WMBF Investigates: The impact of Great Britain's vote to leave E - WMBFNews.com, Myrtle Beach/Florence SC, Weather

WMBF Investigates: The impact of Great Britain's vote to leave EU

(AP Photo/Virginia Mayo). A worker on a lift adjusts the EU flags in front of EU headquarters in Brussels on Wednesday, June 22, 2016. (AP Photo/Virginia Mayo). A worker on a lift adjusts the EU flags in front of EU headquarters in Brussels on Wednesday, June 22, 2016.

MYRTLE BEACH, SC (WMBF) - Financial markets worldwide took a hit after Britain’s vote to leave the European Union, but the decision’s impact closer to home is yet to be seen.

A 2015 report from the South Carolina Department of Commerce shows UK companies have invested more than $400 million since 2005. Those companies have created more than 2,700 new jobs over the last decade.

There are dozens of companies from the United Kingdom in our state, five of them with branches in the Grand Strand and Pee Dee.

Beneficial provides financial services in Florence and Conway. Compass Group USA is a food services company with a base in Bennettsville. Ferguson Enterprises is a supplier of plumbing fixtures in Florence. Sunbelt Rentals has locations in Myrtle Beach, Little River and Florence. Vesuvius USA Corp is based in Dillon, it works in industrial ceramics. This list shows all foreign-owned companies in our state as of January 2015.

WMBF News has reached out to each of the companies to find out what they’re hearing from their owners overseas. A spokeswoman for Compass says, “We expect that there will be no impact on our operations in the US. Right now, we’re business as usual."

We’ll update this story with any other statements we receive.

That same DOC report says the United Kingdom is South Carolina’s fifth largest trade partner… purchasing more than $1.86 billion in products in 2014.

Copyright 2016 WMBF News. All rights reserved.

  • Local NewsLocalMore>>

  • Riordan appointed chair of Myrtle Beach Area Chamber of Commerce

    Riordan appointed chair of Myrtle Beach Area Chamber of Commerce

    Tuesday, July 17 2018 11:10 AM EDT2018-07-17 15:10:01 GMT
    Source: Greater Williamsburg Chamber & Tourism AllianceSource: Greater Williamsburg Chamber & Tourism Alliance

    MYRTLE BEACH, SC (WMBF) - Karen Riordan is the new President and CEO of the Myrtle Beach Area Chamber of Commerce (MBACC). The announcement was made during a press conference Tuesday. Riordan comes to Myrtle Beach by way of the Greater Williamsburg Chamber & Tourism Alliance, where she served as President and CEO for four years. According to her biography, Riordan has led marketing programs for brands in tourism, including The Bahamas Ministry of Tourism, Royal Car...

    More >>

    MYRTLE BEACH, SC (WMBF) - Karen Riordan is the new President and CEO of the Myrtle Beach Area Chamber of Commerce (MBACC). The announcement was made during a press conference Tuesday. Riordan comes to Myrtle Beach by way of the Greater Williamsburg Chamber & Tourism Alliance, where she served as President and CEO for four years. According to her biography, Riordan has led marketing programs for brands in tourism, including The Bahamas Ministry of Tourism, Royal Car...

    More >>
  • Horry County launches opportunity zone website

    Horry County launches opportunity zone website

    Tuesday, July 17 2018 10:38 AM EDT2018-07-17 14:38:27 GMT
    The website launched Monday. Source: www.grandstrandopportunityzones.com.The website launched Monday. Source: www.grandstrandopportunityzones.com.
    The website launched Monday. Source: www.grandstrandopportunityzones.com.The website launched Monday. Source: www.grandstrandopportunityzones.com.

    Horry County leaders are hoping to revitalize low-income areas known as opportunity zones, and now they’ve made it easier for people to find out more about those zones.

    More >>

    Horry County leaders are hoping to revitalize low-income areas known as opportunity zones, and now they’ve made it easier for people to find out more about those zones.

    More >>
  • SCDOT updates ongoing construction in Conway

    SCDOT updates ongoing construction in Conway

    Tuesday, July 17 2018 8:23 AM EDT2018-07-17 12:23:44 GMT

    Some road projects are underway for the City of Conway. Ninth Avenue North is already underway and Main Street is slated for the near future. The South Carolina Department of Transportation says the only road closures you need to be aware of for this project will be on Ninth Avenue, from Main Street to Lauren Street, and then from Laurel Street to Elm Street. It'll be in effect during the day around 5 in the morning to 8 at night.

    More >>

    Some road projects are underway for the City of Conway. Ninth Avenue North is already underway and Main Street is slated for the near future. The South Carolina Department of Transportation says the only road closures you need to be aware of for this project will be on Ninth Avenue, from Main Street to Lauren Street, and then from Laurel Street to Elm Street. It'll be in effect during the day around 5 in the morning to 8 at night.

    More >>
Powered by Frankly