EXPANDING YOUR BUSINESS IN SOUTH CAROLINA

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Region: Southeast

Capital City: Columbia

State Governor: Henry McMaster

Principal Cities: Aiken, Columbia, Charleston, Greenville, Spartanburg, Rock Hill, Myrtle Beach

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Top European Investments in South Carolina*

BMW

$2,000,000,000 combined / 500 jobs

e-VAC Magnetics

$506,000,000 / 300 jobs

ZF Transmissions

$500,000,000 / 400 jobs

Robert Bosch

$460,000,000 combined / 700 jobs

Eaton Corporation

$340,000,000 / 700 jobs

Pomega Energy Storage Technologies, Inc.

$279,000,000 / 575 jobs

* Since 2022

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A federally designated Tech Hub: The SC Nexus for Advanced Resilient Energy rankings

One of only five Regional Technology and Innovation Hubs focused on accelerating the nation’s energy transition.

South Carolina's Leading Industries

Click on the images for industry details.

Advanced Manufacturing

Advanced Materials

Aerospace

Agribusiness

Automotive

Distribution & Logistics

Electric Vehicles

Headquarters & Corporate Offices

Life Sciences

Research & Development

Technology

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From Launch to Legacy in South Carolina

A highly sought after destination for businesses located worldwide.

South Carolina Business Incentives

State Demographics - South Carolina’s Economy

5.5 % million
Population

as of 2024

Top 10
for attracting jobs through FDI

on a per capita basis as in 2023

# 1
Top Exporter of Passenger Vehicles in the U.S.

#1 as in 2024 (HS Code: 8703 Motor Cars & Vehicles for Transporting Persons)

# 1
Top Exporter of Tires in the U.S.

as in 2024 (HS Code: 4011 New Pneumatic Tires, Of Rubber)

Located within 1000
miles of 66% of the U.S.’ Population
# 1
City in the U.S.

Charleston Voted Best U.S. City for the 12th Straight Year

# 1
Undergraduate international business program

Ranked by U.S. News & World

Top 3
Relocation destination in 2024

South Carolina has ranked 2nd nationally among the leading destinations for in-bound movers for 2024

Success Stories of South Carolina’s International Corporations

Volvo

“Our South Carolina team has done a remarkable job producing the award-winning S60 and readying the plant for the next generation of electrified Volvo cars,” said Javier Varela, Senior Vice President Industrial Operations & Quality, Volvo Car Group. “Now, with the contract to produce the fully electric Polestar 3, we continue to expand our manufacturing operations for electrified vehicles.”

Polestar

“Polestar 3 will be built in America, for our American customers” says Thomas Ingenlath, Polestar’s Chief Executive Officer. “I remember the great response when I first shared Polestar’s vision here in the USA and I am proud that our first SUV will be manufactured in South Carolina. From now on, the USA is no longer an export market but a home market.

Mercedes-Benz

We are investing around half a billion dollars to create a top-notch Mercedes-Benz van plant here in South Carolina. This plant is key to our future growth in the very dynamic North American van market. Charleston is an excellent location for our new plant. The region has very highly-skilled workers, a dense network of reliable suppliers, and an outstanding logistics infrastructure that includes good transport connections to the nearby harbor. Just as important is the very good cooperation and support we’ve experienced at the local, municipal, and state levels." –Head of Mercedes-Benz Vans Volker Mornhinweg

BMW

“For nearly three decades, BMW has called South Carolina its second home. This expansion in our logistics operation represents our continued commitment to this state, and it will prepare Plant Spartanburg for the future. The new warehouse will allow us to consolidate our logistics processes as well as implement efficiency measures for a more sustainable logistics operation.” -BMW Manufacturing Co. President and CEO Robert Engelhorn

Bosch Rexroth

“We are very excited to see this continued investment in our business here in Greenville County, especially the investments linked to local R&D activities.” -Bosch Rexroth Technical Plant Manager Mike McCormick

Belimed Life Science, Inc.

“As a manufacturer of products used in the manufacturing process of life-saving vaccines and drug therapies, Belimed Life Science is excited to open our first U.S. site in Charleston, South Carolina. As the pharmaceutical and biotech industries continue to innovate for the benefit of all of us, the need for our products and services will continue to increase requiring future growth of Belimed Life Science. What better place to begin than here in Charleston.” -Belimed Life Science, Inc. President Ken Blankenship

Evolt

“Evolt remains at the forefront of the body composition technology space and continues to revolutionize the health and wellness industry across the United States and the other 25 countries we supply. As body scanners drive member engagement and pivot the self-care movement through the power of data and health metrics, consumers are leaning further into personalized solutions. We have already partnered with one of the largest fitness brands in the world – Anytime Fitness – and are currently rolling out to their network across the U.S. and worldwide. Our plan for the next five years is to continue our penetration into other verticals including pharmacies, supplement retail stores, corporate wellness programs and the body contouring industry.” -Evolt CEO Ed Zouroudis

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BMW Launch to Legacy Story

BMW's maverick decision to move manufacturing to South Carolina in 1992 was unheralded. Today, it is BMW's most productive plant.

Contact Information for your Business in South Carolina

Sérgio Domingues
Managing Director
European Office
FDI in Georgia USA - CASE

Almeida Palais
Brienner Straße 14
80333 München
Germany

Roxana Gonzalez
Managing Director,
UK & Ireland
RoxanaGonzalez_SC_10-24_small

Mappin House, 1st Floor
Winsley Street
London W1 8HF
Great Britain

  1. South Carolina Department of Commerce. Project and Recruitment Data. [accessed 2025 May 1]. https://www.sccommerce.com/state-economy/project-recruitment-data 
  2. United States Census Bureau. December 2024. Annual Estimates of the Resident Population for the United States, Regions, States, District of Columbia, and Puerto Rico: April 1, 2020 to July 1, 2024 (NST-EST2024-POP). [accessed 2025 May 19]. https://www.census.gov/data/tables/time-series/demo/popest/2020s-state-total.html
  3. Bureau of Economic Analysis. U.S. Department of Commerce. 2024. Survey of Current Business, New Foreign Direct Investment in the United States in 2023. [accessed 2025 May 19]. https://apps-fd.bea.gov/scb/issues/2024/08-august/pdf/0824-foreign-direct-investment.pdf
  4. United States Census Bureau. USA Trade® Online. 2024. State Exports by HS Commodities. [accessed 2025 May 19]. https://usatrade.census.gov/ 
  5. Elizabeth Cantrell, M. Travel + Leisure. 2024 July 9. This City Was Voted Best in the U.S. for the 12th Straight Year by T+L Readers, Who Say It ‘Can Compete With Any European Capital’. [accessed 2025 June 30]. https://www.travelandleisure.com/our-readers-favorite-cities-in-the-world-of-2023-7555844 
  6. U.S. News & World Report. Best Undergraduate International Business Programs. [accessed 2025 June 30]. https://www.usnews.com/best-colleges/rankings/business-international 
  7. Allied Van Lines. The 2024 Allied US Moving Migration Report. [accessed 2025 June 30]. https://www.allied.com/migration-map 
  8. United States Census Bureau. 2022. S0701. Geographic Mobility by Selected Characteristics in the United States. ACS 1-Year Estimates Subject Tables. [accessed 2025 June 30]. https://data.census.gov/table?q=in+migration&g=010XX00US$0400000_040XX00US45 
  9. U.S. Bureau of Labor Statistics. 2024. Quarterly Census of Employment and Wages. [accessed 2025 June 30]. https://data.bls.gov/cew/apps/data_views/data_views.htm#tab=Tables
  1. South Carolina Department of Commerce. [accessed 2025 June 30].  
  2. Ahmed, Z. Marine Insight. 2023 May 4. Top 10 Largest And Busies Container Ports In The United States. [accessed 2024 Mar 18]. https://www.marineinsight.com/know-more/top-10-largest-and-busiest-container-ports-in-the-united-states/
  3. Bureau of Transportation Statistics. U.S. Department of Transportation. 2021. Container/TEU. [accessed 2024 Mar 18]. https://data.bts.gov/stories/s/Container-TEU/x3fb-aeda/
  4. readySC. About Us. [accessed 2025 June 30]. https://www.readysc.org/about.html
  5. South Caralina Department of Commerce. SourceSC Industry Directory. [accessed 2025 June 30]. https://scbizdev.sccommerce.com/sc-industry-directory/results

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