Beginning at the end of this year, Michelin will suspend operations at their earthmover plant in Starr, SC, the company announced Wednesday. Although the decision will impact 100 local employees, Anderson County Administrator, Rusty Burns, does not foresee any negative economic backlash. All of the employees will…
The founder of one of the automotive industry’s most visionary companies will deliver the keynote address at the 5th Annual South Carolina Automotive Summit in February. Jay Rogers, CEO and Founder of Local Motors — the world’s first 3D printed car company — will discuss the future…
According to the results of a study released today, the South Carolina Ports Authority (SCPA) generates $53 billion statewide and $6.3 billion in annual economic activity in the Lowcountry region. The report highlights SCPA’s role as an economic driver and key competitive advantage for South Carolina. “The…
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…
Domtar Corporation’s (NYSE: UFS) (TSX: UFS) short documentary, A Portrait on Paper, earned three Telly Awards. The 36th annual Telly Awards honor the finest film and video productions, attracting more than 12,000 entries from five continents. Domtar’s inspirational short video received a Silver Award for Best Corporate…
Haier America is expected to announce an expansion at its Camden, SC manufacturing facility this week. The company currently operates a 300,000 square-foot plant that employs 250 people. The expansion project is expected to add 250,000 square-feet and over 400 jobs. Haier’s South Carolina manufacturing facility is…