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USA Rare Earth to invest $1.2B and create 490 jobs in South Carolina, aided by Duke Energy's Site Readiness Program.

Market News
03 Jun 2026
PRNewsWire
View Source
Bullish
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USA Rare Earth announced a $1.2 billion investment and 490 new jobs at the Bailey Industrial Site in Cherokee County, South Carolina. This major development was facilitated by Duke Energy's Site Readiness Program, which prepared the site through due diligence, infrastructure planning, and marketing, making it competitive for large projects. The program has helped attract $3.5 billion in investments and over 5,200 jobs statewide since 2005. Duke Energy continues to support economic growth by preparing sites to attract transformative industrial projects, with additional sites in Anderson and Chesterfield counties also recently readied for development.

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