Study: Aerospace Industry Has $24.8 Billion Impact On South Carolina’s Economy | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Thu, Oct 11, 2018

Study: Aerospace Industry Has $24.8 Billion Impact On South Carolina’s Economy

More Than 350 Aerospace Companies Employ Nearly 55,000 People

South Carolina’s aerospace industry cluster is one of the largest in the state according to a study released by the South Carolina Council on Competitiveness (Council). Authored by Dr. Joseph Von Nessen, the study finds that there are more than 350 aerospace companies operating in the state that, together, employ 54,881 people.

Results of the study were officially announced on the opening day of the South Carolina Aerospace Conference and Expo, which is taking place October 9th and 10th, 2018.

“Aerospace is a superstar in our state,” said Von Nessen. “When you look at employment growth in the state as a whole and what is happening in the aerospace industry, there is a very dramatic difference, with the average annual growth rate of the SC aerospace core being over 25%.”

Adrianne Beasley, Director of Aerospace Initiatives for the Council echoed the strength of the industry in the state saying, “The reports that we’ve seen from this study and previous aerospace studies indicate that the growth in the aerospace industry and specifically aerospace manufacturing has far exceeded the state and national average despite downturns that we’ve seen in the economy.”

Dr. Von Nessen attributed this to the diversity of the industry across the state. “Aerospace in South Carolina is more than the major firms that we typically think of. It extends beyond the big companies and into small and midsize firm, which are growing at a rate twice as fast as state employment growth. Once they’re here, they’re growing and thriving. They’re coming in, they’re doing well, and they're thriving. This is a very important piece of the puzzle when we're looking at what’s happening in the industry."

Susie Shannon, President and CEO of the Council, said that providing this aerospace data is a key part of the Council’s mission and supports an important part of the state’s economic development strategy. “Providing actionable research is a cornerstone of what we do at the Council. The far-reaching implications of this year’s report and the previous economic impact studies we’ve produced indicate that in just 10 short years, aerospace has become one of our state’s key industries,” she said.

(Infographic provided with SCCompetes news release)

FMI: sccompetes.org

Advertisement

More News

NTSB Final Report: Aviat A1

Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]

ANN's Daily Aero-Linx (07.08.25)

Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]

Classic Aero-TV: Fly Corvair’s Reliable Engine Alternative

From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: CiES Fuel-Quantity and e-Throttle Systems Praised

From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC