Date post: | 12-Apr-2017 |
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Economy & Finance |
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Economic DevelopmentToday’s Competitive Market
11/5/2015
THANK YOU!
Competitive ED Landscape
• Approximately 2,000 Economic Development Agencies in the US
• Timelines for business location decisions continue to shorten
• Companies have cash and are making investments
• Perceptions are real, information is power, relationships drive opportunity, and action produces results
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 -
2,000
4,000
6,000
8,000
10,000
12,000
14,000
12,599
10,808
7,600
5,793
6,905 6,482
4,906 4,888 4,425 4,345 4,623
4,978 5,580 5,789
Total US
North Carolina
South Carolina
New Facilities and Expansions, by year
Increasingly Competitive Landscape
Source: Conway Data, New Plant Database, 2000-2013
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 -
2,000
4,000
6,000
8,000
10,000
12,000
1,827 1,845 1,284 1,061 1,238 1,144 1,320 1,321 1,129 947 1,050 1,124 1,185 1,203
3,577 2,863
1,891 1,765
2,131 2,044 1,756 1,869 1,348 1,470 1,632 1,617 1,848 1,947
6,525
6,100
4,425
2,967
3,536 3,294
1,830 1,698
1,948 1,928 1,941 2,237
2,547 2,639
Other Facilities
Manufacturing, Expansion
Manufacturing, New
New Facilities and Expansions, by year
Increasingly Competitive Landscape
Source: Conway Data, New Plant Database, 2000-2013; other facilities includes office, headquarters, distribution centers, research and development facilities and mixed-use facilities.
Top Drivers of Company Relocation Today
Top Location Factors of Company Relocation Today
Competition for AttentionHow Site Selectors Gather Information?
Which Southeast Locations Compete
Locations that Are Top of Mind for?High-Quality Manufacturing Workforce
Locations that Are Top of Mind for?Top Overall Manufacturing Location
Locations that Are Top of Mind for?Top Logistics Location
Locations that Are Top of Mind for?Strong Incentives for Business
Locations that Are Top of Mind for?Pro-Business Tax/Regulatory Climate
Locations that Are Top of Mind for?Beautiful Downtown
Locations that Are Top of Mind for?Great Outdoor Recreation
Locations that Are Top of Mind for?Proximity to World-Class Colleges & Universities
Perceptions: What Words Describe?Charlotte, NC
Perceptions: What Words Describe?Columbia, SC
Perceptions: What Words Describe?Greenville, SC
Characteristics of Successful ED
• Vision – Shared, Tested, Impactful• Focus on Key Factors that Differentiate Market– Workforce, Product, Costs, Infrastructure, Quality of
Life• Cultivate Relationships & Collaborative
Partnerships• Engage Participants at All Levels• Invest Long-Term, Measure and Remain Flexible
Questions?