Why are Swiss companies investing in rural South Carolina?

Swiss companies are investing in rural South Carolina due to the state's business-friendly environment, skilled workforce, strategic location, and various incentives offered for foreign investments. These factors make South Carolina an attractive destination for international businesses looking to expand their operations in the United States.

What impact does foreign investment have on South Carolina's economy?

Foreign investment in South Carolina has a significant positive impact on the state's economy. It creates jobs, boosts local economies, increases tax revenues, and often leads to infrastructure improvements. Additionally, these investments bring new technologies and business practices that can benefit local industries and workforce development.

How does South Carolina attract foreign investment?

South Carolina attracts foreign investment through various means including a pro-business regulatory environment, competitive tax incentives, workforce training programs, strategic location with access to transportation networks, and dedicated economic development agencies that assist international companies with establishing operations in the state.

February 7, 2019

With NNMF Financing, Swiss Company Continues to Invest in Rural South Carolina

NNMF provides NMTC financing for expansion of Swiss Krono manufacturing facility, expected to create over 100 jobs.

Mark O’Meara profiles NNMF’s investment in Swiss Krono USA, which expanded the manufacturing company’s Barnwell, South Carolina facility by 250,000 square feet. To read the full article, visit Novogradac Journal of Tax Credits.

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