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Kenan Institute 2024 Grand Challenge: Business Resilience
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Market-Based Solutions to Vital Economic Issues

disruptive demographics

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In 2022, in-migration slowed, and out-migration accelerated, reducing the role of net migration in North Carolina statewide population growth, according to recently released Census data. For the Tarheel state, we document changes in gross and net migration flows between 2021 and 2022, highlight possible drivers, and offer anecdotal evidence as to why the revealed changes may foreshadow a longer- term shift in migration’s role in statewide population change.

North Carolina’s phenomenal migration-driven population growth masks a troubling trend: high rates of death and dying prematurely which, left unchecked, can potentially derail the state’s economic growth and prosperity in the years ahead. On average, 246 North Carolinians died each day during the 2010s, increasing to 317 daily between April 1, 2020 and July 1, 2022. COVID-19 and the substance abuse crisis have played a major role in premature deaths of prime working age citizens of the state. Both people-based and place-based strategies and interventions are urgently needed to address the state’s death crisis.

Virginia’s rapid population growth over the past three decades has been uneven, creating demographic winners and losers, and masks several demographic headwinds that will constrain future growth and competitiveness if left unaddressed, including slowing rates of total and foreign-born population growth, white population decline, deaths of despair, and declining labor force participation among prime working age males and females in the state.

As a destination for both migration and business growth, North Carolina must reassess the capabilities of local entrepreneurial and small-business ecosystems to ensure that its diverse population of aspiring entrepreneurs and small-business owners has equitable access to opportunities.

A new, data-driven method of looking at regional economies in more detail will enable a richer discussion of the U.S. economy as a whole and provide forecasts for decision-makers in business and government.

North Carolina’s 100 counties have experienced an uneven pattern of growth and development over the past decade or so, even during the pandemic, when the state was a magnet for migration. At one end, metropolitan and amenity-rich counties captured most of the growth between April 1, 2020, and July 1, 2021; at the other, 21 counties experienced net out-migration. Given these disparities, the Urban Investment Strategies Center offers an approach using targeted economic development strategies.

Post 2020 Census population estimates covering the first fifteen months of the pandemic are analyzed. The results reveal COVID-19’s impact on the geo-demography of the state, highlight disturbing demographic trends, and raise pressing questions requiring immediate policy attention if North Carolina is to remain attractive as a place to live, work, play, and do business.

When high-tech companies plan to expand, U.S. cities often compete to attract their investment. While living near a new corporate neighbor can bring job creation and an economic boost, these benefits aren’t experienced equally by local inhabitants. This week's insight explores this and other key findings in new research by UNC Kenan-Flagler Professor Franklin Qian and economist Rose Tan.

Post-COVID, tech firms are likely to continue to spread out across America’s cities. What factors determine their choices? For cities that seek to recruit the next Amazon HQ3, what do they gain from winning the competition? And from the perspective of their lower and middle-income residents, is it good or bad if they win?

The nursing profession in the United States was experiencing a labor shortage and facing diversity and inclusion challenges prior to the COVID-19 pandemic. Magnifying these problems was a shift in the nation’s population, both geographically and demographically. The result was changes in both where nurses are needed in the healthcare system and the nursing skill set required to address healthcare needs of a far more diverse clientele of patients—in terms of race, ethnicity, sex, gender identity, age, living arrangements, socioeconomic status and primary language.

The COVID-19 pandemic has generated a significant shift in how and where we work, play and live. In this Kenan Insight, we explore which changes will be temporary and which are here to stay.

The COVID-19 pandemic has generated a significant shift in how and where we work, play and live. In this Kenan Insight, we explore which changes will be temporary and which are here to stay.