Greater Fayetteville Business Journal - May 28, 2021 Issue

Page 1

Museums

Local tourism steadies uncertain economy Page 18

May 28 - June 10, 2021 Vol. 1, No. 1

$2.00

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WEB EXCLUSIVE Hotel Tax

Fayetteville’s tourism industry banks on hotel tax bizfayetteville.com

Technology booster

Region’s health care sector sees rapid advance in technology Page 32

Retail sales

Appliance stores waiting for inventory Page 31

ILLUSTRATION BY BRIANNE WRIGHT

Index Economic Indicators .............................. 3 Residential Real Estate ........................10 Achievers .............................................12 The List ................................................13 Military Business .................................16 Profile ..................................................21 Health Care..........................................32

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UNBOXING AMAZON’S ARRIVAL

“WE’RE COMMITTED AS A COMPANY TO THE MARKET – WE LIKE THE MARKET, IT’S A STABLE MARKET. THEY HAVE A LOT OF COMMERCE GOING ON THERE.” ­— J. David Allen PRINCIPAL, REALTYLINK

BY MONICA KREBER

M

ore than two years before Amazon announced it’s coming to Fayetteville, the project began with a modest name — Project Move. Robert Van Geons, president and CEO of the Fayetteville Cumberland County Economic Development Corporation, first heard about the opportunity in early 2019. “At the time, we didn’t know who it was,” Van Geons said. “Most of our projects start with a code name.” In early May, Project Move put Fayetteville on the map of locations selected by Amazon to expand its ever-growing distribution system.

Amazon’s delivery station at 1005 Dunn Road, which is currently owned by the Soffe family, will result in a $10 million investment in the region and more than 200 full-time and part-time jobs with Amazon and related logistics and delivery firms, Van Geons said. Landing Amazon is a lesson in what the region can accomplish when it has available properties, moves quickly and knows how it’s being viewed outside the area. “Fayetteville is a dynamic market,” said J. David Allen, a principal with RealtyLink in Raleigh who helped broker the deal. “I think the jobs that Amazon will bring to the See AMAZON, page 6


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