Greenville Area Development Corporation
PROMOTING AND ENHANCING THE ECONOMIC GROWTH AND DEVELOPMENT OF GREENVILLE COUNTY, SOUTH CAROLINA. GADC WAS FORMED BY GREENVILLE COUNTY COUNCIL.
Greenville Area Development Corporation
The Greenville Area Development Corporation (GADC) is a nonprofit organisation dedicated to economic development in Greenville County, South Carolina. Founded in 2001 by the Greenville County Council, it serves as the county's leading economic development agency.
Mission and Services
GADC's mission is to enhance the quality of life for Greenville County citizens by facilitating investment and job growth. The organisation provides a range of resources and services, including educational and legislative programs, strategic research tools, and business development consulting. It acts as a liaison between businesses, community leaders, and government agencies to ensure that business needs are met and addressed.
Achievements
Since its inception, GADC has been instrumental in creating over 37,400 new jobs and generating more than $8.3 billion in capital investment in Greenville County. This significant growth contributes to the area's vibrant economic landscape, making it an attractive hub for businesses.
Authority and Responsibility
GADC is uniquely authorized at the local level to negotiate property tax incentives for new and expanding companies. This authority allows it to attract businesses and encourage economic expansion within the region. Additionally, GADC supports infrastructure development to improve access to businesses and enhance the region's economic prosperity.
Strategic Planning
In recent years, GADC has adopted a comprehensive Economic Development Strategic Plan. This plan outlines clear metrics and goals for business attraction and retention, expansion of development tools and sites, and organisational outreach and capacity. These efforts are aimed at ensuring the long-term economic health and sustainability of Greenville County.
Economic Impact
GADC's economic impact on Greenville County is substantial. An economic impact study highlighted that the organisation's efforts have resulted in an annual impact exceeding $6 billion, with a cumulative impact of over $55 billion since its founding.
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