3540 Clemmons Road, Suite 112 Clemmons, NC 27012
(336) 970-5100

Economic Development Report

Lewisville-Clemmons Chamber of Commerce

Economic Development Report – January 8, 2013

By: Dana Lu Bryson, DLBryson@bellsouth.net – Owner, Village Inn Event Center

When many of us hear the term “economic development”, we think about recruiting new business to the area. Although that may be a part of it, it also includes bringing economic health and prosperity to a community. This can come by way of business retention and expansion, small business and entrepreneurial development, and tourism and retiree attraction. Other components include promoting and preserving a community’s civic life, educational system and the aesthetics of the area.

Another definition of Economic Development:  the planned and guided growth of business that brings new energy and affluence to the community not only in the form of new jobs and higher wages and salaries, but also in terms of better education, stronger infrastructure and a more rewarding lifestyle.

Also, the process by which a community creates, retains, and reinvests wealth and improves the quality of life.

After speaking with a few business leaders about economic development, the one resonating similarity in definitions is an all encompassing phrase: promoting “the Quality of Life”.

This monthly report is based on these points and broken down into three categories:  Residential and Commercial Economic Development, and Large Events that attract Visitor’s to the area.

Overall:  We’ve seen development in Institutional and Multi-family units, and the residential development has been flat.

Commercial

New Skilled Nursing Home development at the Harper Rd./Fair Oaks “Elms at Tanglewood”. Lutheran Services of the Aging are building behind the existing facility.

New Assisted Living development across from West Forsyth YMCA “Carrillon Assisted Living”.

Novant is anticipating a COA to open an Emergency Room in April for the facility next to Morgan Elementary on Harper Road called Clemmons Medical Center. This is expected to employee 80 full-time employees.

Wake Forest Baptist Health’s West Campus is scheduled to open late summer.

At a January Clemmons Village Council meeting there will be a proposal for a 312 unit apartment complex at a proposed site in Village Point which is behind Panera.

Yadkin River Greenway Projectthe plan ties ongoing and future projects together.  It connects Asbury Place to Tanglewood Park to the Yadkin River and Harper Road to the Village Point Greenways. It includes a proposed sidewalk and bike trail connector to Tanglewood which will connect Recreation, Businesses, Restaurants, Schools, and Parks. The Village of Clemmons just received funding for a few segments of the plan and preliminary construction. It will take approximately 2 years to develop.

There are is a Medical Office complex on Shallowford  Rd. Williams Road under construction. It’s part of the Wake Forest Baptist Heath and will be called Lewisville Family Medicine. The crew is putting the brick and roof on it now, so should be opening in the Spring.

Milner’s American Southern announced they will be opening a restaurant called “Brothers” in the former I Bambini building late February.

Residential

There hasn’t been any subdivision growth and no new site approvals since 2007, and on brighter note, there are no foreclosed neighborhoods.

Events

Forsyth and Davie Country areas are fortunate to have secured the North Carolina Jr. State Closed Tennis Tournament, on of the most prestigious Jr. Tennis Tournaments held in North Carolina. This tournament will bring into the area 350-400 of North Carolina’s best junior  players ages 8-18 years old, along with their families and friends for this 4-6 day tournament duration resulting in increased utilization of the areas’ goods and services – good for the local economy and good for junior tennis.