2023 Annual Comprehensive Report

Technical College (GTCC), $34 million in renovations for the new Center for Advanced Manufacturing has now been completed. The school’s transportation and welding programs are located in the 250,000 square-foot building and include a flex lab for use by companies for employee training. Overall, the Piedmont Triad region received $355 million in funding from the $2 billion state bond package, approved in March 2016. Since September 2014, A&T has ranked number one as the largest historically black college and university (HBCU) in the country. Fall 2023 enrollment numbers marked A&T’s tenth consecutive year of record enrollment at 13,883 students. A&T also has the nation’s largest enrollment of black undergraduates in the fields of engineering and agriculture and has the largest number of master degree graduates in mathematics and statistics among HBCUs. Much of the increase in enrollment numbers can be attributed to the institution’s newly revised strategic plan, A&T Preeminence: Taking the Momentum to 2023. A&T’s ongoing plans include an enrollment goal of 15,500 students by 2030. To accommodate housing demands and rising enrollment, A&T began construction on a new $60 million, five-story, 450-bed dormitory in fall 2023 and plans to open the dorm by fall 2025. The Greensboro area economy remains stable. The Gross Metropolitan Product (GMP), measuring the total output of goods and services, with total GMP of $45.0 billion and accounted for 0.2% of the total U.S. metropolitan areas. (U.S. Bureau of Economic Analysis). Greensboro experienced a slight decline in job growth of .3%, representing 870 jobs compared to 2022. Total employment for 2022 was 242,986. (U.S. Census Bureau)

The Greensboro unemployment rate decreased to 4. 1 % in June 2023, compared to 4.8% in June 2022. The lowest unemployment rate for Greensboro since 2010 was 3.5% in December 2019. The unemployment rates in June 2023 for North Carolina and the United States were 3.3% and 3.6% respectively. (U.S. Bureau of Labor Statistics) The 2022 U.S. Census Bureau data shows the Median Household Income in Greensboro was $55,120, a 17.2% increase over the past five years from $47,043 in 2017. The 2022 median household income for North Carolina was $67,481 and United States was $74,755. (U.S. Census Bureau) In second quarter 2023, there were 744 single-family home closings in Greensboro, a 23.4% decrease compared to the same period last year. The second quarter 2023 median home sales price in Greensboro was $300,000, a 2.6% decrease compared to the same period last year. (Greensboro Regional REALTORS® Association)

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