SC Economic Development Landscape Off and Running in 2017

Less than one month into the New Year, manufacturing and business operations expansions are already surging in the Palmetto State. Last week alone, three companies announced their plans to bring additional business and capital investments to South Carolina, and one company celebrated its official groundbreaking.

Oxco moving to York County

Oxco Inc., a non-woven industrial fabrics company based in Charlotte since 1994, announced plans Thursday to move their factory across state lines to York County.  The plans include a 150,000–square-foot facility that will be expandable up to 200,000 square feet, located in Fort Mill’s Lakemont Business Park. The $13 million capital investment is expected to spark over 130 new jobs.

According to Oxco President C.T. Chu, “The attractive incentives offered by the county and state, and the convenient location with access to Interstate 77 for our employees, distributors and customers alike, made the move an easy decision.”

Lear expanding in Spartanburg County

Lear Corporation announced their expansion in Spartanburg County in order to accommodate its continued growth.  Lear plans to invest more than $7.7 million in new capital investment, adding new equipment and upgrading existing infrastructure.  The Fortune 500 Company is a leading global supplier of automotive seating with 240 locations in 36 countries worldwide.

Located in Duncan, SC, the plant’s expansion is intended to support the launch of automotive seating programs at Berkeley County’s Volvo Cars’ plant and Spartanburg County’s BMW plant.

Response Packaging expanding in Greenville

Another company that announced expanded operations this week is Response Packaging, headquartered in Piedmont.  Company officials are planning an expansion of their Greenville facility, that will bring $5 million in capital investment and create 100 new jobs. Response Packaging creates packaging solutions and custom packaging and shipping products, and has facilities in both the United States and Mexico.

MM Technics breaks ground in Newberry

This week also marked the groundbreaking of MM Technics’ $12.6 million metal stamping facility located in Newberry County. The 40,000-square-foot facility is planned to create 65 new jobs over the next few years.

With so much economic development activity blossoming already, we’re hopeful that 2017 will continue to elevate South Carolina into the highly sought-after home for industry leaders around the world.

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