A Conversation about Conover Station and Economic Development

Conover Station -- An Economic Development and Multi-Modal Transportation facility.



Donald Duncan is the City Manager of Conover. Danny Hearn stated that (the Chamber) wants to bring us creative economic development, entrepreneurial driven projects that can give us some optimism and some positive news to look forward to. This project, that is being presented, is something that Conover has been working on for several years.

Don stated that this is a very large project that they have been working on for five years. At that time, when Don took the city manager job, they had no idea what they would do with the Broyhill building. Today they have $5.7 million in grants that are dedicated to this project. Last week they presented to the North Carolina Green conference.

Currently the Conover site is the lead project for the North Carolina Brownfield’s projects. He stated that none of this was planned and this has been hard work. They have had more failures than successes, but they have turned the failures into assets. The goal has been to turn every liability into an asset, into cash assets, increase property values, or turn properties into something no one ever thought they could be.

Don showed a 3-D rendering of a project that was designed by the 1996 Atlanta Olympic committee. This sketch up concept cost tens of millions of dollars. This Olympic Committee was represented by many members who were not technologically savvy. The average age of these individuals was 55 years old. This was a crude walk-through of what the Olympics stadium would look like when it was finished. The members of this Olympic Committee were in awe of what they saw from that crude 3-D rendering.

People could never visualize large scale developments such as this on paper. These types of Visual Media (3-D Renderings) help to sell things. This shows what they have done with the properties associated with the Broyhill property. This had such an effect on people that Don had to calm the people down, because they were so excited by the prospects of what could be done with this property. The problem is that sometimes the media is the message and you have to be careful with that. Sometimes people don't realize what they're buying into.

What they started out what with was a 27 acre site that backs up to Conover's downtown. The site has a footprint of approximately 400,000 sq. ft. Most of these properties come from the early part of the 20th century. It was cobbled together. There were 650,000 sq ft of total building beyond that footprint. There were stone foundations and multiple floors. These buildings were uniquely put together utilizing technology from the early part of the 20th century.

Don stated that Broyhill was a good environmental steward and the sites were very clean. There were buried tanks in the ground that were removed in the early 1980s when the EPA wanted this taken care of. There is some ground contamination and they are currently handling that with a $200,000 cleanup grant from the EPA. They're using new innovative technologies to attempt to remedy this and to remove any of the ecological problems on the site.

The site has a creek that is bisecting the middle of it. 20 years ago they would have covered it up and put a plant on it. They are going to utilize the creek as a water feature and they will utilize the property for storm water. The storm water basin will be used for the downtown area and encompasses 70 acres. This is a liability that has been turned into an asset. The city will own the storm water treatment facility and this allows the full use of all of the property. Tax dollars will maintain this. This would have been wasted land, but instead it will be utilized as a park. There will be walking trails and a passive park. This will be a 3 1/2 to 4 acre park.

The whole site will be integrated into the neighborhood that surrounds it. Modern construction and modern development techniques and standards will be utilized to bring together this site, the neighborhood that surrounds it, the industrial area across Highway 16, and downtown Conover.

What do you do with 1800 feet of railroad? There is a lot of railroad infrastructure located at the site. There used to be a parallel track located on the side. There is a switch where you cross Highway 16 and there is a WPA bridge on the south side of the property, which is architecturally significant.

The Western Piedmont Passenger Rail Committee supports passenger rail and the possibility of bringing it back to the area. Hickory has sold its depot and there is no designated spot located in the Catawba County area. Conover has worked in conjunction with this group to put together a plan to present to the State Department of Transportation. This led to Conover being designated as a stop on the Western North Carolina rail line. Catawba County is the most populated area in the western North Carolina area besides Mecklenburg County. The Department of Transportation is fully supportive of this idea.

Nothing has been done that is antagonistic towards any other community in this area. Work still needs to be done in conjunction with the owners of the railroad. This is not something that will be done overnight. No one knows when the rail could possibly come into existence. There is the possibility that this could come into existence in the next 10 years, because of the stimulus money that has been spent to enhance rail options in the state of North Carolina. Asheville is the number one requested stop in North Carolina by tourists in studies done by Amtrak.

The largest military concentration in the world is located in southeastern North Carolina. The military needs to be able to get goods and military personnel in and out of that area. Every dollar they get spent in western North Carolina will be spent in eastern North Carolina. The goal is to make the ports stronger and have a more expeditious way to move people and equipment in and out of North Carolina. Gov. Perdue is completely behind us.

Stimulus money says that all of this has to be engineered and studies have to be done before the high speed rail is finished. Environmental work is being done on both the eastern and western side of North Carolina. If money is available this will entail 5 to 6 years of time for construction. You're looking at a minimum of 7 to 8 years for this to occur. The state legislature has passed laws to help facilitate development of properties along the rail lines. The railroads are required to respond to any development proposals within 90 days of their submission and this is required by law. If they do not ,then you are allowed to do what you need to do on the property in question as long as you are not inhibiting rail traffic.

I (Thom Shell) asked if this was all existing track that needs to be reconditioned? Don answered yes. This must be upgraded for higher speeds. Freight will run at 50 to 55 mph. Passenger rail will run in the 70 mph range. On the western side of Conover freight will run at 35 mph, while passenger rail will run at around 55 mph. There are topographical issues that prevent high speed rail. Past the Old Fort (NC) area you can only go 15 to 20 mph.

I asked if this was a passenger and industrial link or the western side or just an industrial link? Don stated that this was mainly meant for freight rail. The idea is to have two or three passenger trains available per day for this proposed rail service line. They do not want passenger trains interrupting freight rail. This is looked at as an expensive proposition, but with a cost of $150 million, the cost is less than $1 million per mile. This compares favorably with development of projects on the highways and interstates that cost 10+ times that amount.

Jay Adams pointed out interstates carry a lot more people. Don stated that there are commuter possibilities between Old Fort and Salisbury. From Conover to Raleigh you could be in Raleigh and 3 to 3 1/2 hours. Jay pointed out that this could be a good tool for businesses located on the western side of the state. We want to have our (Industrial) plants dispersed. The rail corridor is a great way to move people and materials between facilities. Don pointed out that there has not been much investment in the rail system since World War II. We have gone from the greatest rail system in the world to the worst rail system in the world in a period of about 30 years.

I asked if there was a vision of this possibly becoming a commuter line in the near future? Don stated that he didn't believe that there was a possibility in the near future. Not until the passenger line is completely reinstituted. In the long-term this might happen. This will not be possible for short trips, but this is a possibility to Raleigh or Marion or Old Fort.

I asked if there was any possibility that there could be a direct connector to Charlotte? Don stated that that is the question that is most often asked. He pointed out that there are existing lines that run through Maiden and there are lines existing in Gaston County to Belmont and into Lincoln County. These lines have been abandoned and property owners have been uncooperative. The Carolina Thread Trail is looking to procure this right of way. He does believe that this is a key. He stated that he does hope that this will happen. He stated that the State has not put enough money into this and Norfolk- Southern has abandoned the tracks.

I asked if the key contingency was the price of fuel? He stated yes. This is the major factor. When we see $4 a gallon people will be screaming for more rail. Rail is just one component of the Conover (Broyhill) site.

Don showed pictures of the main existing infrastructure on the site, this especially includes the Warlong building, which was built at the beginning of the 20th century. This was the most sound building on the site. There is a lot of history to this building. Don went into the specific architecture of this building.

When viewing and discussing the techniques of how these buildings were originally built, Houston Harris asked if we have lost the ingenuity to just make things happen?

Don showed many features of the site, which includes a walkway with a pedestrian bridge and this is dead even with the track and leads to a rail platform. He does not know when this will be done, because the state will build all of these at one time. Money has been designated by the state for this.

Over $2 million will go into the process of renovating the Warlong building. One-third of this building will be utilized as a waiting area for future passenger rail. This building will also have a section devoted as a library. This will be one of the nicest libraries in Catawba County. Another part of this building will be devoted to the transit authority of the area. That is what makes this building a multi-modal facility. People need a way to get around when they get off of the train. This will be a fixed route bus system. There will also be a community facility in the building. This can be utilized for conferences, receptions or other public needs. The community room expands into a patio area.

The Manufacturing Solutions Center hopes to eventually be located at this site. Those developments are still open ended because of funding issues that are currently being addressed. Don stated that they don't want to promise something that they are not going to be able to deliver. The idea of a partnership between the city of Conover, CVCC, and the Manufacturing Solutions Center is to get the facility (MSC) out of the educational environment and make businesses realize that the focus is on business. They want to do things at the speed of business to help business. There is an advantage with the library for research issues and this is proposed to be associated with N.C. State University. The community center can also be used as a conference facility for purposes related to the Manufacturing Solutions Center.

There is also a residential aspect to this community. But, under current circumstances the market is flooded and currently this is only a fallback plan. What he is trying to accomplish is a more viable downtown. People say that Wal-Mart killed downtown, but Don stated that he believes the interstate system killed downtown. The idea is for this to be a development where people can take a 10 minute walk and go utilize multiple services. They are just trying to get back to what existed 100 years ago.

Jay Adams pointed out the great product that Conover has to offer. He talked about the terrific assets and a community that is optimizing those assets; and he complemented Conover on taking the negatives and turning them into positives. He stated that in his business that this type of mindset creates enthusiasm on both sides of the equation.

There will be a new website which will be launched next month. Michael Neely is the developer of this site. Don basically stated that there is no idea that they have not listened to and no possibility that they have dismissed. They are willing to listen to any and everyone about anything that is proposed.

I asked about what appears to be loose reigns and I stated that it appears that they have not been micromanaged. What created this environment in Conover? Don stated that there is a lot of give and take and it takes a lot of vision and a lot of different personalities have to get along. The city's team has had to learn to understand the needs of one another. There has been a lot of changeover on the Conover City Council. He stated that this was neither good nor bad, but the previous Council did not want to put the money into what it would take to be a developer. They did not want this development to be a drag on the town. The present council wants this development to be a gift to the city and a help to the city.

The political connotation of this development is that if it fails everyone attached to its neck is in the noose. Many people (governments) don't want to take that sort of risk. There has already been a changeover on Conover City Council, not all of it related to this issue, but maybe some of it. This could lead to more turnover if it were to fail. Many average citizens do not understand the site.

The city has not hired professional PR people to promote this site and its development. Don has taken it upon himself to go personally address small groups to bring them into the loop on this issue. The average citizen cares mostly that taxes are kept low and the city delivers services that are expected to be provided smoothly and efficiently. Other than services, this is the number one priority of the city of Conover. As long as those services are running smoothly and efficiently this is the number one focus.

Patti Thompson stated that she had to admit that she had never heard about this until she attended a graduation presentation in which it was addressed. She stated that she was excited about this project, but she thought it was a mall and she really didn’t understand what the entire project encompassed, it is still somewhat of an intangible.

Jay stated that the real activity will come when you interface with the development community. They will create the housing, office buildings, and retail. They are excited when that they see things such as this. It is about making the connection. Don asked, “How many communities are willing to take on this type of liability?” As a municipality, Conover has had a lot of leverage with regulatory agencies. This has helped a lot. Regulatory agencies are used to dealing with private developers and not with public entities.

I stated that economic development does not happen in the past or present, it happens in the future. Don said he disagreed. It starts today. You will not see the fruit of the labor until 5 or 10 years later. He talked about the Apple development. He said that it took Duke Power damming the river and the loss of industry in order to have the excess energy capacity available that is needed for this facility. So it took 100 years for the circumstances to be right for this development take place. He talked about the IBT (Inter-Basin Transfer). This is not the huge deal today, that it will be in the future.

Most governments will not take the risk that is necessary for this sort of development. He joked that this was kamikaze approach. Don stated that it is a necessity not to overstate what they are doing with this site.

Kevin Spencer talked about the hurdles that Conover has had to jump. He pontificated about, “…can you imagine if an independent entity were to try and do something like this, not a city.” Jay stated that Don has plowed a garden to create economic development. Kevin stated that an individual would not be able to do this. A business would not be able take on this kind of risk. Jay stated that businesses appreciate when they see this. Kevin said we have got to overcome that and stated that there is not another community in this area that would be willing to do this. Businesses will say it ain’t worth it. Jay laughed and stated that his attitude was, “Let’s go to Conover.”

The success of Conover will force other communities to take a look at what Conover is doing. Don asked that we not compare Conover to their contemporaries. He stated that government's responsibility is to take the obstacles out of the equation. That is what government is for. Don stated that you can have all the vision in the world, but if you don't take action then it is nothing but a dream.

State of North Carolina University System -- We've Got a Problem Here!!!

To my family and friends associated with the University of North Carolina at Chapel Hill, I am sorry for what is going to have to be said here, but it is time. I truly don't understand why what is happening down there is being allowed to drag on in the manner that it is being allowed to drag on in. I would love for someone to explain why this spectacle is being allowed to develop and come to the fore in the manner in which it has, but I can assure you that it most certainly can and should be handled better than what we have seen thus far.

It is time that the Board of Governors of this State set aside the biases and move forward in cleaning up this mess, What we are seeing at the oldest institution in the UNC system can best be described as CRAZY. There is a definite Lack of Institutional Control and no excuse is going to cover up the lack of forthrightness from Chancellor Holden Thorp and the Board of Trustees in charge of the Academic Integrity of that institution.

What we have seen cannot be explained away by crying about rogue Sports Agents and Representatives. Who let someone like this Chris Hawkins character to have access to UNC-Chapel Hill facilities and access to its players without checking him out or seeing what he was up to. Who could not have known about Marvin Austin's travels and lifestyle, when he was posting it all over the internet. And the nail in the proverbial coffin on the Academic Integrity front is the Tutorgate issue and the lack of forthrightness in which it is and has been being handled. Reports are that University Administration is manipulating the Honor Court System. It is visible to anyone who is not closely tied to the University that there is definitely a systemic problem involving UNC-Chapel Hill. The reports of 13 visits to the campus by NCAA investigators, since the investigation's inception, should help you understand that.

The Raleigh News and Observer has taken some time to get moving forward with its investigation of an issue that came to light in late May and Early June, but an article this morning certainly does bring some important issues forward. The article is authored by the News and Observer's Executive Editor John Drescher and is entitled UNC's Heels must be held to the fire:

When UNC-Chapel Hill Chancellor Holden Thorp appeared before the Faculty Council last week to discuss investigations into the Tar Heel football program, the scene was set for the faculty to blitz him with questions.

Thorp signaled serious problems a few weeks earlier in opening a news conference by saying, "To anyone who loves this university, I'm sorry about what I have to tell you." Shortly after, 13 players were kept out of the season-opening game in Atlanta.

So how many questions did Thorp get last week from the Faculty Council? Two. Not 22. Two. One more than one. The number of points the other team gets for tackling you in your end zone.

Steven Bachenheimer, a microbiology professor, asked whether UNC has relaxed its standards in seeking football glory. Tom Linden, a journalism professor, asked why UNC agreed to pay the associate head coach $74,500 in severance as he left UNC one step ahead of possible NCAA sanctions.

Good for them. But there were more than 75 council members in attendance. Here are a few questions the others should have asked:

1. You are investigating whether a tutor employed by the university to work with football players gave inappropriate aid. That tutor also worked for coach Butch Davis and tutored his high school son. Is it appropriate for a tutor to work for both the university and the football coach?

2. You have indicated that academic misconduct might have occurred. If so, who is ultimately responsible?

3. If the NCAA hadn't investigated football players and their relationships with agents, would UNC have learned of the possible academic cheating? If not, isn't that a problem?

4. Some players used social media to discuss their travels and possible contact with agents. Shouldn't UNC's compliance officers closely monitor Twitter and Facebook?

5. Will you conduct a sport-by-sport review to see whether other athletes might have received inappropriate academic aid?

6. Should the $70 million expansion of Kenan Stadium be cancelled or scaled back, depending on the results of the investigations?

7. Is UNC admitting more football players who don't meet typical UNC admission standards than it did five or 10 years ago?

8. Are you satisfied with the oversight of the athletic department?

9. Is it possible to have a winning football team and maintain top-rate academic standards for all students?

10. What have you learned about operating a Division I football program since starting your job as chancellor?

The Faculty Council missed an opportunity, but it will have another when it meets with Thorp next month. Our reporters will work to get answers to these questions.

The underside of big-time college sports isn't pretty. A university needs the faculty to be its conscience. At UNC, faculty members need to get engaged on this issue. They need to get in the game.

Agents (and/or Agent Runners) may be threatened with Prison and agents have gone to prison before over these types of issues we have seen involving this scandal. If you are utilizing a client as a runner (look up Kentwan Balmer's association to this scandal) to facilitate the transfer of money, then that does constitute money laundering. If you are wiring coaches cash (the allegations against John Blake)to steer a player, then that is money laundering. It is money laundering, because you are utilizing cash to skirt the technical merits of the law. Not only that, but it is a way to evade taxes.

Agents (especially runners) will be given some form of immunity to come clean and spill the beans. The agents are not going to go to prison to help save a University’s image. They will drag the University down with them. The coaches and players at any rogue university athletic programs would have to willingly participate in any such operation (scheme). The Money laundering and tax evasion issues make this a Federal offense, which brings in the FBI, along with the issue of interstate commerce. This means that the power (and ability) of the full force of the Federal Government can be utilized to track all of the money trails.

As far as the Academic scandal, the tenured professors should be insulated from any possible intimidation by any overzealous leadership looking to cover up what has been happening in athletics. So, why is there silence? I would be afraid, as a member of the faculty at UNC-Chapel Hill, that people would construe that the lack of academic integrity is not limited to the football team, that the lack of academic integrity is not limited to the athletic department, and/or that the lack of academic integrity is not limited to a couple of tutors and perhaps a rogue professor or two. The question begs to be asked, has this lack of academic integrity permeated the entire institution. Is it an integral part of the Chapel Hill culture. Are the Administrators and Faculty in Chapel Hill only paying lip service to academic integrity? Are they a part of the problem?

I believe that the silence from everyone with close ties to UNC-Chapel Hill, including the Board of Trustees and the Board of Governors of the UNC system, is a sign of trouble within the institution itself. The only solution for the corruption is to bring in an outside group to independently investigate the entire structure of the university. There are just way too many conflicts of interest in this investigation. It has been obvious for years that there have been two sets of rules when it comes to the UNC system, those for Chapel Hill and those for everyone else. This structure needs to be brought back to its roots with a focus on real integrity. The silence and lack of openness suggests a dark undercurrent that must be exposed and eliminated.

I believe that the Alumni of the University of North Carolina at Chapel Hill need to step forward and say enough! And I believe the Alumni of the other Universities in the North Carolina system should also demand action. This scandal has already tarnished the image of UNC-Chapel Hill to a great extent, whether certain people want to live in denial about that reality or not. If this investigation into this corruption is allowed to drag out to its inevitable conclusion, without the admittance that there have been problems, then it is going to devalue a degree from Chapel Hill.

The Bottom Line is that there is no way out for UNC-Chapel Hill. They should do the right thing and plead mea culpa and throw themselves at the mercy of the NCAA, but is there a pervasive arrogance that makes them think that they are going to get away with this? Can they not see the shadow of the hammer coming down upon them. Are they willing to get themselves fried?!?

I love sports, but when it comes to sports it has been obvious that the tail has been wagging the dog for a long, long time down in Chapel Hill. The pushing the limits and win at all costs mindset has been fully exposed. People have gotten their identity wrapped up and intertwined in the success and failure of the athletic program to the extent that they forget the purpose of the university is to educate our future leaders, do vital research that will improve the quality of our lives, and act as an economic driver that progresses the vitality and sustainability of our State’s economy. Those priorities should never take a backseat to Athletic Entertainment.

This is not going to go away until some real action is taken. It is time to do just that.

The War on the Middle Class

Gold Rises to Record on Increased Demand for Wealth Protection - Bloomberg - By Pham-Duy Nguyen and Nicholas Larkin - Sep 16, 2010

*** Gold is a real asset. The increase in the value of Gold and Silver directly correlates to the value of the dollar. In the early 2000s the U.S. budget was nearly in balance, on April 2, 2001 Gold had fallen to $255.91 at the closing bell. Here at 1:30am on 9/17/2010 it has spiked to $1,278.50 and many investors that I follow believe that Gold could reach $1,500 by year's end and Siver is headed to $28 in that same time period.

The cause for this is the wreckless and aimless spending of our government and the aimless monetary policy implemented by the Federal Reserve. What is the method to all of this madness? What is the endgame?

If I reverse engineer what I am witnessing here, I would swear that the Federal Reserve is going to devalue the dollar to reduce the debt that we are in. They think that moderate inflation can kickstart the economy and reduce the value of the national Debt that has been accrued. I don't think they can control such policy and we are going to see more substantial inflation than they want.

If the consensus policy of the Federal Reerve (the controllers of the Money Supply)towards the Consumer Price Index (Inflation/Deflation) is admitted to be 10% inflation next year, then it would relate to a desire for a real inflation rate of 20%, because the numbers the government uses are cooked. If this is attempted, I believe that we could easily see double that and real inflation (Staple Goods and Services) would be around 40% for Fiscal Year 2011. Gas would be back at over $4 per gallon, by the end of 2011 and food would see a substantial run up. Discretionary Goods and services will hold steady, because consumers will not be able to afford them, because their dollars will be eaten up by the necessities of life.

Yen hits 15-year high vs dollar - Reuters - 9/14/2010

Foreclosures Rise; Repossessions Set Record - CNBC - 9/16/2010

***Under all of these scenarios, it is the Middle Class that gets hammered, because the rich can afford precious metals as a hedge and the poor are receiving hand delivered entitlements from the government. Can one not see that the vast majority of the middle class are already living on the edge? They are the real losers. Those with less than $150,000 annual household income are generally considered middle class, because of taxes. The poor may think families with combined income of $150,000 are rich and some of these people may even think they are wealthy. Well that theory is going to be tested, if we start seeing the kind of inflation that I point to above. That type of inflation would test the fabric of our society.

I will leave you with this:

Here Are 13 Signs That We’re Actually In A Depression Right Now - Gregory White
Business Insider - 9/7/2010

Base-Dynamics - Base-Dynamism

The other day I had lunch with some friends who discussed what is going on with the economy on the local scene. In that discussion I touched on the necessity to basically create something out of nothing or as little capital input as possible. I addressed this as Base Dynamism.

Maybe I created a new term there, but here is what I was getting at:

Base - the bottom support of anything; that on which a thing stands or rests: a metal base for the table.

Dynamics - Physics . the branch of mechanics that deals with the motion and equilibrium of systems under the action of forces, usually from outside the system.

Dynamism - any of various theories or philosophical systems that seek to explain phenomena of nature by the action of force.

Base-Dynamism in this terminology is a realization that the structure of our community is no longer viable. Hence, we are no longer going to be able to rely on the current structure that has been in place for generations to create, generate, maintain, and sustain commerce, productivity, wealth, and economic growth.

The core of our community has been and still is being torn down to its foundation (base). We were a furniture and textile hub and because of globalization, we cannot compete when it comes to the production of these material goods.

Local furniture and textile manufacturers offshored their production of these goods in order to maintain expected profits, but what they failed to realize is that this was the most temporary of fixes, because once the production of these goods move offshore, then these company owners no longer control the product. They complicate the production, distribution, and intellectual property chains of command involving their rights to their product. Essentially the product can be nationalized and/or someone else can decide to produce the product, thus cutting the product owner and other existing middle men out of the loop. So basically this short term fix has resulted in these company owners giving away their industries. The Chinese say Thank you very much!

In this community, the people from top to bottom seem to have a sense of entitlement. They think that something is going to be handed over to them like they are running a relay race. The Trust Fund Babies expect Grand Daddy's legacy and money to get them to the finish line in life and the average people in the community expect there to always be a job waiting on them that will provide a living wage, benefits, and retirement funds. We are living in an age of transformation where no such guarantees will be provided.

Most of the people I have seen think they should be rewarded just for breathing. We have cracks in the foundational principles upon which this community was built. If we do not restore a solid foundation, then anything we do will crumble to the ground. We need a "Habitat for Humanity" type of effort to restore the foundation of this community. What does that mean?

It means that we need the skilled people in this community to be willing to volunteer to help start-up businesses get going. We need people to open their minds to industries and businesses that don't even currently exist in any tangible form. Some of these businesses aren't presently located in our area and some don't exist anywhere on God's green Earth.

There are ways that such efforts can reward you, but there are no guarantees that they ever will. I know people that are working creatively towards such efforts. They are willing to do work in which there is no guarantee that there will ever be a payoff, but they understand the big picture. I am one of those people.

Such efforts will get us on a path and get us moving again. From this path other avenues of opportunity will open. That is how dynamic growth will take place and has the possibility of growing exponentially, but it all starts from baby steps. All we need is one breakthrough accomplishment, one tangible success, and from there we will begin to become a credible entity and be on our way to being a credible community. As one of my mentors stated. Credibility comes from telling people what you are going to do and doing it.

We are going to turn this community around. We are going to bring High-Tech industry to Catawba County. We are going to become a Creative Community. We are going to begin growing again and we are going to have Exciting, Interesting, and Intelligent people become interwoven into the fabric of Hickory. If you aren't willing to roll up your sleeves to help, then please just get out of the way. Don't tell us what we can and cannot do. There is a Force of Determination at work here folks. We are going to make things happen. Bank on it!

September Rant -- Visionary or Dreamer? It's all the same

What I am trying to do with this blog, and the other works I am involved in, is gather as much information as I possibly can and utilize available resources to project what I see happening in the future.

Over time we have seen a lot of local focus on "feel good" initiatives, such as the All-American City Award and Tennistown USA. The Google initiative had many positive attachments related to it, but in my opinion it was a no-brainer to chase that one. What I don't believe we have seen are any extraordinary steps taken towards outside of the box development. We have always followed the path of least resistance and picked the low hanging fruit.

I think that this area needs to change its focus. I keep hearing what we were and it is good to know our history -- our real history, not the propagands. This area used to be a hotbed for entrepreneurs. Look at the evidence along the railroad tracks and down Old Highway 70. The question isn't how do we get those specific industries back, but how do we get that Wild West economic gunslinging mindset back.

What is it that we want to be? We can't sit back and wait for this to develop or wait for investors to come to us, we have to create an environment. Nothing is going to fall into our laps. We have to get out front and lead on these economic development issues. What we should have learned by now, is that playing follow the leader will get us scraps and that is if we are lucky.

You know when we will know that Hickory has turned around? When other Municipalities and Industrial leaders are coming here to look at our successes!

And the trends show that we are going to have to learn how to deal with Global interests. I am for Fair Trade. I truly believe we should fight hard for Fair Trade, but the reality of today is that if we are going to make any economic progress, we are going to have to play with the cards we are dealt.

There are opportunities out there. In the Wizard of Oz, Dorothy wanted to get back home to Kansas, so she got on the path to Oz. We want to get back home to prosperity and standing pat is not doing that. Identifying some opportunities and moving towards these goals is not going to pay off today, but we have to get on the path or it will never happen.

An example is Visionaire Jets. I had a person close to me say that Jim Rice, the CEO of Visionaire Jets, is a dreamer. It ticked me off, because Mr. Rice has been very open with me relating to the Visionaire project. If you ask him a question about the history of this project, he is very much forward about what has happened and his involvement in the project over the years. He'll tell you right up front that this project carries inherent risks and it isn't guaranteed, but if you allow him to demonstrate how this project is sequenced, structured, and the attention to detail devoted to it, then you know that the project is doable.

So that is what I want to relate to the open-minded people who follow this blog, because I believe that you are intelligent enough to understand this. All entrepreneurs are visionaries. They are people who are willing to take a risk, because they envision and believe that there is a need for a product or service that their mind and soul compel them create and be involved in.

When it comes to business, especially pertaining to innovation and ingenuity, it seems that people who are trying to lay a foundation to start a creative endeavor are labeled "Dreamers." And this label has a negative connotation. Only when entrepreneurs have found success are they labeled "Visionaries." But in the end are they not one and the same? You can be a dreamer who fails on your first four attempts, but if you succeed on the fifth, then you are a visionary and the first four failures get lumped in with he overall "Vision."

I want this area to become a hotbed of innovation and in order to make that happen we have to get past just talking about that as a desire. One of the key ingredients necessary to do that is to change people's thought processes and perceptions when it comes to business. I think we have turned businesses off (and away), when they witness the risk averse mindset that has permeated this area -- the same people who are quick to label people dreamers. Did those past generations who started the furniture and textile businesses in this area have that mindset?

If people want this area to move forward, then they are going to have to invest in upstart companies who are willing to be located in the Hickory region. I know that people don't have the equity that they had 5 to 10 years ago, because the value of their property has fallen, money market interest rates are ridiculously low, and the stock market has gone nowhere over the last decade. But, I think that lessons can be learned from all of this.

People have been all to willing to invest their money in blind faith and not have a direct interest in their personal assets. First things first, our economy has moved from Bubble to Bubble to Bubble with no real stability for a long, long time. Middle Class wealth was invested in banks who used it for Casino Style Derivatives that created no value and thus no wealth. All it has done is dilute the value of the dollar, further diluting individual net worth. The only people who have enjoyed success are Financial Administrators who can't lose. They make a percentage on the way up and they make a percentage on the way down.

Wall Street has taken your money and offshored it. They got their big bonuses and you saw a temporary uptick. They continued to get their bonuses and U.S. companies started to fail. The bonuses kept rolling, foreign companies started growing, and you lost your job, and started having to dig into your investments to survive. They still keep making their bonuses, the value of your assets have fallen, and now many people have nothing left.

But the people who do have assets need to take them away from Wall Street and the Mega-Banks and start investing it in the local community. That is what creates Base-Dynamism. That will get you a better return on your investment. We are to the point in this country where the Middle Class does not have much money left to invest. What capital we do have left is going to have to be invested wisely. I honestly feel that the wisest place to invest your money is in the local community.

I won't get into that today, but I would love to see a local micro-lending fund made up from local investors. I'd love to see a local stock market for local upstart companies. All of this would be done with signed guarantees that entrepreneurs would reinvest back into this community. That would create jobs in our area. That would create wealth and value for our community. That is my vision of what could be, which is a lot better than the vision of where I see us headed.

May God's Peace be with us all.