winston-salem business inc. executive summary

8/14/2019 Winston-Salem Business Inc. Executive Summary

1/20

W-SWINSTON-SALEM

FORSYTH COUNTY

NORTH CAROLINA


2/20

Where youll find a vibrant city well connected with the world

and its markets Where half of the U.S. population resides

within a two-hour plane ride Where major corporations have

come to expand into new markets and better serve existing

ones Where breaking new ground applies to facility

construction as well as technology innovation


3/20

WINSTON-SALEMFORSYTH COUNTY NORTH CAROLINA

As the birthplace of major corporationssuch as Reynolds American, Krispy Kreme, Sara Lee Branded Apparel (nowHanesbrands) and Wachovia, Winston-Salem has a tradition of providing theright environment to help businesses grow. We have built on th is heritage ofcollaboration and evolved into a spirited community with a diverseeconomic base in financial services, logistics, manufacturing, medical careand research.

However, this brochure can only provide you with a brief glimpse ofwhat Winston-Salem has to oer. You are invited to come and take a fulltour. Walk along Fourth Street. Tour a galler y on Trade Street. Enjoy ourexcellent quality of life. Visit some of our available sites and facilities.Make yourself at home. We are confident that you wil l discover thatWinston-Salem is where business comes to l ife.

In the meantime, feel free to contact me if you have anyquestions about the information in this brochure, or if you wantthe latest information on available sites and facilities.

Thank you for your interest. I look forward to your visit.

Robert E. Leak, Jr.PresidentWinston-Salem Business Inc.1080 West Fourth StreetWinston-Salem, NC 27101

Tel 336.723.8955 800.220.WSBI (9724)Fax 336.761.1069

Email [email protected] www.wsbi.net

Where businesscomes to lie


4/20

A guided

tour 4 Where the world is within reach LOCATION & TRANSPORTATION 8 Where youll fnd yoursel in good company BUSINESS COMMUNITY & ECONOMIC LANDSCAPE 10 Where greater capacity means greater productivity TECHNOLOGY & UTILITIES 12 Where skill and intelligence are amplifed LABOR AVAILABILITY & ACADEMICS

14 Where business can aord to grow TAXES & QUALITY OF LIFE

2 WINSTON-SALEM BUSINESS INC.


5/20

WINSTON-SALEM, NC

www.wsbi.net 3


6/20


LOCATION

Where the world

is within reachWinston-Salems geographic location is a valuable assetfor businesses in the area, allowing them to easily reach most industrial and consumer

markets. Located within 600 miles of more than half of the U.S. population, Winston-Salemoers convenient access to the entire Eastern Seaboard, urban centers in the Midwest andSouthwest, as well as international locations.

The South Atlantic Region

Winston-Salem rests in the heart of the SouthAtlantic region of the United States. Thisregion continues to grow and prosper as itseconomic base diversifies and expands.

The State

North Carolina stands out as a vibrant,highly productive state, oering botha favorable business climate and

exceptional quality of life.


7/20

THE PIEDMONT TRIAD

With a population of more than 1.5 million,the 12-county area known as the PiedmontTriad represents a significant market andlabor resource. These resources have alreadyattracted many major industries providinga diversified economy with a strong

manufacturing base.

NEW YORK 569 MILES9 HOURS BY TRUCK

CHICAGO 718 MILES12.5 HOURS BY TRUCK

ATLANTA 342 MILES5 HOURS BY TRUCK


8/20

MAJOR INDUSTRIAL SITES AND PARKS

A Big Oak Industrial Park B Northridge Business Park C Forum 52 D Airport Business Park

E Winston-Salem Business Park F North Park Business Center G South Park Business Center H Union Cross Business Park I Ridgewood Business Park J Centre 311 K Piedmont Triad Industrial Center L West Point/Stratford Industrial Park M Idols Road Site

MAJOR OFFICE AREAS

1. Downtown Winston-Salem 2. Knollwood/Stratford 3. Stratford Executive Park 4. Plaza West/Healy Drive

5. Forsyth Corporate Center 6. Sunnynoll 7. North Point 8. Madison Park 9. Oak Summit

MAJOR RESEARCH PARKS

1. Piedmont Triad Research Park


9/20

www.wsbi.net 7

TRANSPORTATION

The area has the transportation infrastructure with thecapacity for reaching these markets and beyonda featurethat led FedEx to establish its new Mid-Atlantic hub here.

Interstates & HighwaysNorth Carolina has the largest state-maintained highwaysystem in the country, giving Forsyth County excellentaccess to Interstates 40, 85, 81, 95, 77 and future I-73/74, aswell as several major U.S. highways. This infrastructure,combined with more than 100 motor carriers operating 60local terminals in the Triad, ensures excellent service forboth statewide and cross-country shipments.

Rail Service Norfolk Southern Yadkin Valley Winston-Salem Southbound

Piedmont Triad International Airport (PTIA) Just a 25-minute drive from downtown Winston-Salem Approximately 80 flights per day Daily non-stop flights to over 16 U.S. cities Excellent connections for international flights U.S. Postal Service Bulk Mail Center

UPS Distribution Center Home of FedEx new Mid-Atlantic Hub

Smith Reynolds Airport Less than five minutes from downtown Winston-Salem Handles aircraft as large as a 727-200

(6,654-foot r unway) One of the finest general aviation facilities in the

Southeast for corporate aircraft and maintenance

An intermodal port facility, adjacent to PTIA, allowscompanies to clear customs in the Triad area for inboundand outbound shipments moving through Wilmington andMorehead City ports.

Approximately 60% ofthe nations industrialand consumer base iswithin a two-day drive,or a two-hour flight, ofWinston-Salem.


10/20


BUSINESS COMMUNITY

Where youll fnd yoursel in

good companyWith a strong presence in health care, financial

services and advanced manufacturing, Winston-Salemboasts corporate or regional headquarters for several majorcompanies. Plus, the area is home to the largest savings

& loan and two of the largest credit unions in this state.

Small companies and entrepreneurial start-ups areexperiencing success here as well. Within the past fewyears, more than 500 businesses have hit the groundrunning in Winston-Salem, including: Targacept Tengion Bald Eagle Technologies Primo Water

In addition, many organizations exist within thebusiness community to nurture and encourage businesssuccess and economic growth. Piedmont Triad Research Park

www.ideallianceinc.org Downtown Winston-Salem Partnership

www.dwsp.org Piedmont Triad Entrepreneurial Network

www.pten.org Greater Winston-Salem Chamber of Commerce

www.winstonsalem.com Piedmont Triad Partnership

www.piedmonttriadnc.com

Winston-Salem has alwaysbeen a community that

attracts great companies.This positive momentum continues today as the area

has transformed from an economy once dominated bymanufacturing into a diversified center of trade.

Take a look around Winston-Salem and you will seea wide variety of leading companies that have relocated orexpanded to the area. Companies such as: BB&T, PepsiBottling Ventures, Hanesbrands, Deere Hitachi,Reynolds American, FedEx Ground, LibertyHardware, Dell.

BB&T PEPSI COLA BOTTLING


11/20

www.wsbi.net 13

ECONOMIC LANDSCAPE

Major Employers

Major public/private employers in Forsyth County include(in alphabetical order):

AonBB&TCity/County GovernmentDeere HitachiDellForsyth Technical Community CollegeGMACHanesbrands Inc.Hayward IndustriesLowes FoodsNovant HealthPepsi Bottling VenturesReynolds AmericanRoadway ExpressUSAirwaysWachoviaWake Forest UniversityWake Forest University Baptist Medical CenterWinston-Salem/Forsyth County SchoolsYMCA of Northwest NC

The Piedmont Triad has grown into oneof the most dynamic markets in the U.S.The economic base of Winston-Salem, Forsyth Countyhas broadened significantly from manufacturing to more

service-oriented industries. In fact, the service sector hassurpassed manufacturing, accounting for 35% of the workforce. Manufacturing still accounts for 16% of the work-force.

Elements of Forsyth Countys broad economicbase include:

apparel/textiles data centers transportation computer-related services health care (largest area industry) electrical/industrial equipment tobacco products finance educationPopulation & IncomeIn addition to Forsyth Countys industrial diversificationand service sector expansion, our general demographictrends indicate positive, steady growth for area residentsand businesses.

Forsyth County population: 325,967 (2005) Winston-Salem population: 193,755 (2005)

Median household income for ForsythCounty: $41,239 (2003) North Carolina average income: $39.438

BB&T PEPSI COLA BOTTLING

GROUPT. W. GARNER FOODS

DEERE HITACHI BEKAERT

TEXTILESAON KRISPY KREME

FEDEX GROUNDWACHOVIALIBERTY HARDWARE

CORNING CABLE SYSTEMS

HANESBRANDS REYNOLDS

AMERICAN TARGACEPTEAGLELOGISTICS B/E AEROSPACE

DELLHAYWARD INDUSTRIES


12/20


Where greater capacityAs the technology s ector continues to evolve, Winston-Salem remains uniquely positioned as a leading technologycenter for health care, research, life sciences, informationtechnology, advanced manufacturing, and data centers.

Technology is a central focus for economic develop-ment in the area. Specifically, Winston-Salem and ForsythCounty look for opportunities for growth in five keyindustries: Life Sciences Financial Services Advanced Manufacturing Distribution and Logistics Data Centers

Piedmont Triad Research Park (PTRP)At the center of our commitment to technology is a unique,240-acre, world-class research campus. The park is being

developed and managed by Wake Forest University HealthSciences. This collaborative eort between academia, gov-ernment and the private sector, has developed into a high lyinteractive, master-planned, advanced technology commu-nity that supports life science and information technologyresearch and development. (www.ideallianceinc.org)

Winston-Salem is investing in the future byexpanding its wireless accessibility.Winston-Salem features several free WiFi hot spots,including a free WiFi hot spot along the main pedestrianthoroughfare in a re-energized downtown district.Known as WiFi on Fourth, the free wireless Internetservice earned Winston-Salem the 2003 IT & Telecommu-nication Solutions Award for mid-sized cities from PublicTechnology Inc.

Another technology initiative designed to help fuelgrowth is WinstonNeta 25-mile high speed fiber opticcommunication system that links the schools, libraries,city and county government, medical centers, P iedmontTriad Research Park and local industry.

Also, several local venture capital funds are set up tohelp promising technology companies bring new productsand services to market. There are even a number of busi-

ness incubators around the region to help entrepreneursget new companies o to a good start with sound businessstrategies and resources.

TECHNOLOGY | UTILITIES


13/20


14/20


15/20

www.wsbi.net 13

ACADEMICS

Forsyth Technical Community College (FTCC)provides outstanding vocational and continuing education,including a bio-technology program created in partnershipwith the degree programs in arts and sciences, businessinformation technologies, engineering technologies andhealth technologies. (www.forsythtech.edu) Enrollment: 10,000

Corporate & continuing education: 43,000 Faculty/staff: 1,298 Campuses: 8 57 associate programs 28 one-year vocational diplomas 66 certificate programs

The North Carolina School of the Arts (NCSA) isthe only state-assisted, residential arts school of its kind in

the country. The mission of the school is to train talentedstudents for professional careers in the arts.(www.ncarts.edu) Enrollment: 1,100 Five undergraduate degree programs Masters degree programs in Filmmaking, Music and

Design Productions

Salem College is an independent college for women,oering an excellent, individualized liberal arts education.Founded in 1772, it is the 13th oldest college in the countryand the oldest womens college. (www.salem.edu) Enrollment: 1,100 Faculty/staff: 305 26 degree programs 8 special programs (minors)

Piedmont Baptist College (PBC) is a nationally accred-ited, independent, fundamental Baptist College. Every PBCgraduate earns a major in Bible regardless of the individu-als program of study. (www.pbc.edu) Enrollment: 380 Faculty/staff: 6 0

The Winston-Salem/Forsyth County SchoolSystem is a county-wide consolidated system that rou-tinely scores above the state average in standardized test-ing and has a low dropout percentage. In fact, an averageof 75% of Forsyth County high school graduates continuetheir education. Graduation standards exceed the statestandards for science, community service, computer andworkforce competencies. (wsfcs.k12.nc.us) Student body: 51,000 Average classroom size: 24 students Average SAT scores: 1005

Forsyth County also has 29 outstandingprivate parochial and non-parochial schools.

amplifed

Piedmont Baptist Collegeand Graduate School


16/20

Where business can aord to grow


Where business can aord to grow

WINSTON-SALEM, NC


17/20


18/20

Dining & ShoppingAs the area has grown, the selection of internationalrestaurants has grown as well to suit the taste of even themost adventurous palate. Shopping opportunities rangefrom the 1.8 million-square-foot Hanes Mall to small artsand crafts shops.

Outdoor Recreation

The moderate climate, with four distinct seasons, allowsfor outdoor activities all year long, including many golfcourses, city parks, tennis courts, bal l fields, tracks, bikeand walking trails, and scenic lakes. Plus, our b eautifulCarolina beaches are within an easy four-hour drive, whilethe Blue Ridge Mountains are as close as one hour away.

Where you can learn more.You are invited to talk with us about why Winston-Salem,North Carolina is where business comes to life. Contact usat your convenience and well be happy to share informa-tion regarding sites, facilities and other data relevant toyour needs.

Tel 336.723.8955 800.220.WSBI (9724)Fax 336.761.1069Email [email protected] www.wsbi.net

Winston-Salem Business Inc.1080 West Fourth StreetWinston-Salem, NC 27101

QUALITY OF LIFE | CONTACT



19/20

Photosprovidedcourtesyof:WakeForestUniversity;NCTourism-BillRuss;H

istoricBethabaraPark;TanglewoodPark;ReynoldaHouse-MuseumofAmericanArt;SciWorks;OldSalem;Winston-SalemStateUniversity


20/20

winston-salem business inc. executive summary

Documents