Commerce

Secretary of Commerce: S.C. has 500 energetic financial improvement tasks

South Carolina Secretary of Commerce Harry Lightsey stated the state has as many as 500 energetic financial improvement tasks.

And whereas the possibilities of all of them panning out in favor of S.C. are unlikely, Lightsey stated the state additionally has about 93 companies dedicated to increasing or finding within the state.

Upstate the ‘engine’ of S.C.

Talking on the Lexington Chamber & Guests Heart “Enterprise Over Lunch” occasion final week, Lightsey declined to supply the total checklist of financial improvement tasks, however he did make a degree of mentioning the Upstate specifically, calling it the “enterprise engine” of South Carolina.

“The Upstate is a really enticing a part of South Carolina,” Lightsey stated.

With the size of the Upstate’s automotive business, Lightsey stated the area could have an vital management position to play because the business modifications over to electrical automobiles, a transition he dubbed the “biggest modifications for the reason that days of Henry Ford.”

As for which firms are coming to the Upstate, that additionally stays unclear. Nonetheless, he famous rural counties have invested closely in amenities and infrastructure, enabling companies to maneuver to the state and get began as shortly as attainable. The investments have principally associated to industrial parks, spec buildings or infrastructure enhancements like electrical energy and web entry.

“Quite a lot of these investments are beginning to repay,” he stated.

However that doesn’t imply the state is with out competitors.

Regional states like North Carolina, Georgia and Tennessee are giving the Palmetto State a run for its cash, in accordance with Lightsey, who confused the significance of constant the state’s partnership with business and providing a business-friendly local weather.

Working nicely on native, state ranges

“We work extremely nicely on the native and state ranges,” Lightsey stated. “CEOs are impressed by the individuals of South Carolina.”

He additionally praised the technical school system, saying packages like readySC — a program that brings custom-made recruiting and coaching options to firms bringing new jobs to the state — and the majors provided helped appeal to high-demand jobs which can be enticing for enterprise.

“Our technical school system is world-renowned,” he stated.

As for financial headwinds, Lightsey stated there aren’t any indicators of the state slowing down — for now.

“We must be what the long run might convey,” he stated.

Key financial figures for S.C.

  • Labor power: 2,399,637
  • Unemployment fee Greenville/state: 3.1%/3.2%
  • Obtainable on-line job postings: 106,900
  • Regional inhabitants: 920,477
  • Common hourly earnings, Greenville/state: $28.89/$28.24
  • Greenville manufacturing progress from July 2021-July 2022: 5%

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