General Electric(GE) could put up to 500 U.S.-based jobs overseas the company said today. The company cited the lack of export financing since the U.S. Export Import Bank (Ex-Im) lapsed in July 2015 as a key reason for the potential move. GE operates a gas turbine plant on Garlington…
Once again, the Palmetto state ranks high for attracting foreign direct investment (FDI). According to IBM-Plant Location International (IBM-PLI) has ranked South Carolina first per million inhabitants in attracting jobs through foreign investment. In this year’s report, South Carolina is ranked above Tennessee and Kentucky, which are…
As South Carolina continues its upward trajectory as a hub of global manufacturing and distribution, the state’s ability to offer international companies operation inside a Foreign Trade Zone (FTZ) has become a critical marketing tool for both the state and regional economic development organizations. John Lummus, President…
On the heels of announcing five-year plans for growth, investment and cargo base expansion at the State of the Port, South Carolina Ports Authority (SCPA) reported a 4 percent increase in August container volumes over the same month last year. SCPA handled 170,528 twenty-foot equivalent units (TEUs)…
Sustaining above-market container volume growth, achieving the deepest harbor on the East Coast, investing in infrastructure and expanding its cargo base topped the list of South Carolina Ports Authority (SCPA) five-year initiatives highlighted today at the State of the Port. SC Port Authority president and CEO Jim…
Kirchner Konstruktionen GmbH (Kirchner), a German company that specializes in the planning, design, simulation and commissioning of equipment for the automotive sector, is establishing its first U.S. operations in Greenville County under the name Kirchner Design Inc. The company is investing more than $1 million in the…
U.S. employers predict the strongest hiring plans since the fourth quarter of 2007 in the final three months of this year, according to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup. Globally, evidence of definitive workforce gains remains patchy, amid signs the pace of recovery…
Continental Tire has broken ground on the expansion of its Sumter, SC manufacturing facility. According to Continental, the expansion will increase tire production capacity from approximately four million units planned for 2016 to approximately eight million units and will more than double the current 700 jobs within the facility….
Another international company is establishing operations in South Carolina. Israeli-based Aran Packaging, a leading company in the liquid packaging industry, is establishing its first United States operations in Greenville County. The company is investing $5.2 million in the facility, creating an expected 63 new jobs in Greer,…
Economic development professionals and attorneys with the Business Investment & Incentives Group at Parker Poe Adams & Bernstein LLP and Parker Poe Consulting are helping the Turkish company, Mogul, establish its first North American operation in Laurens County, according to a release issued by the company. The…