Insider Brief
- A new economic report projects that quantum technologies could generate $8.5 billion in economic output and nearly 20,000 new jobs in South Carolina, with broader regional gains reaching $32.9 billion.
- The study, conducted by Dr. Joseph Von Nessen with SC Quantum and the University of South Carolina, links quantum adoption to productivity increases across key industries such as manufacturing and logistics.
- The analysis estimates a 5.7% average productivity boost for South Carolina’s leading sectors, highlighting the state’s strong alignment with emerging quantum applications
PRESS RELEASE — A new report highlights how quantum technologies could drive substantial long-term growth and job creation in South Carolina and the surrounding region. With projections of up to $8.5 billion in added economic output and 20,000 new jobs, the findings point to a strong alignment between quantum applications and the state’s leading industry clusters.
A in-depth economic impact report, recently completed by economist Dr. Joseph Von Nessen in collaboration with SC Quantum and the University of South Carolina Darla Moore School of Business, reveals how quantum technologies could significantly boost South Carolina’s long-term growth. The study estimates that quantum adoption could add $8.5 billion in new economic output for South Carolina and support nearly 20,000 new jobs.
The Potential Economic Impact of Quantum Technologies in South Carolina marks a first-of-its-kind economic analysis that links quantum adoption to productivity gains across the state’s most influential industries, including advanced manufacturing and logistics. Dr. Von Nessen led the research and economic modeling, with SC Quantum contributing to the report’s scope and development.
“This work wouldn’t have been possible without Dr. Von Nessen’s thought leadership,” said Dave Alsobrooks, Communications Director at SC Quantum. “His deep understanding of the state’s economy and rigorous analysis brought the true opportunity of this project to life. We’re proud to support work that offers such a clear picture of what’s at stake – and what’s possible through applying quantum technologies.”
The findings come at a time of growing interest for quantum innovation in the region and the world. The report also outlines the impact potential for the broader two-state region included in the Southeast Quantum Innovation Engine proposal, a coalition led by SC Quantum and currently under final-round review by the National Science Foundation. Across that region, the potential economic impact could exceed $32.9 billion and add up to 78,000 jobs to the region’s employment base.
Key findings from the report include:
- $8.5 billion in potential economic output gains for South Carolina
- 5.7% average productivity boost across key industry clusters
- Nearly 20,000 new jobs supported statewide
- $32.9 billion in potential gains across the proposed NSF Regional Innovation Engine region of service
Quantum’s applications, ranging from simulation and cryptography to logistics and machine learning, are particularly well-suited to South Carolina’s economic profile. The state’s strong growth in advanced manufacturing and logistics, combined with demographic shifts and labor shortages, positions it to benefit disproportionately from tools that support productivity like quantum computing.
SC Quantum remains committed to partnerships that advance practical quantum integration, from academic and economic strategy to research and workforce development.
The full report is available now: https://www.scquantum.org/download-report
0 Comments