Florence County Emerges as Rising Economic Hub in the Pee Dee Region

Florence County is Thriving: Economic Buzz in the Pee Dee!

Hey there, Florence! Exciting things are happening in our corner of South Carolina, and it’s time to take note. The county is on a mission to flex its economic muscles and draw in major companies to rev up our local economy. Florence County is now being recognized as a potential economic hub for the Pee Dee region and the Southeastern United States. And let me tell you, folks, things are looking bright!

A Year of Major Wins

After a banner year in 2023 where Florence County celebrated its largest economic development project to date, the momentum is still strong. This year, the county is capitalizing on its success with a few jaw-dropping announcements — we’re talking about potential electric vehicle battery recycling facilities and an Amazon distribution center. Oh, and did I mention a new IT services company making its mark? Local officials are now setting their sights on even bigger fish!

Strategic Location and Diverse Industry Focus

Florence County is positioned quite nicely at the intersection of Interstates 95 and 20. This strategic location provides fabulous access to vital resources such as water, sewer, and energy. Gregg Robinson, the CEO of the Florence County Economic Development Partnership, shared that the county is honing in on companies that fit into the solid industries we already have, like food and beverage and electric vehicle suppliers. It’s all about creating a cluster of similar businesses to foster stability and growth. And you know what they say — why not reel in the “low-hanging fruit” first?

Bringing Headquarters to Florence

One major goal for county leaders is to lure corporate headquarters to Florence County. Why? Because having big companies based here translates to higher wages for our locals and helps to keep more money right here in our community. Higher wages mean a better quality of life — and who wouldn’t want that?

Diversification for Stability

It’s all well and good to focus on major industries, but it’s equally essential to diversify the economic landscape. Jeff McKay, the executive director of the North Eastern Strategic Alliance, emphasized that having a variety of industries shields the region from economic ups and downs. “We want to keep our people here and give them economic opportunities,” he noted. This diversification is what we need to ensure the well-being of Florence County residents.

The Manufacturing Powerhouse

Florence County is already home to big names in manufacturing like GE Healthcare and OTIS, and local leaders want to bring even more manufacturers into the mix. With over 12,000 workers in manufacturing and assembly jobs within a 60-mile radius, the proof is in the pudding. And let’s not overlook the shiny new $3.2 billion electric vehicle battery factory, which is expected to create around 2,700 jobs. How’s that for an economic boost?

The Food and Beverage Scene

Florence has a rich agricultural history that lends itself beautifully to the food and beverage industry. Well-known companies like McCall Farms and Pepsi of Florence are already making their mark here. Robinson believes that this strategic location makes Florence County ideal for attracting more companies in this sector. Who wouldn’t want to set up shop where delicious food abounds?

A Legacy of Workforce Skills

Don’t forget that Florence County has an impressive textile tradition, leading to a wealth of experience that can benefit various industries. The metals industry alone employs over 3,000 workers nearby, and it remains 35% more concentrated than the national average. With big players like NUCOR Vulcraft and Steelfab in the area, the county is in a prime position for growth in metalworking too!

Final Thoughts

In summary, Florence County is not just sitting back and watching the economic world go by. They are actively seeking opportunities that will shape the future of our community. So keep your fingers crossed, Florence! The future is looking very promising, and we might just be on the brink of something big. Stay tuned for more exciting news coming from the heart of Pee Dee!