Our Focus on the Global Market pays Huge Dividends at Home
SCTAC has had a tremendous economic impact on the state of South Carolina. A 2010 report estimates that SCTAC has contributed $1.4 billion to the local and state economy.
Direct Effects (direct impact associated with on-property employers/businesses)
The direct effect of SCTAC companies on the local and state economies in 2010 totaled 3,300+ employees, a payroll of $218.8 million, and $928.9 million 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 2010 totaled 1,500+ employees, payroll of $73.3 million, and $251.7 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 2010 totaled 1,950+ employees, payroll of $67.6 million, and $219.6 million in economic output.
Direct Effect
|
$928.8 Million
|
| Indirect Effect |
$251.7 Million
|
| Induced Effect |
$219.6 Million |
Total Economic Impact
|
$1.4 Billion
|
To learn more about SCTAC’s impact on state and local economies click here.