USC study finds SCRA’s economic impact on state $1.35 billion in 2013

Staff Report
gsanews@scbiznews.com
Published April 22, 2014

A study by the University of South Carolina’s Darla Moore School of Business found that applied research corporation SCRA had an economic impact of $1.35 billion on the state in 2013, an increase from the $110 million in 2012.

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The company’s economic impact included SCRA’s operations from its three sectors, SCRA Technology Ventures, SCRA Applied R&D and SCRA R&D Facilities.

"We are pleased to once again be quantified as a leading force in advancing South Carolina's Knowledge Economy," said SCRA CEO Bill Mahoney. “SCRA has delivered substantive outcomes throughout the past year, continually fulfilling our dual mission through delivering high-tech solutions to our federal and corporate clients and ensuring South Carolina's Knowledge Economy gains strength.”

SCRA’s revenues climbed to $266 million in 2013, up 25% from the previous fiscal year.

Founded 31 years ago, SCRA is an applied research corporation aimed at developing the state’s knowledge economy. The company reports it has made, since its inception, a cumulative economic impact of $16.65 billion on South Carolina.

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