Good Positive Economic News for Wilmington

According to local economists, we can look for a good year in the Cape Fear Region. UNCW economics Professor has predicted a 4.5 percent growth for the local economy of Brunswick, New Hanover and Pender Counties.

Wilmington seems to always weather the storm with its diverse and dynamic industry in the region. The downtown boom has been fueled by PPD with their new high rise world headquarters on the Northside. In addition, the North Fourth Street has experienced tremendous revitalization this past year.

New Hanover County has approved an incentive package for General Electric-Hitachi Nuclear Energy and Invista that could create over 1000 jobs. As the nuclear business resurges, GE has signed 3 new contracts for its new generation boiling water reactors and other nuclear components.

Brunswick Corp, the world's largest boat builder, took over the Rampage Yachts plant in Navassa in the summer of 2007. It will eventually employ over 850 workers.