N.C. Department of CommerceThe Case for Change

Where We Are

2013 Mid-Year Update

• 188 Project Assigned• 56 Projects Announced• 8,511 Jobs Announced• Nearly $700M Investment

Annc’d• 654 Existing Industry Visits

Where We Are

Project Sources• 52 Local/County Developers• 44 Direct Calls from Company• 39 Site Selection Consultants

Top Competitors• SC, TN, VA, GA, TX, FL, OH

Where We Are

64% Active Projects are Manufacturing-Related

Where We Are

Beyond the Facts/Figures

5th highest unemployment rateNo net job growth in 5 years30+ counties with double-digit unemploymentRural NC being left behind

Where We Need to Go

We need• A bold, new approach• To consolidate efforts• To move at the speed of business• To be more nimble• To kickstart NC’s economic engine• Jobs now

Where We Need to Go

North Carolina Economic Development Partnership

• Public-Private Partnership• Prosperity Zones• Transparency and Accountability• Create long-term, sustainable economic growth for all of NC

NCEDP Next Steps

Commerce Transition• Hire CEO, develop implementation

planRegional Partnership Transition• Merge operationsConvene new NC ED Board• Private sector, rural, urban, key

industries, Interagency advisors

NCEDP Next Steps

ED Board to Develop 10-year Strategic Plan

• SWOT Analysis• Listening Tour in all 8 prosperity zones• Roles/Responsibilities of all public sector entities• Private Sector Engagement• Review of business climate• Strategies for rural and urban prosperity• Vision• Goals/Objectives/Metrics

Completion of Work by December 2013

NCEDP Next Steps

By January 2014• Strategic Plan completed• NCEDP up and running

The work begins….