St paul's nc step presentation

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