North Carolina Economic Development Guide

2013

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rupted fow of electricity. Abundant water supplies and secure surroundings also keep it competitive. Royal DSM operates another plant in Greenville that employs about 350 people to manufacture high-performance fbers and sheet materials. DSM Dyneema relies on supplies of polyethylene from its European parent via trucks from The Port of Virginia in Norfolk. The Greenville plant���s buoyant, lightweight product is shipped to manufacturers across North America that use it to make mooring lines, bullet-resistant fabrics, specialty surgical sutures and even high-performance athletic apparel. ���We have continually been building over the last 10 years and have made a signifcant investment in this area,��� says Randy McGowan, vice president of manufacturing and site director. The plant is the company���s largest, and it has ample room to grow on its 650-acre site. Affordable real estate is among the advantages North Carolina offers foreign companies, especially those with large operations or a desire for adjacent space on which to expand. ���One thing foreign investors are now doing is looking for opportunities, given what our economy has been through in the last fve years,��� says Michael Walden, distinguished professor of agricultural and resource economics at N.C. State University in Raleigh. ���Property values have been bid down signifcantly, and foreign investors have sensed that.��� As the real-estate market shows signs that it is rebounding, now might be an ideal time for globally minded companies with large property needs to invest in the state, including agribusiness, retail and entertainment projects. Affordable ramp-up and operating costs are a beneft to any business���s bottom line. But the state���s reasonable cost of living helps globally competitive companies ���One thing foreign investors are now doing is looking for opportunities, given what our economy has been through in the last fve years.���

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