MARKETFACTS August 2020 | www.CharlestonBusiness.com
COMET NEOWISE SPONSORED BY
• Passed within 64 million miles of Earth in July 2020. Will return in 6,800 years. • Traveling at 144,000 mph. • 4.6 billion years old. Source: NASA
LAKE MOULTRIE
• Third largest lake in S.C., covering 60,400 acres with 210 miles of shoreline. • The Pinopolis Dam was completed in 1941. The single-lift lock at the dam was the largest in the world at the time. • The Lake Moultrie Passage of the Palmetto Trail is 26.7 miles long. Sources: S.C. Department of Parks, Recreation and Tourism and S.C. Department of Natural Resources
BANK FOR YOUR BUCK. We’re committed to helping the South Carolina business community do more. It starts with more advanced banking solutions to help launch new products, expand operations and enter new markets. We also offer more options for financing, from loans and lines of credit to asset-based, commercial real estate and SBA loans as well as equipment financing and leasing. We offer more treasury management solutions to give you greater control over receivables and payments. We even offer more sophisticated capital markets solutions, including interest rate risk management, foreign exchange, trade finance and global trade solutions. Plus, we always deliver more personal assistance and more local expertise, making it easier for more South Carolina businesses to achieve more of their goals. To learn — and get — more, visit fnb-online.com/Charleston.
Leonard Hutchison REGIONAL PRESIDENT SOUTH CAROLINA
APPROX. 380 BRANCHES APPROX 4500+ EMPLOYEES
President’s “E” Award for Export Service
550+ ATMS
2.5 million customers
44
26 total awards for workplace experience
Greenwich Associates Excellence in Banking AWARDS since 2009
NEARLY
$34 billion
in assets
NEARLY
$24 billioN
in DEPOSITS
Top 50 Largest U.S. Bank Holding Companies
The shared experience of uncertainty LOWCOUNTRY NEWSROOM Executive Editor - Andy Owens aowens@scbiznews.com • 843.849.3142 Senior Copy Editor - Beverly Barfield bbarfield@scbiznews.com • 843.849.3115 Editor, Custom Publishing Division Steve McDaniel smcdaniel@scbiznews.com • 843.849.3123 Research Specialist - Paige Hardy phardy@scbiznews.com • 843.849.3125 Digital Editorial Assistant - Alexandria Ng ang@scbiznews.com • 843.849.3124 MIDLANDS NEWSROOM Editor - Melinda Waldrop mwaldrop@scbiznews.com • 803.726.7542 UPSTATE NEWSROOM Editor - Ross Norton rnorton@scbiznews.com • 864.720.1222 Associate Editor, Custom Publishing Division Jim Tatum jtatum@scbiznews.com • 864.720.2269 Staff Writer - Molly Hulsey mhulsey@scbiznews.com • 864.720.1223 LOWCOUNTRY ACCOUNT EXECUTIVES Senior Account Executive - Robert Reilly rreilly@scbiznews.com • 843.849.3107 Account Executive - Sara Cox scox@scbiznews.com • 843.849.3109
South Carolina’s Media Engine for Economic Growth
President and Group Publisher Grady Johnson gjohnson@scbiznews.com • 843.849.3103
The publishing of our annual Market Facts is a mile-marker that causes me to stop for a moment and take stock of the state of business in the region. It comes roughly halfway through the year, which is a good point to stick your head up out of the woods. We bring this publication to market as the region struggles to reopen in response to the coronavirus pandemic. I guess we’ll look back on this time as an era of uncertainty. All of us operate in a light haze of uncertainty in the best of times. Yet this year, following a year of tariffs, has businesses flying blind through dark clouds of the unknown with no prior experience to draw from. However, we have no better choice than to keep making business decisions that provide the best chances of prosperity for our businesses, employees and customers. Welcome to the new normal. When we came up with the idea of publishing Market Facts, we envisioned it as a tool for our readers to use for business plans. It was born of our need to gather facts and data to support our own expansion. When we discovered the difficulty of finding everything we needed, we had an epiphany: “Somebody ought to publish this stuff!” Of course, nobody hip and trendy writes out a business plan anymore. But you sure better do your research before you launch that pitch deck. Grady Johnson As this publication has grown, it has taken a place as the companion to our annual Book of Lists. President and The combination of the listings of the largest companies in major business categories in the Book Group Publisher of Lists with the statistics and other data presented in Market Facts — in chart, graph and table format — gives you a good grasp of what drives the region’s business community. Our graphic artists are masters at presenting complex information in a way that is pleasing to the eye and easily understandable, and Market Facts is their tour de force. Each year, the team improves the layout by including more art, shading and highlighting of important facts, and by adding footnotes and explanations to help make the data more user-friendly and contextually relevant. We’ve improved the ease of data interpretation this year by adding some explanatory charts within the main charts to help you get a better sense of trends. This year, we used research from our team of creative gurus and data-miners at Visual Infonomics Group, led by Creative Director Ryan Wilcox. Their work resonates in the following pages with highly contextual intel. I also encourage you to use facts and data to try and gain some understanding and help chart the region’s response to the double paradigm shift caused by the global pandemic and civil unrest. The call for racial equality isn’t related to the appearance of COVID-19, but impact on the region sure is. Both of these situations are causing many people to question business practices in ways that have not been considered before, and many businesses are accelerating decisions that might have been inevitable. Since we are in this together, we might as well pioneer the solutions. The decisions we make as a community and the innovations that come from those decisions can be a model for many other places around the world. So why not become a global leader? There’s got to be more than a few winning business strategies to be had from innovating rather than waiting around until it’s too late. I hope Market Facts aids you in improving the performance of your business planning. Congratulations to our title sponsors, First National Bank, Neal Brothers Charleston, and Samet Corp., as well as all of our section sponsors and advertisers, for their leadership in enabling us to provide this valuable resource for the region’s decision-makers. Enjoy!
Creative Director - Ryan Wilcox rwilcox@scbiznews.com • 843.849.3117
About the Cover: An image of Comet NEOWISE on July 18 from the E. Jarvis Morris Boat Ramp on Lake Moultrie. (Photo/Kim McManus)
Events Account Executive - Melissa Tomberg mtomberg@scbiznews.com • 864.720.1220 Events Manager - Kim McManus kmcmanus@scbiznews.com • 843.849.3116 Accounting - Robin Tillotson ar@pbmbrands.com • 336.605.1025 Subscription Services service@bridgetowermedia.com • 877.615.9536 CUSTOM MEDIA DIVISION Director of Business Development Mark Wright mwright@scbiznews.com • 843.849.3143 Business Development Executive Elizabeth Hodges lhodges@scbiznews.com • 843.849.3105
2
www.charlestonbusiness.com
SUBSCRIPTION INFORMATION Charleston Regional Business Journal (USPS 18822) is published biweekly, 27 times per year, including one special issue in February, by SC Biz News. P.O. Box 446, Charleston, SC 29402. Periodicals postage paid at Charleston, SC. Mailing address: 1802 Dayton St., Suite 101, North Charleston, SC 29405. Postmaster: Send address changes to: Subscription Services PO Box 1051 Williamsport, PA 17703-9940
Annual subscribers receive 27 issues of the Business Journal including The Book of Lists and Newsmakers, plus four special supplements: Profiles in Business, Event Planning Guide, Market Facts, and Giving. One year (27 issues) for $57.95; two years (54 issues) for $92.95; three years (81 issues) for $ 129.95. Subscribe, renew, change your address or pay your invoice by credit card online at www.charlestonbusiness.com or call 877-615-9536.
NWS Company LLC A portfolio company of BridgeTower Media
The entire contents of this newspaper are copyright by NWS Company LLC with all rights reserved. Any reproduction or use of the content within this publication without permission is prohibited. SCBIZ and South Carolina’s Media Engine for Economic Growth are registered in the U.S. Patent and Trademark Office.
Welcome from our sponsors
F
or over 150 years, F.N.B. Corporation’s primary subsidiary, First National Bank has built our reputation by standing behind our communities, especially through challenging times. This time is no different. Whether it’s by providing Lowcountry businesses with customized financial solutions and personalized service, guidance navigating relief resources, or by partnering with the CRBJ in sponsoring this valuable tool for business owners, we’re working around the clock to ensure Charleston continues its path to growth and prosperity. We invite you to learn more about all we have to offer. Visit fnb-online.com/ Charleston to schedule a call or an in-person appointment at either our downtown office at 317 Meeting Street or our new Mount Pleasant office at 429 W. Coleman Street. We are here for Charleston — today, tomorrow and beyond.
F
or over decade Samet has been trusted to deliver projects, on time and on budget, for some of the most prominent businesses in our area. This reputation for excellence has allowed us to continue to grow in the region, and in 2020, we will put in place over $100M worth of construction for Healthcare, Industrial, Office Base Building, Corporate Interiors, Multifamily and Senior Living clients here in the Charleston Region. We’re once again honored to partner with CRBJ as a title sponsor for this year’s Market Facts. Staying true to our core values in order to build and maintain long term relationships is what Samet is all about. Those values are the foundation of our company and is what our clients and associates continue to acknowledge. We could not be more humbled to recently be recognized as one of South Carolina’s Best Places to Work for the second year in a row. We invite you to learn more about Samet and how we can work together to achieve your construction goals, no matter the size of your project.
A
t Neal Brothers Charleston Inc. we believe that together everyone achieves more. That is why we are partnering with the Charleston Regional Business Journal to bring you this great tool to ensure that our region is successful during our greatest challenges. We have never been faced with such a situation of uncertainty. Now, more than ever, we have to promote business and commerce every chance we get. At Neal Brothers, we have been able to stand strong and serve our community for over 100 years. We specialize in packing and crating, imports, export, distribution, and a wide range of other services. Faced with adversity, we want to work with partners such as the Charleston Regional Business Journal to bring commerce back to Charleston during our toughest times.
Darryl Ray Griffin Sr. CEO Neal Brothers Charleston Inc.
Vincent J. Delie, Jr. Chairman, President and CEO F.N.B. Corporation and First National Bank Carson Knizevski Regional Vice President Samet Corporation
www.charlestonbusiness.com
3
Contents 6
4
Real Estate
50
Education
20
Architecture, Engineering and Construction
58
Import, Export and Distribution
36
Financial Services
66
Medical and Health Care
42
Demographics and Economic Development
72
Business Resources and Government
www.charlestonbusiness.com
SECTION SPONSORS REAL ESTATE
ARCHITECTURE, ENGINEERING AND CONSTRUCTION
FINANCIAL SERVICES
DEMOGRAPHICS AND ECONOMIC DEVELOPMENT
EDUCATION
IMPORT, EXPORT AND DISTRIBUTION
MEDICAL AND HEALTH CARE
www.charlestonbusiness.com
5
Real Estate Home sales in the Lowcountry were solid early in 2020. As with nearly every other economic sector, sales plummeted during the spring with the onset of the coronavirus pandemic. Sales rebounded well in the summer as interest rates hovered at historic lows, but headwinds still exist. Available inventory has dramatically decreased as people elect not to list their homes for sale in an uncertain economic environment.
FAST FACTS
2,486
- 0.6%
Pending home sales in the Charleston region
Drop in median home sale price in June 2020
in June 2020, a 42% increase from a year ago.
compared to the same month a year ago.
PAGE 9
PAGE 10
SECTION SPONSOR
6
REAL ESTATE | www.charlestonbusiness.com
WE’RE DATA STORYTELLERS BRING YOUR DATA TO LIFE
We distill complex information to its most impactful components to tell compelling stories. Our targeted approach to data visualization uses infographics, charts, animations and presentations to reveal the stories within the data.
DATA-DRIVEN DECISION-MAKING
We analyze data and create engaging, easy-to-understand designs that help you understand your strengths and weaknesses, allowing you to set goals, collaborate, plan and execute.
ACCELERATE YOUR RESULTS
When you can create a common understanding among your stakeholders, you build consensus and accelerate your results. Address the issues and challenges you face, and capitalize on your strengths, with impactful, approachable and vital data.
Find out more: VisualInfonomics.com FOR MORE INFORMATION CONTACT MARK WRIGHT
843.343.5533 | mwright@scbiznews.com
Residential home sales in the Charleston region New listings in the Charleston region – 2019
– 2020
– Percent Change
-9.7% 2,500
+0.2% 2,100
2,105
+1.2% 2,127
2,153
2,534
-25.8% 2,442
-7.0% 2,598 2,417
2,289
2,000
+2.5% 2,204 2,258
1,813
1,500 THE TREND:
COVID-19 DECREASES NEW LISTINGS ACROSS REGION
1,000
The initial expansion in the U.S. of the coronavirus sidelined many sellers from March-May. June saw the first increase in new listings. At that time, new cases of COVID-19 in the region were just beginning to increase.
500
0
January
February
March
April
May
June Source: Charleston Trident Association of Realtors, Monthly Indicators Report - June 2020
8
REAL ESTATE | www.charlestonbusiness.com
Inventory of homes for sale in the Charleston region – 2019
7,000 6,000 5,000
– 2020
-9.2% 5,948 5,398
– Percent Change
-12.9% 6.090
5,305
-13.1% 6,298
5,472
-16.9%
-24.4%
6,392
6,498
-35.3% 6,398
5,310 4,912 4,140
4,000
THE TREND:
INVENTORY OF HOMES FOR SALE PLUMMETS
3,000
Having an ample inventory of homes has been a challenge in the region over recent years. The coronavirus pandemic has greatly expanded that issue with many home owners choosing to stay in their home rather than putting it on the market.
2,000 1,000 0
January
February
March
April
May
June Source: Charleston Trident Association of Realtors, Monthly Indicators Report - June 2020
www.charlestonbusiness.com |
REAL ESTATE
9
Pending sales in the Charleston region – 2019
– 2020
– Percent Change
+42.1% +19.5%
2,500
2,486
2,331
+16.2%
2,000
+14.6% 1,600
1,500
1,789
-10.6%
-17.9% 1,858
1,833
1,950 1,750
1,638 1,539
1,525
1,396
THE TREND:
1,000
PENDING SALES OUTPACING 2019 Despite a two-month decrease in March and April, pending sales continue to be strong with many Realtors seeing demand from buyers outside the region hoping to leave from more populated areas of the country.
500
0
January
February
March
April
May
June Source: Charleston Trident Association of Realtors, Monthly Indicators Report - June 2020
Median sales price in the Charleston region – 2019
– 2020
$300K $295K
– Percent Change
+10.8% +7.1%
$294,990
+8.2%
$290K
+4.1%
$287,773
$290,000
-0.6%
+1.0% $287,930
$287,000
$289,850 $288,800
$285,000
$285K $280K
THE TREND:
MEDIAN SALES PRICE BEGINNING TO LAG
$275,810
$275K
The February 2020 median sales price in the Charleston region was 10.8% higher than in February 2019. That gap eroded since COVID-19 cases began spreading widely in March. In June, the median sales price was down 0.6% from June 2019.
$270,713
$270K $266,000
$266,315
$265K $260K
10
January
February
March
April
May
June Source: Charleston Trident Association of Realtors, Monthly Indicators Report - June 2020
REAL ESTATE | www.charlestonbusiness.com
Scott Adams, CCIM
Blair Belk, CCIM
Johnny Bevon, CCIM
Alan Bolduc, CCIM
scott@adamswilsondevelopment.com
blair.belk@belklucy.com
johnny@bevonre.com
alan.bolduc@avisonyoung.com
Brent Case, CCIM
Gary Catterton, CCIM
bcase@cbcatlantic.com
gacatterton@ccim.net
Adams & Wilson Development 843-216-9990
Coldwell Banker Commercial Atlantic 843-744-9877
Kelley Glenn, CCIM
Belk/Lucy 843-709-9292
Catterton General, LLC 843-766-1600
Agent Group Realty 843-478-5859
Reid Davis, CCIM
Lee & Associates Charleston 843-277-0426 rdavis@lee-associates.com
Pete Harper, CCIM
Simons R. Johnson, CCIM
pharper@lee-associates.com
simons.johnson@bridge-commercial.com
Miles Martschink, CCIM
David Maybank, III, CCIM
Michael G. McFall, CCIM
miles@cctre.com
Dmaybank3@maybankproperties.com
mmcfall@maybankproperties.com
SC Chapter President The RMR Group 706-202-4327
Lee & Associates Charleston 843-696-5533
KelleyGlenn@CCIM.Net
CCT Real Estate Services 843-414-4078
Mike Palmer, CCIM
Maybank Properties 843-720-9201
Bryan Perrucci, CCIM
Bridge Commercial 843-725-2803
Southeastern Management Group, Inc. 843-343-1921
Gerry Schauer, CCIM
Will Sherrod, CCIM
gerry.schauer@avisonyoung.com
wsherrod@naicharleston.com
Mike.palmer@bridge-commercial.com
Avison Young 843-364-2055
perrucci@semgsc.com
NAI Charleston 843-364-3796
Chad Yonce, CCIM
Southeastern Management Group, Inc. 843-343-1923 yonce@semgsc.com
Bridge Commercial 843-557-4047
Charles S. Carmody, CCIM
eddie.buxton@pcpsc.com
charles.carmody@cbre.com
Palmetto Commercial Properties, LLC 843-478-0346
Trad Dyches, CCIM
Chris Fraser, CCIM
Trad.dyches@pcpsc.com
chris.fraser@avisonyoung.com
Ferrer Commercial Real Estate Advisors, LLC 843-568-3427
Joe Keenan, CCIM
Jonathan Lee, CCIM
joe.keenan@pcpsc.com
jonathanlee@choicerealtyusa.com
Palmetto Commercial Properties, LLC 843-577-2550
Mary Ann Kanters, CCIM
Palmetto Commercial Properties LLC 843-608-8252 Maryann.kanters@pcpsc.com
Richard Morse, CCIM
Maybank Properties 843-740-9202
Palmetto Commercial Properties, LLC 843-577-2550
Jenna Philipp, CCIM
Robert Pratt, CCIM
Palmetto Commercial Properties 843-259-8724
J. Edward Buxton, CCIM
Avison Young 843-860-9566
richard.morse@pcpsc.com
Avison Young 843-725-7200
Palmetto Commercial Properties, LLC 843-577-2550
jowens@naicharleston.com
Mike Rose, CCIM
robert@robertpratt.com
Drew Showfety, CCIM
R. Milton Thomas, III, CCIM
Elyse Welch, CCIM
drew.showfety@pcpsc.com
mthomas@lee-associates.com
Elyse@carolinaretailexerts.com
Jeff Yurfest, CCIM
Karl Zerbst, Jr., MBA, CCIM
jeff.yurfest@tscg.com
kzerbst@carolinaone.com
Carolina One Real Estate 843-452-3838
WeFindSpace.com 843-991-4848
john@johnorr.com
jenna.philipp@pcpsc.com
The Shopping Center Group 843-532-8706
mike.ferrer@ferrercrea.com
Jack Owens, CCIM
Coldwell Banker Commercial Atlantic 843-224-1533
Lee & Associates Charleston 843-747-3999
Mike Ferrer, CCIM
John Orr, CCIM
Carolina Retail Experts 843-906-0043
Re/Max Pro Realty 843-576-2705
Palmetto Commercial Properties 336-253-6386
CBRE, Inc. 843-577-1155
mrose@cbcatlantic.com
Carolina Retail Experts 404-358-4259
NAI Charleston 843-696-7653
Thomas Sadler, CCIM
Sadler Group of Charleston LLC 843-766-0261 tsadler@sadlergroup.net
George Wilson, CCIM
Adams & Wilson Development 843-216-9990
george@adamswilsondevelopment.com
CALL YOUR LOCAL CCIM.
Charleston region office market, Q2 2020 14.24 million square feet
The approximate size of the Charleston office market
12 office buildings
are under construction which, upon completion, will add
639,240 square feet to the office market
In addition, there are 13 proposed offices totaling 1.01 million square feet adding to the construction pipeline
$25.65 per square foot
The vacancy rate dropped from Q1 to Q2 Quarter 1
13.67%
Quarter 2
13.30%
Overall, the Charleston market absorbed 149,627 square feet of office space during Q2, despite the spread of COVID-19 cases, which led many companies to close offices and send workers home to work when possible.
was the average rental rate during the second quarter of 2020.
Rents are expected to rise as operational costs increase from the pandemic. Expenses are increasing to create and maintain safe work environments.
Source: Colliers International
THE PREMIER SERVICE PROVIDER SERVING COMMERCIAL REAL ESTATE, OWNERS, DEVELOPERS AND TENANTS
2456 REMOUNT ROAD, SUITE 308 • CHARLESTON, SC • 29406 PHONE: 843.566.1888 • FAX: 843.554.8000 WWW.CALDWELLCOMMERCIAL.COM
12
REAL ESTATE | www.charlestonbusiness.com
Office submarket comparison, Q2 2020 Daniel Island
Downtown
Mount Pleasant
Average rental rates per square foot $34.46
$35
$30
Summerville/Goose Creek
Upper North Charleston
Total inventory in square feet 3,500,000
$27.42
20%
16.7%
2,923,217
$26.77
2,599,498
15.2%
15%
2,500,000
$25
13.6%
$23.60 $21.26
$20
$18.85
2,000,000
$15 1,000,000
$10
1,876,243
10% 1,500,000
West Ashley
Total vacancy rate
3,437,994
3,000,000
$29.14
Lower North Charleston
10.2%
12.4% 11.1% 8.8%
1,388,876 1,017,146
999,793
5%
500,000
$0
0
0% Source: Colliers International
Your local experts in Commercial Real Estate · Property Management · Accounting · Lease Administration · Special Asset & Receivership Services · Property Maintenance
· Office/Industrial/Retail Sales & Leasing · Land Sales · Investment Sales · Tenant Representation · Site Selection · Fee Development · Build-to-Suit Services
843.745.1131
843.720.4944
4500 Leeds Avenue, Ste 112 F N. Charleston, SC 29405
141 Williman Street Charleston, SC 29403 naicharleston.com
alliancecommercialpropertymanagement.com
www.charlestonbusiness.com |
REAL ESTATE
13
Charleston region industrial market, Q2 2020 58.05 million square feet
1.67 million square square feet is currently
of inventory in the Charleston industrial market
under construction
In addition, there are 18 buildings proposed totaling 4.7 million square feet adding to the construction pipeline The overall market average triple net weighted rental rate dropped from Q1 to Q2.
The vacancy rate rose from Q1 to Q2 Quarter 1
8.85%
Quarter 2
9.97%
The overall vacancy rose in Q2 because there were
two nearly vacant industrial buildings totaling 545,000 square feet delivered within the Charleston market.
Quarter 1
$6.10 per square foot
Quarter 2
$5.95 per square foot
Source: Colliers International
Take your events online With many of your clients and prospects working from home, now is a great time to engage them through a webinar. Hosting a webinar is a powerful way to connect with your target audience, and with the Charleston Regional Business Journal you won’t have to worry about any of the logistics. Whether you’re looking to move an in-person event online, or just need to generate quality sales leads, our team can help provide turnkey service from marketing to execution! What • • • • •
is included in your webinar: 45-60 minute webinar Dedicated project support Email marketing Social media Print ad For more information, please contact Grady Johnson at gjohnson@scbiznews.com or (843) 849-3103.
14
REAL ESTATE | www.charlestonbusiness.com
Industrial market summary statistics, Q2 2020 Berkeley County
Clements Ferry
Goose Creek/Moncks Corner
Average rental rates per square foot $12
Hanahan/North Rhett
North Charleston
Summerville
Other submarkets
Total inventory in square feet
$12.00
25,000,000 22,554,286
$10
20,000,000
$8.51 $8
$6.95 $6
$6.50
15,000,000 12,235,565
$5.68 $5.18
10,000,000
$4 5,695,681
$2
6,241,089 4,662,872
5,000,000
4,204,177
$1.50 797,611
$0
0 Source: Colliers International
Local business news updates... as they happen! Charleston and Avison Young are open for business! Although we are socially distancing, we never stop working for you. We are here to help you with all your commercial real estate needs. A special thank you to all the first responders and essential workers for their service, clients for their trust in us and our employees for their dedication.
@CRBJ
We hope everyone continues to be healthy and safe. Avison Young
Charleston.
Follow us on Twitter for the inside scoop on local business news.
Follow @CBRJ on twitter to get breaking news and information on businesses in the Lowcountry. For advertising information, contact Grady Johnson at (843) 849-3103 or gjohnson@scbiznews.com
843 725 7200
1315 Ashley River Road, Charleston, South Carolina 29407
avisonyoung.com
www.charlestonbusiness.com |
REAL ESTATE
15
Industrial Buildings Ranked by Available Square Footage Address Location
Available Square Feet
Clear Height (feet)
Dock Door Height (feet)
Wall Type
Leasing Agency
FTZ Silverman Foreign Trade Zone Blvd Summerville, SC 29483
520000
36
76
Concrete Tilt Wall
Proposed
CBRE Inc. www.cbre.us/charlestonsc 843-577-0702
Camp Hall 1 Fish Road Ridgeville, SC 29472
493500
36
115
Concrete Tilt Wall
Proposed
JLL - Jones Lang LaSalle www.jll.com/charleston 843-805-5111
Ladson Industrial Park Stoney Road Ladson, SC 29456
420888
32
95
Concrete Tilt Wall
2019 Existing
JLL - Jones Lang LaSalle www.jll.com/charleston 843-805-5111
North Pointe Business Campus 1020 Northpointe Industrial Blvd Hanahan, SC 29410
305423
32
36
Concrete Tilt Wall
2000 Existing
Bridge Commercial www.bridge-commercial.com 843-535-8600
Omni Industrial Campus 537 Omni Industrial Blvd Summerville, SC 29483
271000
36
111
Concrete Tilt Wall
2018 Existing
Bridge Commercial www.bridge-commercial.com 843-535-8600
Berkeley Charleston Tradeport Jedburg Road Summerville, SC 29843
247000
32
47
Concrete Tilt Wall
2021 Under Construction
Bridge Commercial www.bridge-commercial.com 843-535-8600
Camp Hall 2 Fish Road Ridgeville, SC 29472
220775
32
35
Concrete Tilt Wall
Proposed
JLL - Jones Lang LaSalle www.jll.com/charleston 843-805-5111
CBRC 1301 Charleston Regional Pkwy Charleston, SC 29492
200000
30
38
Concrete Tilt Wall
2005 Existing
Charleston Industrial www.charlestonindustrial.com 843-377-8383
Palmetto Commerce Park 7770 Palmetto Commerce Drive Ladson, SC 29456
196540
26
44
Insulated Precast Concrete
2019 Existing
Beach Co. www.thebeachcompany.com 843-864-3760
Portside Distribution Center 140 Portside Park Drive Summerville, SC 29843
190000
32
33
Concrete Tilt Wall
2020 Under Construction
Xebec 9735 Patriot Blvd Ladson, SC 29456
183000
32
42
Concrete Tilt Wall
2019 Existing
CBRE Inc. www.cbre.us/charlestonsc 843-577-0702
CenterPoint 1124 Newton Way Summerville, SC 29483
171846
32
38
Concrete Tilt Wall
2008 Existing
Bridge Commercial www.bridge-commercial.com 843-535-8600
Charleston Logistics Center 830 Drop Off Drive Summerville, SC 29483
163000
32
64
Concrete Tilt Wall
2018 Existing
Bridge Commercial www.bridge-commercial.com 843-535-8600
North Pointe Business Campus 1023 - 1025 Northpointe Industrial Blvd Hanahan, SC 29410
145803
32
41
Concrete Tilt Wall
2016 Existing
CBRE Inc. www.cbre.us/charlestonsc 843-577-0702
Pattillo Industrial 7054 Weber Blvd, Ladson, SC 29456
125118
32
24
Concrete Tilt Wall
2020 Under Construction
Charleston Trade Center 553 Trade Center Park Summerville, SC 29483
115500
32
18
Concrete Tilt Wall
2019 Existing
JLL - Jones Lang LaSalle www.jll.com/charleston 843-805-5111
Crosspoint 7 4289 Crosspoint Drive Ladson, SC 29456
104000
30
84
Concrete Tilt Wall
2019 Existing
Charleston Industrial www.charlestonindustrial.com 843-377-8383
North Pointe Commerce Park 1017 Northpointe Industrial Blvd Hanahan, SC 29410
104000
32
27
Concrete Tilt Wall
2018 Existing
Bridge Commercial www.bridge-commercial.com 843-535-8600
North Rhett Commerce Center 5801 N Rhett Blvd Hanahan, SC 29410
103000
24
8
Concrete Tilt Wall
Existing
Bridge Commercial www.bridge-commercial.com 843-535-8600
Winding Woods Commerce Park 4756 Highway 78 Saint George, SC 29477
100500
32
4
Concrete Tilt Wall
2017 Existing
Avison Young - South Carolina Inc. www.avisonyoung.com 843-725-7200
Palmetto Trade Center 7755 Palmetto Commerce Pkwy Ladson, SC 29456
83000
32
40
Concrete Tilt Wall
2019 Existing
CBRE Inc. www.cbre.us/charlestonsc 843-577-0702
Crosspoint 1 4249 Crosspoint Drive Ladson, SC 29456
78000
30
18
Concrete Tilt Wall
2013 Existing
Charleston Industrial www.charlestonindustrial.com 843-377-8383
Summerville Distribution Complex 264 Deming Way Summerville, SC 29483
65000
26
12
Metal
2018 Existing
Bridge Commercial www.bridge-commercial.com 843-535-8600
Summerville Distribution Complex 270 Deming Way Summerville, SC 29483
65000
26
12
Metal
2018 Existing
Bridge Commercial www.bridge-commercial.com 843-535-8600
Eastport Commerce Center 104 Pinnacle Way Summerville, SC 29483
64000
30
16
Concrete Tilt Wall
2021 Under Construction
Port City Centre Jedburg Road Summerville, SC 29483
50000
28
3
Concrete Tilt Wall
2020 Existing
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
16
Year Built / Status
REAL ESTATE | www.charlestonbusiness.com
Colliers International www.colliers.com 843-723-1202
Patillo Industrial www.pattillore.com 904-394-4562
Avison Young - South Carolina Inc. www.avisonyoung.com 843-725-7200 Lee & Associates - Charleston www.lee-charleston.com 843-747-1200
Source: Bridge Commercial Researched by Paige Hardy
Make a name with the only name that matters—SIOR® The Society of Industrial and Office REALTORS® Specialists in Industrial and Office Real Estate
www.siorcarolinas.com
Alan A. Bolduc
Robert A. Caldwell
Charles S. Carmody
Mark Erickson
Peter S. Fennelly
Todd P. Garrett
SIOR, CCIM Avison Young 843-860-9566
SIOR Caldwell Commercial, LLC 843-566-1888
SIOR, CCIM CBRE, Inc. 843-577-1155
SIOR Colliers International 843-720-7501
SIOR, MCR Bridge Commercial 843-425-0186
SIOR, CCIM Avison Young 843-408-8846
Simons Johnson
Mark A. Mattison, II
Michael G. McFall
Hagood Morrison
Hagood Morrison, II
Frank W. Norvell
SIOR, MCR, CCIM Bridge Commercial 843-557-4047
SIOR, CCIM Bridge Commercial 843-437-1545
SIOR, CCIM Maybank Properties, LLC 843-740-9202
SIOR, MBA Bridge Commercial 843-270-5219
SIOR Bridge Commercial 843 -830-9108
SIOR Norvell Real Estate Group, LLC 843-579-0055
Mike Palmer
Robert L. Pratt
Chip Shealy
Tim Raber
Michael G. White
SIOR, CCIM Bridge Commercial 843-735-2803
SIOR, CCIM RE/MAX Pro Realty 843-576-2705
SIOR CBRE, Inc. 843-367-8053
SIOR Bridge Commercial 843-972-3220
SIOR, CCIM Charleston Industrial 843-819-1234
EXPECT MORE! More space lease/sold More transactions closed • More transaction dollar volume
Charleston-area apartment market $1250 $1225 $1200 $1175 $1150 $1125 $1100 $1075 $1050 $1025 $1000 $975 $950 $925 $900 $875 $850 $825 $800 $775 Feb. 2014
Average monthly rent in the Charleston area
Total apartment units – Dorchester County
– Berkeley County
– Charleston County
– Average Monthly Rent
5,344
9,614
Goose Creek
Summerville $
THE TREND:
RENT CONTINUES TO RISE
Rents started to plateau in 2018 to early 2019. However, rates began to increase from August 2019 to February 2020. This data lags the effect of COVID-19 on rental rates across the region.
$1,181
5,206
North Charleston $
PERCENTAGE GROWTH IN RENT FROM FEB. 2014 - FEB. 2020
46+54
1,163
8,849
1,088
Mount Pleasant
9,676
West Ashley
46%
$
2,278
1,213
James Island
1,465
$
Feb. 2020
$1,588
3,264
Downtown
$1,798
Source: Real Data, Charleston Apartment Index, March 2020
The apartment building boom continues in the Charleston region No. of units under construction 6,500
6,366 5,519
6,000 5,500
5,343 4,964
4,587
5,000 4,500
5,439
5,259
5,150
3,700
4,645
3,641
4,000 3,500 3,000 2,500 2,000 1,500 Feb. 2015
Aug. 2015
Feb. 2016
Aug. 2016
Submarket comparison – Total units – Units under construction – Units proposed THE HEADLINE:
BUILDING GOOSE CREEK Goose Creek leads the region in apartment units under construction. With one of the more affordable average rents in the area, demand in the city continues to climb.
18
0
Feb. 2017 1,000
3,000
3,624
Downtown
4,000
5,000
1,158
2,278
401
6,000
Feb. 2019 7,000
8,000
Aug. 2019 9,000
Feb. 2020 10,000
11,000
1,863 2,012
8,849 5,206
283
1,009
1,146
756
Summerville
9,614
West Ashley
9,676
REAL ESTATE | www.charlestonbusiness.com
Aug. 2018
264
Mount Pleasant North Charleston
Feb. 2018
5,344
Goose Creek James/Johns Island
2,000
Aug. 2017
898 132
906
Source: Real Data, Charleston Apartment Index, March 2020
THINK OUTSIDE THE OFFICE Engage the Business Journal readership digitally with an ad on one of our digital products. The Business Journal family of digital products allow you to engage Charleston’s top CEOs, executives, business owners and decision-makers every day whether they are on the road or in the office.
DIGITAL DELIVERY AVAILABLE CharlestonBusiness.com delivers the same accurate, high-quality business journalism that you will find in the Charleston Regional Business Journal. CRBJBizWire.com compiles fast, up-to-date, unfiltered press releases, executive items and business briefs submitted by the business community across the Lowcountry. Tip Sheet arrives each morning in your inbox to give you the latest hirings, promotions, company moves and business briefs from the Lowcountry business community. Daily Journal delivers the top stories of the day, focusing on statewide business news, market trends, key economic and demographic research. Preview gives you the opportunity to be the first to read the top story of each issue. Insights is a powerful opportunity to leverage your brand and our audience by telling your story in your own words on our platform – positioning your company as a thought leader in your industry.
For advertising information, contact Grady Johnson at (843) 849-3103 or gjohnson@scbiznews.com
Architecture, Engineering and Construction The coronavirus pandemic hasn’t spared construction and related industries, putting downward pressure on new building permits for residential and commercial properties. Employment numbers have been a bright spot after an initial drop from March to April, with increases reported in the mining, logging and construction sector in May and June 2020.
FAST FACTS
6,754
- 44.8%
New home building permits issued in 2019 in the
Decrease in multifamily home building permits
Charleston region, a 4.3% decline from 2018.
in S.C. in the first quarter of 2020.
PAGE 24
PAGE 31
SECTION SPONSOR
20
| www.charlestonbusiness.com CONSTRUCTION ENGINEERING ARCHITECTURE, AND CONSTRUCTION | www.charlestonbusiness.com
w w w. c h o a t e c o . c o m
Smart Building to Maximize Revenues & Increase Speed to Market
Better slab performance to support increased clear heights and the long-term transfer of loads across the slab surface
Improved ventilation systems to decrease the potential for floor sweating and increase employee comfort
Detailed site analyses to determine future expansion capabilities
As leaders in industrial construction, we have your next project covered.
PRECONSTRUCTION FAST-TRACK GENERAL CONSTRUCTION DESIGN-BUILD & DESIGN ASSIST CONSTRUCTION MANAGEMENT SUSTAINABILITY VIRTUAL CONSTRUCTION
With over 54 million square feet of industrial facilities constructed, our team of professionals can show you how we are building, renovating, and expanding facilities for clients in ways that save money, create opportunities, and advance business goals. When the details count most, we’ll have your facility up and running like a well-oiled machine.
2 3 5 M A G R AT H DA R B Y B LV D. SUITE 250 M T. P L E A S A N T, S C 2 9 4 6 4
CHARLESTON, SC
For project-specific solutions, contact Quinn Gaines (qgaines@choateco.com or 843.284.9053)
|
CHARLOTTE, NC
|
SAVANNAH, GA
|
NASHVILLE, TN
|
RALEIGH, NC
|
ATLANTA , GA
New private housing units authorized by building permits in S.C. Recession
5,000
THE TREND:
INITIAL DECREASE IN PERMITS SINCE MARCH 2020 Since the onset of the coronavirus pandemic, building permits for residential housing have declined. The data is volatile month-to-month, so it is unknown if this trend will continue. In 2019, permits grew 38% from March to May.
4,000
3,077 March 2020
3,000
2,642 April 2020
2,595 May 2020
2,000
-16%
decrease from the beginning of COVID-19 impact in March through May.
1,000
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Source: Federal Reserve Bank of St. Louis
Mining, Logging, and Construction employment in Charleston-North Charleston MSA 23K
COVID-19 Initial impact
Recession
- Increase from previous month 22K
- Increase from previous month
21K 20K 19K
3/20
22,453
4/20
21,029
5/20
21,160
6/20
21,386
EMPLOYMENT IN MINING, LOGGING AND CONSTRUCTION MAINTAINING
17K
After an initial drop of -6.3% from March to April, this sector has seen two consecutive months of employment increases. During the Great Recession, the decline in employment in this sector began in August 2007 without consecutive months of growth until January 2010.
16K 15K 14K
22
22,424
THE TREND:
18K
13K 2007
2/20
2008
2009
2010
2011
CONSTRUCTION | www.charlestonbusiness.com
2012
2013
2014
2015
2016
2017
2018
2019
2020 Source: Federal Reserve Bank of St. Louis
Total construction costs for S.C. metro areas $1.80B
THE TREND:
CHARLESTON NOW NO. 1 Though construction costs in Greenville and Charleston both decreased from 2017 to 2019, the costs in Greenville have dropped further, pushing Charleston to the highest total construction costs in 2019.
$2B
$1.63B
$1.61B $1.44B
$1.75B
$1.44B
$1.56B
$1.32B
$1.5B
$1.41B
$1.21B
$1.15B
Charleston-North CharlestonSummerville
$1.25B
$1.08B
$904M
Greenville-Anderson-Mauldin $672M
$840M
$790M
$760M
$963M
$871M
$1.0B
$750M
Columbia
$434M
$387M
$329M
$425M
$500M
$232M
$171M
$250 M
Spartanburg
2014
2015
2016
2017
2018
0
2019
Source: U.S. Census Bureau
Housing building permits for S.C. metro areas = 200 homes, 2018
39.3+60.7
= 200 homes, 2019
-10.2% 4,943
-1.3% 2,631
6,433
6,541
7,056
6,754
4,440
2,596
Spartanburg
24
-4.3%
1.3%
= Percent change from 2018-2019
4.2+95.8
Annual privately owned housing units
Columbia
Greenville-Anderson-Mauldin
Charleston-North CharlestonSummerville Source: U.S. Census Bureau
CONSTRUCTION | www.charlestonbusiness.com
Number of construction companies by county – Dorchester County
– Berkeley County
– Charleston County
1750 1,513
1500
1250
1,333
1,556
1,399
33.3%
1,170
Charleston County
1000
23%
750
500
250
THE TREND:
PERCENTAGE INCREASE IN COMPANIES FROM 2015 TO 2019 BY COUNTY
325
283
370
304
410
327
380
322
437
Dorchester County
348
34.5% Berkeley County
0
2015
2016
2017
2018
2019 Source: S.C. Commerce Department Labor Market Analysis
677 KING STREET
OFFICE BUILDING
TRIDENTCONSTRUCTION.COM
26
CONSTRUCTION | www.charlestonbusiness.com
BUILDING TRUST AND ADDING VALUE TO EVERYTHING WE DO
Average weekly wage for construction jobs by county – Dorchester County
– Berkeley County
– Charleston County
$1,200 $1,117 $1,073
$1,100
$936
$1,000
$1,091
THE TREND:
PERCENTAGE INCREASE IN WEEKLY WAGE FROM 2015 TO 2019 BY COUNTY
$947
$943
20.4%
$904
$949 $836
$900
$1,143
$908
$843
Charleston County
$825
$807
$800
24.2%
$731
Dorchester County $700
17.4%
$600
Berkeley County $500
2015
2016
2017
2018
2019 Source: S.C. Commerce Department Labor Market Analysis
DRIVEN FOR SOLUTIONS POWERED BY PASSION At Thomas & Hutton, we’re more than just a consulting and professional services firm. Through human craft and ingenuity, our engineers, surveyors, landscape architects, and analysts collaborate with you to design visions, places, communities, foundations, life. Our people are driven for solutions and powered by passion to shape the built environment we live in, making it a better place.
Lennon Construction is dedicated to quality craftsmanship and building lasting relationships. We offer a full service team of the finest craftsmen, subcontractors and specialists in the southeast and take pride in constructing high-end projects with expertise and precision.
thomasandhutton.com
lennonconstructionco.com
www.charlestonbusiness.com |
CONSTRUCTION
27
New construction homes for sale in the Charleston region October 2017
372
Peak of New Construction Inventory
1,700
Drop in new construction inventory from peak
1,600
Top areas: New construction market share in 2019 Johns Island
43.4%
Wando/Cainhoy Area
1,500
36.0%
Goose Creek/Moncks Corner
35.3% 29.7%
Upper Mount Pleasant
1,400
23.0%
Dorchester Road Corridor
1,300
THE TREND:
1,200
NEW CONSTRUCTION INVENTORY CONTINUES DECLINE
1,100
Even before the onset of the coronavirus pandemic, the inventory of new homes for sale in the region had been on a decline. This puts extra pressure on the residential market and contributes to the extremely tight inventory we see on PAGE 9.
1,000 2015
2016
2017
2018
2019
Source: Charleston Trident Association of Realtors, 2019 Annual Report
Engineering solutions for tomorrowÂŽ
SPECIALIZING IN THE SCIENCE OF: roofing
cHarleston
| waterproofing | exterior walls | pavement
| cHarlotte | raleigH | greenville, nc | westminster |
tampa
| virginia beacH
2090 executive Hall road, suite 115 | cHarleston, sc 29407
www.jmusselmanconstruction.com
28
CONSTRUCTION | www.charlestonbusiness.com
843.225.6272
www.reiengineers.com
S.C. construction costs mostly below U.S. average, 2019 To price jobs correctly, builders use area modification factors to estimate and adjust costs. Percentage factors in specific South Carolina cities are shown below. Greenville 8% 7% 6% 5% 4% 3% 2% 1% U.S. Average -1% -2% -3% -4% -5% -6% -7% -8%
Beaufort
Myrtle Beach
Charleston
Columbia
Spartanburg
Rock Hill Source: 2019 National Building Cost Manual - Craftsman
C O M M E R C I A L L A N D S C A P I N G E X P E R T S | Helping clients grow one at a time
4995 Lacross Road, Suite 1000 North Charleston, SC 29406 (843) 881-3430 www.pleasantplaces.com www.charlestonbusiness.com |
CONSTRUCTION
29
Construction in the Charleston region industrial market by sector, Q2 2020 Warehouse/Distribution Within 847 buildings, there are 42.29 million square feet of warehouse/distribution space.
Flex/R&D
Manufacturing
The Charleston flex/R&D market represents approximately 4.46 million square feet.
Six warehouses totaling 1.05 million square feet are under construction throughout the Charleston market.
The region contains approximately 11.30 million square feet of manufacturing space. One building now under construction will add 622,677 square feet of inventory to the market for manufacturing facilities.
An additional 16 warehouses totaling 4.16 million square feet have been proposed for construction. Vacancy Rate
One 16,000-square-foot flex building has been proposed within the Clements Ferry submarket. Vacancy Rate
One 520,000-square-foot building also has been proposed for construction. Vacancy Rate
Quarter 1
10.33%
Quarter 1
5.14%
Quarter 1
Quarter 2
10.51%
Quarter 2
6.22%
Quarter 2
Average triple net weighted warehouse rental rate
Quarter 1 Quarter 2
$5.76 $6.04
Average triple net weighted warehouse rental rate
4.13% 9.44%
Average triple net weighted warehouse rental rate
Quarter 1
$8.83
Quarter 1
Quarter 2
$8.97
Quarter 2
$5.93 $4.39 Source: Colliers International
WE BUILD STRONG FOUNDATIONS
At Landmark Construction, we love what we do. We provide quality construction services across South Carolina, North Carolina, and Georgia. From land clearing, site grading, earthwork and road construction to utilities, concrete, and stormwater control, our in-house experts do it all.
843.552.6186
w w w. l a n d m a r k- s c . c o m S I T E WO R K | U T I L I T I ES | C O N C R E T E | S O I L S TA B I L I Z AT I O N
30
CONSTRUCTION | www.charlestonbusiness.com
Percent change in multifamily building permits in S.C. Percent change of four-quarter moving total 50% 40%
27.5%
30% 20%
19.6%
10% 0%
THE TREND:
THE DECLINE OF MULTIFAMILY BUILDING
-10% -20%
-19.5%
-19.5%
-30% -40%
-44.8%
-50% 2018
2019
Q1 2019
Q4 2019
Many metropolitan areas of South Carolina have been on an apartment building boom over the last 5 to 10 years. These numbers indicate that fervor for multifamily building was waning at the beginning of 2020. With the pandemic’s potential effect on capital for large-scale projects and a lessening comfort level with living in proximity to one another during a the global health crisis, this trend could continue.
Q1 2020
Source: FDIC South Carolina Profile - First Quarter 2020
www.charlestonbusiness.com |
CONSTRUCTION
31
CHARLESTON UNDER CONSTRUCTION
Summit Place 530 Meeting St., Charleston Developer/owner: Spandrel Development Partners LLC, Charleston; 530 Meeting Street Residential Partners LLC, Charleston Engineer(s): Thomas & Hutton Engineering, Atlanta (landscape architecture); Applied Building Sciences Inc., Charleston (design consultant); PHA Consulting Engineers, Richardson, Texas (mechanical, electrical, plumbing, fire protection); Access by Design, Dallas (ADA); PES Structural Engineers, Atlanta (structural) Estimated completion date: Summer 2020 This is a five-story, 184,000-square-foot development that includes 114 market-rate and workforce housing apartments with 360 total beds. Key features include 8,000 square feet of ground-floor amenity space with a courtyard pool, clubhouse, fitness and yoga studio, and on-site art studio. The project also includes 25,000 square feet of gated garage parking.
7 King Street Mixed Use Office & Retail 677 King St., Charleston Developer/owner: Atlantic South Development, Greenville Architect: McMillan Pazdan Smith Architecture, Charleston General contractor: Trident Construction, Charleston Engineer(s): Forsberg Engineering & Surveying Inc., Charleston (civil); Britt, Peters and Associates Inc., Mount Pleasant (structural); Barrett, Woodyard & Associates Inc., Norcross, Ga. (mechanical, plumbing, electrical, fire protection) Estimated completion date: June 2021 Estimated total cost of project: $14 million This project is a new, five-story, 70,000-square-foot mixed-use building that will add new Class A office and retail to Upper King Street. Situated between the U.S. Highway 17 overpasses, the building is designed to be viewed from all four sides. The top floor is built to be smaller than the preceding floors and incorporates a deep profile curtain wall design into the facade.
Commercial • Industrial Retail • Medical/Dental
Building to Make a Difference 843.849.7760 | www.thecornerstonecompany.net 32
CONSTRUCTION | www.charlestonbusiness.com
Building Relationships in the Carolinas Commercial and Industrial Contractor specializing in mechanical insulation, electric heat tracing, custom jacket fabrication, and firestopping. • Healthcare • Manufacturing • Data Centers
King and George Mixed Use Development King Street, Charleston Developer/owner: Method Co., Philadelphia Architect: LS3P, Charleston Project manager: Omni Partners, Charleston General contractor: Mashburn Construction, Mount Pleasant Engineer(s): DWG Consulting Engineers, Mount Pleasant (mechanical, electrical, plumbing); Britt, Peters & Associates Inc., Greenville (structural); Cypress Engineering, Summerville (civil) Estimated completion date: April 2021 The King and George mixed-use project is a development consisting of one new building at 334 King St. and three renovated buildings at 332 King St., 336 King St. and 36 George St. The project will include four retail shell spaces, one cafe shell space, one restaurant shell space, 22 hotel rooms and four apartments.
• Educational • Food Service • Hospitality
Let’s start building. Contact Matt Sasiene: 843.207.4806 or msasiene@odins.com
We’re Hiring!
ODI is always looking for dedicated insulators, mechanics, and foreman. English and Bi-lingual preferred. Send resumes to msasiene@odins.com
1044 EAST MONTAGUE AVENUE NORTH CHARLESTON, SC 29405 WWW.ARCHITECTUREPLUSLLC.COM
www.charlestonbusiness.com |
CONSTRUCTION
33
Lucy Garrett Beckham High School 1560 Mathis Ferry Road, Mount Pleasant Developer/owner: Charleston County School District, Charleston Architect: McMillan Pazdan Smith Architecture, Charleston Project manager: Cumming, North Charleston General contractor: Contract Construction, Charleston Engineer(s): ADC Engineering, Hanahan (civil, site, landscape); RMF Engineering, Charleston (mechanical, plumbing, electrical, fire protection) Estimated completion date: August 2020 Estimated total cost of project: $63.8 million The new high school will accommodate 1,500 students and will be approximately 245,000 square feet. Spaces in the new school include a gymnasium and auxiliary gymnasium, an auditorium, cafeteria, classrooms, science laboratory space and specialty laboratory spaces. The facility will also house a ninth-grade academy.
34
CONSTRUCTION | www.charlestonbusiness.com
The Cooper 176 Concord St., Charleston Developer/owner: Leucadia Coast Properties LLC, Los Angeles Architect: McMillan Pazdan Smith Architecture, Charleston; Robert C. Glazier Architects, Santa Barbara, Calif. (design architect) General contractor: BL Harbert International, Atlanta Engineer(s): ADC Engineering, Hanahan (civil, structural); Designworks, Charleston (landscape); Buford Goff & Associates, Columbia (mechanical, electrical, plumbing, fire protection); REI Engineers, Charleston (building envelope) Estimated completion date: August 2022 This 280,000-square-foot, 225-key hotel overlooks the Cooper River and includes multiple indoor and outdoor dining venues, a rooftop lounge and observation deck, as well as groundfloor retail spaces. The project will extend the city’s 12-acre Waterfront Park to wrap the east side of the hotel.
The Waterfront Daniel Island 101 River Landing Drive, Charleston Developer/owner: East West Partners, Charleston Architect: McMillan Pazdan Smith Architecture, Charleston General contractor: Trident Construction, Charleston Engineer(s): Thomas & Hutton, Mount Pleasant (civil, landscape); Britt, Peters & Associates, Charleston (structural); Crenshaw Consulting Engineers, Raleigh (mechanical, electrical, plumbing, fire protection) Estimated completion date: Spring 2021 This new neighborhood incorporates a mixed-use master plan that includes two publicaccess piers, condominiums organized around Charleston-inspired gardens, town houses and retail offerings. Construction began on Phase 1 in 2019 and includes the development of a waterfront restaurant with rooftop bar overlooking the Wando River, a canoe storage building and a variety of condos and town houses.
Belvidere Speculative Office Building and Parking Garage 1940 Algonquin Road, Charleston Developer/owner: White Point Partners, Charlotte Architect: McMillan Pazdan Smith Architecture, Charleston; Remark Landscape Architecture, Charleston (landscape) General contractor: Frampton Construction, Ladson Engineer(s): Hoyt & Berenyi, Ladson (civil); WGPM Inc., Charlotte (structural); RMF Engineering, Charleston (mechanical, electrical, plumbing, fire protection) Estimated completion date: November 2020 Estimated total cost of project: $22.5 million This project consists of 117,000 square feet in a five-story speculative office building. The building’s metal panel “sails” were inspired by the sailboats in Charleston’s harbor. The first building will have retail on the first floor, with 22,000-square-foot office plates on the four upper floors. The project also includes a four-tier private parking garage with 368 parking spots and tensile screening on two sides.
Sustainable Energy & Lighting Solutions Your future is brighter with us! CALL TODAY FOR YOUR FREE ANALYSIS
✓ Residential & Commercial Solar Provider & Installer ✓ Commercial, Retail, & Industrial Lighting Supplier & Installer ✓ Community-based, Veteran & Family owned business ✓ All installers are experienced, trained & certified ✓ We are fully bonded, licensed, & insured ✓ We use only top grade materials w/ superior warranties ✓ FREE Site Inspection & Financial Savings Analysis ✓ Committed to personal service & 100% customer satisfaction
(843) 469–5777 • theselsco.com www.charlestonbusiness.com |
CONSTRUCTION
35
Financial Services Mergers and acquisitions continue to consolidate the financial industry in the U.S. and South Carolina. Large banks (those with assets over $100 million) hold more than 98% of the state’s total deposits. Financial institutions also had a major role in the Paycheck Protection Program initiated by the federal government to provide emergency loans to small businesses struggling with the economic effects of the coronavirus pandemic.
FAST FACTS
$40.2 BILLION
657,957
Total value of deposits at banking institutions
Total jobs saved in S.C. by the Paycheck
in South Carolina.
Protection Program for small businesses.
PAGE 38
PAGE 40
SECTION SPONSOR
36
FINANCIAL SERVICES | www.charlestonbusiness.com
“With United Community Bank, you’re in such good hands. They’re not going to steer you in a direction that is not right for you and your company.” Megan Mussman, Owner, Dog Culture, Customer Since ‘17
Watch how we keep the Dog Culture team tail-wagging happy. ucbi.com/dog-culture
Member FDIC. © 2020 United Community Bank
South Carolina banking performance FDIC insured institutions
Banks with assets less than $100M
Total assets
Banks with assets greater than $100M
Number of institutions reporting THE TREND:
$50B
CONSOLIDATION
$40.2B
$40B
$36.0B $30B
$28.1B
$20B
$10B
0
$37.5B
$35.2B $36.7B
$39.6B
THE TREND:
BIG BANKS
The vast majority of assets are held by banks with assets greater than $100M. The amount of assets in the smaller banks has decreased from $861M in 2016 to $579M in 2019.
The number of banks in the state continues to decrease. This is mostly from mergers and acquisitions in the financial sector.
56
53
2016
2017
50
47
2018
2019
$27.2B
2016
2017
2018
2019
Percentage of unprofitable institutions, 2019
Yield on earning assets
THE HEADLINE:
SMALLER BANKS NOT AS CONSISTENTLY PROFITABLE
When you take a closer look at the profitability of banks, you see a larger percentage of unprofitable banks with assets less than $100 million.
THE HEADLINE:
YIELDS INCREASING ACROSS THE BOARD
The yield banks earn on assets continues to rise over time. This data holds true for both big and small financial institutions.
4.24% 4.23% 4.53% 4.06% 4.18% 4.12%
4.3%
4.71% 4.58%
of total institutions
11.1%
Banks with assets less than $100M Banks with assets greater than $100M
38
2.6%
FINANCIAL SERVICES | www.charlestonbusiness.com
2016
2017
2018
2019
Source: Federal Deposit Insurance Corp., Division of Insurance and Research
New branch in Mt. Pleasant. Deeply rooted in helping businesses thrive.
We’re excited to be a part of the Mount Pleasant business community. But while we’re new to the neighborhood, we are not new to business banking. We’ve been recognized as a “Best Brand”* for businesses as a result of helping companies of all sizes achieve their unique goals. We’re ready to help with yours. Let’s get started. Schedule an appointment at fnb-online.com/Charleston.
429 W. Coleman Blvd. Mt. Pleasant, SC Member FDIC NYSE: FNB
*Recognized by Greenwich Associates as a 2019 Greenwich Excellence and Best Brand Awards winner in commercial and small business banking.
PPP data for South Carolina
Billions of dollars in federally backed loans flowed onto the balance sheets of 63,000 S.C. companies over the past few months, all against a backdrop of a global pandemic that transformed into an economic crisis. The Paycheck Protection Program, quickly passed by Congress under a larger coronavirus relief package, made low-interest loans available for businesses to keep employees safely at home but still on a company’s payroll. In thousands of loan applications, S.C. businesses said the money would help save a total of 657,957 jobs across the state after coronavirus shutdowns began cutting demand for products and services in early March.
63,168
Jobs retained in Southeast
The following data shows companies and jobs retained through the loan program for all loans made under the Payroll Protection Program in the following states, ranked by number of jobs.
Number of companies approved for payroll protection assistance in S.C.
55,553
- 1,000 companies receiving loans
Florida 3,224,664
Companies approved for less than $150,000, totaling nearly $1.87 billion.
Georgia North Carolina
7,582
Virginia Tennessee Louisiana Alabama South Carolina Mississippi
Companies approved for more than $150,000-$4.9 million in assistance.
33
Companies approved to receive $5 million-$10 million.
657,957
2,567
52,393
Number of nonprofit jobs retained through loans.
1,471,782 1,246,594
973,961 916,996 800,221 672,861 657,957 412,492
Companies who received loans
Total Number of jobs saved statewide
Nonprofit organizations approved for loans across South Carolina.
Jobs retained
11,190
Number of companies with a listing in government data of 0 or no answer provided for number of jobs retained from emergency payroll loans.
Florida Georgia 156,810 North Carolina 121,913 Virginia 109,227 Tennessee 93,287 Louisiana 73,827 Alabama 65,803 South Carolina 63,168 Mississippi 45,814
BERKELEY COUNTY 2,621
Number of companies approved for assistance
Companies retaining more than 300 Jobs
25,926
Number of jobs retained
Company
City
Jobs
Jem Restaurant Group of Florida
Daniel Island
500
Jett Florida Bells LLC
Daniel Island
500
Charleston
466
VDV Management Company LLC Century Restaurants Inc.
87 1 2 3 7 +
Loans awarded by amount
179
$150,000-$350,000
75
$350,000-$1 million
2,332
Less than $150,000
24
$1 million-$2 million
11
$2 million-$5 million
Source: Small Business Administration data, analysis by SC Biz News
40
FINANCIAL SERVICES | www.charlestonbusiness.com
393,016
Charleston
439
Scout Boats Inc.
Summerville
387
MVP Group International Inc.
Charleston
349
J. E. M. Restaurant Group Inc.
Charleston
322
Approved for the Most Money The following companies approved for $2 million to $5 million loans, the most for companies and organizations in Berkeley County. Company VDY Management Co. LLC Arborgen Inc. Sportsman Boats Manufacturing Inc. Scout Boats Inc. MVP Group International Inc. Knight’s Companies Inc. Jem Restaurant Group of Florida
Lender United Community Bank Synovus Bank Live Oak Banking Co. South State Bank Truist Bank Synovus Valley National Bank
ITS Sprinturf Holdings
Regions Bank
Energy One America LLC
Aquesta Bank
CSS International Inc.
Truist Bank
Key West Boats Inc.
Farmers and Merchants Bank of S.C.
CHARLESTON COUNTY 9,623
Number of companies approved for assistance
More than 400 Jobs Retained
100,918
Number of jobs retained
Company
City
Jobs
J K S&K Inc.
North Charleston
500
Palmetto Primary Care Physicians LLC
Charleston
500
Rohoho Inc.
Charleston
500
IFA Rotorian North America LLC
81 1 2 3 5 8 +
Loans awarded by amount
788
$150,000-$350,000
397
$350,000-$1 million
8,304
96
$1 million-$2 million
Less than $150,000
32
Ladson
488
Palmetto Moon LLC
North Charleston
486
Palmetto Solar LLC
North Charleston
483
Kiawah Island
478
North Charleston
476
Carolina Eastern Inc.
Charleston
466
Garibaldi’s Management Corp.
Charleston
416
Mount Pleasant
411
Kiawah Resort Associates LP Chipton-Ross Staffing Inc.
BGI LLC
Approved for the Most Money The following companies approved for $2 million to $5 million loans. Company
Lender
Palmetto Primary Care Physicians LLC
United Community Bank
Chipton-Ross Staffing Inc.
Bank of America
$2 million-$5 million
BGI LLC
South State Bank
6
Johnson & Johnson Inc.
$5 million-$10 million
Synovus
Motley Rice LLC
Bank of South Carolina
Boomtown ROI LLC
Beacon Community Bank
Source: Small Business Administration data, analysis by SC Biz News
DORCHESTER COUNTY 600
Number of companies approved for assistance
4,372
Number of jobs retained
Loans awarded by amount
93 1 5 + 37
$150,000-$350,000
556
5
$350,000-$1 million
Less than $150,000
2
$1 million-$2 million
More than 50 Jobs Retained Company
City
Jobs
Mills Investments LLC
Summerville
115
Ye Ole Fashioned Ice Cream
Summerville
90
Briteline Extrusions Inc.
Summerville
83
M&M Staffing LLC
Summerville
82
Dorchester Academy Inc.
Saint George
77
Summerville Auto LLC
Summerville
76
Holy Ship LLC
Summerville
69
Lowcountry Women’s Specialists
Summerville
61
Approved for the Most Money The following companies approved for $1 million to $2 million in loans, the highest amounts approved for businesses in Dorchester County. Company
Lender
Briteline Extrusions Inc.
South State Bank
Summerville Auto LLC
Toyota Financial Savings Bank
Source: Small Business Administration data, analysis by SC Biz News
www.charlestonbusiness.com |
FINANCIAL SERVICES
41
Demographics and Economic Development The Charleston region was growing at a steady pace before the coronavirus pandemic hit and severely impacted every sector of the economy. Employment numbers have since rebounded somewhat, but there is still uncertainty in many industries.
FAST FACTS
4,159%
38
Increase in initial unemployment claims
Net daily population growth in the
during the first four weeks of the pandemic.
Charleston metro area in 2019.
PAGE 44
PAGE 47
SECTION SPONSOR
42
EMPLOYMENT AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
WWW. LCC M .CO M 843.797.0881 414 4 CA R O L I N A CO M M E R C E PA R KWAY, LA DS ON , S OU T H C A RO L I N A 2 9 4 5 6
Initial unemployment claims in S.C. An initial claim is a claim filed by an unemployed individual after a separation from an employer. The claim requests a determination of basic eligibility for the Unemployment Insurance program.
90,000
86,573 April 4, 2020
80,000 70,000
89,147 April 11, 2020
Initial claims have decreased 82% from their peak on April 11 to July 4. However, they were still 665% higher than on March 14.
66,475 March 28, 2020
60,000
THE TREND:
DECREASE IN CLAIMS FROM THE PEAK
50,000 40,000
31,826
30,000
March 21, 2020
20,000
2,093
10,000
4,159%
16,015 July 4, 2020
Increase in initial unemployment claims in the first four weeks of the onset of the coronavirus pandemic
March 14, 2020
0
Jan. 1, 2020
Feb. 1, 2020
March 1, 2020
April 1, 2020
May 1, 2020
June 1, 2020
July 1, 2020
Source: Federal Reserve Bank of St. Louis
D E V E LO P YO U R WO R K F O R C E W I T H ON-DEMAND TRAINING
Helping South Carolina Companies Grow
SCMEP now offers SCMEP Online, a new online training portal specifically for manufacturers. We realize time is valuable and flexible online learning provides critical training in a wide array of operational disciplines.
Learn how SCMEP Online can streamline your training program by visiting SCMEP-ONLINE.org COLUMBIA 250 Berryhill Road, Suite 512 Columbia, SC 29210 (803) 252-6976
44
GREENVILLE 250 Executive Center Drive, Suite 200 Greenville, SC 29615 (864) 288-5687
SCMEP is a not-for-profit 501(c)3 organization affiliated with The National Institute of Standards and Technology’s (NIST) Hollings Manufacturing Extension Partnership (MEP), a network of more than 60 MEP centers across the U.S. and Puerto Rico.
EMPLOYMENT AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
Unemployment rate from March - June 2020 – Dorchester County
16%
– Berkeley County
– Charleston County
– South Carolina
– United States
14.7%
14%
13.3% 13.0%
12%
12.1% 11.2%
10%
10.7%
13.1% 12.5% 11.7%
11.1%
11.1%
9.5% 8.7%
8%
8.3%
6% 4.4%
4%
2.7%
THE TREND:
UNEMPLOYMENT NUMBERS REBOUNDING QUICKLY Though it might take years to return to the historically low pre-pandemic unemployment rate, S.C. and the counties in the Charleston region have all rebounded at a faster rate than the U.S. This is partly from early reopening of the S.C. economy compared to other states that took a slower approach. The continued surge of COVID-19 cases in S.C. could jeopardize this initial momentum.
2.6%
2% 2.4%
0%
March
April
May
June
Source: S.C. Department of Employment and Workforce
Fueling South Carolina’s Innovation Economy South Carolina Research Authority is fueling South Carolina’s innovation economy by supporting and funding: SC Academic Innovations - Academic research and development and the commercialization of the resulting products and services, SC Launch - Technology-driven startups and entrepreneurs, SC Ventures - Later stage startups and industry partners, and SC Facilities - Laboratory and office spaces to support all of the above. To learn more about SCRA and how we are accelerating South Carolina’s innovation economy, please visit SCRA.org.
www.charlestonbusiness.com |
EMPLOYMENT AND ECONOMIC DEVELOPMENT
45
Job loss by industry in S.C. from February - June 2020 50
THE TREND:
44.4%
Though South Carolina has diversified its economy over the years, especially in the Charleston region, it is still very reliant on hospitality and tourism. With restaurants and attractions forced to close during the onset of the coronavirus pandemic and the sharp decline in tourism and hotel stays, unemployment soared in arts, entertainment and recreation, along with accommodation and food service sectors.
9.3% 9.0% 8.8% 7.8% 7.3%
10
Sta te G ove rnm Car ent e& Soc ial Ass ista nce Edu cat ion al S erv ice s Oth er S Pro erv fes ice sio s nal , Sc Tec ien h S tific erv , & ice s Hea lth
Wh ole sal e
Art s, E nte rta Acc i Recnmen om rea t & mo tion dat ion &F ood Ser vic es Adm in & Wa Su ste pp Ser ort & vic es
0
5.3% 6.0% 4.4% 4.4% 4.1% 3.0% 2.4% 2.2% 1.4% 1.1% 0.3% Fed era l Go Tra ver nsp nm ort ent ,W are h & U ousin tilit g, ies Fin anc e& Ins ura nce
16.6%
Info rm atio n
20
Con str uct Com ion pan Ma ies nag & E em nte ent rpr of ise s
30
Loc al G ove rnm Rea ent l Es tat e& Ren Lea tal & sin g Ma nuf act uri ng
36.5%
Ret ail
40
SOUTH CAROLINA ECONOMY RELIANT ON THE MOST AFFECTED INDUSTRIES
Source: S.C. Department of Employment and Workforce
YOUR VOICE. OUR AUDIENCE.
INSIGHTS
When it’s time to buy, your future customers will know who to trust.
Insights is a powerful opportunity to leverage your brand and our audience by telling your story in your own words on our platform – positioning your company as a thought leader in your industry.
For advertising information, contact Grady Johnson at (843) 849-3103 or gjohnson@scbiznews.com
46
EMPLOYMENT AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
2019 Charleston-area population By county and major city
Average daily population growth, 2019
802,122
Total population
227,907
162,809
+8
43,665
52,549
Goose Creek
Summerville
115,382
NET DAILY IN-MIGRATION
Berkeley County
Dorchester County
North Charleston
30
91,684
411,406
Charleston County
Mount Pleasant
BIRTHS MINUS DEATHS
38
137,566 Charleston
TOTAL POPULATION GROWTH PER DAY Source: U.S. Census Bureau
Source: Charleston Regional Development Alliance
South Carolina’s leader in Metal Recycling Container & Onsite Service Usable Steel Sales
Since 1893
Dismantling & Removal
843-722-7278 | charlestonsteelandmetal.com | 843-722-1340 www.charlestonbusiness.com |
EMPLOYMENT AND ECONOMIC DEVELOPMENT
47
Leisure and Hospitality employment in Charleston-North Charleston MSA The Leisure and Hospitality supersector includes both the Accommodation and Food Services sector and the Arts, Entertainment and Recreation sector. Economic Downturns
COVID-19 Initial impact
55K
- Increase from previous month - Increase from previous month 50K
1/20
45K
51,998
2/20
51,806
3/20 4/20
21,624
5/20
40K
6/20
25K
20K 1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
31,457
AS COVID-19 RESTRICTIONS WERE LIFTED, EMPLOYMENT REBOUNDS
was the amount employment in this sector dropped from its all-time high in January 2020 to April 2020. The 21,624 employed in April is the lowest amount shown on this chart, which dates back to January 1990.
30K
24,979
THE TREND:
-58.4%
35K
46,648
No sector was hit harder by the pandemic than hospitality. In the beginning, restaurants were only allowed to serve take-out. Hotels were reeling as tourism came to a halt and thousands of workers were rapidly laid-off. Though the workforce has increased 45% since April, there were still 20,451 fewer people employed than the all-time high of 51,998 in January.
2020 Source: Federal Reserve Bank of St. Louis
TEAM BUILDING & LEADERSHIP DEVELOPMENT
FAST. UNFILTERED. FRESH.
THE CHALLENGE COURSE AT JAMES ISLAND COUNTY PARK
CRBJBizWire.com
Dedicated to serving up business announcements fast & unfiltered.
Get your message in front of the top decision-makers in the Lowcountry as they stay up-to-date on the people and businesses making moves in the Lowcountry. For advertising information, contact Grady Johnson at (843) 849-3103 or gjohnson@scbiznews.com
C H A R L E S TO N CO U N T Y PA R KS.CO M
48
EMPLOYMENT AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
South Carolina statewide lodging outlook report, June 2020 – Percent Change from June 2019
Occupancy rate, June 2020
Average room rate, June 2020
90%
$120
80%
$110
70% 60% 50%
52.4%
-42.5%
30% 20% 10%
United States
-31.5%
$92.15
$90
42.2%
South Carolina
$116.84
$100
-27.4%
40%
0%
RevPAR = Revenue Per Available Room, i.e., total room revenue divided by total number of room nights.
-14.1%
100%
RevPAR, June 2020
$120 $110 $100 $90
$80
$80
$70
$70
$60
$60
$50
$50
$40
$40
$30
$30
$20
$20
$10
$10
$0
South Carolina
United States
$0
-37.7%
$61.27
THE TREND:
HOTEL NUMBERS REMAIN SIGNIFICANTLY DOWN
-60.6%
$38.88
South Carolina
Even with many pandemic restrictions lifted by June 2020, the number of travelers staying in hotels remains much lower than June 2019. However, when compared to the U.S., South Carolina has lost much less ground. This is potentially from South Carolina being one of the first states to begin lifting restrictions, giving those willing to travel a destination.
United States Source: S.C. Department of Parks, Recreation and Tourism
www.charlestonbusiness.com |
EMPLOYMENT AND ECONOMIC DEVELOPMENT
49
Education South Carolina grapples with disparities in education along socio-economic lines in the best years. In 2020, the coronavirus pandemic has thrown traditional education programs and standards into chaos. Uncertainty about in-class learning as the pandemic continues to surge has education leaders scrambling to create a sustainable model for learning while keeping students, teachers and staff safe.
FAST FACTS
3,557
$40,913
Students in S.C. reported as having no contact
Median income for workers 25 and older in
with their schools since COVID-19 shutdowns.
Charleston County in 2018.
PAGE 52
PAGE 56
SECTION SPONSOR
50
EDUCATION | www.charlestonbusiness.com
Don't just GO online, GROW online. Our online world is expanding like never before. At Charleston Southern University we help students design their pathway to success with rewarding and affordable online degrees. Open up a new world of job opportunities for your future. Flexible schedules let you balance school, work and life; so you can go online on your time. Our dedicated faculty and vibrant online community will help you discover your passion, develop your potential and declare your purpose. Let CSU help you grow and prepare for a New Degree of Success!
ONLINE DEGREES BA Computer and Information Sciences BT Computer Science BA Psychology BS Criminal Justice BS Management BS Healthcare Administration BS Human Resources BS Hospitality & Tourism Management BS Project Management BS Supply Chain Management BS Professional Studies
MS Criminal Justice MS Public Safety Management MBA General Management MBA Healthcare Management MBA Supply Chain Management MA Organizational Leadership MS Human Resource Management MEd Physical Education and Sport Coaching MS Nursing Education MS Nursing Leadership and Healthcare Administration MS Computer Science MS Management MS Supply Chain Management MS Project Management MS Analytics
Learn more at charlestonsouthern.edu or call 843-863-7050 CHARLESTONSOUTH E RN U NIVE RSIT Y
C SU NIV
CHAR LESTONSOUTH E RN
COVID-19 impact on education As we go to press with Market Facts, the state and local education systems are still making many decisions about what the 2020-21 school year will look like across all levels of learning. Options range from starting the year with all-online learning to options for full-time in-person instruction. The data regarding the long-term effects of the COVID-19 era on student achievement will take time to gather. Here are a few pieces of data that show the environment that awaits the educators and students for the coming year.
Percentage of worldwide enrolled learners affected by school closures
90%
100% 80% 60%
0%
70%
44%
40% 20%
THE TREND:
0.1%
February 16
March 16
April 16
May 16
62%
61%
June 16
July 16
UNPRECEDENTED SCHOOL CLOSURES By mid-April, schools were closed for nine out of 10 students on the planet. Two-thirds of schools were still closed by mid-July. With COVID-19 cases far from contained in S.C. over the summer, plans for fall classes have been developing as education leaders, parents and students struggle to find an agreed upon best course of action.
Source: UNESCO
Potential for learning loss In late May 2020, Brookings released the below forecast on the potential impact of COVID-19 on learning. The research institution used data on summer learning patterns to make informed projections. These COVID-19 slides indicated by the dotted line suggest that students would enter the fall school year with only 70% of the reading and 50% of the math learning gains from the previous year.
Pandemic learning loss: Mathematics forecast
Forecasted trajectories for grades 3-8, math RIT scores based on COVID-19 induced school closures.
Pandemic learning loss: Reading forecast
Forecasted trajectories for grades 3-8, reading RIT scores based on COVID-19 induced school closures.
Typical growth/Summer loss
Typical growth/Summer loss
COVID Slide: Students have academic setbacks typical of summers throughout an extended closure
COVID Slide: Students have academic setbacks typical of summers throughout an extended closure Source: Brookings Institution
Connectivity to students in S.C. during COVID-19 era According to the S.C. Department of Education’s survey of the principals of all 1,272 state schools, there has been no contact with
$50 million
3,557 students,
has been allocated from the CARES Act
or 0.5%, of the student population since the pandemic began.
households through Dec. 31, 2020.
to procure mobile hotspots and monthly internet service for qualifying student
Eligibility requirements include: • Households with an annual income of 250% or less of federal poverty guidelines • An individual in the household is required to attend a school • The household does not have existing internet service Source: S.C. Department of Education
52
EDUCATION | www.charlestonbusiness.com
Enrollment analysis
THE TREND:
80,000
Technical college enrollment expanded during the Great Recession. As unemployment increased, many sought the cost-effective training necessary to embark on a new career that the state’s technical college system offers. As jobs became more plentiful, that enrollment has declined. The pandemic may have a similar impact as the thousands of unemployed workers looking for their next job could turn to the technical colleges to improve their employment chances.
64,597
75,000
64,227
TECHNICAL COLLEGE ENROLLMENT CONTINUES DECLINE, FOR NOW
63,463
62,511
61,893
70,000
59,246
58,593
65,000
59,039
59,685
56,505 54,932
60,000
53,359
55,411
52,940
51,682
55,000
51,896
50,080
48,792
48,440
50,000 46,953
45,000 40,000
2009
2010
2011
2012
2013
2014
2015
Technical Colleges: Aiken, Central Carolina, Denmark, Florence-Darlington, Greenville, Horry-Georgetown, Midlands, Northeastern, Orangeburg-Calhoun, Piedmont, Spartanburg CC, TC of the Lowcountry, Tri- County, Trident, Williamsburg, York
2016
2017
2018
Research Institutions: Clemson, MUSC, USC Columbia
Source: S.C. Commission on Higher Education
FAST. UNFILTERED. FRESH.
CRBJBizWire.com
Dedicated to serving up business announcements fast & unfiltered.
Get your message in front of the top decision-makers in the Lowcountry as they stay up-to-date on the people and businesses making moves in the Lowcountry. For advertising information, contact Grady Johnson at (843) 849-3103 or gjohnson@scbiznews.com
54
EDUCATION | www.charlestonbusiness.com
Annual college tuition costs
- 2008—2009
- 2019—2020
- percentage change
For selected S.C. public colleges and universities.
CLEMSON UNIVERSITY
$10,608
$15,120 $11,731
MUSC**
USC COLUMBIA*
$8,838
THE CITADEL
$8,428
COLLEGE OF CHARLESTON
$8,400 $7,806
SC STATE TRIDENT TECHNICAL COLLEGE
$3,330 $0
$2,000
$4,563
$14,318
$12,688
44%
$13,140 $12,518 $11,060
42%
$10,000
$12,000
56% 49%
37%
$4,000
$6,000
$8,000
$14,000
43% 22%
THE TREND:
COST OF HIGHER EDUCATION CONTINUES TO RISE COVID-19 cases could have a significant impact on this trend as students weigh the cost of a degree against the access to the institution. If in-person classes and on-campus living are not an option, students could choose the most cost-effective path to a degree over the experience of being on campus.
$16,000
Source: S.C. Commission on Higher Education for public universities *Excludes medicine, law and pharmacy **Excludes medicine, dentistry and pharmacy; includes nursing and health professions only
Elevate your workforce... and set your sails for success. What do you want to accomplish? • Increase your unit’s output and meet its goals. • Reduce personnel turnover rates. • Backfill knowledge gaps created by turnover and retirements. • Move workers into management roles by equipping them with the proper skills. • Champion high quality collaboration and teamwork
Let Trident Technical College Continuing Education Contract Training Consultants help you navigate on the right path to achieve your goals. Our solutions-focused, customized training curriculums are tailored to fit your specific needs. • Flexible hours of training: Do you need a quick series of classes so employees are not taken away from their duties for very long? Or would you prefer training programs that are extended over a longer period of time? Both options are available to you. • Flexible instruction location: Do you need training to occur on your company’s premises, possibly using your own machinery? Or would you rather send employees offsite to a Trident Technical College campus? We can work with you to determine which option is best for your situation. • Flexible curriculum content: Do you want to incorporate some leadership or supervisory skills into your training? Or do you want to focus solely on improving technical skills? We can develop focused sessions or combination ones to fit your needs.
We’re here to help. Take that first step to increase employee morale while meeting your company goals. Contact Lindsay.Ackerson@tridenttech.edu or call 843.574.6054.
www.charlestonbusiness.com |
EDUCATION
55
The connection between education, earnings and job security The highest wage-earners in the Charleston region hold a college degree or higher. Now, initial data from the Federal Reserve of San Francisco shows, as COVID-19 cases have spread, the higher the education level someone has, the more likely they are to remain employed. Increasing educational attainment improves work outcomes whether or not there is a crisis like the coronavirus pandemic.
Educational attainment for population 25 years and over, 2018
3+6+231782716 4+8+302411167 3+7+2824111710 2.4%
Less than 9th grade
15.4%
Graduate or professional degree
6.1%
CHARLESTON COUNTY
27.3%
279,695
8.2%
Associate’s degree
17.8%
Some college, no degree
3.4%
Less than 9th grade
Graduate or professional degree
22.7%
High school graduate (includes equivalency)
Population 25 years and over:
Bachelor’s degree
7.9%
9th to 12th grade, no diploma
3.1%
9.6%
Less than 9th grade
Graduate or professional degree
7.8%
15.9%
Bachelor’s degree
9th to 12th grade, no diploma
BERKELEY COUNTY
Population 25 years and over:
10.9%
Associate’s degree
18.3%
Bachelor’s degree
138,148
Population 25 years and over:
29.7%
High school graduate (includes equivalency)
DORCHESTER COUNTY
103,927
11.6%
6.8%
9th to 12th grade, no diploma
27.7%
High school graduate (includes equivalency)
Associate’s degree
22.9%
24.3%
Some college, no degree
Some college, no degree
Median earnings of population 25 years and over, 2018
Berkeley
Charleston
Dorchester
$70K $60K
THE TREND:
HIGHER DEGREE ATTAINMENT RESULTS IN HIGHER WAGES
$50K $40K
The highest median earnings are found in Charleston County, which also has the highest percentage of residents with an associate’s degree or higher at 50.9%.
$30K
56
$31,373 $27,481 $31,390
$36,394 $34,032 $38,843
$50,214 $52,079 $51,142
$64,101 $66,665 $59,020
$37,644 $40,913 $40,158
$10K
$23, 562 $18,868 $21,542
$20K
Less than high school graduate
High school graduate (includes equivalency)
Some college or associate’s degree
Bachelor’s degree
Graduate or professional degree
Median Earnings
EDUCATION | www.charlestonbusiness.com
Source: U.S. Census Bureau American Community Survey five-year estimates, 2018
Educational attainment and job security in the U.S. during COVID-19 era Unemployment by education level
Job loss relative to working-age population shares
The percentage of the population for those with a bachelor’s degree or higher and those with a high school diploma or less is about the same, but those with a bachelor’s or higher have experienced much less of the total job loss because of the coronavirus pandemic.
20% Between February and May, the unemployment rate for workers with a high school diploma or less rose more than 12%, while the rate for workers with a bachelor’s degree or higher rose 5.5%.
18% 16%
Percentage of workingage population
60%
Percentage of U.S. job loss from February to May 2020
50% 40%
14%
30% 20%
12%
10% 0%
High school or less
10%
High school or less
Some college
Bachelor’s or higher
8%
The ability to telework as a response to COVID-19
6%
Some college
4% 2% 0% 2000
Some college
Bachelor’s or higher 2002
2004
2006
2008
2010
2012
A Pew Research Center study found 65% of workers with a bachelor’s degree or higher reported teleworking as a response to the coronavirus pandemic. Only 22% of those with a high school diploma reported teleworking.
High school or less
2014
2016
2018
2020
Bachelor’s or higher 0%
Note: Gray bars indicate recession dates
10%
20%
30%
40%
50%
60%
70%
Source: Federal Reserve Bank of San Francisco
DID YOU KNOW? 92% of our subscribers find the advertising in the Business Journal helpful in making either personal or business purchasing decisions. 82% of Business Journal
subscribers influence purchasing decisions.
NOW YOU KNOW.
The Charleston Regional Business Journal is the market leader in business news and information in the Lowcountry. Connect your business to Lowcountry decision-makers.
92% of our subscribers
have taken at least one action as a result of reading advertisements in the publication. For advertising information, contact Grady Johnson at (843) 849-3103 or gjohnson@scbiznews.com www.charlestonbusiness.com |
EDUCATION
57
Import, Export and Distribution The S.C. State Ports Authority was on track for another record-setting year in 2020 before the coronavirus pandemic hit. Container volume plummeted in the spring as plants worldwide shuttered or cut production. Port traffic was severely impacted by shutdowns at S.C. automakers Volvo and BMW, but those numbers rebounded well in the summer.
FAST FACTS
2.53%
$42.7 BILLION
Annual increase in vehicles moving
The Charleston metro region’s annual
through S.C. Ports in FY2020 over FY2019,
gross domestic product for 2018.
despite impacts of pandemic.
PAGE 62
PAGE 60
SECTION SPONSOR
58
IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
Your Complete Supply Chain Solution Your Complete Supply Chain Solution Your Complete Supply Chain Solution Your Complete Supply Chain 1400 Pierside St., Bldg. 190, North Charleston, SC 29405Solution | 843-779-0199
• International & Local Shipping • Warehouse Storage • Deep Water Pier for Loading and Offloading Ships & Barges • ABS/Inland Barge and Ship Repairs
• Container Storage • Trucking
• Dual served Rail Access
• Easy Intermodal Access
• Slip Services • Workforce Availability – access to local and qualified job force • Marine Construction and Earthmoving Services
1400 Pierside St., Bldg. 190, North Charleston, SC 29405 | 843-779-0199 1400 PiersideMaster St., Bldg. 190, North Charleston, SC 29405 | 843-779-0199 Mariners • Expert Operators • Supply Chain Specialists 1400 Pierside St., Bldg. 190, North Charleston, SC 29405 | 843-779-0199 Master Mariners • Expert Operators • Supply Chain Specialists
S.C. State Ports Authority Total pier containers – 2019
– 2020
-0.8% 120,000
119,042
118,943
– Percent Change
-13.0% +10.1%
118,048
116,443
110,927
105,003
100,794
100,000
-17.0%
-13.4%
120,717
100,810
-21.2% 112,988
97,966 89,027
80,000
THE TREND:
TOTAL PIER CONTAINERS LOSING GROUND AS PANDEMIC CONTINUES The gap between 2019 and 2020 continues to grow since the beginning of the coronavirus pandemic. However, FY2020 pier container volume was only down 3.4% from FY2019. This suggests that prior to the pandemic’s arrival, the port was on track for a record year.
60,000
40,000
20,000
0
January
February
March
April
Vehicles moving through the port 14,298 15,577
January
18,443
March April May June
9,036 2,318 14,376
– 2019
– 2020
June
– Percent Change
+8.9% 19,052 18,156
February
May
-4.7% 24,755
19,415
-53.5%
19,938
-88.4%
18,438
-22.0%
+34.2%
THE TREND:
VEHICLE ACTIVITY AT THE PORT PLUMMETS With the onset of the coronavirus pandemic, BMW and Volvo ceased operations, causing a dramatic drop in vehicles moving through the port. Despite that, 2.53% more vehicles moved through the port during FY2020 than in FY2019. June 2020 numbers were up 520% over May 2020 suggesting a strong resurgence.
Source: S.C. State Ports Authority
60
IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
The 14,000-TEU APL Sentosa docks at the Wando Welch Terminal on the Wando River. (Photos/English Purcell, SPA)
South Carolina importing and exporting TOP 5 COUNTRIES SENDING IMPORTS TO S.C., 2019 Germany
China
3.7%
9.7%
from 2015
from 2015
Mexico
Canada
40.4%
TOP 5 COUNTRIES RECEIVING EXPORTS FROM S.C., 2019 Japan
-0.5%
-4.4%
from 2015
from 2015
from 2015
$8B $7B $6B
1.0%
from 2015
$7.3B
$6.9B $6.6B
$6.4B $6.8B
$6.9B $6.6B
$5.9B
After three straight years of growth, China’s numbers have dropped 11% since 2018. This is likely due to ongoing tariffs.
Canada
-2.6%
from 2015
14.9%
from 2015
UAE
Mexico
345.2%
$3.4B
3.7%
from 2015
from 2015
$4.8B
$1B 0 2016
2017
$5.6B
$4B
$4.5B $3.7B
$3.8B
$3.5B
$3.6B
$3B $2.8B $2.8B
$2.1B
$4.0B
$1B
2018
2019
$4.0B
$3.8B
The UAE has grown rapidly since 2017
$2.8B
$2.6B
$2.4B $2.2B $2.1B
$2.4B
$2.3B
$1.5B
$1.4B
$1.3B
$6.5B
$5B
$2B $1.5B
-27.2%
from 2015
$6.5B
$3.0B
$2.8B
UK
$6.2B
$6B
$3.9B
$3.6B
$3B $2.9B $2B
Germany
$7B
$5B $4B
China
$1.2B $533M
0 2016
$395M
2017
2018
Source: U.S. Census Bureau
2019 Source: U.S. Chamber of Commerce
Gross domestic product by metropolitan area, 2007-2018
2007 GDP
Percentage change from 2007-2018
2018 GDP
42.0%
69.3%
Measured in Billions of US Dollars
$80B $70B $60B
55.7%
64.1%
$50B
55.7%
$40B $30B
57.7%
49.1%
62
$49.4B $83.7B
$29.8B $46.4B
$60.4B $85.8B
$30.1B $43.1B
$14.2B $22.4B
Asheville, N.C.
$26.0B $42.7B
$20.3B
$10B
$13.6B
$20B
Charleston
Raleigh, N.C.
Greenville
Richmond, Va.
Columbia
Savannah
Source: U.S. Department of Commerce, Bureau of Economic Analysis
IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
Visibility. Predictability. Flexibility. See why the world connects here.
SCSPA.COM
®
Inland port rail moves 20,000
+8.7%
18,000 16,000
+20.7% 16,817
16,085 14,789
14,000
-7.7% 16,770
– 2019
-41.7%
-35.9% 18,141
THE TREND:
BMW WORK STOPPAGE HITS INLAND PORT IN GREER; DILLON PORT NUMBERS UP
15,484
13,933
12,691 11,626
12,000
9,994
10,000 8,000 6,000 4,000 2,000 0
January
February
March
April
May
– Percent Change
-26.5% 17,268
17,135
– 2020
June
BMW is the primary client of the SCSPA inland port in Greer. When BMW halted production in the spring because of the pandemic, activity at the inland port dropped dramatically. However, FY2020 inland port activity was virtually even to FY2019, only down 0.1%. A 9.7% increase in rail moves at the Dillon inland port boosted FY2020 numbers. Source: S.C. State Ports Authority
SOUTH CAROLINA PORTS AT YOUR FINGERTIPS With distribution provided by the Port of Charleston to their global audience of partners, prospects and clients - there is an opportunity for you to reach your target audience.
Contact us today to learn more about advertising opportunities in our collection of port publications.
Grady Johnson: 843-849-3103 or gjoohnson@scbiznews.com
64
IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
Cruise passengers 30,000
+45.8%
-100%
+91.8%
26,522
-33.5% 18,188
15,000
17,590
17,486 13,688
-100%
-100%
February
11,623
March
April
0
May
217,673
THE TREND:
5,000
January
213,081
NO SAIL ORDER REMAINS IN EFFECT
15,842
0
– Percent Change
TOTAL CRUISE PASSENGERS
FY2020
10,000
0
– 2020
FY2019
26,712
26,258
25,000
20,000
– 2019
0
Despite cruise industry operations being shut down on March 14, 2020, there were still more cruise passengers that passed through Charleston in FY2020 than FY2019. The industry is banned from operating by the Centers for Disease Control and Prevention until Oct. 1. When it does resume, passenger levels are likely to remain low over COVID-19 concerns.
June Source: S.C. State Ports Authority
www.charlestonbusiness.com |
IMPORT, EXPORT AND DISTRIBUTION
65
Medical and Health Care South Carolina historically has struggled to improve health care access and resources for underserved communities, minorities and low-income people, and those inequities have been amplified by COVID-19 cases during the coronavirus pandemic. The virus has had a devastating impact on Black, Hispanic and other minority populations across the state and nation, while straining the ability of health care facilities to treat more patients.
FAST FACTS
74
68.7%
South Carolina’s highest one-day death total
Percentage of total deaths in S.C. from
to date from COVID-19, recorded on July 25.
COVID-19 in people 71 and older.
PAGE 69
PAGE 70
SECTION SPONSOR
66
MEDICAL AND HEALTH CARE | www.charlestonbusiness.com
Workplace Entry Solutions Get back to business – safely. Our workplace entry solutions can help you and your employees feel better about being back in the workplace by taking extra precautions coordinated through our wellness team. | Occupational Health – DOT Physicals – Drug Screens
– Workers’ Compensation – Pre-Employment Physicals
– Injury Care – Physical Therapy
– PPD/TB Gold Tests – OSHA (CAOHC) Hearing Screenings
| Corporate Health & Wellness On-Site Services – Flu Shot Clinics – Biometric Screenings
– Drug Screens – Health Coaching & Education
Contact your Employer Health Services representative today to discuss custom options for your needs.
– COVID-19 Diagnostic Tests – COVID-19 Antibody Tests
Grand Strand and Lowcountry (843) 238-4520
Midlands (803) 726-0477
Upstate (864) 516-1274
Kitty Howell
Jonathan Pent
Ryan Martin
Director of Business Development
Business Developer
Business Developer
Corporate Health & Wellness (803) 726-3134
Danielle Hickson
Corporate Health and Wellness Coordinator
Employer Health Services Doctors Care provides occupational medicine and corporate wellness to more than 2,500 companies in South Carolina. We help employers reduce costs through efficient in-center scheduling and on-site service support, driving productivity through convenience.
With more than 50 locations across the state, your employees have unparalleled access to our high quality health care services.
Call toll free: 888-845-6887 Email: Sales@DoctorsCare.com Employers.DoctorsCare.com
THE COVID-19 TIMELINE New confirmed cases and deaths in S.C. by day from March 6 - Aug. 3, 2020
Researched and designed by Ryan Wilcox Sources: S.C. DHEC, Office of Gov. Henry McMaster, U.S. Department of the Treasury, John Hopkins Coronavirus Resource Center Note: Daily numbers are from SCDHEC public data released on the given date.
This timeline highlights the major events of the outbreak of COVID-19 cases in South Carolina against the backdrop of new confirmed cases and deaths per day. At the onset of the pandemic in March, restrictions and relief came relatively quickly. As the pandemic stretched into late spring, restrictions were lifted and the virus began to spread more rapidly. As of Aug. 3, new cases began to decline from a high point on July 19. With many schools set to reopen in late August or early September, the forecast for cases remains uncertain. May 18
Confirmed new cases of COVID-19 Confirmed new deaths from COVID-19
Close contact service providers such as exercise centers, gyms, pools, barber shops, salons, tattoo parlors and massage providers were allowed to reopen. There are now 8,942 total cases and 391 deaths in S.C.
March 31
March 17
Gov. Henry McMaster suspends all dine-in service at bars and restaurants and also prohibits public events of over 50 people in publicly owned places. At that time there were 47 total cases in 13 counties in S.C.
March 16
Gov. McMaster closes all nonessential business on the same day the total number of cases exceed 1,000 for the first time and total deaths grow to 22.
March 27
President Donald Trump signs The Cares Act into law, a $2 trillion relief package which included stimulus checks to all Americans, $600 per week assistance to the unemployed and assistance to small business. Johns Hopkins reports there are now 98,600 cases and 2,100 deaths in the U.S.
First COVID-19 death reported in S.C.
March 15
May 4
Gov. McMaster lifts “Work-or-Home” order and restaurants are allowed to offer outdoor dining service in addition to the take-out, curbside and delivery options they had been allowed to continue. Also, the restrictions on travelers from CDC-designated “hot spots” are lifted. At this point, total cases are at 6,757 and 283 people have died.
April 6
March 24
With 28 total cases and no deaths reported, Gov. McMaster closes all schools and colleges.
May 11
Restaurants are allowed to reopen for limited dine-in service, which includes recommendations for 50% occupancy and tables spaced 6 to 8 feet apart. All boating restrictions are also lifted.
The city of Charleston becomes the first place in S.C. to issue a stay-at-home order.
Gov. McMaster issues a statewide “Work-or-Home” order, the 42nd state to issue such an order. People could also leave for essential services or activities. By this time, 2,232 people had been infected and 48 had died in S.C.
April 3
March 23
Gov. McMaster prohibits gathering in groups of three or more outside of one’s home.
Gov. McMaster closes additional nonessential businesses and imposes travel restrictions for people from high-risk areas such as New York.
March 6
The first 2 cases of COVID-19 reported in S.C.
MAR
68
MEDICAL AND HEALTH CARE | www.charlestonbusiness.com
APR
MAY
July 19
The highest single day total of new cases reported, 2,335.
Aug. 3
150 days after the first two cases were reported in S.C., there are 92,404 confirmed cases of COVID-19 and 1,721 confirmed deaths. 1,401 COVID-19 patients are in the hospital on this day, 366 of which are in the ICU and 224 on ventilators. 15.2% of tests conducted on this day are positive.
July 11
Gov. McMaster makes his first new restriction since April 6 by stopping the sale of alcoholic beverages in restaurants and bars after 11 p.m. This is also the highest number of daily cases up to this point with 2,239 reported.
June 19
S.C. records its first one-day total of new cases over 1,000. It took S.C. 25 days to record its first 1,000 cases at the beginning of the outbreak. This raises total cases to 22,608 and total deaths to 639.
July 29
June 12
Gov. McMaster makes mandatory all recommended guidelines for restaurants and other establishments that attract groups, effective Aug. 3. He also encourages local governments to adopt face covering ordinances. Masks would be required in all state government buildings, effective Aug. 5. A number of events and facilities are also permitted to open, including festivals, parades, concerts, theaters and stadiums, contingent on implementing AccelerateSC guidelines.
Gov. McMaster allows bowling alleys to open and lifts restrictions on occupancy at retail establishments.
July 16
With 69 confirmed deaths reported, the total number of COVID-19 deaths passes 1,000 with a total of 1,053.
JUNE
JULY
July 25
The highest singleday total of new deaths reported, 74.
AUG
www.charlestonbusiness.com |
MEDICAL AND HEALTH CARE
69
Percentage of reported cases of COVID-19 vs. deaths by age group in S.C. Reported cases of COVID-19
Data as of Aug. 4, 2020
Deaths from COVID-19
40%
38%
THE TREND:
COVID-19 MORE FATAL IN OLDER POPULATIONS
Though people 50 and under account for 66% of the total cases of COVID-19, they only represent 5.1% of the total deaths. In contrast, those 71 and over account for only 10% of the total cases, yet 66.7% of the deaths have occurred in this age group.
35% 30%
20%
25%
16%
15%
20%
10% 8.8%
10% 5% 0%
19.5%
14%
11%
15%
28.7%
4%
6% 4%
3.3% 0.1%
≤10
0.1%
11-20
1.0%
0.6%
21-30
31-40
41-50
51-60
61-70
71-80
81+ Source: S.C. DHEC
Percentage of reported cases of COVID-19 vs. deaths by race and ethnicity in S.C. Reported cases of COVID-19
Data as of Aug. 4, 2020
Deaths from COVID-19
BY RACE
BY ETHNICITY 82%
80% 70% 60% 50%
55% 50% 44%
40%
41% 34%
34%
30% 20% 12%
9%
10%
3% 0%
70
White
Black
Other
MEDICAL AND HEALTH CARE | www.charlestonbusiness.com
14%
10% 6% 1%
Unknown
1%
Asian, American Indian, Alaskan Native, Native Hawaiian Pacific Islander
4% Hispanic
Not Hispanic
Unknown Source: S.C. DHEC
Projected total deaths from COVID-19 by Nov. 1, 2020 This projection was from July 30, 2020 6,000 5,500 5,000 4,500 4,000
5,587 deaths
THE TREND:
if mandates and restrictions were eased, deaths would continue their upward trajectory
DEATHS DEPEND ON MASK USAGE Projections provided by S.C. DHEC indicate mask usage can save lives during the coronavirus pandemic. The CDC recommends that people wear masks in public settings and when around people who don’t live in your household, especially when other social distancing measures are difficult.
3,232 deaths
3,500
is the current projection
3,000
2,757 deaths
if masks were universally adopted and utilized in South Carolina
2,500 2,000 1,500 1,000 500 0
March 1
April 1
May 1
Observed deaths, smoothed
June 1 Current projection
2019 SYSTEM STATISTICS Doctors 1,000
July 1
Helipads 4
Aug. 1
Sept. 1
Oct. 1
Mandates easing
Nov. 1
Universal masks
Source: S.C. Department of Health and Environmental Control
Experience Matters Emergency Rooms 6
Physician Partner Practice Visits 694,963
Surgeries 29,523
Express Care & Walk-In Care Locations 6 Visits 102,746
Outpatient Visits 231,134
Charity Care Giving Over $40 million
Teammates 5,933
Hospitals 4 acute & 1 rehab ER Visits 146,098
Beds 668
www.rsfh.com
Facilities 117 + in 5 counties Babies Born 3,133
Based on 2019 data
www.charlestonbusiness.com |
MEDICAL AND HEALTH CARE
71
Business Resources and Government A variety of organizations, government agencies and educational institutions provide information for industrial growth, entrepreneurship and doing business among specific sectors and in different counties and communities. A lot of information found in Market Facts comes from these agencies after being distilled to the most comparative data for the Charleston metro region. Direct help can be found by contacting these organizations, which are dedicated to providing avenues for businesses to locate and expand throughout the region and state by offering reliable information and advice.
FAST FACTS
72
802,122
14,000
Number of residents living in the
People who moved into the Charleston region
Charleston region at the end of 2019.
in 2019, down from a high of 18,349 in 2015.
CHARLESTON REGIONAL COMPETITIVENESS CENTER
CHARLESTON REGIONAL COMPETITIVENESS CENTER
BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com
SUBSCRIBE TODAY AND GET IT ALL: VICE T AD
BEST
BES
E
ADVIC
BEST ADVICE
tin, is Mar Phyll adle nty Cr Tri-Cou reer to Ca
ttler, n Ze e Win Gillia leston Char Food and
4 PAGE
E4 5 PAG $2.2 ■
20 ■ - 31, 20 MAY 18
BEST ADVICE
n. Brig. Ge lor Hank Tay
$2.25
Anne Cleveland, Charleston Library Society
PAGE 4
.25 0 ■ $2 E 1 - 14, 202
BEST ADVICE Angela Craig, executive director, Charleston County Public Library
PAGE 4
s inty for businessetional status over smelter a t r e a odds n se for n Landlords, tenants Unced dtaecteisc,Gioooo utrses Creek, Santee Cooper at t told to be ‘human’ a s a s l t s e u s t c ge caol fChi M AY
4-
20 17, 20
APRIL 20 - MAY 3,
network
ork netw
the
JUN
CHARLESTONBUSINESS.COM ■of the VOLUME 26 NUMBER 13 Part esses, ESS.COM l busin ing
network
2020 ■ $2.25
PAGE 4
JUNE 15 - 28, 2020 ■ $2.25
network
Part of the
WHAT’S NEXT?
ulty, 5,000 fac tain re than alumni and sentia at es family, ob g relis, luded mo in g work and inc , administrator rticipated in tend CHA from le visitinices, at s. o pa nts - 20w19ith Part of prices. col and ER 12 ■ rv, it (thge al one orstaff, stude members wh d online survey 75% open market Centupeop or se 26 NUMB cess is at the it can provide ff to well as ht tin s an said. nity s ectioncrea dir pro Je when u up VOLUME mu mer od Hs to ing id gro e Creek says ” rig Berkeley custo as sa com re el, sole ed utility.ps,The thel go ere d lev focus beered inGoos e the plannqudart h is located in S.COM e ofelect forwe goesin well,” ns “If allowric sentia es annt the Colleg diff of th y ic SINES istedoninJan.g,1hewoul erear workshos wa io Aluminum, whic ad do it tion , with electricis ass opera serv ONBU Part f , rantss10w-ye at as ver Hof w to of operat which ltin5,000 acres of ry ty’s Mt. Holly community 4. y begin e. ion ick ll be nsugh Patr CofC inum AR LE ST giou pays. u’s By auiou g Mayutilit d ho tsidvis t,lege) wi Co thou ntly , CH Hs st Coun an bit nd en ou curre or re it th iliftoff ff for yo xed Ready om nt am ct Alum wimily price dock Hodire em ews.c sa ephoff@ ly, artin scbizn alan top un Century 11 ■ ted t totri 6 e Be lif. d also be anne l ty at nearly half the bygeBlu to buy 100% al om y Manag nt PleaIn lin ngtstthe Cawoul erty ad ition whaPa niins MBER onew n onfa prop lley, ng Va hasABase ddop Charleston Joint of By aga s.c municipa e 12 owest said if it is able regi CT, Paundi surro ntarl pe ooter di 26 NU pitalit in Mou do iznH w er, scb Century has Castro and serviced by theSee COFC, Pag com et rates, it could Ch estIMPA owff@ outd tonhas SS.COMLUME lawsuit again n gi Se te os In inwHoff Brpho supports filed at open mark sick By Andy Owens into the city SINE VO kr flight y. toa space be esdre gic pla e’s board Poinblin updisidgo m ateoose An Cree ntr of its electricity en costr collegright tr Ext pr Dou ONBU otelgPreIn tecou d y if necessary. the off North the thecity’s H nlete rescue af C-17by utivese bineostation with the ews. execsiti er over its electricity aowens@scbiznews.com LE ST Coop y Peasctobizn ed to anutilit eston , Page 13 atesarlructio ce zed rick Hs.com Bcam Sante finali ntly receives r- rovric servi erConst idnaycomp Ch CHAR app ci liemdpla opof ite See GOOSE CREEK n,t-de firsthotel Holhe edrean dver e f@ liftwe will7ybe gan Page alert. on ege elect crews e Cooper; 25% ,utilit e en in June Century curre inTh By Patscbie lim ■ ofhim fic oll or znew Sante to th nth provi city. of r ed with is to ph r sh the ss d mo g be wh te act brand to ha ge t as . od oucM xed f@ th ing lascet be annePla icin rates and saidon dualat gh a contr onsto go le. nninto espro ven with the state slowly reopening, the BER 10 dgetuter thbu s tru - u an rn phofto will ste em r dinthpeeop Mcentean are ea rus-inHs r. tu who rlest mber throu Santee Cooper dofmers ’s at at me as is ry NUM Dece rs Re ha rence ly in on wh m an d custo ed ricity C m en confe b ne sum m . statoth s enduem passe coronavirus pandemic has rendered . H progra requiress ow ingcoronavi with of the elect em college, and refer ums Pp A ME 26 this S.fC al thi ssspeci 15 med C , anto co Gov irer th establish a municipal place, . Page Flexibility bubeg sin return e, so erville VO LU rlier al Ana gheCo only nav certain commercial space less valuable t atk to din h s rinweeks of doing r sP’s Cree : dprestigSumm ugyee bly derr ofealeath e roade coro Generallows Goos dege hoplo fouer an er aoryea em aftelace. , they’re stom for many small businesses — but that doesn’t ssem s bu c on l. th ed the en rkp opwo d it eral A finish But aft nd ures fety of cu traffi potentia torethe cuit ch. asse mean you don’t have to pay your rent, accordld d clos sa olsmi : octo se p e Gen e cou assed ar comotes gece13ensure the Padu ing to a Mount Pleasant attorney. id-M ate Hou but th e Senat nate p keep the pr , m to rt sly n Se y, in st th Alex Juncu, an attorney who specializes in ng po mapping cautiooyees. ind is, obviou The Februar before te. The onth to passed rade e e Pivotirts Authority ue contract law, including landlord and tenant of n’t st m d vo empl t in m upg end sent hom ns an tion la dget is s, but th “Firs issues, said landlords and tenants can save a lot S.C. Po th to contin io d emic ares to was eliberat resolu if a buyear en re. AcaCidtadel preprs Hall with of time when renegotiating a lease by knowing g en new pa s growth. the su chief exec f its d ntinuin ent op e fiscal New mea cess is ate’s Hoff f ing. sines By Patrick Hofom The e Cape what’s in the lease and by remembering the at ck m of bu th ild co ro tri names th America H North Kion st p rn Pa a bu ews.c om ve , when te on ting By 13 rick the xes, phoff@scbizn om “human component” in each transaction. replac modern iznews.c e go epus Page vo company’s thee ta dge tw CEO o offor m ff@scb Mixed-usethcam By Patscbiznews.c sn 30 op yet to e bu new s patience, but also be ready to auses pho “Exercise 730 devel co er headquarters. more 8 to Ju ps acros ing clo re cl d in 341, yphoff@ Investment firmby se has cating th oms ovU.S.s an is com Upper mic development grou of thesome concessions,” he said. “When you an lo majeu a compa Page li lo cono intoou lot make g vision rs on’s e th unemp sed Pageor17 force Pepsi property H Com. p ty that sales taxe d country are chasing a t of ized , cades-lon n ton Charlest talled anthe you’ll make a lot more progress do collaborate, l partnend m r , retail n : clo ts with andard in the evende food processing shif lities are ins Coastaapp fruitio odto, ies multifamily, office ncertai sources ed as filed fo s were pan plesame industries — flo when you’re in an adversarial position.” than arel bra ontrac pically st rforctio g the com m er n e, com u amon uti e ow se e fir te ars sl stru ty , con d a pe nu hav sines sula as Upsta stal of and automotive being Page 13 He said landlords and tenants must haveses work ne a aeros t an ines Penin re to s, such as reve h have nians al tractpace bus buessential up with coa ge ilu an rs d partner Industrial ioli fa cle tne ers li u ti pantal gn st ’s B par er. tom t stance . com me whic Caro essen As serv ch in atny mpty Ma ion group. gh, the targe um al, on disaestcus highlights and r on sear vir l thou k vat es g-e opens rc ea Logistics Kontane th en on on, rm te ra wor ci ser ar lon u a Hort n they See LEASING, Page 12 con ard st n er. en n how ton l. d op re So re natu w no ganl gron id . the certai e C tisafacility e jobs in Colle t an n sa Apri warehouse is develFor Heyw reakay inun ted Ashley Riv y’s ne orcit-dent or toda Financial pressu 9 outb w letio Page 3 men ost of from th usedis any that’ll creat rrup par , D.C., gear ng the trying to do COVID-1 focstry ment reope s cing ,shacen dthe ve a ne dw t ugh e indtealo non on that isindu serve tothro aid ed to ” S.C. hospitals imple for m report ies, aBerkeley es t inesfa ve may ha ntracts arlan “What we...’re gt County ired to in bu atBu an center y Rivty.er, of the Colleton Coun to stay A it fted ter us ma ashin Page stat ha Repae automotivemes Volvo. llion14 ost st id m ern -use urb ard the Ashle int m executive director rior n co layoffs, furloughs erion, county’s Airliing Dreamlif ks for Pris a to calm saes . ay ithPag d Hort , whee 15 emic.Policy P ed in W $105 bi h for m ort ni jorncmixed nce, said the of co ma with Upstat turer resu two ented tow , president anCoun ls al we- ic. Keepinsgnot to panic afloat during pand Economic Allia ori nstythe alde a lot ck an stop bas up to , whic the rep orto Boe face mas om Chin Find ways to d ow etf ac le an area: e’s uf on te on ich ab nm other em er r on ar fr bu , ce tu un Bode s, wh goal is like that of any man tion afte Page 9 t-day 5 reason ses and high ’re vid al ye al year ion in sh terbysaaidpaond bring , MUSC er-k that th ving the ifsai ld fa n- d Resource us, investment. d Da they en los cou this fisc tIncubating n ll m thdinof ha fisc eir co produc coronavir out jobs and new is always a process ghy,lan arly e pres Corps) t new over job ent rates. Healthpstate. attrac ns, ab e sically 90 bi t, the ce for a “I onba inOthof Hi of la .” of th y rticul d ow falls 30. Nex life ym desite e ic development to $2sciences punch Page 12 “Comthird ap/Arm nom a’s ally, pa provisionCE d. Th not “Eco ared asab out olinan unemplo t Highlan le fo the U 3 olir a de at sai reporDigital oneo. sibgn ” Horton said. ually legal June ld see upCharleston . (M prep Corridor ar fin erci- d their responMa ol r acres tha le, Bodenman fillin for ate a tleaky bucket, tornad na. w th l. Over g issues Virt em areh n m an Page the 140 of are gfee Page 15 e un aroliCo ng elsewhere into thC shOf em geor cou a separ in a wal velopab 1 million squ s ho Coeinginort, Sou ate’s Law firms settle rf ry tel up closing, movily, so you have to es arincubator ld make th rney and ce. es are deat opens end ry se tes flood pe In at /B ra th st te ou panie 00 st d tte e st u p to lea oto despi at th 1,0 acr to dical a Ba oger , offi bam SoPh the re 12 the at 79 ntract ed for at of ... th a ns perio eytssh working remotely High prex ac ra ever of ne itloinws ahern titl are idential units ret and reaso thac ird ssWestEdge. ouDldillard, Greenville a co eed ion. g to Page what investment and li en tr ail e th d with is th new % n sh es of ch ey it nd a O er of in res le hurdl site ce r ’ hi in h esKy thei kins that se t of always be in pursu t 16 re ro retu ion if th4,000 technology Exctpa e hedule are al ne,gwused to ny are fee ate ; accord e abou about w id, stsaatid% of to replace those zodin Dea re is a clau mof office, caus00 pa just squ e in al Softw rkers to sc hall. r constru nt 8 r be re fun By Alexandria Ng bring id Page tLongrts say full’s tourism away. sa rke co al s. to wo 15glet court Gratert de , 200,0the nt park. te dona n new them es wer ich are center least O maj’teu y from a of roo alsojobs the ms fro dockwo tside unioninsula af ling the in rease utility line s. rv ars teras Expe arleston onbilit picae lly Force wlia rty wereleave wach ” able Charleston ang@scbiznews.com end s. .7Tyacr inc rese nd, wh al, the al to at ou itie fil aff.ord be ye es sues of the prope on for their an hour from Interstate t,acr u shifts ows the pe ” by land opportun of Ch ry may 2 ’ reresemrvoves uphold umstance23 led ou Approximately al fu Upfront gener................................ training nah, with es eq r diys-of Charlest st el Two la gesh13 eclaimed ss rc le to he isCOVID-19 pandemic has taken its 5 ro map serv Briefs ................ indu 15 abng hour me from Savan Colleton County e. InSC rBizreNews d thebocitpa states3 unhi 3 an ho en ci n events sp n an . 2 ny 49Pa b geac “r ........ and ge se ty 18 ........ s id Pa as Pa re to it, ........ e ci m wa fo tc w fo An sa rtai spoton the economy, bringing nationUpfront ........ d ........ site 95 runn d toll ing athrough Pag the ........on3 nue t actioedcuusisenga co ternsula, st4 reDGofETS,un havedceve aim Bestt.Advice .......................... t nsula . luding itself as a reasonably price al unemployment numbers to 13.3% gnolia cenni BU un harlest ..d4peni ge thPoint s te vernmen also ex inc(Photo/Shawnda oBriefs hoon King Street va SC Biz News ,7 Ma en ou ep Poynter) late, May. the protests See during ause the LowbudVantage ioning ago were C ........ s storefronts Many clele plainnts posit , go gill,thee pe..................10-11 all ar........ rs........ to locate in floo cros od sin ausedamaged YearsE, Pageind Chick producers keats that 2 Best ustrial InStFocus: litey in an fire, flork in May and shutting down some businesses : a wAdvicenee astal ub anies looking thre isin RC l .t most cl ............ spita forA,comp n nd Page 6 tion of En:gi n co Clsula er laEngineering e ho reering Poultry viral thre rts. Setoe FOsevera Architecture, ............... eypuwo ou in al permanently. But donors across the country ...... 3 al solu rpIns Focus oralat tes, bu GNOLI s to lioe,rb try. rp MA ing o sition on Engin counand pen Seeinventory e ilHa Upfront ..... s Briefs .......... n s fedin st m e wa19y th After Thtectur questions about ficiConstruction r review 15 ing co looted thon fire, e....... a car watch ze U.S. expo Roll trucks tranprivate hbors. a night of smashed windows, te. 4ti rmy Co sArchi worke ofand lsle............... rallying arePage $3 14 around nonprofits at a time when ar New th o..... ag ........ uction ston n m ..... na p Biz th Constr im t ructio le ..... Ch TON, di SC sio it a re al Triden Const A A COLLE ..... ar o ar and esth .............32 Homebuilders List: of ice ..... the WestEdge jeop Food ss from ing neig try Cheston pr g frd t and he6 rve in some say they are most needed. Charleston-area companiesSee Nor The began the ye and atcurfews, protests arndsinan how public officialsin handledwork Under at the jobsite Best Adv 5 ne 13t togese ent At Workst..............................35 en........ ewide. Pa ....ic in Charleston.once again. msig of 25Charl at busi s to serv Page Tim Winkler is CEO of the Winkler Group, neNG,d..15-23 pment n ........ WestEdgeto restore order to develo ith fuructio In Focus: ources .......... businesses their Distr udy DI ge 8 vern 36 de wConst site at 22 ) equipm worStephen kersPaSlifer..................... uction) n Res h go FLOO partie 19 cape and ing st17 er 20d18witList: tours the Hoffma tive........ ens Lands (Photo/Trident Constr Se m Office Supply .....26 ...one ic...k..... s.2Hu alth Viewpoint .......................... oteeec b re Hospita38lity, . (Photo/Andy Ow co .....ct tr pr Firms he to See NONPROFITS, Page 5 BNG ... t: ..... Page h . a s tectur ... Lis rs al wit C ler rt ton 4 P 6 r ew O Page Archi ffe ow laC. pa rles on ........ ...y...... sc ..............27 of S. ........ bizn and par tne rketing in Cha ipm n hDeagplo oent ity........ .........B...of...f@ s h pers AtniWork ......... ....... 5Equ siness su rs........ 31bour Club y Lis Em insuS.yee ...........Har veoint h Flair Ma ........ Upfront vice ... oe y ..... employee ph studusnB pt:enin s ..... ed...w1819it ical UViewp er of The Small bu cipal wit a Bon s .........gh ad . der 500 ..... 2 Arm o Broker loo..... l manag lers, prin Best AdNews Brief gi u cs n.......... ...... .... 3 es sti COVID-19 esses un lestefit th ne, genera an O’Sullivan Sel ane..... ...... ut ..... , Lo thro ......C...h..ar13Ben pl..... g, fo.....r .M21ed Jim8-Coy ring p..... S.C. busin most affected by Page 2 rts 9 a SC Biz s: Po in Sus rk ...... ............ .. 4 in du ay h ..... ld d in Wo e c ... ... wit ..... le o o At 19 fw li ...th ... Ch .....s..23 ..... ... ID among how they b om alibution ...fl..o g Pro PageMay along s on h es strugg lts ce panic oppers In Focustr puper nt ... Briefs ...... ..... fr ties ..... Lintaesl ... 21 tect ht as Coping with COV Hot in Upfro z News ............ e ni Photo and Di ptoro al asked businesses ...... ek 27 wpoint .....ry ,..... r Frmeigco rohad. us worry that shm fresh o .........rs...is...se...... Vie SC Bi Advice ... Horsiage compaas COVID-1P9ne ..... 15 The Business Journ ess model during the pandemic. Sto sser List: Mok fr fro 20 busin ......n...ginee urism ......... ......... 31 Best cus: Carr season m busiFarm move away nker are shifting their d To ......... At Wors op Who is building what in the Charleston area? oferEties ... ... is In Fo tality an actions ......... 21 may e as they hu t Pr t ............... orp peak son tour Pages 6-12 CHo Projects, companies, prices, projected timelines, photos and stories. e. uc oin Hospi Area Attr ............ .........23 er tin od wp an -p pr Vie in 15 in quar List: ork ......... ............ Page 19 down Page At W point ...... 14 Page View ork netw
ESS e SIN thNBU RLE STO
ning aC Reope
C
T
Part of
BUSIN 9 ■ CHARL ESTON .COM VOLUME 26 NUMBER
bud local
G
T
s naviru agnolia site Co unty E Is coro ractuM al aring cleanup lletong Co ic t e boostin econom n n o c a ?c’ompletion development effort d o G f ‘act o
STILL RUUNCDTIOERN CONST C
E
A
PER O O C E H T OaM thFeARseL HLEY
Nonprofit donations increase despite COVID-19 pressures
cIkTIC O THE AS a R b C g n TO oldi
H
s pre y Corp
ArmINSIDE
E
INSID
H
CARG
INSIDEtential
sents
po
g
oodin
tal fl asIDE o coINS
ion t solut
in renegotiations
INSIDE
T
CHARLESTON UNDER CONSTRUCTION
PRINT EDITIONS:
Business leaders rely on the Charleston Regional Business Journal to provide the Lowcountry business community with the most comprehensive coverage of local business news and analysis.
ANNUAL SUPPLEMENTS:
Our annual supplements offer an in-depth look at Lowcountry business that can’t be found anywhere else. Book of Lists • Profiles in Business Market Facts • Giving Event Planning Guide • Newsmakers
DAILY EMAIL NEWS:
Tip Sheet provides the top business announcements in the Lowcountry. Daily Journal covers the top business news in the Lowcountry every afternoon. Weekend Tip Sheet brings you the top 10 things happening in the Lowcountry this weekend.
Begin your subscription today! Go to charlestonbusiness.com/subscribe to subscribe.
Business Assistance Organizations Center for Business Research 4500 Leeds Ave., Suite 100 North Charleston, SC 29405 843-577-2510 www.charlestonchamber.org/commerce/economiccompetitiveness Source for regional economic and demographic data Charleston Branch Pilots' Association 6 Concord St. Charleston, SC 29401 843-577-6695 www.charlestonpilots.com Chartered by the State of South Carolina to perform a number of functions related to assuring 24 hour, seven days a week logistics and administrative services for the member pilots of the Association Charleston Digital Corridor 385 Meeting St., Suite 100 Charleston, SC 29403 843-607-1264 www.charlestondigitalcorridor.com Community-sourced initiative to attract, nurture and promote the region's tech economy through an array of impactful programs, products and events while leveraging Charleston's renowned livability Charleston Port & Seafarers Society Wando Terminal Mount Pleasant, SC 29464 843-856-7046 www.charlestonseafarers.org Welcome and serve the needs of those men and women who make their livelihood in the port or at sea, without regard for nationality, race, ethnicity, politics or religion Charleston Regional Development Alliance (CRDA) 4401 Belle Oaks Drive, Suite 420 North Charleston, SC 29405 843-767-9300 www.crda.org Full-service economic development organization for Berkeley, Charleston and Dorchester counties; serves as a confidential resource to help streamline the site selection process, assist companies
74
Edisto Chamber of Commerce 42 Station Court Edisto Island, SC 29438 843-869-3867 www.edistochamber.com Supports local business and the community by assisting and promoting the business interests of Edisto with an emphasis on tourism and responsible, environmentally conscious growth Honorary Consul of France in Charleston 1432 Wellesley Circle Mount Pleasant, SC 29466 843-817-4967 www.atlanta.consulfrance.org Liaison with French Consulate in Atlanta Lowcountry Regional Airport Park, Colleton County Economic Alliance 537 Aviation Way Walterboro, SC 29488 843-549-9597 www.cceainc.com Norwegian Honorary Consulate 198 E. Bay St., Suite 101 Charleston, SC 29401 843-577-5782 www.norway.org/embassy/honorary-consulatesgeneral Rooted ID 720 Magnolia Road, Suite 24 Charleston, SC 29407 843-277-0099 www.rootedid.com South Carolina Association for Community Economic Development P.O. Box 20577 Charleston, SC 29413 843-579-9855 www.communitydevelopmentsc.org SCACED provides technical assistance, training and access to capital through funding alerts and relationship-building with local, state and national stakeholders South Carolina Research Authority SCRA 315 Sigma Drive Summerville, SC 29486 843-760-3200 www.scra.org Fuel South Carolinas innovation economy by accelerating technology-enabled growth in research, academia, entrepreneurship and industry
BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com
U.S. Export Assistance Center 5790 Casper Padgett Way, Suite 220 North Charleston, SC 29406 843-746-3404 www.trade.gov/southcarolina Network of international trade specialists and commercial officers in 200 cities worldwide that supports exports of American goods and services
S.C. Trade Associations American Institute of Architects - South Carolina Chapter 803-252-6050 Promote a culture of mentorship and collaboration among our members, in order to support personal and professional development across all firms and career stages American Lung Association in South Carolina 843-556-8451 Save lives by improving lung health and preventing lung disease Carolina Credit Union League 800-822-8859 Primary advocate for credit unions, focusing members’ collective political voice Home Builders Association of South Carolina 843-572-1414 A professional, non-profit; promoting housing for people of all income levels and the production of quality homes Independent Banks of South Carolina 803-537-0414 Advocate for and represent independent community banks in South Carolina Independent Insurance Agents & Brokers of South Carolina 803-731-9460 Provide members with the tools, knowledge and protection they need to serve clients effectively and build a successful agency Manufactured Housing Institute 803-771-9046 Maximize opportunities for South Carolinians to enjoy the benefits of factory-built homes Maritime Association of South Carolina 843-577-7678 A member-based trade association which connects the Maritime Association industry and entities who support maritime commerce
ARE YOU DOING ALL YOU CAN TO PROTECT YOUR MOST VALUABLE ASSETS?
R2P doors are the most innovative forced entry and bullet-resistant doors ever designed: Beautiful, practical and built to save lives. Engineered for the intensity of today’s environment, R2P doors are created using the most advanced military-grade materials, tested using the most extreme standards and customizable to accommodate a variety of commercial/residential security needs and architectural preferences.
GOVERNMENT
SCHOOLS
CORPORATE
INFRASTRUCTURE
R2Pdoors.com 1 ALLIANCE DRIVE GOOSE CREEK, SC 29445 info@R2Pdoors.com
Mental Health America of South Carolina 803-779-5363 Improving the lives of people with mental illness in South Carolina, promoting mental health, preventing mental disorders and achieving victory over mental illness through advocacy, education, research and service Municipal Association of South Carolina 803-799-9574 Offer the services, programs and tools that will give municipal officials the knowledge, experience and tools for enabling the most efficient and effective operation of their municipalities in the complex world of municipal government NAACP South Carolina State Conference 803-754-4584 Ensure the political, educational, social and economic equality of rights of all persons and to eliminate racebased discrimination National Golf Course Owners Association 843-881-9956 Serves as a resource for information and inspiration on how to operate golf facilities as efficiently and profitably as possible
National Guard Association of South Carolina 803-254-8456 Serve as the local arm of the National Guard Association of the Unites States to represent and protect the interests of our nation’s defense and SC Citizen Soldiers Palmetto State Teachers Association 803-256-2065 Organized as an alternative to the union, PSTA believes educators should have the right to join a professional association to have their voices heard S.C. Alliance to Fix Our Roads 803-799-2518 Educate the public and our elected officials about the importance of improving and investing in our transportation infrastructure S.C. Arts Commission 803-734-8696 Offer resources and support to artists, educators and community groups all across our great state S.C. Asphalt Pavement Association 803-252-2522 A non-profit trade association; protect, promote and advance the progress, interest and welfare of the producers of plant mixed asphalt paving materials
South Carolina’s leader in Metal Recycling Container & Onsite Service Usable Steel Sales
Since 1893
Dismantling & Removal
843-722-7278 | charlestonsteelandmetal.com | 843-722-1340
76
BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com
S.C. Association of Convenience Stores 803-419-0804 Dedicated to unifying, serving and representing the convenience store industry of South Carolina S.C. Association of Counties 803-252-7255 Empower county officials through advocacy, education and collaboration S.C. Association of CPAs 803-791-4181 Protect and promote the value of the CPA credential S.C. Association of Health Underwriters 843-779-7009 Represents those individuals engaged in providing products and services that help finance the cost of health care for South Carolina consumers S.C. Association of Nurse Anesthetists 803-931-0696 Promote continuing education among CRNAs in South Carolina
VIRTUAL ENERGY AUDITS By leveraging member kWh data, Berkeley Electric can identify retrofit solutions that reduce energy use and environmental impact without the need for an on-site energy audit. Free virtual audits analyze usage patterns to develop personalized recommendations and include a rate review. Our energy experts can also provide advice on topics like commercial lighting rebates and return-on-investment for solar PV systems.
We’re your source of reliable power. And information.
843-761-8200 www.berkeleyelectric.coop
S.C. Association of Railroads 843-727-2067 Bring information about our industry and its vital economic importance to the South Carolina legislature, government agencies and the general public S.C. Association of Realtors Inc. 803-772-5206 Ensure that the products, programs and services provided to members contributes to their success as real estate professionals
S.C. Association of Tourism Regions Promote and develop travel and tourism as an economic development activity in all areas of South Carolina
S.C. Broadcasters Association 803-732-1186 The trade association for radio and television stations in the state of South Carolina
S.C. Automobile Dealers Association 803-252-0205 Advocates on behalf of its members in public policy, regulatory issues and economic developments impacting the automotive industry
S.C. Cable Television Association 803-708-4851 A non-profit trade association whose members joined together to advance the common interests of the cable industry in South Carolina
S.C. Bankers Association 803-779-0850 S.C. Association of School Administrators Professional trade association organized to effectively 803-798-8380 represent the common interest and welfare of the Strive to have great leaders in every school and district banking industry in South Carolina and to promote the in South Carolina who ensure the success of every professional development of its members and their student employees S.C. Association of Tire Dealers and Retreaders 803-252-7128 Advance and safeguard the business interests of Independent Tire Dealers and Retreaders and to promote cooperative relationships among those in the industry
S.C. Bar 803-799-6653 Con¬tin¬u¬al¬ly im¬prove the ad¬min¬is¬tra¬tion of justice through¬out the State S.C. Beer Wholesalers Association 803-779-3373 A non-profit trade association representing the State’s independent beer wholesalers
S.C. Chapter Alzheimer’s Association 864-224-3045 Eliminate Alzheimer’s disease through the advancement of research; provide and enhance care and support for all affected; educe the risk of dementia through the promotion of brain health S.C. Dental Association 803-750-2277 Represents member dentists in order to promote and provide optimal oral health care to all citizens of the state of South Carolina by serving as an advocate to advance the profession of dentistry
A Personnel Management Temperature Kiosk Will Keep Both Your Employees and Guests Safe
Charleston 7632 Southrail Road |N. Charleston, SC 29420 (P) 843 572 9111 www.saulisbury.com www.charlestonbusiness.com |
BUSINESS RESOURCES AND GOVERNMENT
77
S.C. Economic Developers Association 803-929-0305 A not for profit organization of members whose primary objective is to increase the effectiveness of individuals involved in the practice of economic development in South Carolina by encouraging cooperation, exchange of information and promotion of professional skills
that have the common goal of advancing and enhancing the law enforcement profession in South Carolina
S.C. Education Association 803-772-6553 Advocate for quality public education in South Carolina
S.C. Medical Association 803-798-6207 Provides a voice for the medical profession and creates opportunities to improve the health of all South Carolinians
S.C. Farm Bureau Federation 800-628-4571 Promote agricultural interests in the state of South Carolina and optimize the lives of those involved in agriculture while being respectful to the needs and concerns of all citizens of our state S.C. Forestry Association 803-798-4170 Supporting SC’s wood and paper products industry including manufacturers, timberland owners, foresters, wood dealers and logging companies by promoting sustainable forestry, use of wood and paper products, and working forests S.C. Golf Association 803-732-9311 Promote, preserve and serve the game of golf S.C. Health Care Association 803-772-7511 Empower our members to help improve their patients’ lives by delivering healing and compassionate care to the state’s most vulnerable population – the elderly, frail and disabled S.C. Hospital Association 803-796-3080 A private, not-for-profit organization made up of member hospitals and health systems and personal members associated with our institutional members; serve as the collective voice of the state’s hospital community
78
S.C. Manufacturers Alliance 803-799-9695 Provides a vehicle for all manufacturers to advocate their interests at the legislative, regulatory and executive levels in South Carolina
S.C. Newspaper Network 803-750-9561 Helping advertisers use newspapers effectively and efficiently S.C. Nurses Association 803-252-4781 Represent all South Carolina registered nurses in a membership organization to promote and advocate the role of the registered nurse to improve health for all S.C. Optometric Physicians Association 803-799-6721 Preserve, promote and advance the profession of optometry ensuring access to quality eye care in South Carolina S.C. Petroleum Marketers Association 803-765-9570 The voice for the petroleum marketers in South Carolina S.C. Pharmacy Association 803-354-9977 Serve its members, enabling them to advance the practice and science of pharmacy S.C. Poultry Federation 803-779-4700 Preserve, promote and protect the activities that bring value to stakeholders of the poultry industry in the State of South Carolina
S.C. Independent Colleges & Universities Inc. 803-799-7122 Provide information and resources to assist students and parents, while promoting independent higher education in South Carolina
S.C. Primary Health Care Association 803-788-2778 Represent public and private partnerships working together to improve the health status of their respective communities
S.C. Law Enforcement Officers Association 803-781-5913 A professional association of law enforcement officers
S.C. Restaurant and Lodging Association 803-765-9000 Provide superior value and effective communication
BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com
by being the voice of the foodservice and lodging industry in government and public relations, educational programs, offering operational benefits and creating opportunities for member involvement S.C. School Boards Association 803-799-6607 Advocating for quality public education while ensuring excellence in school board performance through training and service S.C. Society of Professional Land Surveyors 803-771-4271 Advance the public welfare and the professional, social and economic interests of the Land Surveyor by promotion of education, legislation and public relations through the establishment and maintenance of high ethical standards and practices S.C. Specialty Food Association 803-734-0648 Non-profit association seeks to further the development and awareness of the South Carolina specialty foods industry through education, networking, peer support/mentoring and promotions S.C. Telecommunications and Broadband Association 803-779-7282 Pursue statewide strategies that encourage the deployment of technologies that will enable SCTBA members to be the best providers of telecommunication and broadband products and services to South Carolina S.C. Timber Producers Association 803-957-9919 Serve as the voice for timber harvesting and allied timber businesses; advance the ability of its members to professionally, ethically, efficiently, safely, environmentally and profitably harvest, produce and transport timber; providing continuing educational and training opportunities S.C. Trucking Association Inc. 803-799-4306 Advocate, educate and collaborate for successful trucking operations in S.C. Transportation Association of South Carolina Comprised of numerous entities involved in the business of providing quality transportation services United Way Association of South Carolina 803-929-1000 Maximize the capacity and effectiveness of local United Ways and provide leadership on issues that impact the quality of life of South Carolina residents
Chambers of Commerce
Chambers in the Charleston Area, Ranked by No. of Members Chamber
Phone / Website / Email
Top Local Official(s)
No. of Members
Charleston Metro Chamber of Commerce 4922 O'Hear Ave., Suite 101 North Charleston, SC 29405
843-577-2510 www.charlestonchamber.org mail@charlestonchamber.org
Bryan S Derreberry
Greater Summerville Dorchester County Chamber of Commerce 402 N. Main St. Summerville, SC 29483
843-873-2931 www.greatersummerville.org jbrooks@greatersummerville.org
Mount Pleasant Chamber of Commerce P.O. Box 1635 Mount Pleasant, SC 29465
Geographic Coverage
Mission Statement
1,700
Charleston metro area, Charleston, Berkeley and Dorchester Counties
Initiate, advocate and empower our region to advance a prosperous business environment
Caroline Titze, Rita C Berry
750
Greater Summerville; Dorchester, Berkeley and Charleston counties
Protect and promote the quality of life in the community, with specific emphasis in improving economic vitality and providing a favorable business climate
843-800-2258 www.mountpleasantchamber.org info@mountpleasantbusiness.com
Chris Staubes, Shane Griffin, Eddie Phipps
450
Mount Pleasant, Daniel Island, Awendaw, McClellenville, Sullivans Island, Isle of Palms
Encouraging business and community success East of the Cooper
Berkeley Chamber of Commerce 1004 Old U.S. Highway 52 Moncks Corner, SC 29445
843-761-8238 www.berkeleysc.org info@berkeleysc.org
Elaine M. Morgan
430
Greater Berkeley County
Serve as the voice of our members and business community in matters of economic development, education and legislative concerns; support and promote the success of our members through Chamber programs, professional development and leadership
Tri-County Regional Chamber of Commerce - St. George 225 N. Parler Ave. St. George, SC 29477
843-563-8187 www.tri-crcc.com tricounty@tri-crcc.com
Charles Murray, Sandy C. Price
301
Berkeley, Dorchester and Orangeburg counties
Take a proactive role in improving the general welfare, prosperity and quality of life for all citizens of the Tri-County Regional Chamber of Commerce area.
Sea Islands Chamber of Commerce 2817 Maybank Highway, Suite 1 Johns Island, SC 29455
843-793-1234 www.seaislandschamber.org karen@seaislandschamber.org
Karen C. Thompson
150
Folly Beach and James, Johns, Kiawah, Seabrook and Wadmalaw islands
Improve and enhance the economic vitality and the quality of life for the total community and area
North Charleston Chamber of Commerce 7679 Dorchester Road, Suite 400 North Charleston, SC 29418
843-410-0321 www.northcharlestonchamber.org info@northcharlestonchamber.org
Steve Nettles, Alan Thompson
130
City of North Charleston and surrounding community
A catalyst for the economic growth of our members and the community through education; exchanging ideas and information; sharing experiences and solutions; networking and recognition
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by Paige Hardy
Economic Development Organizations Ranked by No. of Employees in the Charleston Area Company
Phone / Website / Email
Top Local Official(s) / Year Founded
South Carolina Research Authority SCRA 315 Sigma Drive Summerville, SC 29486
843-760-3200 www.scra.org info@scra.org
Bob Quinn 1983
40
Fuel South Carolina’s innovation economy by accelerating technology-enabled growth in research, academia, entrepreneurship and industry
Metanoia 2005 Reynolds Ave. North Charleston, SC 29405
843-529-3014 www.pushingforward.org admin@pushingforward.org
Bryan Adams, Bill Stanfield 2004
15
Metanoia is a movement of people rooted in faith; we invest in neighborhood assets to build leaders, establish quality housing, and generate economic development
Charleston Regional Development Alliance (CRDA) 4401 Belle Oaks Drive, Suite 420 North Charleston, SC 29405
843-767-9300 www.crda.org alliance@crda.org
David T. Ginn 1995
14
Full-service economic development organization for Berkeley, Charleston and Dorchester counties. Serves as a confidential resource to help streamline the site selection process, assist companies with issues such as buildings and sites, financing, talent attraction and workforce training. Builds long-term prosperity by attracting the world’s best companies, talent and entrepreneurs.
Charleston County Economic Development 4000 Faber Place Drive, Suite 200 North Charleston, SC 29405
843-958-4511 www.charlestoncountydevelopment.org info@charlestoncountydevelopment.org
Steve Dykes 1993
10
Charleston County Economic Development is dedicated to recruiting new business, growing existing industry and improving Charleston's business climate
Charleston LDC 2 Race St. Charleston, SC 29403
843-973-7298 www.charlestonldc.org info@charlestonldc.org
Steve Saltzman 1979
9
Community-driven nonprofit dedicated to growing the local economy by providing flexible, affordable, and customizable loans to small businesses.
South Carolina Association for Community Economic Development P.O. Box 20577 Charleston, SC 29413
843-579-9855 www.scaced.org kate@scaced.org
Bernie Mazyck 1994
6
Through our network of members and partner organizations, SCACED strives to improve the quality of life for low-wealth families and communities by advancing community economic development and public policy in South Carolina
Dorchester County Economic Development 402 N. Main St. Summerville, SC 29483
843-875-9109 www.dorchesterforbusiness.com info@dorchesterforbusiness.com
John M. Truluck 1989
5
Creating an environment that supports new business growth and retention, enabling companies to succeed for generations; working to strengthen and prepare our community for the future; and providing our citizens with the opportunities to grow and prosper in Dorchester County
Berkeley County Economic Development Department 1003 U.S. Highway 52 Moncks Corner, SC 29461
843-719-4094 www.berkeleymeansbusiness.com webec@berkeleycountysc.gov
Kristen Lanier 1995
4
The Economic Development Department is directly responsible for industry attraction, retention, expansion and workforce development; we work in partnership with key stakeholders to ensure that Berkeley County has what businesses and industries need to succeed
Charleston Digital Corridor 385 Meeting St., Suite 100 Charleston, SC 29403
843-607-1264 www.charlestondigitalcorridor.com info@charlestondigitalcorridor.com
Ernest G. Andrade 2001
3
Community-sourced initiative to attract, nurture and promote the region's tech economy through an array of impactful programs, products and events while leveraging Charleston's renowned livability; focused on creating the business, education and social environment that is attractive to tech and tech-related companies and leverages its care
Trident Technical College Division of Continuing Education & Economic Development 2001 Mabeline Road Charleston, SC 29423
843-574-6152 www.tridenttech.edu/ce cynthia.mcguckin@tridenttech.edu
Bob Walker 1973
Employees
Mission Statement
Workforce development; offer fully customized corporate training programs and consultative services designed to strengthen your teams, motivate your employees and propel your business forward
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
www.charlestonbusiness.com |
Researched by Paige Hardy
BUSINESS RESOURCES AND GOVERNMENT
79
Legislative Representatives S.C. Governor Henry D. McMaster (R) State House 1100 Gervais St. Columbia, SC 29201 803-734-2100 www.governor.sc.gov S.C. Lieutenant Governor Pamela Evette (R) State House 1100 Gervais St. Columbia, SC 29201 803-734-2100 www.governor.sc.gov
U.S. SENATE Lindsey Graham (R) 290 Russell Senate Office Building Washington, DC 20510 202-224-5972 www.lgraham.senate.gov Local office: 530 Johnnie Dodds Blvd., Suite 202 Mount Pleasant, SC 29464 843-849-3887 Tim Scott (R) 104 Hart Senate Office Building Washington, DC 20510 202-224-6121 855-425-6324 www.scott.senate.gov Local office: 2500 City Hall Lane, 3rd Floor Suite North Charleston, SC 29406 843-727-4525
U.S. HOUSE OF REPRESENTATIVES Joe Cunningham (D) 1st Congressional District – Beaufort, Berkeley, Charleston, Colleton, and Dorchester counties 423 Cannon House Office Building Washington, DC 20515 202-225-3176 cunningham.house.gov Local Office 530 Johnnie Dodds Blvd., Suite 201 Mount Pleasant, SC 29464 843-352-7572
James E. Clyburn (D) 6th Congressional District – Allendale, Bamberg, Beaufort, Berkeley, Calhoun, Charleston, Clarendon, Colleton, Dorchester, Hampton, Jasper, Orangeburg, Richland, Sumter and Williamsburg counties 200 Cannon House Office Building Washington, DC 20515 202-225-3315 clyburn.house.gov Local Office 176 Brooks Blvd. Santee, SC 29142 803-854-4700
STATE SENATE
All addresses are in Columbia, SC 29201 Ronnie A. Sabb (D) District No. 32 —Berkeley, Florence, Georgetown, Horry and Williamsburg counties 504 Gressette Building 803-212-6032 RonnieSabb@scsenate.gov
Paul G. Campbell Jr. (R) District No. 44 — Berkeley, Charleston and Dorchester counties 402 Gressette Building 803-212-6230 PaulCampbell@scsenate.gov Margie Bright Matthews (D) District No. 45 — Allendale, Beaufort, Charleston, Colleton, Hampton and Jasper counties 502 Gressette Building 803-212-6108 MargieBrightMatthews@scsenate.gov
STATE HOUSE OF REPRESENTATIVES All addresses are in Columbia, SC 29201
Stephen L. Goldfinch (R) District No. 34 —Charleston, Georgetown and Horry counties 513 Gressette Building 803-212-6172 StephenGoldfinch@scsenate.gov
JA Moore (D) District No. 15 — Berkeley and Charleston counties 432A Blatt Building 803-212-6890 JAMoore@schouse.com
Lawrence K. “Larry” Grooms (R) District No. 37 — Berkeley and Charleston counties 203 Gressette Building 803-212-6400 LarryGrooms@scsenate.gov
Joseph S. Daning (R) District No. 92 – Berkeley County 310C Blatt Building 803-734-2951 JoeDaning@schouse.gov
Sean Bennett (R) District No. 38 — Berkeley, Charleston and Dorchester counties 205 Gressette Building 803-212-6410 SeanBennett@scsenate.gov John W. Matthews Jr. (D) District No. 39 — Berkeley, Calhoun, Colleton, Dorchester and Orangeburg counties 613 Gressette Building 803-212-6056 JohnMatthews@scsenate.gov Sandy Senn (R) District No. 41 — Charleston and Dorchester counties 601 Gressette Building 803-212-6116 SandySenn@scsenate.gov Marlon E. Kimpson (D) District No. 42 — Charleston and Dorchester counties 508 Gressette Building 803-212-6132 MarlonKimpson@scsenate.gov
80
George E. “Chip” Campsen III (R) District No. 43 — Berkeley, Charleston and Colleton counties 305 Gressette Building 803-212-6340 ChipCampsen@scsenate.gov
BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com
Converse A. “Con” Chellis IV (R) District No. 94 – Charleston and Dorchester counties 308A Blatt Building 803-212-6871 ConChellis@schouse.gov Mandy W. Kimmons (R) District No. 97 – Colleton and Dorchester counties 310A Blatt Building 803-212-6973 MandyKimmons@schouse.gov Chris Murphy (R) District No. 98 – Dorchester County 3O8D Blatt Building 803-212-6925 ChrisMurphy@schouse.gov Nancy Mace (R) District No. 99 — Berkeley and Charleston counties 308B Blatt Building 803-212-6717 NancyMace@schouse.gov
Sylleste H. Davis (R) District No. 100 — Berkeley County 414C Blatt Building 803-212-6930 SyllesteDavis@schouse.gov Joseph H. Jefferson Jr. (D) District No. 102 — Berkeley and Dorchester counties 304B Blatt Building 803-734-2936 JosephJefferson@schouse.gov Lee Hewitt (R) District No. 108 – Charleston and Georgetown counties 327D Blatt Building 803-212-6297 LeeHewitt@schouse.gov David J. Mack III (D) District No. 109 — Charleston and Dorchester counties 328D Blatt Building 803-734-3192 DavidMack@schouse.gov William Scott Cogswell Jr. (R) District No. 110 – Charleston County 310B Blatt Building 803-212-6950 WilliamCogswell@schouse.gov Wendell G. Gilliard (D) District No. 111 – Charleston County 328B Blatt Building 803-212-6793 WendellGilliard@schouse.gov F. Michael “Mike” Sottile (R) District No. 112 – Charleston County 310D Blatt Building 803-212-6880 MikeSottile@schouse.gov Marvin R. Pendarvis (D) District No. 113 — Charleston and Dorchester counties 328A Blatt Building 803-212-6716 MarvinPendarvis@schouse.gov Linda “Lin” Bennett (R) District No. 114 — Charleston and Dorchester counties 414D Blatt Building 803-212-6948 LinBennett@schouse.gov Vacant at press time District No. 115 — Charleston County Robert L. Brown (D) District No. 116 – Charleston and Colleton counties 330D Blatt Building 803-734-3170 RobertBrown@schouse.gov
Krystle N. Matthews (D) District No. 117 — Berkeley and Charleston counties 414A Blatt Building 803-212-6879 KrystleSimmons@schouse.gov
Attorney General Alan Wilson Rembert Dennis Building 1000 Assembly St., Room 519 803-734-3970 info@scag.gov www.scag.gov
Leonidas E. “Leon” Stavrinakis (D) District No. 119 — Charleston County 522C Blatt Building 803-734-3039 LeonStav@schouse.gov
S.C. Comptroller General Richard Eckstrom 305 Wade Hampton Office Building 1200 Senate St. 803-734-2121 cgoffice@cg.sc.gov www.cg.sc.gov
OTHER CONSTITUTIONAL OFFICERS
State Superintendent of Education Molly Spearman Rutledge Building 1429 Senate St. 803-734-8500 SCSuptED@ed.sc.gov ed.sc.gov
All addresses are in Columbia, SC 29201 unless noted. Secretary of State Mark Hammond Edgar Brown Building 1205 Pendleton St., Suite 525 803-734-2170 www.scsos.com State Treasurer Curtis M. Loftis Jr. Wade Hampton Building 1200 Senate St., Suite 214 803-734-2101 treasurer@sto.sc.gov www.treasurer.sc.gov
Commissioner of Agriculture Hugh E. Weathers Wade Hampton Building 1200 Senate St., 5th Floor P.O. Box 11280 Columbia, SC 29211 803-734-2190 hweathe@scda.sc.gov agriculture.sc.gov Adjutant General Maj. Gen. Van McCarty 1 National Guard Road 803-806-4217 www.scguard.com
OTHER STATEWIDE OFFICES S.C. Secretary of Commerce Robert M. “Bobby” Hitt III 1201 Main St., Suite 1600 803-737-0400 info@sccommerce.com www.sccommerce.com Commerce Director of Targeted Rural Strategy and Special Projects
Berkeley SC Works Center This center was closed to the public at press time 325 Main St. Moncks Corner, SC 29461 843-761-4400 Dorchester SC Works Center 1325-A Boone Hill Road Summerville, SC 29483 843-574-1800
Maceo Nance, director 1201 Main St., Suite 1600 803-737-0440 mnance@sccommerce.com www.sccommerce.com S.C. Department of Employment and Workforce Executive Director Dan Ellzey 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 dew.sc.gov dellzey@dew.sc.gov Charleston SC Works Center 1930 Hanahan Road, Suite 200 North Charleston, SC 29406 843-574-1800
POWER TO SUCCEED
Thanks to Santee Cooper resources like lowcost, reliable power, creative incentive packages and a wide-ranging property portfolio, South Carolina shatters the standard for business growth. In fact, since 1988, Santee Cooper has helped generate more than $15 billion in investment and helped bring nearly 80,000 new jobs to our state. It’s how we’re driving Brighter Tomorrows, Today.
www.poweringSC.com
www.charlestonbusiness.com |
BUSINESS RESOURCES AND GOVERNMENT
81
County Governments BERKELEY COUNTY GOVERNMENT
CHARLESTON COUNTY GOVERNMENT
Supervisor Johnny Cribb 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4094 johnny.cribb@berkeleycountysc.gov www.berkeleycountysc.gov
Lonnie Hamilton III Public Services Building 4045 Bridge View Drive North Charleston, SC 29405 843-958-4000 www.charlestoncounty.org
County Council Dan Owens, District 1 dan.owens@berkeleycountysc.gov Joshua Whitley, District 2 843-696-9094 josh.whitley@berkeleycountysc.gov Phillip Obie II, District 3 843-532-6243 phillip.obie@berkeleycountysc.gov Tommy Newell, District 4 843-442-2109 tommy.newell@berkeleycountysc.gov Brandon Cox, District 5 brandon.cox@berkeleycountysc.gov Jack H. Schurlknight, District 6 843-830-1804 jack.schurlknight@berkeleycountysc.gov Caldwell Pinckney Jr., District 7 803-492-3150 caldwell.pinckney@berkeleycountysc.gov Steve C. Davis, District 8 843-761-7727 steve.davis@berkeleycountysc.gov Economic Development Kristen Orvin Lanier, interim director 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4301 kristen.lanier@berkeleycountysc.gov www.berkeleymeansbusiness.com Auditor Janet Brown Jurosko P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4309 janet.jurosko@berkeleycountysc.gov Treasurer Carolyn Umphlett P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4040 carolyn.umphlett@berkeleycountysc.gov
82
East Cooper Service Center 1189 Sweetgrass Basket Parkway, Suite 400 Mount Pleasant, SC 29466 North Area Service Center Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Charleston, SC 29405 St. Paul’s Service Center 5962 S.C. Highway 165 Ravenel, SC 29470 Administrator Bill Tuten 843-958-4000 www.charlestoncounty.org County Council Herbert Ravenel “Herb” Sass III, District 1, vice chairman 843-766-7500 hsass@charlestoncounty.org Dickie Schweers, District 2 843-513-9229 dickieschweers@tds.net J. Elliott Summey, District 3, chairman 843-958-4031 esummey@charlestoncounty.org Henry Darby, District 4 843-901-6793 henrydarby@msn.com Teddie E. Pryor Sr., District 5 843-958-4030 tpryor@charlestoncounty.org A. Victor “Vic” Rawl, District 6 843-766-7334 vrawl@charlestoncounty.org C. Brantley Moody, District 7 843-270-2483 bmoody@charlestoncounty.org Anna B. Johnson, District 8 843-795-3970 ajohnson@charlestoncounty.org Jenny Costa Honeycutt, District 9 843-693-6447 jhoneycutt@charlestoncounty.org
BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com
Economic Development Steve Dykes, executive director 4000 Faber Place Drive, Suite 200 North Charleston, SC 29405 843-958-4511 sdykes@charlestoncounty.org www.charlestoncountydevelopment.org Auditor Peter Tecklenburg O.T. Wallace County Office Building 101 Meeting St., Room 101 Charleston, SC 29401 843-958-4200 ptecklenburg@charlestoncounty.org Treasurer Mary Tinkler O.T. Wallace County Office Building 101 Meeting St., Room 108 Charleston, SC 29401 843-958-4360 mtinkler@charlestoncounty.org
DORCHESTER COUNTY GOVERNMENT St. George Office (Main): Kenneth F. Waggoner Building 201 Johnston St. St. George, SC 29477 Summerville Office: 500 N. Main St. Summerville, SC 29483 843-563-0100 www.dorchestercountysc.gov Administrator Jason L. Ward 201 Johnston St. St. George, SC 29477 843-563-0100 County Council Harriet Holman, District 1 843-563-0196 HHolman@DorchesterCountySC.gov David Chinnis, District 2, vice chairman 843-801-2326 DChinnis@DorchesterCountySC.gov George Bailey, District 3, chairman 843-563-2314 GBailey@DorchesterCountySC.gov Larry Hargett, District 4 843-514-7135 Hargett1940@gmail.com Eddie Crosby, District 5 843-832-0196 ECrosby@DorchesterCountySC.gov
William R. “Bill” Hearn Jr., District 6 843-442-5787 Bill.WRHearn@gmail.com Jay Byars, District 7 843-324-6732 ByarsJ@gmail.com Economic Development John M. Truluck, director 402 N. Main St. Summerville, SC 29483 843-875-9109 jtruluck@dorchestercountysc.gov www.dorchesterforbusiness.com Auditor James “JJ” Messervy Jr. Main Office: 843-563-0118 Summerville Office: 843-832-0118 Treasurer Cindy L. Chitty Main Office: 843-563-0165 Summerville Office: 843-832-0165 cchitty@dorchestercounty.net www.dorchestercountytaxesonline.com
Regional Municipalities Awendaw Mayor Miriam C. Green 6971 Doar Road Awendaw, SC 29429 843-928-3100 miriamcgreen@gmail.com www.awendawsc.org Planning Director: Judy Muldrow, 843-931-8125; planningawendaw@tds.net Bonneau Mayor Rembert E. Wrenn 420 Municipal Lane Bonneau, SC 29431 843-825-3385 Clerk to Council: Liz Wrenn, bonneau.clerk@tds.net Charleston Mayor John J. Tecklenburg 80 Broad St. Charleston, SC 29401 843-577-6970 tecklenburgj@charleston-sc.gov www.charleston-sc.gov Clerk to Council: Vanessa Turner Maybank, 843-724-3729; maybankv@charelston-sc.gov Folly Beach Mayor Timothy Goodwin 21 Center St. Folly Beach, SC 29439 843-588-2447 www.cityoffollybeach.com Director of Public Works, Facilities and Building: Eric Lutz, 843-708-9982; elutz@cityoffollybeach.com Zoning Administrator: Aaron Pope, 843-513-1839; apope@cityoffollybeach.com Goose Creek Mayor Gregory S. Habib 519 N. Goose Creek Blvd. Goose Creek, SC 29445 843-797-6220 www.cityofgoosecreek.com City Administrator: Jake Broom, 843-797-6220, ext. 1115; jbroom@cityofgoosecreek.com Hanahan Mayor Christie Rainwater 1255 Yeamans Hall Road Hanahan, SC 29406 843-554-4221 crainwater@cityofhanhan.com www.cityofhanahan.com City Administrator: Mike Cochran, 843-5765250; mcochran@cityofhanahan.com Harleyville Mayor Charles Ackerman 122 W. Main St. Harleyville, SC 29448 843-462-7676 www.harleyvillesc.com
Hollywood Mayor John Dunmyer III 5150 S.C. Highway 165 Hollywood, SC 29449 843-889-3222 www.townofhollywood.org Planner/Zoning Administrator: Roy DeHaven, planner@townofhollywood.org Isle of Palms Mayor Jimmy Carroll 1207 Palm Blvd. Isle of Palms, SC 29451 843-886-6428 jcarroll@iop.net www.iop.net Administrator: Desiree Fragoso, desireef@iop.net James Island Mayor Bill Woolsey 1122 Dills Bluff Road James Island, SC 29412 843-795-4141 mayorwoolsey@jamesislandsc.us www.jamesislandsc.us Building Official: John Porcelli, jporcelli@jamesislandsc.us Planning Director: Kristen Crane, kcrane@jamesislandsc.us Jamestown Mayor Roy P. Pipkin 7604 S.C. Highway 41 Jamestown, SC 29453 843-257-2233 Clerk to Council: Chris Pipkin Kiawah Island Mayor Craig E. Weaver 4475 Betsy Kerrison Parkway Kiawah Island, SC 29455 843-768-9166 cweaver@kiawahisland.org www.kiawahisland.org Building Official: Bruce D. Spicher, 768-5107; bspicher@kiawahisland.org Lincolnville Mayor Charles B. Duberry 141 W. Broad St. Lincolnville, SC 29485 843-873-3261 cdmayor@bellsouth.net McClellanville Mayor Rutledge B. Leland III 405 Pinckney St. McClellanville, SC 29458 843-887-3712 www.townofmcclellanville-sc.net Zoning Administrator: Kathryn S. Basha, mcclellanvillezoning@tds.net
Meggett Mayor Harry V. “Buster” Herrington 4776 S.C. Highway 165 Meggett, SC 29449 843-889-3622 busterherrington@comcast.net www.townofmeggettsc.org Clerk to Council: Ali Ravenel, clerk@townofmeggettsc.org
Rockville Mayor Riley A. Bradham P.O. Box 9 Wadmalaw Island, SC 29487 843-214-0539 rileybradham@att.net www.townofrockville.com Town Clerk: Connie Stogsdill, townclerkofrockville.com
Moncks Corner Mayor Michael A. Lockliear 118 Carolina Ave. P.O. Box 700 Moncks Corner, SC 29461 843-719-7900 mike@batesinsg.com www.monckscornersc.gov Town Administrator: Jeffrey V. Lord, 843-719-7910; jeff.lord@monckscornersc.gov
St. George Mayor Kevin Hart 305 Ridge St. St. George, SC 29477 843-563-3032 mayor@townofstgeorgesc.org www.saintgeorgesc.org Business License Official: Annette L. Moore, 843-563-7161; g.town@bellsouth.net
Mount Pleasant Mayor Will Haynie 100 Ann Edwards lane Mount Pleasant, SC 29464 843-884-8517 whaynie@tompsc.com www.tompsc.com Town Administrator: Eric DeMoura North Charleston Mayor R. Keith Summey 2500 City Hall Lane North Charleston, SC 29406 843-554-5700 mayor@northcharleston.org www.northcharleston.org Clerk to Council: Ellen Clark, 843-740-2502; ellenclark@northcharleston.org Ravenel Mayor Stephen W. Tumbleston 5962 S.C. Highway 165, Suite 100 Ravenel, SC 29470 843-889-8732 stevetumbleston@gmail.com www.townofravenel.com Planning and Zoning Administrator: Michael D. Hemmer, 618-719-6556; mikehammer@comcast.net Reevesville Mayor Paul Wimberly 6800 Johnston Ave. Reevesville, SC 29471 843-563-9122 pwimb@ntinet.com Ridgeville Mayor Clarence Hughes Jr. 105 School St. Ridgeville, SC 29472 843-871-7960 ceh.ridgevillemayor@gmail.com Town Clerk: Sandra Winn, ridgevilleclerk.treasurer@gmail.com
www.charlestonbusiness.com |
St. Stephen Mayor John W. Rivers 124 Hood St. St. Stephen, SC 29479 843-567-3597 jrivers@townofststephen.com Chief Building Official: Hank Jackson Seabrook Island Mayor John W. Gregg 2001 Seabrook Island Road Seabrook Island, SC 29455 843-768-9121 jgregg@townofseabrookisland.org www.townofseabrookisland.org Licenses and Permit Specialist: Lynda Stearns, lstearns@townofseabrookisland.org Sullivan’s Island Mayor Patrick M. O’Neil 2056 Middle St. Sullivan’s Island, SC 29482 843-883-3198 oneilp@sullivansisland.sc.com www.sullivansisland.sc.gov Administrator: Andrew Benke, 843-883-5726; abenke@sullivansisland.sc.gov Summerville Mayor Ricky Waring 200 S. Main St. Summerville, SC 29483 843-871-6000 rickywaring@summervillesc.gov www.summervillesc.gov Town Administrator: Rebecca Vance, 843-851-4209; rvance@summervillesc.gov
BUSINESS RESOURCES AND GOVERNMENT
83
Index Real Estate.........................................................................................................6
Education.........................................................................................................50
Residential home sales in the Charleston region...................................................................................................... 8
COVID-19 impact on education...........................................................................................................................................52
New listings in the Charleston region.............................................................................................................................. 8
Enrollment analysis.................................................................................................................................................................54
Inventory of homes for sale in the Charleston region............................................................................................. 9
Annual college tuition costs................................................................................................................................................55
Pending sales in the Charleston region.........................................................................................................................10
The connection between education, earnings and job security.....................................................................56
Median sales price in the Charleston region...............................................................................................................10 Charleston region office market, Q2 2020.....................................................................................................................12
Import, Export and Distribution....................................................................58
Office submarket comparison, Q2 2020.........................................................................................................................13
S.C. State Ports Authority......................................................................................................................................................60
Charleston region industrial market, Q2 2020............................................................................................................14
South Carolina importing and exporting......................................................................................................................62
Industrial market summary statistics, Q2 2020.........................................................................................................15
Gross domestic product by metropolitan area, 2007-2018..................................................................................62
Industrial Buildings...................................................................................................................................................................16
Inland port rail moves.............................................................................................................................................................64
Charleston-area apartment market.................................................................................................................................18
Cruise passengers....................................................................................................................................................................65
Architecture, Engineering and Construction..............................................20
Medical and Health Care................................................................................66
New private housing units authorized by building permits in S.C..................................................................22
The COVID-19 Timeline: New confirmed cases and deaths in S.C. by day from March 6 - Aug. 3, 2020.........................................68
Mining, Logging, and Construction employment in Charleston-North Charleston, SC MSA.............22 Total construction costs for S.C. metro areas.............................................................................................................24 Housing building permits for S.C. metro areas..........................................................................................................24 Number of construction companies by county........................................................................................................26 Average weekly wage for construction jobs by county........................................................................................ 27 New construction homes for sale in the Charleston region..............................................................................28 S.C. construction costs mostly below U.S. average, 2019....................................................................................29 Construction in the Charleston region industrial market by sector, Q2 2020...........................................30 Percent change in multifamily building permits in S.C.........................................................................................31 Charleston under construction..........................................................................................................................................32
Percentage of reported cases of COVID-19 vs. deaths by age group in S.C................................................70 Percentage of reported cases of COVID-19 vs. deaths by race and ethnicity in S.C..............................70 Projected total deaths due to COVID-19 by Nov. 1, 2020.........................................................................................71
Business Resources and Government.......................................................... 72 Business Assistance Organizations.................................................................................................................................74 S.C. Trade Associations............................................................................................................................................................74 Chambers of Commerce........................................................................................................................................................79 Economic Develpment Organizations............................................................................................................................79 Legislative Representatives................................................................................................................................................80
Financial Services..........................................................................................36 South Carolina banking performance............................................................................................................................38 PPP data for South Carolina................................................................................................................................................40
Demographics and Economic Development...............................................42 Initial unemployment claims in S.C.................................................................................................................................44 Unemployment rate from March - June 2020.............................................................................................................45 Job loss by industry in S.C. from February - June 2020.........................................................................................46 2019 Charleston-area population......................................................................................................................................47 Leisure and Hospitality employment in Charleston-North Charleston, SC MSA......................................48 South Carolina statewide lodging outlook report, June 2020...........................................................................49
84
www.charlestonbusiness.com
County Governments...............................................................................................................................................................82 Regional Municipalities.........................................................................................................................................................83