Integer Technologies Boosts South Carolina’s Economy

News Summary

Integer Technologies is set to significantly impact South Carolina’s economy with a projected annual contribution of $63 million in 2024, increasing to $112 million by 2030. The company focuses on digital engineering solutions, collaborating with educational institutions to foster STEM talent. As South Carolina’s fastest-growing company, Integer is expected to enhance job creation and attract investments across various technology sectors, continuing to establish a strong presence in the state.

South Carolina is set to experience a significant economic boost as Integer Technologies, a prominent defense tech company, releases its South Carolina Economic Impact Report. The report projects an annual economic impact of $63 million for the state in 2024, a figure that is forecasted to increase to $112 million by 2030. Over the next decade, the total cumulative economic impact is expected to reach an impressive $751 million.

Integer Technologies specializes in providing next-generation digital engineering solutions tailored for both government and commercial clients. The company’s business model emphasizes collaboration with universities and industry partners to develop AI-driven solutions. Their commitment to workforce development is evidenced by partnerships formed with the University of South Carolina and most recently with Benedict College. These initiatives aim to cultivate talent in Science, Technology, Engineering, and Mathematics (STEM) fields to support Integer’s expanding operations in South Carolina.

As recognition of its rapid growth, Integer has been ranked as South Carolina’s No. 1 Fastest Growing Company for 2024. This accolade reflects the company’s success in creating high-paying, tech-centric jobs that are increasingly attracting STEM graduates to the region. Integer’s impact encompasses both direct and indirect economic activities linked to its operations, further solidifying its role as a key player in the state’s economy.

Duke Hartman, CEO of Integer, expressed pride in the company’s swift economic influence in South Carolina, achieved in just four years. Integer’s headquarters is strategically located in Columbia, chosen for its proximity to the University of South Carolina, allowing for seamless collaboration with the institution and access to a robust pool of engineering graduates. A substantial portion of the engineering team at Integer consists of alumni from the University of South Carolina, which bolsters the company’s technological capabilities.

Integer’s operational focus spans multiple domains, including unmanned systems, sensors and perception, power and energy systems, and cyber-physical systems. The growing demand for solutions in these areas is reflected in the projected economic contributions outlined in the report, authored by Joseph C. Von Nessen, Ph.D., a research economist at USC’s Darla Moore School of Business.

The company aims to enhance national security by engaging in applied research programs in collaboration with leading research universities. This aligns with Integer’s broader mission to contribute to the development of advanced technological solutions that not only serve commercial interests but also meet critical defense and security needs.

Beginning in 2024, Integer Technologies’ established presence in South Carolina is expected to positively influence local economies by bolstering job creation and attracting investment in various technology sectors such as energy, advanced manufacturing, aerospace, and defense. With a clear focus on innovation and partnership, Integer is poised to play a significant role in shaping the future economic landscape of South Carolina. As the company continues to grow, its contributions will likely have a lasting impact on the state’s economy and workforce.

Deeper Dive: News & Info About This Topic

• Business Wire: Integer Technologies Adds $63 Million In Annual Economic Impact for South Carolina
• Wikipedia: South Carolina
• BioSpace: Integer Technologies Launches Brand Refresh and New Website
• Google Search: Integer Technologies
• Greenville Business Magazine: 50 Fastest Growing Companies – No. 1 Integer Technologies
• Encyclopedia Britannica: Economy
• Business Wire: Aaron Wagner, Ph.D. Joins Integer Technologies as Chief Strategy Officer
• Google News: Integer Technologies
• Columbia Business Report: Benedict College, Columbia Company Receive $9M for Federal Workforce Initiative
• Google Scholar: Workforce Development