What economic impact does the SMSC have on the surrounding area?
More than $100 million is pumped into the area’s economy each year as a result of the SMSC’s successful enterprises. As the largest employer in the county, the SMSC is a powerful economic force. The SMSC payroll annually is nearly $152 million. Federal taxes paid by SMSC employees are more than $22.5 million, and state taxes are more than $5.5 million annually. The SMSC paid $5.8 million to vendors within Scott County in 2007. The SMSC paid $82 million to all vendors in 2007. The SMSC has spent $300 million on construction projects since 2004. The SMSC annual payroll to Scott County residents is nearly $60 million.
