You are currently viewing New Hanover County’s economic future is bright, but needs polishing

New Hanover County’s economic future is bright, but needs polishing

Much has changed since New Hanover County passed its last economic roadmap in 2015, including the onset of the COVID-19 pandemic.

Hanover’s new leaders were recently given updated targets for the county in a new economic report prepared by business consultancy firm Greenfield. The analysis outlines the county’s strengths and past growth as well as opportunities and challenges for future economic growth.

The newly presented report is expected to update the Gardner Report, a set of economic development goals that was commissioned by the New Hanover County Board of Commissioners in 2014.

Some of the report’s goals — like extending water and sewer lines along US 421 to spur business growth — have been achieved while others are still in progress or have been postponed.

New Hanover County is in good economic shape, having received a AAA bond rating from Moody’s since 2010 and a AAA rating from S&P since 2013.

Leave a Reply