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Published byDalia Vickers Modified over 9 years ago
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Market Analysis Economic Development Land Planning Implementation Harrisburg, NC Economic Development Implementation A strategic community assessment
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Market Analysis Economic Development Land Planning Implementation Schedule Phase I - Market Analysis November – Data Immersion & Guiding Principles January – Market Analysis Report Phase II - Economic Development Work Plan February – Building & Sites Inventory March – Implementation Plan
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Market Analysis Economic Development Land Planning Implementation Data Hackathon
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Key Assets Education Health & Safety Housing Transportation Employment
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Market Analysis Economic Development Land Planning Implementation Locational Analysis
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Market Analysis Economic Development Land Planning Implementation Guiding Principles Maximize existing assets & infrastructure Build opportunities & programs which support multi-generations Grow an economy around future trends & small town values
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Market Analysis Economic Development Land Planning Implementation Demographics
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Market Analysis Economic Development Land Planning Implementation Lifestyle Characteristics
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Market Analysis Economic Development Land Planning Implementation Lifestyle Characteristics ~Baby Boomers ~Millennials
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Market Analysis Economic Development Land Planning Implementation Economics
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Market Analysis Economic Development Land Planning Implementation Key Economic Areas
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Market Analysis Economic Development Land Planning Implementation Job Growth – 5 County Region
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Market Analysis Economic Development Land Planning Implementation Unemployment
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Market Analysis Economic Development Land Planning Implementation Job Growth - Sectors Job & Establishment GrowthNorth CarolinaCabarrus CountyMecklenburg County 2013 Establishments248,3534,03432,192 2Q2014 Establishments251,9494,11333,006 Net Establishment Growth3,596 79 814 2013 Employment3,291,48851,541516,375 2Q2014 Employment3,407,68853,706541,279 Net Job Growth 116,200 2,165 24,904 Compare 2012 – 2013: 1,551
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ECONOMIC BASE MODEL Basic Employment Office Retail Residential Industrial Total Employment Population / $’s
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Market Analysis Economic Development Land Planning Implementation Economic Base Freight & Cargo Transportation Packing Materials Building Supplies Automotive/Auto Sports Harrisburg:
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Market Analysis Economic Development Land Planning Implementation Office
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Market Analysis Economic Development Land Planning Implementation Office Demand
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Market Analysis Economic Development Land Planning Implementation Industrial
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Market Analysis Economic Development Land Planning Implementation Industrial (Flex) Demand
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Market Analysis Economic Development Land Planning Implementation Retail
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NortheastCabarrus County
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Market Analysis Economic Development Land Planning Implementation Retail Demand
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Market Analysis Economic Development Land Planning Implementation Retail Market
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Market Analysis Economic Development Land Planning Implementation Retail Market 10-minute Drive Time
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Market Analysis Economic Development Land Planning Implementation Housing Value of UnitsNumber of UnitsPercentage of Units $0-$49,99921 0.6% $50,000-$99,99966 1.8 $100,000-$199,999146041.7 $200,000-$299,999105230.0 $300,000-$399.99961317.5 $400,000-$499,999208 5.9 $500,000 & above85 2.4 Monthly Rent Number of Units Percentage of Units $0-$499 57 14.6% $500-$749 48 12.3 $750-$999 174 44.7 $1000 and over 110 28.3
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Market Analysis Economic Development Land Planning Implementation Housing Age Occupied Units Percentage of Occupied Units 15-24 56 1.4% 25-34 500 12.5 35-44 1,170 29.2 45-54 993 25.0 55-64 649 16.2 65-74 354 8.8 75-84 211 5.3 85+ 70 1.7 Number of Persons Number of Units Percentage of Occupied Units 1-person 670 16.7% 2-person 1.257 31.4 3-person 689 17.2 4-person 895 22.4 5-person 346 8.6 6-person 107 2.7 7+person 39 1.0% 32% over 55
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Market Analysis Economic Development Land Planning Implementation Elements Civic & Public Spaces Place-Making Transportation & Accessibility
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Market Analysis Economic Development Land Planning Implementation Guiding Principles Maximize existing assets & infrastructure Grow assets in key economic areas to create synergy Build opportunities & programs which support multi-generations Grow housing diversity in key economic areas to build momentum Grow an economy around future trends & small town values Expand commercial tax base to provide jobs and remain competitive
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Market Analysis Economic Development Land Planning Implementation Next Steps Building & Sites Inventory EDSP Implementation Work Plan
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Market Analysis Economic Development Land Planning Implementation Thank You! Questions?
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