Attorney general: GHS not subject to legislative audit

Greenville Memorial Medical Center Campus. (File photo) An S.C. attorney general’s opinion has possibly curbed a request by some Greenville area legislators for a state audit of the Greenville Health System, saying GHS is “not a state agency or instrumentality.” Ten of the Greenville County legislative delegation’s 22 members have requested the audit in response to questions about use of some donations by the state’s largest nonprofit health care system. Read More...

GSA Business Report's Power Event Series focuses on topics of interest to the Upstate business community. Watch our series video clips from our most recent events:


  • Downtown Greenville Still Booming! - Panelists at our October event described changes to downtown Greenville's landscape, including the impending transformation of The Greenville News site and the opening of the ALOFT Hotel.  Greenville's Deputy City Manager provided insights on future growth.   (October 22, 2015) 
  • Automotive Innovation in the Upstate - Panelists at our February event discussed big changes coming to the automotive industry and the potential for the Upstate to serve as an automotive R&D center.   (February 24, 2016)

Span-America Medical Systems inks Australia distribution deal

Following a report indicating weaker earnings, Span-America Medical Systems Inc. announced a deal to distribute its products in Australia. The deal is with Alphacare, a supplier of health care and rehabilitation equipment in Australia. Read More...

Fire sprinkler firm to invest $23.1M, add 100 jobs in Liberty

A company that manufactures automatic fire sprinklers announced its plans to expand operations in Liberty. Reliable Automatic Sprinkler Co. said it will invest $23.1 million in the expansion, which will add 100 jobs at the facility. Read More...

DOT selects Fluor-Lane joint venture to build Port Access Road

Bird’s eye view of the proposed Port Access Road project. (Image provided by S.C. Department of Transportation)The S.C. Department of Transportation has selected Fluor-Lane South Carolina, a joint venture of Fluor Corp. and The Lane Construction Corp., to design and build the new Port Access Road in North Charleston. The road will connect Interstate 26 and the planned Hugh K. Leatherman Sr. Terminal, which is in the early stages of construction on the former Navy base.  Read More...

Southern First sees rise in Q1 net income

Greenville-based Southern First Bancshares reported an increase in its net income available to shareholders, core deposits, gross loans and total revenue for its first quarter. The company said its core deposits gained ground in Greenville and Charleston but had a slight decline in Columbia. Read More...


GrandSouth net income drops in Q1

Greenville-based GrandSouth Bancorporation has reported $1.51 million in net income for the first quarter of 2016. This is a decrease from the $1.79 million the company reported during the same time last year. Read More...

Charleston-based CresCom Bank’s net income up 38% in first quarter

CresCom Bank’s net income totaled $3.4 million in the first quarter. (Photo/Provided)Charleston-based CresCom Bank’s net income totaled $3.413 million for the three-month period ending March 31, which is about $940,000 more than the first quarter of 2015. The bank’s focus on commercial lending and residential mortgage lending prompted loans receivable to grow from $922.7 million on Dec. 31 to $964 million on March 31.  Read More...