North Carolina continues to rank high among the best states in the nation for business climate and corporate tax rates. The state is also recognized as one of the most competitive for new business. Here in Currituck County, that momentum continues with several key projects in development that will help secure our region’s future success.
A new, $1 billion interstate highway will connect Norfolk and Raleigh and open a high-speed, unobstructed route between the Port of Virginia and North Carolina’s Research Triangle.
The road, to be called Interstate 87, could take as long as two decades to complete. This freeway could open the distribution channels in the mid-Atlantic region like never before. I-87 will link the intellectual and healthcare industries of Raleigh (the fourth-fastest growing city in America according to Forbes) to the deepest port on the eastern seaboard, the Port of Virginia in Norfolk, and every business along the interstate stands to gain as a result.
I-87 will strengthen the ability of Currituck businesses to move goods from roads to sea, and vice versa. This highway connects two key centers of commerce in the southeast, literally paving the way for high speed and high volume transport of goods from our region’s businesses to consumers all over the world.
The Currituck Station Mega-Site, is a long-term economic development plan developed for Currituck County to bring residential and commercial opportunities to the county over the next three decades. The Mega-Site consists of over 3,000 acres adjacent to the border with Virginia and located on the western side of North Carolina 168/Caratoke Highway in Moyock, North Carolina. READ MORE
The Mid-Currituck Bridge project would create a second crossing of the sound – north of the Wright Memorial Bridge – to help alleviate congestion and improve the flow of evacuation traffic in the event of a hurricane or severe storm.
It would also provide easier access between the Outer Banks and Virginia, as well as other communities in northeastern North Carolina.
The 7-mile toll project includes a two-lane bridge that spans the Currituck Sound and connects the Currituck County mainland to the Outer Banks. It also includes a second two-lane bridge that spans Maple Swamp on the Currituck County mainland, connecting Aydlett to U.S. 158.
Currituck County is continuing to invest in capital projects that will expand Currituck County Regional Airport’s (KONX) capabilities to help meet increased aviation demand – and pursue economic development opportunities in the Mid-Atlantic defense and aerospace corridor.
In 2016, the Airport completed work on a $2.3 million Southern Parallel Taxiway project, greatly enhancing the safety and operational efficiency of our visiting corporate, business and leisure aircraft. In 2017-18, Currituck Regional Airport will begin planning and design of an additional $3 million in new ramp improvements, tie-down spaces and for-lease hangar buildings east of Runway 23.
In 1975, the federal government established FTZ 20 in Norfolk, centered by the Port of Virginia. The zone service area includes the Viriginia counties of Accomack (partial), Gloucester, Isle of Wight, James City, Mathews, Northampton, Southampton, Sussex, Surry and York; and includes the cities of Chesapeake, Franklin, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach and Williamsburg.
A proposal submitted by the Port Authority in May of 2016 sought to reorganize FTZ 20 and expand it by including eligible areas of the North Carolina counties of Camden, Chowan, Currituck, Gates, Hertford, Pasquotank and Perquimans; and the city of Elizabeth City. The U.S. Department of Commerce granted approval.