North Carolina| North Carolina Global Transpark
July 25th, 2008 Categories: Charlotte News and Politics
Kinston North Carolina- Global Transpark Lands First Major Tenant
Normally our posts here deal directly with life in Charlotte, NC or with Charlotte real estate news. Every once and a while however, an event of significance for the state of North Carolina may find its way to the front page. The opening of the North Carolina Global Transpark is one such event and is destined to bring jobs to all parts of North Carolina.
What is the Global Transpark? It is a large (over 2400 acre) public/private partnership that has built a commercial development center outside of Kinston, NC with a focus on the aeronautical industry. The Transpark boasts the largest private jet runway in the state at 11,500 ft and a and a 33,000 sq ft conference room/training center. The Transpark is part of a concerted effort on the part of the state to bring well paying jobs to the eastern North Carolina economy. Legislators have seen the economic success of the Charlotte and Research Triangle Areas and are now turning their eyes east to a part of the state that was, until recently, dominated by tobacco growers.
Governor Mike Easl
ey announced in May that Spirit AeroSystems Inc., the world’s largest independent supplier of commercial airplane assemblies and components, will open a manufacturing plant at the Global Transpark. This represents an investment of approximately $571 million dollars and will add over one thousand jobs to the area. The tenants of the Global Transpark are mostly aeronautical or logistics firms who need access to a runway and large warehouses or hanger space. The Transpark is also located near two deep-water ports, several good highway and the state capital, Raleigh. All these factors have led to high demand for site space by logistics firms.
The Global Transpark has the opportunity to shift the area’s economic focus, increase well-paying jobs in the area, and re-invigorate one of poorest parts of the state of North Carolina. Creating better paying jobs was the goal and the addition of Spirit AeroSystems at the Transpark is a step in the right direction. As for Charlotte and the rest of the state, we expect ancillary investments from the Transpark as companies move to the area to provide “just in time” products and services to this new industry group.
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