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September 2018 Newsletter

Opportunity Zones (or O-zones) are a hot topic lately.  Forbes has a good write up featuring Senator Scott (Charleston) who was a co-sponsor of the Investing in Opportunity Act.  The act provides tax incentives for investors and corporations to invest in these defined zones.  We have a few in the Upstate.  An historic mill in Greer could be one of the first beneficiaries of the new program. (UBJ)

Mauldin is booming. Since 2016, construction spending has increased 150 percent to more than $46 million with no end in sight. (Greenville Journal)

Spartanburg’s minority business accelerator is set to begin its first program in October.  The program offers business training, mentoring, networking and potential access to capital.  (GoUpstate)

The city of Greenville buries its power lines.  (Greenville Journal)

 

Automotive

Mercedes-Benz opens $500 million Sprinter plant in North Charleston and lands a deal to build 20,000 vans for Amazon. (Autoblog)

Volvo Cars, which has a plant near Ridgeville, SC, is asking for an exemption to tariffs on a mid-size SUV it imports to the U.S. from China. (Post and Courier)

 

Logistics

Greenville-Spartanburg International Airport breaks ground on a $30 million warehouse and expanded apron.  It can currently accommodate only one 747-800 at a time on its cargo apron. The expansion will increase the capacity to three.  The airport has moved from No. 84 to 72 on the Federal Aviation Administration’s list ranking airport cargo data.  (GSA Business)

The Port of Charleston set an all time container cargo record.  This can mainly be attributed to larger ships traveling from Asia to East Coast ports via the expanded Panama Canal.  (Post and Courier)

 

Tech

SeeDaten relocates to the Spark Center.
“SeeDaten partnered with Germany-based IOXP (Input Output of Experience) to deliver reality, augmented reality (AR), and mixed reality (MR) learning and process analysis software and techniques to automotive OEM/Tier 1 manufacturing, healthcare/nursing — clinical/academia, equipment manufacturing and technical services, and manufacturing industries.” (Union Daily Times)

Boeing is testing exoskeleton vests to assist workers. (Post and Courier)

 

Food and Entertainment 

Gather GVL (a food hall constructed of shipping containers) announces four more tenants and breaks ground at 126 Augusta Road.  (UBJ)

Owners of the Streatery food truck (Spartanburg) will open a brick-and-mortar restaurant at 401 E. Kennedy St. in the site formerly occupied by The Farmer’s Table.  (GoUpstate)

Rick Erwin Dining Group is opening a new seafood restaurant at Haywood Mall.  (UBJ)

Greenville has a new professional soccer team.  (Greenville Journal)

Filed Under: Newsletter Tagged With: Amazon, Gather GVL, GSP Airport, Mauldin, Mercedes-Benz, Minority Business Accelerator, O-Zones, Opportunity Zones, Port of Charleston, Spark Center, Sprinter, Volvo

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

March 2018 Newsletter

Spartanburg

United Community Bank breaks ground at the corner of E Main and S Pine.  Link

Bluemoon is about to reopen downtown.  Link

The Peddler plans to move into the former Abby’s space.  Link

Nu-Way Lounge celebrates 80 years.  Link

Video | OneSpartanburg Scorecard.  Link

Former Goodyear facilities near I-26 and New Cut Road sold for $2.2M.  Link

Greenville

Vogue pens a list of the best Food and Drink in GVL .  Link
(Hat Tip to GVL Today for this one.)

Piedmont Plush Mill will be home to a new coworking space — Serendipity Labs.  Link

An interview with the owners of Sidewall Pizza.  Link

Mike Cruice is a guide for GVL.  Link

Anchorage named 2018 Semifinalist for Best New Restaurant by James Beard Foundation.  Link

Craft Axe Throwing?  Link

50 Influential People of 2017.  Link

Downtown by the numbers.  Link

GSP

The airport prepares to fly hundreds of horses in and out for World Games.  Link

CU-ICAR’s new director aims to strengthen industry relationships.  Link

Greer chamber gets a new CEO.  Link

BMW exports valued at $8.7B.  Link

SC

SC brought in 157 projects in 2017 = $5.24B in capital investment and 18,445 jobs.
Automotive led the way with 4K jobs. Volvo = $620M/1910jobs.  BMW’s = $600M.  Link

Tourism supports 1 in 10 jobs in the state and generates $1.6 billion in state and local taxes.  Link

Electricity expenditures are highest in the state of SC (EIA).  Link

Inland Port Dillon will occupy 160 acres.  Link

North Charleston plans park designed for children with disabilities.  Link

The Bigger Picture

Remembering Billy Graham  Link
See also, “How Billy Graham Changed My Life” by George W. Bush (WSJ Paywall) Link

This town found a potent cure for illness – community.  Link

Bicycle tourism generates an average per person daily spending of $189.66 in Western NC.  Link
See also, Video | Asheville In Motion Plan Link

What if zoning was controlled by algorithms?  Link

The parking garage’s days may be numbered.  Link

Video | Autonomy will define the next chapter in City Planning.  Link
(This is a well done, thought provoking series of presentations.)

A Charlotte man started a non-profit, ChemoCars, that provides cancer patients free rides to and from chemo treatments.  Link

How New Orleans sank (RE: Development)  Link

What its like to live in a smart home (RE: Privacy)  Link

Filed Under: Newsletter Tagged With: BMW, City Planning, CU-ICAR, Greer Chamber, Inland Port, Volvo, Zoning

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