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Mills River Talks Road Work, Town Park, Economic Development

January 26, 2018

For local economic development organizations, the town gives annual contributions of $15,000 to the Henderson County Partnership for Economic Development and $12,000 to Agribusiness Henderson County. Will Buie, with the Partnership, shared the work it is doing to attract new businesses and industries to the county and to expand those that are already here. Manufacturing in the county represents $606 million in total property values, he said, and has a job multiplier of 1.8 in the county, meaning that for each of the more than 5,300 manufacturing jobs, 1.8 are supported elsewhere. The average wages for those manufacturing jobs is more than $52,000 per year, an annual payroll of more than $275 million, Buie said. It’s also a total tax contribution in the county of almost $268 million. From 2012 to 2017, he showed, more than $631 million in new taxable industrial investment and the creation of 1,733 new direct jobs have been announced in the county. “This reduces taxes for everybody, with the industries basically carrying a quarter of the load,” Buie said. “They basically pay for a number of the quality of life things that we all enjoy.”

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