NHC roles out new ‘Economic Mobility’ report identifying job scene problems and potential solutions
On April 18 the county rolled out a new document titled “New Hanover County Economic Mobility – Economic Development Strategic Update.” It’s over 100 pages and the county paid about $60,000 to Greenfield, a local economic development firm, to update workforce and demographic data, identify county assets, and potential issues.
There are four main takeaways from the analysis:
- “Unbalanced economy”
- Limited land for long term industrial and commercial development
- Growing but aging population
- COVID disruptions changing the landscape
Unbalanced economy
The general economic landscape of New Hanover County is being skewed in two directions: well-paying and low-paying. And the middle is virtually absent altogether. This is what has led to an “unbalanced economy,” the report said.
Local economic growth, on the whole, has been positive. However, there is a group of people that has been left behind:…
