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What is South Carolina Ports Authority mean?
The South Carolina Ports Authority (SCPA) owns and operates public seaport facilities in Charleston and Georgetown, as well as Inland Ports in Greer, South Carolina and Dillon, South Carolina. Established by the South Carolina General Assembly in 1942, it is authorized and charged with promoting, developing, constructing, equipping, maintaining and operating the harbors and seaports within the State of South Carolina.
An economic development engine for the State, the South Carolina Ports Authority handles international commerce valued at more than $75 billion annually while receiving no direct taxpayer subsidy. According to a 2019 economic impact study conducted by the University of South Carolina Darla Moore School of Business, port operations facilitate 224,963 jobs across South Carolina (one in every 10 jobs) paying 32% higher than the state's average wage. The study attributes nearly $63 billion in annual statewide economic activity to port operations.
SCPA was created by the South Carolina General Assembly in 1942 by Act No. 626 (Title 54 - Ports and Maritime Matters in South Carolina Code of Laws) as an instrumentality of the State possessing the powers of a body corporate.
referencePosted on 08 Dec 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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