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Today’s Note

Please excuse our dust. We’re currently working to bring you an even better newsletter. Over the next couple weeks, you may see some things that are still in the works. We’re excited for you to see what we’ve been up to.

 

Driving economic impact

A study shows BMW’s economic impact in SC to be $26.7 billion

GVL_BMW_MAR2023
BMW employs 11,000+ at Plant Spartanburg. | Photo by GVLtoday
$26.7 billion. That’s the annual economic impact of BMW’s Plant Spartanburg according to a study by the Darla Moore School of Business at the University of South Carolina.

On the heels of being named the largest automotive exporter in the US for the ninth straight year and investing $1.7 billion to build electric cars, it doesn’t seem like that impact is slowing down anytime soon.

“The relationship that BMW built with the state of South Carolina is the paradigm for what we think of when we think of economic development today,” said SC Secretary of Commerce Harry Lightsey.

The study

The study examines economic multipliers and ripple effects (read: how jobs with one company lead to jobs for other companies) to see BMW’s full impact on SC, and we’re breaking it down by the numbers:

42,935 jobs across SC are supported directly and indirectly by Plant Spartanburg with $3.1 billion in wages and salaries coming from BMW’s SC operations.
  • For every 10 jobs created at Plant Spartanburg, the study found another 25 are created elsewhere in the state, for a total of 35 jobs.
  • DYK BMW regularly uses 500+ SC suppliers — 90% of which are in the Upstate?
GVL_BMW_GROWTH_Mar2023

SC’s automotive manufacturing growth is the fastest in the Southeast. | Chart via BMW

BMW’s total jobs created has increased by an average of 4.3% each year since 2017 — more than three times the state’s average (1.3%) over the same period, showing Plant Spartanburg’s ongoing role in SC job creation.

GVL_BMW_Exports_FEB2023

BMW exports waiting to ship at the Port of Charleston. | Photo by Fred Rollison via BMW

|

Fred Rollison


4.8% of all manufacturing jobs across SC come from Plant Spartanburg’s direct employment base.
  • From 2011-2021, automotive manufacturing in SC increased by 167%, contributing to a 17.2% in overall manufacturing growth compared to a national average of just 6.3%.
Click the button below for the full report.
That's a lot of cars
Asked

How many cars did Plant Spartanburg produce in 2022? (Hint: It was the second-highest number in its history.)


A. 127,698
B. 317,209
C. 416,301
D. 512,714

See the answer in the Wrap.
 
Events
Wednesday, March 22
  • Salsa Dance Class | Wednesday, March 22 | 7:30-9 p.m. | Dance United, 580 Woodruff Rd., Greenville | $15 | Learn to dance Salsa with or without a partner — beginner and intermediate classes are available.
  • Exhibition: Americans and the Holocaust | Wednesday, Mar. 22-Tuesday, April 25 | Hours vary | James B. Duke Library, Furman University, Greenville | Free | View this traveling exhibition examining the motives, pressures, and fears that shaped Americans’ responses to Nazism, war, and genocide in Europe during the 1930’s and 1940’s.
Thursday, March 23
  • Piedmont Natural Gas Downtown Alive | Thursday, March 23-Thursday, Aug. 24 | 5:30-8:30 p.m. | NOMA Square, 220 N. Main St., Greenville | Free entry | Jam to The Bobcat Patrol and catch the NCAA Men’s Basketball Tournament games on the big screen.
Friday, March 24
  • Andrew Lloyd Webber 75th Birthday Celebration Concert Weekend | Friday, Mar. 24-Saturday, Mar. 25 | Times vary | Greenville Theatre, 444 College St., Greenville | $40 | Celebrate composer Andrew Lloyd Webber’s 75th birthday with this concert event.
  • The Battle of the Decades Dance Party | Friday, Mar. 24 | 8 p.m.-1 a.m. | Zen - An elegant space for hire, 924 S. Main St., Greenville | $25-$325 | Choose your favorite decade and dress accordingly for this bash featuring drinks, dancing, and small bites.
Saturday, March 25
  • Unique Conifers and Japanese Maples | Saturday, Mar. 25 | 10-11 a.m. | Lichtenfelt Nurseries, 947 Anderson Ridge Rd., Greer | Free | Learn about Conifers and Japanese Maples from experts Connor and Evan.
Plan Ahead
  • Spring & Sprout at TCMU-Greenville | Friday, Apr. 7 | 9 a.m.-5 p.m. | The Children’s Museum of the Upstate, 300 College St., Greenville | $12-$15 | Celebrate Easter and Earth Day at Spring & Sprout at TCMU-Greenville — hop along the bunny trail and enjoy crafts, Earth activities, a petting zoo, face painting, and photos with the Easter Bunny.*

We have a calendar filled with events and activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

Click here to have your event featured.
100+ MORE EVENTS
 
Finance

Average retirement savings by age: Are you on track?

SmartAsset matches you with vetted financial advisors in your area.
SmartAsset matches you with vetted financial advisors in your area. | Photo by SmartAsset
Many Americans worry they’re not saving enough for retirement, and rightfully so. Do your current savings meet the recommended amount for people your age? Find out. 👀

The amount some people have saved may be shocking, but it’s not too late to seek advice. A financial advisor could help increase your returns and alleviate stress. Try this free tool to get matched with up to three vetted financial advisors serving your area.*
FINANCIAL KNOWLEDGE = FINANCIAL POWER
News Notes

Weather
  • 61º | Cloudy | 20% chance of rain
Traffic
  • East Camperdown Way (from Calvin to Falls Streets) is closed for four weeks for utility work. A detour is available along Calvin to East Broad Street and Falls Street remains open.
Ranked
  • No. 10. That’s where Greenville ranked on Travel + Leisure’s list “The Best Food Cities in the US.” Shouting out CAMP, Coral, Scoundrel, Topsoil, Comal 864, and Methodical Coffee, the publication lauds Greenville as a “vibrant city chock-full of unique culinary offerings.”
List
  • It’s a-boat time to head to the lake, and Southern Living shared SC’s 10 best on its new list featuring a few Upstate favorites. Check out No. 3 Lake Jocassee, No. 7 Lake Keowee, No. 8 Lake Greenwood, and No. 9 Lake Hartwell and plan your first lake day of the season.
Edu
  • Furman University has launched the Center for Innovative Leadership. The center aims to support growing businesses in Greenville and the Upstate and will feature leadership and business innovation programming. Browse its offerings including the Women’s Leadership Initiative which starts Thursday, April 27.
Biz
  • The historic Borden Building has a new tenant: Allen Lund Co. — a national transportation broker — plans to move its Greenville office to the former ice cream factory once the redevelopment of the space is complete. (The Post and Courier Greenville)
Feel Good
  • Yesterday we told you about a missing stuffed animal located at GSP. Good news — “Pete” is home with its owner, who thanked United employees for helping find his friend.
Asked
  • Hey, GVL men: If you could (anonymously) ask a health specialist a question, what would you ask? (Think: Preventing sports injuries? Managing stress? The screenings men need most?) Submit your questions to the Prisma Health experts who are on call + ready to answer your men’s health questions in our next edition of Prisma Health On Call. 💪 *
Job
  • Resurgent Capital Services is seeking a Content Integration Analyst to join its Camperdown office. Primary responsibilities will include coding emails using HTML and MJML, conducting rendering testing across email clients and mobile devices, and fully optimizing emails for mobile experiences. Learn more and apply, and contact Britt Lunsford with any questions.*

Fact or Fiction
  • Everyone can lose weight through diet and exercise — fact or fiction? See the answer (and the truth behind several common myths about weight, exercise, and your health). 🏋 *
Seasonal
Number

Coming soon to Unity Park

GVL_Honor_Tower_Plaza_MAR2023
The plaza will feature memorials to first responders and veterans. | Rendering via The City of Greenville
$500,000. That’s how much Sharon Carlton and Heather Carlton-McInnis donated to the Unity Park Honor Tower in honor of late community businessman and philanthropist Philip J. Carlton.

The contribution will help build the Philip J. Carlton Memorial Plaza near the tower “to honor all who serve and those who made the ultimate sacrifice.”
The Wrap
 
Danielle Barilla in a purple lace shirt

Today’s Edition By:
Danielle

From the Editor
Celebrate the Greenville Triumph’s home opener this weekend as it kicks off its fifth season this Saturday, March 25, at 7 p.m. Get your tickets and read up on who to watch this season.
Quiz Answer:    C. 416,301
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