October 2023 Newsletter

Feb 8th, 2024

MBREDC October 2023 Newsletter

Study: South Carolina is fastest-growing job market in US

By Jason Thomas

A new study shows that South Carolina has the fastest-growing job market in America, with the rate of available job openings increasing by 142.36% in the last 10 years.

The rate of job openings has risen in America by 89.29% since 2013, with 33 states performing better than the national average, according to new research from The Digital Project manager, according to a news release.

South Carolina topped the study as the state with the fastest-growing job market. Over the last 10 years, the rate of available jobs in the state has risen by 142.86%, from 2.8 in July 2013 to 6.8 in July 2023.

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SC Industry Trends
What are South Carolina’s Largest Industries by Revenue?

The largest industries by revenue in South Carolina are Health & Medical Insurance, New Car Dealers and Hospitals, which generated $16.7b, $15.7b and $15.3b in 2022.

For more information on the state’s Economic Profile visit IBIS World.

Bridging The Digital Divide

Business Facilities Magazine

In June, the Department of Commerce’s National Telecommunications and Information Administration (NTIA) announced how it has allocated funding to all 50 states, Washington, DC, and five territories to deploy affordable, reliable high-speed Internet service to everyone in America. This “Internet for All” initiative is a key component of President Biden’s “Investing in America” agenda.

Rural communities are most often cited as candidates for improvements. And, those are the communities that may be most eligible for funding. Still, larger communities making strides and offer useful examples. Myrtle Beach, SC and Chattanooga, TN, for instance, showcase different approaches.

In Myrtle Beach, SC, the 2022 announcement of the DC Blox’s Cable Landing Station poised this area to become a tech hub for the Southeast. This highly specialized facility will provide power to the subsea cables to regenerate the optical signal, host local network equipment associated with the cables, provide colocation space for cable partners and local businesses, and serve as a regional exchange point for communications providers. The Cable Landing Station (CLS) can support up to 5 subsea cables. Google and Meta have announced two subsea cables, connecting Myrtle Beach, SC to Argentina and Spain.

Full Article
Upcoming MBREDC Events

MBREDC November Event:

How Horry County Officials Work For You

Thursday, November 9, 2023

11:00 am-1:00 pm

Topics Presented by Horry County:

Understanding Taxes

Planning & Permitting

Infrastructure & Regulations

RIDE Projects


Conway Building & Planning Department

Conference Room

196 Laurel St

Conway, SC

Lunch Provided

Event Registration
Sponsored by:

Contact Sandra James for more information on upcoming events.

MBREDC Annual Meeting

Thursday, January 18, 2024

8:00 am

Marina Inn

Myrtle Beach, SC


MBREDC Fall Social

On October 12, the MBREDC hosted the Annual Fall Member Social at the House of Blues. It was a great night of networking, food, and entertainment with 100 members in attendance. Thank you to Carolina Cool and Corning Credit Union for sponsoring this event.

MBREDC Industry Awareness Class

The Industry Awareness Class is off to a great start. Over the past two months, the class has visited 11 local industries as well as HGTC’s Advanced Manufacturing Center and International Culinary Institute. They watched boat parts being assembled, beer distributed, and signs being fabricated. They have learned about the expansions planned for the Myrtle Beach International Airport and how the Myrtle Beach Air Force Base was redeveloped. Thank you to the many local businesses who opened their doors and allowed us to take a peek at the opportunities in our area.
New & Renewing Partners

New Members

Tideland Commercial, Mike Shank

Schooley Mitchell of Myrtle Beach

Stasmayer, Incorporated

Renewing Members

Synovus Bank


The Merchant Strategy

The Law Office of Natasha Hanna

Grand Strand Water & Sewer Authority

Carolina Food Service

Tidelands Health

Tradd Commercial

VSC Fire & Security

Town of Aynor

Lemon or Lime

Stunning & Brilliant Events

S&ME, Inc.

South State Bank

The Brigman Company

A & I Corporation

Laudisi Enterprises

Partner News

Bank of America is providing the tools to help tomorrow’s leaders succeed

Through Student Leaders®, Bank of America recognizes high school students who lead and serve in their own communities and beyond. We connect Student Leaders to tools and resources to help make communities better.

Applications for the 2024 program are now being accepted through January 17th, 2024. Students who have submitted applications will be notified of their application status in spring 2024.

Apply Today
BBB Accredited Businesses, members of the business community and all community partners are invited to join us at the BBB office in Myrtle Beach for an after-hours, come-and-go networking celebration event.

You’ll have the opportunity to network, enjoy drinks, grab some food, and connect with our BBB team and local business community. A photographer will be onsite to take free professional headshots for attendees.

Thursday, November 6, 2023

4:00-6:30 pm

611 Burroughs & Chapin Blvd.

Myrtle Beach, SC

McLeod Health Breaks Ground on New Ambulatory Surgery Center in Carolina Forest

McLeod Health broke ground on a new Ambulatory Surgery Center (ASC) at the McLeod Health Carolina Forest campus on Tuesday, October 24th. This center will provide patients with access to same-day surgical procedures at a convenient location. The leadership and staff along with public officials and other community members celebrated this exciting development for the Carolina Forest and surrounding communities.

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Chairman’s Partners
Myrtle Beach Regional Economic Development Corporation

2050 Hwy 501 East, Building 100

Conway, SC 29526


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