What is Economic Development?
Economic Development is the creation of wealth from which community benefits are realized. It is more than a jobs program, it’s an investment in growing your economy and enhancing the prosperity and quality of life for all residents.
In order for any community to survive, its citizens must have employment opportunities, and its government must be able to generate revenue to provide services. Economic development, if done effectively, works to retain and grow jobs and investment within a community.
MBREDC’s mission is to lead Horry County’s efforts in attracting, growing and retaining sustainable businesses that create jobs.
Economic experts say there are a few bits of good news in South Carolina’s economy as the COVID-19 pandemic stretches into more months.
Manufacturing and most other sectors of the South Carolina economy survived the COVID-19 economic shutdown without an extreme number of job losses.
In the future, COVID-19 could have one unexpected bright spot for South Carolina. The pandemic has shown large companies they don’t need headquarters in office towers in large cities to work, especially with the close quarters of elevators and public transportation.
There are a lot of places in South Carolina who would look attractive to this.
Read more about the impact of COVID-19 on South Carolina’s economy.
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Education Resources Every South Carolinian Should Know About
From Grand Strand CEO
As South Carolina’s economy recovers amid the continued need for social distancing, it is vital that employers, educational institutions, job seekers, and students find new ways to connect and share opportunities.
To stay up-to-date on everything happening in our area that pertains to our partners and Horry County, follow us on Facebook and Instagram. For more information about the Myrtle Beach Regional Economic Development Corporation, contact us at info@MBREDC.org or (843) 347-4604.