Thinking about greener cities that does not take its name for granted in the state of North Carolina. The name Greensboro keeps popping up. Conveniently located in the middle of Raleigh and Winston-Salem, Greensboro is the third most populous city in the United States of North Carolina. It boasts of a rapidly developing health care industry, attractions like galleries, events like canoeing, video festivals and Carolina films.
Economic and industrial viability of Greensboro
Besides the various sight and sounds in Greensboro, the city boasts of a strong economy, with a growing market and talented workforce. Greensboro is a city with a competitive business environment. The city bases its economy drive on the existence of local industries such as textile, tobacco and furniture industries making it one of the main industrial hub in the state of North Carolina. Greensboro boasts of the existence of various companies that produce aircraft, automobiles and also financial institutions. Hence, there is a need for more accommodation paving the way for a better prospect in the real estate business.
An emerging economy with Job market increase
Greensboro’s economy has witnessed tremendous growth in the job market by 1.4 % when compared to 1.6 % of the United States with projections of future job growth of 31.5% in the next few years. Greensboro leads among the cities in North Carolina in the manufacturing industry by 11.9 %. Its 6.8 % sales tax achieved over the last few years is higher than that obtained in the United States. These achievements make the city experience the influx of investors, skilled and unskilled workers into the city. Various businesses established in the city increase the employment rate is leading to an increase in competition in the real estate market, a business that will continue to thrive in the coming years.
High demand for accommodation
Greensboro is witnessing a rapid influx of both highly skilled talents, unskilled talents and other class of citizens due to its economic and social development thereby increasing the demands for housing in the city. There is presently a huge demand for homes in many popular areas of the city. This rise in demand is causing the rental rate and asking price to increase, thereby increasing the need for more accommodation.
Corporate taxation system and incentives
If you hope to establish a real estate business in an expanding new market that is experiencing tremendous growth in recent years, then you can decide to have your real estate business in Greensboro. The city has a friendly taxation system new business with guidelines and policies for assisting new and expanding businesses. Incentives are offered to businesses and companies based on their prospect, performance and capital investments. Starting a real estate business in Greensboro urban locations also qualifies your business for increased incentives.
Controlled environmental related issues
Greensboro has implemented green initiatives in transportation through programs such as the higher education area transit and specialized community area transportation. It also undertakes the energy efficiency management and sustainability to take the lead on related environmental issues. The city management has fully embarked on the replanting of trees destroyed by a natural disaster to keep the city green. All these make the city the best place to live thereby increasing the demand for more accommodation