Since New Hanover County residents first learned in the spring of 2008 that Titan America planned to build a cement plant on the banks of the north Cape Fear River, supporters and opponents of the plan have asserted their owns takes on the environmental and health risks, and debated the merits of taxpayer incentives offered to the company. But one important area of concern has often been overlooked: the proposed plant’s potential economic impact.
The Cape Fear Economic Development Council (CFEDC) will host a presentation on the issue Nov. 27, 6-7:30 p.m., at the WHQR Gallery, 254 N. Front St., Suite 300. UNCW Cameron School of Business professor Craig Galbraith
will discuss “The Impact of Cement Manufacturing on Economic Growth in the Cape Fear Region,” a recent study commissioned by the North Carolina Coastal Federation and the only comprehensive economic analysis of the project. A question and answer period will follow.
No economic impact studies were commissioned by New Hanover County or the state of North Carolina, even though taxpayer incentives were offered to the company to encourage development of the plant.
“This issue has been described as a clash of the old and new economies in our region, and regardless of what happens in this case, it is important for the public to understand how we arrived at this point, and how we can avoid similar ill-considered economic development decisions in the future,” said Lloyd Smith, CFEDC secretary.
The event is part of the organization’s bimonthly “CFEDC Presents” series. Refreshments will be served from 6-6:30 p.m. during a time for networking and open discussion.
The CFEDC is a non-profit organization working to fulfill the need for leadership in sustainable economic development and job creation in Wilmington and the Cape Fear region.