MENU

BMW at 20: Plant exceeds hopes, tax debate ongoing

December 24, 2012 • Business


FILE – This May 8, 2008 file photo shows the production line at the BMW assembly plant in Greer, S.C. It has been 20 years since BMW announced it would build an automotive plant in South Carolina. Two decades later, the plant churns out 30,000 vehicles a month and remains a touchstone in the state’s modern history. (AP Photo/The Greenville News, Ken Osburn, File)

GREER, S.C. (AP) — Two decades ago, then-South Carolina Gov. Carroll Campbell stood at the Greenville-Spartanburg airport and announced that a BMW plant being built just up the road would be a benchmark in the history of the state.

By most measures, the German automaker’s plant near Greer has exceeded some lofty expectations. BMW officials said they expected the plant to have 2,000 workers and make 6,500 luxury vehicles a month. In November, the factory’s 7,000 employees produced more than 25,000 of BMW’s crossover vehicles, which are a mix of an SUV and a coupe. In 20 years, BMW has invested $6 billion in South Carolina, an amount nearly equal to the state budget proposed by Gov. Nikki Haley this month.

“They never stopped building the plant. It has been a continuing expansion,” said Bruce Yandle, an economics professor emeritus at Clemson University.

BMW is now as much a part of modern South Carolina culture as barbecue buffets and The Shag, so much so that politicians have been chasing the next BMW ever since.

But some say that pursuit has had its drawbacks. BMW received hundreds of millions of dollars in public money and tax breaks. While that investment appears to have paid off, it also led to an often-cash-strapped state providing millions more in taxpayer money to hundreds of other companies — most of it without much public oversight — making it nearly impossible to judge the quality of these public Login to read more

Related Posts

Comments are closed.

« »