Site selection is a process that is becoming highly critical for communities to be aware of and compete within but also for businesses involved as their success is tied to getting it right. In a nutshell, site selection is the process of choosing the best location for…
A competition to build pilot training systems in the Upstate could lead to more than just the jobs, some area officials are saying. In February, Lockheed Martin announced it would partner with Korean Aerospace Industries to enter into the U. S. Air Force’s Advance Pilot Training competition…
Every week, the Greenville Area Development Corporation works with companies who echo the same sentiment, “Our employees are our most important asset!” But the evolution of industrial processing mirrors the advances in technology. Today’s rapid increase in production levels are rarely the result of adding more staff,…
The Charleston Metro Chamber has identified urging legislature to either fully fund an aeronautics training center or allowing construction of the facility to start, as one of its priority issues for this legislative session. In its legislative agenda released in January, the chamber called for the…
Property taxes are often the largest South Carolina tax paid by manufacturers. Property taxes are assessed annually on real and personal property owned by a manufacturer (excluding inventory and supplies) on Dec. 31, of the preceding calendar year. Property taxes are due on Jan. 15 of the…
The Upstate economy has made great strides coming out of the “Great Recession” thanks to a vibrant manufacturing base that calls our ten-county region home. As this large sector continue to hum along, one theme to watch for in 2016 is the idea of “Industry 4.0” within…
Despite remarkable growth of developing economies in China, Brazil and India, the United States has seen more foreign investment than any country in the world over the last five years, according to the United Nations. IBM’s annual report on international investment showed that South Carolina was the…
TPM, Inc., a 2D and 3D design technology provider, has announced two new partnerships, creating the largest and most complete 3D printing product portfolio in the region. The partnerships include Waltham, MA based MarkForged and Costa Mesa, CA based Airwolf 3D. The partnerships, alongside its existing relationship…
In response to customer demand, a Swiss manufacturer of engineered wood products will expand its operations in Barnwell County. The Swiss Krono Group and its American subsidiary, KronotexUSA Holdings, Inc., will invest $230 million into the expansion project and could be a major shot in the arm…
It’s a valid question. It’s not too presumptuous to think. Why not? Could South Carolina be the home to the next supersonic commercial airplane? Perhaps this isn’t on anyone’s radar screen yet. For decades, there has been discussion of a new supersonic commercial airplane. During my Boeing…