In 2021, South Carolina had a GDP of $272.5 billion, placing it 24th among all states in the United States (BLS, 2022).
The state's economy is driven by industries such as manufacturing, logistics, and tourism.
South Carolina is home to a growing tech industry, with major companies like IBM, Microsoft, and Google having a presence in the state.
The state's business-friendly environment, with low taxes and regulations, makes it an attractive location for startups and entrepreneurs.
In 2020, the state had a total of 24,111 establishments in the information sector, employing over 70,000 people (BLS, 2022).
The state's education system is also a key factor, with several top-ranked universities, including the University of South Carolina and Clemson University.
The state's strong workforce, with a highly skilled and educated population, makes it an ideal location for software development.
South Carolina also offers a competitive cost of living and doing business, with lower labor costs compared to other major tech hubs in the United States.
According to the South Carolina Department of Commerce, the state has seen a 25% increase in the number of software and IT companies over the past five years.
The state's central location, with easy access to major cities like Atlanta and Charlotte, also makes it an attractive location for businesses looking to expand their reach.
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