Shaw Air Force Base’s economic impact increases
The economic impact of Shaw Air Force Base in Sumter increased $54 million in 2011 over 2010, to $861 million, according to a release from the host 20th Fighter Wing. The jump in impact was due to the arrival in 2011 of more than 900 soldiers of Third Army, now housed in the new Patton Center headquarter of U.S. Army Central, the planning and logistics arm of the Army in the Middle East and southwest Asia. The 20th Fighter Wing is the largest F-16 Fighting Falcon combat wing in the Air Force. Other major tenants at the base include 9th Air Force and U.S. Air Forces Central. Shaw’s military population now is around 8,200 soldiers and airmen, up 2,000 from 2009. Family members in the area number 10,555, up 2,300 from 2009. Estimated civilian support jobs generated around Shaw was 2,942, up from 2,290 in 2009. Estimated local wages from created jobs was $85 million, up from $72 million.
Business school introduces new online tax tool
South Carolina’s government, business and community leaders have a new tool to calculate the impact that proposed changes in tax laws could have on the state’s revenue. Researchers at the University of South Carolina’s Darla Moore School of Business unveiled the S.C. Tax Tool on Thursday, the school said. It is available on the school’s scdash.com website, a clearinghouse for economic data the school launched last year. The tool and a tutorial are free.
Ports Authority to enter lawsuit over cruise terminal
CHARLESTON The South Carolina State Ports Authority is entering a federal lawsuit challenging its plans to build a $35 million cruise terminal in Charleston. The case was brought by the Preservation Society of Charleston and the South Carolina Coastal Conservation League who sued the U.S. Army Corps of Engineers saying they should have considered the terminal’s impact on the city’s historic district before approving the project. In an order signed Wednesday, U.S. District Judge Richard Gergel agreed that the State Ports Authority could intervene in the case.
Proposed beer company merger under scrutiny
WASHINGTON The Justice Department is challenging Anheuser-Busch InBev’s proposed $20.1 billion purchase of Mexican brewer Grupo Modelo, which would unite the ownership of popular beers like Budweiser and Corona. The government says the deal would substantially reduce competition in the U.S. beer market.
Jeff Wilkinson and The Associated Press contributed.