Print
Maritime

Governor Marks Symbolic Start Of Cold Storage Facility At Port

By Cece Nunn, posted Jun 1, 2015
Gov. Pat McCrory speaks Tuesday afternoon at a groundbreaking ceremony for the cold storage facility at the Port of Wilmington. (Photo by Cece Nunn)
Gov. Pat McCrory and other state and local officials marked the ceremonial start of construction Tuesday on a planned 101,000-square-foot cold storage facility expected to help increase exports at the Port of Wilmington.

"This is a port for the entire region, for the entire state, for the entire Carolinas and for our country," the governor said in a keynote speech Tuesday afternoon, before state and local officials dug into a rectangle of earth on the facility site.

The cold storage building, expected to create at least 100 jobs, will enhance the port’s ability to export poultry, pork and sweet potatoes, and import seafood, fruits and vegetables, officials said.

"It improves the capabilities for us here at the ports, which is going to bring benefits to the state," said state ports CEO Paul Cozza. "As quickly and efficiently as you can use inventory, in any business, is a plus."

In February last year, the N.C. Ports Authority board approved the public-private partnership with the facility’s developer, Chuck Schoninger, and his company, USA InvestCo.

Schoninger said Tuesday that the project was created through the EB-5 immigrant investor program, which enabled his company to raise $15 million for the facility, with $13 million of that amount coming from Chinese investors.

Schoninger said final site plans for the project were submitted to the state Monday. While Tuesday's event marked the ceremonial groundbreaking for the facility, actual construction is expected to begin in about three weeks after state permits are issued, he said. From start to finish, construction on the building will likely take nine months, Schoninger said.

Before the ceremony Tuesday, held on the building site within the port, ports authority board chairman Tom Adams said the Ports of Wilmington and Morehad City together have an economic impact on the state of $14 billion, have created 76,000 jobs and generate $700 million in state tax revenue.

McCrory encouraged attendees Tuesday to support his nearly $3 billion highway and infrastructure bond proposals, which would require approval from the state General Assembly and then voters. The governor cited the state's ability to take advantage of historically low interest rates as one of the reasons the bonds are crucial.

"We need to get this on the ballot," McCrory said. "People understand that you have to invest in the future, especially at a time when we can afford it."
Ico insights

INSIGHTS

SPONSORS' CONTENT
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

The Unstoppable Spirit Of Entrepreneurship

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Carolinemontgomery4

The Coronavirus - Business And Personal Finances

Caroline Montgomery - Adam Shay CPA, PLLC
Lynnwhitecell hwconsulting headshot

Leading Through The COVID-19 Pandemic

Lynn Whitesell - Harris Whitesell Consulting

Trending News

OPENBIZ: March 26 Business Closures, Services, New Hours In Response To Virus

Johanna Cano - Mar 26, 2020

Loans And Aid Available For Small Businesses Impacted By COVID-19

Johanna Cano - Mar 25, 2020

How Will Local Shopping Centers Endure?

Cece Nunn - Mar 25, 2020

Medical Official: Expect To See Local Coronavirus Cases Jump

Vicky Janowski - Mar 25, 2020

Experts Eye Potential Impacts Of Federal Stimulus On Wilmington Area

Jenny Callison - Mar 26, 2020

In The Current Issue

Homes Popular In S. Brunswick Towns

Before drastic measures were introduced in an effort to slow the spread of the highly contagious virus, sales in Brunswick County were thriv...


Cashing In Wellness

Wouldn’t it be nice if, after finally running that 5K you have been preparing for many months, you not only get the reward of accomplishment...


Helping To Manage Change

​“I’m not afraid to step out and try something different. I think that keeps your career interesting,” said Randell Woodruff, the manager of...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`