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Business
South Carolina SBA Small Business Lending Momentum Continues
- By US Small Business Administration
FY18 total loan volume reaches more than $349 million with 695 approved loans
SOUTH CAROLINA – The U.S. Small Business Administration announced FY18 lending numbers showing that it guaranteed over $30 billion to small businesses that otherwise would not have had access to capital. Over $349 million was guaranteed to South Carolina small businesses.
In FY18, there were a total of 695 loans made in South Carolina, a 16.6 percent increase compared to FY17’s total of 596 loans. The dollar amount of loans guaranteed had a slight decrease of 10 percent from last year’s total of $389 million.
Cely Construction Company Names Kevin Talbott Chief Operating Officer
- By Press Release
Cely Construction is proud to announce that Kevin Talbott has been named Chief Operating Officer and Manager of Projects effective September 2018.
As COO, he will be responsible for the strategic direction, growth, and operational success of the company. His new role will utilize his vast experience in negotiation, construction management, project management, engineering, leadership and field management as well as internal controls.
Nupi Americas to Expand Hampton County Operations
- By SC Department of Commerce
Company investing additional $6.2 million to double size of facility
COLUMBIA, S.C. - Nupi Americas, Inc. today announced that the company will invest $6.2 million in an expansion of its current manufacturing and distribution facility at the Southern Carolina Industrial Campus in Hampton County.
Established in 2001 with facilities in Houston, Texas, Nupi Americas is a subsidiary of Nupi Industrie Italiane, S.p.A., which has been manufacturing and marketing the NIRON product line since 1982. NIRON is a complete polypropylene pipe and fitting system for the distribution of hot and cold water in plumbing and air conditioning systems and is the focus of the Hampton County operations.
Caterpillar locating new operations in Greenwood County
- By SC Department of Commerce
Casting facility to create 85 new jobs
COLUMBIA, S.C. - Caterpillar Inc., one of the world's leading manufacturers of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, will locate a casting facility in Greenwood County. The company's $13.5 million investment is projected to create 85 new jobs.
To establish this facility, Caterpillar has purchased an existing 103,000-square-foot building located at 108 Corporate Court in Hodges, S.C. Slated to come online in early 2019, the facility will produce specialty castings used in a variety of engines and transmissions within the Caterpillar product line and will supplement the production of existing castings elsewhere in the Caterpillar production network.
Wheel Pros establishing new manufacturing and distribution operations in York County
- By SC Department of Commerce
$13.9 million investment expected to create 275 new jobs
COLUMBIA, S.C. - Wheel Pros, LLC, a leading designer, marketer and distributor of branded aftermarket wheels, today announced plans to establish new manufacturing and distribution operations in York County. The $13.9 million investment is expected to result in the creation of 275 new jobs over the next five years.
Evanesce Packaging Solutions, Inc. Locating Production Facility in Colleton County
- By SC Department of Commerce
$70 million investment expected to create 368 jobs in Walterboro, S.C.
COLUMBIA, S.C. - Evanesce Packaging Solutions, Inc. today announced plans to locate its first large-scale production operations in Colleton County. The facility, which will manufacture compostable food service trays, represents a $70 million investment and is expected to create 368 new jobs over the next five years.
Evanesce was founded in response to the growing global need to replace existing packaging technology with truly compostable, organic, sustainable alternatives. The company produces compostable packaging with considerations for strength, insulation and nesting capabilities but, more importantly, cost competitiveness to traditional solutions.
MAHLE Behr Expanding Its Charleston County Operations
- By SC Governor's Office
Company Creating 115 Jobs and Bringing $36 Million Investment
COLUMBIA, S.C. – MAHLE Behr Charleston Inc., a leading supplier of air conditioning and radiator assemblies, is expanding its manufacturing operations in Charleston County. The company’s $36 million investment is projected to create 115 new jobs.
MAHLE Behr is a premier international development partner and supplier to the automotive industry, providing innovative powertrain and air conditioning technology solutions. Components and systems from MAHLE Behr are also used in stationary applications, mobile machinery, rail transport and marine applications.
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