Our Economy Goal

Our citizens will have access to living wage jobs and our communities will be economically viable.

 

Where We Are Now

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    Spartanburg County's per capita real gross domestic product was $38,224 in 2013, an increase over previous years.

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    Spartanburg County's home ownership rate was 69.6% from 2009-2013.

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    In 2013, 19.1% of Spartanburg County residents were living in poverty.

Where We're Headed

Goals

Milestones

  • up arrowIncite growth and investment from existing businesses and industries
  • up arrowConvene group for continuous improvement of local workforce quality and competitiveness
  • up arrowConvene the process for creating a long-term, unified economic vision for Spartanburg
  • - $900 million expansion of BMW Manufacturing Company to produce the new X4 Spartanburg Activity Vehicle
  • - SC Ports Authority constructed a new inland port in Spartanburg County
  • - American Credit Acceptance's continued growth of white-collar jobs in the City of Spartanburg
  • - Greenville-Spartanburg International Airport's $100 million terminal renovation project

Making A Difference In Our Economy

A Community Vision

Spartanburg needs a clear, unified vision to support quality of life across all indicators.  The Spartanburg Area Chamber of Commerce, a Sponsoring Partner of the Indicators Project, is leading the establishment and implementation of it.  YOU can make a difference!

  • Share your time and expertise when the Chamber invites you.
  • Connect your civic and professional work with the vision.
  • Connect with the Chamber.

Economy Community Leaders

Runners

The Spartanburg Community Indicators Project partners with Indicator Area Leaders to improve outcomes in each of its seven Indicator Areas.  These organizations set improvement goals based on indicator data and lead individuals, businesses and community groups to coordinate efforts and information, thus facilitating steady progress in quality of life improvement.

 

The Spartanburg Area Chamber of Commerce serves as the Indicator Area Leader for the Economy Indicator Area. The Chamber convenes a group of professional and nonprofit groups working together to improve economic outcomes in Spartanburg County. They have developed goals in economic priority areas.  Each priority area's work is guided by a Priority Group.

Leading Indicators

Secondary Indicators

Crosscutting Indicators

Key variables that are most reflective of the state of the Economy and are useful predictors of economic trends.

Entrepreneurial Environment

Spartanburg County will have a robust ecosystem to nurture high-impact firms.

 

Inidcators: Business Churn, Establishments, Proprietors’ Income, Business Services

 

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Human Capital

Spartanburg County will have pipellines between business and education.

Indicators: Educational Attainment, Knowledge Workers

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Industry Strength

Spartanburg County employees and companies will move up the value chain.

Indicators: Jobs in High Wage Industries & Occupations, Employment Diversity & per square mile

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Innovative Activity

Innovation will be promoted across sectors throughout Spartanburg County.

Indicators: Patents Issued, Innovation (Science, Engineering Computer)

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Variables that have direct impact on or are tangentially reflective of the state of the Economy.

Poverty

Federal poverty guidelines are used to determine individual eligibilty for all types of federal, state and local aid.

Indicators: Residents Living in Poverty

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Employment by Industry

Employment by Industry is a measure of the distribution of jobs across the employment spectrum.

Indicators: Employment by Industry

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Retail Sales

Gross retail sales is an important measure for companies in the consumer retail industry as it measures the amount of product that a company sells relative to its competitors and reflects consumer spending habits.

Indicators: Gross Retail Sales, Per Capita Retail Sales

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Cost of Living

Cost of living indices are based on a US average of 100.  An index amount below 100 means the cost of living is less expensive than the US average

Indicators: Cost of Living Rate

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Home Ownership

Home owners tend to have higher incomes than non-homeowners.

Indicators: Home Ownership Rate

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Housing Starts and Building Permits

A growing economy typically generates increased demand for new housing and the number of building permits issued determines the demand for new housing.

Indicators: Building Permits per Capita, Building Permits Over Time

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Indicators in more than one Indicator Area that have tangential or predictive impact on the Economy.

Educational Attainment

The educational status of a community is one of the strongest predictors of quality of life in that community. It is strongly correlated with health outcomes, crime, poverty, economic development, employment rate and community vibrancy.

Indicators: Educational Attainment Rate, Median Earnings by Education, Unemployment by Education

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Commuting Patterns

Commuting patterns imply significant information such as the presence of sufficient desirable jobs, an acceptable cost of living and the desirability of the area for residency.

Indicators: Commuting Rates

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Health Insurance Coverage

The health insurance coverage rate reflects, in part, the quality of jobs in a given area.  Higher quality jobs include health insurance coverage as part of the salary and benefits package.

Indicators: Health Insurance Coverage Rates

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What Can I Do?

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Stay Informed

Connect with us by email or mail and follow us Facebook and Twitter.  Our handle is Spartanburg CIP.

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Volunteer With Our Partners

Find and post volunteer opportunities on United Way of the Piedmont's Get Connected site.
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Attend an Event

Check out our calendar of community events and don't forget to share!

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