Economy

Vince Winkel

Businesses in the Cape Fear Region are facing an uncertain future, with many closing temporarily and some that may never recover. The U.S. Senate is racing to pass a trillion-plus dollar economic aid package. It is likely to include direct aid to individuals, and to small businesses in the form of long term no-interest loans to be paid back starting in 2021. 

Vince Winkel

Officials from Wilmington and New Hanover County held a special joint meeting to discuss the Garner Report. The City Council and County Commissioners gathered Thursday afternoon to grade themselves on the progress made, since the 2014 Garner Report, called “Pathways to Prosperity”, was published.  Of the 21 recommendations on economic development, there is progress to report on several fronts. 

Vince Winkel

The Cape Fear Economic Development Council is a Wilmington-based group that advocates for sustainable economic development.  At a recent meeting, they looked at whether state or local governments are best-suited to lead development efforts.