News Summary
The recent South Carolina Economic Developers’ Association Annual Conference showcased the state’s economic growth, driven by significant investments and collaboration among leaders. With a GDP nearing $350 billion and a commendable ‘B+’ grade from economists, South Carolina is positioning itself for future success. Key discussions highlighted ongoing challenges, including international trade tensions affecting the automotive sector. The conference celebrated local achievements in economic development and emphasized the state’s transition towards becoming a commercial hub, fostering year-round employment opportunities.
South Carolina is positioning itself as an economic powerhouse following the recent South Carolina Economic Developers’ Association (SCEDA) Annual Conference, held from May 14-16, 2025, in Myrtle Beach. The conference brought together economic developers, business leaders, and policymakers to acknowledge significant achievements and explore strategies for future growth.
The state’s economy has shown remarkable resilience, achieving a “B+” grade from economists at the University of South Carolina’s Darla Moore School of Business. South Carolina’s gross domestic product (GDP) reached nearly $350 billion in 2024, reflecting a substantial 6.9% increase from the previous year. This economic growth is largely driven by major investments and the collaboration among key leaders in the region.
During the conference, South Carolina Department of Commerce Secretary Harry Lightsey highlighted critical investments contributing to the state’s ongoing economic momentum. One significant advancement is the introduction of VisionSC, an interactive digital twin tool that enables remote users to virtually tour potential investment sites.
The keynote address by Dr. Laurie G. Hillstock from Hillstock Consulting focused on leveraging generational shifts to spur economic growth. A panel discussion moderated by Sam Moses featured insights from representatives of the Department of Commerce Global Office, who provided information on current market opportunities available within the state.
In an interactive session, participants compared economic development incentives across neighboring states, showcasing contributions from speakers representing Maynard Nexsen, McGuire Woods Consulting, and Elliott Davis. While the conference emphasized South Carolina’s strengths, attendees also recognized challenges linked to political dynamics and international trade tensions that are impacting key industries, notably the automotive sector.
Concerns surrounding potential tariffs and trade disputes have been raised, particularly about their effects on companies like BMW, Volvo, Mercedes, and Scout Motors, which rely on imported parts for their operations. The discussions at the conference underscored the critical need for strategic solutions to navigate these challenges while minimizing risks to the economic landscape.
The celebration of economic successes continued with the presentation of awards to influential local leaders. C. Gregory “Gregg” Robinson from Florence County was honored as the SCEDA Local Economic Developer of the Year for facilitating over $6 billion in new capital investments and creating more than 5,500 jobs. Will Johnson received the SCEDA Ally Award for advocating for economic opportunities and supporting over $10 billion in domestic and foreign investments in the region.
The Myrtle Beach area is undergoing significant transformation with the arrival of major corporations such as Amazon and Pepsi Bottling Ventures. Amazon established a 165,000-square-foot Same-Day Delivery facility in North Myrtle Beach in late 2024, enhancing delivery capabilities and generating job opportunities. Similarly, Pepsi Bottling Ventures relocated to a new 164,850-square-foot distribution center in North Myrtle Beach, retaining over 140 existing jobs and adding 27 new positions through a $15 million investment.
The strategic location of the Palmetto Coast Industrial Park is essential for companies seeking access to major transportation corridors. This industrial park not only hosts Amazon and Pepsi but also has plans to welcome additional businesses. The developments in Myrtle Beach signify a notable shift from being a seasonal tourist destination to evolving into a hub for commerce and industry. This transition is expected to drive further economic growth and provide year-round employment opportunities for the local population.
This year’s SCEDA conference highlighted the collaborative efforts fueling South Carolina’s economic trajectory while addressing both challenges and opportunities. The state is poised to continue its growth amidst evolving economic landscapes.
Deeper Dive: News & Info About This Topic
- WPDE News
- Wikipedia: Economic Development
- Ground Break Carolina
- Google Search: South Carolina Economic Development
- Greenville Business Magazine
- Google Scholar: South Carolina Economic Growth
- Myrtle Beach Online
- Encyclopedia Britannica: Economy
- WMBF News
- Google News: Amazon Facility North Myrtle Beach
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