BuildingUpon SuccessA five-year growth initiative of theAlamance County Economic Development Foundation
From OurInvestors:“The Alamance County community is knownto be active, hard-working, and engaged.Geographically, the county is in the perfectposition. We face both directions.We can connect to RTP and the Triad.”- Dr. Connie Book, Elon University“The Chamber is the only organization that canbridge multiple sectors of business, government,education and diverse populations.”- Ted Chandler, Chandler Concrete Co., Inc.“Livability factors are more important toAlamance County’s future than ever before.”- Charles Canaday,American National Bank & Trust“The world is moving fast. Alamance Countyis at a crossroads. We must have planningand investment to meet global demand. TheChamber must demand excellenceand lead this charge.”- Allen Gant, Glen Raven, Inc.
Invest inAlamance 2.0Building Upon SuccessSince forming the Economic DevelopmentFoundation in 2006, the Alamance Chamberhas achieved tremendous success. During thelast two five-year program phases (combined),initiatives have produced announcementsreaching 1.1 billion in capital investment andover 3,600 new jobs.Further accomplishments include: Funding and promoting Vote 3 for Educationbond package and 2020 Census Financial support for Alamance CommunityCollege’s Biotechnology Center of Excellence Strong support to existing industriesthrough direct visits, Workforce Council, andconnections to countless support resources Leading collaborative efforts which createdthe new small business revolving CommunityRecovery Loan program and mentorshipprogram Funding and administrative support for theCareer Accelerator Program apprenticeshipconsortiaEmerging TrendsDEI Diversity, equity & inclusion aregrowing national trends. The Chamberembraced DEI in 2020 with a formalposition statement, formation of an activeDEI committee and putting practices intoplace.Workforce Challenges With babyboomers continuing to retire at recordpace, American birth rates falling, and legalimmigration decreasing for over a decade,most employers are struggling to identify,attract and retain workers. This trend willlikely continue for a foreseeable future.Transition Alamance County isexperiencing transition to a progressive,thought-based, tech-driven economy.Change is positive and presents awindow to explore economic and lifestyleopportunities for the short and long term.
Key Program Components123Small Business& EntrepreneurDevelopmentSmall locally-owned businesses and entrepreneurs are vital and contribute greatly to thecharacter as well as the economy within the county. The Chamber is stepping up itsemphasis, programming and support for the entrepreneurial spirit and organicallygrown job creators.Talent andWorkforceWorkforce is an imperative resource for Alamance County businesses. The viability of localtalent is at a critical stage. Short-term solutions and ongoing growth require innovativestrategies. The Chamber will convene partners to align training, expand and communicateeducational opportunities and recruit talent to the community.Business Recruitment and MarketingAlamance County continues to be recognized as a world-class business destination. Thelocation, access, diverse economic base, sustained commercial growth, and quality of lifehave all contributed to its economic momentum. The Chamber will continue efforts to sellAlamance County to the world as an ideal destination for business investment and jobcreation.JobCreationExisting IndustryNationally, 70-80% of capital investment and new jobs derive from existing industry.Business retention and expansion is a priority economic development strategy of facilitatingexisting industry needs to grow, stay and further their commitment to the community.Product Development & InfrastructureSuccess in recruitment and expansion is directly related to our ability to develop sites,parks, shell buildings and infrastructure. Expanding the county’s product and infrastructureremains a focus to drive economic development success.45CommunityVisioningProcessIt is important to be proactive in creating the community of excellence that fosters growingeconomic prosperity. A facilitated visioning process, scheduled for 2022, is designed togenerate consensus-built strategies for addressing livability factors such as education,housing, cultural arts, healthcare, transportation and community aesthetics.InvestorEngagementThis economic development plan succeeds because of support and investment by theprivate sector. The Chamber is committed to a solid communications strategy to ensure investors are kept abreast of implementation, actions, tracking of deliverables, and reportingof successes. The Chamber and Economic Development Foundation accept accountabilityand embrace transparent use of resources.
Annually5-YearImplementation 117,500 587,500Talent Attraction & Workforce Development 77,500 387,500Existing Industry Services 57,000 285,000Business Recruitment & Marketing 38,500 192,500Infrastructure & Product Development 35,000 175,000Community Vision 15,000 75,000 4,500 22,500 345,000 1,725,000Strategic InitiativeSmall Business & Entrepreneurial DevelopmentInvestor EngagementTotals
It’s theEconomyThrough business expansions, small business support and entrepreneurial development, theInvest in Alamance 2.0 plan targets specific goals to generate capital investment, new payroll,economic circulation and boost economic vitality. The Convergent Outcomes Lab has projectedthe following economic impacts of goal success:MEASURABLE SUCCESSThis plan istargetingwhich will createan additionalThe primary jobs areexpected to pay1,500760 17.57NEW PRIMARY JOBSSECONDARY JOBSPER HOURThis economic actvitiyis expected to generateandand could result in 79,469,425 43,977,758 6,866,846IN ANNUAL TOTAL EARNINGSIN ANNUAL CONSUMEREXPENDITURESIN BANK DEPOSITS
Campaign LeadershipHonorary Co-Chairs:Dr. Connie BookElon UniversityLeib OehmigGlen Raven, Inc.Campaign LeadersChris Bryan, BB&T Now TruistTed Chandler, Chandler Concrete Co., Inc.Ed Hooks, City of MebaneReed LaPlante, First National BankGreg Lunsford, HUB International SoutheastTom McGowen, STOUT STUART McGOWEN & KING, LLPLisa Pennington, Cone Health Alamance RegionalLeAndra “Nikki” Ratliff, Burlington Housing AuthorityScott Thomas, Thomas Chandler Thomas & Hinshaw, LLPTroy Woodard
Join us as we build upon success.336 / 228 1338alamancechamber.com
Lisa Pennington, Cone Health Alamance Regional LeAndra “Nikki” Ratliff, Burlington Housing Authority Scott Thomas, Thomas Chandler Thomas & Hinshaw, LLP Troy Woodard Campaign Leadership Dr. Connie Book Elon University Leib Oeh