Today we celebrate another exciting announcement from The Ritedose Corporation. TRC’s upwards trajectory in pharmaceutical manufacturing in Richland County showcases the potential for industries to thrive locally. Congratulations to TRC and our partners in Richland County on this next step in the company’s advancement.
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PRESS RELEASE: South Carolina Department of Commerce
December 8, 2022
COLUMBIA, S.C. – The Ritedose Corporation, a locally owned and operated pharmaceutical manufacturer, today announced plans to expand operations in Richland County. The company’s $81 million investment will create 94 new jobs.
Founded in 1995, The Ritedose Corporation operates a state-of-the-art “blow-fill-seal” (BFS) facility, where liquid-pharmaceuticals are formulated, filled and packaged for distribution. For over 25 years, The Ritedose Corporation has been an industry leader in the aseptic production of sterile, single-dose medication, serving the contract development manufacturing, generics and 503B outsourcing markets. The company serves customers ranging from small startups and retail pharmacies to large pharmaceutical companies, wholesalers and hospital systems.
Located at Carolina Research Park in Columbia, The Ritedose Corporation’s first phase of expansion includes adding square footage to its existing facility. The expansion will also involve internal renovations to the existing structures of the facility. This will allow the company to house an additional 400 million doses of pharmaceuticals.
Phase one of the expansion and the addition of approximately 50 of the 94 total jobs will be completed in early 2024. Individuals interested in joining The Ritedose Corporation should visit the company’s careers page.
The Coordinating Council for Economic Development approved job development credits related to this project. The council also awarded a $500,000 Set-Aside grant to Richland County to assist with the costs of building improvements.
QUOTES
“This initial phase of the expansion project will allow The Ritedose Corporation to continue to deliver over 1 billion doses of respiratory maintenance drugs to the U.S. population, while providing the runway for multiple drugs in various stages of development to be commercialized in the coming years.”
-The Ritedose Corporation President and Chief Executive Officer Jody Chastain
“South Carolina’s life sciences industry continues to flourish with the expansion of The Ritedose Corporation. By strengthening our life sciences industry, like we are today, we bring good-paying jobs to our people and ensure that vital medical supplies are being made right here in South Carolina. Congratulations to The Ritedose Corporation, and we look forward to your continued success.”
-Gov. Henry McMaster
“Today, South Carolina celebrates The Ritedose Corporation, a homegrown pharmaceutical leader whose expansion signals the strength of our state’s growing life sciences industry. This investment also expands STEM career pathways for all South Carolinians, nurturing the highly skilled workforce within our borders. We’re proud of the continued success of yet another South Carolina-based company.”
-Secretary of Commerce Harry M. Lightsey III
“The Ritedose Corporation’s expansion is a major win for Richland County. Council sees The Ritedose Corporation's continued investment in its facility here as an investment in our community, and we are excited about this project bringing many well-paying jobs to Richland County.”
-Richland County Council Chair Overture Walker
FIVE FAST FACTS
- The Ritedose Corporation is expanding operations in Richland County.
- The company’s $81 million investment will create 94 new jobs.
- The Ritedose Corporation is a locally owned and operated pharmaceutical manufacturer.
- Located at Carolina Research Park in Columbia, S.C.
- Individuals interested in joining The Ritedose Corporation team should visit the company’s careers page.
About S.C. Department of Commerce
As South Carolina's leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, the Palmetto State has consistently been among the top in the nation for attracting jobs through foreign direct investment on a per capita basis – recognized by multiple economic development publications for its pro-business climate. For more information, visit www.SCcommerce.com.