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SC Biz News

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uuid0005h6k

Namestring
SC Biz News
Legal namestring
SC BIZ News LLC
Websiteurl
scbiznews.com
Company typeenum
Private
Founded yearint
1995
Descriptiontext

SCBIZ (SC Biz News) is a South Carolina-focused B2B business media company founded in 1995 and operating as SC BIZ News LLC, a privately held subsidiary of regional publishing conglomerate BridgeTower Media. The company positions itself as the statewide business publication for South Carolina, producing original journalism across 12 industry verticals (agriculture, distribution & logistics, education & workforce, finance & economy, health & life sciences, hospitality & tourism, law & government, manufacturing, professional services, real estate & construction, transportation & utilities, and technology & innovation) and three geographic regions (Lowcountry, Midlands, and Upstate).

The core product surface spans the SCBIZ Magazine (print and digital editions), a daily newsletter, an online digital edition platform, the annual SC500 ranking of the state's 500 largest companies, the Book of Lists, and the Leads & Data Center commercial data product. Beyond editorial products, the company operates 11 branded annual events and awards programs—including Best Places to Work in South Carolina, Icon Honors, Emerging Leaders Under 40, Leaders in Business & Finance, Leaders in Law, Top 100 Women, the SC Manufacturing Conference & Expo, Manufacturing Mavens Awards, SC Top Projects, and Operational Excellence in Manufacturing—which double as both editorial recognition platforms and revenue-generating sponsorship vehicles.

The business model is a classic three-pillar B2B media structure: (1) advertising revenue from SC businesses purchasing display ads, sponsored content, and promotional placements across the website, newsletter, digital magazine, and event properties; (2) recurring subscription revenue for premium content, digital editions, and newsletter access; and (3) transactional revenue from event sponsorships and ticket sales. The go-to-market motion is sales-led, with direct sales into enterprise accounts for advertising and event packages. Pricing is quote-based across all three revenue streams and is not publicly disclosed. The company employs 11-50 people, is headquartered in Columbia, SC, and distributes content across its website (scbiz.com), email newsletter, social channels (X, Facebook, LinkedIn, Instagram), and on-the-ground industry events.

Short descriptiontext

SCBIZ is a South Carolina B2B business media company and statewide business publication owned by BridgeTower Media, serving local executives through journalism across 12 industry verticals, the SC500 rankings, daily newsletters, and 11 branded awards and conference events.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersMount Pleasant, United States
HQ citystring
Mount Pleasant
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
business news publishing, regional business media, business event management, industry data rankings, digital newsletter publishing
Industry1 code
1Business, Finance & Industry Trade Magazines
CodeMPAJAEAMPrimaryYes
NAICS code1 code
  • Periodical Publishers51312
SIC code1 code
  • Periodicals: Publishing Or Publishing & Printing2721
Product category
Regional Business Media and Publishing
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Advertising
TypeAdvertising
Description

Revenue generated from businesses and organizations advertising on the SCBIZ platform, including display ads, sponsored content, and promotional placements.

scbiz.com
2Subscriptions
TypeSubscription Recurring
Description

Paid subscriptions providing access to premium content, digital editions, newsletters, and exclusive business intelligence reports.

scbiz.com
3Event Sponsorships and Tickets
TypeTransaction Fee
Description

Revenue from hosting business events including Best Places to Work in SC, Icon Honors, Emerging Leaders Under 40, and various industry conferences with sponsorship opportunities.

scbiz.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

SC Biz News (SCBIZ) is a statewide business media company that publishes local business journalism for South Carolina across its website (scbiz.com), digital edition platform, email newsletters, and three biweekly business journals. The company monetizes its content through advertising sales, paid subscriptions, and event sponsorships, while also offering proprietary data products and awards programs such as the SC500 ranking, Book of Lists, and Best Places to Work in South Carolina.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

SCBIZ is South Carolina's market leader in business media, operated by BridgeTower Media. The company delivers comprehensive coverage through multiple interconnected products: the core SCBIZ Magazine (print and digital editions) serving as the primary statewide business publication; the annual SC500 ranking of the state's largest companies as a definitive business reference; the SCBIZ Daily Newsletter providing daily news digests; the Book of Lists and Leads & Data Center offering business intelligence and data products; and 11 branded industry events including Best Places to Work in South Carolina, Emerging Leaders Under 40, Icon Honors, Leaders in Business & Finance, Leaders in Law, Top 100 Women, SC Manufacturing Conference & Expo, Manufacturing Mavens Awards, South Carolina Top Projects, and Operational Excellence in Manufacturing. These products work together to connect business decision-makers and stakeholders throughout South Carolina.

Product and service18 records
1SCBIZ Magazine
CategoryPrint/Digital Publishing
Description

Statewide business magazine covering South Carolina business news, featuring articles on industries including manufacturing, real estate, health care, technology, and hospitality. Distributed digitally and through three biweekly business journals.

2SC500
CategoryData and Rankings
Description

Annual ranking and list of South Carolina's 500 largest companies, serving as a definitive reference for the state's business landscape.

3Digital Edition
CategoryDigital Content
Description

Online digital magazine platform providing accessible digital versions of SCBIZ Magazine content for readers.

4SCBIZ Daily Newsletter
CategoryEmail Newsletter
Description

Daily email newsletter delivering business news summaries and breaking news alerts to subscribers in South Carolina.

5Digital Newsletters
CategoryEmail Newsletter
Description

Collection of email newsletters covering various topics and industries within South Carolina business.

6Book of Lists
CategoryData and Rankings
Description

A curated database of top businesses and contacts in South Carolina across multiple industries, available through the Leads & Data Center.

7Leads & Data Center
CategoryData and Analytics
Description

Platform providing business leads, data analytics, and market intelligence for South Carolina businesses.

8Best Places to Work in South Carolina
CategoryIndustry Events and Awards
Description

Annual research-driven awards program recognizing outstanding employers in South Carolina, examining company practices, programs, and employee satisfaction. Sold via sponsorship and ticketing.

9Emerging Leaders Under 40
CategoryIndustry Events and Awards
Description

Annual event honoring young up-and-coming and accomplished professionals in the Upstate business community.

10Icon Honors
CategoryIndustry Events and Awards
Description

Awards program recognizing South Carolina leaders over the age of 60 for their notable success and strong leadership demonstration.

11Leaders in Business & Finance
CategoryIndustry Events and Awards
Description

Awards event recognizing top leaders in the business and financial sectors of South Carolina.

12Leaders in Law
CategoryIndustry Events and Awards
Description

Awards event honoring outstanding legal professionals and law firms in South Carolina.

13Top 100 Women
CategoryIndustry Events and Awards
Description

Awards program recognizing influential women leaders in South Carolina business.

14SC Manufacturing Conference & Expo
CategoryIndustry Events and Conferences
Description

Major manufacturing industry conference and exhibition in South Carolina bringing together industry professionals.

15Manufacturing Mavens Awards
CategoryIndustry Events and Awards
Description

Awards recognizing innovation and excellence in South Carolina manufacturing sector.

16South Carolina Top Projects
CategoryIndustry Events and Awards
Description

Awards program highlighting significant construction and development projects across South Carolina.

17Operational Excellence in Manufacturing
CategoryIndustry Events and Conferences
Description

Event focused on operational excellence best practices for the manufacturing sector.

18SCBIZ Advertising
CategoryAdvertising
Description

Display ads, sponsored content, and promotional placements sold to South Carolina businesses and organizations targeting the SCBIZ business audience across the website, newsletters, digital edition, and events.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeOthers
Description

BridgeTower Media is the parent company and publishing network that owns SCBIZ along with other regional business publications including ColoradoBiz, NJBiz, Rochester Business Journal, and Virginia Business. SCBIZ operates under the BridgeTower Media brand and shares digital infrastructure including the BridgeTower Network logo and subscription management systems.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers8 records
TypeEmerging player
Description

Digital-first B2B publisher operating vertical-specific business news outlets with newsletter and sponsored content monetization, structurally similar to SCBIZ's per-vertical coverage approach but at national scale.

TypeEmerging player
Description

Operates B2B trade publications and industry events across niche verticals, demonstrating the same magazine-plus-events-plus-data product mix as SCBIZ at a smaller scale.

TypeEmerging player
Description

Digital B2B media company covering commercial real estate across major U.S. markets with newsletters and events, comparable in audience model (B2B decision-makers) and event-driven monetization to SCBIZ.

TypeBroad incumbent
Description

Global B2B media and events conglomerate operating trade publications, industry events, and data products across dozens of verticals — a much larger incumbent playing the same B2B media + events + data combination as SCBIZ.

TypeRegional player
Description

Local South Carolina business publication focused on the Upstate market; competes for SC business audience attention and advertising spend, though narrower in geographic and vertical coverage than SCBIZ's statewide footprint.

TypeRegional player
Description

Regional business magazine serving the Charleston/Lowcountry market within South Carolina, overlapping with SCBIZ's geographic segmentation on one of its three regional pillars.

TypeDirect peer
Description

Operates a national network of regional business publications (e.g., Charlotte Business Journal, Atlanta Business Chronicle) covering local business news, industry events, and Book of Lists-style data products — directly analogous to SCBIZ's model across multiple U.S. metros.

TypeDirect peer
Description

SCBIZ's parent and sister publications within the same BridgeTower Media network, operating the same regional B2B media, events, and data product playbook across other U.S. states — the closest direct operational comparables.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

SC Biz News

Regional Business Media and Publishingscbiznews.com

SCBIZ is a South Carolina B2B business media company and statewide business publication owned by BridgeTower Media, serving local executives through journalism across 12 industry verticals, the SC500 rankings, daily newsletters, and 11 branded awards and conference events.

What SC Biz News does

SCBIZ (SC Biz News) is a South Carolina-focused B2B business media company founded in 1995 and operating as SC BIZ News LLC, a privately held subsidiary of regional publishing conglomerate BridgeTower Media. The company positions itself as the statewide business publication for South Carolina, producing original journalism across 12 industry verticals (agriculture, distribution & logistics, education & workforce, finance & economy, health & life sciences, hospitality & tourism, law & government, manufacturing, professional services, real estate & construction, transportation & utilities, and technology & innovation) and three geographic regions (Lowcountry, Midlands, and Upstate).

The core product surface spans the SCBIZ Magazine (print and digital editions), a daily newsletter, an online digital edition platform, the annual SC500 ranking of the state's 500 largest companies, the Book of Lists, and the Leads & Data Center commercial data product. Beyond editorial products, the company operates 11 branded annual events and awards programs—including Best Places to Work in South Carolina, Icon Honors, Emerging Leaders Under 40, Leaders in Business & Finance, Leaders in Law, Top 100 Women, the SC Manufacturing Conference & Expo, Manufacturing Mavens Awards, SC Top Projects, and Operational Excellence in Manufacturing—which double as both editorial recognition platforms and revenue-generating sponsorship vehicles.

The business model is a classic three-pillar B2B media structure: (1) advertising revenue from SC businesses purchasing display ads, sponsored content, and promotional placements across the website, newsletter, digital magazine, and event properties; (2) recurring subscription revenue for premium content, digital editions, and newsletter access; and (3) transactional revenue from event sponsorships and ticket sales. The go-to-market motion is sales-led, with direct sales into enterprise accounts for advertising and event packages. Pricing is quote-based across all three revenue streams and is not publicly disclosed. The company employs 11-50 people, is headquartered in Columbia, SC, and distributes content across its website (scbiz.com), email newsletter, social channels (X, Facebook, LinkedIn, Instagram), and on-the-ground industry events.

SC Biz News firmographics

Firmographics
Name
SC Biz News
Legal name
SC BIZ News LLC
Website
https://scbiznews.com
Company type
Private
Founded year
1995
Operating status
Operating
Headcount range
11–50 employees
Short description
SCBIZ is a South Carolina B2B business media company and statewide business publication owned by BridgeTower Media, serving local executives through journalism across 12 industry verticals, the SC500 rankings, daily newsletters, and 11 branded awards and conference events.
Ownership category
akta.pro rank

SC Biz News industry classification

Industry
Product category
Regional Business Media and Publishing
NAICS
Periodical Publishers (51312)
SIC
Periodicals: Publishing Or Publishing & Printing (2721)
akta.pro primary industry
Business, Finance & Industry Trade Magazines (MPAJAEAM)

Keywords

  • Business news publishing
  • Regional business media
  • Business event management
  • Industry data rankings
  • Digital newsletter publishing

Where SC Biz News is headquartered

Location

Headquarters

HQ city
Mount Pleasant
HQ country
United States
HQ region
North America

Offices1 record

Markets served

SC Biz News business model

Business model
GTM type
B2B
Offering type
Digital Commerce or Content
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

  1. Advertising: Revenue generated from businesses and organizations advertising on the SCBIZ platform, including display ads, sponsored content, and promotional placements.
  2. Subscriptions: Paid subscriptions providing access to premium content, digital editions, newsletters, and exclusive business intelligence reports.
  3. Event Sponsorships and Tickets: Revenue from hosting business events including Best Places to Work in SC, Icon Honors, Emerging Leaders Under 40, and various industry conferences with sponsorship opportunities.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

SC Biz News product offering

Product offering

Core offering

SC Biz News (SCBIZ) is a statewide business media company that publishes local business journalism for South Carolina across its website (scbiz.com), digital edition platform, email newsletters, and three biweekly business journals. The company monetizes its content through advertising sales, paid subscriptions, and event sponsorships, while also offering proprietary data products and awards programs such as the SC500 ranking, Book of Lists, and Best Places to Work in South Carolina.

Product overview

SCBIZ is South Carolina's market leader in business media, operated by BridgeTower Media. The company delivers comprehensive coverage through multiple interconnected products: the core SCBIZ Magazine (print and digital editions) serving as the primary statewide business publication; the annual SC500 ranking of the state's largest companies as a definitive business reference; the SCBIZ Daily Newsletter providing daily news digests; the Book of Lists and Leads & Data Center offering business intelligence and data products; and 11 branded industry events including Best Places to Work in South Carolina, Emerging Leaders Under 40, Icon Honors, Leaders in Business & Finance, Leaders in Law, Top 100 Women, SC Manufacturing Conference & Expo, Manufacturing Mavens Awards, South Carolina Top Projects, and Operational Excellence in Manufacturing. These products work together to connect business decision-makers and stakeholders throughout South Carolina.

Differentiator

Problem solved

Functional benefit

Products and services

  • SCBIZ Magazine Statewide business magazine covering South Carolina business news, featuring articles on industries including manufacturing, real estate, health care, technology, and hospitality. Distributed digitally and through three biweekly business journals.
  • SC500 Annual ranking and list of South Carolina's 500 largest companies, serving as a definitive reference for the state's business landscape.
  • Digital Edition Online digital magazine platform providing accessible digital versions of SCBIZ Magazine content for readers.
  • SCBIZ Daily Newsletter Daily email newsletter delivering business news summaries and breaking news alerts to subscribers in South Carolina.
  • Digital Newsletters Collection of email newsletters covering various topics and industries within South Carolina business.
  • Book of Lists A curated database of top businesses and contacts in South Carolina across multiple industries, available through the Leads & Data Center.
  • Leads & Data Center Platform providing business leads, data analytics, and market intelligence for South Carolina businesses.
  • Best Places to Work in South Carolina Annual research-driven awards program recognizing outstanding employers in South Carolina, examining company practices, programs, and employee satisfaction. Sold via sponsorship and ticketing.
  • Emerging Leaders Under 40 Annual event honoring young up-and-coming and accomplished professionals in the Upstate business community.
  • Icon Honors Awards program recognizing South Carolina leaders over the age of 60 for their notable success and strong leadership demonstration.
  • Leaders in Business & Finance Awards event recognizing top leaders in the business and financial sectors of South Carolina.
  • Leaders in Law Awards event honoring outstanding legal professionals and law firms in South Carolina.
  • Top 100 Women Awards program recognizing influential women leaders in South Carolina business.
  • SC Manufacturing Conference & Expo Major manufacturing industry conference and exhibition in South Carolina bringing together industry professionals.
  • Manufacturing Mavens Awards Awards recognizing innovation and excellence in South Carolina manufacturing sector.
  • South Carolina Top Projects Awards program highlighting significant construction and development projects across South Carolina.
  • Operational Excellence in Manufacturing Event focused on operational excellence best practices for the manufacturing sector.
  • SCBIZ Advertising Display ads, sponsored content, and promotional placements sold to South Carolina businesses and organizations targeting the SCBIZ business audience across the website, newsletters, digital edition, and events.

Companies that use SC Biz News

Customer profile

Segments1 record

Ideal customer profiles2 records

SC Biz News technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

SC Biz News partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • BridgeTower MediacoreOthersBridgeTower Media is the parent company and publishing network that owns SCBIZ along with other regional business publications including ColoradoBiz, NJBiz, Rochester Business Journal, and Virginia Business. SCBIZ operates under the BridgeTower Media brand and shares digital infrastructure including the BridgeTower Network logo and subscription management systems.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

SC Biz News competitors and assessment

Company assessment

Emerging players

  • Industry Dive: Digital-first B2B publisher operating vertical-specific business news outlets with newsletter and sponsored content monetization, structurally similar to SCBIZ's per-vertical coverage approach but at national scale.
  • Trade Press Media Group: Operates B2B trade publications and industry events across niche verticals, demonstrating the same magazine-plus-events-plus-data product mix as SCBIZ at a smaller scale.
  • Bisnow: Digital B2B media company covering commercial real estate across major U.S. markets with newsletters and events, comparable in audience model (B2B decision-makers) and event-driven monetization to SCBIZ.

Broad incumbents

  • Informa (B2B Media division): Global B2B media and events conglomerate operating trade publications, industry events, and data products across dozens of verticals — a much larger incumbent playing the same B2B media + events + data combination as SCBIZ.

Regional players

  • Greenville Business Magazine: Local South Carolina business publication focused on the Upstate market; competes for SC business audience attention and advertising spend, though narrower in geographic and vertical coverage than SCBIZ's statewide footprint.
  • Charleston Business Magazine: Regional business magazine serving the Charleston/Lowcountry market within South Carolina, overlapping with SCBIZ's geographic segmentation on one of its three regional pillars.

Direct peers

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

SC Biz News social profiles

Digital presence

SC Biz News financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SC Biz News leadership team

Management profile

Number of profiles

SC Biz News funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

SC Biz News M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SC Biz News

What does SC Biz News do?

SC Biz News (SCBIZ) is a statewide business media company that publishes local business journalism for South Carolina across its website (scbiz.com), digital edition platform, email newsletters, and three biweekly business journals. The company monetizes its content through advertising sales, paid subscriptions, and event sponsorships, while also offering proprietary data products and awards programs such as the SC500 ranking, Book of Lists, and Best Places to Work in South Carolina.

Is SC Biz News a public or private company?

SC Biz News is a private company. It is classified as corporate owned and is currently operating.

When was SC Biz News founded?

SC Biz News was founded in 1995. It employs 11 to 50 people.

Where is SC Biz News based?

SC Biz News is headquartered in Mount Pleasant, United States, in the North America region.

How does SC Biz News make money?

Three revenue lines are on record. Advertising is the primary driver. The others are subscriptions and event Sponsorships and Tickets.

Who are SC Biz News's main competitors?

Emerging players on record are Industry Dive, Trade Press Media Group and Bisnow. Informa (B2B Media division) is listed as a broad incumbent. Regional players are Greenville Business Magazine and Charleston Business Magazine. Direct peers are American City Business Journals (Bizjournals) and BridgeTower Media (sibling publications: ColoradoBiz, NJBIZ, Virginia Business, Rochester Business Journal).

Does SC Biz News have an API?

No public API is recorded for SC Biz News.

What industry is SC Biz News in?

SC Biz News's product category is Regional Business Media and Publishing. Its primary akta.pro industry code is MPAJAEAM, Business, Finance & Industry Trade Magazines. Its NAICS code is 51312 and its SIC code is 2721.

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Live signals
citybizSCBiz Names Veteran Business Journalist David Dykes Editor in ChiefDavid Dykes was named editor in chief of SCBiz, a BridgeTower Media publication covering South Carolina business. He previously edited Greenville Business Magazine, Columbia Business Monthly, and Charleston Business Magazine, and served as business editor at The Greenville News.SCBizSCBIZ names Zach Giroux editorZach Giroux joined SCBIZ as editor, bringing over 10 years of editorial leadership. He will guide the brand's statewide coverage and lead SC500, the premier recognition program. He previously worked at Charleston Women Magazine and Island Vibes.GlobeNewswireSIOS Technology Ranked #3 in Its Category on "2024 Best Places to Work in South Carolina" ListSIOS Technology was named one of the Best Places to Work in South Carolina for the fifth consecutive year, ranking #3 in the medium employer category among 46 companies. The ranking, from SC Biz News and Best Companies Group, requires an 80% average positive employee survey response. SIOS's high availability and disaster recovery solutions protect critical applications across cloud and datacenter environments.GlobeNewswireSIOS Technology Named to the “2022 Best Places To Work in South Carolina” List by SC Biz News and the Best Companies GroupSIOS Technology was named to the 2022 Best Places to Work in South Carolina list, ranking #21 in the small employee category for the third consecutive year. The ranking was determined by SC Biz News and the Best Companies Group, with awards to be presented at a ceremony on August 18.PR NewswireNephron Named To List of Fastest-Growing Companies in S.C.Nephron Pharmaceuticals Corporation was named one of the 40 fastest-growing companies in South Carolina for 2019 by S.C. Biz News. The recognition is based on dollar and percentage revenue increases from 2017 to 2018, placing it among the state's top performers. This honor highlights the company's operational growth within the regional pharmaceutical market.