Optimism and Opportunity: SCEDA’s 2025 Conference Highlights South Carolina’s Economic Momentum Amid Uncertainty

Economic developers, business leaders, and policymakers gathered this week in Myrtle Beach for the South Carolina Economic Developers’ Association (SCEDA) Annual Conference, held May 14–16 in Myrtle Beach, SC. The event served as a platform to celebrate the state’s economic achievements and to discuss strategies for navigating the evolving economic landscape.

A Positive Economic Outlook

South Carolina’s economy has demonstrated resilience and growth in recent years. Economists from the University of South Carolina’s Darla Moore School of Business have graded the state’s economic performance at a “B+” level, citing factors such as wage growth outpacing inflation and historically low unemployment rates. The state’s gross domestic product (GDP) reached nearly $350 billion in 2024, marking a 6.9% increase from the previous year.

Investment and Development Initiatives

South Carolina Department of Commerce Secretary Harry Lightsey delivered a positive update on the state’s recent successes and activity flow of prospects. He highlighted several significant investments contributing to the state’s economic momentum. Another session focused on VisionSC, an interactive digital twin tool used to help promote the state that allows remote users to virtually tour potential sites.

Featured Speakers and Panelists

The conference featured a lineup of distinguished speakers and panelists who provided insights into the state’s economic development strategies. Dr. Laurie G. Hillstock of Hillstock Consulting delivered a keynote address titled “Navigating Generational Shifts: Building Bridges for Economic Growth,” offering practical strategies to leverage generational changes for economic advancement.

In a session moderated by Sam Moses with Parker Poe, Department of Commerce Global Office Representatives, fresh of a late-night arrival from SelectUSA in Washington DC, gave their perspective on opportunities of growth and the current market.

An interactive session compared economic development incentives across neighboring states, featuring presenters Tushar Chikhliker of Maynard Nexsen, Ford Graham of McGuire Woods Consulting, and Will Clarke of Elliott Davis. Their discussion provided valuable perspectives on regional competitiveness and collaboration .

Navigating Political and Trade Uncertainties

Despite the positive indicators, conference attendees acknowledged challenges posed by political dynamics and international trade tensions. Recent policy shifts and tariff discussions have introduced uncertainties, particularly affecting sectors reliant on global supply chains. For instance, the automotive industry in South Carolina, home to BMW, Volvo, Mercedes, and now Scout Motors, faces concerns over potential tariffs and trade disputes largely due to potential rise in cost of imported parts subject to tariffs.

Looking Ahead

SCEDA’s 2025 Annual Conference underscored South Carolina’s economic strengths and the collaborative efforts driving its growth. While acknowledging external uncertainties, state leaders and economic developers expressed confidence in the state’s ability to adapt and thrive. The conference concluded with a renewed commitment to fostering innovation, attracting investment, and ensuring sustainable economic development for the Palmetto State.

For more information on SCEDA and its initiatives, visit sceda.org.