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Over $1.2 billion invested in Upstate during 2016

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The Upstate had over $1.2 billion in new capital investment by businesses in 2016, according to data provided by the Upstate SC Alliance. The largest capital investment came from Japan-based Teijin Ltd. as they announced a $600 million investment and 220 new jobs in Greenwood County in mid-November.

In addition, there was $251.5 million of investment in existing operations, of which BASF Seneca had the largest. In June, the German company announced a capital investment of $60 million to add to its Oconee County manufacturing facility.

The data was preliminary as it contained announcements through Dec. 9.

John Lummus, president and CEO of Upstate SC Alliance, said all nine counties in the Upstate SC Alliance had capital investment announcements in 2016.

“2016 has been another great year in the Upstate for job creation, and this can be attributed to the teamwork that exists in our region between local and regional economic developers, the private sector and the S.C. Department of Commerce moving toward a common goal: improving the economy and creating jobs,” said John Lummus, president and CEO of Upstate SC Alliance, in an email.

Since 2011, the Upstate has had just over $11 billion in capital investment announced, creating over 30,000 new jobs. Since 2007, the Upstate region has had 51,789 new jobs created by 646 projects totaling $16.3 billion in capital investments. Of those announcements, 35.8% have come from international companies.

While the data from Upstate SC Alliance includes announcements made through Dec. 9, all final numbers will be reported in the first quarter of 2017. 

Reach Matthew Clark at 864-720-1222.

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