Retirement Migration as an Economic Development Tool

Can retirement migration be a replacement for former industries?

1 minute read

October 9, 2006, 8:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Active people 55 and older, experts say, can serve as a new economic development tool or a complement to efforts to replace jobs that vanished, decimating local tax bases... Empty-nesters don't crowd schools. They don't clog roads at rush hour. They can bring a wealth of time and talent. And they spend money on local goods and services, creating a financial impact more than three times greater than that of a new factory job, studies have found."

Thanks to John Koch-Schulte

FULL STORY: Retirees power a new boom

Friday, October 6, 2006 in The Charlotte Observer

Community / Economic Development Social / Demographics United States North Carolina

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