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for "Concord--Economic conditions"
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Cannon Mills’ company identity became associated with Cabarrus County and Concord. Today, its image reflects non-profit rather than profit based pursuits. Descendants of its founders are investing in higher education institutions across the state like Brevard College and local charities like Cabarrus Red Cross. The family’s hometown, touted as the 11th fastest growing city in North Carolina, shows economic promise in historic buildings such as the renovated Hotel Concord, slated to contain forty apartments and five commercial spaces.
When traditional incentives, such as new roads and extending waterlines, did not attract businesses, the city of Concord and Cabarrus County in 1996 successfully offered financial incentive grants, such as property tax relief for a specified number of years.
Remarkable as has been its progress in the past, Concord continues to move forward at a rapid pace, and its future growth and progress are definitely assured.