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Study: $16.6 billion is BMW annual impact in South Carolina

By Jim Fair, Editor
Published on Friday, March 28, 2014

A new study just released by the Moore School of Business at the University of South Carolina, reports that the BMW Group has a $16.6 billion annual impact on the state economy. Its presence in South Carolina supports more than 30,000 jobs throughout the state.

The study found that for every job created at the Greer plant, an additional three jobs are created elsewhere in South Carolina through the economic multiplier effect.

“This is the fifth expansion since production began 20 years ago and represents another major investment,” said Manfred Erlacher, President/CEO of BMW Manufacturing in Greer. “The increase in annual capacity, the number of models produced, and the number of jobs on site, reinforce the major role BMW is playing in the region’s economic vitality through technological innovation, environmental stewardship, and development of a highly skilled workforce.”

In 2013, a total of 297,326 vehicles were manufactured in Greer, with 1,100 vehicles produced per working day. Total employment at the site reached 8,000 in March 2014, according to figures provided by BMW.

• Century BMW of Greenville was awarded the Center of Excellence by BMW of North America for 2013. Century is the 13th ranked dealership of 32 that achieved the “2014 Center of Excellence” (COE) status based on its 2013 performance. There are 339 BMW dealers nationwide.

 

 

Businesses mentioned in this article.

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