South Carolina Department of Commerce

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)


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.


Redwood Materials, Inc.
$3.5 billion
Scout Motors, Inc.
$2 billion
BMW Manufacturing Co., LLC
$1.7 billion
Albemarle Corporation
$1.3 billion
QTS Data Centers
$1 billion


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.


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


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.


#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


automotive industry

The Automotive Industry: Steering Towards Success

The automotive industry is growing manufacturing and employment after a several-years long slowdown.
2024 Business Facilities Economic Development Organization Awards

2024 Business Facilities Economic Development Organization Awards

Business Facilities' 2024 EDO Awards recognize efforts and initiatives that make a difference in communities across North America.
Oconee County

Clarios Investing $16M To Expand In Oconee County, South Carolina

The advanced battery solutions manufacturer produces over 150 million advanced, low-voltage batteries for the mobility industry annually.

Columbia Vehicle Group To Invest $12.2M in Aiken County, SC

Electric vehicle manufacturer Columbia Vehicle Group announces it has selected Aiken County for manufacturing operations.
Richland County South Carolina

Richland County, SC: At The Center Of South Carolina’s Eco Devo Boom

Discover affordable expansion and attractive lifestyle opportunities in Richland County, in the heart of South Carolina's economic expansion.

[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.