How Transportation Infrastructure Investments Stimulate Economic Development in NC
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1 How Transportation Infrastructure Investments Stimulate Economic Development in NC
2 Competitive Analysis Trendspotting Economic & Workforce Strategy Fiscal Impact Analysis State and Local Policy
3 How Transportation Infrastructure Investments Stimulate Economic Development in NC Direct Impact-Jobs Accommodates Growth Maintains/Increases Competitiveness Increases Opportunity
4 The Direct Impact Jobs Salaries CONTEXT
5 How Transportation Infrastructure Investments Stimulate Economic Development in NC Direct Impact-Jobs Accommodates Growth Maintains/Increases Competitiveness Increases Opportunity
6 Our 10 million people are expected to be 12 million by 2030 Growth
7 Follow on or LinkedIn Ted Abernathy
8 Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming 1,000, , , , , , , , ,000 Domestic Migration for All States 650, , ,346 2, , ,115 The Winners The Losers Texas New York Florida Illinois Colorado New Jersey North Carolina California Arizona Michigan 180, , , , , , , , , ,326 Source: US Census
9 North Carolina Change in Population 2000 to 2013 Graham Cherokee Clay Swain Macon Burke Buncombe McDowell Haywood Jackson Madison Transylvania Yancey Henderson Polk Avery Rutherford 6.1% and over increase 2.1% to 6.0% increase Ashe Watauga Caldwell Alleghany Wilkes Alexander Iredell Catawba Lincoln Cleveland Gaston Surry Yadkin Davie Rowan Cabarrus Union Stokes Forsyth Rockingham Caswell Person Guilford Davidson Randolph Stanly Anson Montgomery Moore Chatham Lee Rich- Hoke mond Scotland Robeson Harnett Wake Bladen Columbus Franklin Johnston Sampson Warren Brunswick Halifax Northampton Nash Edgecombe Wilson Greene Wayne Duplin Pender Lenoir New Hanover Pitt Jones Onslow Hertford Bertie Martin Craven Gates Beaufort Washington Pamlico Carteret Tyrrell Hyde Dare 0.0% to 2.0% increase population decreased Source: NC Office of State Budget and Management
10 Data Source: NC OSBM Population Growth Will Be Uneven Across North Carolina Projected population growth,
11 United States Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Highway Spending Per Capita for All States (2014) 2,000 1,800 1,600 1,400 1,200 1, Source: US Census Bureau "State Government Finances."
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13 United States Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total Annual Infrastructure Need for Road Repair, Clean Water, and Airports Per Capita ( ) $1,200 $1,000 $800 $600 $400 $200 $0
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17 Economic Competitiveness
18 Historical evidence suggests that the astonishing economic development that the United States experienced over the past two centuries was made possible by the high quality infrastructure the nation had the foresight to invest in.
19 Top Factors for Companies Considering New Investment 1) Availability of skilled labor 2) Highway accessibility 3) Quality of Life 4) Occupancy or construction costs (Corporate CEOs) 5) Availability buildings 6) Labor costs 7) Corporate tax rate 8) Proximity to major markets 9) State & Local Incentives 10) Energy availability and costs 11) Tax exemptions 12) Expedited or fast track permitting Source: Area Development 30 th Annual Survey of Corporate Executives, March 2016
20 Top Factors for Companies Considering New Investment 1) Availability of skilled labor 2) Labor costs 3) Proximity to major markets 4) State & Local Incentives 5) Availability buildings 6) Highway accessibility 7) Available land 8) Tax exemptions 9) Expedited or fast track permitting 10) Shipping costs 11) Accessibility of a major airport 12) Energy availability and costs Site Selection Consultants Source: Area Development 30 th Annual Survey of Corporate Executives, March 2016
21 Global CEO Survey: Drivers of Global Manufacturing Competitiveness Source: Deloitte Touche Tohmatsu Limited and U.S. Council on Competitiveness, 2016 Global Manufacturing Competitiveness Index
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23 A New Blueprint Making the American South s Manufacturing Sector More Competitive by 2030 Foundation for the American South September 2016
24 25.0% Southern States Manufacturing as a Share of GSP % 19.3% 19.4% 19.6% 15.0% 11.9% 17.1% 14.5% 10.8% 15.2% 12.8% 16.6% 16.2% 13.1% 10.0% 9.0% 8.6% 9.5% 5.0% 5.1% 5.5% 0.0% USA AL AR FL GA KY LA MD MS MO NC OK SC TN TX VA WV
25 Concentration of County Jobs in Manufacturing Graham Cherokee Clay Alleghany Ashe Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Avery Yadkin Forsyth Guilford Franklin Alex- Bertie Yancey Caldwell ander Davie Nash Madison Edgecombe Iredell Davidson Burke Randolph Martin Wash- Wake ington Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Swain Beaufort Rutherford Henderson Lincoln Johnston Cabarrus Lee Greene Jackson Mont- Harnett Wayne Tran- Polk Gaston Stanly gomery Moore Macon sylvania Cleveland Lenoir Craven Pamlico Union Anson Rich- Hoke mond Scotland Robeson Bladen Sampson Duplin Jones Onslow Carteret Tyrrell Hyde ` Dare Pender over 150% of state concentration between 100% and 149% of state concentration between 50% and 99% of state concentration under 50% of state concentration Columbus Brunswick New Hanover Manufacturing represents 11.21% of North Carolina jobs Source: NC Dept of Commerce 2 nd quarter 2015
26 Measuring Multifactor Competitiveness Workforce Innovation Manufacturing Competitiveness Infrastructure Business Climate
27 Business Climate Index Metrics Manufacturing Industry Health Scorecard Hourly Minimum Wage Total Effective Business Tax Rate Legal Climate Rankings State Average Rank Business Climate Rank Worker s Comp Insurance Premiums State and Local Tax Costs for Capital-Intensive Manufacturing State and Local Tax Costs for Labor-Intensive Manufacturing Air Quality Southern States Business Climate Index Performance State Average Rank Business Climate Rank Virginia Maryland North Carolina Tennessee Missouri South Carolina Texas Oklahoma Georgia Arkansas Louisiana Mississippi Kentucky Florida Alabama West Virginia
28 Infrastructure Index Metrics Total State Spending on Highways Per Capita Average Retail Electricity Price for Industrial Customers Percentage of Structurally Deficient Bridges Growth in Freight Shipments - tons State Average Rank Infrastructure Rank Growth in Freight Shipments- Millions of Dollars Miles of Interstate Highways Per 10,000 People Average Retail Natural Gas Price for Industrial Customers State Transportation Expenditures as Percentage of Total Expenditures Southern States Infrastructure Index Performance State Average Rank Infrastructure Rank Texas Alabama Oklahoma North Carolina Kentucky Florida Virginia Georgia Louisiana Maryland Mississippi Tennessee West Virginia South Carolina Arkansas Missouri
29 The Movement of Goods
30 The Next Big Things-Technological
31 How Transportation Infrastructure Investments Stimulate Economic Development in NC Direct Impact-Jobs Accommodates Growth Maintains/Increases Competitiveness Increases Opportunity
32 Follow on or LinkedIn Ted Abernathy Leadership and learning are indispensable to each other. John F. Kennedy
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living Alaska 00 47,808 21,213 44.4 Alabama 01 20,661 3,288 15.9 Alabama 02 23,949 6,614 27.6 Alabama 03 20,225 3,247 16.1 Alabama 04 41,412 7,933 19.2 Alabama 05 34,388 11,863 34.5 Alabama 06 34,849 4,074
3+ 3+ N = 155, 442 3+ R 2 =.32 < < < 3+ N = 149, 685 3+ R 2 =.27 < < < 3+ N = 99, 752 3+ R 2 =.4 < < < 3+ N = 98, 887 3+ R 2 =.6 < < < 3+ N = 52, 624 3+ R 2 =.28 < < < 3+ N = 36, 281 3+ R 2 =.5 < < < 7+
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Rank State District Count (HTC) 1 New York 05 150,499 141,567 94.1 2 New York 08 133,453 109,629 82.1 3 Massachusetts 07 158,518 120,827 76.2 4 Michigan 13 47,921 36,145 75.4 5 Illinois 04 508,677 379,527
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In the District of Columbia we have also adopted the latest Model business Corporation Act.
Topic: Question by: : Reinstatement after Admin. Dissolution question Dave Nichols West Virginia Date: March 14, 2014 Manitoba Corporations Canada Alabama Alaska Arizona Arkansas California Colorado Connecticut