The Spartanburg Professional Baseball Club has unveiled its name and logo. The name Hub City Spartanburgers pays homage to the city’s historic role as a major railroad hub from the early 1850s until 1936, a pivotal period that shaped the growth and identity of Spartanburg, according to a news release. The logo and branding incorporate these elements, serving as a bridge between the city’s past and its vibrant future. “It was extremely important to us that when choosing a name for the club, we not only referenced a piece of Spartanburg’s history, but we also captured the fun personality and ene ..read more

The Federal Reserve has yet to reach its goal of 2% inflation but expects to cut its interest rate later this year, according to Reserve Chair Jerome Powell. “Tight monetary policy continues to weigh on demand, particularly in interest-sensitive spending categories,” Powell said in a statement following his April 3 address to the Stanford Graduate School of Business. “Nonetheless, growth in economic activity and employment was strong in 2023, as real gross domestic product expanded more than 3% and 3 million jobs were created, even as inflation fell substantially.” The federal interest rates r ..read more

Hot Properties is a weekly roundup of commercial real estate transactions across the Palmetto State. Submit your commercial real estate transactions for our Hot Properties report through our online forms in the Lowcountry, the Midlands or the Upstate. Contact Ross Norton at rnorton@scbiznews.com for more information. Recent commercial real estate transactions include: Lowcountry Ben Perrone and John Nunn of CHS Property Team — Rainbow Row Real Estate — represented the buyer, The Regatta Folly LLC, in the sale of 4,838 square feet of inn/bed and breakfast space at ..read more

Under Construction is a roundup of some of the recent and ongoing commercial construction projects going on across South Carolina. Architects, contractors, engineers and other players in the construction industry are welcome to submit projects with photos to SC Biz News. Submit projects through our online forms in Charleston, Columbia and Greenville. FN Americas PF-2 256 Financial Blvd. Liberty Owner: FN America, McLean, Va. Architects: MCA, Greenville General contractor: THS Constructors Inc., Greenville Engineers: Davis & Floyd, Greenville (civil); Arrowood & Arrowood, Greenville (st ..read more

Dallas-based general contracting and construction firm Balfour Beatty has named a new president of operations in the Carolinas. The company has announced the appointment of Jeff Sandeen to president of the company’s Carolinas operations. Sandeen will provide strategic, operational oversight, build on Balfour Beatty’s commitment to meeting the expanding needs of clients and partners in high-growth markets, as well as work alongside local leadership teams to help leverage collaboration, innovation and best practices, according to a news release. The company also named Emily Kay as president of C ..read more

Under Construction is a roundup of some of the recent and ongoing commercial construction projects going on across South Carolina. Architects, contractors, engineers and other players in the construction industry are welcome to submit projects with photos to SC Biz News. Submit projects through our online forms in Charleston, Columbia and Greenville. (Photo/DepositPhotos) Midlands Finlay Park Revitalization Project 930 Laurel St. Columbia Developer/owner: City of Columbia Architects: Stantec and LS3P, Columbia General contractor: Mashburn Construction, Columbia Engineers: Buford Goff & Ass ..read more

The Upstate cycling manufacturing industry has reached a new gear. Munich Composites GmbH, a manufacturer of carbon fiber bicycle rims, has been acquired by a new group in South Carolina headed by Greenville-based wheel manufacturer Boyd Cycling, according to a news release. This new company, Munich Composites SC, will continue to produce carbon fiber bicycle rims in Europe and expand production into Spartanburg County, the release stated. The South Carolina-based ownership group is led by Boyd and Nicole Johnson of Boyd Cycling as well as Cardinal Cycling Group, and other investors. Munich Co ..read more

An inaugural report has revealed for the first time the massive economic and jobs impact of the Charleston Marine Manufacturing Corp. Navy Yard Industrial Campus. CMMC unveiled its first comprehensive economic impact study, revealing a contribution of approximately $960.1 million annually to the Charleston County economy, according to a news release. Providing data on employment, growth trends, and heightened demand across industries served by CMMC tenants, this analysis illustrates a broad assessment of CMMC’s total economic influence on Charleston County, the tri-county region and the state ..read more

Hot Properties is a weekly roundup of commercial real estate transactions across the Palmetto State. Submit your commercial real estate transactions for our Hot Properties report through our online forms in the Lowcountry, the Midlands or the Upstate. Contact Ross Norton at rnorton@scbiznews.com for more information. Recent commercial real estate transactions include: Midlands Henry Roe, Allen Wilkerson and Crawford Prezioso of Colliers represented Greenleaf Investment Partners in the lease of 1,165 square feet of office space at 107 Westpark Blvd. in Columbia to ..read more

South Carolina was awarded nearly $125 million in federal funding Monday to launch new statewide programs that will expand residential-serving community solar and grow its clean energy workforce, fueling renewable energy solutions to the Palmetto State’s growing energy generation demands, according to a news release. The South Carolina Office of Resilience (SCOR) will receive $124.4 million to launch its Community Solar Initiative, a distributed solar generation program to install solar on single-family and multi-family homes for income-qualified homeowners and renters, and a Solar Innovation ..read more