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Message from Secretary Hitt: A Diverse Economy in S.C.

In economic development, it's widely accepted that a diverse economy is a strong economy. Recognizing this, Team South Carolina has made a concerted effort over the last seven years to recruit companies from a diverse group of industry sectors. Because of this, the Palmetto State is now known for more than just being a manufacturing powerhouse. We've also attracted an impressive number of corporate office operations.

Six years ago next week, Canadian-based TD Bank announced 1,600 new jobs across Greenville and Lexington Counties. Since that announcement, many other national and international brands have made significant investments in office operations throughout South Carolina. From Red Ventures and LPL Financial to Movement Mortgage and Lash Group, the Palmetto State has cultivated a burgeoning corporate economy. In addition to these, many of our manufacturing firms have also established corporate office operations to complement existing assembly and distribution facilities.

In total, the office and shared services industry announced $1.3 billion in capital investment across South Carolina from 2011-2016, bringing more than 24,000 new jobs to our state. As a result, a multifaceted economy has developed; and we've been able to create choices for citizens in every corner of South Carolina, thus giving them the freedom to choose their own path. 

Moving forward, as Team South Carolina continues to prioritize diversity, issues such as product development and workforce training will remain imperative. By working together and setting the table for diverse economic growth, we'll be able to ensure a prosperous future in South Carolina for many years to come.