Economic Development

Bittermilk Bottling Co. (Bittermilk), a manufacturer of nonalcoholic beverage products, announced it is expanding its operations in Charleston County. The company’s $8.2 million investment will create 12 jobs, according to Gov. Henry McMaster's...

The Opportunity Zones program is now permanent, signed into federal law in 2025, according to the South Carolina Department of Commerce. Commerce officials said that under the updated law, Opportunity Zones will be redesignated every 10 years,...

SC Launch Inc., the investment affiliate of the South Carolina Research Authority, has announced a $400,000 investment in SafeMedWaste. The Johns Island-based startup created a better way to dispose of controlled substances without incineration....

The South Carolina Department of Commerce (S.C. Commerce), on behalf of the state of South Carolina, is requesting input to guide the nomination of eligible census tracts for designation under the federal Opportunity Zone program, a federal...

Inc., the leading media brand and playbook for the entrepreneurs and business leaders influencing the future, today revealed that eight South Carolina companies have been ranked in its sixth annual Inc. Regionals: Southeast list - the most...

Goodwill Industries of Upstate/Midlands South Carolina (GIUMSC) and Palmetto Goodwill are sharing the full Economic Impact Study first announced on the State House steps earlier in March. The independent research study revealed Goodwill’s services...

Chipp, Atapic, Sentec, and Tada AI received new grant funding from the South Carolina Research Authority. Crystal-XG, Cuffway, InfauxTech, Ohmiq, PostPixel, Renoverse AI, and Vet Media Group were...

The South Carolina Department of Commerce (S.C. Commerce) today announced the recipients of its 2026 Relentless Challenge grants, which totaled more than $760,000 granted to 14 projects across the state. The Relentless Challenge is a...

Governor Henry McMaster, the South Carolina Department of Commerce and South Carolina Ports announced that the state’s 2025 export sales grew 1.5 percent, reaching $38.5 billion — the highest value in seven years — as reported...

Georg Utz, Inc., a plastic container manufacturer, announced it selects Sumter County to establish the company’s first South Carolina operation. The approximately $40 million investment will create 50 new jobs. Founded in 2003, Georg Utz, Inc. is...

Arthur J. Gallagher & Co. announced the acquisition of Hunt Benefits & Associates, Inc., and Tenaglia & Associates, Inc., collectively dba Hunt Financial Group. Terms of the transaction were not disclosed. Operating from...

The Lancaster County Economic Development department received a grant for an undisclosed amount from Comporium in late December 2025. "As a locally rooted company and an active part of the Lancaster County community, we believe it's important to...

Gov. Henry McMaster and the South Carolina Department of Commerce released its 2025 industry recruitment results, marking a milestone, officials said, for rural economic development. From January to December 2025, South Carolina...

PricewaterhouseCoopers report details comprehensive economic impact during construction, on-going operations

WhiteWater Express Car Wash acquires Time to Shine Car Wash, a leading operator in South Carolina with eight locations in Charleston and four in Columbia.

South Carolina Research Authority announces organizational changes that officials say enable it to provide more support to state's academic research, development, and innovation startups.

Project to support 1,000 new jobs and more than $1 billion in investments

Field Shield, Haruki, Horse Spot, Joules AI, LouLou AI, and X-ION Energy were accepted as South Carolina Research Authority member companies, with others receiving additional grant funding.

State Treasurer Curtis Loftis, on Oct. 30, 2025, announces that the State Treasurer’s Office investments generated $1.7 billion in earnings over the past year.

Surging growth in Greenville-Spartanburg drives South Carolina's industrial market as the state continues to emerge from a 2024 slowdown, according to a 25Q3 industrial report from Colliers.

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