Chair
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Existing Industry Appreciation Month Your Fayetteville-Cumberland County
Chris Bostock
Chamber of Commerce celebrates the 22nd annual Existing Industry Appreciation events throughout the month of May. May was pro- claimed Existing Industry Appreciation month on April 27, 2007 by both Cumberland County and the City of Fayetteville. The top five industries in Cumberland County employ 6,467. According to the Em- ployment Security Commission there are a total of 113 industries in the Cumberland County area and they employ 8,124 employees with wages
of $96,369,673.00. For distribution and warehousing there are 168 facili- ties that employ 12,974 employees and pay wages of $45,049,000.00. ESC data includes retail, beverage distribution, transportation companies and small business throughout the community. Industry appreciation events begin with the Existing Industry Ap-
Business
Kauffman Annual Index shows that more Americans have become entrepreneurs during the recession than at any time in the last 15 years. According to the “Kauffman Index of Entrepreneurial Activ-
ssSpotlightSpotlight AlI d
ity,” a leading indicator of new business creation in the United States, 0.34 percent of American adults created a business per month in 2010, or 565,000 new businesses, a rate that remained consistent with 2009 and represents the highest level of entrepre- neurship over the past decade and a half. In contrast, however, the quarterly employer firm rate has dropped from 0.13 percent in 2007 to 0.10 percent in 2010. According to the article, “Jobless Entrepreneurship’ Tarnishes
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preciation Luncheon on May 12. Plaques will be awarded on behalf of the Chamber to businesses commemorating their years of operation in Fayetteville and Cumberland County. The Chamber will also present the prestigious Al Prewitt Economic Visionary Award at the luncheon. The recipient may be a company or individual whose extraordinary ef- forts have resulted in the creation of new jobs, corporate investment, expanded production at an existing facility or improved quality of life in the community. Events conclude on May 26 with the Existing Industry Appre-
ciation Golf Classic. Chamber members will have an opportunity to play with our area plant managers. Stay posted for more info on the Golf Classic which will include a silent auction where every bidder will receive a $50 advantage gift card and hole in one prizes like tickets to the ESPY Awards, Pebble Beach and the Super Bowl. Show your appreciation of our existing industry by becoming
a sponsor. Call Sonia R. Garza at 484-4242 ext. 233 for more information.
Entrepreneurial Spirit Grows In America
Steady Rate of U.S. Startup Activity,” entrepreneurship growth was highest among 35- to 44-year-olds, rising from 0.35 in 2008 to 0.40 in 2009. The oldest age group in the study (55-64 years) also experienced a large increase in business-creation rates from 2008 to 2009, contributing to a two-year upward trend to 0.40. To read more visit http://www.kauffman.org/newsroom/job-
less-entrepreneurship-tarnishes-steady-rate-of-us-startup-activity. aspx. If you, or someone you know is interested in starting a new
business, call or visit your local SCORE chapter at (910) 692- 3926 or visit your Chamber to be directed to the right resource.
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