FINAL ADOPTED BUDGET 2020-2021

CITY PROFILE

Community The City of Greensboro is located in central piedmont North Carolina, midway between Washington, D.C. and Atlanta. The Town was incorporated in 1808 and is the county seat of Guilford County. Greensboro has a

population of 294,726 and presently covers a land area of approximately 135 square miles. In the past 10 years, population growth has averaged 1 to 2 percent per year with the most notable increase of 5.7 percent occurring between 2007 and 2008, due primarily to significant City initiated annexations in the northwest region of the city. Since 2000, 16,374 acres were added or 26 square miles, an increase of 23 percent.

Age Demographic under 18 25.7% 18 24 8.5% 25 44 27.6% 45 64 24.2% over 65 14.0%

Racial Demographic

Population

White (not Hispanic) African American

41.9% 40.4% 8.7% 5.0% 4.0%

2005 2010 2015 2019

208,552 270,357 285,344 294,726

Hispanic

Asian Other

American Community Survey 2018 Estimates

The City of Greensboro population has increased approximately 9.6% from 2010 2019. The City is racially and culturally diverse. The majority of residents are aged 25 to 64 year old, making up over half of the population.

Unemployment rates for the City have declined steadily over the last 10 years. However in 2020, there is a sharp increase in unemployment rates, due largely to C OVID 19.

Greensboro Unemployment Rate January 2009 April 2020

20%

15%

Unemployment Rates (April, 2020)

10%

Greensboro

15.3% 14.8% 12.9% 14.7%

Guilford County North Carolina United States

5%

0%

Bureau of Labor Statistics, Local Area Unemployment Statistics

Adopted 2020-21 Budget

15 9