Spartanburg County Set for Economic Boom in 2025

News Summary

As Spartanburg County prepares for 2025, significant economic growth and the creation of high-paying jobs are on the horizon. With nearly $1 billion in pledged investments for 2024, local leaders are optimistic about diversifying the economy, particularly in advanced manufacturing and biosciences. Revitalization projects and educational partnerships are set to cultivate a skilled workforce, while community development is further fueled by an influx of investment in sports and recreational spaces.

Exciting Times Ahead for Spartanburg County: Economic Growth and High-Paying Jobs Expected in 2025

Spartanburg County is buzzing with excitement! As the county gears up for 2025, economic development leaders are optimistic about continued growth and the creation of high-paying jobs. With pledged capital investments reaching nearly $1 billion in 2024, this upward trend shows no signs of slowing down.

A Thriving Economic Landscape

For several years now, Spartanburg County has consistently posted annual capital investment figures of at least $1 billion. This substantial investment is not just a number; it’s a sign of the county’s thriving economic landscape. As we look ahead, the Chief Economic Development Officer, Katherine O’Neill, foresees even more exciting developments in the near future.

The county’s focus is on diversifying the economy, particularly in advanced manufacturing, biosciences, biotech, life sciences, healthcare, and technical services. These sectors are expected to bring forth a multitude of opportunities—especially those that yield high-paying skilled jobs. The commitment to providing these types of positions over low-wage roles is a crucial aspect of the county’s growth strategy.

Home Grown Success

Take a look at local companies like Contec and Cytiva that are thriving in advanced manufacturing and life sciences. Their growth acts as a beacon of the potential that lies within Spartanburg County. County Councilman David Britt is fully on board with the vision of attracting high-quality jobs and businesses. His support adds a layer of momentum to the already positive outlook.

Educational Opportunities Abound

One of Spartanburg’s hidden gems is its abundance of colleges, which play a crucial role in providing internship and apprenticeship opportunities for the local workforce. By building strong partnerships with educational institutions, the county aims to cultivate a skilled labor pool ready to meet the demands of the evolving job market.

Making a Name in Sports

Adding to the excitement, plans are underway for Spartanburg County to become a destination for sporting events. The inaugural season of a new minor league baseball team, the Hub City Spartanburgers, will kick off in spring 2025. This not only supports the local economy but also fosters community engagement and pride.

Major Investments on the Horizon

Allen Smith, the CEO of OneSpartanburg, reports that there’s an astounding $800 million investment underway in downtown Spartanburg. This development is part of a larger vision plan that stretches all the way to 2026, initially sparked in 2017. The Vision Plan 2.0 focuses on community and economic development to enhance the overall quality of life in the area.

Outdoor Aspirations

Along with economic projects, outdoor recreation is getting attention too—most notably with the development of the Saluda Rail Trail. These outdoor spaces can significantly improve community health and well-being, paving the way for fun and relaxation.

A Glimpse into 2023

For context, in 2023 alone, Spartanburg County attracted an impressive $1.1 billion in new investment, resulting in the creation of 1,146 new jobs. Some noteworthy projects included an expansion from AFL with a whopping $155 million investment that will create over 150 jobs over the next few years. Companies like TIME Bicycles and Milo’s Tea Co. also made headlines with their own investments and job creation efforts.

State-Wide Impact

Looking at the bigger picture, statewide capital investment in South Carolina reached $9.2 billion in 2023, marking the second-highest total in state history. Spartanburg County plays its part in this statewide success story.

As Spartanburg County gears up for the coming years, it’s clear that there’s a lot to look forward to—whether it’s high-paying jobs, exciting sports, or vibrant community development. Buckle up, because Spartanburg is on the rise!