Leading from the Left

Thursday, April 09, 2009

Exciting Economic Development Opportunities in Hillsborough

UNC Hospitals is looking at building a facility in Hillsborough. I'm very excited about this opportunity as it opens new doors for us in terms of Economic Development. When a medical facility locates in an area, other businesses opt to locate near by: restaurants, hotels, doctors offices, etc.

But, more importantly, if local governments are proactive and plan property, a hospital can become an economic engine for a community. Our economic development team can build a cluster of businesses around this hospital that expands our commercial tax revenue significantly in years to come, thus taking some of the tax burden off of residential property owners. The decision that UNC Hospitals seems poised to make could transformative for our community.

Read the N&O article here.