Spartanburg Area Chamber of Commerce issued the following announcement on October 4.
In recognition of the importance of the manufacturing industry in South Carolina, Governor Henry McMaster issued a proclamation recognizing “National Manufacturing Day” on October 1, 2021 and declaring the month of October “South Carolina Manufacturing Month.”
“South Carolina has a strong reputation throughout the nation and the world as being a place where manufacturers can thrive and be successful,” said Governor Henry McMaster. “Our incredible workforce and innovative manufacturers are key drivers for creating economic prosperity for South Carolinians.”
Governor McMaster made the announcement along with the leadership of the South Carolina Manufacturers Alliance at IFA Rotorion. The company employs more than 500 highly skilled associates at their Summerville manufacturing facility where they build driveshafts for the automotive industry.
“We’re proud to recognize the impact manufacturing has in South Carolina,” said Sara Hazzard, President and CEO of the South Carolina Manufacturers Alliance. “This is an industry that offers great careers opportunities, provides the ability for communities to thrive, and enhances our quality of life through innovative products and economic growth.”
In April 2021, SC Future Makers, a nonprofit education and workforce organization affiliated with the South Carolina Manufacturers Alliance, released an economic report study highlighting the tremendous impact manufacturing has in South Carolina. Key economic impact findings from the study include:
- South Carolina’s manufacturing economic impact is estimated to total between $194 billion and $206 billion annually;
- 16% of the State’s GDP is associated with manufacturing;
- Manufacturing supports, either directly or indirectly, over 30% of all jobs statewide;
- The industry pays well and averages an annual salary that is 33% higher than the state’s average wage;
- Manufacturing creates more jobs than virtually any other sector and has a multiplier effect of 2.4;
- 38% of South Carolina’s General Fund revenue comes from the manufacturing industry;
- South Carolina manufacturing is largely anchored by the aerospace, automotive, and tire sectors along with their extended supply chains. These three sectors experienced growth at a collective rate of more than three times the state average over the past decade.
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