2012 spring meeting

GREATER STATESVILLE COMMITTEE OF 100

SPRING 2012

1Q – Strong Client Activity

• Good Project Activity; Numbers Down, Quality Up

• Site Selection Magazine No. 1 Micropolitan Ranking

• Special Announcement• Business Development Missions• New Office Ribbon-Cutting

Project Activity

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Project Activity

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No. 1 Micropolitan

• Site Selection Magazine

• “Consistent Performer”– 2012 #1 Micropolitan

– 2011 #2 Micropolitan

– 2010 #1 Micropolitan

– 2009 #1 Micropolitan

– 2008 #2 Micropolitan

– 2007 #1 Micropolitan

2006 #1 Micropolitan2005 #1 Micropolitan2004 #8 Small Town2003 #2 Small Town2002 #2 Small Town 2001 #1 Small Town2000 #1 Small Town1999 #2 Small Town

No. 1 Micropolitan

• Site Selection Magazine

• “Consistent Performer”– 2012 #1 Micropolitan

– 2011 #2 Micropolitan

– 2010 #1 Micropolitan

– 2009 #1 Micropolitan

– 2008 #2 Micropolitan

– 2007 #1 Micropolitan

2006 #1 Micropolitan2005 #1 Micropolitan2004 #8 Small Town2003 #2 Small Town2002 #2 Small Town 2001 #1 Small Town2000 #1 Small Town1999 #2 Small Town

No. 1 Micropolita

nSix of the Last Eight

Years

No. 1 Micropolitan PresentationMike Smith, Ron Starner and Dr. Steven Binder

Top Groups PresentationMike Smith and Mark Arend

Top Groups PresentationMike Smith and Mark Arend

116 North Center Ribbon CuttingMike Smith, Costi Kutteh and Steve Johnson

Business Development

IAMC

FONC

CRPFONC

NCEDA

Business Development

• IAMC Professional Forum• Theme: Growing Manufacturing in

America• J. Michael Mullis• Factors Driving the Renaissance of

Manufacturing in U.S.

Business Development

•Key Factors That Initially Drove U.S. Industry Overseas– Cheap Labor– Cheap Fuel– Strong U.S. Dollar

•Then Came The Global Financial Crisis Starting 2007– Curtailed expenditures – Debt reduction– Employment rightsizing – Human capital talent improvements

Business Development

• Re-Analysis Of Doing Business Abroad – Fact of mismanaged supply chain decisions that

created many new projects overseas – “Labor savings only” justified the moves

– “Price Variance” factor measurement – cheapest way to manufacture without any consideration for numerous ancillary costs

– Realization that the total cost of doing business overseas has been significantly under-estimated (Supply Chain Management Organization

•

Business Development

• Key Assumptions For Manufacturing Return To The U.S. – Raw materials same cost– Cost to buy automation is the same– Cost to finance capital is the same – Logistics cost favor the U.S. – Labor cost differential is less, but the

range is lessening

1Q - Announcements

• Mikan Printing– New Company Opened Sales & Marketing

Office

• Origin Foods– New Manufacturing Facility

• Pratt Industries– Relocated Logistics Operation from Salisbury

• ThorLo, Inc.– Added New Equipment

1Q Announcements

• Summary - Good Start!

– Four Major Announcements– $8.25 Million in New Capital Investment– 65 New Primary Jobs Created– 180,000 Square Feet of New or Reused

Space

1Q - BR|E Highlights

• 51 Visits to Existing Industry • Expansion Activity is Unprecedented• 22 Cases Referred to Local, County

and State Partners• Iredell Manufacturers Council

Existing Industry Visits

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Existing Industry Cases

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Cases by Type

UTILITIES

LEGAL

TRAINING

MARKETING

OTHER

1Q – Unprecedented Activity

• Currently Working Three Major Expansion Projects

• Project Real, Project BAR123 and Project Gavroche

• Have Gone or Will Go to City Council and County Commission on these projects within next 30 days

• $100 Million+ New Capital Investment Over 5 Years

• 75% Chance All Three Projects Will Happen and Will Announce by End of July

Iredell Manufacturers Council

• Joint Venture with Mooresville-South Iredell EDC and Mitchell Community College

• Met February 27th at Kyle Busch Racing

• Best attended meeting since inaugural, 40+

Marketing Highlights

• Print Advertising• On-line Advertising• Media Relations

Site Selection Ad

Joint ad with Mooresville-South Iredell EDC and Charlotte Regional PartnershipHalf-page/Color

2012 Annual Report

“Industrial” Theme

Online PromotionPrint Ads Also Have Online ComponentWebsite/Social Media

StatesvilleRegion.com

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Media Relations

• Continue to maintain an excellent relationship with local radio, television and print media

• Mike Smith discussed economic development on WSIC

• Feature story in R&L about John Marek• Coverage of our new office, No. 1

Micropolitan award and new and expanding industry announcements

THANK YOUFor Your Continued Support

Today’s Guest SpeakerNorth Carolina State Senator

Chris Carney