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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

November 2018 Newsletter

Spartanburg

The Northside continues to gain momentum (Upstate Business Journal)

A new downtown hotel may be in the works (GoUpstate)…but it has already hit a snag with the design and review board. (GoUpstate)

What happened to the Co-op? (GoUpstate)

Greenville

Greenville’s new downtown plan may include an innovation district and more pocket parks. (Greenville Journal)

A town of engineers…

“Today, nearly 11,000 engineers work here in fields including aerospace, agriculture, chemical, mechanical, electrical, nuclear, and biomedical, among multiple others.” (Greenville Business Magazine)

Unity Park is expected to begin construction at the end of 2019.  The first phase of the park is estimated to cost nearly $41.2 million.  (Greenville Journal)

Upstate

Greenville Tech partners with KUKA for robotics training.  (Greenville Business Magazine)

Passenger and Cargo activity hit new highs at GSP, with passenger activity up 10.8% in September – it marked 12 consecutive months of increased traffic and the best September on record.  (Greenville Business Magazine)

The State

Aerospace plays an important role in the state…

Currently, the aerospace cluster maintains an employment multiplier of 2.7. This means that for every 10 jobs created in the aerospace sector in South Carolina, an additional 17 jobs are created elsewhere in the state, Von Nessen says. “That is evidence that the supply chain in South Carolina is continuing to grow and develop.” (Greenville Business Magazine)

What impact will Brexit have on SC?

“I want British business to be thinking Southeast,” Staunton said. “I want them to be thinking South Carolina.” (Post and Courier)

The Bigger Picture

International e-commerce is posed to take off.  (Supply Chain Drive) Could GSP Airport capitalize on this opportunity?

This while the share of global online consumption conducted cross-border is growing at an even faster rate. By 2020, U.S. retailers will sell nearly $485 billion in goods to the world and will buy $140 billion in goods directly from overseas sellers, according to Tompkins International. For context, these totals equal approximately 96% and 27% of projected 2018 total online retail spending in the U.S., respectively….

To satisfy this demand for faster delivery, a growing share of global direct-to-consumer shipping is shifting to air freight….

In the face of terminal (excuse the pun), unresolvable congestion at legacy leading air cargo airports and permanent surging inbound and outbound flow, carriers and their customers will have to establish operations at alternative airports. Centers not thought of as leading air cargo facilities today that choose to invest strategically in building capacity inside and outside airport boundaries can create tremendous opportunities to attract surging demand in the future. (emphasis added)

Filed Under: Newsletter Tagged With: Aerospace, Brexit, Cambria Hotel, Greenville Tech, GSP Airport, Hub City Co-op, Northside, Robotics, 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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