Business Parks outside Ft. Bragg Slow to Develop
- January 30, 2012
Since 2009, Fayetteville, N.C., has been among the nation’s leaders in several economic indicators, yet economic growth in Cumberland County, which borders Fort Bragg’s southeastern perimeter, has failed to meet expectations regarding the impact of BRAC, reports the Fayetteville Observer.
Projections that the addition of Forces Command and Reserve Command to Bragg would attract 1,000 defense contractors remain unfilled, while three new business parks in the county are largely undeveloped.
Economic development doesn’t happen overnight, however, according to two university economists. “There’s always a lag. This is not at all surprising,” said John Kasarda, a professor at the University of North Carolina at Chapel Hill. “You may see movement in a year or so, but BRAC won’t fully manifest itself for another five to 10 years.”