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Asheville area economic data

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Some great information about the Asheville area in regard to economic development.

Some great information about the Asheville area in regard to economic development.

Published in: Business, Education

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  • 1. I-26 Corridor Summit May 9, 2013
  • 2. Steady Growth: Community at the Crossroads
  • 3. Access-Eastern U.S. Markets Source: Economic Development Coalition
  • 4. Access-Eastern U.S. Markets
  • 5. County Population 2011 1 Buncombe 241,786 2 Henderson 108,371 3 Burke 91,107 4 Caldwell 83,185 5 Wilkes 69,474 6 Rutherford 68,018 7 Haywood 59,484 8 Watauga 52,004 9 McDowell 45,305 10 Jackson 40,848 23.1% 11.8% 11.7% 13.4% 14.6% 25.5% Percent of Population by Age Group 0-19 20-29 30-39 40-49 50-59 60+ Population Estimates WNC Home to Over 1.1M Residents Source: NC Department of Commerce
  • 6. Population Growth Source: NC Department of Commerce 11% 5.2%
  • 7. Annual Population Growth Source: NC Department of Commerce
  • 8. Migration Map Buncombe County, North Carolina Source: Forbes.com
  • 9. Migration Map Wayne County (Detroit), Michigan Source: Forbes.com
  • 10. • 50% net increase in daytime population change due to commuting, or an estimated 41,000 people • 85% of workers commute by car, truck, or van as means of transportation to work Daytime Population: Asheville City Source: US Census Bureau
  • 11. • Of nearly 468,000 workers, 32.4% travel 25 or more minutes to get to their place of work Commuting Time Source: NC Department of Commerce
  • 12. Asheville Metro Labor Shed Source: US Census Bureau
  • 13. Steady Growth: Commerce at the Crossroads
  • 14. Asheville Metro GDP Source: US Bureau of Economic Analysis 9% 18%
  • 15. Major Employers (1000+) Company County 1 Mission Health System Buncombe 2 Buncombe County Board of Ed Buncombe 3 Ingles Markets Buncombe 4 Veterans Administration Buncombe 5 County of Buncombe Buncombe 6 Wal-Mart Associates Buncombe 7 City of Asheville Buncombe 8 The Biltmore Co Buncombe 9 A-B Technical CC Buncombe 10 NC Dept of Health & Human Svcs Burke 11 Burke County Public Schools Burke 12 Caldwell County Schools Caldwell 13 Merchants Distributors Caldwell 14 Haywood County Schools Haywood Company County 15 Blue Ridge Paper Products Haywood 16 Henderson Co Board of Public Ed Henderson 17 Margaret R Pardee Memorial Hospital Henderson 18 Park Ridge Health Henderson 19 Western Carolina University Jackson 20 Baxter Healthcare Corp McDowell 21 McDowell County Schools McDowell 22 Rutherford County Schools Rutherford 23 Eastern Band of Cherokee Indians Swain 24 Appalachian State University Watauga 25 Appalachian Regional Healthcare Sys Watauga 26 Tyson Farms Wilkes 27 Lowe’s Companies Inc Wilkes 28 Wilkes County Board of Education Wilkes Western North Carolina Source: NC Department of Commerce
  • 16. Asheville Metro Business Locations Companies with 50+ employees and manufacturers with 5+ employees Source: Economic Development Coalition
  • 17. Asheville Metro Business Locations Manufacturers with 5+ employees Source: Economic Development Coalition
  • 18. Freight / Container Traffic • Western North Carolina Manufacturers export 10,250+ TEU’s or twenty-foot-equivalent container units, annually (2009). • 94% of WNC freight travels to Southern ports Source: Western Carolina University WNC Inland Port Feasibility Study, 2008
  • 19. WNC Transportation Alliance Connecting 40+ Manufacturers from across WNC and Eastern Tennessee • Intra-Company, interstate lane-sharing partnerships eliminate ‘empty miles’, saving fuel, $$ and emissions • Annualized Savings for one participating company: 607,000 miles 86,700 gallons / diesel 900 tons / carbon $285,350.00
  • 20. • Buncombe County ranks 5th in the state for visitor spending, attracting $783 million in spending that generated $65 million in tax revenue Tourism Driving Growth Source: Asheville Convention and Visitors Bureau
  • 21. • Visitor spending has increased 70% since 2001 • More than 1.5 million hotel rooms are sold annually, with room revenue increasing 9% per year for the last 3 years. • 750+ new rooms since 2007 Tourism Driving Growth Source: Asheville Convention and Visitors Bureau
  • 22. Asheville Metro Employment (employment in thousands) • March 2013 Asheville Metro total, non-farm employment jumped 3.6% (Y-Y) and had the largest percent growth rate of the state metros January, February, and March (Y-Y) Source: US Bureau of Labor Statistics
  • 23. Manufacturing Employment Source: US Bureau of Labor Statistics
  • 24. WNC Jan 2013 Employment 467,622 WNC Jan 2013 Unemployment 56,404 WNC Jan 2013 Unemployment Rate 10.8% AMSA Mar 2013 Unemployment Rate 7.2% Employment and Income Source: NC Department of Commerce 12% 11%
  • 25. 2012 Announcements Western Region: $500M investments & 2,555 new jobs Source: NC Department of Commerce
  • 26.  Geography Western Regional Differentiators  Workforce  Infrastructure  Vision
  • 27. For more information please contact: Clark Duncan, EDC Director of Marketing Heidi Reiber, EDC Director of Research www.ashevillechamber.org