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September 2019 Newsletter

Manufacturing & Logistics

GSP passenger activity is growing at 4 times the national average. (GSP Airport)

In 1980 it took 25 people to manufacture $1 million worth of goods.  In 2018 it took 5. (UBJ)

Amazon rethinks the way fulfillment works. Robots now bring the items to the shippers rather than order pickers retrieving the items from the warehouse. Video embedded. (Charlotte Observer)

Real Estate

Another mill gets restored in Spartanburg – this time on the Northside. (WYFF4)

Anderson becomes a hot city on Airbnb. Is it the proximity to ATL and CLT or is it Clemson fans? Probably both. (Post and Courier)

Will the Bass Pro Shop project ($125M) ever get built? I like this quote from David Britt, “We’re at the crossroads of the South — 800 miles from New York and 800 miles from Miami.” (GoUpstate)

Economy

Is the South’s economy falling behind?  While the Upstate may be experiencing growth, apparently the region as a whole may be in decline.

“Since 2009, the South’s convergence has turned to divergence, as the region recorded the country’s slowest growth in output and wages, the lowest labor-force participation rate and the highest unemployment rate.”  It appears that low taxes and low wages that attracted businesses in the past may no longer be the draw it once was in “an expanding economy where the forces of globalization favor cities with concentrations of capital and educated workers.” (WSJ)

Parks and Rec

Spartanburg unveils plans for a city-wide interconnected trails system called “The Dan”.

“The Dan is about cohesion and connection, both literally and figuratively, between many of Spartanburg’s incredible trails like the Mary Black Foundation Rail Trail, the Drayton Mills Trail, the Wadsworth Trail on the west side and SPACE’s beloved Cottonwood Trail,” said Laura Ringo, executive director of Partners for Active Living.(GoUpstate)

Filed Under: Newsletter Tagged With: Clemson, GSP Airport, Northside, Partners for Active Living, The Dan

August 2019 Newsletter

I combined the months of July and August because the headlines seemed a little sparse over the Summer.

Transportation

GSP airport saw its passenger traffic increase for the 21st consecutive month.  (WSPA)

On a related note, “As little as 3 percent of the global population flew in 2017, and at most, only about 18 percent have ever done so. But things are changing. According to International Civil Aviation Organization (ICAO) estimates, there were 3.7 billion global air passengers in 2016 — and every year since 2009 has been a new record-breaker.  By 2035, the International Air Transport Association (IATA) predicts a rise to 7.2 billion. Like the planes themselves, the numbers just keep going up.” (DW via The Collaborative Fund)

VW envisions a world with multiple transportation options as it looks beyond cars (read: micromobility) (VW) H/T Ben Evans

Greenville has electric buses. (Instagram)

Real Estate

In Charleston, a former landfill looks like prime real estate. (Post and Courier)

CBRE announced that Phase 1 of the Apple Valley Industrial Park in Duncan, S.C., is now 100% leased.  The latest commitment of more than 75,000 square feet came from an automotive supplier. (GVL Business Mag)

Business

Spartanburg ranks 6th in the US for industrial growth. (WSPA)

NC & SC may be competing to be the home of an auto manufacturing plant,  Indian automotive company Mahindra Automotive North America, that could create up to 2,000 jobs in the first five years.  (Charlotte Observer)   H/T GVL Business Mag

Tindall builds a new batch plant to expand production. (UBJ)

Sports

The long and fascinating story behind Zion Williamson’s sneaker deal.  (ESPN)

See also, Zion Williamson’s (Spartanburg Day School) jersey has become a hot seller.  (Washington Post)

Parks & Rec

The former Cleveland Park Stables in GVL has a ribbon cutting. (Greenville Journal)

Eco

The Green Ribbon Advisory Committee is working on a resolution to ban plastic bags in the city of Greenville.  Note: 17 other South Carolina municipalities already have bans in place.  (WYFF4)

Filed Under: Newsletter Tagged With: Automotive, GSP Airport, Industrial Spec Building

June 2019 Newsletter

Spartanburg

Just when I thought things might be slowing down around town…

The old Snyder Electric property downtown sold for $6M (the land sits in an Opportunity Zone).  Maybe the Grain District’s time has come? (SHJ)

A plan for townhomes at Drayton Mills is approved (118 town homes on 20 acres). (SHJ)

Bon Haven apartment project gets approval.  (GoUpstate)

Spartanburg plans road improvements with new funds.  (GoUpstate)

Toray Industries has developed new carbon fiber materials that are expected to slash production costs for aircraft parts by up to half…and they have a plant right here in our backyard.  (Nikkei) H/T WSJ


Greenville

Carl Sobocinski (Soby’s, The Lazy Goat, Passerelle Bistro, Papi’s Tacos, and more) plans to sell many of his restaurants to employees. (Forbes) H/T Greenville Business Magazine

Top 21 Commercial Real Estate projects in Greenville (Upstate Business Journal)

GVL is working on a long term plan for its development – GVL2040 (City of Greenville)  CZB will be the consultant. (CZB)  H/T  GVL Today


The State

Mixed signals from SC Ports – TEUs are down for the second month (still the best May ever) but the the number of rail moves at Inland Port Greer continues to rise.  (Greenville Business Mag)

What’s behind the numbers?  Nothing, literally.  Turns out empty containers accounted for nearly 23% of all containers loaded.  “That’s 501,010 cargo boxes filled with nothing but air over the last 11 months — a 36.1% increase over the number of empties crossing the terminals during the same period a year earlier…Empties have helped the port set monthly cargo volume records eight times this fiscal year.”  (Post and Courier)

And on a related note…The State Ports Authority seeks an exemption from proposed tariffs on Chinese-made goods, as the import tax would cost it an extra $36 million for 12 cranes it is buying. (Post and Courier) 

I found this interesting…China has reduced imports of plastic waste (old water bottles, etc.) but is increasing imports of plastic pellets.  Orangeburg, SC is home to a Chinese recycling firm, Ecomelida, that turns plastic waste into pellets.  (Greenville Business Mag)

A Charleston cab company disrupts the distruptors.  What’s old is new again.  (Post and Courier)


The Bigger Picture

Where an entire day’s worth of food comes from. Something we give little thought to, but we should think more about.  (Grub Street)

A.I. turns brain signals into speech.  This has huge implications for those who are unable to speak, but may be able to communicate with others in the future. (WSJ)

Mobile, AL figured out a way to reduce its number of blighted homes by 45%, from 1,625 properties to 891. (Fast Company)

My Blog

What Will We Leave Behind?  Thoughts on a trail expansion in
Spartanburg.  (jpfaris.com)

Filed Under: Newsletter Tagged With: Bon Haven, CRE, Drayton, GVL2040, SC Ports, Toray

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