Greenville’s Perceived Challenges for Manufacturers

FDI-SCAlong the I-85 corridor, many major manufacturing announcements have been made in recent years—including the $1 billion expansion of the BMW plant, the $41 million Kobelco Construction Machinery excavator factory and the $50 million Trelleborg tire plant.

However, all of these factories have landed in Spartanburg County, not Greenville.

In Greenville, the only large manufacturing announcement since the start of 2014 was a $400 million expansion by General Electric Co.

Economic development experts say Greenville County would be more competitive in recruiting Upstate factory jobs if it had more suitable sites to market.

Thirty-seven percent of companies that rejected Greenville as a location for new operations over the past three years did so because they didn’t find any sites they liked.

Another challenge for Greenville County is its labor costs are higher relative to surrounding counties because its manufacturing workforce is more mature and so commands a higher average wage.

Regardless of Greenville County’s perceived challenges for manufacturers, companies continue to grow and thrive in this great city.

 

Note: “Fresh Ideas” are published each week by Countybank and its family of financial service companies. With financial centers in Greenville and Greenwood, Countybank has a team of highly engaged professionals ready to bring a full scope of financial solutions designed to help families and business owners reach their goals.