annual report 2013
DESCRIPTION
Released in Spring 2014TRANSCRIPT
2013annualreport
South Carolina ranked 1st in attracting jobs through foreign investment– IBM-Plant Location International, 2013 Global Locations Trends: 2013 Annual Report
2013 rankingspro-business climate
Best to Invest – Upstate South Carolina Alliance and Spartanburg Economic Futures Group– Site Selection magazine’s fifth-annual Global Best to Invest Report
South Carolina ranked 2nd best state in the nation on the “2013 Top States for Doing Business List”
- Area Development magazine
South Carolina ranked 7th in Automotive Manufacturing Strength and 10th as Automotive Parts Supplier Leaders
- Business Facilities magazine, 2013 State Rankings Report
South Carolina ranked 3rd for Infrastructure and Global Access- Area Development magazine
South Carolina ranked 10th for STEM Job Growth- 2013 U.S. Chamber of Commerce Enterprising States Report
Greenville-Mauldin-Easley ranked 6th on America’s Engineering Hubs: The Cities with the Greatest Capacity for Innovation
- Forbes
FTZ Zone 38 and Spartanburg County ranked the 5th most active FTZ for Exports- Global Trade Magazine
Clemson University named the 21st Top Public National University- U.S. News & World Report for 2014
readySC™ and Apprenticeship Carolina™ awarded the Excellence in Economic Development Silver Award for work with ZF Group and the Center for Advanced Manufacturing
- International Economic Development Council
1
a message from our chairman
To all of our investors, both public and private, thank you for making 2013 a remarkable and notable year.
Your investment in the Upstate SC Alliance continues to pay dividends for the entire Upstate region. During my
tenure as Chairman, the Alliance has undergone more change than any other time in its history. The remarkable
growth and numerous successes we have been able to achieve over the past few years is a direct result of your
support, and for that I cannot thank you enough.
Watching the business recruitment team grow our depth and breadth in the target industries, the impact
of having a dedicated research professional on staff, the collaborations with our area’s local economic
development professionals, the expansion of our marketing programs to include events like the IndustryWeek
Best Plants Conference, and the experience of watching new leaders develop within the organization are only a
few of the memorable accomplishments of your Upstate SC Alliance staff and leadership.
While many see 2014 as a new era for your Upstate SC Alliance as a new CEO takes the helm, it is without a
doubt the new leader will be joining a team of professionals that rival any economic development organization
out there. Working together, they will steer this organization and region to an even more successful future.
I can say with all sincerity that it has been my honor to serve as your Chairman. I thank all of those that served
before me for their guidance and wish the best to those to come. And to the staff, thank you for all you do to
make the Upstate SC Alliance a dynamic organization and for the job you do in telling the story of the Upstate
to the world. My tenure as Chairman of the Alliance, above all, has been a privilege.
Jim Evers, Chairman
business moves here.
> $1 billion in investment and 4,900 new jobs.
As we set out to celebrate international month in the Upstate, we must to take a
moment to thank the community leaders responsible for putting us on the global map.
Our success in the recruitment of foreign-owned companies did not happen by
chance. Many decades ago, leaders from our region set out to recruit international
textile manufacturers and machinists to the Upstate. If they only knew then the
impact their hard work would have on the region. In 2013, South Carolina was
recognized for the second year in a row for having the largest employment growth
per capita by foreign-owned firms. And today, over 375 foreign-owned companies
call the Upstate of South Carolina home.
Those leaders built the economic foundation that we have now; a foundation that
often gets the Upstate recognized as a region fighting way above its weight class.
Over the next few years we will be strengthening this foundation even further
as the inland port gains momentum and as our strategies from the Global Cities
Exchange unfold. Combined with the growing level of innovation sparked by the
many great research programs and institutes across our region, the Upstate is
poised for a long road of economic success.
This March marks my eighth year in the Upstate of South Carolina. I remember
thinking eight years ago that there was something extraordinary about this place.
And I was so right. Thank you all for making this region such a special place to
call home and such a remarkable place to for us to sell to the world.
Jennifer Miller, Interim President & CEO
the momentum is building in the upstate.
can you feel it?
a message from our president
2
2013 highlights
In November, the Upstate was accepted to participate as one of the eight inaugural metropolitan areas in the prestigious Global Cities Initiative. A joint partnership of the Brookings Institution and JPMorgan Chase, the 4-year program will help guide leaders in our area to develop a more comprehensive global economic development strategy.
global cities acceptance
In March, we were awarded $96,250 in grants and sponsorships from the Duke Energy Foundation and the South Carolina Power Team to gain access to a customizable labor market database for the region. Workforce is a major driver of projects and the Economic Modeling Specialists International (EMSI) program allows the Upstate to compare current and future availability, demand, and wage rates across the United States.
new labor data
In an effort to strengthen our reputation within our target industries, both internal and external, we sponsored and helped to create the first-ever Energy Summit with GSA Business. The event focused on our strengths in the energy world and featured industry leaders from Fluor Corporation, Itron, BMW Manufacturing, Hubbell Lighting, GE Power & Water, Duke Energy and Sempra US Gas & Power. We also continued to support and leveraged industry-related events in our state, such as the SC Automotive Summit, InnoMobility and the 2013 Face to Face Life Sciences Annual Conference for recruitment efforts and for recognition of our strengths in the target industries.
energy summit
3
In addition to the new Upstate overview presentation and printed piece, we created 5 new industry-specific presentations, 12 new target industry fact sheets, 5 testimonial videos, new research reports and created a gift package for visiting guests that includes Upstate-made products.
new marKeting materialsBMWBMW Manufacturing has more than 7,000 associates on it 1,150 acre site.
It is the sole global producer of several BMW X models including the X3,
X4, X5, and X6. These vehicles are exported to more than 130 countries.
To date BMW has invested nearly $5 billion in its Upstate South Carolina
operations that produces over 300,000 vehicles annually.MichelinMichelin’s presence in the Upstate includes their North American
headquarters, 6 manufacturing facilities, Michelin Americas Research and
Development Corporation, the Laurens Proving Ground and a sales force
training center. Their Upstate products include tires for cars, trucks, buses,
aircraft and earth moving machinery. ZF GroupZF, one of the largest automotive suppliers worldwide, manufactures their
fuel efficient eight- and nine- speed transmissions at a 950,000 square-
foot facility in the Upstate. The facility, set for full production this year, will
employ more than 1,200 workers.
There’s a reason both Business Facilities and the Original Equipment Suppliers Association
(OESA) recognize South Carolina for its automotive growth potential. With a progressive
business climate, dynamic workforce and research capabilities, it’s no wonder more than
150 automotive-related companies have chosen Upstate South Carolina.
About Upstate South CarolinaLocated in the northwestern corner of South Carolina, the Upstate connects two of the
largest cities in the Southeastern United States: Charlotte and Atlanta. The Upstate is
home to some of the world’s most forward thinking companies, including world leaders in
the development and application of cutting-edge technologies in a multitude of industries,
and provides an unmatched quality of life to its 1.37 million residents.
ABOUT THE INDUSTRY
Upstate SCAtlanta, GA
Miami, FL
Charlotte, NC
New York, NY
Washington, DC
AUTOMOTIVE COMPANIES IN THE SPOTLIGHT
for its Automotive Business Climate by OESA
Original Equipment Suppliers Association
SUPPORTING THE INDUSTRY
South Carolina Automotive CouncilThe South Carolina Automotive Council is a member-based
organization committed to serving automotive-related manufacturers
through programs, services, advocacy and partnerships. Its members
are associated with the South Carolina Manufacturers Alliance and
have access to statewide conferences, informative programs, training
seminars and networking events.
The Upstate SC Alliance received numerous awards and recognitions in 2013. Starting with the “Best in Class” recognition by Business Facilities magazine and followed by Site Selection magazine’s recognition of the region in its Best to Invest series. In addition, the marketing team received numerous awards from the Southern Economic Development Council and Erin Ford was recognized as an Emerging Leader in Energy by the Charlotte Business Journal.
awards & recognitions
In April, we welcomed over 800 executives from 300 companies to the IndustryWeek Best Plants Conference in the Upstate. The 2 ½ day conference focused on continuous improvement in manufacturing and included plant tours, panel discussions and keynote presentations. The Upstate SC Alliance fully leveraged the event through major sponsorships, a 6-page spread in IndustryWeek magazine, promotions, and a VIP dinner with targeted manufacturing executives and IndustryWeek editors.
best plants conFerence
In 2013, the Upstate SC Alliance strengthened relationships with key partners in China, Germany, Austria, Spain and the United Kingdom. We helped facilitate a mutual cooperation agreement with the China Council for the Promotion of International Trade, a friendship agreement with the city of Handan and a memorandum of understanding between Clemson University and the Parque Cientifico de Madrid. We also leveraged relationships with the United Kingdom Trade & Investment organization, Austrian Trade Commission and Enviacon Intenational to gain introductions to executives in their respective countries.
global networKs
target industries highlights
The Upstate SC Alliance played a key role as international matchmaker in a biotech partnership between Selah Genomics and Barcelona-based Ferrer inCode. This partnership was a result of the Alliance led mission trip to Spain in 2013.
• Focus areas for 2014 will be medical device manufacturing, companion diagnostics/clinical trials, and pharmaceuticals.
• We will continue to partner with Bioscience task force members at trade shows and add Upstate branding to their marketing materials.
• We will continue to strengthen our partnership with SCBIO as a continuing member of the SCBIO board.
MAJOR IMPACT: The SC High Growth Small Business Job Creation Act, passed in June of 2013, is boosting new bioscience investment. The act gives investors in high-impact companies a 35% tax credit. Twenty-six qualified businesses have registered to participate and reported creating 100 full-time, part-time, and temporary jobs. These companies also reported raising nearly $20,000,000 in capital, and categorized over $7,000,000 of this capital as qualified investments.
biosciences
Aerospace led the way for Upstate activity in terms of lead generation for 2013. There has been a significant increase in interest since we announced the industry as a target two years ago and the quantity of meetings during the Paris Air Show was a strong indicator that South Carolina is now a globally recognized location for the Aerospace industry.
MAJOR IMPACT: Boeing’s 2nd announcement of $1 billion investment could nearly double employment at its North Charleston Dreamliner jet-manufacturing plant and help South Carolina land more aircraft suppliers. Boeing also announced the 737 MAX jet propulsion plant, “Propulsion South Carolina,” where engine inlet parts will be designed and assembled for the 737 MAX and possible future airplanes.
aerospace
Creating the first ever Energy Summit in partnership with GSA Business highlighted 2013 for the Upstate SC Alliance’s Energy marketing efforts. Over 200 people came to learn about our strength in the Energy industry from nine of the region’s Energy experts. Leaders from Sempra US Gas & Power, GE Power & Water and Duke Energy took the stage together as our own Erin Ford moderated their panel discussion.
• We will continue our leadership role in E4 Carolinas to market the region as a key location in the energy corridor.
• We will travel with Energy task force members to extend the Upstate SC Alliance marketing message and to connect with additional industry leaders.
MAJOR IMPACT: In addition to our low power rates and reliable energy sources, new SC data center incentives and a streamlined state permitting process now make the Upstate a competitive region for data center recruitment.
energy
The Upstate SC Alliance continues to focus its efforts on the five key industries identified in the 2009 Target Industry Study. These five industries represent the highest growth potential for capital investment and job creation based on our region’s competitive advantages. In 2013, we continued to strengthen our recruitment efforts in these industries through a multifaceted marketing approach. Below is a summary of the highlights and major impacts to those targets over the past year.
Announcements in the Advanced Materials industry for 2013 totaled $404.4 million. We are proud to have such a robust and diverse group of Advanced Materials companies that call the Upstate home. Due to the fact materials reach across every one of our target industries, it is no surprise that this continues to be a leader of capital investment for such a strong manufacturing environment.
MAJOR IMPACT: Colgate-Palmolive announced a large operation in Greenwood County, bringing another globally recognized firm to the region. Bericap and Fitesa each announced new investment for the Upstate region – along with 30 other companies that continue to thrive in South Carolina.
advanced materials
The Automotive industry accounted for more than 1/3 of the jobs and capital investment announced in the Upstate for 2013. The majority of this past year’s investment and job growth stems from our existing industries, including Michelin, Sage Automotive, ZF, Borg Warner, and BMW which continue to be strong catalyst for economic development.
The region also welcomed 12 new automotive companies with plans to open engineering offices, manufacturing facilities, North American headquarters, sales offices, and logistic operations in the Upstate. The majority of these new companies come from countries such as Japan, Germany, and Israel.
Marketing missions included a state-led delegation to IAA in Frankfurt Germany with the Governor, multiple missions to Michigan, and attendance at the CAR Management Briefing Series and the OESA Annual Outlook meeting.
automotive
4
2014 maJor marketing & Business deVelopment calendar
Energy Leadership Awards
Site Selectors Guild
Aerospace & Defense Supplier Summit
Interphex
Hannover Messe
SAE World Congress/Detroit Mission
SEDC Meet the Consultants
SEMDA Conference
Energy Inc. Summit
JEC Americas
International BIO
Farnborough Air Show
Southern Automotive Conference
FABTECH
OESA Annual Outlook/Detroit Mission
EVENT
EVENT
EVENT
SC Automotive Summit
GACC- Southern SME Forum
Food For Thought
Port Consultant Event
BMW Charity Pro-Am
Euphoria Consultant Event
SC BIO Conference
InnoMobility
Jan 30
Feb 24 - 26
March 11 - 15
March 18 - 20
April 7 - 11
April 7 - 10
April 15 - 16
May 7 - 8
May 9
May 13 - 15
June 23 - 26
July 14 - 20
Oct 8 - 10
Nov 11-13
Nov 11
DATE
DATE
DATE
Feb 18 - 20
April 7
April 29 - May 1
May 12 - 14
May 15 - 18
Sept 18 - 21
Nov TBA
Nov TBA
Charlotte, NC
Denver, CO
Seattle, WA
New York, NY
Germany
Detroit, MI
Dallas, TX
Atlanta, GA
Charlotte, NC
Atlanta, GA
San Diego, CA
United Kingdom
Birmingham, AL
Atlanta, GA
Detroit, MI
LOCATION
LOCATION
LOCATION
Upstate SC
Upstate SC
Upstate SC
Upstate SC
Upstate SC
Upstate SC
Upstate SC
Upstate SC
Energy
Site Consultants
Aerospace
Pharma
Various Industries
Automotive
Site Consultants
Medical Device
Energy
Advanced Materials
Biosciences
Aerospace
Automotive
Advanced Materials
Automotive
TARGETS
TARGETS
TARGETS
Automotive
German Industries
Various Industries
Site Consultants
Various Industries
Site Consultants
Biosciences
Automotive
tradeshows/conFerences
inbound events
mission trips
COI = centers of influence, site consultants, national/international real estate brokers/developers
Items presented on this calendar are subject to change without notice. Supplemental calendar items added throughout the year are dependent upon funding. For those events organized by the Upstate SC Alliance, there may be instances where participation will be limited due to capacity constraints.
5
COI Mission
German Mission
Clemson Bio Mission
COI Mission
United Kingdom Mission
Asian Mission
Canadian Mission
COI Mission
India Mission
COI Mission
COI Mission
Jan 15 - 17
March 8 - 15
May 23 - 30
July TBD
Aug 18 - 21
TBD
Sept 29 - Oct 2
Oct TBD
Nov 12-22
Dec 3 - 5
Dec TBD
Atlanta, GA
Germany
Spain
New York, NY
United Kingdom
China & Japan
Canada
Raleigh, NC
India
Atlanta, GA
Charlotte, NC
Site Consultants / COIs
Various / Automotive
Biosciences
Site Consultants / COIs
Various Industries
Various Industries
Various Industries
Site Consultants / COIs
All Industries and Govt
Site Consultants / COIs
Site Consultants / COIs
63 PROJECTSCurrently working
CALLS
SURVEYS
LEADS
MEETINGS
to identify leads based on specific geographies and industries
measuring a company’s interest in relocation
on companies with either a long or short term interest
with decision makers looking to relocate
347 SUSPECTS2+ years out
marketing & Business deVelopment milestones
2013 Announced Capital Investment and Job Creation
$1,068,750,500 capital investment4,951 Jobs
2013 pipeline
external call program
2013 marKeting initiatives
11,808
43
802121
18 TRADESHOWS/CONFERENCES
8 INTERNAL EVENTS
6 MISSION TRIPS
129 LEADS<2 years out
The following is the result of a 12 month external call program to raise
awareness for the region and to identify companies with relocation plans.
53 PROSPECTSPending formal request
+
+
+
6
4-year looK
presentations
4-year looK
rFis
4-year looK
visits
364 presentations made to external market audiences about the Upstate 75 visits by companies and centers
of influence to the Upstate53 formal prospect information requests issued to economic development teams
*2012 and 2013 numbers include all visits from companies and COIs. Prior to 2012, visits recorded were project-related only.
0
100
200
2013
364
2010 2011 2012
202
272
339
300
400
0
20
40
2013
75
2010 2011 2012
41
33
69
60
80
0
15
30
2013
53
2010 2011 2012
3633
4645
60
0
100
200
2013
364
2010 2011 2012
202
272
339
300
400
0
20
40
2013
75
2010 2011 2012
41
33
69
60
80
0
15
30
2013
53
2010 2011 2012
3633
4645
60
0
100
200
2013
364
2010 2011 2012
202
272
339
300
400
0
20
40
2013
75
2010 2011 2012
41
33
69
60
80
0
15
30
2013
53
2010 2011 2012
3633
4645
60
592 COMPANIESin active pipeline
15,000
18,000
Jobs
21,000
12,000
20112010 2013
9,000
6,000
3,000
$5.0B
$6.0B
CapitalInvestment
$7.0B
$4.0B
$3.0B
$2.0B
$1.0B
11,730 $4.98B
6,319
15,847
2012
$1.87B
$6.05B
20,798
15,847
$2.67B
$2.67B
2010-2013 total capital inVestment & JoB creation4 YEAR TOTAL: $6.05 BILLION IN CAPITAL & 20,798 NEW JOBS
7
A.L. Industries Inc. McLaughlin Body Co.ACS Project AbbyAssociated Hardwoods Project ApostleBonadent Dental Labs Project MarvelClemson Education Facility PublixCOE Optics LLC Roding Technology North America LLCColgate-Palmolive Co. SC Tool Inc.Edgewater Automation SMF Inc.FedEx Ground Package System Inc. Smooth-Bor PlasticsHeiche US Surface Technology Sweet Street DessertsIndustrial Coaters Technology Solutions of SC Inc.in-tech Automotive Engineering The Crown GroupIntegro Earth Fuels TIGGES USA LLCInternational Recycling Group U.S. Waffle CompanyKL Logistics Valley Grinding & ManufacturingLindoerfer + Steiner GmbH Materials Sciences Corp.
ABB Baldor Covidien Orian RugsAdvanced Composite Materials LLC Detroit Forming Inc. PackIQAmazon Divatex Home Fashions Plastic Omnium Auto Exteriors LLCAmerican Credit Acceptance Fitesa Simpsonville Project CommodoreAVI Foodsystems Inc. Flame Spray North America Project DrakeBeauty Systems Group LLC Fraenkische Industrial Pipes Sage Automotive InteriorsBelk Inc. General Machine Sargent MetalBericap USA Glen Raven Sekido Technology Corp.BMW Manufacturing Corp. Greenfield Industries SonocoBMW/Syncreon Integrity Tool Standard TextileBorgWarner Inc. International Paper TaylorMade Golf Co.CCL Jeffrey Rader Corp. Timken BearingsCherokee Core Materials Laserflex Trimite Powders Inc.Suminoe Textile of America Lear Corporation Ulbrich Precision Flat Wire Inc.Contec Inc. Mergon Vulcan Materials CompanyCooper Standard Milliken & Co. ZF Transmissions Gray Court LLCCopac Global Packaging Norboard
$1.87 Bill ion6,319 Jobs | 49 Projects
$805 Million 5,411 Jobs | 53 Projects
$2.31 Bill ion4,117 Jobs | 66 Projects
32 new companies$426,719,500 in capital investment | 2,303 new Jobs
50 existing companies$642,031,000 in capital investment | 2,648 new Jobs
EXCEEDED 5 YEAR GOAL OF $4.5 BILLION IN CAPITAL & 18,000 NEW JOBS
$1.07 Bill ion4,951 Jobs | 83 Projects
The Upstate SC Alliance engages an independent CPA firm to perform an annual audit of its financial statements.
The audit of the 2012 financial statements was completed in September 2013. The independent CPA issued an unqualified audit opinion. Copies of the audit are on file at the Upstate SC Alliance.
The financial statements presented in the report represent collective statements of all Alliance activity. The statements represent grant and one-time funding activities incorporated into the overall revenues and expenses. This collective reporting provides a more comprehensive view of the scope of work completed by the Upstate SC Alliance in 2013.
2013 financial executiVe oVerView
assets
$1,667,476.43 TOTAL LiAbiLiTies & CAPiTAL
$(91,052.11)total capital
$1,189,009.89
current assets
total
Petty Cash $484.47
Palmetto Bank Account $122,874.89
Palmetto Bank - Money Market Contingency $129,773.09
Palmetto Bank - Money Market State Funds $366,494.11
Palmetto Bank - Money Market DOC Funds $34,000.00
Palmetto Bank - Money Market EMSI Funds $49,500.00
Palmetto Bank - Pilot Program Funds $54,000.00
Pledges Receivable - Public $52,214.74
Pledges Receivable - Private $291,500.07
Other Receivables $1,333.12
Prepaid Expenses $86,835.40
long term liabilities
Note Payable-Palmetto Bank $272,428.37
Deferred Lease Liability $120,913.56
$393,341.93 total
8
$478,466.54
property & eQuipment
total
Office Furniture & Equipment $276,780.97
Office Upfit $447,345.39
Accumulated Depreciation $(245,659.82)
liabilities
$1,365,186.61
current liabilities
total
Accounts Payable $23,130.00
Other Payables $75,549.40
Deferred Revenues - Public $105,618.45
Deferred Revenues - Private $552,707.36
Deferred Revenues - Naming Rights $10,666.68
Palmetto Bank LOC $32,603.00
Unearned State Funds $400,599.22
SC Dept of Commerce Pledge $34,000.00
Deferred Grant Income $130,312.50
capital
$(91,052.11)
net assets
total
Beginning Unrestricted Net Assets $(195,427.60)
Change in Net Assets $104,375.49
$1,189,009.89 + $478,466.54
$1,667,476.43
total assets
$1,365,186.61 + $393,341.93 $1,758,528.54
total liabilities
$1,758,528.54 + $(91,052.11)
2013 financial summary & historical analysis
Investor RevenueSponsorships/Other Revenue/Other Grants
State Funds Applied to Budget
Investor Materials & PublicationsTravel & Meetings
Meals & Entertainment
Total Operational ExpenseTotal Program & Service Expenses
Total Fundraising Expense
Accounting FeesAuto Expenses
Insurance - EmployeesEmployee Benefits - Retirement
Insurance - CorporateBank Charges & Interest
IT SupportMiscellaneous
Office ExpenseOffice LeasePayroll Taxes
SalariesTemporary or Subcontractor Wages
TrainingCorporate Growth Initiatives
Payroll/SalariesMarketing Tools & Publications
Presentation Center / Special CampaignsMarketing Tools - Website
Prospect & COI RecruitmentEconomic Development Travel & Events
Economic Development Research**Public Relations
Trade ShowsMission Trips
In Bound EventsMiscellaneous
$1,874,449.21
$55,879.66
$1,697,264.42
$500,000.30
$1,141,384.46
2013 Actual
2013 Actual
2013 Actual
2013 Actual
2013 Actual
$1,222,083.59 $93,495.76
$558,869.86
$13,890.55 $20,252.52 $21,736.59
$500,000.30 $1,141,384.46
$55,879.66
$41,187.63 $24,264.63 $61,970.61 $19,266.52
$7,936.91 $23,017.57 $19,962.85 $42,219.28 $45,456.66 $70,220.95 $10,277.07
$125,162.31 $620.80
$8,436.51 -
$561,668.72 $90,955.59
- $69,517.93
$8,849.24 $22,068.31
$100,156.17 $32,063.64 $52,224.08
$117,728.40 $85,282.65
$869.73
$1,944,903.81
$70,200.00
$1,944,247.91
$588,215.18
$1,285,832.73
2013 Budgeted
2013 Budgeted
2013 Budgeted
2013 Budgeted
2013 Budgeted
$1,347,490.00 $26,318.00
$571,095.81
$26,200.00 $18,000.00 $26,000.00
$588,215.18 $1,285,832.73
$70,200.00
$36,500.00 $25,689.00 $76,366.09 $16,544.52 $10,500.00 $57,432.00 $24,000.00 $60,400.00 $63,817.92 $88,045.74
$7,882.41 $106,037.50
- $15,000.00
-
$501,561.81 $115,500.00
$67,380.96 $75,000.00 $20,000.00 $43,500.00 $51,090.00 $66,000.00 $81,799.96
$153,500.00 $107,000.00
$3,500.00
2012 Actual
2012 Actual
2012 Actual
2012 Actual
2012 Actual
2011 Actual
2011 Actual
2011 Actual
2011 Actual
2011 Actual
revenue
Fundraising expense
expense summary
operational expense
program & service expense
total
total
total
total
total
The financial statements presented in this report are for the Alliance’s 2013 financial year which began January 1, 2013 and ended December 31, 2013. These statements have not yet been audited and are presented for information purposes only. Additional information can be obtained by contacting the Upstate SC Alliance.
For 2013, the Alliance’s revenue exceeded expenses by roughly $175,000.*
9
$1,691,754.34
$33,028.23
$1,688,073.00
$937,322.34
$717,722.43
$1,320,469.11$2,979.16
$368,306.07
$9,653.65$10,477.27$12,897.31
$937,322.34$717,722.43
$33,028.23
$28,659.16$23,591.18$42,887.70$15,885.46
$7,335.82$6,399.68
$14,336.17$58,861.48$55,124.03$76,510.35$44,390.81
$524,409.36$18,526.40
$6,029.74$14,375.00
-$93,310.36
$180,044.98$66,696.34$29,711.18$25,452.06$32,906.84$89,296.75$56,827.27$72,257.07$67,796.85
$3,422.73
$1,803,633.91
$35,955.67
$1,541,140.76
$556,086.47
$949,098.62
$1,318, 876.34$49,318.57
$435,439.00
$17,057.97$6,694.08
$12,203.62
$556,086.47$949,098.62
$35,955.67
$28,400.81$25,367.67$43,576.24$15,775.75
$7,435.44$23,138.29$21,305.16$45,775.69$61,384.65$61,190.12$12,268.60
$183,509.60$17,702.90
$9,255.55-
$368,066.17$31,191.72$75,000.00$61,482.25$12,874.07$61,231.21$27,598.76$17,087.70$42,549.68
$208,522.58$41,426.47
$2,068.01
*Must back out contingency & depreciation amount to get true number
**Substantial overage a result of 2 new programs (EMSI and Data Center Pilot Certification Program) covered by grants & sponsorships
harold thompson At Large
Mayor, City of Union
John miller, Jr. At Large
President, AnMed Health
alan Blackmon At Large
Director of Engineering, Blue Ridge Electric Cooperative
dr. ronnie Booth Vice President
President, Tri-County Technical College
david sudduth At Large
Executive Director, Community & Governmental Affairs, Greenville Health System
2013 Board of directors
max metcalf Secretary/Treasurer
Manager, Government & Community Relations, BMW Manufacturing
2013 executive committee
Jim evers Chairman
Regional Director, AT&T
francis crowder At Large
Chairman, Anderson County Council
Jennifer miller Interim President & CEO, Upstate SC Alliance
abbeville county – Steve Bowles
anderson county – Frances Crowder
cherokee county – Jim Cook
greenville county – Butch Kirven
greenwood county – Mark Allison
laurens county – Ernie Segars
oconee county – Paul Corbeil
spartanburg county – Jeff Horton
union county – Tommy Sinclair
city of clinton – Mayor Robert McLean
city of greenville – Mayor Knox White
city of greer – Reno Deaton
city of spartanburg – Mayor Junie White
city of union – Mayor Harold Thompson
greenville technical college – Dr. Keith Miller
spartanburg community college – Henry Giles
tri-county technical college – Dr. Ronnie Booth
Bmw manufacturing corporation – Max Metcalf
century 3, inc. – Greg Hall
clear channel – Bill McMartin
duke energy – George Acker
entercom – Steve Sinicropi
erwin penland – Joe Erwin
public sector board
college/university board
chairman’s circle contributors
10
russ weber At Large
President, Integral Solutions Group
clemson university – James P. Clements
the palmetto institute – Jim Fields
new carolina – Laura McKinney
micco corporation – Minor Shaw
sc department of commerce – Secretary Bobby Hitt
abbeville county – Steve Bowles
greer development corporation – Reno Deaton
irv welling – Chair Emeritus
Bill workman – Emeritus Board
honorary board
economic development
emeritus
afl telecommunications – Jody Gallagher
anmed health – John Miller
at&t – Jim Evers
BB&t – Tom Eller
Blue ridge electric co-op – Charles Dalton
Bmw manufacturing corporation – Max Metcalf
Bon secours st. francis health system – Mark Nance
cargo – Dan Gliatta
century 3, inc. – Greg Hall
certus Bank – Walter Davis
clear channel – Bill McMartin
duke energy – George Acker
elliott davis llc – Richard E. Davis
endeavor insurance services – John Adair
entercom – Steve Sinicropi
erwin penland – Joe Erwin
fairway outdoor advertising of the gsa – Terry Graves
find great people – John Uprichard
greenville spartanburg airport – Dave Edwards
haynsworth sinkler Boyd – Frank Davis
integral solutions (a J.m. smith company) – Russ Weber
mau workforce solutions – Randall Hatcher
piedmont municipal power agency – Coleman Smoak
piedmont natural gas – Hank McCullough
rödl langford de kock llp – Steve Cooper
santee cooper – Josh Kay
sc state ports authority – Jim Newsome
scansource – Mike Baur
sempra us gas & power – Mike Gallagher
suntrust Bank – David Torris
smith moore leatherwood – Frank C. Williams
the cliffs communities – David Sezna
upstate electric co-ops – Broad River Electric, Douglas Wilson Laurens Electric, Randy Garrett Little River Electric, Roland White
Verdae – Rick Sumerel
wells fargo – Chris Fincher
womble carlyle sandridge & rice – Keith Munson
young office – Thomas Young
private sector board
2013 inVestorsGreenville Health System
Greenwood Partnership Alliance
Jackson Marketing Group
Nelson Mullins
Santee Cooper
CBRE/Furman Company
Johnson Development Assoc.
Oconee Medical Center
Thornblade Club
Charter Business
City of Fountain Inn Natural Gas and Economic Development Group
Embassy Suites Resorts Hotel
Evans General Contractors
Fifth Third Bank
Gallivan White & Boyd, P.A.
HSBC Bank USA
Laurens CPW
McAngus Goudelock & Courie
MTC Federal Credit Union
O’Neal
Pacolet Milliken
Palmetto Health Baptist-Easley Hospital
Peoples Bancorp., Inc.
Rosenfeld/Einstein
SC Biz News, LLC
SC Power Team
SC State Ports Authority
Smoak PR
Southwest Airlines
Sunbelt Rentals
TD Bank
The Oliver Group
Touchpoint Energized Communications
partners
advocates
sponsors
12
Allen Tate Relocation and Corporate Services
Alliance Consulting Engineers
Anderson Area Chamber of Commerce
Appalachian Development Corporation
Bank of America - Merril l Lynch
Bob Jones University
Brasfield & Gorrie
Cely Construction
CMC Cary Engineering
CMC South Carolina Steel
Coldwell Banker Caine
Crowne Plaza
Eastern Industrial Supplies, Inc.
Enterprise Rent-A-Car
Faithful + Gould
First Tennessee Bank
Global Performance, a Wood Group Mustang Company
Goodwyn, Mills and Cawood, Inc.
Greater Greenville Association of REALTORS
Greenville First Bank
GSA Business
Haley & Aldrich
Harper Corporation
Hogan Construction Group
Human Technologies Inc.
Indexx Printing Solutions
KBR Building Group
Laurens County Healthcare System
Laurens County Water and Sewer Commission
Lockheed Martin
M.B. Kahn Construction Co., Inc. / ARGO Division
Friends
Colliers International
Dixon Hughes Goodman LLP
Greenville Chamber of Commerce
Greenville Water System
Gregory Pest Solutions
ICA Engineering
Innovate Anderson
Intune Logistics
MSI Viking Gage
Mumford Industries, Inc.
Promotions Unlimited
SC Technology & Aviation Center (SCTAC)
The SUNNIE Harmon & John DeWORKEN Group
TPM
Upstream Identity
Vannoy Construction
supporters
stay engaged.stay inFormed.
upstateSCalliance.com
Follow us @scupstate
Find us at facebook.com/upstatescalliance
Watch at youtube.com/upstatescalliance
13
McMillan Pazdan Smith Architecture
McNair Law Firm, P.A.
Melloul-Blamey Construction SC Ltd.
Moss & Associates
NAI Earle Furman Co.
National Bank of South Carolina
Nexsen Pruet
Opus 3, LLC
Parker, Poe, Adams & Bernstein
Performance Payroll
Pickens Railway Company
Proterra
Berkshire Hathaway HomeServices C. Dan Joyner, Realtors
Regions Bank
Roebuck Buildings Co.
South Carolina Bank and Trust
The Garland Company
Spinx Company, Inc.
Thomas Creek Brewery
URS Constructors, Inc.
Windsor/Aughtry Company
Wyche Burgess Freeman and Parham, P.A.
Yeargin Potter Shackelford Construction
124 Verdae Boulevard, Suite 202
Greenville, SC 29607
864.283.2300
upstatescalliance.com