High-Tech

MycoWorks establishing operations in Union County

MycoWorks, a biotechnology company that specializes in mycelium-grown materials for use as sustainable, luxury-quality leather alternatives, today announced plans to establish operations in Union County. The company’s $107 million investment will create 400 new jobs.

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Westinghouse expanding operations in Richland County

Westinghouse, a leading global supplier of safe and innovative nuclear technology, today announced plans to support and grow operations in Richland County. The company is investing $131 million into the project.

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Palmetto Venture Fellowship to launch in February 2022

The South Carolina Department of Commerce’s Office of Innovation has partnered with Venture Carolina, a nonprofit dedicated to bridging the funding gap between investors and entrepreneurs, to launch a pilot fellowship program to create more local accredited investors, expanding risk-capital accessibility for early-stage startups in South Carolina.

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Evolt establishing operations in Charleston County

Evolt, a digital body composition analytic company, today announced plans to establish operations in Charleston County. The more than $100,000 investment will create 80 new jobs.

Founded in 2015 in Gold Coast, Australia, Evolt is a global, innovative wellness company that uses an evidence-based approach to its development and practical use. The company offers unique, end-to-end solutions that track body composition, activity and nutrition including sophisticated data analytics.

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Luxor Scientific, LLC expanding operations in Greenville County

Luxor Scientific, LLC (Luxor), a full-service clinical laboratory, today announced plans to expand operations in Greenville. The more than $3.2 million investment will create 54 new jobs.

Serving clients nationwide, Luxor is a laboratory that specializes in infectious disease, immunology, integrated oncology and genetics, chemistry and hematology research. The company is comprised of recognized experts in providing cutting-edge scientific solutions to better serve the health care community.

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Phase IIB Matching Fund launched for S.C. small businesses

COLUMBIA, S.C. – The S.C. Department of Commerce Office of Innovation, in partnership with the South Carolina Jobs-Economic Development Authority (JEDA) and 3Phase, today announced the launch of the state’s first Phase IIB Match Fund for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants.

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Fellowship program for software developers to launch this fall

COLUMBIA, S.C. – The South Carolina Department of Commerce Office of Innovation has partnered with two statewide nonprofit organizations, Build Carolina (which runs the SC Codes program) and the South Carolina Council on Competitiveness (which houses  Read More

State of South Carolina announces 2020 industry recruitment results

The South Carolina Department of Commerce today released its 2020 industry recruitment results. In total, the state won 126 economic development projects, accounting for $4 billion in capital investment and 11,147 new jobs.

"Team South Carolina continues to cultivate a diverse economy in all corners of our state," said Secretary of Commerce Bobby Hitt. "To increase our recruitment to $4 billion in capital investment - particularly during an unprecedented year - takes a remarkable amount of collaboration and unwavering commitment from many partners across this state."

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S.C. Commerce Office of Innovation announces grant awards

The South Carolina Department of Commerce Office of Innovation today announced $670,000 in grant awards to 13 organizations as part of the Relentless Challenge grant series. With the mission of progressing and supporting technology-based economic development projects, commercialization of new ideas and the next generation of industry-leading companies, the Relentless Challenge targets strategic investments in localized initiatives.

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S.C. Commerce launches Business Development website

 The South Carolina Department of Commerce today announced the launch of a new business development website. This online platform offers S.C. companies – of all sizes – a multitude of valuable resources throughout the phases of development and growth.

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