Regional Economy

Greenville's economy was formerly based largely on textile manufacturing, and the city was once known as "The Textile Capital of the World." In the last few decades, the lower cost of business and favorable tax benefits have lured foreign companies to invest heavily in the area, making Greenville one of the nation’s leaders in foreign direct investment. The area is the North American headquarters for Michelin and sole manufacturing location for BMW in The Americas. Recently, the International Center for Automotive Research has been created.  General Electric has a gas turbine and wind energy manufacturing operation here.

When the former Donaldson Air Force Base closed, the land became the Donaldson Center Industrial Air Park, and is home to a Lockheed Martin Aircraft and Logistics Center, as well as 3M and Honeywell.  The base is now known as South Carolina Technology and Aviation Center. 

 

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