Economic Development

SC’s state-run small business incubator will help startups develop new technologies and land government contracts.

The U.S. Small Business Administration (SBA) and the South Carolina District Office opened nominations for its 2027 National Small Business Week Awards, which recognize exceptional small business owners from South Carolina. National...

Knight’s Companies has announced the rebranding and name change of Murray Mines to Knight’s Materials, effective immediately. The name change reflects the company’s continued growth in the construction materials industry and brings the...

A long-vacant former Pepsi bottling site on Meeting Street in Charleston’s Upper Peninsula is finally moving toward redevelopment.

Obatala Sciences, a biotechnology company, announced it selects Charleston County for its first East Coast operation. The company’s $656,000 investment will create 46 new jobs and training opportunities in biotechnology and related fields.   ​

Re:Build, an integrated engineering and manufacturing company, announced plans to expand its advanced composites manufacturing operations in York County. The company’s approximately $20 million investment will create 150 skilled manufacturing and...

RAVENEL, S.C. — October 5, 2026 — Mason Automotive Group, led by father-and-son automotive dealers Mark Mason Sr. and Mark Mason Jr., today announced the completed acquisition of Marchant Chevrolet from longtime dealer Rob Marchant. Effective...

VIO Med Spa, a nationally recognized, physician-guided medical spa franchise specializing in advanced, non-invasive aesthetic and wellness treatments, has signed a three-unit development agreement to enter South Carolina for the first time,...

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...

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