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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 unites 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

Have your say…What would you like to see for Asheville/Buncombe’s future? Fill out the Community Survey

Community Survey

Our new 5×5 strategy will guide the Asheville Chamber and Economic Development Coalition’s initiatives for the next five years and beyond. It will help us establish goals and priorities aimed at improving our area’s economy for everyone living in our region. Our focus includes diversifying our economy, creating better career opportunities and elevating the area’s standard of living while maintaining what makes the Asheville area so special.

We would love to hear your perspectives on what that future could look like.

Thank you in advance for taking the time to give your input!

Fill out the Community Survey

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!