Economic Development in South Carolina

[vicupstate]

Housing Boom should continue

This was posted under Columbia but the article has some interesting mentions of the other Metros as well. 

A key metric in assessing overbuilding risk is the jobs-to-construction permit ratio, Conway said. A ratio of less than 5:1 indicates a danger of overbuilding, while a ratio greater than 5:1 indicates a balance of supply and demand.

Conway presented slides showing that Columbia’s ration stands at 5.7:1, not as robust as the 8:1 of Charleston and Greenville but not reason for concern – as long as the retail development that typically follows housing and restaurant construction occurs.

The Southeast is producing more GDP – 21.6% of the U.S. total of $18.1 trillion – than any other region and is also leading the way in job recovery for metropolitan statistical areas post-2009, he said.

Charleston ranks fifth nationally in that category with a 21.8% increase in employment, making it one of just 25 MSAs with an increase greater than 12%. Also among those 25 are Greenville-Anderson-Mauldin (16.2%), Spartanburg (13.8%) and Columbia (13.3%).

 

[krazeeboi]

Mount Franklin Foods, a leading North American manufacturer of high-quality candy and nut products, is launching new operations in Sumter County. The project is expected to bring $10 million in new capital investment and lead to the creation of 225 new jobs.

[krazeeboi]

 Teijin Ltd., a Japanese chemical, pharmaceutical and information technology company, will be constructing a state-of-the-art manufacturing facility in Greenwood County. Creating 220 new jobs, the project is expected to bring $600 million in new capital investment to Greenwood County – the largest initial capital investment by a company in the county’s history.
 

[krazeeboi]

 Thorne Research, Inc., a privately-held nutritional supplement manufacturing company, will be constructing a new manufacturing facility and corporate office complex in Summerville. The $35 million project is expected to create 330 new jobs in Berkeley County.

OneMain Holdings, Inc., a leading consumer finance company, is expanding its existing operations in Fort Mill. The expansion is projected to bring $279,000 in new capital investment and create 175 new jobs.

[krazeeboi]

 Techtronic Industries (TTI), a global leader in the design, manufacturing and marketing of quality consumer, professional and industrial products, is expanding its Power Equipment Group’s operations in Anderson County. The $75 million investment is expected to create 250 new jobs in the Upstate over the next several years. To continue its growth in Anderson County, TTI is building a new 300,000-square-foot Innovation Center. This latest project complements the company’s $85 million expansion project, which was announced last year and completed this year.

 PL Developments, a manufacturer, packager and distributor of pharmaceutical and consumer healthcare products, is launching new Greenville County operations to expand its presence in South Carolina. The new development is projected to bring $45 million in new capital investment and lead to the creation of 450 jobs.

CompuCom Systems, Inc. (CompuCom®), a leading technology infrastructure services company, is locating its new global headquarters operations in Lancaster County. The new development is projected to bring $41 million in new capital investment and lead to the creation of 1,500 new jobs over the next five to seven years, making this the largest single job announcement in Lancaster County history. Located in the Bailes Ridge Business Park on S.C. Highway 160, CompuCom will be leasing a 150,000-square-foot building to serve as its new global headquarters. The newly-constructed building will house corporate offices and global contact center operations.

 

[krazeeboi]

Movement Mortgage, LLC, one of the fastest growing mortgage lenders in the country, is expanding its existing corporate headquarters in Lancaster County. The company is investing $18 million and creating more than 700 new jobs over the next five years.

Response Packaging, a premier returnable packaging manufacturer, is expanding its existing facility in Greenville County. The expansion is projected to bring $5 million of new capital investment and lead to the creation of 100 jobs.

Oxco, Inc., a light manufacturer and supplier of non-woven materials, is launching new operations in York County to accommodate the company’s continued growth. The project is expected to bring approximately $13 million in new capital investment and create more than 130 new jobs.

[vicupstate]

The NCAA is putting NC on notice that if HB2 is not repealed in a matter of days, the state will be frozen out of sports tournaments for six years. Excellent opportunity for SC to reap some benefits.      

Read more here: http://www.charlotteobserver.com/news/politics-government/article131003339.html#storylink=cpy

 

[Spartan]

That should certainly help make up for the 15 years that we missed out on NCAA events due to the confederate flag.

[vicupstate]

Indian Auto Part Plant coming to Dorchester County

Volvo spin-off, 130 jobs.

[krazeeboi]

GE Healthcare is expanding its existing magnet resonance imaging (MRI) components production operations in Florence County. The new $40 million capacity expansion is projected to create 100 new jobs.

[krazeeboi]

Scout Boats, a designer and manufacturer of luxury coastal fishing boats, is expanding its existing Dorchester County operations. The company is adding multiple new boat models to its product catalog, bringing $10.9 million of capital investment and creating 370 new jobs.

NCGS, Inc. (link is external), a clinical research organization (CRO) supporting the pharmaceutical industry, is expanding its Charleston County operations. The company is constructing a new corporate headquarters, which will bring $10 million of new capital investment and create 80 new jobs.

 

[krazeeboi]

LuLaRoe, a national provider of women’s and men’s clothing, is locating a new distribution center in Richland County. The project is expected to bring approximately $35 million of new capital investment and create at least 1,000 new jobs over the next few years.

Caristrap International, a manufacturer of industrial strapping systems, is locating its new corporate headquarters in Greenville County. The project is expected to bring $5.5 million of new capital investment and lead to the creation of 100 new jobs.

[krazeeboi]

Moore’s Food Resources (link is external), a provider of all-natural foods, is locating new operations in Greenville County. The company is projected to bring $15 million of new capital investment and create 182 new jobs.

[krazeeboi]

This will be a HUGE and much-needed shot in the arm for my home county.

A China-based tire manufacturer expects to invest $1 billion and build a new plant in Orangeburg County  that would employ about 1,200 workers.

The Wanli Tire US Plant project would be constructed in two phases over a span of eight years, according to a press release on the website of the tire maker’s parent, Guangzhou Vanlead Group Co.

[krazeeboi]

Samsung, one of the world’s leading technology companies, is opening a new home appliance manufacturing facility in Newberry County. The $380 million facility will produce some of Samsung’s most popular, industry-leading appliances and generate more than 950 new jobs over the next three years.

T-Mobile US, one of the largest wireless service providers in the United States, is moving its existing customer care center in the Charleston area to a new, larger facility in North Charleston. The company is expected to invest more than $16.7 million in the new facility, creating 400 new jobs.

[gman430]

Not sure why nobody posted this huge news: BMW hiring 1,000 workers and investing $600 million at their plant in Spartanburg. 

[Spartan]

Does anyone know the average wage/salary for these manufacturing businesses?

South Carolina seems to be getting tons of manufacturing jobs, which is great, but I'm curious about how these jobs affect quality of life and income levels in the state. Depending on nature of the business it's possible the pay could be decent.

[westsider28]

According to Glassdoor, BMW generally pays between $14 and $29 per hour, for example.  Okay, but not great.

[krazeeboi]

AmbioPharm, Inc. (API), a full-service peptide and biopharmaceutical manufacturing company, is expanding its existing Aiken County operations. The expansion is projected to bring $18 million of new capital investment and lead to the creation of 100 jobs over the next five years.

Roseburg Forest Products, a privately-owned, integrated forest products company based in the Pacific Northwest, is locating a new engineered wood products plant in Chester County. The development is projected to lead to the creation of more than 145 new jobs.

Ruiz Food Products, Inc., a producer of frozen food and snack products, is expanding its existing Florence County operations. The $79 million investment is expected to create 705 new jobs over the next several years.

[krazeeboi]

IFA, a direct supplier of propshafts for passenger cars and light commercial vehicles, is constructing a new manufacturing and distribution facility in Berkeley County. The development represents $69 million of capital investment and is projected to create more than 120 new jobs in the coming years.

Rudolph Logistics Group, an international logistics service provider, is launching a new warehousing operation in Spartanburg County. The Germany-based company is projected to bring more than $18 million of capital investment and create at least 150 new jobs.

[Jet-set]

Would be great if SC could land this:

http://www.postandcourier.com/business/report-south-carolina-among-states-chasing--job-auto-plant/article_a4e5b340-7d34-11e7-91b2-f72a89a1559b.html

 

[krazeeboi]

Trane, a leading global provider of indoor comfort systems and services and a brand of Ingersoll Rand, is expanding its existing Richland County operations. The business is projected to invest $96 million and create 700 new jobs to increase its overall flexibility in line with business growth.

Fiber Industries LLC is preparing to open a new textile production operation in Darlington County. Expected to be operational in early 2018, this development is projected to bring more than $30 million of capital investment and lead to the creation of at least 135 new jobs.

[krazeeboi]

bo parts GmbH, a tier one and tier two supplier to the automotive industry and part of the FRIMO Group, is launching new operations in Greenville County. The new development is projected to bring $4.1 million of capital investment and create 100 new jobs within the next five years.

Sportsman Boats Manufacturing, a Summerville-based provider of premium boats, is expanding its existing Dorchester County operations. To grow its facility, the company is investing $3.5 million and creating 100 new jobs.

[krazeeboi]

Isringhausen, a global leader in the development of seating systems for commercial vehicles, is launching new operations in Charleston County. Located in Ladson, the facility is projected to bring more than 130 new jobs to the area in the coming years.

Charter NEX Films is locating new specialty film manufacturing operations in Richland County. The project is expected to bring $85 million of capital investment and lead to the creation of more than 110 new jobs.

[vicupstate]

Volvo increasing plant size, employment at Berkley County plant

Volvo Cars — which in 2015 announced a $500 million manufacturing campus that will employ 2,000 people just up the road from Jearlina's — said this week it will hire another 1,900 workers for an expansion of the plant that's scheduled to start production next summer.