zalo wrote:
This coming from the TBJ:
FFF Enterprises, a Temecula, Calif.-based supplier of flu vaccines and other products, is considering locating a distribution center and pharmacy at the Triad Business Park in Kernersville, a move that could create 31 full-time jobs over three years. The business park is located in Guilford County. According to a public hearing notice, the Guilford County Board of Commissioners will hold a public hearing Sept. 19 to consider providing up to $89,250 worth of county funds to support the $7 million project.
The company's consideration of the Triad for the project has been widely referred to in the local economic development community as “Project Gift.”
FFF bills itself as the nation's leading suppler of critical-care biopharmaceuticals, plasma products and vaccines. The company is led by chief executive officer Patrick M. Schmidt.
Other tenants at the Triad Business Park include FedEx Ground (NYSE: FDX), which operates a massive distribution hub that opened about two years ago and is planning to expand another 83,000 square feet.
Here's a further update concerning this prospect. Glad to hear that Union Cross at least was in the running. The fact that Samet is an owner of the Triad Bus. Park probably gives them somewhat of a cost advantage since they own the land, whereas Landmark & Shelco would be buying the land at U.C. Bus. Park. And having the FedEx Ground Hub across the street was probably iced the deal...Apparently the pending recruitment of vaccine-maker FFF Enterprises to the Triad is a 'gift' that's been a while coming. We're told that the company, known locally under the code name 'Project Gift", is evaluating plans for a building of nearly 100,000 square feet that would be built in Samet Corp.'s Triad Business Park in Kernersville. it is unclear at this point whether the company would own the property or lease it. Samet Corp. declined to comment on the project, but sources say that the company has been contemplating sites for this expansion for a couple of years. The Kernersville facility likely serve the eastern half of the U.S. The company is also said to have considered Union Cross Business Park in Forsyth County before settling on Triad Business Park. Among the other contractors that were invited to vie for the project were Shelco and Landmark Builders. If incentives are approved and the project moves forward, construction could begin immediately and would likely take as little as eight months, based on typical build-out schedules for projects of that size.
While Guilford County is evaluating $89,250 of incentives, Kernersville is not expected to consider incentives, as the municipality has typically said that it has aided in recruiting industry through the extension of infrastructure such as water and sewer to the park.