Post on 05-Oct-2020
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THE LEADING EDGE
1 EDGE 5 — THE LEADING EDGE
Sheila Ahler Cherry Bekaert LLP
Chuck Anderson Ellis & Winters
Jimmy Barnes NAI Carolantic Realty, Inc.
Mary Ann Black Duke University Health System
Jane Brasier Advanced Energy
Billy Brooks IBM, USA
Alan Burchett ABB
Rodney Carson MetLife
Sheila Carter DB Global Technology
Scott Cutler Clancy & Theys Construction Co.
Renee Daniels Fonville Morrisey
Jason DeFreitas Greene Resources
Heather Denny McDonald York
Ken Eudy Capstrat
Laurie Ford Newland & Co.
Paula Fryland PNC Bank
Maeve Gardner GSK
Pamela Gilchrist IPREO
Gary Greene Greene Resources
Christiaan Heijmen VACO Raleigh
John Hogan Highwoods Properties
Tim Hopper Gilero
Gary Joyner Kilpatrick Townsend & Stockton LLP
Michael Landguth RDU
Chad Lefteris Rex Healthcare
Florence Lively Eaton
Don McCorquodale SAS
Camille Mims Fonville Morrisey
Sid Mitchner VACO Raleigh
Angela Nelson Manning Fulton
Christina O’Neill Cisco
Bill Pappas Parker Poe
Dan Perry Shelco, Inc.
Dr. Terrence Pierson RTI International
Steve Player The Wooten
Company
Kyle Prairie Carolina Hurricanes
Tom Rabon New Kind
F. Michael Sajovec Myers Bigel Sibley & Sajovec
Nate Spilker Citrix
Greg Winkler Wells Fargo
Mayor Nancy McFarlane City of Raleigh
DeLisa Alexander Red Hat
Alan Hughes Blue Cross & Blue Shield of North Carolina
O’Hara Macken IPREO
Greg Poole, III Gregory Poole Equipment
Dr. Randy Woodson NC State University
Jim Hansen PNC Bank
Ann Goodnight SAS
Paul Newton Duke Energy
Chairman Dr. James West Wake County
General Campaign Co-Chairs
Edge 5 Program Refinement Task Force Co-Chairs
Edge 5 Program Refinement Task Force
Honorary Campaign Co-Chairs
JOIN US.
To achieve the goals of Edge 5, we have embarked on an aggressive, five-year program to invest $12 million in five key pillars: Regional Competitiveness & Cooperation; Marketing & Public Relations, New Business Attraction & Job Creation; Existing Industry Support, Innovation & Entrepreneurship; Talent Attraction & Development; and Quality of Place & Sustainability. The result of this investment will be the creation of a minimum of 100,000 jobs in the region with more than 65,000 of these in Wake County with an associated annual income of over $5 billion.
We have agreed to serve as joint chairs of the Edge 5 campaign and our organizations are investing in the five-year Edge program.
We ask you to join us. Raleigh, Wake County and the region have enjoyed tremendous success over the past 20 years. Our investment will ensure success for the next twenty!
Thank you for your partnership.
Our warmest personal regards,
Raleigh, Wake County and the Triangle Region are known for collaborating effectively to bring about tangible results for our communities. Effective collaboration does not happen by accident. It is intentional and requires the dedication of business, government and civic leaders like you. Since its establishment in 1995, The Greater Raleigh Chamber of Commerce’s Competitive Edge initiative has spearheaded economic development for Raleigh, Wake County and the Research Triangle. Edge has generated significant returns and impact for the region, including:
�n 168,500 or 58% increase in new jobs in Wake County between 1995 – 2012
�n 290,000 or 42% increase in new jobs in the region between 1995 – 2012
�n Passage of four school bonds totaling $3 billion for school construction
�n Recruitment of the Carolina Hurricanes in 1997
�n Expanded construction of 540, expansion of I-440 and other transportation and transit initiatives
The Greater Raleigh Chamber of Commerce, through its five-year program Edge 5 – The Leading Edge, is a catalyst for our efforts and approach to economic development, talent recruitment and maintaining our quality of life. This long-standing and highly effective public-private partnership is built on a solid foundation of teamwork among key leaders in business, government, higher education and regional organizations.
Message from the Co-Chairs
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Jim Hansen PNC Bank
Ann Goodnight SAS
Paul Newton Duke Energy
EDGE 4 – IMPACT
Since its establishment in 1995, the Greater Raleigh Chamber of Commerce’s Edge initiative has spearheaded economic development for Raleigh, Wake County, and the region. Managed in five-year campaigns, the Edge program plays a critically important role in the growth of the region.
Edge: A Track Record of Success and Leadership
3 EDGE 5 — THE LEADING EDGE
EDGE 5 – GOALS
100,000NEW JOBS FOR THE REGION
Sources: NCDS Input/Output model for Wake County, NC. County data, MIG, Inc., IMPLAN.
1 Direct Impact: Impact generated directly from the jobs created.
2 Indirect Impact: Changes in employment, income, and output (business sales) in various industry sectors of the local economy supplying goods and services to the companies that expanded.
3 Induced Impact: The ripple effect of increased income as employees spend.
4 Income: Employee compensation + proprietor income (owner wages).
Impact Type Jobs Income4
Direct Impact1 16,500 $1,818,364,997
Indirect Impact2 14,127 $885,133,396
Induced Impact3 13,271 $609,042,384
43,898 $3.3 BILLIONJOBS ANNUAL INCOME
64,555 $5.4 BILLIONJOBS ANNUAL INCOME
Impact Type Jobs Income4
Direct Impact1 25,000 $2,965,860,840
Indirect Impact2 20,085 $1,429,585,167
Induced Impact3 19,470 $990,208,941
TALENT / LABOR FORCEWAKE COUNTY
Increase Wake County labor force by 12% or 61,064 new workers, with special emphasis in target industry sectors including Manufacturing, Information, Professional and
Business Services and Financial Activities
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The Edge 5 initiative will sustain and enhance many of our current successful efforts. It will also pursue bold new strategies that leverage our economic development assets and showcase them to global decision makers.
Edge 5 – “The Leading Edge” Five Pillars
Regional Competitiveness and Cooperation
Marketing/PR, New Business Attraction & Job Creation
Existing Industry Support, Innovation & Entrepreneurship
Talent Attraction & Development
Quality of Place & Sustainability
ACTIONS:�n Partner on communications strategies to tell the story
of the 16 county region
�n Host domestic and international delegations
�n Conduct research to articulate the value proposition of the region and analyze new market opportunities
�n Collaborate with other stakeholders in the evolution of a new business-focused brand to promote the region. Integrate that brand into the Partnership’s marketing campaign
GOAL:
Support the Research Triangle Regional Partnership’s economic development strategy to attract jobs and investment to the region
5 EDGE 5 — THE LEADING EDGE
WAKE COUNTY EMPLOYMENT INCREASED BY MORE THAN 72,500 JOBS FROM JANUARY 2010 THROUGH JULY 2014.
Regional Competitiveness and Cooperation
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n Support the growth of emerging and converging clusters including CleanTech, Information Technology, Agricultural Biotechnology, Pharmaceuticals, and Healthcare
�n Serve as the facilitator and convener for industry and business organizations in the region to promote and sustain our “best-in-class” culture of partnership and collaboration
�n Cultivate site selection consultants and market the region to create a strong pipeline of economic development projects considering the region
�n Provide project management to support the region in economic development projects
GOAL:
Attract new jobs and investment to Raleigh and Wake County
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ACTIONS: �n Articulate Raleigh and Wake County’s competitive
advantages through precision marketing strategies aimed at target industry sectors*
�n Launch a national and international media and public relations campaign to showcase Raleigh, Wake County and the region
�n Generate new business opportunities by cultivating relationships with site selection consultants, real estate brokers and developers through participation in trade shows, industry events and targeted recruitment trips
�n Develop industry specific marketing materials and website enhancements to promote the assets of targeted industry sectors
�n Coordinate requests for proposals and site visits for prospects interested in relocating to Raleigh and Wake County in partnership with economic development partners
*Targeted Industry Sectors Include:
1. Life Sciences: Contract Research Organizations, Biotechnology, Drug Development, Pharmaceuticals and Drug Manufacturing.
2. Information Technology: Software Development, Computer Hardware Manufacturing, Application Development, Data/Analytics, Data Storage, Information Technologies and Mobile Technologies.
3. Clean-Tech/Smart Energy Infrastructure: Smart Grid, Renewable Energy, Solar Power, Water Filtration, Advanced Transportation, Semiconductors, Advanced Metering Infrastructure, Home Energy Management, Distribution Grid Management and EV Charging.
4. Advanced Manufacturing: Transportation Technologies, Fuel Cells, Robotics, Controls, Measuring Equipment, Electronic Components, Disc Drives, Engineering R&D, Lasers, Ceramics and Composites.
5. Healthcare: Advanced Medical Technology, Diagnostics, Medical Devices. Imaging and Healthcare IT.
Marketing/PR, New Business Attraction & Job Creation2
STRATEGY INNOVATION SUPPORT.
7 EDGE 5 — THE LEADING EDGE
Existing Industry Support, Innovation & Entrepreneurship
GOAL:
Promote the expansion and retention of existing industries in Wake County. Provide support for entrepreneurship and innovation in targeted industry clusters
ACTIONS: �n Support the retention and expansion of existing
companies in Wake County by providing assistance with regulatory issues, incentives, workforce training, talent attraction and site location
�n Leverage input from existing industry to develop strategic actions and initiatives to respond to the needs of target industry sectors
�n Identify supply chain needs within targeted industry sectors and develop a recruitment strategy to attract suppliers to the area
�n Market our strengths and companies to target industry sectors through mapping, marketing materials, and sharing success stories through a national media campaign
�n Act as convener with entrepreneurial focused organizations and companies in targeted industry clusters, to enhance networks and access to capital to promote expansion
�n Support cluster and product development with local municipalities throughout Wake County
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Talent Attraction & Development
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4GOAL:
Expand the number of highly skilled employees for existing and new companies in Wake County that are necessary for companies to meet their competitive needs, grow locally and compete globally
ACTIONS: � �n Expand the Work in the Triangle initiative to promote
Raleigh, Wake County and the Triangle as a premier place for talent to work, live, play and learn
�n Support companies in targeted industry sectors through customized solutions to address specific talent needs
�n Leverage input from our universities, existing business and industry partners to address areas of skill gaps and talent recruitment needs
�n Use trade shows, career fairs and industry-specific events to attract highly skilled talent
�n Develop marketing materials and initiatives focused on targeted industry clusters and specific career opportunities
LAUNCHED “WORK IN THE TRIANGLE, SMARTER FROM ANY ANGLE,” A REGIONAL TALENT ATTRACTION INITIATIVE TO SUPPORT COMPANIES HIRING IN THE REGION.
9 EDGE 5 — THE LEADING EDGE
Quality of Place & Sustainability
GOAL:
Develop and support local, regional and statewide policies that address our growing population, retention of workforce talent and high quality of life
ACTIONS: � �n Support K-12 public education, STEM, community
colleges and higher education as a conduit to talent development
� �n Conduct public policy research and polling in support of major quality of life initiatives
� �n Work with the Raleigh-Durham International Airport to expand air service to new markets critical to the health of existing business and for attracting new business
� �n Promote business and talent retention by supporting public policies that encourage a growing population and maintain a high quality of life
� �n Execute special initiatives that will sustain our renowned quality of life by encouraging strategic investments in the areas of public education, transportation, water, sewer, energy, and other vital infrastructure
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EDGE HELPED PASS FOUR SUCCESSFUL SCHOOL BONDS TOTALING $3 BILLION IN SCHOOL CONSTRUCTION.
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Edge 5 Funding Summary
Our goals for Edge 5 are ambitious and far-reaching. In order to execute on this vision—which was built based on significant community input—we need your support. The graphic below summarizes the investments we plan to make in our five pillars, and identifies the organization responsible for each component.
Five Year Funding Campaign for Economic Competitiveness for Raleigh/Wake/Research Triangle
Edge 5 Steering Committee Allocates Resources to Economic Competitiveness Plan
Regional Competitiveness & Cooperation
Research Triangle Regional
Partnership
$2.2 MILLION
Wake County Economic Development
$8.2 MILLION
Greater Raleigh Chamber of Commerce /
Government Affairs
$1.6 MILLION
Place Based Marketing,
New Business Attraction & Job Creation
Existing Industry, Innovation &
Entrepreneurship
Talent Attraction &
Development
Quality of Place & Sustainability
Alfred Williams & Co.
Allen Tate
AT&T North Carolina
Balfour Beatty Construction
Bank of America
Berkshire Hathaway HomeServices York Simpson Underwood Realty
Biogen
Branch Banking & Trust Co.
Capitol Broadcasting Co., Inc.
Capstrat
Carolina Hurricanes
Century 21 Triangle Group
Cherry Bekaert LLP
City of Raleigh
Cisco Systems, Inc.
Clancy & Theys Construction
Coldwell Banker Howard Perry and Walston
CRB Consulting Engineers, Inc.
Curtis Media Group
Deloitte
Dixon Hughes Goodman LLP
DPR Construction, Inc.
Duke Energy
Duke Raleigh Hospital
Ernst & Young LLP
Exhibit Resources, Inc.
Fifth Third Bank
First Citizens Bank
Fonville Morisey Realty, Inc.
Frost, PLLC
Gensler
Golden Corral Corporation
Greene Resources, Inc.
Gregory Poole Equipment Co.
Highwoods Properties, Inc.
Hilldrup Companies
IPREO
John Deere Worldwide - Commercial & Consumer Equipment Division
Kane Realty Corporation
Kilpatrick Townsend & Stockton LLP
Kimley-Horn & Associates, Inc.
Lend Lease US Construction
Liaison Design Group
LORD Corporation
Manning, Fulton & Skinner, P.A.
Martin Marietta Materials, Inc.
McGladrey
Medical Mutual Insurance Company of NC
MetLife
Myers Bigel Sibley & Sajovec, P.A.
NAI Carolantic Realty, Inc.
New Kind
Newcomb & Company
Newland Real Estate Group
The News & Observer Publishing Co.
Nexsen Pruet
North Carolina State University
North State Bank
O’Brien/Atkins Associates, PA
Paragon Bank
Parker Poe Adams & Bernstein LLP
Pepsi Bottling Ventures
PNC Bank
Poyner Spruill LLP
Premiere Communication & Consulting, Inc.
Professional Builders Supply, LLC
PSNC Energy
Quintiles
RATIO
Red Hat, Inc.
Research Triangle Foundation of North Carolina
Rex Healthcare
Riley Contracting Group
RTI International
S&ME
SAS Institute, Inc.
SciQuest
Shelco, Inc.
Skanska USA Building, Inc.
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP
Stewart
SunTrust Bank
The Nautical Group
Vaco Raleigh, LLC
Wake County Government
WakeMed Health & Hospitals
Wells Fargo
Williams Mullen
Womble Carlyle Sandridge & Rice, LLP
The Wooten Company
Wyrick Robbins Yates & Ponton LLP
York Properties / McDonald York Building Company
As of March 1, 2015
For more information about the Edge 5 program, Please contact Adrienne Cole, Executive Director, Wake County Economic Development at 919-664-7041
Edge 5 Investors