North Carolina Economic Development Guide

2013

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which is within a few miles of Interstate 40 and a short drive to Interstate 77, to handle tractor-trailer traf���c. Charlotte-based Duke Energy Corp. installed a new electrical system at no cost because the operation will use more power than the antiquated system used for tobacco processing. ���I always tell people economic development is a team sport,��� Bralley says. The 32 warehouses will store lumber, components and ���nished furniture. ���This facility was immaculately kept, totally modern and well-maintained,��� Wanek says. ���From a distribution standpoint, this ���ts in well with our other facilities. And there���s a good supplier network here. That was also an important factor.��� In the ���rst phase of development, 418,000 square feet will be once owned by Winston-Salem-based R.J. Reynolds Tobacco Co., which had donated the property to the county in exchange for a tax break. County of���cials offered Ashley a tax break worth $930,000 over ���ve years if it creates 550 jobs and invests $80 million within that time and waived $240,000 of fees for building inspections and water and sewer. The company bought an adjacent 320-acre site with 1.7 million square feet of warehouse space for $10.4 million from Asheboro businessman Jeff Schwarz. RJR sold the property to him then leased the space back to age and store tobacco for its Whitaker Park cigarette factory in Winston-Salem, which closed in early 2012. The N.C. Department of Transportation repaved access to the site, ���From a distribution standpoint, this ���ts in well with our other facilities. There���s a good supplier network here. That was also an important factor.��� Our name says it all. Top Tar Heel HospiTals top 75 public companies August 2012 Price: $3.95 N o r t h October 2012 Price: $3.95 March 2012 Price: $3.95 N o r t h C a r o l i N a fatal C a r o l i N a A Chinese Burmese, Philip Maung came to America seeking his fortune. he made one in Charlotte with Japanese fast food. flaw The lies behind Black Diamond Capital Solutions, the biggest fnancial scam in state history a TasTe of success Democrat Walter Dalton and Republican Pat McCrory grapple to get the governor���s job. www.businessnc.com www.businessnc.com www.businessnc.com will charlotte win big with the convention? tattoo parlors have some skin in the game HOW THE CHARLOTTE BOBCATS PLAN TO MAKE MORE SCRATCH Also in this issue Where big business stands on gay marriage The only statewide business magazine. Subscribe today: www.businessnc.com/subscribe ALSO AVAILABLE NOW Digital Edition for iPad Buy single issues or subscribe. Download today, available in the App Store. iPad is a registered trademark of Apple Inc.

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