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
Cfss headshots parker robert webversion 21422121214

The Latest Solar Scams and What You Can Do to Help Stop Them

Robert Parker - Cape Fear Solar Systems
Pfinder john zachary

What You Need to Know About SECURE 2.0 and Its Effect on Individual Retirement Accounts

John B Zachary - Pathfinder Wealth Consulting
Untitleddesign7

Mastering ARC Applications: Best Practices for HOA Board Members

Dave Orr - Community Association Management Services

Trending News

YMCA Eyes Growth With Plans For New, Expanded Facilities

Emma Dill - Apr 23, 2024

Burns, Redenbaugh Promoted At Coastal Horizons

Staff Reports - Apr 23, 2024

Cold Storage Developer Sets Near-port Facility Completion Date

Audrey Elsberry - Apr 24, 2024

Wilmington Financial Firm Transitions To Wells Fargo's Independent Brokerage Arm

Audrey Elsberry - Apr 24, 2024

Krug Joins Infinity Acupuncture

Staff Reports - Apr 23, 2024

In The Current Issue

Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...


Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...


With Coffee And Cocktails, Owners Mix It Up

Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season