With 30 years in the industry

Mortgage Broker in Florence, SC

Ask us Anything843-478-5612

Book an Appointment

Classic Home Mortgage Providing Trustworthy Mortgage Guidance for Over 30 Years

Buying a home is one of the most significant investments that you will ever make. Like most good things, finding the perfect home comes with a lot of work. From your initial search online to your home tour and finally closing, there are many difficult decisions to make along the way. The bottom line is that the entire home buying process can be very stressful, especially when it comes to finding the right mortgage broker and loan for your new home. Since market conditions and mortgage programs change frequently, you have a lot riding on your broker's ability to provide quick and accurate financial advice. Whether you're a first-time homebuyer or own several residential properties, you need a mortgage broker in Florence, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Florence's most trusted mortgage loan officer with more than 30 years in the mortgage industry. I bring unparalleled insight and decades of experience into your home loan process. If you're looking for a new home loan, are interested in refinancing your current mortgage, or need information regarding FHA, VA, or other types of loans, Dan Crance is Your Mortgage Man.

Unlike some mortgage loan officers in Florence, my primary goal is to help you make the right mortgage choice for you and your family. Mortgage lenders have a horrible reputation for turning over clients quickly to expedite cash flow and make the most money possible. While some mortgage brokers come off as pushy and impatient, I encourage my clients to take as much time as they need to ask questions and review their mortgage agreements. I'm here to help answer those questions and provide you with easy-to-understand advice so that you can rest easy knowing you made the right choice. I could say that I strive to provide service that exceeds your expectations, but I'd rather show you. In the end, I want you to leave feeling confident in the loan you've selected, as well as in your choice of broker.

Service Areas
Mortgage Broker Florence, SC
 Refinance Florence, SC

Why Choose Dan Crance As Your Mortgage Lender in Florence, SC?

Clients choose my mortgage company because I truly care about helping them navigate the often-confusing landscape of the mortgage process. I am fiercely dedicated to my clients and make every effort to provide them with trustworthy advice and an open line of communication.

In my business, I work for two different customers. On one hand, I have the buyer: the person entrusting me with the responsibility of guiding them through one of the most important decisions ever. Serving homebuyers is not a task that I take lightly. I work with them daily to help them through the process and provide timely updates and news on their mortgage status. On the other hand, I have the realtor: the person who works with my client to find their dream home. Since their commission is in my hands, working with realtors is also a very important task. I update these agents on the status of their customers weekly. Only when I take care of both parties can I say my job as a mortgage loan officer is complete.

As a mortgage broker with more than 30 years of experience, I pledge to give you the highest level of customer service while providing you with the most competitive loan products available. That way, you can buy the home of your dreams without second-guessing your decision.

 Conventional Mortgage Florence, SC

Home Financing in Florence, SC

At Classic Home Mortgage, our team works diligently to close on time without stress or hassle. Whether you're a seasoned homeowner or are buying your new home in Florence, we understand how much stress is involved. Our goal is to help take that stress off of your plate by walking you through every step of the home loan process. Because every one of our clients is different, we examine each loan with fresh eyes and a personalized approach, to find you the options and programs you need.

With over 30 years as a mortgage professional in Florence, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Florence, SC

When you work with Classic Home Mortgage, you can always count on our team to:

  • Put your needs first.
  • Work efficiently and quickly. Many of our home loans close in 30 days or less.
  • Offer you a variety of home loans to choose from, and help you make an informed decision.
  • Provide you with competitive rates that make sense for your budget and lifestyle.

While no two loan terms are the same, a few of the most common loan types include:

30-Year Loan - This loan is often considered the most secure option to choose. With a 30-year loan, you can lock in a low payment amount and rest easy knowing your rate won't change.

FHA Loan - If you're not able to make a large down payment, an FHA loan could be the right choice for you. With an FHA loan, many of our clients have successfully purchased a home with less than 4% down.

VA Loan - This loan is reserved for military veterans and active-duty men and women. Those who qualify may be able to purchase a home with no down payment and no Private Mortgage Insurance (PMI).

Choosing a home loan is an important step in the home buying process. At Classic Home Mortgage, we are here to make choosing a loan as easy as possible, so you can focus on the joys of being a homeowner. Contact our team of experts today and ask how you can get pre-qualified for your home loan in Florence, SC.

Refinancing in
Florence, SC

Because home mortgage rates in the U.S. have been so low over the last year, many current homeowners are opting to refinance their home loans. Simply put, refinancing is replacing your existing mortgage with a different mortgage under new terms. Homeowners who refinance their homes enjoy lower interest rates, lower monthly payments, and even turn their home's equity into cash. If you're interested in refinancing your home, it all begins with a call to your mortgage broker in Florence, SC - Dan Crance.

Here are just a few reasons why more homeowners in the U.S. are taking advantage of lower rates and refinancing their homes:
 Home Ready Mortgages Florence, SC
Shorter Term Loan

Shorter Term Loan

Refinancing from a 30-year to a 15-year mortgage might seem counterproductive on the surface because your monthly payment usually goes up. However, interest rates on 15-year mortgages are lower. And when you shave off years of your previous mortgage, you will pay less interest over time. These savings can be very beneficial if you are not taking the mortgage interest deduction on your tax returns.

Do Away with FHA

Do Away with FHA

FHA loans are notorious for paying premiums for the life of the loan. Mortgage insurance premiums for FHA loans can cost borrowers as much as $1,050 a year for every $100k borrowed. The only way to get rid of mortgage insurance premiums is to refinance to a new loan that the Federal Housing Authority does not back.

Switch to Fixed Rate or Adjustable-Rate Home Loan

Switch to Fixed Rate or Adjustable-Rate Home Loan

Sometimes, borrowers with adjustable-rate mortgages refinance so they can switch to a fixed rate, which lets them lock in an interest rate. Doing so is beneficial for some homeowners who like to know exactly how much their monthly payment is each month. Conversely, some homeowners with fixed rates prefer to refinance to an adjustable-rate mortgage. Homeowners often go this route if they plan on selling in a few years and don't mind risking a higher rate if their plans fall through.

 Mortgage Banker Florence, SC

Common Questions About Home Loans

Finding the right loan can be a difficult proposition, even if you have been through the process before. This is especially true since mortgage rates and market conditions change frequently. If you're like most of my clients, you probably have questions about interest rates, refinancing options, and a litany of other topics. To help alleviate some of your stress, here are just a few common questions with answers so that you can better educate yourself as we work our way to securing your loan.

Generally speaking, you should consider refinancing when mortgage rates are 2% lower than the current rate on your home loan. For some homeowners, refinancing makes sense when there is only a 1% difference. Reducing your mortgage rate is a great way to save money or apply your savings to a home upgrade. The money you save on your refinanced loan depends on your loan amount, budget, income, and charges from interest rates. It's crucial that you work with a trusted mortgage loan officer in Florence, SC, to help calculate your refinancing options.
This is one of our most frequently asked questions at Classic Home Mortgage. In simple terms, points let you make a tradeoff between the upfront costs of your loan and your monthly payment amount. Points are essentially costs that you have to pay to your mortgage lender to get financing under specific terms. A point is defined as a percentage on your loan amount. 1-point is equal to 1% of the loan. So, 1 point on a loan worth $100,000 is equivalent to $1,000. When you pay some of the interest on your home loan upfront, you use discount points to lower your interest rate.
If you plan to live in the property for a few years, it makes a lot of sense to pay points to lower your interest rate. Doing so will help lower your monthly loan payment, which you can use to save money. Paying points may also increase the amount of money that you can borrow. If you do not plan on living in the property for at least a few years, this strategy might not make financial sense because you might not be able to make up the amount of the discount points you paid up-front.
In short, yes, your mortgage lender will need to know your credit score. Credit scoring is a system that creditors use to decide whether they will give you credit. Your credit score helps creditors decide how creditworthy you are or how likely you will repay your loan. In most circumstances, creditors will use your FICO scores during the loan process. Your score will fall between high risk (350) and low risk (850). Your credit score plays a big role in the loan process, and as such, your score must be accurate before submitting a credit report when applying for a loan.
The answer to this question depends on how money you choose to put as a down payment on your home. On a conventional loan, if your down payment is less than 20% of the price of your home, your mortgage broker in Florence may require you to get Private Mortgage Insurance or PMI for short. This insurance protects your lender in the event you default on your mortgage. The best way to avoid paying for this insurance is to make a down payment of 20% or more of the purchase price of your home.
 Mortgage Company Florence, SC

Trust Dan Crance

Your Mortgage Lender in Florence, SC

Whether you're selling, buying, refinancing, or building the home of your dreams, you have a lot riding on your home loan specialist. When you need a mortgage broker who works tirelessly for you, answers your questions, provides guidance, and does so with a genuine smile, Dan Crance is your mortgage man. Contact Dan today at 843-478-5612 to get pre-approved and discover why Florence loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Florence, SC

Food Lion to open in Florence Mall in 2024

FLORENCE — Food Lion plans to open a store in Florence Mall in 2024, Food Lion Public Relations team member Katherine Kirby said in an email.Piggly Wiggly closed its Florence Mall store on May 21, 2022. Piggly Wiggly had been an anchor store at Florence Mall for more than 50 years.Florence Mall’s landlord exercised their option to end the Piggly Wiggly’s lease to put a larger grocery store chain into the location. Food Lion is the larger chain.Renovation of the Florence Mall locations should begin soon....

FLORENCE — Food Lion plans to open a store in Florence Mall in 2024, Food Lion Public Relations team member Katherine Kirby said in an email.

Piggly Wiggly closed its Florence Mall store on May 21, 2022. Piggly Wiggly had been an anchor store at Florence Mall for more than 50 years.

Florence Mall’s landlord exercised their option to end the Piggly Wiggly’s lease to put a larger grocery store chain into the location. Food Lion is the larger chain.

Renovation of the Florence Mall locations should begin soon.

Piggly Wiggly continues to have a presence in Florence with its Cherokee Road location.

Dr. Sasankoti Mohan Ravi Prakash is a new dentist at HopeHealth Medical Plaza in Florence.

Prakash earned his doctor of medicine degree in dentistry in 2022 from the Southern Illinois University School of Dentistry. He received his bachelor’s degree in dental surgery from SDM College of Dental Sciences and Hospital in India in 1999, and has master’s degree in dental surgery in oral medicine and radiology from KLE Dental College in India in 2002.

Prakash also is an independent researcher, who has more than 100 published scientific papers in peer-reviewed indexed journals. He also is an editorial board member for various journals.

His research was recognized as the best original research by the Indian Academy of Oral Medicine and Radiology in 2018 and was conferred the Dr. A.K. Bhoweer award. He is a member of the American Dental Association and Indian Academy of Oral Medicine and Radiology.

With more than 18 years of clinical, academic and research experience, Prakash is committed to providing quality dental care to adults and children. He has extensive knowledge and experience in providing dental care for individuals with complex systemic medical conditions, potentially malignant lesions and oro-facial pain management.

Biscuitville to open in Hartsville on July 18

FLORENCE — MUSC Health Florence Medical Center will be home to eight Internal Medicine residents starting in July.

MUSC also is planning for eight Family Medicine residents to start in 2025. Additionally, it is considering a rural track for Obstetricians/Gynecologists and Emergency Medicine programs.

The Medical University of South Carolina will establish a new Graduate Medical Education program through its Regional Health Network, which includes hospitals across the state. Medical school graduates may also be able to complete residency training at MUSC Health medical centers in Chester, Kershaw and Lancaster.

The program will start in Florence to combat the loss of medical students forced to leave South Carolina to find residencies and a lack of physicians in the Pee Dee and other rural areas.

Dr. Tsveti Markova, MUSC’s chief academic integration officer, said she is excited about the program in Florence.

“The educational opportunity is the best of both worlds,” she said. “Florence is a small community with a very intimate, individualized environment, where the residents could pretty much participate in any teaching moment, from the clinic or emergency room to the Intensive Care and Operating Rooms. It’s very one-on-one with the faculty preceptors.”

McLeod Health Regional Medical Center, another Florence hospital, also offers residency programs. It has a Family Medicine residency, rural Family Medicine residency and a pharmacy practice residence.

MUSC Health’s rural hospitals lack residencies. So the U.S. Centers for Medicare & Medicaid Services will provide funding for the new program, which means they will have a sustainable future once they are established, Markova said.

The programs will improve the physician pipeline and the chances physicians trained in rural or underserved areas will remain there to practice as they become a part of those communities, Markova said.

Mayor Teresa Myers Ervin said the MUSC residency program will increase the number of doctors in the Pee Dee.

“With more resident physicians being able to reside in Florence, this will expand the potential for them to be lifelong citizens here,” Ervin said.

Medical school graduates need to complete graduate medical education programs or residencies to become licensed physicians, said Dr. Rami Zebian, chief medical officer of the MUSC Health-Pee Dee Division.

“The crux of the reason why we need GME is really to meet the needs of the community,” Zebian said. “South Carolina is one of the biggest exporters of medical students in the country.”

Many medical students graduate and have to go out of state for their residencies, Zebian said. Data shows many physicians often start their practices where they do their training.

The Florence Medical Center is large enough to support specialists and services but small enough that everyone knows each other by name.

Giving physicians the chance to learn in that kind of atmosphere is important.

“Our mission is to lead innovative GME programs where physicians in training develop clinical and professional competence to provide exceptional patient care in the communities they serve, with a special focus on rural and undeserved areas,” Markova said.

Track Covid-19 in Florence County, S.C.

Daily Covid-19 admissions in the Florence County areaAbout the dataData is from the Centers for Disease Control and Prevention. Hospitalization data is a daily average of Covid-19 patients in hospital service areas that intersect with Florence County, an area which may be larger than Florence County itself.The number of daily hospital admissions shows how many patients tested positive for Covid in hospitals and is one of the most reliably reported indicators of Covid’s impact on a comm...

Daily Covid-19 admissions in the Florence County area

About the data

Data is from the Centers for Disease Control and Prevention. Hospitalization data is a daily average of Covid-19 patients in hospital service areas that intersect with Florence County, an area which may be larger than Florence County itself.

The number of daily hospital admissions shows how many patients tested positive for Covid in hospitals and is one of the most reliably reported indicators of Covid’s impact on a community.

Total population

Ages 65 and up

Total population

Ages 65 and up

An updated vaccine is recommended for adults and most children. Statewide, 7% of vaccinations did not specify a home county.

Nearby hospitals

Share of I.C.U. beds occupied

About this data Source: Centers for Disease Control and Prevention. Notes: The hospitals map shows the average I.C.U. occupancy at nearby hospitals in the most recent week with data reported. The data is self-reported to the U.S. Department of Health and Human Services by individual hospitals. It excludes counts from hospitals operated by the U.S. Department of Veterans Affairs and the Indian Health Service. Numbers for hospitalized patients are based on inpatient beds and include I.C.U. beds. Hospitalized Covid-19 patients include both confirmed and suspected Covid-19 patients. The C.D.C. stopped reporting data on cases in May 2023.

How trends have changed in Florence County

About this data Source: Centers for Disease Control and Prevention. Notes: Weekly county death data prior to Jan. 2021 was not reported by the C.D.C. and is sourced from reporting by The New York Times. Hospitalization data is a weekly average of Covid-19 patients in hospital service areas that intersect with Florence County. Hospitalization numbers early in the pandemic are undercounts due to incomplete reporting by hospitals to the federal government.

Historical trends in Florence County

The data in these charts has been archived and they are no longer being updated.

Source: Centers for Disease Control and Prevention. The data in these charts has been archived and they are no longer being updated. Weekly county case data prior to Jan. 2021 was not reported by the C.D.C. and is sourced from reporting by The New York Times. The C.D.C. stopped reporting data on cases in May 2023. Test positivity data is based only on test results reported to the federal government and is a seven-day average.

Hurricane Idalia will bring 4-8 inches of rain, high winds to the Pee Dee

The following content is available to all readers as a part of our public service coverage of Idalia’s impact to South Carolina. We rely on the support of our subscribers to pay for important work like this. Please consider subscribing today.Updated at 11 a.m. Aug. 30.FLORENCE — Hurricane Idalia made landfall in the Big B...

The following content is available to all readers as a part of our public service coverage of Idalia’s impact to South Carolina. We rely on the support of our subscribers to pay for important work like this. Please consider subscribing today.

Updated at 11 a.m. Aug. 30.

FLORENCE — Hurricane Idalia made landfall in the Big Bend area of Florida just before 8 a.m. Aug. 30 as a category 3 hurricane. The hurricane’s outer bands have brought cloud cover to the Pee Dee. Rain is expected from 11 a.m. Aug. 30 through 3 p.m. Aug. 31.

Idalia’s track takes the the eye of the storm from Savannah, Georgia through the lower portion of South Carolina. If the path doesn’t change, the hurricane will cross from land into the Atlantic Ocean between Charleston and Georgetown in the afternoon of Aug. 31.

There is a possibility of tornadoes as the hurricane treks through South Carolina.

The National Weather Service in Wilmington, N.C. predicts rain and thunderstorm through the night Aug. 30 and into the afternoon Aug. 31.

Chesterfield, Marlboro and Dillon counties could experience 3 to 5 inches of rain Aug. 30-31. Clear skies will return by nightfall Aug. 31, according to the National Weather Service forecast.

Florence, Darlington, Marion and Lee counties will experience showers and thunderstorms through early afternoon Aug. 30. In the afternoon, thunderstorms and heavy rainfall are predicted. The heavy rain is expected to continue through the night of Aug. 30 and into the afternoon of Aug. 31.

Rainfall totals will range from 6 to 8 inches, according to the National Weather Service forecast. Areas that usually flood during heavy rains in the city of Florence and Florence County will likely flood again.

Idalia will bring heavy rain to Sumter, Williamsburg and Clarendon counties. The National Weather Service predicts between 5 and 8 inches of rain in those counties.

In Sumter County, the forecast calls for showers and storms starting in the late morning of Aug. 30 and continuing through the early morning on Aug. 31.

Kingstree in Williamsburg County also will experience between 5 and 8 inches of rain Aug. 30 and Aug. 31. The rain is likely to end before 8 a.m. Aug. 31.

Gov. Henry McMaster declared a state of emergency Aug. 29 for South Carolina in preparations for Idalia.

The governor urged residents to make preparations for Idalia and keep track of the hurricane’s path and the forecast.

If Idalia continues on its track end exits South Carolina between Charleston and Georgetown on Aug. 31, it’s impact on Florence County won’t be as severe if the hurricane returned to the ocean between Myrtle Beach and Georgetown.

“Hopefully if it does that, we won’t have as much of an impact if it were to just run straight up the southeast inland area,” Florence County Emergency Division Deputy Director Kristy Burch said. “So preparing for the worst, hoping for the best.”

River flooding is not a concern due to the water levels being low already, allowing them to absorb more water without flooding, Burch said.

A majority of the dams in Florence County are considered low-hazard. Burch said dams in the county haven’t failed before in the past. There are a couple, though, that could “cause a lot of inconvenience at best” if they failed.

She said she didn’t expect dams to be an issue.

Some areas in the city of Florence that see significant flooding when heavy rain comes are the Cheves and Palmetto Street underpasses. Burch advised residents to not drive through flood water.

“You’re not sure what’s under there,” Burch said. “While you think there’s a road there, it may not be.”

The Florence County Emergency Management Division said in a Facebook post to move to higher ground if a flash flood is possible and not to move through moving water.

Hurricane Wire

3 min to read

The South Carolina Department of Transportation has a live map of road conditions, such as closures or blockages, on this website.

Some key points to remember when preparing for a hurricane include:

Some key items to include in your supplies also include bottled water, non-perishable food, a weather radio, flashlight, batteries, chargers, toiletries, blankets or sleeping bags.

The South Carolina Emergency Management Division released an updated hurricane guide. You can see it here.

Florence County government is offering 10,000 sandbags to those who want them on a first-come-first serve basis at 1221 Justice Way in Effingham. The bags are empty and sand is available to fill them. Citizens will have to fill them on their own.

When taking shelter, people should stay as far away from windows as possible and as far inside a building as possible on the lowest floor.

Hurricane shelters in Florence County include Wilson High School, Hannah-Pamplico Elementary/Middle School, Lake City High, Timmonsville Education Center and South Florence High School.

Schools across the Pee Dee have also changed their schedule as Idalia approaches. Florence County School District 1, 2 and 3 plan to have a remote learning day Aug. 31.

The Sumter County School District on Aug. 31 will have an e-learning day for all students in the district. Schools and office buildings will be closed and all activities, including athletic events and field trips, will be canceled.

FLORENCE — MUSC Health Florence Medical Center will be home to eight Internal Medicine residents starting in July.

MUSC also is planning for eight Family Medicine residents to start in 2025. Additionally, it is considering a rural track for Obstetricians/Gynecologists and Emergency Medicine programs.

The Medical University of South Carolina will establish a new Graduate Medical Education program through its Regional Health Network, which includes hospitals across the state. Medical school graduates may also be able to complete residency training at MUSC Health medical centers in Chester, Kershaw and Lancaster.

The program will start in Florence to combat the loss of medical students forced to leave South Carolina to find residencies and a lack of physicians in the Pee Dee and other rural areas.

Dr. Tsveti Markova, MUSC’s chief academic integration officer, said she is excited about the program in Florence.

“The educational opportunity is the best of both worlds,” she said. “Florence is a small community with a very intimate, individualized environment, where the residents could pretty much participate in any teaching moment, from the clinic or emergency room to the Intensive Care and Operating Rooms. It’s very one-on-one with the faculty preceptors.”

McLeod Health Regional Medical Center, another Florence hospital, also offers residency programs. It has a Family Medicine residency, rural Family Medicine residency and a pharmacy practice residence.

MUSC Health’s rural hospitals lack residencies. So the U.S. Centers for Medicare & Medicaid Services will provide funding for the new program, which means they will have a sustainable future once they are established, Markova said.

The programs will improve the physician pipeline and the chances physicians trained in rural or underserved areas will remain there to practice as they become a part of those communities, Markova said.

Mayor Teresa Myers Ervin said the MUSC residency program will increase the number of doctors in the Pee Dee.

“With more resident physicians being able to reside in Florence, this will expand the potential for them to be lifelong citizens here,” Ervin said.

Medical school graduates need to complete graduate medical education programs or residencies to become licensed physicians, said Dr. Rami Zebian, chief medical officer of the MUSC Health-Pee Dee Division.

“The crux of the reason why we need GME is really to meet the needs of the community,” Zebian said. “South Carolina is one of the biggest exporters of medical students in the country.”

Many medical students graduate and have to go out of state for their residencies, Zebian said. Data shows many physicians often start their practices where they do their training.

The Florence Medical Center is large enough to support specialists and services but small enough that everyone knows each other by name.

Giving physicians the chance to learn in that kind of atmosphere is important.

“Our mission is to lead innovative GME programs where physicians in training develop clinical and professional competence to provide exceptional patient care in the communities they serve, with a special focus on rural and undeserved areas,” Markova said.

New EV battery plant bringing nearly 1,200 jobs to Florence County

FLORENCE, S.C. (WBTW) — Ground was broken Wednesday morning in Florence County for a new, state-of-the-art electric vehicle battery factory that is expected to create nearly 1,200 jobs.South Carolina Gov. Henry McMaster and other state and local leaders are attending the ceremony for the 1.5-million-square-foot plant, which is being built at the intersection of Estate Road and East Old Marion Highway across from Wilson High School.“Our future, our success depends on three main pillars of our success,” McMaster...

FLORENCE, S.C. (WBTW) — Ground was broken Wednesday morning in Florence County for a new, state-of-the-art electric vehicle battery factory that is expected to create nearly 1,200 jobs.

South Carolina Gov. Henry McMaster and other state and local leaders are attending the ceremony for the 1.5-million-square-foot plant, which is being built at the intersection of Estate Road and East Old Marion Highway across from Wilson High School.

“Our future, our success depends on three main pillars of our success,” McMaster said. “That’s an education strength, our economic strength and our environmental strength. And all three of those pillars are wrapped together like roots of a tree. If ones missing, the other two can’t hold it up.”

The plant, which is being built by AESC, a Japanese battery technology company, is expected to open in 2026 and created 1,170 jobs, officials said.

“Today, South Carolina is proud to celebrate AESC as the company embarks on a historic chapter in our state,” McMaster said. “Florence County has been ripe for an investment of this magnitude — one that will transform local communities and create generational wealth for South Carolinians. The groundbreaking for AESC’s battery cell gigafactory is a landmark moment in the evolution of South Carolina’s rapidly expanding electric vehicle industry.”

Jeff Deaton, AESC’s U.S. managing director, said the plant is another milestone for his company.

“AESC continues to be a global leader in developing next generation EV battery technology, and we’re proud to be further growing our capacity to build those products in U.S. facilities, accelerating the transition to clean energy transportation,” Deaton said.

Deaton also said the decision to invest in Florence County and in South Carolina was an easy one.

“SC is home to 500 automotive companies and is the number one exporter of passenger vehicles and also the number one producer of tires in the United States,” Deaton said. “So, our decision to invest in SC was an easy one.”

The plant will be a major boost for the region, Florence County Council Chairman Willard Dorriety said.

“AESC’s groundbreaking marks a historic day for Florence County and its residents, as it will bring an abundance of high paying jobs to our community,” he said. “We know AESC will be a vital and active partner in the County for decades to come.”

Florence Mayor Teresa Myers Ervin agreed.

“We are ecstatic about AESC’s decision to locate in Florence County and are honored to be celebrating this groundbreaking today alongside the community leaders whose collaboration made this project possible,” Myers Ervin said.

According to a news release, the 30 GWh battery plant builds on AESC’s existing battery manufacturing network that includes a plant in operation in Tennessee and another plant under construction in Kentucky.

“Collectively, AESC’s U.S. plants upon completion will provide up to 70 GWh capacity annually, powering the shift to electric vehicles with U.S.-made batteries and components,” the news release said.

The Florence location will support the company’s partnership with BMW Group, which was announced in October 2022. Under that agreement, AESC will provide battery cells for next- generation electric vehicles produced at BMW’s Spartanburg plant, the news release said.

* * *

Aundrea Gibbons joined the News13 team in May 2023 after graduating from Clemson University with bachelor’s degrees in philosophy and communication. Aundrea is a Marion native and graduated as salutatorian in 2019. Follow Aundrea on Twitter and read more of her work here.

* * *

Dennis Bright is a digital producer at News13. Dennis is a West Virginia native and graduate of Marshall University. He has won copyediting and journalism awards in West Virginia and Ohio. Follow Dennis on Twitter and read more of his work here.

Florence battery plant groundbreaking fuels hopes for growth, investment

FLORENCE – Hundreds filled the seats and crowded around the edges as Florence celebrated the groundbreaking of the $810 million battery plant brought to the county by the electric vehicle battery manufacturer AESC.It’s the biggest development in the area in recent memory.“We’ve made history,” said Mayor Teresa Myers Ervin, one of multiple local and state officials to speak at the ceremony. “But history is actually building the future, for everyone here, but also for the generations to come.&r...

FLORENCE – Hundreds filled the seats and crowded around the edges as Florence celebrated the groundbreaking of the $810 million battery plant brought to the county by the electric vehicle battery manufacturer AESC.

It’s the biggest development in the area in recent memory.

“We’ve made history,” said Mayor Teresa Myers Ervin, one of multiple local and state officials to speak at the ceremony. “But history is actually building the future, for everyone here, but also for the generations to come.”

Elected officials, industry representatives and curious residents mingled beneath a white tent marking the spot where the 1.5 million square-foot plant will stand one day. They were eager to promote their organizations or businesses and take advantage of the growth promised by the Japanese company.

Jeff McKay, the executive director of the North Eastern Strategic Alliance, which promotes economic development across the Pee Dee, said he thinks the factory will raise fortunes throughout the region.

Calling the plant “transformational,” he said the workers and investment it brings will pave the way for future development in Florence and the rest of the region, both in related industries that follow in AESC’s footsteps and in other industries that are simply taking advantage of the growth it promotes.

“Our hopes and thoughts are that this will be felt throughout the breadth of the Pee Dee,” he said.

The AESC electric vehicle battery plant will be located on 876 acres across from Wilson High School in north Florence. The factory, which will create more than a thousand new jobs, will serve BMW’s electric vehicle plant in Spartanburg.

While representatives from many of Florence’s largest industries were present, so were representatives from its smaller industries.

TownePlace Suites General Manager Jenine Shaffer and assistant general manager Heather Harrelson were among a handful of hospitality industry representatives who attended the event to make connections and promote their businesses.

Already, TownePlace Suites and its sister hotels have seen people affiliated with AESC become customers. With more than a thousand workers heading to Florence in the coming years, Shaffer and Harrelson said, they’re optimistic their hotel will see even more growth in the near future.

In Florence’s tight housing market, some people relocating to the area end up temporarily staying in a hotel before moving into a permanent residence.

“Our property has an advantage, because we’re extended stay, so if they’re relocating people, it’s a good place to go,” Shaffer said.

Robert Ware, a member of Pee Dee Regional Airport Authority Board of Directors, said he hopes AESC will bring more customers to the airport, especially after business tumbled during the COVID-19 pandemic. He was at the event to promote the Florence airport as a more convenient option compared to those in Columbia or Myrtle Beach.

“We’re a small airport, but we want to grow,” Ware said, adding “We’re about to find out if we’re ready for that.”

Harold Frasier lives just down the road from the AESC plant, on Tradd Court, in the same house he’s lived in since 1978. He said he plans to report back to his neighbors about the event.

Frasier had nothing but good things to say about the potential impact of the plant on the area. He hoped it would improve the economy and provide more opportunities for workers.

“We need more industry on this side of town,” he said.

Those hoping the AESC plant will raise their fortunes may have a little longer to wait, though. The plant is scheduled to be fully up and running by the end of 2025.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.