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South Carolina Commerce Reports Another Banner Year for Economic Development

Following a record-setting $10 billion in new investment in 2022, South Carolina expects to enjoy another banner year for economic development in 2023.

As of November, the Palmetto State has attracted about $7.7 billion in economic investments, according to Teresa Powers, deputy director for global business development for the state Department of Commerce.

This year’s investment total so far represents about 12,000 new jobs from 70 projects. Powers expects the final tally to come close to 2022’s $10 billion and 14,000 jobs.

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