Here’s a detailed breakdown of New Bern’s exciting economic progress, highlighting job growth, increased wages, infrastructure improvements, and what it all means for the local community.
Key Takeaways
- $11M Investment and New Jobs
- Chatsworth Products (CPI), a global IT equipment manufacturer, is significantly expanding its New Bern operations. This $11 million expansion will initially bring 45 new jobs to the area, with positions offering average annual wages of $50,224, which is notably higher than Craven County’s average wage of $48,000.
- The company’s future plans include the potential for increased investment of up to $15 million, which could create up to 150 additional jobs over the next five years, solidifying CPI’s role as a key employer in the region.
- These new roles will address several critical areas, including machine operation, packing, and warehouse management, providing stable employment opportunities for residents while boosting the local economy.
- Stronger Local Wages
- The expansion by CPI means more than just job creation—it directly impacts household incomes. The competitive wages offered for these new positions are expected to boost local incomes by over $2.2 million annually, providing long-term economic stability for families in the area.
- This wage growth not only benefits employees but also stimulates local businesses by increasing consumer spending power, which helps strengthen the city’s overall economic foundation.
- Tourism Powers the Economy
- Tourism continues to be a powerhouse for New Bern’s economy. Visitor spending in 2023 reached an impressive $178 million, directly supporting 1,288 jobs in the hospitality, retail, and service industries.
- This sector generated a payroll of $44.6 million, illustrating how vital tourism remains to the local job market and community well-being.
- Events like the popular Arts in April festival draw visitors to the area, showcasing New Bern’s rich culture, history, and vibrant downtown. These attractions not only bring in revenue but also enhance the city’s reputation as a must-visit destination in North Carolina.
- Infrastructure Projects Underway
- Significant infrastructure investments are positioning New Bern for future growth. The U.S. 70 project aims to improve transportation safety and connectivity within the region, making it easier for businesses to thrive and residents to commute.
- Additional plans include a proposed $25 million federal grant for upgrades along Neuse Boulevard, which will enhance road safety, traffic flow, and access to key areas of the city. These projects reflect a commitment to modernizing the city’s infrastructure to meet the needs of its growing population and economy.
- A Growing Community
- Beyond jobs and infrastructure, New Bern is investing in its quality of life. Upgrades to public spaces like the Broad Street Pier and ongoing downtown revitalization efforts make the city increasingly appealing to residents, businesses, and tourists alike.
- These investments are transforming New Bern into a thriving, livable community with a mix of historic charm and modern amenities, attracting new families and professionals to call the city home.
Why This Matters
These developments showcase New Bern’s emergence as an economic hub in North Carolina. From job creation and rising wages to improved infrastructure and a booming tourism industry, the city offers a wealth of opportunities for its residents, newcomers, and investors alike. Whether you’re looking for a career change, exploring real estate, or simply enjoying the vibrant community, New Bern’s growth is paving the way for a bright future.
Want more updates about New Bern? Visit SupportNewBern.com for insights on jobs, real estate, and community happenings.
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