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Economic Development in South Carolina

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krazeeboi
krazeeboi

As we've found out, the downtown Greenville economic development is part of a planned downtown mixed-use project which will house the headquarters of CertusBank, a subsidiary of Charlotte-based Blue R

gman430
gman430

Otis Elevator Company is expected to announce a new manufacturing plant for Florence tomorrow that will create 360 new jobs with average hourly wages of $25. It will be a $40 million investment.

GvilleSC
GvilleSC

No, not where do we need to invest (i.e. education), but at what point do you think South Carolinians could say "we're on par with our neighbors"? Is it jobless rates, GDP, income levels??? To a certa

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CorgiMatt Town

CorgiMatt

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Here's an interesting article about the Census Bureau's latest finding on the nation's migration patterns: people are staying put. South Carolina, however, falls within a category one survey group calls "sticky states." No, they don't mean hot and sticky; they mean a large part of these states' population is native and don't want to leave, while "many" want to join them.

http://en-us.nielsen.com/main/insights/con...economic_impact

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CorgiMatt Town

CorgiMatt

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The attached article, chart and interactive map from USA Today about the impact of the recession on 300 of the nation's MSA's indicates SC's big three should come more into line with each other as far as unemployment rates are concerned before 2010 supposedly will start to bring improvement.

http://www.usatoday.com/money/economy/2009...h-graphic_N.htm

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monsoon Gigalopolis

monsoon

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There is a company in Spartanburg called, Nodal Techniques, that has developed a battery powered riding lawn mower. One of the models can mow close to 4 acres before needing a charge. I have to commend them for choosing to use parts made in the USA. I hope they do well.

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krazeeboi Gigalopolis

krazeeboi

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Sykes Enterprises has announced that they'll bring 900 new jobs to South Carolina located in three different metro areas-

*400 jobs: Greenwood County

*400 jobs: Williamsburg County

*100 jobs: Sumter County

News article can be found here: http://www.thestate.com/breaking/story/782970.html

Three counties that could definitely use the jobs--especially Williamsburg County. That's good news.

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CorgiMatt Town

CorgiMatt

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South Carolina's unemployment rate ticked up only 1/10 of a percentage point from March to April. The number of nonfarm jobs actually rose, and Charleston and Columbia's unemployment rates fell by 3/10 of a percentage point to 8.7 and 8.5 respectively, while Greenville's fell from 9.7 to 9.6. The state's unemployment rate remains third highest. Michigan and Oregon are #'s 1 and 2.

http://www.sces.org/lmi/news/April_2009.pdf

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monsoon Gigalopolis

monsoon

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It's interesting they have decided to stop using seasonally adjusted figures for jobs. The reason they seasonally adjust the numbers because with the increase in seasonal jobs also comes an increase in seasonal residents that are attracted them. For example the summer non-tourist population in Myrtle Beach is substantially higher during the period from Easter to Labor Day. They are supposed to normalize it to take this into account. This was once the standard for reporting unemployment. I suppose it makes things looking better now if they don't.

U3 Unemployment for SC now stands at 11.5%. U6 may be approaching 18% - 20%. This is a truly staggering number.

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CorgiMatt Town

CorgiMatt

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Here are the April '09 compared to April '08, first quarter '09 compared to first quarter '08, year-to-date '09 compared to year-to-date '08, and median price April '09 compared to median price '08 numbers for South Carolina's housing markets just released by the S.C. Association of Realtors.

http://www.screaltors.com/mls/SC_MLS_April09.pdf

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krazeeboi Gigalopolis

krazeeboi

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Milwaukee-based Johnson Controls Inc. announced Tuesday that it will build a new automotive battery recycling facility in Florence County. The new facility is expected to bring an initial capital investment of $100 million and 250 new jobs. The new facility in Florence will be located on a 270-acre site on Paper Mill Road off U.S. 76, near the facilities of other local corporate leaders such as Roche Carolina, DuPont and Smurfit-Stone. The company plans to develop about 36 acres for its facility and parking, leaving the remaining acreage undeveloped. Portions of the site will be permanently protected through a conservation easement.

Johnson Controls is the leading independent provider of hybrid battery systems and also a recognized leader in closed-loop, automotive battery recycling. It is a Fortune 100 diversified, multi-industrial company with 140,000 employees in 1,300 locations across six continents. Johnson Controls already provides more than 1,000 jobs in South Carolina through its existing distribution center in Florence and a manufacturing center in Oconee.

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CorgiMatt Town

CorgiMatt

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Despite the recession, South Carolina's gross domestic product (GDP) rose in 2008 compared to 2007. SC up .6, NC up .1, GA down .6, US up .7. The reason for SC's uptick is companies like Blue Cross and Blue Shield. The article is in The State this morning. It'll be interesting to see how 2009 compares to 2008.

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Spartan Gigalopolis

Spartan

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What do y'all think it will take for South Carolina to attract more high-tech jobs outside of Greenville, Columbia, and Charleston. The rest of the state gets these lousy manufacturing jobs. Yes jobs are great, but higher paying jobs would be much better.

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krazeeboi Gigalopolis

krazeeboi

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Even the major metro areas don't get as many high-tech jobs as they should (look at the weaknesses of the state's major metro areas listed above), much less the smaller metro areas. The only way the smaller metro areas are to have a shot is to raise the research profile of the colleges/universities located there and base job creation off that.

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Captain Worley Burg

Captain Worley

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What do y'all think it will take for South Carolina to attract more high-tech jobs outside of Greenville, Columbia, and Charleston.

A miracle. Generally speaking, there isn't the education level in the rural areas to support the high tech jobs and the people with the education generally don't want to live in the sticks.

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