South Carolina is built for the new economy. Industry magazine Business Facilities recently recognized the state for many of the attributes C-Suite executives and small business owners alike have already come to appreciate.
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Foreign direct investment (FDI) is pivotal to South Carolina’s economy, accounting for more than 30% of announced economic development investments in 2023 alone. Today, over 1,100 internationally owned operations exist statewide — even for those with locations throughout the world, South Carolina-based operations stand out in helping drive global success.
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When a state is rich in natural beauty, from the rolling foothills of the Appalachian Mountains to scenic sandy beaches, it’s hard to keep many destinations a secret. The word has long been out that South Carolina is a top stop, with its world-class golf courses and reigning destination cities, to name just a few.
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On April 1, 2024, S.C. Commerce named Annie Caggiano the agency’s new Global Business Development director. Caggiano, who is on her second stint with S.C. Commerce and previously served as a business recruitment manager, brings nearly 20 years of economic development experience to the role.
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Capital Concrete Co. grows South Carolina footprint with new operation in Fairfield County
COLUMBIA, S.C. – Capital Concrete Co., a construction materials supplier, today announced it is growing its South Carolina footprint with a new operation in Fairfield County. The company’s $8.25 million investment will create 17 new jobs.
On the heels of a record-setting 2022, economic development throughout South Carolina showed few signs of slowing down in 2023. On Thursday, Jan. 4, 2024, S.C. Commerce announced its 2023 recruitment results, highlighted by a total capital investment of $9.22 billion — the second-highest amount in state history.
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Additive Plastics Group expands manufacturing operations in Anderson County
Additive Plastics Group, LLC (APG), a premier manufacturer of color and additive concentrates, specialty compounds and custom engineered products, today announced it is expanding in Anderson County. The $6.2 million investment will create 24 new jobs.
Leidos establishing new South Carolina operation in Charleston County
Leidos, a Fortune 500 science and technology leader, today announced plans to establish a new South Carolina operation in Charleston County. The company’s $31.7 million investment will create up to 170 new jobs over time.
TIME Bicycles establishing first South Carolina operations in Spartanburg County
TIME Bicycles (TIME), a leading carbon fiber bicycle manufacturer, today announced plans to establish its first South Carolina operations in Spartanburg County to build the nation’s largest carbon fiber bicycle factory. The company’s $6.5 million investment will create 105 new jobs.
Albemarle Corporation selects Chester County for South Carolina operations
Albemarle Corporation (Albemarle), a global leader in transforming essential resources such as lithium and bromine into critical ingredients for mobility, energy, connectivity and health, today announced plans to establish South Carolina operations in Chester County. The company will invest at least $1.3 billion and create more than 300 new jobs to construct a new “Mega-Flex” lithium hydroxide processing facility.