Friday, November 15, 2013

Manufacturing Update



November 15, 2013

Furniture Market Follow Up

The October 2013 High Point Market recently concluded and the overall mood was very positive with reports from many we talked to of great success in orders taken.  Optimism is a word that for many years was not part of the discussion around our market and so it is exciting to hear of positive outlooks for the industry future.  The year started with the concern over the Governor's first draft of the NC State Government budget showing an allocation to the market of approximately 50% less funds from the previous budget.  ultimately the final draft included $1.85 million in state funds directed to the High Point Market.  What was the result of this $1.85 million "investment" in market?  Doug Clark of the Greensboro News & Record recently published "The Mighty Market" article summarizing the economic impact to the region.  The link to this article is here:

The Mighty Market - News & Record November 10, 2013

Some highlights from the article:
High Point Market by the Numbers
  • 12 Days
  • 2 Markets
  • 150,000+ Attendees
  • 37,616 Jobs created
  • $197.9 Million tax revenue to NC
  • $25.5 Million tax revenue to High Point
  • $5.4 Billion (with a "b") overall regional impact
Thanks for visiting our blog!  Have a great day and make it here!

Karl

If you would like to discuss this or any other manufacturing related topic, please contact us as indicated in the signature line below:

Karl Sherrill, CIC, MBA Business Insurance Consultant
Senn Dunn Insurance
P.O. Box 5969, High Point, NC  27262
1400 Eastchester Drive, High Point, NC  27265
www.senndunn.comksherrill@senndunn.com
Direct: 336.899.2404Mobile: 336.430.5588
Fax: 336.841-5319
Toll Free: 800.849.1616

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