Economy
Within the past decade, developers and community leaders have spearheaded an effort to revitalize Spartanburg's downtown district. This has resulted in a remodeling of Morgan Square, the restoration of a number of historic structures and the relocation of several businesses and company headquarters to the downtown vicinity. Some of these new developments include a nine-floor, 240-room Marriott, the headquarters of Advance America, and the headquarters of QS/1 Data Systems. The world headquarters of Denny's restaurants is also located in downtown Spartanburg. Numerous other smaller businesses such as RJ Rockers Brewing Company have also moved downtown as a result of this community-wide effort.
The economy of Spartanburg also benefits from the BMW manufacturing facility located in the western end of Spartanburg County. Manufacturing began in 1996 with certain types of the 3 Series (from the E36 platform) and with the Z3 roadster. However, a year later when the newer 3 Series (E46) platform emerged, BMW decided not to build it at the Spartanburg plant, but instead exclusively manufacture variants of the popular Z3. The plant currently manufactures the X5 SAV and X6 SAC for the world market. As part of an expansion project announced in March 2008, the plant will add about 1,200,000 square feet (110,000 m2) of assembly space, and it will become the home of the next-generation X3 SAV.
Spartanburg is also home to the world headquarters and research facility for Milliken & Company. With over 12,000 associates located at more than 60 facilities worldwide, Milliken is one of the largest privately held textile and chemical manufacturers in the world.
Read more about this topic: Spartanburg, South Carolina
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)