The United States has undergone one of the longest periods of continuous economic growth in recent history. There is high employment, low inflation and consumer confidence in the economy. The stock market is strong and companies, particularly those involved with high technology are reaping enormous profits. Business investment in new technology continues unabated. And, wonder of wonders, even the Federal government may soon have a balanced budget and a diminished national debt.
What is wrong with this picture?
These economic gains aren't happening everywhere. Many small communities are in crisis as industries have moved or closed as a result of global competition.
The image below is of Fieldcrest Mills A Pillowtex Company).
Textile Industries such as this are under duress. |
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Corporations seeking potential business sites would do well to consider Martinsville and Henry County, Virginia and all that they have to offer. |
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Martinsville and Henry County, Virginia are dealing with losses in the textile sector of their economic base. They have created business parks and other facilities. Rather than reduce services this community has worked to keep services available. Water, waste treatment, power, gas, digital communications, and access roads are maintained. Education and training programs have been created as a means to maintain a skilled, world class workforce. Economic development issues are at the forefront of state and local government planning, as is the development of the new interstate I-73. All these factors portend future growth and new business development for the area.
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