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November 29, 2000
<br />
<br />7 Report No. 217-II
<br /> Cabarrus County
<br />
<br />Maior New Announcements/Additions
<br /> Cabarms County has experienced substantial industrial and commercial development in recent
<br />years. Since 1999, the County has had over 288 businesses to expand ex/sting facilities or open new
<br />facilities which represented an investment of over $750 million and created some 2,260 new jobs. Some
<br />of the largest announcements are as follows:
<br />
<br />Major new announcements
<br />· Owens Corning $12,956,280 investment 90 jobs
<br />· Southeastern Packaging 22,000,000 investment 15 jobs
<br />· Hawthorne Suites 5,000,000 investment 15 jobs
<br />· Sleep Inn 4,000,000 investment 30 jobs
<br />· Spring Hill Suites 4,200,000 investment 30 jobs
<br />
<br />Major expansions
<br />· Owens Corning $550,000,000 investment 500 jobs
<br />· Builder's First 6,000,000 investment 70 jobs
<br />· Sysco Food Service 10,000,000 investment 60 jobs
<br />· Lowes Motor Speedway 17,987,000 investment n/a
<br />
<br />Unemployment Rates
<br />
<br />Period Cabarrus Co. N C U S
<br />August 2000 3.0% 3.5% 4.1%
<br />July 2000 2.8% 3.5% 4.2%
<br />June 2000 2.6% 3.6% 4.2%
<br />1999 (Avg.) 2.0% 3.2%
<br />1998 (Avg.) 2.4% 3.5%
<br />
<br />Population Trends
<br />
<br /> Population Growth.
<br />1970 74,629
<br />1980 85,895 15.10%
<br />1990 98,935 15.18%
<br />1999 (est.) 125,051 26.40%
<br />
<br />Gross Retail Sales
<br />
<br /> Sales Growth
<br />1996-97 $1,169,358,665
<br />1997-98 1,287,732,589 10.12%
<br />I998-99 1,459,803,933 13.36%
<br />1999-00 1,747,742,931 19.72%
<br />
<br />Construction Permits and Values
<br /> # of Units Total Value
<br /> 1995-96 1,781 $ 193,427,942
<br /> 1996-97 2,354 329,079,431
<br /> 1997-98 1,609 255,101,608
<br /> 1998-99 3,523 376,293,482
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