S.C. attracts over $5 billion in capital investment last year


For the second year in a row, capital investment recruited to South Carolina surpassed $5 billion after the state posted another solid business recruitment year in 2014, the South Carolina Chamber of Commerce said recently.


The chamber said that South Carolina won 146 economic development projects in 2014, totaling $5.08 billion in capital investment and adding 19,020 new jobs.

Manufacturing reportedly continued to show strength in 2014, with 10,496 manufacturing jobs recruited, or 55 percent of all new jobs in the state. In addition, manufacturers committed to investing $4.65 billion across the state in 2014, which represents 92 percent of the annual total.

“South Carolina is leading the Southeast in manufacturing job growth, and while manufacturing continues to be a major driver of our state’s economy, we are also seeing more project diversity as a sought-after location for corporate headquarters and other Class A offices,” South Carolina Secretary of Commerce Bobby Hitt said.

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