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Accommodations taxes collected by the State from the accommodations and tourism industry within the City of Myrtle Beach for the fiscal year ended June 30, 2010 was $7,061,742 of which $6,407,148 was allocated back to the City of Myrtle Beach for tourism related expenditures.

The unemployment rate for calendar year 2009 was 9.6% compared to 5.8% in calendar year 2008.

The number of passengers traveling through the Myrtle Beach International Airport increased 4.2%. Total passengers traveling through the airport were 1,543,120 for fiscal year 2010 compared with 1,481,648 in fiscal year 2009.

Passengers Handled - Myrtle Beach International Airport, 2003-June 2010

900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000

Emplanements Deplanements

0

2003 2004 2005 2006 2007 2008 2009 2010

Figures for the year ended June 30, 2010, indicate that buildings permitted by the City totaled $95,736,514.

Construction Permitted Inside Corporate Limit, 2001-10

500,000,000

400,000,000

300,000,000

200,000,000

100,000,000

0

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

MAJOR INITIATIVES FOR THE YEAR

The City adopted a 1.0% tourism development fee, effectively reducing property taxes for all owner occupied residents and significantly increased funds available for out-of-market advertising and tourism related infrastructure.

The City completed a 1.2 mile landscaped oceanfront boardwalk and promenade connecting to existing piers and providing pedestrian access to commercial, entertainment and accommodations businesses in the downtown area. The project, along with landscaping, underground utility conversion and roadway realignment projects in the area of 1st Avenue North to Withers Swash, was funded by $10,065,000 in limited obligation bonds (secured by taxes collected in the redevelopment area tax increment district).

The City completed several projects at Grand Park, on the former Myrtle Beach Air Force Base. The $6,610,000 recreation facility includes three ball fields, one baseball field control tower, storage buildings, dugouts and restroom facilities. The project was funded primarily by a contribution from the Myrtle Beach Air Force Base Redevelopment Authority.

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