South Carolina is making headlines this week as Tropical Storm Chantal brings heavy rain and flooding concerns to the northeastern part of the state. The National Hurricane Center issued warnings as Chantal came ashore with winds up to 50 miles per hour and projected rainfall totals of up to six inches in some areas, raising the likelihood of flash flooding and isolated tornadoes along the coast, according to NPR. State emergency officials are urging drivers to heed road closures and avoid water-covered highways.
On the legislative front, a slate of new laws took effect with the start of the new fiscal year. Among the most significant changes, South Carolina’s $14 billion general fund budget is now active, including salary increases for teachers and state employees, $200 million earmarked for bridge repairs, investments in technical colleges and airports, and a reduction of the top marginal income tax rate to 6 percent. State lawmakers have also enacted the “Educator Assistance Act,” providing more planning time for teachers, and approved the use of debit cards to purchase lottery tickets, as reported by South Carolina Public Radio.
Notable government reforms include a new law modifying how judges are vetted and appointed. The Judicial Merit Selection Commission, previously dominated by legislators, expands to twelve members, with the governor given the authority to appoint four of them for the first time. Term limits have been established for commission members, and the number of judicial candidates advanced to the legislature increases from three to six.
In business news, South Carolina is gaining attention as a prime destination for real estate investors in 2025. Market growth is being fueled by newcomers to the state, rising property values, and continued investment in tourism, manufacturing, and technology. According to Rentastic, South Carolina’s housing market is benefiting from affordable living costs and a strong, diverse economy. The short-term rental and hospitality industries remain especially robust thanks to the state’s popular coastal and historic attractions.
However, the business landscape also faces some challenges. Canfor Corporation announced plans to permanently close its Estill and Darlington sawmills by August, affecting local jobs. Meanwhile, Lockheed Martin revealed a 10 percent workforce reduction at its Greenville location following the U.S. Air Force’s decision not to renew a major contract. On the positive side, Hampton Lumber is investing in Allendale County with its first East Coast sawmill, and Cielo Digital Infrastructure is poised to develop a major data center project in Cherokee County, according to Columbia Business Monthly. Additionally, the Nuclear Regulatory Commission extended Dominion Energy’s V.C. Summer Nuclear Station’s operating license through 2062, securing a key energy asset for decades to come.
Community initiatives are also underway, highlighted by the return of the Palmetto Pencil Project.
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