Global Food Properties was pleased to attend the South Carolina Office of Agribusiness Development’s annual meeting in Charleston, South Carolina. Hosted by Jack Shuler, Director, and Clint Leach, Assistant Commissioner, the weekend Summit brings together leading brokers, site consultants, and agribusiness professionals with active food and agribusiness projects within the State. The busy weekend runs concurrently with the Charleston Food & Wine Festival, a destination for “foodies,” chefs, and culinary artists worldwide.
The Agribusiness Summit’s purpose is to network and develop cohesive strategies for growing South Carolina’s $42 billion food and agribusiness sector, to include everything from expanding local farming and forestry, to attracting the further processing and manufacturing of local crops and commodities.
Co-sponsoring meetings and receptions were partners at law firms Nexsen Pruitt; K&L Gates; Parker Poe; and Haynesworth Sinkler Boyd; and executives from the South Carolina Department of Commerce, the South Carolina Ports Authority, the South Carolina Regional Development Alliance, the Northeast Strategic Alliance, the South Carolina Power Team, and the Commissioner of Agriculture, Hugh Weathers. Topics of active discussion included South Carolina’s many appealing tax credits and development incentives, port and utility advantages, and the role of speculative food buildings in attracting new industry. Indeed, speculative construction of facilities geared towards food manufacturing are of increasing appeal, as food manufacturers fear inheriting pathogens potentially extant in existing second-generation food plants.
Global Food Properties is grateful to Summit’s hosts and sponsors. We are firm believers in South Carolina’s rare inventory of advantages for food production and distribution users. Towards this end, and to-date, Global Food Properties has executed five (5) transactions totaling over 750,000 SF, to include clients Heinz, Highland Baking, Ace Baking, and Amy’s Kitchen, to name a few.