North Carolina Economic Development Guide

2012

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reliable power, and we have that in Duke, and the fiber that runs through this part of North Carolina." Again, the transition from old industry to new played a role. During the Cold War, Lynch says, Falls Church, Va.-based General Dynamics Corp. and its predecessors conducted secret defense research in Greensboro in areas such as anti-submarine warfare. "That meant we had a lot of fiber built into and around it in the eastern part of the city, so we're rich with the assets necessary for a data center." On top of that, Duke is able to sweeten a deal. "We have a special economic-development rider that provides for a discount to new businesses coming into town or expanding," Carter says. "That amounts to about 50% off the energy cost for the first year, or it can be taken in 20% annual increments spread over five years as they grow the load." None of which would be important if Duke were unable to deliver what American Express, Wipro, Facebook and the others need — cheap, bulletproof power. "About 50% of the energy we're producing on our system comes from nuclear power," Carter says. "That's a very efficient and cost-effec- tive source of energy." And at 20%-25% below the national average cost, it's cheap. The reliability part of the package is rooted in history. Many locations that once served the state's old industries have what Carter calls dual feeds, similar to those found at big-city hospitals. "Basically, if one substation goes out or is interrupted, the power would be rerouted to get where it's needed. Now, as we start moving down the path of our smart-grid systems, those grids will become more intelligent, and the routing process will become more seamless as we digitize our electrical system." North Carolina's courtship of data centers is probably the most closely guarded of all economic-development secrets. But Millar, Lynch and N.C. Commerce Department officials say that the most Apple, Google and Facebook lend cachet to a region that suffered from a loss of identity when many of its manufacturing jobs moved overseas. PERFECT FOR FOURSOMES, TWELVESOMES OR MORESOMES. If there's a special gathering in your future, perhaps it deserves to be held in a place like no other. Th e Pinehurst, Southern Pines, Aberdeen Area was created for just such moments. Our gracious hotels, cozy inns and intimate cottages are perfect for weddings, reunions and business conferences. Our restaurants invite conversation and friendship over memorable meals. Our quaint villages and unique shops offer diversions and treasures. And then, there are our golf courses. Forty-three world-class courses energize and relax at the same time. Come and enjoy the legendary North Carolina hospitality of the Pinehurst, Southern Pines, Aberdeen Area. BRING EVERYONE TOGETHER AT THE HOME OF AMERICAN GOLF®. Call Beverly Stewart at (800) 346-5362 Ext. 237 or e-mail bstewart@homeofgolf.com for assistance with your group or meeting. Visit www.homeofgolf.com/bnc to plan your wedding, reunion or meeting.

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