THE SOUTH CAROLINA DEPARTMENT OF TRANSPORTATION AND ITS ECONOMIC IMPACT ON THE STATE OF SOUTH CAROLINA

The South Carolina Department of Transportation (SCDOT) holds the primary responsibility for transportation investment in South Carolina. The many activities of SCDOT entail a broad range of economic benefits for the state. SCDOT investments in the transportation system result in substantial short-term benefits, estimated at $2.1 billion of economic output, $768.6 million in labor earnings, $91.6 million in recurring tax revenue, and 24,360 jobs annually. Over the longer-term, transportation system enhancements benefit the state's economy via positive impacts on business costs and productivity, labor market access, economic competitiveness, attractiveness to new businesses, residents, and tourists, property values, and long-term tax revenues.

• Corporate Authors:

  University of South Carolina, Columbia

  Moore School of Business
  1705 College Street
  Columbia, SC  United States  29208

  South Carolina Department of Transportation

  Silas N. Pearman Building, 955 Park Street
  Columbia, SC  United States  29202

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Schunk, D L
• Publication Date: 2003-1

Language

• English

Media Info

• Features: Appendices; Figures; Tables;
• Pagination: 34 p.

Subject/Index Terms

• TRT Terms: Economic benefits; Economic impacts; Investments; Jobs; State departments of transportation; Transportation
• Identifier Terms: South Carolina Department of Transportation
• Geographic Terms: South Carolina
• Subject Areas: Economics; Society; Transportation (General); I10: Economics and Administration;

Filing Info

• Accession Number: 00962899
• Record Type: Publication
• Report/Paper Numbers: FHWA-SC-02-08,, Final Report
• Contract Numbers: 247
• Files: TRIS, USDOT, STATEDOT
• Created Date: Sep 24 2003 12:00AM