Florence Ranks #48 in Area Development Magazine's Leading Metro Locations for 2023

In a recent report published by Area Development magazine, Florence has been ranked #48 out of 384 metro areas in the United States for overall economic health. The city's remarkable performance underscores its emergence as a dynamic and prosperous center for economic activity in the region.

The recognition from Area Development magazine highlights Florence's exceptional economic development and growth trajectory. Notably, Florence stands alongside Charleston/North Charleston as the only other metro areas in South Carolina to secure a spot in the top 50.

City Manager Scotty Davis expressed his enthusiasm about Florence's achievement, stating, "It is imperative that we remain committed to sustaining this momentum and building upon our successes. By continuing to invest in infrastructure and sustainable development, we can ensure that our city remains a beacon of progress and prosperity."

Florence's success can be attributed to the collaborative efforts of various stakeholders, including government agencies, businesses, community organizations, and residents. By leveraging collective strengths and capitalizing on emerging opportunities, Florence has solidified its position as an attractive destination for businesses and investors alike.

Area Development magazine's rankings consider several crucial factors, including local gross domestic product trends, unemployment rates, job growth in diverse sectors, alignment between employer needs and the labor market, and activity in high-tech manufacturing, R&D, and STEM-related occupations.

As Florence celebrates this achievement, the city remains committed to fostering an environment that promotes sustained economic growth, innovation, and prosperity for all residents and businesses.

Area Development Magazine's Leading Metro Locations for 2023 Full Report: https://www.areadevelopment.com/Leading-Locations/Q4-2023/leading-metro-locations-full-results-2023.shtml