Post on 22-Jan-2018
Economic Development UpdateCHRIS EHRENFELD
CHAIR, CHATHAM ECONOMIC DEVELOPMENT CORPORATION
• Chatham County Profile
• About Chatham EDC
• Major developments
• New growth
Chatham County Profile
43.5%
28.7%
19.8%
13.2%
Wake Chatham Durham Orange
Population Growth
Population Density
Workforce
= 1,000 people in labor force
Jobs
= 1,000 jobs
= $100
Chatham County
North Carolina
Average Weekly Wage
= 1,000 people unemployed
Unemployment
$0.63 of every
consumer dollar is
spent outside
Chatham County
Estimated loss in
Chatham County sales
tax revenue = $9M
40%
27%
18%
15%
County Revenue Sources
Property Taxes
Other
Intergovernmental Transfers
Sales Tax
Bedroom Community Impact
Residential $6.5 Billion 77.13%
Present-Use $1.2 Billion 13.92%
Commercial $0.6 Billion 7.49%
Industry $0.1 Billion 1.46%
Other $0.0 Billion 0.00%
Total $8.4 Billion 100.00%
Residential Present-use
Commercial Industry
91%
9%
Chatham County Tax Base
$1.14
$0.33
$0.58
Residential Commercial Farmland
Cost of Community Services
Siler City
Moncure
Goldston
Pittsboro
Briar Chapel
Fearrington
Village
Governors
Club
Carolina
Meadows
Chatham Economic Development Corporation
About
The Chatham Economic Development
Corporation is a private, non-profit organization
working to make Chatham County the preferred
location for emerging growth companies.
By attracting new companies, helping existing
businesses and assisting new ventures, the
Chatham EDC encourages new job creation
and private investment in property and
equipment.
Objectives
Attraction
Target established businesses located outside the county and encourage them to move into Chatham
Retention and Expansion
Support established businesses within Chatham County, to
maintain existing jobs and help firms grow
Entrepreneurship
Help small businesses locate resources and support, including
technical and marketing assistance and financing sources
Prime Sites
Merry Oaks-MoncureIndustrial SiteMONCURE, NORTH CAROLINA
Chatham-Siler City Advanced Manufacturing SiteSILER CITY, NORTH CAROLINA
Central Carolina Business CampusSILER CITY, NORTH CAROLINA
Chatham ParkPITTSBORO, NORTH CAROLINA
Buildings & Sites Database
New Growth
Pittsboro Pet Supply
Walker Napa Auto
Bellemont Station
Bellemont Station
Photo: Town of Pittsboro
ExtraSpace Storage
North Chatham Village
Polk Village
Briar Chapel
Get Involved
www.chathamedc.org
Sign up for our
newsletter and stay in
touch with social media
Dianne Reid
President, Chatham EDC
dreid@chathamedc.org
919-542-8275