Volvo Cars recently announced plans to double its investment in Berkeley County to more than $1 billion. This announcement comes before a single vehicle has been produced at its future manufacturing plant in Ridgeville. The new $500 million manufacturing plant is scheduled to open next summer with 2000 new employees. The new investment will add an additional 2,500 new jobs to the area. “When we made the decision in early 2015 to build here, of course you make that kind…
The first quarter report by CBRE commercial real estate shows a long term trend for the Charleston region in high growth, starting with the construction of Volvo’s 2.3 million square foot manufacturing facility in the I-26 North submarket. The completion of the Volvo facility is expected to have a long term positive impact on the local economy, similar to that of BMW in the Greenville-Spartanburg industrial property market. The BMW facility has led to a demand for facilities for a…
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