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Draft 1.1 -- Not for Distribution or Circulation <br />It's possible to determine the percentage of businesses in each NAICS sector that is <br />locally owned using Dunn & Bradstreet data. While acquiring this database is an <br />expense beyond the budget of this study, an estimate is possible by looking at recently <br />published data for 2 -digit NAICS industries for North Carolina from the Edward Lowe <br />Foundation (available in www.youreconomy.org). We estimate, in Chart 7 below, that <br />13,644 of the total private workforce of 74,031 — or 18% -- of the workforce is employed <br />by nonresident companies. <br />Chart 7 <br />Employees for Local vs. Nonlocal Business (Private Sector) <br />Employees for <br />NAICS Code NAICS code description Workforce %Nonresident Nonresident Firms <br />11 - -- <br />Forestry, fishing, hunting, and Agriculture Support <br />469 <br />9.20% <br />43 <br />21 - -- <br />Mining and oil and gas extraction <br />63 <br />54.20% <br />34 <br />22 - -- <br />Utilities <br />37 <br />7.30% <br />3 <br />23 - -- <br />Construction <br />7,131 <br />0.00% <br />0 <br />31 - -- <br />Manufacturing <br />6,523 <br />45.80% <br />2,988 <br />42 - -- <br />Wholesale trade <br />2,9131 <br />29.00% <br />845 <br />44 - -- <br />lRetail trade <br />13,567 <br />31.80% <br />4,314 <br />48 - -- <br />Transportation and warehousing <br />1,566 <br />24.60% <br />385 <br />51 - -- <br />Information <br />719 <br />41.90% <br />301 <br />52 - -- <br />Finance and insurance <br />1,571 <br />26.90% <br />423 <br />53 - -- <br />Real estate and rental and leasing <br />4,324 <br />11.30% <br />489 <br />54 - -- <br />Professional, scientific, and technical services <br />3,495 <br />16.80% <br />587 <br />55 - -- <br />Management of companies and enterprises <br />994 <br />1.10% <br />11 <br />56 - -- <br />Administrative and Support and Waste Mang and <br />5,034 <br />10.40% <br />524 <br />61 - -- <br />Educational services <br />1,165 <br />0.00% <br />0 <br />62 - -- <br />Health care and social assistance <br />5,405 <br />7.90% <br />427 <br />71 - -- <br />Arts, entertainment, and recreation <br />5,525 <br />5.60% <br />309 <br />72 - -- <br />Accommodation and food services <br />7,659 <br />22.70% <br />1,739 <br />81 - -- <br />Other services (except public administration <br />5,8711 <br />3.80% <br />223 <br />99 - -- <br />Industries not classified <br />I <br />1 0 <br />Total for all sectors 74,031 13,644 <br />Put another way, 82% of the private workforce is employed by locally owned business. <br />If we added public sector jobs and deem state and local (but not federal) employees <br />"local," about 83% of all workers five in six -- are employed by local businesses or <br />institutions. It suggests that any economic - development policy that focused on one in six <br />employees who is nonlocal may not be wisely directed. <br />z The data are derived from Dun & Bradstreet, which compiles data on every business operating in the state, <br />including their sectors of activities, sales, jobs, and headquarters location. <br />11 <br />Attachment number 1 <br />1 -4 Page 313 <br />