South Carolina Economy is on the mend

Increased hotel bookings, spending by foreign tourists and business recruitment deals are three indicators that South Carolina is pulling out of the long economic slump.

Gov. Mark Sanford got the good economic news Tuesday during a Cabinet meeting in which his agency directors told him that South Carolina is doing better in business recruitment and travel and tourism than neighboring states.

Chad Prosser, director of the Department of Parks, Recreation and Tourism, said the state’s recovery is more pronounced than in Florida, Georgia and North Carolina, according to a benchmark that factors in hotel stays, available rooms and the price of the rooms.

Read it all from the front page of the local paper.

Posted in * Economics, Politics, * South Carolina, Consumer/consumer spending, Corporations/Corporate Life, Economy, Housing/Real Estate Market

2 comments on “South Carolina Economy is on the mend

  1. Chris says:

    unemployment is still way to high (12.2%) and real estate is still a complete mess (foreclosures, lack of financing etc.) to in any way conclude things are on the “mend.”

  2. dwstroudmd+ says:

    Maybe those discount round trip tickets to Argentina have upped the airlines bottom lines? Governor’s specials, right?