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,…
NC Governor Cooper Announces Automotive Manufacturing Expansion in Wilson County
Linamar Forgings Carolina (LFC), an automotive manufacturer, will create 31 jobs with an expansion of its existing manufacturing facility in Wilson County, Governor Roy Cooper announced today. The company will invest more than $6.8 million with this project. “North Carolina continues to grow our leadership in manufacturing with this expansion,” Governor Cooper said. “Linamar Forgings…
Stanley Black & Decker to Open Manufacturing Facility in York County, SC
Stanley Black & Decker (NYSE: SWK), one of the world’s largest tool and storage companies, is opening a new manufacturing facility in York County. The new operations are projected to bring $31 million in capital investment and lead to the creation of 500 new jobs. “You may know Stanley Black & Decker has always been…
SCEDA Announces New Members
The South Carolina Economic Developers Association (SCEDA), a statewide organization whose primary objective is to increase the effectiveness of individuals involved in the practice of economic development in South Carolina by encouraging cooperation, exchange of information, and promotion of professional skills, announced 56 new members. The new SCEDA members are: Sergio Aparicio City of Columbia…
Clemson’s Bruce Yandle’s Economic Situation Report Released
A fixture the in the Carolinas, Dr. Bruce Yandle released his quarterly Economic Situation Report. Yandle prospects for 2018 were positive. “These can be summarized in a simple statement: if you felt good about 2017, you should look forward to 2018,” he wrote. “In other words, don’t expect to see major changes in the nation’s…
