News and Announcements

COMMERCE ISSUES 2021 ECONOMIC DEVELOPMENT TIER RANKINGS

December 15, 2020
22 COUNTIES WILL CHANGE TIERS NEXT YEAR Nov 30, 2020 Raleigh, N.C. The North Carolina Department of Commerce released the county tier designations for 2021 today.  The designations, which are mandated by state law, play a role in several programs that assist in economic development. The 2021 rankings comply with the methodology prescribed by the North Carolina General Assembly in General Statute §143B-437.08, which identifies four economic factors to be compiled and calculated by N.C. Commerce and then used ... Continue Reading

WBD Relationships Foster Regional Economic Growth

November 3, 2020
Despite the COVID-19 pandemic and other headwinds, Wilmington Business Development (WBD) and its members, allies and partners achieved significant results for the region in 2019-2020. WBD directly and indirectly influenced over $100 million in new capital investment and 635 jobs for southeastern North Carolina. Those efforts included announcements by Polyhose, Pender Commerce Partners and Pacon, expansions by Coastal Beverage and South-Tek Systems, and acquisitions of the Port Logistics Center and Cape Fear Industrial Complex.   Polyhose Inc., ... Continue Reading

Pender Commerce Partners to Continue Investment in Greater Wilmington

October 26, 2020
Winston-Salem-based Pender Commerce Partners 1 LLC is now in the process of acquiring additional land at Pender Commerce Park in order to develop its second speculative industrial building there in two years. Fresh off the completion of its 127,356 sq.-ft. spec facility at Lot 2 in the park, the company, which consists of Ramm Capital Partners LLC and Taylor Development Group LLC, is now in the due diligence period for 20 acres on Lot 6 ... Continue Reading

ATMC Awarded USDA ReConnect Grant to Bring High Speed Internet to Pender County

September 14, 2020
ATMC announced in September that the U.S. Department of Agriculture (USDA) awarded the cooperative a $21.6 million dollar grant to help fund its ‘Faster Pender’ project which will allow the Shallotte-based company to expand high-speed internet access to over 7,000 addresses in rural Pender County.  Gigabit broadband internet access will be made available to 6,853 residential addresses, over 285 businesses, 19 educational facilities, nine healthcare facilities, 15 critical community facilities, and 209 agricultural operations. ATMC ... Continue Reading

WBD Welcomes New Board Members, Officers

July 7, 2020
History was made on June 26th when WBD’s board of directors met to choose its leaders for 2020-2021. Sabrina Sells, a Wilmington banker and longtime economic development advocate, was elected the organization’s first-ever female chair. Fred Samz, third party services manager of Celanese is now vice chair, Tim Milam, head of Coldwell Banker Sea Coast Advantage is treasurer and WBD CEO Scott Satterfield will serve as secretary. “The organization could not be in better hands,” said ... Continue Reading

NCDOT completes bridges at New Hanover-Pender border

June 5, 2020
By Allison Ballard, StarNews June 4, 2020 WILMINGTON – The N.C. Department of Transportation announced Thursday that construction of two two-lane bridges on U.S. 421 near the New Hanover-Pender county line is complete. The highway, which is one of the area’s main thoroughfares, fully reopened to traffic Wednesday afternoon, according to a release from the department. The area washed out during Hurricane Florence in 2018. Crews built a temporary bridge over Fishing Creek after the storm and started construction ... Continue Reading

$8 Million Spec Building in Development at Pender Commerce Park


Plans are well underway by Pender Commerce Partners 1 LLC to build an $8 million, 126,360-sq-ft. speculative building at Pender Commerce Park. Based in Winston-Salem, the company consists of Ramm Capital Partners LLC and Taylor Development Group LLC. Groundbreaking occurred in February on the 15-acre property, and the project is on track for completion as anticipated during the 3rd quarter, according to Chris Ramm, chief operations officer at Taylor Development Group. “Our project on Lot 2 ... Continue Reading

North Carolina Ports Welcomes Largest Container Ship to the Port of Wilmington


By North Carolina Ports May 21, 2020 Wilmington, N.C. – The North Carolina State Ports Authority made history Wednesday as the MV Hyundai Hope sailed in to the Port of Wilmington. The MV Hyundai Hope has a carrying capacity of nearly 14,000 TEUs (twenty-foot equivalent units) and is one of the largest container ships calling on the United States East Coast. “This is a monumental milestone for North Carolina Ports, the Port of Wilmington and the entire state ... Continue Reading

WBD Joins NC Southeast in Interactive Regional Property Database


New Hanover and Pender counties are among the 18 counties working with North Carolina’s Southeast in showcasing available buildings and sites via a state-of-the-art interactive regional database. NC Southeast, the Elizabethtown-based regional economic development marketing partnership, launched the system in January of this year. Built on the “ZoomProspector” tool suite, the system offers consultants and clients online access to customized mapping, workforce demographics and more. The suite is a product of GIS Planning Inc., a ... Continue Reading

Edgewater Ventures Acquires 240,000-Sq. Ft. Distribution Facility


Edgewater Ventures, a commercial real estate investment firm, announced in April its acquisition of a 240,000-sq.-ft. distribution facility on Landmark Drive in Wilmington. It’s the Raleigh-based company fourth industrial real estate acquisition in the Wilmington region in three years. “We’re pleased to add the 421 Landmark Drive building to our growing industrial portfolio in Wilmington,” says Chris Norvell, Partner at Edgewater Ventures. “We’re bullish about the long-term growth of the Wilmington market and view this facility ... Continue Reading