Economic Development Coalition Report 9/10/13

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The Asheville/Buncombe Economic Development Coalition made this presentation to Asheville City Council on Sept. 10, 2013.

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City Council Update

September 10, 2013

Results

Equal city portion of Cap ex

Date Announced Company Name

Jobs Announced Announced Investment

6/24/2013 Tutco-Farnam 90 $2,500,000 6/17/2013 GE Aviation 52 $126,000,000 6/21/2012 Linamar 250 $75,000,000 5/17/2012 PLI 42 $4,600,000 4/5/2012 New Belgium 154 $175,000,000 1/13/2012 American Recycling 30 $1,500,000 1/6/2012 Cakuun 5 $0 6/30/2011 Linamar 400 $125,000,000 6/15/2011 Locus Technologies 3 $0 10/29/2010 Old Wood Company 5 $450,000 8/26/2010 Curious Sense 8 $0 6/14/2010 PolyLinks 10 $3,000,000 5/21/2010 Moog Music 15 $2,500,000

4/10/2010 UNC Pharmacy School 45 $5,000,000

Total City Limits 1,109 $520,550,000

Economic impacts of the announced jobs are estimated to support an additional:

•1,880 indirect and induced jobs for a total of 2,989•$121,894,348 labor income

•$54,404,873 state and local taxes

Cap Ex/Capita

Cumulative Cap ex/ Capita

0

0.001

0.002

0.003

0.004

0.005

0.006

0.007

0.008

2009 2010 2011 2012 2013

Buncombe

Knoxville

Roanoke

Winston/ Forsyth

Greenville

Jobs/Capita

Cumulative Jobs/ Capita

AVL 5x5

Capital Investment Goal

5,000

2,500

3,379

-

1,000

2,000

3,000

4,000

5,000

6,000

Jobs

AVL 5x5 Total Goal

Mid Point Goal

Mid Point Actual

AVL 5x5

Jobs Goal

AVL 5x5 Announcements January 2011-present

Questions

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