Advanced Materials

Eaton, a global leader in intelligent power management technologies, today announced it is growing its South Carolina footprint with new operations in Union County. The company’s $340 million investment will create 700 new jobs and establish a new manufacturing facility for three-phase transformers, critical to the nation’s power grid and across industries.

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.

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.

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.

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.

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.

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, 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 (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.