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.
Beyond recruiting new companies such as Haakon Industries and Fox Factory, the Asheville-Buncombe County Economic Development Coalition supported workforce development and local startups during fiscal year 2018-19. The Buncombe County Board of Commissioners learned about the return on its $350,000 EDC investment at an Aug. 20 meeting.
Part Two of the beer industry sustainability series explores the challenges and successes of new breweries entering an established, competitive market.
Positive economic news keeps coming, with Buncombe County boasting the state’s lowest unemployment rate for 38 consecutive months, and numbers showing strong growth in most sectors of the local economy.