STATE OF THE ECONOMY
PRESENTED BY
Be the top mid-sized city in the Southeast. Be the best place to raise a family. Be a more equitable community.
BY 2030, WE WILL…
METRIC MEASUREMENT TREND NEW JOB CREATION TOTAL POPULATION HIGH SCHOOL GRADUATION RATE MEDIAN HOUSEHOLD INCOME 760 (2022) 378,499 (Forsyth County) 85.5% (2020-21) $52,607 TRACKING OUR PROGRESS
WINSTONSALEM.COM/INSIGHTS
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NC Area
...··• 2020
Total Population 1,500,000 1.250,000 1,000,000 750,000 500,000 250,000 1990
Poin:,
Sources: US Census Bureau,· US Census Bureau ACS 5-year
SOURCE: US CENSUS BUREAU 62.3% 59% 56.4% 51.5% FORSYTH GUILFORD MECKLENBURG WAKE 62% 64% 70.9% 70.2% FORSYTH GUILFORD MECKLENBURG WAKE 38 37 35 36 AVERAGE AGE WORKFORCE PARTICIPATION OWNER-OCCUPIED HOUSING ACROSS NORTH CAROLINA FORSYTH GUILFORD MECKLENBURG WAKE
OF FORSYTH COUNTY POPULATION IS YOUNG TALENT Post War Baby Boomers Gen X Millennials Gen Z +50% 119K PROJECTED 10-YR POPULATION GROWTH 7% GROWTH SINCE 2010 3.4% UNEMPLOYMENT 0 2,000 4,000 SOURCE: ACS, US CENSUS BUREAU GSO/HIGH POINT, NC CHARLOTTE, NC RALEIGH, NC NEW YORK METRO ASIA 2.7% ANNUAL EMPLOYMENT GROWTH 9.7% PROJECTED POPULATION GROWTH RATE NATIONAL POPULATION GROWTH RATE 7.3% 6,000 SOURCE: BLS
COST OF LIVING: #1 MOST IMPORTANT FACTOR IN LOCATION DECISIONS TALENT WARS, DCI 2022 SPERLING’S BEST PLACES, COST OF LIVING INDEX 0 25 50 75 100 125 Winston-Salem, NC Richmond, VA Charlotte, NC Raleigh, NC Atlanta, GA COST OF LIVING 81.3 96.1 99.7 102.4 109.4 Washington, DC 150.6 150
8 FOLLOW UP 10 VISIT 5 DUE DILIGENCE 41 INITIAL RFI 6 ANNOUNCEMENTS ACTIVE PROJECTS BY INDUSTRY PROJECT PIPELINE ADVANCED MFG FOOD & BEVERAGE HEALTHCARE & LIFE SCI AVIATION/AEROSPACE HQ/BUSINESS 99 EXISTING INDUSTRY VISITS YTD 70 ACTIVE PROJECTS IN PIPELINE
