Local Economist: New Young Business Firms Key to Economic Growth - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Local Economist: New Young Business Firms Key to Economic Growth

Posted:
Perdue tower at the company's complex on Zion Church Road. (Photo: WBOC) Perdue tower at the company's complex on Zion Church Road. (Photo: WBOC)

SALISBURY, Md. - Perdue's decision to move their Argibusiness corporate offices to Delaware has been planned for years.  And while the move is not a surprise for Wicomico County, it still unfavorable news for the local economy.

What was a surprise was the announcement that Labinal would be shutting down its Salisbury plant and moving operations to Texas by the end of 2016.  That announcement came at the beginning of this year and impacts over 600 employees at the Salisbury location.

Coupled that with Lorch Microwave laying off about 10 percent of it's workforce in Salisbury, it's been a few months of tough news for Wicomico County.  However, Dr. Memo Diriker of BEACON at Salisbury University believes Wicomico County is going to be just fine because of a shift away from relying on just big businesses.

"We are going have to change our approach towards catering to these younger firms to get these five jobs, 10 jobs, 12 jobs, 15 jobs rather than the big hundred jobs at a time," Diriker said.

Wicomico County has touted it is open for business and Diriker believes the new, young businesses are what the county needs to focus on attracting to the area.  Diriker added the focus on the new firms and businesses and away is a trend happening nationwide and the key for Wicomico County is making sure local people are equipped to work in these new businesses.

"In addition to economic development, we're going to have to rethink some of our workforce development activities. We're going to have to find ways of retraining and re-tooling these individuals to be more useful to these younger, more agile companies," said Diriker.

WBOC reached out to David Ryan, the Director of the Salisbury-Wicomico Economic Development, for comment on Wicomico County's economy and attracting new businesses but we have yet to hear back.

Perdue announced Friday that the company has purchased the land in Delmar to build the new Agribusiness corporate offices.  Perdue officials say the old building at the current complex on Zion Church Road will continue to be used as offices for staff that remains in Salisbury.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Three Men Convicted in Sharptown Shootout

    Three Men Convicted in Sharptown Shootout

    07/27/2017 14:11:00 -04:002017-07-27 18:11:00 GMT
    Thursday, July 27 2017 2:42 PM EDT2017-07-27 18:42:10 GMT
     Bryan Blake, Jeffrey Whitten, Logan Littleon; Photo Credit: Wicomico County Sheriff's Office Bryan Blake, Jeffrey Whitten, Logan Littleon; Photo Credit: Wicomico County Sheriff's Office
    Three men have been convicted and sentenced in connection with a 2016 shootout in at Cherry Beach Park in Sharptown, Maryland.More
    Three men have been convicted and sentenced in connection with a 2016 shootout at Cherry Beach Park in Sharptown, Maryland.More
  • Man Sentenced to 41 Years for Two Hebron Savings Bank Robberies

    Man Convicted in Two Hebron Bank Robberies

    07/27/2017 14:18:00 -04:002017-07-27 18:18:00 GMT
    Thursday, July 27 2017 2:40 PM EDT2017-07-27 18:40:17 GMT
    Benoit Constant; Photo Credit: Wicomico County Sheriff's OfficeBenoit Constant; Photo Credit: Wicomico County Sheriff's Office
    A Wicomico County jury has found a man guilty in two separate robberies of the Hebron Savings Bank in Sharptown, Maryland.More
    A man convicted of robbing the Hebron Savings Bank in Sharptown, Maryland on two separate occasions has been sentenced to 41 years behind bars.More
  • Dover Police Arrest Pizza Delivery Robbery Suspect

    Dover Police Respond to Pizza Delivery

    07/27/2017 11:50:00 -04:002017-07-27 15:50:00 GMT
    Thursday, July 27 2017 1:39 PM EDT2017-07-27 17:39:16 GMT
    Jamal JonesJamal Jones
    Dover police have arrested a suspect accused of robbing a pizza delivery employee.More
    Dover police have arrested a suspect accused of robbing a pizza delivery employee.More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices