Local Data
Location & Expansion Log
Diverse companies – from startups to multinational corporations – continue to relocate and expand existing operations in the Charleston region.
CRDA-Facilitated Projects
Fexillon
May 16, 2024
Digital asset management solutions for the building and property management fields
The Charleston Digital Corridor recently welcomed Fexillon to its esteemed community as the company establishes its US office in Charleston, South Carolina. The Irish firm is a leader in digitizing the built environment and is capitalizing on the Digital Corridor's thriving tech scene as an ideal platform to expand into the U.S. market. "Our expansion into Charleston marks a pivotal moment for Fexillon and the broader Irish tech community," said Kieran Beggan, CEO. "We're proud to bring Irish expertise and innovation to the global stage as we enter the U.S. market. Basing our U.S. operations in Charleston provides comprehensive coverage for our customer base, with promising growth opportunities in South Carolina and neighboring states....With South Carolina's tech-friendly environment and skilled workforce, we're positioned for growth while driving innovation, forming partnerships, and showcasing the prowess of the Irish tech sector worldwide." Learn more: https://www.charlestondigitalcorridor.com/news/1715614917871-charleston-digital-corridor-welcomes-irish-trailblazer-fexillon-thriving-tech-community/
Carolina Dream
April 23, 2024
Hemp-based products for medical and wellness use
Marine Corps Veteran owned company; premium and transparently produced hemp products with full chain-of-custody record on all products
New, Expanding, and Mergers & Acquisitions
OhmIQ, Inc.
November 7, 2024
Global headquarters and research and development center for ohmic conduction technology firm
OhmIQ, Inc., a world leader in ohmic conduction technology development and licensing, has announced the expansion of its Charleston County operations. The new 10,000-square-foot facility, located at 3860 Faber Place Drive in North Charleston, will serve as the company's global headquarters and research and development center. With its patented ohmic heating technology, OhmIQ delivers an innovative and sustainable method for electrically heating liquids and other substances rapidly and uniformly by passing electricity through the liquid itself. The company licenses this technology to businesses in various industries including food and beverage, chemical processing, and textiles, enabling increased productivity and competitiveness. "OhmIQ couldn't think of a better place to grow our operations than in the Charleston market. Given the high number of qualified engineers and other professionals, its ease to travel to, and its very attractive environment, North Charleston is a perfect place for our domestic and international clients to visit and support our R&D team," remarked CEO Frederique Pirenne.
Yusen Logistics
October 23, 2024
Transloading and distribution center
New Jersey-based Yusen Logistics Inc., which distributes imported goods for Target retail stores, announced a new 89,000-square-foot transload and distribution center at 2000 Charleston Regional Parkway near Daniel Island. The new center will replace a temporary site Yusen has been operating at the Port of Charleston for more than two years, and it will more than double the company's existing capacity. The Berkeley County warehouse "will support our retail shippers and importers in the booming Southeast," said Barbara Melvin, president and CEO of the S.C. State Ports Authority. "This investment provides much-needed capacity for our customers and keeps the South Carolina port market competitive." Greg Futato, senior vice president of Yusen's contract logistics group, added "This move allows us to enhance our capabilities to support the significant growth of our current major retail client and provide services to new customers in the Charleston market."
Downsizing
Interfor
August 19, 2024
Lumber mill
Permanent layoff, 88 jobs impacted; Interfor Corporation announced in a recent quarterly report that due to a "persistently weak lumber market" and companywide losses of $76 million, they would be closing several facilities. In addition to closing the Summerville (Dorchester County) facility at 200 N Maple Street, Interfor will be downsizing lumber production at all of its North American sites and closing a location in Oregon and a mill in Meldrim, Georgia.
DAV-Force
April 8, 2024
Service-Disabled Veteran-Owned Small Business specializing in Vehicle Maintenance, Facility Maintenance, Supply, Logistics, Weapons repair, Communications Security globally
A US Department of Defense contract "stop-work" order initiated a layoff affecting 94 positions.