Report: Local startups created 261 jobs, raised over $22.8M in new capital in 2017

The Upstate’s startup scene continues to grow.

A new report shows the 102 companies supported by NEXT in Greenville and across the Upstate region created 261 new full-time jobs in South Carolina last year. NEXT is the economic development program launched by the Greenville Chamber of Commerce in 2006.

“Momentum for NEXT and the high-impact ventures we support continued to build in 2017 as we experienced significant growth on numerous fronts,” said founder and CEO John Moore.

In addition to the increased job creation, the payrolls of entrepreneurial ventures at NEXT grew significantly in 2017 with the average salary reported at $69,443, or 1.6 percent higher than the average salary in Greenville County. That amounts to an annual payroll of $52.3 million.

NEXT companies also continue to attract significant investments, raising $22,888,944 million in new capital during 2017 alone, according to the report. In total, companies at NEXT have raised about $169.6 million since the program’s launch.

 

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