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Ncse presention richmond_co._so_r
- 1. 2011 STATE OF THE REGION: ANNUAL ECONOMIC INDICATORS REPORT Richmond County January 11, 2012
- 2. POPULATION
- 3. EDUCATIONAL ATTAINMENT (2000 Census Data)
- 6. COST OF LIVING 2010
- 9. ANNOUNCED JOBS AND INVESTMENT
- 10. GROSS DOMESTIC PRODUCT BY METROPOLITAN STATISTICAL AREA
- 12. UNEMPLOYMENT
- 13. POVERTY RATES
- 16. DEFENSE SECTOR
- 17. INFRASTRUCTURE
- 18. PORT OF WILMINGTON GROWTH
Editor's Notes
- Region’s population grew 2.8% more than the national average.Total population of 1,102,381 / added 138,000 (12.5%)State grew 15.6%Richmond County grew 0.2% to 46,639
- 24.9% of region have at least some college4th behind Charlotte, Greensboro, and Research TriangleRichmond College Graduates =4994 (16.7%) Some College= 50161(6.8%) High School Grads= 10668 (35.7%) Less than High School=9192 (30.8%)
- Cumberland County out-flow 38% / in-flow 43%New Hanover out-flow 31% / in-flow 42%Robeson out-flow 44%
- Richmond County has approximately 59% of labor force working outside of the county
- 100 is benchmarkOthers are read as percentages so Grocery items are 105.2% of the national average etc…4.8% lower than national average and 1.3 percent lower for Wilmington for Composite Index
- Top 5Healthcare – 62,452Retail – 56,959Education – 36,728Accommodations and Food Service – 36,024Manufacturing – 35,219
- Construction down 26%Manufacturing down 15%3,705 new added jobs since 2007- 3,010 in healthcare and public admin.
- 192 announced business openings since 20054.5 billion investment and 13,267 jobs *announced*Richmond county has had $783.6 Million investment and 1,104 Jobs announced since 2005
- 56% from government in Fayetteville MSA (16.8 billion in 2009)87% private industry in Wilmington MSA (13 billion in 2009)
- Have increased 15% since 2005Region averages $654.67 per week
- Peaked in January 2010 at 11.8%As of December 2010 10.2%State was 9.7%Nation was 9.1%*Not seasonally adjusted- should be OK because of the size of the regionFrom December to DecemberRichmond dropped from 14% to 12.7% (1.3% decrease in unemployment) – November 2011 was 12.8%
- 2009 data-22.6% below $22,050 for family of fourStatewide 16.2% / nation 14.3%Reasons-“dot com” bubble9/11 recession“Great Recession”Lost entire textile industry (NAFTA, China preferred trade status)Advanced textiles coming back- we are cutting edge
- – 81% of 31,263 lost manufacturing jobs (25,271) since 1990Building products and boat building affected
- Added 700 jobs since 2006 (this is just 09-10)Region has 19% of state’s agri
- Over $2.35 billion in last decade67% of these in Cumberland County14% in Robeson1,502 contracts awarded in region in 201011.8 Million in Richmond County in past 10 years (0.5% of region total)58 contracts awarded in the county since 2000
- $1.2 billion funded for the region 2011-2020
- Trading partners top 4ChinaBrazilBelgiumSouth Korea442 ships called in 201038% of our projects need port service