Yield Scientific, a subsidiary of GEM Opportunity Zone Fund, is investing more than $30 million in new operations in Hampton County expected to create 107 jobs.
Founded in 2017, Yield Scientific is a hemp growing and processing operation specializing in clinical-grade product development for the health care industry. The company offers cannabidiol products through its brand Victis CBD.
The new facility, located at Southern Carolina Industrial Campus in Early Branch, will enhance the company’s product development and manufacturing capabilities, according to a news release.
Operations are expected to be online by the first quarter of 2021. For employment information, visit www.yieldsci.com.
“We are both proud and grateful that this innovative company has chosen Hampton County as the home for their new operation,” Hampton County Council Chair Clay Bishop said. “Each of the 107 jobs they are creating will affect the future of a family in our region, which is why economic development is so important to the quality of life in a community.”
The Coordinating Council for Economic Development approved job development credits related to the project. Hampton County was also awarded a $50,000 Rural Infrastructure Fund grant to assist with related costs.p