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2021 Critical Issues Series: Regional Economic Development Forum

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2021 Critical Issues Series: Regional Economic Development Forum

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April 22 2021 - Regional Economic Development Forum

Ray Trapp, Research Triangle Foundation
John Morris, Orange County Economic Development Advisory Board
Ryan Regan, Greater Durham Chamber of Commerce
Michael Haley, Wake County Economic Development & Greater Raleigh Chamber of Commerce
Joe Milazzo, Regional Transportation Alliance


The 2021 Critical Issues Series is presented by WCHL & Chapelboro.com, Duke Energy, and Durham Tech.

April 22 2021 - Regional Economic Development Forum

Ray Trapp, Research Triangle Foundation
John Morris, Orange County Economic Development Advisory Board
Ryan Regan, Greater Durham Chamber of Commerce
Michael Haley, Wake County Economic Development & Greater Raleigh Chamber of Commerce
Joe Milazzo, Regional Transportation Alliance


The 2021 Critical Issues Series is presented by WCHL & Chapelboro.com, Duke Energy, and Durham Tech.

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2021 Critical Issues Series: Regional Economic Development Forum

  1. 1. Welcome to the Critical Issues Series: Regional Economic Development Forum April 22, 2021
  2. 2. Katie Loovis #CHCCriticalIssues Vice President for External Affairs The Chamber For a Greater Chapel Hill-Carrboro Welcome
  3. 3. Betsy Harris #CHCCriticalIssues Project Coordinator, Armacell Chair of The Chamber’s Government Affairs Committee Welcome
  4. 4. Earl McKee #CHCCriticalIssues Orange County Commissioner Welcome
  5. 5. Katie Loovis #CHCCriticalIssues Vice President for External Affairs The Chamber For a Greater Chapel Hill-Carrboro Welcome
  6. 6. 2021 Critical Issues Series presented by: Providing local news, Tar Heel sports, events, music, and community info #CHCCriticalIssues
  7. 7. 2021 Critical Issues Series presented by: Building a smarter energy future #CHCCriticalIssues
  8. 8. 2021 Critical Issues Series presented by: A comprehensive community college serving Durham and Orange counties #CHCCriticalIssues
  9. 9. Susana Dancy #CHCCriticalIssues Rockwood Development Trinsic Residential Group Aura Chapel Hill Welcome
  10. 10. Aaron Nelson #CHCCriticalIssues President and CEO The Chamber For a Greater Chapel Hill-Carrboro Welcome
  11. 11. Framing and Context
  12. 12. First, Economic Development
  13. 13. Economic Developwhat?
  14. 14. Economic Developwhat? “A group of policies, programs, and activities that seek to create and retain jobs and ultimately facilitate economic growth.” –International Economic Development Council
  15. 15. Economic Developwhat? “A group of policies, programs, and activities that seek to create and retain jobs and ultimately facilitate economic growth.” –International Economic Development Council “The creation of wealth from which community benefits are realized. It is more than a jobs program, it's an investment in growing your economy and enhancing the prosperity and quality of life for all residents.” -California Association for Local Economic Development
  16. 16. The Research Triangle Region
  17. 17. Research Triangle Region
  18. 18. Research Triangle Park
  19. 19. The Triangle: Wake, Durham, and Orange Counties
  20. 20. Orange County + Chatham County + Neighbors
  21. 21. Triangle J Council of Government (TJ COG)
  22. 22. Research Triangle Regional Partnership
  23. 23. Data & Planning
  24. 24. Raleigh-Cary Metropolitan Statistical Area (MSA)
  25. 25. Durham-Chapel Hill Metropolitan Statistical Area
  26. 26. Raleigh-Durham-Cary Combined Statistical Area (CSA)
  27. 27. DCHC- Metropolitan Planning Organization (MPO)
  28. 28. Capital Area MPO
  29. 29. NC Department of Transportation (DOT) Districts
  30. 30. Workforce Development & Workforce Investment Boards
  31. 31. Workforce Development Boards
  32. 32. Workforce Development Boards
  33. 33. Workforce Development Boards
  34. 34. Workforce Development Boards
  35. 35. NC Workforce Development Boards
  36. 36. A Broader Triangle: Wake, Durham, Orange, Johnston, & Chatham Counties
  37. 37. Regional Employment & Employers
  38. 38. Top 5 Industries Source: JobsEQ Orange + Durham + Wake Counties
  39. 39. Labor Market Snapshot Orange + Durham + Wake Counties Source: BurningGlass
  40. 40. Current Job Openings - Industry Sectors Hiring Orange + Durham + Wake Counties Source: BurningGlass
  41. 41. Current Job Openings – Specific Jobs in Demand Orange + Durham + Wake Counties Source: BurningGlass
  42. 42. Shifting Jobs: Change Since Covid-19 (Jan 2020) Orange + Durham + Wake Counties Source: BurningGlass
  43. 43. Current Openings – Employers Hiring Orange + Durham + Wake Counties Source: BurningGlass
  44. 44. Orange County ‘Employer Firms’ (firms with employees)
  45. 45. Estimated Minority-Owned Employer Firms Estimated Number of Minority-Owned Firms With Employees By County Source: Census Bureau | 2017 Annual Business Survey 349 155 1,051 262 318 Orange County Chatham County Durham County Alamance County Johnston County
  46. 46. Minority-Owned Employers Make Up 11-18% of All Firms Estimated Minority-Owned Firms as a Percent of All Firms, Percent of Total Sales, and Percent of Total Payroll 11% 12% 12% 18% 11% 11% 15% 12% Chapel Hill Orange County Chatham County Durham County Alamance County Johnston County Wake County North Carolina Source: Census Bureau | 2017 Annual Business Survey
  47. 47. 33% of All Carrboro Firms are Women-Owned Estimated Women-Owned Firms as a Percent of All Firms, Percent of Total Sales, and Percent of Total Payroll 20% 22% 18% 22% 33% 17% 20% 21% NC Orange Chatham Chapel Hill Carrboro Alamance Durham Wake Source: Census Bureau | 2017 Annual Business Survey
  48. 48. Black-Owned Employers Less Than 7% of All Firms 2% 3% 7% 2% 4% .18% .35% .50% .78% .36% .24% .44% .78% .73% .59% Chapel Hill Alamance County Durham County Johnston County Wake County % of All Firms % of Total Sales % of Total Payroll Note: Orange & Chatham County values for this are not reported due to data suppression due to quality control. This is likely because of a very small sample size. Estimated Black-Owned Firms as a Percent of All Firms, Percent of Total Sales, and Percent of Total Payroll Source: Census Bureau | 2017 Annual Business Survey
  49. 49. Hispanic-Owned Employers Less than 4% of Regional Firms 4% 2% 4% 4% 3% 1% 1% 1% 1% 1% 1% 0.5% 0.4% 1% 1% Orange County Chapel Hill Durham County Johnston County Wake County % of All Firms % of Total Sales % of Total Payroll Note: Chatham County values for this category are not reported due to data suppression due to quality control. This is likely because of a very small sample size. Estimated Hispanic-Owned Firms as a Percent of All Firms, Percent of Total Sales, and Percent of Total Payroll Source: Census Bureau | 2017 Annual Business Survey
  50. 50. Unemployment
  51. 51. Monthly Unemployment Rate (Unadjusted) 1/2008 – 2/2021 0% 2% 4% 6% 8% 10% 12% Orange County Durham County
  52. 52. Worker Inflow, Outflow, & Commuting
  53. 53. Orange County Workers Driving In for Work Growing Faster than Workers Driving Out 26,751 32,262 37,915 36,382 30,747 37,935 40,520 48,026 25,000 30,000 35,000 40,000 45,000 50,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Driving Out for Work Driving In for Work Source: U.S. Census Bureau OnTheMap (LODES), 2017
  54. 54. Orange Worker Inflows/Outflows 46,164 Drive In, 37,073 Drive Out, and 19,953 Live and Work in Orange County Source: U.S. Census Bureau OnTheMap (LODES), 2017
  55. 55. Where Do Orange County Residents Work? 14,150 12,237 5,102 1,828 1,601 1,554 1,498 1,335 973 737 16,011 Chapel Hill town, NC Durham city, NC Raleigh city, NC Hillsborough town, NC Cary town, NC Charlotte city, NC Carrboro town, NC Greensboro city, NC Burlington city, NC Mebane city, NC All Other Locations Location of Primary Job for Residents (Shown Numerically) of Orange County Source: U.S. Census Bureau OnTheMap (LODES), 2017
  56. 56. Chapel Hill Worker Inflows/Outflows 41,779 Drive In, 14,008 Drive Out, and 6,627 Live and Work in Chapel Hill Source: U.S. Census Bureau OnTheMap (LODES), 2017
  57. 57. Where Do Chapel Hill Residents Work? 6,627 4,159 1,943 661 649 454 430 315 176 166 5,055 Chapel Hill town, NC Durham city, NC Raleigh city, NC Cary town, NC Charlotte city, NC Greensboro city, NC Carrboro town, NC Morrisville town, NC Burlington city, NC Winston-Salem city, NC All Other Locations Location of Primary Job for Residents of Chapel Hill Source: U.S. Census Bureau OnTheMap (LODES), 2017
  58. 58. Where Do Chapel Hill Workers Commute From? 9,194 6,627 3,071 2,969 2,236 698 647 545 438 417 21,564 Durham city, NC Chapel Hill town, NC Carrboro town, NC Raleigh city, NC Cary town, NC Apex town, NC Burlington city, NC Mebane city, NC Charlotte city, NC Greensboro city, NC All Other Locations Residences of Chapel Hill Workers Source: U.S. Census Bureau OnTheMap (LODES), 2017
  59. 59. Carrboro Worker Inflows/Outflows 3,666 Drive In, 8,561 Drive Out, and 571 Live and Work in Carrboro Source: U.S. Census Bureau OnTheMap (LODES), 2017
  60. 60. Where Do Carrboro Residents Work? 3,071 1,518 841 571 260 224 190 120 102 80 2,155 Chapel Hill town, NC Durham city, NC Raleigh city, NC Carrboro town, NC Cary town, NC Charlotte city, NC Greensboro city, NC Morrisville town, NC Hillsborough town, NC Burlington city, NC All Other Locations Source: U.S. Census Bureau OnTheMap (LODES), 2017 Location of Primary Job for Residents of Carrboro
  61. 61. Hillsborough Worker Inflows/Outflows 4,593 Drive In, 2,810 Drive Out, and 236 Live and Work in Hillsborough Source: U.S. Census Bureau OnTheMap (LODES), 2017
  62. 62. Twice As Many Hillsborough Workers Live in Durham Than Hillsborough 630 236 184 172 137 110 102 78 62 56 3,062 Durham city, NC Hillsborough town, NC Burlington city, NC Mebane city, NC Chapel Hill town, NC Raleigh city, NC Carrboro town, NC Graham city, NC Cary town, NC Greensboro city, NC All Other Locations Source: U.S. Census Bureau OnTheMap (LODES), 2017 Where Hillsborough Workers Live
  63. 63. Orange County Land Use
  64. 64. Orange County Total Value Per Acre Urban3
  65. 65. Source: 5 Year American Community Survey, 2014-2018 Orange County Land Distribution Total = 398 sq. miles [CELLRANGE] 6.5 sq. miles 1.6% [CELLRANGE] 19.5 sq. miles 4.9% [CELLRANGE] 5.3 sq. miles 1.3% [CELLRANGE] 1.8 sq miles 0.5% [CELLRANGE] 365 sq. miles 91.6%
  66. 66. Southern Orange County Planning Jurisdictions
  67. 67. Rural Buffer and Joint Planning Areas
  68. 68. Downtown Meadowmont Southern Village Ephesus Church Fordham Downtown Orange County Total Assessed Value Per Acre Urban3
  69. 69. Segment 2 – Research Triangle Park Ray Trapp Research Triangle Foundation #CHCCriticalIssues
  70. 70. RESEARCH TRIANGLE FOUNDATION MISSION Facilitate collaboration between the Triangle universities. Promote cooperation between universities and industry. Create an economic impact for the citizens of North Carolina. RTP IS: 7,000 acres 55,000+ employees 300+ of both established and startup biotech, life science, data science and tech companies
  71. 71. Facilitate Lead Create We seek opportunities to invest in the future of RTP by creating balanced environments and modern amenities that continue to attract companies of all sizes to the Park. As stewards of the Park, RTF is a leader in making connections, maximizing opportunities, and amplifying discoveries that improve economic outcomes for our region and state. Our educational, social, fitness and STEM programs promote convergence among our partners, universities, students and Park companies. Promote We leverage our resources, reputation and strategic partnerships to build and enhance RTP's reputation as the world's premier innovation center. What we do
  72. 72. GROWTH IN RTP – 2020 ANNOUNCEMENTS $3.5B+ IN INVESTMENT AND 2,000+ JOBS TRANSACTIONS: Sale of Parmer RTP Campus to Alexandria Real Estate (ARE) - $615M Sale of Rho building - $53M COMPANY EXPANSIONS: Q2 Solutions - $73M Investment and 749 Jobs Lilly - $474M Investment and 462 Jobs GRAIL - $103M Investment and 400 Jobs Duke University School of Medicine - $273M Investment and 250 Jobs Beam Therapeutics - $83M and 200 Jobs Biotalys - $66M Investment and new U.S. HQ in RTP DPR Regional HQ and Design Research Lab (Genesis) IPM Chirana - Ventilator R&D Firm Apiject - Prefilled Vaccine Syringes - $600M, 175 jobs
  73. 73. $69K AVERAGE ANNUAL SALARY 1,60 DIRECT JOBS 500K SF AFFORDABLE INNOVATION SPACE FOR STARTUPS 12 0 COMPANIES (1/3 OF RTP TOTAL) 201 5 YEAR ESTABLISHED $0 COST TO USE COWORKING AND MEETING SPACE 200+ FREE NETWORKING, FITNESS & EDUCATIONAL EVENTS EACH YEAR
  74. 74. $9M INVESTMENT BY RTF 12 + UNIQUE LOCAL RESTAURANTS AND RETAILERS 35 UPCYCLED SHIPPING CONTAINERS
  75. 75. MWBE Participation
  76. 76. $1.5 B INVESTMEN T 2M SF OFFICE / RETAIL / HOTEL / HOUSING 44 TOTAL ACRES / 13 ACRES OPEN GREENSPACE 6K DIRECT JOBS $78K AVERAGE ANNUAL SALARY INVESTMENT $70M - RTF $20M - DURHAM COUNTY $10M - RTP COMPANIES $1.4B - PRIVATE DEVELOPERS
  77. 77. RTF STRA TEGIC REGIONAL INITIATIVES Mobility and transit STEM workforce pipeline development Inclusionary workforce housing Diversity, Equity and Inclusion Collective
  78. 78. Segment 3 – Orange County John Morris Vice Chair of the Orange County Economic Development Advisory Board #CHCCriticalIssues
  79. 79. Economic Development Johnny Morris – Vice Chair, Orange County Economic Development Advisory Board 2021 Critical Issues: Regional Economic Development Forum April 22, 2021
  80. 80. • Paige Zinn, Chair – Jennings Healthcare Marketing • John Morris, Vice-Chair – Morris Commercial • Barbara Jessie-Black, Secretary – CommunityWorx • John Anderson – Wells Fargo Bank • Anthony Carey – Siena Hotel • Sharon Hill – Sharon Hill International • Jonna Foushee – Truist Bank • Tom Procter – Vacuum Cleaner Hospital • Kristen Smith Young – UNC Chapel Hill • James Watts – Weaver Street Market Orange County Economic Development Advisory Board 93
  81. 81. Staff: • Steve Brantley, Director • Amanda Garner, Assistant Director • Mike Ortosky, Agriculture Economic Developer • Lindsey Hirni, Administrative Assistant Mission: The County’s Economic Development Department serves to diversify the local economy by promoting the growth, retention and recruitment of desirable and environmentally clean businesses that pay at or above a living wage, with employment benefits, and which represent a variety of retail businesses, office headquarters, light industrial manufacturing, logistics distribution, and mixed use commercial office development. This strategy includes new construction, and the redevelopment and/or expansion of existing facilities. Economic Development Department 94
  82. 82. Top Industries (By Employment) 95 42,130 37,547 13,188 8,534 7,456 5,276 3,796 3,614 3,012 2,688 Educational Services Health Care and Social Assistance Retail Trade Accommodation and Food Services Professional and Technical Services Public Administration Other Services, Ex. Public Admin Construction Manufacturing Administrative and Waste Services 3Q 2020 3Q 2020 Source: NC Department of Commerce Labor and Economic Analysis – Quarterly Census of Employment and Wages
  83. 83. 96 Economic Development Areas Durham County Alamance County
  84. 84. Buckhorn EDD • Location of Morinaga America Foods and new construction of Medline • Two completed sewer line extensions funded through Article 46 • Area with largest number of potential properties for sale/development Hillsborough EDD • Location of proposed 160 acre Research Triangle Logistics Park (RTLP) • Funding has been allocated for sewer line extension Eno EDD • Orange County and City of Durham are now negotiating a new utility agreement • Established to attract industrial, retail and commercial development • Approx. 2,000 acres in 3 districts (3% of total Orange County acreage) Economic Development Areas 97 Hillsborough Economic Development Transition (lavender areas) Commercial Industrial Transition Activity Nodes (purple areas) RTLP Location
  85. 85. New jobs and investment in Orange County from recent project announcements by retail, commercial and industrial businesses Project Announcements 98 Company Jobs Average Wage Investment ($ Million) Full Employment Expected by ABB (Mebane) Engineering and Assembly of Electrical Distribution Systems 403 $70,789 $39.9 Dec. 2024 Medline (Mebane) Medical Warehouse and Distribution Center 250 $35,468 $65 - $80 Jan. 2026 Piedmont Metalworks (Mebane) Custom and Structural Metal Fabricator 42 $41,236 $4.15 Dec. 2024 Wegmans (Chapel Hill) Supermarket 350 $12-15/hr $18 Feb. 2026 Well Dot (Chapel Hill) Health IT Firm 400 $63,656 $3.5 Dec. 2025 - Wegmans may generate $1 million/year in retail sales tax - BOCC approved recruitment incentives for all projects listed above - All project listed above total 1.5 million sq. ft. of new construction.
  86. 86. Orange County Financial Support of Small Business & Farms (4Q 2019 – 4Q 2020) 99 Programs Awards Made Amount of Funding COVID-19 Emergency Small Business Loan and Grant Rounds 1 & Emergency Grant Rounds 2 & 3 122 $643,131.58 Small Business Investment Grant* (Normal Article 46 Funded Grant Program) 33 $185,700 Agriculture Grant* (Normal Article 46 Funded Grant Program) 16 $125,928 Total Awarded 188 $954,759.58 Financial support from local county funding provided to small business and farms
  87. 87. Areas of Opportunity 100 • Utilizing federal funding expected to come to the county in 2021 to implement long-term recovery strategies • Capitalize on trends that are emerging in areas like Warehousing and Food Distribution • UNC goal of full return to in-person instruction in Fall 2021 will contribute to local economic recovery
  88. 88. What to Watch for in the Future 101 • A gradual recovery by Orange County’s hard-hit hospitality (hotel and restaurant) sector, and a renewed marketing campaign by the Towns and our Visitors Bureau • Focus by the County on long term recovery measures such as affordable housing, health, natural resources/local food supply, economic development (such as more small business loans) • Continued interest by private investors to consider non-residential projects within our 3 Economic Districts • Upcoming hiring efforts by ABB (400 jobs), Medline (250 jobs growing to 600), Wegmans (ramping up to 350 Full-Time Equivalent jobs) and Well Dot (400 jobs)
  89. 89. 102 131 W. Margaret Lane, Hillsborough, NC 27278 GrowInOrangeNC.com 919-245-2325 Thanks! For Additional Information or to Contact Orange County Economic Development
  90. 90. Segment 3 – Durham County Ryan Regan Vice President of Economic Development Greater Durham Chamber of Commerce #CHCCriticalIssues
  91. 91. Life Sciences Financial Services IT/Informatics Biogen Merck Grifols BioMerieux GlaxoSmithKline Fidelity Investments Policygenius AICPA IQVIA Avaya Target Industry Clusters
  92. 92. Project Announcements of Note in 2021 1,000 New Jobs 90 New Jobs $200M Capital investment 200 New Jobs $83M Capital investment 225 New Jobs 100 New Jobs
  93. 93. Treyburn Corporate Park 555 Mangum Roxboro at Venable
  94. 94. Regional Talent Drives Durham’s Success Degrees conferred in Biological/Biomedical Sciences and Bioengineering/Biomedical Engineering at select 4-year institutions in the Triangle Region (Source: IPEDS, 2018-2019) 660+ 775+ 900+ 95+ Over 2,500 graduates exit regional 4-year educational institutions annually with a degree in Biosciences/Bioengineering
  95. 95. Segment 3 – Wake County Michael Haley Executive Director of Wake County Economic Development and Senior Vice President for the Greater Raleigh Chamber of Commerce #CHCCriticalIssues
  96. 96. Wake County NORTH CAROLINA Where Talent Grows
  97. 97. INTRODUCTION + OVERVIEW • Public Private Partnership (70/30) • Support economic development across Wake County & Region www.Raleigh-Wake.org
  98. 98. 5 Pillars of Economic Development Pillar 1 | Economic Prosperity Pillar 2 | Talent + Workforce Solutions Pillar 3 | Brand Awareness + Competitive Position Pillar 4 | Innovation & Entrepreneurship Pillar 5 | Regional Collaboration + Place Development
  99. 99. Targeted Growth Areas in Wake County Interactive Map
  100. 100. BUSINESS CLIMATE Diverse Economy Advanced Manufacturing Cleantech Software/IT Life Science This document is proprietary. No part of this document may be modified or disclosed in any manner to a third party without the prior consent of Wake County Economic Development.
  101. 101. Thank You!
  102. 102. Segment 3 Q&A #CHCCriticalIssues
  103. 103. Segment 4 – Transportation Joe Milazzo Executive Director of the Regional Transportation Alliance #CHCCriticalIssues
  104. 104. THE VOICE OF THE REGIONAL BUSINESS COMMUNITY ON TRANSPORTATION The Chamber For a Greater Chapel Hill-Carrboro Regional Economic Development Forum April 22, 2021 Joe Milazzo II, PE RTA Executive Director
  105. 105. RTA - REGIONAL TRANSPORTATION ALLIANCE Founded by the chambers of Chapel Hill-Carrboro, Durham, Cary, Raleigh Represent 100+ companies and 25+ chambers of commerce across the Triangle RTA Mission: Deliver business leadership to get our region moving faster. The voice of the regional business community on transportation @RTATriangle Please thank these committed RTA members: letsgetmoving.org/memberlist
  106. 106. REGIONAL BUSINESS LEADERSHIP… FOCUSED ON MOBILITY The voice of the regional business community on transportation @RTATriangle
  107. 107. REGIONAL BUSINESS LEADERSHIP… FOCUSED ON MOBILITY Inherent transportation challenges: • Complex processes, constraints • Long timelines • Competing priorities • Limited funding The voice of the regional business community on transportation @RTATriangle
  108. 108. Inherent transportation challenges: • Complex processes, constraints • Long timelines • Competing priorities • Limited funding Changing paradigms: • Work from home/anywhere • Hybrid work (by day or time of day) • Accelerated growth • Regional dispersion The voice of the regional business community on transportation @RTATriangle REGIONAL BUSINESS LEADERSHIP… FOCUSED ON MOBILITY
  109. 109. Inherent transportation challenges: • Complex processes, constraints • Long timelines • Competing priorities • Limited funding Changing paradigms: • Work from home/anywhere • Hybrid work (by day or time of day) • Accelerated growth • Regional dispersion Acceleration Flexibility Ubiquity Resiliency* RTA Advocacy framework: The voice of the regional business community on transportation @RTATriangle REGIONAL BUSINESS LEADERSHIP… FOCUSED ON MOBILITY *Challenging assumptions / risk mindset
  110. 110. 1. Identify sustainable funding for RDU 2. Accelerate enhanced transit corridors and service 3. Improve travel time and reliability for I-40 4. Support innovative mobility solutions 5. Modernize highway funding business model 2021 RTA Priorities: Equity, Recovery, Opportunity The voice of the regional business community on transportation @RTATriangle
  111. 111. 1. Identify sustainable funding for RDU 2. Accelerate enhanced transit corridors and service 3. Improve travel time and reliability for I-40 4. Support innovative mobility solutions 5. Modernize highway funding business model 2021 RTA Priorities: Equity, Recovery, Opportunity The voice of the regional business community on transportation @RTATriangle
  112. 112. Fast, enhanced transit Accelerated completion of regional transit corridors RDU Airport funding Enplanements
  113. 113. RDU Airport funding
  114. 114. RDU Airport funding
  115. 115. RDU Airport funding
  116. 116. RDU Airport funding
  117. 117. RDU Airport funding - $500 million projected shortfall by 2030 for needed airfield improvements - Nearly $2 billion shortfall projected for 2030-2040 Master Plan capital program The voice of the regional business community on transportation @RTATriangle RTA RDU AID Task Force 2.0 Goal: Identify viable business model for RDU Airport amidst a volatile, changed, and lowered air travel environment
  118. 118. 1. Identify sustainable funding for RDU 2. Accelerate enhanced transit corridors and service 3. Improve travel time and reliability for I-40 4. Support innovative mobility solutions 5. Modernize highway funding business model 2021 RTA Priorities: Equity, Recovery, Opportunity The voice of the regional business community on transportation @RTATriangle
  119. 119. • 5 Bus Rapid Transit (BRT) corridors - North-South BRT in Chapel Hill - Wake BRT – 4 corridors… plus extensions into Durham, Johnston cos. - 55 miles BRT opening in region this decade The voice of the regional business community on transportation @RTATriangle Regional Transit
  120. 120. • 5 Bus Rapid Transit (BRT) corridors - North-South BRT in Chapel Hill - Wake BRT – 4 corridors … plus extensions into Durham, Johnston cos. - 55 miles BRT opening in region this decade The voice of the regional business community on transportation @RTATriangle Regional Transit
  121. 121. • 5 Bus Rapid Transit (BRT) corridors - North-South BRT in Chapel Hill - Wake BRT – 4 corridors … plus extensions into Durham, Johnston cos. - 55 miles BRT opening in region this decade • Commuter rail study underway - Durham to Garner and Clayton The voice of the regional business community on transportation @RTATriangle Regional Transit
  122. 122. • 5 Bus Rapid Transit (BRT) corridors - North-South BRT in Chapel Hill - Wake BRT – 4 corridors … plus extensions into Durham, Johnston cos. - 55 miles BRT opening in region this decade • Commuter rail study underway - Durham to Garner and Clayton • Orange, Durham plans being updated • Zero Fare conversations The voice of the regional business community on transportation @RTATriangle Regional Transit
  123. 123. “I-40 Transit Priority Shoulder” concept • Expand I-40 inside shoulder width • Pass slower moving traffic below 45 MPH The voice of the regional business community on transportation @RTATriangle Regional Transit
  124. 124. Multimodal Freeways and Streets Freeway And Street-based Transit (“FAST”) network vision • Study partnership with RTA, NCDOT, GoTriangle
  125. 125. Multimodal Freeways and Streets Freeway And Street-based Transit (“FAST”) network vision • Study partnership with RTA, NCDOT, GoTriangle Not anti-car or truck… Just transit-first Prioritize transit reliability, accessibility in corridor design, operations, upgrades
  126. 126. 139 Open to traffic (42 miles) I-540& TriangleExpressway Underconstruction (18 miles) SouthernWake Expressway(Phase I) Missing link (11 miles) EasternWake Expressway(PhaseII) 540 Beltway
  127. 127. Triangle Bikeway
  128. 128. 1. Identify sustainable funding for RDU 2. Accelerate enhanced transit corridors and service 3. Improve travel time and reliability for I-40 4. Support innovative mobility solutions 5. Modernize highway funding business model 2021 RTA Priorities: Equity, Recovery, Opportunity The voice of the regional business community on transportation @RTATriangle
  129. 129. Fast, enhanced transit Accelerated completion of regional transit corridors Modernizing State Highway Funding The problem • Some vehicles becoming more fuel efficient • Electric vehicles cannot pay gas taxes – although they do pay a partial access fee • Existing “indirect user fee” fuel tax system unfair, politically incapable of providing enough revenue • Inherent volatility in revenue due to economic downturns, pandemics The voice of the regional business community on transportation @RTATriangle
  130. 130. Fast, enhanced transit Accelerated completion of regional transit corridors Modernizing State Highway Funding Example solution: Vehicle registration-based “access fee” • Change business model to “access-based user fee” • Create monthly (e.g.) fee – effectively an expanded vehicle registration fee • Then reduce or eliminate gas tax so that average driver pays same as today • Benefit: Increases fairness; reduces volatility in highway funding due to changes in travel, vehicle mix The voice of the regional business community on transportation @RTATriangle
  131. 131. RTA - REGIONAL TRANSPORTATION ALLIANCE More background: letsgetmoving.org / 2021letter The voice of the regional business community on transportation @RTATriangle
  132. 132. THE VOICE OF THE REGIONAL BUSINESS COMMUNITY ON TRANSPORTATION Joe Milazzo II, RTA Executive Director joe@letsgetmoving.org 919.664.7065
  133. 133. Segment 3 Q&A #CHCCriticalIssues
  134. 134. Thank you! #CHCCriticalIssues If you have additional questions, please email Katie Loovis (kloovis@carolinachamber.org) Register for the May 27th Local Economic Development Forum at carolinachamber.org/criticalissues

Editor's Notes

  • COVER PAGE
  • a) Depth of Population

    With a population that’s projected to grow 70.7% over the next 30 years—you can bet that our region is in the midst of major transformation.
    Source: U.S. Conference of Mayors. 2017. "Metro Economics: Past and Future Employment" http://usmayors.org/metroeconomies/0615/report.pdfUS
    Wake County is Growing By 64 People Per Day
    Source: U.S. Census Bureau, Population Division; PEPTCOMP - Estimates of the Components of Resident Population Change: April 1, 2010 to July 1, 2018; 2018 Population Estimates

    Wake County Population Growth (2013-2018): 10.4%
    Wake County Population (2018): 1,089,617
    Wake County Population Growth (2018-2023): 11.1%
    Wake County Population (2023): 1,210,564
    Wake County’s population has increased by 132% since 1990
    Source: EMSI

    RANKINGS (updated 2.26.19)
    #1 Fastest Growing Suburb in the U.S. (Apex, NC) Realtor.com | July 2018
    #2 Best Place to Live in America (Raleigh, NC) Money Magazine | September 2018
    #2 Best City for Young Professionals (Raleigh, NC) SmartAsset | August 2018
    #3 Biggest Boomtowns in America (Raleigh, NC) Magnify Money | August 2018
    4th-Highest Migration Increase in the U.S. from 2015 to 2016 (North Carolina) American City Business Journals | September 2018
    #6 Biggest Millennial Boomtowns in America (Raleigh, NC) Magnify Money | October 2018
    #6 Best City to Raise a Family (Raleigh, NC) Zumper | August 2018
    #6 Best State Capital to Live In (Raleigh, NC) WalletHub | February 2018
    #7 U.S. City that has Changed the Most in the Past Decade (Raleigh, NC) MaginfyMoney | October 2017
    #7 State Where Millennials are Moving - SmartAsset | June 2018
    #10 Fastest Growing State in the U.S. Census Bureau | December 2018

  • The strategy is composed of five key pillars to drive the economic development success of Wake County and the Research Triangle region.
  • The strategy is composed of five key pillars to drive the economic development success of Wake County and the Research Triangle region.
  • Four industries that deserve special attention are Life Sciences, Advanced Manufacturing, IT & Technology, and Clean Tech & Smart Grid. Through our efforts as an economic development organization and the strong network of each industry, we believe we offer these industries a distinct competitive advantage over other communities.

    Software/IT: From SAS, the world’s largest private software company, to open source giant Red Hat and dozens of tech startups, the Triangle’s tech industry is growing rapidly, spurring innovation and attracting talent to the region.

    59,900 jobs, 3,916 companies
    Subsectors: Analytics, Health Technology, Financial Technology, Internet-of-Things, Defense Technology, Software Development
    Avg. Annual Salary: $124,741; National Avg. Annual Earnings: $134,000
    Major Tech Companies: SAS, IBM, Lenovo, Red Hat, HCL, Cisco, Oracle, Infosys, Citrix, Metlife, NetApp, Bandwidth, HCL, IHS Markit, Credit Suisse, Pendo and more
    In November 2018, Raleigh, NC was recognized by Brookings Institution for being America’s 2nd Most Digitally Inclusive Tech Cities. “Raleigh, like many of the country’s university towns, illustrates how centers of research activity can foster innovation-driven economic growth.
    Companies in the Tech target cluster include software developers, telecommunication companies, semiconductor manufacturers, and a slew of other computer-based services.

    Life Sciences: The Triangle region is recognized globally as a leader in life sciences and biotechnology.

    31,290 jobs, 600+ companies
    Subsectors: Precision & Human Health, Agriculture, Bio Defense, Vaccines & Biomanufacturing, Biofuels, Nano-biotechnology
    Avg. Annual Salary: $142,900; National Avg. Annual Earnings: $128,700
    Major Life Science Companies: Biogen, Bayer CropScience, GlaxoSmithKline, Iqvia, BASF, Syneos Health, Pfizer, Grifols, PPD, Siemens, Teleflex Medical, Marken, Syngenta, Biomerieus, Merck, Seqirus, BD Technologies, FujiFilm Diosynth, HCL, Novo Nordisk, Mallinckrodt Pharmaceuticals, Purdue, Merz, Novantherapeutics, Corning, Medicago, United Therapeutics
    The Raleigh-Durham market consistently ranks as one of the leading life sciences cluster in the nation. The region benefits from an abundance of life sciences talent and a disproportionate amount of NIH funding compared to other regions.
    According to CBRE’s 2019 Life Science Report, Raleigh-Durham life sciences employment has grown the third-fastest among major markets over the past three years at 12.1%, just behind Boston and San Francisco. This growth demonstrates the amount of momentum in the local industry, especially with a recent surge in venture capital funding.

    Advanced Manufacturing: Located in the heart of North Carolina's Research Triangle, Wake County's proximity to world-renowned research universities, multi-modal transportation facilities, and a highly skilled workforce make it a global center for advanced manufacturing.
    12,570 jobs, 180 companies
    Sub-Sectors: Chemical & Pharma, Machinery, Computer & Electronic, Medical Equip. & Supplies, Electrical Equip. & Appliance & Component
    Avg. Annual Salary: $86,000; National Avg. Annual Earnings: $92,700
    Major Advanced Manufacturing Companies: AW North Carolina, Xylem, Cree, ABB, CaptiveAire, Elster Honeywell, Siemens, Lord Corp, Teleflex Medical, Oracle, Sigma, Apex Tool Group, Schneider Electric, Intersil, ATI Industrial Automation, TE Connectivity, Caterpillar, Flextronics, GE Aviation, Novozymes, Dupont
    In the past five years, employment in the sector has more than doubled to 11,900 in the region, even as it shrank by 55,000 positions nationwide.
    NC State will serve as the southeast hub for a new $140 million, Smart Manufacturing Innovation Institute (SMII). NC State is already the headquarters for Power America, one of nine already established institutes focusing on advanced materials and technology.

    Cleantech/Smart Grid: The Triangle region is a global leader in smart grid innovation and cleantech.

    26,950 jobs, 350+ companies
    Sub-sectors: Smart Grid, Smart Energy, Smart Water, Smart Transportation
    Avg. Annual Salary: $112,660; National Avg. Annual Earnings: $103,300
    Major Cleantech/SmartGrid Companies: Pentair, Xylem, Duke Energy, Itron, Trilliant, SAS, field2base, Powersecure, Tantalus, Koolbridge, Siemens Energy, ABB, TE Connectivity, Buhler Aeroglide, Cree, Eaton, Power Analytics, Hexatech, Gridbridge, Purologix Water Services, EnergyICT, Electricities, Elster Honeywell, Gridiant, Syngenta, Beroe, FGI, FilterEasy
    #1 Percentage of Cleantech STEM Jobs (Research Triangle)
    In 2015 the Region had the largest percentage share of Cleantech STEM employees, tied with Austin, among the comparative regions. This percentage has increased significantly since 2005, when the region was ranked second.
    #2 State for Installed Solar Power Capacity (North Carolina) Business Facilities | July 2018
    The region’s Research Triangle Cleantech Cluster (RTCC) is one of just 11 members of the International Cleantech Network and is one of the top locations in the country for smart grid innovation.














  • a) Depth of Population

    With a population that’s projected to grow 70.7% over the next 30 years—you can bet that our region is in the midst of major transformation.
    Source: U.S. Conference of Mayors. 2017. "Metro Economics: Past and Future Employment" http://usmayors.org/metroeconomies/0615/report.pdfUS
    Wake County is Growing By 64 People Per Day
    Source: U.S. Census Bureau, Population Division; PEPTCOMP - Estimates of the Components of Resident Population Change: April 1, 2010 to July 1, 2018; 2018 Population Estimates

    Wake County Population Growth (2013-2018): 10.4%
    Wake County Population (2018): 1,089,617
    Wake County Population Growth (2018-2023): 11.1%
    Wake County Population (2023): 1,210,564
    Wake County’s population has increased by 132% since 1990
    Source: EMSI

    RANKINGS (updated 2.26.19)
    #1 Fastest Growing Suburb in the U.S. (Apex, NC) Realtor.com | July 2018
    #2 Best Place to Live in America (Raleigh, NC) Money Magazine | September 2018
    #2 Best City for Young Professionals (Raleigh, NC) SmartAsset | August 2018
    #3 Biggest Boomtowns in America (Raleigh, NC) Magnify Money | August 2018
    4th-Highest Migration Increase in the U.S. from 2015 to 2016 (North Carolina) American City Business Journals | September 2018
    #6 Biggest Millennial Boomtowns in America (Raleigh, NC) Magnify Money | October 2018
    #6 Best City to Raise a Family (Raleigh, NC) Zumper | August 2018
    #6 Best State Capital to Live In (Raleigh, NC) WalletHub | February 2018
    #7 U.S. City that has Changed the Most in the Past Decade (Raleigh, NC) MaginfyMoney | October 2017
    #7 State Where Millennials are Moving - SmartAsset | June 2018
    #10 Fastest Growing State in the U.S. Census Bureau | December 2018

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