R.J. Reynolds Tobacco Company enters agreement to donate Whitaker Park, certain surrounding buildings to local redevelopment group

R.J. Reynolds Tobacco Company enters agreement to donate Whitaker Park, certain surrounding buildings to local redevelopment group

WINSTON-SALEM, N.C. – January 7, 2015R.J. Reynolds Tobacco Company announced today that it has entered into an agreement to donate a significant portion of the Whitaker Park manufacturing plant and certain surrounding properties to a local redevelopment group, WPDA, Inc. (WPDA). WPDA is a nonprofit corporation created by Winston-Salem Business Inc., the Winston-Salem Alliance and Wake Forest University for economic and redevelopment purposes.

 As part of the donation agreement, R.J. Reynolds will donate a laboratory building to WPDA early this year. The Whitaker Park plant and remaining properties within the scope of the donation agreement will be transferred to the group over the next 12 – 24 months, subject to the terms and conditions of the donation agreement.

 “We’re pleased that a local group has stepped forward and committed resources towards repurposing this great and historic plant and its surrounding properties,” said Mark A. Peters, senior vice president and chief financial officer of R.J. Reynolds. “We’re confident these properties will play a key role in the economic development and transformational growth of Winston-Salem and the greater Triad region.”

 The laboratory building donation, which consists of a single 70,000 square-foot building on approximately four acres of land, is being donated first because of its potential for near-term economic development opportunities. The remaining donation will include approximately 120 acres of prime commercial and industrial land, along with buildings totaling approximately 1.7 million square feet.

 “This is an incredible gift by R.J. Reynolds to WPDA,” said Don Flow, WPDA Board chairman. “Whitaker Park has been such a strong presence in our community for decades and I look forward to working with the WPDA Board to repurpose the property to expand the tax base and create new jobs for the citizens of our community.” 

Named in honor of John C. Whitaker, a former chairman of R.J. Reynolds, the Whitaker Park manufacturing plant opened in 1961 and initially covered about 14 acres, including 615,295 square feet of floor space. Designed by R.J. Reynolds’ engineering department and constructed by employees, it was the world’s largest and most modern cigarette plant at the time. 

The Whitaker Park Development Authority will begin work immediately on identifying opportunities for re-use and expansion of the property.  WSBI will play a significant role with the authority.  It is our hope that the complex will be repurposed and will be a catalyst for job creation and tax base growth.

New upscale apartments open in downtown Winston-Salem!

New upscale apartments open in downtown Winston-Salem!

Plant 64, in a former Reynolds tobacco building, had its grand opening yesterday.  This new apartments complex is the site of one of the oldest RJ Reynolds tobacco buildings, dating back to 1916.  Located in downtown Winston-Salem, Plant 64 is just a heartbeat away from the area’s most popular dining and shopping destinations.  Learn more about this exciting new development here.

Small Business Center at Forsyth Tech Assisting Local Entrepreneurs

Small Business Center at Forsyth Tech Assisting Local Entrepreneurs

Starting and operating a small business is hard work. Did you know that there is a local resource that exists with the primary purpose of helping you achieve business success?  Learn more about Forsyth Tech’s Small Business Center’s free services here.

Forsyth, Stokes County Partners prepare to help address North Carolina Skills Gap

Forsyth, Stokes County Partners prepare to help address North Carolina Skills Gap

Workforce development partners from Forsyth and Stokes County are looking for businesses to visit as part of the “1,000 in 100” initiative, a statewide effort to match the needs of local companies with skilled employees.

Learn more about this initiative here.

Food & Beverage Site Certification

Food & Beverage Site Certification

WSBI’s 99 acre site, adjacent to Herbalife’s manufacturing facility, was one of three sites in North Carolina to be selected by Duke Energy to undergo Austin Consulting’s Food & Beverage Manufacturing Certification Program. This program is used to differentiate sites that are optimal for food and beverage companies, thereby abbreviating the vetting process and reducing companies’ perceived risk for choosing one location over another.  WSBI has successfully completed this program for the Winston-Salem Business Site and is now on a short list of distinguished sites around the United States for future food and beverage build-to-suit opportunities.