Economic Development in South Carolina

[vicupstate]

http://www.postandcourier.com/news/2012/mar/24/sc-rep-boeing-looks-to-expand/

Major expansion by Boeing could be in the works. I hope Limehouse's disclosure doesn't jeopardize it.

[CorgiMatt]

http://www.postandco...ooks-to-expand/

Major expansion by Boeing could be in the works. I hope Limehouse's disclosure doesn't jeopardize it.

When did Boeing in N. Charleston go from a promise of 3,800 jobs to 6,000 current employees? Fact check!

[B&R]

When did Boeing in N. Charleston go from a promise of 3,800 jobs to 6,000 current employees? Fact check!

I was surprised by the 6,000 employee figure too. Great if true, though.

[CorgiMatt]

I was surprised by the 6,000 employee figure too. Great if true, though.

I agree it's great if it's true. But if it's true, the rise in employment there slipped through the media's clutches big time until now. I think a fact check is in order.

[krazeeboi]

Continental Tire the Americas officially began construction of its Sumter County tire manufacturing plant today (March 28), even as heavy equipment leveled the 330-acre site on U.S. 521.

Initial employment estimates for the $500 million plant are about 1,600 jobs.

But Jochen Etzel, CEO of Continental Tire the Americas, said it would be reasonable to expect the plant to employ 2,000 to 3,000 workers when fully mature in perhaps two decades.

http://www.columbiabusinessreport.com/news/43262-continental-tire-chiefs-say-growth-in-s-c-likely

[krazeeboi]

Michelin said today it will hire 500 people and invest $750 million in Anderson and Lexington counties to meet growing demand for the massive tires used on earth-moving equipment. Michelin would not comment on how the jobs or investment will be divided between the locations.

Hiring will begin immediately for both locations. Training will be at the Lexington facilities.

[krazeeboi]

Ross Stores Inc. is planning to bring 600 jobs over five years to York County with a new distribution and warehouse facility. Officials said Wednesday the company planned to build a 1 million square-foot facility to use as a distribution center for retail stores in 30 states.

[CorgiMatt]

Economists from outside the state give an assessment of its economy.

http://www.wltx.com/news/article/188208/2/State-Economy-Strengthens-as-Business-Improves

[krazeeboi]

The On Numbers Economic Index is calculated once a month, based on the latest official statistics for all U.S. metropolitan areas with estimated populations above 500,000. The index is designed to show the relative economic strength of those 102 major metros and is generated by an 18-part formula that assesses private-sector job growth, unemployment, earnings, housing-price appreciation, and construction and retail activity (methodology can be found here). For the SC metros, Charleston ranks 13th, Columbia 54th, and Greenville 75th.

[krazeeboi]

The York County Council pledged its support Monday night for granting tax incentives to a company that promises to create more than 400 jobs (600+ including part-time and seasonal jobs) and $60.1 million in local investments. The company, code named “Project Orange” to protect its identity, is considering building a manufacturing and customer service center in York County at an undisclosed location, according to a resolution approved by the council.

[vicupstate]

Charleston created an economic scorcard which included 6 other cities as peer comparisons. One of which was Greenville.

http://www.crda.org/economicscorecard/CRDA_Economic_Scorecard_2012.pdf

[CorgiMatt]

The 10 banks holding the most in deposits in South Carolina are:

http://columbiabusinessreport.com/news/45402-big-banks-gain-market-share-in-s-c?rss=0

[vicupstate]

Boeing is buying 800 acres next to it's current property at the Charleston International airport.  They are also buying their current campus, rather than leasing it.   

[vicupstate]

Google is investing another 600 million into it's Moncks Corner facility.  150 empolyees currently with no word on how many will be added.

[krazeeboi]

Spirit Pharmaceuticals, a maker of generic pharmaceuticals, today announced that it will locate its new facility in Clarendon County. The more than $12.2 million investment is expected to generate 296 new jobs.

 

The company will establish a new packaging and manufacturing facility in Summerton. The company produces a range of generic pharmaceuticals for retailers such as Walgreens, Dollar Tree and CVS.

 

Good to see the pharmaceutical industry expanding in SC, and in a place like Clarendon County no less--which needs all the jobs it can get.

[Spartan]

I think it's great anytime that the rural parts of this state can get this type of investment.

[krazeeboi]

Miami-based Essex Holdings Inc., a global resources company, recently announced its plans to establish a new facility in Marion County. The $54.4 million investment is expected to generate 215 new jobs. The company will establish a new manufacturing facility, which will support the expansion of the company’s food division. The new facility is expected to be completed and operational by the middle of this year.

[krazeeboi]

Sunny Z Foods Inc., a producer of pre-packaged instant meals, will establish its new production facility in Saluda County. The $12 million investment is expected to generate 150 new jobs.

 

Harbor Freight Tools USA Inc., a rapidly expanding discount tool retailer with over 430 stores nationwide, will greatly expand its existing distribution center in Dillon County. The approximately $75 million investment is expected to generate 200 new jobs.

[vicupstate]

2,000 Jobs from Boeing being added. That includes 1,000 in IT that was mentioned in the Charleston forum a week or so ago.  Leatherman expects ANOTHER 2,000 to follow.

Edited April 9, 2013 by vicupstate

[GvilleSC]

2,000 Jobs from Boeing being added. That includes 1,000 in IT that was mentioned in the Charleston forum a week or so ago.  Leatherman expects ANOTHER 2,000 to follow.

 

That's pretty awesome for Charleston and Boeing's suppliers throughout the state of South Carolina!

[krazeeboi]

"Jack Jones, vice president for Boeing South Carolina, said the company anticipates those 2,000 jobs to be more technical, including IT workers and engineers, though the aerospace giant could hire more manufacturing technicians as well. Jones said the additions could be incremental or may come in chunks, noting Boeing reached its employment goal under the last bond package in three years."

 

http://www.charlestonbusiness.com/news/47322-state-leaders-praise-boeing-co-expansion-incentives-bill

 

IT is REALLY starting to heat up in the Charleston area.

Also, McLaughlin Body Company, a manufacturer of operator protection systems, will locate a new manufacturing facility in Anderson County. The $22 million investment is expected to generate 250 new jobs over the next five years.

[gman430]

Carbures (a Boeing Supplier) to hire 100 workers and invest $4 million in Greenville: http://www.gsabusiness.com/news/47337-carbures-opens-second-facility-in-greenville-county?rss=0

SMF Inc., a full-service metal fabrication company, said Thursday that it will establish its new production facility in Anderson County. The $5.8 million investment is expected to generate 146 new jobs over the next five years: http://www.independentmail.com/news/2013/apr/11/metal-fabrication-company-bring-150-jobs-anderson/

Edited April 11, 2013 by gman430

[vicupstate]

Nissan looking for a new Infiniti plant site.

 

From the Greenville News:

 

Nissan Motor Co. said it is considering a new manufacturing location in North America, and economists said South Carolina should be in the running for the new plant that reportedly will produce at least 100,000 of its premium Infiniti vehicles a year.

Edited April 16, 2013 by Spartan
Please do not paste articles on Urban Planet. Links and sumamries are encouraged.

[vicupstate]

http://www.gsabusiness.com/news/47401-caterpillar-drawing-suppliers-to-region?rss=0

 

Spin off jobs from Caterpillar plant in GA going to Anderson.

[gman430]

A.L. Industries Facility Bringing 80 Jobs To Spartanburg Co.: http://www.wspa.com/story/22052604/new-al-industries-facility-bringing-80-jobs-to-spartanburg-county