Devon Hawkins, lecturer in economics, spoke with WXII about the new multi-million dollar distribution center for the parent company of Food Lion.
Lecturer in Economics Devon Hawkins recently spoke with WXII in Winston-Salem, North Carolina, about the economic impact of “Project Titan,” a multi-million dollar distribution center for the parent company of grocery chain Food Lion coming to Guilford County.
The investment from Ahold Delhaize USA is expected to bring hundreds of jobs and be an economic booster for the local economy. According to WXII, the City of Burlington approved more than $21 million in incentives for the project.
“All the new income jobs that are being created are now going to explicitly become income for companies all throughout the community,” Hawkins told WXII. “We’re not just buying groceries. We’re buying gas. Our kids are going to schools. It multiplies throughout the economy. That’s really a fascinating part of fiscal policy and economics in general, how income, for one, turns into income and continues to create GDP and economic activity.”