GREENSBORO, N.C. — A local economist said Greensboro is growing as the economy is slowly leveling out.
WFMY News 2 spoke to a new local business who said it is benefiting from it.
The Quarter in Downtown Greensboro is inspired by the New Orleans French Quarter. The bar opened just over a month ago.
One of its owners told WFMY News 2 the bar is here to stay.
"They bought the building, so this is not a lease this is a long-term forever commitment," Co-owner Edwin Medina said.
The Quarter in Downtown Greensboro is growing its roots. Medina said the idea came from a close friend named Herbert Guillermo.
"Sometime last year he told me about this idea about opening a New Orleans themed bar. I've been in love with New Orleans for quite some time," Medina recalled, "He told me, if he opens a New Orleans themed bar would I be interested and I said yes."
Medina said the bar has welcomed many patrons, and is becoming a hotspot.
"The turnout every weekend is almost comparable to what I see in Miami and New York City. Those are the two bigger markets I have more experience in," he said.
A welcomed sight as local economist Mark Burkey said inflation has impacted the economy.
"Thank goodness now that inflation is coming down. Theoretically that means that the economy is slowing down as well," N.C. A&T Economic Professor Burkey said, "It's good to see that Greensboro is doing well enough where we're attracting new businesses to come downtown."
This falls in line with the city's 2030 strategic vision plan, it includes: sustainability, economic competitiveness and mobility.
"Ideally, you're going to have housing and businesses grow together. "As the businesses start moving into the area and hiring more people, that's going to attract more people to move into the area. Hopefully those two are going to be growing at about the same rate," Burkey said.
Medina said said one of the partners has a ties to UNCG. He said the partners collectively planted seeds in Greensboro to meet a need.
"Friendly, upbeat, and fun environment from what I've heard so far Greensboro needed this." "That's why we're here," he said.
Currently, The Quarter only serves drinks, Medina said the bar plans to serve food in the near future.