INVESTOR UPDATE AUGUST 2015
MORE INFORMATION AVAILABLE AT WWW.CHARLESTONCHAMBER.NET OR CALL 843.577.2510
DRIVING GROWTH. Becoming a world-class metropolitan region. CONTENTS Letter from Leadership
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Innovation 2 Talent 4 Advocacy 6 AGC Investors
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4500 Leeds Avenue, Suite 100 North Charleston, SC 29405 www.charlestonchamber.net p: 843.577.2510
Dear Accelerate Greater Charleston Partner: In this third quarter of 2015, multiple projects are rapidly progressing, optimizing our region’s assets through Accelerate Greater Charleston. Through significant gains in our core areas of Innovation, Talent and Advocacy, the Charleston region is cementing its position as a dynamic, globally competitive business community. International trade, a crucial sector of economic prosperity, is attracting small-to medium-sized businesses that are eager to increase sales by exporting goods and services to other countries. Export training provided by the Chamber and World Trade Center Charleston gives businesses the knowledge and tools they need. Read more about the next Export Training session as well as the recent International Trade Luncheon, which attracted more than 100 company leaders to hear about the global business outlook. Your support of Accelerate Greater Charleston is helping us make major strides in building our local talent pipeline. With the start of the 2015/2016 school year, thousands of students will participate in Career Academies which are now operating region-wide in three school districts. Fifteen scholarship recipients are preparing to begin college thanks to AGC, many of whom will be the first in their families to extend their education beyond high school. And 46 students will begin their apprenticeships, working at local companies while also attending school, again, thanks to Accelerate Greater Charleston. Legislative progress shows the importance of working closely with our elected leaders to improve the region’s business environment. The removal of the Confederate Flag from our State House grounds – a tremendous win for both the region and the state – involved intensive action by the Charleston Metro Chamber, one of the first business organizations to call for its removal. Read more about this and other Advocacy activities that are pivotal to our region’s success. As we continue in this fourth year of the campaign, we are proud of the accomplishments, made possible by your partnership in this important work for the future of metro Charleston. Accelerate Greater Charleston is working, thanks to your continued support and investment. Respectfully yours,
Laura G. Varn 2015 Chair of the Board Charleston Metro Chamber of Commerce
Bryan S. Derreberry President and CEO Charleston Metro Chamber of Commerce
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INNOVATE TO CATALYZE DYNAMIC AND FAST-PACED BUSINESS SUCCESS Building a thriving economy to secure our region on the global commerce stage is made possible through Accelerate Greater Charleston. Increasing Metro Charleston’s Export Capacity World Trade Center Charleston and the Charleston Metro Chamber will begin the next Export Training Program on September 2, 2015. Six companies will participate in a four-day intensive training to expand their sales of products or services to other countries. Upon graduation, each company will have a customized export plan as well as continued access to coaches and research assistance. Fourteen local companies have been trained thus far and are reporting success in generating new sales from international markets. The goal is to increase the region’s export capacity to 20% of our total regional output by the year 2020.
Zucker Family Inspiration Room The Catalyst Center’s Inspiration Room was dedicated to the Zucker Family at an event held in May. The room’s walls are adorned with inspiring statements from the late Jerry Zucker of The InterTech Group, a company whose international entrepreneurial successes continue to fuel inspiration for all. International Trade Luncheon The 2015 International Trade Luncheon was held in July at the Daniel Island Club, attracting more than 100 company leaders. Keynote speaker Eugenio Alemán, Senior Economist for Wells Fargo provided information on U.S. export and import activity as well as the global business outlook. Two local companies were honored for their excellence in international trade with Export Achievement Certificates by the U.S. Commercial Service, the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration. Phil Minard, U.S. Commercial Service and Jim Merrill, South Carolina House of Representatives awarded The GEL Group and Fog Free Technologies for their outstanding work. Both companies are graduates of World Trade Center Charleston’s Export Training Program. Geoff Schuler, Chair of World Trade Center Charleston’s Steering Council provided an overview of the Metro Charleston Export Plan launched in 2013 and an update on progress, as well as information on numerous activities supporting international delegations and trade missions.
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“HAVING THE OPPORTUNITY TO HEAR THE HONEST STRUGGLES AND THE INCOMPARABLE JOYS OF STRIVING FOR SUCCESS FROM ONE OF CHARLESTON’S SUCCESSFUL LOCAL ENTREPRENEURS WAS IRREPLACEABLE. MICHAEL’S HONEST INSIGHT, EVALUATION, AND VALUABLE SUGGESTIONS FOR OUR OWN BUSINESS MODELS WERE DIRECT, BLUNT AND EXTREMELY WORTHWHILE TO TAKE IN AND DIGEST. HE ALSO LEFT OPEN THE DOOR FOR FUTURE COMMUNICATION IN A WARM AUTHENTIC MANNER… THANK YOU FOR INVITING US TO THIS HUGE BENEFIT OF BEING A METRO CHAMBER OF COMMERCE MEMBER. ” Richard J. White, Cajetan & Joseph Received from local entrepreneur following a Chamber Inspiration Lunch at Butcher & Bee, with Michael Shemtov, Restaurateur and owner of Butcher & Bee and Mellow Mushroom.
An Active Catalyst Center The end of the 2015 2nd quarter marked a busy season for the Catalyst Center with a traffic increase of 25% since January. Members of the Charleston Metro Chamber and the Chamber’s E-Crowd (Entrepreneur Crowd) enjoy the programs and events held in the center, as well as the meeting room space available for private groups. Tracking now shows a total of 1314 users since the Catalyst Center opened in August, 2014.
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TALENT FUELS SPEED TO IMPLEMENTATION AND ENHANCED PRODUCTIVITY Accelerate Greater Charleston works to provide our region’s employers with a highly skilled, work ready talent pool. Accelerating Career Education Metro Charleston is making tremendous gains in developing a robust talent pipeline for a local career-ready workforce through several programs and initiatives funded through Accelerate Greater Charleston:
Career Academies Career Academies are now operating in three school districts – Berkeley County, Charleston County and Dorchester District Two with 59 academies in 22 schools at the start of the 2015/2016 school year. Businesses committed as Academy Partners are quickly reaching the goal of 200, with 150 partners and counting in August. Career Academies are attracting students to the following industry clusters: • Health Professions • Business and Finance • Computer Science • Hospitality/Culinary • Arts/Humanities • Science, Technology, Engineering and Math (STEM) With multiple Career Academies across three different school districts, the Charleston region is leading the nation with the largest, region-wide career academy program.
Youth Apprenticeship Programs Youth Apprenticeship opportunities have also increased exponentially with 43 local companies committing to hiring 80 student apprentices – 46 hired thus far – who will begin their programs this fall, participating in a multi-level “track” toward a future career. In partnership with Trident Technical College and SC Youth Apprenticeship Program, student apprentices take their regular high school courses and travel to Trident Technical College two days a week where they are enrolled in dual credit courses. They also receive on-the-job training for up to two hours per day during the school year and up to 40 hours a week during summers, from area companies paying $10.00 per hour in addition to the rich learning/ working experience each student receives. Through your investment dollars to Accelerate Greater Charleston, the cost of tuition and books is paid for each of the students. Upon graduation, the students will have a high school diploma, industrial certification from the U.S. Department of Labor, a nearly completed full two-year associates degree, and likely, a full time job. The apprenticeships are offered in Hospitality, Information Technology and Manufacturing.
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AGC Scholarships In June, the Charleston Metro Chamber awarded 15 full scholarships (tuition and books) to Career Academy students to attend Trident Tech to obtain an associates degree in their career field. Many of the scholarship recipients are the first in their family to attend college and without the AGC Scholarship, would not have been able to afford to continue their education. Letters received from recipients clearly communicate the profound difference these scholarships will make in their lives. Read about Lorena Haro, a graduate of R.B. Stall High School in North Charleston:
Dear Mr. Derreberry, Thank you so much for the AGC scholarship. I always wanted to be a nurse and this will help me achieve my dream. All my hard work might have been for nothing because my family can’t afford to pay for college. Now I can live my dream to go to college. I will work very hard so that my family and you would be proud of me. Thank you for believing in me. Sincerely, Lorena Haro 2015 AGC Scholarship Recipient
Career Academy Intranet With the start of the 2015/2016 school year, Academy Partners (educators and businesses) will have a dynamic communications platform to share information and collaborate across the region. The Career Academy Intranet, developed by the Charleston Metro Chamber, allows partners to learn about activities in other schools, share academy plans, view images and plan events. The intranet is user-friendly, mobile responsive and designed to increase connectivity and best practices for the benefit of all Career Academies. Made possible by your Accelerate Greater Charleston contributions, this is just one of several tools that aid Career Academy partners in fueling our talent pipeline and maintaining the largest regional career academy operation in the country.
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ADVOCACY IS CENTRAL TO ADVANCING OUR REGION’S PROSPERITY Accelerate Greater Charleston’s advocacy efforts are designed to guarantee our region’s sustainable and prosperous growth. State Delegation Appreciation In July, several hundred Chamber members joined elected officials to thank them for their efforts during the legislative session at the annual State Delegation Appreciation event. Representative Jenny Horne (R-Summerville) was honored for her courageous words given on the State House floor after hours of debate on the issue of the Confederate Flag removal. Senator Paul Campbell was presented with the 2015 Glenn McConnell Elected Leadership Award, an award established by the Chamber in 2012 and given to a member of the legislative delegation who exemplifies outstanding leadership and vision while collaborating with colleagues to improve the state’s business climate. Senator Campbell has been a strong proponent of the Chamber’s legislative priorities and has been instrumental in finding solutions to infrastructure needs. He had an integral role in funding for the Aeronautical Enterprise Campus and in extending the one-cent sales tax for infrastructure in Berkeley County. Partnership for Responsible Growth Work is underway to increase visibility and support for the Chamber’s Partnership for Responsible Growth (PRG), a grassroots coalition formed by 100+ businesses and advocacy partners to develop innovative solutions to guide growth as a positive contributor to the quality of life in the region. Polling of citizens in key areas is completed and an action plan for strategic communications is being developed for implementation in early fall. The Chamber commissioned a study of the Growth Management Plan recently released by Mount Pleasant Town Council, conducted by the Urban Land Institute South Carolina (ULI) for an unbiased, fair and honest assessment. A panel of interdisciplinary experts spent two days studying the plan, touring the community and conducting numerous interviews and deliberations with stakeholders. An assessment of the results was released at an open community forum in early August. Initial conclusions include a strong call for Mount Pleasant’s elected leaders, businesses and general citizens to come together to jointly craft a shared vision that addresses the town’s next phase of growth and development. Another recommendation is a needed adjustment to the size of the urban corridor overlay district to allow for development nodes that have varied density districts. Ultimately, the ULI panel expressed that the original proposal as presented in the Framework for Growth Management needed to be amended for greater flexibility and targeted application in the areas ripe for development in the urban corridor before it is adopted by Mount Pleasant Town Council. The complete assessment is available on the Charleston Metro Chamber website at http://www.charlestonchamber.net/uligrowthmgmt. The full report from the Urban Land Institute will be released in September.
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Metro Leadership Visit The Chamber’s fourth annual Metro Leadership Visit, which took place in May, attracted 38 travelers to Richmond, Virginia with a brief stop in Washington, D.C. The Chamber is already planning the fifth trip for 2016, which will take place in June with travelers jetting across the country to visit Seattle, Washington. Metro Charleston’s growth and industry composition warrant studies of cities with relative characteristics, making it necessary to visit cities outside the Southeast in order to bring the best outcomes to recommendations for our region. The destination, coupled with a revised timeframe and ample lead time in scheduling will allow for an increase in travelers for the 2016 visit. State Legislative Scorecard Released The 2015 State Legislative Scorecard reports the successful passage of several items, as well as unfinished business and pending legislation for the coming year. This year’s legislative session is the first of a two-part session that will continue in January 2016. Here is a summary of our outcomes in legislation: Confederate Flag The Chamber was one of the first organizations in the region announce its stance on the issue: it was time for removal of the flag from State House grounds entirely. The Senate voted 37-3 and the House voted 94-20, with 18 of the 19 Charleston region House members and all Charleston region Senators voting to take it down. Infrastructure and Transportation While our number one issue – permanent funding for infrastructure – did not pass this year, the Chamber will continue to work between July and January to convince legislators to pass the infrastructure bill waiting on the Senate calendar. The pending legislation calls for the support of a comprehensive infrastructure funding plan that increases the motor fuel user fee and indexes the fee for inflation. Legislation was passed supporting transportation network companies, allowing more options for residents and visitors (Uber Bill). In addition, the General Assembly directed $214 million in surplus funds to be distributed for maintenance of existing secondary roads. Economic Development & Talent Legislation was passed in support of the Aeronautical Enterprise Campus at Trident Technical College to expand the aerospace industry cluster in South Carolina. The Chamber is still working to pass legislation to grant the University of Charleston a comprehensive research university in order to provide advanced degrees. However, the commission of higher education has granted approval to the University of Charleston to change its mission statement by adding “Research University” to its charter. Both achievements will generate more career-ready workforce needed from our local talent pipeline in the industries growing most rapidly. Military Base Retention and Expansion As a significant sector of our regional economy, the Chamber works diligently in support of legislation that strengthens our military bases and services. Several bills were passed this session bringing increased benefits for our military personnel including legislation that: •E nhances the value and mission of the military installations and the military personnel in the Charleston region and throughout the state • Simplifies the process of absentee voting for those serving overseas • Addresses complications regarding custody and visitation for parents serving overseas •E xtends reemployment rights of the National Guard for those employed in SC having membership in another state’s national or state guard • Establishes a committee to study veterans issues to improve services View the complete legislative scorecard on the Chamber’s website.
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THANK YOU AGC INVESTORS Abi Angel
Cooper River Partners
Adams Outdoor Advertising
CRBE
AECOM
CresCom Bank
ALCOA Mt. Holly
Daimler Vans Manufacturing LLC
Anderson Insurance Associates LLC
Dale Carnegie Training of SC LLC
Avison Young
Daniel Island Company, Inc.
Baker Motor Company
Dixon Hughes Goodman LLP
Bank of America Merrill Lynch
Dunhill Staffing Systems
BB&T
East Cooper Medical Center
Benefitfocus
Elliott Davis Decosimo LLC
Bently World Packaging
Francis Marion Hotel
Cady Nell West
Go To Team
CB Richard Ellis Carmody
Greg Barrett
CC&T Real Estate Services
Haynsworth Sinkler Boyd PA
CCCS International
Hendrick Automotive Group of Charleston
Chad Woods
Ingevity
Charleston Branch Pilots Association
Island Realty
Charleston County
Jay Werth
Charleston Defense
Jessica Jackson
Contractors Association
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John Osborne
Charleston Water System
John Rizzo
Chernoff Newman
Johnson Controls
Choate Construction Company
Jules Deas III
City of Charleston
K&L Gates LLP
City of North Charleston
KapStone Charleston Kraft LLC
Clawson and Staubes, LLC
Laura Alberts Tasteful Options
Colin Ross
Life Cycle Engineering
Limehouse Produce Co.
Scientific Research Corporation
Lowcountry Residential Builders LLC
SCRA
LS3P ASSOCIATES LTD
Seamon Whiteside + Associates
Maverick Southern Kitchens
Seidler & Associates LLC
Maybank Properties LLC
Showa Denko Carbon, Inc.
McKesson Corporation
Smith Moore Leatherwood LLP
McRae Hamer
Solvay
Medical University of South Carolina
South Carolina Aquarium
Meridian Energy & Environment LLC
South Carolina Federal Credit Union
Moody CPA’s & Advisors LLC
South Carolina Ports Authority
Mount Pleasant Waterworks
South State Bank
Mungo Homes
SteelFab of South Carolina
NAI Avant
Stryker Communications
Nexsen Pruet LLC
Stubbs-Muldrow-Herin Architects, Inc.
Nucor Steel
SunTrust Bank
O.L. Thompson Construction Co.
TD Bank
Ogletree, Deakins, Nash, Smoak & Stewart
The Beach Company
Pegasus Steel
The Boeing Company
Premier Logistics Solutions
The InterTech Group Inc.
PURE
The Post and Courier
Rawle Murdy
Town of Mount Pleasant
Residence Inn by Marriott - Charleston Riverview
Trident Health
Richard Guerzon
Trident Technical College
Robert Bosch Corp.
WebsterRogers LLP
Roper St. Francis Healthcare
Wells Fargo
Santee Cooper
WestRock
SCE&G
Womble Carlyle Sandridge & Rice LLC Young Clement Rivers LLP
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Thank you for reviewing this Accelerate Greater Charleston Investor Update and for your ongoing support of our region’s metro advancement plan.
P.O. Box 975 Charleston, SC 29402-0975 www.charlestonchamber.net