It’s no secret that rural communities face different realities and challenges than urban environments, from smaller populations to fewer large corporations that can provide employment. The Federal Reserve Bank of Richmond, which covers Maryland,...
The U.S. Small Business Administration (SBA) announced that it awarded more than $8 million in grants to 50 organizations, including the South Carolina Research Authority, through the Federal and State Technology (FAST) Partnership...
In August, South Carolina saw both job growth and home values increase, according to a new regional economic snapshot by the Federal Reserve Bank of Richmond. "South Carolina's job growth accelerated in August, adding 10,800 jobs on net," said...
Stöbich Fire Protection Systems , a manufacturer of smoke and fire protection systems, today announced it is expanding its operations in Dorchester County. The company’s $2.53 million investment will create 33 jobs. Founded in 1980,...
The Conference Board Consumer Confidence Index decreased by 0.8 points to 89.4 (1985=100) in August, down from 90.2 in July. The Present Situation Index — based on consumers’ assessment of current business and labor market...
Thank you for that kind introduction, and for inviting me to join you today. I hope you’ve had a good summer, whether spending time with family, celebrating our 250th, watching the World Cup, or just enjoying the air conditioning. I spent time...
Preliminary analysis by NAFSA: Association of International Educators and JB International indicates a projected decline in international student enrollment for Fall 2026, with cascading effects on U.S. economic contribution and jobs supported....
Local governments in rural areas of South Carolina can compete for grant funds to help bring transformative projects to life. The Rural Development Initiative annual competitive grant program, administered by S.C. Commerce, will open soon....
The Greenville Chamber’s vision is a globally competitive Upstate economy where businesses succeed and people prosper. We believe that when people prosper, businesses win, too. One way the Greenville Chamber tracks our community’s prosperity is by...
South Carolina Manufacturers and Commerce (SCMC) has announced the launch of its new Energy Council, a member-led initiative that will bring together business leaders and industry experts to discuss the issues shaping South Carolina's energy...
Labor Market Conditions"South Carolina's job growth stalled in June, with a decline of 400 jobs on net. Many industries saw either flat or declining employment." – Bethany Greene Payroll employment in South Carolina declined by 400 jobs (0.0...
A reciprocal access agreement between four South Carolina entrepreneur support organizations (ESO Network) will provide seamless access to each organization’s coworking space and conference rooms for their founders and startup members. The newly...
Recent project milestones in Beaufort County highlight two important aspects of economic development: supporting existing businesses as they grow and creating the conditions for new investment to succeed. In May, community leaders celebrated the...
Communities throughout South Carolina are receiving community development grant funds totaling more than $7 million for public improvement projects. This funding comes from the South Carolina Community Development Block Grant (CDBG)...
South Carolina’s economic development successes in recent years are the result of concerted efforts from many organizations and government entities. And the state’s economic development alliances and partnerships are an important part of that...
Horse Spot, an equestrian technology platform, today announced it is expanding its operations in Charleston County. The company’s investment will create 11 jobs, according to Gov. Henry McMaster’s office. “We grew up in the saddle and...
Volare Boats, Cuffway, SusMaTech, Memberworks, and PSF R&D Labs received new grant funding from the South Carolina Research Authority. Clemson University received new academic grant funding. LivIQ Health, Land Takeoffs, Oral Pouch Solutions,...
South Carolina’s small business innovation community received a major piece of good news this spring: Congress has reauthorized the Small Business Innovation Research and Small Business Technology Transfer programs, ending a long period of...
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,...