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Archive for December, 2009
10
Dec
JEDA Names New Executive Director
Posted by: hhamam
Harry A. Huntley, CPA, has been named Executive Director of the South Carolina Jobs-Economic Development Authority (JEDA).
“Perhaps now more than ever, helping entrepreneurs gain access to capital is crucial to the economic development and financial well being of the State of South Carolina,” Huntley said.
Huntley had been the elected auditor of Richland County from 1989 to 2007. He also is executive director of Invest SC Inc., the designated investor group for the South Carolina Venture Capital Authority.
Huntley is a University of South Carolina graduate with a Bachelor of Science in Finance and a Masters in Business Administration, a certified public accountant and a married father of four children. Harry serves on the board of the South Carolina Junior Golf Foundation and the South Carolina Administrative and Regulatory Law Association.
In succeeding the late Elliott E. Franks, III, Huntley becomes only the second leader of JEDA since its creation in 1983. The organization serves to assist in the financing of South Carolina’s economic development projects by funding public & private partnership initiatives such as manufacturing, healthcare and non-profits. In addition, it is required that all JEDA-financed projects create new jobs or retain existing jobs in South Carolina, ultimately leading to creating a stronger, more vibrant economy statewide. JEDA is directed by a board comprised of representatives from each of South Carolina’s six congressional districts.
For more than 25 years, JEDA has promoted the business and economic welfare of South Carolina by assisting in the financing of public and private projects throughout the Palmetto State. JEDA serves as a statewide conduit issuer of special obligation revenue bonds and acts on behalf of the borrower to access financial markets and capital. Since its creation in 1983, JEDA has issued 400 bonds for over $6 billion in South Carolina’s economy, resulting in the creation of more than 25,000 new jobs.
For more information about JEDA, go to SCJEDA.com
10
Dec
Upstate SC Alliance Weighes in on Forbes Magazine report
Posted by: hhamam
The Upstate SC Alliance was interviewed by WSPA yesterday regarding the recent Forbes Magazine report citing its’ affordability.
The Greenville-Mauldin-Easley area came in at 20 on the list of 100 most affordable places in the country to buy and live. They call the list America’s Best Bang for the Buck Cities. The list takes into consideration housing affordability, travel time, real estate taxes, unemployment, home vacancies and foreclosures.
09
Dec
Forbes Ranks Greenville 20th in Best Bang for the Buck Cities
Posted by: hhamam
Forbes magazine ranked Greenville in the top 20 cities in the country of best places to live. Forbes cited a stable housing, low taxes, stable employment, and short commutes. Stuff we already know right?
This is a testament to the entire region and aids in demonstrating that this place is a great place for buisnesses and their workforce.
05
Dec
Clemson Economist See Slow Recovery in 2010
Posted by: hhamam
Clemson University economist Dr. Bruce Yandle forecasts more up and downs as a gradual recovery is in store to rebound from the recession in 2010.
To Read the Full Report, Click Here:
03
Dec
AVX Relocates Corporate Offices to Greenville, SC
Posted by: hhamam
AVX today reported plans to relocate its Corporate Offices to Greenville, South Carolina.
Certain Corporate functions supporting AVX’s global operations that currently operate from the Myrtle Beach facility, will be relocated to a newly acquired facility outside Greenville, South Carolina. The relocation process will be phased with certain functions moving during the next several months. Approximately 150 positions are expected to be affected.
The relocation of these Corporate functions will not affect the manufacturing operations which will remain in the Myrtle Beach and Conway facilities.
AVX (A Kyocera Group Co.) is a leading manufacturer and supplier of a broad line of passive electronic components and related products.
Please visit their website at www.avx.com.
02
Dec
November 2009 South Carolina Economic Outlook
Posted by: hhamam
The South Carolina Economic Outlook is a monthly publication of the South Carolina Department of Commerce’s Division of Research. It provides the latest news and indicators on the state’s economy and labor market.
Check it out…..
CLICK HERE to view the November 2009 South Carolina Economic Outlook.
CLICK HERE to read previous issues.
01
Dec
Upstate SC could be leader in Energy
Posted by: hhamam
Seems the Upstate SC Alliance is on to something….
Today in the GSA On-line edition in this article it discusses the recent visit by the US Energy Secretary to South Carolina and to CU-ICAR.
U.S. Energy Secretary Steven Chu said during a speech Monday at the Clemson University International Center for Automotive Research that South Carolina has the resources to be a leader in the development of alternative energy technologies, including nuclear power.
That is exactly the same conclusion the Upstate SC Alliance through its investigation on “what are the right industries to go after in the new economy” realized. Energy, automotive, advanced materials and biosciences are the new industries the Alliance will be targeting. There is a huge amount of potential for these industry sectors in the Upstate.
To learn more about the new targeted marketing effort of the Alliance, go to: http://www.upstatetargetstrategy.com/
01
Dec
Sage Automotive acquires Abbeville plant
Posted by: hhamam
After only four months in business, Sage Automotive Interiors announced today that it has acquired an additional manufacturing facility in Abbeville, S.C.
The plant, previously owned by Milliken & Co., was slated to be closed in mid-2009, but will now become the fifth North American manufacturing facility for Sage. The addition will add approximately 70 associates while significantly increasing internal weaving capability for future growth.
“Sage is happy to announce that we have acquired a new facility,” said Brian McSharry, COO of Sage Automotive Interiors. “It is another step in demonstrating Sage’s commitment to manufacturing in the Upstate of S.C. and to the excellent employees that have served the automotive industry for the last 50 years.”
Sage will continue to provide its clientele with automotive body cloth under its Yes Essentials and FXC brands, as well as other branded products.
Sage Automotive Interiors (www.sageautomotiveinteriors.com) is one of the world’s leading providers of automotive bodycloth—seating, door panel surfaces, and headliners—to Original Equipment Manufacturers (OEMs). Global offices and manufacturing locations include the U.S., Japan, China, Brazil, Korea and the Europe. Sage enjoys core strengths in consumer research, sustainability and innovative problem solving for the OEM. Sage’s vision is to be the market leader in design, engineering, and technical capability supported by world class manufacturing.
