Category: Economy

September 25th, 2018 by newbernpostadmin

Weyerhaeuser Company (NYSE: WY) announced it will donate a total of $250,000 to several organizations providing relief efforts in eastern North Carolina in the wake of Hurricane Florence.

The grants will be distributed to disaster-relief and community-service organizations in the company’s operating areas. The Coastal Carolina and Eastern North Carolina chapters of the American Red Cross will receive support for their relief work in Craven, Beaufort and Washington Counties.

Additional donations will be made to the Salvation Army for efforts in Beaufort and Washington Counties; Religious Community Services (RCS) for needs in New Bern; and Disaster Recovery Partner for support in Pitt County.

“We’re pleased to announce donations to our community partners who are providing much-needed relief for the citizens of eastern North Carolina,” said Brian Chaney, Regional Timberlands Manager. “More than 500 Weyerhaeuser employees call this area home including the Timberlands management team based in Vanceboro. The company’s support for local relief organizations will complement all the ways they are helping neighbors and giving back in their communities during this challenging time.”

Alan Sherrington, East Region Manufacturing Vice President, added: “Our employees and communities were significantly impacted by Hurricane Florence. Weyerhaeuser will be part of this long recovery and we are grateful for the critical work our partner organizations do in times like this. We appreciate the close-knit family of Weyerhaeuser employees and the supportive communities near our lumber mills in Vanceboro, Greenville and Plymouth.”

Weyerhaeuser Company is one of the world’s largest private owners of timberlands, with 12.4 million acres under its ownership or control. The company has been in business since 1900.

Posted in Business, Economy, Economy and Employment, Hurricane, New Bern

September 6th, 2018 by newbernpostadmin

Map from Realtor.com identifying the most affordable retirement towns in the nation.

Realtor.com listed New Bern as the fourth least expensive retirement town in the nation.

With a median home list price of $209,800 and a share of residents aged 60 and up at 26.8 percent, New Bern ranked fourth after  Sebring, Fla., Sierra Vista, Ariz., and Ocala, Fla.

“Not everyone wants to retire on the ocean, especially in the wake of last year’s devastating Hurricanes Harvey and Irma,” the website said. “For the well-known town of New Bern, located along Neuse River, this has actually worked to its advantage.

“‘People are scared of hurricanes and don’t want to be on the beach,’ says Steve Tyson, a broker in New Bern. New Bern is close enough for a day trip to the shore, but just far enough away for when storms roll through. And retirees like that New Bern isn’t packed with tourists either, despite its historical chops. (Fun fact: This is the original state capital of North Carolina, not Raleigh.)

“Folks here are pleasantly surprised to learn that their 2,500-square-foot home will have a property tax bill of only around $2,500—a bargain compared with what they were paying up north.

“In addition to all the outdoorsy opportunities, many boomers are lured to the area by the commercial airport in town. The Coastal Regional Airport  has direct flights to Atlanta and Charlotte—something many small retirement towns can’t say.”

The most expensive retirement town? San Luis Obispo, Calif., where a median home list price is $729,600.

The full article can be found here.

Posted in Economy, Economy and Employment, Housing, New Bern, Retirement

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