Three things about local economic development

Three things about local economic development

After years of post-recessionary caution, federal tax cuts have encouraged businesses and individuals to take on modest amounts of additional risk, according to US Rep. Patrick McHenry. “That is something people have been very fearful of doing for a long time,” McHenry told an audience convened by the Isothermal Planning and Development Commission. NC Secretary of Commerce Tony Copeland said that as statewide economic development obstacles have been cleared, new ones have arisen at the federal level in the form of rising tariffs. “For our farmers, an $8 bushel of soy beans will be $4 more,” Copeland said. “On 50 million bushels of soy beans that’s real money.”

 

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