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AVL 5X5 Strategy

AVL 5X5 Creates Asheville Jobs

Launched in 2010 by the Economic Development Coalition for Asheville-Buncombe County (EDC) and Asheville Area Chamber of Commerce, AVL 5X5 was the first 5-year strategic plan, designed to add 5,000 new jobs and $500 million in capital investment within five target clusters.

The Asheville 5X5 campaign united business leaders, the City of Asheville, Buncombe County, educational institutions and community around a common goal to attract and retain jobs that improve career opportunities, expand our key industries and boost our economy, now and for future generations.

Read the AVL 2025 Strategic Plan

Impact
Investors

Impact

From July 2015-June 2020, the EDC and partners provided significant assistance in the attraction of three new companies and eight expansions announcing 1,180 direct jobs. These new jobs will increase opportunity for both residents and the economy, going far beyond the companies and industries that create them. Industries that supply goods and services in the supply chain will be impacted as will income generation for households and associated local spending. All major sectors in the local economy are boosted by the EDC and partners’ strategic job creation efforts.

Wages for new jobs announced spanned a broader spectrum with an overall average of $48,100, ten percent above the average wage (2019 private) in Buncombe County and 35 percent of these pay more than $50,000 per year.
New business and expansions announced just under $200 million in capital expenditures, including strategic investments in property, machinery and equipment.

Once all jobs are in place, Total Output (direct, indirect and induced effects) are estimated at $1.1 billion in Buncombe County and is considered annually recurring.

Read the full report: Asheville 5×5 Metrics and Economic Impact Analysis (FY 2015-2020)

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Investors

Economic development in Asheville and Buncombe County is a team effort. Our community relies on the leadership and investment of more than 80 private Asheville businesses, organizations and local governments. These investors help the EDC strategically expand high-growth industries and attract higher wage jobs to the Asheville area, creating better opportunities for our residents while increasing county and city investments in our economy.

Investors make a five-year financial commitment that offer the business and community many benefits. New labor income and industry growth create a ripple effect in the metro Asheville economy, increasing demand for industries like professional business services, banking, real estate, health care, supply chain products and more.

Thanks to the many Asheville area businesses investing in job growth through AVL 5X5 Vision 2020!

Allergy Partners, PA

American Recycling of WNC

Anchor QEA of North Carolina, PLLC

Asheville Eye Associates

Asheville Merchants Fund of the Community Foundation of WNC

A-B Tech

AT&T North Carolina

AvL Technologies, Inc.

Bank of America

Bankers Insurance

BB&T Now Truist

Beverly-Grant, Inc.

Beverly-Hanks & Associates, REALTORS

Biltmore

Biltmore Farms, LLC

Blue Ridge X-Ray Co., Inc.

Boys Arnold & Company

Brick Street Equity Management Inc.

Brumit Restaurant Group

Buncombe County

Bunnell Lammons Engineering

Carolina Mountain Sales

Cintas – The Uniform People

City of Asheville

Coldwell Banker King

Colton Groome & Company

Constangy, Brooks, Smith & Prophete, LLP

Dave Steel Company, Inc.

David Gantt Law Offices

DHG

Diamond Brand Gear

Dominion Energy

Duke Energy

East Fork Pottery, LLC

ECS Carolinas, LLP

Ed Holmes and Associates Land Surveyors

Element-360

Ellington Enterprises, LLC

ERC Broadband

FIRC Group North Carolina, Inc.

First Bank

First Citizens Bank

First Horizon Bank

Friday Services

GE Aviation

GFoss Consulting, LLC

Goldsmith Molis & Gray

Greater Asheville Regional Airport Authority

Harper General Contractors

Hawthorne Residential Partners

Hedrick Industries

Highland Brewing Company

HomeTrust Bank

Insurance Service of Asheville, Inc (ISA)

Jacob Holm Industries (America), INC.

Johnson Price Sprinkle PA

Kearfott Corporation

Lenoir-Rhyne University – Center for Graduate Studies of Asheville

Lewis Real Estate

Linamar

MB Haynes Corporation

McGill Associates

McGuire Wood & Bissette Law Firm

McMillan Pazdan Smith Architecture

Mercy Urgent Care

MHAworks Architecture

Mills Manufacturing Corp.

Mission Health

Moog Music Inc.

New Belgium Brewing

Nova Kitchen & Bath, Inc.

Novus Architects

Pardee UNC Health Care

Park National Bank

Parsec Financial Wealth Management

Pearsall Operating Company

Pepsi Cola Bottling Co. of Asheville

Pratt & Whitney

Premier Sotheby’s International Realty

Pulliam Properties, Inc.

Range Urgent Care

Red Tree Builders, Inc.

Renaissance Asheville Hotel

Roberts & Stevens, P.A.

Silver-Line Plastics LLC

Skyland Distributing Company

Southeastern Container, Inc.

TD Bank

Ted & Terry Van Duyn

Tennoca Construction Company

Tessier Property Brokerage & Management

The Omni Grove Park Inn

The Van Winkle Law Firm

Thermo Fisher Scientific

Tops for Shoes, Inc.

Tribute Companies

Troy & Sons

TSAChoice

UNC Asheville

Vannoy Construction

Virtelle Hospitality Group

WEAVERCOOKE Construction

Webb Investment Services, Inc.

Wells Fargo Bank, NA

Western Carolina University

William Sederburg

WithersRavenel

Worley, Woodbery, & Associates, PA

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Talent & Workforce

Facts & Figures

1,180 JOBS

Total of Direct, Indirect and Induced Jobs

$1.1 BILLION

Capital Investment

$31 ROI

for every $1 invested (includes private and public investment)

Clark Duncan

Senior Vice President of Economic Development

cduncan@ashevillechamber.org

Meet The Team