Community & Economic Development

What is Economic Development?

In a small municipality such as Lake City, economic development focuses on the recruitment, retention, and expansion of focused areas that improve our city's quality of life, future growth, and economic potential, to include:

• Industry
• Commercial Retail
• Small Business
• Housing
• Infrastructure
• Workforce Development

Why Lake City?

Bordering Williamsburg County, the City of Lake City is 23 miles south of the City of Florence at the intersection of U.S. Highways 378, 52, and SC 341. Lake City is strategically located:

• 15 miles east of I-95
• 25 miles south of I-20
• 89 miles north of the Port of Charleston
• 78 miles east of Columbia, the state capital
• 48 miles south of the Dillon Inland Port
• 63 miles west of Myrtle Beach

Economic Viability

Lake City has the second highest population in Florence County, with 5,992 residents in the 2022 census.gov population estimate. More than 57,415 people live within a 15-mile radius of Lake City, and 2022 census state 136,740 residents live in Florence County.

Studies have shown tremendous economic viability in Lake City. Our top-rated healthcare systems, thriving schools, local arts and cultural venues, and business-friendly local government and services create an attractive environment for business owners looking for opportunities to grow a business while drawing quality talent. Local education and training institutions create a well-primed workforce, while a competitive business tax environment paves the way for success.

New Development

Lake City provides a competitive, attractive location for new development. With financial tax incentives and loan programs available, Lake City supports new construction and stimulates economic growth by encouraging the investment and expansion of businesses in a range of sectors: retail, food service, manufacturing, information technology, bio-medical, environmental and more.

Available Sites & Buildings