June 2012

Falcon Containers Opens 10,000 SF Facility in Norfolk, VA

East Coast Expansion Will Help Serve Growing Military Segment and Commercial & Industrial Customers

AUSTIN, TX – June 5, 2012, Falcon Containers, a  provider of repurposed shipping containers announced the opening of a 10,000-square-foot facility in Norfolk, VA. Falcon chose the location as a strategic spot for expanding its operations and providing prefabrication of repurposed shipping containers.  This expansion marks the second facility expansion in less than two years.  Falcon Containers opened its new headquarter facilities in April 2011, which included an expansion to a 51-acre site.

modified containerThe Norfolk, VA location will include a surrounding 1-acre parcel for product display. The production facility will house the modification of shipping containers as well as the shipping of sales inventory of modified and standard shipping containers. Sales to the entire US are available and this East Coast facility will expedite delivery timeframes and reduce delivery costs to the customer.

“This expansion is in response to a recent contract with the US Military and will allow us to better serve the East Coast commercial and industrial market as well,” said Stephen Shang, CEO, Falcon Containers. “Delivery costs for our East Coast customers will be reduced with the addition of this facility.”

Located at 3501 Westminster Avenue in Norfolk, the Falcon Containers facility will include production office and space as well as inventory storage.  “We are excited to become part of the Norfolk business community while continuing to serve our clients,” said Mr. Shang.  Falcon Containers has completed military training facility production projects for the US Department of Defense and served the commercial and residential markets since their founding in 2003.

 

Central Texas Economy on the Move

texasThe Texas economy continues strong through the second quarter with continued rise in job creation, low unemployment rates and steady growth in both commercial and residential construction.

What exactly is keeping the economy booming?  A few interesting statistics put Texas as a leader including job recovery and low unemployment rates. On a year-to-date basis, both single-family and multifamily construction spending were up from the same period last year, 8.4% and 8.1%, respectively.

While nearly every state remains in a job-creation limbo, one large state- Texas – is experiencing job vitality. In late March, Texas officials announced the crossing of an important threshold for the Lone Star state. The Texas economy had recovered every job lost during the worst parts of the recession in late 2008 and 2009.

With the deregulation of its electricity market a decade ago, companies have invested $41 billion in generation and transmission capacity.  This essentially has assisted the energy availability to keep in line with the state’s growth.

Texas maintains an essentially open land use policy allowing for the housing supply and demand to essentially escape the boom and busts of other coast communities.

These factors and others help place the Texas economy at the 14th largest in the world. With 357,400 jobs added since June 2009 it places Texas 2nd in the state that has produced the most jobs.

Sources: Texas Public Policy Foundation, thedailycaller.com, statesman.com