Follow Chris Linkedin Twitter Facebook
Email Chris Email
Economic Development
May 18, 2021

Lower Fire Insurance Premiums Can Help Lead To Economic Development

Sponsored Content provided by Chris Coudriet - County Manager, New Hanover County Government

A focus for New Hanover County is always on promoting intelligent growth and economic development. We want New Hanover County to be attractive to businesses – for our existing businesses to stay here and grow, and for new businesses to come to our area and bring more job opportunities.

To accomplish that, we fund numerous economic development agencies, support job training initiatives, partner and participate in economic development efforts, ensure responsible land use policies and plans, are proactive in environmental stewardship, and help fund infrastructure projects to bring water and sewer to areas in the unincorporated county to spur growth and opportunity.
 
All of these things together help build a strong foundation for businesses to come to our area. But something you may not typically think about – fire services – also plays an important role for economic development.

Recently, the New Hanover County Fire Rescue team improved the fire rating from a Class 4 to a Class 2 in both the southern and northern New Hanover County fire districts. Class 1 is the best you can achieve as a fire district, so this new rating is a great achievement and shows that we have superior fire protection in the county.

These new ratings take effect August 1, 2021 and will also lead to a decrease in fire insurance rates for property owners in the unincorporated areas of the county, especially our commercial properties.

So now when businesses and industries look to expand to New Hanover County, like along US Hwy 421 where there is now sewer and water infrastructure ready to hook into, they will also have an incentive in the form of lower insurance rates – and that means lower costs of doing business.

Since 2010, when the Board of Commissioners took an important step to consolidate fire services in the unincorporated area and bring it under the umbrella of New Hanover County Government, the Fire Rescue team has continuously improved services and expanded their operations.

I appreciate the dedication of that team, and the strong commitment of the Board of Commissioners – who have consistently invested in our Fire Rescue personnel, equipment, and stations – so that we have superior fire protection and can bring this added insurance benefit to our businesses and residents.

I believe it goes hand-in-hand with future development potential, and it’s an important part of the economic development work we are doing each day.

If you are a business or resident in the unincorporated area, you can visit FireRescue.NHCgov.com to learn more about the rating, view a map that shows the fire rating for a specific property, and ensure you get the best rate possible for your insurance.


New Hanover County is committed to progressive public policy, superior service, courteous contact, judicious exercise of authority, and sound fiscal management to meet the needs and concerns of our citizens today and tomorrow. See more at http://www.nhcgov.com.

Other Posts from Chris Coudriet

Nhcseal wilmingtonbiz
Ico insights

INSIGHTS

SPONSORS' CONTENT
Girardnewkirk headshot 2182174430

Explosive Third Quarter Growth For Genesis Block Companies

Girard Newkirk - Genesis Block
Natalieenglish headshot

MODERNIZE OUR DOWNTOWN LIBRARY AND MUSEUM

Natalie English - Wilmington Chamber of Commerce
Jasonpathfinder3

Your Retirement Portfolio: Simplicity Is Your Friend

Jason Wheeler - Pathfinder Wealth Consulting

In The Current Issue

Health Care Heroes: Nurse Practitioner/Physician Assistant

This category honors a nurse practitioner or physician assistant whose performance is considered exemplary by patients, peers and other heal...


Health Care Heroes: Community Outreach

The Community Outreach category this year recognizes the large teams of area health providers and professionals who have responded throughou...


Health Care Heroes: First Responder

The First Responder category honors a first responder whose performance is considered exemplary by patients, peers and other health care pro...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100