Better jobs, growing economy

AVL 5x5 Exceeds Goals

Read local success stories

Go to Stories

Get the AVL 5x5 Economic Impact Analysis Download Report

From July 2010-2015, 33 companies announced $1 Billion in capital investment, averaging $200 Million per year, compared to $37 Million per year prior to implementing AVL 5x5. These companies will add a total of 6,385 new jobs – direct, indirect and induced – to the Buncombe County and Asheville economy. The 2,860 direct jobs created by relocated and expanded companies have an average earnings per job of $44,672, which is above the county's average salaries in the Asheville NC area. The combined total economic output of AVL 5x5 in Buncombe County in 2010-2015 was $2 Billion!

AVL 5x5 Impact on the Asheville - Buncombe Economy

AVL 5x5: Creating Better Opportunities in Asheville - Buncombe

Company Announcements
July 2010 - Present

New Jobs 17
Invested $$1,800,000
New Jobs 1
Invested $0
New Jobs 90
Invested $11,500,000
New Jobs 65
Invested $8,100,000
New Jobs 15
Invested $1,620,000
New Jobs 150
Invested $115,000,000
New Jobs 15
Invested $5,000,000
New Jobs 82
Invested $5,000,000
New Jobs 25
Invested $0
New Jobs 154
Invested $55,800,000
New Jobs 75
Invested $11,870,000
New Jobs 6
Invested $0
New Jobs 66
Invested $45,900,000
New Jobs 3
Invested $100,000
New Jobs 90
Invested $2,500,000
New Jobs 52
Invested $126,000,000
New Jobs 25
Invested $4,500,000
New Jobs 40
Invested $1,680,000
New Jobs 3
Invested $0
New Jobs 250
Invested $75,000,000
New Jobs 42
Invested $4,600,000
New Jobs 154
Invested $175,000,000
New Jobs 30
Invested $1,500,000
New Jobs 5
Invested $0
New Jobs 26
Invested $7,200,000
New Jobs 110
Invested $0
New Jobs 400
Invested $125,000,000
New Jobs 3
Invested $0
New Jobs 36
Invested $1,100,000
New Jobs 20
Invested $3,000,000
New Jobs 5
Invested $1,500,000
New Jobs 30
Invested $0
New Jobs 408
Invested $1,800,000
New Jobs 160
Invested $99,700,000
New Jobs 5
Invested $450,000
New Jobs 56
Invested $28,000,000
New Jobs 156
Invested $83,000,000
New Jobs 8
Invested $0

View MoreFewer Announcements


Featured Case Study

Revolutionizing the Future of Flight

Read About It

Success Story

Revolutionizing the Future of Flight

Leading one of the most innovative industry transformations in decades, Asheville’s manufacturing workforce is creating revolutionary aircraft engine material known as Ceramic Matrix Composites, or CMCs. Designed for GE Aviation’s new LEAP jet engine, these lightweight CMC components reduce fuel consumption and cost by about 15 percent, saving $2 million annually per airplane. As the industry leader of aerospace manufacturing companies for jet engines, GE Aviation’s engine-powered jets take flight around the world every two seconds.

The Fortune 10 Company selected Asheville to be the first plant to mass produce its groundbreaking technology. “The aviation sector is very important to North Carolina. Companies like GE Aviation will continue to put North Carolina on a national and international stage,” said N.C. Governor Pat McCrory.

The “first in flight” state is home to more than 180 aerospace manufacturing companies, which have seen a 68% increase in employment (while the U.S. declined 25%), and over 160 automotive parts manufacturers.

Combined with expansions by industry-leading international companies Linamar, Kearfott Corporation and BorgWarner Turbo Systems, GE Aviation’s investment makes a total of 1,375 new jobs and $500 million invested through AVL 5x5 in Buncombe County’s aviation and auto manufacturing industries.

 

Learn more about GE Aviation and Asheville Manufacturing

Featured Case Study

The Rise of Advanced Manufacturing

Read About It

Success Story

The Rise of Advanced Manufacturing

The most successful industry within AVL 5x5 has been advanced manufacturing, which announced 1,850 new jobs in Buncombe County over the past 5 years. World-class manufacturers located here develop turbo chargers for Indy 500 cars, precision cutting tools to make Apple iPhone components, solar integrated electric car charging stations and even components designed and made for NASA’s Voyager I.

The region’s talented workforce and aptitude for metals machining in automotive manufacturing and aviation manufacturing industries led Canada-based Linamar to invest $315 million in Buncombe County, ramping up to 800 employees by 2020. Asheville grown AvL Technologies, whose mobile satellite antennas comprise 85 percent of the TV broadcast market, announced plans in 2015 to increase its workforce by over 50 percent.

Increasingly recognized as a leader in the southeast, Asheville’s manufacturing employment, including automotive manufacturing and aviation manufacturing, grew at 7.3% for five years, ahead of North Carolina’s 5% and outpacing the growth of U.S. manufacturing jobs.

“Asheville has all the tools that support long-term growth, community leaders supportive of advanced technology, an innovative workforce, and best of all a location that attracts talent,” said Michael Meguiar, plant manager at GE Aviation, a division of the Fortune 10 company.

 

Learn more about Advanced Manufacturing

Featured Case Study

Developing Talent and STEM Skills

Read About It

Success Story

Developing Talent and STEM Skills

When GE Aviation chose Asheville, North Carolina over 11 other states to invest $126 million to develop its technology for the next-gen LEAP engine, it was a vote of confidence in the region’s manufacturing workforce talent. GE partnered with A-B Tech Community College and created a state-of-the-art Center of Excellence for training its employees to produce revolutionary aviation components made of ceramic matrix composites.

For their future talent and career training, companies like BorgWarner Turbo Systems and Kearfott Corporation look to Buncombe County’s new Science, Technology, Engineering and Math (STEM) High School, graduate Engineering programs at Western Carolina University and UNC-Asheville’s Mechatronics program.

Career development in Buncombe County starts as early as middle school, with Students at Work Week introducing over 600 students each year to local businesses and manufacturers in the workplace. Apprenticeships and mentors are offered to high school students at the STEM Discovery Academy and AB Tech provides hands-on workforce training for technical careers. As a strategic part of the AVL 5x5, the Asheville area is increasingly bridging the gap between employers’ critical needs and talent development in STEM fields like engineering, science and technology.

 

Learn more about Advanced Manufacturing.

Featured Case Study

Building Asheville’s Startup City

Read About It

Success Story

Building Asheville’s Startup City

With two recent high-growth tech company acquisitions and a handful of new angel investments, Asheville’s growing startup scene is attracting attention far from Silicon Valley. Its community gathers downtown every Wednesday at 1 Million Cups of Coffee to hear founders pitch their business. Venture Asheville, which is focused on catalyzing Asheville’s high-growth entrepreneurial ecosystem, connects entrepreneurs with startup funding, mentors and talent to scale their ventures. It just launched a mentorship program developed by MIT called Venture Asheville Elevate.

ScaleUp WNC, Mountain BizWorks, Asheville Startup Weekend, and a Kauffman Entrepreneur-In-Residence program at A-B Tech are among other local resources helping expand the city’s startup infrastructure. Local ventures can tap into new angel capital through Asheville Angels, which made six investments in its first year that included $115,000 into local startup Plum Print.

Recently the New York media company Everyday Health bought Asheville-grown DoctorDirectory for $65M, and Boston-based Teikametrics acquired Lab Escape, a leader in heat map visual data discovery software.

With innovative startups like Theraworx, RISC Networks, Wicked Weed Brewing, and an Inc. 500 fastest growing company, Cloud for Good, Asheville’s tech and entrepreneurial community is living up to its reputation as the #2 Startup City in America, deemed so by Popular Mechanics.

 

Learn more about Asheville Startups.

Featured Case Study

Redeveloping the River District

Read About It

Success Story

Redeveloping the River District

For the past 25 years, the City of Asheville’s Wilma Dykeman RiverWay plan and RiverLink have shaped the evolution of the French Broad River and in part its adjacent neighbors, the River Arts District (RAD) and West Asheville. Transforming the abandoned warehouse district, the River Arts District now hosts more than 180 working artist studios that have created a vibrant arts destination linking West Asheville to downtown.

So when New Belgium Brewing, a top three U.S. craft brewer, announced a $140 million investment into an underutilized, riverside brownfield site for its new east coast brewery, Asheville and several neighborhood organizations welcomed a partner they saw as a seismic catalyst for advancing the community’s long-held vision.

Led by the City of Asheville, a new infusion of $50 million in city, state and federal funds into riverfront infrastructure improvements over the next six years is expected to generate at least $200 million in new private investment. When New Belgium Brewing opens in early 2016, it’s expected to draw another 200,000 annual visitors.

With additional greenways, bike lanes, sidewalks, and increased river access underway, as well as a new Smoky Mountain Adventure Center, the River District is realizing its dream as a multi-modal transportation corridor that cultivates a live, work and play culture.

 

Learn more about New Belgium

Featured Case Study

Pioneering Leaders in Sustainability

Read About It

Success Story

Pioneering Leaders in Sustainability

Since 2010, the City of Asheville is committed to reducing its municipal carbon footprint by 4% every year and reducing solid waste by 50% by the year 2035. With its ingrained sustainability ethos, Asheville attracts innovative companies and passionate employees that share a commitment to the environment.

A global pioneer in lab equipment manufacturing, Thermo Fisher Scientific recently achieved zero-waste status at its Asheville facility, which earned IndustryWeek’s “Best Plant” recognition in 2014.

A certified b-Corp, New Belgium Brewing is catalyzing Asheville’s river district redevelopment by reclaiming an 18-acre brownfield site. Its new brewery utilizes solar PV and hot water, onsite power generation and is pursuing LEED certification.

Homegrown Inc. 500 company FLS Energy, a full-service solar energy provider, is making solar mainstream with more than 100 installations developed nationwide, from commercial systems to utility-scale projects. Brightfield Transportation Systems is turning sunshine into fuel to power electric cars, having deployed America’s first solar integrated charging station of its kind in Asheville, with plans to expand across North Carolina.

Leading multinationals such as GE Aviation and Borg Warner Turbo Systems are developing revolutionary fuel efficiency technologies at their Asheville manufacturing facilities.  These proprietary ceramic components and next-generation turbochargers are making a global impact on the aviation and automotive industries respectively.  

Growing the Asheville Economy by Clusters

Read the latest news from the AVL 5x5 blog

Get Updates

Why does AVL 5x5 matter to you?

“For a community to succeed, we must support growth and continuing job opportunities for all residents.  AVL 5x5 gives us a chance to personally invest in our future and helps ensure a prosperous place to go to school, find a job, raise a family, and retire.”

David Gantt, Chairman
Buncombe County Commission

"The Buncombe County School system has aggressively connected to the AVL 5x5 initiative. We’ve made an ongoing commitment to bridge that gap between educational needs and our local employer’s workforce needs, so students can be successful in the 21st century workplace."

Dr. Tony Baldwin, Superintendent
Buncombe County Schools

“Its tremendous success has been exciting and transformative for Asheville. ECS is proud to be an investment partner with the EDC to support AVL 5x5, an innovative and visionary program to boost the strength and vitality of our local economy.”

Matthew Fogleman, PE
Asheville Branch Manager, ECS Carolinas, LLP

“AVL 5x5’s continued success depends on the EDC’s talented, ambitious team and, most importantly, the personal and financial investments by our region’s forward thinking business leaders. When everyone is collectively engaged in driving economic growth, we all benefit from the jobs and capital investment these new and expanding businesses create here.”

Taylor Foss, SVP
Organizational Transformation, Mission Health