We had a great time hosting a coffee at one of our favorite coffee spots - Local Roots Coffee Bar & General Store. It was a great discussion with about 12-15 local business leaders from different industries about how the national economy could or is impacting our regional and local economy and how best to start planning moving into 2020.
Most folks were still pretty upbeat about where things are. Couple quick takeaways:
- growing demand by millennials and other buyers for real estate
- still tight real estate inventory
- car buying is still hot
- seeing growth start some cresting with some global manufacturing
- Northern Guilford - Northern Forsyth and Stokes could become a growth area
- Inverted Yield Curve has about an 18 month lag
- US economy still strong and global investments still being made even though our interest rates are higher than other parts of the developed world
- big driver to growth is labor - companies go where labor market is good.
- regionalism is not just WS, Greensboro, HP, Kernersville but Charlotte to Raleigh corridor...thats where big industry looks not just the "triad" region
- 2020 recession outlook - if one, should be short and shallow and driven by trade issues with China and slowing global markets
We appreciate the following business leaders for joining us:
- Kevin Bugg - State Farm Agent
- Beth Wiles Potts-PNG
- Joey Herman-Epes
- Pillar To Post Steve
- Mr. David Neugent-Merrill Lynch
- Heather Bowers Cross-Fidelity
- TOK Alderman Jenny Ingram Fulton
- LuAnn Davis Kernersville Mortgage Loan Officer NMLS 113055
- Mike Fogleman-Deere-Hitachi
- Dana Caudill Jones- Caudill’s
- Jason Grubbs- Coltrane Grubbs Orenstein, PLLC
- Jonathan Smith-Davidson Craven Capital
- Brooke Cashion
- Lisa Chrystie - Brooke Cashion and Associates
- Daphne Moore - Brooke Cashion and Associates
- Jill Petras - Brooke Cashion and Associates
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