SCTAC: Global reach drives local economy
Over the past decade, SCTAC has had a tremendous economic impact on the state of South Carolina. A 2013 report estimates that SCTAC has contributed $1.93 billion to the local and state economy - in 2013 alone. Here is a breakdown of SCTAC's impact on the economy.
Direct Effects (direct impact associated with on-property employers/businesses)
The direct effect of SCTAC companies on the local and state economies in 2013 totaled 4,100+ employees, a payroll of $277.7 million, and $1.3 billion in economic output.
Indirect Effects (economic impact tied to sales, income, and jobs in support-related industries)
The indirect effect of SCTAC companies on local and state economies in 2013 totaled 1,900+ employees, payroll of $104.4 million, and $333.4 million in economic output.
Induced (Multiplier) Effects (increased sales and jobs within a region due to income earned in direct and indirect industries)
The induced effect of SCTAC companies on local and state economies in 2013 totaled 2,400+ employees, payroll of $88.6 million, and $287.9 million in economic output.
| Direct Effect
|| $1.304 billion|
| Indirect Effect
|| $333.4 million|
| Induced Effect
|| $287.9 million|
|Total Economic Impact|| $1.93 billion|
To learn more about SCTAC's impact on state and local economies review the Economic Impact Analysis.