Florence, South Carolina, USA

🇺🇸 Florence is a city in and the county seat of Florence County, South Carolina, United States. It is at the intersection of Interstate 95 and Interstate 20 and is the eastern terminus of the latter. It is the county seat of Florence County and the primary city within the Florence metropolitan area. The area forms the core of the historical "Pee Dee" region of South Carolina, which includes the eight counties of north-eastern South Carolina, along with sections of south-eastern North Carolina.

Economy During the latter part of the 20th century and early 21st century, Florence's economy was transformed from being based largely on rail and farming into a diversified economy as the major commerce, finance, rail and trucking services, health care, and industrial centre of the Eastern Carolinas. There are over nine foreign affiliated companies and fourteen Fortune 500 companies in the region. The gross domestic product (GDP) of the Florence metropolitan statistical area as of 2009 was $6.8 billion, one of the highest among MSAs in the state.

Milken Institute 2008 Best Performing Cities Index showed the Florence MSA as the 5th largest gainer in their evaluation of the top 124 small metropolitan areas in the United States. The report ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. The components include job, wage and salary and technology growth.

Florence has blossomed into a strong centre for medical care, with four major medical providers McLeod Regional Medical Center, Medical University of South Carolina Hospital, Regency Hospital and HealthSouth. The growth of these providers has led to the transformation of the Florence skyline over the last 10 years, with development for demand with multi-story high-rises as well as community relation projects.

With such a strong medical community several companies have their global, continental, or national headquarters in Florence, including GE Healthcare manufacturing operations (MRI manufacturing), TRICARE, a supplemental insurance company that serves the US Armed Forces and its civilian employees, and Assurant, a real property and personal insurance company. The city also serves the pharmaceutical industry, with a Patheon pharmaceutical manufacturing facility and research and development centre for Patheon API Services.

Florence also serves as the financial and service hub for the Eastern Carolinas, with many financial and professional management institutions invested heavily within the city. Companies with regional operations and headquarters include Truist Financial, Monster.com, Otis Elevator, CSX Railway, Wells Fargo and Bank of America. Florence has operation headquarters for AT&T and is the south-eastern headquarters of Duke Energy Inc.

Florence has benefited from being located at the intersection of I-95 and I-20, approximately halfway between New York City and Miami, Florida. The city is located 80 miles (130 km) east from the state capital Columbia, 70 miles (110 km) west from Myrtle Beach, 120 miles (190 km) North of Charleston, and 110 miles (180 km) south-east of Charlotte, North Carolina. This has allowed Florence to remain competitive and bringing in and sustaining major manufacturers such as, General Electric, Honda, QVC Distribution Center and Otis Elevator.

Charleston, South Carolina 
Charleston, South Carolina
Image: Adobe Stock f11photo #104426425

Florence has a population of over 38,531 people. Florence also forms the centre of the wider Florence metropolitan area which has a population of over 200,653 people.

Text Atribution: Wikipedia Text under CC-BY-SA license

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