News and Announcements
Wilmington International Airport Ranks #1 in North Carolina and #3 in U.S. for Growth
May 24, 2023
May 11, 2023
A recent analysis shows Wilmington International Airport continues to experience significant growth. During the period of January-September, all airlines are showing positive growth at ILM and seat growth in the market is +32%. With this growth in seats, Wilmington International Airport is North Carolina’s fastest growing airport for the first three quarters of 2023.
Further, ILM is also the 3rd fastest growing airport in the entire country (percent seat capacity growth Jan-Sept 2023 versus ... Continue Reading
Performance Team announces plans for new cold chain facility in Wilmington, NC
December 7, 2022
By: AJOT | Dec 05 2022 | Logistics | Ports & Terminals
Performance Team continues to expand and integrate end-to-end cold chains with the announcement of a new cold storage facility in Wilmington, North Carolina opening in Q3 2023 to serve imports and exports.
North Carolina accounts for 10% of total U.S. pork exports (as the 3rd largest in pork production), the 7th largest in poultry production and the largest in sweet potato production. Site selection-wise, the ... Continue Reading
Product Development Strategy Keeps Greater Wilmington Ahead of the Game
The region’s enviable success in drawing corporate relocations and expansion means having to double-down on efforts to identify and prepare additional industrial sites, parks and buildings. Given the time and technical complexity in bringing new economic development product to market, today’s just-in-time business world looks for faster ramp-up times than ever before.
In June, WBD leaders joined Chris Ramm and his colleagues at Ramm Capital Partners in breaking ground on an important new speculative building at ... Continue Reading
WBD Invitational Offers Networking and More
Southeastern North Carolina’s premier business golf event this year brought 216 players to River Landing Country Club. Held under autumn skies on October 13, the 2022 WBD Invitational featured 72 teams.
The annual event is a valuable opportunity for relaxation and relationship-building. “We had fun,” says Eric Howell, CEO of Port City Logistics, who participated in the event for the first time along with Billy Robinson, the Savannah, Ga.-based company’s Founder and Chairman. “It was one ... Continue Reading
GE Hitachi Will Invest $85 Million to Expand its Wilmington Presence
October 21, 2022
Global Push for Carbon-Free Electricity Drives Creation of 485 New Jobs
Oct. 21, 2022 (Wilmington, N.C.) – GE Hitachi Nuclear Energy, a leading global provider of advanced reactor technologies, fuels and nuclear services, will expand its Wilmington workforce by more than 485 over the next five years as it invests more than $85 million in its New Hanover County operations. Company executives joined city, county and federal officials today in announcing the expansion.
The expansion comes as ... Continue Reading
Live Oak Bank Adding 204 Jobs and $25 Million Investment to Campus to Further its Mission to Be America’s Small Business Bank
September 7, 2022
Homegrown Wilmington Lender Enters Next Phase of Market Growth
September 7, 2022 (Wilmington, N.C.) – Live Oak Bank, the pioneering small-business lender founded in Wilmington in 2008, is adding 204 positions to its local workforce over the next five years, North Carolina Governor Roy Cooper announced earlier today. The hiring is part of the bank’s expansion of its lending and technology teams to further support the financial needs of America’s entrepreneurs. The State of North Carolina ... Continue Reading
PORT CITY LOGISTICS WILL INVEST $16 MILLION IN NEW WILMINGTON FACILITY
August 2, 2022
Savannah-Based Third-Party Logistics Leader Will Employ 75 Here
August 2, 2022 (Wilmington, N.C.) – Port City Logistics Inc., a leading East Coast third-party logistics (3PL) provider, will open a $16 million facility near the Port of Wilmington as it grows supply-chain capacity, North Carolina Governor Roy Cooper announced today. The company, based in Savannah, Georgia, will create 75 new jobs here.
“We are delighted to welcome Port City Logistics to New Hanover County, North Carolina,” said Governor ... Continue Reading
CNBC NAMES NORTH CAROLINA AS AMERICA’S TOP STATE FOR BUSINESS IN 2022
July 25, 2022
07/13/2022
CNBC has named North Carolina as America’s Top State for Business in 2022. This morning, Governor Roy Cooper joined CNBC’s Scott Cohn at the Oceanic at the Crystal Pier in Wrightsville Beach for a live broadcast where the winner was revealed.
“North Carolina is the best place in America to do business and the main reason is our people,” Governor Cooper said. “This is a great honor, and we’re going to continue to work with our ... Continue Reading
BUSINESS FACILITIES MAGAZINE NAMES NORTH CAROLINA BEST BUSINESS CLIMATE IN THE NATION
07/15/2022
North Carolina has been named the Best Business Climate in the nation by Business Facilities magazine, with Virginia, Utah, Texas and Tennessee in second through fifth place. The magazine’s complete 2022 Annual Rankings Report will be published in a future issue.
North Carolina is no stranger to Business Facilities’ rankings, which are in its 18th year. In 2021, the state ranked second, having risen from fifth place the year before. The magazine attributes the state’s success ... Continue Reading
EDGEWATER VENTURES AND MCKINLEY BUILDING CORPORATION ANNOUNCE THE DEVELOPMENT OF BUILDING TWO AT WILMINGTON TRADE CENTER
July 21, 2022
WILMINGTON, N.C. (July 21, 2022) – Edgewater Ventures, in partnership with McKinley Building Corporation, announces the development of their second building at Wilmington Trade Center, following the recent completion of the 157,610 square foot Building 1. Construction is underway on Building 2, a virtually identical 157,610 square foot state-of-the-art facility that will feature tilt-up concrete construction with extensive glass lines, 32’ clear height, an ESFR sprinkler system, and a 180’ deep truck court. Building 2 ... Continue Reading
