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Spartanburg

Investors - don't let this common-sounding city name fool you! Spartanburg is a large, vibrant city offering an abundance of jobs, high quality of life and ample recreational and educational opportunities. The area now known as Spartanburg was formed in 1730 when a treaty marking the boundary between South Carolina and the Cherokee Nation was signed. Today the boundary separates Spartanburg County and Greenville County. With over 260,000 residents in Spartanburg County this important city cannot be overlooked when considering where to invest in real estate.

Today, Spartanburg County is an internationally-recognized business center, boasting the highest per capita international investment in the country, according to a published report in the New York Times. Its international businesses are made of more than 100 foreign firms representing 20 countries. Close to the gorgeous Blue Ridge Mountains Spartanburg is part of the Greenville-Spartanburg metro area that is both vital to the South Carolina economy as well as a fantastic community people choose to call home.

Spartanburg's downtown is booming with a $170 million dollar investment there since 2001. This investment has created 1200 new jobs. Gorgeous new high rises and buildings shape the historic downtown landscape. The city serves as the national headquarters for companies including Denny's, QS1,, Extended Stay America and Advance America. The presence of many other European businesses helped Spartanburg land the new BMW manufacturing facility which employs 4,700 highly paid workers where they produce the Z4 Roadster and the X5 sports activity vehicle. In fact, Spartanburg County tops the list of U.S. cities for European business growth according to Expansion Management magazine, 2003.

Some other area employers include:
Kohler Milliken & Company
Mohawk Industries, Inc. Lear Corp.
Siemens Energy & Automation Mrs. Smiths Bakery
Alcoa Michelin North America, Inc.
Invista Seeber USA
Spartanburg Regional Healthcare System Spartanburg Steel Products Fallon Luminous Products Corp.

Additionally, Spartanburg is a genuine college town. The county boasts 6 area colleges: Converse College (an all female, private college), Sherman College of Straight Chiropractic, Spartanburg Methodist College, Spartanburg Technical College, University of South Carolina Upstate and Wofford College. More than 12,000 students attend these area colleges. Additionally, the area is home to the South Carolina School for the Deaf and Blind. All of these schools create an educated populous, cultural activities and several thousand jobs.

Consider these area statistics:
2003 Population : 261,281
Population Increase from 1990 - 2000 was 12%
Median Age : 36.1 Years
Median Family Income as of 2000 : $45,349 (represents a 42% increase since 1990!!)
Unemployment Rate for the Upstate : 5.6% (as of January 2005)
All workers commuting out of Spartanburg : 21,592
All workers commuting into Spartanburg : 26,874
SAT Scores 2004 - Composite for Spartanburg : 1007 (State was 986, National was 1015)

Spartanburg is one of South Carolina's better kept secrets for real estate investors. Because of its unremarkable name and of it being not as well known as areas like Myrtle Beach, Charleston and the like, it does not get as much attention as it should. Consider Spartanburg if you like a metropolitan city and less investor competition for tenants!! Call Danny Mimms or Christina Morrissey for more information about acquiring property in this fantastic city.





Converse College
Walnut Grove Plantation

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