st paul's nc step presentation
TRANSCRIPT
NC STEP Leadership Team St. Paul’s NC
North Carolina’s Southeast Economic Development Partnership
CHARACTERISTICS OF A DYNAMIC REGION
1.12 M Population > 12% growth since 2000 > 545,000 In Workforce
“Our mission is to provide strong economic
development leadership in southeastern North Carolina through innovative marketing
and collaborative regional initiatives that will create new
jobs, generate capital investment, and secure new
business locations.”
Since 1996… •8,637 industry jobs created •$908M private investment •105 industry locations
INDUSTRY CLUSTER DEVELOPMENT
POPULATION GROWTH
•NC Port at Wilmington •Fort Bragg & military presence •Transportation/distribution access •Agricultural base •Diversified manufacturing/industry base •3 State Universities & 2 private colleges •8 Community Colleges •I-40, I-95, and I-74 •2 International Airports •3 Municipal Airports with uncontrolled airspace
NCSE KEY REGIONAL ASSETS
REGIONAL ECONOMIC CHALLENGES
• Port competitiveness & modernization
• Workforce skills improvement
• Global competition in business recruitment
• Funding for economic development
• Defense funding reductions & sequestration
MANUFACTURING JOBS
DEFENSE SECTOR
INFRASTRUCTURE
COMPANY PROJECTS BY INDUSTRY SECTOR
PROJECTS REQUIRING PORT AND/OR RAIL
• Industry is more efficient than ever before -- employs fewer, but increasingly better paying jobs
• Overall, regional workforce is somewhat under-skilled in some
areas to be fully competitive in the global economy
• 60% - 70% of jobs in region in next decade will not require traditional four year degree but will require more than a HS diploma
• Aligning skills investments with labor market realities is critical
• 6.1% of workforce is knowledge jobs and projected to grow 12% by 2018
REGIONAL WORKFORCE
REGIONAL EMPLOYMENT
• 2011 Regional Employment: 545,400 (Includes: self-employment, private, and public sector)
• 2006- 2011 Employment Growth: 3%
• 2011-2016 Employment Growth (projected): 9%
(50,298 new jobs injected into the regional economy)
PROJECTED WORKFORCE DEMAND 2011-2016
ECONOMIC GROWTH OPPORTUNITIES
• Agriculture & food processing
• Distribution
• Re-shoring of manufacturing back to U.S.
• Small business development
• Existing industry growth and sustainability
• Exporting
• Health care services & facility expansion
• Advanced Manufacturing
• Defense sustainability and defense firm growth
North Carolina’s Southeast 707 West Broad Street
Elizabethtown, NC 28337 www.ncse.org
(800) 787-1333 / (910) 862-8511
Steve Yost - Director [email protected]
Joe Melvin - Director of Business Development [email protected]
Bart Richardson- Marketing Research Manager [email protected]
CONTACT INFORMATION