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Northeast Chatham Update
The document provides an overview of Chatham County's economic development, highlighting growth trends and key projects in the region. It details demographic and employment statistics, including a population of 70,928 and a low unemployment rate of 4.4%. Major developments mentioned include Chatham Park, a large mixed-use project aimed at technology and biotech industries.
Northeast Chatham Update
- 1. Chatham County SPACES &PLACES: 2016 REGIONAL GROWTH AND DEVELOPMENT BRIEFING
- 2. Chatham County • Overview •Governors Village • 15-501 Corridor • Briar Chapel & Veranda • Chatham Park • Pittsboro
- 4. Overview SPACES & PLACES:2016 REGIONAL GROWTH AND DEVELOPMENT BRIEFING
- 5. Who We Are KyleTouchstone President Jamie Vaughn Vice President Ben Townsend Business Services Manager Alyssa Byrd Communications Specialist
- 6. About Us Chatham EconomicDevelopment Corporation (EDC) is the lead economic development agency for Chatham County. The EDC is a 501(c)3 economic development non-profit that provides support to businesses throughout the county and markets Chatham County as the preferred location for emerging growth companies.
- 7. Economic Indicators • Population:70,928 (July 2015) ◦ Fastest growing between 2014-2015 • Labor Force: 33,331 (June 2016) • Jobs: 14,179 (Q1 2016) • Unemployment: 4.4% (June 2016) ◦ 4th lowest in NC • Average Weekly Wage: $643.27 (Q1 2016) ◦ State Average: $927.78
- 8. Population Growth 2010-2015 13.7% 11.7%11.5% 5.7% Wake Chatham Durham Orange
- 9. Governors Village SPACES &PLACES: 2016 REGIONAL GROWTH AND DEVELOPMENT BRIEFING
- 10. The Commons atGovernors Village
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- 12. 15-501 Corridor SPACES &PLACES: 2016 REGIONAL GROWTH AND DEVELOPMENT BRIEFING
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- 14. North Chatham Village 2011 20152016 Formerly Cole Park Plaza
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- 16. North Chatham Village 20152016 2011
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- 18. Briar Chapel &Veranda SPACES & PLACES: 2016 REGIONAL GROWTH AND DEVELOPMENT BRIEFING
- 25. Chatham Park SPACES &PLACES: 2016 REGIONAL GROWTH AND DEVELOPMENT BRIEFING
- 26. • 7,100+ acremixed-use development • 22,000 residential units (60,000 people) • 22 million square feet of non- residential development ◦ Targeted businesses: Technology, biotech, clean tech, and medicine
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- 32. Bellemont Pointe Photo: Townof Pittsboro 2015 2016
- 33. Chatham County Agricultureand Conference Center
- 34. Connect Kyle Touchstone President, ChathamEDC ktouchstone@chathamedc.org 919-542-8274 www.chathamedc.org
Editor's Notes
- #8 Chatham County is a largely rural county in central North Carolina. According to Census estimates, Chatham County was the fastest growing county in the state between 2014 and 2015. In spite of a steadily low unemployment rate, the County faces challenges with providing well-paying jobs for its educated and skilled workforce. There are more than 33,000 residents in the workforce, and fewer than 14,000 jobs. Those jobs, on average, pay well below the state average.
- #14 Near the Walmart on 15-501, a $2.1 million, 54,000 square foot two-story storage facility recently opened.
- #15 Three years ago, a Charlotte development group purchased Cole Park Plaza. Now called North Chatham Village, developers are overhauling the entire center.
- #16 Several buildings have been demolished and remaining buildings are being upfitted with modern facades.
- #17 The owners are working to attract national chains, including a McDonald’s and Dollar Tree.
- #18 Polk Village has a day care, medical facility, and an assisted living facility. Its multi-tenant commercial space has an Asian restaurant, salon, and physical therapy space.
- #20 Briar Chapel broke ground on the commercial portion of its development.
- #32 The 17,000 square foot commercial building next to Lowe’s Home Improvement in Pittsboro’s Bellemont Station was recently completed.
- #33 Four new apartment buildings with 76 units at Bellemont Station increases the diversity in housing options for residents.
- #34 Progress continues on the new conference center, slated to open this fall.