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Banner Elk, North Carolina
‘s biggest industry is tourism. Hotels, lodges, ski resorts, restaurants, golf resorts and art galleries account for most of the incoming money. Winter brings skiers and snowboarders, fall brings leaf-watchers, and in the summer second home owners come to spend their vacations. For the service sector targeting tourists, business is very cyclical, with peaks during the skiing season and when the leaves change color in October, and with slow periods after that. The second largest industry is Christmas tree farming and nurseries. Cool air in the summer, moderate precipitation and fertile soils are very favorable for that kind of business. There is no industrial manufacturing within Banner Elk’s external jurisdiction. Other businesses in Banner Elk include: accountants, banks, financing, and schools, medical, local government, law, specialty shops/retail and other miscellaneous services.
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