Ideal State for Business and Energy Development

Posted on 22 October 2012

Ideal State for Business and Energy Development

South Carolina is known for being one of the most desirable states for doing business in the manufacturing industry, but what you might not realize is that South Carolina is quickly becoming one of the most desirable states for alternative energy. SC has a proposal drafted for an offshore wind farm that would create thousands of new jobs. Meanwhile, SC’s innovative workforce development programs trained more than 250,000 workers for nearly 2,000 companies. It’s no wonder why SC is ranked second by the consultants for Top States for Doing Business.

“It’s important that we have people who have the ability to perform high-technology work and who are willing to continue to learn,” says Marco Cavazzoni, vice president and general manager of final assembly and delivery for Boeing Commercial Airplanes in North Charleston. “This is an environment where everyone rallies for a common cause, and people here are aligned with the very high goals we have set for this facility.”

According to AreaDevelopment Online, the automotive manufacturing sector saw more than $2.7 billion in capital investment and nearly 4,700 new jobs. Companies, such as Bridgestone Americas and BMW have contributed to SC’s automotive manufacturing sector growth. Bridgestone announced in 2011 a new manufacturing facility would add more than 850 jobs, making it the largest single initial capital investment in state’s history. BMW has been key player in SC’s economy. BMW’s total investment to SC is nearly $6 billion. Recently, BMW contributed to sector growth by investing in a $900 million expansion in Spartanburg County.

South Carolina is quickly becoming a desirable place for alternative energy. An offshore wind farm in South Carolina would generate more than 1,000-megawatts of energy, according to a report conducted by Clemson University. The report indicates the construction of the wind farm would create more than 3,800 jobs a year for 10 years, generating nearly $2 billion in wages, and nearly $620 million in state and local tax revenue.

“Commerce supports ongoing research and development that will help further our state’s portfolio of alternative and sustainable energy, including wind,” SC Department of Commerce Secretary Bobby Hitt said in a statement. “These industries can help fill the pipeline with high-skilled, high-paying jobs.”

South Carolina’s well-known automotive manufacturing sector and the emerging alternative energy sector, could be the key to an economic boom in SC.

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