Economic Development UpdateCHRIS EHRENFELD

CHAIR, CHATHAM ECONOMIC DEVELOPMENT CORPORATION

• Chatham County Profile

• About Chatham EDC

• Major developments

• New growth

Chatham County Profile

43.5%

28.7%

19.8%

13.2%

Wake Chatham Durham Orange

Population Growth

Population Density

Workforce

= 1,000 people in labor force

Jobs

= 1,000 jobs

= $100

Chatham County

North Carolina

Average Weekly Wage

= 1,000 people unemployed

Unemployment

$0.63 of every

consumer dollar is

spent outside

Chatham County

Estimated loss in

Chatham County sales

tax revenue = $9M

40%

27%

18%

15%

County Revenue Sources

Property Taxes

Other

Intergovernmental Transfers

Sales Tax

Bedroom Community Impact

Residential $6.5 Billion 77.13%

Present-Use $1.2 Billion 13.92%

Commercial $0.6 Billion 7.49%

Industry $0.1 Billion 1.46%

Other $0.0 Billion 0.00%

Total $8.4 Billion 100.00%

Residential Present-use

Commercial Industry

91%

9%

Chatham County Tax Base

$1.14

$0.33

$0.58

Residential Commercial Farmland

Cost of Community Services

Siler City

Moncure

Goldston

Pittsboro

Briar Chapel

Fearrington

Village

Governors

Club

Carolina

Meadows

Chatham Economic Development Corporation

About

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.

Objectives

Attraction

Target established businesses located outside the county and encourage them to move into Chatham

Retention and Expansion

Support established businesses within Chatham County, to

maintain existing jobs and help firms grow

Entrepreneurship

Help small businesses locate resources and support, including

technical and marketing assistance and financing sources

Prime Sites

Merry Oaks-MoncureIndustrial SiteMONCURE, NORTH CAROLINA

Chatham-Siler City Advanced Manufacturing SiteSILER CITY, NORTH CAROLINA

Central Carolina Business CampusSILER CITY, NORTH CAROLINA

Chatham ParkPITTSBORO, NORTH CAROLINA

Buildings & Sites Database

New Growth

Pittsboro Pet Supply

Walker Napa Auto

Bellemont Station

Bellemont Station

Photo: Town of Pittsboro

ExtraSpace Storage

North Chatham Village

Polk Village

Briar Chapel

Get Involved

www.chathamedc.org

Sign up for our

newsletter and stay in

touch with social media

Dianne Reid

President, Chatham EDC

dreid@chathamedc.org

919-542-8275