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Cabarrus Roots is a Business Retention and Expansion program, a vital component of an <br />-14 economic development strategy. Existing customers are the best and most <br />C IRBROUC reliable resource to gauge and understand the state of the local economy and to identify <br />7 workforce issues and barriers to growth. <br />December Visit <br />Cardinal Logistics: A third -party transportation company, headquartered in <br />Kannapolis, provides customized logistic solutions to clients throughout the United <br />States. The local facility employs more than 200 people. <br />Seventeen (17) businesses and various resource partners were visited throughout Cabarrus County as an end of year <br />appreciation. Response from business owners was high for more expansions and jobs in 2014. <br />14 <br />12 <br />14 <br />3 <br />6 <br />4 <br />2 <br />a <br />t -L \ e t , A N � 4- Q t Q, to k e ,, t \ \ e 4- e 1,1 � e t O x 4- e <br />t i c y{ c w e r 4 s t �, <br />w �a �„4 1 ��� G am. °' e c ,a`�� qR -0 ��,� �� ��c �� 0V � 4 �a ��� � ��� ��� �� 1 �.� ��a � t ��ro 4 4 �.� J �, 3 ,� � ry a , <br />�� oc e °e o� o o� ❑` Q� F��� -*� <br />The current unemployment rate for Cabarrus County is the lowest since the summer of 2008. It is suspected that the <br />rate is falling due to changes to the state's unemployment system, additional seasonal hiring and the fact that job <br />seekers are dropping out of the workforce altogether. It will be interesting to see if the national unemployment rate <br />follows the lead of North Carolina if federal funding for unemployment benefits is not extended. <br />Noteworthy News <br />• Collaborating with the Silverman Group for a date on the ground- <br />breaking for the announced 400,000 sq. ft. speculative building. <br />• Patrick Coughlin will join Chamber as President /CEO as of February 1, <br />2014. <br />Upcoming Events: <br />1/6/14 Lunch and Tour with Randy Holloway, Town of Mount Pleasant <br />1/15/14 Babson Capital Economic Forum <br />2/10/14 Emerging Issues Forum, Teachers & the Great Economic Debate, <br />Raleigh, NC <br />Cabarrus Economic Development Team <br />12 Resource Partners <br />18 Existing Industry Visits <br />10 Municipalities <br />4 Events <br />Bank <br />1 Charlotte Regional Partnership <br />1 Project Site Visit <br />Margie Bukowski, Senior Vice President of Economic Development, mbukowski @cabarrus.biz, 704 - 260 -8107 <br />Anna Lu Wilson, Vice President of Business Services, awilson @cabarrus.biz, 704 - 260 -8109 <br />Samantha Grass, Existing Industry Specialist, sgrass @cabarrus.biz, 704 - 260 -8108 <br />3003 Dale Earnhardt Blvd, Suite 2, Kannapolis, NC 28083 Attachment number 1 <br />1 -2 Page 160 <br />CabarrusCounty /a Unemployment, December 2007 -Present <br />