ECONOMIC DEVELOPMENT PARTNERSHIP OF NORTH CAROLINA INC
150 FAYETTEVILLE STREET NO 1200, RALEIGH, NC 27601 www.edpnc.com

Total Revenue
$20,898,417
Total Expenses
$20,293,375
Net Assets
$3,514,284

Organizations Filed Purposes: OUR MISSION IS TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL NORTH CAROLINIANS. WE DO THIS BY COLLABORATING WITH STATE, REGIONAL, LOCAL, AND PRIVATE-SECTOR PARTNERS IN NEW BUSINESS RECRUITMENT, EXISTING EMPLOYER SUPPORT, INTERNATIONAL TRADE AND EXPORT ASSISTANCE, SMALL BUSINESS START-UP COUNSELING, AND TOURISM PROMOTION.

COLLABORATING WITH STATE, REGIONAL, LOCAL, AND PRIVATE-SECTOR PARTNERS TO IMPROVE THE ECONOMIC WELL-BEING AND QUALITY OF LIFE FOR ALL NORTH CAROLINIANS.

EDPNC'S TRAVEL AND TOURISM DIVISION, VISIT NORTH CAROLINA, PROMOTES THE STATE'S TOURISM APPEAL AND INDUSTRY, WHICH SUPPORTS 235,700 JOBS IN NORTH CAROLINA. VISITNC EXECUTES MARKETING PROGRAMS THAT ADVANCE NORTH CAROLINA'S STANDING AS A MAJOR DESTINATION FOR LEISURE TRAVEL, GROUP TOURS, MEETINGS AND CONVENTIONS, SPORTS EVENTS, FILM PRODUCTION AND RETIREES. THE MARKETING EFFORTS OF VISITNC AND ITS PUBLIC AND PRIVATE PARTNERS AT THE STATE, REGIONAL AND LOCAL LEVELS EXHIBITED CONTINUED SUCCESS. THE LATEST FIGURES AVAILABLE SHOW VISITORS SPENT A RECORD $26.75 BILLION IN CALENDAR YEAR 2019, A 6 PERCENT INCREASE FROM THE PREVIOUS YEAR.

EDPNC'S INTERNATIONAL TRADE DIVISION HELPS NORTH CAROLINA COMPANIES IDENTIFY AND DEVELOP OVERSEAS MARKETING OPPORTUNITIES FREE OF CHARGE. THIS IS ESPECIALLY BENEFICIAL TO SMALLER BUSINESSES WHICH OFTEN DO NOT HAVE STAFF DEDICATED TO EXPLORING AND DEVELOPING EXPORT OPPORTUNITIES. EDPNC HAS MULTILINGUAL EXPERTS LOCATED IN NORTH CAROLINA AND SEVERAL FOREIGN OFFICES IN CANADA, MEXICO, EUROPE, JAPAN, SHANGHAI, HONG KONG, AND THE MIDDLE EAST. SERVICES OFFERED INCLUDE EXPORT EDUCATION PROGRAMS, CUSTOMIZED SEARCHES FOR INTERNATIONAL DISTRIBUTORS OR AGENTS, RESEARCH AND INTELLIGENCE ON INTERNATIONAL MARKETS, AND REFERRALS TO PROGRAMS OFFERING EXPORT FINANCE ASSISTANCE. THE TEAM ORGANIZES AND LEADS NORTH CAROLINA COMPANIES' PARTICIPATION IN HIGH-PROFILE INTERNATIONAL TRADE EVENTS. THE TEAM ALSO HELPS PARTICIPANTS ACCESS FEDERAL FUNDING TO COVER CERTAIN COSTS, INCLUDING TRAVEL AND MARKETING MATERIAL TRANSLATION. IN FY 2020, THE EDPNC'S INTERNATIONAL TRADE MANAGERS AND FOREIGN OFFICES ASSISTED 574 COMPANIES WITH EXPORTING, AND THOSE BUSINESSES REPORTED OVER $1 BILLION IN FOREIGN SALES CONNECTED TO EDPNC SUPPORT.

EDPNC'S BUSINESS RECRUITMENT DIVISION HELPS GROW NORTH CAROLINA'S ECONOMIC BASE BY SUPPORTING NEW FACILITIES PROJECTS THAT LEAD TO INCREASED EMPLOYMENT OPPORTUNITIES THROUGHOUT THE STATE. THIS DIVISION WORKS STATEWIDE HELPING COMPANIES INTERESTED IN LOCATING TO OR EXPANDING IN NORTH CAROLINA TO FIND SITES, NAVIGATE FINANCIAL INCENTIVES AND PERMITTING REQUIREMENTS, AND IDENTIFY AND TAP RESOURCES TO MEET WORKFORCE, TRAINING AND INFRASTRUCTURE NEEDS. THE EDPNC AND ITS PARTNERS SUPPORTED 150 BUSINESS RECRUITMENT AND EXPANSION PROJECTS RESULTING IN THE ANNOUNCEMENT OF 18,304 NEW JOBS IN NORTH CAROLINA AND $5.63 BILLION IN INVESTMENT.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Christopher ChungCEO40$308,439
John LoyackVP, GLOBAL BUSINESS SERV.40$135,478
David SpratleyVP, BUSINESS RECRUITMENT40$130,791
William TuttellVP, TOURISM40$130,751
Michael EbertCOO (AS OF 1/1/20)40$128,688
Jennifer HarknessVP, FINANCE & ADMIN.40$128,357
Korey HowardSEN. MANAGER, BUS. DEV.40$119,899
Angel LiuSEN. MANAGER, BUS. DEV., INTL.40$107,354
Jeffery TurnerBOARD DIRECTOR1$0
Aaron ThomasBOARD DIRECTOR1$0
Lee NettlesBOARD DIRECTOR1$0
Pleas McmichaelBOARD DIRECTOR1$0
Larry McadamsBOARD DIRECTOR1$0
Karen LevertBOARD DIRECTOR1$0
Vimal KolappaBOARD DIRECTOR1$0
Sheila Pierce KnightBOARD DIRECTOR1$0
Joan HigginbothamBOARD DIRECTOR1$0
Michael HawkinsBOARD DIRECTOR1$0
David CravenBOARD DIRECTOR1$0
Anthony CopelandBOARD DIRECTOR1$0
Spence BroadhurstBOARD DIRECTOR1$0
Rolf BlizzardBOARD DIRECTOR1$0
Marie Flow ArcuriBOARD DIRECTOR1$0
John KaneBOARD SECRETARY/TREASURER1$0
Gene MclaurinBOARD DIRECTOR & VICE CHAIR1$0
Frank E Emory JrBOARD DIRECTOR & CHAIR2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202120849349300917_public.xml