Spartanburg County attracted 23 economic development projects totaling $745 million in capital investment and representing 1,220 new jobs in 2024, OneSpartanburg Inc. announced Jan. 16.
OneSpartanburg serves as the economic development, tourism and chamber of commerce for the city and county of Spartanburg and only reports on economic development projects it was directly involved in.
“Spartanburg County again performed well, even during a time of uncertainty when it comes to economic development,” said OneSpartanburg Inc. President and CEO Allen Smith in a statement announcing the 2024 tally. “Our collective success cannot lead to complacency.”
New investment
New Spartanburg County projects announced in 2024 included:
- InnovaSphere — Formerly Palmetto InnovaSphere, InnovaSphere works to attract innovation and investors in the life-science, biomedical, and digital health start-up spaces to build a pipeline of associated companies statewide.
- Munich Composites GmbH — A carbon fiber bicycle rim manufacturer, Munich Composites was acquired by an S.C.-based group led by wheel manufacturer Boyd Cycling. Munich Composites, Boyd, and TIME Bicycles, which announced a Spartanburg County investment in 2023, have coalesced to form a bicycle manufacturing cluster in Landrum.
- Smartpress — A commercial online printing company, Smartpress announced an investment creating 150 new jobs to better serve customers on the East Coast.
- Omron Automation — Omron, a global leader in industrial automation technology, established its first S.C. operations and plans to expand a 60,000-square-foot facility in Greer.
Expansions
Companies expanding in Spartanburg County in 2024 included:
- Keurig Dr Pepper — KDP announced its next-generation, state-of-the-art K-Rounds will be manufactured at a new Spartanburg County facility. The company’s K-Rounds are plastic-free coffee pods created from premium coffee beans that are ground, pressed, and wrapped in a protective, plant-based coating.
- Milo’s Tea — Milo’s announced an expansion in November, allowing the company to install an additional production line and other enhancements to meet increased demand.
- Benteler — Leading automotive supplier Benteler’s Spartanburg plant supplies automotive-welded assemblies and modules to auto manufacturers globally.
- AFL — Fiber optic product and equipment manufacturer AFL announced it will expand operations to account for increased demand globally.
