Coastal Economics Program
Through the work of the Coastal Economics Program Specialist, the S.C. Sea Grant Consortium documents the market and non-market economic benefits that the state’s coastal and ocean resources provide so that economic costs and benefits of land use and marine planning decisions are better understood.
The S.C. Sea Grant Consortium tracks ocean economy trends in South Carolina using data produced by national and state agencies. However, not every piece of the ocean economy is captured in the available data. To supplement the available data, the Consortium conducts research to estimate additional economic benefits provided by ocean and coastal ecosystems.
By working with key researchers and stakeholders, important issues related to coastal economics are addressed and information is shared to foster sustainable coastal industries, aid in coastal management decision making, enhance the understanding of economic benefits provided by ocean and coastal resources, and strengthen the social and ecological well-being of South Carolina’s coastal communities.
Coastal Economics Program Specialist
Recent Projects in Coastal Economics
Assessing South Carolina’s Ocean Economy
This report details the trends in economic activity related to South Carolina’s ocean economy. The purpose of this report is to provide an overview of South Carolina’s ocean economy based on available data; expand upon information provided by NOAA to examine other market and non-market economic benefits derived from coastal and ocean resources; identify ocean economy sectors for potential future growth; and discuss how natural resource health provides a foundation for economic activities along South Carolina’s coast.
Full report coming soon.
Assessing the Economic Benefits of South Carolina’s Beaches and Barrier Islands
This assessment was done to estimate ecosystem service benefits provided by South Carolina’s beach and barrier island ecosystems. The benefits assessed include tourism/recreation, coastal protection, carbon storage, water quality enhancement, water supply enhancement, sea turtle habitat presence, and property value enhancement.
Socioeconomic Evaluation of Stormwater Control Measures
Clemson researchers funded by the S.C. Sea Grant Consortium conducted an ecosystem service valuation study to examine the costs and benefits of low impact development stormwater control measures. This was accomplished through surveys of residents and by analyzing property value data.