The article discusses the South’s business-friendly incentives, the relatively low penetration of unionized workforces, the all-around better climate and more affordable lifestyle. Naturally, poverty and education continue to be issues of concern for companies looking to expand or relocate, but as Kotkin points out, the education gap is shrinking, particularly in the south’s larger metropolitan areas.
The article concludes with this insight: “In the next half century, more Americans will be brought up Southern; the drawls may be softer, and social values hopefully less constricted, but the cultural imprint and regional loyalties are likely to persist. Rather than fade way, expect Southern influence instead to grow over time. It is more likely that the culture of the increasingly child-free northern tier and the slow-growth coasts will, to evoke the past, be the ones gone with the wind.”
For business owners in the Upstate, we don’t have to look far to see the extraordinary impact that now-established major manufacturers like BMW, Michelin, Fujifilm and Bosch USA have made on our region. Add to that an emerging tier of smaller, highly innovative companies such as Proterra, Adex, Kent Manufacturing and O’Dell Corporation that are bringing better-paying, technology-based career opportunities to the area. From our perspective at Countybank, it would be hard to find a small business that’s not deriving some indirect benefits from the resurgence of manufacturing in the Upstate.
Take a minute to read the Forbes story here.