Future industrial sites in Edgecombe and Nash counties have made a list of six properties Duke Energy has selected in North Carolina for participation in the company’s 2020 Site Readiness Program.
The purpose of the program is to identify high-potential sites and work with county officials and local economic development professionals to develop a strategy for getting the sites fully ready to market to prospects.
The site in Edgecombe County, which is called the Bulluck Tract South Site, is 76 acres in size and close to the future CSX intermodal facility.
The site also is minutes from Interstate 95 and an hour east of both the Research Triangle Park and the Raleigh-Durham International Airport.
The site also is within a two-hour drive of the ports in Norfolk, Va., and Wilmington. The site can be used for industrial manufacturing and distribution.
The site in Nash County is just off the I-95 interchange with N.C. 97 and is 142 acres in size.
The site is positioned between New York City and Miami, as well as in a foreign trade zone, and offers access to three seaports, the future CSX intermodal facility, the Rocky Mount-Wilson Regional Airport and the RDU airport.
Generally, a foreign trade zone is an area near or at a federal customs service port of entry, in which users such as importers, manufacturers and distributors can receive cost-saving benefits.
The site off I-95 and N.C. 97 can be used for advanced manufacturing and food processing, as well as by logistics companies.
Additionally, Duke Energy said each site is eligible for an application from officials locally for a $10,000 matching grant from the company to help prepare to attract projects.
Duke Energy also said that after each site’s state of readiness has advanced, the company’s business recruitment team strategically markets each of them nationwide to companies looking to expand or relocate their operations.
Duke Energy, which is based in Charlotte, said that since 2005, participating properties in the program have won 23 major projects, which in turn resulted in more than 5,650 new jobs and nearly $6.4 billion in capital investment.