An expanded Foreign Trade Zone #214 is now an approved reality for eastern North Carolina. The U.S. Foreign Trade Zone Board has signed off on the application to expand the FTZ and change the zone from a traditional model to the newer, more flexible Alternative Site Framework (ASF). A Foreign Trade Zone is like a “duty free” zone for businesses. It’s a secure area in or adjacent to a U.S. Port of Entry, authorized by the federal government. Merchandise of every description may be held in the Foreign Trade Zone without being subject to customs duties or other added value taxes.
CHARLOTTE, N.C. – For the 12th consecutive year, Duke Energy has been named to Site Selection magazine’s annual list of “Top Utilities in Economic Development.”
In the magazine’s September edition, it credits Duke Energy's economic development team and its successful collaboration with state and local partners for delivering more than $3.5 billion in capital investments and over 12,000 new jobs in 2015. Duke Energy has been featured on the list every year since 2005.
WILMINGTON -- Three truckloads of frozen turkey parts rolled into the Port of Wilmington Friday morning, headed for a massive storage facility already chilled to zero degrees. The trucks are the inaugural clients for the port’s new cold storage facility, the first of its kind offered at a port in North Carolina.The pallets of turkey being hauled in the trucks, however, will be short-term tenants at the still-empty facility. Instead of being shelved for an extended stay in the zero-degree storage room like most products, the shipment will quickly be shuffled into an container and put on a ship bound for Asia by days end.
Clean energy developer Blue SphereCorp. has signed options to purchase two sites, roughly 20 acres each in Eastern North Carolina, where it intends to build swine-waste-to-energy plants. Blue Sphere is the developer and minority owner of the 5.2-megawatt food-waste-to-energy project on Johnson Road in Charlotte. That project is 95% complete and is slated to come on line by October. Beth Anne Clark, a project development manager with Blue Sphere, says the two projects that the Charlotte-based company is eying would be about three megawatts each — smaller than the Charlotte plant currently under construction.
As part of its ongoing infrastructure investment plan, North Carolina Ports has completed the expansion project of its turning basin at the Port of Wilmington. The expansion allows the port to accommodate post-Panamax vessels with a length of 1,150 feet (350.52 meters) and a breadth of 158 feet (48.16 meters).
A new wastewater treatment plant in Hoke County is expected to generate cost savings to local residents while also boosting the business recruitment potential of the county and the Southeastern Region.
A double-stacked freight train with non-stop overnight service coming in the fall will give Wilmington something it doesn't have now: an intermodal connection between the Port of Wilmington and Charlotte.
Distribution Services Provider to Consumer Foods Industry Will Invest $21.6 Million in Expanded Operations.
Another Latin America container service is coming to the Port of Wilmington, according to an announcement this week.
Eleven site selection consultants and commercial real estate brokers joined county, regional and state leaders for a familiarization tour of the I-73/74 Micro Region earlier this month. The three-day “FAM tour,” which highlighted Anson, Montgomery, Moore, Richmond and Scotland counties, followed closely on the heels of a similar event organized last fall in the Greater Wilmington micro region.