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The Volvo Effect

May 14, 2015   By Mollie Gore in Economic Development
I had a voicemail this morning from a reporter based in London. That's an unusual start to my day: I frequently get calls from media in other states, but not often from other countries.

I call it the Volvo effect, and that call is just a hint of the interest generated by Volvo Car Corp.'s decision to build a manufacturing plant in northwestern Berkeley County.

This announcement follows an aggressive, professional recruiting initiative led by Gov. Nikki Haley and Commerce Secretary Bobby Hitt and including many other partners: the South Carolina Power Team , the South Carolina Ports Authority , Berkeley County , ReadySC , Edisto Electric Cooperative and Berkeley Electric Cooperative , to name a handful.

Santee Cooper and Berkeley County have agreed to purchase property for the project, with Berkeley owning the actual Volvo site. Santee Cooper will keep close to 4,000 acres to develop into additional industrial sites for companies who... Continue Reading >>