Lofton resigns from Regional Economic Development Corp.

Brad Lofton in February of 2014

The President and CEO of the Myrtle Beach Regional Economic Development Corporation has resigned.

Brad Lofton had been the President and CEO since April 2011 and submitted a letter of resignation Tuesday afternoon, according to a news release from the MBREDC.

"For the past three years and four months, I have enjoyed every single second of working with the EDC board and staff, elected officials, private sector supporters and stakeholders," said Lofton in the release. "Together, we have accomplished some great things and added to the diversity of the Horry County economy. This move will allow my wife, two kids and I the opportunity to get closer to our families and help provide immediate care for aging parents that are currently experiencing medical issues in Georgia."

During Lofton's time with the MCREDC, Horry County announced over 1,500 new jobs with three corporate headquarter locations. Large job creation announcements included BauschLinnemann, NA, Accent Stainless Steel, PTR Industries, and StarTek, the release said.

The EDC has also seen a surge of over 500 percent in private sector membership, according to the release.

"Brad has done an outstanding job leading the MBREDC. He has placed Horry County on the map in terms of industrial recruitment. We continue to have companies visiting our sites that would not have considered the Myrtle Beach area just a few years ago," said Fred Richardson, MBREDC Chairman. "Although we regret Brad's decision to leave the EDC, we wish him and his family the very best."

The EDC Executive Committee will begin putting together a strategy to recruit the next President and CEO, the release said.