Yield Scientific, a subsidiary of GEM Opportunity Zone Fund, plans to establish operations at Southern Carolina Industrial Campus in Early Branch, South Carolina. The more than $30 million investment is projected to create 107 new jobs in Hampton County.
Founded in 2017, Yield Scientific is a hemp growing and processing operation that specializes in clinical-grade product development for the healthcare industry. Through its brand Victis CBD, the company offers CBD products developed with high quality standards and advanced science. The new facility will enhance the company’s product development and manufacturing capabilities, with operations expected to be online by the first quarter of 2021.
As an incentive, Coordinating Council for Economic Development has approved job development credits related to this project. Hampton County was also awarded a $50,000 Rural Infrastructure Fund grant to assist with costs related to this project.
“We are very pleased to join the Hampton County community of corporate citizens. Through Yield Scientific and the Victis CBD brand, we will invest over $30 million and create 107 jobs in a pharmaceutical-grade growing and processing complex within the Southern Carolina Industrial Campus in Early Branch. Our project would not have happened without the support and work of the SouthernCarolina Alliance team, the Department of Commerce, the Department of Agriculture and Hampton County,” said GEM Opportunity Zone Fund CEO Zeb Portanova.
“We’re thrilled that Yield Scientific has chosen to invest in South Carolina’s growing hemp industry and her people, creating more than 100 good jobs in one of our state’s rural gems,” Governor Henry McMaster said.
“Yield Scientific is a wonderful addition to South Carolina’s burgeoning hemp industry. Their greenhouse operations and processing capacity will create skilled agriculture jobs, and in an Opportunity Zone, no less,” added Commissioner of Agriculture Hugh Weathers.