Greenville, Spartanburg Counties eye major investment from Volvo

Greenville and Spartanburg County Councils have passed the second of three readings on a tax break for multi-million dollar investments from Volvo. The investments center around five facilities, which would be used for tooling and equipment for the company’s vehicles. In Greenville County, the Swedish vehicle manufacturer would invest at least $35 million in two facilities. In Spartanburg County, Volvo would invest $19.5 million in three facilities. “What this all means is that Volvo is putting some of their equipment in part of our existing supply base,” said Kevin Landmesser, Senior Vice President of the Greenville Area Development Corporation. “These suppliers are making components for them as part of the assembly process that goes down to Charleston as part of the assembly process for the cars that go down there.””It really put the icing on the cake on what we’ve been working for the last, really, 30 years in bringing quality companies to Spartanburg County and the Upstate,” said David Britt, Vice Chairman of Spartanburg County Council. “These jobs are high-paying jobs and they offer hope and opportunity to our residents.” Britt said that while Volvo makes vehicles in the Charleston area, this is an example of investment spreading from one part of the state to others. In some ways, it’s easy to think of BMW in 1992, which not only produces vehicles in Spartanburg County but also has suppliers in the vast majority of South Carolina’s counties. “When BMW made their initial investment in Spartanburg, it was $420 million. Today they’ve invested $13 billion,” said Britt. Both counties hope the investment from Volvo leads to more opportunities down the road. “When we produce the finest product that they’ll ever see in any other county or any other facility, they’ll take notice of it and I would bet my last dollar that $19.5 million investment will go up substantially from there,” said Britt .

Greenville and Spartanburg County Councils have passed the second of three readings on a tax break for multi-million dollar investments from Volvo.

The investments center around five facilities, which would be used for tooling and equipment for the company’s vehicles.

In Greenville County, the Swedish vehicle manufacturer would invest at least $35 million in two facilities. In Spartanburg County, Volvo would invest $19.5 million in three facilities.

“What this all means is that Volvo is putting some of their equipment in part of our existing supply base,” said Kevin Landmesser, Senior Vice President of the Greenville Area Development Corporation. “These suppliers are making components for them as part of the assembly process that goes down to Charleston as part of the assembly process for the cars that go down there.”

“It really puts the icing on the cake on what we’ve been working for the last, really, 30 years in bringing quality companies to Spartanburg County and the Upstate,” said David Britt, Vice Chairman of Spartanburg County Council. “These jobs are high-paying jobs and they offer hope and opportunity to our residents.”

Britt said that while Volvo makes vehicles in the Charleston area, this is an example of investment spreading from one part of the state to others.

In some ways, it’s easy to think of BMW in 1992, which not only produces vehicles in Spartanburg County but also has suppliers in the vast majority of South Carolina’s counties.

“When BMW made their initial investment in Spartanburg, it was $420 million. Today they’ve invested $13 billion,” said Britt.

Both counties hope the investment from Volvo leads to more opportunities down the road.

“When we produce the finest product that they’ll ever see in any other county or any other facility, they’ll take notice of it and I would bet my last dollar that $19.5 million investment will go up substantially from there,” said Britt .

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