SC Achieves Near Record Level of Capital Investment in 2023

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Last week, the South Carolina Department of Commerce released its 2023 industry recruitment results which shows that the Palmetto State continues to experience record economic development success. Throughout 2023, the state announced $9.22 billion in total capital investment, which is the second-highest amount in our history. 81 new projects were announced, creating 14,120 new jobs for South Carolinians.

The state’s two leading industry sectors, the automotive industry which includes electric vehicles (EV) and EV batteries, along with the alternative energy and fuels industry, made up the majority of the $9.2 billion investment with each sector receiving $4.3 billion and $1.6 billion in investment respectively. Florence County and the AESC project are part of this investment milestone.