Port of Wilmington Cold Storage Groundbreaking

Governor Pat McCrory and the North Carolina State Ports Authority, along with USA InvestCo, broke ground on a new 101,000-square-foot cold storage facility this morning. The warehouse facility is located directly on terminal at the Port of Wilmington and is expected to create more than 100 new jobs. North Carolina’s agriculture business has always relied heavily on the Port of Wilmington and this specific construction, offering over 11,000 pallet positions, represents further development in that market.

The Port of Wilmington Cold Storage Facility is the first cold storage facility located on a port in the state of North Carolina. Previously, […]

Chuck Schoninger named NCFTP Board Member

USA InvestCo Principal Chuck Schoninger has accepted a position on the Board of Directors of the North Carolina Foreign Trade Promotion Council.  The organization was spearheaded by state Representative Rick Catlin, and has selected John G. Hayes, PhD as its First Executive Director.  Recently, Dr. Hayes has been the President of the North Carolina World Trade Association, Cape Fear Chapter.

Catlin said, “the idea for the council grew out of a desire to better utilize the global trade resources in NC, both public and private, also to utilize the Port of Wilmington’s foreign trade zone and expanding that to Wilmington […]

Search for new Ports Authority Executive

Department of Transportation chief Tony Tata, said that the search is on for the new Ports Authority Executive. Tata, visited the Port of Wilmington with Gov. Pat McCrory on Monday, said that, after conducting an international search, officials had narrowed the field of candidates considerably and would begin interviews shortly.

When the N.C. Ports Authority, which manages both the Port of Wilmington and the Port of Morehead City, was transferred from the N.C. Department of Commerce to the N.C. Department of Transportation in 2011, the authority’s board of directors saw its powers diminish, including, apparently, the power to hire and fire […]

Transportation Secretary Tony Tata on Cold Storage

North Carolina Department of Transportation Secretary Tony Tata discussed the departments top priorities for the year. Among this list, he specifically mentions USA InvestCo and the development of the Port of Wilmington Cold Storage project.

RALEIGH — It’s a big year ahead for the Department of Transportation. In a board meeting Thursday, new Transportation Secretary Tony Tata outlined his top priorities for 2013.

“One is to create a needed infrastructure, the other is to generate necessary jobs,” said Tata.

Like Gov. Pat McCrory, Tata says getting North Carolinians back to work is key. One example starts with this week’s approval from the […]

Star News Features Port of Wilmington Cold Storage

The Star News wrote a recent article featuring the Port of Wilmington Cold Storage project entitled “Chinese money will help build cold storage at Port of Wilmington”.  You can read the full article on the Star News website.


Site-plan and Architectural Drawings Completed



NC Exports Hit Record High

NC exports hit a record high of $14.8 Billion USD, in the first half of 2012.  North Carolina merchandise exports increased by 6 percent in the first half of 2013, according to the U.S. Department of Commerce’s International Trade Administration (ITA).

Read the full article on the Greater Wilmington Business Journal website.

NC Ranks 5th in Nation for Chinese Investment Dollars

North Carolina ranked the 5th-largest state in the Nation for Chinese investment, according to a recent article from the Triangle Business Journal.  Chinese Investment in NC follows only investment in California, New York, Texas and Illinois. North Carolina attracts Chinese investment dollars largely thanks to connections through the state’s universities. The article also details the pending sale of Smithfield Foods to China’s Shuanghui International Holdings Limited, a $5 Billion sale.

You can read the full article on the Triangle Business Journal website.

Global Outlook for Agricultural Products

The fiscal 2013 export forecast for livestock, poultry, and dairy is raised $300 million to a record $30.1 billion, with gains in poultry and beef outweighing reductions I pork.
Expansion in the Japanese market and strong demand in other major markets offsets restrictions by Russia. Poultry exports are forecast up $200 million, bolstered by rising global demand and higher unit values.
Pork exports are lowered $200 million mostly on lower unit values and smaller volumes although Russia’s import ban is expected to result in redirected shipments to other markets
The whole and processed tree nut forecast remains at $7.0 billion, on the […]