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View Full Version : Cary's strengths and weaknesses (per the EDC)


StanN
12-17-2005, 03:43 PM
The following are comments on Cary's strengths and weaknesses made by members of the Economic Development Commission.

Some are worthy of discussion. I've boldened a few that caught my eye.

Strengths:

Racial/ethnic diversity

Education

Location

Transportation

Welcoming atmosphere, open to newcomers; people quickly feel like they’ve been here a long time

Well-planned community – wider streets, upscale amenities

Low crime rate

Water - Cary has a spare capacity for water/sewer; in times of drought, Cary has water when other communities do not

Good place to raise kids, things for them to do

Parks, community centers

Upscale, aesthetics are pleasing

Some room left for development

Somewhat recession resistant – State Capitol nearby, many universities

Stable, highly educated workforce, diversity of jobs – no “trailing spouse”

Strong regional leadership – 2-year turnover is a stabilizing factor; two term cycles creates cohesive Town Council – keeps things issue oriented, not personality oriented

Responsible, professional Town Manager, staff

Ability to work effectively with other communities – Raleigh, Apex – Durham Bulls, Carolina Hurricanes; water authorityw Convenience to airport, yet we don’t hear airplanes

Chamber of Commerce contributes immensely to positive growth; good coordination with private sector

Taxes are third lowest in the county


Weaknesses:

Lack of venture capital, difficult for business owners to grow their business

Infrastructure still remains private – roads (poor quality, excessive potholes, traffic congestion), street lights (not enough)

Lack of upper management positions, corporate headquarters

Strong communities in region, but not all cooperative

RDU Airport – losing ridership, hard to keep airlines serving RDU, difficult to get direct flights, whole area has grown, but airport appears “podunkish”

Difficult to open a business, sign ordinances seem over-restrictive – signs have to look a certain way, difficult for business owners to attract attention, make his business stand out from others, hard for people to find your business

Other restrictions, such as grease trap issues, give impression a business must fit a specific category to survive

Municipal codes may be too restrictive – too long and burdensome of a process to go through the code system to start a business in Cary – too much documentation is unfriendly to attracting businesses

Small downtown area – not big enough to sustain a large corporate headquarters

Still known as a bedroom community

Closes up at dusk; no evening activities or entertainment – not attractive to single people

Lack of affordable housing – even Town employees (i.e., police officers) cannot afford to live in Cary; average home in Cary is $200,000+

Taxes and impact fees drive away potential businesses


stan