Existing Industry News

Secretary of Commerce Harry M. Lightsey III kicked off a tour of the state’s economic development alliances at the Upstate SC Alliance’s Midyear Meeting on Wednesday, August 25. Leaders from across the 10-county Upstate region convened for updates on the alliance’s activities, economic performance and to network. 

In today’s technology-reliant world, maintaining private information online can make or break a business. As manufacturing supply chains are increasingly interconnected and companies become more tech-dependent, cybersecurity has evolved into a critical component of companies’ everyday operations.

A revolution in the automotive industry is underway, and South Carolina is helping lead the charge – literally. Sustainability initiatives and fluctuating oil prices are shifting the sector toward electric vehicles (EV) as alternatives to gas-powered combustion engines. And, that shift is accelerating within our borders.

Volvo Cars is celebrating the opening of its new education and training facilities. With top company leadership in attendance, Volvo hosted a grand opening ceremony for its Volvo Car University and Volvo Car South Carolina Technical Center buildings at its campus in Berkeley County on Wednesday.   

Magna Mirrors has officially started construction on its new facility in Spartanburg County. A division of Magna International, one of the world’s largest suppliers in the automotive industry, Magna employs more than 2,400 South Carolinians. 

With an estimated annual impact of $27 billion, the automotive industry is a major economic driver in the Palmetto State. To build on that growth and continue the advancement of the sector, the South Carolina Automotive Summit – which wraps up today – brings together top minds in the industry each year. This year’s summit, held virtually, provided an opportunity for leaders in the industry to discuss the latest business trends, share best practices and connect with automotive industry stakeholders. 

The South Carolina Fraunhofer USA Alliance (SCFUSA), a collaborative effort between the South Carolina Council on Competitiveness (The Council), South Carolina Department of Commerce and Fraunhofer USA, Inc., announced its newest team member this week. Dr.

A historic moment 20 years in the making. Team South Carolina’s reputation as an international business powerhouse received a big boost when SC Ports welcomed the first vessel to the Hugh K.

Existing industry is a major economic engine in South Carolina. Team S.C. is not just committed to recruiting new business; we are committed to providing our companies the resources and services throughout their growth and development that ensure success.

“You never get a second chance to make a first impression.”

Team South Carolina takes that famous quote by legendary American actor Will Rogers to heart. We recognize that in the realm of economic development, it’s imperative to put our best foot forward. And, the world has taken notice.