Investor Presentaiton
These direct economic impacts also lead to indirect and
induced impacts through increases in demand for goods
and services in other related industries and through
increases in household spending activity - all of which
are estimated using economic multipliers. Each impact
is reported in Table 4, along with the accompanying
totals. These totals represent the overall impact of the
agribusiness cluster on South Carolina.
Table 4 - Total Economic Impact of Agribusiness on South Carolina
Impact Category
Direct Effect
Employment
145,386
Labor Income
Economic Output
$6,623,832,890
$32,160,831,574
Indirect Effect
69,549
Induced Effect
44,280
$3,669,212,028
$2,050,268,370 $6,848,343,528
$12,826,673,062
Total Impact
259,215
$12,343,313,288 $51,835,848,164
SCDA
18795
CULTURE
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