Governor on the Port of Wilmington Cold Storage

Raleigh, N.C.– Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker recently announced that USA InvestCo plans to create 100 jobs and invest more than $15 million in a new cold storage facility at the Port of Wilmington.

The company is developing the Port of Wilmington Cold Storage facility (PWCS), a 75,000-square-foot cold storage facility that will store locally produced pork, poultry, fruits and vegetables. PWCS could eventually be expanded to 300,000 square feet depending on demand.

“North Carolina and the Greater Wilmington region have become a very desirable site for companies to locate and expand their operations,” said Governor McCrory. […]

PWCold Lands Large Grant

The Port of Wilmington Cold Storage project landed a large grant from the Golden Leaf Foundation yesterday.  The $800,000 Golden LEAF Foundation grant will assist in the development and construction of the cold storage facility.  It’s one of the last and largest grants awarded by the foundation for 2013.

You can read the full article on the Greater Wilmington Business Journal’s website here.

New Article in Greater Wilmington Business Journal

Chuck Schoninger and USA InvestCo were featured in a recent news article from the Greater Wilmington Business Journal.  The article, entitled “Yeoman yuan, Chinese investment in Wilmington projects increase,” discusses Chinese investment in the State of North Carolina through the EB-5 program.  The article also discusses the Port of Wilmington Cold Storage project in more detail.

You can read the full article on the Greater Wilmington Business Journal’s website.

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.

Pre-construction on the Port of Wilmington Cold Storage Facility

Pre-construction activities on the PWCS project have started.  Catlin Engineering is in the process of taking boring samples on the PWCS site. This site investigation will provide information on the soil quality and density at various depths. Our architects, engineers, and general contractor will use this information to ensure that we have the appropriate structure on which to construct the PWCS facility.

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.

Port of Wilmington Cold Storage Site

Port of Wilmington and Maersk Line Collaboration

Port of Wilmington and Maersk Line, the world’s largest container shipping company, are working together to expand the port’s global market. One way that they have done this is by encouraging companies to change their methods of shipping cargo to South America. These companies are now using more efficient methods of shipping through the Port of Wilmington. Maersk is also adding additional port calls to the South Atlantic Express, which offers service between Port of Wilmington and Latin America. All of this will lead to more opportunities for shipping through North Carolina. Read more about in the Greater Wilmington […]