Michelin to invest $100 million more in Greenville County
November 12, 2020
Michelin North America will invest $100 million in Greenville County over 7 years as part of the company’s commitment to advanced manufacturing in the Upstate, the company has announced, with the investment going toward equipment and machinery “consistent with Michelin’s commitment to accelerate advanced manufacturing in the state,” according to a Michelin spokesperson.
Greenville County’s agreement, which offers the global tire manufacturer the ability to pay a set fee to the County rather than taxes, will be extended five additional years in exchange for Michelin’s decision to continue to invest in its facilities here. Michelin has long exceeded its original investment commitments under a 1996 agreement and does not change the amount Michelin pays to the County over the same period.
Michelin North America employs more than 9,700 workers in South Carolina with nearly 4,300 of those jobs in Greenville County. The French-owned company opened its first manufacturing facilities in Greenville in 1975 and brought its North American headquarters to Greenville in 1985. Over the past 40 years, Michelin has invested over one billion dollars in Greenville County and far more throughout the state.
