Regional News

India's Polyhose Will Invest Nearly $8 Million At Pender Commerce Park, Create 51 Jobs

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Global Provider of Industrial Hoses and Fittings Will Establish its First North American Logistics Outpost

November 26, 2019 (Elizabethtown, N.C. and Wilmington, N.C.). Polyhose Inc., the U.S. unit of Polyhose India Private Limited, plans to establish its first North American industrial facility at Pender Commerce Park. Its initial Phase One plan is for a 40,000-sq.-ft. build-to-suit assembly and logistics space that will employ 51 workers. Officials of the company and its parent, which is based in Chennai, India, joined Governor Roy Cooper today to announce the decision.

“Pender County is ready to grow, and international companies like Polyhose know North Carolina’s strong workforce is the right way to put their strategy to work,” said Governor Cooper.

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Consulting Firms Will Partner in Southeast Strategic Economic Analysis

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Analysis Will Assess Regional Economic Opportunities

November 14, 2019 (Elizabethtown, N.C.) Two marquee names in economic development consulting have joined forces with North Carolina’s Southeast to analyze job-creation opportunities in the Southeast Region as part of a strategic assessment being supported by the U.S. Economic Development Administration (US EDA). Raleigh-based Economic Leadership LLC and Creative Economic Development Consulting LLC (Creative EDC), headquartered in Elkin, N.C., will partner in a study of the region’s economy that will include economic trends, workforce dynamics, policy impacts, and education connectivity. At the heart of the strategy will be sharpening the focus on existing and emerging business and industry sectors that align best with Southeastern North Carolina’s economic assets. 

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ICYMI: USDA Invests $23.7 Million in Rural Broadband for North Carolina Families

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News Release

CLINTON, N.C., Nov. 6, 2019 – Today, U.S. Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Donald “DJ” LaVoy announced USDA has invested $23.7 million in high-speed broadband infrastructure that will create or improve rural e-Connectivity for nearly 8,750 rural households in North Carolina. This is one of many funding announcements in the first round of USDA’s ReConnect Pilot Program investments.

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UNCW Ranks On U.S. News & World Report's Best Colleges List

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By: Johanna Cano, WilmingtonBiz

The University of North Carolina Wilmington has ranked for the first time on U.S. News & World Report’s list of Best Colleges under the National Universities category, coming in at No. 185.

The university also ranked No. 92 in the Top Public Schools subcategory, for which it tied with Ohio University and the University of Houston.

“Being recognized as one of the top 100 public universities in the nation during UNCW’s first year in the national category speaks volumes about the quality of our faculty, staff and students and their commitment to excellence at every level,” Chancellor Jose Sartarelli said in a news release. “In less than a year, Hurricanes Florence and Dorian affected our institution, and yet our campus community continues to rise above challenging circumstances, building a dynamic university dedicated to student success, advanced research, and community engagement.”

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Wilmington Firms Make Inc. 5000 List

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By: Christina Haley O'Neal, WilmingtonBiz

Four Wilmington companies have ranked on this year’s Inc. 5000 list.

Inc. Magazine’s annual list of the top 5,000 fastest-growing privately held companies in the country was released Wednesday and on this year's list, the local area firms are Untappd (No. 221), Geo Owl (No. 1511), GigSalad (No. 1741) and MegaCorp Logistics (No. 2444). Find an interactive map of national growth based on this year's list here.

Companies on Inc. 5000 are ranked according to percentage revenue growth from 2015 to 2018, states the website.

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N.C. Ports Expanding Refrigerated Container Capacity

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By: Christina Haley O'Neal, WilmingtonBiz

A $14 million project to triple the Port of Wilmington's refrigerated container capacity is now underway, port officials said this week.

The project will grow the Port of Wilmington's capability to handle refrigerated containers from 300 to 1,000, once the project is complete, said Brian Clark, chief operations officer and deputy executive director of N.C. Ports.

The work is happening on the port's existing footprint near the Port of Wilmington Cold Storage facility, said Bethany Welch, spokeswoman for N.C. Ports. When complete, the project will consolidate the port's refrigerated cargo into one space, and add the ability to stack its refrigerated cargo, she said.

The project, which totals $14.2 million, is part of the port's overall container terminal expansion plan. In March, the ports completed a portion of the plan, which opened a new section of the container terminal, Welch said.

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North Carolina’s Southeast Gets Grant For Job Sector, Site Analysis

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By: Christina Haley O'Neal, WilmingtonBiz

North Carolina’s Southeast, an 18-county regional economic development group, has been approved for federal funding to look at industry sectors and industrial real estate in its territory, according to a recent announcement.

The organization, which includes the Wilmington area, has been approved for a $148,000 grant from the U.S. Department of Commerce’s Economic Development Administration (EDA), officials said in a news release.

North Carolina's Southeast will contribute a 20% match of $37,000 toward the project's total $185,000 cost.

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Specialty Vehicle Manufacturer Chooses Cumberland County for First East Coast Location

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Governor Cooper announces 60 jobs and $2.3 M investment by E-N-G Mobile Systems

Raleigh: May 16, 2019

E-N-G Mobile Systems, LLC, a designer and manufacturer of specialized vehicles, will create 60 jobs as it locates its first East Coast operations in Cumberland County, Governor Roy Cooper announced today. The company and a related company will invest $2.3 million in the new facility, located in Fayetteville. 

“Manufacturers know they can find the skilled workforce they need to grow here in North Carolina,” said Governor Cooper. “E-N-G was looking to expand with its first location on the East Coast near the company’s diverse customer base and North Carolina is a perfect fit.”

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Pacon, Navassa: A Successful Match

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By: Jenny Callison - WilmingtonBiz

The fact that Southeastern North Carolina has a variety of recreational offerings could have helped clinch the deal for Pacon Manufacturing in its decision to locate in Navassa.
 
That’s according to Bill Early, director of Brunswick Business & Industry Development (BID), who led the recruiting effort that is bringing Pacon to Brunswick County. Early said Mike Shannon, Pacon’s chairman of the board, enjoys boating, fishing and golf.
 
“When he relocates to the area, he will be bringing his boat,” Early said.

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ILM Kicks Off Construction On Phase 2 Of Expansion

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By:  Jenny Callison - WilmingtonBiz

A phalanx of shovels in the hands of local elected officials hit the dirt Monday morning as Wilmington International Airport (ILM) broke ground on Phase 2 of its terminal expansion project.

The new phase will add about 15,000 square feet of space to the terminal. It will contain a new outbound baggage makeup device designed to expedite moving checked luggage from the ticket counter area to individual aircraft, according to Granseur Dick, ILM’s planning and development director.

Donna Girardot (right) chairwoman of the New Hanover County Airport Authority, told the groundbreaking attendees that the new space will also expand the airline ticket lobby, ticket counters and ticket offices, and will provide space for a potential fourth airline in the future. Currently, ILM is served by American Airlines, Delta Air Lines and United Airlines.

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