Camp Hall Economic Impact
The Lowcountry of South Carolina’s unique blend of natural resources, strategic location, and community-focused development initiatives continues to attract economic development and growth. The Camp Hall Industrial Park is ready to serve industries and retail businesses that come with that economic growth.
A comprehensive impact study conducted by Joseph C. Von Nessen Ph.D., Research Economist at the University of South Carolina Darla Moore School of Business, detailed the environmentally focused industrial park’s significant economic influence and additional potential for growth.
The study put Camp Hall’s current annual economic impact at $3.8 billion across South Carolina, with $3.4 billion of impact in the Charleston tri-county region. The study also provided valuable insight into Camp Hall’s pivotal role in driving economic growth in Charleston’s tri-county region and the state of South Carolina.
The study concludes that at full development (after 2035), Camp Hall will contribute $7.9 billion a year in state economic impact, with $7.3 billion of impact in the tri-county region.
“We are developing Camp Hall with the workforce in mind and with an intentional focus on preserving wetlands and other natural space, knowing that those unique attributes will separate it from other commerce parks and contribute significantly to the success of this region,” said Jimmy Staton, Santee Cooper President and CEO. “This study quantifies the park’s meaningful contribution already to job creation, revenue generation and innovation, and Santee Cooper remains committed to realizing the full potential Camp Hall offers to the industries that locate there, the people who work there and live nearby, and the entire state of South Carolina.”
The $3.4 billion regional economic impact figure corresponds to 5,022 jobs and $403.9 million in labor income for area residents made possible by industries located at Camp Hall. It also reflects the dollar value representing all final goods and services produced that can be attributed (either directly or indirectly) to all businesses currently operating at Camp Hall. The statewide impact of $3.8 billion reflects 6,364 jobs and $479.4 million in labor income.