HomeSouth CarolinaNorthMark chooses Spartanburg as its South Carolina launchpad for a $2.8 billion...

NorthMark chooses Spartanburg as its South Carolina launchpad for a $2.8 billion tech venture

Spartanburg County, South Carolina – The multi-strategy investment company NorthMark Strategies announced Spartanburg County will be its first site for operation in South Carolina. The company plans to spend $2.8 billion building a state-of-the-art high-performance computer center at 4000 South Pine Street, Spartanburg. Involving local companies and suppliers for maintenance and operations support, this investment is expected to generate at least 27 new jobs.

Part of NorthMark’s growth in the United States, the new plant will be fifth operation inside the country. Featuring on-site power generation to reduce its effect on the local power grid, it is meant to assist a range of companies in the engineering and technology industries. Known for supplying strategic counsel, asset management, and value-added services to privately owned businesses, the company sees this move as a strategic expansion to improve its capacity and service offerings.

“Of the more than 100 locations across the country we considered, Spartanburg stood out for its strong community, skilled workforce, dynamic economy and strategic advantages. Our investment in this high-performance computing center solidifies our commitment to building for future growth and being prepared to meet the growing demand for HPC capabilities among our current and future investment partners head-on,” NorthMark Strategies President Jen Byrne said.

Governor Henry McMaster also welcomed NorthMark’s decision, noting the substantial impact this project is expected to have on the region.

“NorthMark Strategies’ $2.8 billion investment is a milestone moment for Spartanburg County, and a clear reflection of the confidence companies have in our state. This project further positions South Carolina as a national leader in technology and innovation. We proudly welcome NorthMark to South Carolina and look forward to the impact they’ll have for years to come,” said South Carolina Gov. Henry McMaster.

With other development stages scheduled for following years, the Spartanburg facility is projected to start operating in the third quarter of 2026. Those seeking employment with NorthMark Strategies should visit the careers page on the company’s website, where job postings and application information will be provided as the project moves forward.

Read also: Broad bipartisan coalition of attorneys general warns de-banking practices threaten free speech and religious liberty

Apart from promising more employment for Spartanburg County, this new development helps South Carolina’s standing in the technology sector, therefore supporting economic development and improving the state’s image as a place for major investments in creative and high-tech sectors.

Latest

One ditch tells a larger story about South Carolina flood future

Horry County, South Carolina - Trish Alston does not...

City of Florence seeks applicants for commissions shaping growth, parks and public service

Florence, South Carolina - The City of Florence is...

Florence Police welcomes two new officers to strengthen community service

Florence, South Carolina - The City of Florence Police...

Newsletter

Random articles

City Council weighs airport investment as Florence looks to protect regional growth

Florence, South Carolina - Florence’s debate over airport funding...

City of Florence seeks applicants for commissions shaping growth, parks and public service

Florence, South Carolina - The City of Florence is...
Caroline Williams
Caroline Williams
Publisher Caroline Williams has more than 15 years of experience in journalism and media leadership across the Southeast. She has led Florence News Journal since its transition to a digital-first platform, guiding its growth as an independent voice for Florence County. Before joining the organization, she held editorial and management roles at regional publications and digital news ventures, with a focus on community engagement and sustainable local journalism models. With a college degree in journalism, Caroline is passionate about the role of local news in fostering informed, connected communities.

One ditch tells a larger story about South Carolina flood future

Horry County, South Carolina - Trish Alston does not wait for a hurricane warning to start worrying. She starts in June, when Horry County air...

City of Florence seeks applicants for commissions shaping growth, parks and public service

Florence, South Carolina - The City of Florence is looking ahead to its next round of public service, and residents who want a voice...

Florence Police welcomes two new officers to strengthen community service

Florence, South Carolina - The City of Florence Police Department added two new faces to its ranks last week, marking another step in its...