We had a very informative speaker at Rotary this week, Mr. Dan Stacy. Mr. Stacy is an Attorney in the area and was talking about the economic impact regarding the Port of Georgetown. The port is in dire need of dredging to accommodate the shift from bulk and break-bulk shipping to containerized shipping.

At its peak the port received 1.8 million tons of cargo compared to just 107 thousand tons in 2009. They predict that for every 500,000 tons shipped there annually an economic impact to the local economy would be.

• A total of 42 new jobs for the area.
• A total of $1.3 million annually in new local household income.
• A total of $4.4 million in total local economic output

This information was provided by Dr. Don Schunk, Research Economist at Coastal Carolina University. With proper dredging they anticipate a significant increase in the tonnage shipped with hopes of reaching a 3,000,000 ton increase surpassing the previous peak of 1.8 million tons.

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