Jump to content

Economic developments in the Midlands


Recommended Posts

graphic0.jpg

Five cities that will rise in the New Economy

Columbia isn't listed as one of those five cities, but it got good press by ranking high on one of the lists as part of the article. It's no coincidence that half of those "recession-proof" cities are capital cities.

I think Columbia needs to start taking better advantage of the fact that it has a fairly stable economy, especially in times like this when it really starts to show. Start using the three economic pillars of the local economy (state gov't, USC, Ft. Jackson) to build a more diverse economy and attract more industry.

Link to post
Share on other sites

  • Replies 368
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

An Indian firm will locate in Columbia, hiring 300 initially and up to 750 total. It will be their first U.S. location. http://www.thestate....ging-up-to.html

Not bad. I think there will need to be substantially more residential development south of I-77 before something like this could happen though.

I'm excited about Columbia hosting a round or two of the ladies' NCAA basketball tourney! I have no idea what sort of economic impact this will be, but hosting games in March is new for us, and I'm su

Verizon Wireless' 1500 employee caller center in Forest Acres is relocating to a new $40 millon dollar facility in Kershaw County. What can Richland County do to attract and maintain businesses within the county?

Where did you get Kershaw County from? They're moving out to Elgin, but they will still be on the Richland County side.

Source

Link to post
Share on other sites

This move really highlights the troubles at Richland Mall aka Midtown at Forest Acres. The initial plans fell through, but that site still has so much potential. Since this economic downturn has occurred, it will probably be a few years until anything else is proposed.

Link to post
Share on other sites

Don't forget about the DOJ offices that are relocated to Columbia. That's a huge win for Columbia too.

This one, though, is huge. Not just the jobs, but the fact that it's high tech manufacturing AND its part of the hydrogen fuel cell industry that the area has been trying to attract... AND in this economy. This is great news.

Link to post
Share on other sites

Don't forget about the DOJ offices that are relocated to Columbia. That's a huge win for Columbia too.

Oh yeah, I forgot about that one. Lots of high-paying, white-collar jobs.

This one, though, is huge. Not just the jobs, but the fact that it's high tech manufacturing AND its part of the hydrogen fuel cell industry that the area has been trying to attract... AND in this economy. This is great news.

Very true, but I suspect that Columbia would land even more of these companies if Innovista hadn't been sputtering. This company is going in the Midlands Tech business incubator.

Link to post
Share on other sites
  • 2 weeks later...
  • 1 month later...

Immedion, a Greenville-based data security, storage and recovery firm, will build a 5,000-square-foot data center in the S.C. Research Authority-USC Innovation Center, the downtown business incubator. The firm plans to hire 15 employees, doubling the size of its present staff. The Columbia facility has 8,000 square feet of office space and 65,000 square feet of warehouse space and could host 10 to 15 companies. The center will be larger than other incubators in the Midlands and will be the last step for high-tech startups before they move to their own facilities.

SCRA_USC_Innovation_Center.standalone.prod_affiliate.74.jpg

Link to post
Share on other sites

  • 3 weeks later...

The Columbia SCRA building gets a second tenant. Direct Measurements is a 15-employee aerospace- and defense-related company that makes wireless surface-level strain sensors (whatever that is). The entrepreneur has wanted to find a place in Columbia for quite some time. The SCRA set-up is exactly what he has wanted, and his type of company is exactly what SCRA wants.

http://www.columbiabusinessreport.com/news/33119-scra-usc-innovation-center-gets-second-tenant?rss=0

Edited by CorgiMatt
Link to post
Share on other sites
  • 1 month later...
  • 2 weeks later...

Acquisition of Community Bank & Trust of Cornelia, GA in February grew SCBT's coffers by about 50% and lifted the bank's first-quarter profit to a record high. SCBT reported that first-quarter net earnings rose to $49 million from $3.7 million a year earlier. The quarterly profit was more than double what the bank made in its best year ever - the $22 million earned in 2007. The bank's growth, along with anticipation of loan growth, has SCBT adding employees, chief executive Robert Hill said. A concerted push to increase deposits has added more than 25 bankers in branches across the Carolinas, and SCBT is adding about 100 additional support jobs in the Midlands in technology and loan operations, Hill said.

Maybe a new headquarters tower will be in order in the near future? ;)

Link to post
Share on other sites
  • 3 weeks later...

The attached article backs up what I have been saying for a couple of years or more: that the suburbs are becoming yesteryear's place to be. SC's metros might be slightly behind the curve on the new city vs. suburbia trends, but people who are still moving out to the state's burbs are themselves behind the curve and may be sorry.

http://www.msnbc.msn.com/id/37041770/ns/us_news-census_2010

Link to post
Share on other sites
  • 2 weeks later...

Columbia is adding 70 medical IT jobs. A Maryland software company is bringing them here.

http://www.thestate.com/2010/05/18/1292131/health-care-software-firm-to-open.html

That pretty much fits in with the IT cluster in Columbia. This will be a great addition for the local economy and would be even better if they located downtown.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.