GCHAR Member Meeting Focus on Chatham County

8:30-10:00 a.m., Monday, June 8

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Welcome!

Randy CoxGreater Chapel Hill Association of REALTORS Board

President#GCHARmtg

Thank you Sponsors!

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Thank you Sponsors!

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Ethics Case Study

Pat Serkedakis Coldwell Banker HPW

Michael Landes, NC Association of REALTORS

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Dianne Reid

#GCHARmtg

Happening NowCHRIS EHRENFELD, CHAIR

DIANNE REID, PRESIDENT

6/8/2015

Agenda

•Chatham County and the need for economic development

• Education

•About Chatham EDC

• Three major proposed developments

County Profile

• Square Miles: 709◦ (#20 largest of 100)

• Population: 66,817◦ (July 2013 estimate)

• Workforce: 32,331◦ (Apr 2015)

• Jobs: 14,566◦ (Q4 2014)

• Unemployment: 4.1%◦ (Apr 2015)

• Average Weekly Wage: $698◦ (State average $890, Q4

2014)

The Need for Economic Development

Bedroom Community Impact• 55% of resident labor

force commutes out of the county an average of 26 minutes

• $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 TaxesOtherIntergovernmental TransfersSales Tax

Chatham County Tax Base

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-useCommercial Industry

91%

9%

Cost of Community Services

Residential Commercial Farmland$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20 $1.14 

$0.33 

$0.58 

Services Cost per $1 in Tax Revenue

Education in Chatham County

Chatham County Schools• 17 public schools employing 1,200+ people• 3 high schools (1 alternative HS), 3 middle schools, 5

K-8 schools, 5 elementary schools

• Average CCS teacher salary is $49,005• 86.7% teacher retention rate • Higher than Chapel Hill, Durham & Orange

• 8,300 students – diverse student body

Graduation Rate

2006 2007 2008 2009 2010 2011 2012 201365

70

75

80

85

67.1

75

79.978.9

74.2 74.3

81.4

85.3

Graduation Rate % by Year

Chatham County Schools• All 17 schools met or exceeded growth on

federally required Annual Measureable Objectives• Only 14 school districts in state accomplished this• CCS was the largest district in the state to do this

• School Accolades• Top ranked (#6, #15) high schools in NC• 3 charter schools also well ranked

Central Carolina Community College• Public, non-profit 2-year college

• Campuses in three counties (Chatham, Lee & Harnett)

Central Carolina Works• Collaborative, tri-county

dual enrollment project

• Earn college credit while still in high school

• Tuition-free

• Texas model: Students twice as likely to enroll in and complete post-secondary education

Enabling Greater Economic Development

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

Three Proposed Major DevelopmentsMONCURE INDUSTRIAL SITE – 2,700+ ACRES

CHATHAM-SILER CITY ADVANCED MANUFACTURING SITE – 1,818 ACRES

CHATHAM PARK – 7,100 ACRES

MoncureIndustrial SiteMAJOR PROPOSED DEVELOPMENT

Duke Energy Site Readiness Program

Potential Target Industries•Automotive•Aviation•Plastics

Chatham-Siler City Advanced Manufacturing SiteMAJOR PROPOSED DEVELOPMENT

CAM Site

First and only megasite with state certification

Chatham ParkMAJOR PROPOSED DEVELOPMENT

Planning Framework• Locate

commercial near Pittsboro and highways• Link new

neighborhoods to the Haw River

LIVE

WORK

PLAY

Groundbreaking December 2, 2014

Get Involved

www.chathamedc.org

Sign up for our newsletter and stay in

touch with social media

Dianne Reid

President, Chatham EDCdreid@chathamedc.org

919-542-8275

Announcements…

Member Family Picnic

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Friday, June 19

BUZZ at City Kitchen

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Wednesday, August 12

sponsored by

Taco Tuesday | Sept. 22

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Next Member Meeting

Wednesday, Sept. 9

Thank you,GCHAR members!

Foundation Sponsor

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Roof Sponsor

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Wall Sponsors

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Windows and Doors Sponsors

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