Industries in the Albemarle Pamlico Peninsula
The graphs below are a representation of the change in the number of businesses in the Albemarle-Pamlico Peninsula area over the last 15 years, from 1998 to 2013 (the most current available data). From 1998 to approximately 2006 the number of the establishments in this area stayed constant or increased slightly within their industrial divisions. With the beginning of the recession in 2006 and 2007 there is a noticeable decline in the number of establishments in this area within the retail trade, construction, professional scientific and technical services, real estate, rental and leasing, and other service (not including public administration) sectors. While the recession and economic collapse had a negative impact on the majority of the businesses in the area, there was still a noticeable increase in the number of establishments in the health care and social assistance sectors and the accommodation and food service sectors. The increase in these establishments can most likely be contributed to the increase in population through the years in the OBX area (Outerbanks Area).
Environmental conditions likely to impact the AP region's Industries
The Albemarle-Pamlico Peninsula is already experiencing more frequent weather events such as severe thunderstorms, flooding, and heavier precipitation events. The peninsula is also experiencing problems with higher levels of chloride (salt) in their drinking water, and land loss due to rising sea levels.
The graph on the left is a representation of the change in acres of the primary land cover on the peninsula. The increase in wetlands can be contributed to many factors some examples are erosion, hydrological management changes, and sea-level rise. The increase in cropland from 1982 to 2006 could be contributed to the large agriculture industry presence in the region and increased production of corn for ethanol production, while the slight decrease from 2006 can be contributed to many of the same factors of wetland acreage increase (sea-level rise and hydrological management) as well as the economic recession that began around 2007. The decrease in forested acreage is slightly more ambiguous, it can be assumed that the same factors that increased wetland acreage and cropland acreage contributed to the decrease in forest acreage (crop land conversion, sea-level rise, die back from salt intrusion and lack of strong industry presence). The majority of the forested land in the region is privately owned by nonindustrial private forest (NIPF) landowners, with a small percentage of industry owned lands. Through the years it is possible that these NIPF landowners have sold portions of their lands to be used either for development or conversion to croplands.
Current and Future Economic Potential
To assess current and future economic potential of the region many factors must be considered. Three primary factors considered in this study are
For more information or questions please contact Priscilla Morris