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Greater Greenville Economic Developments


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Just announced,

Over 300 being layed off at Itron in Oconee County.

It's all John Castile's fault. You win some, you lose some. I'm sure we'll survive. 189 of the workers that are losing their jobs were hired as temporary staff so they knew what was coming and they won't be laid off until August and September: http://www.independentmail.com/news/2012/may/22/itron-to-cut-300-jobs-in-west-union/ And since when is Oconee County a part of Greater Greenville anyways?

Edited by citylife
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In talking with a Bi-Lo exec today, seems corp jobs are starting to trickle their way from Greenville down to Jacksonville. Expect some not so good news when an announcement comes out late summer about a large cluster of job moves / job loss.

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Don't know if it has been posted, but from what I hear, Amy's Organic is 100 percent dead. Amy's is not simply delaying due to building conditions, but they are not coming at all. Goodbye 700 possible jobs.

Sad but not surprising. The whole thing seemed fishy once they announced a delay in production due to building conditions. At least the jobs were never created. It would have been a whole lot worse then.

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Don't know if it has been posted, but from what I hear, Amy's Organic is 100 percent dead. Amy's is not simply delaying due to building conditions, but they are not coming at all. Goodbye 700 possible jobs.

This has been a strange series of events, from the announcement until now. I have to wonder how serious they were from the start. Maybe they ran the numbers and realized they couldn't swing the expansion after all.

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This has been a strange series of events, from the announcement until now. I have to wonder how serious they were from the start. Maybe they ran the numbers and realized they couldn't swing the expansion after all.

From what I hear, they were very serious. They have no manufacturing / distribution network in this area of the country, so it made sense. The part about the building being contaminated.....just didn't buy that. Rumors are out there that the company is snooping around / has been approached by another nearby state. Who knows.....

Edited by gsupstate
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GREENVILLE COUNTY, SC – June 7, 2012 – Genetec Global Technologies Inc., a wholly owned subsidiary of Genetec Technology Berhad of Kuala Lumpur, Malaysia, located in Fountain Inn, today announced plans to further expand its presence in Greenville County by opening a new operation, Genetec Technology Automation, in Simpsonville. The $1.2 million investment is expected to generate 160 new jobs.

Genetec Technology Automation provides fully integrated manufacturing solutions for industries such as the automotive, healthcare and textile sectors. The company will add sales, engineering and assembly capabilities for providing custom automation equipment to customers. The company also plans to outsource much of their manufacturing requirements to local suppliers for machining and fabrication.

Edited by krazeeboi
don't post entire articles, just relevant excerpts
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Cytec Industries Inc. said Wednesday the delayed expansion of its Piedmont manufacturing plant is back on and construction should conclude next year.

Industrial fiber production at the new facility is expected to begin in 2015. Production of fibers for aerospace components will begin in 2016 and will help meet growing demand fueled by the Boeing 787 built in North Charleston, among other aircraft.

The $150 million expansion was expected to create at least 225 jobs, but it’s unclear if those targets remain. Cytec representatives have not returned calls for comment.

Edited by krazeeboi
don't post entire articles, just relevant excerpts
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Encore Container said Wednesday it plans to put its headquarters, manufacturing operations and a recycling plant in Greenville County at 7021 Augusta Road in an 80,000-square-foot facility.

The Greenville Area Development Corp., the county’s economic development arm, said Encore will invest $3.9 million and is expected to generate 89 jobs over the next three years.

Edited by citylife
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Well, this company just got a lot larger:

WASHINGTON and NEW YORK, June 20, 2012 -- ACON Investments and MidOcean Partners announced today that they have merged their respective portfolio companies, Fairway Outdoor Advertising LLC and Olympus Media LLC, to form Fairway Media Group LLC ("Fairway Media"). The combined company has more than 21,300 bulletin and poster displays in 17 states across the Southeast and Midwest and is now the fourth largest traditional outdoor advertising company in the U.S. The company will be headquartered in Greenville, South Carolina in the current headquarters of Fairway. Mark Moyer, the current Chief Executive Officer of Fairway Outdoor, will be the Chief Executive Officer of Fairway Media.

Source: http://www.olympusmediallc.com/news.php

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  • 2 weeks later...

AVX is expanding it's Fountian Inn workforce.

From the Gville News:

AVX Corp. plans to add more than 400 jobs in Fountain Inn.

The capacitor maker was based in Myrtle Beach before moving its headquarters into the former Mita copier toner factory in Greenville County’s two and a half years ago.

Now AVX says the site will also include research and manufacturing and that it will add 279 jobs over the next several years on top of 150 jobs it will transfer from Myrtle Beach, according to a press release from the state Commerce Department.

The company plans to spend $14 million improving the two-building, 130-acre complex. AVX makes capacitors, tiny components used in a wide variety of electronics products, as well as connectors.

Simpsonville-based Kemet Corp. also makes capacitors, and the two are competitors.

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  • 2 weeks later...

The office vacancy rate continues to drop-

The Greenville/Spartanburg Office market ended the second quarter 2012 with a vacancy rate of 9.5%.

The vacancy rate was down over the previous quarter, with net absorption totaling positive 222,057 square feet in the second quarter. Vacant sublease space increased in the quarter, ending the quarter at 42,957 square feet.

Source: http://www.costar.com/News/Article/Market-Trend-Greenville-Spartanburgs-Office-Vacancy-Decreases-to-95/139795

Edited by citylife
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