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Draft 1.1 -- Not for Distribution or Circulation <br />• Global Companies — Most of the larger companies in Cabarrus County are <br />branch factories or offices, not headquarters. Hence a large job gap is <br />managers of corporations and subsidiaries. <br />• Intermediaries — Even though Cabarrus has a greater- than - average <br />manufacturing sector, that sector is outsourcing its needs for couriers, <br />trucking, and air transportation. <br />• Education —The second highest job gap is for "colleges, universities, and <br />professional schools." The Research Triangle region is rich in this sector, but <br />Cabarrus County relatively poor. Private education at the primary and <br />secondary levels is also well below the national average. <br />• Tourism— Cabarrus is trying to be a tourist magnet centered around NAS CAR <br />and Great Wolf Lodge, but currently lacks hotels and bars. <br />• Food & Retail — Despite the presence of major shopping malls, the County <br />has several prominent gaps, including warehouse clubs, supermarkets (plus <br />grocery wholesalers), and department stores. <br />• Utilities — There's a gap in electric power distribution. <br />Note that there are very few large -job manuafacturing opportunities on the top -40 list. <br />This is because local demand for any given manufacturer is small. Most manufacturers <br />must serve a broader population, regionally or globally, to achieve competitive scale. An <br />exception, where local production could generate a significant number of new jobs, is <br />iron and steel mills. <br />22 <br />Attachment number 1 <br />1 -4 Page 324 <br />