Yield Scientific LLC to Invest $30 Million and Create 107 Jobs
May 12, 2020
Yield Scientific Establishing Operations in Hampton County
More than $30 million investment to create 107 new jobs
Hampton, SC – Yield Scientific, a subsidiary of GEM Opportunity Zone Fund, today announced plans to establish operations in Hampton County. The company’s more than $30 million investment is projected to create 107 new jobs.
“We are very pleased to join the Hampton County community of corporate citizens,” said GEM Opportunity Zone Fund CEO Zeb Portanova. “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.”
Founded in 2017, Yield Scientific is a hemp growing and processing operation that specializes in clinical-grade product development for the health care industry. Through its brand, Victis CBD, the company offers CBD products developed with high quality standards and advanced science.
Portanova added, “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.”
Located at Southern Carolina Industrial Campus in Early Branch, Yield Scientific’s new facility will enhance the company’s product development and manufacturing capabilities.
“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,” said Gov. Henry McMaster.
“Our approach to creating a business-friendly environment for all types of companies continues to pay off, and Yield Scientific’s investment in Hampton County is a testament to that. I look forward to watching the company thrive here for many years to come,” remarked Secretary of Commerce Bobby Hitt.
SC Commissioner of Agriculture Hugh Weathers added, “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.”
“We are both proud and grateful that this innovative company has chosen Hampton County as the home for their new operation. Each of the 107 jobs they are creating will affect the future of a family in our region, which is why economic development is so important to the quality of life in a community,” said Hampton County Council Chairman Clay Bishop.
According to Bill Hager, Hampton County Economic Development Commission Chairman, “Hampton County welcomes Yield Scientific to the Southern Carolina Industrial Campus. We are thrilled to have a state-of-the-art agribusiness producing health care and nutrition products in Early Branch.”
“The visionary leadership of Yield Scientific and the GEM Opportunity Zone Fund will bring job opportunities and investment to our region while supplying the global food network with agricultural products grown through advanced scientific protocol. We believe this kind of innovation is more important than ever to our regional and state economies in the coming years,” said SouthernCarolina Alliance Chairman Marty Sauls
The new operations are expected to be online by the first quarter of 2021. Individuals interested in joining the Yield Scientific team should visit https://www.yieldsci.com.