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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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Something is not right here with these numbers. You're saying that GSA only netted 100 jobs (because losses washed out gains) from 9/2005 to 9/2006, yet Columbia netted 11,800 and Charleston 7,500. This isn't correct. By area....1. What was the new job creation 2. What was the job loss 3. What was the net result

Whoa....wait a minute. I see. You first talk about 08/06 to 09/06 which puts GSA at 2,800. Then you change to 05 to 06. Instead of a month, a year.

Apples to apples, please spell it out for Charleston, Columbia, GSA. Thanks.

I gave figures from from 8/2006 to 9/2006 to show the one month difference and from 9/2005 to 9/2006 to show the year's difference. What you need to do is visit the website Krazeeboi gave and click around and find the numbers. Click on the link Krazeeboid gave, then click on Economic Data, then click on Current Employment Statistics and look at the list of MSA's. Click on each MSA and a chart will come up for each one. The numbers are there. They give the changes from 8/2006 to 9/2006 and from 9/2005 to 9/2006 for each MSA so that you can see what happened in that one month period as well as for the year ending 9/2006. All I did was copy them down and list them for you. But see for yourself. Job announcements are exciting, but you have to consider layoffs as well.

I wouln't look into monthly numbers by themselves without looking at a larger timeframe. Monthly numbers dont indicate trends.

That's why I gave the numbers for the time period from 9/2005 to 9/2006.

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CorgiMatt Town

CorgiMatt

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The State newspaper reports today that building permits for new housing construction increased last month compared to a year ago in Richland County, Lexington County, Kershaw County, the city of Columbia and the town of Lexington, bucking a national trend of plummeting housing starts. The article said the increase is an indication of a positive outlook and a steady market that is not overbuilt, and of a market that doesn't see the highs and lows of housing markets that have a lot of second homes. Even the Post and Courier reports today that housing in Columbia and the Upstate have remained steady while there has been a significant decline on the coast.

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goodbye Metropolitan Area

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The State newspaper reports today that building permits for new housing construction increased last month compared to a year ago in Richland County, Lexington County, Kershaw County, the city of Columbia and the town of Lexington, bucking a national trend of plummeting housing starts. The article said the increase is an indication of a positive outlook and a steady market that is not overbuilt, and of a market that doesn't see the highs and lows of housing markets that have a lot of second homes. Even the Post and Courier reports today that housing in Columbia and the Upstate have remained steady while there has been a significant decline on the coast.

That is nice to hear. Not too long ago, a report was made that Greenville has been experiencing a 17% increase in new housing over the same time last year. Real Estate has remained very steady here for quite a long while now. Even during the recent national economic recession, Greenville was experiencing a wave of new construction. Glad to hear the Midlands are in the same shape currently. :thumbsup:

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krazeeboi Gigalopolis

krazeeboi

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In Expansion Management's 8th annual top 40 real estate market ranking of U.S. cities, which is designed to assist companies looking for the best assortment of available buildings at the right price for their next facility expansion or relocation, Greenville-Spartanburg ranked 9th after San Antonio and before Memphis. Greenville and Spartanburg were also listed as 4-star logistics metros by Expansion Management as well, and Charleston and Columbia were listed as 5-star logistics metros. The logistics ranking is based on the quality of the transportation infrastructure in those metros. MSAs that ranked in the top 20 percent (out of a total of 362 MSAs) were designated “Five Star Logistics Metros,” while metros that ranked in the 21-to-40 percentile received a “Four Star Logistics Metro” designation.

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CorgiMatt Town

CorgiMatt

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In Expansion Management's 8th annual top 40 real estate market ranking of U.S. cities, which is designed to assist companies looking for the best assortment of available buildings at the right price for their next facility expansion or relocation, Greenville-Spartanburg ranked 9th after San Antonio and before Memphis. Greenville and Spartanburg were also listed as 4-star logistics metros by Expansion Management as well, and Charleston and Columbia were listed as 5-star logistics metros. The logistics ranking is based on the quality of the transportation infrastructure in those metros. MSAs that ranked in the top 20 percent (out of a total of 362 MSAs) were designated
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goodbye Metropolitan Area

goodbye

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I guess the available buildings around GS have come on line from layoffs? The State newspaper this morning has a front-page article about Columbia's new approach to luring businesses. It says being able to say we have this or that amount of available space if you'll locate here is no longer going to cut it in the new economy. We have to get the word out that there is start-up space for new-economy companies and minds coming out of high-tech courses in college to fill positions. A lot of sharp players are involved in the new marketing approach.

Actually, most of the available space is due to companies moving into new buildings as they expand/adapt to changes.

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goodbye Metropolitan Area

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The Greenville Area Development Corporation has released information about a $100 Million expansion of the 3M plant at Donaldson Center Industrial Air Park in Greenville.

Engineering and design of the $100 Million expansion will begin this year and construction is expected to begin in May 2007. Production is scheduled to begin in 2008. 3M produces a variety of films for customers in a number of markets, including the Industrial, Display and Graphics businesses. The expansion is expected to create approximately 50 jobs. Currently, the site employs approximately 435. The SC Department of Commerce supported the GADC in the recruitment effort.
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vicupstate Metropolitan Area

vicupstate

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I blame prior administrations who failed to prepare this state for a shift away from manufacturing, a declining industry for some time now, to a more service-oriented economy.

Our Economic Develoment Agency, the Commerce Department, use to be top-notch, now after numerous budget cuts and a talent-flight, it is a shadow of it's former self. Sanford should have had to answer for that, but he didn't because he had so much money. We need to be spending money on re-training our workers and going after the growth industries, but we are not.

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krazeeboi Gigalopolis

krazeeboi

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We need to be growing our own industries, if you ask me. Look at our neighbors; their most high profile companies are native to the state and their homegrown economic engines have seen much growth over the years. That kind of success requires serious investment in infrastructure, from transportation to education. Our track record in those departments is less-than-stellar.

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GvilleSC Megalopolis

GvilleSC

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We need to be growing our own industries, if you ask me. Look at our neighbors; their most high profile companies are native to the state and their homegrown economic engines have seen much growth over the years. That kind of success requires serious investment in our infrastructure, from transportation to education. Our track record in those departments is less-than-stellar.

I couldn't agree with you more. Well put. :thumbsup:

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