Study: Forestry has $23B impact on South Carolina economy

The Times and Democrat
November 4, 2022
Category: Forestry
Region: United States, US East

HILTON HEAD – South Carolina Forestry Commission officials announced the economic impact of the state’s forestry sector, citing a recently commissioned Economic Impact Analysis for Planning (IMPLAN) study. In detailing the $23.2 billion impact that the allied sectors of forestry and forest products-related industries generate on the Palmetto State’s economy, the Forestry Commission study also revealed that forestry generates more than 100,000 jobs and $5.5 billion in labor income. The results of the economic impact analysis of 2020 data were presented Thursday by study lead Dr. Joey Von Nessen, a research economist with the University of South Carolina Darla Moore School of Business, at the Forestry Association of South Carolina’s 2022 annual meeting. The total economic output of forestry grew 9.6% since the last report published in 2019. The other factors analyzed – employment, labor income and value-added metrics – increased by 1.9%, 12.5% and 8.0%, respectively.

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