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51 <br />Ll <br />CABARRUS <br />ECONOMIC DEVELOPMENT <br />10 <br />9 <br />8 <br />7 <br />6 <br />5 <br />4 <br />3 <br />2 <br />1 <br />0 <br />Finance and <br />Insurance — NAICS 52 <br />The Finance and Insurance <br />sector comprises <br />establishments primarily <br />engaged in financial <br />transactions (transactions <br />involving the creation, <br />liquidation, or change in <br />ownership of financial <br />assets) and /or in facilitating <br />financial transactions. Three <br />principal types of activities <br />are identified: <br />1. Raising funds by taking <br />deposits and /or issuing <br />securities and, in the <br />process, incurring liabilities. Establishments engaged in this activity use raised funds to acquire financial <br />assets by making loans and /or purchasing securities. Putting themselves at risk, they channel funds from <br />lenders to borrowers and transform or repackage the funds with respect to maturity, scale, and risk. This <br />activity is known as financial intermediation. <br />2. Pooling of risk by underwriting insurance and annuities. Establishments engaged in this activity collect <br />fees, insurance premiums, or annuity considerations; build up reserves; invest those reserves; and make <br />contractual payments. Fees are based on the expected incidence of the insured risk and the expected <br />return on investment. <br />3. Providing specialized services facilitating or supporting financial intermediation, insurance, and <br />employee benefit programs. <br />In addition, monetary authorities charged with monetary control are included in this sector. The <br />subsectors, industry groups, and industries within the NAICS Finance and Insurance sector are defined <br />on the basis of their unique production processes. As with all industries, the production processes are <br />distinguished by their use of specialized human resources and specialized physical capital. <br />Finance and Insurance <br />% of Total Employment by County 2Q12 <br />1200 <br />1000 <br />800 <br />600 <br />400 <br />200 <br />Finance and Insurance <br />Total Emp in Cabarrus, NC <br />Finance and Insurance <br />% of Total Emp in Cabarrus, NC <br />2.0000 <br />1.5000 <br />1.0000 <br />0.5000 <br />0.0000 <br />Cabarrus Economic Development 3003 Dale Earnhardt Boulevard, Kannapolis, NC 28083 USA <br />704.782.4000 1 CabarrusEDC.com I FaceBook.com /CabarrusEDC I Twitter.com /CabarrusEDC <br />INTF.YNATIONALECONOMIC. <br />DEW. OFME.NT COUNCIL <br />l�t��cktr�nd,rab,er.�l,.�,o� <br />1 -3 Page 323 <br />2Q2000 2Q2004 2Q2008 2Q2012 <br />0 0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 <br />0 <br />0 <br />G G G <br />G G <br />G G <br />G G <br />G <br />G <br />G <br />cA <br />+a�ao� <br />P��o,�a��JS ` a4 � a � <br />°\1 C� <br />�� Q- °4a� <br />J � \o � <br />1200 <br />1000 <br />800 <br />600 <br />400 <br />200 <br />Finance and Insurance <br />Total Emp in Cabarrus, NC <br />Finance and Insurance <br />% of Total Emp in Cabarrus, NC <br />2.0000 <br />1.5000 <br />1.0000 <br />0.5000 <br />0.0000 <br />Cabarrus Economic Development 3003 Dale Earnhardt Boulevard, Kannapolis, NC 28083 USA <br />704.782.4000 1 CabarrusEDC.com I FaceBook.com /CabarrusEDC I Twitter.com /CabarrusEDC <br />INTF.YNATIONALECONOMIC. <br />DEW. OFME.NT COUNCIL <br />l�t��cktr�nd,rab,er.�l,.�,o� <br />1 -3 Page 323 <br />2Q2000 2Q2004 2Q2008 2Q2012 <br />