The Top Three Growing Business Industries in Greenville, South Carolina
There are a few primary business industries that are becoming extremely successful in the Greenville-Spartanburg area.
Greenville, South Carolina is one of the most thriving economic cities in the Southeast and is generally known for its improvements and innovations in healthcare, education, and sustainability. But there are a few primary business industries that are becoming extremely successful in the Greenville-Spartanburg area, and they are influencing the way entrepreneurs are starting, growing, and acquiring businesses. Manufacturing, distribution, logistics, and technology are all prominent business industries in the upstate and are changing the dynamics of jobs and entrepreneurship. Diverse industries are significantly flourishing in Greenville, and Viking Mergers & Acquisitions is here to represent business owners that are moving into the diverse business city. Said to be the “economic engine of South Carolina” by the Greenville Area Development Corporation, Greenville is set for a prosperous future. If you’re an entrepreneur looking to start a business or plan on acquiring one of your own, Greenville is the perfect place to do so. Below are the top three growing business industries in Greenville-Spartanburg, South Carolina.
Upstate South Carolina happens to be one of the strongest manufacturing sectors in the United States, making it a popular hub for entrepreneurs of all ages and backgrounds. Greenville houses the headquarters of GE Energy, Michelin, BMW, Bosch, Fluor, Magna, and other top leaders that are influencing the industry. The automotive, aerospace, biotech, and advanced materials manufacturing sectors are attracting educated entrepreneurs of all ages. At Viking M&A, we represent business owners spanning across the board industry wise, but manufacturing is one of our specialties. We have represented a handful of manufacturing companies, and strive to keep our positive reputation prominent within the industry. Visionary leaders have influenced the way the manufacturing sector is thriving and prospering in the Greenville-Spartanburg area, and according to the Harvard business review, the city is considered to be a model for visionary leadership, positive work ethic, customized training and collaboration within the business community.
Distribution, logistics, and transportation companies are all increasing dramatically in the Greenville-Spartanburg metro area, producing a fifth of all jobs in the state. This is because of the number of manufacturing companies, distribution centers, and warehousing facilities in the city that are producing, as well as low labor costs for employees. Greenville is centrally located between two of the largest Southern cities and can be easily accessed by several major interstates, as well as two primary airports. The logistics industry is the foundation of the South Carolina economy, and distribution companies are significantly influencing transportation across the state. Hundreds of millions of tons are moved by truck, train, and plane each year. These tons will continue to grow as transportation efforts increase within the city. Commercial cargo and freight transportation networks are the foundation of the states rapidly producing manufacturing and distribution sectors. With the growth of manufacturing and distribution facilities comes endless possibilities for the Greenville logistics industry. The Palmetto State has the ideal infrastructure network in place for continued transit.
Most of the companies located in Greenville have a strong technology presence, thus creating a platform for a variety of tech businesses in the metro area. South Carolina’s tech sector employs tens of thousands, and this number continues to spike as hundreds of firms are opening across the state. The expansion is benefitting Greenville-Spartanburg especially, and this is mainly because of the enrollment in higher education facilities such as Greenville Technical College, Furman University, and ITT Technical Institute. Leading technology-based companies include Aeronix, Merit Technologies, Mattel, Synnex, NTT Data and Hitachi Solutions America, IBM, and Concentrix.
If you’re thinking about selling or buying a business in Greenville-Spartanburg, South Carolina, now is the perfect time. The Viking Mergers & Acquisitions Greenville team is here to support you during the phases of planning your exit strategy. Our goal is to guide you through the acquisition process and secure the highest price possible at closing. Are you interested in selling your Greenville-Spartanburg based business? Contact Viking today for a free valuation. If you’re interested in acquiring a business of your own, view our current business listings for sale.