59283,293.00

7915973049 Business PP16,399,460.0099,052.7461,497.98

Tax Year 2014


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP17,452,127.00105,410.8565,445.48

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP15,612,431.0094,299.0858,546.62

Tax Year 2015


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP17,607,828.00106,351.2866,029.36

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP14,175,108.0085,617.6553,156.66

7986813049 BPP Disc60,973.00368.28228.6536.8322.86

Tax Year 2016


7436476091175770000014,576,700.0088,043.2754,662.63

800908WH Business PP18,687,873.00112,874.7570,079.52

7151616094241190000075,544,800.00456,290.59283,293.00

7986813049 Business PP13,256,220.0080,067.5749,710.83

7986813049 BPP Disc149,249.00901.46558.6890.1555.97

Tax Year 2017


7436476091175770000013,932,900.0075,098.3346,326.89

800908WH Business PP23,463,720.00126,469.4578,016.87

7151616094241190000075,850,500.00408,834.20252,202.91

7986813049 Business PP12,041,302.0064,902.6240,037.33

7986813049 BPP Disc42,103.00254.30157.8925.4315.79

Tax Year 2018


7436476091175770000013,932,900.0073,705.0446,326.89

800908WH Business PP26,247,298.00138,848.2187,272.27

7151616094241190000075,850,500.00401,249.15252,202.91

7986813049 Business PP118,273,010.0062,566.4239,325.78

7986813049 BPP Disc35,452.00191.09117.8819.1111.79

Totals5,052,554.043,187,448.717,680.00171.52106.418,247,960.68

Tax Year 2018676,559.911,101,836.54

Burial

Burial Beer



2014

80248040 Collier BPP32,508.00196.35149.5448.76

196.35

2015

80248040 Collier BPP173,584.001,048.45824.52260.38

1,048.45

2016

709979964788351400000602,500.003,639.102,861.88

80248040 Collier BPP230,596.001,392.801,095.33345.89

5,031.90

2017

709979964788351400000613,500.003,306.772,631.30

80248040 Collier BPP224,723.001,211.26863.84269.67

302422616 Shady Oak BPP788,952.004,252.453,383.828,770.48

2018

709979964788351400000618,400.003,271.342,652.32

80248040 Collier BPP200,834.001,062.41861.38241.00

302422616 Shady Oak BPP1,008,724.005,336.154,326.429,669.90

24,717.0819,650.351,165.7045,533.13

2018 Total9,669.9017,751.02

AVL



BPP799194



BPP798320




2016

Bldg 7448382,827,700.0028,531.5017079.318,624.492,827.70

Land 678269724,500.007,310.214,375.982,209.73724.50

A V L BPP 7991942,848,306.0028,739.4117,203.778,687.332,848.31

Alt BPP 798320527,504.005,322.513,186.121,608.89527.50

2017

AVL BPP 302436926,587.00244.3324.43143.3074.4426.59

A V L BPP 7991942,866,647.0026,344.4915,451.238,026.612,866.65

Alt BPP 798320436,785.004,014.062,354.271,223.00436.79

Bldg 7448383,013,400.0027,693.1516,242.238,437.523,013.40

Land 6782691,049,400.009,643.995,656.272,938.321,049.40

2018

AVL BPP 302436928,798.00261.77152.3480.6328.80

A V L BPP 7991942,765,291.0025,136.4914,628.397,742.812,765.29

Alt BPP 798320343,649.003,123.771,817.90962.22343.65

Bldg 7448383,013,400.0027,391.8115,940.898,437.523,013.40

Land 6782691,049,400.009,539.055,551.332,938.321,049.40

203,296.54- 024.43119,783.3361,991.8321,521.38

Economic Development UpdateAgendaEconomic Development �in Buncombe County25 Years of PartnershipEDC Board & GovernanceMission: Community ProsperityThe Buncombe County StrategyFY2019: Local Industry ExpansionFY2019: Local Industry ExpansionProgram Impact: MentorshipProgram Impact: Economic MobilityProgram Impact: Career ConnectionsFY2019: New Recruited IndustryFY2019: New Recruited IndustryProgram Impact: Infrastructure GrowthFY2019: ‘Venture Asheville’ Program Impact: Thriving Start-Ups FY2019: EDC Research OutcomesProgram Impact: Data-Driven Decisions FY2019 EDC OutcomesFY2015-19 Return on County InvestmentEconomic Development �Incentive ProgramEconomic Development Investment PolicyProjectsActive EDAs – Disbursement SummaryActive EDAs: FY19 Performance SummaryActive EDAs: Tax Revenue SummaryWhat’s Next?Moving Forward in FY20AppendixWage ComparisonsActive EDAs: FY19 Disbursement Summary

economic development update...2019/08/20 · • public events such as the metro economy outlook...

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