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Greater Greenville Economic Developments


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Come to GreenvilleOnline.com tomorrow morning for details on a major expansion of General Electric Co.'s local complex.

Steve Bolze, chief executive of GE's Power & Water unit, its largest industrial business, will be on hand for the 11 a.m. announcement, GE said in an advisory to news media this afternoon.

Also attending the jobs announcement will be Gov. Nikki Haley and U.S. Sens. Lindsey Graham and Tim Scott, GE said.

GE, a global conglomerate based in Fairfield, Conn., makes power-producing turbines at its complex on Garlington Road, which is also an engineering center for various of its energy businesses.

The complex employs about 3,200 workers, about half of them engineers.

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We want Stone!!!!

 

 

One South Carolina community has been eliminated from the bid to land Stone Brewing’s multimillion-dollar eastward expansion, but there are no indications that others, like Greenville, aren’t still in the running.

The state Department of Commerce recently notified Myrtle Beach economic development officials that the area had been eliminated from the West Coast brewery’s plans, said Morgan Dendy, director of marketing and public relations for the Myrtle Beach Regional Economic Development Corporation.

“We’re disappointed that they didn’t choose us, but we hope another area in South Carolina is successful,” Dendy told GreenvilleOnline.com.

The fate of Greenville’s bid is less clear.

The Greenville Area Development Corporation has a standing policy not to disclose whom they are having discussions with, said Kevin Landmesser, the organization’s interim president and CEO.

Myrtle Beach had been particularly vocal about its efforts to land the $31 million investment and 400 jobs that Stone has promised earlier this spring in its “request for proposals” for a new production facility and restaurant.

Economic development officials and legislators from the area helped push through the “Stone Law” legislation that made it possible in South Carolina for a brewery to sell food and serve unlimited quantities of beer to customers.

Several other communities — including Greenville, which hasn’t been as vocal — have submitted plans to attract the nation’s 10th-largest brewery.

Stone executives are planning a visit to South Carolina as they scout locations and narrow down finalists, Stone spokeswoman Sabrina LoPiccolo said.

The company hasn’t released a list of finalists nor a time line for visiting the state, she said.

 

I would have thought MB would have been a top choice.  Hopefully, we are still in the thick of it.   

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After hearing about Black Bike Week I can't blame Stone for dropping them. Oh and:

Television station CBS 6 in Richmond, Va., said that Richmond was among the finalists. Fox Channel 8 in Greensboro, N.C., reported on its website that Greensboro was also on the short list.

Channel 8 said in its online report that the list also included Greenville, Cincinnati, and Richmond and Norfolk, Va.

Read more here: http://www.myrtlebeachonline.com/2014/06/10/4281335/stone-brewing-eliminates-myrtle.html?sp=/99/209/&ihp=1#storylink=cpy

Info about GE including rendering: http://upstatebusinessjournal.com/news/ge-breaks-ground-400m-facility-greenville/

Edited by gman430
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I like that we are still in the running for Stone. I would love to see them downtown, although I imagine that there are probably some available buildings along 85 with great visibility. Is anyone in the old Sara Lee plant?

Yep: http://sccommerce.com/news/press-releases/sweet-street-desserts-selects-greenville-new-facility A great company like Stone wouldn't go somewhere like that anyways. They are much more picky about their location and space than that.

Edited by gman430
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  • 4 weeks later...
  • 3 weeks later...

This part of that article shows me that Greenville is not alone:

While Chiquita has brought the jobs it was required to, the company has struggled financially. Earlier this year, Chiquita announced it will merge with an Irish fruit company and move its headquarters to Dublin, though most of the Charlotte jobs will stay.

Chiquita CEO Ed Lonergan, who was brought to Chiquita to help turn the company around, has previous experience with Sealed Air. As CEO of Diversey, he helped engineer that firm’s $4.3 billion acquisition by Sealed Air in 2011.

The Sealed Air move would bump the total of Fortune 500 companies headquartered in the Charlotte area to eight, helping offset a recent decline.

Wells Fargo purchased Wachovia in 2008, Kroger bought one-time Fortune 500 company Harris Teeter in January, and conglomerate SPX fell off the list this summer. Investor Carl Icahn is pressing for a sale of Matthews-based Family Dollar Stores.

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I like the idea of both of these. The one for McBee Ave will be a nice addition, and the Crescent Place apartments will add some additional new life to Haywood Rd. Maybe we will one day see a grocery as a part of a mixed use project for this corridor one day.

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Great to see this: http://www.greenvilleonline.com/story/money/business/2014/07/29/downtown-foodservice-firm-adding-jobs/13310555/

 

 

 

A Greenville company that repairs foodservice equipment for convenience stores, restaurants and coffee shops is expected to add about 20 employees to its downtown headquarters after buying a competitor.

 

Greenville-based Commercial Foodservice Repair said its acquisition of Virginia-based Tech 24 for $14 million in cash gives it more than 330 service technicians in 17 states.

 

The combined company will be based in Greenville, have about $60 million in annual revenue and ultimately go by the name Tech 24, said Kurt Herwald, chief executive.

 

He said its customers include numerous well-known chains such as Barnes & Noble, 7-Eleven, Target, Taco Bell, Starbucks and Panera Bread.

 

The company will add about 20 employees to its headquarters at 410 E. Washington St. as a result of the acquisition for a total head count of about 55, Herwald said.

 

In a separate venture, Herwald said he’s planning to develop condominiums on the downtown property where his company’s headquarters is located, next to The Davenport building, in conjunction with Easley developer Danny Youngblood.

 

Herwald said he and Youngblood plan to raze one of two buildings on the site, formerly used by the Love, Thornton law firm, and build a parking garage to serve the condos and company headquarters.

Edited by gman430
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