News

Foreign Trade Zone: Signed, Sealed, Delivered

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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.

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Make it an even dozen: Duke Energy economic development team honored by Site Selection magazine -- again

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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.

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Wilmington port's cold storage facility receives inaugural shipment

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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.

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Charlotte energy company plans swine-waste plants in eastern N.C.

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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.

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Southeast Fam Tour Highlights I-73/74 Micro Region

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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.

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