South Carolina Ports' cargo movement generates US$22.3B economic impact in Midlands region annually, representing a quarter of port's US$87B economic impact across state; port's operations support 260,000 jobs in South Carolina

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CHARLESTON, South Carolina , January 12, 2024 (press release) –

By efficiently moving cargo for port-dependent businesses, South Carolina Ports makes a $22.3 billion economic impact in the Midlands region each year.

This is a quarter of SC Ports’ $87 billion annual economic impact across the state, according to a recent study by research economist and University of South Carolina professor Dr. Joseph Von Nessen. New data show a 43% increase in economic impact in the Midlands since the previous study was performed in 2019.

“These numbers show that SC Ports’ value to South Carolina extends well beyond the Port of Charleston,” SC Ports President and CEO Barbara Melvin said. “In the Midlands, we’re supporting advanced manufacturers, healthcare companies, retailers and paper producers, moving goods for large companies and small businesses alike. These relationships with our customers provide a proven economic benefit to Midlands residents.”

By keeping freight moving for SC companies, SC Ports directly and indirectly supports more than 67,000 jobs in the Midlands, with labor income totaling $4.5 billion.

“SC Ports is a tremendous asset to South Carolina,” SC Ports Board Chairman Bill Stern said. “A well-run port system brings world-class businesses to the state, which in turn means good-paying jobs and opportunities right here in the Midlands. SC Ports is proud to be a true economic engine for our state’s residents.”

Looking at South Carolina overall, port operations support 260,000 jobs, meaning 1 in 9 jobs in South Carolina are tied directly or indirectly to SC Ports.

“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,” Von Nessen said. “Our state’s economic success is directly linked to SC Ports’ continued growth.”

Read the full report here.

About South Carolina Ports

South Carolina Ports owns and operates marine terminals at the Port of Charleston and two rail-served inland ports in Greer and Dillon. As the 8th largest U.S. container port, SC Ports connects port-dependent businesses throughout the Southeast and beyond to global markets. SC Ports proactively invests in infrastructure ahead of demand to provide reliable service, efficient operations, cargo capacity, an expansive rail network and the deepest harbor on the East Coast at 52 feet. SC Ports is a vital economic engine for South Carolina, with port operations supporting 1 in 9 jobs statewide. Learn more: scspa.com.

 

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