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Commerce seeks $150 million for site development, boosts for Locate SC and closing fund
Summary
South Carolina Department of Commerce Secretary Harry Lightsey told the subcommittee the agency recorded more than $8.19 billion in announced capital investment in 2024 and requested major budget increases including $150 million nonrecurring for site development and recurring increases for Locate SC and the closing fund.
Secretary of Commerce Harry Lightsey told the Economic Development Budget Subcommittee that South Carolina reported $8.19 billion in announced capital investment and roughly 5,500 jobs in 2024, driven primarily by reinvestments from firms already in the state.
Lightsey asked the committee to consider several budget increases to support site development and business recruitment. He requested an additional $4.5 million in recurring funds for Locate SC to bring recurring funding to $15 million and a $150 million nonrecurring allocation to expand the state's inventory of shovel‑ready industrial sites. Lightsey…
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