News Summary
Xoted Biotechnology Labs has announced plans to establish a new research and development facility at the Spark Center in Spartanburg County, investing $4.2 million. This development is expected to create 34 job opportunities and will focus on innovations in biotechnology and environmental technologies. The facility aims to serve as both a product development hub and a center for STEM education in collaboration with local institutions. The project represents a significant boost to the local economy and the biotechnology sector in the region.
Spartanburg County, South Carolina – Xoted Biotechnology Labs has announced its plans to establish a new research and development facility in Spartanburg County with an investment of $4.2 million. The development is projected to create 34 job opportunities upon opening, marking a significant boost for the local economy.
This facility will be situated at the Spark Center, specifically at 1875 East Main St. in Duncan, South Carolina. Xoted, a subsidiary of DRC Ventures and TRB Holdings, is known for its commitment to innovations in biotechnology, nutraceuticals, and environmental technologies. The company is set to focus on various areas including plant-based detoxification, seed research, oil refinement, and next-generation applications in textiles and cleanroom technology.
Research and development operations at the Spark Center have already commenced, although the brick-and-mortar facility is still under construction. This new facility aims to not only facilitate product development but also act as a hub for STEM education and scientific research, promoting a blend of professional development and community education.
Xoted Biotechnology Labs plans to collaborate with local educational institutions, including Spartanburg Community College, to advance biotechnology education in the region. This partnership reflects the company’s commitment to fostering a skilled workforce that is essential for the growth of the biotechnology sector in Spartanburg County and beyond.
The manufacturing operations at Xoted are planned to roll out in four phases, with Phase 2 focusing on identifying additional locations for future expansion throughout South Carolina. This phased approach allows for a systematic development of operations and supports the state’s larger initiative to diversify its economy and enhance prosperity.
Xoted is part of a broader network that includes DRC Ventures, which holds nearly 90 international patents with an estimated value exceeding $1 billion. These patents cover a range of innovative technologies focused on detoxification and environmental remediation. Meanwhile, TRB Holdings operates manufacturing and R&D facilities across multiple states, including South Carolina, Nevada, and Tennessee, enhancing the company’s reach and capabilities.
This facility at the Spark Center symbolizes a significant push towards creating a clean manufacturing environment prioritizing scientific advancement and sustainability. The Spark Center has a proven track record, having previously supported over 150 companies and generating an economic output exceeding $4.1 billion.
Governor Henry McMaster’s office announced this development, emphasizing its importance to the region’s economic health. The establishment of Xoted Biotechnology Labs is seen as a pivotal move towards enhancing the local economy through job creation, educational partnerships, and innovative product development.
Overall, Xoted Biotechnology Labs is poised to play a critical role in advancing biotechnology in Spartanburg County, providing new opportunities for employment and education while contributing to the state’s economic growth and diversification efforts.
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Additional Resources
- Greenville Business Magazine
- Wikipedia: Biotechnology
- Upstate Business Journal
- Google Search: Xoted Biotechnology Labs Spartanburg County
- Fox Carolina
- Encyclopedia Britannica: South Carolina
- Post and Courier
- Google News: Xoted Biotechnology Labs
