Welcome to America’s Most Beautiful Industrial Park

Economic Impact – Finding Highlights

• Ferncliff employs 1,502 people at the site. Supply chain purchases support another 465 jobs in Henderson County, while local spending by households supports an added 301 jobs in the County.

• Ferncliff supports 2,268 jobs in Henderson County. That is, every job at the Park supports another 0.5 jobs in the county.

• Ferncliff supports jobs across all 19 major industry sectors in Henderson County. Wholesale Trade is the top supported industry at 97.1 jobs, followed by Administrative Services at 92.9 jobs.

• Ferncliff contributes more than $126 million worth of labor income to the Henderson County economy. For every dollar’s worth of labor income generated at the Park, there is another $0.45 of labor income added in the county.

• Ferncliff contributes $600 million worth of economic output to the Henderson County economy. For every dollar of economic output generated at the Park, there is another $0.30 worth of economic output added in the county.

• Ferncliff contributes $209.7 million worth of value-added dollars to the Henderson County economy. For every dollar of value-added generated at the Park, there is another $0.47 worth of value-added activity generated in the county.

• Ferncliff generates annual tax revenues equaling $45.9 million. Overall, for every dollar of tax revenue generated directly at the Park, there is another $0.52 of tax revenue generated.

• Total annual federal tax revenues generated equals $27.2 million; every federal tax dollar at the Park generates another $0.43 of Federal tax revenue.

• Total annual state tax revenues generated equals $11.9 million; every state tax dollar at the Park generates another $0.54 of State tax revenue.

• Total annual Henderson County tax revenues generated equals $5.5 million; every county tax dollar at the Park generates another $1.00 of county tax revenue.
  
• A separate review of local property tax collections for businesses in Ferncliff over the last five year’s shows that:

• In 2021, Henderson County received $1.3 million in property tax collections from businesses at Ferncliff. Over the five-year period, total property tax collections have increased by an average of 22.5 percent annually or $183,815 per year.
  
• In 2021, the Town of Mills River received $451,619 in property tax collections from businesses at Ferncliff. Over the five-year period, total property tax collections have increased by an average of 26.6 percent annually or $68,150 per year.

Access to the Full Report Economic Impact of Ferncliff Industrial Park

Ferncliff serves as an innovative model for communities, government, and developers to create sustainable jobs and preserve an area’s natural beauty, culture, and character.