Demographically Targeted Approaches to Community Economic Development in North Carolina
This Kenan Institute insight explores two major challenges in North Carolina’s rapid growth during the first 15 months of the pandemic.
Kenan-Flagler Business School UNC-Chapel Hill
September, 2022
Home | Publications | Demographically Targeted Approaches to Community Economic Development in North Carolina
INTRODUCTION
Post-2020 Census population estimates indicate that North Carolina grew more rapidly than the nation and 41 other states during the first 15 months of the pandemic (U.S. Census Bureau, Population Division, 2021). North Carolina was the nation’s fourth most attractive migration destination behind Florida, Texas, and Arizona, receiving an average of 253 net newcomers each day between April 1, 2020, and July 1, 2021. Some of the newcomers arrived from California and New York, which lost on average 923 and 861 residents per day, respectively, during the first 15 months of the pandemic.
However, North Carolina’s pandemic-induced population growth was highly concentrated within the state. As Figure 2 shows, 26 mainly metropolitan and amenity rich counties captured 88 percent of the net growth (111,774), creating two major challenges…
To continue reading this Kenan Institute Insight, click here.
About the Authors
James H. Johnson, Jr. is the William Rand Kenan, Jr. Distinguished Professor of Strategy and Entrepreneurship in the Kenan-Flagler Business School and Director of the Urban Investment Strategies Center in the Frank Hawkins Kenan Institute of Private Enterprise at UNC-Chapel Hill.
Jeanne Milliken Bonds is a Professor of the Practice, Impact Investment and Sustainable Finance in the Kenan-Flagler Business School and the Department of Public Policy at UNC-Chapel Hill.
The Kenan Institute serves as a national center for scholarly research, joint exploration of issues, and course development with the principal theme of preservation, encouragement, and understanding of private enterprise.
Related Articles
Southern Exposure: Lived Experiences of the COVID-19 Pandemic
Southern Exposure: Lived Experiences of the COVID-19 PandemicThe COVID-19 pandemic wreaked havoc and disrupted the lives of low-income individuals and families throughout this state in the southeast region of the U.S.Report by James H. Johnson Jr., Ph.D, Jeanne...
Real Estate Alert! Gale Force Demographic Wind Gusts Ahead
Real Estate Alert! Gale Force Demographic Wind Gusts AheadNewcomers from other states and abroad are principally responsible for North Carolina’s population boom–growth by 3.9 million– since 1990. However, seven powerful demographic disruptors—analogous to gale force...
Business Alert! Gale Force Demographic Wind Gusts Ahead
Business Alert! Gale Force Demographic Wind Gusts AheadSeven powerful demographic trends—analogous to gale force wind gusts in an adverse weather event—constitute potentially powerful disruptors of business and commerce in the years ahead. White Paper by James H....