Holly Springs Business Park

Holly Springs Business Park
About the Holly Springs Business Park

Located in the world-renowned Research Triangle region, the Holly Springs Business Park offers prospective businesses as many as 66 acres of shovel ready land.

Adjacent to N.C. 55, this prime property is within three miles of Triangle Expressway for direct access to Raleigh-Durham International Airport and the Research Triangle Park. Both are less than 30 minutes away.

Business Park Brochure


Site Information

Wake County Shovel Ready Site*

Size: 66.08 acres (non-contiguous)
Zoning: Planned Unit Development (PUD)
 Designated as Foreign Trade Zone
Cost: $80,000 per acre range
Airport: 22 miles to Raleigh-Durham International

Utilities

Gas: PSNC Energy
Telecom: CenturyLink, Time Warner Cable
Electricity: Progress Energy provides 230kV transmission line / 23kV distribution system
Sewer and Water: Town of Holly Springs

Shovel Ready Sites

Wake County Shovel Ready Sites have been through a series of rigorous tests and include the following documentation:
  • Business/industrial use zoning designation
  • Phase 1 environmental audits
  • Geotechnical studies
  • Topographical analysis and maps 
  • Aerial photography
  • Availability of public utilities
  • Water system extension engineering design
  • Sewer system extension engineering design
  • Industrial quality infrastructure
  • Engineered site development plans
  • Detailed analysis of development costs
  • Complete information on pricing
  • Boundary survey
  • Wetlands delineation map
  • Archeological findings
  • Rare/endangered plant and/or animal report
  • 100-year flood evaluations

About Foreign Trade Zones

Holly Springs Business Park was granted a Foreign Trade Zone Status on December 30, 2003.

A foreign-trade zone is a designated site licensed by the Foreign-Trade Zones (FTZ) Board at which special customs procedures may be used. These procedures allow domestic activity involving foreign items to take place prior to formal customs entry. Duty-free treatment is accorded items that are re-exported and duty payment is deferred on items sold in the U.S. market, thus offsetting customs advantages available to overseas producers.

If your company is engaged in manufacturing and/or global trade, locating in a Foreign Trade Zone can improve your cash flow and save you money through:
  • Deferred Duties: You pay no customs duty or excise taxes while your merchandise is kept in the FTZ, and there is no time limit on how long it can stay.
  • Duty Exemptions on Re-Exports: You pay no customs duty or excise taxes on your product if it is exported from the U.S.
  • Inverted Tariff Relief: The lower duty applies when you bring foreign merchandise into our FTZs and manufacture a product with a lower duty rate.
  • Domestic Content Exemption: Duties apply only to foreign content of your product manufactured in the FTZ.
  • Local Ad Valorem Tax Relief: Foreign merchandise stored in the FTZ is exempt from state and local ad valorem taxes.
  • No Duty on Defective or Rejected Components

To get more information about the Foreign Trade Zone #93 please visit: http://www.tjcog.org/foreign-trade-zone-93.aspx