New Brookings Report Examines Multi-billion Dollar Economic Development Incentives Conundrum
Report provides a rare, transaction-level snapshot into local and state governments’ economic development incentives in four U.S. cities Brookings Metropolitan Policy Program released a new report, Examining the Local Value of Economic Development Incentives: Evidence from Four U.S. Cities, by Joseph Parilla and Sifan Liu. The report explains why U.S. local and state governments deploy $45 billion to $90…
NC Remains Among Top 5 States for Attracting New and Growing Corporate Facilities
North Carolina remains among the top-five finishers in Site Selection magazine’s annual ranking of states attracting the most new and expanded corporate facilities. North Carolina had 274 qualifying projects announced in 2017, according to the magazine’s latest Governor’s Cup ranking. At No. 5, North Carolina trailed only Texas, Ohio, Illinois and Georgia. For the three…
GE Expanding in North Carolina
GE Aviation is adding 146 full-time jobs over four years at its facilities in Asheville and West Jefferson, North Carolina, as it expands production capacity supporting its revolutionary ceramic matrix composite (CMC) line of jet engine components. The global manufacturer of aircraft engines and components will invest nearly $105 million in the expansion. The Asheville…
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…
