Newton is successfully transitioning from a furniture and textile manufacturing economy to a diversified manufacturing and service economy. Employment losses in furniture and textiles have been tempered through the aggressive recruiting efforts of City of Newton officials and the Catawba County Economic Development Corporation. Newton is known for having a very “business-friendly” local government. The City has adequate water and wastewater treatment capacity and owns and operates an electrical distribution system. Businesses and industries have found the cost of doing business here very attractive, as evidenced by the number of new industries and recent expansions.