ICYMI: Biz News From Around The Upstate – UPSTATE BUSINESS JOURNAL – Upstate Business Journal

The X in blue at BMW Plant Spartanburg's Zentrum on 10/17/22 - File: 101622GR35
The X in blue at BMW Plant Spartanburg’s Zentrum on Oct. 17. Photos provided

BMW Group announces $1.7B investment to build electric vehicles in South Carolina … New courtyard neighborhood center W Square coming to Spartanburg … and The Shops at Greenridge welcomes two new stores, one restaurant. These are just a few headlines in the past month you might have missed from Upstate Business Journal.

CommunityWorks receives $500K investment from United Bank

UNITED BANK check presentation
Photo provided by CommunityWorks.

CommunityWorks, a statewide nonprofit lending institution, announced Oct. 19 it received a $500,000 investment from United Bank.

The funds will be used to support the organization’s statewide small-business and affordable-housing lending efforts.

United Bank also awarded a $50,000 grant to CommunityWorks, which will be used for loan deployment effort.

For more information, visit communityworkscarolina.org.

BMW Group announces $1.7B investment to build electric vehicles in South Carolina

BMW Plant Spartanburg. Photo provided.
BMW Plant Spartanburg. Photo provided.

The BMW Group will invest $1.7 billion to support electric vehicle production in the U.S., the company announced Oct. 19.

The investment, which is expected to create more than 300 jobs, includes:

  • $1 billion to prepare for the production of electric vehicles at BMW Plant Spartanburg.
  • $700 million to build Envision AESC’s 1 million-square-foot facility in Woodruff, which will produce high-voltage batteries designed for BMW’s eDrive technology.

BMW Group has plans to build at least six fully electric models in the U.S. by 2030.

Niagara Pharmaceuticals announces $9M investment in Cherokee County

bottle with lens solution and case on table picture id1081948120
Stock photo

Niagara Pharmaceuticals, an eye health and safety products manufacturer based in Canada, will invest $9 million to establish its first United States operations in Cowpens, the company announced Oct. 18.

The investment is expected to create 45 jobs at 1290 Mt. Olive Road. Operations at the facility, which will be used to accommodate additional production capacity, are expected to begin in 2023.

For more information, visit niagarapharmaceuticals.com/index.html.

New courtyard neighborhood center W Square coming to Spartanburg

Pintail Flyer 2601 E Main St Spartanburg W Square25 Page 1
Provided by Pintail and Kairos Development

Kairos Development, a company based in Greenville, is spearheading a new development on East Main Street in Spartanburg, which will combine an outdoor courtyard space with restaurant and possible brewery tenants, including a new Burrito Hub location.

The development, which is set to open in 2023, sits at 2601 E. Main St. in a 26,000-square-foot location, which houses a strip of shops and retail space, including:

  • New Life East church and community space
  • Yetta Boutique
  • All Even Barbershop
  • Pelican’s Snoballs
  • McGuire Insurance Agency

No further tenants have yet been announced for the space.

The Shops at Greenridge welcomes two new stores, one restaurant

The Shops at Greenridge sign
Photo courtesy of Colliers

The Shops at Greenridge, a shopping center on Woodruff Road in Greenville, is growing again.

The retail center is adding two new stores and a restaurant:

  • Burlington – clothing and home goods store
  • Crew Factory – clothing store
  • First Watch – a Florida-based breakfast and lunch restaurant

Burlington held its grand opening on Oct. 14, while J. Crew Factory opened its doors on Oct. 28. First Watch is expected to open in January 2023.

For more information, visit shopgreenridge.com.

Board of Zoning Appeals approves Airbnb on Pettigru Street

Pettigru airbnb
Photo provided

The city of Greenville’s Board of Zoning Appeals on Oct. 13 granted a special exception to establish a “hotel” at 205 Pettigru St. The applicant, Joseph Delguidice, intends to use the property as an Airbnb.

Delguidice has a site manager to ensure timely responses to any issues and also plans on installing devices to alert site managers of excessive noise.

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