Editor’s Note: Linda Buskey, Managing Sales Director at Bay Creek, recently attended a conference which focused on destination and retirement communities, and the economic impact they can have. Ms. Buskey gave a presentation to Town Council on the conference, and we thought it was so well put together, and packed with information, we wanted to share it with our readers here.
Bay Creek appreciates the opportunity to address you this evening and share information we recently heard while attending a national conference in Charleston, SC which focused on the economic impact of destination and retirement communities and also update everyone on Bay Creek.
One of the presenters spoke and referenced statistics from the book How Money Walks. Once we returned we took a look at the companion website which provides results based on specific geographical areas. For example the IRS Tax Migration chart which reflects wealth transfer since 1992 shows Virginia has gained $479M in wealth with Northampton County seeing $72M of that transfer. Feeder states include New York, New Jersey, Maryland, District of Columbia and Connecticut among others.