New study looks to understand impact of equine economy in South Carolina
A horse is a horse of course, but horses are also an economic force. A recent American Horse Council study finds that the U.S. equine industry is responsible for about $122 billion in economic impact and 1.74 million jobs on a full-time basis, that generate $79 billion in total salaries, wages, and benefits. How much of that is felt in South Carolina?
That’s the question University of South Carolina researchers will answer in a new study funded by the SC Department of Agriculture that will show how each segment of the equine industry contributes to the economy, as well as to the rich cultural fabric of South Carolina. The data will be used to inform future policy and business discussions.
The last statewide study of South Carolina’s equine sector was conducted 14 years ago, so the new study will play an important role in showing how much the industry has grown and how much it means to the state in 2018. In Florida, for example, the equine economic impact has risen by 33% in the last decade.
Simon Hudson, endowed chair and director of the Richardson Family SmartState Center of Economic Excellence in Tourism and Economic Development, will lead the new project. “The equine industry is a dynamic blend of tourism, entertainment and cultural heritage that plays a critical role in South Carolina’s identity and economy, so we are excited to have a strong team of specialized experts working together on this project,” Hudson says. To hear more, read the
USC Today story.
If you are involved in the equine sector, the team would love to hear from you. Their online survey will only take 5-10 minutes to complete, participation is completely voluntary, and your answers will be anonymous.
Please click on the following link for the survey:
If you have any questions or would like additional information about this study, feel free to contact Dr. Simon Hudson
([email protected])
University of South Carolina, Columbia, 29208