Skip to main content

Anson County's Standard Wage Rises 2.4% For 2019

At the start of every calendar year, the State of North Carolina issues a listing of wage standards for each county. While these standards are derived through a complex formula that takes a number of factors into consideration, they can be thought of as the "average" hourly wage a private-sector worker in the county can be expected to earn. These wage standards, in addition to providing a rough gage of the economic vitality of the community, are used by the Department of Commerce to determine eligibility for a variety of different economic development programs. As a general rule, to qualify for state-level incentive programs, the new jobs created by a project must meet the wage standard for the county in which the company plans to locate. This makes the wage standards something of a double-edged sword; a lower wage indicates a less prosperous community, but could also give that community a recruiting advantage compared to neighboring counties with higher wage standards.

The best possible scenario from an economic development standpoint is a steadily rising wage standard that remains slightly below competing communities, and that is exactly what we have in Anson County. Our 2019 wage standard is $16.04, up 2.4% from $15.67 in 2018. Among surrounding counties, that is a solid rate of increase while still remaining competitive overall.

  • Montgomery        $17.27          $16.60             +4.0%
  • Richmond            $16.35          $16.20             +1.0%
  • Stanly                  $15.91           $15.67            +1.5%
  • Union                  $21.09           $20.49            +2.9%
  • NC                      $23.95            $23.35           +2.5%
All things being equal, would we prefer to have a standard wage of $21? Of course. But relatively speaking, we have a solid position among our peers and a strong story to tell the companies we are recruiting.

Comments

Post a Comment

Popular posts from this blog

Pee Dee Electric Honored as the Energizing Anson Industry of the Year

Pee Dee Electric, a leading provider of reliable and affordable electricity in the southern Piedmont region, has been recognized as the Energizing Anson Industry of the Year. This prestigious award acknowledges Pee Dee Electric's outstanding contributions to local industry and its commitment to powering progress and prosperity in the Anson County community. Since 1938, Pee Dee Electric has demonstrated unwavering dedication to delivering high-quality electricity services to its members. Through innovative solutions and a customer-centric approach, the cooperative has played a pivotal role in driving economic growth and improving the quality of life for residents and businesses in the Anson County area. "We are incredibly honored to receive this award, and we see it as a testament to the hard work and dedication of our entire team," said Cathy Page, speaking on behalf of Pee Dee CEO Donnie Spivey. "At Pee Dee Electric, we take great pride in not only providing reliabl...
Post a Comment
Read more

Anson Economic Development Corporation Welcomes New Executive Director

The Anson Economic Development Corporation (AEDC) is pleased to announce the appointment of Randy Collins as its new Executive Director. With a proven track record driving economic growth and fostering community development, Collins brings a wealth of experience and strategic leadership to propel AEDC's mission forward. In his new role, which he will assume September 1st, Collins will be responsible for spearheading AEDC's efforts to attract new businesses, promote job creation, and enhance the overall economic vitality of the Anson community. He will collaborate with local stakeholders, businesses, and government entities to identify opportunities, develop innovative initiatives, and drive sustainable growth. "We are thrilled to welcome Randy Collins to lead the Anson Economic Development Corporation," said Don Scarborough, Chair of the AEDC Board of Directors. "His diverse background and his passion for community engagement make him the perfect fit to guide our...
Post a Comment
Read more

AnsonEDC welcomes Thomas Cureton

We are thrilled to introduce our new product development consultant, Thomas Cureton, who will be overseeing all current and ongoing construction projects. With his extensive experience in the industry and proven track record of successful project management, we're confident Thomas will be a valuable addition to our team. Thomas is a graduate of Wingate University and a veteran of the U.S. Army who served with distinction in Vietnam before returning to Wadesboro and working for many years in the textile industry, where he was responsible for building maintenance and construction. He founded Cedar Hill Manufacturing in 1992, and built that facility in Ansonville. We are looking forward to working with Thomas and benefitting from his decades of construction experience in our projects at the Wadesboro Industrial Park, the Atlantic Gateway Logistics Park, and future sites to come.
Post a Comment
Read more