North Carolina (Statewide) 2016 Prosperity Zone Data Books
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1 North Carolina (Statewide) 2016 Prosperity Zone Data Books
2 2 North Carolina Prosperity Zones
3 Western North Carolina Prosperity Zones Northwest Region Piedmont-Triad Region Western Region Southwest Region 3
4 Eastern North Carolina Prosperity Zones North Central Region Northeast Region Sandhills Region Southeast Region 4
5 Prosperity Zone Population Estimates 2014 Source: North Carolina Office of State Budget and Management 5
6 Population by Age Group to to to to and Older North Central 24% 10% 28% 26% 12% Northeast 21% 12% 24% 27% 16% Northwest 20% 11% 23% 28% 18% Piedmont-Triad 23% 10% 25% 27% 15% Sandhills 25% 10% 25% 25% 14% Southeast 22% 12% 25% 25% 16% Southwest 24% 9% 28% 26% 12% Western 19% 8% 23% 27% 22% North Carolina 23% 10% 26% 26% 15% Source: North Carolina Office of State Budget and Management 6
7 Population Growth 2009 Population 2014 Population Population Change North Central 2,130,787 2,308, % Northeast 531, , % Northwest 617, , % Piedmont-Triad 1,597,445 1,655, % Sandhills 852, , % Southeast 991,038 1,047, % Southwest 2,041,124 2,202, % Western 674, , % North Carolina 9,435,396 9,953, % Source: North Carolina Office of State Budget and Management 7
8 Components of Population Growth 2010 to 2014 Natural Growth Net Migration North Central 56,000 85,518 Northeast 2,270 1,237 Northwest -1,643 4,710 Piedmont-Triad 15,400 27,518 Sandhills -2,645 20,130 Southeast Southwest 20,466 47,031 32,115 88,408 Western -4,811 26,292 North Carolina 154, ,153-40% -20% 0% 20% 40% 60% 80% 100% Source: North Carolina Office of State Budget and Management Note: Migration calculated relative to most recent Census year (2010). 8
9 Labor Force Change 2010 Labor Force 2015 Labor Force Labor Force Change North Central 1,093,828 1,171, % Northeast 249, , % Northwest 295, , % Piedmont-Triad 801, , % Sandhills 352, , % Southeast 442, , % Southwest 1,062,289 1,146, % Western 318, , % North Carolina 4,616,690 4,769, % Source: Local Area Unemployment Statistics (LAUS), NC Dept. of Commerce 9
10 Job Holders by Age Group North Central 11% 21% 24% 24% 16% 5% Northeast 12% 20% 21% 22% 18% 6% Northwest 13% 18% 22% 24% 18% 6% Piedmont-Triad 12% 20% 22% 24% 17% 6% Sandhills 12% 21% 22% 23% 16% 5% Southeast 13% 21% 21% 22% 17% 6% Southwest 12% 21% 24% 23% 15% 5% Western 13% 21% 22% 22% 17% 6% North Carolina 12% 21% 23% 23% 16% 5% Source: Quarterly Workforce Indicators, US Census Bureau 10
11 Percent of Total Employment, Age 55+ Western Prosperity Zones % 23.3% 20.1% 22.7% 17.3% 19.7% 21.4% 23.2% 18.9% 21.4% Northwest Piedmont-Triad Southwest Western North Carolina Source: Quarterly Workforce Indicators, US Census Bureau 11
12 Percent of Total Employment, Age 55+ Eastern Prosperity Zones % 20.7% 20.0% 23.5% 19.0% 21.8% 19.7% 22.5% 18.9% 21.4% North Central Northeast Sandhills Southeast North Carolina Source: Quarterly Workforce Indicators, US Census Bureau 12
13 Percent of Total Employment, 24 and Younger Western Prosperity Zones % 11.8% 11.5% 11.7% 11.7% 11.6% 12.4% 12.6% 11.8% 11.8% Northwest Piedmont-Triad Southwest Western North Carolina Source: Quarterly Workforce Indicators, US Census Bureau 13
14 Percent of Total Employment, 24 and Younger Eastern Prosperity Zones % 10.9% 13.0% 12.4% 12.5% 12.4% 13.8% 13.4% 11.8% 11.8% North Central Northeast Sandhills Southeast North Carolina Source: Quarterly Workforce Indicators, US Census Bureau 14
15 Average Annual Wages 2010 Average Annual Wages 2015 Average Annual Wages Change North Central $47,050 $51, % Northeast $33,298 $36, % Northwest $32,463 $35, % Piedmont-Triad $38,756 $43, % Sandhills $34,017 $36, % Southeast $34,187 $36, % Southwest $47,264 $53, % Western $33,746 $36, % North Carolina $41,580 $46, % Source: Quarterly Census of Employment & Wages (QCEW), NC Dept. of Commerce 15
16 Community College Enrollment 200, Enrollments Enrollments 180, , , , ,000 80,000 60,000 40,000 20,000 0 North Central Northeast Northwest Piedmont-Triad Sandhills Southeast Southwest Western Source: NC Community Colleges, Statistical Reports Note: Enrollments represent unduplicated headcount of students enrolled in curriculum and continuing education courses. 16
17 Educational Attainment, Age Year Estimates, Less Than High School High School or Equivalent Some College or Associate Degree Bachelor s Degree North Central 12% 23% 28% 37% Northeast 17% 31% 32% 20% Northwest 20% 31% 30% 18% Piedmont-Triad 16% 29% 30% 25% Sandhills 17% 29% 34% 19% Southeast 14% 28% 35% 23% Southwest 13% 25% 31% 31% Western 13% 28% 32% 28% North Carolina 15% 27% 31% 28% Source: US Census, American Community Survey, 5-year estimates 17
18 Unemployment Rate Trends Western Prosperity Zones 13.2% % 11.6% 10.9% 10.5% 10.6% 9.9% 9.7% 10.6% 10.3% 8.5% 8.0% 7.8% 7.4% 7.9% 5.7% 5.7% 5.4% 5.3% 5.7% Northwest Piedmont-Triad Southwest Western North Carolina Source: Local Area Unemployment Statistics (LAUS), NC Dept. of Commerce 18
19 Unemployment Rate Trends Eastern Prosperity Zones % 9.1% 11.8% 11.3% 10.4% 10.5% 10.0% 9.3% 9.6% 9.9% 10.6% 10.3% 7.1% 6.9% 7.4% 8.0% 7.9% 5.4% 6.0% 5.7% North Central Northeast Sandhills Southeast North Carolina Source: Local Area Unemployment Statistics (LAUS), NC Dept. of Commerce 19
20 Change in Employed Workers 2010 Employed 2015 Employed Change North Central 990,777 1,108, ,765 Northeast 221, ,076 5,258 Northwest 258, ,902 9,681 Piedmont-Triad 711, ,188 45,855 Sandhills 311, ,036 6,273 Southeast 398, ,082 27,055 Southwest 938,183 1,083, ,518 Western 285, ,951 22,438 North Carolina 4,115,628 4,495, ,845 Source: Local Area Unemployment Statistics (LAUS), NC Dept. of Commerce 20
21 Change in Employed Workers Western Prosperity Zones 18% 16% 14% Southwest 12% 10% 8% 6% 4% Western Piedmont-Triad Northwest 2% 0% Source: Local Area Unemployment Statistics (LAUS), NC Dept. of Commerce 21
22 Change in Employed Workers Eastern Prosperity Zones 14% 12% North Central 10% 8% 6% Southeast 4% 2% Northeast Sandhills 0% -2% Source: Local Area Unemployment Statistics (LAUS), NC Dept. of Commerce 22
23 Change in Business Establishments 2010 Establishments 2015 Establishments Change North Central 56,322 60, % Northeast 13,489 12, % Northwest 14,254 13, % Piedmont-Triad 38,285 38, % Sandhills 16,331 16, % Southeast 24,230 24, % Southwest 57,891 62, % Western 19,363 19, % North Carolina 252, , % Source: Quarterly Census of Employment & Wages (QCEW), NC Dept. of Commerce 23
24 Job Change Relative to 2009 Western Prosperity Zones % 8.8% 7.0% 6.9% 2.7% 4.0% 2.8% 3.9% 0.1% 1.2% 1.4% 0.3% -1.1% -0.7% -0.7% Northwest Piedmont-Triad Southwest Western North Carolina Source: Quarterly Census of Employment & Wages (QCEW), NC Dept. of Commerce 24
25 Job Change Relative to 2009 Eastern Prosperity Zones % 8.8% 4.7% 4.6% 3.9% 0.7% 1.5% 0.3% -1.3% -0.1% -1.4% -0.3% -0.7% -0.9% -2.7% North Central Northeast Sandhills Southeast North Carolina Source: Quarterly Census of Employment & Wages (QCEW), NC Dept. of Commerce 25
26 Private Sector Industry Employment, 2015 Western Prosperity Zones Northwest 15% 15% 29% 11% 6% 3% 4% 5% 2% 12% Piedmont- Triad 16% 13% 17% 10% 10% 4% 5% 5% 4% 16% Southwest 10% 13% 11% 11% 9% 7% 6% 6% 7% 21% Western 20% 17% 12% 16% 6% 4% 6% 3% 2% 14% North Carolina 14% 14% 13% 11% 8% 6% 5% 5% 5% 18% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Health Care and Social Assistance Manufacturing Admin & Support, Waste Mgmt, and Remediation Construction Finance and Insurance Retail Trade Accommodation and Food Services Professional, Scientific, and Technical Services Wholesale Trade All Other Source: Quarterly Census of Employment & Wages (QCEW), NC Dept. of Commerce 26
27 Private Sector Industry Employment, 2015 Eastern Prosperity Zones North Central 15% 14% 11% 11% 8% 9% 6% 5% 4% 17% Northeast 15% 19% 12% 16% 6% 3% 5% 4% 3% 16% Sandhills 19% 17% 17% 13% 7% 3% 5% 3% 2% 14% Southeast 14% 18% 11% 15% 7% 5% 6% 4% 3% 17% North Carolina 14% 14% 13% 11% 8% 6% 5% 5% 5% 18% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Health Care and Social Assistance Manufacturing Admin & Support, Waste Mgmt, and Remediation Construction Finance and Insurance Retail Trade Accommodation and Food Services Professional, Scientific, and Technical Services Wholesale Trade All Other Source: Quarterly Census of Employment & Wages (QCEW), NC Dept. of Commerce 27
28 Concentration of Industry Employment Western Prosperity Zones Northwest Piedmont- Triad Southwest Western 2015 Industry Rank #1 - #5 Location Quotient Jobs 2015 Industry Rank #6 - #10 Location Quotient 1 Furniture and Related Product Manufacturing ,132 6 Paper Manufacturing ,057 2 Textile Mills ,288 7 Plastics and Rubber Products Manufacturing ,088 3 Electrical Equipment, Appliance, and Component Manufacturing ,158 8 Food Manufacturing ,383 4 Wood Product Manufacturing ,413 9 State Government ,359 5 Chemical Manufacturing , Nonmetallic Mineral Product Manufacturing ,128 1 Textile Mills ,292 6 Paper Manufacturing ,202 2 Apparel Manufacturing ,714 7 Textile Product Mills ,232 3 Furniture and Related Product Manufacturing ,002 8 Electrical Equipment, Appliance, and Component Manufacturing ,600 4 Beverage and Tobacco Product Manufacturing ,296 9 Wood Product Manufacturing ,453 5 Plastics and Rubber Products Manufacturing , Chemical Manufacturing ,534 1 Textile Mills ,381 6 Broadcasting (except Internet) ,080 2 Data Processing, Hosting, and Related Services ,423 7 Credit Intermediation and Related Activities ,606 3 Air Transportation ,160 8 Textile Product Mills ,591 4 Performing Arts, Spectator Sports, and Related Industries ,450 9 Plastics and Rubber Products Manufacturing ,510 5 Management of Companies and Enterprises , Securities, Commodity Contracts, and Other Financial Investments ,045 1 Textile Mills ,357 6 Accommodation ,240 2 Electrical Equipment, Appliance, and Component Manufacturing ,874 7 Nursing and Residential Care Facilities ,351 3 Museums, Historical Sites, and Similar Institutions ,225 8 Food and Beverage Stores ,603 4 Paper Manufacturing ,101 9 Building Material and Garden Equipment and Supplies Dealers ,464 5 Plastics and Rubber Products Manufacturing , Hospitals ,571 Jobs Source: Economic Modeling Specialists International Notes: To qualify for this list, each 3-digit NAICS industry was required to have at least 1,000 jobs in the region. Location Quotient is a ratio that illustrates the state s employment concentration within a particular industry compared to the nation. Calculated as: (NC x industry employment / NC total employment) / (US x industry employment / US total employment) 28
29 Concentration of Industry Employment Eastern Prosperity Zones North Central Northeast Sandhills Southeast Location 2015 Industry Rank #1 - #5 Jobs 2015 Industry Rank #6 - #10 Quotient Location Quotient 1 Chemical Manufacturing ,602 6 Publishing Industries (except Internet) ,617 2 Computer and Electronic Product Manufacturing ,362 7 Telecommunications ,621 3 Textile Mills ,234 8 Electrical Equipment, Appliance, and Component Manufacturing ,019 4 State Government ,353 9 Educational Services ,715 5 Beverage and Tobacco Product Manufacturing , Professional, Scientific, and Technical Services ,490 1 Chemical Manufacturing ,329 6 Support Activities for Agriculture and Forestry ,326 2 Paper Manufacturing ,456 7 Real Estate ,836 3 Crop Production ,837 8 Local Government ,528 4 State Government ,984 9 Gasoline Stations ,113 5 Wood Product Manufacturing , Food Manufacturing ,343 1 Textile Mills ,122 6 Paper Manufacturing ,943 2 Federal Government ,658 7 Plastics and Rubber Products Manufacturing ,518 3 Animal Production and Aquaculture ,330 8 Wood Product Manufacturing ,880 4 Apparel Manufacturing ,172 9 Gasoline Stations ,971 5 Food Manufacturing , Support Activities for Agriculture and Forestry ,619 1 Federal Government ,256 6 Crop Production ,434 2 Animal Production and Aquaculture ,643 7 Nonmetallic Mineral Product Manufacturing ,642 3 Food Manufacturing ,640 8 Motor Vehicle and Parts Dealers ,082 4 Electrical Equipment, Appliance, and Component Manufacturing ,362 9 State Government ,941 5 Utilities , Building Material and Garden Equipment and Supplies Dealers ,397 Jobs Source: Economic Modeling Specialists International Notes: To qualify for this list, each 3-digit NAICS industry was required to have at least 1,000 jobs in the region. Location Quotient is a ratio that illustrates the state s employment concentration within a particular industry compared to the nation. Calculated as: (NC x industry employment / NC total employment) / (US x industry employment / US total employment) 29
30 Largest Manufacturing Industries Western Prosperity Zones Northwest Piedmont-Triad Southwest Western Top Manufacturing Industries Employment Employment Change Furniture and Related Product 16,228 15, % Food 5,243 4, % Textile Mills 4,436 4, % Chemical 3,918 3, % Furniture and Related Product 12,047 10, % Textile Mills 9,533 9, % Plastics and Rubber Products 9,036 6, % Fabricated Metal Product 8,917 7, % Transportation Equipment 11,587 8, % Machinery 11,285 9, % Fabricated Metal Product 11,225 9, % Food 9,298 8, % Electrical Equip., Appliance, Comp. 3,505 3, % Plastics and Rubber Products 3,298 2, % Transportation Equipment 2,155 1, % Fabricated Metal Product 2,136 2, % Source: Quarterly Census of Employment & Wages (QCEW), NC Dept. of Commerce 30
31 Largest Manufacturing Industries Eastern Prosperity Zones North Central Northeast Sandhills Southeast Top Manufacturing Industries Employment Employment Change Computer and Electronic Product 22,849 22, % Chemical 19,034 20, % Machinery 7,921 6, % Fabricated Metal Product 6,612 5, % Food 3,704 3, % Chemical 2,932 2, % Machinery 1,763 1, % Paper 1,567 1, % Food 12,243 12, % Plastics and Rubber Products 3,329 3, % Textile Mills 2,996 2, % Paper 2,012 2, % Food 10,653 8, % Transportation Equipment 3,522 2, % Fabricated Metal Product 2,796 2, % Electrical Equip., Appliance, Comp. 2,457 2, % Source: Quarterly Census of Employment & Wages (QCEW), NC Dept. of Commerce 31
32 Taxable Retail Sales Growth Inflation-adjusted dollars FY (in millions) FY (in millions) Change % of FY NC Retail Sales North Central $20.7 $ % 24.5% Northeast $4.9 $ % 5.3% Northwest $4.6 $ % 4.9% Piedmont-Triad $13.6 $ % 15.2% Sandhills $6.5 $ % 6.7% Southeast $8.8 $ % 10.0% Southwest $21.9 $ % 26.3% Western $6.2 $ % 7.2% North Carolina $87.2 $ % N/A Source: NC Department of Revenue, State Sales and Use Tax Reports by Fiscal Year, Table 3 32
33 Impacts of the Tourism Industry 2014 Expenditures (millions) Payroll (millions) Employment State Tax Receipts (millions) North Central $3,880 $945 39,010 $192 Northeast $1,770 $327 18,480 $84 Northwest $991 $178 9,000 $50 Piedmont-Triad $2,776 $547 24,480 $148 Sandhills $1,321 $240 12,450 $69 Southeast $2,061 $381 19,620 $99 Southwest $6,265 $1,850 59,950 $298 Western $2,259 $456 21,950 $112 North Carolina $21,323 $4, ,940 $1,052 Source: Economic Development Partnership of North Carolina, Travel Economic Impact Model (TEIM). 33
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