The Elizabeth City Aviation Research & Development Commerce Park (Airpark) is a shovel-ready aviation related industrial park that consists of 118 total acres. The Airpark is situated adjacent to the Elizabeth City Regional Airport and is connected to the airport runway system by a 2,400 foot class "b" taxiway. The park was developed in 2 phases with phase 1 to the west consisting of 64 acres. Phase 2 is the eastern most portion and consists of 54 acres. While there are no tenants on the Airpark land as of yet, there are two aviation related businesses at the adjacent airport, DynCorp International and Telephonics. DynCorp International has a contract with the U.S. Coast Guard to perform maintenance on the HC-130 Airplanes. Telephonics is a designer and manufacturer of communications and radar equipment for the aerospace industry. About the Airport: The Elizabeth City Regional Airport is a joint civil-military airport that is co-owned by the U.S. Coast Guard, the City of Elizabeth City, and Pasquotank County. The airport consists of 850 acres with two runways present. * Runway 10/28 is 7,217 feet in length and 150 feet wide. * Runway 1/19 is 4,518 feet in length and 150 feet wide. The U.S. Coast Guard operates HC-130J Hercules and MH-60T Jayhawk aircrafts out of the Elizabeth City Regional Airport. The airport is also adjacent to the 2nd largest U.S. Coast Guard base in the world, Coast Guard Air Station Elizabeth City. Elizabeth City-Pasquotank County (EC-PC) has many strategic advantages that our regional competitors lack. Consider the following: • Best State for Business – North Carolina has been named Forbes Magazine’s “Best State For Business” two years in a row for 2017 and 2018. Forbes is one of many publications that has recognized North Carolina’s friendly business environment in recent years. • Port of Virginia (POV) – The largest deep-water port on the east coast is only a 30-mile drive via an already 4-laned future interstate highway (I-87/US 17). • Foreign Trade Zone 20 (FTZ-20) - The Port of Virginia’s FTZ-20 was extended into Northeastern North Carolina in November 2016. Companies located within this are eligible for incentives for importing and exporting goods out of the Port. • Low Union Activity – North Carolina is a right-to-work state with the lowest union rate in the nation at 4%. • Low Corporate Tax Rate – North Carolina has the lowest Corporate Tax Rate in the Nation at 2.5%. Virginia has one of the Nation’s highest rates at 6%. • Low Property Tax Rates – Our property tax rates are about 10% lower than other Southeastern Virginia communities. • Lower Cost of Industrial Land – Industrial land prices are approximately $30-40K per acre as compared to $150-200K prices just 30 miles north in Virginia. • Low Cost of Living – Elizabeth City-Pasquotank County offers a 25% lower cost of living than both urban and rural South Eastern Virginia communities including Norfolk, Virginia Beach, Chesapeake, Isle of Wight, and Suffolk. • Higher Incentives – If you choose Elizabeth City-Pasquotank County to locate or expand your business, you will have access to higher incentives due to our State of N.C. “Tier 1 Status”. • Mature Workforce – Large local military installations like the US Coast Guard and US Navy provide a pipeline of talent from military personnel separating from service and transitioning to civilian jobs. • Local Educational Resources – Customized training, job placement, and internship opportunities help support the local and regional industries. Our community is home to the College of the Albemarle (COA), Elizabeth City State University (ECSU), Mid-Atlantic Christian University (MACU). Other regional institutions include Tidewater Community College, Martin Community College, Roanoke Community College, Pitt Community College, Old Dominion University (ODU), and East Carolina University (ECU). • Aviation Assets – Elizabeth City has a joint civil-military regional airport supporting the US Coast Guard’s maintenance and operations of the HC-130j and MH-60T Jaycraft Aircraft. Adjacent to the Airport is the Elizabeth City Aviation Science Industrial Park with shovel-ready land for prospective aerospace businesses. • A River City – The beautiful, winding Pasquotank River runs right through the heart of the City’s downtown district providing many sightseeing, kayak, canoeing, sailing, and fishing excursions. • Downtown Has it All – Whether it’s work, live, or play, Elizabeth City’s downtown has it all. The historic buildings and breathtaking waterfront provide a great atmosphere. New apartments, Bed & breakfasts, chef-inspired restaurants, breweries, and art stores have sprung up in recent years providing a great quality of life for residents and visitors.