NC State Ag Economist Dr. Mike Walden – “North Carolina Has Both Kinds of Growth”

 

Mary:  This is Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program looks at how North Carolina has both kinds of growth.   Mike, cities do not grow at the same rate.  Recently, a nationally renowned urban analyst said there were two kinds of fast growing cities.   What are the two kinds, and does North Carolina have examples of them?

Mike:  Summary Answer

  1. First kind we’ll call “hip” cities
  2. Their economies are based on tech firms and they attract young highly educated workers with their commercial and recreational amenities
  3. Second kind is termed “opportunity cities”
  4. Cities with room to grow, a lower cost of living, and modest regulations
  5. In NC, Raleigh certainly fits as a hip city – tech sector, world class universities, booming downtown with new things to do
  6. Charlotte would be more like an opportunity city – economy is based on established banking and warehousing sectors – but also has space and amenities
  7. And certainly both Raleigh and Charlotte are growing
  8. I’m MW

Mary: And I’m Mary Walden for the North Carolina Cooperative Extension Service


Leave a Reply

Your email address will not be published. Required fields are marked *

*