SCBIZ Daily for Dec. 9, 2020

Boeing cuts 787 production outlook further

With slow recovery for travel and less demand for widebody jets, Boeing CFO Greg Smith said the company will cut production even further from its original plan of six starting in mid 2021. Earlier this year Boeing announced consolidation of 787 manufacturing to its Dreamliner campus in North Charleston.

Aerospace OEMs search for local suppliers

As Lockheed Martin and Boeing scale up operations in the Palmetto State, the aerospace giants are on the hunt for regional suppliers and vendors able to meet local needs. However, the development of an aerospace supply chain cluster takes time and patience, industry professionals say.

Century Aluminum gets 3-month contract extension

Santee Cooper’s board of directors has given the Mt. Holly aluminum smelting plant until March 31 to continue its contract and negotiate new terms. In October, Century Aluminum threatened closure if it didn’t receive better electricity rates.

Repair program keeps S.C. residents safe at home

SC Housing’s emergency home repair program is one way the organization helps homeowners in need, though the agency says it needs more participating nonprofits as the pandemic puts a strain on resources.

First Citizens: S.C. ranks as best state for startups

First Citizens Bank’s sixth annual Small Business Forecast finds that 84% of its respondents in the Palmetto State believe South Carolina is a great place to do business, the highest percentage in any of the bank's survey areas.

Benedict College joins Apple coding initiative

The Columbia school will become a regional coding center as part of Apple’s Community Education Initiative, a nationwide partnership with historically Black colleges and universities launched at Tennessee State.

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