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July 2018 Newsletter

Volvo opened its first US factory – in our state.  (Autoblog)

See a video of the plant. (YouTube)  Its helps one understand how truly global car companies like Volvo are.

But talk of tariffs is causing quite a stir at home…

Tariff Dispute Threatens Exports of American-Made Cars (WSJ)
BMW and Daimler are particularly vulnerable to the tariff dispute. Both German auto makers have massive factories in the U.S. South that employ thousands of workers and build luxury sport-utility vehicles for export to China and Europe, as well as sale in the U.S. The tariffs will force the companies to either charge customers in China more or absorb the added costs…
BMW last year sold 385,900 vehicles made at its factory in South Carolina. Of those, 87,600 were shipped to China, while another 112,900 were sent to Europe. Any new vehicles BMW ships from its U.S. factory to China will be subject to the 40% tariff, making them more expensive than the models that rivals build in Europe and then ship to China.

BMW says U.S. tariffs on EU cars may hit investment there (Reuters)
The BMW plant in South Carolina is its largest globally and ships more than 70 percent of its annual production to other export markets, the company said.

Experts: Trade war could hit Upstate hard (GoUpstate.com)
In a letter to U.S. Commerce Secretary Wilbur Ross, BMW said tariffs would raise its cost of doing business in this country and could risk cutting production and jobs at its Spartanburg plant.

South Carolina will be one of the biggest losers in Trump’s trade wars, business group warns (Greenville News)
States with large automobile production facilities, such as South Carolina, are among the most exposed to the tariffs, according to Bloomberg News. However, the chamber’s numbers show the three most impacted products — refrigerators, paper pulp products and lawnmowers — make up a combined $112 million of South Carolina’s exports to Canada.


Bloomberg has a nice piece, The New Startup South, covering Greenville’s startup scene. (Bloomberg)

Whatever happened to the Bass Pro shop project on I-85 and Hwy 101?  (GoUpstate.com)

Samsung will bring 400 jobs to the Upstate.  (Upstate Business Journal)

GSP continues to add more flights. This is not only good for us going places, but bringing others to the Upstate.
Denver, Las Vegas among new options for GSP fliers (GoUpstate.com)

The way we travel around cities is changing. Even in smaller cities like ours, we will one day see options like electric scooters and dockless bike sharing. Long term, these will most likely be options in popular car sharing apps like Uber and Lyft. Read about little vehicles at CityLab

Cherokee completes its spec building. (Greenville Business Magazine)

“Most spec buildings this size are located on 10 acres, but ours is on 24, making it more expandable—up to 240,000 square feet. We made sure it had enough capacity for 17 loading docks, allowing it to be customizable for any number of future tenants. Higher and bigger is always better in these projects. Our building has 32-foot clear ceilings that are 34-feet tall at the center, with 50 feet of space between columns to make sure future occupants can make use of the space. Wider is better too,” he laughs.


The Swamp Rabbit Trail brings success to Travelers Rest.  Will other towns try the same formula? (Greenville Business Magazine)

…hospitality-tax figures reflect how much the trail has paved the way to growth. In 2009, the 2-percent levy on all prepared meals and beverages served in town generated about $330,000. Last year, the city’s take nearly doubled to $634,000.

Filed Under: Newsletter Tagged With: Bass Pro, BMW, GSP Airport, Samsung, Swamp Rabbit Trail, Tariffs, Travelers Rest, Volvo

June 2018 Newsletter

Spartanburg

Spartanburg County landed 21 projects in 2017 = 1,789 new jobs / $885 million

Sidewall Pizza is opening its fourth location – in the Montgomery building.


Greenville

Unity Park is a 60-acre west-side park in GVL.  The $40 million park will be funded through a public-private partnership.

“Gather GVL, the shipping container food hall planned for Greenville’s West End on Augusta Street, now has eight of 13 units under lease with letters of intent (LOI) on four additional units.

Current tenant partner concepts include chicken, biscuits, and doughnuts; burgers; pizza; tacos and burritos; poke bowls, sushi, and hibachi; ice cream; coffee; and craft beer.”  Source:  UBJ

“The creation of Cancer Survivors Park, Greenville’s newest and perhaps “most unique” park, in many ways mirrors the journey of those whom it is meant to serve.”  Source:  Greenville Journal

GSP

GSP airport enjoyed its 6th consecutive month of increased passenger traffic in March.

American Airlines will offer two daily nonstop flights from GSP to Miami International Airport (MIA) beginning Dec. 19.

The World Equestrian Games will have an impact…

  • “The 2018 Fédération Equestre Internationale (FEI) World Equestrian Games, hosted at the Tryon International Equestrian Center, is expected to draw half a million visitors to the region from Sept. 11-23.”
  • “Equestrian center and N.C. Department of Commerce leaders estimate the games could have up to $400 million in total economic impact on the region.” – Source:  GoUpstate.com

Greenville-based automotive parts and engineering company JTEKT North America is expanding its existing production facility in Oconee County (56 Jobs / $19.4M)

SC

The Port of Charleston ranks No. 7 among U.S. ports.

Charleston Harbor Deepening Project Receives $49 Million in Federal Funding.

Teijin breaks ground on its new carbon fiber production facility in Greenwood.

“Santee Cooper recently approved a $3.25 million loan for an industrial building at the Hunter Industrial Park and a $385,000 grant to help provide critical infrastructure at the Clinton 26 Commerce Park. Both industrial parks are located in Laurens County.”  Source:  Greenville Business Magazine

Arthrex Inc., a global orthopedic medical device company projects that its manufacturing facility will create more than 1,000 new jobs in Anderson County over the next several years. (1,000 Jobs / $37M)

The Bigger Picture

“Atlanta is exploring an innovation center at Hartsfield-Jackson Atlanta International Airport to test new ideas for aviation and other industries using the airport’s resources”  Source:  SmartCitiesDive

Filed Under: Newsletter Tagged With: Equestrian Center, GSP Airport, Port of Charleston, Unity Park

April 2018 Newsletter

Spartanburg
The ebb and flow of downtown (includes interview with Jansen Tidmore, EVP over Spartanburg Area Chamber of Commerce’s Downtown Development Partnership).
Northside mixed-use project moves forward.
Red Rock Developments announces 475-acre business park. 
Council members say 3 projects would = 846 jobs and $482M investment.
Bowling alley concept planned for downtown.
The Children’s Museum of the Upstate is set to open in late spring 2018 downtown.
Le Spice is expanding to downtown.

Greenville
Greenville County Councilman has a vision of an automated transit network (think pods).  Estimated cost for a city wide ATN is about $15 million and $25 million.
More than half a million square feet of office space is available downtown.
In Greenville County, more than 1.4M SqFt of office space is available.
Are trees a part of the city’s success?
Greenville’s Investment in Smart City Transportation.

GSP
Upstate SC Alliance:  2017 saw $1.9 billion in capital investment and 6,202 new jobs.
Five-year cumulative investment = $10.35 billion in capital investment and 27,967 new jobs.
The Greenville-Spartanburg International Airport Commission approved 4 projects totaling $30 million to improve the airport’s capacity to handle cargo flights.
Tyger River Smart Farm uses hydroponics.
Ford has partnered with the Clemson University International Center for Automotive Research (CU-ICAR) to sponsor autonomous vehicle project.

SC
$50.5 million inland South Carolina port opens in Dillon.
Charleston-based Palmetto Railways gets initial go-ahead for Volvo Cars rail line.
The brewery business is booming thanks to pro-craft-beer laws.
Seed Researchers are reviving food traditions in Charleston.

The Bigger Picture
Charlotte transit partners with Lyft by offering a discount.
Arlington, TX replaces buses with on-demand ride-sharing.
Are flying taxis the next thing?
Atlanta announces open portal to track city spending.

Filed Under: Newsletter Tagged With: Childrens Museum, CU-ICAR, GSP Airport, Northside, Office Space, SC Ports, Upstate SC Alliance

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