South Carolina’s Department of Commerce has launched a new program designed to make it easier for foreign-owned companies to relocate into the Palmetto State, a move state officials hope could create new jobs.
A collaborative effort with the state’s regional economic development alliances, the Landing Pad program aims to assist established companies from around the world who are looking to enter either the U.S. or South Carolina markets for the first time.
Commerce Department spokeswoman Adrienne Fairwell told South Carolina Radio Network that the program helps the companies navigate the regulations and laws of doing business. “These companies, are generally speaking, companies that are interested in doing business in the U.S. or South Carolina, but they might need assistance,” she said.
Through the program, the Department of Commerce will encourage and enable global companies to put feet on the ground in South Carolina by streamlining what can be perceived as an overwhelming process in an unfamiliar market. The program will connect businesses to the appropriate service providers to navigate state and federal regulations or taxes that the agency hopes will help those businesses get started in a reliable and cost-effective way.
“They might be ready to locate on either a national scale or on a statewide scale here in South Carolina, but are a little bit anxious about how to make that happen,” Fairwell said.
The goal for the Landing Pad program is to ensure a greater success rate for companies expanding overseas. Fairwell said the hope is that eventually leads to more jobs for South Carolina residents.