A boost in jobs and business A 2008 report produced by the Center for Competitive Economics at UNC’s Kenan-Flagler Business School predicts the direct impact of the Mid-Currituck Bridge to be: • 34 businesses at the bridge, including retail stores, restaurants, service businesses and a hotel with estimated total annual sales of $78 million • The creation of 468 new jobs with $9.6 million in new labor income • The total production or industry output generated to be $36.2 million Dramatic improvement to our seasonal economy The Mid-Currituck Bridge doubles down on our most valuable assets by improving access to our exceptional recreational facilities. Cutting travel time from the mainland to Corolla, mitigating the significant traffic tie-ups, and providing a straight shot to our Outer Banks communities will eliminate much of the apprehension visitors currently have about coming, and spending their vacation dollars, here in Currituck County. Development opportunities Development opportunities in our beachfront communities are limited due to cost, regulations and available space, whether there is a bridge or not. But the Mid-Currituck Bridge provides development opportunities on the mainland side of the span that are quite significant. As we remove traffic hassles, it is safe to say more people will be drawn to our region for recreational activities and vacations. And when it rains in paradise, the bridge will enable vacationers to pop over to the mainland to find restaurants, shopping and entertainment venues at which to spend their money, rather than leaving the county to do so. Convenience and safety The thought of being at work on the mainland, and having your toes in the sand 15 minutes later will be appealing to business owners and their employees. Further, as we know, when the dangerous weather hits the Outer Banks, residents need access to safe, efficient and unclogged evacuation routes — another major advantage the bridge provides. CURRITUCK REGIONAL AIRPORT Currituck County is continuing to invest in capital projects that will expand Currituck County Regional Airport’s (KONX) capabilities to help meet increased aviation demand – and pursue economic development opportunities in the Mid-Atlantic defense and aerospace corridor. In 2016, the Airport completed work on a $2.3 million Southern Parallel Taxiway project, greatly enhancing the safety and operational efficiency of our visiting corporate, business and leisure aircraft. In 2017-18, Currituck Regional Airport will begin planning and design of an additional $3 million in new ramp improvements, tie-down spaces and for-lease hangar buildings east of Runway 23. Looking for commercial space to start – or expand – your business? Think Currituck! Currituck offers a wide range of buildings and shovel-ready sites to suit any business need. We’re an easy commute from anywhere in south Hampton Roads: just minutes from I-64 and 30 miles from the Port of Virginia. With numerous opportunities located along a congestion- free, truckfriendly highway network, a Currituck location gets your product, service and workforce delivered on-time– without congested tunnels or bridges. The smooth sailing in Currituck continues in the county tax office. Our tax rates are far lower than those in the Hampton Roads region (see chart), where businesses pay twice the real estate tax and up to 8 times the business property tax! North Carolina’s corporate tax rates have dropped to 3% – lower than Virginia – along with a low, flat tax for personal income. So if you’re ready to take your business a lot further – go no farther than your telephone. Call us today. A T L A N T I C O C E A N Newport News Hampton Norfolk 64 Chesapeake 17 Suffolk 17 Virginia Beach 168 64 58 Currituck County $4.33 Daniel F. Scanlon II, County Manager | 252-232-2075 | Dan.Scanlon@CurrituckCountyNC.gov 153 Courthouse Road, Currituck, North Carolina 27929 ThinkCurrituck.com Business Property Tax Currituck Chesapeake Norfolk Suffolk Virginia Beach $4.08 $4.25 $3.70 $0.48 All values expressed per $100 of valuation currituckchamber.org | (252) 453-9497 15
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