In 2019, despite South Carolina's relatively high GDP growth rate of 3.0\%, 15.4\% of the state's citizens lived below the poverty line which was among the nation's URL That year, South Carolina's GDP was $249.9 billion, making the state the 26th largest by GDP in the United States and half that of neighboring Georgia and North Carolina. Additionally, while South Carolina's unemployment rate was 2.4\%, around middle of the pack compared to other states, the state's GDP per capita was $41,457 which was among the lowest in the country. While the Great Recession in 2008 resulted in plummeting home values nationwide, houses in predominantly African American neighborhoods were the least likely to recover. In fact, land ownership in the state by African Americans declined throughout the twentieth century. In the case of the Gullah/Geechee community, this loss was often due to forced partition sales. Nationwide income inequality between African Americans and Caucasians has not changed in 70 years. In the city of Charleston, black citizens earn 60\% of what white citizens make."The State of Racial Inequality in Charleston County, South Carolina, 2000-2015" 2017 p. 9 Furthermore, in Charleston, high income home purchase loan applicants who were black had a rejection rate of 31\% between the years 2005 and 2014 while high income white applicants had a rejection rate of 10\% during that period."The State of Racial Inequality in Charleston County, South Carolina, 2000-2015" 2017 p. 39 COVID-19 Pandemic and 2020 South Carolina fared better economically than many states during the COVID-19 pandemic, especially in the upstate region. By the end of 2020, the state's unemployment rate was 4.2\%.Id. However, economists expect South Carolina won't return to its pre-pandemic employment levels until February 2022. South Carolina's real GDP fell 4.1\% from 2019 to 2020.Gross Domestic Product by State, 4th Quarter 2020 and Annual 2020 (Preliminary), Bureau of Economic Analysis (March 26, 2021). Retrieved from URL Nonetheless, investments were still made in the state. Mark Anthony Brewing announced the construction of a White Claw Hard Seltzer brewing and production facility in Richland County at a cost of $ 400 million. It is estimated that the facility will create 300 jobs in the county. Further, E & J Gallo Winery announced plans to build a bottling facility in Fort Lawn, South Carolina. The facility is also estimated to cost $400 and it is estimated that it will create 500 jobs.Holland and Schechter, Gallo Plans bottling plant in South Carolina.The Modesto Bee (April, 14, 2021). Retrieved from URL
In 2019, despite South Carolina's relatively high GDP growth rate of 3.0\%, 15.4\% of the state's citizens lived below the poverty line which was among the nation's URL That year, South Carolina's GDP was $249.9 billion, making the state the 26th largest by GDP in the United States and half that of neighboring Georgia and North Carolina. Additionally, while South Carolina's unemployment rate was 2.4\%, around middle of the pack compared to other states, the state's GDP per capita was $41,457 which was among the lowest in the country. While the Great Recession in 2008 resulted in plummeting home values nationwide, houses in predominantly African American neighborhoods were the least likely to recover. In fact, land ownership in the state by African Americans declined throughout the twentieth century. In the case of the Gullah/Geechee community, this loss was often due to forced partition sales. Nationwide income inequality between African Americans and Caucasians has not changed in 70 years. In the city of Charleston, black citizens earn 60\% of what white citizens make."The State of Racial Inequality in Charleston County, South Carolina, 2000-2015" 2017 p. 9 Furthermore, in Charleston, high income home purchase loan applicants who were black had a rejection rate of 31\% between the years 2005 and 2014 while high income white applicants had a rejection rate of 10\% during that period."The State of Racial Inequality in Charleston County, South Carolina, 2000-2015" 2017 p. 39 2019-2021 South Carolina fared better economically than many states during the COVID-19 pandemic, especially in the upstate region. By the end of 2020, the state's unemployment rate was 4.2\%.Id. However, economists expect South Carolina won't return to its pre-pandemic employment levels until February 2022. South Carolina's real GDP fell 4.1\% from 2019 to 2020.Gross Domestic Product by State, 4th Quarter 2020 and Annual 2020 (Preliminary), Bureau of Economic Analysis (March 26, 2021). Retrieved from URL Nonetheless, investments were still made in the state. Mark Anthony Brewing announced the construction of a White Claw Hard Seltzer brewing and production facility in Richland County at a cost of $ 400 million. It is estimated that the facility will create 300 jobs in the county. Further, E & J Gallo Winery announced plans to build a bottling facility in Fort Lawn, South Carolina. The facility is also estimated to cost $400 million and it is estimated that it will create 500 jobs.Holland and Schechter, Gallo Plans bottling plant in South Carolina. The Modesto Bee (April, 14, 2021). Retrieved from URL In 2021, the PGA Tour had what one commentator called "the South Carolina swing." The state hosted the annual RBC Heritage on Hilton Head Island in April, a PGA Championship at Kiawah Island in May, and after the Canadian Open was canceled, the PGA announced South Carolina would host another tournament titled the Palmetto Championship at Congaree in June. This latter tournament is expected to bring in approximately $50 million in tourism revenue.
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$41,457 which was among the lowest in the country. While the Great Recession in 2008 resulted in plummeting home values nationwide, houses in predominantly African American neighborhoods were the least likely to recover. In fact, land ownership in the state by African Americans declined throughout the twentieth century. In the case of the Gullah/Geechee community, this loss was often due to forced partition sales. Nationwide income inequality between African Americans and Caucasians has not changed in 70 years. In the city of Charleston, black citizens earn 60\% of what white citizens make."The State of Racial Inequality in Charleston County, South Carolina, 2000-2015" 2017 p. 9 Furthermore, in Charleston, high income home purchase loan applicants who were black had a rejection rate of 31\% between the years 2005 and 2014 while high income white applicants had a rejection rate of 10\% during that period."The State of Racial Inequality in Charleston County, South Carolina, 2000-2015" 2017 p. 39 COVID-19 Pandemic and 2020 South Carolina fared better economically than many states during the COVID-19 pandemic, especially in the upstate region. By the end of 2020, the state's unemployment rate was 4.2\%.Id. However, economists expect South Carolina won't return to its pre-pandemic employment levels until February 2022. South Carolina's real GDP fell 4.1\% from 2019 to 2020.Gross Domestic Product by State, 4th Quarter 2020 and Annual 2020 (Preliminary), Bureau of Economic Analysis (March 26, 2021). Retrieved from URL Nonetheless, investments were still made in the state. Mark Anthony Brewing announced the construction of a White Claw Hard Seltzer brewing and production facility in Richland County at a cost of $
$41,457 which was among the lowest in the country. While the Great Recession in 2008 resulted in plummeting home values nationwide, houses in predominantly African American neighborhoods were the least likely to recover. In fact, land ownership in the state by African Americans declined throughout the twentieth century. In the case of the Gullah/Geechee community, this loss was often due to forced partition sales. Nationwide income inequality between African Americans and Caucasians has not changed in 70 years. In the city of Charleston, black citizens earn 60\% of what white citizens make."The State of Racial Inequality in Charleston County, South Carolina, 2000-2015" 2017 p. 9 Furthermore, in Charleston, high income home purchase loan applicants who were black had a rejection rate of 31\% between the years 2005 and 2014 while high income white applicants had a rejection rate of 10\% during that period."The State of Racial Inequality in Charleston County, South Carolina, 2000-2015" 2017 p. 39 2019-2021 South Carolina fared better economically than many states during the COVID-19 pandemic, especially in the upstate region. By the end of 2020, the state's unemployment rate was 4.2\%.Id. However, economists expect South Carolina won't return to its pre-pandemic employment levels until February 2022. South Carolina's real GDP fell 4.1\% from 2019 to 2020.Gross Domestic Product by State, 4th Quarter 2020 and Annual 2020 (Preliminary), Bureau of Economic Analysis (March 26, 2021). Retrieved from URL Nonetheless, investments were still made in the state. Mark Anthony Brewing announced the construction of a White Claw Hard Seltzer brewing and production facility in Richland County at a cost of $
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$400 and it is estimated that it will create 500 jobs.Holland and Schechter, Gallo Plans bottling plant in South Carolina.The Modesto Bee (April, 14, 2021). Retrieved from URL
$400 million and it is estimated that it will create 500 jobs.Holland and Schechter, Gallo Plans bottling plant in South Carolina. The Modesto Bee (April, 14, 2021). Retrieved from URL In 2021, the PGA Tour had what one commentator called "the South Carolina swing." The state hosted the annual RBC Heritage on Hilton Head Island in April, a PGA Championship at Kiawah Island in May, and after the Canadian Open was canceled, the PGA announced South Carolina would host another tournament titled the Palmetto Championship at Congaree in June. This latter tournament is expected to bring in approximately $50 million in tourism revenue.