South Carolina Department of Commerce
“South Carolina is home to innovative companies and visionaries launching past the ordinary to ensure a sustainable advantage. Our talented workforce, unparalleled infrastructure, and collaborative approach reinforce the state’s reputation for being the place where companies can build a vision into a legacy.”
— Harry M. Lightsey III,
South Carolina Secretary of Commerce
TARGETED GROWTH SECTORS
Electric Vehicles: The production of electric vehicles and related components is accelerating at the intersection of advanced manufacturing and innovation in South Carolina.
Life Sciences: An aging population and revolutionary technological advances have propelled life sciences, the state’s fastest growing industry. Supported by an innovative workforce, top research institutions, and world-class hospital systems, South Carolina is poised for an expanding biotech infrastructure.
Headquarters: From aerospace and automotive to manufacturing and technology, South Carolina is a natural choice for headquarters and corporate offices.
TOP PROJECTS
COMPANY | CITY | INVESTMENT |
Redwood Materials, Inc. | Ridgeville | $3.5 billion |
Scout Motors, Inc. | Blythewood | $2 billion |
BMW Manufacturing Co., LLC | Greer | $1.7 billion |
Albemarle Corporation | Richburg | $1.3 billion |
QTS Data Centers | York | $1 billion |
FEATURED LOCATIONS
Positioned in the heart of South Carolina, the Central SC Region’s natural advantage translates into efficient connections to customers and suppliers. Combining a desirable location with competitive utilities, and a cost of living well below the national average, Central SC delivers a globally connected, world-class home.
Santee Cooper, the state-owned electric and water company, is transforming its power mix with more renewables, while maintaining best-in-class reliability (top 2 percent in the US) and low industrial pricing that helps power industries across South Carolina.
FAST FACTS
Population (July 2022 est.): 5,282,634¹
Largest Cities (2020): Charleston (150,903); Columbia (137,314); North Charleston (115,771); Mount Pleasant (90,871); Greenville (70,899)¹
Real GDP (2022): $226.4 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
WORKFORCE DEVELOPMENT
The Jobs Development Credit is a discretionary program offering a quarterly cash refund of a portion of the personal withholding taxes of new employees. Qualifying businesses create at least 10 full-time jobs.
TOP BUSINESS FACILITIES RANKINGS
#3 Fastest Growing (Population) | 2023 State Rankings |
Top 5 Housing Growth Market | 2023 State Rankings |
Top 10 Automotive | 2023 State Rankings |
Top 10 Customized Workforce Training | 2023 State Rankings |
Top 10 EV Industry Investment | 2023 State Rankings |
Top 10 Broadband Access | 2023 State Rankings |
#2 Fastest Growing Metros: Myrtle Beach | 2023 Metro Rankings |
Top 5 Industrial Parks: Camp Hall Industrial Commerce Park (Charleston) | 2023 Metro Rankings |
Top 10 Top Container Ports (By TEU): Charleston | 2023 Metro Rankings |
Top 10 Most Affordable Cities (Over 500K Pop.): Greenville MSA | 2023 Metro Rankings |
LATEST NEWS
AESC And Amazon Announce Expansions In South Carolina
EV battery maker's AESC expansion in Florence County, SC represents more than $3 billion in investment there since 2022, while Amazon is expanding its presence in the state with a same-day delivery facility in North Myrtle Beach.
DCC Metal Recycling Adds $11M Investment to South Carolina
DCC Metal Recycling will invest $11 million to add its seventh operation in South Carolina. The operation will bring 78 jobs to the state.
SC Produce Company Invests $26.2M In Palmetto State
A full-service fresh produce supplier will invest $26.2 million to improve its facility in Richland County, South Carolina.
[VIDEO] Camp Hall – A Next Generation Commerce Park in South Carolina
Camp Hall is a first-of-its-kind, master-planned industrial work space located in Charleston, S.C. As a convergence of people, place and programming, Camp Hall delivers thoughtful infrastructure and logistical features that empower people — and business — to thrive.
Fairfield County, SC: Shaping The Future, Starting Now
This rural county situated between Columbia and Charlotte offers ideal sites and settings for manufacturers and their families alike. The growth surge has begun.
Omron Automation To Establish South Carolina Presence
Omron Automation, a global leader in industrial automation technology, will soon establish its presence in South Carolina.