WASHINGTON– In a surprising turn of events, new financial data from the Federal Reserve brought jubilation to both Main Street and Wall Street yesterday as the economic picture for job growth, new business starts and overall household income improved markedly improved since last month. But financial analysts were bewildered about the source of this sudden economic rebound: farmers markets reopening for spring with fresh produce.
“The looming economic recession that kept Americans on the edge of their seats for the past months has been entirely and unexpectedly averted by an infusion of revenue generated at local farmers markets,” said a grinning Ben Bernanke, chairman of the Federal Reserve, at an appearance with President Bush at a farmers market in suburban Reston, Virginia. “We should never have underestimated the economic prowess of public markets simply because of their small size, lack of business experience, or previously tiny share of the commodity system.
The outlook is even rosier for April and May, as farmer’s markets reopen in many states outside the Sun Belt. Concerns were raised by many economists about what happens late next fall when local farmers markets shut down at the end of harvest season, but Congress was busy all day yesterday drafting emergency legislation to construct thousands of indoor year-round public markets.
The Clinton-McCain-Obama Act, named for its chief sponsors, passed unanimously in both the House and Senate yesterday and was signed by President Bush in a special ceremony at Washington’s Eastern Market this morning. It appropriates more than $37 billion dollars to construct and manage indoor public markets in every county seat and community of more than 2500 people across America.
“Obviously, these sources of local food, public gathering places, and intra-neighborhood commerce are the engine that will drive the economy of the United States,” Bush said as several members of the White House press corps fainted in shock.
While this marks a sudden and fundamental shift in the Bush Administration’s policy, press secretary Dana Perino reminded reporters, “George Bush and Dick Cheney have always been true believers in market economics.”
“This administration may have devoted too much attention to large businesses in our first seven years,” Perino admitted. “But in our last ten months we will do everything possible to level the playing field by boosting small-scale farmers and enterprises that serve Americans right in their communities. Farmers markets are just the beginning. We also intend to boost small, independent neighborhood businesses.”
Economic analysts attribute this huge growth in farmers markets to consumers’ newfound interest in eating locally-sourced food, improving public health, boosting their local economies, creating community gathering places and supporting small, environmentally-friendly farmers everywhere.
“We must publicly acknowledge the new power of farmers markets in the U.S., and admit that we have so far missed the boat on what consumers want: healthy, locally-grown food,” said Alice Walton, daughter of Wal-Mart founder Sam Walton. “We cannot stand in the way of progress. We plan to add organic farmers markets to each Wal-Mart store and will look into tearing up the parking lots to plant heirloom tomatoes.”
Interest in locally produced food is expected to grow substantially, fueled in part by a report to be released next week by the federal Centers for Disease Control that unearths long-buried research establishing clear links between eating locally and wildly prolonged human life expectancy.
Read this and all the other April 1 News at Faking Places. Hope your day was a pleasant one…
See The Spectacular 33 N. Main Renovation Thursday
What a difference in the building at 33 N. Main in Belmont from August to March!
And here’s your chance to see the renovation that owner Richard LaVecchia has achieved as the new Designing Brides and the relocated Peppermint Shoestring hold an open house and grand opening Thursday, March 13, from 10 AM until 7 PM.
Nancy Lepore, owner of Designing Brides, and Lynnelle Dobbins, owner of the Peppermint Shoestring Children’s Boutique, extend a special invitation to Chamber members and friends to come by between 5 p.m and 7 p.m. for tours and refreshments.
The building, which was once used as a funeral home, a clothing store, and most recently, a gift basket shop, will be a fine addition to the thriving downtown community.
Several neighbors and friends met Nancy Lepore and her husband, Patrick, last summer during the Friday Night Alive activities.
Almost 3,000 new homes are planned, along with a 36-acre “regional” park, and an additonal 30-acres for an elementary school site.
It is great to see their plans, but some of the land reserved for the park and the school site are basically very difficult and expensive terrain to develop.
It is both a good news and bad news type of story. The good news is that they plan a long term build out of the project — 15 to 20 years; The bad news is that the road plan is also a bit questionable. It is relying heavily on the use of South Point Road and an unfunded “spine” road closer to the South Fork River, connecting with Armstrong Ford Road(Main Street) near Timberlake and connecting to the Garden Parkway.
We hope that this particular road is built BEFORE the proposed houses and towncenters are approved. If you think South Point Road is busy now, wait for this development to take off.
Unfortunately — well maybe fortunately — the state builds roads, Senator Pittenger has a very cozy relationship with the development firms around the state. We would not be too surprised if this “spine road” gets fastracked. As former city councilmember Irl Dixon once stated, the TIP ( transportation Improvement Program) had already designated that a road needed to be built and overlayed a road path. The Comprehensive Land Use Plan by the City of Belmont accepted this overlay, so all things considered, the road could be a go…
Hopefully, the funding will be forthcoming from the state legislature. We know that Representative Wil Neumann of Belmont is supportive, if not for re-election purposes at the very least.
Other good news on this project is the developer. Haden Stanziale is a recognized leader in large tract development. The project will certainly be first class. The bad news about this developer is that it contributes to the notion of economic cleansing concerns that many in-town and long-time residents have expressed.
When the property taxes on revaluation of property goes sky high two things happen. Pleople sell their property, or they can’t afford the tax bill. In this “bubble-burst” period of housing slowdown, both the resale of existing homes and new homes may help keep the tax values from rising too quickly.
We have a county commission that is very averse to raising pennies on property, but willing to hit the sales tax side for “good causes” — this is a whole ‘nuther story completely so we won’t talk about it right now.
At the last city council meeting, two local business owners pleaded with the council members for relief from water use restrictions.
Hoagland Landscaping and Southern Roots (the former Low Meadows) expressed concern that the cities and towns of the region had a mish-mash of rules governing what could and could not be done during each particular Water Restriction level.
They reported that trade organizations were working with area governments to consider standardizing the rules across community lines.
We agree with the suggestion and work to bring communities together for comprehensive guidelines regarding water use. The restrictions have created particular economic hardships to the hundreds of landscaping “companies” and nurseries that supply the community. In this instance, the drought is causing a shakeout of the landscapers in particular. The US Small Business Administration (SBA) began offering low-interest loans to businesses affected by the drought sometime last year. The shakeout of businesses that is occuring is a natural process of the market place in two levels. The first level are those businesses started as “sidelines” or supplemental jobs by folks such as firefighters, school teachers, and job-in-betweeners. Mainly folks who cut lawns and provide basic landscaping services. The second level are the true professionals who have made careers out of learning the trade and became proficient to have sustained the ups and downs of the industry.
We feel for both levels of providers. But again, there is temporary relief to help the rough spots. This document/flyer by the SBA could help those professionals over this weather-related hump.
As the rain last night and today remind us, God will provide. His timeframe and ours are not always the same. Balancing a precious resource such as freshwater with community sustainability versus a profit-making venture requires much discussion, debate, and cooperation.
At this morning’s First Friday Focus, a Gaston Regional Chamber, regular event, “Big Plan” Palenick, Gastonia’s city manager/chief litigator, presented HIS big plan for Gastonia.
Speaking before a good sized crowd of chamber members and interested others, “BP” noted that many downtown business owners supported the plan “enthusiastically”.
We already know that the city council has swallowed the kool-aid in its desperate attempt to revive a city that lost its relevance when I-85 was completed, and then again when Wal-Mart took over at both ends of town.
It now appears that the libertarian mouthpiece, the Gaston Gazette, is certainly looking more favorably on these plans as well. Their tone and style of writing is disappointing considering their distain for the TIF laws as passed in 2004.
Good luck Gastonia.
Really, we mean it…
The Belmont, oops, Montcross, Chamber of Commerce bestowed its highest community award to Jack and Gearl Dean Page at its January 24 annual dinner.
We also congratulate the Pages for this award. As friends and neighbors at church and in the community, Jack and Gearl Dean have always been active and engaged in community projects.
Caravan Coffee owner, Vince Hill, was recognized as Business person of the year.
Now about changing Belmont to Montcross…
A suburban town just outside of New York City is offering an “opportunity” for its senior citizens to work off their property taxes.
Wow, a novel way to counteract spiralling need to reach into a homeowner’s wallet. Since we taxed your property that a lot of people want, and you can’t afford the taxes now, we can let you work for us!
We wonder – does that mean the county government payroll goes up, or are the newly minted serfs considered “contract workers”? If the community has a public bidding process, does that mean the senior citizens in the community have to publically bid for the job “opportunity”? Do the wages earned get taxed?
“There are lots of things people can do for the town and it wouldn’t cost us that much to pay them”, said Town Supervisor Paul Feiner.
Minnesota “allows” its senior citizens to defer their property taxes, but not forgives them of the obligation — “This is not a tax forgiveness program – it is a low interest loan from the state. The deferred tax is paid by the state to your county. Interest will be charged on this loan. The interest rate will be adjusted annually, but will never exceed five percent. A lien will attach to your property.” — from the state web page.
OK, so now we owe interest on top of the tax, and our children pay the estate off when we pass away. Sounds like a windfall for the county — even better than the accomodations tax used to fund our community festivals and chambers of commerce.
“They’re heart-committed volunteers,” said Council on Aging Director Patricia McCarthy, to a Whitman, MA, town council. Town Administrator Frank Lynam said there could be work for seniors who want to take on light custodial work at the Town Hall.
Shur’nuf, 111 hours of peasant labor…
The qualifications for this exclusion also require the owner to make a timely application. The deadline for the application is June 1. The major qualifications for a Gaston County resident include a minimum age or disability as of January 1 — 65 years or older or totally and permanently disabled. In addition, the owner’s adjusted gross income (individual or husband and wife) can not exceed $19,200 for the calendar year preceding the year in which the exclusion is claimed. Those who qualify for the exclusion can receive the greater of $20,000 or 50% of the value of their residence reduced from their tax bill.
Since the Gazette didn’t pick up the story yet, maybe our illustrious county commissioners won’t get big ideas just yet. Oops — too late — it appears that there at least a couple county commissioners that read this blog.