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…
Business Facilities Names South Carolina 2017 State of the Year
Business Facilities magazine has recognized the Palmetto State for its economic development efforts. According to Business Facilities, South Carolina’s manufacturing growth, coupled with its diversification into new sectors landed the state in the top spot. From Business Facilities: Massive new commitments from auto giants BMW and Volvo were the drivers in a bounty of new…
Tidewater Boats Expanding in Lexington County, SC
Tidewater Boats, a designer and manufacturer of premier saltwater boats, is growing its Lexington County operations. To accommodate the production of larger models, the company is investing $8.3 million and creating 100 new jobs. “Our mission is to build a boat that is of great value and worthy of proud ownership. We accomplish this by…
Triangle Tyre Lands in North Carolina
Chinese tire manufacturing company Triangle Tyre (Triangle) has selected Edgecombe County, North Carolina as the location for its first manufacturing facility in the United States, Governor Roy Cooper announced today. Triangle will create 800 jobs and invest nearly $580 million in Kingsboro, NC. The project is estimated to contribute more than $2.4 billion to North…
Corning Incorporated to Bring 428 New Jobs to North Carolina
Corning Incorporated (NYSE:GLW) will create 428 jobs over three years in North Carolina, Governor Roy Cooper announced today, as the company locates a warehouse facility in Edgecombe County and plans an expansion of manufacturing operations in Durham. Corning, a world-leading innovator in materials science, will invest a total of $275 million between the two sites,…
