2015 Chatham Development Briefing
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Presentation by Chris Ehrenfeld, EDC chair, at Chatham Chamber's annual development briefing. This includes the slides that show different statistics based on county census tracts, which Chatham Commissioner Crawford mentioned in his update at the event.
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2015 Chatham Development Briefing
- 1. Economic Development Update CHRIS EHRENFELD CHAIR, CHATHAM ECONOMIC DEVELOPMENT CORPORATION
- 2. • Chatham County Profile • About Chatham EDC • Major developments • New growth
- 5. 43.5% 28.7% 19.8% 13.2% Wake Chatham Durham Orange Population Growth
- 7. Workforce = 1,000 people in labor force
- 9. = $100 Chatham County North Carolina Average Weekly Wage
- 10. = 1,000 people unemployed Unemployment
- 11. $0.63 of every consumer dollar is spent outside Chatham County Estimated loss in Chatham County sales tax revenue = $9M 40% 27% 18% 15% County Revenue Sources Property Taxes Other Intergovernmental Transfers Sales Tax Bedroom Community Impact
- 12. Residential $6.5 Billion 77.13% Present-Use $1.2 Billion 13.92% Commercial $0.6 Billion 7.49% Industry $0.1 Billion 1.46% Other $0.0 Billion 0.00% Total $8.4 Billion 100.00% Residential Present-use Commercial Industry 91% 9% Chatham County Tax Base
- 13. $1.14 $0.33 $0.58 Residential Commercial Farmland Cost of Community Services
- 27. About The Chatham Economic Development Corporation is a private, non-profit organization working to make Chatham County the preferred location for emerging growth companies. By attracting new companies, helping existing businesses and assisting new ventures, the Chatham EDC encourages new job creation and private investment in property and equipment.
- 28. Objectives Attraction Target established businesses located outside the county and encourage them to move into Chatham Retention and Expansion Support established businesses within Chatham County, to maintain existing jobs and help firms grow Entrepreneurship Help small businesses locate resources and support, including technical and marketing assistance and financing sources
- 29. Prime Sites
- 30. Merry Oaks-Moncure Industrial Site MONCURE, NORTH CAROLINA
- 33. Chatham-Siler City Advanced Manufacturing Site SILER CITY, NORTH CAROLINA
- 37. Central Carolina Business Campus SILER CITY, NORTH CAROLINA
- 39. Chatham Park PITTSBORO, NORTH CAROLINA
- 41. Buildings & Sites Database
- 42. New Growth
- 44. Walker Napa Auto
- 46. Bellemont Station Photo: Town of Pittsboro
- 49. Polk Village
- 50. Briar Chapel
- 51. Get Involved www.chathamedc.org Sign up for our newsletter and stay in touch with social media Dianne Reid President, Chatham EDC dreid@chathamedc.org 919-542-8275
Editor's Notes
- Today we’re going to give you an overview of Chatham County, the Economic Development Corporation, a few ongoing projects, and proposed developments.
- Chatham County is a rural county in Central North Carolina. With 709 acres, it’s the 20th largest county out of North Carolina’s 100 counties.
- Between 2000 and 2010, the population grew by nearly 30%. That’s a faster rate than two of our neighboring urban counties. That growth is sustained. Between July 2013 and July 2014, Chatham County grew by 2.9%. That was the second highest in the state, and the fastest in the Triangle. The population is currently just under 69,000. WAKE: 43.5% DURHAM: 19.8% ORANGE: 13.2% *Union County was the fastest growing
- In spite of the tremendous growth, population density remains low.
- Still, Chatham County faces challenges with providing well-paying jobs for its educated and skilled workforce. There are just more than 32,000 residents in the workforce. *32417
- But, there are fewer than 15,000 jobs in Chatham County. *14269 jobs 32417 5.2%
- Those who do work here, on average, earn significantly less than the average North Carolina worker. CHATHAM: $642 NC: $865
- With a 5.2% unemployment rate, that leaves more than half of our resident workforce commuting out of Chatham County every day for work. (5.2% is the sixth lowest rate in the state)
- This impacts Chatham County’s tax revenue. A study of 2012 data shows that residents spent $0.63 of every dollar outside of the County, amounting to over $9 million lost is sales tax revenue annually. This retail leakage can be attributed to the number of out-commuters and insufficient commercial and retail development to meet residents’ demands.
- Chatham County’s tax base is more than 77 percent residential, about 14 percent agricultural, and less than 9 percent commercial and industrial. This creates problems. For comparison, Lee County’s tax base is 24.8 percent commercial and industrial, Orange’s is 14.1 percent, Durham’s is 37.9 percent, and Wake’s is 22.3 percent.
- Why is the heavy reliance on residential tax payers a problem? Because residential development does not pay for itself, generating $1.14 in service demands for every $1 in taxes paid, while commercial development costs only $0.33 for every $1 in taxes.
- Now that you see that we need economic development in Chatham County, let’s talk about our primary vehicle for attracting more companies to Chatham County, the Chatham EDC.
- The Chatham EDC is a private, non-profit organization based in Pittsboro. We focus on attracting new businesses, retaining and expanding existing businesses, and helping entrepreneurs grow.
- The jobs and investment result from our three areas of focus: Attraction, Retention and Expansion – retain succeeding businesses and get them to grow right here in Chatham County, and Entrepreneurship
- We have three major ongoing developments that Chatham EDC has been working on. Two in eastern Chatham and one in western Chatham have the potential to jump start job growth and transform the balance of the county’s tax base.
- First, the Merry Oaks Moncure site.
- The Merry Oaks-Moncure Industrial site is located in southeast Chatham, at the intersection of US 1 and Old US 1.
- The site is 2,700+ acres and growing. While still in preliminary planning stages, the site shows promise with highway access and rail service. Last year, the site underwent evaluation through Duke Energy’s Site Readiness Program. Site consultants McCallum Sweeney identified automotive, aviation, and plastics as potential target industries for this site.
- The second major project is the Chatham-Siler City Advanced Manufacturing Site, or, CAM Site.
- This site was also evaluated by McCallum Sweeney, who noted a significant concentration of manufacturing in the region. Manufacturing employs 15,400 people in Chatham and Randolph counties alone. The site was certified by North Carolina last June, making it an even more attractive destination to an industrial employer.
- The 1,818 acre site has 1,445 developable acres and was zoned Heavy Industrial by Siler City earlier this year. It has almost a mile of rail frontage on the northeast border and frontage on Highway 64 on the southeast. Preliminary plans for a Highway 421 connector are complete. To its southwest, there’s a 290 acre support park. This would potentially serve as an area for mixed use commercial development to serve the larger site’s eventual end-user.
- This image shows what an automotive manufacturer on the site could look like. The outlined buildings total 3.6 million square feet, with plenty room to grow.
- Another Siler City site is the Central Carolina Business Campus.
- The business campus has parcels still available for development, shaded in purple. The buildable acres total about 135. Other tenants include Chatham Hospital, Central Carolina Community College, and the Department of Public Safety.
- Last, Chatham Park, which your may have heard of.
- Chatham Park consultant Philip Culpepper will be telling you more about this 7,100 acre development east of Pittsboro, but here’s a teaser.
- A searchable database of smaller available buildings and sites is available through the EDC’s website. If you’d like to list a commercial property, contact the EDC. All listings are free.
- There are several new and expanding businesses, particularly throughout the 15-501 cooridor.
- Pittsboro Feed is expanding with a new pet supply location on East Street, across from its current location. The 4,400 SF building is expected to be completed this fall.
- Walker Napa Auto, located on West Street near the community college, is building a new 6400 SF facility on East Street in the Food Lion shopping center. This shows the building in early July. It’s nearing completion now.
- Bellemont Station, on 15-501 nearly US 64 Bypass, has two ongoing projects. The first is a 17,000 SF commercial building next to Lowe’s Home Improvement.
- Bellemont Station, on 15-501 nearly US 64 Bypass, has two ongoing projects. The second is a 152 acre mixed-use development. Four apartment buildings with 76 units are nearing completion. The development will include single family homes – highlighted in yellow on the map - as well as designated commercial space – highlighted by the dark orange on the map.
- On 15-501 near Walmart, a $2.1 million, 54,000 SF two-story storage facility is under construction.
- Nearly two years ago, a Charlotte development group purchased Cole Park Plaza. Now called North Chatham Village, developers are overhauling the entire center. Several buildings have been demolished and remaining buildings are being upfitted with modern facades. The owners are also working to attract national chains.
- Polk Village continues to grow. Rainbow Child Care, UNC Pediatrics and Internal Medicine, Chatham Ridge assisted living are all open. A multi-tenant commercial space is also starting to fill.
- And as you’ve already Briar Chapel has started on the commercial part of its development.
- 1. Visit our website at www.chathamedc.org for more information. At the bottom of the page, you can sign up for our newsletter. 2. Spend your money in Chatham County – support Chatham businesses. 3. Tell people what a great place Chatham is to live and to do business. QUESTIONS?