CHARLESTON, S.C. (AP) - A new report suggests the Port of Charleston and booming development along the Interstate 85 corridor should mean the South Carolina economy will outpace the national economy next year.
The Post and Courier of Charleston reports (https://bit.ly/2b6wAhU ) the analysis from Wells Fargo Securities suggests that the state’s economy should grow about 3.8 percent during 2017. The national economy is predicted to grow about 2.1 percent.
The report predicts that South Carolina businesses will add another 110,000 jobs by the end of 2017. The report notes that manufacturing employment jumped 6 percent in the Charleston area over the past year, accounting for 1,400 new jobs,
The report said that the widening of the Panama Canal and the state’s inland port in Greer should spur demand for both warehouse and industrial space.
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Information from: The Post and Courier, https://www.postandcourier.com
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