Recent News
ZF sees growth in North American market
ZF’s North American sales grew by 46% in 2011, and by another 46% in the first quarter of 2012 compared to the same quarter in 2011.
The automotive supplier recently built a new transmissions facility in Laurens County. ZF reported $15.5 billion in 2011 sales worldwide, a 20% increase over 2010 and a company record. Two-thirds of these sales were achieved in the U.S.
+ Continue ReadingAnderson outdoor business to expand
Grady’s Great Outdoors of Anderson will expand into a 26,000-square-foot facility.
The new facility, which is currently under construction, will include retail space, office space, a full-service bike shop and new departments, such as cycling, camping, survival gear, long boards and disc golf.
+ Continue ReadingS.C. moves up state business rankings
South Carolina moved up a spot to No. 7 on Chief Executive magazine’s list of the best states in which to do business.
The Top 5
1. Texas
2. Florida
3. North Carolina
4. Tennessee
5. Indiana
The Bottom 5
50. California
49. New York
48. Illinois
47. Massachusetts
46. Michigan
The magazine released today its eighth annual survey of “CEO opinion of Best and Worst States in which to do business.” Texas ranked No. 1 and California ranked No. 50, rankings that have remained the same for eight consecutive years.
+ Continue ReadingProSource Supply opens in Anderson
ProSource Supply, a plumbing and hardware supply house, prepares to open a 15,000-square-foot facility in Anderson.
ProSource also has locations in Greenville, Spartanburg and Hendersonville, N.C.
+ Continue ReadingFirst Federal gets Upstate footprint
First Financial Holdings Inc. stepped foot into the Upstate market Friday with the acquisition of Plantation Federal Bank, which operates in Greenville as First Savers Bank.
First Savers and Plantation Federal, both of which were owned by Plantation Financial Corp. of Myrtle Beach, were closed and sold Friday by federal regulators to First Financial Holdings of Charleston.
+ Continue ReadingGreenville firm consolidating headquarters, adding 40 jobs
The safety engineering and automation solutions provider aeSolutions said today it will consolidate multiple Upstate facilities into one corporate headquarters in Greenville, according to an announcement from the S.C. Department of Commerce and Greenville Area Development Corp.
The consolidation is expected to create 40 jobs and a $2 million investment. The Greenville company currently employees 140 people.
+ Continue ReadingNation Ford Chemical to expand in York County, hire 16
Nation Ford Chemical, a custom manufacturer of specialty organic chemicals, today announced expansion plans for its current operations in York County.
The $5.5 million investment is expected to generate 16 new jobs.
+ Continue ReadingCompetition Among Banks Heating Up for CRE Lending
While a host of banks are still working through mounds of distressed commercial real estate assets, a number have decided the time is right to jump back in. Those banks that are lending again see lower risk owner-occupied properties and multifamily properties as preferred targets. But with lenders focusing on the same ‘safe shelter’ property sectors, it is creating widespread competition for the better-quality borrowers in those areas.
The real battle ground may be next year from the coming opportunities in construction and development lending - the one area that more than any other brought down a significant number of banks when the subprime housing loan market collapsed and drove the world economies into a Great Recession.
+ Continue ReadingAuto supplier to expand in Greenville County
JTEKT Automotive South Carolina Inc. will invest $102 million and add 80 jobs as it expands its footprint within The Matrix industrial park in Piedmont, the S.C. Department of Commerce and Greenville Area Development Corp. announced today.
+ Continue Reading