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Joint Legislative Economic Development & Global Engagement Oversight Committee
Recessions Compared
Sources: TIP Industries U.S. Bureau of Labor Statistics, Current Employment Statistics (total nonfarm employment, seasonally adjusted); NBER (recession dates); New York Times (format)
93
94
95
96
97
98
99
100
1 6 11 16 21 26 31 36 41 46 51 56 61 66 71 76 81
Number of months until all jobs "regained"
RECESSIONARY EMPLOYMENT TRENDS Peak employment = 100
1980 1974-1976
1981-1983
1990-1993 2001-2005 2007-2014
(May 2014 = 100.1)
78 months
Annual U.S. Employment Change
-1,757,000
-532,000
62,000
2,019,000 2,484,000
2,071,000
1,115,000
-3,617,000
-5,052,000
1,022,000
2,103,000 2,236,000 2,151,000
3,116,000
2,500,000
-6,000,000
-5,000,000
-4,000,000
-3,000,000
-2,000,000
-1,000,000
0
1,000,000
2,000,000
3,000,000
4,000,000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Source: BLS September 2015
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Percentage Annual Change in Total Jobs
North Carolina United States
Source: BLS September 2015
Annual Percentage Change Total Jobs
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%19
9119
9219
9319
9419
9519
9619
9719
9819
9920
0020
0120
0220
0320
0420
0520
0620
0720
0820
0920
1020
1120
1220
1320
14
Florida Georgia North Carolina South CarolinaTennessee Texas United States
Source: BLS September 2015
USA & NC Unemployment Rate 1990-2015
0%
2%
4%
6%
8%
10%
12%
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
USA NC
Source: BLS September 2015 (Measured Every July)
Southern States 1-Year Employment November 2014 to November 2015
1.9%
1.3% 1.2%
3.0%
2.2% 1.8%
-0.6%
2.0%
1.0% 0.9%
2.2%
-0.1%
2.6%
1.7% 1.5% 1.4%
-1.4% -2.0%
-1.5%
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV
Source: U.S. BLS, December 2015- Measured Nov 2014- Nov 2015
Southern States 1-Year Manufacturing Employment Nov 2014 to Nov 2015
0.3%
-1.2%
-3.6%
2.3% 1.6%
3.3%
-1.8%
1.6%
0.5%
1.6% 1.7%
-5.7%
-0.6%
1.0%
-4.0%
1.5%
0.0%
-7.0%
-6.0%
-5.0%
-4.0%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV
Source: U.S. BLS, December 2015- Measured Nov 2014- Nov 2015
Southern States 1-Year Professional & Business Services Employment Changes Nov 2014 to Nov 2015
3.1%
1.9%
4.5% 4.0%
3.4%
-0.3%
2.0% 2.5%
0.3%
1.2%
3.5%
-0.4%
5.9%
2.9% 2.5% 2.6%
0.3%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV
Source: U.S. BLS December 2015 Measured Nov 2014- Nov 2015
USA & NC Employment Growth November 2014- November 2015
1.9%
4.2%
0.3%
1.7% 1.8%
3.1% 2.9% 2.9%
0.4%
2.2%
3.5%
1.7% 1.7%
5.0%
3.5% 2.9%
1.6%
0.4%
0%
1%
2%
3%
4%
5%
6%
USA NC
Source: U.S. BLS December 2015 Measured Nov 2014- Nov 2015
North Carolina Metro Employment Growth- Last 12 months Compared to 12 months ago
2.2% 1.3% 1.1%
3.3%
2.6%
-0.2%
-1.9%
3.0%
0.5%
-0.4% -0.6% -1.1%
1.4%
0.0% 0.1%
2.1%
-3%
-2%
-1%
0%
1%
2%
3%
4%
Source: BLS, December 2015, measured Nov 2014- Nov 2015
Cherokee Clay
Graham
Macon
Swain
Jackson
Haywood
Madison
Buncombe
Henderson
Tran- sylvania
Yancey
Avery
McDowell
Rutherford
Polk
Watauga
Caldwell
Burke
Cleveland
Ashe Alleghany
Wilkes
Alex- ander
Catawba
Lincoln
Gaston
Surry
Yadkin
Iredell
Stokes
Forsyth
Davie
Rowan
Cabarrus
Union
Rockingham
Guilford
Davidson Randolph
Stanly
Anson
Mont- gomery Moore
Rich- mond
Caswell Person
Chatham Wake
Lee
Warren
Franklin
Harnett
Hoke
Scot- land
Robeson Bladen
Columbus
Brunswick
Johnston
Northampton
Halifax
Nash
Wilson
Edgecombe
Wayne
Sampson
Duplin
Pender
New Hanover
Onslow
Jones
Lenoir
Greene
Pitt
Hertford
Gates
Bertie
Wash- ington
Martin
Beaufort Hyde
Tyrrell Dare
Craven Pamlico
Carteret
Growth above state average 2.9% Growing below state average 2.9% Losing Jobs
CHANGE IN AVERAGE NUMBER OF EMPLOYED PEOPLE November 2014 to November 2015 North Carolina state average 2.9%
Source: NC Department of Commerce http://d4.nccommerce.com/LausSelection.aspx
Cherokee Clay
Graham
Macon
Swain
Jackson
Haywood
Madison
Buncombe
Henderson
Tran- sylvania
Yancey
Avery
McDowell
Rutherford
Polk
Watauga
Caldwell
Burke
Cleveland
Ashe Alleghany
Wilkes
Alex- ander
Catawba
Lincoln
Gaston
Surry
Yadkin
Iredell
Stokes
Forsyth
Davie
Rowan
Cabarrus
Union
Rockingham
Guilford
Davidson Randolph
Stanly
Anson
Mont- gomery Moore
Rich- mond
Caswell Person
Chatham Wake
Lee
Warren
Franklin
Harnett
Hoke
Scot- land
Robeson Bladen
Columbus
Brunswick
Johnston
Northampton
Halifax
Nash
Wilson
Edgecombe
Wayne
Sampson
Duplin
Pender
New Hanover
Onslow
Jones
Lenoir
Greene
Pitt
Hertford
Gates
Bertie
Wash- ington
Martin
Beaufort Hyde
Tyrrell Dare
Craven Pamlico
Carteret
Growth above state average of 5.2% Growing below state average of 5.2% Losing Jobs
CHANGE IN AVERAGE NUMBER OF EMPLOYED PEOPLE November 2012 to November 2015 North Carolina state average 5.2%
Source: NC Department of Commerce http://d4.nccommerce.com/LausSelection.aspx
Cherokee Clay
Graham
Macon
Swain
Jackson
Haywood
Madison
Buncombe
Henderson
Tran- sylvania
Yancey
Avery
McDowell
Rutherford
Polk
Watauga
Caldwell
Burke
Cleveland
Ashe Alleghany
Wilkes
Alex- ander
Catawba
Lincoln
Gaston
Surry
Yadkin
Iredell
Stokes
Forsyth
Davie
Rowan
Cabarrus
Union
Rockingham
Guilford
Davidson Randolph
Stanly
Anson
Mont- gomery Moore
Rich- mond
Caswell Person
Chatham Wake
Lee
Warren
Franklin
Harnett
Hoke
Scot- land
Robeson Bladen
Columbus
Brunswick
Johnston
Northampton
Halifax
Nash
Wilson
Edgecombe
Wayne
Sampson
Duplin
Pender
New Hanover
Onslow
Jones
Lenoir
Greene
Pitt
Hertford
Gates
Bertie
Wash- ington
Martin
Beaufort Hyde
Tyrrell Dare
Craven Pamlico
Carteret
Growth above state average of 2.5% Growing below state average of 2.5% Losing Jobs
CHANGE IN AVERAGE NUMBER OF JOBS June 2014 to June 2015 North Carolina state average 2.5%
Source: NC Department of Commerce http://d4.nccommerce.com/QCEWSelection.aspx
How Competitive Is North Carolina?
Top Factors for Companies Considering New Investment
1) Highway accessibility 2) Occupancy or construction costs 3) Available land 4) Availability buildings 5) Availability of skilled labor 6) Labor costs 7) Right-to-work state 8) Proximity to major markets 9) Energy availability and costs 10) Corporate tax rate 11) Tax exemptions 12) State & Local Incentives
Source: Area Development 29th Annual Survey of Corporate Executives, March 2015
Top Quality of Life Factors for Companies Considering New Investment 1) Low crime rate 2) Ratings of public schools 3) Health care facilities 4) Housing availability 5) Housing costs 6) Colleges & universities in the area 7) Recreational opportunities 8) Cultural opportunities 9) Climate
Source: Area Development 29th Annual Survey of Corporate Executives, March 2015
American South Tax Rankings- Tax Foundation (1 is Best, 50 is Worst)
Corporate Tax Individual Income Sales Tax Property Tax
Alabama 27 23 41 10 Arkansas 40 28 44 19 Florida 14 1 12 16 Georgia 8 42 17 30 Kentucky 29 30 11 17 Louisiana 23 27 50 24 Maryland 16 45 8 41 Mississippi 11 21 28 33 Missouri 4 29 29 7 North Carolina 25 15 33 29 Oklahoma 7 40 38 11 South Carolina 13 41 18 21 Tennessee 15 8 47 37 Texas 39 6 36 36 Virginia 6 39 6 26 West Virginia 17 26 25 25
Location Matters-The State Tax Costs of Doing Business (Tax Foundation & KPMG) (1 is Best, 50 is Worst)
Corporate Headquarters
R&D Facility
Retail Store Capital-Intensive Manufacturing
Labor- Intensive
Manufacturing
Call Center Distribution Center
Alabama 20 44 8 19 24 7 3
Arkansas 24 39 21 44 39 30 17
Florida 11 23 19 31 21 14 29
Georgia 16 15 18 9 3 2 4
Kentucky 8 33 14 25 22 19 16
Louisiana 27 3 25 16 9 26 34
Maryland 17 10 32 24 4 9 14
Mississippi 29 28 21 49 35 15 23
Missouri 34 49 38 12 6 31 31
N Carolina 5 16 5 17 19 12 8
Oklahoma 9 25 19 29 29 17 5
S Carolina 30 36 36 42 20 41 49
Tennessee 31 40 30 28 30 24 27
Texas 14 26 15 23 14 20 35
Virginia 12 35 16 20 2 21 15
WV 42 48 35 43 47 43 33
Forbes- Best States for Business 2015 1. Utah 2. North Carolina 3. Nebraska 4. North Dakota 5. Colorado 6. Texas 7. Virginia 8. Indiana 9. South Dakota 10.Washington
Source: Forbes 2015
Business Costs #5 Labor Supply #9 Regulatory #4 Economic Climate #22 Growth Prospects #10 QOL #16
Chief Executive Best States for Business 2015
1. Texas 2. Florida 3. North Carolina 4. Tennessee 5. Georgia 6. Indiana 7. Louisiana 8. Nevada 9. Arizona 10.South Carolina
Source: Chief Executive Magazine 2015
AL
AK
AZ
AR
CA
CO
CT
DE
FL GA
HA
ID
IL IN
IA
KS
LA KY
ME
MD
MA
MI
MN
MS
MO
MT
NE
NV
NH
NJ
NM
NY NC
ND
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VT
VA
WA
WV
WI
WY
0
5
10
15
20
25
30
35
40
45
50
0 10 20 30 40 50
Average Statistical Ranking
Average "Best States" ranking
Rankings and Performance States By Average Ranks by Forbes, CNBC, and Chief Executive Plotted Against Actual Performance for Job Growth, Wage Growth and Growth in GDP
AL
AK
AZ
AR
CA
CO
CT
DE
FL GA
HA
ID
IL IN
IA
KS
LA KY
ME
MD
MA
MI
MN
MS
MO
MT
NE
NV
NH
NJ
NM
NY NC
ND
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VT
VA
WA
WV
WI
WY
0
5
10
15
20
25
30
35
40
45
50
0 10 20 30 40 50
Average Statistical Ranking
Average "Best States" ranking
Rankings and Performance States By Average Ranks by Forbes, CNBC, and Chief Executive Plotted Against Actual Performance for Job Growth, Wage Growth and Growth in GDP
AL
AK
AZ
AR
CA
CO
CT
DE
FL GA
HA
ID
IL IN
IA
KS
LA KY
ME
MD
MA
MI
MN
MS
MO
MT
NE
NV
NH
NJ
NM
NY NC
ND
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VT
VA
WA
WV
WI
WY
0
5
10
15
20
25
30
35
40
45
50
0 10 20 30 40 50
Average Statistical Ranking
Average "Best States" ranking
Rankings and Performance
Worse Performance Than Rank
Better Performance Than Rank
States By Average Ranks by Forbes, CNBC, and Chief Executive Plotted Against Actual Performance for Job Growth, Wage Growth and Growth in GDP
AL
AK
AZ
AR
CA
CO
CT
DE
FL GA
HA
ID
IL IN
IA
KS
LA KY
ME
MD
MA
MI
MN
MS
MO
MT
NE
NV
NH
NJ
NM
NY NC
ND
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VT
VA
WA
WV
WI
WY
0
5
10
15
20
25
30
35
40
45
50
0 10 20 30 40 50
Average Statistical Ranking
Average "Best States" ranking
Rankings and Performance
Worse Performance Than Rank
Better Performance Than Rank
States By Average Ranks by Forbes, CNBC, and Chief Executive Plotted Against Actual Performance for Job Growth, Wage Growth and Growth in GDP
Can Rural North Carolina Compete? (80 Rural)
Cherokee Clay
Graham
Macon
Swain
Jackson
Haywood
Madison
Buncombe
Henderson
Tran- sylvania
Yancey
Avery
McDowell
Rutherford
Polk
Watauga
Caldwell
Burke
Cleveland
Ashe Alleghany
Wilkes
Alex- ander
Catawba
Lincoln
Gaston
Surry
Yadkin
Iredell
Stokes
Forsyth
Davie
Rowan
Cabarrus
Union
Rockingham
Guilford
Davidson Randolph
Stanly
Anson
Mont- gomery Moore
Rich- mond
Caswell Person
Chatham Wake
Lee
Warren
Franklin
Harnett
Hoke
Scot- land
Robeson Bladen
Columbus
Brunswick
Johnston
Northampton
Halifax
Nash
Wilson
Edgecombe
Wayne
Sampson
Duplin
Pender
New Hanover
Onslow
Jones
Lenoir
Greene
Pitt
Hertford
Gates
Bertie
Wash- ington
Martin
Beaufort Hyde
Tyrrell Dare
Craven Pamlico
Carteret
Growth above state average 6.7% Growing below state average 6.7% Losing Jobs
CHANGE IN AVERAGE NUMBER OF JOBS June 2012 to June 2015 North Carolina state average 6.7%
Source: NC Department of Commerce http://d4.nccommerce.com/QCEWSelection.aspx
Cherokee Clay
Graham
Macon
Swain
Jackson
Haywood
Madison
Buncombe
Henderson
Tran- sylvania
Yancey
Avery
McDowell
Rutherford
Polk
Watauga
Caldwell
Burke
Cleveland
Ashe Alleghany
Wilkes
Alex- ander
Catawba
Lincoln
Gaston
Surry
Yadkin
Iredell
Stokes
Forsyth
Davie
Rowan
Cabarrus
Union
Rockingham
Guilford
Davidson Randolph
Stanly
Anson
Mont- gomery Moore
Rich- mond
Caswell Person
Chatham Wake
Lee
Warren
Franklin
Harnett
Hoke
Scot- land
Robeson Bladen
Columbus
Brunswick
Johnston
Northampton
Halifax
Nash
Wilson
Edgecombe
Wayne
Sampson
Duplin
Pender
New Hanover
Onslow
Jones
Lenoir
Greene
Pitt
Hertford
Gates
Bertie
Wash- ington
Martin
Beaufort Hyde
Tyrrell Dare
Craven Pamlico
Carteret
Growth above state average 6.7% Growing below state average 6.7% Losing Jobs Urban Counties
CHANGE IN AVERAGE NUMBER OF JOBS June 2012 to June 2015 North Carolina state average 6.7%
Source: NC Department of Commerce http://d4.nccommerce.com/QCEWSelection.aspx
Accelerating Global Urbanization
“What we begin to notice in 1983 was an alarming economic decline in the non-metropolitan South.”
1983
Source: Missouri Data Portal, July 2015
North Carolina has 553 municipalities- over 200 have
fewer than 1,000 residents- only 38 have more than 25,000
Rank Municipality County Population 1 Charlotte Mecklenburg 803,392 2 Raleigh Wake, Durham 432,133 3 Greensboro Guilford 280,801
4 Durham Durham, Orange, Wake
244,108
5 Winston-Salem Forsyth 237,885 6 Fayetteville Cumberland 208,373 7 Cary Wake, Chatham 148,103 8 Wilmington New Hanover 113,910 9 High Point Guilford,
Davidson, Forsyth, Randolph
108,552
10 Asheville Buncombe 89,248 11 Greenville Pitt 87,436 12 Concord Cabarrus 85,426 13 Jacksonville Onslow 76,576 14 Gastonia Gaston 73,186 15 Chapel Hill Orange, Durham 59,753 16 Rocky Mount Nash, Edgecombe 55,958
17 Huntersville Mecklenburg 53,821 18 Burlington Alamance,
Guilford 51,919
19 Wilson Wilson 49,030 20 Kannapolis Cabarrus, Rowan 44,427 21 Apex Wake 42,672 22 Hickory Catawba, Burke,
Caldwell 40,330
23 Indian Trail Union 36,628 24 Mooresville Iredell 36,391 25 Goldsboro Wayne 35,434
What is a small town?
Change in Population 2000-2013
12.3%
8.7% 10.7%
22.3% 22.1%
8.7%
3.5%
11.9%
5.2%
8.0%
22.3%
11.6%
19.0%
14.2%
26.8%
16.7%
2.5%
0%
5%
10%
15%
20%
25%
30%
Source: U.S. Census
Cherokee Clay
Graham
Macon
Swain
Jackson
Haywood
Madison
Buncombe
Henderson
Tran- sylvania
Yancey
Avery
McDowell
Rutherford
Polk
Watauga
Caldwell
Burke
Cleveland
Ashe Alleghany
Wilkes
Alex- ander
Catawba
Lincoln
Gaston
Surry
Yadkin
Iredell
Stokes
Forsyth
Davie
Rowan
Cabarrus
Union
Rockingham
Guilford
Davidson Randolph
Stanly
Anson
Mont- gomery Moore
Rich- mond
Caswell Person
Chatham Wake
Lee
Warren
Franklin
Harnett
Hoke
Scot- land
Robeson Bladen
Columbus
Brunswick
Johnston
Northampton
Halifax
Nash
Wilson
Edgecombe
Wayne
Sampson
Duplin
Pender
New Hanover
Onslow
Jones
Lenoir
Greene
Pitt
Hertford
Gates
Bertie
Wash- ington
Martin
Beaufort Hyde
Tyrrell Dare
Craven Pamlico
Carteret
6.1% and over increase 2.1% to 6.0% increase 0.0% to 2.0% increase population decreased
North Carolina Change in Population 2000 to 2013
Source: NC Office of State Budget and Management
NC Job & Labor Force Shifts 2000-2014 Urban and Rural
2,503,770 2,756,588
2,412,779
2,916,755
1,309,709 1,210,729
1,725,425 1,739,451
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
Jobs 2000 Jobs 2014 Labor Force 2000 Labor Force 2014
Urban Rural
Source: BLS, October, 2015, NC total were developed using the sum of all 100 counties
NC Job & Labor Force Shifts 2000-2014 Urban and Rural
252,818
503,976
-98,980
14,026
-200,000
-100,000
0
100,000
200,000
300,000
400,000
500,000
600,000
Jobs 2000-2014 Labor Force 2000-2014Urban Rural
Source: BLS, October, 2015, NC total were developed using the sum of all 100 counties
NC Job Changes 2000-2014 Urban and Rural
10%
-18%
-39%
4%
-12%
19% 25%
60% 46%
-8%
-30% -43%
-5%
-27%
0% 18%
35% 21%
-60%
-40%
-20%
0%
20%
40%
60%
80%
Urban Rural
Source: BLS, October, 2015, NC total were developed using the sum of all 100 counties
Cherokee Clay
Graham
Macon
Swain
Jackson
Haywood
Madison
Buncombe
Henderson Tran- sylvania
Yancey
Avery
McDowell
Rutherford
Polk
Watauga
Caldwell
Burke
Cleveland
Ashe Alleghany
Wilkes
Alex- ander
Catawba
Lincoln
Gaston
Surry
Yadkin
Iredell
Stokes
Forsyth
Davie
Rowan
Cabarrus
Union
Rockingham
Guilford
Davidson Randolph
Stanly
Anson
Mont- gomery Moore
Rich- mond
Caswell Person
Chatham Wake
Lee
Warren
Franklin
Harnett
Hoke
Scot- land
Robeson Bladen
Columbus
Brunswick
Johnston
Northampton
Halifax
Nash
Wilson
Edgecombe
Wayne
Sampson
Duplin
Pender
New Hanover
Onslow
Jones
Lenoir
Greene
Pitt
Hertford
Gates
Bertie
Wash- ington
Martin
Beaufort Hyde
Tyrrell Dare
Craven Pamlico
Carteret
above state average of 5.2% 0.0% to state average -0.0% to -5.0% decrease -5.1% and greater decrease
North Carolina CHANGE IN AVERAGE ANNUAL WAGES 2000 to 2014
Source: U.S. Bureau of Labor Statistics, BEA (www.bls.gov)
Cherokee Clay
Graham
Macon
Swain
Jackson
Haywood
Madison
Buncombe
Henderson Tran- sylvania
Yancey
Avery
McDowell
Rutherford
Polk
Watauga
Caldwell
Burke
Cleveland
Ashe Alleghany
Wilkes
Alex- ander
Catawba
Lincoln
Gaston
Surry
Yadkin
Iredell
Stokes
Forsyth
Davie
Rowan
Cabarrus
Union
Rockingham
Guilford
Davidson Randolph
Stanly
Anson
Mont- gomery Moore
Rich- mond
Caswell Person
Chatham Wake
Lee
Warren
Franklin
Harnett
Hoke
Scot- land
Robeson Bladen
Columbus
Brunswick
Johnston
Northampton
Halifax
Nash
Wilson
Edgecombe
Wayne
Sampson
Duplin
Pender
New Hanover
Onslow
Jones
Lenoir
Greene
Pitt
Hertford
Gates
Bertie
Wash- ington
Martin
Beaufort Hyde
Tyrrell Dare
Craven Pamlico
Carteret
above 10.0% over state average 0.0% to 9.9% over state average -0.0% to -9.9% below state average -10.0% to -24.9% to below state average -25% and greater below state average
Annual Average Pay 2014 Compared to North Carolina Average of $44,969
Source: U.S. Bureau of Labor Statistics (www.bls.gov)
North Carolina
2014 Gross State Product 84.8% of State Total in Metros
Charlotte 32%
Research Triangle
28%
Piedmont Triad 17%
Asheville 4%
Fayetteville 4%
Non-Metro 15%
GSP
Creating More Competitiveness Top Factors for Companies Considering New Investment
1) Highway accessibility 2) Occupancy or construction
costs 3) Available land 4) Availability buildings 5) Availability of skilled labor 6) Labor costs 7) Right-to-work state 8) Proximity to major markets 9) Energy availability and costs 10) Corporate tax rate 11) Tax exemptions 12) State & Local Incentives
Creating More Competitiveness Top Factors for Companies Considering New Investment
1) Highway accessibility 2) Occupancy or construction
costs 3) Available land 4) Availability buildings 5) Availability of skilled labor 6) Labor costs 7) Right-to-work state 8) Proximity to major markets 9) Energy availability and costs 10) Corporate tax rate 11) Tax exemptions 12) State & Local Incentives
Creating More Competitiveness Top Factors for Companies Considering New Investment
1) Highway accessibility 2) Occupancy or construction
costs 3) Available land 4) Availability buildings 5) Availability of skilled labor 6) Labor costs 7) Right-to-work state 8) Proximity to major markets 9) Energy availability and costs 10) Corporate tax rate 11) Tax exemptions 12) State & Local Incentives
Quality of Life Issues 1) Low crime rate 2) Ratings of public schools 3) Health care facilities 4) Housing availability 5) Housing costs 6) Colleges & universities in the
area 7) Recreational opportunities 8) Cultural opportunities 9) Climate
Questions?
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