Page 4 - World Trade Center - 2018

PORT OF WILMINGTON:
THE GATEWAY TO THE EASTERN UNITED STATES
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After years of speculation and anticipation, Gov. John Carney announced in September that the state had reached an agreement with Gulftainer to lease the Port of Wilmington from the State, construct a new container shipping facility on the Delaware River, and significantly expand jobs at the Port over the next decade.
“This agreement continues the centuries-long international maritime history at the very spot where Gov. Peter Minuit’s flagship, the Kalmar Nyckel, landed in 1638 and established the colony of New Sweden, the first permanent European settlement in the Delaware Valley,” said Carla Sydney Stone, president of World Trade Center Delaware.
The company plans to invest as much as $600 million in the Port over the next decade, including approximately $410 million for a new container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corp. in 2016. The agreement is expected to create thousands of new jobs, rippling out through the Delaware economy.
“Our agreement with Gulftainer will firmly establish the Port of Wilmington as a leading international shipping gateway on the Eastern Seaboard for years to come,” Carney said. “For decades, jobs at the Port have helped stabilize Delaware families and the communities where they live. This agreement promises to substantially increase shipping capacity in Wilmington, and
create new, good-paying jobs.”
“We are proud to be making this long-term commitment to the State of Delaware, its community and its economy,” said Badr Jafar, chairman of Gulftainer’s executive board. “We are confident that this public-private partnership will propel the Port of Wilmington towards becoming the principal gateway of the Eastern Seaboard.”
As the Delaware economy shifts toward a more global future, investments are being made in resources and infrastructure in both public and private sectors.
World Trade Center Delaware works to connect member businesses to both those local resources and to a world of contacts, with a network of 320 World Trade Centers around the globe, representing 90 countries with the strength of 15,000 employees. World Trade Center Delaware is ideally positioned to provide its members with the information they need to take advantage of opportunities as Delaware truly becomes the Eastern gateway to the United States.
Ripple Effect: Boxwood Road Redevelopment
By the time you read this, Harvey Hanna will have started demolition work in its project to transform the former General Motors plant on
4 | WORLD TRADE CENTER 2018 | WTCDE.COM
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