The document summarizes an economic outlook forum held on March 25, 2021. It includes welcome remarks from local officials and organizations. The key presentation was given by Dr. Michael Walden on the economic outlook for 2021 as the post-pandemic economy emerges. He discussed trends showing an improving economy with falling COVID cases and rising vaccinations. However, variants remain a risk. The recession was deep but short-lived. The outlook forecasts continued growth in North Carolina's GDP and falling unemployment rate. Implications were discussed for education, remote work, residential locations, and the research triangle region.
This document provides an economic overview and analysis of employment trends in the United States and Maryland from 2009 to 2019. It includes charts and data on topics like GDP growth, unemployment rates, job openings, industrial production, and employment levels by industry in different states and metro areas. The data shows steady job growth and declining unemployment rates at both the national and state levels over the past decade since the Great Recession. Maryland added over 15,000 jobs between March 2018 and March 2019, with most gains in the Baltimore, Washington D.C., and Hagerstown metro areas.
Leadership Chapel Hill-Carrboro (Leadership) is an extensive program designed to inform, develop, connect, and engage committed and emerging leaders in Greater Chapel Hill-Carrboro.
This presentation was delivered during Leadership 2022, Session #8 on Economic and Community Development.
What: The Economic Outlook Forum Featuring Renowned Economist Dr. Michael Walden
Why: The purpose of this forum was for Chamber members and friends to receive timely information on the current performance and future predictions of our national, state, regional, and local economy.
How: This forum was divided into two segments. The first segment featured Dr. Walden's forecast for our national, state, and regional economy. The second segment featured Chamber President and CEO Aaron Nelson framing the mechanics of our regional economy and sharing the results of the Chamber's annual local economic conditions survey.
About the Critical Issues Series: The 2022 Critical Issues Series (formerly known as the Policy Series) includes quarterly forums that feature influential guest speakers who address timely topics for Greater Chapel Hill-Carrboro related to the economy, economic development, public policy, and elections. The series is coordinated by The Chamber's Government Affairs Committee and presented by Chapel Hill Media Group, Durham Technical Community College, and ServPro of South Durham and Orange Counties with support from the Small Business and Technology Development Center (SBTDC), which provides free and confidential business counseling.
Herndon is a town located in Fairfax County near Washington Dulles International Airport that maintains a small-town charm while also being a major center for businesses like Amazon Web Services and Boeing. It has a historic downtown with shops and restaurants and hosts festivals throughout the year. Herndon is focused on mixed-use development around two new upcoming Metro stations that will improve transit access to the area. Nearly 30% of Herndon's firms have between 10-100 employees, and over half of residents have a bachelor's degree or higher. Major industries include professional services, food/accommodation, and information technology.
The document summarizes a public meeting to discuss a study evaluating options for regional economic growth in Western Chester County while preserving quality of life. Over 40 concepts were suggested to enhance economic growth. Meeting goals included gathering input on priority initiatives and addressing perceptions about the region. Key topics discussed included demographics, economic and transportation characteristics, land use issues, and business/industry opportunities in the region.
This document provides an economic overview and analysis of employment trends in the United States and Maryland from 2009 to 2019. It includes charts and data on topics like GDP growth, unemployment rates, job openings, industrial production, and employment levels by industry in different states and metro areas. The data shows steady job growth and declining unemployment rates at both the national and state levels over the past decade since the Great Recession. Maryland added over 15,000 jobs between March 2018 and March 2019, with most gains in the Baltimore, Washington D.C., and Hagerstown metro areas.
Leadership Chapel Hill-Carrboro (Leadership) is an extensive program designed to inform, develop, connect, and engage committed and emerging leaders in Greater Chapel Hill-Carrboro.
This presentation was delivered during Leadership 2022, Session #8 on Economic and Community Development.
What: The Economic Outlook Forum Featuring Renowned Economist Dr. Michael Walden
Why: The purpose of this forum was for Chamber members and friends to receive timely information on the current performance and future predictions of our national, state, regional, and local economy.
How: This forum was divided into two segments. The first segment featured Dr. Walden's forecast for our national, state, and regional economy. The second segment featured Chamber President and CEO Aaron Nelson framing the mechanics of our regional economy and sharing the results of the Chamber's annual local economic conditions survey.
About the Critical Issues Series: The 2022 Critical Issues Series (formerly known as the Policy Series) includes quarterly forums that feature influential guest speakers who address timely topics for Greater Chapel Hill-Carrboro related to the economy, economic development, public policy, and elections. The series is coordinated by The Chamber's Government Affairs Committee and presented by Chapel Hill Media Group, Durham Technical Community College, and ServPro of South Durham and Orange Counties with support from the Small Business and Technology Development Center (SBTDC), which provides free and confidential business counseling.
Herndon is a town located in Fairfax County near Washington Dulles International Airport that maintains a small-town charm while also being a major center for businesses like Amazon Web Services and Boeing. It has a historic downtown with shops and restaurants and hosts festivals throughout the year. Herndon is focused on mixed-use development around two new upcoming Metro stations that will improve transit access to the area. Nearly 30% of Herndon's firms have between 10-100 employees, and over half of residents have a bachelor's degree or higher. Major industries include professional services, food/accommodation, and information technology.
The document summarizes a public meeting to discuss a study evaluating options for regional economic growth in Western Chester County while preserving quality of life. Over 40 concepts were suggested to enhance economic growth. Meeting goals included gathering input on priority initiatives and addressing perceptions about the region. Key topics discussed included demographics, economic and transportation characteristics, land use issues, and business/industry opportunities in the region.
This document summarizes key career trends and influencing factors based on a presentation by Sandy Punch. It outlines factors like population growth, workforce demographics, industry shifts, and the largest growing occupations in California. Strategies are suggested for students to prepare for future careers through lifelong learning, internships, networking, and continuing education as careers may change multiple times. Emerging jobs are speculated that may come from fields like nanotechnology, artificial intelligence, and environmental technologies.
Alleghany ashe wilkes pathways to prosperity LMI Dataadriantait
This document provides an overview of labor market data for career pathway development in Alleghany, Ashe, and Wilkes Counties in North Carolina. It finds that while many young people in the region face high unemployment rates, there is also evidence of a skills gap. The largest employing industries in the counties include healthcare, manufacturing, retail, and government. Manufacturing employment has declined overall but some subsectors have grown. In-demand occupations requiring short-term on-the-job training or a post-secondary credential include various healthcare roles, mechanics, and technicians. The document analyzes employment trends to identify opportunities for career pathway programming.
Exploring economic development in Chapel Hill and Carrboro and unpacking what's underway, why it matters, and what we can expect going forward.
Speakers:
Aaron Nelson, The Chamber For a Greater Chapel Hill-Carrboro
Dwight Bassett, Town of Chapel Hill Economic Development
Matt Gladdek, Chapel Hill Downtown Partnership
Sheryl Waddell, Innovate Carolina
John Hartman-Brown, Town of Carrboro Economic Development
The 2021 Critical Issues Series is presented by WCHL & Chapelboro.com, Duke Energy, and Durham Tech.
The document summarizes demographic and economic statistics about the city of Chandler, Arizona. It notes that the population was 253,393 in 2008 and is projected to reach 272,700 by 2015. Over half of residents have a bachelor's degree and the median household income is $71,287. Major employers include Intel, the Chandler School District, and Wells Fargo. The city has experienced significant growth and focuses on attracting high-tech, aerospace, and advanced business industries.
The document discusses the broadband imperative for rural communities like Mississippi Mills, Ontario. It notes that natural market forces favor urban environments, while rural areas face challenges such as an aging population and declining employment in core industries. Broadband infrastructure is as critical as transportation infrastructure for rural viability and growth. The MM2020 initiative works to assess broadband needs in Mississippi Mills and facilitate accelerated deployment to all households by 2020. Surveys show over 50% of the population lacks adequate broadband access currently. Reliable broadband is imperative for agriculture, health services, knowledge workers, digital natives, work and recreation. The document outlines plans to move forward with a pilot project in Clayton and next steps to form public-private partnerships to fund broader deployment.
The document provides information about the Killeen, Texas region for economic development purposes. It summarizes that the Killeen region has experienced strong population and job growth in recent years. It highlights the large military presence of Fort Hood, which has a huge economic impact on the state of Texas. The document also outlines the region's competitive business costs, available workforce and incentives to support new business development.
The document summarizes a presentation on New Hampshire's economy given by Steve Norton of the NH Center for Public Policy. It discusses short and long term economic trends in NH including a slower recovery from the recession compared to other states, an aging population that will reduce the labor force, and the important role immigration plays in boosting NH's economy and labor force. It also covers panel discussions on the impact of global market turmoil, labor force challenges, and the need to improve NH's business tax competitiveness to encourage growth.
The document discusses recent economic developments in China and their impact globally. It notes that China's economic growth has slowed significantly in recent years to around 6.5% or potentially lower. This has led the Chinese government to devalue its currency to boost exports. However, the currency devaluation has diminished confidence in China's economy. Emerging markets that trade heavily with China have also been negatively affected. The Chinese stock market has seen significant declines in 2015 and 2016, entering a bear market.
Director Tony Bonen spoke at the First Work Futures virtual conference to discuss post-COVID labour market trends including what the data tells us and what LMI is available to use today in our communities.
This document provides information about Mattoon and Charleston in central Illinois, including demographic data, common industries, and details about FutureGen, a clean coal power plant project. It notes that Tony Romo attended Eastern Illinois University near Mattoon. It also summarizes that Logan Place Suites offers furnished two-bedroom apartments in Mattoon and could help address temporary housing needs arising from the FutureGen construction project.
This document provides a summary of labor market and workforce data for McHenry County, Illinois. It includes demographic information on the population, industries, occupations, education levels, and wages. Recent highlights of the county's workforce programs are also summarized, outlining participation rates, training outcomes, and performance goals. The document aims to identify economic strengths and opportunities to inform business and community leaders.
1) The Cash Flow Project surveyed residents in Miner County, South Dakota about their spending habits. Analysis of the survey data found that residents spent 10% more of their disposable income outside of Miner County.
2) If 600 residents in Miner County earning $22,000 annually increased their local spending by 10%, it would result in $622,776 more money circulating in the local economy. Factoring in an economic multiplier effect, the total economic impact could be over $7 million.
3) Between 1996 and 1997, as a direct result of the Cash Flow Project, total gross sales in the county increased by $15.6 million, a 41.1% rise from the previous year. The
The document provides an overview of the Albany, NY media market, including population and industry statistics. It highlights several major industries in the region including government, education, and healthcare. The market is poised for growth with billions already invested in new projects. Retailers have expanded in the area and unemployment and home values have increased compared to other upstate NY cities like Buffalo and Rochester. The Times Union media company provides various print, online, mobile, and direct mail advertising options to reach consumers in the Albany market.
From the press briefing for the Center City District's State of Center City report. State of Center City 2011 is downtown Philadelphia’s “annual report” that looks at all aspects of the downtown economy and makes recommendations to enhance the attractiveness and competitiveness of Center City. Download or order a copy at http://centercityphila.org/socc/
Education: Strengthening our Workforce Pipeline
Panelists:
• Brett Brenton, Regional Impact Manager, myFutureNC (moderator)
• Al Ciarochi, Deputy Superintendent of Operations, Chapel Hill Carrboro City Schools
• Abe Dones, Vice President and Chief Student Services Officer, Durham Technical Community College
• Julie Pack, Incoming Chief Academic Officer, Orange County School District
• Rodney Trice, Deputy Superintendent of Teaching & Learning, Equity & Engagement, Chapel Hill Carrboro City Schools
Download Brett’s presentation <LINK>
Highlights from the session included:
• Brett Brenton opened the session with an overview of myFutureNC and emphasized the importance of aligning educational efforts with the needs of high-demand sectors such as healthcare, technology, and building trades.
• Panelists discussed the evolving landscape of talent development and its impact on educational strategies, and shared opportunities for collaboration among educational institutions and employers to improve outcomes.
• The session closed with discussion about role for the Chamber’s forthcoming employer-led Workforce Council.
Increasing Housing Supply & Affordability
Panelists:
• Delores Bailey, Executive Director, Empowerment Inc.
• Lee Bowman, Principal, Legion Land & Development
• Kimberly Sanchez, Executive Director, Community Home Trust
• Sarah Viñas, Director, Affordable Housing and Community Connections Department, Town of Chapel Hill (moderator)
Highlights from the session included:
• Sarah presented the Chapel Hill Affordable Housing Plan, detailing local strategies to increase the supply of affordable housing, including ownership and for-rent units, through public, non-profit and private development.
• Delores and Kimberly each explained their models to deliver more affordable housing units, and Lee illuminated the practical challenges for housing affordability in our community.
• The panel highlighted some policy change opportunities, particularly in the pending LUMO update, that could create a more favorable environment for new housing projects across the affordability spectrum.
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This document summarizes key career trends and influencing factors based on a presentation by Sandy Punch. It outlines factors like population growth, workforce demographics, industry shifts, and the largest growing occupations in California. Strategies are suggested for students to prepare for future careers through lifelong learning, internships, networking, and continuing education as careers may change multiple times. Emerging jobs are speculated that may come from fields like nanotechnology, artificial intelligence, and environmental technologies.
Alleghany ashe wilkes pathways to prosperity LMI Dataadriantait
This document provides an overview of labor market data for career pathway development in Alleghany, Ashe, and Wilkes Counties in North Carolina. It finds that while many young people in the region face high unemployment rates, there is also evidence of a skills gap. The largest employing industries in the counties include healthcare, manufacturing, retail, and government. Manufacturing employment has declined overall but some subsectors have grown. In-demand occupations requiring short-term on-the-job training or a post-secondary credential include various healthcare roles, mechanics, and technicians. The document analyzes employment trends to identify opportunities for career pathway programming.
Exploring economic development in Chapel Hill and Carrboro and unpacking what's underway, why it matters, and what we can expect going forward.
Speakers:
Aaron Nelson, The Chamber For a Greater Chapel Hill-Carrboro
Dwight Bassett, Town of Chapel Hill Economic Development
Matt Gladdek, Chapel Hill Downtown Partnership
Sheryl Waddell, Innovate Carolina
John Hartman-Brown, Town of Carrboro Economic Development
The 2021 Critical Issues Series is presented by WCHL & Chapelboro.com, Duke Energy, and Durham Tech.
The document summarizes demographic and economic statistics about the city of Chandler, Arizona. It notes that the population was 253,393 in 2008 and is projected to reach 272,700 by 2015. Over half of residents have a bachelor's degree and the median household income is $71,287. Major employers include Intel, the Chandler School District, and Wells Fargo. The city has experienced significant growth and focuses on attracting high-tech, aerospace, and advanced business industries.
The document discusses the broadband imperative for rural communities like Mississippi Mills, Ontario. It notes that natural market forces favor urban environments, while rural areas face challenges such as an aging population and declining employment in core industries. Broadband infrastructure is as critical as transportation infrastructure for rural viability and growth. The MM2020 initiative works to assess broadband needs in Mississippi Mills and facilitate accelerated deployment to all households by 2020. Surveys show over 50% of the population lacks adequate broadband access currently. Reliable broadband is imperative for agriculture, health services, knowledge workers, digital natives, work and recreation. The document outlines plans to move forward with a pilot project in Clayton and next steps to form public-private partnerships to fund broader deployment.
The document provides information about the Killeen, Texas region for economic development purposes. It summarizes that the Killeen region has experienced strong population and job growth in recent years. It highlights the large military presence of Fort Hood, which has a huge economic impact on the state of Texas. The document also outlines the region's competitive business costs, available workforce and incentives to support new business development.
The document summarizes a presentation on New Hampshire's economy given by Steve Norton of the NH Center for Public Policy. It discusses short and long term economic trends in NH including a slower recovery from the recession compared to other states, an aging population that will reduce the labor force, and the important role immigration plays in boosting NH's economy and labor force. It also covers panel discussions on the impact of global market turmoil, labor force challenges, and the need to improve NH's business tax competitiveness to encourage growth.
The document discusses recent economic developments in China and their impact globally. It notes that China's economic growth has slowed significantly in recent years to around 6.5% or potentially lower. This has led the Chinese government to devalue its currency to boost exports. However, the currency devaluation has diminished confidence in China's economy. Emerging markets that trade heavily with China have also been negatively affected. The Chinese stock market has seen significant declines in 2015 and 2016, entering a bear market.
Director Tony Bonen spoke at the First Work Futures virtual conference to discuss post-COVID labour market trends including what the data tells us and what LMI is available to use today in our communities.
This document provides information about Mattoon and Charleston in central Illinois, including demographic data, common industries, and details about FutureGen, a clean coal power plant project. It notes that Tony Romo attended Eastern Illinois University near Mattoon. It also summarizes that Logan Place Suites offers furnished two-bedroom apartments in Mattoon and could help address temporary housing needs arising from the FutureGen construction project.
This document provides a summary of labor market and workforce data for McHenry County, Illinois. It includes demographic information on the population, industries, occupations, education levels, and wages. Recent highlights of the county's workforce programs are also summarized, outlining participation rates, training outcomes, and performance goals. The document aims to identify economic strengths and opportunities to inform business and community leaders.
1) The Cash Flow Project surveyed residents in Miner County, South Dakota about their spending habits. Analysis of the survey data found that residents spent 10% more of their disposable income outside of Miner County.
2) If 600 residents in Miner County earning $22,000 annually increased their local spending by 10%, it would result in $622,776 more money circulating in the local economy. Factoring in an economic multiplier effect, the total economic impact could be over $7 million.
3) Between 1996 and 1997, as a direct result of the Cash Flow Project, total gross sales in the county increased by $15.6 million, a 41.1% rise from the previous year. The
The document provides an overview of the Albany, NY media market, including population and industry statistics. It highlights several major industries in the region including government, education, and healthcare. The market is poised for growth with billions already invested in new projects. Retailers have expanded in the area and unemployment and home values have increased compared to other upstate NY cities like Buffalo and Rochester. The Times Union media company provides various print, online, mobile, and direct mail advertising options to reach consumers in the Albany market.
From the press briefing for the Center City District's State of Center City report. State of Center City 2011 is downtown Philadelphia’s “annual report” that looks at all aspects of the downtown economy and makes recommendations to enhance the attractiveness and competitiveness of Center City. Download or order a copy at http://centercityphila.org/socc/
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Education: Strengthening our Workforce Pipeline
Panelists:
• Brett Brenton, Regional Impact Manager, myFutureNC (moderator)
• Al Ciarochi, Deputy Superintendent of Operations, Chapel Hill Carrboro City Schools
• Abe Dones, Vice President and Chief Student Services Officer, Durham Technical Community College
• Julie Pack, Incoming Chief Academic Officer, Orange County School District
• Rodney Trice, Deputy Superintendent of Teaching & Learning, Equity & Engagement, Chapel Hill Carrboro City Schools
Download Brett’s presentation <LINK>
Highlights from the session included:
• Brett Brenton opened the session with an overview of myFutureNC and emphasized the importance of aligning educational efforts with the needs of high-demand sectors such as healthcare, technology, and building trades.
• Panelists discussed the evolving landscape of talent development and its impact on educational strategies, and shared opportunities for collaboration among educational institutions and employers to improve outcomes.
• The session closed with discussion about role for the Chamber’s forthcoming employer-led Workforce Council.
Increasing Housing Supply & Affordability
Panelists:
• Delores Bailey, Executive Director, Empowerment Inc.
• Lee Bowman, Principal, Legion Land & Development
• Kimberly Sanchez, Executive Director, Community Home Trust
• Sarah Viñas, Director, Affordable Housing and Community Connections Department, Town of Chapel Hill (moderator)
Highlights from the session included:
• Sarah presented the Chapel Hill Affordable Housing Plan, detailing local strategies to increase the supply of affordable housing, including ownership and for-rent units, through public, non-profit and private development.
• Delores and Kimberly each explained their models to deliver more affordable housing units, and Lee illuminated the practical challenges for housing affordability in our community.
• The panel highlighted some policy change opportunities, particularly in the pending LUMO update, that could create a more favorable environment for new housing projects across the affordability spectrum.
What: The Economic Forecast Forum presented by Adkin CPA PLLC and Chapel Hill Media Group
When: Thursday, February 22, 2024 from 8:00am-10:00am
8:00am-8:30am: Coffee networking
8:30am-10:00am: Program
Where: The Lumina Theater
Why: The purpose of this forum is for Chamber members and friends to receive timely information on the current performance and future predictions of our national, state, regional, and local economy.
How: This forum will be divided into two segments. The first segment will feature Dr. Walden's forecast for our national, state, and regional economy. The second segment will feature Chamber President and CEO Aaron Nelson's summary of findings from The Chamber's annual local economic conditions survey.
Sponsored by: Chapel Hill Media Group, The Lumina Theater, and Weaver Street Market.
Leadership Chapel Hill-Carrboro (Leadership) is an extensive program designed to inform, develop, connect, and engage committed and emerging leaders in Greater Chapel Hill-Carrboro.
Leadership Chapel Hill-Carrboro (Leadership) is an extensive program designed to inform, develop, connect, and engage committed and emerging leaders in Greater Chapel Hill-Carrboro.
Leadership Chapel Hill-Carrboro is an extensive program designed to inform, develop, connect, and engage committed and emerging leaders in Greater Chapel Hill-Carrboro.
Learn more at www.CarolinaChamber.org/Leadership
Leadership Chapel Hill-Carrboro (Leadership) is an extensive program designed to inform, develop, connect, and engage committed and emerging leaders in Greater Chapel Hill-Carrboro.
Orange County and the Town of Chapel Hill provide economic development resources and programs to support small businesses and encourage new investment. Recent projects announced are expected to generate over 1,900 jobs with $2.4 billion in new investment. UNC Health is expanding its medical campus in Chapel Hill. TRG is developing several new multifamily housing communities in Chapel Hill, with the first units expected to be complete in 2024-2025.
The purpose of this virtual information session is to provide interested applicants with a convenient and easy way to learn more about Leadership 2023 - an extensive program designed to inform, develop, connect, and engage committed and emerging leaders in Greater Chapel Hill-Carrboro.
What: The Economic Outlook Forum Featuring Renowned Economist Dr. Michael Walden
When: Thursday, February 23, 2023
Where: The Lumina Theater
Why: The purpose of this forum is for Chamber members and friends to receive timely information on the current performance and future predictions of our national, state, regional, and local economy.
How: This forum will be divided into two segments. The first segment will feature Dr. Walden's forecast for our national, state, and regional economy. The second segment will feature Chamber President and CEO Aaron Nelson's summary of findings from The Chamber's annual local economic conditions survey.
About the Critical Issues Series: The 2023 Critical Issues Series (formerly known as the Policy Series) includes quarterly forums that feature influential guest speakers who address timely topics for Greater Chapel Hill-Carrboro related to the economy, economic development, public policy, and elections. The series is coordinated by The Chamber's Government Affairs Committee and presented by Chapel Hill Media Group and ServPro of South Durham and Orange Counties with support from the Small Business and Technology Development Center (SBTDC), which provides free and confidential business counseling. Special thank you to The Lumina Theater for hosting this event and Weaver Street Market for providing delicious coffee.
The document provides an agenda and overview for an employer information session on the Summer Careers Academy and Building Our Future registered youth apprenticeship program. Holly Fraccaro and Katie Loovis will discuss the academy and apprenticeship program, employer roles and responsibilities, and take questions from employers. The academy connects underserved youth to paid work experiences through an 8-week construction trades training program. Employers supervise and train apprentices part-time over the summer.
The document provides an agenda and information for an employer information session on the Summer Careers Academy and Building Our Future registered youth apprenticeship program. The agenda includes welcome remarks, an overview of the programs, roles and responsibilities of employers, and a group discussion. The document then provides details on the programs, including the inaugural 2022 cohort that connected 15 youth with 11 employers in the skilled trades. It outlines the in-classroom training, paid work experiences, and results of the program. Finally, it discusses the proposed 2023 schedule, employer eligibility and benefits, and employer roles and responsibilities in the program.
What: The Legislative Forum
When: Thursday, December 8, 2022 from 8:30am-10:00am
Why: In a quick 90 minutes, participants got timely updates as well as reflections and predictions on federal and state policies and legislative activities that matter to your business and our community.
Who: Invited speakers include elected officials who represent our community with U.S. Congress and the NC General Assembly and leaders who advocate for a Greater Chapel Hill-Carrboro.
About: The 2022 Critical Issues Series is presented by Chapel Hill Media Group, Durham Tech, Glen Lennox, and Servpro of South Durham and Orange Counties with support from the Small Business and Technology Development Center (SBTDC), which provides free and confidential business counseling.
Contact: For event-related questions, contact McKenzie Steagall at (443) 907-5476 (m). For content-related questions, contact Katie Loovis at (919) 696-0781 (m).
What: Inter-City Visit 2022 (ICV) Delegation Orientation
When: Thursday, October 13, 2022 from 4:00pm-5:30pm
Where: Chapel Hill Public Library, 100 Library Drive, Chapel Hill, NC 27514 (Meeting Room B)
Logistics: This is an in-person event. Free and convenient parking is available in the adjoining lots. Light refreshments will be provided. Attire is business casual.
Why: This 90-minute orientation will give Delegates an overview of the ICV 2022 learning objectives and agenda, and introduce delegates to one another and the technologies that will power our experience (Groupme and GuideBook). It is recommended that every delegate attend.
What: The Economic Development Forum
When: Thursday, September 29, 2022 from 8:30 a.m. - 10:00 a.m.
Why: What does it mean and what does it take to have a thriving community? This forum will look closely at economic development throughout Greater Chapel Hill-Carrboro and Orange County, and unpack what's underway, why it matters, and what we can expect going forward.
Panel Presentations
Steve Brantley, Orange County Economic Development
Dwight Bassett, Town of Chapel Hill Economic Development
Matt Gladdek, Chapel Hill Downtown Partnership
Jon Hartman-Brown, Town of Carrboro Economic Development
Shannan Campbell, Town of Hillsborough Economic Development
About the Critical Issues Series: The 2022 Critical Issues Series (formerly known as the Policy Series) includes quarterly forums that feature influential guest speakers who address timely topics for Greater Chapel Hill-Carrboro related to the economy, economic development, public policy, and elections. The series is presented by Chapel Hill Media Group, Durham Tech, Glen Lennox, and Servpro of South Durham and Orange Counties with support from the Small Business and Technology Development Center (SBTDC), which provides free and confidential business counseling.
Contact: For questions, contact Katie Loovis, The Chamber's Vice President for External Affairs at (919) 696-0781 (cell) or KLoovis@carolinachamber.org.
This presentation accompanied a zoom discussion about the Inter-City Visit and Leadership Conference happening Monday, October 24, 2022 - Wednesday, October 26, 2022. The delegation of ~75 business, government, nonprofit, education, and faith leaders will head to Asheville, NC with a stop in Winston-Salem. Learn more at www.CarolinaChamber.org/ICV
The document provides information on Orange County's use of funds from Article 46, a 1/4 cent retail sales tax. It summarizes spending in FY 2012-13 and FY 2021-22, which supports economic development through infrastructure, small business programs, education, and more. It also outlines recent job and investment announcements from companies expanding in Orange County totaling over 1,600 jobs and $338.7 million in investments.
The document outlines the agenda for a leadership session focusing on safety, equity, and civility. The day includes panels on safety and equity, workshops on dispute resolution and leadership, and a reflection activity. It also provides recaps and feedback from the previous session on economic and community development. The session aims to continue developing the participants' leadership skills through meaningful discussions and activities.
Presentation to Leadership Chapel Hill-Carrboro 2022 by Aaron Nelson, President and CEO, The Chamber, on Thursday, August 25, 2022 at The Siena Hotel in Chapel Hill, NC
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May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
10. ECONOMIC OUTLOOK 2021:
WELCOME TO THE POST-PANDEMIC ECONOMY
Dr. Michael L. Walden, Reynolds Distinguished Professor
North Carolina State University
11. THE VIRUS IS RETREATING AND THE ECONOMY IS GAINING
1.CASES, HOSPITALIZATIONS, & DEATHS TRENDING DOWN
2.VACCINATIONS ARE QUICKLY INCREASING
3.RESTRICTIONS ARE EASING
4.JOBS & ECONOMIC ACTIVITY ARE TRENDING HIGHER
5.FEDERAL GOVERNMENT IS PUMPING IN MORE MONEY
6.HOPES RISE FOR MORE NORMALCY BY THE FALL
12. BIGGEST WORRY:
VARIANTS HIT BEFORE
VACCINATIONS
PROTECT US
WORST CASE SCENARIO:
ECONOMY IS OPENED BEFORE
ENOUGH ARE VACCINATED,
LEAVING DOOR OPEN TO VARIANTS
13. RECESSION WAS
DEEP BUT SHORT
LARGE NEGATIVE
GROWTH IN SECOND
QUARTER 2020
BUT QUICK REBOUND IN
THIRD QUARTER 2020
14. MONTHLY CHANGE IN NON-FARM EMPLOYMENT, US & NC
US, Change in millions
-25
-20
-15
-10
-5
0
5
10
NC, Change in thousands
-700
-600
-500
-400
-300
-200
-100
0
100
200
300
15. MONTHLY CHANGE IN NON-FARM EMPLOYMENT, AS A
PERCENT OF FEBRUARY TOTAL EMPLOYMENT, US, NC, DUR-CHAPEL HILL
-16
-14
-12
-10
-8
-6
-4
-2
0
2
4
6
March April May June July August Sept Oct Nov Dec. Jan.
US NC Dur-Chapel Hill
16. UNEMPLOYMENT RATES, US, NC, DUR-CHAPEL HILL
2
4
6
8
10
12
14
February March April May June July August Sept. Oct. Nov. Dec. Jan.
US NC DUR-CHAPEL HILL
17. ORANGE CO. TAXABLE SALES & PURCHASES
120
140
160
180
200
220
240
jan feb mar april may june july aug sept oct nov dec
MILLIONS OF DOLLARS
2019 2020
18. ECONOMIC SECTOR DIFFERENCES: EMPLOYMENT AS PERCENT OF
FEBRURAY 2020 EMPLOYMENT (ORANGE COUNTY)
Sector April 2020 January 2021
All 90% 95%
Construction 95% 102%
Manufacturing 93% 99%
Retail Trade 85% 97%
Information 96% 102%
Financial Services 99% 99%
Professional Services 94% 104%
Education/Health 94% 96%
Leisure/Hospitality 54% 68%
Other Services 75% 89%
Government 98% 92%
19. THE FEDERAL RESPONSE:
$6 TRILLION IN
SPENDING
ALL BORROWED
$48 BILLION TO NC
FUTURE ECONOMIC
GROWTH WILL BE LOWER
BUT ALTERNATIVE: LOSE
BIG PART OF ECONOMY
TODAY FUTURE
20. LONG-RUN WORRIES
STOCK MARKET OVER-VALUED?
HIGHER INFLATION AND INTEREST RATES COMING?
LOWER-VALUED DOLLAR?
TEST OF “MODERN MONETARY THEORY”?
21. STATE & LOCAL BUDGETS RECEIVING A BIG BOOST
$350 BILLION IN NEW STIMULUS BILL
$9 BILLION TO NC STATE, COUNTIES, AND MUNICIPALITIES
HELP REPLACE ANY LOSSES FROM RECESSION
TARGETTED FUNDS FOR UNIVERSITIES, K-12, SMALL BUSINESS,
RESTAURANTS, BROADBAND, AND INFRASTRUCTURE
22. LEADING NC INDEX SUGGESTS RECOVERY
70
75
80
85
90
95
100
105
2007
feb
2007
may
2007
aug
2007
nov
2008
feb
2008
may
2008
aug
2008
nov
2009
feb
2009
may
2009
aug
2009
nov
2010
feb
2010
may
2010
aug
2010
nov
2011
feb
2011
may
2011
aug
2011
nov
2012
feb
2012
may
2012
aug
2012
nov
2013
feb
2013
may
2013
aug
2013
nov
2014
feb
2014
may
2014
aug
2014
nov
2015
feb
2015
may
2015
aug
2015
nov
2016
feb
2016
may
2016
aug
2016
nov
2017
feb
2017
may
2017
aug
2017
nov
2018
feb
2018
may
2018
aug
2018
nov
2019
feb
2019
may
2019
sept
2019
dec
2020
mar
2020
jun
2020
sept
Source: calculations by Dr. Michael Walden
NCSU INDEX OF NORTH CAROLINA LEADING ECONOMIC INDICATORS
23. FORECASTED PATH OF NORTH CAROLINA’S REAL GDP
507
512
467
504
509
505
510
515
521
538
548
450
470
490
510
530
550
570
2019, IV 2020, I 2020, II 2020, III 2020, IV 2021, I 2021, II 2021, III 2021, IV 2022 2023
24. FORECASTED PATH OF NORTH CAROLINA’S
UNEMPLOYMENT RATE
3.8
11.1
8.2
6.5
7 7
6.7
6.5
5.8
5.4
0
2
4
6
8
10
12
2020,I 2020, II 2020, III 2020, IV 2021, I 2021, II 2021, III 2021, IV 2022 2023
25. MORE LABOR
MARKET DISRUPTON
BIGGEST ISSUE OF POST-
PANDEMIC ECONOMY
SHIFT FROM PRODUCTION TO
DELIVERY, SERVICES
MORE JOBS IN TECHNOLOGY
POST-HIGH SCHOOL TRAINING,
APPRENTICESHIPS, ON-THE-JOB
TRAINING, COLLABORATIONS
BE PRO-ACTIVE
26. BIG IMPLICATIONS
FOR EDUCATION
SOME LEVEL OF DISTANCE
LEARNING IS HERE TO STAY AT
ALL LEVELS OF EDUCATION
SHOULD GET BETTER
EDUCATION
RE-MADE
28. DRONE DELIVERY OF
PRODUCTS; INTERNET
DELIVERY OF SERVICES
AVOIDS FACE TO FACE CONTACT
NEXT: 4D HOME MANUFACTURING
IMPLICATIONS FOR
CONTROL OF THE SKIES
30. IMPLICATIONS FOR CHAPEL HILL AND THE TRIANGLE
CONTINUED GROWTH –PERHAPS ACCELERATED – AFTER THE PANDEMIC
BUT WATCH FOR CHANGES AT UNC-CH: MORE DISTANCE LEARNING; IMPACTS ON LOCAL ECONOMY ?
NORTH CAROLINA CONSIDERED A “SAFE STATE”
AMONG 380 METRO AREAS, DUR-CHAPEL HILL WAS 35TH HIGHEST IN GROWTH SINCE 2000
LOOK FOR SUBURBS TO HAVE FASTEST GROWTH
NEXT GAME-CHANGER – UNIVERSALLY AVAILABLE HIGH SPEED INTERNET
44. Orange County Top 25 Employers
Source: Quarterly Census of Employment and Wages via NC Dept of Commerce, 2019
1. UNC Chapel Hill
2. UNC Health Care System
3. Chapel Hill-Carrboro City Schools
4. Orange County Schools
5. UNC Physicians Network LLC
6. Orange County Government
7. Town of Chapel Hill
8. Eurosport
9. Wal-Mart Associates Inc.
10. Aramark Food & Support Services Group
11. Harris Teeter
12. A K G Of America Inc
13. UNC Physicians Network LLC
14. Summit Design & Engineering Services
15. Food Lion
16. Hyatt Corporation
17. The Chapel Hill Residential
18. P H E Inc
19. Performance BMW
20. Weaver Street Market
21. Residential Services Inc
22. Westrock Services LLC
23. Whole Foods
24. United Parcel Service Inc.
25. United States Postal Service
45. Orange County Top 25 Employers
Source: Quarterly Census of Employment and Wages via NC Dept of Commerce, 2019
1. UNC Chapel Hill
2. UNC Health Care System
3. Chapel Hill-Carrboro City Schools
4. Orange County Schools
5. UNC Physicians Network LLC
6. Orange County Government
7. Town of Chapel Hill
8. Eurosport
9. Wal-Mart Associates Inc.
10. Aramark Food & Support Services Group
11. Harris Teeter
12. A K G Of America Inc
13. UNC Physicians Network LLC
14. Summit Design & Engineering Services
15. Food Lion
16. Hyatt Corporation
17. The Chapel Hill Residential
18. P H E Inc
19. Performance BMW
20. Weaver Street Market
21. Residential Services Inc
22. Westrock Services LLC
23. Whole Foods
24. United Parcel Service Inc.
25. United States Postal Service
46. Chatham County Top 25 Employers
1. Chatham County Schools
2. County Of Chatham
3. Carolina Meadows Inc
4. Mountaire Farms of NC Inc
5. Galloway Ridge Inc
6. Wal-Mart Associates Inc.
7. Flakeboard America Limited
8. Chatham Hospital Inc
9. Fitch Creations, Inc (Fearrington)
10. Piedmont Health Services Inc
11. Harris Teeter
12. The Laurels Of Chatham
13. Lowes Home Centers
14. Brookwood Farms Inc
15. Sunrise Home Care Inc
16. Southern Veneer Specialty Products
17. Aegis Home Care LLC
18. Palletone of North Carolina Inc
19. Food Lion
20. Strata Solar
21. Mas Acme USA
22. Sweetwater Landscapes LLC
23. Governors Club Inc
24. Town & Country Hardware Stores
25. Central Carolina Community College
Source: Quarterly Census of Employment and Wages via NC Dept of Commerce, 2019
47. Chatham County Top 25 Employers
1. Chatham County Schools
2. County Of Chatham
3. Carolina Meadows Inc
4. Mountaire Farms of NC Inc
5. Galloway Ridge Inc
6. Wal-Mart Associates Inc.
7. Flakeboard America Limited
8. Chatham Hospital Inc
9. Fitch Creations, Inc (Fearrington)
10. Piedmont Health Services Inc
11. Harris Teeter
12. The Laurels Of Chatham
13. Lowes Home Centers
14. Brookwood Farms Inc
15. Sunrise Home Care Inc
16. Southern Veneer Specialty Products
17. Aegis Home Care LLC
18. Palletone of North Carolina Inc
19. Food Lion
20. Strata Solar
21. Mas Acme USA
22. Sweetwater Landscapes LLC
23. Governors Club Inc
24. Town & Country Hardware Stores
25. Central Carolina Community College
Source: Quarterly Census of Employment and Wages via NC Dept of Commerce, 2019
48. Top 10 Orange County Industries
Number of Enterprises by North American Industry Classification System (NAICS), 2019
812
513
400
341
339
323
231
208
195
159
Professional, Scientific, & Technical
Services
Other Services (Except Public Admin)
Health Care & Social Assistance
Accommodation & Food Services
Retail Trade
Admin/Support & Waste Mgmt
Finance & Insurance
Real Estate, Rental & Leasing
Educational Services
Construction
Source: Quarterly Census of Employment and Wages via NC Dept of Commerce, 2019
49. Top 10 Chatham County Industries
Number of Enterprises by North American Industry Classification System (NAICS), 2019
Source: Quarterly Census of Employment and Wages via NC Dept of Commerce, 2019
51. Estimated
Number of
Orange County
Employer Firms
Total = 2,885
Source: Census Bureau | 2017 Annual Business Survey
Carrboro, 391
(14%)
Chapel Hill, 1502
(52%)
Hillsborough, 321,
(11%)
Rest of
Orange, 671
(23%)
52. Estimated Sales,
Value of Shipments,
or Revenue of
Orange County
Employer
Firms
Total = $7.77 billion
Carrboro,
$655 million
Chapel Hill, $3.84 billion
Hillsborough,
$1.48 billion
Rest of Orange,
$1.8 billion
Source: Census Bureau | 2017 Annual Business Survey
53. Estimated
Annual Payroll of
Employer Firms
Total = $1.594 billion
Carrboro,
$147
million
Chapel Hill,
$905
million
Hillsborough,
$268 million
Rest of Orange,
$276 million
Source: Census Bureau | 2017 Annual Business Survey
54. 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
55. 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
56. 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
58. Orange County Highest Per Capita Income in State
Source: 5-Year American Community Survey; 2018
Orange County (1), $40,650
Chatham County (2), $39,299
Wake County (3), $39,102
Durham County (6), $34,063
Robeson County (100), $17,881
$-
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
Orange
County
Chatham
County
Wake
County
Mecklenburg
County
Union
County
Durham
County
Dare
County
Moore
County
New
Hanover
County
Iredell
County
Carteret
County
Buncombe
County
Brunswick
County
Cabarrus
County
Polk
County
Currituck
County
Forsyth
County
Henderson
County
Guilford
County
Davie
County
Haywood
County
Lincoln
County
Macon
County
Craven
County
Pender
County
Transylvania
County
Pamlico
County
Nash
County
Camden
County
Catawba
County
Clay
County
Franklin
County
Beaufort
County
Granville
County
Alamance
County
Gaston
County
Person
County
Johnston
County
Perquimans
County
Pitt
County
Gates
County
Madison
County
Rowan
County
Davidson
County
Stokes
County
Watauga
County
Stanly
County
Alexander
County
Cumberland
County
Wilson
County
Randolph
County
Wayne
County
Chowan
County
Jackson
County
Ashe
County
Surry
County
Mitchell
County
Lee
County
Onslow
County
Wilkes
County
Pasquotank
County
Rockingham
County
Yadkin
County
Burke
County
Martin
County
Yancey
County
Vance
County
Harnett
County
Caswell
County
Caldwell
County
Montgomery
County
Cherokee
County
McDowell
County
Rutherford
County
Warren
County
Lenoir
County
Columbus
County
Sampson
County
Cleveland
County
Jones
County
Alleghany
County
Washington
County
Halifax
County
Swain
County
Bladen
County
Richmond
County
Hoke
County
Northampton
County
Bertie
County
Avery
County
Anson
County
Edgecombe
County
Duplin
County
Graham
County
Hertford
County
Tyrrell
County
Hyde
County
Greene
County
Scotland
County
Robeson
County
59. Orange Ranks 1st and Chatham 2nd in Average AGI
Average Adjusted Gross Income (AGI) on Tax Returns
Source: IRS, 2017
Average AGI on All Tax Returns Rank (of 100 Counties)
Orange County $92,694 1
Chatham County $83,972 2
Wake County $82,847 3
Union County $81,303 4
Mecklenburg County $78,805 5
Iredell County $67,584 6
Moore County $66,436 7
60. Orange Ranks 1st, Chatham 3rd in AGI on Itemized Returns
Average Adjusted Gross Income (AGI) on Itemized Tax Returns
Average AGI on Itemized Returns Rank (of 100 Counties)
Orange County $185,994 1
Mecklenburg County $163,303 2
Chatham County $157,901 3
Wake County $154,132 5
Guilford County $130,412 11
Durham County $123,478 17
Alamance County $107,398 35
Source: IRS, 2017
62. • ~30,000 Students
• ~13,000 Faculty and Staff
• ~$3.5 Billion Budget (~$500M from NC Approp)
• ~$3.4 Billion Endowment
• ~$1 Billion in Annual Research Funding
• ~$21 Million Square Feet of Campus
• ~$1.5 Billion in Annual Funding of StartUps
UNC Chapel Hill’s Big Impact
73. Orange County Taxable Sales Approach $2 Billion
County Taxable Sales in Millions (Inflation Adjusted $2020)
$1,943 $1,956
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
Source: NC Department of Revenue
74. Orange County Taxable Sales Approach $2 Billion
County Taxable Sales in Millions (Inflation Adjusted $2020)
$1,943 $1,956
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
Source: NC Department of Revenue
75. Chatham County Taxable Sales Exceed $730 million
County Taxable Sales in Millions (Inflation Adjusted $2020)
Source: NC Department of Revenue
$660
$733
$-
$100
$200
$300
$400
$500
$600
$700
$800
89. Chapel Hill Worker Inflows/Outflows
Source: U.S. Census Bureau OnTheMap (LODES), 2017
41,779 Drive In, 14,008 Drive Out, and 6,627 Live and Work in Chapel Hill
90. 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
92. Orange County Domestic Visitor Expenditures Exceed
$200 Million
Inflation Adjusted $2018 (in millions)
Source: Visit NC | CPI Inflation Values from Federal Reserve
$218.38
$0
$50
$100
$150
$200
$250
93. Covid-19 Negatively Impacting Hotel Occupancy
64% 65% 65%
70% 71% 70%
67% 67% 67%
40%
0%
10%
20%
30%
40%
50%
60%
70%
80%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Source: Chapel Hill/Orange County Visitors Bureau
Orange County Average Daily Hotel Occupancy, 2011-2020
94. Hotel Occupancy Fell to 13% in April
Source: Chapel Hill/Orange County Visitors Bureau
Orange County Monthly Hotel Occupancy, 2011-2020
73% 74%
52%
13%
49%
45%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019 2020
95. Covid-19 Negatively Impacting Hotel ADR
$121 $124 $126 $127 $130
$99
$0
$20
$40
$60
$80
$100
$120
$140
2015 2016 2017 2018 2019 2020
Orange County Average Daily Rate, 2011-2020
Source: Chapel Hill/Orange County Visitors Bureau
102. How has the current state of the
economy affected your organization?
103. Positive Impact of Economy Declines
105
6% 5%
28%
73%
69%
28%
0%
10%
20%
30%
40%
50%
60%
70%
80%
2008 2009 2012 2013 2014 2015 2016 2018 2019 2020 2021
Positively
Percent Reporting the Current State of the Economy
is POSITIVELY Affecting Their Organization
104. Negative Impact of Economy Increases
106
56%
52%
2%
4%
32%
0%
10%
20%
30%
40%
50%
60%
2008 2009 2012 2013 2014 2015 2016 2018 2019 2020 2021
Negatively
Percent Reporting the Current State of the Economy
is NEGATIVELY Affecting Their Organization
105. How Has the Current State of the Economy
Affected Your Organization?
107
44%
32%
50%
39%
6%
28%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2009 2012 2013 2014 2015 2016 2018 2019 2020 2021
Negatively Not Much Positively
106. Percent of respondents whose organizations have been negatively
affected by the economy jumps 28 percentage points from last year
“How has the current state of the economy affected your organization?” 2020 vs. 2021
32%
4%
39%
27%
28%
69%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2021
2020
negatively not much positively
107. Same Storm, Different Boats
6.8
5.9
5.84
5
4.7
4.6
4.5
4.5
4.5
4
4
4
3.6
3.5
2.2
2
1
1 2 3 4 5 6 7 8 9 10
Construction & Manufacturing
Professional Services (Finance, Insurance, etc)
Real Estate/Rental/Leasing
Government/Public Sector
Education
Transportation
Arts, Entertainment, and Recreation
Communications
Nonprofit/Social Services
Healthcare
Information Technology
Other Services (HVAC, Mechanic, etc)
Retail
Utilities
Personal Services (Hair, Nail, Fitness, etc.)
Food Service/Drinking Places
Accommodations Average: 4.7
1 = Very Negatively
5 = Neutral
10 = Very Positively
How has the current state of the economy affected your organization?
108. Do you expect sales to increase or
decrease over the next 12 months?
109. 75% of Respondents Expect Sales to Increase in
the Next 12 Months
75%
15%
10%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Increase No Change Decrease
110. …but that’s what they always say
75%
15%
10%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
2015 2016 2018 2019 2020 2021
Increase No Change Decrease
111. Do you plan to add or reduce
workers over the next 12 months?
112. 52% of Respondents Plan to Add Workers in 2021
52%
44%
4%
0%
10%
20%
30%
40%
50%
60%
We plan to add workers No plans We plan to reduce
workers
113. 52% of Respondents Plan to Add Workers This Year
36%
40%
30%
40%
46%
54%
44% 45%
52%
0%
10%
20%
30%
40%
50%
60%
70%
2012 2013 2014 2015 2016 2018 2019 2020 2021
114. Would you say that local
government here is pro-business,
neutral, or anti-business?
116. Percentage of Respondents Who View Government as
“Very Pro-Business” Continues to Rise
13.8%
10.5%
12.7%
6.4%
10.4%
22.3%
0%
5%
10%
15%
20%
25%
2015 2016 2018 2019 2020 2021
117. No Statistically Significant Difference in Government
Perceptions Based on Business Size
3.29
3.56 3.42
0
1
2
3
4
5
Micro Enterprise (1-5
employees)
Mid-Size Business (6-50
employees)
Large Business (50+
employees)
Perceptions of Local Government (1-very anti-business 3-neutral 5-very pro-business)
118. If you could change one thing locally
to help your business thrive (other
than national economic conditions),
what would it be?