DOING BUSINESS IN SOUTH CAROLINA

South Carolina Department of Commerce
803-737-0400
info@SCcommerce.com
www.SCcommerce.com

Doing business in South Carolina

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
Doing business in South Carolina
Scout Motors will innovate and electrify its American heritage at the company’s new $2 billion manufacturing facility near Columbia, SC. (Photo: Scout Motors)

  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

Central SCPositioned 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 South Carolina

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

From the July / August 2023 issue of Business Facilities

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