NCSE State of the Region 2011

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Looks at over 40 economic indicators from as far back as 20 years for the 11 county region of southeastern North Carolina.

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  • Region’s population grew 2.8% more than the national average.Total population of 1,102,381 / added 138,000 (12.5%)State grew 15.6%
  • 24.9% of region have at least some college4th behind Charlotte, Greensboro, and Research Triangle
  • Cumberland County out-flow 38% / in-flow 43%New Hanover out-flow 31% / in-flow 42%Robeson out-flow 44%
  • 100 is benchmarkOthers are read as percentages so Grocery items are 105.2% of the national average etc…4.8% lower than national average and 1.3 percent lower for Wilmington for Composite Index
  • Construction (employment #’s down 26%) has been hurt- makes up 10% of businesses in 2010
  • Top 5Healthcare – 62,452Retail – 56,959Education – 36,728Accommodations and Food Service – 36,024Manufacturing – 35,219
  • Construction down 26%Manufacturing down 15%3,705 new added jobs since 2007- 3,010 in healthcare and public admin.
  • 192 announced business openings since 20054.5 billion investment and 13,267 jobs *announced*
  • 56% from government in Fayetteville MSA (16.8 billion in 2009)87% private industry in Wilmington MSA (13 billion in 2009)
  • Have increased 15% since 2005Region averages $654.67 per week
  • Peaked in January 2010 at 11.8%As of December 2010 10.2%State was 9.7%Nation was 9.1%*Not seasonally adjusted- should be OK because of the size of the region
  • 2009 data-22.6% below $22,050 for family of fourStatewide 16.2% / nation 14.3%Reasons-“dot com” bubble9/11 recession“Great Recession”Lost entire textile industry (NAFTA, China preferred trade status)Advanced textiles coming back- we are cutting edge
  • – 81% of 31,263 lost manufacturing jobs (25,271) since 1990Building products and boat building affected
  • Added 700 jobs since 2006 (this is just 09-10)Region has 19% of state’s agri
  • Over $2.35 billion in last decade67% of these in Cumberland County14% in Robeson1,502 contracts awarded in region in 2010
  • $1.2 billion funded for the region 2011-2020
  • Trading partners top 4ChinaBrazilBelgiumSouth Korea442 ships called in 201038% of our projects need port service
  • NCSE State of the Region 2011

    1. 1. 2011 STATE OF THE REGION:ANNUAL ECONOMIC INDICATORS REPORT August 26, 2011
    2. 2. POPULATION
    3. 3. EDUCATIONAL ATTAINMENT(2000 Census Data)
    4. 4. COMMUTER PATTERNS 2009
    5. 5. COST OF LIVING 2010
    6. 6. BUSINESS COMMUNITY
    7. 7. BUSINESS COMMUNITY
    8. 8. FASTEST GROWING SECTORS
    9. 9. ANNOUNCED JOBS AND INVESTMENT
    10. 10. GROSS DOMESTIC PRODUCT BYMETROPOLITAN STATISTICAL AREA
    11. 11. AVERAGE WEEKLY WAGES
    12. 12. UNEMPLOYMENT
    13. 13. POVERTY RATES
    14. 14. MANUFACTURING JOBS
    15. 15. AGRI-INDUSTRY SECTOR
    16. 16. DEFENSE SECTOR
    17. 17. INFRASTRUCTURE
    18. 18. PORT OF WILMINGTON GROWTH

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