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Wilmington Economic Development

Rufus

By Rufus
in Wilmington

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Rufus
Rufus

My new NC base (for family, not work lol) is now Wilmington, which has long been a city of interest to me. So, I thought I would start a business section for Wilmington, since it is slowly gaining a t

KJHburg
KJHburg

Wilmington which I get to once a year is booming so it will be good to have someone on the ground there.  And there is a lot more business than tourism there the port, PPD, the fintech, manufacturing

KJHburg
KJHburg

New legal tech company from Brooklyn opening up office in downtown Wilmington with 50 employees.   http://www.wilmingtonbiz.com/technology/2021/07/20/litify_looks_to_downtown_wilmington_for_new_o

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KJHburg Ecumenopolis

KJHburg

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Big expansion of very high paying jobs at Hitachi 500 new jobs averaging over $100k a year

https://www.wilmingtonbiz.com/technology/2022/10/21/ge_hitachi_plans_to_add_500_jobs_at_growing_castle_hayne_campus/23791

""A jolt of jobs and investment is coming to GE Hitachi Nuclear Energy campus in Castle Hayne.

The company plans to expand its operation at 3901 Castle Hayne Road by about 500 jobs in the next five years, according to an announcement Friday afternoon. The jobs have an average salary of $131,000.

Additionally, officials ceremonially broke ground Friday on a new $200 million fuel facility at the site.

The new employees, said Jay Wileman, GEH president and CEO, will support the future of advanced nuclear growth, including the commercial deployment of the BWRX-300 small modular reactor.

“These new, high-paying jobs will position us to lead the nuclear energy industry into the future, help customers meet climate goals and have significant impact on the region’s economy,” said Wileman, who also noted that GEH has hired more than 250 people just this year.

Global Nuclear Fuel-Americas (GNF-A), a GE-led joint venture, and TerraPower, a Bill Gates-founded nuclear innovation company, also announced an agreement to build the Natrium Fuel Facility at the Castle Hayne plant.""

 

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KJHburg Ecumenopolis

KJHburg

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This is a big deal the New Hanover County has attracted 4 major projects most expansions with 1000 plus new jobs at higher than county averages.

""The incentives offered by the county and city to scale the project are one of four deals approved earlier in the winter.

Announced in September, Live Oak Bank, a.k.a Project Buckeye, will invest $25 million to build a fourth building on its Tiburon Drive campus to accommodate at least 204 new jobs in the cloud-based banking industry. Locally, New Hanover County is chipping in $300,000 and the City of Wilmington approved $200,000 over five years.

Savannah, Georgia’s Port City Logistics — known as “Project Speed” — will invest $16 million to construct a high velocity transload facility in Wilmington. The county approved paying $67,500 over five years, with the city signing off on $45,000 over five years.

Freight brokerage firm MegaCorp Logistics (Project Transit) will increase its workforce by 300 jobs, projected to have an $18.9 million impact. The city approved paying $40,000 annually, while the county will dole out $60,000 a year over five years. 

All four projects are expected to bring 1,000 jobs total, $110 million in payroll and over $125 million in capital investments to the county. Funds are not paid upfront, but are received when the companies follow through with their commitment of job creation and prove to the state employment commission it has established the positions."""

https://portcitydaily.com/local-news/2022/10/23/a-big-damn-announcement-ge-hitachi-to-expand-staff-by-500-add-joint-venture-fuel-plant/

all of this mentioned above is in addition to the GE Hitachi 500 new jobs mentioned in the post above.  

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KJHburg Ecumenopolis

KJHburg

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here is the summary of the 4 announced big job announcements for Wilmington from  Wilmington Biz.     This has been just a fantastic year for the region. 

Company Codename State incentives Local incentives Min. jobs Avg. salary Capital investment Timeframe
MegaCorp Logistics  Transit  N/A  $500K  300  $62K  N/A  5 yrs.
GE Hitachi  Clear  N/A  $1.5M  485  $131K  $85.2M  5 yrs.
Live Oak Bank  Buckeye  $1.5M  $500K  204  $113K  $25M  12 yrs.
Port City Logistics  Speed  $225K  $112.5K  75  $64K  $16M  5 yrs.
   TOTAL:  $1.7M  $2.6M  1,064  $92.5K  $126.2M

 

https://www.wilmingtonbiz.com/government/2022/10/27/incentives_roundup_more_than_1000_jobs_pledged_among_4_expansion_projects/23805

Edited by KJHburg
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KJHburg Ecumenopolis

KJHburg

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Netflix's hit series "Outer Banks" set in NC's OBX but filmed repeatedly in Charleston SC is now going to film more in Wilmington (at least they are getting closer)

https://portcitydaily.com/arts-and-culture/2023/06/09/netflixs-season-4-of-outer-banks-to-film-this-summer-in-greater-wilmington-area/

I say Wilmington should be the full time host and they admit how hard it is to film on the beaches in the Charleston area. 

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KJHburg Ecumenopolis

KJHburg

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This is in Whiteville but is really big.  Tech firm to hire 90 plus  people in downtown Whiteville the county seat of Columbus County.   These are great jobs for a rural county.  

IT services company to add 92 jobs in Columbus County - Business North Carolina (businessnc.com)

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