Economy

Testimony to the SC Special Joint Committee to Study Childcare

Testimony to the SC Special Joint Committee to Study Childcare Frank Knapp Jr. President & CEO January 7, 2025 Chairpersons Turner and Erickson; Committee members.  I am Frank Knapp, President and CEO of the South Carolina Small Business Chamber of Commerce, which I co-founded 25 years ago. Thank you for the opportunity to testify today […]

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OnPoint on WACH Fox: Impact of possible Trump tariffs on SC small businesses

OnPoint WACH-TV January 5, 2025 Watch 30-minute program OnPoint on WACH Fox: Impact of possible Trump tariffs on SC small businesses by Brian Mcconchie COLUMBIA, S.C. (WACH) – This week on OnPoint on WACH Fox we look at how tariffs that are expected during the Trump administration will affect small businesses. On the campaign trail,

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South Carolina small businesses brace for potential tariff impact under new administration

WLTX-TV January 2, 2025 Watch video South Carolina small businesses brace for potential tariff impact under new administration Small business owners say the increase in tariffs under a new presidential administration is concerning. Author: Shelly Garzon COLUMBIA, S.C. — With a new administration set to take office in less than three weeks, small businesses in

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Possible small business problems in 2025, SC Small Business Chamber TV interview

Live 5 WCSC January 1, 2025 Economy primed to grow in 2025, but new policies could hamper business SC small business group preparing possible lawsuit By Nick Reagan CHARLESTON, S.C. (WCSC) – As the new year rings in, business owners, economists and researchers are bracing for the unknown changes in economic policies sure to come

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SC businesses, consumers bracing for potential trade tariffs

SC Public Radio December 6, 2024 SC businesses, consumers bracing for potential trade tariffs By Russ McKinney President-elect Donald Trump has vowed that on his first day in office next month he’ll impose heavy tariffs targeting the United States’ three largest trading partners: Canada, Mexico and China. Trade tariffs were the hallmark of then-candidate Trump’s

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SC power utility is urged to pause next week’s rate hike

Post and Courier December 7, 2024 SC power utility is urged to pause next week’s rate hike By John McDermott Two groups are urging Santee Cooper to delay a vote on its first electric rate increase in seven years to address what they called “serious flaws” in the new pricing plan. The S.C. Small Business

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SC Ports users making tariff contingencies while consumers prepare to foot the bill

Post and Courier November 10, 2024 SC Ports users making tariff contingencies while consumers prepare to foot the bill By David Wren It’s like 2018 all over again, and businesses that import goods through the Port of Charleston are making contingency plans. “We have been planning for this possibility since the spring,” Mike Creedon, CEO

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Trump policies could place S.C.’s trade at risk, experts say

Charleston City Paper July 26, 2024 Trump policies could place S.C.’s trade at risk, experts say by Jack OToole Former President Donald Trump effectively doubled down on the populist tariff and immigration policies that helped fuel his surprise victory in 2016 by choosing Ohio Sen. J.D. Vance as his running mate at last week’s Republican convention.

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Small business supports Biden’s immigration reform to address labor shortage

Press Statement June 18, 2024 Contact:  Frank Knapp, 803-600-6874, fknapp@scsbc.org Small business supports Biden’s immigration reform to address labor shortage Today, President Biden announced that he will be taking action to allow undocumented spouses of Americans to apply for legal residency and a green card as well as receive a temporary work permit.  The program

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SC gas pipeline operator seeks big rate hike, costs that could flow into your power bills

Post and Courier May 2, 2024 By Tony Bartelme Carolina Gas Transmission is seeking a roughly 85 percent increase in rates to supply utilities and industries in South Carolina with natural gas. The requested hike potentially adds tens of millions of dollars in costs to transport natural gas here — costs that eventually flow into

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