Post Tagged with: "small business"

KNAPP: S.C. economy will survive if small businesses survive

KNAPP: S.C. economy will survive if small businesses survive

By Frank Knapp, special to Charleston Currents  |  The City of Charleston has implemented a shelter-in-place order.  Columbia has done the same. There are even calls for Gov. Henry McMaster to do so for all of South Carolina.

As a result of all governments’ actions and instructions to citizens for containing COVID-19 from spreading, small businesses are in crisis. 

by · 03/30/2020 · Comments are Disabled · My Turn, Views
FOCUS, Knapp: Taking a look at job numbers for August

FOCUS, Knapp: Taking a look at job numbers for August

By Frank Knapp, special to Charleston Currents  |  Like the rest of the nation, South Carolina’s economy seems to be humming along.

But there are warning signs and growing concern that we are heading to a recession.

The Labor Department released its monthly jobs report last week.  It showed that 130,000 new jobs were created in August.  However, around 25,000 were temporary census workers hired by the federal government.  That puts the August total for new private-sector jobs at about 100,000.

For his part President Trump is furious at the “fake news” for pointing out that the Labor Department numbers were well below economist expectations.

Maybe August is just a “quirky month.”  That is how Larry Kudlow, President Trump’s National Economic Council Director, described it.

by · 09/16/2019 · Comments are Disabled · Focus, Good news
BRACK:  State needs to ramp up its commitment to small businesses

BRACK:  State needs to ramp up its commitment to small businesses

By Andy Brack, editor and publisher  |  With all of the big news in late June about $1 billion in new foreign investment in South Carolina, it’s time for the state to pay more attention to the little guy and small businesses.

The new state budget includes $40 million as a “closing fund” to seal deals with big new companies such as Samsung, which announced a $380 million investment this week in Newberry County that will create 950 new jobs.  Also in recent days, BMW announced it would invest $600 million more in its Upstate car plant, which will add 1,000 more jobs by 2021.

by · 07/03/2017 · Comments are Disabled · Andy Brack, Views