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Article: Continued growth makes North Carolina attractive to buyers.
- Article from:
- The Bond Buyer
- Article date:
- June 12, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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North Carolina has come a long way since the days its economy relied on textiles, furniture manufacturing, and tobacco.
The state's economy is growing in several nonmanufacturing sectors most notably trade, financial services, and construction.
Nonmanufacturing employment growth is expected to average about 2.7% through 1997 and 2.3% through 2000 - among the strongest growth rates in the nation, according to analyst Bernhard Fischer of Standard & Poor's Corp.
In addition, Fischer says, North Carolina emerged from recession in 1991 with strong job growth in the retail sector, durable goods manufacturing, high-tech, and health and pharmaceutical ...