Volvo Cars Increasing Investment in South Carolina
Volvo Cars today announced that it is investing an additional $520 million in its Berkeley County, South Carolina operations and creating 1,910 new jobs. This new commitment adds to the company’s initial 2015 announcement and brings the collective total to more than $1 billion in investment and 3,900 jobs, respectively. “Today’s announcement not only underscores…
Advanced Manufacturer NN Inc. Moving Headquarters to Charlotte
NN Inc., an advanced manufacturer of high-precision metal and plastic components for the medical, aerospace and automotive industries, is moving its headquarters from Johnson City, Tennessee, to North Carolina, creating 200 jobs in Charlotte over the next five years. The global diversified industrial company will invest $10 million in its new headquarters. “Relocating our headquarters…
S.C. Department of Commerce Wins Grant to Support Export Assistance
The S.C. Department of Commerce has been awarded a State Trade Expansion Program (STEP) grant from the U.S. Small Business Administration (SBA) for the sixth year. In total, the SBA is awarding $18 million to 44 states in this year’s round of STEP grants, which are designed to support and encourage small business export success….
Volvo to Double Investment in South Carolina
According to multiple media reports, Volvo Cars is expected to double its investment at its plant in South Carolina. The new Volvo Charleston plant is still under construction, and the automaker is expected to announce that it will add a second production line. Sources familiar with the project expect Volvo’s investment in the Palmetto State…
Survey of Site Selectors Ranks North Carolina Among Nation’s Top 5 Best States for Business
North Carolina ranks among the nation’s top five states for having the best business climate, according to a report released this morning by Development Counsellors International (DCI). North Carolina came in at No. 5 in DCI’s survey of 331 corporate executives with site selection responsibilities. Texas ranked No. 1, followed by Florida, Georgia and South…
Council for Innovation Initiatives Created by SC Commerce
The South Carolina Department of Commerce announced the creation of the Council for Innovation Initiatives. Tasked with helping the state advance the South Carolina Innovation Plan, which was published in January 2017, the council will meet quarterly with its inaugural meeting scheduled for Tuesday, August 29. Comprised of 14 members, the council will be managed…
Sportsman Boats Manufacturing Expanding Operations near Charleston
Sportsman Boats Manufacturing is expanding its existing operations in Summerville, South Carolina. To grow its facility, the company is investing $3.5 million and creating 100 new jobs . Sportsman’s product offerings currently include 21 models of center consoles and bay boats. Ranging in size from 17-31 feet, the boats are designed for saltwater enthusiasts. “Sportsman Boats…
LS Tractor USA Investing $11.5M in Nash County, NC
Agriculture equipment distributor LS Tractor USA announced that it will expand operations in Nash County, NC, adding 31 jobs over five years and investing $11.5 million to upgrade its offices and facilities in Battleboro, NC. LS Tractor USA sells and distributes tractors and agricultural equipment produced by South Korea-based LS Mtron. LS Tractor’s corporate headquarters…
New York Air Brake Expanding NC Plant
New York Air Brake, a global manufacturer of innovative train control systems for the railroad industry, is expanding its Premtec division in Rowan County, adding 28 jobs and investing $1 million at the plant in Salisbury, North Carolina. Over the long term, the company plans to add up to 40 jobs at the Premtec plant,…
Safeplast to Open Manufacturing Facility in Pickens, SC
Safeplast NA Company, a manufacturer and provider of hose protectors and hose binding products, is launching a new facility in Pickens, SC. The $4.3 million investment is projected to create 30 new jobs. “For the past year, Safeplast NA has explored various geographic locations to build a new facility, searching both in Canada and the…
