S.C. outpacing larger neighbors in bank growth

Entegra Bank, based in North Carolina, expanded to the Upstate in 2015 and is one of five large out-of-state banks that has come to South Carolina since 2013. (Photo by Bill Poovey)S.C. Bankers Association President Fred Green said South Carolina’s economy has nurtured bank growth and has attracted at least five large out-of-state banks since 2013. United Community Bank, Entegra Bank and JP Morgan Chase Bank have opened in Greenville, and First Tennessee Bank and ServisFirst Bank have opened in the Charleston area. 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)

AVX reports dip in sales for fiscal year

An Upstate-based manufacturer of passive electronic components reported a slight dip in sales for its fiscal year. AVX Corp., headquartered in Fountain Inn, reported net sales of $1.1 billion for its fiscal year ended March 31, down from $1.3 billion in 2015. Net income fell to $123 million from $212 million in the prior fiscal year. Read More...

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...


400 jobs in S.C. to be lost as Caterpillar closes 2 facilities

Closures of plants in Newberry and Ridgeway are part of ongoing nationwide cost reductions. The five recently announced closures, eliminating about 820 jobs, bring totals since Sept. 24 to about 20 facilities shuttered and 5,300 positions eliminated. 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...