Smooth ride ahead for Cape Fear economy

WILMINGTON, NC (WWAY) — UNCW’S Cameron School of Business hosted a forum to take a look at the Cape Fear economy and how the transportation industry affects it.

Business owners, managers, entrepreneurs and academics gathered at the Swain Center to hear a report on where the economy is and projections for the immediate future.  It was also a chance to hear from panelists about area transportation industries.

Panelists included Julie Wilsey, Director of Wilmington International Airport, Danny McComas, member of NC Board of Transportation and Paul Cozza, Executive Director of NC Ports.  Market forecasts were provided by UNCW’s Thomas Simpson, Ph.D. and Adam Jones, Ph.D.

Jones told the crowd that the Cape Fear region recovered very quickly from the recession and Wilmington is growing into a hub for Southeastern North Carolina.  He says the growth rate has normalized to about 3 percent per year.

Rob Burrus, Dean of the UNCW Cameron School of Business, says growth is robust and it makes the Cape Fear “a really great place for companies to locate.”

The event was sponsored by the Swain Center for Executive and Professional Education and Bank of America.

Categories: Brunswick, Community, Local, New Hanover, Pender

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