Economy

Economy

Once known as “The Textile Capital of the World,” Greenville’s economy is now headquarters for a number of companies. The city is the North American headquarters for Michelin and sole manufacturing for BMW outside of Germany. Recently, the International Center for Automotive Research (ICAR) has been created by a consortium including Clemson University, BMW, Timken, IBM, Microsoft, Michelin, and the Society of Automotive Engineers International (SAE).

Surrounding ICAR along Interstate 85 a large office park, The Millennium Campus, has been built to attract more investment by large companies and their headquarters. Among the first to locate on the campus is Hubbell Lighting, Inc., a major manufacturer of commercial lighting systems. Lockheed Martin Aircraft & Logistics Center is a large aircraft maintenance facility located in Greenville at Donaldson Center Industrial Air Park, a former U.S. Air Force base. Donaldson Center is also home to 3M, Honeywell, and Stevens Aviation.