A new study from the University of South Carolina’s Moore School of Business and the state Education Department finds that reaching the state’s student proficiency target could generate billions in economic activity over 35 years.
LEXINGTON, S.C. — A report released Tuesday finds that improving student achievement in South Carolina could translate into major long-term economic gains for the state, according to the South Carolina Department of Education.
The study, titled “The Economic Impact of Improving Student Performance in South Carolina,” was written by Moore School of Business research economist Dr. Joseph Von Nessen. It estimates that meeting the state’s Drive to 75 goal — having at least 75% of students perform at or above grade level by 2030 — could produce up to $207.9 billion in additional statewide economic activity over the next 35 years, according to the department.
The report also found that each one-point increase in student proficiency could generate $5.3 million in additional annual earnings statewide, and that the state could see $11.5 billion in additional economic activity annually once the full benefits of the Drive to 75 goal are realized, according to the department.
State Superintendent of Education Ellen Weaver and Von Nessen unveiled the findings at Southeastern Freight Lines in Lexington, an event hosted by company President Tobin Cassels and attended by business leaders, educators and students, according to the department.
“The Drive to 75 has always been about more than a number. It’s about ensuring every South Carolina child has the opportunity to reach their full potential,” Weaver said.
“The data suggest that sustained progress toward clear educational goals has the potential to strengthen workforce readiness, increase earnings, and support broader economic growth across South Carolina,” Von Nessen said.
House Speaker Murrell Smith said the report shows that “economic growth and educational excellence are deeply connected.” Greg Thompson, president and CEO of Thompson Construction Group and founding board chairman of Liberty STEAM Charter School, said the findings reflect the direct link between classroom achievement and the state’s ability to attract investment and retain talent.
The analysis drew on 2025 SC READY assessment results along with research connecting standardized test performance to adult earnings, according to the department.
Based on a release from S.C. Dept. of Education.
