Funding

Funding Needed
$100 (Mio)
EB5 Funding
$100 (Mio)
EB-5 Investors
200
Investment Amount
$500,000

Jobs

Category
Transportation and Warehousing
Sub-Category
Refrigerated Warehousing and Storage

Location

State
North Carolina
Location
Wilmington

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Viji Durga

Last Update: July 30, 2016 02:32 AM

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Port of Wilmington: Cold Storage


Developer Name
USA InvestCo

Project Description

USA InvestCo formed a partnership with the State of North Carolina to build the first and only cold storage facility on the Port of Wilmington in North Carolina. Through collaboration with the North Carolina State Port Authority, the Department of Transportation, Department of Agriculture and local government agencies, USA InvestCo is embarking on this industrious project to capitalize on North Carolina’s need for a cold storage facility on the Port.  The official leasing agreement with the State and promotion agenda was publically released February 4, 2013. The State of North Carolina longed for a cold storage facility on the Port of Wilmington for many years due to the convenient location and close proximity to a number of large agriculture producing companies. Constructing the Port of Wilmington Cold Storage Facility will offer convenience, logistical support, expandable storage, will reduce spoilage, expedite delivery time, and allow companies to save a substantial amount on transportation costs. USA InvestCo’s EB-5 project will provide North Carolina the opportunity to be a more competitive player in the global market, and create a potential return on investment


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