FayettevilleCumberland Economic Development Action Plan Project Steering Committee

Fayetteville-Cumberland Economic Development Action Plan Project Steering Committee Meeting March 14, 2008 © 2005

Agenda • Project Team and Overview • Introductions • Beyond Fayetteville Futures – Trends since 2001 • Steering Committee Expectations • Next Steps © 2005

Project Team • Project Manager: Chris Beacham, RTS, Inc. Project Director: Will Lambe, UNC-SOG Faculty Advisor: Jonathan Morgan, UNC-SOG • • • Inder Nijhawan, FSU, School of Business & Economics Joe Mullis, Fayetteville Tech Community College Kathleen Gurley, FSU, School of Business & Economics Lewis Hershey, FSU, School of Business & Economics Dan Broun, RTS, Inc. Lydian Altman-Sauer, Public Intersection Project, UNC-SOG Margaret Henderson, Public Intersection Project, UNC-SOG Sylvia Pate, Center for Economic, Community Development, UNC-Pembroke Brent Lane, UNC Kenan-Flagler Business School Jason Jolley, UNC Kenan-Flagler Business School © 2005

Introductions • Name • What is (are) your role(s) in the community? • What is your interest in this project/process? © 2005

Project Overview • Revisit and update Greater Fayetteville Futures Project (from 2001) • Produce an economic development action plan for next 3 years (and beyond) • Engage the community in the planning process © 2005

Beyond Fayetteville Futures: Key Trends • Growth • In 2006, Fayetteville was 70 th on Inc. Magazine’s list of country’s busiest boomtowns, up from 202 nd • Multiple local/regional planning efforts • BRAC-RTF • Murchison Road • Military business • Defense Security Technology Accelerator • Military Business Center © 2005

Beyond Fayetteville Futures: Key Trends • Downtown vacancy rate down from 52% (2003) to 28% (2007) • New Organizations & Community Leaders • What else has changed since 2001? • What are the other trends we should take note of as we begin our work? © 2005

Purpose Produce an economic development action plan for next 3 years (and beyond) that will help to position the community for impacts from BRAC and other economic, social and demographic trends © 2005

Steering Committee Expectations What one thing do you want to see come out of this effort? © 2005

Steering Committee Expectations What is one potential challenge or obstacle that we might face in this process (i. e. , pitfalls, landmines)? © 2005

Steering Committee Expectations What is the most important opportunity that this effort will help Cumberland County to take advantage of? © 2005

Steering Committee: Roles and Responsibilities • Local ambassadors for project • Public communication • Oversight/advice as project moves forward • Others? © 2005

Next Steps • Public kick-off meeting • Engage community stakeholders • Schedule/location for monthly steering committee meetings • Last Fridays, 8: 30 AM? • Schedule economic summit • Schedule and commence interviews/focus groups/town hall meetings © 2005