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Greenville Business Magazine

#YeahTHATAgenda: The Carolina Panthers' Economic Impact, PIQUE Pics, GSP's Future, 3 New Restaurants, SC Boeing Safety Concerns, Bee Spit Glue

Mar 29, 2019 09:03AM ● By Chris Haire
With South Carolina leaders wanting to offer the Carolina Panthers financial incentives to move their HQ to Rock Hill, it's a good time to ask: "What is the economic impact of the team?"

According to a University of South Carolina study, the Panthers had an annual impact of $636 million, with $512 million going to its home base in Mecklenburg County—and those were just the figures from 2012, a few years before Cam Newton took the team to the Super Bowl and finished the season with a 15-1 record.

Closer to home—and more recently—the Panthers’ summer training camp at Wofford had a reported economic impact of $13.24 million. That said, conventional wisdom suggests that if the team moves its HQ and facilities to South Carolina—again, Rock Hill with its short 20-minute drive from the Queen City seems to be a lock—they’ll likely be saying goodbye to the home of the Terriers and Spartanburg will be saying goodbye to good money.

PIQUE in Pictures: On Monday, Ten at the Top hosted over 300 young professionals at its annual PIQUE: Young Leaders Elevating the Upstate conference, 

YPs from across the 10 county Upstate came together to make connections and to attend workshops on developing executive courage, moving up the ladder, and the differences between millennials, boomers, and Xers.

The event was held at the Greenville ONE Center and was presented by ScanSource. Food and beverages were provided by Cribbs Catering and Growler Haus. Attendees were also treated to a  live art demonstration sponsored by the Melting Pot Music Society.

To see Bart Boatwright's photos of the event, click here.

Single-game tickets to the Greenville Triumph matches now on sale: The first home game is April 6 at Legacy Early College Stadium. Go here to order.

Greenville-Spartanburg International Airport plans future as passenger, cargo traffic hit record highs (Upstate Business Journal)

Burgers, smoked wings, arepas and empanadas: 3 new restaurant concepts coming to Upstate (Greenville News)

SC Boeing workers had safety concerns over production schedule, Senate hearing reveals (Post and Courier)

‘That’s what happens when a big plant shuts down in a small town.’ (Washington Post)

The FCC Has Fined Robocallers $208 Million. It’s Collected $6,790. (WSJ)

Steel Producer Nucor to Build $1.3B Mill in Rural Kentucky (Manufacturing.Net)

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The Wire
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Gov. Henry McMaster Announces Next Director Of The S.C. Department Of Social Services

Best & Brightest 35 and Under
Zachary Banks
Northwestern Mutual | Financial Representative
Age 31

Talking about finances can be overwhelming, so as a financial advisor, I simplify the conversation to help my clients see financial blind spots and anticipate big life changes, like starting a family. 

My wife Candace and I are expecting our first child in September. With the excitement of expecting, it’s easy to forget personal and long-term goals and get carried away in the excitement. 

As a financial advisor for the last 10 years, I remind expecting parents to start or build up their emergency fund and have six months of living expenses set aside to cover additional expenses that come with a newborn. New parents will need money to help subsidize lost income from maternity or paternity leave, purchase expensive baby essentials, and cover medical expenses. I also remind couples to keep funding their retirement at the highest level possible so their children aren’t worried about how to care for them as they age. 

Times like these make my job as a financial advisor rewarding, especially when families decide to make smart financial decisions about parenthood before diaper changes and middle-of-the-night feedings start. I’m as ready as I will ever be for this new chapter of my life.