Discussion Paper
Boeing South Carolina's Economic Impact: Ten Years After Opening
Scavette, Adam (2024-09-12)
There is a long history of U.S. state and local governments using subsidies to attract employers and stimulate economic activity, but research suggests that these industrial recruitment policies can have high costs per job generated. In a recent research article published in Economic Development Quarterly, I evaluate the economic impact of South Carolina's $1 billion deal to recruit Boeing's 787 Dreamliner assembly plant to North Charleston, which opened in 2011. The research investigates how the Boeing plant impacted South Carolina's burgeoning aerospace industry, the Charleston Metropolitan ...
Regional Matters

Briefing
The Economic and Human Impacts of Hurricanes
Phan, Toan; Waddell, Sonya Ravindranath (2024-12)
Hurricane Helene brought large destruction to parts of the Fifth Federal Reserve District, most notably western North Carolina.1 Helene was the deadliest hurricane to hit the mainland U.S. since Hurricane Katrina in 2005, and Helene's impact on both metro and rural areas was devastating. Then, less than a week later, Hurricane Milton made landfall in Florida as a Category 3 storm.Such powerful storms not only have immediate effects but can have lasting ones as well. There are recent advancements in the research literature that help us better understand what more or stronger hurricanes might ...
Richmond Fed Economic Brief , Volume 24 , Issue 38