County Trade Pull Factor Report – July 2021

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NOTE: If you downloaded this report prior to August 5, 2021, additional county tier designation analyses were conducted and comments were added to clarify a key factor related to the Tier designations. Please download the revised report for a more complete understanding of the significance of adding County Trade Pull Factors to the North Carolina county tier status calculations. 

County Trade Pull Factors (CTPF) are a measure of a county’s retail strength and how that strength impacts nearby counties. It is tracked on a per capita basis using North Carolina Sales and Use Tax revenue data. This report argues that CTPF is an easy to calculate economic assessment tool that should be included in the state of North Carolina’s determination of a county’s Tier status.

Currently, there are four factors mandated by the North Carolina legislature that are used to determine a county’s tier designation:

  • Median household income
  • Population growth
  • Average unemployment rate
  • Adjusted property tax per capita

Adding CTPF, Trade Area Capture (TAC) – a measure of the per capita spending strength of the county, and Market Share (MS)  – a measure the percent of the state’s economy that the county generates, this report argues that the ‘pull’ a county’s economy has on an adjacent county has a significant impact on the ‘economic distress’ (or success) a county experiences and recommends these factors be considered when determining a county’s tier designation.

NORTH CAROLINA CTPF Report 21-1 – Revised