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SC Selected to Help Shape National Economic Development

Trade & Development - Economic Development

COLUMBIA, SC – South Carolina's Council on Competitiveness is pleased to announce that South Carolina is one of four states chosen by the Harvard Institute for Strategy and Competitiveness to participate in an industry-cluster mapping project for the United States. (The other states selected were Massachusetts, Minnesota, and Oregon). New Carolina is the leader in cluster development in the Southeast, bringing companies together to facilitate, design, and implement industry-wide strategies.

George Fletcher, New Carolina's Executive Director says, "This project provides an excellent opportunity for us to help shape economic development, not only in the region, but across the country."

The selection includes a US$3.5 million grant, from the U.S. Commerce Department's Economic Development Administration (EDA). That amount will be matched by the selectees.

Over the next four years, the goal of the mapping is to provide policymakers and development practitioners across America with rich data and tools for understanding industry clusters in every region of the country.

In addition, the project will provide a tool kit in assisting the formulation of economic development strategies.

Three state leaders from the New Carolina Board will work on implementing this grant: Joel A. Smith, III Dean Emeritus, Moore School of Business, USC; S. Hunter Howard, Jr., Former President of the SC Chamber of Commerce and Upstate Managing Partner, Scott and Company; and Irv Welling, President of Welling Strategic.

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