AESC Electric Vehicle Battery Plant
AESC (Automotive Energy Supply Corporation) is a leading manufacturer of lithium-ion batteries for electric vehicles, established through a joint venture between Nissan and NEC Corporation. Founded in 2007, the company has played a pivotal role in advancing EV technology, providing high-performance batteries for Nissan’s electric models and collaborating with various automakers worldwide. Over the years, AESC has expanded its operations globally, establishing state-of-the-art manufacturing plants to meet growing demand for sustainable transportation. Its commitment to innovation and sustainability has positioned AESC as a key player in the electric vehicle battery industry, supporting the global shift towards cleaner energy solutions.
News Summary
Florence County is witnessing significant population growth, with nearly 1,000 new residents attracted by affordable living and job opportunities from industrial expansions. Key investments, like the AESC battery plant and new retail businesses, are transforming the local economy. The county’s charming culture and ideal location further enhance its appeal, making it a desirable destination for families and retirees alike.
Florence County Experiences Growth Surge with New Industries and Events Attracting Residents
Florence County has seen a significant population increase of nearly 1,000 new residents from 2020 to 2024, reversing a trend of minimal growth of less than 200 residents during the previous decade. This surge is primarily attributed to the county’s strategic location at the crossroads of I-95 and I-20, making it an appealing destination for those seeking affordable living amidst the charm of Southern hospitality.
The cost of living in Florence County stands out as attractively lower than in states like New Jersey, New York, Ohio, and Washington. This financial advantage is drawing individuals and families from more expensive regions, contributing to the rising population numbers.
Industrial Growth Driving Economic Development
Florence County’s economy is bolstered by substantial industrial investments, including the AESC electric vehicle battery plant, a $1.6 billion project expected to create approximately 1,620 jobs at full capacity. This significant undertaking highlights the county’s appeal to forward-looking industries.
In addition to AESC, other major employers contributing to the local economy include Cheney Brothers, GE HealthCare, Pepsi of Florence, Otis Elevator, and Thermo Fisher Scientific. Together, these companies are transforming Florence into a hub of economic activity with over $6 billion in new capital investment announced during Gregg Robinson’s leadership at the Florence County Economic Development Partnership.
Retail Expansion and Job Opportunities
The region is also witnessing growth in the retail sector, with new businesses like QuikTrip, Wingstop, Slim Chickens, and a new Publix shopping center set to open soon. These developments are expected to enhance local economic activity and create more job opportunities for residents.
Cultural Events and Attractions
Florence County is recognized for its vibrant community events, including the annual SC Pecan Music and Food Festival, which attracts thousands of visitors each fall, and ArtFields, providing engaging entertainment options for both tourists and locals. Additionally, the culinary scene is expanding, showcased by the recent opening of Elliott’s BBQ Lounge by award-nominated chef Elliot Moss within Seminar Brewing.
Ideal Location and Amenities
The county’s location offers residents convenient access to larger cities and coastal areas, being just two hours from Charlotte and Charleston, and approximately 90 minutes from Myrtle Beach. Residents benefit from a well-rounded lifestyle that combines proximity to urban centers with the tranquility of rural living.
Florence County is also home to numerous healthcare services and educational institutions, such as McLeod Health and Florence-Darlington Technical College, further attracting new residents with the promise of accessible health care and quality education.
Development Potential and Community Spirit
Companies in the area are capitalizing on a growing labor market, with five new industrial parks and sites that are currently being developed across 2,000 acres. This expansion promises to enhance business opportunities in the region.
Moreover, the community atmosphere is characterized by a strong sense of belonging, with residents frequently reporting high levels of satisfaction with the local culture. Florence County is becoming a popular choice among retirees searching for affordable housing close to the beach, compared to pricier coastal cities.
Recognition of Economic Development Leaders
The exceptional progress in Florence County has been acknowledged by various awards recognizing economic development leaders, including figures like Gregg Robinson and Will Johnson, who have played pivotal roles in fostering growth in the county.
As Florence County continues to grow and evolve, it stands out as an attractive destination for new residents, offering a blend of economic opportunity, rich cultural experiences, and a welcoming community.
Deeper Dive: News & Info About This Topic
HERE Resources
South Carolina Emerges as Economic Leader
New Health Center Set to Transform Conway’s Healthcare Landscape
Myrtle Beach Set for a Sizzling Weekend
South Carolina Invests $12 Million to Preserve Wetlands
Horry County Schools Adopts New ICE Compliance Guidance
Myrtle Beach Faces Unusual Weather Weekend
Controversial Bill Proposed for School Safety in South Carolina
New Buc-ee’s Location Approved to Bring Jobs and Economic Boost to Hardeeville
SCDOT Adds 20 Bridges to Repair Priority List; Hwy 501 Bypass Takes The Lead
Additional Resources
- Post and Courier: Florence County Affordability Development
- Wikipedia: Florence County, South Carolina
- WPDE: Florence County Economic Development Leaders Recognized
- Google Search: Florence County Economic Development
- SCNOW: Development in Florence County
- Encyclopedia Britannica: South Carolina
- WPDE: Florence County Leaders Seeking Major Companies
- Google News: Florence County Job Opportunities
- Charleston Business: $66M Distribution Facility in Florence County
- Groundbreak Carolinas: Cheney Brothers Facility Construction
