Upstate SC Alliance 2015 Mid-Year Report

2015 MID-YEAR REPORT

A MESSAGE FROM OUR PRESIDENT // JOHN LUMMUS The Upstate SC Alliance was founded on the idea that marketing and branding ourselves as a region makes us stronger and more competitive in the world of economic development. We believe that this approach allows all of our Upstate counties to gain exposure, capitalize on the strengths of surrounding areas, and have a better chance at recruiting new industry to our communities.

With a record-setting number of announcements in 2014 and a strong start in 2015, the Upstate is setting a solid pace for growth over the next several years. Our region’s acceptance

into the competitive Global Cities Initiative represents our commitment to becoming a leader in the global economy. As economic development trends evolve over time, it’s important for the Upstate to remain on the cutting edge. We are committed to staying at the forefront of economic development and ensuring our region is globally recognized, globally connected, and globally competitive.

As many of us repeat over and over, economic development is a team sport.

The announcements and success we have experienced represent countless

MID-YEAR HIGHLIGHTS GLOBAL CITIES UPDATE

days, months, and sometimes even years of teamwork between our local economic development offices, the SC Department of Commerce, and our private sector investors. We are honored to work with and for such a talented group of professionals who can work together to achieve continued growth for our region. We are grateful for the support of our team of investors and partners who help us fulfill our mission of bringing the Upstate to the world and the world to the Upstate.

The Upstate SC Alliance’s work with the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase, continues to be a priority focus for the organization. Launched in 2012, the Global Cities Initiative helps business and civic leaders grow their metropolitan economies by strengthening international connections and competitiveness.

The Upstate SC Regional Export Plan was formally launched at the Alliance’s annual meeting on March 11, marking the transition from plan development to plan implementation which will be completed over the next three years. The plan lays out strategies and tactics designed to link regional strengths developed over decades of strong international recruitment to the needs of both established and emerging domestic enterprises to help them become globally nimble companies, the next generation of Upstate headquartered multi-national corporations.

Recognizing that the Upstate’s

It’s true now more than ever,

“Business moves here.”

MID-YEAR FUNDRAISING MILESTONES 146

INVESTORS total private and public

132

14

PRIVATE sector investors

INVESTOR SUMMARY // Chairman’s Circle

3

// Board

48

// Honorary Board

2

// Partner

1

// Advocate

4

// Sponsor

22

// Friend

66

10

PUBLIC sector investors

NEW investors

NEW INVESTORS 41%

28%

// Goodwyn, Mills, Cawood // Greenville Downtown Airport (GMU)

Private Sector

28%

3%

// HRP Associates

other

// Human Technologies, Inc. // PWC // Redwood Living

// Windstream

Actual Income Through 6/30/15

2015 Projected Income

Percent to Projected

2014 Actual Income

$650,552.65

$1,401,751.00

49.41%

$1,333,256.50

$26,280.99

$53,679.84

48.96%

$141,847.18

States Funds Applied to Budget

$207,445.30

$575,000.00

36.08%

$409,092.77

Total Revenues

$926,278.94

$2,030,430.84

45.62%

$1,884,195.77

Expenses Through 6/30/15

2015 Approved Budget

Percent to Budgeted

2014 Actual Expenses

2015 Investor Revenue Sponsorships / Grants / Other Revenue

EXPENSE SUMMARY Total Operational Expense

$273,547.67

$595,753.90

45.92%

$488,049.84

Total Program & Service Expense

$562,101.94

$1,364,676.94

41.19%

$1,159,678.70

Total Fundraising Expense Total Expenses

Micro City of the Future in North & South America FDi Intenllegence (Greenville, SC)

future prosperity and competitiveness is tied strongly to its global connectivity, the Upstate SC Alliance also won acceptance into the 2015 group of metropolitan regions that will develop their Foreign Direct Investment (FDI) plans over the next several months.

The Alliance kicked off the FDI planning process with a visit from Brad McDearman and Ryan Donohue from the Brookings team who discussed current FDI trends and highlighted key themes and findings from the FDI pilot cohort at the Q2 Board Meeting. Plan development working sessions with partner organizations and stakeholders will take place through the fall with a target for FDI Plan launch set for early 2016.

1 #1 #

Southeastern State for Export Growth (State of SC)

Top U.S. Economic Development Groups Site Selection Magazine

(Spartanburg Economic Futures Group & Oconee Economic Alliance)

1 #2 #

Best Place to Live Livability.com

(Greenville, SC)

Micro City for Business Friendliness FDi Intenllegence (Greenville, SC)

#

7

Of 10 Best Places to Visit in the U.S. Lonely Planet

(Greenville, SC)

DATE(S)

LOCATION

TARGET(S)

CONTACT

Charlotte COI Mission

Aug. 25

Charlotte, NC

Site Consultants/COIs

Jacob Hickman

IAA & 40th Anniversary Mission

Sept. 10-18

Sweden & Germany

All Sectors

John Lummus

United Kingdom NW Mission

Sept. 21-25

NW United Kingdom

Industrial Manufacturing

Jacob Hickman

IAMC Fall Forum

Sept. 26-30

Cleveland, OH

COIs

Aimee Redick

Toronto Mini Mission

Oct. 5-7

Toronto, ON

All Sectors

Jacob Hickman

Spain Mission

Oct. 19-23

Spain/Ireland

All Sectors

Aimee Redick

AirTec International Aerospace Supply Fair

Nov. 3-5

Frankfurt, Germany

Aerospace

Jacob Hickman

OESA Annual Outlook/Detroit Mission

Nov. 10

Detroit, MI

Automotive

Aimee Redick

SEUS Japan

Nov. 14-16

Birmingham, AL

All Sectors

TBD

PLMA Private Label Show

Nov. 15-17

Chicago, IL

Agribusiness/Food

Jacob Hickman

SCAC/OESA Joint Meeting

Aug. 27

Greenville, SC

Automotive

Aimee Redick

SC Aerospace Industry Event

Aug. 26-27

Columbia, SC

Aerospace

Jacob Hickman

Upstate Consultant Event

Oct. 7-9

Upstate SC

COIs

Aimee Redick

Outbound Events

// Triangle Construction Co.

INCOME SUMMARY

1

MAJOR MARKETING & BUSINESS RECRUITMENT CALENDAR PROPOSED EVENT

// Sage Automotive

MID-YEAR BUDGET

#

// Chase Bank

Public Sector

State Funding

RECENT RANKINGS & RECOGNITION

$22,992.10

$70,000.00

32.85%

$55,734.00

$858,641.71

$2,030,430.84

42.29%

$1,703,462.42

Inbound Events

UK Delegation in the Upstate

Oct. 19-23

Upstate SC

UK Companies

Jacob Hickman

SCBIO

Nov. 5-6

Charleston, SC

BIO

Jacob Hickman

A MESSAGE FROM OUR PRESIDENT // JOHN LUMMUS The Upstate SC Alliance was founded on the idea that marketing and branding ourselves as a region makes us stronger and more competitive in the world of economic development. We believe that this approach allows all of our Upstate counties to gain exposure, capitalize on the strengths of surrounding areas, and have a better chance at recruiting new industry to our communities.

With a record-setting number of announcements in 2014 and a strong start in 2015, the Upstate is setting a solid pace for growth over the next several years. Our region’s acceptance

into the competitive Global Cities Initiative represents our commitment to becoming a leader in the global economy. As economic development trends evolve over time, it’s important for the Upstate to remain on the cutting edge. We are committed to staying at the forefront of economic development and ensuring our region is globally recognized, globally connected, and globally competitive.

As many of us repeat over and over, economic development is a team sport.

The announcements and success we have experienced represent countless

MID-YEAR HIGHLIGHTS GLOBAL CITIES UPDATE

days, months, and sometimes even years of teamwork between our local economic development offices, the SC Department of Commerce, and our private sector investors. We are honored to work with and for such a talented group of professionals who can work together to achieve continued growth for our region. We are grateful for the support of our team of investors and partners who help us fulfill our mission of bringing the Upstate to the world and the world to the Upstate.

The Upstate SC Alliance’s work with the Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase, continues to be a priority focus for the organization. Launched in 2012, the Global Cities Initiative helps business and civic leaders grow their metropolitan economies by strengthening international connections and competitiveness.

The Upstate SC Regional Export Plan was formally launched at the Alliance’s annual meeting on March 11, marking the transition from plan development to plan implementation which will be completed over the next three years. The plan lays out strategies and tactics designed to link regional strengths developed over decades of strong international recruitment to the needs of both established and emerging domestic enterprises to help them become globally nimble companies, the next generation of Upstate headquartered multi-national corporations.

Recognizing that the Upstate’s

It’s true now more than ever,

“Business moves here.”

MID-YEAR FUNDRAISING MILESTONES 146

INVESTORS total private and public

132

14

PRIVATE sector investors

INVESTOR SUMMARY // Chairman’s Circle

3

// Board

48

// Honorary Board

2

// Partner

1

// Advocate

4

// Sponsor

22

// Friend

66

10

PUBLIC sector investors

NEW investors

NEW INVESTORS 41%

28%

// Goodwyn, Mills, Cawood // Greenville Downtown Airport (GMU)

Private Sector

28%

3%

// HRP Associates

other

// Human Technologies, Inc. // PWC // Redwood Living

// Windstream

Actual Income Through 6/30/15

2015 Projected Income

Percent to Projected

2014 Actual Income

$650,552.65

$1,401,751.00

49.41%

$1,333,256.50

$26,280.99

$53,679.84

48.96%

$141,847.18

States Funds Applied to Budget

$207,445.30

$575,000.00

36.08%

$409,092.77

Total Revenues

$926,278.94

$2,030,430.84

45.62%

$1,884,195.77

Expenses Through 6/30/15

2015 Approved Budget

Percent to Budgeted

2014 Actual Expenses

2015 Investor Revenue Sponsorships / Grants / Other Revenue

EXPENSE SUMMARY Total Operational Expense

$273,547.67

$595,753.90

45.92%

$488,049.84

Total Program & Service Expense

$562,101.94

$1,364,676.94

41.19%

$1,159,678.70

Total Fundraising Expense Total Expenses

Micro City of the Future in North & South America FDi Intenllegence (Greenville, SC)

future prosperity and competitiveness is tied strongly to its global connectivity, the Upstate SC Alliance also won acceptance into the 2015 group of metropolitan regions that will develop their Foreign Direct Investment (FDI) plans over the next several months.

The Alliance kicked off the FDI planning process with a visit from Brad McDearman and Ryan Donohue from the Brookings team who discussed current FDI trends and highlighted key themes and findings from the FDI pilot cohort at the Q2 Board Meeting. Plan development working sessions with partner organizations and stakeholders will take place through the fall with a target for FDI Plan launch set for early 2016.

1 #1 #

Southeastern State for Export Growth (State of SC)

Top U.S. Economic Development Groups Site Selection Magazine

(Spartanburg Economic Futures Group & Oconee Economic Alliance)

1 #2 #

Best Place to Live Livability.com

(Greenville, SC)

Micro City for Business Friendliness FDi Intenllegence (Greenville, SC)

#

7

Of 10 Best Places to Visit in the U.S. Lonely Planet

(Greenville, SC)

DATE(S)

LOCATION

TARGET(S)

CONTACT

Charlotte COI Mission

Aug. 25

Charlotte, NC

Site Consultants/COIs

Jacob Hickman

IAA & 40th Anniversary Mission

Sept. 10-18

Sweden & Germany

All Sectors

John Lummus

United Kingdom NW Mission

Sept. 21-25

NW United Kingdom

Industrial Manufacturing

Jacob Hickman

IAMC Fall Forum

Sept. 26-30

Cleveland, OH

COIs

Aimee Redick

Toronto Mini Mission

Oct. 5-7

Toronto, ON

All Sectors

Jacob Hickman

Spain Mission

Oct. 19-23

Spain/Ireland

All Sectors

Aimee Redick

AirTec International Aerospace Supply Fair

Nov. 3-5

Frankfurt, Germany

Aerospace

Jacob Hickman

OESA Annual Outlook/Detroit Mission

Nov. 10

Detroit, MI

Automotive

Aimee Redick

SEUS Japan

Nov. 14-16

Birmingham, AL

All Sectors

TBD

PLMA Private Label Show

Nov. 15-17

Chicago, IL

Agribusiness/Food

Jacob Hickman

SCAC/OESA Joint Meeting

Aug. 27

Greenville, SC

Automotive

Aimee Redick

SC Aerospace Industry Event

Aug. 26-27

Columbia, SC

Aerospace

Jacob Hickman

Upstate Consultant Event

Oct. 7-9

Upstate SC

COIs

Aimee Redick

Outbound Events

// Triangle Construction Co.

INCOME SUMMARY

1

MAJOR MARKETING & BUSINESS RECRUITMENT CALENDAR PROPOSED EVENT

// Sage Automotive

MID-YEAR BUDGET

#

// Chase Bank

Public Sector

State Funding

RECENT RANKINGS & RECOGNITION

$22,992.10

$70,000.00

32.85%

$55,734.00

$858,641.71

$2,030,430.84

42.29%

$1,703,462.42

Inbound Events

UK Delegation in the Upstate

Oct. 19-23

Upstate SC

UK Companies

Jacob Hickman

SCBIO

Nov. 5-6

Charleston, SC

BIO

Jacob Hickman

2015 YTD ANNOUNCED CAPITAL INVESTMENT & JOB CREATION

$

455,030,000 2,706 25

JOBS CREATED COMPANIES 13 NEW // 12 EXISTING

PRESENTATIONS

RFIs

VISITS

presentations made to external market audiences about the Upstate

formal prospect information requests issued to economic development teams

visits by companies and centers of influence to the Upstate

390 2014 141 2015

IN 64 TOTAL 2014 32 YTD 2015

94 36

TOTAL IN YTD

NEW & EXPANDING COMPANIES // // // // // // // // // // // // // // // // // // // // // // // // //

CAPITAL INVESTMENT

3S International Corporation BorgWarner Inc. CareCam Health systems CH2M Coca-Cola Cott Beverages Dollar Tree EuWe Eugen Wexler US Plastics Inc. ITECH South ITT Corporation King Automation Kobelco Construction Machinery USA Inc. MAIREC Marleylilly Moderna Products O’Neal Inc. Pantex Americas Inc. PecTec Corporation Polydeck Screen Corporation Rite Aid Corporation Schaffler Group USA SYNNEX Corporation Techtronic Industries NA (TTI) U.S. Building Innovation, Inc. Vapor Apparel

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TOTAL IN 2014 YTD 2015

2015 PIPELINE YTD Pipeline by Target Industry Type

Automotive & Transport Advanced Materials Bioscience & Healthcare Aerospace & Defense Energy & Utilities Industrial Manufacturing Business Services Other

112 108 77 71 46 45 35 60

COUNTRIES OF INTEREST

Top 6 Countries by Active Contacts in Pipeline

USA Canada Ireland Germany United Kingdom Spain

213 67 55 48 37 25