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Greenville’s per capita income was relatively stable with some minor growth before the mid-1980s, but rocketed for the next 15 years from 91 percent of the national economy to 101 percent by 2000.
That meant Greenville, through the attraction and growth of major companies such as BMW, Michelin, GE and Kemet, was doing better than the average U.S county.
However, the per capita income inched downward during the 2000s back to 1986 levels of 91 percent of the national average. The $1.35 billion number comes from the calculation if Greenville residents had remained at 100 percent of the national per capita income levels.
At least five studies spurred by groups such as the City, Greenville Area Development Corp, the Chamber, Clemson and the Upstate Alliance done in the past half decade show that Greenville fell behind because it did not change its economic development tools fast enough.
Greenville was late to the idea of promoting entrepreneurship and research collaboration with universities, the reports stated.
Greenville’s per capita income was relatively stable with some minor growth before the mid-1980s, but rocketed for the next 15 years from 91 percent of the national economy to 101 percent by 2000.
That meant Greenville, through the attraction and growth of major companies such as BMW, Michelin, GE and Kemet, was doing better than the average U.S county.
However, the per capita income inched downward during the 2000s back to 1986 levels of 91 percent of the national average. The $1.35 billion number comes from the calculation if Greenville residents had remained at 100 percent of the national per capita income levels.
At least five studies spurred by groups such as the City, Greenville Area Development Corp, the Chamber, Clemson and the Upstate Alliance done in the past half decade show that Greenville fell behind because it did not change its economic development tools fast enough.
Greenville was late to the idea of promoting entrepreneurship and research collaboration with universities, the reports stated.
Greenville may have been late to the party, but it certainly doesn't feel that way. There are so many economic development entities online now, it's hard to know where one leaves off and another begins. And, if the area was late to promoting entrepreneurship and collaboration with universities, it seems we've made up for it in spades by now. Look at downtown. Look at NEXT Greenville. Look at the Greenville Business Incubator. Look at CU-ICAR. Look at Greenville Hospital System University Medical Center. The list goes on and on.
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