Latest News

  • Market Watch

    Jul 8 2020

    3rd Quarter 2020 Market Watch by Joe A. Hollingsworth, Jr. Wake up!  You are living in a big city in a blue state!  It is time to rethink this situation.  Whether it is Seattle, Los Angeles, San Francisco, New York City, Boston, Chicago, etc., it just doesn’t work anymore. A few of the things you may have noticed: This pandemic’s danger (as well SARS and similar to ones before and the ones to come after) is greatly heightened by living in high density areas; Protests with no apparent definable reason are now unrestrained and are morphing into thieves doing harm to neighborhoods, not to mention shootings and drugs. The cost of living and quality of life have greatly deteriorated, even the millennials are moving out.  Every big city is shrinking; Non-sense, political progressive leadership is totally incompetent and largely incoherent; and; Federal tax changes on SALT have raised your taxes to better reflect devastating local and blue state spending excesses. New York Governor Cuomo said when addressing the street protests, “You don’t need to protest.  You won.”   Then, he added, “What reform do you want?  What do you want?” All the media and the TV talking heads are in big cities, furthering the myopic progressivism that fuels the unrest.  Would their agenda be any different if they were all based in towns like Cookeville, Tennessee? As you may know, I wrote a book twenty years ago called The Southern Advantage, and it chronicled the South’s rise to economic prominence from abject poverty.  While there is some truth that air-conditioners changed people’s feelings about the South, the migration of “can do” people to the South has made it the largest population region as well as the economic engine of the United States. How does this affect industrial real estate?  We constantly are talking about reconfiguration of supply chains, or more recently the onshoring of jobs.  Those are powerful trends, specifically helping the South.  However, unfortunately, another trend is overtaking both of those; and, that is the dramatic increase of migration from the blue state big cities by “can do” people with affluence escaping, taxation and lifestyle meltdowns, and bringing their companies with them.  While I don’t support state vs state recruiting battles, that is clearly not what is happening.  It is the realization of over-taxation, over-regulation, bowing to powerful unions and their pensions, and other short-term “politically-correct” decisions that are frightening the people that remain in these areas to the point where they are now having to re-evaluate the lifestyle they want for their families. In open candor, I have been accused of being the “Mouth for the South”; however, I prefer to say that I am delivering a reality message that says the South is still blessed with common sense, workable policies, reasonable taxation, and empowering individual success.  Come on down!  The weather is wonderful! Comments:  jah@hollingsworthcos.com

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  • Press Releases

    Jan 29 2019

    Hollingsworth Companies Named “Company of the Year” Jan 29, 2019 Founded in 1836, Davie County, North Carolina is a county known for its neighborly attitude, civic pride, and entrepreneurial spirit. Having grown to a total population of approximately 42,000, Davie County is developing a growing suburban population focused on economic growth, and last year led the state with the most new manufacturing jobs. The Hollingsworth Companies has been involved in the Davie County, North Carolina community for over 20 years. Since the initial purchase of 45 acres in 1997, The Hollingsworth Companies’ South Point Business Park in Mocksville, North Carolina has grown to include nearly 200 acres and 9 buildings with a 10th in progress. With continued support from local and county officials, the development of The Hollingsworth Companies’ most recent 85-acre expansion will establish this Mocksville SouthPoint Business Park as one of the largest semi-rural industrial parks in the state. Each year, the Davie County Chamber of Commerce hosts an Annual Awards Gala highlighting achievements of the past year and honoring recipients of their signature awards: the Business of the Year Award and E.C. Tatum Humanitarian Award. The distinguished Business of The Year is given to a company that has made a significant contribution and had a positive impact on the local economy. Because of the 20+ year community involvement, the continued county support in the best and worst of economic cycles, and the assistance in bringing 7 companies and over 400 jobs to Davie County, The Hollingsworth Companies has proudly been named as the 2018 Davie County Business of the Year. This award represents a long-term and successful partnership with the Davie County community, and The Hollingsworth Companies looks forward to continuing to market the benefits of Davie County as it is too great to dream small dreams. For more information on available properties or Build to Suit/Lease to Suit opportunities in the Davie County SouthPoint Business Park, contact Tom Mann at tmann@hollingsworthcos.com. ###

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In The Southern Advantage, site selection expert, Joe Hollingsworth, tells you how to find the best location in America for your business! Click below to get your free copy today.