North Carolina

Aurobindo Pharma USA to Establish New R&D and Manufacturing Center in Durham, NC

Aurobindo Pharma USA, Inc. has officially announced the selection of Durham, NC as the location for their new R&D and manufacturing center.

Aurobindo USA

Aurobindo USA (photo – aurobindousa.com)

Supported by incentives under the North Carolina Job Development Investment Grant (JDIG) program, and additional Durham economic development incentives, the company is investing over $31.7 million in a new state-of-the-art national headquarters for specialty pharmaceutical R&D.

The company expects to create 275 new R&D and pharma-manufacturing jobs in Durham. The company currently employs 14 scientists and workers in Raleigh. Their expanded operations will create a $17.1 million annual payroll impact for Durham and surrounding counties.

Dayton, NJ-based Aurobindo Pharma USA is a unit of Aurobindo Pharma Limited, headquartered in Hyderabad, India. The publicly-held parent company (BSE: AUROPHARMA) is recognized as one of the top 10 pharmaceutical companies (brand or generic) in terms of total prescriptions dispensed. Last year, Forbes Asia named Aurobindo Pharma to its “Fabulous 50” list. The company employs a worldwide workforce of 15,500.

Governor Pat McCrory said in a statement that “Our state is eager to partner with this global company as it embarks on its business objectives and grows its presence in North Carolina’s life sciences community.”

Dr. Ninad Deshpanday, President, R&D, Aurobindo Pharma USA, Inc., added that “We are very excited about our plans for expansion of our specialty pharma R&D and manufacturing in North Carolina, and are thankful to EDPNC, Durham City, Durham County and the State of North Carolina for supporting our decision.”

Apart from the Research Triangle site in Durham, the company also considered locating this new facility on land it owns at its headquarters in New Jersey.

In order to secure the project, North Carolina has awarded the company incentives under the JDIG program. Under the terms of the company’s JDIG, Aurobindo Pharma USA is eligible to receive up to $3.8 million in total reimbursements that will paid as 13 annual installments. Aurobindo Pharma USA’s North Carolina expansion could provide as much as $1.2 million in new funds for the state’s Utility Account to help finance economic infrastructure in less populated Tier 1 and Tier 2 counties.

Durham County and the City of Durham are additionally providing local incentives per job created, in addition to job training funding and support and usage of the NCWorks Career Center system for recruitment.

Apart from the City and County, NC Commerce, and the Economic Development Partnership of North Carolina (EDPNC), other partners who helped secure the project include the Greater Durham Chamber of Commerce and NC Biotechnology Center.

Greensboro, NC Economic Development Incentives Secure NFI Distribution and Logistics Center

Fully integrated supply chain solutions provider NFI is scheduled to open a new facility in the former Kmart distribution center in Greensboro, NC over the next several weeks.

NFI Greensboro, NC

NFI Greensboro, NC (photo – greensboro-nc.gov)

The company, supported by a $102,549 Greensboro economic development incentive grant, is investing $4.05 million to establish their new distribution and logistics center in the existing 1.6 million square feet of warehouse space, and expects to create around 80 jobs at this facility over the next two years.

These will be jobs with an average annual salary of $42,199. NFI’s client will operate the direct distribution operation using only about half the available space, so the company has room to grow into the remaining space in the building.

Cherry Hill, NJ-based NFI is a privately held and family owned business founded in 1932 that now generates more than $1.2 billion in annual revenue and employs more than 8,000 associates. NFI owns and operates 27.5 million square feet of warehouse and distribution space around the world. Its company-owned fleet consists of over 2,300 tractors and 8,800 trailers, operated by more than 2,600 company drivers and 250 owner operators.

Michael Landsburg, NFI vice president of real estate, said in a statement that they started this project knowing they needed a location in the Triad. “This location in Greensboro also gives us access to major highways, which is essential for our business. We look forward to a longstanding relationship with the community and state,” said Landsburg.

Greensboro Mayor Nancy Vaughan said that “On behalf of the City of Greensboro, I want to thank NFI for believing in our community and east Greensboro.” Mayor Vaughan also noted that “Filling such a large vacant warehouse takes a team effort, and we want NFI to know we are committed to their ongoing success.”

Apart from Greensboro, the company also considered alternative sites in the Charlotte region and in Gaffney, SC.

Back in December, the Greensboro City Council approved a $102,549 economic development incentive grant for NFI to move into the former Kmart space. This is a performance-based incentive that will be paid out over six years after the full investment has been made and ad valorem taxes paid.

Derek Ellington, chair of Greensboro Partnership Economic Development and Triad Market President of Bank of America, said in the release that this latest announcement continues the momentum in establishing Greensboro/High Point and Guilford County as a top destination for new jobs and deal flow.

Ellington thanked their partners who helped secure this project for the region, including NC Commerce and the Economic Development Partnership of North Carolina (EDPNC), City of Greensboro, Guilford County, and High Point Economic Development Corporation. Not to mention support from the Guilford County Workforce Development Board, Duke Energy and Piedmont Natural Gas, and Guilford Technical Community College.

Paypal Withdraws Charlotte Expansion Plan Over HB2 Bill

Paypal today issued a statement announcing that it was withdrawing recently announced plans to open a new global operations center in Charlotte and employ over 400 people in skilled jobs.

Charlotte

Charlotte (photo -WashuOtaku/flickr)

The company cited the passage and signing of new North Carolina legislation (House Bill 2, the Public Facilities Privacy and Security Act), as the reason for dropping its Charlotte expansion plan.

The bill’s opponents claim that HB2, better known as the Bathroom Bill, eliminates existing municipal non-discrimination protections for LGBT people and prevents such protections from being passed by cities in the future.

Dan Schulman, President and CEO, PayPal, said in the statement that “The new law perpetuates discrimination and it violates the values and principles that are at the core of PayPal’s mission and culture.  As a result, PayPal will not move forward with our planned expansion into Charlotte.”

Schulman added that “But we do regret that we will not have the opportunity to be a part of the Charlotte community and to count as colleagues the skilled and talented people of the region… While we will seek an alternative location for our operations center, we remain committed to working with the LGBT community in North Carolina to overturn this discriminatory legislation, alongside all those who are committed to equality.”

While many companies and corporate leaders had urged the North Carolina Legislature and Governor to drop HB2, the timeline of the recent and prestigious project announcement by Paypal and their quick withdrawal is especially hard hitting and impactful on North Carolina.

Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III and the Economic Development Partnership of North Carolina (EDPNC) announced the 400-job PayPal, Inc. global operations center in Charlotte on March 18. The company had proposed an investment of over $3.6 million in Mecklenburg County by the end of 2017, and the center will yield a payroll impact of nearly $20.4 million per year for Mecklenburg and surrounding counties.

Two days before that on Mar 16, Braeburn Pharmaceuticals, Inc. had announced plans to invest $19.9 million in Durham County, NC and create 52 new jobs.

On Mar 23, House Bill 2 was passed by the NC House and Senate, and signed into law the same day by Gov. McCrory.

Braeburn Pharmaceuticals has announced that the company is “reevaluating our options” and now Paypal has announced that their decision to withdraw plans for the Charlotte expansion is a “clear and unambiguous one.”

Paypal to Locate Global Operations Center in Environmental Way Building in Charlotte, NC

PayPal, Inc. has announced plans to open a global operations center in Charlotte, NC. This will be Paypal’s eleventh operations center, and the company is investing $3.6 million to establish the new center in the Environmental Way Building in the University Research Park in Charlotte.

Environmental Way, Charlotte, NC

Photo – environmentalway.com

Supported by a North Carolina economic development grant and assistance from the Charlotte Chamber of Commerce, the company will create 400 jobs for Charlotte and Mecklenburg County.

The positions being created include customer service, risk operations, engineering and technology and other staff that will add nearly $20.4 million in new annual payroll per year.

John McCabe, Senior Vice President of Global Operations at PayPal, said in a statement that “With its strong ties to the financial community and technology savvy talent pool, Charlotte is an ideal fit for this new operations center.”

Governor Pat McCrory likewise said that North Carolina is the ideal destination for innovation-based, worldwide companies like PayPal, and noted that this announcement means that “we can add another prominent name to the state’s growing list of technology businesses with major operations here.”

The Environmental Way Building at 1000 Louis Rose Place was built by David and Vickie Pennington-Bowles as a complete retrofit of a 70,000-square-foot building that was over 30 years old. The new LEED certified energy efficient design of the building has won a Sustainable Building Award from the NC Chapter of the US Green Building Council, and been ranked among the top five greenest and most environmentally friendly buildings in Charlotte.

The building’s green design is also contributing to Charlotte economic development. TIAA-CREF has signed a 10-year-lease for the entire first floor of the Environmental Way Building. Paypal is sub-leasing 35,000 square feet of space in the building’s second floor from Red Ventures, which is also in the midst of an expansion of its operations in Charlotte that was announced late last year. Red Ventures’ expansion, also supported by state incentives, is creating 500 new jobs.

Both TIAA-CREF and Red Ventures were attracted to lease space in this building at least in part due to its green design and energy efficiency upgrades.

Paypal has been approved to receive a Job Development Investment Grant (JDIG) to encourage and support its operations in Charlotte. PayPal, Inc. will receive 12 annual JDIG payments tied to incremental job creation requirements. The company is eligible to receive up to $2,797,500 in total reimbursements over the 12-year life of the award. Another $932,000 from the company’s JDIG award could be added to state’s Utility Fund to encourage economic development in Tier 1 and Tier 2 counties.

NC Commerce and the Economic Development Partnership of North Carolina (EDPNC) worked on this project in partnership with the Greater Charlotte Chamber of Commerce, Mecklenburg County, the City of Charlotte, NCWorks, and the North Carolina Community College System.

Braeburn Pharmaceuticals Selects Durham, NC For New Research Triangle Facility

Braeburn Pharmaceuticals, Inc. has announced the selection of a Research Triangle site in the Keystone Technology Park in Durham County, NC as the location for their new manufacturing and research facility.

Braeburn

Photo – braeburnpharmaceuticals.com

Supported by a state grant from the One North Carolina Fund and matching Durham economic development incentives, the company will invest $19.9 million to build a 35,000-square-foot facility.

The project is expected to create 52 new jobs over the next five year for bio-manufacturing workers as well as research and development specialists. Compensation will vary by position, but the average annual salary of the facility’s workers will be $75,769. By comparison, Durham County’s prevailing overall average annual wage is $66,913.

Governor Pat McCrory said in a release that “This company and the pioneering work it plans to do here will make a difference in the lives of patients and families around the world while also adding value to the economy and community of the Research Triangle.”

Princeton, NJ-based Braeburn Pharmaceuticals was founded in 2012 and is an Apple Tree Partners company. Braeburn focuses on novel, long-acting implantable and injectable (pill-free) therapies for serious neurological and psychiatric disorders, including addiction, pain, and schizophrenia. The company’s most recent innovation is Probuphine, a six-month buprenorphine implant for the treatment of opioid dependence that is now awaiting an imminent FDA approval.

Craig Brown, vice president of Commercialization and Manufacturing, Braeburn, said in a statement that “We are looking forward to bringing jobs and becoming part of the business community in Durham, where together, we can change the lives of the patients we serve.”

The new facility’s location in the Keystone Technology Park, which is comprised of single-story, Class A buildings accommodating office, flex, and lab users under management by Longfellow Real Estate Partners. The location is ideal for biotech and life sciences projects, giving the company easy access to I-540, Highways 54 and 55, I-40, the Raleigh/Durham International Airport, and the various businesses located in the Research Triangle Park.

NC Commerce and the Economic Development Partnership of North Carolina (EDPNC) worked with Durham County and the Greater Durham Chamber of Commerce to secure this project for the region. Other key partners in the project include the North Carolina Biotechnology Center, the North Carolina Community College System, and Longfellow Real Estate Partners.

A performance-based grant of up to $100,000 from the One North Carolina Fund helped Durham County close the deal with Braeburn Pharmaceuticals. The One NC Fund is a North Carolina economic development program that provides financial assistance in support of local governments working to attract job creation and investment projects. All grants under this program require a local match, and the companies themselves receive no money upfront. They must also meet job creation and capital investment targets to qualify for grant funds.

Cleveland County, NC Secures Economic Development Projects With $110M Investment and 230 Jobs

Cleveland County, NC has secured economic development projects by two different Chinese-owned companies that are creating a combined 230 new jobs and will bring more than $110 million in foreign direct investment to North Carolina.

Cleveland County, NC

Cleveland County, NC (photo – WashuOtaku/flickr)

One project is the selection of Cleveland County, NC by Uniquetex, LLC, Inc. The company manufactures nonwoven fabrics for use by medical and healthcare providers, as well as other industries.

This is a joint venture between Foshan Nanhai Beautiful Nonwoven Co., Ltd. and Wenzhou Chaolong Textile Machinery Co., Ltd. The former is one of China’s largest nonwoven textile businesses, and the latter is a Zhejiang, China-based developer of equipment and technologies for nonwoven textile manufacturing.

Uniquetex is investing $31.6 million to build its first production facility in the United States in the Town of Grover, NC. The company expects to create 150 jobs at this facility over the next five years with an average annual salary of $36,313, which is slightly higher than the average wage of $35,885 in Cleveland County.

Benny Deng, company CEO and President, said in a statement that “The combination of a skilled workforce, access for quality transportation infrastructure and the pro-business attitude of the community is what attracted us here.”

In order to secure the project, North Carolina offered the company an $800,000 performance-based grant from the One North Carolina Fund. EDPNC and NC Commerce worked with Cleveland County, the Cleveland County Economic Development Partnership, and several others to support Uniquetex’s location plans.

The second project is an expansion by German manufacturer of automotive components KSM Castings USA. The company, which is a 100 percent subsidiary of Chinese firm CITIC Dicastal Co. Ltd., is investing $80 million for the expansion, and expects to create 80 new jobs at this facility over the next five years.

This is a new plant that opened less than two years ago with a $55 million investment. The company now plans to add a new 50,000-square-foot building on the site, to be occupied with Counter Pressure Casting (CPC) machines. Including this expansion, KSM Shelby will have made investments of $135 million and will employ a total of 269 employees at its Shelby site.

KSM operates a total of eight production plants in Germany, the Czech Republic, USA and China, with a total of approximately 3,300 employees. Last year, the group generated revenue of approximately $520 million.

Franz Friedrich Butz, CEO of the KSM Castings Group, said in a statement that “With the expansion of this site we will continue with our strategy to be on site, offer different production processes for our Customers and supply the local markets.”

This project was also made possible in part by a performance-based grant of up to $320,000 from the One North Carolina Fund, and supported by Cleveland County, the City of Shelby, and the Cleveland County Economic Development Partnership.

North Carolina Awards $16M Film and Entertainment Grants For Three Productions

Three film and television productions that are set to begin production in North Carolina within the next 60 days have been awarded up to over $16 million in funds from the North Carolina Film and Entertainment Grant program.

NC Film grants

Photo – filmnc.com

One is an independent feature film with the title “Three Billboards Outside Ebbing, Missouri.” Another is a three-hour filmed musical event “Dirty Dancing,” while the third one is a new television event series called “Shots Fired.”

The North Carolina economic development impact of these three projects combined includes expected direct in-state spending of more than $64.5 million, along with creation of approximately 7,600 job opportunities in the state.

Three Billboards Outside Ebbing, Missouri – This feature film is about a small town mother who confronts the local police department seeking answers about the death of her teenage daughter. Produced by UK’s Blueprint Pictures in conjunction with Film4 and Fox Searchlight Pictures, it will be based out of the state’s western region with filming taking place in Jackson and Buncombe counties, among other locations. This project is eligible for an NC Film and Entertainment Grant of up to $3,106,772.

Dirty Dancing – This is an adaption of the beloved 1987 hit romantic drama and instant movie classic, which was also shot in part in North Carolina. Produced by Lionsgate Television in association with Allison Shearmur Production, the TV event stars Academy Award-nominated actress Abigail Breslin and Emmy Award-winning actress Debra Messing and singer, dancer, and actor Colt Prattes. This project is eligible for a state grant of up to $4 million.

Shots Fired – This is a new television series that examines the dangerous aftermath of racially charged shootings in a small town. This series from 20th Century Fox Television and Imagine Television will star Sanaa Lathan and be based out of Charlotte. It is eligible for a grant amount of up to $9 million.

The NC Film and Entertainment Grant provides financial assistance to attract productions that will stimulate economic activity and create jobs in the state. Companies receive no money up front and must meet direct in-state spending requirements to qualify for grant funds.

Guy Gaster, director of the North Carolina Film Office that is housed within the Economic Development Partnership of North Carolina (EDPNC), said in a statement that “In addition to job opportunities for many of our state’s highly-skilled film professionals, these projects will also help stimulate economic activity in the communities in which they film.”

Gaster added that North Carolina continues to be a choice location for a variety of projects, and noted that the latest recipients, who will join previously awarded productions in the Wilmington and Research Triangle areas, show that this industry is indeed statewide.

Henderson County, NC Economic Development Incentives Secure GF Linamar Project

Ontario, Canada-based Linamar Corporation (TSX:LNR) and Switzerland-based GF Automotive, a division of Georg Fischer AG (SIX:FI-N), have announced the selection of Henderson County, NC as the site for GF Linamar LLC’s new jointly-owned aluminum die casting plant.

Henderson County, NC

Henderson County, NC (photo – Todd McDougal/wikimedia)

The two companies have created the new joint entity named GF Linamar LLC to provide large light metal high-pressure die castings for powertrain, driveline, and structural components to the NAFTA automotive market.

Supported by state and Henderson economic development incentives, GF Linamar LLC will invest $217 million in a new facility in the Town of Mills River in two phases over the next seven years. The site in question is located in Ferncliff Park, strategically located on the I-26 corridor in Western North Carolina’s employment center.

GF Linamar expects to create 350 jobs in Henderson County during the coming five years. These will be jobs with an average annual wage of $47,738, well above the current Henderson County average of $34,256. The new jobs being created will generate $16.7 million in new annual payroll.

Linda Hasenfratz, CEO of Linamar, said in a statement that “This will be our fourth plant in North Carolina, an area where we have thrived thanks to a fantastic workforce and a great business environment.”

Linamar opened its first NC manufacturing plant in Buncombe County in 2012, and announced a $115 million expansion there after just two years. Linamar also operates a forging facility in Wilson, NC.

Yves Serra, CEO of GF, added that “We appreciate very much the warm welcome and the support from the state of North Carolina and the Henderson County authorities.”

Governor Pat McCrory praised the collaboration among numerous economic development organizations, partners and allies that led to North Carolina’s selection for the project. “Landing global manufacturers takes a team effort. It’s not an individual competition,” said Gov. McCrory.

The NC Commerce Dept. and the Economic Development Partnership of North Carolina (EDPNC) worked on this project with Henderson County, the Henderson County Partnership for Economic Development, Town of Mills River, Duke Energy, and Golden Leaf Foundation, among others.

The project was secured with a package of state and local incentives that include an NC Job Development Investment Grant (JDIG) of up to $4.2 million that will be paid in annual installments over 12 years as the company meets its incremental job creation and investment targets. As per state law, the JDIG award could provide as much as $1.4 million in additional funds for the state’s Utility Account to help finance economic infrastructure in less populated counties.

State support for the GF Linamar project also includes a performance-based grant of up to $500,000 from the One North Carolina fund, which provides financial assistance through local governments to attract business projects that will stimulate economic activity and create new jobs in the state.

Henderson County is likewise providing nearly $6.95 million in tax incentives for the GF Linamar project. Adam Shealy, Chair of the Henderson County Partnership for Economic Development Board of Directors, said in a statement that “GF Linamar’s decision to locate in Henderson County further reinforces the fact that leading global companies view Henderson County as a desirable employment destination.”

Tommy Thompson, chairman of the Henderson County Board of Commissioners, added that “The investment, wages and the potential to support and partner with our existing industries is incredibly exciting for our community and for the continued strength of our local economy.”

Linamar has more than 19,500 employees in 48 manufacturing locations, 5 R&D centers and 15 sales offices in 14 countries in North and South America, Europe and Asia. Georg Fischer is present in 31 countries with 126 companies, 47 of them production facilities, and has a total workforce of approximately 14,100 employees.

Durham Considers Economic Development Incentives to Attract NJ-Based Pharmaceutical Company

At its next meeting, the City Council of Durham, NC will consider a resolution authorizing an economic development incentive agreement with a pharmaceutical company that is planning a new manufacturing facility and R&D center.

Durham, NC Econdev Project Restorative

Photo – durhamnc.gov

Supported by state, Durham County and City of Durham economic development incentives, the New Jersey-based pharmaceutical company, identified only as “Project Restorative,” is considering investing $31.7 million.

As per the summary described in a memo from City Manager Thomas J. Bonfield to the Durham City Council, the company in question started operations in 1988 and became public in 1992. It is described as a “Market leader in semi-synthetic penicillin and has a presence in therapeutic segments such as neurosciences, cardiovascular, anti-retrovirals, anti-diabetics, gastroenterology, cephalosporins and others.’

The company, whose U.S. headquarters is located in New Jersey, is recognized as one of the top 10 pharmaceutical companies (brand or generic) in terms of total prescriptions dispensed, and its portfolio includes more than 125 product families and 450 individual product packages. FDA approvals received last year have allowed the company to manufacture products that are slated to help treat various conditions such as schizophrenia, bipolar disorder, ulcers and hyperlipidemia.

This description and the language used in the memo matches that used on the website of Aurobindo Pharma, a company headquartered in HITEC City, Hyderabad, India, which manufactures generic pharmaceuticals and active pharmaceutical ingredients.

The company now has plans to create new service lines and will grow the R&D business to develop new inhalation and dermatological products, and the new manufacturing facility in question would then create these products.

Apart from the option of renovating an existing facility in Durham, Project Restorative is also considering building a new facility on land it owns at its headquarters in New Jersey.

If the company decides to locate this facility in Durham, it would create an anticipated 200 new jobs over the next three years. These will be jobs with an average wage of $54,175 and full benefits. The project would generate $395,000 in new tax revenues after five years and an additional $310,000 after another five years, adding up into a total of over $700,000 after ten years.

The package of Durham economic development incentives being considered in order to secure this project includes up to $1,000 per eligible job created, up to a total of $200,000. Additional City of Durham assistance may include the offer of “On the Job Training” funding and support and usage of the NCWorks Career Center system for recruitment.

Durham County is considering a similar $200,000 incentive offer for Project Restorative. The State of North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC) are proposing state incentives for the project in the form of a Job Development Investment Grant (JDIG) award that is in the process of being finalized.

CSX Intermodal Terminal Will be a Catalyst For Johnston County Economic Development

CSX has announced plans to develop a major freight rail infrastructure project in Johnston County, NC that is expected to spur economic development in eastern North Carolina and position it as a major transportation logistics hub.

CSX Intermodal Terminal CCX

CSX Intermodal Terminal CCX (photo – csx.com)

The proposed intermodal rail terminal, named the Carolina Connector (CCX), will create distinct competitive advantages for North Carolina businesses and ports while serving the metro Raleigh area. CCX will link the North Carolina State Port at Wilmington with businesses from the Piedmont to the coast, transporting shipping containers over the nationwide rail network.

CSX has constructed similar terminals in North Baltimore, OH and Chambersburg, PA. These terminals have served as a catalyst for local economic development as businesses including warehouses and distribution centers have chosen to locate new facilities in those communities.

CCX will also be equipped with cutting-edge sustainable technology and environmentally-friendly equipment to reduce noise, light and emissions from the facility. Louis Renjel, CSX vice president, strategic infrastructure initiatives, said in a release that “CSX has committed to working closely with Johnston County officials and community members to build an environmentally responsible terminal that benefits the local economy and surrounding area.”

Total estimated project costs for CCX are $272 million, out of which CSX has committed to investing $150 million. The Upper Coastal Plain Regional Planning Organization has submitted the project for another $100 million from NCDOT through North Carolina’s Strategic Transportation Investments (STI) law, which helps fund new infrastructure.

Governor Pat McCrory said in a release that “The CCX will maximize both public and private investments for economic development and job creation, precisely what was envisioned when I worked with the General Assembly to develop the STI law and scoring process.”

The project will create an estimated 250 to 300 short-term construction jobs during the terminal’s construction. Over time, up to 1,500 long-term jobs will be created statewide as a result of this development. All told, the terminal is forecast to produce more than $329 million in public benefits for the state over 30 years.

Chris Johnson, director of Johnston County Economic Development, said that “Johnston County is committed to working with CSX and the local community to ensure all parties benefit from this project and that the unique character and spirit of our county and community are protected and enhanced.”

Rep. David Rouzer, who represents North Carolina’s 7th District and is a member of the U.S. House of Representatives Transportation and Infrastructure Committee, issued a statement noting that “The proposed intermodal terminal will help attract new capital investment, including manufacturing, distribution and industrial businesses to the area, increase the state’s competitive edge in commerce, and increase business for our ports. This project lays the foundation for significant job growth long-term.”

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