Economic Development Partnership North Carolina edpnc.com - - PowerPoint PPT Presentation

Economic Development Partnership North Carolina

edpnc.com

edpnc.com

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CHALLENGING FACTS | STRUCTURAL PROBLEM

RIGID and bureaucratic PROCESS & CULTURE UNABLE to move at the SPEED OF BUSINESS REACTIVE not proactive OPERATED IN SILOS with limited communication & collaboration

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EDPNC | WHAT?

NC as a location for corporate expansions and relocations NC as a destination for tourism, convention, amateur sports, and film-making NC-made exports NC as a place to start a new business

MARKETING AND SALES ORGANIZATION

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EDPNC | HOW?

ORGANIZED ACROSS 3 PRIMARY BUSINESS UNITS

BUSINESS RECRUITMENT

Business development and project management

BUSINESS SERVICES

International trade, small business support (BLNC), regional industry managers

TOURISM Structure

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EDPNC | HOW?

Headquarters in Cary, NC Regional offices in all 8 Prosperity Zones International offices in Canada, Mexico, China (Shanghai/Hong Kong), Japan and Europe (UK/Germany) added 2015 South Korea

Geography

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TARGETED APPROACH

INFRASTRUCTURE BUSINESS CLIMATE PEOPLE INNOVATION

• #3 Best State for Business

2014, Forbes Magazine

• #3 Lowest State & Local

Tax Burden on Business 2014, Council on State Taxation and Ernst & Young

• AAA Bond Ratings,

Moody’s, Standard & Poor’s, Fitch

• Lowest unionization rate in

the country at 1.9%, U.S. Bureau of Labor Statistics

EDUCATION QUALITY OF LIFE

• Largest manufacturing

workforce in the Southeast

• Home to 100,000+

active duty military personnel

• World Class Research

Universities: Duke University, UNC-Chapel Hill, UNC-Charlotte, N.C. State University

• Every North Carolinian

within 30-minute drive of a community college

PRODUCT

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TARGETED APPROACH

AEROSPACE, AVIATION & DEFENSE AUTOMOTIVE, TRUCK & HEAVY EQUIPMENT LIFESCIENCES, BIOTECHNOLOGY & PHARMACEUTICALS BUSINESS & FINANCIAL SERVICES FOOD PROCESSING & MANUFACTURING FURNITURE ENERGY TEXTILES DATA CENTERS PLASTICS & CHEMICALS DISTRIBUTION, TRANSPORTATION & LOGISTICS INFORMATION & COMMUNICATIONS TECHNOLOGY

• Site selection consultants & third party advisors
• Domestic & international companies
• Existing North Carolina companies

PRODUCT AUDIENCE

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TARGETED APPROACH

INNOVATION

Birthplace of powered flight and home to 2 of the top 10 emerging aerospace cluster markets in the South

EMPLOYMENT

Aircraft and engine part manufacturing has increased by 68% in North Carolina

COMPANY BASE

180 aircraft companies engaged in manufacturing in North Carolina

MILITARY

Home to 10 military installations with 100,000 active duty military personnel

PEER COMPANIES

Features 2 of the Top 10 emerging aircraft cluster markets in the South

BRAND AUDIENCE PRODUCT

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TARGETED APPROACH

BRAND

INNOVATION EMPLOYMENT COMPANY BASE MILITARY PEER COMPANIES

AUDIENCE PRODUCT CONNECTION

PUBLIC/STATE PUBLIC/LOCAL PRIVATE

• People & relationships
• Tools & Automation

GO TO MARKET STRATEGY INTEGRATED SALES

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North Carolina ranked the most competitive state by Site Selection Magazine

Economic outlook rank improved significantly since 2011

Source: Rich States, Poor States. ALEC-Laffer State Economic Competitiveness Index

Economic Outlook 2011 2012 2013 2014 2015 Change North Carolina 26 23 22 6 4 +22 Georgia 11 10 8 9 7 +4 Texas 18 16 12 13 11 +7 Virginia 3 3 5 11 12

• 9

Florida 10 13 9 16 15

• 5

Tennessee 8 122 18 19 17

• 9

S

• uth Carolina

22 27 31 31 32

• 10

Stronger than neighboring states, Texas and Florida

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The Comeback Continues January 2013

9.4 % unemployment $2.5 billion unemployment Personal tax rate = 7.75% Corporate tax rate = 6.9%

September 2015

5.9 % unemployment Unemployment insurance debt paid off Personal tax rate = 5.499% Corporate tax rate = 4.0% insurance debt