The Greenville Area Development Corporation (GADC), charged with promoting and enhancing quality of life in Greenville County by facilitating job growth and investment, announced 2008 had been another strong year for job growth, capital investment, tax revenue generation and private sector support at their 2009 annual Investor Appreciation luncheon Wednesday.
GADC President & CEO Jerry Howard and Board Chairman Jay Rogers also honored AdvanceSC, an organization that supports education and economic growth across much of South Carolina, with the Greenville Area Development Corporation’s fifth annual William D. Workman III Buffalo Hunter Award,
presented since 2004 to an individual or organization that has had a major impact on the local economy.
AdvanceSC, established by Duke Energy to support communities in their service area through public assistance and economic development grants, concentrates on advancing education to support industry, helping economic development organizations attract and retain industries, and improving the competitive position of manufacturers.
Since 2005, AdvanceSC grants to GADC projects total more than $1.8 million, including critical funding to secure a dozen signature wins. Â In 2008, AdvanceSC supported W.W. Grainger’s expansion, American Titanium’s location, Precision Valve’s growth and Innegrity’s relocation to new quarters, funding site preparations, relocation of critical personnel and equipment, building upfitting, and essential infrastructure additions.
“The Advance SC fund, under board chair Carol Burdette, gives economic developers flexibility to close deals by offsetting expenses that prospect companies are most concerned with – and which vary by project,” said Howard in presenting the award to Ms. Burdette. Â ”Whether relocating R&D engineers from another state or advanced equipment from another continent, Duke Energy’s AdvanceSC fund is a unique tool in recruiting quality corporate citizens, and AdvanceSC’s generosity has made a major, positive impact on Greenville County’s economic prosperity and quality of life.”
Past award winners have included Willson “Will” Williams, Director of Business Development for Warren & Associates Design-Build LLC and former Project Manager of Global Business Development at the South Carolina Department of Commerce in 2007, Alan “Daniel” Young of the Department of Commerce in 2006, Dr. Wayne Bennett of the Clemson University Foundation in 2005, and Bob Marriott of the South Carolina Department of Commerce in 2004.
The award is named for former Greenville mayor and South Carolina economic development advocate Bill Workman, and has been presented annually since 2004 to an individual who is a champion of economic development, and a standard bearer for public/private collaboration in marketing the Greenville community.
“AdvanceSC has gone far above and beyond the call of duty in helping ensure that positive economic growth – and the hundreds of good jobs and millions of dollars in economic contribution and taxes that go with them – are situated right here in Greenville County,” said Howard in making the presentation.
In reporting to more than 100 private and public sector leaders, Howard noted that, despite the soft economy, new jobs announced from the GADC successfully assisting companies to locate new facilities or expand existing facilities in Greenville County reached 1,556 in 2008 while capital investment from expansions and relocations announced totaled $181.4 million, and included 25 announcements during the calendar year.
Greenville County FILOT revenues generated by GADC-assisted companies since inception in mid-2001 reached a record total of $22.04 million – a 5.7:1 return on investment for the $3.87 million in tax funds invested in the organization, which was created by Greenville County Council in mid-2001.
Additionally, Howard noted that private sector support of the organization reached an all-time high, thanking attendees for the record 125 investor organizations now contributing to the GADC’s success.
“Without all of our investor companies, the Greenville Area Development Corporation’s ability to produce such great returns for the people of Greenville County – in quality jobs, increasing tax revenues and a robust
and vital economy – would be severely restricted,” said Howard. Â ”Every penny our investors provide goes into marketing Greenville County to the world, and every penny you invest is working hard and producing better jobs and a brighter future for our community.”
via GADC