The recent groundbreaking at Toray Industries in Spartanburg County, South Carolina, grabbed plenty of headlines.
To the casual observer, it appeared a group of company executives got together with state officials and representatives from Duke Energy and decided this was a good time and place to put up a building.
Duke Energy’s business recruitment team had actually been working on this economic development opportunity since 2007.
It took a long time to find just the right location and circumstances before anyone was ready to grab a ceremonial shovel.
There are a lot of states vying for the jobs and other economic benefits a prized company like Toray represents. And it takes the planning, patience, diligence and persistence of economic developers to achieve success.
Duke Energy works with its states and counties to make sure they’re ready when an opportunity arises. The company currently maintains 15 sites in five states through its Site Readiness Program that have been groomed to entice new or expanding businesses.
Preparation is much more than lifting a shovel full of dirt.