Year Year Good Year Old School Flash Survey What Kind of Year was - PowerPoint PPT Presentation

Old School Flash Survey What Kind of Year was 2018 for NC’s Tech Sector? Great Good Not a Year Year Good Year

Old School Flash Survey What Kind of Year was 2018 for Your Organization? Great Good Not a Year Year Good Year

Old School Flash Survey In 2019 I Expect Our Organization To…? Stay the Reduce Grow Same Employment

Old School Flash Survey Today, My Biggest Issue To Growth is…. Taxes More Finding Other Regulation Customers Workers

USA Nonfarm Payroll Employment 600 99 Straight Months of Employment Growth-Since September 2010, the Longest Continuous Private Job Growth in Our History 500 400 300 200 100 0 -100 Source: US Bureau of Labor Statistics -200 2010-Jan March May July Sept Nov 2011-Jan March May July Sept Nov 2012-Jan March May July Sept Nov 2013-Jan March May July Sept Nov 2014-Jan March May July Sept Nov 2015-Jan March May July Sept Nov 2016-Jan March May July Sept Nov 2017-Jan March May July Sept Nov 2018 -Jan March May July Sept Nov

North Carolina Payroll Employment U.S. YoY % Chg 4 North Carolina 3 2 1 0 -1 -2 November 2018 -3 US: 1.7% -4 NC: 2.3% -5 -6 -7 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Bureau of Labor Statistics/Haver Analytics Source: Bureau of Labor Statistics/Haver Analytics

North Carolina’s Unemployment Rate January 2008 - December 2018 Source: Bureau of Labor Statistics

% Job Growth By State Rankings Neighbor’s Rank North Carolina Rank 13 13 14 1 Year 5 Year 10 Year 12 SC 10 11 11 12 10 TN 14 14 18 8 6 VA 19 28 26 4 GA 9 9 17 2 0 FL 7 3 2 One Year Five Year Ten Year

% Wage Growth By State Rankings Neighbors Rank North Carolina Rank 17 18 1 Year 5 Year 10 Year 16 SC 17 18 21 13 14 TN 24 31 23 12 10 10 VA 21 40 34 8 6 GA 29 17 29 4 2 FL 22 25 8 0 One Year Five Year Ten Year

% GDP Growth By State Rankings North Carolina Rank Neighbors Rank 25 22 1 Year 5 Year 10 Year SC 16 9 18 20 15 14 TN 13 11 11 15 VA 19 38 31 10 5 GA 8 8 25 0 FL 17 7 39 One Year Five Year Ten Year

Employment Gains By Sector for the United States and NC 2.3% Total 1.7% 3.4% Construction 4.0% 1.4% Manufacturing North Carolina 2.3% 3.1% USA Trade, Transport & Utilities 1.1% November 2017-2018 3.7% Financial 1.4% Professional & Technical 3.7% Services 2.7% 2.3% Education & Health Services 2.0% 1.8% Leisure & Hospitality 1.7% 0.5% Government 0.2% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% Source: US Bureau of Labor Statistics

5 Year Job Growth 2012-2017 North Carolina Average 10.8% Alleghany Ashe Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Yadkin Forsyth Avery Guilford Franklin Bertie Alex- Yancey Caldwell Davie Nash ander Madison Edgecombe Iredell Davidson Randolph Wash- Tyrrell Dare Martin Burke ington Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Wake Swain Beaufort Rutherford Johnston Hyde Lincoln Graham Cabarrus Henderson Lee Greene Jackson Mont- Harnett Wayne Polk Tran- Gaston Stanly Moore gomery Cherokee Macon Cleveland Lenoir Craven sylvania Pamlico Clay Rich- Hoke Sampson Jones Union Anson mond Duplin Scot- land Carteret Onslow Robeson Bladen Pender Growth above state average Columbus New Growing below state average Hanover Brunswick Losing Jobs Source: US Bureau of Labor Statistics QCEW

Technology Data

Methodology • 87 separate 6-digit NAICS code sectors to characterize the Total Technology Sector • The Total Technology Sector was further broken down into four sub- categories: • Energy Technology • Environmental Technology • Life Sciences • IT, Telecom, Hardware & Software (Tech Core) • 65 separate 5-digit Standard Occupational Classification (SOC) codes • Economic Modeling Specialists International (EMSI), based on the Bureau of Labor Statistics (BLS) Quarterly Census of Employment and Wages

The Difference Between Tech Industry Workers and Tech Occupational Workers 65 separate 5-digit 87 separate 6-digit NAICS (SOC) codes

Tech Industry in North Carolina - 2017 Percentage of Total North Carolina Economy Employee Establishment Wages s s $26,557,000 254,230 19,371 7.0% 5.9% 11.1%

5-Year Growth ฀ates for North Carolinas ฀otal ฀eh ฀etor 25% 2012-2017 20.5% 20% 17.4% 17.2% 13.8% 15% North 10% Carolina 7.1% 11.0% 8.9% 7.7% 5% 6.7% United 2.2% 0% ฀tates 2008-2013 2009-2014 2010-2015 2011-2016 2012-2017

Total Tech Sector Growth Rate 2017 3.0% 2.8% 2.5% 2.0% 1.4% 1.5% 1.0% 0.5% 0.0% North Carolina United States

North Carolina Total Tech Establishments, 2013-2017 2,971 New Tech Establishments Over the Past 5 Years 19,371 18,870 18,220 17,230 16,400 2013 2014 2015 2016 2017

Makeup of Tech Industry Percentage of Total North Carolina Tech Sector IT Energy Tech Environmental Tech Life Sciences 13,205 23,158 137,458 80,409 54% 32% 5% 9%

North Carolina’s Technology Industry by Sub -Categories 2017 Employment 2017 Change Change 2012- Establishments 2017 Tech Category t 2017 2016-2017 2012-2017 s 2017 Energy Tech 13,205 0.0% 12.3% 383 Environmental Tech 23,158 1.8% 17.0% 1,522 Life Sciences 80,409 4.1% 12.0% 4,681 IT 137,458 2.6% 21.1% 12,785

North Carolina’s Technology Industry by Sub -Categories 2017 Employment 2017 Change Change 2012- Establishments 2017 Tech Category t 2017 2016-2017 2012-2017 s 2017 Energy Tech 13,205 0.0% 12.3% 383 Environmental Tech 23,158 1.8% 17.0% 1,522 Life Sciences 80,409 4.1% 12.0% 4,681 IT 137,458 2.6% 21.1% 12,785

North Carolina’s Technology Industry by Sub -Categories 2017 Employment 2017 Change Change 2012- Establishments 2017 Tech Category t 2017 2016-2017 2012-2017 s 2017 Energy Tech 13,205 0.0% 12.3% 383 Environmental Tech 23,158 1.8% 17.0% 1,522 Life Sciences 80,409 4.1% 12.0% 4,681 IT 137,458 2.6% 21.1% 12,785

North Carolina ฀eh ฀ub- ฀etor 5-Year Growth ฀rends 30% 2008-2017 28.4% 25% 22.0% 25.5% 21.1% 20.0% 20% 21.4% 17.7% 15.7% I฀ 17.0% 14.5% 15% 12.3% ฀nviro 12.0% 9.9% ฀eh 8.8% 10% 9.3% 9.6% 4.1% 8.6% 5% Life ฀iene 4.4% ฀nergy s 0.6% 0% ฀eh 2008-2013 2009-2014 2010-2015 2011-2016 2012-2017

North Carolina’s Technology Industry by Sub -Categories 2016 Establishments Tech Category Employment, Change, Change 2012- s Category t, 2017 2016-2017 2012-2017 2017 Tech Services 190,373 3.5% 24.6% 18,608 Services Tech Manufacturing 63,857 0.9% -0.3% 763 g Total Tech 254,230 2.8% 17.2% 19,371

North Carolina ฀eh ฀ervies vs. Manufaturing 40% 5-Year Growth ฀rends 2008-2017 28.0% 30% 24.6% 24.5% 21.4% ฀eh ฀ervies 20% 12.6% 10% ฀eh 4.2% 0% 0.7% Manufaturing -0.3% -2.1% -4.1% -10% 2008-2013 2009-2014 2010-2015 2011-2016 2012-2017

Tech Industry Jobs by County in North Carolina

Average Annual Earnings per Worker by Subsector, 2017 North Carolina (With Purchasing National Average Tech Category North Carolina Purchasing Power) Power) Energy Tech $130,200 $143,200 $147,200 Environmental Tech $96,600 $106,200 $78,900 Life Sciences $113,900 $125,300 $124,000 IT $112,000 $123,200 $138,500

Average Annual Earnings per Worker by Subsector, 2017 North Carolina (With Purchasing National Average Tech Category North Carolina Purchasing Power) Power) Energy Tech $130,200 $143,200 $147,200 Environmental Tech $96,600 $106,200 $78,900 Life Sciences $113,900 $125,300 $124,000 IT $112,000 $123,200 $138,500

Average Annual Earnings per Worker by Subsector, 2017 $160,000 NC with PP US $147,200 $143,200 $138,500 $140,000 $125,300 $124,000 $123,200 $120,000 $106,200 $100,000 $78,900 $80,000 $60,000 $40,000 $20,000 $0 Energy Tech Environmental Tech Life Sciences IT

Average Annual Earnings per Worker by Subsector, 2017 North Carolina National Average Tech Category North Carolina (With Purchasing Power) Power) Tech Services $107,800 $118,600 $129,300 Tech Manufacturing $125,100 $137,600 $137,300 Total Tech $112,100 $123,400 $130,800

Average Annual Earnings per Worker by Subsector, 2017 North Carolina National Average Tech Category North Carolina (With Purchasing Power) Power) Tech Services $107,800 $118,600 $129,300 Tech Manufacturing $125,100 $137,600 $137,300 Total Tech $112,100 $123,400 $130,800