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COLUMBIA, S.C. – Magnolia Botanicals, a joint venture between South Carolina-based Blue Water Green Bridge, LLC and United Cannabis Corporation, today announced plans to establish an industrial hemp processing plant in Dorchester County. With a capital investment of $3.2 million, the company will create 52 new jobs.
Located at Pine Hill Business Campus in Ridgeville, S.C., the company will provide hemp extraction services for farmers working under the 2018 Federal Farm Bill and the S.C. Department of Agriculture’s Industrial Hemp Pilot Program.
Operations are expected to be online by the first quarter of 2020. Individuals interested in joining the Magnolia Botanicals team should contact [email protected].
The Coordinating Council for Economic Development has approved job development credits related to this project.
QUOTES
“Establishing a state-of-the-art processing facility in Dorchester County gives us a competitive advantage in this emerging market. We are proud to call the Lowcountry home and excited to bring 52 new jobs to this community.” – Blue Water Green Bridge CEO Richard Mudd
“We work hard every day to show companies the benefits of doing business in South Carolina, so it’s exciting to see announcements like this one. We celebrate Magnolia Botanicals’ decision to invest and create 52 new jobs in Dorchester County.” – Gov. Henry McMaster
“South Carolina has a rich history in the agribusiness sector, and today’s announcement by Magnolia Botanicals shows that this industry continues to flourish in the Palmetto State. We congratulate this innovative company on its new operations and look forward to all Magnolia Botanicals will achieve in Dorchester County.” -Secretary of Commerce Bobby Hitt
“South Carolina’s Hemp Farming Program has brought enormous opportunity to South Carolina farmers, and capable, large scale hemp processing is a key part of future development as the industry grows. We welcome Magnolia Botanicals’ investment in our state and its farmers.” – Commissioner of Agriculture Hugh Weathers
“We welcome Magnolia Botanicals to Dorchester County and look forward to its success. Industrial hemp farming is a growing industry, and extraction facilities such as these are necessary for those farmers to thrive.” – Dorchester County Council Chairman George Bailey
“We are pleased to welcome Magnolia Botanicals, LLC to Dorchester County and look forward to its continued success. This was a seamless effort among several partners, and this company at the intersection of biotechnology, agribusiness and manufacturing will be an invaluable addition to our region’s growing economy.” -Charleston Regional Development Alliance Board Chairman John Hagerty
FIVE FAST FACTS
About S.C. Department of Commerce
As South Carolina’s leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, the Palmetto State was among the top in the nation for attracting jobs through foreign investment on a per capita basis in 2018 – extending its streak of top five finishes since 2011. Additionally, the state has won the Gold or Silver Shovel Award from Area Development magazine every year since 2011; and, in 2017, the state was recognized as Business Facilities’ State of the Year. For more information, visit www.SCcommerce.com.
MEDIA CONTACT:
Alex Clark, CMP
Director of Marketing & Communications
South Carolina Department of Commerce
(803) 737-1998
[email protected]
www.SCcommerce.com
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