Lexington County expansion fuels statewide growth

Posted 1/28/21

South Carolina won 126 economic projects worth $4 billion and 11,147 jobs in 2020.

Nephron Pharmaceuticals’s  Lexington County expansion  accounted for $215.8 million and 380 …

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Lexington County expansion fuels statewide growth

Posted

South Carolina won 126 economic projects worth $4 billion and 11,147 jobs in 2020.

Nephron Pharmaceuticals’s Lexington County expansion accounted for $215.8 million and 380 jobs.

The SC Department of Commerce’s annual industry recruitment report showed an increase from 2019's $2.4 billion in economic investment despite covid-19.

Mark Anthony Brewing’s $400 million investment in a new production facility in Richland County is projected to bring 300 jobs.

The Agriculture Technology Campus in Hampton County is a $314 million investment with 1,500 projected jobs.

 Walmart’s $220 million new distribution center in Dorchester County is projected to create 1,000 jobs.

New projects made up 54% of the 2020 investment, with expansions accounting for 46%. The majority of investment was domestic, with 64% from US companies, followed by 10% from Canada and 6% from China.

Agribusiness brought in nearly 3,000 jobs.

Urban projects represented 72% of 2020 investment.

$1.1 billion in rural community investment nearly doubled from last year.

Nephron, Pharmaceuticals, sc, economic growth, economy

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