NC STEP Leadership Team St. Paul’s NC North Carolina’s SoutheastEconomic Development Partnership
CHARACTERISTICS OF A DYNAMICREGION 1.12 M Population > 12% growth since 2000 > 545,000 In Workforce
INDUSTRY CLUSTER DEVELOPMENT “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
NCSE KEY REGIONAL ASSETS •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
REGIONAL ECONOMIC CHALLENGES • Port competitiveness & modernization • Workforce skills improvement • Global competition in business recruitment • Funding for economic development • Defense funding reductions & sequestration
REGIONAL WORKFORCE • 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 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)
ECONOMIC GROWTH OPPORTUNITIES • Agriculture & food processing • Exporting • Distribution • Health care services & facility expansion • Re-shoring of manufacturing back to U.S. • Advanced Manufacturing • Small business development • Defense sustainability and defense firm growth • Existing industry growth and sustainability
CONTACT INFORMATION North Carolina’s Southeast 707 West Broad Street Elizabethtown, NC 28337 www.ncse.org (800) 787-1333 / (910) 862-8511 Steve Yost - Director firstname.lastname@example.org Joe Melvin - Director of Business Development email@example.com Bart Richardson- Marketing Research Manager firstname.lastname@example.org
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