ANNUAL REPORT 2015

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TABLE OF CONTENTS Mission Statements ............................ Page 4  SRD Board of Directors ........................ Page 5  Industrial Ac vity Recap ..................... Pages 6 ‐ 7  Employment Trends ............................ Pages 8 ‐ 10  Wages ................................................. Page 11  Labor Force ......................................... Page 12  Top Employers ..................................... Page 13  Popula on ........................................... Pages 14 ‐ 15  Building Permits .................................. Pages 16 ‐ 17  Retail Sales .......................................... Pages 18 ‐ 20  Other County Comparisons ................. Pages 21 ‐ 25 

116 North Center Street, Statesville, NC 28677 (704) 871-0062 phone (704) 871-0223 fax

info@StatesvilleRegion.com www.StatesvilleRegion.com

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MISSION STATEMENTS:

 

GREATER STATESVILLE DEVELOPMENT CORPORATION /  STATESVILLE REGIONAL DEVELOPMENT  

  

To s mulate and promote the industrial and commercial development of the 

City  of  Statesville  and  the  Town  of  Troutman,  North  Carolina,  and  the 

surrounding area by providing  services and assistance of a nature and  kind 

calculated  to  encourage  and  facilitate  the  loca ng,  establishing,  building, 

opera ng, maintaining  and  expanding  of  new  and  exis ng  businesses  and 

industries in the Statesville‐Troutman community and area. 

 

 

 

 

GREATER STATESVILLE AREA COMMITTEE OF 100 

 

The Commi ee of 100  is a non‐profit corpora on, made up of  individual and 

corporate ci zens who, through private dona ons, help to fund the marke ng 

efforts of  the  greater  Statesville  area.    Its purpose  is  to  raise  the necessary 

funds that will enhance the research and marke ng materials on the greater 

Statesville  area  that  are  needed  for presenta ons,  reports, prospect needs, 

videos, etc. for industrial development recruitment for the Greater Statesville 

Development Corpora on. 

116 North Center Street, Statesville, NC 28677 / (704) 871-0062 phone (704) 871-0223 fax info@StatesvilleRegion.com / www.StatesvilleRegion.com

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Greater Statesville Development Corpora on / Statesville Regional Development  2016 Board of Directors 

 At‐Large 

William Shumaker, Chairman Grant Miller, Vice Chairman Gary Thomas, Secretary Paul Cook, Treasurer David Alexander Chad French Champ Land Rhyne Sco  Bob Palmes Roy West 

  

Standing James Mallory, (Chairman‐Iredell County Board of Commissioners) Jeff Smith, (V.P. Business Development, Chamber of Commerce) Karen Adams, (Manager, Statesville NCWorks Career Center) Brady Johnson, (Superintendent, Iredell/Statesville Schools) Dr. Tim Brewer, (President, Mitchell Community College) 

John Green (Chairman, Chamber of Commerce)   Larry Pressley, (Manager, City of Statesville) Ann Bailie (Manager, Town of Troutman) Cos  Ku eh, (Mayor, City of Statesville) Ron Wya , (Mayor, Town of Troutman) Ron Smith, (Manager, Iredell County) 

  

Ex officio / non‐vo ng David Bradley, (President‐Chamber of Commerce) 

     

Greater Statesville Area Commi ee of 100 2016 Board of Directors 

   William Shumaker, Chairman Grant Miller, Vice Chairman Gary Thomas, Secretary Paul Cook, Treasurer 

Larry Pressley Ron Smith      Ann Bailie Jeff Smith  Roy West 

 

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2015 INDUSTRIAL RECAP

NEW LOCATIONS

Company Jobs Investment Square Footage

(New vs. Existing)

GMS Racing (3-2015) 40 $5,000,000 51,000 (existing)

Southern Distilling Company (9-2015) 40 $4,000,000 25,000 (existing) Brad Keselowski Racing (10-2015) 40 $3,000,000 70,000 (new & existing) Undisclosed (10-2015) 50 $3,500,000 154,422 sf (existing) Van-K Wheels (11-2015) 8 $1,000,000 15,000 sf (new)

Mitchell Gold + Bob Williams (12-2015) 25 Not disclosed 310,000 sf (existing) 243 $20,700,000

Planet Fitness (12-2015) 20 Not disclosed 18,000 sf (existing)

Lake Norman State Park (4-2015) 20 $4,200,000 11,000 sf (new)

EXPANSIONS

Company Jobs Investment Square Footage

(New vs. Existing)

Undisclosed (6-2015) 20 $2,300,000 32,000 (new) International Perforations (11-2015) TBD TBD 12,000 (existing) Crossroads Coatings (11-2015) TBD TBD 40,000 (existing)

20 $2,300,000

CLOSINGS

Company Jobs Reason

0

DOWNSIZINGS

Company Jobs Reason

0

Note: Not all business activity listed is a result of the Statesville Regional Development involvement. For tracking purposes, the State of NC asks our economic development office to report to them any guideline approved new/expanded, or closed business in the community that we are aware of.

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2015 EXISTING INDUSTRY RECAP Over the course of the year: VISITS 171 visits were made to companies in the Statesville Region, resulting in 122 cases which were handled internally or in cooperation with our partners. CASES The most common types of cases handled in 2015 were assistance with Marketing and Workforce Development issues, followed by Legal, Utility and Real Estate issues. PROJECTS, JOBS AND INVESTMENT In 2015, we identified and assisted with six new expansion projects resulting in one announcement totaling $2.3 million in new capital investment and 20 new primary jobs. WORKSHOPS Our corporate training programming continued in 2015 with a series of workshops targeting small businesses and online marketing, Creating Your own Weebly Website; Email Marketing with MailChimp and Creating Customer Surveys with SurveyMonkey. TEACHING FOR JOBS In conjunction with the Statesville Chamber, Mitchell Community College, Iredell-Statesville Schools and Centralina Workforce Development, we co-sponsored 2 Teaching For Jobs events in 2015.

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Year Avg. Annual

Unemployment Rate

Avg. Number of People

Unemployed

State Avg. Annual Unemployment

Rate

2000 3.5% 2,318 3.7%

2005 5.0% 3,685 5.3%

2010 12.7% 10,206 10.8%

2013 8.0% 6,601 8.0%

2014 6.3% 5,008 6.3%

2015 5.5% 4,486 5.7%

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2000

4000

6000

8000

10000

12000

2000 2005 2010 2013 2014 2015

Avg. No. Unemployed

Source: Division of Employment Security http://esesc23.esc.state.nc.us/d4/LausSelection.aspx

EMPL

OYM

ENT

TR

END

S

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IREDELL COUNTY

Source: NC Labor & Economic Analysis Division: Quarterly Census Employment & Wages December 2015. Centralina COG, Community & Economic Development *The QCEW program converted to the 2012 revision of NAICS in 2011

Percent of Jobs by Type 2013 & 2014

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IREDELL COUNTY

Source: NC Labor & Economic Analysis Division: Quarterly Census Employment & Wages December 2015. Centralina COG, Community & Economic Development

Percent of Jobs by Type 2004 & 2014

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Iredell County Insured Employment and Wages In 2014

for Aggregate of all types by Subsector (3 digit)

(*information taken from Sector (2 digit) report)

Industry No of Units

Annual Avg. Employed

Total Wages Paid

Avg. Weekly Wage Per Employee

*MANUFACTURING  318  10,648  $546,613,518  $987 

Food Manufacturing  22  721  $39,875,863  $1,064 

Tex le Product Mills  11  257  $7,780,169  $582 

Apparel Manufacturing  4  325  $17,928,969  $1,061 

Wood Product Manufacturing  16  154  $6,850,928  $856 

Paper Manufacturing  7  703  $42,286,473  $1,157 

Prin ng and Related Support Ac vi es  15  99  $3,175,847  $617 

Plas cs & Rubber Products Manufacturing  19  1,146  $52,466,510  $880 

Nonmetallic Mineral Product Mfg  23  669  $28,672,193  $824 

Primary Metal Manufacturing  5  349  $16,741,822  $923 

Fabricated Metal Product Manufacturing  52  977  $39,781,413  $783 

Machinery Manufacturing  35  1,438  $83,758,823  $1,120 

Computer and Electronic Product Mfg  4  180  $9,908,324  $1,059 

Transporta on Equipment Manufacturing  39  1,226  $65,167,920  $1,022 

Furniture and Related Product Mfg  13  155  $4,925,809  $611 

*WHOLESALE TRADE  453  3,176  $166,139,911  $1,006 

*RETAIL TRADE  638  8,808  $234,920,738  $513 

Source: NC Dept. of Commerce—Labor & Economic Analysis Division http://d4.nccommerce.com/QCEWSelection.aspx

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TOP 20 MAJOR EMPLOYERS - Statesville Region

RANK INDUSTRY & ADDRESS PRODUCT EMPLOYEES

1 Iredell/Statesville Schools Education 2,600

2 Iredell Memorial Hospital County Hospital 1,550

3 Iredell County Government Government Agency 1,326

4 Lowe's Regional Distribution Center Hardware/Home Improvements 823

5 Piedmont HealthCare Healthcare Provider 815

6 J.C. P. Logistics (Distribution) Apparel Goods 620

7 ASMO of NC, Inc. Electric Motors 510

8 Davis Regional Medical Center Medical Center 505

9 Doosan Infracore-Portable Power Air Compressors, 500

10 Engineered Sintered Components Industrial & Home Appliances 475

11 Kewaunee Scientific Laboratory Furniture 475

12 City of Statesville Government Agency 396

13 Walmart Department Store 375

14 Manheim Statesville Auto Auction 360

15 Pratt Industries Corrugated Boxes 234

16 Elmer’s Products Paper Products & Distributor 220

17 Thor-Lo, Inc. Function Specific Athletic Sock 168

18 Mack Molding Custom Injection Molding 152

19 Goodyear Tire & Rubber Tire Mold Plant 150

20 Homestar North America Ready to assemble furniture 140

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Population Growth Iredell County /

Statesville Regional Area

April 2000 April 2010 July 2014 Percent Change

2010-2014

Iredell County 122,664 159,440 167,157 4.8%

Statesville* 23,320 24,532 25,096 2.3% Troutman 1,592 2,383 2,548 6.92% Harmony 526 531 540 1.69% Love Valley 30 113 119 5.31%

Source: NC State Data Center http://www.demog.state.nc.us

*Statesville ranks as the state's 38th most populated city.

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Population: Age Breakdowns for Iredell County

Source: NC Data Center, Projected County Totals-Standard Age Groups Prepared by Centralina COG, Community & Economic Development, December 2015

Age 2015 Census 2020 Census 2025 Census 2030 Census 2035 Census

0-2 5,405 5,910 6,435 6,878 6,992

3-4 3,562 3,829 4,129 4,473 4,657

5 1,880 1,901 2,033 2,205 2,334

6-9 8,407 7,478 8,100 8,726 9,410

10-13 9,550 8,690 8,163 8,854 9,634

14 2,600 2,498 2,142 2,250 2,441

15 2,615 2,474 2,231 2,267 2.451

16-17 5,081 5,094 4,688 4,422 4,898

18-19 4,609 5,009 4,746 4,156 4,540

20-24 10,242 11,200 11,493 10,602 9,887

25-34 19,673 21,926 24,791 26,085 25,943

35-44 21,851 21,747 23,406 25,795 29,360

45-54 26,630 26,243 24,760 24,924 27,462

55-59 12,002 13,641 13,578 13,394 12,590

60-64 9,869 11,887 13,478 13,464 13,537

65-74 15,202 17,744 20,346 23,609 25,318

75-84 7,335 8,957 11,347 13,102 15,183

85 + 2,492 2,848 3,279 3,964 5,075

Total 169,005 179,076 189,145 199,216 211,712 Median Age 40.50 41.18 41.75 42.15 42.68

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TOP 20 RETAIL SALES FY 2008-2009

¹  Es mated popula on as of July 1, 2006 prepared by the U.S. Department of Congress, Bureau of the Census.  *  Gross collec ons reported during the period July 1 through June 30  including collec ons of penal es,  interest, 

and sales and use tax.  **  Amounts  shown  are  total  taxable  sales  reported on  sales  and use  tax  returns filed during  the period  July  1 

through June 30.  The returns reflect sales for the period June 1 through May 31.    NOTE:  Detail may not add to totals due to rounding   

PLEASE NOTE EFFECTIVE 2010 SALES & USE TAXES FOR CITIES ARE NO LONGER REPORTED by CITIES  

Source:  NC Dept of Revenue  h p://www.dor.state.nc.us/publica ons/fiscalyearsales.html 

(By Cities with Populations In Excess Of 5,000)¹

Ranking City Gross Collections* Taxable Sales** 1 Charlo e $438,389,807 $9,943,308,205 2 Raleigh 268,045,349 6,060,697,191 3 Greensboro 178,407,971 4,038,269,902 4 Durham 145,168,159 3,283,971,908 5 Winston‐Salem 130,465,735 2,973,199,813 6 Faye eville 103,580,043 2,348,317,596 7 Asheville 101,442,884 2,294,237,001 8 Wilmington 94,405,614 2,138,026,865 9 Cary 59,919,663 1,354,632,738 10 Concord 57,260,016 1,297,564,552 11 Hickory 52,414,145 1,187,023,518 12 Greenville 47,795,321 1,080,645,460 13 Burlington 44,570,075 1,007,888,362 14 Jacksonville 42,879,796 969,154,376 15 Gastonia 40,720,220 920,543,435 16 High Point 40,035,999 903,182,641 17 Goldsboro 33,878,016 771,172,178 18 Mooresville 31,394,448 711,221,230 19 Rocky Mount 28,019,774 634,917,474 20 Monroe 27,212,332 616,463,469 21 Chapel Hill 26,666,931 602,357,468

22 Statesville $26,592,776 $601,377,293

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Sales & Use Tax Gross Collection

Source: North Carolina Department of Revenue, State Sales and Use Tax Reports by Fiscal Year Prepared by Centralina COG, Community & Economic Development, December 2014.

FY 2006-07 Through

FY 2014-15

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Iredell County Retail Sales Use Tax ($Millions)

   2005‐06  2010‐11  2013‐14 

*3% and 4.75% tax  73.5 **  5.8 **  *7.4 

Apparel  39.6  47.9  52.2 

Automo ve  97.0  113.4  122.9 

Food  323.5  287.7  337.3 

Furniture  51.2  53.0  57.4 

General merchandise  450.2  463.2  507.1 

Lumber & Building materials  331.4  187.1  231.1 

Unclassified Group  243.3  383.3  469.5 

TOTALS  1,609.7  1,541  1,785 

 *3% and 4.75% tax group:   Manufactured homes; airplanes, boats; modular homes **1%, 2%, 2.5%, and 3% tax group:   Manufactured homes; airplanes, boats; modular homes; farm, mill, laundry machinery; fuel to farmers, manufacturers, laundries; other 1% 

 

2014‐15 

*8.5 

54.8 

139.5 

363.7 

61.5 

543.2 

254.0 

557.7 

 

Source: http://www.dor.state.nc.us/publications/fiscalyearsales.html

Top 12 N.C. Counties in Retail Sales (2014-15)

Ranking  County  Taxable Sales� 

1  Mecklenburg  18,298,730,968 

2  Wake  13,296,228,987 

3  Guilford  6,449,699,410  

4  Durham  6,097,770,417 

5  Forsyth  4,550,173,369 

6  Buncombe  4,305,329,303 

7  New Hanover  3,757,376,202 

8  Cumberland  3,693,046,187 

9  Cabarrus  2,844,707,240 

10  Pi   2,021,702,242 

11  Alamance  1,999,751,134 

12  Iredell  $1,983,235,210 

�Amounts shown are total taxable sales reported on sales and use tax returns filed during the period July 1 through June 30.  The returns reflect sales for the period June 1 through May 31.   

 NOTE:  Detail may not add to totals due to rounding 

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REGIONAL COUNTY

COMPARISONS

Cabarrus

Catawba

Gaston

Lincoln

Mecklenburg

Rowan

Union

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Percent Change in Estimated Average Annual Wage 2004—2014

Source: Quarterly Census Employment and Wages, December 2015 Prepared by Centralina COG, Community & Economic Development

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Population Growth Estimates

2010—2014

Source: NC Data Center, 2010-2014 Smoothed Estimates-Population/Growth– Certified 2014 Prepared by Centralina COG, Community & Economic Development December 2015

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Population Growth Estimates

2010-2020

Source: NC Data Center, 2010-2020 County Population Growth Prepared by Centralina COG, Community & Economic Development December 2015

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Regional Population Distribution

Source: 2010-2014 American Community Survey 5-year Estimates -Total Population Prepared by Centralina COG, Community & Economic Development December 2015