David Tsu, Au’Some CEO, Named Ambassador for Economic Development
April 18, 2012
Gov. Nikki Haley and the South Carolina Department of Commerce honored selected economic development leaders as South Carolina Ambassadors for Economic Development as part of Industry Appreciation Week. The awards ceremony recognized 51 individuals from all 46 counties who contributed to economic development in their local communities.
Sumter County’s Ambassador for Economic Development is David Tsu, president and CEO of Au’Some, LLC. Last year Au’Some invested more than $6 million in opening a manufacturing facility in Sumter, which will eventually employ more than 150 people.
“I am naturally honored,” said Tsu. “We are calling Sumter home. We are proceeding with our second stage of expansion.”
Sumter Economic Development President and CEO Jay Schwedler said this year’s ambassador choice was an easy one.
“The honor is ours,” Schwedler said. “We’re honored that Mr. Tsu and his partners believe in our community, and chose to invest in Sumter. The opportunity for partnerships exists in every corner of our industrial community and Mr. Tsu and the team at Au’Some have decided that by being ambassadors of our efforts, we all have something to gain. And we have gained greatly by adding his team to ours.”
Tsu was honored at an awards ceremony on April 17 at the Statehouse in Columbia. Industry Appreciation Week provides an opportunity to say “thank you” to companies in the state for their many contributions to our communities, as well as a chance to build awareness among the residents of South Carolina that existing business is a fundamental driver of both the local and state economy.
“We are bringing investments and new jobs every day,” said Gov. Nikki Haley. “In South Carolina, we build things. We’re building planes. We’re building automobiles. We’re building tires. We’re bringing in companies we never imagined we’d bring. Recruiting companies is a team effort and our team efforts are only going to continue to get stronger.”
In most communities across the state, small businesses continue to play an important role in job creation. Small businesses employ 750,147 South Carolinians, or about 49 percent of all people employed by private industry in the state. Small businesses also make up a large proportion of the manufacturers in the state. More than 3,200 manufacturers are considered small businesses, which represent more than 88 percent of all manufacturers in the state, and those firms employ 70,000 state residents.
House Speaker Bobby Harrell said in a statement, “Economic Development starts first and foremost on the ground level. Today, we recognized some outstanding Palmetto State business leaders as Ambassadors for Economic Development because of their hard work to advance the unified economic goals we share for South Carolina. The most valuable economic development resources our state has are those businesses that operate and succeed in the private sector every day.”
More than 220,000 South Carolinians are employed in the manufacturing sector, more than 12 percent of the state’s employed workforce. Manufacturing accounts for more than $26 billion in goods and services produced in the Palmetto State, which is 16.4 percent of South Carolina’s gross domestic product.
“Thanks to the hard work of our economic development community, South Carolina enjoyed numerous investments from world-class companies. With help from business and economic development leaders, our economic development team recruited more than $5.12 billion in capital investments and 20,013 jobs to our state last year. It’s the efforts of our business and industry that allow us to do that,” said Secretary of Commerce Bobby Hitt.
During the past year, South Carolina also continued to add to its list of marquee companies with expansions and investments from companies such as Bridgestone, Continental Tire, Michelin, Nephron Pharmaceuticals, TD Bank, ZF Group and many more.
The ambassador awards presentation is one of many events that will occur across the state as part of Industry Appreciation Week. Local communities will also host a variety of activities to recognize and thank business and industry leaders.