Page Overview: Economic Impact

BMW’s Economic Impact.

BMW is proud of its commitment and economic impact in the U.S. Since 1992, BMW has invested more than $10.6 billion in construction, equipment and other capital expenditures, and the Spartanburg plant has gone through six major expansions. The physical size of BMW Plant Spartanburg is approximately 7.0 million square feet with the recent addition of a new body shop, an expansion of the X5/X6 assembly hall, and a logistics expansion. As part of a $600 million investment announced in 2017, construction included the expansion of the X3/X4 assembly hall by 140,000 square feet and major re-tooling for a second X5 body shop. 

Approximately 70 percent of the steel and aluminum used in manufacturing BMW’s at the plant is produced in the United States. About 70 percent of the Spartanburg plants production is exported to 125 markets worldwide. According to the U.S. Department of Commerce, BMW Manufacturing is the highest value vehicle exporter from the U.S. with a total export value of more than $8.4 billion in 2018. 

In 2017, a study by the University of South Carolina Darla Moore School Of Business showed that the annual economic impact of BMW Manufacturing on the United States totaled $38.5 billion. This corresponds to approximately 103,921 U.S. jobs. The annual economic impact of BMW (marketing, sales, financial services, and the manufacturing plant) on the United States totaled $43.3 Billion. This figure reflects the dollar value representing all final goods and services produced across the U.S. that can be attributed (either directly or indirectly) to BMW. This impact corresponds to 120,855 U.S. jobs that would not exist otherwise. 

While nearly 89 percent of BMW’s total impact on the U.S. comes from its South Carolina manufacturing plant, BMW also has several marketing, sales and financial service organizations that contribute to its national economic footprint. These include facilities located in Ohio, Utah, Illinois, California and the BMW of North America headquarters in Woodcliff Lake, New Jersey. 

Nowhere are the effects felt more strongly than in the Upstate of South Carolina where quality jobs, revenue generation, and investment are helping lay the foundation for an even brighter future. Originally projected to provide 2,000 jobs, BMW Manufacturing now has 11,000 jobs on site. This total economic impact of BMW Manufacturing is associated with a statewide employment multiplier of 4.0. This means that for every direct job created at the Spartanburg plant, an additional three jobs are created elsewhere in the state.

 

Over 25 Years of Continued Growth.

1992 June 23, 1992:

BMW announces it will build a U.S. plant in Spartanburg – its first full production plant outside of Germany. $600 million investment to create 2,000 jobs and nine SC suppliers by year 2000.

1992 September 30, 1992:

Groundbreaking for Plant Spartanburg.

1994 September 8, 1994:

First BMW produced, a 318i.

1994 November 15, 1994:

Opening Ceremony for Spartanburg plant.

1998 May 12, 1998:

BMW announces $600 million expansion to prepare for new BMW X5.

2002 September 26, 2002:

$400 million investment and 400 new jobs.

2008 March 10, 2008:

BMW announces $750 million expansion to build a new assembly hall and expand the paint shop for the second-generation BMW X3.

2012 January 12, 2012:

Announcement of another $900 million investment to expand production capacity to 350,000 units annually and add another model, the new BMW X4.

2014 March 28, 2014:

BMW announces the single largest investment in Plant Spartanburg’s history – $1 Billion – an increase of production capacity to 450,000 units per year, an additional 800 jobs and a fifth model, the all-new BMW X7.

2017 June 26, 2017:

Announcement of a $600 million investment to prepare the plant for the next-generation of X models and creation of 1,000 additional jobs through 2021.

  • 1992
  • 1992
  • 1994
  • 1994
  • 1998
  • 2002
  • 2008
  • 2012
  • 2014
  • 2017