Economic Outlook
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MYRTLE BEACH. A world recognized destination with strategic business advantages.
Robust, readily available, lower cost workforce
With a population of approx. 270,000, the area has experienced a 37% increase in population over 10 years and has a workforce of 132,000, current unemployment 10%
The average wage in Horry County is $30,870, 44% less than the US average
Customized workforce training services provided at no cost to employers
At-will employment
Lower cost operating environment
Electricity rates in Myrtle Beach are 25% below the national average ($0.0471 per kilowatt hour vs. 0.0616 per kilowatt hour)
SC is a single factor state with a low corporate income tax (5%)
Aggressive incentive package at the state and local levels
Ideal Location
Halfway between NYC and Miami on the eastern seaboard with 3 industrial parks, numerous buildings, sites, highway access, an international airport, nearby ports and rail
