Simply put, economic development is attracting people to live and work in your area. Each time a new family moves into Bedford County or a graduate decides to live and work in his hometown rather than move, we experience economic growth. When they buy groceries at the corner grocery store, get their car fixed at the local garage, or order pizza delivered to their home, they are a cog in the wheel of economic growth. Evidence can be seen all around us: those counties where the population is growing are experiencing economic growth.
With roughly 80,000 residents, Bedford County population exceeds all of our regional county peers. Additionally, the median family income and home values in our County compare favorably.
Jobs follow people. Businesses look for two things when choosing an area: low taxes and qualified workers. Bedford County’s real estate tax rate of 0.50 is well below (0.13) the median of our regional peers. And with good schools and neighboring universities and colleges, our workers are qualified.