According to the Economic Development Coalition for Asheville-Buncombe County’s most recent annual report, the coalition attracted just $20 million in capital investment to Buncombe County in fiscal year 2019-20. That figure is down nearly 40% compared to the $33 million invested in fiscal 2018-19.
The longest economic party in U.S. history isn’t quite over yet, economist Bernard Baumohl told a capacity crowd at the Metro Economy Outlook hosted by the Asheville Area Chamber of Commerce on Oct. 24. But fears of recession and “acts of human folly” clouded his assessment of otherwise strong market fundamentals.
