$4.2B in Industrial Investment Announced in SC in 2015

COLUMBIA, S.C. (AP) — More than $4.2 billion in business investment was announced in South Carolina during 2015 _ investment expected to create more than 17,000 jobs.

The South Carolina Department of Commerce announced Wednesday that 150 capital investment projects were announced across the state. The numbers include both new plants locating in the state and the expansion of existing facilities.

More than half of the new jobs are in manufacturing. Manufacturing represented investments of $3.6 billion, approaching 90 percent of the total investment.

The largest manufacturing projects announced during the year were both in the Lowcountry near Charleston where Volvo is building a new auto manufacturing plant and Mercedes-Benz is building a plant to make vans.

Both companies are investing a half billion dollars in the facilities.

Categories: State