Governors Club
Economic Development Update
Chris Ehrenfeld, Chair
Chatham Economic Development Corporation
Dianne Reid, President
Chatham Economic Development Corporation
March 2015
AGENDA
• Chatham County profile and the need for
economic development
• What is the Chatham EDC?
• Education in Chatham County
• Three Major Proposed Developments
CHATHAM COUNTY PROFILE
• Square Miles: 709(#20 largest of 100)
• Population: 66,817(July 2013 estimate)
• Workforce: 33,628(Dec. 2014)
• Number of Jobs: 14,484(Q2 2014)
• Unemployment: 3.8%(Lowest in state, Dec. 2014)
• Average Weekly Wage: $626(State average $818, Q2 2014)
CHATHAM COUNTY INDUSTRIES
• Agriculture
1,100 farms - largely livestock & poultry
Market value of products sold >$163M (2012)
Manufacturing
Food manufacturing, wood products
Declining base with loss of poultry plant
• Other: Wholesale, Retail, Construction, Real Estate,
Health Care, Professional & Technical Services, Social
Assistance
CHATHAM COUNTY
PRIVATE SECTOR JOBS DECLINE
• Manufacturing was 34% of Chatham jobs in 2005
• Manufacturing jobs decline exceeds new jobs added since 2005:
0
5000
10000
15000
20000
2002 2003 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Private
Public
Total
CHATHAM COUNTY IMPACT
AS A “BEDROOM COMMUNITY”
• 55% of resident labor force commutes out of the County an average of 26 minutes
• $0.63 of every consumer dollar is spent outside Chatham County
• Estimated loss in Chatham sales tax revenue = $9M
40%
27%
18%
15%
County Revenue Sources
Property Taxes
Other
Intergovernmental Transfers
Sales Tax
Residential $6.5 Billion 77.13%
Present-Use $1.2 Billion 13.92%
Commercial $0.6 Billion 7.49%
Industrial $0.1 Billion 1.46%
OtherTotal
$0.0 Billion$8.4 Billion
0.00%100.00%
CHATHAM COUNTY TAX BASE
ResidentialPresent-UseCommercialIndustrial
COST OF COMMUNITY SERVICES
$1.14
$0.33
$0.58
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
Residential Commercial Farmland
Services Cost per $1 in Tax Revenue
Residential
Commercial
Farmland
Source: Cost of Community Services Study 2007
ABOUT CHATHAM EDC
The Chatham Economic Development Corporation
is a private, non-profit organization working to make
Chatham County the preferred location for emerging
growth companies.
By attracting new companies, helping existing businesses and
assisting new ventures, the Chatham EDC encourages new job
creation and private investment in property and equipment.
CHATHAM EDC OBJECTIVES
AttractionTarget established businesses located outside the county and encourage
them to move into Chatham
Retention and ExpansionSupport established businesses within Chatham County, to maintain
existing jobs and help firms grow
EntrepreneurshipHelp small businesses locate resources and support, including
technical and marketing assistance and financing sources
CHATHAM COUNTY SCHOOLS
(CCS); K-12
17 public schools employing 1,200+ people
3 high schools (1 alternative HS), 3 middle
schools, 5 K-8 schools, 5 elementary schools
Average CCS teacher salary is $49,005
86.7% teacher retention rate
Higher than Chapel Hill, Durham & Orange
8,300 students – diverse student body
CHATHAM COUNTY SCHOOLS
Graduation Rates
65
70
75
80
85
2006 2007 2008 2009 2010 2011 2012 2013
Graduation Rate
GraduationRate % byYear
CHATHAM COUNTY SCHOOLS
All 17 schools met or exceeded growth on
federally required Annual Measureable Objectives
Only 14 school districts in state accomplished this
CCS was the largest district in the state to do this
Evaluating schools
Proficiency (Achievement) vs Growth (Improvement)
CHATHAM COUNTY SCHOOLS
Schools Governors Club children attend:
North Chatham Elementary
Margaret Pollard Middle School
Northwood High School
Daily Beast (formerly Newsweek) ranked it as one of
the Top High Schools in America 2014-2015
#6 Best High School in NC by US News & World
Report in 2013
Washington Post “Challenge School” in 2013
CENTRAL CAROLINA
COMMUNITY COLLEGE
Public, non-profit 2-year college
Associate in Arts, Associate in Science, Applied Science,
certificate programs, adult education courses
Campuses in three counties (Chatham, Lee & Harnett)
CENTRAL CAROLINA WORKS
Collaborative dual enrollment
project
High school students earn college
credit by taking CCCC classes
while still in high school
Classes are tuition-free for high
school students
Texas model: Students twice as
likely to enroll in and complete
post-secondary education
Enabling Greater
Economic Development
MAJOR PROPOSED
DEVELOPMENTS
Proposed Industrial, Commercial and Office
Space
• Moncure Super Park – 1,400 acres
• Chatham-Siler City Advanced Manufacturing Site
(CAM Site) – 1,800 acres
• Chatham Park – 7,000 acres
POTENTIAL TARGET INDUSTRIES:
Duke Power’s Site Readiness Program Results
MONCURE SUPER PARK
• Auto parts
• Aviation parts
• Plastics
FIRST AND ONLY STATE
CERTIFIED MEGASITE IN NC
Chatham-Siler City Advanced Manufacturing Site received State Certification on June 11, 2014
• 7,000+ acres
• Live, Work, Play Community
Live - 22,000 residences
Work - 22 million sf of commercial space
Play - 2,000 acres of parks & open space
• 30-40 year build out
PLANNING
FRAMEWORK:
• Commercial along
Highways 64 & 15-
501 and future
15-501 Bypass
• Residential oriented
toward stream valleys,
the Haw River and
Jordan Lake
PLANNING
FRAMEWORK:
• Locate commercial
near Pittsboro and
Highways
• Link new
neighborhoods
to the Haw River
WORK…
• 22 million sq ft of commercial space
16.6M sq ft office; 2.4M sq ft commercial;
2.5M sq ft civic
Technology, biotech, clean tech and medicine
• Economic impact over 40 years
$154 billion for NC; $80 billion for Chatham
61,000 permanent jobs in Chatham
WHAT SUCCESSFUL ECONOMIC
DEVELOPMENT MEANS
For Residents
Larger and more
diverse tax base
Easier access to
medical facilities,
shopping, etc.
Greater opportunities
for local employment
For Business Owners
Larger consumer
base and employee
pool
Increased business
traffic
Business to business
opportunities
GET INVOLVED
Dianne Reid
President, Chatham EDC
919-542-8274
www.chathamedc.org
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