The life sciences industry is South Carolina’s fastest growing sector, accounting for an annual economic impact of $25.7 billion. With high growth potential and average wages nearly 80% above the state’s average, the industry’s upward trajectory is part of its selection as one of three target sectors in S.C. Commerce’s new strategic framework to guide future economic development efforts, announced in January 2024.

To recognize the innovations and talent supporting South Carolina in “advancing the future, now,” The 2024 Governor’s Economic Summit united state, business and community leaders Monday, Jan. 29, 2024, setting forth South Carolina’s long-term economic development vision. In addition to remarks by Governor Henry McMaster, Secretary of Commerce Harry M.

On the heels of a record-setting 2022, economic development throughout South Carolina showed few signs of slowing down in 2023. On Thursday, Jan. 4, 2024, S.C. Commerce announced its 2023 recruitment results, highlighted by a total capital investment of $9.22 billion — the second-highest amount in state history.

Erchonia Corp. (Erchonia), a global, laser technology manufacturer, today announced plans to relocate its corporate headquarters to Greenville County. The company’s $6.7 million investment will create 51 new jobs.

SHL Medical, a world-leading provider of drug delivery solutions, today announced plans to establish operations in Charleston County. The company’s initial $90 million investment will create an estimated 165 new jobs.

Health Supply US, a leading government contracting and medical supply company, today announced plans to establish new manufacturing operations in Greenville County. The company is investing $150 million and creating 600 new jobs over the next five years.

Diversified Medical Healthcare (DMH), a holding entity with several companies providing healthcare solutions for improved patient care nationwide, today announced plans to expand operations in Greenville County. The company’s more than $51 million investment will create 185 new jobs.

Stomagienics, Inc. (Stomagienics), a company that provides innovative solutions for cancer survivors and others who have undergone ostomy surgery, today announced plans to expand operations in Greenville County. The company will create 30 new jobs over the next three years.