How Is The Economy? What are the factors of a good or bad economy?

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Adele Russell
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1 2016

2 How Is The Economy? What are the factors of a good or bad economy?

3 CONTEXT

4 Global Economy Impacts

5 Question 1. Last year ago the U.S. unemployment rate was 5.1%, what is it today?

6 Global Unemployment Rates- 5 Years 14% 12% 10% 9.1% % 10.1% 10.8% 11.8% 8% 6% 4% 5.0% 4.3% 3.1% 7.1% 7.0% 6.1% 4.1% 5.6% 5.2% 5.0% 6.0% 6.1% 5.2% 2% 0% US Japan China Canada Euro Area Austrialia India Brazil Russia Source: The Economist October 22, 2016

7 Projected GDP 2013,2014,2015, % 8% 6% 7.7% 6.6% 7.6% 4.9% 4% 2% 1.9% 1.5% 1.7% 0.6% 1.7% 2.4% 1.3% 1.5% 2.8% 2.2% 1.5% 0% -2% -0.4% -0.7% -4% -3.2% -6% US Japan China Canada Euro Area Austrialia India Brazil Russia Source: The Economist October 22, 2016

8 GDP Per Capita (2015) $70,000 $65,400 $60,000 $55,800 $50,000 $40,000 $38,100 $45,600 $37,800 $30,000 $25,400 $20,000 $14,100 $15,600 $10,000 $0 US Japan China Canada Euro Area 2015 $6,200 Austrialia India Brazil Russia Source: The World Bank, October, 2016

9 Forecast Summer 2016 Sources: TIP Industries U.S. Bureau of Labor Statistics, Current Employment Statistics (total nonfarm employment, seasonally adjusted); NBER (recession dates); New York Times (format)

Decomposition of Real GDP 5.0 10-Year Annual Growth Rates 5.0 4.5 4.5 4.0 3.5 GDP 4.0 3.5 3.0 3.0 2.5 2.

0 1958 1962 1966 1970 1974 1978 1982 1986 1990 1994 1998 2002 2006 2010 2014 0.

10 Decomposition of Real GDP Year Annual Growth Rates GDP Productivity Employment Note: Productivity is calculated as real GDP per employee, from the Household Survey. Source: Bureau of Economic Analysis and Bureau of Labor Statistics via Haver Analytics

11 Value of the U.S. Dollar Source: MacroTrends.net

12 Geopolitics Get More Important Every Year

14 USA Nonfarm Payroll Employment Millions of Persons 15.3 million jobs added since February The longest streak of private job growth in history September mil Source: Bureau of Labor Statistics via Haver Analytics

Average Hourly Earnings 4.0 3.5 3.0 12 Month % Change Monthly % Change Sep. 0.2% Aug. 0.1% Jul. 0.4% June 0.1% May 0.2% September 2.6% 4.0 3.5 3.0 2.

15 Average Hourly Earnings Month % Change Monthly % Change Sep. 0.2% Aug. 0.1% Jul. 0.4% June 0.1% May 0.2% September 2.6% Source: Bureau of Labor Statistics via Haver Analytics

16 Total Job Net Gain July 2015 to July million Utilities Information Mining & Logging Wholesale Trade Financial Professional & Business Services Manufacturing Construction Transportation & Warehousing Education & Health Other Services Retail Trade Leisure & Hospitality

18 Dow Jones

20 Question 2. Last year NC grew employment by 2.6% (Sept-14-Sept-15). What is the growth rate for the latest 12 months?

21 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% -1.0% -1.5% 1.7% 0.8% 1.5% Southern States 1-Year Employment Sept 2015 to Sept % 2.8% 1.4% -1.0% 1.7% 1.1% 0.7% 1.9% -0.7% 2.7% 2.5% 1.7% 2.1% USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV 0.1% Source: Bureau of Labor Statistics

22 6.0% 4.0% Southern States 1-Year Manufacturing Employment Sept 2015 to Sept % 2.0% 1.7% 1.2% 1.8% 0.9% 1.8% 2.1% 0.0% -2.0% -0.4% -0.2% -0.5% -1.2% -0.3% -1.7% -1.5% -4.0% -3.1% -6.0% -5.1% -8.0% -7.3% USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: Bureau of Labor Statistics

23 Southern States 1-Year Professional & Business Services Employment Changes Sept 2015 to Sept % 6.0% 4.0% 2.0% 0.0% -2.0% 2.9% 0.7% 2.6% 4.8% 4.2% 2.8% 3.4% 2.3% 4.5% 6.4% 3.3% 1.9% 4.0% 1.1% -4.0% -2.6% -3.1% -6.0% -8.0% -5.6% USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: Bureau of Labor Statistics

24 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -3.0% -4.0% -0.6% All States 1-Year % Employment Changes Sept 2015 to Sept % 3.5% 3.2% 3.2% 2.9% 2.7% 2.8% 2.9% 2.7% 2.7% 2.5% 2.5%2.5% 2.3% 2.3% 2.2% 1.9% 1.9% 2.0% 2.1% 1.9% 2.0% 2.1% 1.7% 1.7% 1.5% 1.5% 1.4% 1.6% 1.3% 1.4% 1.1% 1.1% 1.0% 0.9% 1.1% 1.2% 0.8% 0.8% 0.7% 0.7% 0.5% 0.2% 0.1% -0.4% -1.0% Oregon- 3.5% Florida 3.4% Idaho 3.2% Washington 3.2% Delaware 2.9% Utah 2.9% 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 -0.4% -1.3% -0.7% -3.2% Source: Bureau of Labor Statistics

25 400, , , , ,000 All States 1-Year Total Employment Changes Sept 2015 to Sept , ,300 Total added jobs 2,447,000 California- 379,700 Florida- 276,300 Texas- 206,800 Georgia- 118,700 New York- 106,600 Washington-100, , , ,000 50, ,000 16,300 61,500-2,000 69,200 12,900 18,60012,80014, ,700 15,900 21,500 43,400 44, ,600 78,300 84, ,500 82,600 81,100 73,400 71,300 61,600 53,400 46,200 46,100 51,50054,400 29,600 31,100 34,300 39,800 36,000 25,800 3,100 7,900 9,60013,900 1,000 5,30010,600 6, ,900-19,800-3,100-5,700-11,300 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 -9,200 Source: Bureau of Labor Statistics

26 5% Percentage Annual Job Change % 1% -1% -3% -5% -7% United States North Carolina Source: Bureau of Labor Statistics

27 Employment Gains By Sector for the United States and NC September Total Construction 1.9% 1.7% 4.8% 3.4% Manufacturing -0.3% -0.4% Trade, Transport & Utilities 1.6% 2.7% Financial Professional & Technical Services -0.9% 2.0% 2.9% 4.5% NC USA Education & Health Services 1.8% 2.7% Leisure & Hospitality Government 1.1% 0.9% 0.7% 2.4% -2% -1% 0% 1% 2% 3% 4% 5% 6% Source: Bureau of Labor Statistics

28 Employment Gains By Sector for the SC, VA and NC September Total 1.9% 2.1% 2.7% 3.0% Construction 2.2% 4.8% Manufacturing -1.7% -0.3% 1.8% Trade, Transport & Utilities Financial -0.9% 1.5% 1.4% 2.7% 2.8% 3.3% SC NC Professional & Technical Services 4.0% 4.5% 6.4% VA Education & Health Services 1.8% 3.4% 5.7% Leisure & Hospitality 1.1% 1.6% 1.5% Government 0.9% 0.6% 0.9% -3% -2% -1% 0% 1% 2% 3% 4% 5% 6% 7% Source: Bureau of Labor Statistics

29 NC Change in Number of Jobs North Carolina Average 2.6% Graham Cherokee Clay Ashe Alleghany Northampton Surry Stokes Rockingham Gates Caswell Person Warren Watauga Halifax Hertford Wilkes Avery Yadkin Forsyth Guilford Franklin Alexander Edgecombe Bertie Yancey Caldwell Davie Nash Madison Iredell Davidson Burke Randolph Martin Washington Wake Buncombe McDowell Catawba Chatham Wilson Haywood Rowan Pitt Swain Beaufort Rutherford Lincoln Johnston Henderson Cabarrus Lee Greene Jackson Polk Montgomery Transylvania Gaston Stanly Macon Cleveland Moore Harnett Wayne Lenoir Craven Pamlico Richmond Hoke Sampson Jones Union Anson Duplin Scotland Carteret Onslow Robeson Bladen Growth above state average of 2.6% Growing below state average of 2.6% Losing Jobs Columbus Brunswick Pender New Hanover Tyrrell Hyde Dare Source: NC Department of Commerce

30 Question 3. NC has 14 metropolitan areas, how many are growing employment at a faster rate this year than last year? 1) Asheville 2) Burlington 3) Charlotte 4) Durham 5) Fayetteville 6) Goldsboro 7) Greensboro 8) Greenville 9) Hickory 10) Jacksonville 11) Raleigh-Cary 12) Rocky Mount 13) Wilmington 14) Winston-Salem

31 North Carolina Metro Employment Growth- Last 12 months Compared to 12 months ago 4% 3% 2.6% 1.8% 1.9% 2.2% 2.3% 1.7% 2.0% 2.5% 2% 1.6% 1.1% 1% 0.7% 0% -1% -0.4% -0.3% -2% -1.4% -3% Source: BLS, October 2016

32 North Carolina Metro Employment Growth August 2015 August % 3% 2% 2% 1% 1% 0% -1% -1% -2% -2% 2.6% 2.5% 1.8% 1.9% 2.2% 2.3% 2.0% 1.7% 1.6% 1.1% 0.7% -0.4% -0.3% -1.4% Source: Bureau of Labor Statistics

33 Average Statistical 30 Ranking 25 Rankings and Performance Worse Performance Than Rank NC UT TX CO IN TN GA VA FL OH NE AZ SD IA ID SC MN WA ND WY KS DE WI MT OR OK MI AL MO LA NV MA PA NH AR NM MD IL VT NY Better Performance Than Rank CA KY NJ AK CT ME WV Average "Best States" ranking RI MS HA States By Average Ranks by Forbes, CNBC, and Chief Executive Plotted Against Actual Performance for Job Growth, Wage Growth and Growth in GDP

34 Comparisons

Cherokee Clay Graham Macon Swain Jackson Haywood Madison Buncombe Henderson Transylvania Yancey Avery McDowell Rutherford Polk Watauga Caldwell Burke Cleveland Ashe Alleghany Wilkes Alexander Catawba

35 Cherokee Clay Graham Macon Swain Jackson Haywood Madison Buncombe Henderson Transylvania Yancey Avery McDowell Rutherford Polk Watauga Caldwell Burke Cleveland Ashe Alleghany Wilkes Alexander Catawba Lincoln Gaston Surry Yadkin Iredell Stokes Forsyth Davie Rowan Cabarrus Union Rockingham Guilford Davidson Randolph Stanly Anson Montgomery Moore Richmond Caswell Person Chatham Wake Lee Warren Franklin Harnett Hoke Scotland Robeson Bladen Columbus Brunswick Johnston Northampton Halifax Nash Wilson Edgecombe Wayne Sampson Duplin Pender New Hanover Onslow Jones Lenoir Greene Pitt Hertford Gates Bertie Washington Martin Beaufort Hyde Tyrrell Dare Craven Pamlico Carteret Raleigh- Cary- MSA

Projected Annual GDP Growth 2014-2021 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.

36 Projected Annual GDP Growth % 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Raleigh-Cary, NC Atlanta, GA Austin, TX Boston, MA Charleston SC Charlotte, NC Columbia, SC Columbus, OH Dallas, TX Denver, CO Greenville, SC Indianapolis, IN Jacksonville, FL Kansas City, MO Louisville, KY Minneapolis, MN Nashville, TN Oklahoma City, OK Philadelphia,PA Phoenix, AZ Portland, OR Richmond, VA Salt Lake City, UT San Diego, CA San Francisco, CA San Jose, CA Seattle, WA St Louis, MO Tampa, FL Washington DC

Projected Population Growth 2014-2044 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 74% Raleigh-Cary, NC Atlanta, GA Austin, TX Boston, MA Charleston SC Charlotte, NC Columbia, SC Columbus, OH Dallas,

37 Projected Population Growth % 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 74% Raleigh-Cary, NC Atlanta, GA Austin, TX Boston, MA Charleston SC Charlotte, NC Columbia, SC Columbus, OH Dallas, TX Denver, CO Greenville, SC Indianapolis, IN Jacksonville, FL Kansas City, MO Louisville, KY Minneapolis, MN Nashville, TN Oklahoma City, OK Philadelphia,PA Phoenix, AZ Portland, OR Richmond, VA Salt Lake City, UT San Diego, CA San Francisco, CA San Jose, CA Seattle, WA St Louis, MO Tampa, FL Washington DC

Average Annual Hours Congestion Delay 90 80 70 60 50 40 30 20 10 0 Raleigh-Cary, NC Atlanta, GA Austin, TX Boston, MA Charleston SC Charlotte, NC Columbia, SC Columbus, OH Dallas TX Denver, CO

38 Average Annual Hours Congestion Delay Raleigh-Cary, NC Atlanta, GA Austin, TX Boston, MA Charleston SC Charlotte, NC Columbia, SC Columbus, OH Dallas TX Denver, CO Greenville, SC Indianapolis, IN Jacksonville, FL Kansas City, MO Louisville, KY Minneapolis, MN Nashville, TN Oklahoma City, OK Philadelphia PA Phoenix, AZ Portland, OR Richmond, VA Salt Lake City, UT San Diego, CA San Francisco, CA San Jose, CA Seattle, WA St Louis, MO Tampa, FL Washington DC

Violent Crime per 100,00 Population (2014) 700 600 500 400 300 200 100 0 Raleigh-Cary, NC Atlanta, GA Austin, TX Boston, MA Charleston SC Charlotte, NC Columbia, SC Columbus, OH Dallas TX Denver, CO

39 Violent Crime per 100,00 Population (2014) Raleigh-Cary, NC Atlanta, GA Austin, TX Boston, MA Charleston SC Charlotte, NC Columbia, SC Columbus, OH Dallas TX Denver, CO Greenville, SC Indianapolis, IN Jacksonville, FL Kansas City, MO Louisville, KY Minneapolis, MN Nashville, TN Oklahoma City, OK Philadelphia PA Phoenix, AZ Portland, OR Richmond, VA Salt Lake City, UT San Diego, CA San Francisco, CA San Jose, CA Seattle, WA St Louis, MO Tampa, FL Washington DC

40 Despite perception, crime rates in major cities have dropped over the past decade. The Statistics Portal

41 % Adults Over 25 with a BA+ 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Raleigh-Cary, NC Atlanta, GA Austin, TX Boston, MA Charleston SC Charlotte, NC Columbia, SC Columbus, OH Dallas, TX Denver, CO Greenville, SC Indianapolis, IN Jacksonville, FL Kansas City, MO Louisville, KY Minneapolis, MN Nashville, TN Oklahoma City, OK Philadelphia, PA Phoenix, AZ Portland, OR Richmond, VA Salt Lake City, UT San Diego, CA San Francisco, CA San Jose, CA Seattle, WA St Louis, MO Tampa, FL Washington DC

43 7% Unemployment Rates August 2013, 2014, 2015, % 5.7% 5.8% 6.0% 5.3% 5% 4% 3% 4.6% 3.6% 4.2% 4.2% % % 0% Cary Raleigh Durham Chapel Hill Source: NC Commerce LAUS, October 2015

44 Cary Employment 90,000 80,000 70,000 73,904 77,065 78,991 81,007 84, % Growth 60,000 50,000 40,000 30,000 20,000 10, Source: NC Commerce LAUS, October 2015

45 Wake County Permit Value Jan-Sept 2012, & 2016 $1,600,000,000 $1,400,000,000 $1,200,000,000 $1,404,552,030 $1,253,480,319 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 Residential Commercial Source: Wake County Government

46 Cary Permit Value Jan-Sept 2012, 2013, 2014, 2015, 2016 $300,000,000 $271,191,341 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $156,182,519 $202,128,756 $191,300,966 $95,099,862 $45,972, $0 Residential Commercial Source: Wake County Government

47 $500,000,000 $450,000,000 $400,000,000 Cary Total Permit Value Jan-September Each year $473,320,097 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $329,410,453 $251,282,381 $230,298,296 $178,358,262 $170,260,941 $150,218,243 $314,315,921 $237,273,333 $ Source: Wake County Government

48 Question 4. In 2015, for the first 9 months of the year are Cary residential permits up or down?

49 Wake County New Residential Permits Jan-Sept ,800 1, ,400 1,200 1, Cary Raleigh Source: Wake County Government

50 $400,000 $350,000 Single Family Residential Values $339,800 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 $282,750 $178,140 $282,960 $297,950 $251,400 $262,760 $269, Source: NCESC.Com

51 Wake County New Residential Permits Jan-Sept ,800 1,600 1,400 1,200 1, Apex Cary Fuquay-Varina Garner Raleigh Wake Forest Wake County Holly Springs Morrisville Source: Wake County Government

52 Cary Residential Properties Sold 4,500 4,000 3,823 3,500 3,000 2,500 2,000 1,500 1, ,305 2,980 2,624 2,800 2,698 2,8763,003 2,348 2,994 2,985 2,792 2,507 2,247 2,155 2,100 1, Source: Wake County Government

53 Cary Residential Properties Sold- Value 400, , , , ,000 $217,905 $229,324 $252,435 $238,693 $327,395 $330,151 $267,441 $312,279 $297,598 $261,822 $241,804 $311,367 $312,116 $306,076 $346,061 $312,772 $337, , ,000 50,000 0 Source: Wake County Government

54 Wake Cary & Raleigh Multi-family Units 120,000 ten years 32% Increase 100,000 80,000 79,440 80,805 82,034 82,694 91,695 86,903 94,490 93,753 94, ,397 95, , ,638 72,780 60,000 55,870 56,876 57,649 57,428 59,837 63,024 64,561 63,619 64,232 64,683 68,542 69,193 40,000 20, ,779 10,043 10,299 10,799 12,310 13,659 13,011 13,927 14,051 16,481 13,739 14,639 15,449 Cary Raleigh Total-Wake Source: Wake County Government

56 Now think all the way back to 2003 LinkedIn (2003) Facebook (2004) YouTube (2005) Twitter (2006) IPhone (2007) Mobile apps Mobile maps Fitbit (2007) Spotify (2007) Dropbox (2007) Airbnb (2008) Hulu (2008) Kickstarter (2009) Facetime (2010) Uber (2009) Pinterest (2010) Tumblr (2010) Snapchat (2011) Udacity (2012)

57 The Next Big Things-Demographic

58 Fewer childrenin 1960, 3.7 children, today 1.9 Demographic and Societal Trends

59 The Slowing Global Population Growth Source: The United Nations Data

62 1,000, , , , , , , , , , ,346 2, ,115 Domestic Migration for All States -104, , ,954 The Winners Texas Florida Colorado North Carolina Arizona South Carolina -191,130 The Losers New York Illinois New Jersey California Michigan Ohio -269, , , , , , , ,326 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 Source: US Census

63 North Carolina Change in Population 2010 to 2015 North Carolina Average 5.3% Graham Cherokee Clay Swain Macon Burke Buncombe McDowell Haywood Jackson Madison Yancey Henderson Polk Avery Rutherford Ashe Watauga Caldwell Alleghany Wilkes Catawba Lincoln Cleveland Gaston Iredell Surry Yadkin Davie Rowan Cabarrus Stokes Forsyth Rockingham Caswell Person Guilford Davidson Randolph Stanly Transylvania Alexander Montgomery Moore Chatham Lee Harnett Wake Franklin Johnston Warren Northampton Gates Halifax Hertford Nash Edgecombe Wilson Greene Wayne Lenoir Pitt Bertie Martin Craven Beaufort Washington Pamlico Tyrrell Hyde Dare Union Anson Richmond Hoke Scotland Robeson Bladen Sampson Duplin Jones Onslow Carteret Pender Columbus Brunswick New Hanover 10.6% and over increase 5.3% to 10.5% increase 0.1% to 5.2% increase population decrease Source: US Census

65 North Carolina s 15 Most Populous Cities 900, , ,097 Population , , , , , , , , , , , , , , ,268 90,957 88,512 87,696 74,543 67,357 59,568

66 20% North Carolina s 15 Most Populous Cities % Growth Population % 15% 13.08% 11.68% 12.83% 10.91% 10% 8.88% 7.57% 5% 5.81% 5.05% 5.65% 3.27% 3.91% 4.08% 0% 0.70% -5% -3.97%

67 Branding

68 The Next Big Things-Technological

69 The Time To Technology Acceptance is Shortening Follow on or LinkedIn Ted Abernathy

70 Advanced Industry Job and Wage Growth % Advanced Industry Wage Growth % ND 12.0% AK CA DE 10.0% NY 8.0% WY WA IA MA IL ID 6.0% ME VT OK NJ MN LA NH KY U.S OR UT PA RI WI FL 4.0% CT AR HA SC KS NC WV NV MO CO NM TX VA AZ SD GA 2.0% NE MD AL IN MI 0.0% MT OH MS -2.0% TN -4.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% Advanced Industry Job Growth Source: Bureau of Labor Statistics

71 Technology Sector Employment Growth ( ) North Dakota Michigan North Carolina Texas Utah Delaware Arizona California New York Missouri Colorado Oregon Georgia Massachusetts Illinois Oklahoma Washington United States District of Columbia Wisconsin Nevada Montana Tennessee South Carolina Nebraska Minnesota Pennsylvania New Hampshire Alaska Florida Iowa South Dakota Idaho Ohio Hawaii New Mexico Maine Indiana Connecticut Mississippi Rhode Island Maryland Louisiana New Jersey Alabama Kansas Virginia Wyoming Arkansas Vermont Kentucky West Virginia -0.8% 10.9% 20.6% Change Over Time NC Ranks: 3 rd -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% Source: EL estimates based on EMSI

73 The Next Big Things-Business

74 Predictions For 2016 The housing market will start to cool slightly in 2016 or Grade C Job growth will stay about current levels for the region- Grade B Cary will begin to feel the impacts of limited commercial space- Grade A- Redevelopment pressures will build for the next decade- Grade A Wage growth will continue to improve- Grade A Election year business nervousness- Grade well Cary remains great- Grade A

75 Economic Development 2,965 New Jobs $100,500,000 New Investment

76 Election 2016

77 2012

78 Thoughts or Questions? Follow on or LinkedIn Ted Abernathy

for The Nation, North Carolina & its Neighbors NC's Regions & Counties Posted October 2, 2013

for The Nation, North Carolina & its Neighbors NC's Regions & Counties Posted October 2, 2013 s 1 Table 1 s The Nation, North Carolina & its Neighbors NC's Regions & Counties North Carolina United States South Carolina Georgia Tennessee Virginia AdvantageWest Economic Development Group Alleghany