News and Announcements
Brunswick Co. returns to Wilmington Metropolitan Statistical Area
July 25, 2023
By WECT Staff
Published: Jul. 25, 2023
WILMINGTON, N.C. (WECT) - Brunswick County is back in the Wilmington Metropolitan Statistical Area (MSA), according to the new MSA list released last Friday by the Office of Management and Budget.
After the 2010 census, Brunswick County was removed from the Wilmington MSA and place in the Myrtle Beach-Conway-North Myrtle Beach MSA.
Since that decision, Sen. Richard Burr has made several attempts to have Brunswick County added back in the Wilmington MSA.
“All ... Continue Reading
With a world-class workforce and a booming economy, North Carolina repeats as America’s Top State for Business in 2023
July 12, 2023
At a time when companies are clamoring for workers while trying to navigate a treacherous economy, no state is meeting their needs more effectively than North Carolina. The Tar Heel State is America’s Top State for Business in CNBC’s annual competitiveness study.
It is the second consecutive year at the top for North Carolina — a rare feat in the CNBC study, which launched in 2007. Business and the economy in the state have been on ... Continue Reading
Raleigh-Cary rises to No. 3 on ‘Best Performing Cities’ report; Wilmington is 7th
May 24, 2023
MILKEN INSTITUTE
Downtown Raleigh. (Photo Courtesy of GoodFreePhotos)
by WRAL TechWire — May 16, 2023
RESEARCH TRIANGLE PARK – The Raleigh-Cary metro area ranks No. 3 – just behind its rival Austin, Tx. – and Wilmington comes in at No. 7 in the widely followed Milken Institute’s annual Best Performing Cities report.
The Raleigh metro vaulted from 16th a year ago.
One reason for Raleigh’s rise: A 12.4% improvement in the tech sector as measured by Milken. It’s up 33.6% over the past five years.
Durham-Chapel Hill ... Continue Reading
Wilmington International Airport Ranks #1 in North Carolina and #3 in U.S. for Growth
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
