#CountDown: 8 Days To Launch in Charleston, SC

  • According to the World Trade Atlas, South Carolina traded with 198 countries in 2018. Given that the Port of Charleston will boast the second deepest habor on the United States’ East Coast by 2025, one expects this number to increase in the very near future. Presently, the state’s biggest trading partners are China, Canada, Germany, Mexico, and the United Kingdom.
  • According to the Federal Reserve Bank of St. Louis, South Carolina’s GDP was $221.7 billion in 2017, having grown by 114% over the past 20 years. When you marry that with a 2015 economic development estimate that the Port of Charleston generates roughly $53 billion in annual economic activity that supports about 187,200 jobs across the state, one realizes how pivotal Charleston is to economic progress in South Carolina.
  • According to the South Carolina Ports Authority, $38 billion worth of exports travelled through South Carolina.
  • The Port of Charleston hosts 13 of the world’s 15 biggest container shipping lines, and the South Carolina Ports Authority plans $2.4 billion in capital expenditures to improve its physical and technological capabilities in order to handle more freight from post-Panamax vessels. It is one of the top 10 ports in the United States, and has the stated ambition of vaulting itself into the top 5.
  • According to the Charleston Regional Development Alliance; The Charleston region ranks 9th among U.S. metros in attracting foreign direct investments, benefits from transportation infrastructure that puts shipments through Charleston within 48 hours of most domestic markets, with more than 20% of the U.S. population within a day’s drive of the region.

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