Laurens County Economic Development Sees Growth in 2024

News Summary

Laurens County’s economy shows promising growth in 2025, with significant investments and new jobs despite the challenges of a presidential election year. The Laurens County Development Corporation reported nearly 60 inquiries from potential businesses, leading to over $257 million in capital investments and creating about 250 jobs. The county’s average salary has increased by 21% in the past five years, and initiatives to support displaced workers have also been implemented. With future developments underway, Laurens County aims for continued economic success.

Laurens County Economic Development Shows Promising Growth in 2024 Despite Challenges

Welcome to the bustling hub of Laurens County! The local economy is humming along quite nicely in 2024, leaving many residents feeling hopeful for the future. The Laurens County Development Corporation (LCDC) has recently shared impressive figures that showcase the county’s economic resilience, even when faced with challenges that often come with a presidential election year.

Strong Economic Outcomes

In 2024 alone, the LCDC received nearly 60 requests for information from prospective businesses looking to invest in the area. This interest has translated into over $257.4 million in capital investments, creating about 250 new jobs for the hardworking folks of Laurens County. Although this year marks the third best economic performance in the last 15 years, there’s a sunshine of hope on the horizon, especially considering that it trails behind 2023’s record year.

Challenges and Expansions

The backdrop of a presidential election can make economic activity a bit slow, but that hasn’t stopped investments from flowing into the county. Notable expansions at Flame Spray in Fountain Inn and CeramTec in Laurens have brought about exciting growth opportunities.

Several other big names have also made their mark in Laurens County, including Duke Energy, Project Yorkshire, and Nordson ICS, among others. Each of these investments is a vital piece of the puzzle that’s reshaping the economic landscape. And as a bonus, the average base salary in the county has seen a 21% increase over the past five years, rising from $17.31 in 2020 to a refreshing $21.93 expected in 2025.

Job Availability and Resources

While it’s always exciting to talk about new jobs, it’s equally important to support those who have faced challenges after factory closures. To tackle this issue, the LCDC has successfully set up hiring events and connected affected workers with various resources.

And if you’re wondering about employment opportunities, there are currently about 25 industrial properties available in the county, inviting interested industries to move in and thrive!

Future Outlook and Investments

Looking ahead, the first quarter of 2025 is anticipated to bring a renewed boost in business activity, as things tend to pick up following the election season. The LCDC is committed to actively developing properties to ready them for future investments in Laurens County. With plans to issue $34 million in bonds for public facility improvements—including work on the Historic Courthouse and Emergency Management Center—the county is definitely investing in its future.

Solar Energy and Land Development

On the energy front, two solar farms have gained the county council’s approval, and they are set to bring in some substantial revenue. Joanna Solar LLC is expected to provide an annual payment of $167,000, and Yorkshire Holdings LLC will contribute $202,000 each year in fees. Not to mention, a sizable 650,000 sq ft building is currently under development in Hunter Industrial Park, with a significant investment of $45 million. All of these developments add up to a grand total of $127.5 million in announced investments in Laurens County, consistently working towards that record-breaking $648.6 million set last year.

Community Initiatives and Future Possibilities

In addition to economic development, Laurens County is also looking to enhance its community spirit. Plans for an equestrian park and new housing projects near Joanna are on the table, promising an exciting future for residents. The council has also approved a proposal for a time capsule to celebrate the Laurens Rotary Club’s 100th anniversary and a historical marker for the 250th Anniversary of the American Revolution.

As Laurens County continues to grow, it’s clear that there are plenty of opportunities on the horizon. With a commitment to progress and a supportive community, residents can look forward to a bright future ahead!