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SCRA Produces Over One Billion Dollar Impact on South Carolina’s Economy |
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South Carolina Research Authority (SCRA) marked a strong year in 2021. The impact on South Carolina’s innovation economy was over a billion dollars. The total amount includes jobs supported, the salaries of Member and Portfolio Companies, grant funding to companies and academic institutions, and investments made by its affiliate, SC Launch Inc. SCRA’s economic impact was recently published in its annual report, ScaleUP SC.
Included in the $1.003 billion impact are:
- 5,429 South Carolina-based jobs supported by SCRA programs and operations.
- $73,811 average salary of SCRA-supported companies, 53% higher than the state’s average of $48,097.
- $4.6 million in grants to advance research capabilities, commercialize technology, expand product offerings, and fund the costs for businesses relocating to the state.
- $2.2 billion in additional funding from venture capitalists, etc. to SC Launch companies since the inception of the program in 2006, with over $722 million received in 2021 alone.
- Read more.
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SCRA Announces New Member Companies and Funding |
AlphaIntro, Arista Orthopedics, Copyt, Playfora, ProTrustee, and Rymedi were accepted as South Carolina Research Authority (SCRA) Member Companies. TestedHQ received new grant funding. All SCRA Member Companies receive coaching, access to experts in SCRA’s Resource Partner Network, eligibility to apply for grant funding, and the potential to be considered for an investment from SCRA’s investment affiliate, SC Launch Inc. Read more.
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Thank You to
our Diamond, Platinum, & Gold IPF Contributors
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- Accounting Systems Inc.
- Ameris Bank
- ASAP Expediting & Logistics LLC
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- Atlantic-Pacific Express, Inc.
- Blue Cross Blue Shield of South Carolina
- Carolinas Dermatology and Plastic Surgery PA
- Charleston ENT Associates
- Comporium, Inc.
- Dominion Energy Southeastern Services, Inc.
- Great Southern Homes, Inc.
- Herndon Chevrolet
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- Home Telecom
- McCullough Khan, LLC
- Oonaco LLC
- Precision Molecular Solutions LLC
- Republic Reign LLC
- Southeastern Freight Lines, Inc.
- Trident Construction, LLC
- United Community Banks, Inc.
- Yarborough Applegate LLC
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