Latest News

South Carolina ranks 30th in annual tax climate ranking

South Carolina finished 30th in a new study by the Tax Foundation showing which states are best at structuring their tax systems

College football coach is highest-paid public employee in South Carolina

Dabo Swinney, head football coach at Clemson University, earned $6.5 million in 2018, making Swinney the highest-paid public employee in South Carolina last year, according to a ranking by the website GOBankingRates.

Charleston's boom feeling an aftershock from traffic congestion, housing shortage

Exponential growth in the technology, hospitality and tourism sectors, as well as thousands of jobs associated with the Port of Charleston, are all touted as examples of an economic boom for Greater Charleston, but a lack of affordable housing and increasing commuter congestion may soon outweigh all the benefits if not immediately addressed.

Funding for arts agencies in South Carolina to reach $11.3 million in FY2020

Legislative appropriations for South Carolina arts agencies are projected to reach $11.3 million for fiscal year 2020, which equates to $2.23 per capita in the state, according to a report from the National Assembly of State Arts Agencies (NASAA).

Charleston's single-use plastics ban takes effect Jan. 1

New Year's Day marks the start of Charleston's ban on single-use plastics including merchandise and carryout bags.

South Carolina levies a total tax on lodging of 7%

Hotel room bills in South Carolina tack on a total state lodging tax of 7 percent, the 14th highest lodging tax rate in the nation, according to a study by the National Conference of State Legislatures (NCSL).

No counties in South Carolina are now 2nd Amendment sanctuaries

No counties in the state are now under a Second Amendment sanctuary law or ordinance, according to updates from the website and media reports.

3,145 borrowers in South Carolina filed for student loan forgiveness in 2nd quarter

Borrowers in South Carolina who sought forgiveness of their student loans in the second quarter of 2019 numbered 3,145, according to a new state-by-state analysis by the U.S. Department of Education.

$217.9 million in federal research dollars flowed to South Carolina in FY 2018

Federal agency research dollars going to South Carolina totaled $217.9 million in fiscal year 2018, according to a new analysis by the Research!America alliance.

More affordable housing coming to Charleston in 2020

The situation for Charleston residents in need of affordable housing is looking better – a lot better, according to one local government agency.

South Carolina received nearly $2.6 million in public broadcasting funds last year

The Corporation for Public Broadcasting allocated $2,561,226 in fiscal-year 2018 to support public television and radio in South Carolina, the 37th highest amount among the 50 states and the District of Columbia, CPB reported.

OPINION: Illicit Cash Act Needed to Stop Chinese Shell Companies

These days, the U.S. is facing a greater range of threats than any point since the end of the Cold War. There are numerous foreign dictatorships, kleptocracies, and regimes that are trying to undermine our economy, democracy, and national security.

Cunningham won't define position on upcoming impeachment vote

Rep. Joe Cunningham (D-South Carolina) did not respond to requests for comment from the Palmetto Business Daily regarding the upcoming vote by the U.S. House of Representatives on articles of impeachment against President Donald Trump.

Oyster farmers bristle at senators' push for more regulation

Two South Carolina State Senators say the Palmetto State is not doing enough to regulate oyster farming in publicly owned waterways.

South Carolina 2-year college students pay $5,640 in tuition and fees

South Carolina two-year colleges charged students $5,640 in tuition and fees during the 2018-19 academic year, the fifth highest cost among 49 states examined, the College Board said in a new report.

7 U.S. House members from South Carolina make $174,000 annually

Each of the seven U.S. House of Representatives members representing South Carolina draws an annual salary of $174,000, according to the Congressional Research Service.

South Carolina 4-year university tuitions jumped 45.8% over 15 years

South Carolina four-year public university tuition and fees went from $8,956 in 2004-05 to $13,057 in 2019-20, the 34th largest increase among the 50 states and the District of Columbia, the College Board said in a new report.

Metro Business Network