Economics

Members of the South Carolina General Assembly have gathered in Columbia for today’s opening of the 2026 session. This is the second regular session of the 126th General Assembly. State Sen. Tom Young (R-District 24, Aiken County) told ABD he sees a wide range of topics facing lawmakers this session, ranging from education to workforce initiatives, and modifying the state’s income and property taxes. South Carolina has been incrementally lowering the personal income tax from 7% to the current 6% on income over $17,830. Young anticipates a vigorous debate on

ABD spoke with the leaders of the Richmond, Columbia, and Burke County economic development offices, as well as Western SC and the SRS Community Reuse Organization (SRSCRO), about their favorite accomplishments of the past 12 months and what is anticipated in the next 12. At the Augusta Economic Development Authority (AEDA), President and CEO Cal Wray said supporting the county’s existing industries topped his list. “With all of the tariff conversation and uncertainty, with the administration change and with politics, and with this last excise tax that the Commission looked at

One of the highest-ranking leaders in the two-state area just released the updated state water and plan. The purpose is the long-term protection of water resources to keep the dollars flowing for decades to come. A former Augusta Mayor also reflected on similar issues from more than 20 years ago. SC Governor Henry McMaster was flanked by South Carolina Department of Environmental Services (SCDES) Director Myra Reece and Rob Devlin, SCDES Assistant Chief of the Bureau of Water. They were joined by Rep. Bill Hixon (R-District 83 encompassing parts of