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But I don’t see the Triad laying foundational work for long-term growth. RDU / CLT continue to score major Econ. Wins that promise xyz jobs over certain years. And those wins will likely spur more jobs, etc.
Triad wins seen to be more warehouse related. The only thing I can think of with Winston in particular is the continual loss of some major area companies. BB&T for example. Krispy Kreme.
I think Wilmington has untapped potential.
If you don't think that can translate into long-term growth at an average pace at the least, just look at the Greenville-Spartanburg area. Everything doesn't have to be F500 corporate headquarters and tech jobs to be a source of growth. Also, Winston-Salem isn't losing BB&T; it just won't be home to the headquarters anymore but that doesn't mean that the company won't expand there.
The Triad has a solid economic foundation for sustainable growth. Again, just because it's not breakneck growth like Charlotte and the Triangle are seeing doesn't mean it's doomed to stagnancy. Compared to peer MSAs, Greensboro and Winston-Salem are performing decently for the most part.
There’s going to be no spill-over from Raleigh/Charlotte to Triad anymore than they would to Any other city in the US.
I think triad is in a good place short term, a poor place in the long term. BB&T & Krispy Kreme should be red flags that spill over isn’t a sound strategy. The numerous relocations continually pass up Triad for CLT/RDU.
I’m not going to look through rose colored glasses for the sake of being cordial because it’s in NC.
Winston Salem metro is supposed to grow by 6% over the next 25 years vs. 50% Charlotte MSA & 70% Raleigh/Cary MSA. That would put Winston MSA at around less than the current population of Charlotte.
Cost of living is a strong appeal for the sunbelt along with jobs and, well, sun. North Carolina is one of the more attractive Sunbelt states for a variety of reasons. Greensboro in particular is well-positioned because COL will invariably push some people out of the Triangle and Charlotte in the coming decades.
Cost of living is a strong appeal for the sunbelt along with jobs and, well, sun. North Carolina is one of the more attractive Sunbelt states for a variety of reasons. Greensboro in particular is well-positioned because COL will invariably push some people out of the Triangle and Charlotte in the coming decades.
Has that happened in any significant manner in GA where other cities have grown from ATL spill over?
Albany, Rochester & Baltimore doesn’t seem to be getting much spill over
If you don't think that can translate into long-term growth at an average pace at the least, just look at the Greenville-Spartanburg area. Everything doesn't have to be F500 corporate headquarters and tech jobs to be a source of growth. Also, Winston-Salem isn't losing BB&T; it just won't be home to the headquarters anymore but that doesn't mean that the company won't expand there.
The Triad has a solid economic foundation for sustainable growth. Again, just because it's not breakneck growth like Charlotte and the Triangle are seeing doesn't mean it's doomed to stagnancy. Compared to peer MSAs, Greensboro and Winston-Salem are performing decently for the most part.
Greenville Spartanburg... BMW... 9,000 employees not to mention other jobs that followed to be near or directly tied to BMW. Not quite the same as a Harris Teeter distribution center. If Triad scores some major manufacturing, sure
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Originally Posted by Charlotte485
Greenville Spartanburg... BMW... 9,000 employees not to mention other jobs that followed to be near or directly tied to BMW. Not quite the same as a Harris Teeter distribution center. If Triad scores some major manufacturing, sure
Warehouses and manufacturing plants are all automating. Depending on what is manufactured in a plant, they are sometimes looking for welders. Welders are what's called skilled labor. They make very good money. In semiautomated facilities most of the jobs are also skilled labor. Skilled labor can sometimes make as much money or more money than a degreed person. These are not jobs to look down your nose at.
Has that happened in any significant manner in GA where other cities have grown from ATL spill over?
Albany, Rochester & Baltimore doesn’t seem to be getting much spill over
Albany NY? Or Albany Georgia? One isn’t a Sunbelt city and the other is not comparable for other reasons. But in sunbelt states with multinodal towns, namely Florida and Texas, certainly there has been some competitive advantages at play. San Antonio is certainly benefiting from Austin’s rising COL just as Austin benefited from Dallas’ decades earlier. It’s not inevitable or anything, but Greensboro and Winston-Salem were not too long ago the second and third biggest cities and they sit in an enviable physical location (we aren’t talking 200 miles away like Nashville and Memphis).
While I don't see Greensboro and W-S themselves benefiting from CLT/RDU "spillover"... I do see Alamance county leaning that way.
The town of Mebane in particular (sits on the Alamance/Orange county line so technically already in both the Triangle and Triad) is becoming an increasingly popular destination for folks who work in Chapel Hill but want more house/land for their money than the very high COL (relative to the rest of NC) in CH would allow in their budget.
Also many dual-income families where one partner/spouse has a job in the Triangle and the other in the Triad.....Mebane/Alamance County kind of splits the difference.
I mean you can, though when talking about long-term prospects, there is an inherent limitation with past results. But I agree speculation is just that.
While I don't see Greensboro and W-S themselves benefiting from CLT/RDU "spillover"... I do see Alamance county leaning that way.
The town of Mebane in particular (sits on the Alamance/Orange county line so technically already in both the Triangle and Triad) is becoming an increasingly popular destination for folks who work in Chapel Hill but want more house/land for their money than the very high COL (relative to the rest of NC) in CH would allow in their budget.
Also many dual-income families where one partner/spouse has a job in the Triangle and the other in the Triad.....Mebane/Alamance County kind of splits the difference.
I know a few couples in Chatham that do that.
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