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Study: Lexington ranks high in incoming investments

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Lexington County ranks in the top 10 of S.C. counties receiving the most incoming investments, according to a study from financial technology company SmartAsset.

The study aimed to find the counties with the highest investment from business, real estate, government and the local economy. Factors used in the study included business establishment growth, GDP growth, new building permits and federal funding.

Lexington finished 10th overall with an incoming investment index of 43.66. Lancaster County finished first with an index of 67.17.

Lexington’s highest ranking among factors was fifth in GDP growth $298 million. Richland County finished third overall in the state in the same category.

Lexington’s business growth was 2.3%, new building permits were 16.5 per 1,000 homes and federal funding was $244 per capita.

Investment coming in to S.C. counties

Rank County Business
Growth
GDP Growth
(millions)
New Building
Permits1
Federal
Funding2
Incoming
Investment Index
1 Lancaster 5.6% $172 34.1 $9 67.17
2 Berkeley 6.8% $378 24.2 $999 56.42
3 Jasper 12.5% $80 20.5 $288 56.18
4 Charleston 8.0% $1,705 21.6 $2,135 55.39
5 York 5.2% $624 23.6 $35 54.47
6 Horry 4.1% $1,130 20.5 $33 50.26
7 Greenville 3.9% $1,670 18.3 $3,583 48.26
8 Dorchester 4.4% $293 17.6 $173 46.19
9 Beaufort 4.9% $666 16.0 $183 45.10
10 Lexington 2.3% $829 16.5 $244 43.66
  SC -0.3% $298 8.9 $727  

1.Permits per 1,000 homes
2.Funding per capita
Source: SmartAsset.com study: "Places With the Most Incoming Investments"

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