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Research & Development

Xoted Biotechnology Labs establishing operations in Spartanburg County

COLUMBIA, S.C. – Xoted Biotechnology Labs (Xoted), a cutting-edge research and development center, announces plans to establish operations in Spartanburg County.
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South Carolina Recognized in Business Facilities’ Latest Rankings

South Carolina is built for the new economy. Industry magazine Business Facilities recently recognized the state for many of the attributes C-Suite executives and small business owners alike have already come to appreciate.
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United Kingdom-South Carolina Relations Grow

In mid-July, Deputy Secretary of Commerce Ashely Teasdel and S.C. Commerce led a state delegation throughout the United Kingdom. The mission trip helped grow bilateral collaboration, strengthen economic ties and build trade relations — continuing to advance the December 2022 memorandum of understanding between the two economies.

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For Business Growth and Success, SelectUSA

Foreign direct investment (FDI) is pivotal to South Carolina’s economy, accounting for more than 30% of announced economic development investments in 2023 alone. Today, over 1,100 internationally owned operations exist statewide — even for those with locations throughout the world, South Carolina-based operations stand out in helping drive global success.

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Tourism Economy Creates Long-Term Impact, Opportunities

When a state is rich in natural beauty, from the rolling foothills of the Appalachian Mountains to scenic sandy beaches, it’s hard to keep many destinations a secret. The word has long been out that South Carolina is a top stop, with its world-class golf courses and reigning destination cities, to name just a few.
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S.C. Commerce Names New Global Business Development Director

On April 1, 2024, S.C. Commerce named Annie Caggiano the agency’s new Global Business Development director. Caggiano, who is on her second stint with S.C. Commerce and previously served as a business recruitment manager, brings nearly 20 years of economic development experience to the role.

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Nurturing Statewide Innovation

April is South Carolina Innovation Awareness Month, a celebration of the state’s rapidly growing technology and innovation ecosystem.
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South Carolina achieves impressive economic development in 2023, including $9.22B announced capital investment

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.

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