Story perspectives

Myrtle Beach's Economic Boom: Jobs, Wages, and Growth

1/11/2025

28 4

Summary

Story summary

The Myrtle Beach Regional Economic Development Corporation focuses on diversifying job growth beyond hospitality, with average wages rising from $14.50 to $25.52 since 2014.
Unemployment decreased from 7.2% to 5%, while the number of businesses grew from 79 to 162.
Significant investments include a $14 million Amazon facility creating over 100 jobs and a $6 million craft brewery set to open in 2026.
The MBREDC aims for $10 million in annual capital investment and currently has 42 active projects for 2025.

1 of 1

Story summary

The Myrtle Beach Regional Economic Development Corporation focuses on diversifying job growth beyond hospitality, with average wages rising from $14.50 to $25.52 since 2014.
Unemployment decreased from 7.2% to 5%, while the number of businesses grew from 79 to 162.
Significant investments include a $14 million Amazon facility creating over 100 jobs and a $6 million craft brewery set to open in 2026.
The MBREDC aims for $10 million in annual capital investment and currently has 42 active projects for 2025.