STATE OF THE ECONOMY
PRESENTED BY
BY 2030, WE WILL…
Be the top mid-sized city in the Southeast.
Be a more equitable community.
Be the best place to raise a family.
2022 BY THE NUMBERS
BY 2030, WE WILL…
TRACKING OUR PROGRESS
METRIC MEASUREMENT TREND
NEW JOB CREATION TOTAL POPULATION HIGH SCHOOL GRADUATION RATE MEDIAN HOUSEHOLD INCOME 1,019 (2022) 389,157 (Forsyth County) 85.5% (2020-21) $56,830
MBE GRANTS
•ABEL FLORES MASONRY, INC.
•ABLE TRANSPORATION SERVICES
•CLEAN AND CLEAR RESIDENTIAL CLEANING SERVICE
•CREANDO FAMILIAS FELICES
•DESIGN EDGE
•DIGNITY JUSTIFIED
•DOVE INNER CITY NOTARY
•DOVE’S INNER BEAUTY
•ELJEAN TRANSPORT INC.
•FLORES CRUZ MASONRY CORP.
•GENTILEESE PLACE – BAILEY PRESCHOOL
•INFINITY CARE
•LANDAMUR INC.
•LITTLE GIFTS LEARNING ACADEMY
•ONDREA DIGNITY PRODUCTS INC.
•RUBYG’S BUTTERCREME SENSATIONS
•SANDRA’S FAMILY CHILD CARE
•SHERMAN’S DROP IN, INC.
•TEAM J CONSTRUCTION
•TOTAL ENTERPRISE MAJOREL
•WINSTON-SALEM TEES
2022 $223,000 21 BUSINESSES 2021 $219,715 17 BUSINESSES 2020 $229,000 21 BUSINESSES 2022
SOURCES: WALLETHUB, LIVABILITY 2023 #13 BEST CITIES TO START A BUSINESS #1 BEST CITY FOR BUSINESS COSTS 15 ENTREPRENEURIAL CITIES TOP
RECENT RANKINGS WINSTON-SALEM
BEST CITIES
WINSTON-SALEM DESIRABILITY 5.4 SOURCE: US NEWS & WORLD REPORT, 2023 OVERALL RATING 6.4 VALUE 7.7 JOB MARKET 5.6 QUALITY OF LIFE 6.7 NET MIGRATION 6.3 41 OVERALL RANKING
16 FOR AFFORDABILITY
MILKEN INSTITUTE
WINSTON-SALEM
BEST PERFORMING LARGE CITIES: YEARLY RANKINGS
122 2021 96 2022 82 2023
SOURCE: MILKEN INSTITUTE, 2023
OPPORTUNITIES 46 WAGE GROWTH 40 HOUSING AFFORDABILITY HIGH AVERAGES 136 SHORT-TERM JOB GROWTH 135 BROADBAND ACCESS LOW AVERAGES 82 OVERALL 142 ONE-YEAR HIGH TECH GDP GROWTH 76 # HIGH TECH INDUSTRIES WITH LQ>1
MILKEN INSTITUTE, 2023
SOURCE:
79 45 11
ACTIVE PROJECTS IN THE PIPELINE
PROJECT PIPELINE ADVANCED MFG FOOD & BEVERAGE
HEALTHCARE & LIFE SCI AVIATION/AEROSPACE
HQ/BUSINESS
12 4
3 4
53 INITIAL RFIS 7 PHASE 2 16 VISITS 2 DUE DILIGENCE 2 ANNOUNCED
ACTIVE PROJECTS BY INDUSTRY OTHER
ECONOMIC DEVELOPMENT
2023 YTD 2020-2022 PIPELINE POTENTIAL JOBS 64 1,500 20,000 INVESTMENT $42M $499M $12B
WORKFORCE DEVELOPMENT
CO-LOCATED HUB CAREER PATHWAYS
UNIFIED ACCESS
INCREASED PARTICIPATION IN WORKFORCE DEVELOPMENT PROGRAMS
INCREASED COMMUNITY AWARENESS
INCREASED EMPLOYER ENGAGEMENT
SUSTAINABLE TALENT PIPELINE
ARPA FUNDING BY FORSYTH COUNTY
REACHING TALENT
354,100 IMPRESSIONS 126,580 IMPRESSIONS 951,842 IMPRESSIONS
369K NEW YORK 265K RALEIGH 254K CHARLOTTE 80K ATLANTA JAN-MAY 2023
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