What Myrtle Beach Regional Economic Development Corporation does

Myrtle Beach Regional Economic Development Corporation (MBREDC) is a private non-profit economic development corporation founded in 2019 and headquartered in Conway, South Carolina, serving Horry County. The organization recruits, retains, and expands businesses in the region through site selection assistance, workforce development coordination, incentive facilitation, and existing-industry support services. Its client base comprises domestic and international companies evaluating Horry County as a location for new or expanded operations, spanning verticals such as aerospace/MRO, advanced manufacturing, technology, healthcare, and corporate headquarters.

MBREDC generates revenue primarily through tiered membership/investor dues (Chairman Partners, Presidents Partners, Leadership Partners, Executive Partners, and Supporting Partners, billed annually) supplemented by government funding and grants. It also operates an Ambassador Program launched in 2016, an Industry Awareness Development Course, and a 35-member Board of Directors comprising county officials, university presidents, chamber leadership, and business executives. The organization's core technology is a GIS-based interactive property search tool enabling businesses to filter available sites and buildings by acreage, square footage, or property name. Outreach is delivered through a multi-channel approach including direct enterprise engagement, relationships with site selection consultants, a 200+ member partner network, digital content, video, newsletters, and annual events.

Since 2012, MBREDC and predecessor efforts have facilitated over 25 company locations and expansions, creating more than 2,000 new jobs with approximately $200M in economic impact; from 2016 onward the organization has logged 29 announcements, $295.4M in capital invested, and 1,468 jobs created. The organization's value proposition rests on Horry County's strategic mid-Atlantic coastal location, three port access, favorable state tax structure (no state property, wholesale, local income, or inventory tax), and a workforce ranked top four nationally for workforce development programs by Area Development Magazine.

Name

Myrtle Beach Regional Economic Development Corporation

Legal name

Myrtle Beach Regional Economic Development Corporation

Website

https://mbredc.org

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Myrtle Beach Regional Economic Development Corporation is a private non-profit economic development organization serving Horry County, South Carolina, recruiting and supporting businesses through site selection, workforce development, and tiered membership programs.

Ownership category

akta.pro rank

Headquarters

HQ city

Conway

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Membership/Investor Dues: Local businesses and organizations pay membership/investment dues to MBREDC. The investment provides returns through events, networking, member-to-member business development, and opportunities to interact with new and expanding industries. Every $200 invested translates into 1 new job for Horry County, creating at least $3,000 of additional state and local tax revenue.
2. Government Funding and Grants: Public sector funding from local and state government to support economic development activities, workforce development programs, and infrastructure initiatives

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

MBREDC is a non-profit economic development corporation that provides business location and expansion assistance, site selection support, workforce development programs, and business recruitment services for Horry County, South Carolina. It markets the region to prospective companies, supports existing industries, and operates a tiered investor/membership program for local businesses that funds its economic development activities.

Product overview

The Myrtle Beach Regional Economic Development Corporation (MBREDC) is an economic development organization, not a technology product company. It offers a portfolio of services centered on economic development facilitation, including business location assistance, workforce development, business recruitment, and existing industry support. The organization connects businesses with industrial sites and buildings, provides access to workforce training programs through regional educational institutions, and facilitates networking through membership and ambassador programs. MBREDC's primary 'products' are service programs: site selection assistance, workforce development, business recruitment, existing industry support, investor membership, and the Industry Awareness Development Course.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Location & Site Selection Services Comprehensive site selection assistance helping businesses find ideal locations in the Myrtle Beach region, including access to industrial parks, commercial properties, and available buildings through GIS search tools. For companies seeking to locate or expand in Horry County.
• Workforce Development Programs Ranked workforce development services connecting businesses with trained talent through partnerships with Coastal Carolina University, Horry Georgetown Technical College, Pittsburgh Institute of Aeronautics, and readySC training programs. For employers seeking skilled workforce in Horry County.
• Business Recruitment & Attraction Strategic efforts to attract new businesses to Horry County, including marketing the region as a prime business location and facilitating company locations and expansions. For domestic and international companies considering Horry County.
• Existing Industry Support Support services for existing businesses in the region including expansion assistance, job creation support, and member-to-member business development opportunities. For companies already operating in Horry County.
• Investor/Membership Program Membership program enabling businesses to invest in MBREDC, with benefits including networking events, member-to-member business development, and access to new and expanding industries. Every $200 invested translates into 1 new job for Horry County. For local businesses and organizations supporting economic development.
• Ambassador Program Volunteer program launched in 2016 to strengthen communication between MBREDC and its members/investors, encouraging member engagement and optimizing investor benefits. For volunteer ambassadors and MBREDC investors.
• Industry Awareness Development Course Educational program teaching participants about various industries in Horry County, economic development diversity, and MBREDC's role in recruiting and supporting industry. Class participants meet monthly and visit existing industries. For community members and stakeholders.
• GIS Property Search Tool Interactive web-based geographic information system search tool that enables businesses to find available sites and properties based on specific criteria like acreage, square footage, or property name. For site selection consultants and prospective businesses.

Quantifiable outcome

• 25 company locations/expansions facilitated since 2012
• +6 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

20 partnerships are on record, tiered chairman partner, direct appointment, executive partner, presidents partner and supporting partner.

• City of Conwaychairman partnerGTM or Marketing PartnerChairman-level partner providing strategic support and leadership for economic development initiatives in Horry County. The city collaborates on business recruitment and infrastructure development.
• City of Myrtle Beachchairman partnerGTM or Marketing PartnerChairman-level partner and primary municipality, collaborating on business attraction, tourism development, and quality of life initiatives.
• City of North Myrtle Beachchairman partnerGTM or Marketing PartnerChairman-level partner supporting economic development in the northern Grand Strand region.
• Horry County Governmentchairman partnerGTM or Marketing PartnerPrimary government partner providing county-level support, infrastructure investment ($1.7 billion in roads/highways), and policy backing for economic development.
• Horry Georgetown Technical Collegechairman partnerStrategic or Co-development PartnerTechnical college providing workforce development, training programs, and skilled graduates for manufacturing and healthcare industries. Operates Advanced Manufacturing Centers.
• Coastal Carolina Universitydirect appointmentStrategic or Co-development PartnerFour-year university with $565.8 million economic impact, providing talent pipeline and workforce development. Awards 2,100 bachelor's and 1,400 technical certificates annually.
• Horry County Schoolsdirect appointmentStrategic or Co-development PartnerK-12 school district with 43,000+ students in 53 schools, preparing future workforce for local employers.
• Myrtle Beach Area Chamber of Commercedirect appointmentGTM or Marketing PartnerRegional chamber providing business networking, advocacy, and tourism promotion supporting economic development efforts.
• Santee Cooperchairman partnerGTM or Marketing PartnerElectric utility and economic development partner providing power infrastructure and business incentives for company locations and expansions.
• Grand Strand Water & Sewer Authoritychairman partnerStrategic or Co-development PartnerUtility infrastructure provider essential for industrial and commercial development, supplying water and sewer services to business parks.
• Pittsburgh Institute of Aeronautics (PIA)executive partnerStrategic or Co-development PartnerAviation maintenance training provider at ITAP, ranked top two-year trade school by Forbes, preparing students for FAA Airframe and Powerplant certification.
• Tidelands Healthchairman partnerGTM or Marketing PartnerMajor healthcare provider and employer, operating hospitals in Murrells Inlet and Georgetown, supporting healthcare industry growth.
• McLeod Healthexecutive partnerGTM or Marketing PartnerHealthcare system operating McLeod Seacoast and McLeod Loris hospitals, serving northern Horry County with 120+ physicians.
• Conway Medical Centerexecutive partnerGTM or Marketing PartnerNon-profit medical center with 200+ physicians, 210 inpatient beds, one of county's largest employers at 1,400+ employees.
• Dominion Energypresidents partnerStrategic or Co-development PartnerNatural gas provider supporting industrial development with infrastructure and competitive utility rates.
• Duke Energyexecutive partnerStrategic or Co-development PartnerElectric utility provider with rates 15% below national average, supporting business operations with affordable power.
• SC Power Teamsupporting partnerGTM or Marketing PartnerState economic development utility organization providing energy rate incentives for new and expanding industries.
• South Carolina Department of Workforceexecutive partnerStrategic or Co-development PartnerState agency providing workforce training programs including readySC for companies investing in South Carolina.
• eMYRge at HTC Aspire Hubexecutive partnerTechnology or IntegrationTech innovation hub and co-working space supporting startups, entrepreneurs, and remote professionals in the technology sector.
• DC Bloxexecutive partnerTechnology or IntegrationData center operator with facilities at ITAP including subsea cable landing station connecting Myrtle Beach to Argentina.

Scale indicators21 records

Recent moves5 records

Expansion highlights5 records

Others

• Site Selection Group: Independent site selection consultancy that advises companies on location decisions. Comparable as a key channel/partner that MBREDC works with to identify and recommend Horry County to prospective businesses, and a useful proxy for the consultant ecosystem that drives corporate site decisions.
• Area Development Magazine: Industry publication that publishes the rankings MBREDC prominently cites (workforce development, business climate, FDI projects). Comparable as the primary third-party validator whose rankings materially influence corporate site selection and EDC reputation.

Broad incumbents

• Florida Economic Development Council: Statewide association supporting Florida's network of regional EDOs. Comparable as an umbrella organization for EDCs, useful for understanding the broader competitive landscape of state-level economic development marketing and incentive competition that MBREDC faces.
• South Carolina Department of Commerce: State-level economic development agency that oversees statewide recruitment efforts and incentive programs. Comparable as the parent-level public-sector body that funds and coordinates with regional EDCs like MBREDC and shapes the incentive environment MBREDC operates within.
• Metro Atlanta Chamber (Economic Development): Major regional chamber with an economic development arm serving metro Atlanta. Comparable as a much larger, more established Southeast economic development organization pursuing similar FDI and corporate relocation targets with broader resources and brand recognition.

Direct peers

• Charleston Regional Development Alliance: Regional economic development organization serving the Charleston, SC metro area. Directly comparable as a non-profit EDC providing site selection, workforce development, and business recruitment services in an adjacent South Carolina market competing for many of the same FDI and domestic relocation projects.
• Charlotte Regional Business Alliance: Regional economic development and chamber organization serving the Charlotte, NC metro. Comparable as a Southeast EDC competing for financial services, manufacturing, and corporate HQ relocations with similar membership-driven funding and business recruitment services.
• Savannah Economic Development Authority: Regional EDC for the Savannah, GA area with port access. Comparable as a Southeast port-adjacent EDC competing for the same aerospace, automotive, and advanced manufacturing relocations and providing similar site selection, workforce development, and incentive facilitation services.
• Greenville Area Development Corporation: Non-profit EDC serving Greenville County, SC. Comparable as a South Carolina peer EDC with similar membership-based funding model, focus on advanced manufacturing recruitment, and overlapping competition for relocating companies within the same state.
• Greater Raleigh-Durham Chamber of Commerce (Economic Development): Regional economic development function serving the Research Triangle area. Comparable as a Southeast EDC/chamber hybrid pursuing tech, life sciences, and corporate HQ relocations with strong university workforce pipelines.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mbredc
• Facebookfacebook.com/171519986253805
• LinkedInlinkedin.com/company/2309237

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Myrtle Beach Regional Economic Development Corporation