Palmetto Railways, a division of S.C. Commerce, awarded more than $4 million to procure and retrofit two locomotives to electric power
Palmetto Railways, a division of the South Carolina Department of Commerce (S.C. Commerce), learned today it will receive a grant of up to $4,170,000 for its project to procure and retrofit two zero-emission, lithium battery electric powered locomotives and install associated charging technology.Read More
S.C. Commerce receives grant for export assistance programs
For the 11th consecutive year, the South Carolina Department of Commerce (S.C. Commerce) has been awarded a State Trade Expansion Program (STEP) grant from the U.S. Small Business Administration (SBA). The state received its full requested amount of $250,000 to support and encourage small business export success.Read More
South Carolina consortium pursues federal designation as a Regional Technology and Innovation Hub for advanced energy
On behalf of the Nexus for Advanced Resilient Energy (SC Nexus), the South Carolina Department of Commerce (S.C. Commerce) applied today for designation as one of the U.S. Department of Commerce’s Economic Development Administration’s (EDA) 20 Regional Technology and Innovation Hubs (Tech Hubs). SC Nexus represents a broad consortium which includes institutions of higher education, technical colleges, numerous state agencies, the Savannah River National Laboratory, economic development alliances and private companies, including electric utilities.Read More
South Carolina leads the nation as top exporter of tires and completed passenger motor vehicles
Gov. Henry McMaster, the S.C. Department of Commerce (S.C. Commerce) and the South Carolina Ports Authority (SC Ports) today announced that the state's 2022 export sales totaled $31.5 billion, up 6% over 2021, according to data from the U.S. Department of Commerce. The state remains the nation’s top exporter of completed passenger motor vehicles and tires.
Notable 2022 export statistics include:Read More
S.C. Commerce announces 2023 Relentless Challenge grant awards
The South Carolina Department of Commerce (S.C. Commerce) today announced its 2023 Relentless Challenge grant recipients, which totaled more than $750,000 granted to 15 organizations around the state.
Relentless Challenge grant recipients support projects designed to enhance the state’s innovation ecosystem – specifically in the areas of high growth entrepreneurship, talent development, access to risk capital, and industry and higher education partnerships that may lead to commercialization of innovative products.Read More
South Carolina releases record-breaking industry recruitment in 2022
The South Carolina Department of Commerce today released its 2022 industry recruitment results which reflect historic economic activity. From January to December 2022, the state announced total capital investment of $10.27 billion, the single largest year in state history. That investment represents 120 projects and the creation of 14,083 new jobs.Read More