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Greer Development Corporation

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    mitsubishi
   Mitsubishi Polyester Film and Honeywell both announced expansion
projects to their Greer plants in 2011, showing confidence that
the economy is on a path to recovery in the city and beyond.

Economic development plays a critical role in the City of Greer. To attract new capital investments, create jobs, and revitalize the community, the City of Greer partners with the Greer Commission of Public Works, the Greater Greer Chamber of Commerce, the Partnership for Tomorrow, and private sector businesses to support the Greer Development Corporation.

The mission of this public/private partnership is targeting quality development for a secure future for the Greer community. The Greer Development Corporation’s strategic efforts focus on recruitment and retention of commercial and industrial businesses, targeted marketing of the community, and development of properties for future economic opportunities.

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The Greer Development Corporation provides prospective businesses and industries with data on available real estate; information on taxes, incentives, financing and business assistance programs; statistical data on Greer’s marketplace and workforce; and introductions to community resources; and site selection and community tours.  

Greer continues to enjoy rapid growth as one of South Carolina’s fastest-growing cities.  In 2011, GDC contacted more than 100 industry professionals, brokers, site selection consultants, and decision in the target industry areas of automotive, aviation/aerospace, alternative energy, advanced materials manufacturing, restaurant, and specialty retail to promote Greer as a location for business expansion, business relocation and new business start-up.  As a result 56 prospects visited the Greer Community to evaluate its business climate and quality of life.

Ultimately, the Greer Development Corporation helped 11 prospects to locate and to grow in the Greer community in 2011 including four industrial projects and seven commercial projects representing $45,800,000 in new capital investment and the creation of 380 new jobs.

The success and positive growth in 2011 reflected across all areas of Greer’s economy.  New housing starts have rebounded beyond recession lows, gross retail sales reached record levels, and median household income continued to rise in the City of Greer.



Record gross retail sales a bright sign for the city

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Reno Deaton, executive director of the Greer Development Corporation, is eager to share very good news with anyone looking for a bright spot in the economic climate.

“In 2011 we had the largest gross retail sales report we have ever had in the community,” he said, noting that the city’s $604 million in gross retail sales outperformed many South Carolina counties, according to the state Dept. of Revenue.

The news came on the heels of other economic indicators that suggest the City of Greer is trending in the right direction economically after a decade of rapid population growth. The city experienced a double-digit increase in both commercial and residential construction, and median household income climbed to $62,727 – more than double the median household in 1989.

“We have positioned ourselves to take advantage of any turnaround in the economy,” Mayor Rick Danner said. “All indicators are that 2012 will be another good year.”