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Ted Abernathy ted@econleadership.com

Is North Carolina Competitive?. Ted Abernathy ted@econleadership.com. Everybody farmed and all 4 worked in textile mills of NC (First generation workers) Everybody lived in towns of less than 3,000 (sort of) The highest grade of school was 6 th

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Ted Abernathy ted@econleadership.com

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  1. Is North Carolina Competitive? Ted Abernathy ted@econleadership.com
  2. Everybody farmed and all 4 worked in textile mills of NC (First generation workers) Everybody lived in towns of less than 3,000 (sort of) The highest grade of school was 6th No body ever had a passport, airplane ticket, mobile phone, computer or a foreign car Wade Roy Genora Margaret
  3. How Is The Economy?
  4. So What Are Some Economic Facts?
  5. Global Unemployment Rates Source: The Economist May 3, 2014
  6. Global Unemployment Rates- 3 Years Source: The Economist May 3, 2014
  7. Projected GDP 2013 & 2014 Source: The Economist April 19, 2014
  8. Projected GDP 2014 Source: The Economist may 3, 2014
  9. Global Fertility Rates Source: Wikipedia, May 2014
  10. Annual U.S. Employment Change Source: BLS March 2014
  11. Labor Market Has the Most Jobs in 6 years
  12. Source: Brookings Metro Monitor, March 2014
  13. Annual U.S. Employment Change By SectorMarch 2013 to March 2014 Source: BLS April 2014
  14. Southern States 1-Year Employment Changes March 2013 to March 2014 Source: U.S. BLS, Measured April Data 2013- Feb 2014
  15. Southern States 1-Year Manufacturing Employment Changes March 2013 to March 2014 Source: U.S. BLS, Measured April Data 2013- Feb 2014
  16. Southern MetroManufacturing Jobs- Last 12 months Source: Metro Monitor April 2014
  17. Southern States 1-Year Government Employment Changes March 2013 to March 2014 Source: U.S. BLS, Measured April 2013- Feb 2014
  18. Southern States 1-Year Leisure & Hospitality Employment Changes Feb 2013 to Feb 2014 Source: U.S. BLS, Dec, Measured Feb 2013- Feb 2014
  19. Southern States 1-Year Professional & Business Services Employment Changes Feb 2013 to Feb 2014 Source: U.S. BLS, Dec, Measured Feb 2013- Feb 2014
  20. NC Metro Employment Change Feb 2013- Feb 2014 Source: BLS.gov April, 2014
  21. North Carolina Payroll Employment March 2013-March 2014 Source: Federal Reserve of Richmond May, 2014
  22. NC Per Capita Income Compared to U.S. 1990-2012 Source: bber, University of New Mexico
  23. Real Personal Income Source: Federal Reserve of Richmond May, 2014
  24. GDP/Capita Changes in the NC 1997-2011 Source: BEA, Oct 2012
  25. Total Private Building Permits Source: Federal Reserve of Richmond May, 2014
  26. NC Metro Housing price Index Feb 2013 to Feb 2014 Source: Federal Reserve of Richmond May, 2014
  27. Is North Carolina Competitive?
  28. Deloitte- Global Manufacturing Index China Germany USA India South Korea Taiwan Canada Brazil Singapore Japan Talent-driven innovation Economic, trade, financial, and tax system Cost & availability of labor and materials Supplier networks Legal & regulatory system Physical infrastructure Energy cost & policies Local markets Healthcare system Government investments in manufacturing & innovation Source: 2013 Global Manufacturing Competitiveness Index
  29. Source: 2013 World Economic Forum |
  30. Most Competitive Manufacturing Countries 2014 China United States South Korea United Kingdom Japan Netherlands Germany Italy Belgium France Source: Boston Consulting Group, April 25, 2014
  31. Corporate Site Selection Survey Top Rated Factors Availability of skilled labor Highway accessibility Labor costs Occupancy or construction costs Availability of advanced ICT services Availability of buildings Corporate tax rate State & Local Incentives Low union profile Energy availability and costs Source: Area Development 2013 results
  32. Forbes- Best States for Business 2013 Virginia North Dakota Utah North Carolina Colorado Nebraska Texas Minnesota Washington Georgia Source: Forbes 2013
  33. Site Selection Best States For Business 2013 Georgia North Carolina Texas Ohio Tennessee Louisiana South Carolina Virginia Kentucky Indiana
  34. CNBC Top States for Business 2013 South Dakota Texas North Dakota Nebraska Utah Virginia Colorado Georgia Wyoming Idaho Iowa North Carolina
  35. Area Development Top States for Doing Business 2013 Texas Georgia South Carolina Alabama North Carolina Louisiana Tennessee Florida Mississippi California
  36. Chief Executive Best States for Business 2013 Texas Florida North Carolina Tennessee Indiana Arizona Virginia South Carolina Nevada Georgia
  37. Summary of the 5 Rankings Forbes Site CNBC Area Chief North Carolina 4 2 12 5 3 Texas 7 3 2 1 1 Georgia 10 1 8 2 10 Virginia 1 8 6 - 7 South Carolina - 7 - 3 8 Tennessee - 5 - 7 4 North Dakota 2 - 3 - - Utah 3 - 5 - -
  38. Source: American Legislative Exchange Council, 2014
  39. State Goods % Exports Growth 2010-2013 Source:2010-2013 data from U.S. Census and Foreign Trade
  40. State Goods Exports Per Capita 2013 Source:2010-2013 data from U.S. Census and Foreign Trade
  41. Top 10 Manufacturing Deals of February 2014 Nissan Murfreesboro TN 1,360 General Motors Spring Hill TN 1,000 Weather Shield Medford WI 1,000 Seneca Foods Janesville WI 497 King’s Hawaiian Oakwood GA 400 Honeywell Int. Baton Rouge LA 353 Ford Motor Co. Hamburg NY 350 KiOR Natchez LA 300 Kumho Tire Macon GA 300 Whirlpool Corp Clyde OH 300 Source: Conway Data April 2014
  42. conundrums Complex or perplexing problems that generally have no clear solution.

  43. Urbanization- The Spatial Conundrum

  44. Source: Atlantic Cities, March 28, 2014
  45. Source: Business Journals, April, 2014
  46. Source: Atlantic Cities, March, 2014
  47. The Talent Bar Conundrum
  48. US Adults Years School Completed In 1980, 32% had some college & 17% BA In 2010, 56% some college & 30% BA Source: U.S. Census
  49. . Data Source: Federal Reserve Bank of Kansas City
  50. Source: The Motley Fool, Morgan House, March 2014
  51. Can the Skills of the Talent Pool Keep Up With the Demand for Skills? Are the demands of businesses rising faster than the abilities of the average worker with average intelligence, average skills and average motivation? Source: No source, I made this up
  52. Inflation adjusted wages for high school grads are 11% lower today than in 2000 Wage stagnation for lower skills and fast growth at the higher skills Labor market polarization (David Autor- MIT)

  53. The Technology Conundrum

  54. Source: Pew Research Center, 2014
  55. Source: Business Insider
  56. McKinsey & CompanyDisruptive Technologies: May 2013 Energy Mobile Internet Advanced Materials Next Generation Genomics Robotics, Cloud, Digital-intel, 3D Printing
  57. Source: Business Insider, The Economist, 2014
  58. Manufacturing Trend- “Spotting” More automation Less, more highly skilled, and more productive labor Focus on core functions Global markets and manufacturing Alliances Wholesale consolidations (companies and spaces)
  59. Continued Economic Transformation Mass Production- to Mass Customization Large Corporate economies of scale -to small entrepreneurs, free agents, and networks Low cost, stability and control- to speed, flexibility and customization Full-time permanent hires- to just in time temporary talent
  60. Business Wish List for Site Selectors
  61. Economic Leadership’s “Place-Based” Strategy Choices of Intentional Actions To Move From Here To There Where You Are, Your Current Reality Where You Desire To Be Leadership Action Plan What actions will we undertake? Who will be responsible for those actions? What resources do we need to be successful? Where will those resources come from? When will each action start and be completed? What results do we expect? How will those results be evaluated, and; How will we monitor the plan and continuously update it? Direction, or Compass is driven by the Vision, Mission and Core Values of the organization or place Context is determined by the conversion of comparative and longitudinal data into information that can be used as knowledge Change is the group of factors, outside your control, that influences your future, global trends, demographic shifts, changing technology
  62. “Do what you can, with what you have, where you are.”
  63. Follow on twitter @tedabernathy or LinkedIn Ted Abernathy “ Leadership and learning are indispensable to each other.” John F. Kennedy ted@econleadership.com
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