We are starting a new year and a new decade with the benefit of an economy continuing to break record numbers. GDP is growing; manufacturing companies continue to onshore; interest rates are at record lows; and, inflation has stayed in check. What a great environment for business! Well, there is one downside to this record growth, the availability of labor. Labor shortages are starting to hinder the ability of many companies to continue their expansion plans.
While major metros suffer from limited labor due to higher labor rates and employee job shopping, there are pockets of stable, well-priced labor available. One such location is Fayetteville, NC. Fayetteville has an enviable solution to low employment rates, in close proximity to the largest military installation in the US based on population. Fort Bragg, adjacent to Fayetteville, has 7,000 “proven” US Military service members exiting the military every year and returning to the workforce.
As an employer, who wouldn’t want a highly disciplined, highly trained, drug-free employee on their team? Though a portion of this invaluable and formerly untapped labor pool is returning to their hometowns, many of these dedicated young men and women are being retained in the local economy as detailed in the July 17, 2017 article ‘Fort Bragg to Open New Career Resource Center on Post’ from the Fayetteville Observer. In addition to the former service member, related spouses and working age young adults in the household drive this number even higher.
This program is in place to transition soldiers into the local workforce while partnering with local companies and organizations. So, while this extremely important component of the US economy called “labor” is becoming scarcer by the month, Fayetteville, North Carolina’s sixth largest city (of 550,000 CSA) and the state’s youngest Metro average age of 29.2 years should not just be shortlisted…it should be the strategy location for your long- term expansion plans.
The Hollingworth Companies has a 259,000 SF facility currently available in the Fayetteville market and commercial land for a quick turn, built-to-suit industrial facility starting at 100,000 SF. For additional information, contact Tom Mann at 865-457-3701.
"I fully recommend working with The Hollingsworth Companies if cost or time driven schedules play a part in your company's opportunity because they do deliver within budget and on time with no change orders or surprises." -- David B. Sutherland, CMS Companies
"Southern states are home to 50 million more residents than the Northeast. In corporate growth, only the South has shown a positive net migration in the early 21st Century." -- Plano Star Courier
"We invited The Hollingsworth Companies to our Atlanta Offices. Within two weeks all negotiations were completed and the lease was executed. From beginning to end, it only took 45 days to complete our requested up fits." -- David B. Sutherland, CMS Companies
"The bottom line is that we could not be more pleased with our Hollingsworth Companies experience." -- Karl F. Hielscher, President and CEO, Metl Span
“From greenfield startup to becoming a national industry leader 10 years later, Hollingsworth continues to play an invaluable role in Service Center Metals growth and success.” -- Scott Kelley, President and CEO, Service Center Metals
"Hollingsworth entered an agreement to ensure quick delivery of the pre-approved standard building sizes . We are committed to deliver the structural steel, ready for erection, in just 6 weeks from receipt of a final building order." -- Jeff Carmean, General Manager, Nucor Building Systems
"Joe Hollingsworth participated as one of our first equity investors. In addition, Joe Hollingsworth has served as a board member and leading advisor for strategic planning and direction." -- Scott Kelley, President and CEO, Service Center Metals
