Garrett County seeing ‘modest’ growth in income, employment

From The Garrett County Republican

McHENRY — Garrett County has seen a “modest growth” in income, employment and new businesses in recent years, Dr. Andrew Bauer reported during the Chamber of Commerce’s Business Before Hours event Tuesday morning at Wisp Resort.

Bauer, a senior regional economist and deputy regional executive at the Baltimore Branch of the Richmond Federal Reserve Bank, provided his economic forecast at national, state and local levels for Chamber members.

“Garrett County’s up 1 percent,” he said about real personal income growth for 2017.

Maryland’s overall growth, however, increased 2.3 percent. The nation fared a little better at 2.6 percent.

Bauer reported that Garrett County “lagged considerably” behind state and national growth between 2015 and 2017.

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Posted on 01/21/2019 in Uncategorized