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Agenda - 12-10-2024; 5-a - Public Hearing for 2025-2029 Consolidated Plan for Housing and Community Development Needs
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Agenda - 12-10-2024; 5-a - Public Hearing for 2025-2029 Consolidated Plan for Housing and Community Development Needs
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BOCC
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12/10/2024
Meeting Type
Business
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Agenda
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5-a
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66 <br /> Age <br /> 18-24 yrs 25-34 yrs 35-44 yrs 45-65 yrs 65+yrs <br /> High school graduate,GED,or <br /> alternative 6,199 1,823 2,164 5,888 3,284 <br /> Some college, no degree 13,729 2,779 2,393 4,368 2,169 <br /> Associate's degree 640 975 866 2,445 738 <br /> Bachelor's degree 3,546 5,703 4,038 9,005 2,679 <br /> Graduate or professional degree 342 4,850 5,681 11,391 4,422 <br /> Table 44-Educational Attainment by Age <br /> Educational Attainment—Median Earnings in the Past 12 Months <br /> Educational Attainment Median Earnings in the Past 12 Months <br /> Less than high school graduate 18,520 <br /> High school graduate(includes equivalency) 26,653 <br /> Some college or Associate's degree 32,211 <br /> Bachelor's degree 43,778 <br /> Graduate or professional degree 68,864 <br /> Table 45—Median Earnings in the Past 12 Months <br /> Based on the Business Activity table above, what are the major employment sectors within <br /> your jurisdiction? <br /> The largest employment sector for Orange County is education and health care, with over 50%of jobs in <br /> this sector.This is not surprising as Orange County is home to both UNC-Chapel Hill and UNC Hospitals, <br /> in addition to two school districts serving the youth of the county. <br /> Two other economic sectors have approximately 10%each of total employment: (1) arts, entertainment, <br /> and accommodations, and (2) retail trade. <br /> Describe the workforce and infrastructure needs of the business community: <br /> The three economic sectors with the greatest shortage of workers relative to jobs are education and <br /> healthcare services; other services; and retail trade. As discussed throughout this plan, Orange County <br /> has a shortage of affordable housing units that could accommodate workers in these sectors. <br /> Describe any major changes that may have an economic impact, such as planned local or <br /> regional public or private sector investments or initiatives that have affected or may affect <br /> job and business growth opportunities during the planning period. Describe any needs for <br /> workforce development, business support or infrastructure these changes may create. <br /> Economic development continues to occur across the Triangle Region, with many firms either looking to <br /> expand their existing operations or relocate to the region. Many of these firms rely on heavily-educated <br /> workers and are choosing to locate in the Triangle due to the high educational attainment of its <br /> population. <br /> FFY 2020—2024 Orange County, NC HOME Consortium 63 <br /> Consolidated Plan <br /> OMB Control No:2506-0117(exp.06/30/2018) <br />
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