Guilford ranks high in new index

Dec. 19, 2012 @ 08:32 PM

A Pittsburgh-based consulting company has picked up on what’s going on with the growth and expansion of businesses in Guilford County.
Guilford and Durham counties rank among the nation’s top 10 large-sized Fourth Economy communities, according to a new index created by Fourth Economy Consulting.
Durham County ranked first and Guilford County third as communities that are ideally positioned to attract modern investment and managed economic growth. Fourth Economy Consulting created the index in 2011.
Expansion:  Greensboro and surrounding Triad communities have been the pacesetter with business growth including 40 businesses relocated and expanded in downtown Greensboro and more are set to move in. This year,  local governments approved incentives for Solstas Lab Partners and Stanley Furniture Co., both in High Point,  Culp Inc., and OFS Brands, also in High Point. Educational institutions, which also boost the FEC index, range from Gateway University Research Park to Wake Forest University and the University of North Carolina at Greensboro. 
Leader: Home to Duke University, a historic downtown center, and a technological prowess, Durham County has capitalized upon its academic resources and potential for discovery at Research Triangle Park and companies such as IBM, Cisco, NetApp, and their research teams have taken root in the area.
The Fourth Economy communities have demonstrated a blend of both rural and urban character, offering their residents diverse living and working options.
“Another common attribute is a geographic association with institutions of higher education, which are the modern engines of the fourth economy. As a result, these communities can provide the talent and place-based strategies that address housing, recreation and amenities for smaller, high-value businesses to thrive,” said Stephen McKnight, Fourth Economy vice president of Community and Market Assessments.
The FEC Index considers several county-level measures five areas that serve as a foundation for future economic success.: 1) Investment, 2) Talent, 3) Sustainability, 4) Place, and 5) Diversity.
dnivens@hpe.com | 888-3626

 

Praise

Guilford County: A diversifying economy and a strong sense of entrepreneurship will set the ball into motion, leading Guilford County to a prosperous future.
Durham County: Boasts a quality of life that many counties of its size envy.
The Top 10: Durham County: Sedwick County, Kan.; Guilford County; Linn County, Iowa; Onondaga County, N.Y.; Dakota County, Minn.; Lehigh County, Pa.; Polk County, Iowa; Kalamazoo County, Mich. and Hamilton County, Tenn.

Source:  Fourth Economy Consulting, a national economic development consulting firm.

Guilford ranks high in new index