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Answer Man: Biltmore Farms benefit from land sale to Pratt & Whitney?
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Tesla Plaid Jumps on the Dyno, Comes Off Undecided Even With Secret Mode Enabled
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Answer Man: Does Biltmore Park Regal Cinema have a future?
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Amid the throng of 140,000 trade exhibitors and shoppers at the show in the spring of 2019, a team of North Carolina industrial recruiters sought out Pratt & Whitney representatives and had a moment to chat. Word had gotten out that a major net engine maker was looking to site a major new plant, and the economic development team from the Tar Heel state knew that landing the company would be big.
It was more of a ‘fit and feel’ situation, as much art as science,” Chris Chung, president of the Economic Development Partnership of North Carolina and a leader of the recruiting team in Paris, said in an interview. “We seek out potential industries and meet with their executives. We didn’t know then exactly what they wanted.
The plant is seen as the anchor facility in the 1,000-acre Biltmore West industrial park what Cecil called a “lighthouse of innovation” shining the way for more business and more high-paying jobs. “This is the largest industrial economic development project in Western North Carolina that we are aware of,” David Rhoades, communications director of the state Department of Commerce, told the Lightning. “Due to the multiplier effect, our economists have projected that the project will grow to a $7.4 billion economic impact in 12 years.” The Golden Leaf Foundation and community colleges in Hendersonville and Asheville also were partners on the team that landed one of the region’s biggest economic development catches in recent decades. The partnership’s incentives add up to $62 million and include a bridge over the French Broad River. We predict years from now, everyone will recognize the largesse as a wise investment.