Recruitment opportunities continue through the year as retail sales are showing growth in our two-county Rocky Mount MSA.
Through the first half of 2020, consumer spending has risen by 8.7 % with the state of North Carolina showing a 3.3% decline. Over the coming months and into 2021 look for expansion in these market sectors, Pharma industry to include expansion within pharmacies. CVS to double their square footage on Benvenue Road. Growth in Convenient stores will continue and likely see two additional locations in our city over coming year. Family Fare currently under construction adjacent to Gardner’s BBQ on Hwy 301 N.
The Grocery industries will expand with current trend showing food at home (grocery Retail) out-performing food away from home(restaurant). “Retail has proven to be one of the United States’ most dependable industries. Depending on how the data is categorized, it is either the country’s first or second-largest employer. Despite the rise of e-commerce, the long-term trajectory has been growth for retail sales and jobs.”
Consumer spending for all cities, counties and states as well as our country is a leading indicator of economic vitality. Retail through consumer spending represents 70 % of the United States economy. Consumer spending is keeping the US from shrinking. Rocky Mount MSA through 1st. half of 2020 shows an increase 8.7% while state of North Carolina has declined 3.3%.
Completed options on 250 acres commercial property at intersection of Interstate I-95 & Interstate I-87.
This intersection will ensure future growth for entire area with a population draw in excess of one million consumers in a sixty-minute drive time. Project 95 received approval for new access from Sunset ave. into the southwest quadrant of I-95 and I-87. We will now have the infrastructure necessary to move forward with attracting developers as well as businesses that can increase our consumer spending by projected 15 to 18 percent. This increase in tax base will assist our community in realizing more investment into quality of life projects and protect our position as the principle city in our four-county market, Nash, Edgecombe. Wilson and Halifax counties with a 300,000 population draw.
Working close with CGP to insure new economic vitality into the Gold Rock area of our city generated from the CSX Project. The new investment has already allowed me the opportunity to create along with CGP a Global Logistic Park on 117 acres located at Gold Rock. This land has the infrastructure and the location that will enable opportunity to recruit and encourage much needed warehousing to benefit the CSX Intermodal.
The strategic location of our community adds opportunity for future growth
The Rocky Mount Area Chamber through Business Recruitment in partnership with our city, is preserving and contributing to our cities and counties future growth in expansion.
The most major North South route in the US, Interstate 95, lies at the western edge of our city and is an attraction to retailers and developers, creating increased access to that area of development.
In addition, the renaming of our most major east west corridor US 64 to Interstate 87 are linking areas of dense population west, such as; Raleigh, the fastest growing city in America, Charlotte the Greensboro Triad area and the research Triangle. This East-west corridor connects us to the Greater Outer Banks. This major intersection located in Rocky Mount, NC I-95 and I-87 will now have the ability to maximize our consumer spending through better access to our community while creating a quicker drive time capturing over 1 million people in a 60 minute drive. This opportunity is consider attractive by large retailers and will bring increased tax revenues to our city and two-county area while providing support for new quality of life projects across our two county area, as well as those that already exist, such as the Rocky Mount downtime revitalization producing the Event Center, the sports complex, the Rocky Mount Imperial Center housing our arts center, community theater and museum and much more.
The intent is to bring in new opportunities through retail development that will complement downtown areas from the east to Tarboro and west to Nashville, encouraging more overnight stays that provides more than spending the night but captures increased consumer spending. Recent study performed has demonstrated that we could see a 15 to 18 percent increase in retail sales by capturing interstate travel.
New recent business are the recruitment of developer ( Mosley Commercial Developer - Charlotte) to purchase properties in front of Sam’s club….Sam Club is an above average store that serves four counties Nash/Edgecombe Wilson & Halifax with an $85 mm annual volume.
The results in a close working relationship with Mosley Commercial was to capture Star Bucks co-branded with Kay’s Jewelry, Freddy’s Ice Cream Treats, Popeyes Chicken, Panera Bread and Banfield Pet Hospital….this capital investment exceeded 18 million and over 125 new jobs.
Dairy Queen has opened a successful new store in our community and willing to explore a second location in our community. Family Fare under construction with new convenient store adjacent to Gardner’s BBQ on Hwy 301 N.
A two million dollar capital investment creating 12 new jobs. New Steak House to occupy Ruby Tuesday building on Benvenue Road. Dodge City Steakhouse. https://www.dodgecitysteakhouse.com/
Three new Hotels over past 18 months with Homewood Suites, Marriott Fairfield recently opened and Tru which is under construction. Progress on CVS with their expansion into Rocky Mount growing from 6,000 to 15,000 square feet at the corner of Benvenue and Gold Rock Road. A capital investment in excess of 3 million dollars.
Director of Business Recruitment /Economic Development
Rocky Mount Area Chamber of Commerce In Partnership with City of Rocky Mount