The economic impact of South Carolina 's automotive cluster
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Darla Moore School of Business. Division of Research
Woodward, Douglas P.
Von Nessen, Joseph C.
SubjectAutomobile industry and trade--Economic aspects--South Carolina; Economic impact analysis--South Carolina
This executive summary highlights the results of an in-depth, comprehensive economic study of South Carolina’s automotive and ground transportation cluster. The study shows that the auto cluster plays a unique role in economic development. Notably, few other sectors of the economy have the real potential to scale up employment, which is the most pressing economic imperative in South Carolina today. Automotive and ground transportation-related businesses contribute to approximately 5.4 percent of the state’s employment base, according to 2008 data compiled by the Division of Research. Importantly, the employment multipliers for each job created in South Carolina are unparalleled. For the automotive-related sectors examined in this study, the job impacts are higher than any other specific sector or industry.
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|Publisher||South Carolina State Library|
|Digital Collection||South Carolina State Documents Depository|
|Rights||Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))|
|Digitization Specifications||This South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.|