Pharmaceutical company to invest $81M in Richland County expansion, add 94 jobs

SourceColumbia Business Report
Date Published12/08/2022
Author NameChristina Lee Knauss
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name The Ritedose Corp.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):94
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):81
City reshored to:Columbia
State(s) reshored to:SC
If relevant, work nearshored to:-
Product(s) reshoredrespiratory medications, ophthalmic medicines
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market, Under-utilized capacity
Government Incentive dollar amount:$500,000 Set-Aside grant
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