The Charleston region offers medtech companies an adaptable workforce with a business-friendly environment. The presence of the Medical University of South Carolina, a tier 1 academic and research institution, our proximity to the Port of Charleston and our ability to attract talent make this an ideal location for medtech companies looking for growth.
Charleston is a globally competitive and highly attractive city for life science talent. We have more than 75+ medical device and pharmaceutical manufacturers, research laboratories, and service companies. With a growing IT community, Class A office space with research and lab capabilities, acres of real estate suitable for advanced manufacturing, and over $250M in yearly research funding at the Medical University of South Carolina (MUSC), Charleston provides the ingredients for success at all phases of a company’s growth.
The Charleston region's labor force is growing 3X faster than the U.S. average. Home to numerous advanced industries and companies employing 36,000+ workers, our growing talent pool has expertise in bioengineering, clinical trials & drug research, health IT & telemedicine, medical devices & diagnostics, and medical equipment.
“We are pleased and proud to call the Charleston region our new home. After nearly three years of evaluating numerous opportunities across the country, South Carolina and Berkeley County were by far the best option for our company and our employees. Since making our decision, the state, county, and local governments, and especially the regional business community, have welcomed us with open arms and have been incredibly supportive. We clearly made the right choice.”
— Paul F. Jacobson, Chief Executive Officer, Thorne
South Carolina offers competitive incentive programs to assist companies locating or expanding within the state. Perks include an eligibility category for facilities engaged in manufacturing, processing and R&D, a Jobs Development Credit for large bioscience facilities, a single factor apportionment formula, and accelerated equipment depreciations.
The Charleston region provides significant commercialization support for both startups and established companies. Our biotech leaders are always willing to collaborate and are committed to pushing the industry forward.