IBM innovation center to get new home at USC

Lori Steele (left) of IBM and state Senate President Pro Tempore Hugh Leatherman don hard hats at Thursday’s groundbreaking for the Center for Applied Innovation at the University of South Carolina. (Photo/James T. Hammond) The Columbia campus will function in part to grow the pool of skilled computer analysts who can provide the new services envisioned by IBM. The Fluor Corp., a building tenant, will collaborate on research with IBM and the university.  Read More...

Haley, Hitt hit road on economic development mission

Gov. Nikki Haley’s office declined to say where she and Commerce Secretary Bobby Hitt were traveling to, but it added that the trip is focused on adding jobs. Trade press speculation centered on Jaguar Land Rover, based in Coventry, England. Last week, Ratan Tata, chairman emeritus of Tata Motors, told Automotive News his company’s Jaguar Land Rover unit was looking for a site in North America to build a manufacturing plant. Read More...

Future of S.C. State worries small business, impacts recruiting

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Orangeburg shop owners worry that even talk of shutting down S.C. State University could hurt their bottom lines. Meanwhile, officials report uncertainty about the university’s future doesn’t help economic development efforts. Read More...

Midlands trio charged with collecting bogus unemployment benefits

The S.C. Department of Employment and Workforce said that between 2002 and 2013 the suspects registered five fictitious employer accounts with DEW and reported fake wages paid to employees for the purpose of collecting unemployment benefits. Altogether, the three collected about $70,000 in unemployment insurance benefits, DEW said. Read More...

First Citizens names Bennett to lead Ga. acquisition

Based in Columbia, James Bennett will oversee operations of Georgia-headquartered Capitol City Bank & Trust division of First Citizens. In addition, he will continue to serve as First Citizens’ executive for the South Carolina Central area.  Read More...


Edens closes on REIT acquisition

In an all cash deal, Columbia-based Edens said it paid $26.55 per share for AmREIT for a total of $763 million, including debt. Edens develops, owns and operates 117 retail centers in primary markets throughout the United States.  Read More...

Clarendon County hires new director of Development Board

Before joining the Clarendon County Development Board as executive director, George Kosinski served worked for the Sumter Development Board, helping to attract $900 million in capital investment, 4,200 new jobs, and the retaining of 850 jobs. Read More...