Leland Gardens Development by slappers

est. 2019

Economic & Community Development

Leland is located in northern Brunswick County, one of the fastest-growing areas of the state and recently ranked the 28th fastest growing county in the country by the U.S. Census Bureau. Leland consists of over 20 square miles and is west of the Brunswick River and only seven miles from the Port of Wilmington. It is also 20-30 minutes from beautiful beaches, and just five to ten minutes from downtown Wilmington. Lelandâ&#x20AC;&#x2122;s geographically desirable area and proximity to other beach towns provides residents with a rare combination of a small town atmosphere, while giving them access to the culture, amenities, and entertainment of more metropolitan areas. The Town leadership is committed to support economic growth and expansion in the community through its streamlined permitting process and shovel-ready commercial sites. Leland has signed on national tenants such as Walmart, Aldi, Lidl, and Chick-fil-a, among many others. One of the biggest testaments to Lelandâ&#x20AC;&#x2122;s recent growth is the acquisition of a Chick-fil-a. They are an incredibly influential company and an anchor tenant in a class of their own, and bringing them onboard always requires more detailed data than the average retailer. This additional data showed that more and more people from surrounding areas are crossing the Cape Fear River to shop, now that causeway is fully open. The towns growth can be attributed to a number of factors, including the causeway and the Interstate 140 bypass, but also to other changing forces within Leland. The low taxes, direct access to interstate transportation, growing workforce, and overall lower cost of living, make it a prime destination for future growth and development.

Leland Gardens * Approximately 10 miles from Wilmington International Airport (15 minute Drive) * Approximately 10 Miles from University of North Carolina Wilmington * Approximately 7 Miles from Cape Fear Community College * Within the Leland Town Center site, a 60 Acre shopping center with 250,000 square feet of commercial space * Residential areas are growing at a rate of 7-8% per year

Approx. 15 min drive Cape Fear Community College Approx. 7 Miles

Approx. 15 min drive

Section Description 1 Contruction Overhead Mobile Office Generator Storage Container Trash Removal Porta Johns Water Supervisor Power Rental Lifts Fuel Diesel Subtotal 2

4 5 6 7

Projected Cost $ $ $ $ $ $ $ $ $ $ $

18,000.00 36,000.00 20,000.00 55,000.00 25,000.00 70,000.00 67,000.00 62,000.00 85,000.00 75,000.00 513,000.00

Site Work Grading and Turning Lane Domestic Water Storm Water Sanitary Sewer Sidwalks Erosion Control Curb and Gutter Paving - Stone Pavement Marking and Signage Mobilization Construction Staking/Inspections Widing Road Frontage Permitting (8K/ building) Survey Engineering Contingency Landscaping/Hauling Dirt/Stone Subtotal

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

355,000.00 240,000.00 287,000.00 297,000.00 175,000.00 345,000.00 245,000.00 450,000.00 55,000.00 75,000.00 55,000.00 350,000.00 298,400.00 90,000.00 200,000.00 289,000.00 3,806,400.00

Administrative Architect Water Permits Sewer Permits Legal-Closing Marketing Building Risk Insurance - Worker Comp. Appraisal Construction Interest Developer Commission Inspection Fees Subtotal

$ $ $ $ $ $ $ $ $ $ $ $

96,000.00 306,000.00 544,000.00 97,000.00 57,000.00 50,000.00 42,000.00 600,000.00 450,000.00 75,000.00 85,000.00 2,402,000.00

Pool (32,000 Gallon) Clubhouse (Furniture, Fitness, Office Supplies) Gates, Landscaping, Fencing, Sign Land

$ $ $ $

250,000.00 450,000.00 220,000.00 2,565,000.00

Small Building Cost Surveyor Slabs (Footings, Concrete) Termite Treatment Cyperete Veneer Accessories Veneer Stone Veneer Labor Veneer Cleaning Crane Rental Framing Labor Framing Lumber Extras Strapping Cabinets & Kitchen Tops Door Installation Alumninum Railings Insulation Roofing Materials Roofing Labor Siding Siding Labor Gutters / Downspouts Finish Hardware Drywall Nails Drywall Labor Hack Channel Vinyl Flooring and Labor Carpet and Labor Paint and Labor Shutter and Outside Fixtures Mailboxes Appliances HVAC Plumbing Electrical Fire Protection System City water hook up Stucco Look Final Cleanup Units Final Cleanup Exterior Stair Cases Subtotal Total for 5 Small Buildings

$ 2,300.00 $ 122,000.00 $ 2,400.00 $ 31,000.00 $ 2,900.00 $ 42,000.00 $ 28,000.00 $ 1,000.00 $ 3,200.00 $ 98,000.00 $ 260,000.00 $ 16,000.00 $ 62,000.00 $ 16,600.00 $ 26,000.00 $ 24,000.00 $ 19,000.00 $ 16,000.00 $ 32,000.00 $ 41,000.00 $ 3,400.00 $ 24,000.00 $ 44,000.00 $ 5,600.00 $ 43,000.00 $ 6,000.00 $ 14,000.00 $ 28,000.00 $ 26,000.00 $ 6,500.00 $ 2,300.00 $ 36,000.00 $ 124,000.00 $ 158,000.00 $ 94,000.00 $ 55,000.00 $ 24,000.00 $ 9,800.00 $ 3,500.00 $ 2,500.00 $ 27,000.00 $1,582,000.00 $7,910,000.00

Large Building Cost Surveyor Slabs (Footings, Concrete) Termite Treatment Cyperete Veneer Accessories Veneer Stone Veneer Labor Veneer Cleaning Crane Rental Framing Labor Framing Lumber Extras Strapping Cabinets & Kitchen Tops Door Installation Alumninum Railings Insulation Roofing Materials Roofing Labor Siding Siding Labor Gutters / Downspouts Finish Hardware Drywall Nails Drywall Labor Hack Channel Vinyl Flooring and Labor Carpet and Labor Paint and Labor Shutter and Outside Fixtures Mailboxes Appliances HVAC Plumbing Electrical Fire Protection System City water hook up Stucco Look Final Cleanup Units Final Cleanup Exterior Stair Cases Subtotal Total for 5 Large Buildings

$ 2,300.00 $ 122,000.00 $ 2,400.00 $ 31,000.00 $ 3,200.00 $ 42,000.00 $ 28,000.00 $ 1,000.00 $ 3,200.00 $ 102,000.00 $ 260,000.00 $ 17,000.00 $ 64,000.00 $ 22,000.00 $ 27,000.00 $ 28,000.00 $ 20,000.00 $ 17,000.00 $ 32,000.00 $ 41,000.00 $ 3,400.00 $ 25,000.00 $ 48,000.00 $ 6,000.00 $ 44,000.00 $ 7,000.00 $ 14,000.00 $ 34,000.00 $ 28,000.00 $ 6,500.00 $ 2,300.00 $ 38,000.00 $ 132,000.00 $ 164,000.00 $ 94,000.00 $ 60,000.00 $ 24,000.00 $ 10,400.00 $ 3,500.00 $ 2,500.00 $ 29,000.00 $1,640,700.00 $8,203,500.00

Assumption Property Name Number of units Purchase Price Going in Cap Rate

Debt Loan Amount Interest Rate Amortization Monthly Payment

Leland Gardens 240 $26,319,900 5.5%

Rent Roll Type 1 bd/1ba 1bd/1ba 2bd/2ba 2bd/2ba 3bd/2ba Total

$21,055,920 5.5% 360 months $119,553.20

Units 30 30 60 90 30 240

Residual Value Terminal Rate Selling Cost

Monthly Rent $950 $975 $1,100 $1,150 $1,300 $266,250

5.5% 1.5%

Year 1 0% $3,195,000 $54,000 $3,000 $3,252,000

Year 2 2% $3,250,913 $54,945 $3,053 $3,308,910

Year 3 2% $3,250,913 $55,907 $3,106 $3,309,925

Year 4 2% $3,307,803 $56,885 $3,160 $3,367,849

Year 5 2% $3,365,690 $57,880 $3,216 $3,426,786

Year 6 2% $3,424,590 $58,893 $3,272 $3,486,755

Year 7 2% $3,484,520 $59,924 $3,329 $3,547,773

Year 8 2% $3,545,499 $60,973 $3,387 $3,609,859

Year 9 2% $3,607,545 $62,040 $3,447 $3,673,032

Year 10 Year 11 2% 2% $3,670,677 $3,734,914 $63,125 $64,230 $3,507 $3,568 $3,737,310 $3,802,712

Vacancy Rate

7% $227,640 $3,024,360

6% $198,535 $3,110,375

6% $198,595 $3,111,329

5% $168,392 $3,199,456

5% $171,339 $3,255,447

5% $174,338 $3,312,417

5% $177,389 $3,370,384

5% $180,493 $3,429,366

5% $183,652 $3,489,380

5% $186,865 $3,550,444

Inﬂation

0% $15,000 $150,000 $240,000 $60,000 $60,000 $264,000 $65,000 $36,000 $9,600 $6,000 $905,600

2% $15,263 $152,625 $244,200 $61,050 $61,050 $268,620 $66,138 $36,630 $9,768 $6,105 $921,448

2% $15,530 $155,296 $248,474 $62,118 $62,118 $273,321 $67,295 $37,271 $9,939 $6,212 $937,573

2% $15,801 $158,014 $252,822 $63,205 $63,205 $278,104 $68,473 $37,923 $10,113 $6,321 $953,981

2% $16,078 $160,779 $257,246 $64,312 $64,312 $282,971 $69,671 $38,587 $10,290 $6,431 $970,676

2% $16,359 $163,592 $261,748 $65,437 $65,437 $287,923 $70,890 $39,262 $10,470 $6,544 $987,662

2% $16,646 $166,455 $266,329 $66,582 $66,582 $292,961 $72,131 $39,949 $10,653 $6,658 $1,004,946

2% $16,937 $169,368 $270,989 $67,747 $67,747 $298,088 $73,393 $40,648 $10,840 $6,775 $1,022,533

2% $17,233 $172,332 $275,732 $68,933 $68,933 $303,305 $74,677 $41,360 $11,029 $6,893 $1,040,427

2% 2% $17,535 $17,842 $175,348 $178,417 $280,557 $285,467 $70,139 $71,367 $70,139 $71,367 $308,613 $314,013 $75,984 $77,314 $42,084 $42,820 $11,222 $11,419 $7,014 $7,137 $1,058,635 $1,077,161

Net Operating Income Capex Cash Flow from Operations

$2,118,760 $60,000 $2,058,760

$2,188,927 $61,050 $2,127,877

$2,173,756 $62,118 $2,111,638

$2,245,475 $63,205 $2,182,270

$2,284,771 $64,312 $2,220,460

$2,324,755 $65,437 $2,259,318

$2,365,438 $66,582 $2,298,856

$2,406,833 $67,747 $2,339,086

$2,448,953 $68,933 $2,380,020

$2,491,809 $70,139 $2,421,670

Debt Service Before Tax Cash Flow

$1,434,638 $624,122

$1,434,638 $693,239

$1,434,638 $676,999

$1,434,638 $747,632

$1,434,638 $785,821

$1,434,638 $824,679

$1,434,638 $864,217

$1,434,638 $904,447

$1,434,638 $945,381

$1,434,638 $987,032

Income

Inﬂation

Rent Other Income Recoveries Potential Gross Income

Vacancy Eﬀective Gross Income Expenses Marketing Payroll Repairs and Maintenance Management Insurance Prop. Taxes Utilities Lawncare Pool Service Misc. Operating Expenses

Risk Loan Balance Debt Coverage Ratio Debt Yield Returns

Year 0

Year 1 ($20,772,278) 1.48X 10.20%

Year 0 ($26,319,900)

Year 1

Year 2

$624,122

$693,239

$624,122 7.82%

$624,122

Purchase Cash Flow from Operations Sale Selling Costs Total Unlevered Cash Flow ($26,319,900) Free and Clear Return 8.51% Unlevered IRR 7.98% Unlevered Equity Multiple 2.03X Purchase -$26,319,900 Loan Funding $21,055,920 Before Tax Cash Flow Sale Loan Payoﬀ Selling Cost Total Levered Cash Flow $ (5,263,980) $ Cash on Cash Return 15.30% 26.2% Levered Equity Multiple 6.85X Summary of Risk Returns Unlevered IRR Unlevered Equity Multiple Levered IRR Levered Equity Multiple

7.98% 2.03X 26.2% 6.85X

Year 2 Year 3 ($20,472,636) ($20,156,092) 1.53X 1.52X 10.69% 10.78%

624,122 $ 11.86%

Year 4

Year 5

Year 6

$676,999

$747,632

$785,821

$824,679

$693,239 8.08%

$676,999 8.02%

$747,632 8.29%

$785,821 8.44%

$693,239

$676,999

$747,632

$785,821

693,239 $ 13.17% Levered IRR

Year 3

Year 4 Year 5 Year 6 ($19,821,693) ($19,468,431) ($19,095,242) 1.57X 1.59X 1.62X 11.33% 11.74% 12.17%

676,999 $ 12.86%

Avg. Free and Clear Return Avg. Cash on Cash Min. Debt Service Coverage Ratio Min. Debt Yield

747,632 $ 14.20%

8.51% 15.30% 1.48X 10.20%

785,821 $ 14.93%

Year 7 Year 8 Year 9 ($18,701,002) ($18,284,524) ($17,844,553) 1.65X 1.68X 1.71X 12.65% 13.16% 13.72% Year 8

Year 9

Year 10

$864,217

$904,447

$945,381

$824,679 8.58%

$864,217 8.73%

$904,447 8.89%

$945,381 9.04%

$987,032 $46,098,471 ($691,477) $46,394,026 9.20%

$824,679

$864,217

$904,447

$945,381

824,679 $ 15.67%

Year 7

Year 10 ($17,379,765) 1.74X 14.34%

864,217 $ 16.42%

904,447 $ 17.18%

$987,032 $46,098,471 ($17,379,765) ($691,477) 945,381 $ 29,014,261 17.96% 18.75%

5% $190,136 $3,612,577

$2,535,416

Weddington Hills of Concord LLC

Economic Overview Brunswick County, North Carolina

November 5, 2019

Demographic Profile The population in Brunswick County, North Carolina was 122,586 per American Community Survey data for 20132017. The region has a civilian labor force of 53,100 with a participation rate of 50.9%. Of individuals 25 to 64 in Brunswick County, North Carolina, 24.6% have a bachelor’s degree or higher which compares with 32.3% in the nation. The median household income in Brunswick County, North Carolina is $51,164 and the median house value is $194,700. Summary1 Percent Brunswick County, North Carolina

Value

North Carolina

Brunswick County, North Carolina

USA

North Carolina

USA

Demographics Population (ACS)

—

122,586

10,052,564

321,004,407

Male

48.5%

48.7%

49.2%

59,412

4,895,368

158,018,753

Female

51.5%

51.3%

50.8%

63,174

5,157,196

162,985,654

—

51.9

38.4

37.8

Under 18 Years

16.8%

22.8%

22.9%

20,579

2,289,682

73,601,279

18 to 24 Years

5.5%

9.7%

6,687

978,834

31,131,484

25 to 34 Years

9.6%

13.1%

13.7%

11,744

1,318,591

44,044,173

35 to 44 Years

10.3%

13.0%

12.7%

12,658

1,302,261

40,656,419

45 to 54 Years

12.0%

13.7%

13.4%

14,726

1,376,492

43,091,143

55 to 64 Years

17.8%

12.7%

21,784

1,271,767

40,747,520

65 to 74 Years

19.3%

9.0%

8.6%

23,618

904,811

27,503,389

8.8%

6.1%

6.3%

10,790

610,126

20,229,000

Race: White

83.5%

69.0%

73.0%

102,379

6,937,466

234,370,202

Race: Black or African American

10.6%

21.5%

12.7%

13,028

2,159,427

40,610,815

Race: American Indian and Alaska Native

0.5%

1.2%

0.8%

575

117,998

2,632,102

Race: Asian

0.6%

2.7%

5.4%

779

269,164

17,186,320

Race: Native Hawaiian and Other Pacific Islander

0.1%

0.2%

123

6,393

570,116

Race: Some Other Race

2.5%

3.1%

4.8%

3,105

310,920

15,553,808

Race: Two or More Races

2.1%

2.5%

3.1%

2,597

251,196

10,081,044

Hispanic or Latino (of any race)

4.7%

9.1%

17.6%

5,816

914,792

56,510,571

—

136,744

10,383,620

327,167,434

2.8%

1.1%

0.7%

3,349

107,417

2,307,347

Labor Force Participation Rate and Size (civilian population 16 years and over)

50.9%

62.1%

63.3%

53,100

4,923,307

161,159,470

Prime-Age Labor Force Participation Rate and Size (civilian population 25-54)

80.8%

81.3%

81.6%

31,567

3,206,706

103,761,701

Armed Forces Labor Force

0.1%

1.2%

0.4%

96,524

1,024,855

Veterans, Age 18-64

7.3%

6.0%

4.9%

4,927

372,125

9,667,749

Median Age2

75 Years, and Over

Population Growth Population (Pop Estimates)4 Population Annual Average

Growth4

Economic

Veterans Labor Force Participation Rate and Size, Age 18-64

68.5%

75.0%

75.8%

3,377

279,081

7,326,514

Median Household Income2

—

$51,164

$50,320

$57,652

Per Capita Income

—

$29,707

$28,123

$31,177

Summary1 Percent Brunswick County, North Carolina

Value

North Carolina

Brunswick County, North Carolina

USA

North Carolina

USA

Poverty Level (of all people)

14.1%

16.1%

14.6%

17,129

1,579,871

45,650,345

Households Receiving Food Stamps/SNAP

13.1%

13.7%

12.6%

6,942

532,402

15,029,498

Mean Commute Time (minutes)

—

24.2

24.3

26.4

0.4%

1.0%

5.1%

208

47,903

7,607,907

No High School Diploma

11.5%

11.4%

7,005

608,201

19,230,541

High School Graduate

27.2%

24.5%

26.0%

16,560

1,293,258

43,784,920

Some College, No Degree

25.5%

22.4%

21.2%

15,548

1,178,254

35,803,629

Associate's Degree

11.2%

10.1%

9.0%

6,796

529,904

15,199,517

Bachelor's Degree

17.1%

20.7%

20.5%

10,415

1,093,315

34,602,913

7.5%

10.7%

11.8%

4,588

566,179

19,917,735

Total Housing Units

—

84,702

4,521,697

135,393,564

Median House Value (of owner-occupied units)2

—

$194,700

$161,000

$193,500

3.2%

2.0%

1.7%

1,346

52,732

1,346,331

Commute via Public Transportation Educational Attainment, Age 25-64

Postgraduate Degree Housing

Homeowner Vacancy Rental Vacancy

14.6%

7.1%

6.1%

2,107

105,022

2,838,344

Renter-Occupied Housing Units (% of Occupied Units)

22.8%

35.0%

36.2%

12,121

1,356,450

42,992,786

4.0%

6.1%

8.8%

2,122

235,559

10,468,418

0.9%

1.3%

1.4%

1,129

132,898

4,437,324

Occupied Housing Units with No Vehicle Available (% of Occupied Units) Social Enrolled in Grade 12 (% of total population) Disconnected

Youth3

2.2%

3.0%

2.7%

15,769

456,548

Children in Single Parent Families (% of all children)

39.6%

36.3%

34.5%

7,351

787,773

24,106,567

With a Disability, Age 18-64

14.3%

11.6%

10.3%

9,579

704,954

20,276,199

With a Disability, Age 18-64, Labor Force Participation Rate and Size

36.3%

38.6%

41.4%

3,474

272,402

8,395,884

Foreign Born

4.2%

7.8%

13.4%

5,098

787,971

43,028,127

Speak English Less Than Very Well (population 5 yrs and over)

2.1%

4.7%

8.5%

2,482

440,876

25,654,421

Source: JobsEQ® 1. American Community Survey 2013-2017, unless noted otherwise 2. Median values for certain aggregate regions (such as MSAs) may be estimated as the weighted averages of the median values from the composing counties. 3. Disconnected Youth are 16-19 year olds who are (1) not in school, (2) not high school graduates, and (3) either unemployed or not in the labor force. 4. Census 2018, annual average growth rate since 2008

Employment Trends As of 2019Q2, total employment for Brunswick County, North Carolina was 37,073 (based on a four-quarter moving average). Over the year ending 2019Q2, employment increased 2.2% in the region.

Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2018Q4 with preliminary estimates updated to 2019Q2.

Unemployment Rate The seasonally adjusted unemployment rate for Brunswick County, North Carolina was 5.4% as of September 2019. The regional unemployment rate was higher than the national rate of 3.7%. One year earlier, in September 2018, the unemployment rate in Brunswick County, North Carolina was 5.3%.

Unemployment rate data are from the Local Area Unemployment Statistics, provided by the Bureau of Labor Statistics and updated through September 2019.

Wage Trends The average worker in Brunswick County, North Carolina earned annual wages of $39,638 as of 2019Q2. Average annual wages per worker increased 4.6% in the region over the preceding four quarters. For comparison purposes, annual average wages were $57,025 in the nation as of 2019Q2.

Annual average wages per worker data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2018Q4 with preliminary estimates updated to 2019Q2.

Cost of Living Index The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power. The cost of living is 5.3% lower in Brunswick County, North Carolina than the U.S. average. Cost of Living Information Annual Average Salary

Cost of Living Index (Base US)

US Purchasing Power

Brunswick County, North Carolina

$39,638

94.7

$41,850

North Carolina

$50,577

91.9

$55,057

USA

$57,025

100.0

$57,025

Source: JobsEQ® Data as of 2019Q2 Cost of Living per C2ER, data as of 2019q2, imputed by Chmura where necessary.

Industry Snapshot The largest sector in Brunswick County, North Carolina is Retail Trade, employing 5,766 workers. The next-largest sectors in the region are Health Care and Social Assistance (5,042 workers) and Accommodation and Food Services (4,902). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Utilities (LQ = 6.64), Arts, Entertainment, and Recreation (1.99), and Real Estate and Rental and Leasing (1.61).

Sectors in Brunswick County, North Carolina with the highest average wages per worker are Utilities ($116,529), Management of Companies and Enterprises ($61,482), and Finance and Insurance ($59,661). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Retail Trade (+894 jobs), Accommodation and Food Services (+871), and Health Care and Social Assistance (+496). Over the next 1 year, employment in Brunswick County, North Carolina is projected to expand by 669 jobs. The fastest growing sector in the region is expected to be Educational Services with a +3.0% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Health Care and Social Assistance (+133 jobs), Retail Trade (+87), and Accommodation and Food Services (+86).

Current NAICS

Industry

Empl

Avg Ann Wages

5-Year History LQ

Empl Change

1-Year Forecast

Ann %

Total Demand

Exits

Transfers

Empl Growth

Ann % Growth

Retail Trade

5,766

$25,884

1.49

894

3.4%

860

342

432

1.5%

Health Care and Social Assistance

5,042

$45,354

0.95

496

2.1%

611

235

243

133

2.6%

Accommodation and Food Services

4,902

$17,862

1.47

871

4.0%

884

353

445

1.8%

Construction

3,119

$44,536

1.47

456

3.2%

374

111

198

2.1%

Public Administration

2,522

$48,089

1.45

361

3.1%

269

134

1.4%

Administrative and Support and Waste Management and Remediation Services

2,372

$31,858

0.99

435

4.1%

322

117

158

2.0%

Educational Services

2,190

$38,363

0.72

0.7%

270

106

3.0%

Manufacturing

1,559

$55,670

0.51

218

3.1%

174

103

0.7%

Other Services (except Public Administration)

1,505

$32,198

0.93

253

3.7%

197

1.7%

Arts, Entertainment, and Recreation

1,478

$21,770

1.99

-130

-1.7%

237

115

1.9%

Professional, Scientific, and Technical Services

1,417

$54,917

0.57

-58

-0.8%

152

2.1%

Utilities

1,270

$116,529

6.64

1.5%

120

0.4%

Real Estate and Rental and Leasing

1,032

$40,496

1.61

-74

-1.4%

115

0.9%

Transportation and Warehousing

978

$43,013

0.59

310

7.9%

116

1.2%

Wholesale Trade

619

$54,881

0.44

-90

-2.7%

1.1%

Finance and Insurance

578

$59,661

0.40

-2

-0.1%

1.5%

Agriculture, Forestry, Fishing and Hunting

378

$43,642

0.76

-25

-1.3%

1.3%

Information

320

$57,162

0.44

-102

-5.4%

0.2%

Mining, Quarrying, and Oil and Gas Extraction

$43,473

0.12

27.9%

0.4%

Management of Companies and Enterprises

$61,482

0.01

2.7%

1.7%

37,073

$39,638

1.00

3,994

2.3%

4,742

1,746

2,327

669

1.8%

Total - All Industries

Source: JobsEQ® Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2018Q4 with preliminary estimates updated to 2019Q2. Forecast employment growth uses national projections adapted for regional growth patterns.

Occupation Snapshot The largest major occupation group in Brunswick County, North Carolina is Food Preparation and Serving Related Occupations, employing 5,013 workers. The next-largest occupation groups in the region are Sales and Related Occupations (4,534 workers) and Office and Administrative Support Occupations (4,441). High location quotients (LQs) indicate occupation groups in which a region has high concentrations of employment compared to the national average. The major groups with the largest LQs in the region are Building and Grounds Cleaning and Maintenance Occupations (LQ = 1.65), Food Preparation and Serving Related Occupations (1.57), and Construction and Extraction Occupations (1.40). Occupation groups in Brunswick County, North Carolina with the highest average wages per worker are Management Occupations ($84,800), Computer and Mathematical Occupations ($78,100), and Architecture and Engineering Occupations ($77,700). The unemployment rate in the region varied among the major groups from 1.9% among Healthcare Practitioners and Technical Occupations to 10.0% among Farming, Fishing, and Forestry Occupations. Over the next 1 year, the fastest growing occupation group in Brunswick County, North Carolina is expected to be Education, Training, and Library Occupations with a +2.9% year-over-year rate of growth. The strongest forecast by number of jobs over this period is expected for Food Preparation and Serving Related Occupations (+95 jobs) and Sales and Related Occupations (+66). Over the same period, the highest separation demand (occupation demand due to retirements and workers moving from one occupation to another) is expected in Food Preparation and Serving Related Occupations (916 jobs) and Sales and Related Occupations (681). Occupation Snapshot in Brunswick County, North Carolina, 2019q21 Current

5-Year History

SOC

Occupation

Empl

35-0000

Food Preparation and Serving Related

5,013

$22,700

1.57

557

7.8%

350

736

3.2%

1,011

404

512

1.9%

41-0000 Sales and Related

4,534

$30,300

1.23

387

6.3%

388

482

2.3%

747

309

372

1.5%

Office and 43-0000 Administrative Support

4,441

$33,900

0.84

314

4.7%

194

303

1.4%

576

242

280

1.2%

2,414

$39,000

1.40

242

7.3%

346

3.1%

308

168

2.0%

Building and Grounds 37-0000 Cleaning and Maintenance

2,098

$26,700

1.65

196

7.0%

379

4.1%

316

128

148

1.9%

Healthcare 29-0000 Practitioners and Technical

2,095

$75,800

0.99

1.9%

137

251

2.6%

169

2.3%

11-0000 Management

1,901

$84,800

0.83

2.3%

121

189

2.1%

190

1.9%

Transportation and 53-0000 Material Moving

1,882

$33,400

0.73

194

6.4%

143

291

3.4%

264

140

1.4%

Installation, 49-0000 Maintenance, and Repair

1,830

$44,500

1.28

3.5%

201

2.4%

206

114

1.5%

47-0000

25-0000

Construction and Extraction

Education, Training, and Library

Unempl

Unempl Rate

Online Job Ads3

Empl Change

1-Year Forecast

Avg Ann Wages2

Ann %

Total Demand

Exits

Transfers

Empl Growth

Ann % Growth

1,800

$52,400

0.87

4.0%

0.2%

223

2.9%

51-0000 Production

1,573

$43,500

0.71

111

4.6%

226

3.1%

184

111

0.7%

Personal Care and 39-0000 Service

1,480

$23,900

0.91

135

6.2%

143

2.1%

294

129

2.4%

1,240

$64,600

0.64

3.6%

107

1.8%

138

1.8%

31-0000 Healthcare Support

1,205

$29,600

1.18

4.2%

1.1%

182

2.8%

33-0000 Protective Service

1,036

$37,100

1.29

3.3%

1.3%

122

1.6%

13-0000

Business and Financial Operations

Occupation Snapshot in Brunswick County, North Carolina, 2019q21 Current

5-Year History

1-Year Forecast

SOC

Occupation

Empl

Avg Ann Wages2

Unempl

Unempl Rate

Online Job Ads3

Empl Change

Ann %

Total Demand

Exits

Transfers

Empl Growth

Ann % Growth

21-0000

Community and Social Service

572

$46,500

0.93

3.0%

3.7%

2.8%

Arts, Design, 27-0000 Entertainment, Sports, and Media

471

$42,400

0.72

4.0%

1.5%

1.7%

17-0000

Architecture and Engineering

452

$77,700

0.72

2.8%

1.8%

1.7%

15-0000

Computer and Mathematical

450

$78,100

0.41

2.9%

118

0.0%

1.8%

23-0000 Legal

207

$76,700

0.67

2.3%

1.3%

1.8%

Life, Physical, and Social 19-0000 Science

190

$68,400

0.65

3.1%

2.6%

1.8%

188

$32,400

0.79

10.0%

n/a

-13

-1.3%

1.1%

37,073

$40,500

1.00

2,746

5.2%

2,074

3,994

2.3%

5,225

1,980

2,576

669

1.8%

45-0000

Farming, Fishing, and Forestry Total - All Occupations

Source: JobsEQ® Data as of 2019Q2 unless noted otherwise Note: Figures may not sum due to rounding. 1. Data based on a four-quarter moving average unless noted otherwise. 2. Wage data are as of 2018 and represent the average for all Covered Employment 3. Data represent found online ads active within the last thirty days in the selected region; data represents a sampling rather than the complete universe of postings. Ads lacking zip code information but designating a place (city, town, etc.) may be assigned to the zip code with greatest employment in that place for queries in this analytic. Due to alternative county-assignment algorithms, ad counts in this analytic may not match that shown in RTI (nor in the popup window ad list). Occupation employment data are estimated via industry employment data and the estimated industry/occupation mix. Industry employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and currently updated through 2018Q4, imputed where necessary with preliminary estimates updated to 2019Q2. Wages by occupation are as of 2018 provided by the BLS and imputed where necessary. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.

Industry Clusters A cluster is a geographic concentration of interrelated industries or occupations. The industry cluster in Brunswick County, North Carolina with the highest relative concentration is Coal/Oil/Power with a location quotient of 4.26. This cluster employs 1,306 workers in the region with an average wage of $111,506. Employment in the Coal/Oil/Power cluster is projected to expand in the region about 0.4% per year over the next ten years.

Location quotient and average wage data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics, imputed where necessary, and updated through 2018Q4 with preliminary estimates updated to 2019Q2. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.

Education Levels Expected growth rates for occupations vary by the education and training required. While all employment in Brunswick County, North Carolina is projected to grow 1.8% over the next ten years, occupations typically requiring a postgraduate degree are expected to grow 2.6% per year, those requiring a bachelor’s degree are forecast to grow 2.2% per year, and occupations typically needing a 2-year degree or certificate are expected to grow 2.0% per year.

Employment by occupation data are estimates are as of 2019Q2. Education levels of occupations are based on BLS assignments. Forecast employment growth uses national projections from the Bureau of Labor Statistics adapted for regional growth patterns.

Gross Domestic Product Gross Domestic Product (GDP) is the total value of goods and services produced by a region. In 2018, nominal GDP in Brunswick County, North Carolina expanded 2.0%. This follows growth of 3.8% in 2017. As of 2018, total GDP in Brunswick County, North Carolina was $4,083,896,000.

Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2018.

Of the sectors in Brunswick County, North Carolina, Real Estate and Rental and Leasing contributed the largest portion of GDP in 2018, $817,469,000 The next-largest contributions came from Utilities ($798,713,000); Health Care and Social Assistance ($333,151,000); and Manufacturing ($302,725,000).

Gross Domestic Product data are provided by the Bureau of Economic Analysis, imputed by Chmura where necessary, updated through 2018.

FAQ What is a location quotient? A location quotient (LQ) is a measurement of concentration in comparison to the nation. An LQ of 1.00 indicates a region has the same concentration of an industry (or occupation) as the nation. An LQ of 2.00 would mean the region has twice the expected employment compared to the nation and an LQ of 0.50 would mean the region has half the expected employment in comparison to the nation. What is separation demand? Separation demand is the number of jobs required due to separations—labor force exits (including retirements) and turnover resulting from workers moving from one occupation into another. Note that separation demand does not include all turnover—it does not include when workers stay in the same occupation but switch employers. The total projected demand for an occupation is the sum of the separation demand and the growth demand (which is the increase or decrease of jobs in an occupation expected due to expansion or contraction of the overall number of jobs in that occupation). What is a cluster? A cluster is a geographic concentration of interrelated industries or occupations. If a regional cluster has a location quotient of 1.25 or greater, the region is considered to possess a competitive advantage in that cluster. What is the difference between industry wages and occupation wages? Industry wages and occupation wages are estimated via separate data sets, often the time periods being reported do not align, and wages are defined slightly differently in the two systems (for example, certain bonuses are included in the industry wages but not the occupation wages). It is therefore common that estimates of the average industry wages and average occupation wages in a region do not match exactly. What is NAICS? The North American Industry Classification System (NAICS) is used to classify business establishments according to the type of economic activity. The NAICS Code comprises six levels, from the “all industry” level to the 6-digit level. The first two digits define the top level category, known as the “sector,” which is the level examined in this report. What is SOC? The Standard Occupational Classification system (SOC) is used to classify workers into occupational categories. All workers are classified into one of over 820 occupations according to their occupational definition. To facilitate classification, occupations are combined to form 23 major groups, 96 minor groups, and 449 occupation groups. Each occupation group includes detailed occupations requiring similar job duties, skills, education, or experience.

About This Report This report and all data herein were produced by JobsEQ®, a product of Chmura Economics & Analytics. The information contained herein was obtained from sources we believe to be reliable. However, we cannot guarantee its accuracy and completeness.

Future Town Projects Milestone timeline Brunswick Forest Intersection Improvement A project to add a turn lane, an acceleration lane, and signalize the intersection of Brunswick Forest Parkway and Low Country Boulevard. The scope includes: the addition of approximately 1,019 square yards of new asphalt pavement, demolition and removal of approximately 267 square yards of existing asphalt pavement, the installation of signals, mast arms, foundations, and electronics, the installation of handicap ramps, signage, and a pedestrian sanctuary island for increased pedestrian access, the relocation of underground utilities, light poles, and fire hydrants, as required, and the addition of approximately 1,700 linear feet of curb and gutter. Scheduled to be rebid in early 2020.

Cypress Cove Park Improvements A project to construct a direct access road into Cypress Cove Park from Village Road and to make improvements to the park entrance and parking areas. Currently in the engineering design phase.

Leland Greenway A project to construct a multi-use path connecting Westgate Nature Park to Brunswick Nature Park, which is owned and operated by Brunswick County. Currently in the planning stage.

Leland Highway 17 Sewer Expansion II Phase 1 A project to help serve the developing areas along the Highway 17 Corridor with sewer. The project will begin at Hewett Burton Road and end at Bishops Ridge on Hazels Branch Road. The force main will be designed to accept flow from around the area and also additional flow from other lift stations by force main. A recommendation for the construction contract award is being finalized for consideration by Town Council in November.

Leland Highway 17 Sewer Expansion II Phase 2 (Formerly Old Town Creek Lift Station Project) A project to help serve the developing areas along the Highway 17 Corridor with sewer south of Bishops Ridge. The project will begin at Hewett Burton Road and end at Old Town Creek Road. The station on Old Town Creek Road will be designed to accept gravity sewer flow from around the area and also additional flow from other lift stations by forcemain. Bidding planned for early 2020.

Founders Park (Formerly Leland Municipal Park) Founders Park serves as the flagship facility for a myriad of events and program throughout the year. The current design of the park provides a place for walkers and runners to remain physically active and the disc golf course is one of the most popular amenities in the park. The playground also provides enjoyment for youth ages 5-12 years old. A redesign of the park is currently in the design phase.

Lift Station #1 Upgrade (1240 Magnolia Village Way) A project to reconstruct Lift Station #1 which has deteriorated due to significant sewage flow within the collection system. Currently in the design phase.

Lift Station #3 Rehab (8991 Timber Lane) A project to refurbish Lift Station #3 which has deteriorated due to significant sewage flow within the collection system. Field scoping review was held on October 18, 2019. A draft design proposal is under review.

Lift Station #14 Relocation (159 South Navassa Road) A project to relocate Lift Station #14 further away from Sturgeon Creek to mitigate environmental concerns and to provide additional space for the future Sturgeon Creek Park. Currently working to acquire the site.

Old Fayetteville Road Multi-Use Path (STP-DA U-5534D) A project to develop an off-road multi-use path along the north side of Old Fayetteville Road from Town Hall Drive to North Brunswick High School. Currently in the design phase with an outside engineer reviewing the design plans. Staff has submitted the approved Council resolution from October to the WMPO for additional construction funding. The project is expected to be bid by the end of 2019.

Regional Pump Station #33 and Force Main Extensions (Formerly Hewett Burton Lift Station Project) A project to construct a sewer lift station in Brunswick Forest to help serve the developing areas within Brunswick Forest and along the Highway 17 Corridor with sewer. The lift station will be designed to accept additional flow from other lift stations by forcemain. A recommendation for the construction contract award is being finalized for consideration by Town Council in November.

2014 STP-DA Projects U5534 (I,J,K) The projects are intended to construct a sidewalk along Old Fayetteville Road from Ricefield Branch to Leland Middle School, a multi-use path extension along Village Road from the Brunswick County Senior Center to Sturgeon Creek, and a sidewalk loop from Town Hall Drive down Village and Old Fayetteville Roads. Revised plans and estimates were approved by NCDOT on October 17, 2019. Staff has submitted the approved Council resolution from October to the WMPO for additional construction funding.

Sturgeon Creek Park (Navassa Road) The currently undeveloped Sturgeon Creek Park is intended to serve as Lelandâ&#x20AC;&#x2122;s second water access park. With more than 78 acres, this park has the potential to become a destination facility both locally and regionally for sportsman and water lovers wishing to gain access to Sturgeon Creek and the Brunswick River. Sitting on Sturgeon Creek, the focus for this facility will be boating access from a NC Fish and Wildlife boat ramp as well as environmental education, preservation, and nature based activities. Currently in the design phase as well as a Phase II environmental study taking place.

Business Advantages State Taxes

Local Taxes

Corporate Income Tax: 3%

Property Tax

Franchise Tax $1.50 per $1,000 of the largest of the following: Capital stock, surplus, and undivided profits Appraised value of tangible property in NC Actual investments in tangible property in NC

Unemployment Insurance Tax Standard beginning rate is 1.2%. The taxable wage base is $21,400. Minimum rate is 0%; Maximum rate is 6.84%; Average rate is 1.7%

Workers Compensation Index Rate is 1.85 per $100 of payroll Self-insurance is permitted Insurance rates are lower than the standard rates for qualifying firms A clear-cut, on the job accident is a condition for benefit compensation Free-accidentâ&#x20AC;&#x201D;prevention workshops designed for each product manufactured

Sales Tax The combined state and local sales tax for NCSE counties ranges from 6.75% to 7.0%.

Local property taxes range from .4650/$100 valuation to $1.02/$100 valuation Example: taxation on $3,000,000 value of building & equipment

based on .50 tax rate 3,000,000 X .0050 = $15,000 property tax for M&E is aligned with depreciation schedule

Tax Advantages Industrial machinery and equipment is exempt from sales and use tax but is subject to an excise tax. This rate is 1 percent with a maximum of $80 per item. Parts and accessories to manufacturing machinery, which include most supplies used in the manufacturing process but not becoming a part of the manufactured product, including pollution abatement equipment, are taxed at 1 percent. Purchases of ingredients or component parts of manufactured products are exempt from sales or use tax. Packaging containers and items that become part of a manufactured product and are delivered with the product to the customer are exempt from sales and use tax. Air courier services; Aircraft manufacturing; Bioprocessing; Financial services, securities operations and related systems development; Motor vehicle manufacturing; Paper-from-pulp manufacturing; Pharmaceutical and medical manufacturing and distribution; Semiconductor manufacturing; Solar electricity generating materials manufacturing; and Turbine manu facturing companies may receive a refund of sales taxes on purchases of building materials, fixtures and equipment if the facility costs at least $50 million in Tier 1 counties and $100 million in Tier 2 and 3 counties. Sales of electricity to manufacturers and farmers are exempt from sales and use tax. Sales of electricity and eligible business property to an internet datacenter or software publishing datacenter business that invests at least $250 million in private funds are exempt from sales and use tax. Piped natural gas is exempt from sales and use tax but is subject to an excise tax. This tax rate is based on the number of therms of gas consumed in a month. Fuel purchased by a manufacturer for use in connection with the operation of a manufacturing facility is not subject to the privilege tax. Motor vehicles are exempt from sales and use tax but are subject to the highway use tax. Highway use tax is 3 percent of the retail value of the motor vehicle with a maximum tax of $1,500 per recreational vehicle and $1,000 maximum per Class A or B motor vehicles. Aircraft and boats are taxed at 3 percent with a maximum tax of $1,500 per item. Computer software or digital property that becomes a component part of other computer software or digital property is exempt from sales and use tax.

Brunswick County A business environment like no place else. North Carolina’s South East region – Brunswick, Columbus, New Hanover and Pender counties – provides the infrastructure and resources needed to start, expand or relocate a business. While it’s already home to large companies, first-time entrepreneurs, precision manufacturers and high-tech masterminds, it continues to invest in the success of businesses from a variety of industries. Brunswick County and it’s surrounding regional partners offer businesses all the benefits of locating in North Carolina. The state was named No. 1 Lowest State and Local Business Tax Burden by Ernst & Young in 2016. And North Carolina was ranked Top Competitive State by Site Selection in 2017. Brunswick County’s labor pool includes more than 200,000 skilled workers, 30% of whom have at least a four-year college degree. And there are plenty more ready to jump in. In addition to the 14,000 undergraduate and 2,000 graduate students at UNC Wilmington, more than 37,000 students are enrolled at the region’s three community colleges – Southeastern in Whiteville, Brunswick in Bolivia and Cape Fear in Wilmington – which also offer free customized training to businesses.

Brunswick County More people are choosing to live in Brunswick County, where they find a mix of quiet coastline and resource-rich cities and towns. Theyâ&#x20AC;&#x2122;re making it one of the fastest growing places on the east coast. The population of Leland located in Brunswick County, for example, was 17,956 in 2016, according to the Office of State Budget and Management. Thatâ&#x20AC;&#x2122;s almost 33% more than in 2010.

North Carolina Ports Executive Summary The North Carolina State Ports Authority (the Authority) owns and operates two ocean ports on the eastern seaboard: the Port of Wilmington and the Port of Morehead City. This study focused on identifying the current economic contribution of port services for these two publicly-owned ocean ports in North Carolina, both on a statewide and regional level. North Carolina ports contribute approximately $15.4 billion annually to the state’s economy. This contribution is constituted by goods moving through the ports, with $12.9 billion attributed to the Port of Wilmington and $2.5 billion attributed to the Port of Morehead City. The ports directly and indirectly support more than 87,700 jobs across North Carolina, which makes up a substantial portion of the state’s economy. The availability of the Port of Wilmington and the Port of Morehead City plays an important role in the supply chain decisions of companies which currently have operations in North Carolina and those considering locating manufacturing and distribution operations in North Carolina. The economic contribution of the existing deepwater ports in North Carolina foster economic development across the state. Key components of economic contribution, including direct, indirect, and induced contributions to gross revenue (business output), employee compensation, jobs, and tax collections were analyzed. The direct contributions featured in this report were derived from commodity data, and Impact Analysis for Planning (IMPLAN®) multipliers were used to generate estimates of the indirect and induced contributions of activity at the ports, as well as the analysis of tax contributions. IMPLAN® is a widely used software model for economic contribution studies of ports and other transportation assets. In the study period, July 1, 2017 to June 31, 2018, the North Carolina Ports supported $4.3 billion in employee compensation for North Carolina workers. Taxes generated by economic activity through the ports provide additional contributions to local communities and the state of North Carolina. Approximately $687 million in sales, property, corporate, and personal taxes were received by state and local governments due to activity supported by the ports. The Port of Wilmington supported the collection of $193 million in county property taxes, and the Port of Morehead City supported $21 million. Together, the activities at the ports supported $343 million in sales tax collections across the state. Additionally, state corporate and personal taxes of more than $119 million were collected due to activity supported by the Port of Wilmington and the Port of Morehead City.

Cont... North Carolina Ports Contribution: $15.4 B Economic Output to NC 87,700 Jobs Supported in North Carolina $4.3 B Employee Compensation $687 M Local and State tax Revenue

Built for Business Planes, trains and automobiles? Of course — and don’t forget about ships. The simple truth is, Brunswick County and surrounding region is easily accessible from just about anywhere, giving your operations (and your people) an easy way to connect to the transportation grid efficiently and affordably. The Port of Wilmington, for instance, is a deep-water seaport that’s within 700 miles of more than 70% of the U.S. industrial base. Wilmington International Airport (ILM) has direct flights to major east coast markets and connecting service to the world. The area is quickly accessible by interstate highways, and the robust North Carolina rail network includes 2 Class I Railroads and 3 Intermodal terminals. In other words, when you start here you can really go places. ILM International Airport North Carolina Port of Wilmington Carolina Marine Terminal Robust Railway System Access to I-40 and I-74/76 (Source: Choose Cape Fear)

Workforce We’re ready to get the job done — just about any job you have in mind. In fact, North Carolina was named #1 for Workforce Development by Site Selection magazine. There are more than 200,000 skilled workers in Brunswick County and surrounding region, and upwards of 30% of the workforce has at least a four-year degree. All of which means that you (like dozens of well-known regional, national and global companies before you) can count on a steady stream of well-educated, highly motivated employees — eager graduates, innovative entrepreneurs, experienced managers and respected industry leaders. And we offer a broad range of resources to help businesses like yours recruit and retain top-notch executives, scientists and other professionals.

Brunswick County Businesses A&P Hydraulics

Diversified Energy, LLC

Lucid Innovative Technologies

Alganomics LLC

Ecstatic Stone, LLC

Manufacturing Methods, LLC

Alltek, Inc.

ElecMech Inc.

Martin Marietta Materials Inc _ Leland Yard

American Distillation, Inc.

Feller USA

McKee Custom Boats

Amyris

Fleco Attachments

McLamb Fence Company

Analytical Instrumentation Services LLC

Flow Sciences, Inc.

Microsolv Technology Corporation

Archer-Daniels-Midland Company

Gregory Poole Equipment Company CAT

North State Woodcraft, LLC

Atlantic Telephone Membership Corporation

Guy C. Lee Building Materials, LLC

Olam Wood Products, a division of Olam Americas, Inc.

B & B Crane Service, LLC

H.S.M. Machine Works, Inc.

OrthoKinetic Technologies

Bayside Electric Supply of Southport

Horizon Tank

Paper Form Convertis USA

Bolivia Lumber Company

Industrial Pump Service

Precision Time Systems, Inc.

Bradford Products

Inman Management, Inc.

Qrp, Inc.

Brunswick Electric Membership Corporation

ITI Technologies, Inc.

Quality Beverage/Cheerwine

Builders Firstsource- Southeast Group, LLC

Kart Precision Barrel Corp.

Ramco Machine & Pump Service, INC

Cape Fear Airworks

Kindred Kraftsman

Sansha USA

Cape Fear Boat Works

Koppers Utility and Industrial Products Inc. (Cox Industries) Shallotte Electric

Cape Fear Pallet, Inc.

L. M. McLamb & Son Construction Company, Inc.

Source One NC

Capital Power

Lea Steel & Aluminum Welding & Fabrication

Southport Concrete Corp.

Coatings and Adhesives Corporation

Leather Italia, USA

Stone Makers, LLC

Coca Cola Corporation

Leland Machine Shop

Sun & Surf Containers

Cygnus Technologies, LLC

Longley Supply Company

Technical Coating International, Inc.

Workforce Regional Businesses ACME Smoked Fish (Cold Smoked Salmon) Corning (Fiber Optics) Castle Branch (Background Screening) GE-Hitachi (Nuclear Energy) GE Aviation Live Oak Bank (SBA Lending) mimijumi (Design and Innovation) nCino (Banking Tech) New Hanover Regional Medical Center(Healthcare) PPD (Pharmaceutical Development) Radix Bay (IT Solutions) untappd (Technology)

Leland Innovation Park

Key Benefits of the Current Innovation Park

Leland Innovation Park, formerly known as Leland Industrial Park, is a 630-acre campus and home to the largest collection of world-class

Afordable, development-ready land is available

companies in the region. Itâ&#x20AC;&#x2122;s logistically positioned for growth on Highway 74/76 and Interstate 140 in Brunswick County, North Carolina and offers a unique landscape to create tomorrowâ&#x20AC;&#x2122;s business pioneers.

High-speed internet from towers and fiber optics with an in-park ATMC Gigabyte Hub Transit needs are well covered, with an airport and international sea port in close proximity Nearby two 1,200 acre rail certified parks for large industrial prospects Improved highway access (US 74/76, Interstate 140 completion) Comprised of established, world-class companies that are healthy and growing Community college machinist and welding programs close by Located in one of the fastest growing metro areas in the U.S. Surrounded by housing and apartment growth Public water and sewer services Support from the Town of Leland and Brunswick County BID Plans by Leland Innovation Park, Inc. to improve the park as clean and green space Active efforts to unify tenants and property owners

Transportation Access Interstate is a definite economic strength for all types of industry. The region lies within a triangle of interstates â&#x20AC;&#x201C; I-95, I-40, and I-73/74, providing excellent access across the entire half of the United States. North Carolina is currently investing billions of dollars to keep its excellent highway system modern.

Transportation Access Port of Wilmington Designated as Foreign Trade Zone 214 101,000 sq. ft. cold storage facility on-site Rail service provided by CSX Transportation

Airlines Fayetteville, Jacksonville, New Bern and Wilmington offer full, regional air service, including connections via American, Delta and United.

Railroads Many of the region's industrial sites are served by rail. Daily rail service is available at the NC Port of Wilmington for boxcar, tanker and general cargo shipments. Rail providers include:

History of Leland

In the mid 1890’s at the crossroads where Village Road crossed the Wilmington, Columbia, and Augusta Railroad (on the way towards Summerville and Phoenix) there existed a settlement. The name of this settlement became formalized when, in late 1897, Mr. Joseph W. Gay and other area citizens petitioned the U.S. Post Office Department in Washington D.C., for a local Post Office. A list of three names was submitted at this time so that the Post Office Department might have a name from which to choose. The name Leland was chosen. Leland was the name of Mr. Gay’s nephew, Leland Adams. The new Post Office opened on February 10, 1898, with Mr. Joseph Gay as Postmaster. The Post Office was located in a corner of Gay’s General Store. The Leland area was initially settled at the same time the earliest plantations along the Cape Fear and Brunswick Rivers came into existence. Early activity revolved around the Post Office, the school, two grocery stores, the railroad station, Leland Baptist Church, Leland Methodist Church and numerous homes. For many years Leland was one of numerous small unincorporated communities throughout Brunswick Country which served as minor centers of trade throughout the early 20th century. Due to its location adjacent to the Brunswick River, Leland also served as an early transportation center. By modern standards the early roads in the area were primitive. There were ferries in place across the Brunswick River and across the Cape Fear River for travelers going north and south. The Brunswick River received a bridge in 1890, prior to the Cape Fear River. The Brunswick River Causeway, across Eagles Island, was always known as a problem area because of the wetness of the soil and swamps between the two rivers. By 1923 the road from the Brunswick River through Leland had been hard surfaced and was known as State Road 20. Two churches (Woodburn Presbyterian and Woodburn Baptist) were named after the Woodburn family, which was a later subdivision of the Belvedere Plantation (home of William Dry and Governor Benjamin Smith). The Belvedere subdivision forms the nucleus of what is now the incorporated Town of Leland. The Town of Leland was incorporated in 1989. Each year the Town celebrates its incorporation with the Founders' Day celebration on the second Saturday of September. https://www.townofleland.com/community/history-leland