I have a subscription to a daily review of news items prepared by US News and World Report for ICMA – the International Association of City/County Management.
Wednesday's edition referenced a Wall Street Journal article that said economists are changing their minds about the recession. Evidently "it took a detour." Wachovia economist John Bryson now says the chance of a recession is 45% which is down from 90% in April.
This is good news because what I see here in Hillsboro contradicts the notion of a recession as well. Two key indicators everyone here can see for themselves. Rod's Tires is building additional space and Elcon Electric is building a new building. Both are in our Hillsboro Heights subdivision. The two other indicators are the agreements the council approved this week selling land for two more businesses to begin. We are keeping a number of other eggs warm waiting for them to hatch.
These activities make the opportunities we will have with Buxton and their retail business possibilities more positive. When we can go into a potential business partner and cite the activity it is hard for a business partner to ignore us. They want to be where things are happening. Right now, things are happening.
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