ANNUAL REPORT 2022
An Electrifying Year
Mission
To establish Upstate South Carolina as a unified and innovative economic region; market the Upstate for global business investment and talent attraction; foster public-private collaboration and regional relationships; and move ideas into action.
Vision
A 10-county Upstate SC region where business thrives, and people can prosper through access to a diverse array of career opportunities.
Strategic Plan, COI Engagement, RFIs mark 2022 accomplishments
You might say 2022 was an electrifying year for Upstate economic development, as shown by the $3.94 billion in new capital investment announced by 68 projects, with 6,476 new jobs to be created.
Each of the 10 Upstate counties had an announcement, and we saw a balance of new companies and expansions from existing employers.
One sign of the times: electric vehicles and alternative fuels were a strong driver in our capital investments. BMW announced $1.7 billion for production of electric vehicles and battery assembly. Dash EV, a producer of 100% electric and solar charged vehicles for carsharing, brought its headquarters to the Upstate. And Bosch announced a $200 million expansion to support hydrogen fuel cell production.
Projects that leverage innovation and emerging technologies are key to the Upstate’s future – as noted in the strategic plan that we launched in 2022.
More than 50 public and private investors and industry partners helped to shape the plan, which takes six emerging megatrends into account to guide our 2023-2028 program of work. The plan’s pillars are a strong endorsement for the direction our team has been headed as we’ve ramped up engagement with Centers of Influence (COIs) and grown our talent attraction efforts.
In 2022, we leveled up our COI engagement, welcoming 63 visiting COIs to the region and connecting them with 422 investors in the process.
Investors had access to 66 events, including a full year of the fan favorite “Small Group Gatherings.” We offered tours of educational assets like Roper Mountain Science Center and the University of South Carolina School of Medicine Greenville.
And, on the talent front, we reached new audiences in nearby markets with our Move Up talent attraction efforts in addition to showcasing technical training opportunities through Skill Up.
We accomplished all these while responding to a smash hit number of RFIs – 80, double the number from 2021 – and while moving to a new office.
Please read on for more 2022 highlights and our vision for the next five years.
These accomplishments are made possible through partnership with the more than 200 investors we call #TeamUpstate. As we say, “We can’t do it without you.”
Sincerely,
John Lummus President & CEO Upstate SC Alliance
A STRATEGIC VISION
2023-2028 Program Years
Trend 1
Post-pandemic communications are fundamentally altered.
Trend 2
Industry 4.0 is changing the nature of manufacturing and industrial services.
Trend 3
Environmental, Social & Governance and Diversity, Equity & Inclusion rise in prominence.
Trend 4
Workforce and talent are critical site location factors.
Trend 5
Growth creates pressure throughout the region.
Trend 6
Change is a constant in global markets that influences decisions about global value chains.
UPSTATE ALLIANCE PROGRAM PILLARS
Showcasing the Upstate’s value proposition
Doubling down on data-driven lead generation
Recruiting both companies and talent to the region
Promoting the Upstate as a talent and career destination
Championing an economic development and businessfriendly environment
BUSINESS RECRUITMENT
Top Countries of Interest by the numbers
EXTERNAL ENGAGEMENT
PRESENTATIONS VISITS RFIs
Presentations made by Upstate SC Alliance to prospect companies and Centers of Influence (COI)*
Prospect company or Centers of Influence (COI)* visits to the region hosted by the Upstate SC Alliance
Requests for Information (RFIs) received from prospect companies and shared with local economic development teams
Measured by active contacts in pipeline *Centers of Influence (COIs) = Site consultants, international business and trade organizations, real estate brokers and developers 400 350 300 250 200 150 100 50 0 99 27 30 29 40 80 100 34 54 99 394 361 156 342 332 2018 2019 2020 2021 2022
2022 PIPELINE
Engineered Materials Automotive & Transport Industrial Manufacturing Aerospace & Defense Life Sciences Other Food Production Business Services Energy & Utilities Robotics/Process/Automation TOTAL 280 267 199 153 153 148 101 99 74 21 1,495 USA 432 UK 109 GERMANY 99 CANADA 94 ITALY 68 SPAIN 54
2022 NEW COMPANY ANNOUNCEMENTS UPSTATE PROJECTS
COUNTY
Spartanburg
Greenville
Union
Spartanburg
Anderson
Greenville
Greenwood
Spartanburg
Greenville
Oconee
Laurens
Spartanburg
Laurens
Spartanburg
Laurens
Laurens
Anderson
Spartanburg
Laurens
Greenville
Cherokee
Oconee
Abbeville
Spartanburg
Greenville
Cherokee Greenville
COMPANY
by capital investment at
Greenidge Generation Holdings, Inc.
Health Supply US dba Glove One
MycoWorks
Visual Comfort & Co.
FedEx Ground Package Systems, Inc.
Volvo Car USA
E.A. Sween Company
Takeuchi-US
Trane Technologies’ Thermo King
Impact Housing Group
Motor City Racks
PODS Carolina Realty, LLC & PODS Enterprises, LLC
Europastry
Volvo Car USA
Shamrock Technologies, Inc.
Blue Diamond Industries
Third Stage Capital US-Piedmont I, LLC
& Latitude Applied Technologies, LLC
Blue Ridge Data Mining, LLC
Sunny Days Entertainment, LLC
First Source Worldwide
Somnus Mattress International, LLC
CurTec
Aerofoam USA
VPET USA, LLC
Responsive Industries
Niagara Pharmaceuticals
Kostwein
Flybar, Inc.
Volvo Car USA
Winar Connection, Inc.
EPC Power
Boysen USA
ACI Plastics
Purpose Financial
Argo AI
Spartanburg Newair, Inc.
a glance
68
43%
57%
$3.9B
projects foreign-owned companies domestic companies new jobs
in capital investment ANNOUNCEMENTS
See all recent
Greenwood Anderson
Pickens Greenville Greenville
Spartanburg Greenville Spartanburg
Spartanburg Greenville Greenville
EMUS Dash EV
$265,000,000 $150,000,000 $107,000,000 $62,000,000 $45,343,000 $42,600,000 $38,000,000 $37,000,000 $30,000,000 $30,000,000 $26,000,000 $23,000,000 $23,000,000 $20,000,000 $19,400,000 $18,000,000 $18,000,000 $18,000,000 $16,000,000 $15,750,000 $13,000,000 $13,000,000 $11,500,000 $10,800,000 $10,000,000 $9,000,000 $8,500,000 $8,000,000 $5,618,000 $5,000,000 $5,000,000 $4,500,000 $4,000,000 $2,680,000 $2,600,000 $2,200,000 JOBS 40 600 400 125 12 300 142 220 215 88 82 155 18 90 37 4 80 45 55 32 50 40 10 45 95 36 50 150 88 21 332 40 36 10
CAPEX
6,476
2022 EXISTING COMPANY ANNOUNCEMENTS
by capital investment
COUNTY
Spartanburg
Spartanburg
Anderson
Spartanburg
Greenwood
Greenville
Laurens
Spartanburg
Spartanburg
Spartanburg
Greenville
Cherokee
Greenville
Laurens
Cherokee
Cherokee
Greenville
Spartanburg
Greenville
Spartanburg
Spartanburg
Spartanburg
Greenville
Anderson
Greenville
Greenville
Greenville
Anderson
Greenwood
Greenville
Five Year Total
COMPANY
BMW Manufacturing Corp.
BMW Manufacturing Corp.
Robert Bosch
TTI Floor Care North America, Inc.
Symrise Pet Food
Diversified Medical Healthcare (DMH)
Yanfeng Automotive
TC Transcontinental Packaging
Ingram Micro
Highland Baking Co.
Fuyao Glass America
Milliken & Company
Dodge Mechanical Power Transmission
Volvo
Bericap
Sticker Mule
Greif
Celanese Corp
Paxton Access
MOCOM Compounds Corp.
Roechling Automotive USA
Magna Steyr Fuel Systems USA, LLC
Marley Lily
Kelley Engineering
General Electric
Ahold Delhaize
Essential Cabinetry Group
Lollis Metals Fabrication, Inc.
Mumford Industries, Inc.
Stomagienics
$1.29B 4,259 JOBS 65 projects 28 international $1.28B 4,577 JOBS 91 projects 32 international $1.25B 3,017 JOBS 57 projects 26 international $2.47B 8,745 JOBS 85 projects 26 international $3.94B 6,476 JOBS 68 projects 29 international 2021 2022 4.0B 5.0B 6.0B 7,000 8,000 3.0B 6,000 2.0B 5,000 1.0B 4,000 3,000 CAPITAL
JOBS $10.3B
announced
INVESTMENT
27,234 in new capital investment new jobs
INVESTMENT $1,700,000,000 $200,000,000 $200,000,000 $200,000,000 $65,500,000 $51,000,000 $49,650,000 $47,000,000 $37,000,000 $35,000,000 $34,500,000 $27,400,000 $25,000,000 $21,000,000 $19,700,000 $18,000,000 $13,000,000 $13,000,000 $10,000,000 $10,000,000 $10,000,000 $9,000,000 $7,500,000 $6,000,000 $5,000,000 $5,000,000 $4,750,000 $3,825,000 $2,000,000 JOBS 300 200 350 470 65 185 58 203 80 121 75 50 1 1 78 80 187 156 10 33 30
CAPITAL
2020 2019 2018
GLOBAL ENGAGEMENT HIGHLIGHTS
INTERNATIONAL REPRESENTATIVES VISIT THE REGION
Over two days in the spring, the Upstate Alliance welcomed 19 visitors, made up of Consuls General, Honorary Consuls, bilateral chamber directors, and trade representatives, from 13 countries. They journeyed through the Upstate with a mix of activities, tours and meeting opportunities that showcased our transportation and logistics infrastructure and top-notch workforce development capabilities.
SITE CONSULTANTS EXPERIENCE THE UPSTATE
Through a combination of curated familiarization tours plus individual visits, several site selection consultants visited the Upstate to learn how our region meets industry needs. The spring event showcased Clemson’s corporate engagement activities, the Keurig Dr Pepper story with Spartanburg Community College’s Spark Center SC, and speed rounds with Local Economic Developers. In the fall, Pickens County was on display, with a tour of the TaylorMade Golf Ball Factory and the Pickens County Career & Technology Center. We also supported Maxis Advisors for a planning retreat and hosted a reception when their parent company, Foundry, returned in the summer.
SC COMMERCE INTERNATIONAL OFFICES GATHER
During their first visit to the Palmetto State following the pandemic, 12 representatives from Commerce’s five global offices – Europe, India, South Korea, Taiwan and Japan – lunched with the Upstate’s Local Economic Developers in Spartanburg, saw BMW’s production in action with a plant tour, took a windshield tour of downtown Greenville, and were welcomed with a private dinner at Pangaea Brewing.
WELSH DELEGATION EXPLORES DOING BUSINESS IN UPSTATE
Leaders from nine Welsh companies made Upstate connections and learned what it means to do business here while on an exploratory visit to the Carolinas. We treated these delegates to an Upstate overview and reception with Team Upstate investors to show the breadth and depth of our business support services. 63 8 422 visiting COIs curated COI experiences public & private investors engaged
Not just blowing smoke, but really the best fam tour that I’ve experienced. The right blend of engagement, fun, and insight! Keep up the good work!”
DALLAS-BASED SITE CONSULTANT VISITOR*Centers of Influence (COIs) = Site consultants, international business and trade organizations, real estate brokers and developers CONNECTIONS at a glance
CONNECTING WITH TALENT
Talent availability remains the top driver in business location decisions, with the 2022 Site Selectors Survey characterizing the issue as, “no workforce, no deal.” That’s why we’ve incorporated connecting employers and talent into our mission: Move Up markets the Upstate as a leading talent location to non-residents and local students alike; and Skill Up showcases in-demand technical training pathways and opportunities.
Does your Human Resources team know how the Move Up + Skill Up brands can help?
37 presentations given to 248 employer representatives & other multipliers*
*Professional associations, economic mobility nonprofits, etc.
Move Up
VIEW WEBSITE
Upstarters
MEET UPSTARTERS
82,580
53,070
4,067 website visitors job views social media followers
4,887 1.7M cost of living calculations social media engagements
Prior to moving to Greenville, I had only visited a few times before. After my first trip here, I knew it would be a great place to land.
Jehan Wills SENIOR MARKETING MANAGER MCMILLAN PAZDAN SMITH
Skill Up
4 30+ new Upstarter stories career counselors engaged
VIEW WEBSITE
3,459 highlighted occupations Skill Up program clicks
15
57,079
7M job postings
billboard campaign impressions
annually
2022 INVESTOR RELATIONS HIGHLIGHTS
PUBLIC & PRIVATE LEADERS SHAPE STRATEGIC PLAN
During interactive sessions, more than 50 public and private leaders shared their expertise on macroeconomic trends, ESG, talent, and the Upstate’s industrial character to inform our 2023-2028 Strategic Plan, launched in October 2022.
ACTIVITY at a glance
194
SMALL GROUP GATHERINGS FOSTER CONNECTIONS
Investors made new connections and caught up with members of the Upstate Alliance team by attending our Small Group Gatherings. We name a time, date and location, and up to 12 investors join us on a first-come, first-served basis.
37 Small Group Gatherings
349 Registrations
COFFEE & CONVERSATION OFFERS ACCESS
Three of the Upstate’s workforce development gems – the University of South Carolina School of Medicine Greenville, Roper Mountain Science Center, and Greenville Technical College’s Student Success Center – rolled out the red carpet for investors, offering tours and insights, as we took our annual speaker series offsite in 2022.
19
25
266
private investors public investors new investors events
66
2,654
research requests fulfilled (public, private, industry partners & media) registrations
CURRENT INVESTORS
BECOMING AN INVESTOR
INVESTOR
FINANCIAL OVERVIEW 2022
LIABILITIES & CAPITAL FINANCIAL SUMMARY & HISTORICAL ANALYSIS Total Current Assets $3,455,752.43 Total Property & Equipment $145,366.20 TOTAL ASSETS $3,601,118.63 Total Current Liabilities $1,034,957.64 Total Long-Term Liabilities $597,275.57 TOTAL LIABILITIES $1,632,233.21 TOTAL CAPITAL $1,968,885.42 Beginning Unrestricted Net Assets $1,918,611.68 Change in Net Assets $50,273.74 TOTAL LIABILITIES & CAPITAL $3,601,118.63 TOTAL LIABILITIES & CAPITAL $3,601,118.63 TOTAL ASSETS $3,601,118.63 TOTAL PROPERTY & EQUIPMENT TOTAL CAPITAL TOTAL CURRENT ASSETS TOTAL LIABILITIES 54% 96% 4% 46% REVENUE 2022 ACTUAL 2022 BUDGET 2021 ACTUAL 2020 ACTUAL EXPENSES 2022 ACTUAL 2022 BUDGET 2021 ACTUAL 2020 ACTUAL Investor Revenue Sponsorships/Grants/Other Revenue State Funds Applied to Budget $1,877,530.79 $1,738,302.22 $1,795,105.52 $1,727,424.06 $167,420.84 $183,000.00 $335,145.60 $113,462.40 $1,063,463.93 $1,509,880.67 $864,822.85 $683,659.76 TOTAL REVENUE $3,108,415.56 $3,431,182.89 $2,995,073.97 $2,524,546.22 Total Operational Expense** Total Program and Service Expense Total Fundraising Expense $711,717.80 $633,350.01 $637,073.72 $724,521.23 $2,175,050.85 $2,625,332.88 $1,962,905.68 $1,582,279.30 $171,373.17 $172,500.00 $118,074.05 $115,563.76 TOTAL EXPENSES $3,058,141.82 $3,431,182.89 $2,718,053.45 $2,422,364.29 2022 ACTUAL 2021 ACTUAL 2022 BUDGET 2020 ACTUAL TOTAL REVENUE TOTAL REVENUE TOTAL REVENUE TOTAL REVENUE TOTAL EXPENSES TOTAL EXPENSES TOTAL EXPENSES TOTAL EXPENSES **Must add depreciation amount to get true number $2,995,073.97 $2,718,053.45 $3,431,182.89 $3,431,182.89 $3,108,415.56 $3,058,141.82 $2,524,546.22 $2,422,364.29
ASSETS
The following individuals serve on Upstate Alliance Executive Committee as of Spring 2023:
JACK ELLENBERG
Dave Edwards CHAIRMAN, UPSTATE SC ALLIANCE BOARD OF DIRECTORS During the 2022 Strategic Plan Launch
STEVE FERGUSON
BARRY LEASURE
WILLIAM KENLEY
EMILY DeROBERTS
TERENCE ROBERTS
STEVE COOPER
ROY COSTNER
JODY BRYSON
DAVE EDWARDS LIZ SEMAN
ADAM ARTIGLIERE MEMBERS AT LARGE
OFFICERS
Partner Burr & Forman LLP Executive Vice President of Sales, Marketing & Customer Service AFL
Managing Partner GreerWalker Chief Executive Officer AnMed Health
Government & Community Relations Duke Energy Immediate Past Chairwoman
JONATHAN COLEMAN
NON-VOTING
President/CEO Laurens County Development Corporation
Mayor City of Anderson Partner Rödl Langford de Kock Treasurer
Vice Chairman Pickens County Council President & CEO SCTAC
President & CEO GSP International Airport Chairman
Chief of Staff, Liason to the Board of Trustees Furman University Vice-Chairwoman
EXECUTIVE COMMITTEE 2023
JENNIFER CALABRIA Associate Vice President Corporate Partnerships & Strategic Initiatives Clemson University
Director of Land Development Pacolet Milliken
The Alliance sets high goals and works diligently to achieve them, embodying adaptability, responsiveness and integrity. The Alliance team and its collective partners are creative risk-takers who bring an entrepreneurial approach to navigating business landscape shifts, embracing change as a baseline for success.”
upstateSCalliance.com