1. Harrisburg Business Alliance

2. Intro Cabarrus Economic Development Corporation
Mission – To increase the quality of life for Cabarrus County through the creation of high impact jobs and new tax investments.
501-C4 Private Non-Profit Corporation
Unbiased development focus between Business & Local Government
Represent all Cabarrus County: Concord, Kannapolis, Harrisburg, Midland and Mt. Pleasant
Funding: Public and Private Funding model
Team of 4:
Samantha Grass – New Business Project Manager
LeeAnn Nixon – Existing Industry
Josh Fernandez – Research and Marketing

3. Our Focus Basic vs. Non-Basic Business growth
Basic Industry growth – Business that’s built on external market revenue generation. I.e. Sells products outside local market and brings revenue into community. Example: Corning-sells fiber optic cabling worldwide
Non-Basic – Utilizes revenues already existing within community and continues to turn over. Examples: Retail/service etc.

4. Basic Non-Basic
$$$$
$$$$

5. Basic vs. Non-Basic

6. A Year in Numbers (2017 & 2018)
1,258 Announced New Jobs $540M Announced New Investment (basic industry growth) 213 Existing Industry Visits 135 RFI’s worked

7. Site Selection Factors
Availability of Skilled Labor
Highway Accessibility
Quality of Life
Occupancy or Construction Costs
Available Buildings
6. Labor Costs
Corporate Tax Rate
Proximity to Major Markets
State and Local incentives
Energy availability and costs

8. Looking ahead… Strong Commercial/Industrial growth through 2018
Industrial Product Development for Cabarrus County will become essential
Commercial pivot due to “Amazon Effect”
Experience/entertainment based retail will
Reshoring and international FDI will continue
High employment will increase pressure on industrial automation

9. Amazon Example 1 million Sq. Ft. Kannapolis fulfillment facility
Total Investment: $85 Million
Total Jobs: 600+

10. Amazon Impact Analysis
Cabarrus County, NC

11. What happens when you bring a fulfillment center to Cabarrus County which would create 600 jobs?
This analysis is for Cabarrus County. IMPLAN provides the total economic and fiscal impacts this expansion has on the county’s economy.

12. Event Year: 2017 Region: Cabarrus County, NC
For a basic analysis, you only need the industry or institution in which the change is occurring, the year of the change, and one of the following: industry sales, employment, employee compensation or proprietor income. With this information, and the power of local economic data provided by IMPLAN, we can estimate the rest of the information needed for this impact.

13. Direct Effect
Employment
Labor Income
Total Value Added
Output
600
$22,989,084
$28,917,297
$62,722,973
Direct Impacts represent the initial economic activity and include provided data as well as estimates for missing components. Annual operations employ people with specific income.

14. Indirect Effect
Employment
Labor Income
Total Value Added
Output
245
$7,025,552
$13,873,863
$26,725,615
Indirect Impacts represent industry to industry purchases. The distribution and fulfillment industry’s expenditures and purchases of goods and services generate further local industry demand through the supply chain

15. Induced Effect
Employment
Labor Income
Total Value Added
Output
154
$4,838,894
$9,547,170
$17,589,053
Induced Impacts represent the spending of Labor Income by employees of all impacted industries. Employee and proprietor spending of Labor Income combined with the employee and proprietor spending of Labor Income generated in all subsequently impacted industries is estimated to support jobs.

16. Total Effect
Employment
Labor Income
Total Value Added
Output
1,002
$34,846,529
$52,338,330
$107,037,641
Above are estimates of the indirect and induced impacts in the region associated with adding 600 jobs in the distribution and fulfillment industry. These impacts are sustained through during the operation period.

17. Top 10: Affected Industries
Indirect Effects
Induced Effects
Employment Impacts
Total Impact
Code
Description
Total
440
Real Estate
$8,179,216
416
Warehousing and storage
$3,378,360 49
Electric power transmission and distribution
$1,008,736 62
Maintenance and repair construction
$969,318
454
Management Consulting Services
$878,881
415
Couriers and messengers
$790,576
464
Employment services
$742,104
507
Commercial and industrial machinery and equipment
$711,220
528
Wireless Telecommunication Carriers
$693,336
395
Wholesale trade
$667,323

18. Top 10: Affected Industries
Indirect Effects
Induced Effects
Employment Impacts
Total Impact
Code
Description
Total
441
Owner-occupied dwellings
$3,027,827
440
Real estate
$1,449,905
395
Wholesale trade
$889,486
502
Limited-service restaurants
$753,453
475
Offices of physicians
$552,372
428
Wireless Telecommunication Carriers
$483,386
501
Full-service restaurants
$470,173
405
Retail – General merchandise stores
$431,522
513
Religious organizations
$413,627
436
Other financial-investment activities
$337,144

19. Top 10: Affected Industries
Indirect Effects
Induced Effects
Employment Impacts
Total Impact
Code
Description
Total
440
Real Estate 59
416
Warehousing and storage 41
464
Employment services 15
468
Services to buildings 13
415
Couriers and messengers 12
454
Management consulting services 10
462
Office administrative services 8 62
Maintenance and repair construction 7
470
Other support services 6
507
Commercial and industrial machinery and equipment 5

20. Top 10: Affected Industries
Indirect Effects
Induced Effects
Employment Impacts
Total Impact
Code
Description
Total
416
Warehousing and storage
$66,178,568
440
Real estate
$9,629,121
441
Owner-occupied dwellings
$3,027,827
395
Wholesale trade
$1,556,809
428
Wireless Telecommunication Carriers
$1,176,704 49
Electric power transmission and distribution
$1,158,231 62
Maintenance and repair construction
$1,128,338
454
Management consulting services
$944,477
415
Couriers and messengers
$846,963
502
Limited-service restaurants
$828,556

21. Questions?