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Vibrant Economy

Creating a robust economic landscape

Goal and Definition

Status Indicators for Most Recently Reported Results: On Target | Caution | Below Plan | No Information

Implement land use strategies that encourage affordable housing near transportation and jobs

Land use strategies guide the future actions of a community. These strategies help to support a vision for the future by identifying long-range goals and objectives for all activities that affect the community. These strategies account for changes in Buncombe County’s growth patterns, development scenarios, land use demands, and demographic composition. Robust land use strategies will help to identify the “best use” of our scarce developable land resources and encourage development that meets the community needs for affordability and accessibility.

Actual

Target

Results for

100% 75% Q2 FY24
What we’re watching

Percent of affordable housing within 0.75 miles of dedicated transit or designated employment centers

Stable, affordable housing provides benefits to both people with low incomes and local economies overall. For individuals, it reduces homelessness, lifts people out of poverty, and improves health outcomes.


Increase median household income to NC benchmark

Buncombe County has a thriving economy that demonstrates job growth, low unemployment and thriving industry clusters. Annual median household income ($59,699) lags just behind 2022 North Carolina state benchmark ($60,516) while costs of living increase.

Actual

Target

Results for

100% 75% Q2 FY24
What we’re watching

Percentage of Buncombe County population that's below the poverty line

Poverty rates are related to the overall health of the economy. As the economy grows, so do opportunities for employment and income growth. Stronger labor markets and higher income levels tend to help those families living in poverty move above the poverty threshold.

This is not a Buncombe County Strategic Plan Goal, but watching this metric informs how county goals are pursued.


Increase total employment in regions targeted industries

Buncombe County is home to several industries that were born here and grew up here. These industries give us a competitive advantage – from attracting new business to developing our workforce. Continued growth in our strong sectors will promote opportunities in high wage sectors for job seekers with a variety of skill and education level.

Actual

Target

Results for

60% 75% Q2 FY24
What we’re watching

Increase the number of new jobs in specific industries

Economic success is not measured purely by the number of jobs generated. The targeted industries approach to economic development focuses on overall growth, productivity, and efficiency gains among related industries. The role of government is to establish the necessary infrastructures to encourage firm growth and retention.

This is not a Buncombe County Strategic Plan Goal, but watching this metric informs how county goals are pursued.


CONTACT INFORMATION

Buncombe County Government
200 College Street
Asheville, NC 28801

Strategy & Innovation Department
www.BuncombeCounty.org/
[email protected]