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The Economic Impact of the South Carolina Sea Grant Consortium : A State-Level and Regional Perspective
Von Nessen, Joseph C. ; Darla Moore School of Business. Division of Research ; South Carolina Sea Grant Consortium
Von Nessen, Joseph C.
Darla Moore School of Business. Division of Research
South Carolina Sea Grant Consortium
Abstract
The purpose of this study is to quantify the total economic impact of the SCSGC on the state of South Carolina, as well as on the surrounding southeastern region. The economic impact of the SCSGC can be measured in three specific ways: 1) through the creation of new jobs, income, and overall economic activity that the SCSGC facilitates through the acquisition of federal funding; 2) through the creation and management of volunteer services that would otherwise have to be paid for by or within the state of South Carolina; and 3) through the support and development of educational opportunities and workforce training programs that lead to higher levels of employment and income for both current professionals and recent graduates. The remainder of this report is organized as follows: Section II describes the growth South Carolina has experienced over the past decade and the integral part its coastal resources have played in this expansion; Section III outlines the methodology that underlies this economic impact analysis, including a description of direct, indirect, and induced impacts that constitute the economic multiplier effect; Section IV highlights the main findings of this study; Section V then offers a brief conclusion.
Issue Date
2024-02
Keywords
South Carolina Sea Grant Consortium--Economic aspects, Economic impact analysis--South Carolina
Type
Document
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are made accessible through the South Carolina State Library Depository and are protected under U.S. Copyright law (Title 17, U.S.C.) and South Carolina state law (Title 30 and 60, S.C.C.L.). Distribution rights are determined by the agency or author and users should contact the aforementioned for more information.
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