According to a recent report conducted by Joseph Von Nessen, a research economist and professor at the University of South Carolina Darla Moore School of Business, having a world-class port creates an approximately US$87 billion statewide impact on South Carolina each year.
"Port operations attract port-dependent businesses to locate or expand throughout the state, generating billions in economic impact and supporting thousands of jobs for South Carolinians. Our state’s economic success is directly linked to SC Ports’ continued growth," stated Von Nessen.
According to the 2023 SC Ports Economic Impact Study, SC Ports supports 1 in 9 jobs in South Carolina in addition to being an economic engine for the state.
This amounts to 260,000 employees in South Carolina related to port operations and port users, either directly or indirectly. This includes employment directly related to the port as well as positions at port-dependent businesses around the state, ranging from advanced industries to mega-retailers, as well as small and large organizations.
"Having a top 10 US container port in South Carolina makes a big economic impact across the state. SC Ports is proud to play a role in supporting South Carolina’s economy and creating generational opportunities for South Carolinians," said Barbara Melvin, SC Ports President and CEO.
Furthermore, SC Ports promotes economic growth and high-wage jobs in South Carolina by assisting thousands of port-dependent companies throughout the state.
Data demonstrate that port operations and related activities create US$17.6 billion in labour income for South Carolinians that would not otherwise exist. This corresponds to an average yearly salary of roughly US$68,000 for all employment supported – directly or indirectly – by SC Ports, which is approximately 23% more than South Carolina's average labour income.
"When new jobs are created, this economic impact can be felt in our communities as people buy homes, spend at local stores and build strong foundations for their families. When we invest in port infrastructure, we invest in South Carolina," further added Barbara Melvin.
