2022 Economic Indicators: Q2 Release
With the second quarter of the year completed and Watauga County and the summer tourism season in full swing, the Boone Area Chamber of Commerce released its second Economic Indicators report of 2022.
This quarterly report examines five key statistics within the Watauga County & High Country Economy, featuring a summary of local impacts by Dr. Harry Davis, Appalachian State and North Carolina Bankers Association Professor and long-standing regional economist. The report also includes quick stats and commentary on local commercial real estate activity provided by James Milner, CCIM, Appalachian Commercial Real Estate.
"Watauga County and the High Country region continue to offer visitors and tourists what they are looking for, which has proven to be beneficial to our local economic conditions," said David Jackson, President/CEO of the Boone Area Chamber of Commerce. "While many of these indicators are positive, labor realities and the cost of goods have forced businesses to get more creative and work harder to achieve similar numbers to last year. Many businesses are producing similar volumes with less staff, and that is some part a testament to efficiencies that were achieved during the height of the pandemic. Our continued support of these local businesses can help take the edge off what has been an active but hectic summer. We hope to see labor conditions improve as students return to the area and employers continue to refine their recruitment and retention strategies."