South Carolina’s infrastructure investments could have a $66 billion economic impact between fiscal years 2021 and 2028, according to findings discussed Tuesday by infrastructure leaders in Columbia.
The projects are also projected to create approximately 140,000 permanent jobs across the state over the next decade. Infrastructure-related positions currently provide average annual pay about 15% higher than the state average.
The South Carolina Office of Resilience has invested nearly $200 million in infrastructure projects designed to help communities prepare for and recover from severe storms.
Major transportation projects are also moving forward. The South Carolina Department of Transportation plans to continue widening Interstate 26 between Columbia and Charleston, while work is progressing along the Interstate 95 corridor near the Georgia border. A major bridge replacement project over Lake Marion is also expected to bring increased construction activity to the area.
South Carolina currently ranks first nationally in population growth and fourth in employment growth. State officials and economic experts say continued infrastructure investment will be important to maintaining that momentum and supporting the resources needed by businesses and residents.
Manufacturing, logistics and health care are among the industries expected to contribute significantly to future economic growth.
With continued investment in roads, bridges, storm resilience and other infrastructure, state leaders expect South Carolina’s construction activity to remain an important driver of employment and economic development in the coming years.
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