GBD

South Carolina Governor Henry McMaster and S.C. Commerce staff, led by Deputy Secretary of Commerce Ashely Teasdel, welcomed British Ambassador to the U.S. Dame Karen Pierce DCMG, to Columbia, S.C., to further economic development and trade relation discussions.

S.C. Commerce, led by Secretary of Commerce Harry Lightsey, was honored to send a state delegation to U.S. Business Opportunities Day in Taiwan in early October to promote global business relations and investment opportunities.

On the heels of a December 2022 memorandum of understanding (MOU) with the United Kingdom (U.K.) and a rise in bilateral collaboration since, S.C. Commerce leadership announced the agency’s expansion into the U.K. and Republic of Ireland markets Wednesday, Oct. 16, 2024.

South Carolina formally strengthened its ties with Ireland Wednesday, Oct. 23, 2024, when Governor Henry McMaster signed a bill establishing the South Carolina-Ireland Trade Commission.

In mid-July, Deputy Secretary of Commerce Ashely Teasdel and S.C. Commerce led a state delegation throughout the United Kingdom. The mission trip helped grow bilateral collaboration, strengthen economic ties and build trade relations — continuing to advance the December 2022 memorandum of understanding between the two economies.

With a focus on FDI and promoting the benefits of doing business in South Carolina, S.C. Commerce representatives led a diverse state delegation at the 2024 SelectUSA Investment Summit June 23-26, 2024, in National Harbor, Maryland.

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.

As part of the multi-day event, INMC Anderson also hosted the inaugural INMC International Start-Up Competition, where technology and biomedical start-ups from 15 cities around the world pitched to a panel of judges for the opportunity to win $10,000 in prize money and marketing assistance.

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.

Annual trade and export figures released by the U.S. Department of Commerce put South Carolina’s 2023 export sales at $37.3 billion, defying a national trend where U.S. exports dropped 2.2% over the same timeframe. The automotive industry remained the state’s leading export — South Carolina was once again the nation’s top exporter of tires, and a national leader in the export of completed passenger vehicles. In total, South Carolina exports reached 211 countries in 2023.