Latest News

WIC participation in South Carolina drops 26.2% over 5 years

The number of South Carolina residents taking part in the federal nutrition program for Women, Infants and Children (WIC) declined 26.2 percent from fiscal years 2015 to 2019, the U.S. Food and Nutrition Service reported.

Highest income earners in South Carolina taxed at 6.8% rate

The top 1 percent of earners in South Carolina are taxed at an effective rate of 6.8 percent, compared to the state’s 8.1 percent tax rate on the middle 20 percent of income earners, according to a new 24/7 Wall St. analysis.

Charlotte has surplus funds equaling $3,400 per taxpayer

Among the 75 most populous cities in the U.S., Charlotte ranks third for the state of its finances, having $3,400 in surplus funds per taxpayer, according to a Truth in Accounting (TIA) analysis of municipal data released last month.

Charleston leaders gathering public input on affordable housing

The city of Charleston aims to gather and refer to public comments during today’s series of meetings on affordable housing to update a five-year plan for future federal funding use.

Outbound cigarette smuggling rate in South Carolina estimated at 1.4%

The outflow of smuggled cigarettes in South Carolina is 1.4 percent, according to a new study from the Tax Foundation that examines the relationship between cigarette taxes and smuggling.

South Carolina ranks 29th best in new economic outlook analysis

South Carolina finished 29th in a study by the website Rich States, Poor States that examined the 50 states’ economic outlooks based on 15 weighted policy measures.

South Carolina ranks 4th best on corporate tax study

South Carolina finished fourth in a study by the Tax Foundation examining how well states have structured their corporate income tax systems in 2020.

South Carolina not among the 36 states with major tax changes in 2020

South Carolina was not included in a new analysis from the Tax Foundation identifying 36 states that have major changes to their tax codes taking effect this year.

South Carolina job growth this year projected at 0.9%

Job growth in South Carolina is expected to reach 0.9 percent by the end of 2020, down from the jurisdiction’s 2019 job growth of 1.5 percent, according to a new study by Kiplinger that assessed state economic outlooks.

South Carolina has adequate funds to weather moderate recession

South Carolina would have adequate revenues to manage a moderate economic downturn without raising taxes or cutting services, according to a new analysis from Moody’s Analytics.

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.

Metro Business Network