State lawmakers meet with Chinese investors to discuss business partnerships in Cape Fear
RALEIGH, NC (NEWS RELEASE) — State Representative Susi Hamilton joined a team of seventeen General Assembly and other NC leaders to meet with Chinese investors focused on building businesses in the Wilmington and southeastern North Carolina area. The meeting took place on November 13 in Shenzhen, China.
“The opportunity for our community to source new investment by building partnerships with Chinese investors is especially good right now. As the U.S. market continues to slow, these investors are intent on directing investment capital into our state. I believe that new capital should come to Wilmington.”
Representative Hamilton was part of a delegation of business, government and education officials sponsored by the Center for International Understanding at the University of North Carolina at Chapel Hill, who traveled to Beijing, Shanghai and Shenzhen to look at ways to increase economic and educational ties between North Carolina and China. Joining her for the 12-day program were fellow state representatives Ken Goodman (D-Richmond County), Bill McGee (R-Forsythe), and Sarah Stevens (R-Surry), Senate Majority Leader Harry Brown (R-Onslow), and Senators Pete Brunstetter (R-Forsythe), Eric Mansfield (D-Cumberland), Bill Rabon (R-Brunswick) and Michael Walters (D-Robeson).
The Sino investors were pulled together by USA InvestCo, a Wilmington based private equity, wealth management and real estate firm. Charles Schoniger, CEO of USA InvestCo, stated that “the opportunity to introduce my investor clients to North Carolina leadership was a home run for the states relationship building efforts. “ He added that “Representative Hamilton and the rest of the North Carolina delegation truly put North Carolina’s best foot forward by illustrating that our state is a great business environment”.
As North Carolinas unemployment rate climbs, companies such as USA InvestoCo are looking for non-traditional fund acquisition avenues. The group of investors and North Carolina Assembly members spent over 3 hours discussing the growth strategies and opportunities in North Carolina. “Our group was very fortunate to meet with these [Chinese] investors and we will follow up for Wilmington and southeastern North Carolina”, said Hamilton.
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