20-160H 20-160H . . . Sustained Profit Growth Plan under which (a) each officer of the level of Senior vice President and above receives a contingent cash award equal to a specified percentage of his or her annual base salary and (b) actual awards are determined by measuring the corporation's performance of previously selected business measures and attainment of specific objective numeric goals relating to those measures over a three year performance period. The measures may include return on average or year-end equity, return on average or year-end assets, earnings per share, growth in earnings per share, increase in the corporation's common stock price, total return to stockholders, growth in net income per employee, growth in non-interest income, control of net overhead expense, control of non-performing loans, capital adequacy, and adequacy of loan loss reserves
Mecklenburg North Carolina Sustained Profit Growth Plan is a comprehensive strategy designed to stimulate and maintain profitable economic growth in the Mecklenburg County region of North Carolina. This growth plan aims to attract investment, drive job creation, and enhance the overall business environment in Mecklenburg County. Key components of the Mecklenburg North Carolina Sustained Profit Growth Plan include: 1. Business Attraction and Retention: This plan focuses on attracting new businesses to the region while also assisting existing businesses in expanding and retaining their operations. By fostering a favorable business climate and providing resources such as tax incentives, technical support, and workforce development programs, Mecklenburg County aims to attract a diverse range of industries and encourage their long-term growth. 2. Infrastructure Development: A thriving economy requires robust infrastructure. The growth plan emphasizes the development and improvement of essential infrastructure, including transportation networks, utilities, broadband connectivity, and public facilities. These investments ensure Mecklenburg County remains an attractive location for businesses, residents, and visitors. 3. Workforce Development: To sustain profit growth, a skilled and knowledgeable workforce is crucial. The plan includes initiatives to enhance the county's education and training systems, partnerships with educational institutions, and workforce development programs to ensure Mecklenburg County residents have the skills needed to meet the evolving demands of the job market. 4. Innovation and Entrepreneurship: The Mecklenburg North Carolina Sustained Profit Growth Plan recognizes the importance of fostering innovation and entrepreneurship in driving economic growth. The plan encourages the establishment of startup incubators, accelerators, and innovation centers, providing resources and support to entrepreneurs and innovators who bring new ideas, technologies, and businesses to the region. 5. Sustainable Development: Sustainability is a key consideration in the growth plan. By promoting environmentally friendly business practices, renewable energy adoption, and environmentally conscious development, Mecklenburg County aims to create a sustainable and resilient economy that preserves natural resources and attracts businesses invested in long-term success. Different types of Mecklenburg North Carolina Sustained Profit Growth Plans may include sector-specific strategies tailored to target industries such as technology, healthcare, advanced manufacturing, tourism, or renewable energy. These plans would focus on leveraging the unique strengths and opportunities present in the region to drive sustained profit growth within specific sectors. In conclusion, the Mecklenburg North Carolina Sustained Profit Growth Plan is a comprehensive and multifaceted strategy aimed at fostering economic growth, attracting investment, and creating a prosperous business environment in Mecklenburg County. By focusing on business attraction, infrastructure development, workforce development, innovation, and sustainability, this growth plan aims to ensure long-term profitability and prosperity for the region.
Mecklenburg North Carolina Sustained Profit Growth Plan is a comprehensive strategy designed to stimulate and maintain profitable economic growth in the Mecklenburg County region of North Carolina. This growth plan aims to attract investment, drive job creation, and enhance the overall business environment in Mecklenburg County. Key components of the Mecklenburg North Carolina Sustained Profit Growth Plan include: 1. Business Attraction and Retention: This plan focuses on attracting new businesses to the region while also assisting existing businesses in expanding and retaining their operations. By fostering a favorable business climate and providing resources such as tax incentives, technical support, and workforce development programs, Mecklenburg County aims to attract a diverse range of industries and encourage their long-term growth. 2. Infrastructure Development: A thriving economy requires robust infrastructure. The growth plan emphasizes the development and improvement of essential infrastructure, including transportation networks, utilities, broadband connectivity, and public facilities. These investments ensure Mecklenburg County remains an attractive location for businesses, residents, and visitors. 3. Workforce Development: To sustain profit growth, a skilled and knowledgeable workforce is crucial. The plan includes initiatives to enhance the county's education and training systems, partnerships with educational institutions, and workforce development programs to ensure Mecklenburg County residents have the skills needed to meet the evolving demands of the job market. 4. Innovation and Entrepreneurship: The Mecklenburg North Carolina Sustained Profit Growth Plan recognizes the importance of fostering innovation and entrepreneurship in driving economic growth. The plan encourages the establishment of startup incubators, accelerators, and innovation centers, providing resources and support to entrepreneurs and innovators who bring new ideas, technologies, and businesses to the region. 5. Sustainable Development: Sustainability is a key consideration in the growth plan. By promoting environmentally friendly business practices, renewable energy adoption, and environmentally conscious development, Mecklenburg County aims to create a sustainable and resilient economy that preserves natural resources and attracts businesses invested in long-term success. Different types of Mecklenburg North Carolina Sustained Profit Growth Plans may include sector-specific strategies tailored to target industries such as technology, healthcare, advanced manufacturing, tourism, or renewable energy. These plans would focus on leveraging the unique strengths and opportunities present in the region to drive sustained profit growth within specific sectors. In conclusion, the Mecklenburg North Carolina Sustained Profit Growth Plan is a comprehensive and multifaceted strategy aimed at fostering economic growth, attracting investment, and creating a prosperous business environment in Mecklenburg County. By focusing on business attraction, infrastructure development, workforce development, innovation, and sustainability, this growth plan aims to ensure long-term profitability and prosperity for the region.