Following steady growth in the South Carolina economy over the past five years, the South Carolina Economic Developers’ Association (SCEDA) is working to help residents understand why continued economic development is so crucial to the state.
According to a press release, South Carolina recruited more than 15,000 jobs in 2013, representing a nine percent increase compared to the previous year. In addition, 127 projects were recruited in 2013 and 43 percent of these were considered new business.
“We expect to see similarly impressive numbers for 2014 as we look forward to another productive year in 2015,” Jeff Ruble, president of the SCEDA, said. “Because the results of this work are often seen months or years after companies announce their intent to expand or open the doors to their new facilities, it is sometimes challenging for South Carolina residents to understand why so much effort is targeted toward attracting new business to the state.”
According to Ruble, economic development impacts cities and towns throughout South Carolina in a variety of ways, including new jobs, as well as an increase in wealth and the local tax base, which benefit public services such as schools, local government and infrastructure. Other long-term impacts include a diversified economy on both state and local levels, as well as a more diverse pool of job opportunities, which attracts employees with unique skill sets and backgrounds.
For more information, visit www.sceda.org or call 803-929-0305.