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South Carolina was proud to join the Southeast United States-Canadian Provinces (SEUS-CP) Alliance at the 2024 SEUS-CP Conference, an annual event with the focus of growing economic opportunities between the member regions. Hosted in Biloxi, Mississippi, state and provincial representatives gathered for three days of networking and pivotal industry discussions, including advanced manufacturing technologies and the changing landscapes of ports.
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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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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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South Carolina export sales total $37.3 billion in 2023, defying national exports trend
Governor Henry McMaster, the South Carolina Department of Commerce (S.C. Commerce) and South Carolina Ports (SC Ports) today announced that the state’s 2023 export sales totaled $37.3 billion, defying the national trend where U.S. exports were down 2.2%, according to the U.S. Department of Commerce. Since 2013, South Carolina exports have grown at an average rate of 4.4% year-to-year. Over the same period, U.S. exports grew at an average rate of 3% year-to-year.
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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Snider Fleet Solutions relocating headquarters to Lancaster County
Snider Fleet Solutions, a leading innovator in providing total fleet maintenance solutions to the transportation and construction industries, announced plans to relocate its North Carolina based headquarter offices to Lancaster County. The company’s $6.9 million investment will create 167 new jobs.
Neal Brothers Charleston, Inc. expanding Charleston County operations
Neal Brothers Charleston, Inc. (Neal Brothers), a global logistics leader, today announced plans to expand its existing Charleston County operations. The company’s $9.48 million investment will create 10 new jobs in the first year.