Archive: The Global TransPark

  • Global TransPark expanding, but overall investment still lags badly

    A $55.7 million expansion by the N.C. Global TransPark’s anchor tenant would bring that company’s total investment to less than half of what then-Gov. Mike Easley promised in 2008. Wichita, Kansas-based Spirit AeroSystems is the world’s largest independent supplier of commercial airplane assemblies and components, and it’s one of just…

  • Could another strategic plan boost the TransPark?

    A quarter-century after its launch, the Global TransPark continues searching for a strategic plan that works. The General Assembly in June ordered the North Carolina Global TransPark Authority to develop another strategic plan for its underperforming industrial park and deliver the plan to a transportation oversight committee by…

  • Iffy Investments, Excessive Spending Drain Escheat Fund

    RALEIGH — Investments by the Escheat Fund initiated by former state Treasurer Richard Moore have gone sour, and as legislators continue to raid the principal of the fund for scholarships, current Treasurer Janet Cowell has warned that the fund could go broke by 2012 unless the General Assembly turns down…

  • TransPark Still Broke With No Way to Retire Debt

    RALEIGH — Even though the Global TransPark has landed an “anchor tenant” in Spirit AeroSystems, a Wichita, Kan.-based company that is set to start manufacturing large aircraft components later this year, government incentives to Spirit mean taxpayers will subsidize employment at GTP to the tune of $200,000 per job.

  • Easley Announces New Jobs – Again

    RALEIGH — Workhorse Aviation Manufacturing will open a manufacturing plant at the Global TransPark near Kinston, Gov. Mike Easley said Wednesday. The company will create 50 jobs over the next three years and invest more than $2 million in a deal made possible in part because of $100,000 from the…

  • Senate Panel Pulls Incentives Bill

    RALEIGH — A bill that would expand funding and the number of projects that can be subsidized for economic development was tabled in a Senate Finance Committee meeting Tuesday. Both Democrat and Republican senators doubted the worth of the Job Development Investment Grant program in a lively debate. Some thought…

  • Status of Boeing Records Disputed

    RALEIGH — Carolina Journal’s attempt to gain access to records on the Boeing-GTP incentives began Dec. 19 with a phone call to the Commerce Department. One reason why the records weren’t released for nearly two months was that officials asserted some of the records constituted trade secrets that were exempt…