Wednesday, September 24, 2014

Economic Growth Continues in Greater Hattiesburg

When it comes to fostering relationships with both local and international companies
as well as providing comprehensive and reliable information about businesses, statistics, and other economic news in the Pinebelt region, the Area Development Partnership (ADP) remains a great resource.

We recently asked Chad Newell, ADP President, about the outlook for our community and he stated "The economy in Greater Hattiesburg continues to outpace the state and nation as our region shines here in the Gulf South.  We are experiencing population growth 2.5 times the state rate and about 1.4 times the national rate while our unemployment rate has averaged 6.6% over the last twelve months. 

At the ADP, we continue to help local companies grow and prosper and recruit new ones from around the globe.  Green Bay Converting is the latest business recruitment project.  The company analyzed areas around the Southeast and selected our community for a new $48 million, 400,000 sq.ft. manufacturing facility that will employ 300 over a five year period.  General Dynamics Information Technology (GDIT) recently located a back-office customer service center in the Cloverleaf Center and has hired 1,200 employees during the last year.  With $2.5 billion annually in regional sales, the City of Hattiesburg ranks 2nd statewide in total sales. 

Housing sales remain strong with new construction underway throughout the market.  Consumer confidence continues to increase, thereby further stimulating the market as more consumers and businesses move forward with investment decisions.  I'm very optimistic about what the future holds for Greater Hattiesburg.  We appreciate Sigma's membership in the ADP as we strive to enhance the regional economy."

Sigma Realty and our sister company, Sigma Companies, offer complete services in Hattiesburg and outlying Pinebelt real estate. If we can help with construction, purchase and sales, property management and rentals, renovations or maintenance, through Sigma Realty, LLC or Sigma Companies, LLC, call Christa Saulters or David Saulters at 601-602-0046 visit us at

ADP Recognizes Strong Housing Sales in Greater Hattiesburg
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