Chapel Hill-Carrboro Region


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Chapel Hill-Carrboro Region

  1. 1. It’s smart business.
  2. 2. About the Chamber• Our Mission: to serve and advance the business interests of our members and to support the mission of the Chamber’s Foundation for a Sustainable Community. • The Foundation invests business and community resources to promote and advance the triple bottom line of community sustainability: environmental stewardship, social equity and economic prosperity.
  3. 3. Who We Are and Serve • 940 Members: • 80% have 20 or fewer employees • Collectively they employ 50,000 people • 35 Board Members • 6 Chamber employees, with four additional Foundation employees $1,400,000 Foundation $1,200,000 Chamber $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 2001 2002 2003 2004 2005 2006 2007 2008 (budget)
  4. 4. Chapel Hill – Carrboro Region• We are ‘nestled ‘in the rolling, wooded Piedmont of North Carolina. Our towns are located three hours from the Atlantic coast and three hours from the Blue Ridge Mountains, half way between Atlanta and Washington DC. • Population: • Chapel Hill: 51,485 | Carrboro: 17,585 • Orange Co: 120,881 • Research Triangle Region : 1.5 million
  5. 5. What Sets Us ApartBig City Amenities with a Small Town Feel $678m #1 in sponsored research Top state business funding at UNC-Chapel climate Hill Office of Sponsored Research Site Selection, 2007 #10 highest Large metro for business Average SAT Score of all NC attraction School Districts Expansion Management, 2007 11#1 Colleges and universitiesBest public school value: in a 20 mile radiusUNC-Chapel Hill 100%Kiplinger’s Personal Finance. 2008 Classrooms connected to the internet
  6. 6. Our Economic Position • The University of North Carolina at its partner health care system are the top employers ($1.2 billion+ in annual wages). • 8 of the top ten largest employers are public or nonprofit organizations. • Housing is relatively expensive with the average single family house price exceeding $425,000. • Unemployment is historically low (2-3%), but growing (5%) • 40% of workers commute into the county for work, 40% of residents commute out of the county for. • There are only 86 jobs for every 100 workers. • $650 million in new commercial and mixed use development is approved or in the pipeline.
  7. 7. Regional Assets • The Research Triangle Region has more PhDs per capita than anywhere in the US • Chapel Hill and Carrboro have more restaurants per capita than anywhere in the US (1:200) • The state of NC pays 50% of all wages earned in Orange County • 28,200 undergraduate, graduate and professional student at UNC Chapel Hill
  8. 8. Regional Assets • Exceptional Performing Arts Venues • Quality College Athletics • Well Educated Population • Extensive, Fare-Free Public Transportation • Substantial Parks, Greenways and Bike Paths • Well-Protected Natural Environment