Commerce secretary: SC manufacturing leads a robust time of growth.

• Date: 07 November 2022

South Carolina is enjoying one of its busiest years on record for business recruitment, and manufacturing is leading the way, according to Secretary of Commerce Harry M. Lightsey III.

He joined leaders from three of the state's hottest industries life sciences, aerospace and automotive on Nov. 3 at the S.C. Manufacturing Conference and Expo in Greenville for a discussion of the state's economic outlook for 2023.

"Almost all of the biggest business recruitment we are seeing in the state right now is in manufacturing, and we're going to continue to have a strong manufacturing backbone for our state's economy," Lightsey said.

He said several megatrends affecting manufacturing worldwide will also affect the state in the near future and for years to come, including changes in technology, an increased focus on sustainability and lingering supply chain issues which are causing many businesses to look at suppliers closer to home.

Here is a look at observations by industry leaders:

Life sciences

The life sciences industry is the fastest growing in South Carolina, with more than 1,000 companies statewide, according to James Chappell, president and CEO of SCBIO, the state's economic development organization for the industry.

Life sciences contribute $25.7 billion annually to the state's economy, he said. More than 87,700 people are employed in the...