2025 Business Timeline

Published: Sunday, December 28, 2025 at 10:00 am

South Carolina Sees Economic Growth in 2024, Despite Challenges

Charleston, SC - South Carolina experienced a year of notable economic activity in 2024, according to recent reports. Several key sectors demonstrated growth, while other areas faced challenges.

Boeing Co. expanded its presence in South Carolina, increasing its workforce by 8.4 percent to 8,253 employees in preparation for a significant investment in its 787 plant. The Southeastern Wildlife Exposition drew a large crowd of approximately 40,000 attendees, despite inclement weather. The city's historic Old City Jail was repurposed as an event venue. The Port of Charleston welcomed a new record-breaking container ship, the OOCL Iris.

The sale of Duke's Real Mayonnaise to a private equity firm was finalized. The Powder Magazine Museum temporarily closed to the public due to financial constraints, but continues to offer educational programs. BMW's South Carolina plant maintained its position as the leading vehicle exporter in the U.S., shipping vehicles valued at over $10 billion.

Publix opened a new supermarket and announced further expansion plans. Kiawah Island Real Estate reported a record year for home sales, with transactions totaling over $1 billion. The Magnolia Landing development, a large-scale project, broke ground after years of delays. A historic mansion on the Charleston peninsula was sold for a record price.

BNN's Perspective:

The economic landscape of South Carolina in 2024 presents a mixed picture. While the state witnessed significant growth in manufacturing, tourism, and real estate, challenges remain. The closure of a historic museum highlights the need for sustainable funding models for cultural institutions. The success of the state's vehicle exports and the expansion of businesses like Boeing and Publix are encouraging signs of economic vitality. The state's ability to navigate these diverse economic forces will be crucial for its continued prosperity.

Keywords: Boeing, South Carolina, employment, expansion, Southeastern Wildlife Exposition, tourism, Old City Jail, event venue, Port of Charleston, OOCL Iris, Duke's Real Mayonnaise, Powder Magazine Museum, BMW, vehicle exports, Publix, supermarket, Kiawah Island, real estate, Magnolia Landing, development, housing, U.S. Treasury Secretary, mansion, Charleston

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