2009 North Carolina Economic Development Summit


2009 North Carolina Economic Development Summit


U.S. Senator Richard Burr (R–North Carolina) and Erskine Bowles, President of the University of North Carolina system, host the 2009 Statewide Economic Development Summit. The event, taking place from North Carolina Central University's H. M. Michaux, Jr. School of Education Building, is geared toward local officials, small businesses, and corporations in order to better understand the tools and resources our State’s vast array of public and private colleges and universities offer North Carolina businesses.

UNC-TV brings viewers exclusive highlights from the summit, Monday during the hour-long broadcast, North Carolina Economic Development Summit. Speakers include members of the North Carolina Chamber of Commerce, and:

Erskine Bowles
President of North Carolina University Systemerskine bowles
Erskine Bowles has served as president of the multi-campus University of North Carolina since January 1, 2006. Born and raised in Greensboro, N.C., he is a graduate of the University North Carolina at Chapel Hill (1967) IHand Columbia University’s Graduate School of Business (1969). He holds eight honorary doctorates from universities and colleges throughout America. Bowles began his business career at Morgan Stanley & Co. in New York as an associate in the corporate finance group. In that position, he saw the unfilled opportunity to provide corporate finance expertise to America’s middle-market companies. He soon returned home to North Carolina, where he founded and served as chairman and CEO of the Charlotte-based investment banking firm that became Bowles Hollowell Connor & Co. Bowles also was a founder of Kitty Hawk Capital, a venture capital company, and Carousel Capital, a middle-market private equity company. In 1993, Bowles was appointed by President Bill Clinton to serve as director of the Small Business Administration, and later was tapped to serve as deputy White House chief of staff (1994-95) and White House chief of staff (1996-98). As chief of staff, he helped negotiate the first balanced budget in a generation. As a member of the National Economic Council and National Security Council, he helped guide domestic and foreign policy. In prior service as deputy White House chief of staff, Bowles helped direct the government’s response to the Oklahoma City bombing in 1995. After he left the White House, he also served from 1999 to 2001 as a general partner of Forstmann Little, a New York-based private equity firm. He ran for the U.S. Senate in 2002 and 2004, and currently serves on the boards of Morgan Stanley and Cousins Properties. Bowles has shown a life-long commitment to public service in North Carolina and beyond. He helped found Dogwood Equity, chaired the Rural Prosperity Task Force, and served as a trustee of the Golden LEAF Foundation—three entities designed to bring economic development to rural North Carolina. Bowles also has served as vice chair of Carolinas Medical Center in Charlotte and as a trustee of the Duke Endowment. Family illness inspired Bowles to help lead efforts to create an ALS (Lou Gehrigs Disease) Center in Charlotte and to serve as the international president of the Juvenile Diabetes Research Foundation. In 2005, he was appointed United Nations deputy special envoy to 13 tsunami-affected countries in Southeast Asia. Bowles has been married since 1971 to Crandall Close Bowles, retired chief executive officer of Springs Industries, one of the nation’s largest textile companies. They have three adult children: Sam, Annie, and Bill.

Dr. Jim Goodnight
Founder and CEO of SASjim goodnight
By 2010 the amount of digital information in the world is expected to double every 11 hours. If you're Jim Goodnight, all that data spells opportunity. Goodnight is CEO of SAS, the world's leading business analytics software vendor. At the helm since the company's incorporation in 1976, Goodnight has overseen an unbroken chain of revenue growth – a feat almost unheard of in the software industry. SAS® software was originally created by Goodnight and North Carolina State University colleagues to analyze agricultural-research data. Three decades later, it's doing things Goodnight never imagined in his days as a doctoral student in statistics. Today, SAS is best known for sifting massive mountains of data for FORTUNE 500 companies and other organizations most people have heard of. Insurance companies use SAS to flag fraudulent claims. Retailers use SAS to find profitable places to put stores and products within those stores. More and more financial institutions use SAS to detect money laundering, as mandated by the USA PATRIOT Act and Basel II. They also use it to sniff out fraud and to score credit applications. With its unique business model (software licensed annually) and solid reputation for innovation (22 percent of 2008 revenues reinvested in R&D), SAS is among the world's largest privately owned software companies. SAS is also renowned for its corporate culture, which has made it a fixture on "Best Places to Work" lists (including FORTUNE's.) The company's strategy to keep employees and realize peak performance from them was showcased in the July-August 2005 issue of Harvard Business Review. Goodnight co-wrote the piece, "Managing for Creativity," with author Richard Florida, asserting that companies prosper when they make best use of their "creative capital" – that is, creative thinkers whose ideas generate valuable products and services. "Innovation is the key to success in this business, and creativity fuels innovation," Goodnight said. "Creativity is especially important to SAS because software is a product of the mind. As such, 95 percent of my assets drive out the gate every evening. It's my job to maintain a work environment that keeps those people coming back every morning. The creativity they bring to SAS is a competitive advantage for us." Outspoken on education reform, Goodnight sees education as critical to the success of people, organizations and nations. Goodnight himself holds a doctorate in statistics from North Carolina State University, where he was a faculty member from 1972 to 1976. His passion for learning has since led him to endow several NCSU professorships and make education the focus of SAS' philanthropy. Together with his wife, Ann, he co-founded Cary Academy in 1996, an independent college preparatory day school for students in grades six through 12, with the goal of creating a model school for integrating technology into all facets of education. Shortly before Cary Academy opened, Goodnight launched SAS inSchool®, which develops educational software that helps schools meet the challenges of the new millennium. The software contains the framework for a new generation of teaching courseware that will further extend the use of technology as a learning tool. Year after year, SAS inSchool (now known as SAS® Curriculum Pathways®) earns awards for educational technologies and, more importantly, the support of students, teachers and parents. Even SAS' corporate headquarters has a distinctly academic feel, nestled on 300 wooded acres that employees call the "campus." SAS' 11,000 employees are among the industry's most loyal. In the software business, yearly turnover of 20 percent is the norm. At SAS, it's about 4 percent. Goodnight has also been an active speaker and participant at the World Economic Forum, where business and world leaders discuss cross-boundary issues such as international standards, regulations and the global economic issues. In 2004, Harvard Business School named Jim Goodnight one of the "20th Century's Great American Business Leaders" for his three decades of leading a business that has changed the way Americans have lived, worked and interacted in the 20th century. That same year, he was named one of America's 25 Most Fascinating Entrepreneurs by Inc. magazine, in honor of the publication's 25th anniversary.

Dr. R. Scott Ralls
President of the NC Community College Systemscott ralls
R. Scott Ralls, Ph. D., became the seventh president of the North Carolina Community College System on May 1, 2008.  The State Board of Community Colleges elected him to succeed retiring President H. Martin Lancaster. With 58 colleges serving more than 800,000 students each year, the North Carolina Community College System is the third largest in the United States and is internationally recognized for its programs to foster economic and workforce development. Scott Ralls is only the second system president to have served as a local North Carolina community college president and the first in thirty years.  Between 2002 and 2008, Dr. Ralls served as the President of Craven Community College with campuses located in New Bern and Havelock, North Carolina.  During his tenure, the college achieved record enrollment growth and annual fundraising support, and gained recognition for innovations in technology-based workforce development  During these years, Craven Community College opened the Institute for Aeronautical Technology, developed the Bosch and Siemens Advanced Manufacturing Center, initiated the first college-based Red Hat Linux Academy in the nation, and led the statewide redesign of community college information technology curricula to correspond with national industry skill standards.  The college also significantly expanded its health care education programs and gained statewide recognition for fostering unique educational partnerships, including its University Connections program with East Carolina University and NC State College of Engineering, and Craven Early College, a model technology-based early college initiative with Craven County Public Schools fostering strategic career pathways.  Craven Community College also became known for its broad-based community engagement, and in 2007 Dr. Ralls received the Freedom Fund Award from the Craven County NAACP for his “efforts to actively identify and incorporate the true needs of the community into the mission of Craven Community College.” Dr. Ralls has been an active leader in North Carolina’s early college and high school transformation initiatives, having been appointed to the North Carolina New Schools Board by Governor Mike Easley.  With 37 early college high schools on its campuses, North Carolina community colleges host 22% of the early college high schools in the United States.  Dr. Ralls has also worked with the British government in their review of community college-equivalent Further Education (FE) colleges in England and in 2007 was named the 10th honorary fellow of Warwickshire College in the UK. Dr. Ralls has previously held workforce development leadership positions at the state and national levels, including as Vice President of Economic and Workforce Development for the North Carolina Community College System where he helped foster collaborative initiatives with North Carolina’s biotechnology and information technology industries.  He has also previously served as the Director of the North Carolina Department of Commerce’s Division of Employment and Training where he worked closely with the state’s Workforce Development Boards and provided state oversight of job training programs for disadvantaged individuals and those affected by plant closings.  At the national level, he served as the Manager of Workforce Programs for the National Institute of Standards and Technology at the U.S. Department of Commerce, where he fostered workforce development initiatives through the national network of manufacturing extension centers, and as a policy specialist with the U.S. Department of Labor where he authored the national report, Integrating Technology with Workers in the New American Workplace, and was a recipient of the Secretary’s Exceptional Achievement Award. Dr. Ralls holds a Bachelor of Science degree with highest distinction from the University of North Carolina at Chapel Hill and Masters and Ph.D. degrees in Industrial and Organizational Psychology from the University of Maryland, where his research focused on technology implementation, workforce training and issues affecting older workers. He is married to Lisa Rowe Ralls, the former Vice President of Marketing and Strategic Planning for the Council for Entrepreneurial Development in the Research Triangle.  They have two sons.

Resources

Economic Development Network
Hosted by the North Carolina Department of Commerce, the Economic Development Network is a source for information on local, regional and state economic development professionals. North Carolina’s Economic Development Network combines a diverse array of agencies and organizations that are united by a common purpose of serving the needs of business clients and advancing economic development.

North Carolina Chamber
Working closely with non-profit and business allies, local chamber partners and state leaders and lawmakers who share our vision for a prosperous future for all North Carolinians, the North Carolina Chamber has continued to develop a new business model that allows for an effective and strategic focus on resources important to their advocacy mission to deliver results to customers.

North Carolina Community College System
North Carolina Community Colleges include 58 educational institutions creating success for North Carolinians. These local institutions of higher learning create hope, opportunity and jobs for more than 800,000 students and for the communities in which they live and work.

North Carolina Economic Development Directory
Directory of economic development agencies in North Carolina. Provides regularly updated links to economic development information for business people, including available buildings, business parks, office parks, industrial parks, available sites and shovel ready sites.

North Carolina Economic Development Intelligence System
A SAS economic delivery portal, the North Carolina Economic Development Intelligence System (EDIS) is a powerful statistical, analytical and mapping tool designed to aid economic and community development decision-making. Use it to compile statistics from state and national data sources and then map that data to specific North Carolina communities and locations.

NC Institute of Minority Economic Development
The North Carolina Institute of Minority Economic Development is a statewide nonprofit organization representing the interest of underdeveloped and under-utilized sectors of the state's economic base. The Institute's working philosophy is that information and business development are critical to wealth creation and to building the asset base among low-wealth sectors of the population.

North Carolina Military Business Center
The North Carolina Military Business Center (NCMBC) is a business development entity of the North Carolina Community College System, headquartered at Fayetteville Technical Community College (FTCC). The mission of the NCMBC is to leverage military and other federal business opportunities for economic development and quality of life in North Carolina.

North Carolina Rural Economic Development Center, Inc.
The Rural Center is North Carolina's leading resource for rural people and communities. Through its many Web resources, the organization invites you to learn more about our organization and the people associated with it.

SAS
SAS, headquartered in Cary, NC, is one of the largest software companies in the world. With consistent revenue growth and profitability since 1976, SAS has the depth of resources to sustain excellence in product development and customer support. While many competitors have merged, changed ownership or simply vanished, privately held SAS has remained focused on our primary mission – delivering superior software and enhancing customer relationships.

The University of North Carolina System
Chartered in 1789, UNC was the first public university in the United States and the only one to graduate students in the eighteenth century. Today, UNC is a multi-campus university composed of all 16 of North Carolina's public institutions that grant baccalaureate degrees, as well as the NC School of Science and Mathematics, the nation's first public residential high school for gifted students.

Western North Carolina Economic Development Group | Advantage West
AdvantageWest Economic Development Group is western North Carolina's regional economic development commission. Chartered by the North Carolina General Assembly in 1994, AdvantageWest is a non-profit public-private partnership whose primary focus is marketing the North Carolina mountains to corporations seeking to relocate or open a new facility, expand an existing business within our region, and those who might otherwise improve the quality of life for citizens within our region through activities such as filmmaking, entrepreneurship and tourism.