1. Independent Economic Development Task Force Meeting #22 February 5, 2014 K. Gleasman 10/8/20151

2. Agenda 1.Review and approve meeting notes from Mtgs #20 and #21 2.Open forum with public, 30 min (5 min per person) 3.NC Dept of Commerce Data a.Wages, employed, unemployed and unemployment rate b.Number of establishments in Transylvania County c.Deeper dive on wages 4.Targeted industries 5.Other topics from task force 6.Public Comment – Summarized Input 7.Adjourn 10/8/20152

3. Mtg 20 Meeting Notes 10/8/20153

4. Mtg 21 Meeting Notes – Public Presentation 10/8/20154

5. NC County Comparison Data from NC Dept of Commerce, Labor and Economic Analysis Div CountyAverage Wage/HrEmployedUnemployedUnemployment Rate Tier Henderson$17.9148,89126085.1%3 Buncombe$18.47120,66964265.1%3 Haywood$17.7926,82616385.8%2 Jackson$19.5720,05412515.9%1 Macon$16.6114,63311377.2%2 Transylvania$15.4311,3768356.8%2 NC$20.074,315,3663056.9% 10/8/20155

6. Transylvania – establishments by industry sector 10/8/20156

7. Preliminary Conclusions Transylvania’s unemployment rate ~1.7% higher than Buncombe and Henderson Matching the rates would result in additional 212 people in Transylvania working (assuming no changes in workforce) Wages are significantly lower Do we have a higher percentage of lower paid occupations? Matching occupation, how do wages compare? 10/8/20157

8. Some wage data 10/8/20158

9. Interesting to note for Transylvania County Zero working in the following occupations: Architecture and Engineering Legal Farming, Fishing, and Forestry Installation, Maintenance and Repair Only 81% of total employed included in wage data Of those included in wage data, 8% not assigned to an occupation Therefore these conclusions are not precise 10/8/20159

10. Unexplained Differences 10/8/201510

11. Rough* Conclusions from wage data *See Slide 6 Transylvania has a higher percentage of Education, Training, and Library Occupations 16% TC compared to 5% HC and 6% BC Wages for this occupation ~15% lower in TC compared to HC & BC We have a comparable percentage of food service occupations 9% TC compared to 11% HC and 13% BC We have a lower percentage of production occupations 4% TC compared to 13% HC and 7% BC Average and Experienced Wages are 16 – 23% lower in TC compared with HC and BC 10/8/201511

12. Targeted industry brainstormed list 10/9/2013 Goldsmith Industries Industries Target Company Profile NutraceuticalsAerospace industry partsCut & SewMedical care recovery Rev range: $50K - $50M Outdoor Recreation EquipmentComposites3D Printing Number of employees: 1-150 Food and Beverage Consider methods of mfg: e.g. precision maching, web based Environmental industries, e.g. recycled matls -> t-shirts Retention/expansion of current businesses Automotive PartsBrevard CollegeBRCC Quality of place is big draw Sports, Health, and WellnessBambooCamps Potential for above average pay Solo WorkerDestination spaMedical equipment TourismDestination health clubLabs e.g. biomedical Research lab: e.g. farm/agriBuild musical instruments Food processing, e.g. applesMore movies here Artisanal agriculture, e.g. mustards, Do More barsMusic recording studios Expansion of TVSEvents Parts/supplies for existing comp., e.g. cans for OSKAR BLUESContinuing care More like Everett Farms, Busy Bee NOT in conflict with quality of place 10/8/201512

13. Shall we sort by targeted industries recently published by NC Dept of Commerce? 1.Manufacturing 2.Knowledge Creation 3.Military 4.Agriculture Forestry and Food 5.Bio Pharma 6.Business Services 7.Hospitality, Tourism, & Entertainment 8.IT/Software 9.Transportation Logistics 10.Energy 10/8/201513

14. Other topics from task force members 10/8/201514

15. Public Comment – process Please send public comment to: o email address: TCIEDTF@gmail.com orTCIEDTF@gmail.com Or provide in writing prior to or after each meeting. New email will be accessible to all task force members Karen Gleasman will ensure written comments are passed on to all task force members 10/8/201515

16. Public Comment received through EMAIL Unfortunately I “misspelled” email address at the end of the 1/29/14 public presentation, leaving off TC in front of TCIEDTF. My apologies, KG Stoney Blevins – recommended funding for new org come from city as well as county Terry Nichelson – several suggestions which can be found in their entirety on the Daily Waterfall – topics nimble, perceptions, real estate prices, message control, transplant investor wants, language choice, composition of board. 10/8/201516

17. Adjourn 10/8/201517

18. How are tier rankings made 10/8/201518

19. How are tier rankings made 10/8/201519

20. For example, Haywood “slipped” from 3 to 2 10/8/201520