Gov. McMaster touts SC s manufacturing success as Biden visits electric busmaker Maayan Schechter, The State (Columbia, S.C.)
Apr. 20 COLUMBIA, S.C. Gov. Henry McMaster and other state leaders on Tuesday celebrated the success of South Carolina s manufacturing industry, which has so far been able to weather the economic weight of the COVID-19 pandemic over the past year.
A new study released Tuesday from nonprofit S.C. Future Makers and the South Carolina Manufacturers Alliance said the current economic impact of the industry on the state is $206 billion a year, representing about 703,000 direct and indirect jobs. Tax revenue from manufacturing accounts for about 38% of the state s annual general fund budget, the report said.
S.C. Manufacturers Alliance President and CEO Sara Hazzard said the manufacturing industry has been a driving force in the Palmetto State’s economy for the last century.
“The value and promise that American manufacturing provides is South Carolina s story,” she said. “Ours is an industry that offers great careers, drives innovation, transforms communities for the better and creates lasting impacts that benefit all South Carolinians.”
The state’s sector in particular has expanded globally over the last 30 years into a more competitive, export-oriented industry and it stands out as one of the highest contributors to both GDP and employment in South Carolina, the release said.
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