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2 North Carolina Competitiveness NC

3 200, , , , , ,000 80,000 60,000 40,000 20,000 0 The Punch Job Change 1990 to ,905 30,685 The loss of about 80% of our traditional manufacturing jobs 16,530 6,119 92,531 8,338 86,962 Textiles Tobacco App/Cut Sew Furniture 30, Source: NCESC.com

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5 NC Employment Changes By Sector % 40% 30% 20% 10% 0% -10% -20% -30% -40% -50% 1% Total -9% Agriculture -30% Mining -14% Utilities -26% Construction -42% Manufacturing 3% Wholesale 0% Retail -13% -18% Trans/Ware Info 18% Finance/Ins 1% Real Estate 35% 27% 40% Prof/Tech Education Health 28% 28% Art/Enter Accom/Food Employees on nonfarm payrolls by state and selected industry sector, seasonally adjusted Source: QCEW County Sector Data

6 60% 40% NC and Prosperity Zone 8 Employment Changes By Sector 55% % 34% 30% 18% 28% 20% 0% -20% -40% 6% -23% -21% -25% -2% 5% -12% -3% -2% 1% -60% Accom/Food Art/Enter Health Education Prof/Tech Real Estate Finance/Ins Info Trans/Ware Retail Wholesale Manufacturing Construction Utilities Agriculture Total Employees on nonfarm payrolls by state and selected industry sector, seasonally adjusted Source: QCEW County Sector Data

7 15% 10% 5% Prosperity Zone Comparisons Total Job Growth % 5.4% 6.4% 0% -5% -1.8% -2.6% -0.9% -10% -15% -20% -25% -21.4% -9.9% Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Zone 8 Source: QCEW County Sector Data

8 Prosperity Zone Comparisons Total Manufacturing Growth % -10% -20% -30% -25.4% -40% -33.8% -36.4% -50% -46.7% -41.4% -46.1% -42.6% -60% -53.1% Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Zone 8 Source: QCEW County Sector Data

9 2013 Economic Strength Ranking for NC Metropolitan and Micropolitan Statistical Areas Of 366 Metropolitan Areas Top Third (7) Middle Third (3) Bottom Third (4) Of 576 Micropolitan Areas Top Third (8) Middle Third (4) Bottom Third (14) Source: Policom.com, 2013

10 NC Employment Growth 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , Jan Annual Employment Source:NCESC.com

11 3.0% Southern States 1-Year Employment Changes July 2012 to July % 2.7% 2.5% 2.0% 1.5% 1.0% 0.5% 0.9% 1.2% 1.9% 2.2% 2.0% 1.8% 1.7% 1.5% 1.2% 1.2% 1.0% 0.6% 1.4% 0.8% 0.0% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: U.S. BLS, Dec, Measured July July 2013

12 300, , ,000 Southern States 1-Year Employment Changes 293, , ,000 50, ,800 13, , ,100 39,000 46,800 24,200 18,900 23,400 69,200 9,700 36,800 32,300 51,600 6,400 AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: U.S. BLS, Dec, Measured May 2012 to May 2013

13 NC Real GDP By Industry % 20% 18% 22% 20% 15% 10% 5% 0% 1% 5% 4% 3% 13% 11% 11% 3% 5% 4% 4% 11% 10% 1% 1% 7% 7% 15% 3% 3% 2% 2% 14% NC South Source: Georgetown Public Policy Institute, Carnevale and Smith, July 2012

14 Southern States Per Capita Income (% Different from Nation Change) 50% 40% 30% 20% 10% 0% 7.5% 20.5% 7.5% 39.2% 8.5% 1.5% U.S. Change 120.6% Inflation 73% 31.5% 22.0% 6.7% 19.7% 11.2% 18.2% -10% -20% -5.1% -4.3% -13.0% -10.7% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: bber, University of New Mexico

15 NC Per Capita Income Compared to $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 U.S United States NC Source: bber, University of New Mexico

16 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 1.6% Southern States Real Personal Income Change 2011 U.S. Change 2.7% 2.6% 2.2% 3.0% 2.6% 2.5% 2.7% 2.1% 1.7% 1.3% 4.1% 1.9% 2.1% 4.3% 2.9% 2.2% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: BLS, June 2013

17 25.0% Southern States Percentage of People Living Below the Poverty Rate 22.6% 20.0% 15.0% 15.9% 19.0% 19.5% 17.0% 20.4% 19.1% 19.1% 15.8% 18.3% 18.9% 17.9% 17.2% 18.5% 18.6% 10.0% 10.1% 11.5% 5.0% 0.0% USA AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV PERCENT OF PEOPLE BELOW POVERTY LEVEL IN THE PAST 12 MONTHS (FOR WHOM POVERTY STATUS IS DETERMINED Source: US Census, American Fact Finder, July 2013

18 GDP/Capita Changes in the NC $50, $45,000 $40,000 $35,000 $30, NC USA Source: BEA, Oct 2012

19 Major Global Trends Impacting Competitiveness

20 Urbanization We Are Becoming A World Where People Live in Urban Regions

21 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% U.S. Population Concentration Metro-Non-Metro Almost 60% of US population lives in Cities of 1 million or more In 2012 over 90% of GDP and 86% of all jobs are in metropolitan areas 80% Metro Non-Metro Source: Census

22 Southern States % of Population Rural % 50% 40% 30% 41% 44% 25% 42% 27% 30% 51% 34% 34% 34% 34% 25% 51% 20% 10% 9% 13% 15% 0% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV Source: U.S. Census 2010

23 NC Gross State Product 2011 Other Metros 6% Non-Metro 19% Charlotte 25% Fayetteville 4% Asheville 3% Hickory 3% Wilmington 3% Piedmont Triad 14% Research Triangle 23% Source: IHS Global Insight, 2013

24 The Talent Bar

25 US Adults Years School Completed 80% 70% 60% 50% 76% In 1980, 32% had some college & 17% BA In 2010, 56% some college & 30% BA % 30% 20% 10% 31% 14% 13% 37% 31% 26% 15% 5% 5% 17% 30% % Less than HS HS Grad Some College BA plus

26 Degree attainment Rate By Southern 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 32% 28% 37% 36% State % 28% 45% 36% 38% 35% 34% 32% 30% 32% 44% AL AR FL GA KY LA MD MO MS NC OK SC TN TX VA WV 26% Source: Lumina Foundation, March 2012

27 Technology

28 Energy McKinsey & Company Disruptive Technologies: May 2013 Mobile Internet Advanced Materials Next Generation Genomics Robotics, Cloud, Digital-intelligence, 3D Printing

29 Global Interdependence

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31 Today s Persistent New Reality The economy changed The competition changed Locational factors changed The U.S. workforce has changed The talent demands changed Life cycles have changed Tools have changed Customer (talent & companies) demands/expectations changed The pace of change and everything else changed

32 A society grows great when old men plant trees whose shade they know they will never sit in. Greek Proverb

33 Listening Tour Recap

34 Listening Tour Recap By the numbers: 8 events 11 weeks 150+ social media mentions 1,000+ assessment surveys 1,000+ participants 1,920 miles traveled

35 Survey Recap Top 3 What are you hearing about quality of workforce? 1. Employers have trouble finding the right technical skills 2. Employers have trouble finding people with soft skills 3. Employees have good skills but need retraining for specific job requirements

36 Survey Recap Top 3 What is reason for skills gap between workers and available jobs? 1. Mismatch between what is being taught in K-12 and skills that employers say are necessary 2. Mismatch between what is being taught in higher ed and skills that employers say are necessary 3. Demographics aging population with lack of new skills

37 Survey Recap Top 5 What can the state do to help businesses in your region? 1. Invest more in local infrastructure 2. Invest more in education 3. Invest more in job training 4. Reduce government regulations 5. Provide more access to capital

38 Survey Recap Top 5 What is most important role of state govt. to grow economy and create jobs? 1. Train and retrain workers 2. Provide incentives to attract companies 3. Aggressive marketing and branding 4. Provide technical assistance to help existing businesses grow 5. Provide capital to small businesses to help them grow

39 JOBS NORTH CAROLINA North Carolina Economic Development Board Recommended Strategies for Economic Growth Identify key growth industries & develop a brand strategy to maximize statewide growth for high quality, sustainable jobs. Create a competitive business climate that drives job growth, retention & attraction in every sector of the economy statewide. Promote innovation, attract early-stage investment and support entrepreneurs. Attract the creative class and retiree population to North Carolina.

40 JOBS NORTH CAROLINA North Carolina Economic Development Board Recommended Strategies for Economic Growth Develop and retain a globally competitive workforce with the knowledge and skills for high quality, sustainable North Carolina jobs. Spread prosperity, jobs and investment to the rural areas of the state. Develop programs that provide local communities with the opportunity to thrive. Streamline economic, workforce and community development functions and measure the effectiveness of state development activities.

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42 Leadership and learning are indispensable to each other. John F. Kennedy