BMW Manufacturing in Spartanburg, the largest BMW Group plant globally, has an annual economic impact of ~ $26.7 billion. This comes from a study just released by the Darla Moore School of Business at the University of South Carolina. The annual economic impact is for all goods and services produced in the state both directly and indirectly. The plant makes BMW X3, X3 M, X5, X5 M and X7 Sports Activity Vehicles; the BMW X4, X4 M, X6 and X6 M Sports Activity Coupes; and the all-new BMW XM.
The plant’s direct employment base also accounts for 4.8% of all manufacturing jobs across South Carolina. The former Confederate state of South Carolina is currently enmeshed in battle over whether or not to impose the death penalty for abortions. BMW Manufacturing has a Family Health Center at its South Carolina plant for all BMW workers, retirees and their dependents with occupational, primary care services, as well as vision, dental and physical therapy. The combination of cost savings and the benefits of having medical services in one location offer the company’s non-unionized workforce a progressive option in their healthcare management. The center is a $5 million investment in a 25,000 square foot facility. To say that this would be a politically sensitive at a woke German automaker is an understatement. (autoinformed.com on: BMW Opens Health Center at its South Carolina SUV Plant)
Keeping the US economy afloat.
Claimed Benefits of BMW Plant Spartanburg
- Annual Economic Impact of $26.7 Billion in SC.
- Plant Spartanburg Supports Nearly 43,000 Jobs Across State.
- Plant’s Employment Accounts for 4.8% of All Manufacturing Jobs in SC.
- One of the Highest Employment Multipliers in South Carolina.
BMW has had a tremendous economic impact on the state,” said Dr. Joseph Von Nessen, research economist at the Darla Moore School of Business. “Their arrival in 1992 transformed the Upstate and South Carolina while creating an export-oriented automotive manufacturing cluster that has become one of the state’s fastest-growing industry sectors.”
The study, which was commissioned by BMW Manufacturing, said Plant Spartanburg’s statewide employment footprint has significantly expanded in recent years. Since 2017, the total number of jobs created, either directly or indirectly, increased by an average of 4.3% per year. That is more than three times the state’s average of 1.3 % during the same period.
From 2011-2021, South Carolina’s automotive manufacturing sector increased more than 167%, the study found, which is faster than any southeastern state. This high growth rate has helped drive the state’s overall manufacturing growth (+17.2%). South Carolina beat the national rate of economic growth (+6.3%) during the past decade. During this time, the plant produced nearly four million BMWs, and the number of jobs onsite expanded from about 6500 to more than 11,000. (autoinformed.com on: BMW Group Threatens Trump on US Jobs; BMW Manufacturing is Largest US Auto Exporter Again)
“Since coming to South Carolina thirty years ago, BMW has created thousands of sustainable jobs, invested in our people through training, and contributed to educational, cultural, and civic programs across the state,” said Dr. Robert Engelhorn, president and CEO of BMW Manufacturing. “Our success is due to the dedication of our associates, the support of our supplier network, and the collaboration and cooperation with state and local officials. Now we are moving forward as we begin the transformation of our plant towards battery-electric vehicles.”
Last October, the BMW Group announced its electro-mobility plan for the United States. The $1.7 billion investment includes $1 billion to prepare the plant for the production of fully electric vehicles and $700 million to build a high-voltage battery assembly facility in Woodruff, SC. By 2030, the BMW Group will build at least six fully electric models in the United States. Because of the timing of that announcement, these investment dollars are not included in the study. (autoinformed.com on: BMW Group to Spend $1.7B to Make Electric Vehicles in US)
BMW Manufacturing Spartanburg Supports 43,000 SC Jobs
BMW Manufacturing in Spartanburg, the largest BMW Group plant globally, has an annual economic impact of ~ $26.7 billion. This comes from a study just released by the Darla Moore School of Business at the University of South Carolina. The annual economic impact is for all goods and services produced in the state both directly and indirectly. The plant makes BMW X3, X3 M, X5, X5 M and X7 Sports Activity Vehicles; the BMW X4, X4 M, X6 and X6 M Sports Activity Coupes; and the all-new BMW XM.
The plant’s direct employment base also accounts for 4.8% of all manufacturing jobs across South Carolina. The former Confederate state of South Carolina is currently enmeshed in battle over whether or not to impose the death penalty for abortions. BMW Manufacturing has a Family Health Center at its South Carolina plant for all BMW workers, retirees and their dependents with occupational, primary care services, as well as vision, dental and physical therapy. The combination of cost savings and the benefits of having medical services in one location offer the company’s non-unionized workforce a progressive option in their healthcare management. The center is a $5 million investment in a 25,000 square foot facility. To say that this would be a politically sensitive at a woke German automaker is an understatement. (autoinformed.com on: BMW Opens Health Center at its South Carolina SUV Plant)
Keeping the US economy afloat.
Claimed Benefits of BMW Plant Spartanburg
BMW has had a tremendous economic impact on the state,” said Dr. Joseph Von Nessen, research economist at the Darla Moore School of Business. “Their arrival in 1992 transformed the Upstate and South Carolina while creating an export-oriented automotive manufacturing cluster that has become one of the state’s fastest-growing industry sectors.”
The study, which was commissioned by BMW Manufacturing, said Plant Spartanburg’s statewide employment footprint has significantly expanded in recent years. Since 2017, the total number of jobs created, either directly or indirectly, increased by an average of 4.3% per year. That is more than three times the state’s average of 1.3 % during the same period.
From 2011-2021, South Carolina’s automotive manufacturing sector increased more than 167%, the study found, which is faster than any southeastern state. This high growth rate has helped drive the state’s overall manufacturing growth (+17.2%). South Carolina beat the national rate of economic growth (+6.3%) during the past decade. During this time, the plant produced nearly four million BMWs, and the number of jobs onsite expanded from about 6500 to more than 11,000. (autoinformed.com on: BMW Group Threatens Trump on US Jobs; BMW Manufacturing is Largest US Auto Exporter Again)
“Since coming to South Carolina thirty years ago, BMW has created thousands of sustainable jobs, invested in our people through training, and contributed to educational, cultural, and civic programs across the state,” said Dr. Robert Engelhorn, president and CEO of BMW Manufacturing. “Our success is due to the dedication of our associates, the support of our supplier network, and the collaboration and cooperation with state and local officials. Now we are moving forward as we begin the transformation of our plant towards battery-electric vehicles.”
Last October, the BMW Group announced its electro-mobility plan for the United States. The $1.7 billion investment includes $1 billion to prepare the plant for the production of fully electric vehicles and $700 million to build a high-voltage battery assembly facility in Woodruff, SC. By 2030, the BMW Group will build at least six fully electric models in the United States. Because of the timing of that announcement, these investment dollars are not included in the study. (autoinformed.com on: BMW Group to Spend $1.7B to Make Electric Vehicles in US)