Cumberland County ranks among top NC counties for business growth

The growth in incoming investment in Cumberland County is among the highest in the state, according to a recent study.

The SmartAsset study analyzed the places across the U.S. receiving the most incoming investment, and studied three metrics: business establishment growth, gross domestic product growth and new building permits, according to the study’s website. SmartAsset is a financial advising company that specializes in retirement, financial literacy and matching advisers to clients.

Cumberland County ranked eighth in North Carolina with 16.46% business growth; $6,584 gross domestic product growth; 5.40 new building permits per 1,000 homes; and a 1.61 gross domestic product growth index, according to the study.

Traffic backs up on Morganton Road at Skibo Road near the Cross Creek Mall. Cumberland County ranked among the top counties in North Carolina experiencing for significant growth in gross domestic product, according to a SmartAsset study.

Mecklenburg County ranked first, followed by Wake County, Guilford County, Buncombe County, Forsyth County, New Hanover County and Durham County. Cumberland County is followed by Union County, with Iredell County in the 10th spot, according to the study.

Jones, Gates, Graham and Hyde counties are some of the lowest-ranking counties in the state, according to the study’s interactive map of North Carolina’s GDP growth.

Source link

You may also like