Builders of a new global distribution center at Triangle North Franklin are on track for a July completion date, while roadway improvements are planned for that park and for Triangle North Vance and wastewater improvements are under way in Warren County that will enhance service for tenants who locate in Triangle North Warren.
Meanwhile, an April marketing trip to the northeastern United States and Canada yielded four promising manufacturing prospects for Triangle North’s four business parks from companies that expect to expand or relocate facilities to a U.S. location.
“We’re excited to see movement at our parks and optimistic that as the economy allows companies to expand or move facilities, we’ll be well positioned to attract them to one of our parks,” said Don Lancaster, chairman of the Kerr-Tar Regional Economic Development Corp., which owns and develops Triangle North business parks.
U.S. Growers Direct, Louisburg plans to be ready to begin receiving and distributing agricultural products from its new Triangle North Franklin facility this summer.
Initially, the company plans to distribute 42 million pounds of flue-cured tobacco each year from growers in North Carolina, South Carolina and Virginia to customers globally. It will create 10-15 full-time and about 40 seasonal jobs. Eventually, the company expects to expand distribution to other products produced by farmers across the Southeast.
The company chose Triangle North Franklin because of the park’s strategic location near major East Coast transportation routes, proximity to growers of high-quality tobacco, skilled workforce and a business-friendly community that responded quickly to move the project forward
The Triangle North marketing team in April called on 11 manufacturing companies in the Toronto area and northern New York to introduce them to the benefits Triangle North parks offer growing businesses and encourage them to choose one of them if they are considering relocating or expanding to a southeastern U.S. location.
Ronnie Goswick, director of the Franklin County Economic Development Commission, and Bo Carson of the Research Triangle Regional Partnership, visited the companies to learn more about their plans. All of the companies requested more information on Triangle North and most indicated they are considering opening new southeastern U.S. facilities.
Triangle North’s four parks offer the highest level of state financial incentives (Tier 1) available to businesses in the state, providing a low-cost point of entry for companies ready to locate or expand in the Research Triangle Region of North Carolina, home to The Research Triangle Park.
The parks offer a mix of locations and sizes to meet the needs of businesses of all types — from R&D to manufacturing to logistics and distribution — at any stage of development.
Companies who locate in the parks gain access to the Research Triangle Region’s:
- World-leading life sciences and technology clusters.
- Research-and-development support from major universities and federal and private labs.
- Strong manufacturing environment.
- Qualified, motivated workforce with a wide range of education and skills.
- Customized workforce training through a top-ranked community college system.
- Enviable quality of life.