Independent Economic Development Task Force Meeting #20 January 22, 2014 K. Gleasman 1/22/20141

Agenda 1.Review and approve meeting notes from Mtg #19 2.Discussion with Dr. Patricia Mitchell, 3.Other topics from task force 4.Public Comment – Summarized Input 5.Adjourn 1/22/20142

Review and approve meeting notes from Mtg #19 1/22/20143

Introduction Dr. Patricia Mitchell, CEcD Assistant Secretary Rural Development Division NC Department of Commerce 301 N Wilmington Street 4301 Mail Service Center Raleigh, NC /22/20144

Questions to start the discussion 1.Tell us about which rural counties in NC have successfully turned around their economies. What were key factors to their success? 2.What are key barriers to success that can be overcome with concerted effort? 3.What might a county like Transylvania, expect from the NC Rural Economic Development Center assistance programs? 4.What are the key decision criteria for receiving assistance from these programs? 5.In addition to what we might ask for, what is the state doing to help rural counties like ours?.... sending leads our way? Providing incentives to businesses who are investing in rural NC? 6.What would it take to get Transylvania closer to the top of your list of counties to assist? 7.Describe the role of a successful economic development lead for a rural county. 8.If we determine what kinds of businesses we want, how can we work with your department to get qualified leads that meet our criteria? 9.Why do you believe the re-organized Department of Commerce at the state level will be better able to bolster local economic development efforts? 1/22/20145

Other topics from task force members 1/22/20146

Public Comment – process Please send public comment to: o address: Or provide in writing prior to or after each meeting. New will be accessible to all task force members Karen Gleasman will ensure written comments are passed on to all task force members  No input received this week 1/22/20147

Adjourn 1/22/20148

Questions 1.What process did you use to get to the recommendation? 2.What large businesses will be targeted? 3.When will we get back to Ecusta/Dupont era wages? 4.Besides the new organization, what else is recommended? 5.How much will this cost and how will it be funded? 6.What will this organization actually do? 7.If we do this, are new jobs guaranteed? 8.What is different between today’s and recommended organization? 1/22/20149

Roadmap to complete 3 tasks Have brainstormed list of 27 targeted industries Reviewed and modified: TC Assets TC Challenges Targeted companies profile Approach to econ development Branding Marketing 1/22/ /11/ /06/2013

Mission statements 1/22/201411

Targeted completion date – after upgrade Oct 23, 2013: propose process to analyze agency data Oct 30, 2013: finalize process to analyze agency data (retreats?) October 31, 2013: most all agency input received November (with holidays): analyze data December: propose/evaluate organization construct alternatives End of January: Interim report to community – Brand, mission, vision, brainstormed list of targeted businesses, and EDO construct(s) Feb 12 – finalize org construct, brand, mission, vision March – Select targeted businesses, develop initial marketing plan March – Final report prepared/presented to community and commissioners 1/22/201412

Definition of Economic Development “Economic development is a process by which a community creates, retains, and reinvests wealth, and improves the quality of life.” David Dodson, MDC Inc, Chapel Hill, NC 1/22/201413

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: 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 1/22/201414