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)