$13.7 million investment coming to Mt. Pleasant

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Photo by @theallisonedition

A global shipping company has announced a $13.7 million investment in Mt. Pleasant. Holy ship, that’s a lot of cash. 🚢

MSC USAcargo shipping division of Switzerland-based MSC Mediterranean Shipping Company — plans to expand its Mt. Pleasant branch at 700 Watermark Blvd. by 25,000 sqft. The company is also relocating corporate functions from its headquarters in the Northeast.

The Coordinating Council for Economic Development approved job development credits and a $1.2 million Set Aside grant to support preparation + construction in Charleston County.

Gov. Henry McMaster spoke about the investment, saying that the expansion emphasizes the international reach of SC Ports.

In a 2019 Economic Impact Study, SC Ports had a $7.8 billion economic impact on the Lowcountry, including 27,700+ jobs and $1.5 billion in labor income — responsible for generating one in 10 jobs in SC.

This hefty investment will add 135 new jobs to the area. If you’re interested in working with MSC USA, visit the career page. The expansion aims to be completed in 2023.