Issuu

MARKET FACTS 2013 Sponsored by

FROM THE PUBLISHER Publisher - Lisa Jones ljones@scbiznews.com • 864.235.5677, ext. 101 Upstate newsroom Editor - Scott Miller smiller@scbiznews.com • 864.235.5677, ext. 102 Staff Writer - Bill Poovey bpoovey@scbiznews.com • 864.235.5677, ext. 104 Digital Content Editor - Alison Miller amiller@scbiznews.com • 864.235.5677, ext. 103 Graphic Designer - Jean Piot jpiot@scbiznews.com • 864.235.5677, ext. 105 Graphic Designer - Mallory Baxter mbaxter@scbiznews.com • 864.235.5677, ext. 115 midlands newsroom Editor - James T. Hammond jhammond@scbiznews.com • 803.726.7545 Staff Writer - Chuck Crumbo ccrumbo@scbiznews.com • 803.726.7542 Special Projects Editor - Licia Jackson ljackson@scbiznews.com • 803.726.7546 Data Researcher - Elizabeth Fonte efonte@scbiznews.com • 803.726.7544 Data Research Assistant - Micah Witherspoon mwitherspoon@scbiznews.com • 803.726.7547 lowcountry newsroom Managing Editor - Andy Owens aowens@scbiznews.com • 843.849.3142 Senior Copy Editor - Beverly Barfield bbarfield@scbiznews.com • 843.849.3115 Staff Writer - Matt Tomsic mtomsic@scbiznews.com • 843.849.3144 Staff Writer - Liz Segrist lsegrist@scbiznews.com • 843.849.3119 Senior Graphic Designer - Jane Mattingly jmattingly@scbiznews.com • 843.849.3118 Graphic Designer - Andrew Sprague asprague@scbiznews.com • 843.849.3128 UPSTATE Account executives Account Executive - Pam Edmonds pedmonds@scbiznews.com • 864.235.5677, ext. 110 Account Executive - Geoff Humphreys ghumphreys@scbiznews.com • 864.235.5677, ext. 108 Account Executive - Susan Hurst shurst@scbiznews.com • 864.235.5677, ext. 111

Dear Reader, Welcome to our fifth edition of Market Facts: Your map of the Upstate economy. The cover of this year’s Market Facts publication is symbolic of the varied and abundant reams of data and analysis needed as you navigate your business to new economic heights. Market Facts compiles the key data for the Upstate’s largest business sectors into an easy-to-read reference book that can be used time and again throughout the year. Think of Market Facts as a map, and keep it on your desk. Crucial market information can be difficult to find in the sea of data available from numerous sources. Business leaders need to make the most efficient use of their time and having important statistics at their fingertips is essential. Decisionmakers know uncovering new opportunities requires keeping up with business news and trends. Our research, editorial and production team, Licia Jackson, Veronica Watson, Scott Miller, Jean Piot and Alison Miller have pored through the reference materials and done the analysis of key economic indicators in our marketplace. Information has been divided into seven sections for quick access to the data you need — Demographics, Employment & Economic Development, Education, Medical & Health Care, Financial Services, Real Estate & Construction and Business Resources. Each section is color coded and begins with an oversight of the major trends in each sector. Data is shown in easy-to-read graphs, charts and tables with shading and highlighting of important facts, as well as footnotes and explanations of key stats. Our fifth edition of Market Facts also features Profiles in Business, a special advertising supplement that allows Upstate business leaders to share information about their business and connect with you. I believe you will find Market Facts a valuable tool in business planning and research. Market Facts is a useful companion publication to our annual Book of Lists. Pair the largest companies in the Book of Lists with the trend data in Market Facts for a complete view of the region and state’s business community. I want to recognize our title sponsors, CertusBank and Upstate SC Alliance, and all of our section sponsors and advertisers for enabling us to provide this valuable resource for the region’s business leaders and decision-makers.

Lisa Jones, Publisher South Carolina’s Media Engine for Economic Growth

ON THE COVER | Illustration by Jean Piot

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CONTENTS

CONTENTS 4

D E M O GRA P HI CS E M P LOY ME NT & ECONO MIC DEVELOPMEN T

400,000

300,000

(0.71%)

(-0.88%)

(0)

200,000 (+5.39%) (+2.45%)

E D U CATI ON

M E D I CAL & HEA LT H CA R E

F I N AN CIA L SERV I C ES

R E AL ESTAT E & CONST RUCT ION

42 54

BU S IN ESS RESOU RC ES

100,000

$42.9 million

$169.2

Hypertension

million Stroke

$965.6 million

Heart Disease

$131.3

Section sponsors

million

Chronic Lower Respiratory Disease

$76.7 million Diabetes

$289.0 million Cancer

DEMOGRAPHICS

EMPLOYMENT & ECONOMIC DEVELOPMENT

EDUCATION

CCIM Individual Member

MEDICAL & HEALTH CARE

MARKET FACTS | www.gsabusiness.com

FINANCIAL SERVICES

REAL ESTATE & CONSTRUCTION

BUSINESS RESOURCES

ABOUT OUR SPONSORS

TITLE SPONSORS C

ertusBank is pleased to be a title sponsor of the 2013 GSA Market Facts. We are proud to call the Upstate our home, and we deeply value the relationships we’ve made here. We believe the Upstate is an extraordinary place — from the arts to philanthropy to rising startup businesses, Greenville and the surrounding area are home to some of the best and brightest in the nation. We recognize and appreciate the vision of each community leader who had the imagination and drive to make the Upstate what it is today: a modern, high-tech and multicultural region of the country that attracts businesses and individuals from all over. As this area continues to evolve, we are committed to offering sophisticated financial solutions for all of our Upstate neighbors. That means making your banking relationship simple and easy, so you can spend your time doing the things you love that make this place great. We’re more than a bank, we’re your partner — and we’re proud to support the individuals, businesses and organizations in the place we call home.

K. Angela Webb, President, CertusBank

pstate business is our business, so we at the Upstate SC Alliance are proud to sponsor the 2013 GSA Business Market Facts. We are looking forward to another successful year in Upstate South Carolina as we continue our marketing focus on the five key growth areas of advanced materials, aerospace, automotive, biosciences and energy. We hope you find the 2013 GSA Business Market Facts useful as you look to enhance your business this year, and encourage you work along with the Alliance as we position this region for continued economic success.

Hal Johnson, President, CEO, Upstate SC Alliance

www.gsabusiness.com | MARKET FACTS

DEMOGRAPHICS S

et in the scenic beauty of the Appalachian foothills, the Upstate is the state’s manufacturing epicenter, but it also has growing professional services and health care sectors, as well as a budding entrepreneurship base. The cost of living is lower in the Upstate than the national average, though income is too. The total population is near 1.5 million, and it is aging, as the fastest-growing segments of the population are in or nearing retirement age. Additionally, the Upstate is becoming more diverse, with the Hispanic community being the region's fastest growing. The Upstate includes the 10 counties of Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union. Greenville, Spartanburg and Anderson counties are the largest, all falling along Interstate 85, which provides a direct link to Atlanta and Charlotte. Only two Upstate counties posted population declines over the past decade, Abbeville and Laurens. Throughout this book, data identified as Upstate data will include comprehensive information for all 10 counties. In some instances, data is provided for the three largest counties, cities or metropolitan areas only — Greenville, Spartanburg and Anderson — and is identified as such.

Fast facts

23%

10-year population growth in the Upstate’s largest county, Greenville Page 6

$33,673

The per capita income in South Carolina trails the national average Page 8

303%

The Hispanic population is the Upstate’s fastest growing, up more than 300% in the past 10 years. Page 12

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PAGE 4 | MARKET FACTS

Demographics

Upstate's POPULATION

City population

by county and major city

10-year percentage changes given for select counties.

37,334 Cherokee 55,662

60,379 Pickens 119,670

13.80%

Oconee 74,627

23.20% -4.8% 14.30%

-4.10%

notable numbers

1,438,550 23.2% total population

Greenville County was the state's ninth fastest-growing county over the past decade.

51.5%

Greer was the fastest-growing city in the Upstate and second fastest in the state.

Source: U.S. Census Bureau

MARKET FACTS | www.gsabusiness.com

Spartanburg 288,745

26,871

Greenville 467,605

Anderson 189,355

Union 28,252 Laurens 66,223

Abbeville 25,101 Greenwood 69,756

Demographics

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Groceries

Housing

Utilities

Transportation

Spartanburg

Myrtle Beach

The cost of living in Upstate communities compares favorably with other South Carolina cities, as well as other Southeastern cities. Figures are based on a national average of 100.

Greenville

Charleston

The cost of living in S.C.

Anderson

Demographics

Columbia

Health Care

120

100

SOURCE: The Council for Community and Economic Research

Upstate income trails nation

Owning a home Hereâ€™s a look at the home ownership rate for Upstate cities. Anderson. . . . . . . . . . . 50.0% Easley. . . . . . . . . . . . . . 66.5% Fountain Inn. . . . . . . . 74.0%

Greer. . . . . . . . . . . . . . . 62.0% Mauldin . . . . . . . . . . . . 70.7% Simpsonville . . . . . . . . 71.5%

46%

of homes in Greenville, the Upstateâ€™s largest city, are owner-occupied

Spartanburg . . . . . . . . 52.9%

70%

of homes in South Carolina are owner-occupied

Per capita income in the Upstate and South Carolina trails the national average and continues to fall further behind as year-over-year growth has not kept pace with the rest of the U.S. The chart compares per capita income growth in the Upstate's three largest counties with per capita income in the United State and South Carolina, according to the U.S. Bureau of Economic Analysis.

U.S.

South Carolina

Anderson

Greenville

Spartanburg

$41,663 4.3%

$33,673 3.7%

$31,059 3.8%

$37,689 3.5%

$31,670 2.4%

66% of homes in the U.S. are owner-occupied

SOURCE: U.S. Census Bureau

MARKET FACTS | www.gsabusiness.com

Demographics

Upstate population by age With percentage growth by age group over the past decade

aging population The Upstateâ€™s fastest-growing population groups are either in or nearing retirement.

16.7%

200k

7.8%

180k

-4.4%

160k 140k 120k

29.3% 15.3%

100k

10.0%

3.1%

6.3%

12.8%

35.6%

55.7%

80k 10.8% 60k 40k

32.5%

20K

Under 5

5-9

10-14

15-19

20-24

25-34

35-44

45-54

55-59

60-64

65-74

75-84

85+ SOURCE: U.S. Census Bureau

UPSTATE Population by race and ethnicity White

Black

Hispanic/Latino

1,028,639

249,859

74,779

Up 8%

Up 9%

Up 303%

Some other race alone

Two or more races

37,605

21,861

Up 188%

Up 115%

Asian/Native Hawaiian and other Pacific

20,073 Up 61%

American Indian or Alaska Native

3,724 Up 52%

SOURCE: South Carolina Statistical Abstract; U.S. Census Bureau, Census of Population and Housing 2010 and 2000.

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Demographics

Top 10 Largest Employers in the Upstate Ranked by No. of Employees in the Upstate

Phone / Website Email

Employees Local / Statewide / Worldwide

Description / Headquarters

Purchasing Manager

Top Local Official(s) / Year Founded

State of South Carolina P.O. Box 12444 Columbia, SC 29211

803-734-2320 www.sc.gov INP

12,162 58,710 58,715

State government Columbia

Voight Shealy

Nikki Haley 1788

Greenville Health System 701 Grove Road Greenville, SC 29605

864-455-7000 www.ghs.org INP

11,258 11,258 11,258

Not-for-profit health system committed to medical excellence through patient care, research and education Greenville

John Mateka

Michael C. Riordan 1912

Greenville County Schools 1 301 E. Camperdown Way Greenville, SC 29602

864-355-8860 www.greenville.k12.sc.us INP

9,580 9,580 9,580

Public school system Greenville

Eston Skinner Jr.

W. Burke Royster 1951

BMW Manufacturing Co. 1400 S.C. Highway 101 S. Greer, SC 29651

864-989-6000 www.bmwusfactory.com INP

7,000 7,000 100,000

Manufacturer of automobiles Munich

Philip Heinrichsdorff

Josef P. Kerscher 1994

Michelin North America 1 Parkway S. Greenville, SC 29615

864-458-5000 www.michelinman.com INP

6,495 8,520 113,400

Design and manufacturing of tires for vehicles, including airplanes, automobiles, bicycles, earth movers, farm equipment, heavy-duty trucks motorcycles Greenville

Kathy Lyles

Pete Selleck 1898

864-560-7475 www.spartanburgregional.com INP

5,000 5,000 5,000

Three hospitals and multiple facilities Spartanburg

Allen Pendergrass

Bruce Holstien 1921

864-656-3975 www.clemson.edu INP

3,920 4,430 4,549

Public university Clemson

Michael J. Nebesky

James F. Barker 1889

864-255-1000 www.stfrancishealth.org INP

3,900 3,900 3,900

Health care, hospital services, physician network, urgent and after-hours care Greenville

Debbie Ridgeway

Mark S. Nantz, Dan Duggan, Ronnie Hyatt 1932

864-512-1000 www.anmedhealth.org INP

3,417 3,417 3,417

Not-for-profit health system Anderson

Ron Godwin

John A. Miller Jr. 1906

864-503-1565 www.milliken.com brand@milliken.com

3,400 3,700 7,000

Specialty chemicals, floor coverings, composites, performance materials Spartanburg

Dan Sistrunk

Joe Salley 1865

Company

Spartanburg Regional Healthcare System 101 E. Wood St. Spartanburg, SC 29303 Clemson University 201 Sikes Hall Clemson, SC 29634 Bon Secours St. Francis Health System 1 St. Francis Drive Greenville, SC 29601 AnMed Health 800 N. Fant St. Anderson, SC 29621 Milliken & Co. 920 Milliken Road Spartanburg, SC 29303

INP=Information not provided. Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com, fax to 803-726-7404 or go to www.tinyurl.com/joinourlists.

Researched by Micah Witherspoon

www.gsabusiness.com | MARKET FACTS

Employment & economic development J

ob creation is expected to grow 1.2% statewide in 2013, according to researchers with the University of South Carolina. That would be down slightly from about 2% in 2012. In past years, the manufacturing sector has paced job growth in South Carolina, particularly in the Upstate, where the economy is driven by the automotive sector. But this year, hiring in the manufacturing sector has been flat, state data shows. The construction industry, however, has begun to show long-awaited job gains as the housing sector benefits from employment gains seen in 2012. The hospitality industry also has experienced job gains statewide. Unemployment in the Upstate is typically lower than the state average. Through the first part of 2012, Upstate economic development agencies had announced the creation of 870 jobs with more than $300 million invested by companies here. Through May, job growth in South Carolina was up 1.1%, according to state figures.

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Fast facts

South Carolina’s unemployment rate hit a 5-year low at 8% in May Page 16

$303.8M

Companies are investing in the Upstate this year, $303.8 million so far Page 18

27th

Greenville is the nation’s 27th largest export market Page 20

EMPLOYMENT & ECONOMIC DEVELOPMENT

Employment by sector *Shows statewide employment by select sector with year-over-year percentage gains

(+1.23%)

(+0.71%)

400,000

300,000

(+4.10%)

(-0.88%)

(0)

(+0.62%)

200,000 (+5.39%) (+2.45%) 100,000

CONSTRUCTION

Manufacturing

Trade, transportation and utilities

Financial services

Professional services

Education and health

Hospitality

government SOURCE: S.C. Department of Employment and Workforce, May report, latest available

South Carolinaâ€™s Annual Unemployment Ranking in U.S. Rates as of May 2013, the latest available

S.C. U.S. 12%

10%

County-level unemployment

6.2% Greenville

7.3% Anderson

7.7% Spartanburg

0% 2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Source: U.S. Department of Labor Statistics. 2013 figures are as of May, the latest available

MARKET FACTS | www.gsabusiness.com

EMPLOYMENT & ECONOMIC DEVELOPMENT

2013 Upstate job announcements Figures through the first half of the year; Listed by date announced, starting in January

County

Company

Capital Investment

Greenville Tigges USA LLC Greenville in-tech Automotive Engineering Greenville Integro Earth Fuels Pickens TaylorMade Golf Co. Anderson McLaughlin Body Co. Anderson SMF Inc. Laurens Alupress LLC Spartanburg A.L. Industries Inc. Oconee Technology Solutions of S.C. Inc. Greenville ACS Cherokee Bericap USA Anderson Michelin N.A. Spartanburg Jeffrey Rader Corp. Greenville SC Tool Inc. Greenville Carbures Spartanburg Contec Inc.

Jobs

$1.5 million N/A N/A $13 million $22 million $5.8 million $19.9 million $3.6 million $1.5 million N/A $29 million $200 million N/A $1.25 million N/A $6.25 million

Industry

5 Industrial 20 Automotive 35 Energy N/A Sporting Goods 250 Automotive 146 Industrial — Metal Fabrication 57 Industrial — Aluminum Castings 80 Automotive 7 Energy 10 Automotive 50 Advanced Materials 100 Advanced Materials N/A Energy 30 Industrial Totals: » 16 Companies 20 Aerospace 60 Advanced Materials » $303.8M

» 870 jobs

Source: Upstate SC Alliance

5 years of economic development Announcements from Upstate economic development groups

Companies

Investments

100

Jobs

$3B

7,000

$2.25B

$1.5B

3,500

$750M

2008

2009

2010

2011

2012

2008

2009

2010

2011

2012

2008

2009

2010

2011

2012

SOURCE: Upstate S.C. Alliance

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EMPLOYMENT & ECONOMIC DEVELOPMENT

Among nationâ€™s largest exporters

Top exports for the Greenville metro area

Stats are for the Greenville-Mauldin-Easley metropolitan statistical area in 2012

$12.3 billion

Plastics and rubber products, machinery, computer and electronic products, chemicals and transportation equipment.

4.7%

Increase from 2011

Merchandise value exported

51%

Of S.C. exports originated in the Upstate Top destinations for exports

27th

China, Mexico, Canada, the United Kingdom and Germany.

Largest export market in the U.S.

Vehicle sales start strong in 2013 16 million

With a strong June, automakers are on pace to sell nearly 16 million new vehicles this year.

3.8%

If that rate holds, the auto industry would be 3.8% ahead of 2012 sales figures.

11.2%

Economists are particularly encouraged by the 11.2% increase in light-truck sales through June, which they say signal a pickup in commercial activity. SOURCE: Motor Intelligence, Autodata Corp.

Mixed results for made-in-S.C. Bimmers

The automotive sector is a significant driver of the Upstate economy. Year to date, BMW Group reported a 9% increase in U.S. sales for the first six months of the year. Here are results for the models made in South Carolina.

BMW X3

14,417

(-1.2%)

BMW X5

19,981

(+7.4%)

BMW X6

2,836

(-1.4%) SOURCE: BMW Group, year-to-date sales through June

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EDUCATION T

he Upstate has 23 public school districts with 325 schools and 213,861 students. The Upstate also is home to one of South Carolina’s three research universities — Clemson University — as well as the public teaching institutions the University of South Carolina Upstate and Lander University. Several private institutions are located in the Upstate as well. Additionally, four of the state’s 16 technical colleges reside in the Upstate — Greenville Technical College, Piedmont Technical College, Spartanburg Community College and Tri-County Technical College. Several universities, including Clemson, USC Upstate and SCC, have added campuses in their urban business districts recently, while technical colleges are expanding partnerships with the industrial sector. Enrollments are growing, at both four-year universities and tech colleges, as the Upstate community works to promote post-secondary education to more residents. technicalcolcontinue to expand their workforcetraining initiatives with the Upstate industrial sector.

Fast facts

29.6%

The percentage of Greenville County residents with a bachelor’s degree. Page 24

The number of school districts in the Upstate. Page 26

32%

The percentage of technical college graduates who receive health sciences degrees. Page 27

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PAGE 22 | MARKET FACTS

Education

Educational attainment in the Upstate Here’s how the Upstate’s top three counties measure up to national educational attainment.

High school diplomas

79.4%

86.9%

81.8%

Anderson

Greenville

85.4%

Spartanburg U.S.

Bachelor’s degree or higher

19.6%

29.6%

20.7%

Anderson

Greenville

28.2%

Spartanburg U.S. SOURCE: U.S. Census, 2011 data, the latest available

College enrollment

5-year change from 2008 to 2012

Undergraduate enrollment at public universities and two-year technical colleges

tech colleges

universities 12.60% 18K

18K

16K

14K

12K

10K

8.60%

8K 6K 4K

Lander

SOURCE: South Carolina Commission on Higher Education

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31.90%

28.40%

Piedmont Tech

Spartanburg Community College

15.60%

16.20%

Clemson

-3.50%

USC Upstate

Greenville Tech

Tri-County Tech

Education

Degrees Awarded by Public Institutions 2010-2011

7,041

College Tuition Costs

Tuition has been rising annually at South Carolinaâ€™s three research universities

$15,000

MUSC** Clemson USC Columbia*

$14,000 $13,000 $12,000 $11,000

4,518

$10,000 $9,000 $8,000

797 2008-09

2009-10

2010-11

2011-12

2012-13

SOURCE: S.C. Commission on Higher Education for public universities

Medical University of S.C.

Clemson

USC Columbia

* Excludes medicine, law and pharmacy ** Excludes medicine, dentistry and pharmacy; includes nursing and health professions only

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Education

23 Upstate School Districts Teachers with Amount SAT School Advanced Spent per Enrollment Scores District Degrees Pupil Abbeville Anderson 1 Anderson 2 Anderson 3 Anderson 4 Anderson 5 Cherokee Greenville Greenwood 50 Greenwood 51 Greenwood 52 Laurens 55 Laurens 56 Oconee Pickens Spartanburg 1 Spartanburg 2 Spartanburg 3 Spartanburg 4 Spartanburg 5 Spartanburg 6 Spartanburg 7 Union

3,150 9,276 3,659 3,585 2,875 12,559 9,088 72,156 9,094 1,007 1,712 5,941 3,050 10,546 16,548 5,101 9,970 2,956 2,862 7,695 10,660 7,160 4,193

64.00% 64.70% 53.10% 57.50% 62.60% 60.60% 61.90% 60.40% 65.90% 55.20% 58.10% 60.80% 58.20% 63.40% 63.80% 69.80% 63.10% 65.40% 69.00% 70.40% 72.60% 70.50% 63.10%

$9,370 1349 $6,829 1512 $7,685 1478 $8,163 1458 $9,779 1422 $8,037 1479 $8,304 1380 $7,257 1455 $8,367 1390 $9,507 1405 $8,870 1388 $8,141 1352 $9,083 1301 $9,966 1446 $7,733 1541 $8,650 1453 $7,307 1472 $9,484 1426 $7,434 1426 $8,862 1449 $7,877 1449 $10,989 1477 $6,961 1332

SOURCE: S.C. Department of Education

The average teacher salary at Spartanburg 7 is $50,425, the highest among Upstate districts.

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Pickens students posted the Upstateâ€™s highest composite SAT score at 1541 out of 2400.

Education

Graduation Rates

Chart shows the most recent graduation rates for the stateâ€™s public research and comprehensive teaching institutions. First-time freshmen are given six years to complete their undergraduate degrees.

S.C. Tech COLLEGES

The state has 16 technical colleges, including four in the Upstate: Greenville Technical College, Tri-County Technical College, Piedmont Technical College and Spartanburg Community College.

Clemson. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76.2% USC Columbia . . . . . . . . . . . . . . . . . . . . . . . . . . . 67.6% The Citadel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71.8% Coastal Carolina . . . . . . . . . . . . . . . . . . . . . . . . . 43.0% College of Charleston. . . . . . . . . . . . . . . . . . . . . 66.1% Francis Marion. . . . . . . . . . . . . . . . . . . . . . . . . . . 40.0% Lander. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42.2% S.C. State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39.3% USC Aiken. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.0% USC Beaufort. . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.7% USC Upstate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.6% Winthrop. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54.5%

98,318 students are enrolled statewide.

SOURCE: South Carolina Higher Education Statistical Abstract 2011

32% of the graduates received health sciences degrees.

52% of all undergraduates in public higher education

during the fall 2011 semester were enrolled at one of the colleges within the S.C. Technical College System.

16,338 students graduated from a technical college following the 2010-11 school year.

SOURCE: S.C. Technical College System

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Medical & health care F

our of the Upstate’s top-10 employers are health care providers — Greenville Health System, 11,258 employees; Spartanburg Regional Healthcare System, 5,000; Bon Secours St. Francis Health System, 3,900; and AnMed, 3,417. And each of those institutions has expanded recently with new facilities and partnerships. One of those expansions is the creation of a new four-year medical school, a partnership between Greenville Health System and the University of South Carolina. Local business, community and political leaders have heralded the school as an attraction to more health care providers and medical research companies. Additionally, the school is expected to educate more young talent to, hopefully, remain in the Upstate, which like other regions faces a shortage of physicians. Increased levels of care are needed. South Carolina’s population scores poorly in national health rankings on obesity, diabetes, heart disease and other measures. Additionally, the percentage of the population with health insurance has declined in the past 10 years.

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Fast facts

No. 45

South Carolina ranks poorly for overall health. Page 30

$965.6M

Heart disease is the most costly chronic condition in the Upstate. Page 30

77.5%

The percentage of the state’s population with health insurance has declined to 77.5%. Page 31

MEDICAL & HEALTH CARE

The High costs of chronic conditions

$42.9

Figures at right show medical costs for the Upstate’s 10 counties in 2011, the latest data available from the S.C. Department of Health and Environmental Control.

$169.2

An unhealthy state

Select national rankings of South Carolina’s health — No. 1 is best; 50 is worst

million

Hypertension

million Stroke

No. 45

South Carolina’s overall health ranking

No. 34

191.5 cancer deaths per 100,000 residents

No. 31

$965.6

4.3% of adults have cardiac heart disease

No. 42

million

Heart Disease

30.8% of adults are obese

No. 49

12.1% of adults have diabetes

No. 44

41.6% of adults have high cholesterol

No. 24

$131.3 million

Chronic Lower Respiratory Disease

61.2 preventable hospitalizations per 1,000 Medicare enrollees

$76.7

No. 8

million Diabetes

15% of adults binge drink

No. 31

$66 in public money spent per person annually on health care

No. 40

7.6 infant deaths per 1,000 live births SOURCE: United Health Foundation

need to eat better, exercise South Carolinians are more likely to seek medical exams like cholesterol checks but do not eat as healthy or exercise as often as the rest of the nation, according to the United Health Foundation.

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$289.0 million Cancer

MEDICAL & HEALTH CARE

Comparative cost of health insurance

Georgia North Carolina South Carolina United States

How South Carolina insurance rates and related costs compare to neighboring Southeastern states.

Single Employee contribution

Employer contribution

Employeeâ€™s percentage

$1,400

$4,200

24%

$1,300

$4,100

23%

$1,200

$4,000

22%

$1,100

$3,900

21%

$1,000

$3,800

20%

Family Employee contribution

Employer contribution

Employeeâ€™s percentage

$5,000

$12,000

40%

$4,500

$11,000

35%

$4,000

$10,000

30%

$3,500

$9,000

25%

$3,000

$8,000

20%

SOURCE: Kaiser Family Foundation

Health insurance coverage declining

2000 2010

Percentage of population statewide with health insurance

State

Male

25%

50%

75%

100%

U.S.

White

25%

50%

75%

100%

Female

25%

50%

75%

100%

25%

50%

25%

50%

75%

100%

75%

100%

Black

25%

50%

75%

100%

SOURCE: U.S. Census Bureau

www.gsabusiness.com | MARKET FACTS

Financial Services I

Fast facts

n five years, there has been 26% turnover in banks operating in South Carolina, according to analysis of Federal Deposit Insurance Corp. data. That is, 28 of the 107 here in 2007 either abandoned the market, merged into another company, or were closed and sold by federal regulators. They’ve been replaced, as there are still 106 banks operating here. New names dot the streetscape: TD Bank; Fifth Third; BNC Bank; Park Sterling Bank; Bank of the Ozarks; CertusBank and United Community Bank. Others have faded away: Carolina First; Bank Meridian; Community Capital; Atlantic Bank and Trust; CommunitySouth; Beach First National; and others. The trend has not favored homegrown, locally owned banks. In 2006, there were 95 insured banks headquartered in South Carolina. Today, there are 71, a number analysts expect to drop as the industry continues to consolidate. In February, SCBT of Columbia and First Financial Holdings Inc. of Charleston announced a merger that would create a $5 billion institution, one of the largest in the Palmetto State.

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14%

The percentage of S.C. banks that are unprofitable has dropped considerably Page 34

»$188

million

SBA lending, at $188 million through the first three quarters of 2013, is on pace to break a record this year Page 38

$2.6 billion

That’s the reported transaction value of M&A deals in South Carolina last year Page 40

FINANCIAL SERVICES

South Carolina banking trends Data as of March 31, the earliest available, with year-over-year changes for insured banks

71 Banks 9,430 Employees $23.2B Loans $31.6B Deposits (-5)

(-0.4%)

(+350)

Percent of unprofitable banks

(+0.6%)

Boosting profits

Percentages for the second quarter of each year

Cumulative 2nd quarter totals for insured banks in S.C.

$50M $20M

35%

31%

2010

2011

18%

14%

2012

2013

-$172M

2010

2011

2012

2013

SOURCE: Federal Deposit Insurance Corp.

Market movers

The chart shows three-year gains or losses in market share for the 10 largest banks in the Greenville MSA.

Institution

Market share change

Total share

Wells Fargo Bank, National Association

0.88%

14.50%

Branch Banking and Trust Co.

2.60%

12.58%

Bank of America, National Association

0.92%

11.88%

SunTrust Bank

0.93%

8.30%

TD Bank, National Association

1.15%

7.75%

First Citizens Bank and Trust Co. Inc.

1.78%

6.59%

The Palmetto Bank

-0.04%

4.77%

SCBT National Association

2.78%

3.90%

Bank of Travelers Rest

0.39%

2.48%

Greenville First Bank

0.00%

2.47%

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SOURCE: Federal Deposit Insurance Corp.

FINANCIAL SERVICES

Banks in the Upstate Ranked by Market* Share Institution

Phone / Website

Market Share

Market Deposits

Market Offices

Top Local Official(s) / Year Founded

Wells Fargo & Co. 15 S. Main St., Greenville, SC 29601

800-869-3557 www.wellsfargo.com

14.39%

$2,888,536,000

Ethan Burroughs, Brian A. Rogers 1852

Bank of America N.A. 101 N. Main St., Greenville, SC 29609

864-271-5787 www.bankofamerica.com

11.27%

$2,261,417,000

Kim A. Wilkerson, Brian Jones 1904

BB&T (Branch Banking & Trust Co.) 301 College St., Greenville, SC 29601

864-242-8000 www.bbt.com

11.00%

$2,208,515,000

Tom Eller 1872

SunTrust Bank 300 E. McBee Ave., Greenville, SC 29601

864-255-7127 www.suntrust.com

7.50%

$1,504,814,000

David Torris 1891

TD Bank N.A. 104 S. Main St., Greenville, SC 29601

864-552-9069 www.tdbank.com

6.68%

$1,339,778,000

David Lominack 1852

864-255-3700 www.firstcitizensonline.com

6.65%

$1,333,998,000

Jimmy Gulledge 2006

864-984-4551 www.palmettobank.com

5.21%

$1,045,049,000

Samuel E. Erwin 1906

SCBT 200 E. Broad St., Suite 100, Greenville, SC 29601

864-250-4455 www.scbtonline.com

3.63%

$729,090,000

Mike Coggin, Andy Westbrook 1933

Community First Bank Inc. 3685 Blue Ridge Blvd., Walhalla, SC 29691

864-638-2105 www.c1stbank.com

2.18%

$436,525,000

Frederick D. Shepherd Jr. 1990

864-834-9031 www.bankoftravelersrest.com

2.11%

$422,880,000

R. Bruce White 1946

864-427-1213 www.arthurstatebank.com

2.10%

$421,000,000

J. Carlisle Oxner III 1933

864-679-9000 www.greenvillefirst.com

2.09%

$420,195,000

R. Arthur Seaver Jr. 2000

800-596-7100 www.certusbank.com

2.06%

$413,601,000

Walter L. Davis 2011

864-941-8200 www.parksterlingbank.com

1.80%

$361,595,000

E. Dixon Harrill Jr. 2006

864-770-1000 www.grandsouth.com

1.50%

$300,972,000

Mason Y. Garrett, Ronald K. Earnest 1998

864-882-2765 www.oconeefederal.com

1.48%

$297,904,000

T.R. Evatt 1924

864-241-7900 www.banknbsc.com

1.41%

$283,313,000

Charles W. Garnett, Gary "Neal" Kyber 1905

864-877-2000 www.greerstatebank.com

1.41%

$282,076,000

R. Dennis Hennett 1989

864-233-7989 www.regions.com

1.33%

$266,556,000

Christopher Riley, Trip Lacoste 1928

864-595-0455 www.firstsouthbancorp.com

1.22%

$244,598,000

Barry L. Slider 1996

Countybank 419 Main St., Greenwood, SC 29646

864-942-1500 www.ecountybank.com

1.21%

$241,991,000

R. Thornwell Dunlap III 1933

First Piedmont Federal Savings & Loan Association of Gaffney 1229 W. Floyd Baker Blvd., Gaffney, SC 29341

864-489-6046 www.firstpiedmont.com

1.10%

$221,161,000

Ken Potter, Eddie Oliver 1933

Capital Bank N.A. 215 N. Pine St., Spartanburg, SC 29302

864-948-9001 www.capitalbank-us.com

1.09%

$217,958,000

Rick Manley 2010

The Peoples Bank 801 E. Front St., Iva, SC 29655

864-348-6181 www.peoplesbanksc.com

1.06%

$212,171,000

Shawn McGee 1951

864-208-2265 www.carolinaalliancebank.com

1.00%

$201,355,000

John S. Poole 2007

864-271-4002 www.firstfederal.com

0.99%

$199,022,000

INP 1934

864-228-2035 www.providentonline.com

0.88%

$175,694,000

John T. Poole Jr. 1934

Cornerstone National Bank 1670 E. Main St., Easley, SC 29640

864-306-1444 www.cornerstonenatlbank.com

0.68%

$136,295,000

Rodger Anthony 1999

The Commercial Bank 4 Church St., Honea Path, SC 29654

864-369-7326 www.thecommercialbanksc.com

0.66%

$132,748,000

J. Allard Young 1934

Pinnacle Bank of South Carolina 937 N. Pleasantburg Drive, Greenville, SC 29606

864-233-6915 www.pinnaclebanksc.com

0.53%

$105,741,000

David Barnett 2006

BankGreenville B 499 Woodruff Road, Greenville, SC 29607

864-335-2200 www.bankgreenville.com

0.48%

$96,532,000

Russel T. Williams 2006

864-672-1776 www.independencenb.com

0.48%

$96,469,000

Lawrence R. Miller 2005

Citizens Building & Loan Association 229 Trade St., Greer, SC 29651

864-877-2054 www.cblgreer.com

0.48%

$95,873,000

Tommy Johnson 1907

Blue Ridge Bank 100 E. Main St., Walhalla, SC 29691

864-638-5444 www.brbwal.com

0.47%

$94,973,000

Glenn D. Buddin Jr. 1957

864-488-2265 www.americancommunitybank.com

0.44%

$88,656,000

George Searle 1968

864-878-2444 www.pickenssavingsandloan.com

0.40%

$80,878,000

Alex Gettys 1920

Woodruff Federal Savings & Loan Association 247 N. Main St., Woodruff, SC 29388

864-476-8144 www.woodrufffederal.com

0.33%

$67,228,000

Steve R. Scott 1934

Abbeville Savings & Loan SSB 209 S. Main St., Abbeville, SC 29620

864-366-2158 www.abbevillesavings.com

0.28%

$56,374,000

INP INP

864-250-9800 www.bankofnc.com

0.19%

$38,924,000

R. Charles Eldridge Jr. 1991

864-286-5737 www.amerisbank.com

0.11%

$22,909,000

Barry Starling 1971

864-282-1600 www.pnc.com

0.06%

$12,697,000

Matt Gearhart 1990

864-676-0090 www.woodforest.com

0.06%

$12,011,000

INP 1958

First Citizens Bank & Trust Co. Inc. 325 W. McBee Ave., Greenville, SC 29601 The Palmetto Bank 306 E. North St., Greenville, SC 29601

Bank of Travelers Rest 42 Plaza Drive, Travelers Rest, SC 29690 Arthur State Bank 100 E. Main St., Union, SC 29379 Southern First Bank N.A. 100 Verdae Blvd., Suite 100, Greenville, SC 29607 CertusBank N.A. 6602 Calhoun Memorial Highway, Easley, SC 29640 Park Sterling Bank 300 N. Main St., Suite 203, Greenville, SC 29601 GrandSouth Bank 380 Halton Road, Greenville, SC 29607 Oconee Federal Savings & Loan Association 115 E. N. Second St., Seneca, SC 29678 NBSC, a division of Synovus Bank 201 E. McBee Ave., Greenville, SC 29601 Greer State Bank 1111 W. Poinsett St., Greer, SC 29650 Regions Bank 290 S. Pleasantburg Drive, Greenville, SC 29607 First South Bank 1450 John B. White Sr. Blvd., Spartanburg, SC 29306

Carolina Alliance Bank 200 S. Church St., Spartanburg, SC 29306 First Federal Bank 1818 Augusta St., Greenville, SC 29605 Provident Community Bank N.A. 116 N.E. Main St., Simpsonville, SC 29681

Independence National Bank 500 E. Washington St., Greenville, SC 29601

American Community Bank, a div. of Yadkin Valley Bank & Trust Co. 217 N. Granard St., Gaffney, SC 29341 Pickens Savings & Loan Association F.A. 205 E. Cedar Rock St., Pickens, SC 29671

BNC Bank 550 E. McBee Ave., Greenville, SC 29601 Ameris Bank 1614 Woodruff Road, Greenville, SC 29607 PNC Bank N.A. 531 S. Main St., Suite 100, Greenville, SC 29601 Woodforest National Bank 1451 Woodruff Road, Greenville, SC 29607

*Market includes Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union counties. INP=Information not provided. Source: Federal Deposit Insurance Corp. deposit market share report as of June 30, 2012. View this list online at www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com, fax to 803-726-7404 or go to www.tinyurl.com/joinourlists. B BankGreenville Financial Corp. announced May 6, 2013, it would merge with HomeTrust Bancshares Inc.

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Researched by GSA Business staff

FINANCIAL SERVICES

SBA Lending in the Upstate

SBA lending on pace for another record in 2013

Figures for the SBAâ€™s flagship 7(a) loan program in Greenville, Spartanburg and Anderson counties

Figures represent statewide data through June of the agencyâ€™s current fiscal year, which ends Sept. 30. Loans for both the 7(a) and 504 programs are included.

First 9 months of FY2013

$50M 60 loans

$188 million

$40M

$30M

137 loans

126 loans

137 loans

100 loans 71 loans

$20M

67 loans

All of FY2012

$223 million

$10M

2006

2007

2008

2009

SOURCE: U.S. Small Business Administration, South Carolina District Office

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2010

2011

2012

That was an 11.6% increase and an annual record. SOURCE: U.S. Small Business Administration, South Carolina District Office

FINANCIAL SERVICES

South Carolina SBA Lenders

Ranked by the Value of Small Business Administration 7(a) Loans, FY2012 Phone / Website

SBA Loans: $ Value / No.

No. of S.C. Branches

Top Local Official(s) / Year Founded

864-552-9069 www.tdbank.com

$24,898,700 37

David Lominack 1852

Business Carolina (BCI Lending) 728 N. Pleasantburg Drive, Greenville, SC 29607

864-232-3674 www.bcilending.com

$11,010,000 14

Logan H. Bagley 1992

Wells Fargo & Co. 15 S. Main St., Greenville, SC 29601

800-869-3557 www.wellsfargo.com

$10,950,900 42

146

Ethan Burroughs, Brian A. Rogers 1852

864-255-7127 www.suntrust.com

$9,994,200 10

David Torris 1891

912-629-2900 www.quadrant-financial.com

$9,456,000 6

Brian R. Foster, John Handmaker, George Vredeveld Jr. 2002

855-226-5285 www.bankofatlanta.com

$8,475,000 4

John W. Jackson 1966

803-798-4064 www.bdcofsc.org

$8,379,900 28

Edwin O. Lesley 1958

Bank of Travelers Rest 42 Plaza Drive, Travelers Rest, SC 29690

864-834-9031 www.bankoftravelersrest.com

$7,919,000 9

R. Bruce White 1946

South Atlantic Bank 630 29th Ave. N., Myrtle Beach, SC 29577

843-839-0100 www.southatlanticbank.com

$7,050,000 2

R. Scott Plyler 2007

864-242-8000 www.bbt.com

$7,038,500 31

116

Tom Eller 1872

919-314-3040 www.square1financial.com

$5,000,000 1

Doug Bowers 2005

801-363-6500 www.celticbank.com

$4,691,200 4

Phil Ware 2001

877-890-5867 www.liveoakbank.com

$4,575,000 8

James S. Mahan III 2007

864-984-4551 www.palmettobank.com

$4,000,000 4

Samuel E. Erwin 1906

870-863-7000 www.ffb1.com

$3,593,000 6

Tim Cleaver 1934

Company TD Bank N.A. 104 S. Main St., Greenville, SC 29601

SunTrust Bank 300 E. McBee Ave., Greenville, SC 29601 Quadrant Financial, a subsidiary of First Chatham Bank B 111 Barnard St., Savannah, GA 31401 Bank of Atlanta 1349 W. Peachtree St., Suite 100, Atlanta, GA 30309 Business Development Corp. of S.C. 111 Executive Center Drive, Suite 225, Columbia, SC 29210

BB&T (Branch Banking & Trust Co.) 301 College St., Greenville, SC 29601 Square 1 406 Blackwell St., Suite 240, Durham, NC 27701 Celtic Bank 268 S. State St., Suite 300, Salt Lake City, UT 84111 Live Oak Banking Co. 2605 Iron Gate Drive, Suite 100, Wilmington, NC 28412 The Palmetto Bank 306 E. North St., Greenville, SC 29601 First Financial Bank 214 N. Washington, El Dorado, AR 71730

INP=Information not provided. Fiscal year 2012 (Oct. 1, 2011, to Sept. 30, 2012) totals provided by S.C. Small Business Administration. INP=Information not provided. View this list online at www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com, fax to 803-726-7404 or go to www.tinyurl.com/joinourlists. B Quadrant Financial was sold to CertusBank N.A. of Greenville in October 2012.

Researched by Elizabeth Fonte

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FINANCIAL SERVICES 2012 A recap of 2012 mergers and acquisitions involving

M&A REPORT

companies or assets in South Carolina in 2011, based on data from S&P Capital IQ.

143 M&A deals

Most active buyers in S.C. Based on number of deals closed in 2012

$2.6B reported transaction value

3D Systems (Rock Hill)

2013 begins with a big one

SC Launch (Columbia)

based SCBT Financial Corp. and First Financial Holdings Inc. of Charleston.

Greystar Real Estate Partners (Charleston)

D&W Fine Pack (Fountain Inn)

M&A activity began strong in 2013 with the $302 million merger of ColumbiaThe deal created one of the state's largest banks with more than $5 billion in deposits and 115 branches in South Carolina. Analysts have expected more consolidation like this in the banking industry in South Carolina.

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FINANCIAL SERVICES

Top 5 Acquisitions By South Carolina-based companies in 2012

$642M Bi-Lo Inc. of Mauldin buys Winn-Dixie Stores on March 9, later relocates headquarters to Florida.

$169M Greystar Real Estate Partners of Charleston buys multiple California properties on Jan. 12.

$137M 3D Systems Corp. of Rock Hill buys Z Corp. and Vidar

Another deal for Kemet Kemet Corp., which had one of the five largest acquisitions by a South Carolinabased company last year, also has one of the biggest so far in 2013. The Upstate company acquired a 34% stake in Nec Tokin of Tokyo for $50 million.

Systems Corp. on Jan. 3.

$75M Kemet Corp. of Simpsonville buys Niotan Inc. of Nevada on Feb. 21.

$71M Greystar Real Estate Partners of Charleston acquires a Seattle apartment complex on Jan. 17.

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Real estate & Construction H

ousing data at the midpoint of 2013 had economists optimistic about the remainder of the year heading into 2014. The U.S. is on pace to build nearly 1 million homes this year, according to the latest data from the U.S. Census Bureau. That would be an increase of 20.8% this year. In the Upstate, housing starts are posting double-digit percentage increases from a year ago. Home sales are up, as are prices, though foreclosures remain high. Construction jobs, meanwhile, have posted gains as a number of large commercial projects are in the works, including hotels and mixed-use developments. With new product entering the market, more older buildings are being vacated. State lawmakers approved a tax credit this year to incentivize the redevelopment of abandoned commercial properties.

Fast facts

62%

Âť

The issuance of residential building permits is up 62% in spartanburg Page 44

$152,000

Âť

median home sales prices are up 4% this year as the residential market continues to improve Page 46

Âť

the industrial vacancy rate has dropped the past three quarters to 9% Page 52

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REAL ESTATE & CONSTRUCTION

Building Value

U.S. housing starts up 6.8%; recovery continues Residential building permits year to date through May, compared with the same period in 2012

Dollar value of building permits issued in the Upstate

$700M

1,153

$600M

(up 24%)

$500M

416

$400M

(up 62%)

$300M

193

(up 37%)

$200M

$100M

Greenville

Spartanburg

Anderson

2007

2008

2009

2010

2011

SOURCE: U.S. Census, figures are for building permits by metropolitan statistical area through May, the latest available

SOURCE: U.S. Census Bureau

Upstate apartments in demand Cumulative figures for the Greenville, Spartanburg and Anderson markets

Units added

2012

Vacancies down; prices up While more apartments are in the pipeline (shown on the chart) vacancy rates have dropped from 10.3% to 7.3% and average rent prices are up from $647 to $749 over the past three years.

Units to come*

3,000 2,750 2,500 2,250 2,000 1,750 1,500 1,250 1,000 750 500 250 May 2008

Nov. 2008

May 2009

Nov. 2009

May 2010

Nov. 2010

May 2011

Nov. 2011

May 2012

Nov. 2012

May 2013

*Number of units either under construction or proposed SOURCE: Real Data, Greenville Apartment Index, June 2013, www.aptindex.com.

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REAL ESTATE & CONSTRUCTION

Homes selling faster, at higher prices in S.c.

“We’re halfway through the year and it seems our collective attention has shifted from monitoring price and sales gains to eagerly anticipating more new listing activity on the part of sellers.”

– S.C. Realtors

18.8%

4.0%

Year-over-year gain in closed sales for the first five months of 2013

Year-over-year gain in statewide median sales price of $152,000

8.5%

123 Average number of days on the market, 17 fewer days than a year ago.

Decline in statewide inventory

SOURCE: S.C. Realtors, year to date through May, the latest data available

Upstate posts double-digit sales gains

Sales

Median price

Greenville

4,529 (Up 26.1%)

$151,962 (Up 4.8%)

Spartanburg

1,711 (Up 27.3%)

$120,000 (Up 4.3%)

Western Upstate

1,608 (Up 12.8%)

$132,000 (Up 5.6%)

SOURCE: S.C. Realtors, figures are year to date through June, the latest available

S.C. foreclosures dropping but still high Figures for January through June

In S.C. 16,922 foreclosures during first six months of 2013 12.7% decline from a year ago 1 of 125 homes in foreclosure 7th highest foreclosure rate In the U.S. 801,538 foreclosures 23.4% decline 1 of 164 homes in foreclosure

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REAL ESTATE & CONSTRUCTION

Number of closed sales in S.C.

53,375

52,639 47,708

47,984

2008 2009 2010

Comparison of S.C. housing market from 2008 - 2012 2008

2012

$211,389

$194,933

Average price

$159,860

$150,000

Median price

122

135

Days on market until sale

95.7%

94.9%

% of list price received

47,437

2011

2012

SOURCE: South Carolina Association of Realtors, 2012 Annual Report

Residential Real Estate Firms Ranked by 2012 Residential Sales Volume Company Prudential C. Dan Joyner Co. 745 N. Pleasantburg Drive Greenville, SC 29607 Coldwell Banker Caine 111 Williams St. Greenville, SC 29601 Re/Max Realty Professionals Inc. B 600 Independence Blvd. Greenville, SC 29615 Allen Tate Realtors 88 Villa Road Greenville, SC 29615 Better Homes & Gardens Young & Co. 8291 Warren H. Abernathy Highway Spartanburg, SC 29301 1st Choice Realty 1209 Stamp Creek Road Salem, SC 29676 Joy Real Estate Co. Inc. 309 E. Butler Road Mauldin, SC 29662 The Marchant Co. Inc. 100 W. Stone Ave. Greenville, SC 29609 Carol Pyfrom Realty 403 Parker Ivey Drive Greenville, SC 29607 The Reserve at Lake Keowee 190 Village Green Loop Sunset, SC 29685 Shelton Properties 208 N. Logan St. Gaffney, SC 29341 Carolina Real Estate 392 College Ave. Clemson, SC 29631 Gibbs Realty & Auction Co. Inc. 4891-D S.C. Highway 153 Easley, SC 29642

Phone / Website Email

2012 Sales: Volume / No.

Realtors / Current Listings Upstate Offices

Broker(s) in Charge / Year Founded

864-242-6650 www.cdanjoyner.com INP 864-250-2850 www.cbcaine.com info@cbcaine.com 864-241-8200 www.movingtogreenville.com INP 864-297-1953 www.allentate.com INP 864-576-1000 www.bhgyoung.com info@bhgyoung.com 864-944-2400 www.1stchoicerealty-sc.com INP 864-297-3111 www.joyrealestate.com craigb@joyrealestate.com 864-467-0085 www.marchantco.com info@marchantco.com 864-250-2112 www.carolpyfrom.com carol@carolpyfrom.com 877-922-5253 www.reserveatlakekeowee.com info@reservekeowee.com 864-489-6285 www.bobshelton.com INP 864-654-6202 www.carolina-realestate.com INP 864-295-3333 www.gibbsrealty.net operations@gibbsrealty.net

$613,073,589 3,004

250 943 8 131 1,200 5 56 479 2 56 380 3 70 470 2 75 625 5 71 332 3 20 200 2 14 67 1 8 30 1 16 151 2 18 212 1 9 240 1

C. Dan Joyner Jr., David Crigler 1964

$393,006,031 1,837 $214,582,710 1,294 $152,761,825 882 $105,390,000 710 $102,967,000 441 $79,000,000 393 $54,200,000 305 $29,800,000 86 $25,000,000 40 $24,735,000 291 $20,630,570 121 $19,809,628 277

MARKET FACTS | www.gsabusiness.com

F. Brad Halter Jr., Stephen D. Edgerton 1933 Milton Shockley 1985 Pat Riley 1991 Evelyn K. Young 1976 John C. Pulliam 2000 Joy Bailey 1975 Seabrook L. Marchant 1993 Carol Pyfrom 2001 Rutledge Livingston 2000 Bob Shelton, Robert Fowler 1987 Monica Zielinski, Jane Brown, Sandia Rosche 1980 John Darrell Gibbs 1993

Researched by Elizabeth Fonte

REAL ESTATE & CONSTRUCTION

Construction jobs in S.C. seasonally adjusted (in thousands) 80.5

80.0

79.5

79.0

78.5

78.0

77.5

77.0

76.5

May ’12

June ’12

July ’12

Aug. ’12

Sept. ’12

Oct. ’12

Nov. ’12

Dec. ’12

Jan. ’13

Feb ’13

Mar. ’13

Apr. ’13

SOURCE: Bureau of Labor Statistics

General Contractors Ranked by Dollar Value of Contracts in 2012 Company KBR Building Group 201 E. McBee Ave., Suite 400 Greenville, SC 29601 Zirkelbach Construction 7 S. Lauren St., Suite 300 Greenville, SC 29601 Moss & Associates, Carolinas Division 429 Roper Mountain Road, Suite 100 Greenville, SC 29615 O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607 Harper Corp. General Contractors 35 W. Court St., Suite 400 Greenville, SC 29601 Yeargin Potter Shackelford Construction 121 Edinburgh Court Greenville, SC 29607 Clayton Construction Co. Inc. 121 Venture Blvd. Spartanburg, SC 29306 Roebuck Buildings Co. Inc. 3600 S. Church St. Ext. Roebuck, SC 29376 Trehel Corp. 408 E. North St. Greenville, SC 29601 Hogan Construction Group 127 Kiowa Lane Piedmont, SC 29673 Creative Builders Inc. 200 E. Broad St., Suite 150 Greenville, SC 29601 Sherman Construction Co. 1330 Piedmont Highway Piedmont, SC 29673 Melloul-Blamey Construction Inc. 55 Commerce Center Greenville, SC 29615 Marsh/Bell Construction Co. Inc. 4741 S.C. Highway 153 Easley, SC 29642

Phone / Website Email 864-250-5000 www.kbrbuildinggroup.com INP 864-552-4004 www.zconstruction.com craig@zirkelbach.com 864-254-9450 www.mosscm.com/carolinas INP 864-298-2000 www.onealinc.com info@onealinc.com 864-527-2500 www.harpercorp.com dwise@harpercorp.com 864-232-1491 www.ypsconst.com INP 864-576-1901 www.claytonconstruction.net INP 864-576-6330 www.roebuckbuildings.com dh@rbcgc.com 800-319-7006 www.trehel.com info@trehel.com 864-272-1527 www.hoganconstructiongroup.com INP 864-233-1631 www.creativebuilders.net will@creativebuilders.net 864-277-0060 www.shermanconstruction.com info@shermanconstruction.com 864-627-0302 www.melloul.com INP 864-295-2728 www.marshbell.com info@marshbell.com

Contracts: Local Value / No. Employees

Area of Specialization

Work Done Locally

Top Local Official(s) / Year Founded

$213,535,910 11

Manufacturing, institutional, mixed-use and commercial projects

15%

Mac Carpenter, Tim Parker 1968

$66,000,000 18

Design-build, commercial, industrial, manufacturing, health care, medical, restaurant, retail, office, financial, educational, multifamily, senior living, hospitality, sports, historic renovation, interior upfit, distribution, renovation

15%

Alan P. Zirkelbach, Craig A. Zirkelbach, Mac Johnson 1996

$61,600,000 7

Design-build, airports and ports, education, entertainment, government, industrial and manufacturing, health care, justice, office, residential, solar

90%

Joe Peer, Fred Fulmer, Don Warren 2010

$57,620,000 17

238

Engineering, procurement, construction

55%

Kevin Bean, Judy Castleberry 1975

$50,000,000 41

Industrial, health care, office, education, commercial, environmental

100%

David Wise, Doug Harper, Rick Richardson 1950

$41,000,000 15

Industrial, commercial, distribution, institutional, wellness, multifamily, design-build

85%

R. Lynn Yeargin 1984

$35,000,000 120

Industrial, retail, institutional, churches

70%

Sophie Clayton 1981

$35,000,000 31

Design-build, industrial, warehouse and distribution, office and religious facilities

65%

Dean Anderson 1947

$29,000,000 75

Design-build, partnering, construction management, at-risk

99%

Will W. Huss Jr., Neal Workman 1982

$26,000,000 14

Commercial, cultural, education, local government, manufacturing, industrial, mission critical construction

100%

Chris Bowen 1998

$25,260,000 21

Commercial, financial, industrial, medical, multifamily

95%

$20,000,000 15

Recreational, institutional, health care, church, senior living, office, retail, renovation, general commercial

100%

$17,000,000 7

Pre-construction, design-build, general contracting, construction management, construction management at risk building

100%

Andy Mosser 1982

$16,072,813 38

Design-build of commercial, correctional, industrial, education, government, assisted living, health care, hospitality, military, multifamily, religious, sports; pre-engineered buildings

95%

Dwayne M. Bell, Michael S. Vargo 1984

MARKET FACTS | www.gsabusiness.com

William H. McCauley III, Dexter LeCroy, Jim White 1971 Wayland Sherman, Andy Sherman, Kelly S. Ramirez 1961

Researched by GSA Business staff

REAL ESTATE & CONSTRUCTION

Industrial sites available by county

Cherokee

Businesses looking for industrial parks can visit the Buildings and Sites locator provided by the South Carolina Department of Commerce website at www. locatesc.com.

Pickens

Oconee

Industrial market in demand; Vacancy rates are dropping Vacancy Rate

Spartanburg

4 sites Largest (in acres) 516

0 sites Largest (in acres) 0

Greenville

8 sites Largest (in acres) 423

Union

10 sites Largest (in acres) 192

Q1 2013. . . . . . . . . . . . 9.05%

12 sites Largest (in acres) 694

5 sites Largest (in acres) 228

Anderson

Q4 2012. . . . . . . . . . . 9.15%

18 sites Largest (in acres) 517

Q3 2012. . . . . . . . . . . 9.72%

SOURCE: Colliers International

Buildings

Laurens 15 sites Largest (in acres) 779

Abbeville

No. Available Smallest (sq. ft.) Largest (sq. ft.) Abbeville 4 22,500 380,000 Anderson 8 20,000 427,337 Cherokee 1 0 476,000 Greenville 4 57,500 160,000 Greenwood 8 39,300 484,670 Laurens o 0 0 Oconee 6 35,000 420,000 Pickens 5 25,000 292,360 Spartanburg 0 0 0 Union 0 0 0

8 sites Largest (in acres) 280

Greenwood 2 sites Largest (in acres) 453

SOURCE: S.C. Department of Commerce

Commercial Real Estate Firms Ranked by $ Value of Sale and Lease Transactions in 2012 Company Johnson Development Associates Inc. 100 Dunbar St., Suite 400 Spartanburg, SC 29306 NAI Earle Furman 101 E. Washington St., Suite 400 Greenville, SC 29601 Prudential Commercial Real Estate, C. Dan Joyner Co. 24 Vardry St., Suite 401 Greenville, SC 29601 Gibbs Realty & Auction Co. Inc. 4891-D S.C. Highway 153 Easley, SC 29642 Colliers International 201 E. McBee Ave., Suite 201 Greenville, SC 29601 Coldwell Banker Commercial Caine 111 Williams St. Greenville, SC 29601 Lee & Associates Greenville 105 E. North St., Suite 200 Greenville, SC 29601 Spencer/Hines Properties Inc. 380 S. Pine St. Spartanburg, SC 29302 Windsor Aughtry Co. Inc. 40 W. Broad St., Suite 500 Greenville, SC 29601 M.S. Shore Co. Inc. 600 E. North St. Greenville, SC 29601 Crawford Associates Inc. 2 Persimmon Lane Greenville, SC 29609 KDS Commercial Properties, LLC 430 Woodruff Road, Suite 400 Greenville, SC 29607 Spectrum Commercial Properties 135 S. Main St., Suite 800 Greenville, SC 29601

Phone / Website Email

Sales & Leases: Value / No. Current Listings

Commercial Agents / Total Employees / Upstate Offices

864-585-2000 www.johnsondevelopment.net INP 864-232-9040 www.naiearlefurman.com info@naiearlefurman.com

$197,500,000 12 28 $195,824,843 603 800

4 50 1 40 61 3

Flex, income-producing, industrial, land, multifamily, office, warehouse

George D. Johnson Jr., Garrett Scott, Foster Chapman 1986

Flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse

J. Earle Furman Jr. 1986

864-233-7724 www.joynercommercial.com officemanager@joynercommercial.com

$49,500,000 213 198

14 261 10

Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse

Matt Carter 1964

864-295-3333 www.gibbsrealty.net operations@gibbsrealty.net 864-297-4950 www.colliers.com/greenville gretchen.murdock@colliers.com 864-250-2850 www.cbccaine.com info@cbcaine.com 864-704-1040 www.lee-commercial.com lburnette@lee-associates.com 864-583-1001 www.spencerhines.com jorr@spencerhines.com 864-271-9855 www.windsoraughtry.com INP 864-235-3898 INP msshore@msshore.com 864-235-7855 www.crawfordassociates.com wc@crawfordassociates.com 864-242-4200 www.kdsproperties.com info@kdsproperties.com 864-335-3030 www.spectrumcarolinas.com jack@SpectrumCarolinas.com

$48,000,000 622 12 $40,000,000 122 142 $33,923,094 147 93 $27,479,118 161 201 $25,906,000 134 430 $25,000,000 INP 75 $20,000,000 10 3 $10,160,000 2 1 $9,291,000 20 107 $8,834,443 84 61

1 10 1 10 12 1 13 21 5 11 20 1 13 16 1 13 25 2 2 5 1 1 1 1 8 8 1 5 6 1

Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse, HUD properties, bank owned properties, investment properties

John Darrell Gibbs 1993

Agricultural, flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse

Frank Hammond Jr. 1906

Industrial, land, multifamily, office, retail

F. Brad Halter Jr., Stephen D. Edgerton 1933

Flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse

P. Randall Bentley 2011

Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse

Barry Lynn Spencer 1986

INP

P.C. "Bo" Aughtry III, Charles Reyner Jr., Scott Street 1987

Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse

M.S. Shore 1985

Income-producing, land, multifamily, retail

William D. Crawford 1986

Flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse

Michael W. Kiriakides, Larry A. Webb 2001

Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse, Medical

Jack L. Snedigar 2008

Types of Properties Sold/Leased

MARKET FACTS | www.gsabusiness.com

Top Local Official(s) / Year Founded

Researched by GSA Business staff

Business Resources T

Fast facts

he Upstate has a number of organizations to help make the connections that drive business growth. Chambers of commerce help Upstate business owners and professionals with referrals to other local organizations and services that any small business owner or budding entrepreneur may need. They sponsor programs that support education, entrepreneurship, economic development and overall quality of life, among other efforts. And more chambers are organizing as the state becomes more diverse. A group of business leaders launched the S.C. African-American Chamber of Commerce last year, for example. Five years ago, the S.C. Hispanic Chamber of Commerce opened to serve the fastest-growing segment of the population. In addition to chambers of commerce, Upstate economic development agencies assist out-ofstate companies with relocation or expansion in the Upstate, as well as existing companies with expansion. These agencies and chambers also work with state and local leaders to develop and maintain policies that promote a positive business climate.

SECTION Sponsor

PAGE 54 | MARKET FACTS

43%

Âť

More than 40% of businesses in South Carolina are owned by women or minorities. Page 56

9,983

Âť

Chambers of commerce in the Upstate have nearly 10,000 members. Page 58

Âť

There are 26 economic development agencies in the Upstate working to help businesses grow. Page 60

BUSINESS RESOURCES

Business diversity Of 360,397 businesses in South Carolina, 43% are owned by minorities or women. Stats for women-owned firms include businesses owned by other minority groups (at right).

Helping hands

Many federal, state and local agencies have established programs to assist minority-owned businesses. Here are a few of the larger ones.

1.8%

Asian-owned

12.1%

Black-owned

1.7%

Hispanic-owned

0.5%

American-Indian owned

S.C. Governorâ€™s Office of Small & Minority Business Assistance 1205 Pendleton St., Suite 474 Columbia, S.C. 29201 803-734-5010 Minority Business Development Agency (Division of the U.S. Department of Commerce) 1515 Richland St., Suite C Columbia, S.C. 29201 803-743-1143 Carolinas Minority Supplier Development Council 5624 Executive Center Drive, Suite 106 Charlotte, N.C. 28212 704-536-2884

27.6%

Women-owned

56.3%

Not minority-owned SOURCE: U.S. Census Bureau

MARKET FACTS | www.gsabusiness.com

BUSINESS RESOURCES

Chambers of Commerce Chambers in the Upstate, Ranked by No. of Members Phone / Website Email

Members / Employees / Volunteers

Mission / Description

Geographic Coverage

864-242-1050 www.greenvillechamber.org info@greenvillechamber.org

2,300 25 INP

To build one of the premier business communities in the world by leading through collaboration, building community prosperity, being the voice of business and enhancing the quality of life

Greenville County, Upstate

F. Ben Haskew 1879

864-325-7052 www.mainstreetchambergreenville.org karen@mainstreetchamber.org

1,200 2 24

To provide interactive connections and opportunities that advance small business growth and profitability

Greenville County

Karen E. Sturkie, Lisa W. McGill 2010

864-594-5000 www.spartanburgchamber.com spartanburgchamber@spartanburgchamber.com

1,150 17 500

To enhance and continually improve the business climate and quality of life for Spartanburg County

Upstate

David Cordeau, Meric Gambel, Carter Smith 1919

Anderson Area Chamber of Commerce 907 N. Main St., Suite 200 Anderson, SC 29621

864-226-3454 www.andersonscchamber.com info@andersonscchamber.com

715 7 20

To strengthen the community by identifying needs, problems and opportunities and develop programs to solve those problems and satisfy the needs

Anderson

Lee R. Luff 1899

Greenwood Chamber of Commerce 110 Phoenix St. Greenwood, SC 29648-0980

864-223-8431 www.greenwoodscchamber.org info@greenwoodscchamber.org

650 5 150

Champion for business and an advocate for the community, thus strengthening and developing the economic climate

Greenwood area

Angelle R. LaBorde 1914

864-877-3131 www.greerchamber.com info@greerchamber.com

600 4 250

To champion economic prosperity for its members and the greater Greer community

Greater Greer

Allen C. Smith 1937

Laurens County Chamber of Commerce 291 Professional Park Road Clinton, SC 29325

864-833-2716 www.laurenscounty.org galexander@laurenscounty.org

500 2 350

To work toward continually upgrading of the quality of life factors in the service area

Laurens County

Greg Alexander 1978

Greater Easley Chamber of Commerce 2001 E. Main St. Easley, SC 29641-0241

864-859-2693 www.easleychamber.org ecc@easleychamber.org

400 3 80

To promote an ideal business environment, encouraging growth and community Easley, Powdersville and surrounding development by continuously improving the quality of life in the greater Easley area areas

Cynthia Hopkins 1935

864-297-1323 www.mauldinchamber.org info@mauldinchamber.org

400 3 75

To promote, develop, encourage and profit the commercial, professional, financial and general business interest of the city of Mauldin

City of Mauldin

Patricia Pomeroy 1982

864-882-2097 www.oconeechambersc.com info@oconeechambersc.com

370 2 4

To promote business, education and tourism for the betterment of our members and the community

Greater Oconee County

INP 1906

Simpsonville Area Chamber of Commerce 211 N. Main St. Simpsonville, SC 29681

864-963-3781 www.simpsonvillechamber.com info@simpsonvillechamber.com

350 3 30

To promote and perpetuate the business, community and educational interests of the greater Simpsonville area

Simpsonville area

Hoyt Bynum Jr. 1980

Cherokee County Chamber of Commerce 225 S. Limestone St. Gaffney, SC 29340

864-489-5721 www.cherokeechamber.org info@cherokeechamber.org

325 3 12

To be a nonpolitical and nonpartisan advocate for the free enterprise system by promoting the growth of business, industry and community

Cherokee county

Pam Foxx Ms. 1947

Clemson Area Chamber of Commerce 1105 Tiger Blvd. Clemson, SC 29631

864-654-1200 www.clemsonchamber.com chris@clemsonchamber.org

270 3 20

To promote economic vitality and a favorable business climate while protecting and improving the region's quality of life

Clemson area

Neil Monaghan 1981

Fountain Inn Chamber of Commerce 102 Depot St. Fountain Inn, SC 29644

864-862-2586 www.fountaininnchamber.org info@fountaininnchamber.org

262 2 11

To be an advocate for business, to promote business alliances, to provide valuable benefits and services to our members and to be a partner with economic development efforts in Fountain Inn and surrounding vicinities

Greenville and Laurens counties

John R. Hastings Sr. 1954

864-878-3258 www.pickenschamber.net info@pickenschamber.net

125 1 15

To enhance and improve the business climate and quality of life in the city of Pickens and in the surrounding region

City of Pickens and surrounding region

Mike Parrott 1978

864-543-2047 www.96chamberofcommerce.com 96chamber@gmail.com

120 1 12

To improve our community's economy and quality of life by helping businesses prosper and grow; working to increase job opportunities; and encouraging our neighbors to shop locally

Greater Ninety Six Area and lower Lake Greenwood

Diane Quinn, Ed L. Quinn 1958

864-638-2727 www.walhallachamber.com walhallacoc@bellsouth.net

117 1 24

To promote the business, civic, social and cultural growth of the community

Walhalla, West Union, Mountain Rest, Salem

Vanessa Penton 1976

864-647-5316 www.westminstersc.com wcoc@nuvox.net

116 1 12

To advance the economic, industrial, professional, cultural, and civic welfare of the City of Westminster and surrounding Westminster area areas from Fair Play to Long Creek

Sandra B. Powell 1985

864-472-3654 www.inmanscchamber.org INP

95 0 6

To provide leadership in the Inman area that supports the existing business community and promotes economic development while preserving the traditions, personality and heritage of Inman

Greater Inman area

David Grayshock, Teri Newmark 1985

864-643-7261 www.schcc.org INP

30 0 8

To promote and support the advancement of the economic growth of Hispanic businesses in South Carolina

Statewide

Evelyn Lugo 2007

888-504-0777 www.smallbusinesscoach.org amelton@smallbusinesscoach.org

5 1 0

To offer solutions to business growth, business promotion, increasing profit margin and to get customers. Learn about fastest growing companies, entrepreneurs, keep employees, marketing, selling and sales growth

Upstate

Alan Melton 2002

Chamber Greenville Chamber of Commerce 24 Cleveland St. Greenville, SC 29601 MainStreetChamber-Greenville 414 Cherokee Drive Greenville, SC 29615 Spartanburg Area Chamber of Commerce 105 N. Pine St. Spartanburg, SC 29304

Greater Greer Chamber of Commerce 111 Trade St. Greer, SC 29651

Mauldin Chamber of Commerce 101 E. Butler Road Mauldin, SC 29662 Oconee County Chamber of Commerce P.O. Box 855 Seneca, SC 29679

Greater Pickens Chamber of Commerce 222 W. Main St. Pickens, SC 29671 Ninety Six Chamber of Commerce 97 Main St. E. Ninety Six, SC 29666 Greater Walhalla Chamber of Commerce 105 W. South Broad St. Walhalla, SC 29691 Westminster Chamber of Commerce 135 E. Main St. Westminster, SC 29693 Greater Inman Area Chamber of Commerce 3 Bishop St. Inman, SC 29349 S.C. Hispanic Chamber of Commerce 714 Pettigru St., Suite C Greenville, SC 29601 Small Business Coach Associates Greenville-Spartanburg 1361 W. Wade Hampton Blvd. Greer, SC 29650

MARKET FACTS | www.gsabusiness.com

Top Local Official(s) / Year Founded

Researched by Elizabeth Fonte & Micah Witherspoon

BUSINESS RESOURCES

Economic Development Agencies Ranked by No. of Employees

Phone / Website

Employees

Mission Statement/Description

Executive Director / Year Founded

864-242-9801 www.gcra-sc.org

To improve living conditions of the county's residents by building homes, rehabilitating homes and improving infrastructure; develop community partnerships and administer funds from U.S. Department of Housing and Urban Development to build a better quality of life for designated neighborhoods

Martin L. Livingston Jr. 1974

864-751-5056 www.scbio.org

To grow the life science industry in South Carolina; to work on behalf of its members to expand the infrastructure, legislative and funding requirements that help life science companies thrive

INP 1989

Union County Development Board 207 S. Herndon St. Union, SC 29379

864-319-1097 www.uniondevelopmentboard.com

To work with companies who wish to expand their current business or relocate to the county

Andrena Powell-Baker 1982

Appalachian Development Corp. 3531 Pelham Road, Suite 100 Greenville, SC 29615

864-382-2350 www.appalachiandevelopmentcorp.com

Nonprofit economic development lending corporation offering "gap financing" loans, working with local lenders to provide long-term, fixed-rate funding to lower the overall debt service requirements and allow for the maximum leverage of applicants' resources; funding comes primarily from public funds, thus the thrust is to advance job creation

David Mueller 1982

Upstate South Carolina Alliance 124 Verdae Blvd., Suite 202 Greenville, SC 29607

864-283-2300 www.upstatescalliance.com

To position and market the Upstate to compete for business investment globally; to spearhead a global strategy to attract new investment to the region; to increase opportunities, ultimately leading to greater investment, enhancing the prosperity and quality of life for the Upstate

Henry "Hal" Johnson, Jennifer K. Miller 2000

864-235-2008 www.gogadc.com

Public-private economic development partnership dedicated to the growth and prosperity of Greenville County; to assist new and existing companies in growing or relocating here, thereby improving the quality of life of every Greenville County citizen

Gerald K. Howard 2001

S.C. Manufacturing Extension Partnership 25 Woods Lake Road, Suite 714 Greenville, SC 29607

864-968-1661 www.scmep.org

Private, nonprofit group that provides S.C. businesses with strategies to drive growth, eliminate waste and develop resources; an affiliate of the National Institute of Standards & Technology operating under the U.S. Department of Commerce to promote innovation and industrial competitiveness

John Irion 1989

S.C. Technology & Aviation Center 2 Exchange St. Greenville, SC 29605

864-277-3152 www.sc-tac.com

Business and industrial air park with more than 80 tenant companies that have an international presence in such industries as manufacturing, trade, technology and aviation, including Lockheed Martin, Michelin and 3M

Jody Bryson 1964

864-370-1545 www.clemson.edu/sbdc

To advance South Carolina's economic development by helping entrepreneurs grow successful businesses; five offices in the Upstate

Jill Burroughs, Elizabeth Smith, Scott Welchel 1979

864-594-5000 www.economicfuturesgroup.com

To drive the international business movement in the Southeast and target industries of automotive, advanced materials, biosciences, energy and logistics to reflect existing industries and sectors expected to perform well economically in the area

David Cordeau, R. Carter Smith, Royal Comer 2000

864-260-4386 www.andersoncountytoday.com

To recruit, create and support new industries within Anderson County and provide support to existing industries and businesses, in order to create jobs, wealth and an expanded tax base in Anderson County

Burriss Nelson 1986

Greenville Forward 24 Cleveland St. Greenville, SC 29601

864-233-8443 www.greenvilleforward.com

To enhance the quality of life for greater Greenville by engaging citizens in continually updating, promoting and facilitating a community vision for 2025 and beyond

Russell H. Stall 2006

Spartanburg Housing Development Corp. 201 Caulder Ave., Suite G Spartanburg, SC 29306

864-598-6141 www.spartanburghousing.org

Nonprofit organization that develops, manages, buys and sells homes; to provide safe and affordable housing; to help promote economic opportunity, community development and revitalization; to combat community deterioration through residential and economic development and historic preservation

Daryl Dalton 2001

Laurens County S.C. Development Corp. 291 Professional Park Road Clinton, SC 29325

864-939-0580 www.laurenscounty.org/ed

Economic development for Laurens County

Marvin Moss 2007

Alliance Pickens 509 S. Lewis St., Suite B Pickens, SC 29671

864-898-1500 www.alliancepickens.com

Public-private economic development organization to attract, retain and increase jobs and grow the tax base in Pickens County; board oversees program of work and helps lead staff in recruiting new industry and maintaining existing industry in the county

A. Ray Farley II 1995

Greenwood Partnership Alliance 109 W. Court Ave. Greenwood, SC 29646

864-388-1250 www.partnershipalliance.com

To provide leadership and financial support to improve economic growth and educational achievement in Greenwood County, in order to enhance the area's quality of life

Mark Warner 1986

Greer Development Corp. 111-B S. Main St. Greer, SC 29650

864-416-0125 www.greerdevelopment.com

To recruit quality development to secure Greer's future; to coordinate the recruitment activities for historic downtown Greer; to provide a range of services to new and existing businesses

Reno Deaton 2002

Oconee County Economic Development Commission 502 E. Main St. Walhalla, SC 29691

864-638-4210 www.oconeescedc.com

To improve the quality of life for citizens of Oconee County by encouraging a diversified economy that attracts industrial and commercial investment and fosters retention of existing business and industry

Richard K. Blackwell, J. Russell Johnson 1978

Abbeville County Development Board P.O. Box 533 Abbeville, SC 29620

864-366-2181 www.discoverabbeville.sc.gov

To generate new capital investment and job creation within the county assisting clients with site selection and development, workforce recruitment and training, information management, incentives and regulatory issues; strategic planning, marketing, semiannual newsletter, media relations, tourism, downtown revitalization

Steve Bowles 1953

City of Spartanburg Economic Development Department 145 W. Broad St. Spartanburg, SC 29304

864-596-2972 www.cityofspartanburg.org

To expand Spartanburg's tax base and provide quality job opportunities through business development, retention, expansion, and facilitation of real estate development; coordinate and administer Spartanburg Development Corp.; promote and assist growth of business concerns to increase employment opportunities and expand businesses

Patty Bock 1831

Innovate Anderson 126 N. McDuffie St. Anderson, SC 29621

864-260-1061 www.innovateanderson.com

Formed by Anderson County, the city of Anderson, Anderson Area Chamber of Commerce and private businesses to provide marketing support and mobilize resources to help the Anderson County Office of Economic Development attract new industry and commercial and retail businesses through marketing

Michael T. Panasko 1993

864-751-4808 www.michelindevelopment.com

Works in conjunction with regional development agencies, local government and business support agencies to support socially or economically disadvantaged businesses; startup and existing small businesses in the Upstate; low-interest loans up to $50,000; free access to business expertise

John D. Tully 2009

864-232-9605 www.mediiupstate.org

Nonprofit to serve as a statewide resource to increase the economic assets of minority individuals and minority-owned businesses; functions in the Upstate from a main location in Greenville to develop and implement programs to increase the per capita income of minorities

S.T. Peden 2007

864-718-1077 www.oconeealliance.org

To improve life in the community; worked with supporters to create a 20-year vision for Oconee County, Oconee By Choice 2028

James R. Gadd 1978

803-733-9070 www.sclaunch.org

Collaboration of SCRA and South Carolina university research foundations to facilitate applied research, product development, commercialization programs; strengthen South Carolina's knowledge economy by creating high wage-earning jobs; provide entrepreneurs with tools to help build technology start-ups, jobs and equity in the future

Greg Hillman, Mark Housley 2006

864-206-2804 www.cherokeecountydevelopmentboard.com

To bring new jobs and investment to Cherokee County by recruiting business and industry, fostering a pro-business environment and assisting companies located within Cherokee County

Jim Cook 1970

Company Greenville County Redevelopment Authority 301 University Ridge, Suite 2500 Greenville, SC 29601 SCBIO 411 University Ridge, Suite A Greenville, SC 29601

Greenville Area Development Corp. 233 N. Main St., Suite 250 Greenville, SC 29601

Small Business Development Center 55 E. Camperdown Way Greenville, SC 29601 Economic Futures Group of Spartanburg County 105 N. Pine St. Spartanburg, SC 29304 Anderson County Office of Economic Development 126 N. McDuffie St. Anderson, SC 29621

Michelin Development Co. 411 University Ridge Greenville, SC 29601 Minority Economic Development Institute Inc. 404 Vardry St., Suite 112 Greenville, SC 29601 The Oconee Alliance 502 E. Main St. Walhalla, SC 29691 SC Launch 3 Research Drive, Suite 220 Greenville, SC 29607 Cherokee County Development Board 101 Campus Drive Gaffney, SC 29341

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Researched by GSA Business staff