Yandle Releases Latest Economic Report
Dr. Bruce Yandle released his latest quarterly economic report. The report offers an optimistic forecast for 2018, finding a growing economy in better shape than at this time last year. He also offers predictions for the year ahead, examines America’s standing relative to other nations, and weighs in on the impact of the tax cuts….
Eagle Solar Group To Build Solar Farm in Orangeburg, SC
Eagle Solar Group today announced plans to construct a new, state-of-the-art solar farm in Orangeburg County. The company is investing $87.9 million in the new operations. “We are excited to be part of the growing solar energy industry in this region, and we appreciate the welcoming and pro-business environment here in Orangeburg County and the…
Enviva Completes Acquisition of South Carolina Wood Pellet Plant
Enviva Holdings, LP, the world’s largest producer of industrial wood pellets, announced today that it, through its previously announced joint venture, Enviva JV Development Company, LLC, has completed the acquisition of a wood pellet production plant in Greenwood, South Carolina and related assets (the “Greenwood plant”) from The Navigator Company, S.A., a Portuguese paper and…
Site Selection Firms Strategic Development Group Merges with Goldsmith Strategy Merge
Strategic Development Group and Goldsmith Strategy, both site selection firms based in South Carolina, have announced they are joining forces. Strategic Development Group (SDG) President and CEO Mark Williams will serve as the President of the combined firm, and Jeannette Goldsmith will serve as Vice President. Both Williams and Goldsmith have extensive careers in the…
Business Facilities Names South Carolina State of the Year
The staff at Business Facilities magazine has named South Carolina as the 2017 State of the Year. The publication, which reaches key influencer that make corporate facility and real estate decisions, cited investment by Volve, BMW, Samsung and others as key factors in their decision in selecting South Carolina. Below is from Business Facilities South Carolina…
Electrolux Investing $500 Million in U.S. Product Innovation and Manufacturing
The Electrolux Group said today it is planning total investments of approximately $500 million in its U.S. manufacturing operations, stepping up a strategic initiative to drive profitable growth in North America with new lines of innovative Frigidaire kitchen products. The company also said it will consolidate freezer production into its Anderson, South Carolina refrigeration facility….
NC Launches Initiative to Support Economic Prosperity in Rural Communities
North Carolina Gov. Roy Cooper has launched a new initiative, dubbed Hometown Strong, that focuses on partnering with local leaders to stimulate economies in rural communities and help businesses thrive in those areas. “Small communities like the one I grew up in have a special character and so much to offer,” Cooper said. “They deserve…
NC Governor Launches Initiative to Support Economic Prosperity in Rural Communities
North Carolina Gov. Roy Cooper has launched a new initiative, dubbed Hometown Strong, that focuses on partnering with local leaders to stimulate economies in rural communities and help businesses thrive in those areas. “Small communities like the one I grew up in have a special character and so much to offer,” Cooper said. “They deserve…
EY 2017 US Investment Monitor Shows Steady Number of Business Investment Projects
US business investment projects accounted for $142 billion in capital investment in 2016, according to the EY 2017 US Investment Monitor (USIM), an annual report prepared by Ernst & Young LLP’s Quantitative Economics and Statistics (QUEST) and Indirect Tax practices. Nearly 5,400 business investments were announced in 2016 and are expected to create or retain…
South Carolina Recruits $5 Billion in Business
The S.C. Department of Commerce released its 2017 industry recruitment results. In total, the state won 157 economic development projects last year, accounting for $5.24 billion in capital investment and 18,445 new jobs. “South Carolina has become an industrial powerhouse,” said Secretary of Commerce Bobby Hitt. “To recruit more than $5 billion in capital investment…
