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FY 2015 Defense Spending By State report now available for download.

State of South Carolina (DIA)

Purpose: 

DoD’s Office of Economic Adjustment issued a Defense Industry Adjustment grant to the South Carolina Department of Employment and Workforce. South Carolina will use this grant to fund a thorough supply chain analysis of its defense firms, identifying those companies that can transition to non-defense activity. South Carolina will use targeted outreach through the facilitation of business forums, engaging firms to pique their awareness and interest in diversifying into high-growth industries. Through the grant, firms interested in diversification strategies will receive planning and market exploration services as well as assistance identifying and aligning additional resources that meet their customized needs.

Background

Defense firms in South Carolina are facing significant sustainability risks due to recent Federal budget reductions and the threat of impending cuts. In the last several months, there has been a spike in layoff activity for defense firms as Federal contracts are not being renewed or are being reduced. Despite all of this, South Carolina still seeks to expand and improve the existing aerospace supply chain, offering existing manufacturers assistance in attaining and maintaining necessary aerospace-related standards and certifications. South Carolina is proactively engaging defense firms to encourage diversification within aerospace and other industries.

State:
SC