Wednesday, May 13, 2015

Good news for economic development in SC

This week’s announcement of Volvo’s decision to locate in South Carolina is a great time for us to take a look at many of the other economic development successes happening in our state’s cities and towns.

And while manufacturing companies like Volvo often locate outside of a city limits, it’s often the amenities, services and quality of life in the nearby cities and towns that executives focus on when considering where to locate a large facility such as this.

In the May issue of Uptown, we look at the role of cities in economic development from several perspectives.
Commerce Secretary Bobby Hitt gives a synopsis of South Carolina’s business recruitment efforts. His article not only reinforces why Volvo made a decision to come here, but it also points out how the state is actively pursuing entrepreneurs and high growth companies with the support of Commerce’s Office of Innovation.

The president of the SC Economic Developers Association also weighs in about the important role city officials play in local economic development strategy and implementation. Jeff Ruble points to SCEDA’s Handbook for Economic Development as a great resource for local leaders involved in recruiting and retaining local businesses.

The May Uptown also features several economic development resources for cities and towns. One article focuses on the Bailey Bill which offers tax abatements to rehabilitate historic buildings. Another looks at planning resources available through the SC chapter of the American Planning Association for underserved cities and towns. Also, the Appalachian Council of Governments has released an Entrepreneur Friendly Toolkit that Pickens and Simpsonville are already using in their local economic development efforts.

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