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2010 NC Commerce Department Mid-Winter Conference Update

This update from the 2010 North Carolina Commerce Department Mid-Winter Conference, presented by Deputy Secretary Dale B. Carroll, summarizes key economic development statistics and initiatives. The report highlights 436 projects assigned, with a significant focus on both new assignments and expansions. Key metrics include 155 announced projects creating over 17,000 jobs and an investment of $3.9 billion. Furthermore, it outlines international project involvement and existing industry support. Also discussed are the impacts of economic recovery programs and departmental reorganization efforts.

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2010 NC Commerce Department Mid-Winter Conference Update

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  1. N.C. Department of CommerceNCEDA Mid-Winter Conference UpdateDale B. CarrollDeputy Commerce Secretary/COOMarch 4, 2011

  2. 2010 Sales Results

  3. 2009 vs. 2010

  4. 2010 Projects Assigned 436 Projects Assigned • 270 New • 166 Expansion-Related New Assignments 62% Expansion-Related Assignments 38% 104% of 420 Assignment Goal

  5. Top 5 Sources for 2010 Projects • 39% Local/County Developer (138) • 23% Direct Call from Company (101) • 16% Site Selection Consultant (71) • 6% Regional Partnership (26) • 5% Foreign Offices (20) Sample of Primary Sources for the 436 Projects Assigned in 2010, Totals will not equal 100%

  6. 2010 Projects Announced 155 Projects Announced • 60 New • 95 Expansion-Related New Announcements 39% Expansion-Related Announcements 61% 103% of 150 Announcement Goal

  7. 2010 Jobs Announced 17,360 Jobs Announced • 5,502 New • 11,858 Expansion-Related New Jobs Announced 32% Expansion-Related Jobs Announced 68% 101% of 17,200 Jobs Announced Goal

  8. Top 10 Announcements by Jobs

  9. 2010 Jobs Retained 4,180 Jobs Retained • 2,362 Retention/Expansion • 1,818 Consolidation Expansion

  10. 2010 Investment Announced $ 3.9 B Investment Announced • $2.4 B New • $1.56 B Expansion-Related New Investment Announced 61% Expansion-Related Investment Announced 39% 108% of $3.7 B Investment Announced Goal

  11. Top 10 Announcements by Investment

  12. 2010 International Projects Announced 44 Projects Announced • 28% of Total Projects Announced • $944 M Investment Announced • 24%of Total Investment Announced • 4,221 Jobs Announced • 24% of Total Jobs Announced

  13. 2010 International Projects Announced 44 International Projects Announced Austria 4 Belgium 1 Bermuda 1 British Virgin Islands 1 Canada 7 Czech Republic 1 Denmark 1 Germany 8 France 2 Israel 1 Italy 2 Japan 5 Malaysia 1 Sweden 1 Switzerland 3 Taiwan 1 United Kingdom 4

  14. 2010 Port and Rail Service Requests 8 projects assigned in 2010 requested port service 14 projects assigned in 2010 requested rail service Based on projects assigned in 2010

  15. 2010 Building Square Footage Requests by Primary Activity Based on projects assigned in 2010

  16. 2010 Site Acreage Requests by Primary Activity Based on projects assigned in 2010

  17. 2010 Existing Industries Visited 1,724 Existing Industries Visited 72% of 2,400 Existing Industries Visited Goal

  18. 2010 Existing Industry Referrals Made

  19. 2010 Existing Industry Top Challenges

  20. 2010 Total B&I Announced Projects

  21. 2001 to 2010 Business & Industry Sales History

  22. 2011 Sales Goals

  23. American Recovery and Reinvestment ActExamples from N.C. Commerce Divisions • Community Development Block Grant Recovery (CDBG R) – 41,331 linear ft of infrastructure (water, sewer, streets) • Recovery Zone Bonds – $1 billion allocated; $800 million utilized • Appliance Rebate Program – $9.5 million allocated for rebates; over 4,900 energy efficient appliances purchased • JobsNOW “12 in 6” Program – From August 2009 to January 2011 18,994 citizens have received training

  24. Status of Reorganization at N.C. Commerce • Merger of N.C. Commerce & ESC pending at Executive Branch & NC General Assembly • State Energy Office & Weatherization Assistance Program fully implemented within N.C. Commerce • Commissioner of Small Business fully implemented at N.C. Commerce • B&I Division & BLNC Division reorganizations complete

  25. Governor Beverly Perdue, Commerce Secretary Keith Crisco and Deputy Commerce Secretary Dale Carroll wish to thank NCEDA and it’s members for your support of economic development.

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