Wilmington Hosts State Economic Development Board

The Surf Club at Wrightsville Beach was the site of a November meeting of the North Carolina Economic Development Board, an advisory panel comprised of top business, government, educational and non-profit leaders from around the state. The two-day meeting included presentations by executives from biotech contract researcher PPD, as well as site visits to UNC Wilmington and Screen Gems Studios. The board also heard from local and regional economic development officials.

“In this business, you cannot operate in a silo,” said Scott Satterfield, president and CEO of Wilmington Industrial Development (WID), which directs business recruitment and industry retention for New Hanover and Pender counties. “As somebody who’s clearly seen the benefit of the regional commissions, I believe they are absolutely critical to this region and the state.”

NCSE Director Steve Yost joined John Chaffee, his counterpart from the neighboring Eastern Region, in presenting an overview of the state’s network of regional development partnerships. “What we do very well is leverage resources -- technical, financial and human resources,” explained Yost, Regional partnerships add scale to the expertise and business contacts that are key success factors in job creation and retention programs. “Economic development is partially about knowledge and partially about relationships,” said Chaffee, whose organization is based in Kinston, N.C.”