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High Point Economic Development 2008 Annual Report

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High Point Economic Development 2008 Annual Report HIGHPOINT Extraordinary Success in ExtraordinaryTimes MISSION OF THE HIGH POINT ECONOMIC DEVELOPMENT CORPORATION The High Point Economic Development Corporation is a public-private organization whose mission is to: • work to retain existing business and industry in the City of High Point; • assist local companies in expanding; • attract new businesses to locate in High Point; and • encourage the creation of head-of-household jobs for Piedmont Triad residents. 2 0 0 8 ANNUAL REPORT HIGH POINT NORTH CAROLINA’S INTERNATIONAL CITYTM HIGH POINT E CONOMIC HIGH POINT ECONOMIC DEVELOPMENT CORPORATION DEVELOPMENT P.O. Box 230, High Point, NC 27261 USA 336-883-3116 Fax: 336-883-3057 www.highpointedc.com e-mail: [email protected] CORPORATION Designed by Graves Marketing&Design Extraordinary success in 2008 High Point’s major projects in 2008 Dear Fellow High Pointers: High Point’s major economic development projects in 2008 reflect a diverse group of BIOTECH / LIFE SCIENCES [Page 9] industry sectors. They show geographic diversity too – located in the Core City focus A. Banner Pharmacaps 1 You should be proud of High Point for its economic development successes and for the accolades the City received in area and in southern and northern parts of High Point. For details on each project, B. TransTech Pharma / PharmaCore 2008, despite the international economic downturn. please see the accompanying map and go to the article on the page indicated. • For the second year in a row, High Point led the nation in attracting new industry. DISTRIBUTION / LOGISTICS [Page12] • More than 2,167 jobs were created or announced. C. Polo Ralph Lauren / RalphLauren.com • High Point received a national “award of excellence” for its distribution / warehousing industry sector [see Page 4]. FURNITURE [Pages 10-11] • N.C. Secretary of Commerce Jim Fain praised High Point for excelling in economic development [see Page 4]. D. Home Meridian International Take notice of High Point’s accomplishments and many attributes – that will help High Point continue to perform well HEALTHCARE [Page 13] even during challenging conditions – as you review the 2008 annual report, “High Point: Extraordinary Success in E. Advanced Home Care Extraordinary Times.” F. Cornerstone Healthcare 2 G. High Point Regional Health System 2 H. MedCenter of High Point I. Spectrum Laboratory Network Owen Bertschi Loren Hill Chairman of the Board President HIGH TECH [Page 10] J. SunGard Public Sector K. TriQuint Semiconductor More than 2,167 jobs created / announced in 2008 High Point’s population reaches 100,000 milestone MANUFACTURING [Page 14] High Point companies created or announced more than 2,167 In 2008, High Point’s population passed the 100,000 threshold, L. Anco-Eaglin new jobs in 2008, an impressive number of positions considering according to estimates of the U.S. Census Bureau. High Point is M. Harland Clarke the downturn of the national economy. That figure compares to located in the Piedmont Triad region of North Carolina – the N. Thomas Built Buses the more than 3,096 jobs created / announced in High Point in nation’s 37th largest metro area with a population of 1.6 million. CUSTOMER SERVICE / FINANCIAL [Page 16] 2007; 2,610 jobs in 2006; 2,388 jobs in 2005; and 1,300 jobs in 2004. O. Aetna P. Bank of America EDUCATIONAL / INSTITUTIONAL [Page 15] High Point is #1 in the nation, for the second year Q. Guilford Technical Community College R. High Point University – For two years in a row, High Point has celebrated extraordinary news – the city led the nation in attracting new industry. PROJECT OF THE YEAR [Page 8] Site Selection magazine and North Carolina Governor Mike Easley announced in March 2008 that once again the three-county S. Pennybyrn at Maryfield 3 Greensboro / High Point metro area was ranked #1 in the nation for attracting new and expanded business. That ranking was T. River Landing at Sandy Ridge 3 for all regions in the United States with a population between 200,000 and one million. RETAIL / SERVICES / HOSPITALITY [Page 16] Both years, High Point led the way within our winning region. U. Walmart 2 • In those back-to-back years, High Point had 30% of the projects – BUSINESS PARKS [Page 18] but has only 14% of the population and a small part of its geography. V. Eastchester Park • Of the 62 projects that gave the area the #1 ranking, High Point W. Premier Office & Technology Park had 18; Greensboro, 11; Guilford County (outside of the High Point REGIONAL PROJECTS – located just outside and Greensboro city limits), seven; Randolph County, 17 (plus one High Point city limits the High Point city limits [Page 17] project that is in the High Point part of Randolph Co. and is High Point’s Core City area X. FedEx Mid-Atlantic Hub and FedEx reflected in High Point’s number); and Rockingham County, nine. Ground 2 (distribution sector) • Had High Point not done significantly better, the three-county Future growth area for High Point Y. HondaJet (manufacturing sector) region would not have received that #1 national ranking. Other municipalities Z. Piedmont Triad International Airport Unincorporated areas 1 Banner Pharmacaps can also be categorized in the manufacturing industry sector. 2 Four companies had major economic development activities at Chairman Owen Bertschi recaps the highlights of 2008 – including multiple sites. Thus, more than one icon appears on the map for High Point again leading the nation in attracting new industry – Cornerstone Healthcare (three locations), FedEx (two), High Point at the High Point EDC annual meeting. Regional Health System (two), and Walmart (two). 3 Pennybyrn at Maryfield and River Landing at Sandy Ridge can also be categorized in the healthcare industry sector. 2 3 Extraordinary Success in ExtraordinaryTimes 2008 ANNUAL REPORT: HIGH POINT ECONOMIC DEVELOPMENT CORPORATION Extraordinary success in 2008 High Point’s major projects in 2008 Dear Fellow High Pointers: High Point’s major economic development projects in 2008 reflect a diverse group of BIOTECH / LIFE SCIENCES [Page 9] industry sectors. They show geographic diversity too – located in the Core City focus A. Banner Pharmacaps 1 You should be proud of High Point for its economic development successes and for the accolades the City received in area and in southern and northern parts of High Point. For details on each project, B. TransTech Pharma / PharmaCore 2008, despite the international economic downturn. please see the accompanying map and go to the article on the page indicated. • For the second year in a row, High Point led the nation in attracting new industry. DISTRIBUTION / LOGISTICS [Page12] • More than 2,167 jobs were created or announced. C. Polo Ralph Lauren / RalphLauren.com • High Point received a national “award of excellence” for its distribution / warehousing industry sector [see Page 4]. FURNITURE [Pages 10-11] • N.C. Secretary of Commerce Jim Fain praised High Point for excelling in economic development [see Page 4]. D. Home Meridian International Take notice of High Point’s accomplishments and many attributes – that will help High Point continue to perform well HEALTHCARE [Page 13] even during challenging conditions – as you review the 2008 annual report, “High Point: Extraordinary Success in E. Advanced Home Care Extraordinary Times.” F. Cornerstone Healthcare 2 G. High Point Regional Health System 2 H. MedCenter of High Point I. Spectrum Laboratory Network Owen Bertschi Loren Hill Chairman of the Board President HIGH TECH [Page 10] J. SunGard Public Sector K. TriQuint Semiconductor More than 2,167 jobs created / announced in 2008 High Point’s population reaches 100,000 milestone MANUFACTURING [Page 14] High Point companies created or announced more than 2,167 In 2008, High Point’s population passed the 100,000 threshold, L. Anco-Eaglin new jobs in 2008, an impressive number of positions considering according to estimates of the U.S. Census Bureau. High Point is M. Harland Clarke the downturn of the national economy. That figure compares to located in the Piedmont Triad region of North Carolina – the N. Thomas Built Buses the more than 3,096 jobs created / announced in High Point in nation’s 37th largest metro area with a population of 1.6 million. CUSTOMER SERVICE / FINANCIAL [Page 16] 2007; 2,610 jobs in 2006; 2,388 jobs in 2005; and 1,300 jobs in 2004. O. Aetna P. Bank of America EDUCATIONAL / INSTITUTIONAL [Page 15] High Point is #1 in the nation, for the second year Q. Guilford Technical Community College R. High Point University – For two years in a row, High Point has celebrated extraordinary news – the city led the nation in attracting new industry. PROJECT OF THE YEAR [Page 8] Site Selection magazine and North Carolina Governor Mike Easley announced in March 2008 that once again the three-county S. Pennybyrn at Maryfield 3 Greensboro / High Point metro area was ranked #1 in the nation for attracting new and expanded business. That ranking was T. River Landing at Sandy Ridge 3 for all regions in the United States with a population between 200,000 and one million. RETAIL / SERVICES / HOSPITALITY [Page 16] Both years, High Point led the way within our winning region. U. Walmart 2 • In those back-to-back years, High Point had 30% of the projects – BUSINESS PARKS [Page 18] but has only 14% of the population and a small part of its geography. V. Eastchester Park • Of the 62 projects that gave the area the #1 ranking, High Point W. Premier Office & Technology Park had 18; Greensboro, 11; Guilford County (outside of the High Point REGIONAL PROJECTS – located just outside and Greensboro city limits), seven; Randolph County, 17 (plus one High Point city limits the High Point city limits [Page 17] project that is in the High Point part of Randolph Co.
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