Last year, several members of Team South Carolina collaborated to commission an economic impact study of the state's life sciences industry. Released this week, the study, which identifies the scope of this burgeoning sector in South Carolina, is the first step toward developing a strategic plan for the future of this $11.4 billion industry.
Now that the study has been concluded, the S.C. Department of Commerce and the S.C. Biotechnology Industry Organization (SCBIO) will work together to move life sciences forward. Already a strong component of the state's economy, this sector presents significant growth opportunities, and its continued development will help us ensure prosperity in South Carolina for years to come.