One of the primary goals of the Margaret H. Lloyd endowment is to foster the economic growth of the state of the South Carolina through the promotion of scientific advancement. By partnering with the South Carolina SmartState Initiative, Dr. Robert Baldwin, who has served as the Lloyd-SmartState Chair since 2015, is heading the Center for Urban Ecology and Restoration through his work with the Lloyd Project at Hardscramble. Dr. Baldwin and his team are planning to positively impact South Carolina's economic and environmental education standings through their research.
Why SmartState? (Source: SmartState: SC Centers of Economic Excellence)
The SmartState Program builds South Carolina’s competitive advantage. In the new technology-driven economy, states that don’t focus on research, innovation, and commercialization will lose jobs. Legislative action such as the SmartState Program enables South Carolina to attract higher-paying jobs on the merit of the state’s knowledge base and technology transfer capabilities.
The SmartState Program advances South Carolina's efforts to create a vibrant knowledge economy. The SmartState Program actively supports job-creating research in high-growth, high-wage industries that have the power to transform the state’s economy. These industry-focused areas are called Smart Clusters and include Advanced Materials & Nanotechnology, Automotive & Transportation, Biomedical, Energy & Alternative Fuels, Information Science, and Pharmaceutical.
The SmartState Program attracts new federal and private funding for research in South Carolina. The program is a magnet for outside investment. State money for each Center is matched dollar-for-dollar by non-state investors. To date, the program has resulted in more than $1.5 billion dollars in non-state investment into the South Carolina economy.
The SmartState Program recruits world-class scientists and engineers to lead economy-building research programs, establish new companies and educate students. These top-flight scientists help South Carolina stimulate patenting, venture capital investment and the creation of startup companies.
The SmartState Program creates opportunities for South Carolina students who might otherwise leave the state for other universities. New SmartState-inspired graduate programs include automotive engineering, electrochemistry, fuel cell engineering, and mathematical modeling. These graduates are highly sought after employees as well as future researchers and entrepreneurs.
Economic growth is driven by the creation of new technologies, new company formation, the expansion of existing businesses, and job creation. Economic growth doesn't’t just happen. It requires vision, investment and courage.
In 2002, the South Carolina General Assembly had the vision to establish the SmartState Program, funding it with proceeds from the South Carolina Education Lottery. The legislation authorizes the state's three public research institutions—Clemson University, the Medical University of South Carolina and the University of South Carolina—to use state lottery funds to create Centers of Economic Excellence in research areas that will advance South Carolina's economy.
The program also supports SmartState Endowed Chairs, world-renowned scientists and engineers who lead the Centers. By investing in talent and technology, the SmartState Program is fueling the state's knowledge economy and creating high-paying jobs and an improved standard of living in South Carolina.
Natural resources provide the top money-earning potential in the State: Agriculture and Forestry and number 1 and 2 economic forces for a combined 42 billion annually
Outdoor recreation is dependent on clean water and healthy forests including wildlife populations; recent data suggest 1.6 billion dollars is spent in South Carolina on wildlife-related recreation, annually
Top industries attract their talent to the State by advertising beauty of the natural landscapes and these companies contribute to environmental sustainability
BMW-Spartanburg website has an environmental sustainability page that states "Economic growth and quality of life are not mutually exclusive"
Payment for ecosystem services models, being researched by faculty and students of the Lloyd-Smartstate Endowment, can be used to compensate private landowners for clean water they provide to the State's urban areas
Lloyd-SmartState Endowment is dedicated to spreading an environmental message of sustainability that will help the state expand its economy by protecting its vital green infrastructure
Biodiverse and access to natural areas has been shown to correlate with increased measures of individual and community health and well being, especially in children
Lloyd-SmartState endowment is providing the research infrastructure to map and identify those key parts of the landscape that must be conserved to insure continued provision of ecosystem services