Small Business https://www.sccommerce.com/ en Scribble season four lineup announced https://www.sccommerce.com/news/scribble-season-four-lineup-announced <span>Scribble season four lineup announced</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Thu, 05/19/2022 - 10:00</span> <p>The S.C. Commerce Office of Innovation today announced the cast of season four of Scribble’s&nbsp;<em>Notes on Innovation</em>&nbsp;series. The lineup includes thought-leaders from electric vehicle companies to innovative startups – all who exemplify the relentless pursuit of transformational ideas. The season four cast includes:</p> <ul> <li>Andrew Lee -&nbsp;<a href="https://imcstips.com/" target="_blank">IMCS</a></li> <li>Bob Brown -&nbsp;<a href="https://isirobots.com/" target="_blank">Integrated Systems, Inc.</a></li> <li>Vernita Brown -&nbsp;<a href="https://natalist.com/" target="_blank">Natalist</a></li> <li>Mike&nbsp;Finnern&nbsp;-&nbsp;<a href="https://www.proterra.com/" target="_blank">Proterra</a></li> <li>Jules Weldon and Stace Pierce -&nbsp;<a href="https://omegear.com/" target="_blank">OME Gear</a></li> <li>Jeff DiMaio -&nbsp;<a href="https://tetramer.com/" target="_blank">Tetramer</a></li> <li>Thomas Crawford -&nbsp;<a href="https://sc.edu/study/colleges_schools/artsandsciences/physics_and_astronomy/our_people/directory/crawford_thomas.php" target="_blank">University of South Carolina professor</a>&nbsp;and founder of&nbsp;<a href="https://www.thorlabs.com/PressReleases.cfm?ReleaseID=105" target="_blank">MagAssemble</a></li> <li>James Townsend -&nbsp;<a href="https://www.dopple.io/" target="_blank">Dopple XR, Inc.</a></li> </ul> <p>“Industries across the board are experiencing significant advances in innovation and change, and it’s critical that our state remains on the cutting edge of these technologies and thought processes,” said Secretary of Commerce Harry M. Lightsey III. “We celebrate our state’s forward-thinkers, and look forward to their stories of innovation and entrepreneurism.”</p> <p>Season four will premiere in August and run through April 2023.&nbsp;<a href="https://scinnovationhub.us20.list-manage.com/subscribe/post?u=aebac5b89f167ea53709af494&amp;id=500b4aa583" target="_blank">Click here</a>&nbsp;to subscribe to receive Scribble’s newsletter.</p> <p>Launched in 2019,&nbsp;<a href="https://scribblesc.com/" target="_blank">Scribble</a>&nbsp;connects, equips and elevates South Carolina’s innovation and technology community through the experiences and stories of the state’s most accomplished minds. Current online features include 30 successful leaders from the startup, academia and corporate sectors. Through informative resources including video interviews, curated clips and podcasting, Scribble followers can learn about the challenges and inspirations that propelled South Carolina innovators to national acclaim.</p> <time datetime="2022-05-19T12:00:00Z">Thursday, May 19, 2022</time> <a href="/industry/electric-vehicles">Electric Vehicles</a> <a href="/industry/advanced-materials">Advanced Materials</a> <a href="/industry/high-tech">High-Tech</a> <a href="/industry/small-business">Small Business</a> Notes on Innovation series highlights S.C. innovators and entrepreneurs<a href="/tags/commerce-news" hreflang="und">Commerce News</a> Thu, 19 May 2022 14:00:09 +0000 kmontgomery 7676 at https://www.sccommerce.com Allegiance Flag Supply expanding operations in Charleston County https://www.sccommerce.com/news/allegiance-flag-supply-expanding-operations-charleston-county <span>Allegiance Flag Supply expanding operations in Charleston County</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Thu, 01/20/2022 - 10:03</span> <p><a href="https://www.showallegiance.com/" target="_blank">Allegiance Flag Supply</a>, a producer of high-quality American flags, today announced plans to expand operations in Charleston County. The company’s $1.2 million investment will create 25 new jobs.</p> <p>Founded in 2018, Allegiance Flag Supply utilizes American-sourced materials and seamstresses to produce high-quality flags that can withstand outside elements.</p> <p>Located at 4213 Scott Street in North Charleston, Allegiance Flag Supply’s expansion will consolidate its operations to include a self-sustainable sew shop and distribution center which packages and ships products across the country.</p> <p>The expansion is underway, and individuals interested in joining the Allegiance Flag Supply team should email&nbsp;<a href="mailto:info@showallegiance.com" target="_blank">info@showallegiance.com</a>.&nbsp;</p> <p><strong>QUOTES</strong></p> <p>“Every stitch, every hem and every thread in our American flags are proudly made right here in Charleston, S.C.”&nbsp;<strong>-Allegiance Flag Supply Co-Founder Katie Lyon</strong></p> <p>“Team South Carolina is proud to see homegrown companies expand. Congratulations to Allegiance Flag Supply on this announcement, and we look forward to their success for many years to come.”&nbsp;<strong>-Gov. Henry McMaster</strong></p> <p>“Allegiance Flag Supply’s growth is a testament to our state’s skilled labor force and business-friendly environment. We take pride in the fact that these high-quality flags are made right here in S.C.”&nbsp;<strong>-Secretary of Commerce Harry M. Lightsey III</strong></p> <p>“Allegiance Flag Supply’s expansion is to be commended. Allegiance Flag Supply has confidence in our community to consolidate their operations and create local manufacturing jobs for our citizens. We stand by their efforts and look forward to a continued relationship.”<strong>&nbsp;-Charleston County Council Chairman Teddie Pryor</strong></p> <p><strong>FIVE FAST FACTS</strong></p> <ul> <li>Allegiance Flag Supply is&nbsp;expanding operations in Charleston County.</li> <li>$1.2 million investment will create 25 new jobs.</li> <li>Allegiance Flag Supply is a&nbsp;producer of high-quality American flags.</li> <li>Located at 4213 Scott Street in North Charleston, S.C.</li> <li>Individuals interested in joining the Allegiance Flag Supply team should&nbsp;email&nbsp;<a href="mailto:info@showallegiance.com" target="_blank">info@showallegiance.com</a>.&nbsp;&nbsp;</li> </ul> <time datetime="2022-01-20T12:00:00Z">Thursday, January 20, 2022</time> <a href="/industry/small-business">Small Business</a> $1.2 million investment to create 25 new jobs<a href="/tags/expansions" hreflang="und">Expansions</a> Thu, 20 Jan 2022 15:03:59 +0000 kmontgomery 7583 at https://www.sccommerce.com Palmetto Venture Fellowship to launch in February 2022 https://www.sccommerce.com/news/palmetto-venture-fellowship-launch-february-2022 <span>Palmetto Venture Fellowship to launch in February 2022</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Mon, 12/06/2021 - 12:21</span> <p>The South Carolina Department of Commerce’s Office of Innovation has partnered with&nbsp;<a href="https://www.venturecarolina.org/" rel="noopener noreferrer" target="_blank">Venture Carolina</a>, 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.</p> <p>The Palmetto Venture Fellowship is a seven-part workshop series that exposes participants to the intricacies associated with early-stage capital formation. The program, with an inaugural class of up to 40 participants, begins in February and ends in October 2022. Ideal candidates include current or aspiring investors seeking the expertise necessary to be successful investing in early-stage companies.</p> <p>“South Carolina has a proven climate for success for companies of all sizes, and the Palmetto Venture Fellowship will help develop a pool of well-equipped investors to help expand our state’s startup business environment,” said Secretary of Commerce Harry M. Lightsey III. “Building a pipeline of educated investors will help diversify our local economy and keep South Carolina regionally competitive in recruiting innovative startups.”</p> <p>According to 2018 data from the National Science Board, South Carolina ranked 39th in the United States for venture capital dollars disbursed per $1,000 in state gross domestic product. Historically, states that rank well in this measure possess companies that have been successful in attracting venture capital investments. Positive trends in this measure may be predictors of new products and services, job creation and revenue growth.</p> <p>“We have proven that if we educate investors on the complexities of investing in early-stage companies, they are much more willing to participate in the asset class,” said Charlie Banks, executive director of Venture Carolina. “We believe there is an important foundational proficiency that every investor needs in order to be effective at investing in early stage companies. Topics such as term sheets, valuations, capitalization tables and how to do proper diligence are just a few of the complexities this fellowship will equip attendees with. We’re thrilled to be partnering with the South Carolina Department of Commerce’s Office of Innovation and applaud their leadership on this critical component of any successful entrepreneurship ecosystem.”&nbsp;</p> <p>The inaugural class of the Palmetto Venture Fellows will be selected by a committee of business leaders and investors throughout South Carolina.</p> <p>For more information about the fellowship, contact&nbsp;<a href="mailto:chris@venturecarolina.org" rel="noopener noreferrer" target="_blank">chris@venturecarolina.org</a>. Upcoming virtual information sessions are scheduled for December 14 and January 6.</p> <p>&nbsp;</p> <p><em><strong>About Venture Carolina</strong></em><br /> <em>Venture Carolina is a South Carolina based non-profit organization that uses comprehensive educational resources to teach entrepreneurs how best to position their companies for early-stage funding, and to guide investors on how to make disciplined angel investment decisions. The result is an environment within the Southeast that successfully bridges the critical funding gap that exists between entrepreneurs and investors. To learn more about Venture Carolina and our partners, please visit&nbsp;<a href="http://www.venturecarolina.org/" rel="noopener noreferrer" target="_blank">www.venturecarolina.org</a>.&nbsp;</em></p> <time datetime="2021-12-02T12:00:00Z">Thursday, December 2, 2021</time> <a href="/industry/high-tech">High-Tech</a> <a href="/industry/small-business">Small Business</a> Pilot program to increase venture capital funding accessibility for S.C. startups<a href="/tags/commerce-news" hreflang="und">Commerce News</a> Mon, 06 Dec 2021 17:21:26 +0000 kmontgomery 7551 at https://www.sccommerce.com Beyond Distilling Company establishing operations in Charleston County https://www.sccommerce.com/news/beyond-distilling-company-establishing-operations-charleston-county <span>Beyond Distilling Company establishing operations in Charleston County</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Wed, 12/01/2021 - 14:03</span> <p>Beyond Distilling Company, a craft spirit and distilling company, today announced plans to establish operations in Charleston County. The more than $767,000 investment will create 63 new jobs.</p> <p>Founded in 2019 in Charleston, Beyond Distilling Company produces world-class spirits emphasizing both local and exotically sourced ingredients of the highest quality, reimagining classic recipes with a unique twist.</p> <p>Located at 2157 Rich Street in North Charleston, Beyond Distilling Company’s new facility will increase&nbsp;its capacity to meet growing demand. The company will also have an on-site restaurant and event space.&nbsp;</p> <p>The new facility is expected to be completed in early 2022. Individuals interested in joining the Beyond Distilling Company team should email&nbsp;<a href="mailto:info@beyonddistillingcompany.com" rel="noopener noreferrer" target="_blank">info@beyonddistillingcompany.com</a>, and adults of all abilities are encouraged to apply.</p> <p><strong>QUOTES</strong></p> <p>“Beyond Distilling Company is excited to be a part of the incredible community that exists here in Charleston. We can’t wait to share our unique craft spirits and company culture with everyone.”&nbsp;<strong>-Beyond Distilling Company Owners Kerianne Krause, Tyler LaCorata and Ryan Sadis</strong></p> <p>“Beyond Distilling Company’s new operations in Charleston County are yet another win for the Palmetto State. The 63 new jobs and the company’s presence are welcome additions to the South Carolina business community, and we celebrate today’s announcement.”&nbsp;<strong>-Gov. Henry McMaster</strong></p> <p>“South Carolina has consistently shown that it has a business climate attractive to diverse industries, and this is especially evident in our growing distilling sector. We congratulate Beyond Distilling Company in Charleston County, and we look forward to their success for many years to come.”&nbsp;<strong>-Secretary of Commerce Harry M. Lightsey III</strong></p> <p>“This is an exciting announcement for the Lowcountry’s emerging distilling sector. Using the best-sourced ingredients, Beyond Distilling is committed to a unique experience for residents and tourists alike. We congratulate Beyond Distilling, and welcome to Charleston County.”&nbsp;<strong>-Charleston County Council Chairman Teddie Pryor</strong></p> <p><strong>FIVE FAST FACTS</strong></p> <ul> <li>Beyond Distilling Company is&nbsp;establishing operations in Charleston County.</li> <li>The more than $767,000 investment will create 63 new jobs.</li> <li>Beyond Distilling Company is&nbsp;a craft spirit and distilling&nbsp;company.</li> <li>Located at 2157 Rich Street in North Charleston, S.C.</li> <li>Individuals interested in joining the Beyond Distilling Company team should&nbsp;email&nbsp;<a href="mailto:info@beyonddistillingcompany.com" rel="noopener noreferrer" target="_blank">info@beyonddistillingcompany.com</a>.</li> </ul> <time datetime="2021-12-01T12:00:00Z">Wednesday, December 1, 2021</time> <a href="/industry/small-business">Small Business</a> More than $767,000 investment will create 63 new jobs<a href="/tags/new-business" hreflang="und">New Business</a> Wed, 01 Dec 2021 19:03:29 +0000 kmontgomery 7550 at https://www.sccommerce.com Cannonborough Beverage Company expanding operations in Charleston County https://www.sccommerce.com/news/cannonborough-beverage-company-expanding-operations-charleston-county <span>Cannonborough Beverage Company expanding operations in Charleston County</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Mon, 11/22/2021 - 14:06</span> <p><a href="https://www.cannonbevco.com/" rel="noopener noreferrer" target="_blank">Cannonborough Beverage Company</a>,&nbsp;a craft soda company, today announced plans to expand operations in Charleston County. The project will create 22 new jobs.</p> <p>Founded in 2012, Cannonborough Beverage Company produces craft sodas and mixers made from whole ingredients including fruits, herbs and spices.&nbsp;</p> <p>Located at 1750 Signal Point Road in Charleston, Cannonborough Beverage Company’s expansion will increase the company’s capacity and production capabilities. The company also plans to add a commissary kitchen.&nbsp;</p> <p>The expansion of the company’s production facility is currently in progress. Individuals interested in joining the Cannonborough Beverage Company team should visit the company’s&nbsp;<a href="https://www.cannonbevco.com/contact" rel="noopener noreferrer" target="_blank">contact page</a>.</p> <p><strong>QUOTES</strong></p> <p>"We are very proud to announce this exciting milestone for the company. Not only will this new production facility allow us to expand our&nbsp;operations to keep up with growing demand, it will allocate newly renovated food production&nbsp;space for other food businesses and is an opportunity to give back to a community&nbsp;that has been so supportive of Cannonborough Sodas. The generosity&nbsp;of Charleston area businesses to share their space, knowledge and experience with us over the last nine years has made a big impact on the company. To be able to pay that forward to the next generation of food entrepreneurs&nbsp;in Charleston is something we're very excited&nbsp;about."&nbsp;<strong>-Cannonborough Beverage Company Co-Founders Mick Matricciano and Matt Fendley</strong></p> <p>"Today we congratulate a homegrown business – Cannonborough Beverage Company – on their success in the Palmetto State. We look forward to watching them continue to grow in Charleston County for years to come.”<strong>&nbsp;-Gov. Henry McMaster</strong></p> <p>“South Carolina continues to attract investments from companies of all types, and today’s announcement by Cannonborough Beverage Company is proof of that. Team South Carolina celebrates their growth, and we look forward to their continued success.”&nbsp;<strong>-Secretary of Commerce Harry M. Lightsey III</strong></p> <p>“We’re pleased to see a local company not only expanding, but planning to source more agricultural products from South Carolina farmers. This is a great example of the teamwork that makes agribusiness our state’s No. 1 industry.”&nbsp;<strong>-Commissioner of Agriculture&nbsp;Hugh&nbsp;Weathers</strong></p> <p>“Our community has a passion for homegrown products, and we are excited to see what the future has in store for the growing craft soda market. Congratulations to Cannonborough Beverage Company on their expansion and establishing permanent roots in our community.”<strong>&nbsp;-Charleston County Council Chairman Teddie Pryor</strong></p> <p><strong>FIVE FAST FACTS</strong></p> <ul> <li>Cannonborough Beverage Company is&nbsp;expanding operations in Charleston County.</li> <li>The expansion project will&nbsp;create 22 new jobs.</li> <li>Cannonborough Beverage Company is&nbsp;a craft soda company.</li> <li>Located at&nbsp;1750 Signal Point Road in Charleston, S.C.</li> <li>Individuals interested in joining the Cannonborough Beverage Company team should&nbsp;visit the company’s&nbsp;<a href="https://www.cannonbevco.com/contact" rel="noopener noreferrer" target="_blank">contact page</a>.</li> </ul> <time datetime="2021-11-22T12:00:00Z">Monday, November 22, 2021</time> <a href="/industry/small-business">Small Business</a> Project will create 22 new jobs<a href="/tags/expansions" hreflang="und">Expansions</a> Mon, 22 Nov 2021 19:06:00 +0000 kmontgomery 7542 at https://www.sccommerce.com APEX Mattress Manufacturing, Inc. establishing operations in Colleton County https://www.sccommerce.com/news/apex-mattress-manufacturing-inc-establishing-operations-colleton-county <span>APEX Mattress Manufacturing, Inc. establishing operations in Colleton County</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Wed, 11/03/2021 - 13:13</span> <p>APEX Mattress Manufacturing, Inc., a mattress manufacturing company, today announced plans to establish operations in Colleton County. The more than $1.9 million investment will create 50 new jobs.</p> <p>Established in 2021, APEX Mattress Manufacturing, Inc. produces mattresses for retail stores and e-commerce businesses.</p> <p>Located at 304 Thunderbolt Drive in Walterboro, APEX Mattress Manufacturing, Inc.’s new facility is the company’s first manufacturing operation.&nbsp;</p> <p>The new facility is expected to be operational by January 2022. Individuals interested in joining the APEX Mattress Manufacturing, Inc. team should email&nbsp;<a href="mailto:jackhung@jonaglobal.com" rel="noopener noreferrer" target="_blank">jackhung@jonaglobal.com</a>.</p> <p><strong>QUOTES</strong></p> <p>“APEX Mattress Manufacturing, Inc. is delighted to announce the presence of our first U.S. mattress manufacturing facility in Walterboro, South Carolina. Through our comprehensive strategic planning and study, South Carolina offers the best climate for new business, and Colleton County offers the best location for being close to both the Charleston and Savannah ports. Thank you, South Carolina, for offering the business-friendly environment and warm welcome!”&nbsp;<strong>-APEX Mattress Manufacturing, Inc. President Jack Hung</strong></p> <p>“South Carolina continues to drive in economic growth across our state and specifically in our rural communities. I congratulate APEX Mattress Manufacturing, Inc. on their new facility in Colleton County, and I look forward to watching their impact grow in the Palmetto State.”&nbsp;<strong>-Gov. Henry McMaster</strong></p> <p>“We are excited that APEX Mattress Manufacturing, Inc. has chosen South Carolina for their new operating facility. Today’s announcement is another indication that companies recognize the benefits of doing business in the Palmetto State. We are thankful to this company’s investment and the 50 jobs it will create.”&nbsp;<strong>-Secretary of Commerce Harry M. Lightsey III</strong></p> <p>“This is another win for Colleton County! We are excited that APEX Mattress Manufacturing, Inc. has decided to locate in Walterboro and look forward to forming a partnership with their management team to ensure that they have what is needed to be successful. I am excited to see the finished product they are manufacturing. Thank you for bringing jobs to our region.”&nbsp;<strong>-Colleton County Council Chair Steve Murdaugh</strong></p> <p>“Congratulations to Colleton County and APEX Mattress Manufacturing, Inc. on this important job-creating announcement in Walterboro.&nbsp;Every job created provides a better opportunity for a family in our region, and we are pleased to assist Colleton County and APEX in any way that we can.”<strong>&nbsp;-SouthernCarolina Alliance Chair Marty Sauls</strong></p> <p><strong>FIVE FAST FACTS</strong></p> <ul> <li>APEX Mattress Manufacturing, Inc. is&nbsp;establishing operations in Colleton County.</li> <li>The more than $1.9 million investment will create 50 new jobs.</li> <li>APEX Mattress Manufacturing, Inc. will&nbsp;produce mattresses for retail stores and e-commerce businesses.</li> <li>Located at 304 Thunderbolt Drive in Walterboro, S.C.</li> <li>Individuals&nbsp;interested in joining the APEX Mattress Manufacturing, Inc. team&nbsp;should email&nbsp;<a href="mailto:jackhung@jonaglobal.com" rel="noopener noreferrer" target="_blank">jackhung@jonaglobal.com</a>.</li> </ul> <time datetime="2021-11-03T12:00:00Z">Wednesday, November 3, 2021</time> <a href="/industry/advanced-materials">Advanced Materials</a> <a href="/industry/small-business">Small Business</a> More than $1.9 million investment will create 50 new jobs<a href="/tags/new-business" hreflang="und">New Business</a> Wed, 03 Nov 2021 17:13:17 +0000 kmontgomery 7520 at https://www.sccommerce.com Citadel Brands LLC establishing operations in Williamsburg County https://www.sccommerce.com/news/citadel-brands-llc-establishing-operations-williamsburg-county <span>Citadel Brands LLC establishing operations in Williamsburg County</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Wed, 10/20/2021 - 09:39</span> <p><a href="https://www.citadelbrands.com/cgi-bin/liveweb/wam_tmpl/marketing.p?site=BASE&amp;layout=Base&amp;page=home" rel="noopener noreferrer" target="_blank">Citadel Brands LLC</a>, a clothing and apparel company,&nbsp;today announced plans to establish operations in Williamsburg County. The more than $7.5 million investment will create 116 new jobs.</p> <p>Locating to 955 N. Williamsburg County Highway in Kingstree, Citadel Brands LLC specializes in promotional clothing and apparel. The company’s new operations will increase distribution capacity and promote future growth for new products and brands.</p> <p>The Kingstree facility is expected to be operational in June 2022.&nbsp;<a href="https://app.constantcontact.com/pages/campaigns/email-details/details/activity/707d00e3-7f79-4d02-9f1c-e4f2f23266d0#" rel="noopener noreferrer" target="_blank">Individuals interested in joining the Citadel Brands LLC team should email&nbsp;</a><a href="mailto:jobs@citadelbrands.com" rel="noopener noreferrer" target="_blank">jobs@citadelbrands.com</a><a href="mailto:jobs@citadelbrands.com" rel="noopener noreferrer" target="_blank">.</a></p> <p>The Coordinating Council for Economic Development has approved job development credits related to this project. The council also awarded a $200,000 Rural Infrastructure Fund grant to Williamsburg County to assist with costs related to the project.</p> <p><strong>QUOTES</strong></p> <p>“Citadel Brands LLC is extremely excited to be moving our wholesale distribution company to Williamsburg County, located in the Lowcountry of South Carolina. Being a native of Kingstree brings me great joy in providing opportunity to longtime residents. The infrastructure in the area provides ease of transportation to our newly constructed warehouse and additional possibilities with the movement of our products across the United States. We are looking forward to working with the county on finding employees who are excited about being a part of a growing company with long-term goals firmly in place. Thank you, Williamsburg County!”&nbsp;<strong>-Citadel Brands LLC COO Greg Brown</strong></p> <p>“South Carolina is constantly working to bring investments and jobs to all areas of our state, but it’s always exciting to see a company invest in one of South Carolina’s rural areas. We celebrate Citadel Brands LLC’s decision to locate in Williamsburg County and create more than 100 new jobs in the area.”&nbsp;<strong>-Gov. Henry McMaster</strong></p> <p>“South Carolina has made a name for itself as a place where companies – big and small – want to do business. When a company like Citadel Brands LLC moves here and creates more than 100 jobs in a rural community, it shows the world that all of South Carolina is open for business. We look forward to watching the success of this great company here in our borders.”&nbsp;<strong>-Secretary of Commerce Harry M. Lightsey III</strong></p> <p>“We are ecstatic about this opportunity, and even more, honored that a native of this county is a part of this company. The creation of over 100 jobs in our rural community has created hope in the lives of so many people. We welcome Citadel Brands LLC to our county and our family. This proves that South Carolina is a place that businesses are willing to invest in, which is due to the hard work of so many people working together.”&nbsp;<strong>-Williamsburg County Supervisor Dr. Tiffany Wright</strong></p> <p><strong>FIVE FAST FACTS</strong></p> <ul> <li>Citadel Brands LLC is&nbsp;establishing operations in Williamsburg County.</li> <li>The more than $7.5 million investment will create 116 new jobs.</li> <li>Citadel Brands LLC is&nbsp;a clothing and apparel company.</li> <li>Locating to 955 N. Williamsburg County Highway in Kingstree, S.C.</li> <li>Individuals interested in joining the Citadel Brands LLC team should&nbsp;email&nbsp;<a href="mailto:jobs@citadelbrands.com" rel="noopener noreferrer" target="_blank">jobs@citadelbrands.com</a>.</li> </ul> <time datetime="2021-10-20T12:00:00Z">Wednesday, October 20, 2021</time> <a href="/industry/distribution-logistics">Distribution &amp; Logistics</a> <a href="/industry/small-business">Small Business</a> More than $7.5 million investment will create 116 new jobs<a href="/tags/new-business" hreflang="und">New Business</a> Wed, 20 Oct 2021 13:39:44 +0000 kmontgomery 7507 at https://www.sccommerce.com Phase IIB Matching Fund launched for S.C. small businesses https://www.sccommerce.com/news/phase-iib-matching-fund-launched-sc-small-businesses <span>Phase IIB Matching Fund launched for S.C. small businesses</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Thu, 09/09/2021 - 09:33</span> <p><strong>COLUMBIA, S.C.&nbsp;– </strong>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.</p> <p>Created by S.C. Commerce in 2018,&nbsp;<a href="https://sccommerce.com/news/south-carolina-office-innovation-launches-3phase" rel="noopener noreferrer" target="_blank">3Phase</a>&nbsp;assists South Carolina small businesses with acquiring SBIR and STTR federal grants - a common first funding source for startups and small businesses to commercialize new, innovative products. The SBIR and STTR grant program consists of two funding phases, Phase I (concept development) and Phase II (prototype development), before Phase III (commercialization). A Phase II project is eligible to receive additional funding to further acceleration.</p> <p>The creation of the Phase IIB Matching Fund reflects the rising success of South Carolina companies applying for these grants. In 2020, South Carolina achieved a 30% success rate in SBIR Phase I applications – a 13.3-point increase from 2019. 3Phase-supported businesses have received over $11 million in awards, with one application even earning a rare perfect score.&nbsp;</p> <p>“The South Carolina SBIR/STTR Phase IIB Matching Fund represents the next milestone in S.C. Commerce’s ongoing mission to promote the state’s innovation economy,” said Secretary of Commerce Harry M. Lightsey III. “The creation of this matching fund provides another resource for companies and another opportunity to recruit new business and create high-paying jobs within our borders.”</p> <p>Several federal agencies administer supplemental funding opportunities for small businesses that have received a Phase II award. These supplemental funds provide additional research and development resources to further accelerate commercialization of the Phase II awarded project. To qualify, small businesses must obtain private investment or capital.</p> <p>“Federal grant funding, partnered with matching private equity capital provides necessary investment to assist these vetted private, early stage start-up companies in South Carolina,” said Harry Huntley, JEDA’s executive director. “This program will help spur additional private equity and capital funding for South Carolina’s new and innovative companies.”&nbsp;</p> <p>JEDA will match up to $100,000 in SBIR/STTR Phase II awards received by high-tech small businesses located in South Carolina and/or those willing to relocate to become S.C.-based businesses. The new fund will be managed by 3Phase, which will make recommendations to JEDA for equity investment.</p> <p>To learn more, contact 3Phase at&nbsp;<a href="mailto:info@3phasesc.com" rel="noopener noreferrer" target="_blank">info@3phasesc.com</a>&nbsp;or attend one of the upcoming&nbsp;<a href="https://www.eventbrite.com/e/3phase-sbir-phase-2b-matching-fund-info-session-tickets-170347957326" rel="noopener noreferrer" target="_blank">virtual information sessions</a>&nbsp;on September 16 or 20.</p> <time datetime="2021-09-09T12:00:00Z">Thursday, September 9, 2021</time> <a href="/industry/high-tech">High-Tech</a> <a href="/industry/small-business">Small Business</a> SBIR/STTR program to help with funding for innovative small businesses and startups<a href="/tags/commerce-news" hreflang="und">Commerce News</a> Thu, 09 Sep 2021 13:33:26 +0000 kmontgomery 7465 at https://www.sccommerce.com State of South Carolina announces 2020 industry recruitment results https://www.sccommerce.com/news/state-south-carolina-announces-2020-industry-recruitment-results <span>State of South Carolina announces 2020 industry recruitment results</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Thu, 01/28/2021 - 10:51</span> <p>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.</p> <p>"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."</p> <p>To access the full report,&nbsp;<a alt="https://www.sccommerce.com/sites/default/files/2021-01/2020_Year_End_Report_FINAL.pdf" href="https://www.sccommerce.com/sites/default/files/2021-01/2020_Year_End_Report_FINAL.pdf" linktype="1" shape="rect" target="_blank" track="on">click here</a>.</p> <time datetime="2021-01-28T12:00:00Z">Thursday, January 28, 2021</time> <a href="/industry/advanced-materials">Advanced Materials</a> <a href="/industry/aerospace">Aerospace</a> <a href="/industry/agribusiness">Agribusiness</a> <a href="/industry/automotive">Automotive</a> <a href="/industry/distribution-logistics">Distribution &amp; Logistics</a> <a href="/industry/headquarters-and-corporate-offices">Headquarters and Corporate Offices</a> <a href="/industry/high-tech">High-Tech</a> <a href="/industry/life-sciences">Life Sciences</a> <a href="/industry/office-shared-services">Office &amp; Shared Services</a> <a href="/industry/recycling">Recycling</a> <a href="/industry/small-business">Small Business</a> $4 billion in capital investment, more than 11,100 new jobs recruited<a href="/tags/commerce-news" hreflang="und">Commerce News</a> Thu, 28 Jan 2021 15:51:55 +0000 kmontgomery 7305 at https://www.sccommerce.com S.C. Commerce Office of Innovation announces grant awards https://www.sccommerce.com/news/sc-commerce-office-innovation-announces-grant-awards <span>S.C. Commerce Office of Innovation announces grant awards</span> <span><span lang="" about="/user/53" typeof="schema:Person" property="schema:name" datatype="">kmontgomery</span></span> <span>Wed, 01/13/2021 - 10:14</span> <p>The South Carolina Department of Commerce Office of Innovation today announced $670,000 in grant awards to 13&nbsp;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.</p> <p>"The knowledge economy represents a vital part of South Carolina's present and future. To ensure our industry partners have access to cutting-edge technology and a high-tech workforce, the continued growth of innovation in S.C. is critical," said Secretary of Commerce Bobby Hitt. "Congratulations to these 13&nbsp;awardees, and we look forward to all they'll achieve in the years to come."</p> <p>Since 2013, the South Carolina Department of Commerce Office of Innovation has awarded more than $7 million in local innovation projects to 41 organizations. Relentless Challenge grants are a pillar of the Office of Innovation, connecting the state's people-driven ecosystem through resource development to support the business community in its relentless pursuit of transformational ideas.</p> <p>Projects commence in early 2021. The 13&nbsp;projects are:</p> <ul> <li>City of Myrtle Beach - Building Myrtle Beach's Entrepreneurial Ecosystem</li> <li>Don Ryan Center of Innovation - High-Tech Expansion in the Bluffton Region</li> <li>Greater Hartsville Chamber of Commerce - Cultivating the Future of Hartsville and the Pee Dee</li> <li>Greenville Local Development Corporation - The "GVL Starts" Program</li> <li>GrowCo - Project Flywheel</li> <li>Increasing H.O.P.E. - Accelerator Pilot Program</li> <li>McNair Institute for&nbsp;Entrepreneurism&nbsp;&amp; Free Enterprise - Connecting Students to Startups: Collaborative Online Programs for Students &amp; Startups</li> <li>MUSC Research Foundation - Entrepreneurial Support Through Education, Formation and Funding, Networking and Mentoring</li> <li>MUSC Zucker Institute for Applied Neurosciences (ZIAN) - Inspire, Innovate, Commercialize (I2C)</li> <li>NEXT Upstate - NEXT Learning Labs Extension, Office Hours, Entrepreneur-in-Residence, Internship Program Extension</li> <li>Piedmont Technical College - Workforce Immersion Experiences for Educators</li> <li>Trident Technical College - Virtual Entrepreneur Center at Trident Technical College</li> <li>Venture Carolina - Venture Carolina Center for Entrepreneur and Investor Education</li> </ul> <time datetime="2021-01-13T12:00:00Z">Wednesday, January 13, 2021</time> <a href="/industry/high-tech">High-Tech</a> <a href="/industry/small-business">Small Business</a> 13 organizations across the state receive funds to support innovation and entrepreneurship Wed, 13 Jan 2021 15:14:43 +0000 kmontgomery 7294 at https://www.sccommerce.com