north carolina vision 2030 progress assessment€¦ · north carolina’s net new jobs from 2014 to...

FALL 2017

N O R T H C A R O L I N A V I S I O N 2 0 3 0

PROGRESS ASSESSMENT

2 N O R T H C A R O L I N A C H A M B E R F O U N D A T I O N

O V E R A L L G O A L S

Employment Growth Add one million jobs by 2030, 62,500 per year ............................................................................. 4

Earnings Growth Increase total earnings by $7.5 billion annually ....................................................................................... 5

Consumer Spending Grow consumer spending $4.1 billion annually ................................................................................. 6

Bank Deposits Raise deposits in North Carolina banks by $652 million annually ........................................................... 7

P I L L A R 1 : E D U C A T I O N A N D T A L E N T S U P P LY G O A L S

High School Graduation Rate Improve the high school graduation rate to 90% by 2030 ........................................... 8

Reading Proficiency Raise 4th grade reading proficiency to top 20 nationally ............................................................... 9

Math Proficiency Raise 4th grade math proficiency to top 15 nationally .......................................................................10

4th Grade Reading Proficiency Reduce the number of 4th graders reading below basic levels by 32% ................11

8th Grade Reading Proficiency Raise 8th grade reading proficiency to top half of states .........................................12

8th Grade Math Proficiency Raise 8th grade math proficiency to top 20 nationally ..................................................13

Tuition Rates Maintain one of the lowest tuition rates for public community colleges/universities ........................14

Community College Graduation Rates Increase community college graduation or certificate rates by 15% ........15

University Graduation Rates Increase university graduation rates by 9% .....................................................................16

Post High School Degree Increase North Carolina adults with post high school degree or credential to 60%.....17

STEM BA Degrees Increase number of STEM BA degrees by 10% .................................................................................18

P I L L A R 2 : B U S I N E S S C L I M A T E G O A L S

Legal Climate Obtain and maintain top 10 ranking for legal climate and fairness of litigation ..................................19

Regulatory Climate Secure a #1 ranking from Forbes for regulatory climate ................................................................20

State Unemployment Rate Maintain a state unemployment rate below the national average .................................21

Business Share of State and Local Taxes Continue top 10 lowest business share of state and local taxes ...........22

Union Membership Maintain #1 state with lowest union membership percentage ....................................................23

Average Compensation Per Job Increase average compensation per job in excess of annual inflation rate .........24

Average for Real GDP Per Capita Be above national average for real GDP per capita ...............................................25

Per Capita Personal Income Be a top 20 state for per capita personal income growth .............................................26

Personal Income Increase the amount of personal income by more than $5 billion annually ...................................27

Exports Expand state exports above the national average ................................................................................................28

NORTH CAROLINA VISION 2030PROGRESS ASSESSMENTFALL 2017

N O R T H C A R O L I N A V I S I O N 2 0 3 0 P R O G R E S S A S S E S S M E N T 3

P I L L A R 3 : E N T R E P R E N E U R S H I P A N D I N N O V A T I O N G O A L S

High Tech Employment Increase high-tech employment by 20% .................................................................................... 29

Research and Development Funding Improve state rankings for total R&D per worker to top 15 nationally ......30

Business Performed R&D Improve to top 10 business R&D as a percent of private industry output ....................31

Technology Licenses and Options Improve to top 3 tech licenses and options executed from universities .........32

Start-Ups from Universities Improve to top 5 ranking start-ups from universities ...................................................... 33

Patents Issued Improve to top 10 ranking for patents issued ........................................................................................... 34

Venture Capital Funding Improve to top 15 in venture capital funding per $1 trillion GDP ..................................... 35

Number of Entrepreneurs Improve to top 15 average number of entrepreneurs per 100,000 people ..................36

P I L L A R 4 : I N F R A S T R U C T U R E A N D G R O W T H G O A L S

Roads Raise North Carolina’s road grade on ASCE Report Card from C to B ................................................................ 37

Structurally Deficient Bridges Reduce percent of bridges deemed structurally deficient to below national average ...38

Commute Time Maintain current commute time of 23.7 minutes ................................................................................... 39

Broadband Access Achieve 100% broadband access ......................................................................................................... 40

Energy Costs Reduce average energy costs to the average of SE states ........................................................................ 41

Airport Enplanements Increase airport enplanements by 3% annually .......................................................................... 42

NC Ports Increase goods handled by ports by 4% annually ............................................................................................... 43

North Carolina Vision 2030 – A Plan for Accelerating Job Growth and Securing North Carolina’s Future is coordinated by the North Carolina Chamber Foundation. The forward-thinking, initiative-driven plan provides focused economic development strategies around its four “Pillars of a Secure Future”, which include Education and Talent Supply, Competitive Business Climate, Entrepreneurship and Innovation, and Infrastructure and Growth Leadership.


Employment GrowthVISION 2030 – Add one million jobs by 2030, an average of 62,500 per year.

GOALS 2016 to 2020 – 310,000 new jobs 2020 to 2025 – 332,000 new jobs 2025 to 2030 – 358,000 new jobs

RESULTS 2014 to 2016 – 159,877 net new jobs added, average 79,938 per year (28% above goal).

North Carolina’s net new jobs from 2014 to 2016 totaled 159,877, or 79,938 per year, 28% above the goal of 62,500 per year. If this success continues, the state would meet its million-new job goal and exceed that goal by more than a quarter of a million jobs. North Carolina job growth in early 2017 has slowed slightly.

Source: Bureau of Labor Statistics. 2017. QCEW

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

2014 2015 2016

4,057,439 4,161,654 4,217,316

North Carolina 2014 to 2016

EXCEEDING GOAL

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Earnings GrowthVISION 2030 – Raise total earnings by $7.5 billion annually.

GOAL 2014 to 2016 – $15.0 billion.

RESULTS 2014 to 2016 – $18.8 billion earnings gain (25.3% above goal).

Overall earnings growth increased by almost $19 billion in the first two years of the plan, an average of $9.4 billion each year, or 25% greater than the goal of the plan. A combination of higher earnings for the more than 4 million existing workers, combined with new earnings for the almost 16,000 additional workers, created robust new earnings. If earnings meet the goal, North Carolina will have more than $100 billion in earnings growth by 2030.

Source: Bureau of Labor Statistics. 2017. QCEW


EXCEEDING GOAL

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50,000

100,000

150,000

200,000

250,000

2014 2015 2016

182,456193,647 201,287

Tota

l ear

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s in

mill

ions

$


Consumer SpendingVISION 2030 – Grow consumer spending by $4.1 billion annually.

GOAL 2014 to 2016 – $8.2 billion consumer spending gain.

RESULTS 2014 to 2016 – $26.7 billion consumer spending gain (325% above goal).

Source: Bureau of Economic Analysis “Total personal consumption expenditures (PCE) by state (millions of dollars)”


EXCEEDING GOAL

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400,000

380,000

360,000

340,000

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260,000

240,000

220,000

200,000

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2016

316,051328,556

342,753


Bank DepositsVISION 2030 – Raise deposits in North Carolina banks by $652 million annually.

GOAL 2014 to 2016 – $1.304 billion.

RESULTS 2014 to 2016 – 7.4 billion gain (multiple times greater than the goal).

According to the FDIC, bank deposits grew about 4% between 2014 and 2015 and then dropped slightly from 2015 to 2016.

Source: FDIC & ibanknet.com


EXCEEDING GOAL

OV

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AL

L GO

AL

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2014 2015 2016

400,000

380,000

360,000

340,000

320,000

300,000

$339,873

$353,353$347,217

Bank

dep

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in m

illio

ns $


High School Graduation RateVISION 2030 – Improve the high school graduation rate to 90% by 2030.

GOALS At time of Vision 2030 launch – 83%. by 2020 – 86% by 2025 – 88% by 2030 – 90%

RESULTS 2014 to 2015 – 85.6%.

North Carolina’s high school graduation rate continues to improve and is now approaching 86%, the 2030 goal for 2020. Unless there are setbacks, the 2030 goal should be met. As the state gets closer to the 2030 goal of 90%, progress will probably slow. In 2014-15, North Carolina was tied for 22nd best state, ranked with Delaware and Illinois.

The NCES report for 2015-16 has not yet been released. While DPS releases graduation rates for North Carolina, Vision 2030 uses NCES statistics to normalize for all states.

Source: National Center for Education Statistics. “Common Core Data.”

North Carolina 2012-13 to 2014-15

PROGRESS TO GOAL

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2012-13 2013-14 2014-15

2326

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2012-13 2013-14 2014-15

83.0% 83.9% 85.6%

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4th Grade Reading ProficiencyVISION 2030 – Raise fourth grade reading proficiency to a top 20 state nationally.

GOALS At time of Vision 2030 launch – ranked 28th. by 2020 – 25th by 2025 – 22nd by 2030 – 19th

RESULTS 2015 – NC ranked 13th.

2013: North Carolina tied for 27th rank with Georgia and Maryland.

2015: North Carolina tied for 13th rank with Utah and Washington.

North Carolina’s rank improved significantly between 2013 and 2015. New data will not be available for some time, information is released every two years and the next data is expected in 2018.

Source: National Center for Education Statistics. 2016. “NAEP Data Explorer.” Average composite scores are released every 2 years.


STRONGPROGRESS

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1 0 N O R T H C A R O L I N A C H A M B E R F O U N D A T I O N

4th Grade Math ProficiencyVISION 2030 – Raise fourth grade math proficiency to a top 15 state nationally.

GOALS At time of Vision 2030 launch – ranked 17th. by 2020 – 16th by 2025 – 15th by 2030 – 14th

RESULTS 2015 – North Carolina ranked 10th.

North Carolina’s rank improved significantly between 2013 and 2015. New data will not be available for some time.

2013: North Carolina tied for 16th rank with Maryland and Wisconsin. (Report showed North Carolina ranked 17th, however North Carolina was tied second in alphabetical order with Maryland for 16th).

2015: North Carolina tied for 10th rank with Nebraska, Ohio and Texas.


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N O R T H C A R O L I N A V I S I O N 2 0 3 0 P R O G R E S S A S S E S S M E N T 1 1

4th Grade Reading ProficiencyVISION 2030 – Reduce the number of fourth graders reading below basic levels by 32%.

GOALS Reduce the number of fourth graders reading below basic levels by 32%.

RESULTS 23.9% reduction in number of 4th graders reading below grade proficiency from 2013 – 2016.

North Carolina has made significant progress between 2013 and 2016 in the percentage of 4th graders reading below grade level. The number of fourth graders is difficult to find, but the drop in percentage shows that the 2030 goal is being met.

Source: NC Public Schools, Accountability Reporting


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90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

56.3%

44.4% 41.2% 42.0%


8th Grade Reading ProficiencyVISION 2030 – Raise eighth grade reading proficiency to top half of states nationally.

GOALS At time of Vision 2030 launch – ranked 36th. by 2020 – 31st by 2025 – 27th by 2030 – 24th


2013: North Carolina tied for 36th rank with Georgia and Tennessee.

2015: North Carolina tied for 38th rank with Texas.

No progress has been made so far on this goal.

North Carolina 2011 to 2015ED

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LOSING GROUND

2013 2015

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8th Grade Math ProficiencyVISION 2030 – Raise eighth grade math proficiency to a top 20 state nationally.

GOALS At time of Vision 2030 launch – ranked 22nd. by 2020 – 21st by 2025 – 19th by 2030 – 17th

RESULTS 2015 North Carolina – ranked 29th.

2013: North Carolina tied for 21st rank with Idaho.

2015: North Carolina tied for 29th rank with Rhode Island and Missouri.

North Carolina is not making progress on this goal. (In the original plan, North Carolina was ranked 22nd. But was actually tied for 21st and was 22nd only because Idaho is alphabetically first.)



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21

29


Public University and Community College Tuition RatesVISION 2030 – Maintain one of the lowest tuition rates nationally for public community colleges and universities.

GOAL Consistent top 5 state nationally.

RESULTS 2016–17 – Public 4-year college tuition ranked 9th nationally. 2016–17 – Community College tuition ranked 5th nationally.

North Carolina is meeting this goal during a volatile time for public higher education costs and remains one of the lowest cost higher education states in the country. This ranking does not reflect overall affordability, since most tuitions are rising, it just shows relative position.

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North Carolina Public 4-Year College Tuition National Ranking

North Carolina Community College Tuition National Ranking

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2013-14 2013-142014-15 2014-152015-16 2015-162015-16 2015-16


Community College Graduation RatesVISION 2030 – Increase community college graduation or certificate rates by 15% by 2030.

GOAL In 2013, 19.3% of students who started in Fall 2010 graduated (includes post-secondary certificate) in 3 years, or 150% of the time. This is the most recent information available.

by 2020 – 5% increase by 2025 – 10% increase by 2030 – 15% increase


Source: National Student Clearinghouse Research Center

No new data has been released to measure this goal.

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University Graduation RatesVISION 2030 – Increase university graduation rates by 9% by 2030.

GOALS At time of Vision 2030 launch – In 2013, 61.2% of students who started in Fall 2007 graduated in 6 years, or 150% of the time. North Carolina ranked 14th. by 2020 – 3% increase by 2025 – 6% increase by 2030 – 9% increase

RESULTS In 2016, 61.4% of students who started Fall of 2010 graduated in 6 years. North Carolina ranked 7th.

While North Carolina’s graduation rate for public university’s percentage did not change significantly, our relative position improved compared to other states. Rates continue to vary greatly between institutions. The Statistical Abstract for 2015-16 is not yet available.

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Source: The Chronicle of Higher Education, College Completion & National Student Clearninghouse Research Center


% o

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60%

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40%

30%

20%

10%

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61.2% 61.4%


Population with Post High School Degree or CredentialVISION 2030 – Increase the number of North Carolina adults with a post high school degree or credential to 60%.

GOALS At time of Vision 2030 launch – 36.5% of North Carolina adults over age 25 had a post high school degree (AA, BA, Graduate & Professional).

RESULTS 2015 – 37.3% of North Carolina adults over age 25 had a post high school degree (AA, BA, Graduate & Professional).

In 2013, North Carolina public universities and community colleges awarded 18,655 certificates. In 2014, North Carolina public universities and community colleges awarded 22,217 certificates. This is the most recent data available. Source: NCES “Statistical Abstract for Higher Education 2014-15”

We could not find a standard source that counts adults with a post high school credential for all states. It seems clear that the number of credentials is rising, up 19% between 2013-2014, but new information lags several years. 2015 data should be available later this year.

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LACK OF NEW DATA

Source: U.S. census Bureau. 2017. Accessed through American Factfinder


% o

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80%

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40%

30%

20%

10%

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36.5%

2014 2015

37.3%


Postsecondary Science, Technology, Engineering & Math Degrees

VISION 2030 – Increase number of STEM BA degrees by 10%.

GOALS At time of Vision 2030 launch – 2013 STEM completions per 1,000 students enrolled was 23.1. by 2020 – 3% increase by 2025 – 7% increase by 2030 – 10% increase

RESULTS 2015 North Carolina STEM completions per 1,000 students enrolled was 26.3, a 13.8% increase in the completion rate.

Progress is clearly happening, but data on this specific goal is difficult. The best information available is from EMSI Modeling data. This report provided the completions per 1,000 enrolled students, but not specific numbers.

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Source: Economic Modeling Specialists International (EMSI). 2016. Dashboard uses same sources of NCES and US Census through the National Science Foundation, where 2013 is latest available


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22.4 23.125.3 26.3

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10


Legal ClimateVISION 2030 – Obtain and maintain a top 10 ranking for legal climate and fairness of litigation environment, improving from the 2012 State of Liability System Survey** ranking of 20th.

GOALS At time of Vision 2030 launch – North Carolina was ranked as 20th. by 2020 – 16th rank by 2025 – 13th rank by 2030 – 10th rank

RESULTS 2017 State of Liability System Survey ranked North Carolina 33rd.

North Carolina’s legal climate continues to improve and is currently among the best nationally. However, as other states push aggressively to be more competitive, they are impacting North Carolina’s ranking.

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Source: Institute for Legal Reform. 2017. “Legal Climate Overall Rankings by State.” **The State of Liability System Survey is published by the Institute for Legal Reform


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LOSING GROUND


Regulatory Climate

VISION 2030 – Secure a number one ranking from Forbes for regulatory climate.

GOALS At time of Vision 2030 launch – North Carolina was ranked as 2nd. by 2020 – 1st rank by 2025 – 1st rank by 2030 – 1st rank

RESULTS 2016 Forbes Best-States-For-Business, Regulatory Climate ranked North Carolina 9th.

In 2017, North Carolina ranked 9th behind IN, VA, UT, NE, FL, SC, GA and TN. Although NC has dropped from 2nd to 9th, it does not reflect a worsening of North Carolina’s specific climate, just our relative position.

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NO PROGRESS TO GOAL


Source: Forbes Best-States-For-Business. “Regulatory Climate Overall Rankings by State.”

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Unemployment RateVISION 2030 – Maintain a state unemployment rate below the national average.

GOALS At time of Vision 2030 launch – North Carolina’s 2013 annual unemployment rate was 7.9% compared to the US unemployment rate of 7.4%.

RESULTS North Carolina’s 2016 annual unemployment rate is 5.1% compared to the US unemployment rate of 4.9%.

While North Carolina’s rate has been reduced significantly from 2013 (7.9%) to 2016 (5.2%), it remains slightly above the national average.

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SOME PROGRESS

Source: Bureau of Labor Statistics (BLS). 2017. “Local Area and State Unemployment.”


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2013 2014 2015 2016

7.9%

6.3%5.7%

5.1%

12%

11%

10%

9%

8%

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6%

5%

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3%

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NC US

7.4%

6.2%5.3%

4.9%


Business Share of State and Local Taxes

VISION 2030 – Continue to have a top 10 lowest business share of state and local taxes, based on Ernst and Young’s annual assessment.

GOALS At time of Vision 2030 launch – North Carolina was ranked 5th for FY 2014 with 38.8% business share of state and local taxes.

RESULTS NC was ranked 5th for FY 2016 with 38.2% business share of state and local taxes.

North Carolina has maintained its top 5 position and has seen the percentage of business state and local taxes reduced slightly.

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FY FY 2014 2014FY FY 2015 2015

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Source: Ernst and Young “Total State and Local Business Taxes”

5

38.2%


Union MembershipVISION 2030 – Maintain state’s #1 position as the state with lowest union membership percentage.

GOALS At time of Vision 2030 launch – North Carolina was ranked 1st for 2014 with 1.2% union membership as a percentage of private employment.

RESULTS NC was ranked 2nd for 2016 with 1.7% union membership as a percentage of private employment. South Carolina was ranked 1st with 0.8%.

North Carolina’s union percentage rose slightly and the state is now ranked as second lowest behind South Carolina.

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CURRENTLY NUMBER 2

Source: UnionStats.com 2017. Barry Hirsch, Georgia State University. “Union Membership and Coverage Database from the Current Population Survey: Note,”


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14%

12%

10%

8%

6%

4%

2%

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2014 2015 2016

1.2%1.8% 1.7%


Average Compensation Per Job

VISION 2030 – Increase average compensation per job in excess of annual inflation rate.

GOALS At time of Vision 2030 launch – North Carolina average compensation per job was $55,385 in 2013.

RESULTS NC average compensation grew 7.04% from 2013 to 2016, while inflation grew 3.56%.

Average compensation per job continues to grow. Although growth from 2015 to 2016 did not exceed the inflation rate, the three year growth in average compensation of 7.04% was about double the three year inflation rate of 3.56%.

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STRONG PROGRESS

Source: US Bureau of Economic Analysis (BEA). 2017. “Compensation of Employees by NAICS Industry” and US Bureau of Labor Statistics. 2017. “CPI Inflation Calculator”

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$55,385

$57,154

$58,613

$80,000

$70,000

$60,000

$50,000

$40,000

$30,000

$20,000

$10,000

0

14%

12%

10%

8%

6%

4%

2%

0%

2013-2014 2014-2015

0.76% 0.73%

Annual Comp/Empl

Inflation

2016 2015-2016

$59,286

3.1% 2.8%2.07%

1.1%


Real GDP Per CapitaVISION 2030 – Be above the national average for real gross domestic product per capita.

GOALS At time of Vision 2030 launch – North Carolina GDP per capita in 2014 was $43,372 while US GDP per capita in 2014 was $49,253. North Carolina GDP per capita was 88.1% of US GDP per capita for 2014. by 2020 – close the gap by 1/3 by 2025 – close the gap by 2/3 by 2030 – close the gap

RESULTS NC GDP per capita in 2016 was $44,325 while US GDP per capita in 2016 was $50,577. North Carolina GDP per capita was 87.6% of US GDP per capita for 2016.

North Carolina has lost ground, slightly, since 2014.

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Source: Bureau of Economic Analysis (BEA). 2017. “Per Capita Real GDP by State.”


NC

GD

P pe

r cap

ita

NC

GD

P pe

r cap

ita a

s %

of U

S

LOSING GROUND

2014 2015 2016 2014 2015 2016

$43,372 $44,096 $44,325

$80,000

$70,000

$60,000

$50,000

$40,000

$30,000

$20,000

$10,000

0

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

88.1% 87.9% 87.6%


Per Capita Personal Income

VISION 2030 – Be a top 20 state for per capita personal income growth.

GOALS At time of Vision 2030 launch – North Carolina per capita personal income was $39,388.

RESULTS 2015 to 2016 per capita personal income growth of 3% is ranked 18th.

North Carolina’s income growth is among the top 20 states, meeting the 2030 goal.

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Per c

apita

per

sona

l inc

ome

STRONG PROGRESS

Source: Bureau of Economic Analysis (BEA). 2017. “Personal Income Summary”

2014 2015

2218

0

5

10

15

20

25

30

35

40

45

50

$80,000

$70,000

$60,000

$50,000

$40,000

$30,000

$20,000

$10,000

0

2014 2015

2016

$39,388 $40,790$42,002


STRONG PROGRESSPersonal Income

VISION 2030 – Increase the amount of personal income by more than $5 billion annually.

GOALS At time of Vision 2030 launch – North Carolina total personal income was $391.3 billion.

RESULTS From 2014 – 2016 total North Carolina personal income grew by $34.9 billion to $426.2 billion.

North Carolina has exceeded this goal by a large margin.

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Source: Bureau of Economic Analysis (BEA). 2017. “Personal Income Summary”

NC

tota

l per

sona

l inc

ome

in b

illio

n $

2014 2015 2016

$391.3 $409.3$426.2

$500

$450

$400

$350

$300

$250

$200

$150

$100

$50

$0


Exports

VISION 2030 – Expand state exports above the national average.

GOALS At time of Vision 2030 launch – 2013 North Carolina exports were 6.9% of GDP and US exports were 10.3% – a gap of 3.4%.

RESULTS In 2016 North Carolina exports were 6.7% of GDP and US exports were 8.9%, a gap of 2.2%.

United States exports have decreased as a percentage of GDP. North Carolina’s has decreased, but just slightly. The result is that the gap has been narrowed and the 2030 goal is being met. Measuring real growth in exports would be a complementary assessment better reflect the goal.

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Per c

apita

per

sona

l inc

ome

SOME PROGRESS

Source: US Census and US Bureau of Economic Analysis

2013 2014 2015 2016

$29,304 $31,291 $30,018 $29,939

$225,000

$200,000

$175,000

$150,000

$125,000

$100,000

$75,000

$50,000

$25,000

2013 2014

2015 2016

6.9% 7.3%6.8% 6.7%

20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0%

10.3% 10.3%9.4% 8.9%

NC

US


STRONG PROGRESSHigh Tech Employment

VISION 2030 – Increase the overall percentage of high-tech employment by 20%.

GOALS At time of Vision 2030 launch – 2014 North Carolina High-Tech employment was 228,698, 5.63% of total employment. by 2020 – 6.00% by 2025 – 6.40% by 2030 – 6.75%

RESULTS In 2016 High-Tech employment grew to 245,701 and was 5.82% of total employment.

North Carolina technology jobs are among the fastest growing in the United States and we are well on the way to meeting the 2030 goal.

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Source: North Carolina Technology Association

Tota

l hig

h-te

ch e

mpl

oym

ent

2014 20142015 2015

228,638 239,687 245,701

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

0

5.64% 5.76%5.83%

20%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0%Hig

h-te

ch e

mpl

oym

ent a

s pe

rcen

t of t

otal

em

ploy

men

t

2016 2016


Research and Development Funding Per Worker

VISION 2030 – Improve state ranking for total R&D per worker to top 15 nationally.

GOALS At time of Vision 2030 launch – 2012 total R&D per worker was $454 and was ranked 24th. by 2020 – 21st ranking by 2025 – 18th ranking by 2030 – 15th ranking

RESULTS 2013 total R&D per worker was $410 and was ranked 27th. This is the latest data available.

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Although information is dated, no progress can be shown yet.


Source: National Science Foundation. “Science and Engineering Indicators 2016”

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e Ra

nkin

g (1

=bes

t)

Tota

l R&

D p

er w

orke

r

2012 2013 2012 2013

2427

0

5

10

15

20

25

30

35

40

45

50

$454 $410

$5,000

$4,000

$3,000

$2,000

$1,000

$0

LACK OF NEW DATA


Business-Performed Research and DevelopmentVISION 2030 – Improve to top 10 business-performed R&D as a percentage of private industry output.

GOALS At time of Vision 2030 launch – 2013 North Carolina ranked 16th (tied with Illinois) with 2.01%. by 2020 – 12th ranking by 2025 – 11th ranking by 2030 – 10th ranking

RESULTS 2013 is the latest data available.

NSF data usually lags several years, the latest available from 2016 reflects 2013 data. By going back to 2011, we can show some progress is being made.

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Source: National Science Foundation. 2016. “Science & Engineering Indicators: 2016.”

2011 2012 2013

21 22

16

0

5

10

15

20

25

30

35

40

45

50

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e Ra

nkin

g (1

=bes

t)

LACK OF NEW DATA


Technology Licenses and Options

VISION 2030 – Improve to top 3 technology licenses and options executed from universities.

GOALS At time of Vision 2030 launch – 2012 North Carolina ranked 6th with 291. by 2020 – 5th ranking by 2025 – 4th ranking by 2030 – 3rd ranking

RESULTS 2015 North Carolina ranked 8th with 394.

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LOSING GROUND

North Carolina lost a little ground, not significant, between 2012 and 2015. Our numbers have been improving, but our relative ranking has dropped slightly.


Source: Association of University Technology Managers (AUTM). 2016. “Statistics Access for Tech Transfer (STATT) Database.”

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e Ra

nkin

g (1

= b

est)

0

5

10

15

20

25

30

35

40

45

50

645

2012 2013 2014 2015

8


North Carolina continues to be a top 10 state with progress possible in the coming years.

Start-Ups from UniversitiesVISION 2030 – Improve to top 5 ranking start-ups from universities.

GOALS At time of Vision 2030 launch – 2012 North Carolina ranked 8th with 27. by 2020 – 6th ranking by 2025 – 5th ranking by 2030 – 4th ranking

RESULTS 2015 North Carolina ranked 7th with 36.

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SOME PROGRESS


Source: Association of University Technology Managers (AUTM). 2016. “Statistics Access for Tech Transfer (STATT) Database.

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= b

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0

5

10

15

20

25

30

35

40

45

50

8 75

2012 2013 2014 2015

7


Patents Issued

VISION 2030 – Improve to top 10 ranking in patents issued.

GOALS At time of Vision 2030 launch – 2013 North Carolina ranked 13th with 3,143 patents. by 2020 – 12th ranking by 2025 – 11th ranking by 2030 – 10th ranking

RESULTS 2015 – North Carolina ranked 13th with 3,354 patents.

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No change in rankings during the first two years, although North Carolina patents have risen during the period.


Source: US Patent and Trademark Office. 2017. “Number of Patents Granted by State.”

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0

5

10

15

20

25

30

35

40

45

50

13 1313

2013 2014

SOME PROGRESS

2015


Good progress has been made toward the goal during the first few years.

Venture CapitalVISION 2030 – Improve to top 15 in venture capital funding per $1 million GDP.

GOALS At time of Vision 2030 launch – 2013 North Carolina ranked 25th with $571 of venture capital per million $ of GDP. by 2020 – 18th ranking by 2025 – 16th ranking by 2030 – 14th ranking

RESULTS 2015 – North Carolina ranked 16th with $1,353 of venture capital per million $ of GDP.

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SOME PROGRESS


Source: National Venture Capital Association. 2016. “NVCA Yearbook 2015.” Dashboard uses same date from National Science Foundation report issued every two years.

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0

5

10

15

20

25

30

35

40

45

50

25

16

22

2013 2014 2015


Entrepreneurs Per 100,000 People

VISION 2030 – Improve to top 15 in average number of entrepreneurs per 100,000 people.

GOALS At time of Vision 2030 launch – 2014 North Carolina ranked 29th in rate of new entrepreneurs. by 2020 – 20th ranking by 2025 – 17th ranking by 2030 – 15th ranking

RESULTS 2017 – North Carolina ranked 15th in rate of new entrepreneurs per 100,000 people (tied with New Jersey and Oregon).

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Significant progress has been made toward this goal.


Source: Kauffman Foundation. “Index of Startup Activity State Trends: Rate of New Entrepreneurs”

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0

5

10

15

20

25

30

35

40

45

50

29

19

1511

2014 2015 20162017

STRONG PROGRESS


No new information exists yet. North Carolina has made generational reforms to transportation funding since 2013. A new report is expected in the next couple years.

RoadsVISION 2030 – Raise NC’s road grade on the ASCE Infrastructure Report Card from a “C” to a “B”.

GOALS At time of Vision 2030 launch – 2013 NC’s road grade was “C”

RESULTS 2013 is the most recent report.

Source: ASCE Infrastructure Report Card

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LACK OF NEW DATA


Significant progress has been made toward this goal. To allow state comparisons, FHA standardized the numbers that were used.

Structurally Deficient BridgesVISION 2030 – Reduce the percentage of bridges deemed structurally deficient to below the national average.

GOALS At time of Vision 2030 launch – 2013 North Carolina had 12.7% structurally deficient bridges and the US average was 10.5%, a gap of 2.2%.

RESULTS 2016 – North Carolina had 9.9% structurally deficient bridges and the US average was 9.1%, a gap of 0.8%.

STRONG PROGRESS


Source: Federal Highway Administration (FHA). 2017. “Deficient Bridges by State and Highway System.”

Perc

enta

ge o

f defi

cien

t brid

ges

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2013 2014 2015 2016

12.7% 12.1% 11.5%9.9%

10.5% 10.0% 9.6% 9.1%

25%

20%

15%

10%

5%

0%

NC US


Although data is from two years ago, commute time has increased slightly. Due to the concentration of new jobs in urban counties, it is likely that commuting from rural to urban will negatively impact this goal in the coming years. This data is based on a periodic survey. More reliable data is only collected during the 10-year census.

Commuting TimeVISION 2030 – Maintain current average commute time of 23.7 minutes.

GOALS At time of Vision 2030 launch – 2014 North Carolina average commute time was 23.7 minutes.

RESULTS 2015 North Carolina average commute time was 23.9 minutes. This is the most recent available data.

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MAINTAINING POSITION


Source: U.S. Census Bureau. 2017. Accessed through American Factfinder.

Com

mut

e tim

e in

min

utes

2014 2015

23.7 23.9

35

33

31

29

27

25

23

21

19

17

15


Good progress has been achieved in recent years. The policy discussions are now moving toward the speed available, the cost in more rural areas and the numbers that use available service.

Broadband AccessVISION 2030 – Achieve 100% broadband access.

GOALS At time of Vision 2030 launch – 2014 North Carolina had 85.5% of population with broadband access.

RESULTS 2015 – North Carolina had 93% of population with broadband access.


Source: Federal Communications Commission. “2016 Broadband Progress Report”

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2014 2015

85.5%93%

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

STRONG PROGRESS


There has been little change in the past three years. This reflects the average price, but does not reflect the difference in energy costs between types of users.

**Southeastern states are AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, LA

Electrical Energy CostsVISION 2030 – Reduce average North Carolina electrical energy costs to the average of Southeastern** states.

GOALS At time of Vision 2030 launch – 2013 North Carolina average electrical cost, all sectors, was 9.24 cents per KwH.

RESULTS 2016 – North Carolina average electrical cost, all sectors, was 9.25 cents per KwH. Southeastern states average electrical cost was 8.99 cents per KwH.

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Source: US Energy Information Administration. “Average Retail Price of Electricity”

Aver

age

cost

of e

lect

ricity

cen

ts p

er K

wH

2013 2014 2015 2016

12

11

10

9

8

7

6

5

NC SE US

LIMITED PROGRESS

9.24

8.939.22 9.14 8.99

9.33 9.37 9.25


Limited progress has been made since 2013. While there is growth, it has yet to reach 3% annually. Growth varies significantly between airports.

Airport EnplanementsVISION 2030 – Increase airport enplanements by 3% annually.

GOALS At time of Vision 2030 launch – 2013 North Carolina annual airport enplanements were 28,028,678 at the 10 North Carolina primary commercial airports.

RESULTS 2016 – North Carolina annual airport enplanements were 29,125,810, an increase of 3.9% over three years.


Source: Federal Aviation Administration (FAA). 2017. “Passenger Boarding (Enplanement) at Commercial Service Airports”

% C

hang

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airp

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nem

ents

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2013-2014 2014-2015 2015-2016

1.4%

0.1%

2.4%

3%

2%

1%

0%

LIMITED PROGRESS


Progress has not been made on this goal. Federal data was used to normalize the information available for all ports.

NC PortsVISION 2030 – Increase the goods handled by North Carolina Ports by 4% annually.

GOALS At time of Vision 2030 launch – 2013 North Carolina ports handled 10,204,142 tons of total trade.

RESULTS 2015 – North Carolina ports handled 8,212,759 tons of total trade, a decrease of 19.5%.

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Source: U.S. Army Corps of Engineers, Waterbone Commerce Statistics Center

Goo

ds h

andl

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thou

sand

s of

tons

LOSING GROUND

2013 2014 2015

10,204

8,512 8,213

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

701 Corporate Center Drive, Suite 400 Raleigh, NC 27607

919-836-1400 ncchamber.net/foundation

north carolina vision 2030 progress assessment€¦ · north carolina’s net new jobs from 2014 to...

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