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· · · · · · · · <br /> <br /> ~%KATE~ CABARRUSO(X3NT~CONOMIC DEVELOPMENT(XIqPORATION <br /> <br /> Ah~Vt~tCREPOR~1987 <br /> <br /> Our first full years operation sho~s noted improvement over our <br /> partial startup year of 1986. This gives us Confidence that the programs <br /> adopted in our startup year have headed us in the right direction to meet <br /> the purposes of the corporation which are to promote economic development <br /> and expansion and new and improved employment opportunities beneficial to <br /> all the citizens of Cabarrus County and to seek and attract new and <br /> relocating industry and business while retaining existing industry and <br /> business. <br /> The 1987 results are weighed by some of the follow statistics: <br /> 1. CabarrUS CoUnty employment increased from 12-31-86 to -- <br /> 12-31-87 by 2,716 which is an increase of 5.4% and <br /> giving us a Work force of 53,910. <br /> 2. Building permits issued during 1987 were $65,219,168.00, <br /> which was an increase of $11,775,164.00 or 22% over 1986. <br /> When looking at the breakdown of these figures it is <br /> quite interesting to note that industrial buildings in <br /> 1987 were right at $2,700,000.O0'and in 1986 they were <br /> just Under $500,000.00. The one negative in these <br /> numbers is the continuing large dollar amoUnt of building <br /> permits issued for residential structures. This amount is <br /> over 70% of the total which leads us toward a bedroom <br /> co~munity'and this could mean higher taxes if we do not <br /> increase our density on smell acreages with industrial <br /> growth. The one positive note about this number is that <br /> the 71% of the total in 1987 was down from 73.3% of the <br /> total in 1986. <br /> <br /> ? <br /> <br /> <br />