#12. South Carolina

- New business applications per 1,000 people: 18.58 (93,309 total)

- High-propensity business applications per 1,000 people: 5.18 (26,009 total)

- Business applications with planned wages per 1,000 people: 1.98 (9,918 total)

The South Carolina legislature approved $40 million in grants to businesses, ranging from $2,500–$25,000 each. Priority for these grants went to minority-owned businesses, which were less likely to have received financial assistance like the PPP. Black-owned businesses have been disproportionately affected by the coronavirus, the pandemic only exacerbating systemic barriers that have historically impeded Black Americans from accessing capital and owning property. According to the House Committee on Small Business, Black business ownership fell 41% across the United States between February 2020 and April 2020. South Carolina’s small businesses appear to be on the upswing, recovering more quickly than the national average. As of February 2021, 75% of South Carolina businesses, 78% of women-owned businesses, and 73% of minority-owned businesses in South Carolina were reported to be operational.

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