In economic development, individual regions tend to focus their efforts on specific industries. In this series of posts, we’re examining why several individual industries have focused their expansion efforts, ultimately, in Winston-Salem, Forsyth County.
Mention the financial services industry in some circles and the reaction could be quite strong. Even in Winston-Salem we have endured the uncertainty associated with the struggles of a major banking institution. However, that uncertainty has only served to demonstrate the area’s steadfast presence in the industry. As the dust clears and optimism slowly gains, a quick look around the banking landscape reveals a thriving array of financial organizations.
How is this possible? What makes W-S such a positive environment for banking? Here are few possible reasons. (more…)