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Local Government
Tourism Hits New Economic Heights In Raleigh PDF Print E-mail
Local Government
By Donna Martinez   
Thursday, 16 August 2018 09:04

 

Raleigh, N.C.(July 18, 2018) – Figures released today by the Greater Raleigh Convention and Visitors Bureau (Visit Raleigh) show that Wake County welcomed 16.45 million visitors in 2017, an increase of 5.3 percent over 2016. Those visitors who traveled to Wake County spent $2.5 billion locally, an increase of 4.0 percent over 2016. Both figures are all-time records. The organization independently contracted with three nationally respected travel and tourism research organizations, DK Shifflet, Tourism Economics and STR, Inc., to estimate these and other key tourism statistics.

Visitors to Wake County generated more than $250 million in state and local tax revenues last year. By generating these revenues, area visitation saved each Wake County household $671. Tourism-generated tax receipts are used for education, school construction, water, sewer and other necessities as well as quality-of-life amenities for residents. If these tax revenues were not generated by visitors, local taxpayers would need to provide the same funding if the current level of service and amenities in Wake County were to be maintained.

According to the research, tourism continues to be one of the largest employment sectors in Wake County supporting 26,170 full time jobs with a payroll of $739.5 million. Tourism employment in Wake County has grown 31.6 percent since 2009, outpacing the county average for growth over that timeframe of 27.3 percent. In fact, the tourism industry in Wake County has added nearly 800 jobs per year since 2009.

“The latest data demonstrates that Wake County continues to be a premier tourism destination for meetings, sporting events and leisure visitation in the Southeast and that tourism plays an important role in impacting the economy county-wide,” said Dennis Edwards, president and CEO of the Greater Raleigh Convention and Visitors Bureau (Visit Raleigh).

Wake County set several records across key hotel and restaurant performance indicators as well throughout 2017, including a 1.8 percent year-over-year increase in area hotels' average daily rate (to $102.90). Lodging tax collections totaled $25.1 million, up 3.6 percent year-over-year, and prepared food and beverage collections rose 5.3 percent in 2017, amounting to a record $28.3 million.

The county hotel occupancy of 69.1 percent outpaced the state average of 63.4 percent and the national average of 65.9 percent in 2017. Wake County experienced a 2.8 percent increase in hotel availability and with that still had an increase of 1.3 percent in rooms sold.

 

KPI/Statistic (Wake County)

2017

2016

% changeor

Visitor Economy Impact Figures

 

 

 

Total Number of Visitors

16.45 M

15.62 M

5.3%

Visitor Spending Generated

$2.53 B

$2.43 B

4.0%

Employment Figures

 

 

 

Local Employment Directly Supported by Tourism

26,170

25,535

2.5%

Labor Income Paid

$739.5 M

$715.3 M

3.4%

Tax Collections

 

 

 

State & Local Tax Revenue Generation
(From Visitors)

$250 M

$242 M

3.3%

Lodging Tax Collections

$25.14 M

$24.27 M

3.6%

Prepared Food and Beverage Tax Collections

$28.33 M

$26.91 M

5.3%

Hotel Performance Data

 

 

 

Hotel Occupancy

69.1%

70.1%

(-1.5%)

Hotel Average Daily Rate (ADR)

$102.90

$101.09

1.8%

Total Rooms Available

16,794

15,828

6.1%

Hotel Room Supply
(Total Number of Room-Nights Available)

5.91 M

5.75 M

2.8%

Hotel Room Nights Sold
(Number of Room-Nights Sold)

4.09 M

4.03 M

1.3%

 

“Even with the current state of the tourism economy being as bright as it has ever been, now is not time to sit back and declare success,” said Edwards. “We must commit to strategic, sustainable development of the assets needed to attract visitors in today’s everchanging landscape. This is why we are proud to be unveiling Wake County’s new Destination Strategic Plan, which we’re calling ‘Destination 2028’ at our annual meetingon August 16. This 10-year strategic plan will help our stakeholders and elected officials make sound decisions on what new and enhanced tourism infrastructure we need to invest in over the next 10 years based on research, and what will give us the best ROI.”

Last Updated on Thursday, 16 August 2018 09:07
 
Henderson County Public Library Receives Federal Grant PDF Print E-mail
Local Government
By Administrator   
Wednesday, 15 August 2018 10:08

The Henderson County Public Library is the recipient of a $97,388 grant to initiate the first year of Radio Frequency Identification (RFID) tagging of the physical collection.  Library Services and Technology Act funds awarded by the State Library of North Carolina are made possible through funding from the federal Institute of Museum and Library Services (IMLS) under the provisions of the LSTA as administered by the State Library of North Carolina, a division of the Department of Natural and Cultural Resources.

These federal funds are investments that help libraries deliver relevant and up-to-date services for their communities. At Henderson County Public Library, the LSTA grant will fund the installation and implementation of radio frequency identification technology. Library users will experience reduced wait times with a minimal rate of error. RFID will allow staff to focus less attention on material handling and more attention on solving resident’s more complex information needs. RFID technology will also offer inventory tracking and security control to protect material investments. Library DirectorTrina Rushingsaid, “Our goal is to provide library users with a high quality, efficient library experience. We feel confident that the combination of time-saving check-in and check-out and enhanced security features provided by this technology will allow us to meet that goal.”

Henderson County Public Library received one of the 53 competitive grants for fiscal year 2018-2019 awarded to North Carolina libraries from this year’s federal allotment of over $2.6 million. 

The Institute of Museum and Library Services is the primary source of federal support for the nation’s 122,000 libraries and 17,500 museums. The Institute's mission is to create strong libraries and museums that connect people to information and ideas. To learn more about the Institute, please visit www.imls.gov.

For more information about North Carolina’s LSTA program visit the State Library of North Carolina’s LSTA web page ot contact the State Library’s Federal Programs Consultant at 919-807-7423.

 
Triad Gets $3.2 Million For Job Training PDF Print E-mail
Local Government
By Administrator   
Wednesday, 08 August 2018 10:55

Governor Cooper Celebrates New Regional Workforce Development Initiative

 

$3.2 million state grant will support apprenticeships and training in four Triad counties

 

RALEIGH: The Triad area will get $3.2 million for more job training opportunities in Alamance, Guilford, Randolph and Rockingham counties, Governor Roy Cooper announced today. The state funds have been awarded to the Eastern Triad Workforce Initiative, a public-private partnership that will provide apprenticeship and on-the-job training.

 

 

 

 

Governor Cooper praised the effort as a positive development for the region and noted its alignment with NC Job Ready, his statewide initiative to help prepare North Carolinians for the jobs of today and tomorrow.

 

 

 

 

“Initiatives like this one hold great promise to meet employers’ needs, prepare young people for in-demand careers and connect people already in the workforce with better paying jobs,” Gov. Cooper said. “To get North Carolina job ready, we need even more leadership and cooperation between the private sector, educators, workforce development professionals and community groups.”

 

 

 

 

Governor Cooper’s NC Job Ready <http://click.icptrack.com/icp/relay.php?r=38109465&msgid=433015&act=E9NM&c=1346310&destination=https%3A%2F%2Fgovernor.nc.gov%2Fnews%2Fgovernor-cooper-announces-nc-job-ready-key-priorities-workforce-development>  strategy has three core principles: skills and education attainment, employer leadership to remain relevant to evolving industry needs, and local innovation to take great ideas and apply them statewide.

 

 

 

 

The new state funding to the Eastern Triad Workforce Initiative (ETWI) will support the development and implementation of pilot apprenticeship programs in targeted industries throughout the region. Funds will be used for training materials, apprenticeship employment costs and curriculum development.

 

 

 

 

Led by the Community Foundation of Greater Greensboro, ETWI partners include local chambers of commerce, K-12 school systems, community colleges, apprenticeship programs and the three workforce development boards that serve different parts of the region.

 

 

 

 

Local NCWorks Career Centers will help recruit employers and prospective employees for on-the-job training and will support that training. These efforts are designed to provide local industries with solutions to their workforce challenges, including a lack of applicants, even for jobs that pay well.

 

 

 

 

A survey of North Carolina employers, recently released by the NCWorks Commission, found that 50 percent of employers who tried to hire in the past year had difficulty filling at least one position. Just over half of employers cited applicants’ lack of relative work experience, while just under half said that their hiring difficulty stemmed from job seekers’ lack of technical or occupation-related skills.

 

 

 
Arch Capital Will Open Raleigh Hub Creating 365 New Jobs PDF Print E-mail
Local Government
By Administrator   
Wednesday, 08 August 2018 09:51

Governor Cooper Announces 365 New Financial Services Jobs in Wake County

 

Arch Capital Will Invest $12.9M In a New Raleigh Office

 

RALEIGH: Arch Capital Group Ltd. (ACGL), a globally diversified financial services group providing insurance, reinsurance and mortgage insurance, will open an operational hub in Raleigh and create 365 new jobs over four years, Governor Roy Cooper announced today. The company will invest $12.9 million in North Carolina by the end of 2019.

 

 

 

 

“Global finance and technology leaders like Arch choose North Carolina because they know our world-class universities and community colleges prepare talented students to succeed in those industries,” Governor Cooper said. “I look forward to the new opportunities Arch will bring to Wake County.”

 

 

 

 

Arch currently employs approximately 575 people in North Carolina, and this project will bring several operational functions supporting Arch’s long-term growth to Raleigh.

 

 

 

 

“The overall attractiveness of the area, combined with our existing operations in North Carolina and the incentives offered by the state were all factors in our decision to create an operational hub in Raleigh,” said Marc Grandisson, President and CEO of ACGL. “This region offers a talented and educated labor force, a collaborative business environment, and an appealing quality of life for our employees."

 

 

 

 

Salaries for the employees will vary by position and include a a wide variety of professional roles from entry level to executive. Once all positions are filled, the annual payroll impact in North Carolina will be $39.8 million. Wake County’s average annual wage is $56,245.

 

 

 

 

“Our state’s talent, top-notch universities and research institutions make us a tech and finance powerhouse,” said North Carolina Commerce Secretary Anthony Copeland. “Companies like Arch select North Carolina for its strong business climate and workforce. We welcome the company’s investment in Wake County and the 365 well-paying jobs this project will bring.”

 

 

 

 

The North Carolina Department of Commerce and the Economic Development Partnership of N.C. (EDPNC) led the state’s support for the company’s selection.

 

 

 

 

Arch’s new project in Wake County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project will grow the state’s economy by an estimated $760,747,000. Using a formula that accounts for the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential state reimbursement to the company of up to $5,106,000 spread over 12 years. State payments only occur following performance verification by the Departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

 

 

 

 

Because Arch chose to locate in Wake County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving as much as $1,702,000 in new tax revenue generated through the grant into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Wake, the new tax revenue generated through JDIG grants helps more economically challenged communities throughout the state. More information on the state’s economic tier designations is available here <http://click.icptrack.com/icp/relay.php?r=38109465&msgid=432429&act=E9NM&c=1346310&destination=https%3A%2F%2Fedpnc.com%2Fincentives%2Fcounty-development-tier-designations%2F> .

 

 

 

 

“I am proud to welcome Arch’s new facility and its investment in the Raleigh area,” said N.C. Senate Democratic Leader Dan Blue. “There is no better place to live and work than North Carolina. This project will support 365 well-paying jobs, and I am confident that talented North Carolinians are prepared to fill future positions.”

 

 

 

 

“Wake County is a hub for the financial services industry because of the region’s exceptional talent and world-class universities,” said N.C. Representative Grier Martin. “This project strengthens our state and community’ reputation as an industry leader.”

 

 

Partnering with N.C. Commerce and the EDPNC on this project were the North Carolina General Assembly, the North Carolina Community College System, Wake County, the City of Raleigh, Wake County Economic Development, Wake Technical Community College, the Capital Area Workforce Development Board and the Greater Raleigh Chamber of Commerce.

 
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