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Greenville, S.C. (March 24, 2015) –Upstate South Carolina announces today it is one of only six metropolitan areas selected to develop a regional plan to attract and leverage foreign direct investment, building off its existing Upstate SC Regional Export Plan, as part of the Global Cities Initiative – a joint project of the Brookings Institution and JPMorgan Chase & Co.

Launched in 2012, the Global Cities Initiative helps business and civic leaders grow their metropolitan economies by strengthening international connections and competitiveness. GCI activities include producing data and research to guide decisions, fostering practice and policy innovations, and facilitating a peer‐learning network. This opportunity is part of the next phase of the Global Cities Initiative’s Exchange, a network that assists metropolitan areas as they create strategies to support sustainable economic growth, first addressing exports and then foreign direct investment.

The Upstate will join Atlanta; Des Moines, Iowa; Los Angeles; Milwaukee and Syracuse, N.Y. in developing their foreign direct investment plan. Brookings selected these six metro areas after an extensive application process. The Upstate was selected for its readiness and commitment to strategically pursue foreign direct investment such as greenfield expansions, mergers and acquisitions, and other types of foreign investment including EB‐5, private equity, joint ventures and sovereign wealth funds.

“For this next phase, we selected metro areas that are committed to attracting and leveraging foreign direct investment as part of a comprehensive global trade and investment strategy,” said Brad
McDearman
, Brookings fellow and director of global special projects. “The six metro areas selected for this round will be strong role models for other regions and represent a growing group of leaders who understand the need to embrace the global market to remain competitive in the 21st century economy.”

Foreign direct investment has long supported regional economies, not only by infusing capital, but also by investing in workers, strengthening global connections and sharing best business practices. As the world’s largest economy with a stable investment environment, the United States has been a top destination for foreign direct investment. Yet in the world’s increasingly competitive investment market America’s global share of foreign direct investment has fallen.

For America to regain its standing, cities and metropolitan regions must capitalize on their competitive advantages. Metropolitan leaders, in partnership with their states, are best equipped to attract and retain foreign direct investment by promoting their areas’ unique specializations and establishing strategic and mutually beneficial relationships. The Upstate is well positioned to make foreign direct investment a central component of broader regional economic development strategies.

“The selection of Upstate South Carolina to develop a global trade and investment plan – with the guidance from a world‐class think tank – is exactly the kind of innovative planning that will ensure our community’s long‐term economic success,” said Jeff Henry, executive director of Middle Market banking for JPMorgan Chase in South Carolina. “We have a history of helping businesses connect to global markets and the Global Cities Initiative’s foreign direct investment work brings another level of depth to our region’s efforts to further create jobs, attract capital and grow our economy.”

A team of local leaders will join the Upstate SC Alliance in developing the plan including Dave Edwards, GSP International Airport; the Honorable David Britt, Spartanburg County Council; Dr. Robert Carey, Clemson University; and David Shellhorse, Appalachian Council of Governments.

“As the global economy changes, so must we,” said Dave Edwards, president/CEO of the GSP International Airport and champion of the Upstate FDI Plan. “Throughout our work with the Global Cities
Initiative, the goal is to transition the Upstate region from a player to a leader in the global economy. To make the shift, we must be prepared to expand the traditional role of economic development in whatever direction the global economy demands. The FDI plan, along with the recently released Upstate SC Regional Export Plan, will provide the roadmap for this transition.”

“The Upstate region has always excelled in the recruitment of FDI, as evidenced by having double the national average of jobs supported by foreign owned enterprises. By broadening our definition of
foreign direct investment, the Upstate can leverage its solid foundation in international recruitment to strengthen our global competitiveness,“ said John Lummus, president/CEO of the Upstate SC Alliance.

As part of this phase, the Upstate will develop a foreign direct investment market assessment and plan, along with an implementation plan and a policy memo. This work, added to the region’s existing regional export plan, forms the second core component of a global engagement strategy that will strengthen the region's global economic connections and competitiveness.

For more information on the Global Cities Initiative please visit www.brookings.edu/projects/globalcities.aspx or www.jpmorganchase.com/globalcities.

The Upstate SC Alliance is the regional economic development organization designed to market and brand the 10‐county region for global business. The Alliance is supported by 150+ public and private investors. For more information on the Upstate SC Alliance, please visit www.upstateSCalliance.com. To learn more about the Upstate’s participation in the Global Cities Initiative, go to www.upstateSCalliance.com/goglobal.

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Media Contact:
Jennifer Miller
jmiller@upstatealliance.com
864-283-2316

 

Rite Aid's first new distribution facility in 15 years set to open in 2016, expected to create nearly 600 new jobs

Rite Aid Corporation announced today plans to build a 900,000-square-foot distribution center in Spartanburg, S.C. The new distribution center is expected to employ nearly 600 people after it becomes fully operational and will support the inventory and fulfillment needs of approximately 1,000 Rite Aid stores in the southeastern United States. The Spartanburg distribution center, a $90 million project, will be Rite Aid’s first new distribution facility in 15 years.

In April 2014, after a comprehensive review of its supply chain and logistics network, Rite Aid announced its plan to consolidate three of its existing distribution centers, located in Tuscaloosa, Ala.; Charlotte, N.C.; and Poca, W.Va., into one new facility, as part of its ongoing efforts to improve operating efficiency across the company. The new site’s convenient location along the I-85 corridor offers easy access to markets across the Southeast.

Information on employment opportunities at Rite Aid’s new facility in Spartanburg will be made available in the second half of 2015. Currently, Rite Aid employs nearly 1,400 and operates 95 stores in South Carolina.

The Coordinating Council for Economic Development approved job development credits related to the project. Additionally, the South Carolina Power Team, in conjunction with Broad River Electric Cooperative, committed a $520,000 grant for infrastructure in support of the project.

“Connectivity is important to all facets of business and Rite Aid's decision to locate their distribution center in the Upstate is a testament to our ability to support continued growth in the Southeast. We welcome Rite Aid to the region and congratulate the economic development team in South Carolina on another great win.” 
–Upstate S.C. Alliance President and CEO John Lummus

News Coverage: Spartanburg Herald Journal  |  MarketWatch  |  Upstate Business Journal  | GSA Business  |  FoxCarolina

$2 million investment by automotive supplier to bring new jobs

PecTec Corporation, a supplier of top-quality semi-finished and finished metal products for the automotive industry, is establishing its first U.S. manufacturing facility in Spartanburg County. The $2 million investment is expected to create 15 new jobs in Spartanburg, S.C.
 
Founded in the summer of 2014 in Spartanburg, S.C., PecTec Corporation operates under the Braun GmbH umbrella. Braun, a German-based firm, was founded in 1992 to provide customers with a wide range of non-ferrous metals. PecTec is Braun's first international production operation. 
 
Located at 130 Corporate Drive in Spartanburg, PecTec will provide customers with a line-up of non-ferrous metals finished in a variety of different types and designs. Included in the company's offerings are foils, strips and sheets of aluminum, aluminum alloy, copper, copper alloy and stainless steel. Once it's fully operational, the 11,600-square-foot Spartanburg facility is expected to produce more than six million linear meters of product annually.
 
Hiring for the new positions is expected to begin this month. Those interested in applying may contact info@pectec.us. For more information on PecTec Corporation, please visit www.pectec.us

News Coverage:  Area Development  |  Upstate Business Journal  |  GSA Business  |  GoUpstate.com

The Upstate SC Alliance would like to congratulate Greenville Area Development Corporation and the City of Mauldin on the following project: 

Company investing $3.5 million and creating 260 new jobs in City of Mauldin

Verizon Wireless, the nation's largest provider of telecommunications products and services, is expanding its existing operations in Greenville County. To accommodate its continued growth, the company is investing $3.5 million and creating 260 new jobs.

Employing a diverse workforce of more than 160,000 and headquartered in New York, Verizon Wireless and its industry-leading network provide a variety of products and services to consumers and businesses nationwide. In addition to its wireless services, Verizon Wireless offers a premiere, all-fiber network, which helps the company deliver integrated solutions to millions of consumers and businesses around the world.

Located at 700 Brookfield Parkway in Mauldin, S.C., Verizon Wireless plans to consolidate services in its customer service and telesales divisions at its existing Greenville County operations. Hiring for the new positions is projected to begin immediately, and interested applicants should visit the company's careers page online for more information.

The Coordinating Council for Economic Development has approved job development credits related to this project.

QUOTES

"With access to an outstanding workforce and an 'open for business' policy by state and local officials, we are truly looking forward to expanding our presence in Greenville. As we work to streamline our national operations and improve the total customer experience, our center in Greenville has a proven track record of providing outstanding results and delivers great service to our customers nationwide." -Verizon Wireless Customer Care Senior Vice President Christine Baron

"Today, we congratulate Verizon Wireless on the announcement of its latest South Carolina expansion. By creating 260 new jobs in Greenville County, Verizon Wireless is making a real commitment to the community and to our state as a whole, and we are excited for the continued success we know this partnership will bring." -Gov. Henry McMaster

"It's wonderful to see such a world-renowned company like Verizon Wireless not just locate in South Carolina, but grow and thrive as well. This expansion announcement is a tremendous win for Greenville County, and it shows the world that South Carolina continues to be 'Just right' for business." -Secretary of Commerce Bobby Hitt

"The City of Mauldin is always pleased to see the expansion of yet another existing business within our city.  Verizon has been a great business partner in Mauldin for many years and their expansion showcases the strong business opportunities they have created.  Their expansion exhibits another great example of the health of our business community and why it makes sense to set up shop or expand operations in our great City.  Congratulations team Verizon and the City of Mauldin wishes you much continued success." -Dennis Raines, Mayor of City of Mauldin

"Verizon is a world-class leader in wireless technology as well as broadband and fiber. The Mauldin community has called them a good neighbor for over 14 years, and we congratulate their continued growth and appreciate their dedication to our community." -Greenville County Council Chairman H.G. (Butch) Kirven Jr.

FIVE FAST FACTS

  • Verizon Wireless is expanding Greenville County operations.
  • $3.5 million investment to create 260 new jobs.
  • Headquartered in New York, Verizon Wireless is the largest wireless telecommunications provider in the United States.
  • Located at 700 Brookfield Parkway in Mauldin, S.C. the company will be consolidating services in its customer service and telesales divisions. 
  • Hiring for the new positions is expected to begin immediately, and interested applicants should visit the company's careers page online

The Upstate SC Alliance would like to congratulate Greenville Area Development Corporation on the following project: 

Financial services company investing $30 million in new Mauldin facility

BB&T, one of the largest financial services holding companies in the United States, today announced the construction of a new facility in Greenville County. The development represents a capital investment of $30 million.

Based in Winston-Salem, N.C., BB&T operates more than 2,196 financial centers in 15 states and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T has been recognized for outstanding client satisfaction by the U.S. Small Business Administration and named one of the world's strongest banks by Bloomberg Markets magazine.

Located at 825 East Butler Road in Mauldin, S.C., BB&T will be constructing a new 140,000-square-foot mortgage servicing center, which will house more than 600 BB&T associates. Construction is expected to be complete by the end of the fourth quarter of 2017.

QUOTES

"The construction of this new mortgage servicing center is indicative of BB&T's commitment to South Carolina, Mauldin and the greater Greenville area. With this state-of-the-art facility, we will be better equipped to provide our clients with superior service, as we help them fulfill the dream of homeownership." -BB&T Mortgage Lending President Tol Broome

"BB&T has been a tremendous partner to our state for years, and this new investment in Greenville shows that they remain committed to South Carolina and our people. We are grateful to BB&T for its commitment and congratulate its leadership on the decision to expand here." -Gov. Henry McMaster

"Not only is South Carolina leading the way in advanced manufacturing, our office and shared services industry is also thriving. BB&T's decision to expand its footprint in our state is a testament to the increasingly diverse economy we've cultivated here." -Secretary of Commerce Bobby Hitt

"County council is very pleased with BB&T's continued commitment to Greenville County and grateful for its new mortgage servicing facility. This affirms what we already know - that Greenville is an ideal place for financial institutions' operations and headquarters, and we greatly appreciate their contributions to our great County." -Greenville County Council Chairman H.G. (Butch) Kirven Jr.

"The City of Mauldin is proud to welcome BB&T's Mortgage Division to our city. The addition of BB&T will positively impact our community and generate more opportunities for the entire Upstate, and we are committed to working with them to make this endeavor a huge success. Mauldin has worked diligently to enhance opportunities for growth and development. Our geographic location, outstanding infrastructure and exceptional quality of life make Mauldin an excellent choice for business. Congratulations BB&T, and welcome to Mauldin." -City of Mauldin Mayor Dennis Raines

FIVE FAST FACTS

  • BB&T is constructing a new mortgage servicing center in Greenville County.
  • $30 million of new capital investment.
  • Headquartered in Winston-Salem, N.C., BB&T is one of the largest financial services holdings companies in the United States.
  • The new facility will be located at 825 East Butler Road in Mauldin, S.C.Construction is expected to be complete by the end of the fourth quarter of 2017.

Company investing $4.5 million in new facility

Borgeson Universal Company, Inc., a manufacturer of steering joints, is launching its first South Carolina operations in Greenville County. The new development will bring $4.5 million investment to the Upstate and lead to the creation of 36 new jobs.
 
Founded in 1914, Borgeson Universal is a manufacturer of steering universal joints and components for the industrial, automotive, military and aerospace markets. Utilizing the latest manufacturing and inventory control procedures to maintain stock, the company features rapid turnaround on orders.
 
To establish operations in Greenville County, the company is locating in an existing 101,500-square-foot facility at 9 Krieger Drive in Travelers Rest, S.C. For more information on Borgeson Universal, including the company's product catalog, visit www.borgeson.com.
 
The Coordinating Council for Economic Development has approved job development credits related to this project.
 
QUOTES
 
"When searching for a new home for our business, we found that South Carolina and the Travelers Rest community best fit our needs. We look forward to a successful future in Greenville County and anticipate great things in the years to come." -Borgeson Universal Co. Vice President Alan Zordan
 
"Team South Carolina's approach to building a competitive business environment continues to pay off with a growing economy that is creating jobs and providing opportunities for people in every part of our state. We're thrilled to welcome Borgeson Universal Company to the South Carolina family and to see the impact these 36 jobs will have in Greenville County." -Gov. Nikki Haley
 
"South Carolina continues to lead the pack in manufacturing, and today's announcement by Borgeson Universal Company is yet another testament to that. This $4.5 million investment only reinforces the pro-business reputation South Carolina has cultivated." -Secretary of Commerce Bobby Hitt
 
"This company's relocation is another wonderful testament to the outstanding assets Greenville has to offer businesses of all sizes across many industries. Borgeson Universal Company will benefit from the outstanding talent in the region, and we are grateful for its investment in Travelers Rest." -Greenville County Council Chairman Dr. Bob Taylor
 
"Travelers Rest is a growing and progressive community. We believe that Borgeson's investment here demonstrates that the City of Travelers Rest is a great place to live and work." -City of Travelers Rest Administrator Dianna Turner
 
FIVE FAST FACTS

  • Borgeson Universal Company, Inc. is establishing Greenville County operations.
  • $4.5 million investment to create 36 new jobs.
  • Borgeson Universal is a manufacturer of steering universal joints for the industrial, aerospace, military and automotive markets.
  • The company's new facility is located at 9 Krieger Drive in Travelers Rest, S.C.
  • For more information on Borgeson Universal, visit www.borgeson.com.

Automotive supplier's new $16 million investment in Greenville County to add 40 new jobs
 
Roy Metal Finishing (RMF) is expanding its current operations by building a second facility in Greenville County. Having added more than 100 jobs since its 2011 expansion, the new $16 million investment is expected to generate at least 40 new jobs over the next two years.
 
RMF, the largest metal finishing company on the East Coast, currently operates three facilities in Greenville County, and serves many of the I-85 corridor's automotive, heavy truck and industrial equipment suppliers. Founded in 1961 as Roy Metal Finishing, RMF focuses on automated processes and chemical controls, introducing the latest in environmentally-friendly corrosion protection for aluminum and steel stampings, extrusions, castings and forgings.
 
Located at Greenville County's Matrix Business and Technology Park, construction on the new facility is expected to be complete by June 2016 and will provide an additional 85,000 square-feet. For more information on RMF, visit www.roymetal.com.
 
QUOTES
 
"The region's automotive, heavy truck and industrial equipment manufacturers continue to drive our growth. We are seeing increased demand in our core businesses of electroplating, electrocoating and powder coating, as well as growth in warehousing, supply chain management and third party inspection. We continue to innovate to offer unmatched comprehensive solutions for assembly operations throughout the Southeast." -RMF President and CEO John Pazdan
 
"To see one of our existing companies succeed to the point that it is able to continue to invest and create jobs here is a real reason to celebrate. RMF's $16 million investment, and the 40 new jobs it will create, will make a real difference in Greenville County, and we couldn't be more excited that this fantastic company continues to show its commitment to our state and to our people." -Gov. Nikki Haley
 
"South Carolina's world-class workforce and pro-business climate have made our state a prime location for industries of all types. As a result, our manufacturing sector continues to thrive, and we look forward to watching RMF expand their integral role in this sector." -Secretary of Commerce Bobby Hitt
 
"It has been exciting for us to watch one of our own, a homegrown company fueled by entrepreneurship, seek and fill unique niches in the market and then grow further by branching into multiple industrial sectors. We wish RMF continued success." -Chairman of Greenville County Council Dr. Bob Taylor
 

 

Development will bring $45 million investment and create 150 new jobs
 
Jiangnan Mold Plastic Technology Corporation is establishing operations in Spartanburg County. The company is investing $45 million in the project, which is expected to create 150 new jobs over the next five years.   
 
One of the largest suppliers of plastic mold parts in China's automotive industry, Jiangnan Mold Plastic Technology Corporation specializes in the development, manufacturing and sales of plastic products and hi-tech molds. At its Spartanburg County facility, the company will manufacture a variety of parts and products for original equipment manufacturers and tier one suppliers in the automotive industry.
 
Strategically positioned to support South Carolina's thriving automotive sector, the new plant will be located at 1000 Robinson Road in Greer, S.C.  Expected to be fully operational in the second half of 2017, hiring for the 260,000-square-foot facility will also begin in the second half of 2017.
 
For more information on Jiangnan Mold Plastic Technology Corporation, visit www.000700.com.
 
QUOTES
 
"This investment in South Carolina and in Spartanburg County will further strengthen Jiangnan's effort to expand its global leadership role in the plastic molding industry. It is very clear to us that South Carolina is a pro-business state, and we look forward to continuing our cooperation with the state as we grow." -Jiangnan Mold Plastic Technology Corporation Chairman of the Board of Directors and General Manager Robert Cao
 
"Jiangnan's move to Spartanburg further proves what so many already know - that South Carolina has become a top destination for any company in the automotive industry. This $45 million investment, and the 150 new jobs it will create, is a huge win for the company, Spartanburg County, and the entire state of South Carolina." -Gov. Nikki Haley
 
"With today's announcement, Jiangnan Mold Plastic Technology Corporation joins a roster of globally-renowned companies that have concluded South Carolina is
'Just right' for business. I offer my congratulations to Jiangnan and look forward to supporting them as their Spartanburg County operations come to fruition." - Secretary of Commerce Bobby Hitt
 
"We are exceedingly pleased that Jiangnan chose to locate a new operation in Spartanburg County and welcome yet another international company to our community. The decision to locate here continues to demonstrate Spartanburg's ability to attract international manufacturing operations and highlights the role our skilled workforce plays in recruiting companies." -David Britt, chairman of the Economic Recruitment Committee of Spartanburg County and member of the Economic Futures Group Board
 
"We are pleased to welcome Jiangnan to the City of Greer and Spartanburg County. On my economic development recruiting trips to China, I've learned first-hand what a positive impact that foreign direct investment from Chinese companies can have on a community. With Jiangnan's gracious example and their great success in the City of Greer and Spartanburg County, we hope that this project will encourage other foreign companies to see the advantages of our quality workforce, ready-to-go sites, and can-do attitude." -City of Greer Mayor Rick Danner

 

Company investing more than $2.2 million in Greenville County operations
 
SterAssure Processing (SterAssure), a company that specializes in medical waste collection, is establishing its corporate operations in Greenville County. The $2.2 million investment is expected to create 25 new jobs in Greenville, S.C. over the next five years.
 
A South Carolina-based start-up, SterAssure provides a variety of regulated biomedical waste collection services. Operating throughout the State of South Carolina, SterAssure's clients include funeral homes, doctors' and dentists' offices, as well as environmental waste companies.

To establish its corporate operations in Greenville County, SterAssure has purchased an existing building, located inside the South Carolina Technology and Aviation Center at 4 Augusta Arbor Way in Greenville, S.C. The facility is expected to be fully operational in the third quarter of 2016.

For more information on the company, visit www.sterassureprocessing.com.
 
QUOTES
 
"We are excited to call Greenville, S.C. our home, and I am grateful to those individuals who went above and beyond on our behalf.  Sincere thanks as well to those organizations who have given us the opportunity to serve, and I look forward to building lasting partnerships throughout the state." -SterAssure President Mike McCuen
 
"SterAssures's continued growth and success in South Carolina is a testament to our world-class workforce, and to the business-friendly environment we've worked so hard to create here. This investment, and the 25 new jobs it will create, is a huge win for Greenville County and is a reason to celebrate across the state." -Gov. Nikki Haley

"Today, we congratulate SterAssure on their decision to establish operations in South Carolina, making a significant commitment to Greenville County and our Upstate community. Increased entrepreneurial activity and the success of startup firms, such as SterAssure, is critical as we seek to continue bringing jobs and opportunities to the people of this great state." -Secretary of Commerce Bobby Hitt
 
"SterAssure's decision to choose Greenville speaks to the diverse and innovative business community that Greenville has cultivated. The company's services will have a positive impact on the region's medical community, and I look forward to the firm's future success." -Greenville County Council Chairman Dr. Robert Taylor
 
"SterAssure is a wonderful example of classic entrepreneurship and hard work that creates value in the marketplace.  Greenville is so pleased and appreciative of the investment and job creation SterAssure provides to the local economy." -Greenville Area Development Corporation Chairman Dick Wilkerson

Company opening third office location in South Carolina
  
Total Quality Logistics (TQL), a third-party logistics provider, is establishing logistics and sales operations in Greenville County. The new development is creating an expected 75 new jobs over the next three years.
 
Established in 1997 in Cincinnati, Ohio, Total Quality Logistics has grown into one of the largest freight brokerage firms in North America. With 44 offices nationwide, TQL employs more than 3,800 workers in 20 states. Connecting customers that have freight shipping needs with capable carriers, the firm facilitated the movement of more than one million truck loads last year.
 
With existing operations in Columbia and Charleston, S.C. -- where TQL recently placed first in the South Carolina Best Places to Work survey - the company's new Greenville County facility will be its third in the Palmetto State. The new office will be located at 300 Executive Center Drive in Greenville, S.C.
 
TQL Greenville has a target opening date of May 16, 2016. Hiring for the new positions is underway. Those interested in joining the TQL team should visit www.tqljobs.com. For more information on Total Quality Logistics, visit www.tql.com

QUOTES
 
"We are pleased to announce our third office in South Carolina with the opening of TQL Greenville. By building on our success in South Carolina, we are building on our position as a leader in the third-party logistics business. Greenville is a good fit for us with its access to a deep pool of professional talent." -TQL President Kerry Byrne

"It's exciting to see one of the country's fastest-growing companies make the decision to open a new office in our state. With this investment, Total Quality Logistics is creating 75 new jobs in Greenville County and continuing to show a real commitment to the people of South Carolina." -Gov. Nikki Haley 
 
"Today's announcement by Total Quality Logistics is a testament to the logistics advantages and pro-business environment that South Carolina offers. We're excited to have such a dynamic company establish operations in the Upstate and look forward to their success in our state for many years to come." -Secretary of Commerce Bobby Hitt

"A strong logistics network requires many partners working together to support the needs of Greenville's manufacturers and distributors. This strategic decision by Total Quality Logistics to locate in Greenville enhances the community's logistics network and reinforces Greenville as a premier business location." -Greenville County Council Chairman Dr. Robert Taylor

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