County and city leaders partner for economic development plan

WILMINGTON, NC (WWAY) – New Hanover County leaders as well as Wilmington City leaders introduced a new economic development plan Wednesday.

The county has approved $323,000 for economic development for next year’s budget.

The county has also hired an outside consultant to help uncover new opportunities for residents living in the county.

Jay Garner has been hired as a consultant and will be paid $92,500 plus travel costs.

Both city and county leaders hope this economic development plan will attract and retain new and expanding businesses.

Some maybe wondering why we need another strategic plan when we already have existing groups; Wilmington Downtown Incorporated, Bring It! Downtown and the City of Wilmington’s Vision 2020.

“The fact that we have so many different groups is not a negative, but it has lent itself in recent years to have a fragmented message,” said Woody White, County Commissioner Chairman.

The city and county will co-chair this initiative in partnership with UNCW and Cape Fear Community College.

Through this process more than 100 community partners will work together to help enhance the economic vitality of the community.

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More Wal Marts/Pantry Stores/and Restaurants please!

Bring in jobs that pay a decent wage. The economy in this area is not going to grow off of jobs paying $25K-$30K a year.

You have to wonder why lowering taxes is never taken as an "economic development program". That's what actually works best!

But only under specific circumstances.
Reagans worked as he also flooded the system full of money (monetary easing) and he started with low debt. As debt started rising he had to increase fees (taxes) in some specific areas to offset the increasing debt. Even after doing THAT he still raised the national debt over 150%.

George W's tax cut worked ONLY in conjunction with easing monetary policies AND standing by while government, industries and individuals piled on huge amounts of debt. When money became much harder to get, the economy collapsed, yet taxes remained static - indicating to me that tax cuts themselves are no panacea.
Now Obama's stimulus had a very large tax cut component, and FED RES easing but debt was already high so his stimulus didn't work as well as expected. We are slowly coming out of "it" - even after raising some taxes.
There's way too many factors to consider before making such blanket statement like that.
And paying off the debt is better accomplished while the recovery is perking along nicely (which it is not now). Austerity has been shown NOT to work - Greece now has 27% unemployment and the austerity argument here in the U.S. seems to have been dismissed.
Employment, to me, seems the way to get increased revenue (more people working = more tax revenues). Along with this is a need to target specific spending cuts.
But tax cuts in todays economy? Wouldn't do a thing.........except drive the deficit up.
Vog

They can't line their pockets with tax reductions.

If anyone in City Council happens to read your comment here...they will need CPR!
What a story that would make huh?