Horry County Business Climate
Myrtle Beach, South Carolina is a world-class business destination and is poised to become a global hub for opportunity. Horry County offers a diverse mix of sites and buildings from Class A-certified industrial parks to business and commerce centers. Opportunities for businesses to thrive stem from modern infrastructure, skilled workforce, and access to higher education. The expansion of the Myrtle Beach International Airport enables more fluid access to the 75 percent of the U.S. population that is found within a 1,000-mile radius, while access to I-95 via US 501 enables rapid product distribution. If you are just getting started, growing your business, relocating, or opening a new facility, the Myrtle Beach area provides the ideal location for your success.
Myrtle Beach Regional Economic Development Corporation (MBREDC) leads Horry County’s efforts to attract, retain, and grow sustainable businesses that create jobs. Horry County is one of South Carolina’s fastest growing counties and presents itself as a prime business location. To assist business development, MBREDC is a key resource for location and expansion assistance and development programs. Instrumental to economic growth, MBREDC unites key parties in the public and private sectors and diversifies the economy by attracting suitable and sustainable industries. MBREDC is supported by over 200 member businesses who are committed to economic growth in the region.
Business Climate: Myrtle Beach: A World Recognized Destination with Strategic Business Advantages
Myrtle Beach, South Carolina is strategically located halfway between New York City and Miami on the Eastern Seaboard, making it an ideal location to expand and grow your business. The exceptional business climate and superior quality of life, combined with a dynamic workforce and abundant resources for businesses, will give your company a competitive advantage in the global marketplace. Horry County is one of the fastest growing MSAs in the nation. In 2020, the county’s population was 351,029 people, a 44 percent increase since 2000. The Myrtle Beach area is a mere two days’ drive from two-thirds of the U.S. population, including all major East Coast markets plus Chicago, Detroit, and Dallas. Ten million people live within a 500-mile radius of the Grand Strand market
- The Myrtle Beach area offers a business-friendly tax structure
- Utility rates are 25 percent below the national average
- Competitive wages for employees
- Low unionization
- South Carolina ranked No. 1 for business incentive programs and No. 4 in the county for workforce development programs by Area Development Magazine.
South Carolina’s workforce is touted as one of the most productive in the country. And some of the best and brightest in today’s workforce call Horry County home. With advanced training programs in manufacturing, engineering, machine operations and more available through Coastal Carolina University, Horry Georgetown Technical College, the Pittsburgh Institute of Aeronautics (PIA), Miller-Motte College, and Webster University, there is no shortage of available, qualified workers in Horry County. We understand that workforce training, hiring and education is crucial to a company’s growth and success, and we are committed to supporting those efforts for new and existing companies in Horry County.
For more than 50 years, the SC Technical College System has powered readySC, which provides well-trained employees to qualifying companies that invest in South Carolina. A comprehensive and customized process, readySC includes recruiting, screening, and training, tailoring guidelines and curriculums to fit a company’s needs.
Myrtle Beach by the Numbers
Locations and expansions since 2016: Sixteen
Amount of capital invested since 2016: $101.65 million
Number of jobs created since 2016: 1,085
Number of higher education institutions: Five
Number in area workforce: More than 156,000