The Southeast Compass-Winter 2017
Yost Remarks:The Virtues of Planning
Events in recent months have reminded me of how critical a good strategy can be.
Take four major announcements from the last few months: In October, multinational joint venture King Charles Industries unveiled exciting plans to produce specialty apparel in Anson and Montgomery counties. A few days later, Pepsi Bottling Ventures unveiled plans for a major mid-Atlantic distribution center in Robeson County that will employ 250. In December, Carbon Cycle Energy broke ground on a $100 million bio-gas facility in Duplin County. Poultry giant Mountaire Farms selected Scotland County the following month for what will become the nation’s largest grain mill. Read More.
Brokers Reception Offers Valuable Venue for Regional Promotion
Hastings Crockard had been a member of the investor leasing team at CBRE only a few weeks when she had an opportunity to mix with economic developers and learn about an important North Carolina region. She was among the 33 guests attending the Southeast’s annual commercial/industrial broker outreach reception, held on February 15th at Raleigh’s 18 Seaboard. Read More.
Partnership’s Annual Meeting Draws 120 Attendees
Elizabethtown’s Cape Fear Vineyard and Winery was the backdrop for The Southeastern Partnership’s 2017 Annual Meeting. The event drew 120 guests from around the region, including board members, partners, allies and investors. Read More.
Multi-National Sports Apparel Venture Selects Anson, Montgomery Counties.
Officials of King Charles Industries expect to break ground by early April on a $12.5 million facility that will be part of a global sports-apparel business. The company, a joint venture between Taiwan’s Kingwhale Corporation and Lilesville, N.C.-based Hornwood Inc., announced its location plans last fall. Read More.
Consultant Missions Earn Value for Both Sides
Local and regional economic developers in Southeastern North Carolina routinely take their message to the most influential players in the site selection process: location consultants. Read More.
Mountaire Farms Selects Scotland County for Nation’s Largest Grain Mill
Delaware-based Mountaire Farms, a fully integrated provider of branded and private-label chicken to U.S. and foreign consumers, announced in January its choice of Scotland County for a $44 million grain mill. The facility will be the largest of its kind in the U.S., employing 65 workers at annual wages averaging $51,408. Read More.
Southeast Targets Canada as Source of International Investment
In 2015, Canadian companies accounted for nearly $449 billion in foreign direct investment into the United States, according to the Canadian government. The amount constituted nearly 45 percent of all of Canada’s direct investment abroad. Closer to home, Canada remains North Carolina’s top trading partner, accounting for 23 percent of the state’s total exports in 2015. Read More.
Pepsi Bottling Ventures to Build 250-Job Distribution Center in Robeson County
Southeastern North Carolina’s convenient access to major markets, along with an unmatched workforce and excellent transportation systems, make the region an ideal destination for distribution operations. Just ask Pepsi Bottling Ventures, which recently announced plans to build a $16.5 million distribution center in the Robeson County community of St. Pauls that will supply beverage products to consumers from Delaware to South Carolina. Read More.