2010 Market Facts

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2010

MARKETFACTS

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Dear Reader,

Managing Editor - Andy Owens aowens@scbiznews.com • 843.849.3141

Special Projects Editor - Allison Cooke Oliverius aoliverius@scbiznews.com • 843.849.3149 Staff Writers Ashley Fletcher Frampton aframpton@scbiznews.com • 843.849.3129

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O F

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Thanks to the Center for Business Research for its assistance in providing information for this year’s Market Facts. The center,

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CIRCULATION AND EVENTS Circulation and Event Manager - Kathy Allen kallen@scbiznews.com • 843.849.3113

HOSPITALITY & TOURISM

Bennett Parks bparks@scbiznews.com • 843.849.3126

IMPORT/EXPORT & DISTRIBUTION

Senior Account Executive - Sue Gordon sgordon@scbiznews.com • 843.849.3111

EDUCATION

Art Director - Ryan Wilcox production1@scbiznews.com • 843.849.3117

EMPLOYMENT & ECONOMIC DEVELOPMENT

Daniel Brock dbrock@scbiznews.com • 843.849.3144

DEMOGRAPHICS

Welcome to our seventh edition of Market Facts. When we came up with the original idea of publishing Market Facts, we envisioned it as a tool for our readers to use when composing new or updating existing business plans. And it was actually born out of our need to gather facts and data to support our own expansion. When we found out what a pain it was to find everything we needed, we had an epiphany: “Gee, somebody ought to publish this stuff!”

As the publication has grown, it has taken its place as the counterpart to our annual Book of Lists. The combination of the listings of the largest companies in most of the major business categories in the Book of Lists and the statistics and other data presented in Market Facts in chart, graph and table format gives you a pretty good grasp on the region’s business community. You will find that we continue to add references to the Book of Lists to facilitate using both publications in tandem.

Our art director, Ryan Wilcox, is a master at presenting complex Grady Johnson information in a way that is pleasing to the eye and easily understandable.

CEO and If you are like me, you can quickly go cross-eyed reading data tables. So Group Publisher each year, Ryan improves the layout by including more art, by shading and highlighting important facts, and by adding footnotes and explanations to help make the data more user-friendly. This year, he has also added subject tabs similar to those he designed for the Book of Lists on the outside margins of each page.

All the pundits are forecasting a slow recovery from the recession and, despite several extraordinary economic development announcements for our region, I anticipate continued uncertainty for those of us navigating the changing business environment. This makes access to data even more crucial for decision-makers, and I extend my best wishes to you in the year to come and hope Market Facts aids you in improving the performance of your business planning. I also want to recognize our title sponsors, Anchor Commercial, BlueCross BlueShield of South Carolina, Spirit Telecom, Trident Technical College’s Division of Continuing Education and Economic Development and all of our section sponsors and advertisers for enabling us to provide this valuable resource for the region’s business decision-makers. And finally, I ask you to join me in giving our research department a big “high-five” for doing all this painstaking work so you and I don’t have to!

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REAL ESTATE

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founded in 1990 as a department of the Charleston Metro Chamber

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by SC Biz News 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.

demographic information on the Charleston metropolitan area.

For more information, call 843-577-2510 or visit www.charlestonchamber.net. www.charlestonbusiness.com | 2010 Market Facts

1

GOVERNMENT

of Commerce, compiles, analyzes and distributes economic and

1

S

ince 1999, Anchor Commercial has been one of Charleston’s premier providers of comprehensive commercial real estate solutions, including brokerage, management and development services. At Anchor, we don’t

T

hroughout its long history, BlueCross BlueShield of South Carolina has been the leading health insurer and health benefits administrator in South Carolina. BlueCross provides health insurance for individuals and employ-

pursue every real estate assignment; instead, we strive to create long-standing

ers of all sizes in South Carolina and health benefit administrative services for em-

relationships that are mutually rewarding. We are committed to providing a level

ployers, employer associations and other Blue Cross plans around the country.

of service far beyond that which is expected — our goal is to delight our clients,

As one of the largest employers in the state, BlueCross treats its customers as

not simply to satisfy them. Contact us to learn how we can help you successfully

though they are friends, family members and neighbors — because they are. We

navigate the world of commercial real estate and to learn how the Anchor team

give them access to their health information through easy-to-use online tools so

truly puts PEOPLE FIRST, PROPERTIES SECOND.

they can make the right health care choices. And we help them manage illnesses or stay healthy and well. That’s because, at BlueCross BlueShield of South Carolina, it matters how you’re treated.

REAL ESTATE FINANCIAL SERVICES BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

our ABOUT SPONSORS

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pirit Telecom has been providing voice, data and Internet services since

rident Technical College’s Division of Continuing Education and Economic

deep in South Carolina. We are owned by the independent telephone companies

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and cooperatives of the Palmetto State, and their roots go all the way back to

and lean office. New programs include Lead Renovation Repair, Asbestos Removal

1896 — that’s when the oldest of our owner companies was founded. We operate

Certification, Facility Maintenance Technician, IAST Weatherization Technician

our own private, secure network in the Carolinas and can meet the quality-of-

and BPI Building Analyst.

1993 and takes pride in helping businesses grow and prosper by offering flexible communication solutions that best fit their needs. Our roots run

service demands of the most exacting customer.

Development is pleased to be your partner in improving the technical and soft skills of your employees. We not only provide skills training but offer

courses in supervisory development, employee productivity, lean manufacturing

TTC delivers training in three programmatic areas: Personal and Professional Development; Health, Human Services, Environmental and Safety; and Manufacturing, Industrial and Construction Trades. More than 1,000 courses are offered in classroom, online and on-site formats, designed to quickly address your operational needs. The college provides noncredit courses for the public and custom programs for businesses

GOVERNMENT

2

2 2010 Market Facts | www.charlestonbusines s.com

and manufacturers so their employees can excel in their jobs.

Whether you want to keep current in your field or sharpen the skills of your employees, Trident Technical College’s Division of Continuing Education and Economic Development can help. Visit our website at www.tridenttech.edu/ce.htm or call 843-574-6022 to find out how.

Real Estate

DEMOGRAPHICS

Demographics

22........................ Financial Services

58................... Hospitality & Tourism

28..............................Demographics

66..................Medical & Health Care

34............................. Employment & Economic Development

74.................... Business Resources

Education

IMPORT/EXPORT & DISTRIBUTION

Import/Export & Distribution

HOSPITALITY & TOURISM MEDICAL & HEALTH CARE

Medical & Health Care

BUSINESS RESOURCES

Business Resources

EDUCATION

52......... Import/Export & Distribution

EMPLOYMENT & ECONOMIC DEVELOPMENT

4.....................................Real Estate Employment & Economic Development

Hospitality & Tourism

FINANCIAL SERVICES

Financial Services

TABLECONTENTS of

REAL ESTATE

OUR SECTION SPONSORS

3

GOVERNMENT

Government

44.....................................Education

82.................................Government

www.charlestonbusiness.com | 2010 Market Facts

3

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

R E A L E S TAT E

Real Estate

Office Trends – Charleston Q1 2010............... 6

s the recovery creeps across the country, the Lowcountry has experienced the same ups and downs in the residential and commercial markets as other regions. A national downturn in home sales and home prices, coupled with an increase in inventory in residential property, were somewhat mitigated by extended federal incentives for homebuyers. As that money has washed out of the system, the depressed market has continued to keep a full recovery from taking hold.

Residential real estate sales figures in the Charleston area went down in 2009 to levels not seen in nearly a decade. Realtors reported that 8,320 housing units were sold for the year, down from 8,779 in 2008 and nearly 13,000 units in 2007. Foreclosures continue to plague the state and region. Berkeley, Charleston and Dorchester counties all ranked high in foreclosure rates into 2010 compared with the rest of the state. Analysts predict that more foreclosures are on the way as lenders work through stacks of short-sale proposals and repossessions.

Charleston’s office market started out 2010 with a vacancy rate of about 20%, several commercial real estate firms reported. According to Grubb & Ellis WRS, that rate improved slightly at the end of the first quarter, to about 17.4%. Lease rates are down 20% to 30% from their peak a few years ago, but prices are starting to stabilize. Brokerage firms reported vacancy rates of 14% to 15% for Charleston-area industrial properties in early 2010. According to a first-quarter report from Grubb & Ellis WRS, the vacancy rate remained at about 14% three months into the year. Lease rates also had stopped falling.

Industrial Trends – Charleston Q1 2010 ......... 6

This section is sponsored by:

Charleston Apartment Market ...................... 17

Charleston MSA Permits by Month ................. 6

A

Office Market Snapshot – Charleston Q1 2010 ....................................... 6 Charleston Region Residential Units Sold ....... 8 2009 Year-end Industrial Market Report – Charleston ........................... 8 2009 Year-end Industrial Market Report – Greenville ............................ 8 Year-end Retail Market Report – 2009 ........... 9 Retail Market Snapshot – Charleston – Q1 2010 .................................. 10 Industrial Market Snapshot – Charleston – Q1 2010 .................................. 11 Charleston Region Home New Sales ............ 12 Charleston Region Home Resales................. 14 Top 20 Subdivisions ..................................... 16

Charleston Region MLS Statistics 2009-10 .... 17 GOVERNMENT

4

4 2010 Market Facts | www.charlestonbusines s.com

Percentage Change in Month-to-Month Foreclosures ................................................ 18 Foreclosure as a Percentage of all Sales and Discounted Prices – Q1 2010 ................ 18 Industrial Buildings ...................................... 19

© MMVI Sotheby’s International Realty Affiliates, Inc. All Rights Reserved. The Yellow House©, Van Gogh Museum/Superstock,Inc.,used with permission. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated.

Daniel Ravenel Sotheby’s International Realty 33 Broad Street Charleston, SC 29401 t 843.723.7150 DanielRavenelSIR.com

REAL ESTATE

R E A L E S TAT E

Office Trends – Charleston Q1 2010

Charleston MSA Permits by Month

Vacancy Rate

FINANCIAL SERVICES

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

4

4

CBD

4

Suburban

4

4

Combined

Absorptions (in Thousands of SF)

4

4

4

4

4

EDUCATION

Absorbed

Asking Rental Rates

IMPORT/EXPORT & DISTRIBUTION

($/SF/Yr. Full Service)

4

4

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

Class A

GOVERNMENT

6

4 Class B

Source: Grubb & Ellis WRS

4

4

Date Feb. ’08 March ’08 April ’08 May ’08 June ’08 July ’08 Aug. ’08 Sept. ’08 Oct. ’08 Nov. ’08 Dec. ’08 Jan. ’09 Feb. ’09 March ’09 April ’09 May ’09 June ’09 July ’09 Aug. ’09 Sept. ’09 Oct. ’09 Nov. ’09 Dec. ’09 Jan. ’10 Feb. ’10 March ’10 April ’10 May ’10 June ’10

Average Value per Unit ($) Percent Average 12-Month Change Value Average -22 180,500 207,700 -18 191,400 205,200 -21 238,200 208,600 -26 193,000 208,900 -27 196,300 211,100 -29 185,500 210,200 -33 180,800 210,700 -34 208,100 212,800 -32 222,900 210,000 -34 210,200 209,600 -34 219,300 206,600 -38 239,500 201,600 -38 183,200 202,900 -41 237,400 206,500 -43 215,900 202,200 -41 197,200 202,900 -39 213,700 205,000 -38 210,500 208,500 -38 204,800 211,900 -36 217,800 212,800 -34 204,300 211,300 -26 138,500 203,200 -21 213,300 203,300 -13 182,400 200,400 -7 207,200 202,100 3 228,700 202,800 11 214,400 202,700 13 219,400 204,300 10 204,600 203,200

Number of Permits 12-Month Units Total 366 5,378 371 5,305 458 5,127 338 4,775 364 4,601 391 4,419 364 4,235 236 4,079 199 3,985 148 3,799 121 3,689 117 3,473 201 3,308 206 3,143 226 2,911 253 2,826 341 2,803 308 2,720 279 2,635 227 2,626 204 2,631 315 2,798 225 2,902 220 3,005 271 3,075 358 3,227 242 3,243 207 3,197 230 3,086

Source: Real Estate Information Service Inc.

Industrial Trends – Charleston Q1 2010 Percent Change 4 1 2 2 4 4 5 7 4 3 1 -3 -2 1 -3 -3 -3 1 0 1 -3 -2

Vacancy Rate

4

4

4

4

4

Absorptions (in Thousands of SF)

4

4

4

4

4

Absorbed

Asking Rental Rates ($/SF/Yr./Triple Net)

0 -2 0 1

4

4

General Industrial

4 R&D/Flex

4

4

Warehouse/Dist.

Source: Grubb & Ellis WRS

Office Market Snapshot* – Charleston Q1 2010

By Submarket (all property types) Downtown CBD** Total Daniel Island Mount Pleasant North Charleston West Ashley Suburban Total Total

Total SF (1) 1,811,459 1,811,459 1,120,434 1,519,288 3,792,221 1,143,916 7,575,859 9,387,318

Vacant SF (2) 164,848 164,848 260,303 262,999 746,462 203,261 1,473,025 1,637,873

Vacancy Rate 9.10% 9.10% 23.20% 17.30% 19.70% 17.80% 19.40% 17.40%

Net Absorption Current Quarter Year To Date 41,941 41,941 41,941 41,941 30,643 30,643 26,579 26,579 155,555 155,555 80,369 80,369 293,146 293,146 335,087 335,087

Notes (1) Inventory includes multitenant and single-tenant buildings 50,000 square feet and larger.

(2) Vacant Space includes both vacant direct and vacant sublease space.

(3) Space under construction includes speculative and build-to-suit for lease projects.

(4) Asking rates are per square foot per year, full service. Rates for each building are weighted by size of the building.

CBD – Central Business District * Grubb & Ellis statistics are audited annually and might result in revisions to previously reported quarterly and final year-end figures Source: Grubb & Ellis WRS

6 2010 Market Facts | www.charlestonbusines s.com

Under Construction SF (3) 35,000 35,000 35,000

Asking Rate (4) Class ‘A’ Class ‘B’ $28.72 $22.37 $28.72 $22.37 $24.98 $20.29 $22.47 $21.47 $20.55 $17.48 $25.11 $21.27 $22.55 $19.44 $23.13 $19.83

F a list of Office Buildings, see page 149 For of the 2010 Book of Lists or visit www.scbiznews.com/data. w

People First, Properties Second

Brokerage • Management • Development 843.747.1200 • www.AnchorCommercial.net

REAL ESTATE

R E A L E S TAT E

2009 Year-end Industrial Market Report – Charleston

FINANCIAL SERVICES

East Cooper Warehouse Flex Submarket Summerville Warehouse Flex Submarket West Ashley Warehouse Flex Submarket North Charleston Warehouse Flex Submarket Peninsula Warehouse Flex Submarket Berkeley Warehouse Flex Submarket Total Market Warehouse Flex Submarket

Units sold

1995

5,595

1996

6,276

1997

6,565

1998

7,623

1999

7,842

2000

8,152

2001

8,316

2002

9,600

2003

11,709

2004

14,252

2005

17,913

2006

16,076

2007

12,970

HOSPITALITY & TOURISM

Year

EDUCATION

Charleston Region Residential Units Sold

IMPORT/EXPORT & DISTRIBUTION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

The housing bubble grew quickly between 2003 and 2007.

2008

8,779

2009

8,320 4,000

Available SF

Vacancy

Average Asking Rate

2,177,593 266,300 4,085,643

365,000 53,200 418,200

16.76% 24.60% 17.47%

$5.03 $8.29 $5.44

2,765,710 230,784 4,059,494

650,400 18,400 668,800

23.52% 7.97% 22.32%

$3.62 $5.22 $3.66

683,310 113,360 867,670

75,000 14,000 89,000

10.98% 12.35% 11.17%

$4.13 $5.68 $4.38

9,083,966 885,902 11,711,251

579,805 79,355 659,160

7.78% 8.96% 6.61%

$3.69 $6.17 $3.98

1,956,877 150,119 2,106,996

165,000 13,500 178,500

8.43% 8.99% 8.47%

$3.66 $5.13 $3.77

7,176,304 171,100 2,106,996

1,345,569 0 1,345,569

18.75% 0.00% 16.48%

$4.16 $5.18 $4.16

23,843,760 1,767,565 30,995,908

3,180,774 125,255 3,359,229

13.73% 7.09% 13.12%

$3.95 $6.09

2009 Year-end Industrial Market Report – Greenville

8,000

12,000

16,000

Source: Charleston Trident Association of Realtors Multiple Listing Service

Market Anderson Greenville Spartanburg Upstate Market

20,000

Total SF Vacant SF 13,434,680 1,181,328 74,228,262 9,064,360 66,555,474 6,629,947 154,218,416 16,875,635

Vacancy Rate 8.80% 12.60% 10.30% 10.94%

Net Absorption -290,343 -432,552 549,200 -173,695

Under Average Construction SF Asking Rate 0 $2.66 100,000 $3.32 0 $3.25 0 $3.24

Source: Colliers International

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

0

Total SF

GOVERNMENT

8

Commercial Office

Healthcare

Education

2245 Technical Parkway, North Charleston, SC 29406 843-572-7600 • www.tridentconstruction.com

8 2010 Market Facts | www.charlestonbusines s.com

Industrial

R E A L E S TAT E REAL ESTATE

Year-end Retail Market Report – 2009 Available Space, in Square Feet – Charleston

– Columbia

– Greenville

FINANCIAL SERVICES

806,439 634,700

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

– Charleston

– Columbia

EMPLOYMENT & ECONOMIC DEVELOPMENT

Average Asking Rate, per Square Foot – Greenville

$15.01

EDUCATION

$14.00 $14.81 0

$1.00

DEMOGRAPHICS

238,312

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

$9.00

$10.00

$11.00

$12.00

$13.00

$14.00

$15.00 IMPORT/EXPORT & DISTRIBUTION

Commercial Sales, Leasing & Property Management

HOSPITALITY & TOURISM

Robert Barrineau Broker

Joyce Beach Broker

Geoffrey Groat Broker

Matine deLoach Broker

Michael Carmody Broker

Markus Kastenholz CPA, Broker

Daniel Atwill Broker

Bart Langlois Broker

Michael White Broker

Chris Campbell, VP Property Management

Aimee Glover Property Manager

Cheryl Parish Financial Manager

9

Alicia Leland Office Manager

www.charlestonbusiness.com | 2010 Market Facts

GOVERNMENT

134 Meeting Street, Suite 510 – Charleston, SC 29401 Office 843.577.0702 – Fax 843.577.0710 www.cbrecharleston.com

BUSINESS RESOURCES

Brian Carmody Broker

MEDICAL & HEALTH CARE

Charles Carmody Managing Broker

9

FINANCIAL SERVICES

REAL ESTATE

R E A L E S TAT E

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

Retail Market Snapshot * – Charleston Q1 2010

By Submarket (all property types) Downtown Charleston East Cooper Goose Creek Moncks Corner North Charleston Summerville West Ashley West Islands Total

(1)

Total SF 473,652 3,297,957 931,333 419,614 5,790,650 2,674,888 4,447,920 1,293,796 19,329,810

(2)

Vacant SF 29,718 286,655 50,920 3,000 746,839 746,839 353,341 161,802 1,869,673

Vacancy Rate 6.30% 8.70% 5.50% 0.70% 12.90% 8.90% 7.90% 12.50% 9.70%

Net Absorption Current Quarter Year To Date 3,373 3,373 40,000 40,000 -138,006 -138,006 -34,350 -34,350 2,361 2,361 -46,050 -46,050 -172,672 -172,672

(1) Inventory includes multitenant and single-tenant buildings 50,000 square feet and larger.

(2) Vacant Space includes both vacant direct and vacant sublease space.

(3) Space under construction includes speculative and build-to-suit for lease projects.

(4) Asking rates are per square foot per year, full service. Rates for each building are weighted by size of the building. * Grubb & Ellis statistics are audited annually and might result in revisions to previously reported quarterly and final year-end figures

Under Construction SF (3) 160,432 42,437 202,869

Average Asking Rate (4) $17.86 $12.10 $14.88 $19.97 $12.09 $8.80 $14.73

F a list of Commercial/Industrial For R Real Estate Companies, see page 126 oof the 2010 Book of Lists or visit www.scbiznews.com/data. w

A Value Driven Company 278 Meeting Street Charleston, SC 29401 843-573-7778 thebarkleyco.com

“We build it like it’s ours.”

Delivering trusted, quality contruction and world-class customer service since 1948.

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

Source: Grubb & Ellis WRS

BUSINESS RESOURCES

Woodfield St. James, Goose Creek

People you know & trust doing what they know best...

GOVERNMENT

10

Central Square at Watermark, Mount Pleasant

Orangeburg-Calhoun Technical College

803.536.6443 || www.cfevans.com

10 2010 Market Facts | www.charlestonbusines s.com

Managing Real Estate Property Management

•

Brokerage

•

Development

R E A L E S TAT E REAL ESTATE FINANCIAL SERVICES

Industrial Market Snapshot* – Charleston Q1 2010 Vacant SF Vacancy Rate 462,315 6.80% 315,310 11.80% 1,032,172 24.20% 2,218,454 12.00% 1,352,801 19.30% 166,673 18.90% 5,547,725 13.80%

Average Asking Rate (4) Under Construction SF (3) WH/Distribution** R&D/Flex $5.29 $7.19 $3.75 $7.38 $5.28 $5.71 $4.09 $6.30 60,000 $3.64 $6.51 $4.62 $6.86 60,000 $4.18 $6.27

Notes: (1) Inventory includes multitenant, single-tenant, and owner-occupied buildings 10,000 square feet and larger.

(2) Vacant space includes both vacant direct and vacant sublease space.

(3) Space under construction includes speculative and build-to-suit for lease projects.

(4) Asking rates are per square foot, per year, triple net. Rates for each building are weighted by the amount of available space within the building.

**Because of statistical auditing of property type, many buildings were reclassified from general industrial to warehouse/distribution.

Source: Grubb & Ellis WRS

MEDICAL & HEALTH CARE

That's why we say every job matters. We concentrate on the details of the job at hand, while keeping an eye on the big picture and our fit with you in being a contributing part of your business for the long term. Together, we get the job done.

HOSPITALITY & TOURISM

We have a solid reputation as a leader in the industrial and commercial construction markets with more than 20 years of delivering quality services on time with competitive pricing.

IMPORT/EXPORT & DISTRIBUTION

Thompson Construction Group understands what you need from us: safe work, performance, value, quality and dependability.

EDUCATION

*Grubb & Ellis statistics are audited annually and might result in revisions to previously reported quarterly and final year-end figures.

EMPLOYMENT & ECONOMIC DEVELOPMENT

Total SF (1) 6,774,030 2,682,144 4,267,749 18,537,646 7,015,192 880,950 40,157,711

Net Absorption Current Quarter Year To Date 11,200 11,200 -13,712 -13,712 -54,952 -54,952 339,391 339,391 3,500 3,500 -7,800 -7,800 277,627 277,627

DEMOGRAPHICS

By Submarket (all property types) Berkeley Downtown East Cooper/Clements Ferry North Charleston Summerville West Ashley Totals

BUSINESS RESOURCES

Every Job

IS IMPORTANT TO US

GOVERNMENT

11

thompsonind.com

Columbia Sumter Charleston

www.charlestonbusiness.com | 2010 Market Facts

11

REAL ESTATE

R E A L E S TAT E

Charleston Region Home New Sales Total Number of Closings 2007-09 by County – 2007

FINANCIAL SERVICES

For a list of Homebuilders, see page 142 of the 2010 Book of Lists or visit www.scbiznews.com/data.

– 2008

– 2009

Charleston

Dorchester

0

100

Area CHARLESTON COUNTY TOTAL Charleston Peninsula North Charleston Ladson/Lincolnville West Ashley James Island

200

300

400

500

600

700

800

900

1,000

1,100

1,200

1,300

1,400

2008

2009

Midyear 2010

# of Closings Average Price

# of Closings Average Price

# of Closings Average Price

# of Closings Average Price

979 4 14 300 324 55

$768,229 $194,506 $184,864 $268,719 $387,666

777 11 41 251 258 25

$530,836 $191,938 $171,073 $273,959 $363,803

563 * 34 182 208 13

* $193,788 $164,130 $250,099 $325,046

245 * 1 85 85 6

* $175,000 $153,033 $247,006 $278,175

HOSPITALITY & TOURISM MEDICAL & HEALTH CARE

Brokerage. Management. Development.

Owner Representation. Construction Management.

BUSINESS RESOURCES

We look forward to helping you with all your Commercial Real Estate needs.

12

GOVERNMENT

1,500

2007

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

Berkeley

Phone: 843.566.1888

www.caldwellcommercial.com

Fax: 843.554.8000

2456 Remount Rd., Suite 308 | North Charleston, SC 29406

12 2010 Market Facts | www.charlestonbusines s.com

R E A L E S TAT E 2009

Midyear 2010

# of Closings Average Price 90 $533,314 110 $256,710 7 $309,829 75 $453,365

# of Closings Average Price 67 $467,348 48 $336,340 2 $480,000 74 $419,673

# of Closings Average Price 44 $402,068 31 $225,694 1 $430,000 50 $398,673

# of Closings Average Price 31 $365,086 11 $266,200 2 $379,250 24 $342,806

109 557 97 93 14 3

$207,100 $236,819 $258,482 $233,659 $291,048 $229,766 *

852 27 389 159 277 * * *

* $195,514

330 * 126

$177,071 $180,548 $210,459 $507,332 $165,942 $116,167

78 376 76 42 30 *

$168,172 $178,724 $212,157 $503,355 $188,638 *

17 124 36 26 1 *

$306,081 $199,878 $209,538 $215,562 * * *

757 22 352 98 265 20 * *

$182,210 $185,773 $189,254 $188,031 $167,149

221 3 72 38 100 8 * *

$196,542 $162,418 $187,116 $203,720 $706,922 $721,924

$264,776 $181,720 $209,421 $182,509 $165,124

IMPORT/EXPORT & DISTRIBUTION

Source: Real Estate Information Service Inc.

HOSPITALITY & TOURISM MEDICAL & HEALTH CARE

Exclusive for Buyers and Tenants: Property Searches Site Selection Investment Evaluations Purchase or Lease Negotiations Brokers Price Opinion

BUSINESS RESOURCES

www.cbcatlantic.com

CCIM

31

GOVERNMENT

Alan A. Bolduc CCIM, SIOR Certified Commercial Investment Member Society of Industrial and Office Realtors 843-860-9566 ab@casllc.us www.casllc.us

EDUCATION

1,122 1 390 123 523 21 64 *

$213,285 $194,166 $244,790 $499,845 * $230,000

$18,100 $207,761

940 * 338

EMPLOYMENT & ECONOMIC DEVELOPMENT

194 440 136 162 * 1

$123,000 $195,258

1,282 1 409

DEMOGRAPHICS

1,491 1 558

FINANCIAL SERVICES

2008

REAL ESTATE

Area Mount Pleasant Johns Island Edisto Island Awendaw/McClellanville BERKELEY COUNTY TOTAL Cross Summerville/ Carnes Crossroads Moncks Corner Goose Creek Hanahan Daniel Island Jamestown St. Stephen DORCHESTER COUNTY TOTAL Ashley River Road Dorchester Road Summerville Knightsville Givhans Harleyville St. George

2007

Individual Member

www.charlestonbusiness.com | 2010 Market Facts

13

REAL ESTATE

R E A L E S TAT E

Charleston Region Home Resales Total Number of Closings 2007-09 by County – 2007

FINANCIAL SERVICES

For a list of Architectural Firms, see page 120 of the 2010 Book of Lists or visit www.scbiznews.com/data.

– 2008

– 2009

Charleston

Dorchester

0

300

600

900

1,200

2007 # of Closings Average Price

Area CHARLESTON COUNTY TOTAL Charleston Peninsula North Charleston Ladson/Lincolnville West Ashley James Island

3,850 210 412 327 842 552

1,500

1,800

2,100

2,400

2008 # of Closings Average Price

$725,832 $119,524 $146,760 $267,078 $336,105

3,380 176 307 267 648 458

$624,140 $106,204 $119,936 $231,319 $290,024

2,700

3,000

3,300

3,600

2009 # of Closings Average Price 4,189 220 367 311 798 533

3,900

4,200

4,500

Midyear 2010 # of Closings Average Price

$1,399,509 $101,344 $112,818 $226,001 $241,507

1,980 134 170 156 367 279

$1,159,155 $94,804 $103,101 $217,179 $245,805

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

Berkeley

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

GLOBAL COVERAGE --- LOCAL EXPERTISE Recent representations include: Liberty Property Trust/Bosch Rexroth in the lease renewal of 125,000 Square Feet at 106 Southchase Blvd, Fountain Inn, SC John Coppedge Charleston

John Tison Charleston

Ed Kercher Charleston

Mitch Fairfield Charleston

Austin Hipp Charleston

Andy Parker Charleston

BUSINESS RESOURCES GOVERNMENT

Sale of The Charleston Boat Center, 13,000 Square Feet to Nason Medical, 24-hour urgent care facility Blackbaud, Inc. in sublease of 33,661 SF at 2 Canal Park, Cambridge, MA

Mark Erickson Charleston

14

Sale of 1644 Hwy 17 North, .95 acres to Bojangles, K-Bo, Inc.

ITT Kaliburn in the lease of a 40,000 SF technical facility on Carolina Commerce Parkway in Ladson, SC Paul Mitchell The School, Charleston in the lease of a 16,000 SF built-to-suit building in The Shoppes at Centre Pointe II in North Charleston, SC BSSI/FoodHandler in the lease renewal of 200,000 SF at 8515 Palmetto Commerce Parkway, North Charleston, SC

Ryan Killeen Weatherly Charleston

Marcus Cornelius Greenville

Todd Younghans Greenville

www.coppedgetison.com

UMA of MUSC in the sale of 4 acres of land in the Central Mount Pleasant project, SC

The h Vi Vision i C Center t att S Seaside id F Farms Mt. Pleasant

Hampden H d Cl Clothing thi King St., Charleston

“The Cornerstone Company was fantastic.

I was very impressed how they went out of their way to meet my every need.”

Dr. Brad Bodkin The Vision Center at Seaside Farms

C Ceco Design-Build Contractors Specializing in Cost Effective Building Commercial, Retail, and Light Industrial Projects.

Systems CONTACT OUR PRESIDENT, TERRY WEEKS, FOR ALL YOUR DESIGN-BUILD NEEDS

One Unity Alley, Suite 310 Charleston , SC 29401 843-724-0100

75 Beattie Place, Suite 905 Greenville, SC 29601 864-370-8190

Cushman & Wakefield provides global real estate solutions with 200 offices in 60 countries.

14 2010 Market Facts | www.charlestonbusines s.com

(843) 849-7760 WWW.THECORNERSTONECOMPANY.NET

R E A L E S TAT E 2009 # of Closings Average Price 1160 $378,500 361 $613,810 160 $170,206 279 $365,105

Midyear 2010 # of Closings Average Price 497 $342,635 180 $625,592 74 $257,238 123 $376,144

$96,963 $135,972

1,289 16 356

$67,450 $116,104

695 7 175

$145,420 $124,155

197 607 273 177 61 78

$167,181 $170,227 $191,258 $458,846 $183,366 $130,514

146 465 211 139 36 56

$136,598 $152,402 $176,560 $474,069 $160,047 $105,306

121 396 199 127 32 42

$122,275 $135,832 $164,852 $352,428 $125,236 $82,524

74 205 94 105 15 20

$123,740 $134,113 $158,187 $372,595 $99,212 $194,339

$219,824 $187,725 $191,149 $177,926 $122,321 $121,530 $111,954

1,404 71 800 323 105 24 22 59

$230,907 $163,797 $184,660 $148,520 $164,826 $62,451 $74,565

1,403 75 780 323 127 18 18 62

$200,213 $150,749 $150,572 $140,931 $135,258 $85,318 $65,718

591 30 318 149 47 11 12 24

$240,376 $142,326 $145,738 $125,476 $109,975 $73,448 $75,519

1,737 73 976 458 115 21 33 61

EDUCATION

1,433 16 364

EMPLOYMENT & ECONOMIC DEVELOPMENT

$99,757 $153,564

DEMOGRAPHICS

2,021 41 587

FINANCIAL SERVICES

2008 # of Closings Average Price 870 $437,041 307 $662,440 110 $191,092 237 $421,991

REAL ESTATE

Area Mount Pleasant Johns Island Edisto Island Awendaw/McClellanville BERKELEY COUNTY TOTAL Cross Summerville/ Carnes Crossroads Moncks Croner Goose Creek Hanahan Daniel Island Jamestown St. Stephen DORCHESTER COUNTY TOTAL Ashley River Road Dorchester Road Summerville Knightsville Givhans Harleyville St. George

2007 # of Closings Average Price 959 $490,505 278 $732,411 82 $330,829 188 $441,337

IMPORT/EXPORT & DISTRIBUTION

Source: Real Estate Information Service Inc.

HOSPITALITY & TOURISM MEDICAL & HEALTH CARE BUSINESS RESOURCES

CCIM

GOVERNMENT

51

www.charlestonbusiness.com | 2010 Market Facts

15

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

R E A L E S TAT E

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

Top 20 Subdivisions

GOVERNMENT

16

Real Estate Issues?

Commercial Real Estate Solutions • Brokerage • Leasing • Sales • Consulting • OfÀce

• Industrial • Retail •Land • Investment • Multi-family

We bring to our clients over 110 years of commercial real estate experience in Charleston 528 Johnnie Dodds Blvd # 103 | Mt. Pleasant, SC 29464 PO Box 509 | Charleston, SC 29402

843.805.6060 | www.CarolinaCRE.com

16 2010 Market Facts | www.charlestonbusines s.com

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Subdivision Cane Bay Plantation Foxbank Plantation Carolina Bay Bolton’s Landing Charleston Park St. Charles Place Spring Grove Plantation Myers Mill Reminisce Liberty Hall Drakesborough Tanner Plantation in the Garden Brickhope Greens Colony North McKewn Moss Grove Plantation Waterside Landing Forest Hills Taylor Plantation Hunters Bend

Source: Real Estate Information Service Inc.

Average Price $209,403 $207,344 $249,559 $238,985 $140,846 $134,859 $191,003 $200,377 $173,712 $180,205 $141,901 $216,984 $179,489 $155,720 $154,897 $159,056 $168,432 $159,538 $247,784 $170,961

R E A L E S TAT E

CUMMINGS & McCRADY, INC. A r c h i t e c t s

FINANCIAL SERVICES DEMOGRAPHICS

Construction activity of apartment communities has come to a halt as developers wait for market and lending conditions to improve. Most of the development activity has been occurring in Mount Pleasant, West Ashley and Summerville. Although rents continue to decline from their peak in 2008, they are starting to stabilize, with the current average rent at $747 per month.

Overall, occupancy rates remain low at 87%, but they are slowly improving as the economy begins to improve. With limited new supply forecast to come online in the next two years and a growing trend toward rentals, occupancy rates and rental rates are predicted to make strong gains over the next several years as the economy and job growth rebound.

REAL ESTATE

Charleston Apartment Market

Source: Real Data, Charleston Apartment Index 2010, www.aptindex.com

Apartment Community Highlights

Highest Occupancy: Summerville

Largest Community: Castlewood

EMPLOYMENT & ECONOMIC DEVELOPMENT

Charleston Submarket Highlights

Largest Floor Plans*: Legends at Mount Pleasant

Largest Floor Plans*: James Island

Highest Rent per Square Foot*: Mount Pleasant

Highest Rent per Square Foot*: Sergeant Jasper

Strongest Demand: Summerville

Largest Management Company: Asset Management & Consulting Services Inc.

Most Development: Summerville

Largest Ownership Group: Colonial Property Trust

RESTORATION PRESERVATION RESIDENTIAL COMMERCIAL INSTITUTIONAL CIVIC LITURGICAL

Since 1957

www.cummingsandmccrady.com

843.577.5063

IMPORT/EXPORT & DISTRIBUTION

*Largest floor plans, Highest monthly rent and highest rent per square foot are based on two-bedroom unit averages.

Source: Real Data, Charleston Apartment Index 2010, www.aptindex.com

$261,315 $261,492

Sold YTD 434 881 1,506 2,084 2,825 3,616 4,495 5,244 6,012 6,813 7,662 8,320 449 1,006 1,761 2,622

$185,000 $186,290

9,133 10,821

3,563 4,617

115 104

Source: Charleston Trident Association of Realtors Multiple Listing Service

Pete McKellar, Owner • • • • •

COMMERCIAL CONSTRUCTION SPECIALISTS New Construction, Design-Build, Renovations, & Upfits Office, Medical, Dental, Retail, Religious, & Industrial Projects LEED AP on Staff 2009 General Contractor of the Year (by ASA) Announcing - Harbor Contracting, LLC now has a service division to handle maintenance and repair work for clients and property owners throughout the Lowcountry.

1250 Fairmont Ave., Mount Pleasant, SC 29464 843-884-3434 • www.harborcontracting.net

“Building Relationships Since 1985” www.charlestonbusiness.com | 2010 Market Facts

71

GOVERNMENT

941 1,054

New YTD 1,796 3,379 5,237 6,901 8,624 10,230 11,815 13,407 15,023 16,603 17,787 18,885 1,735 3,441 5,583 7,487

BUSINESS RESOURCES

May ’10 June ’10

Median Days on Price Market $174,654 113 $182,785 109 $183,000 124 $180,303 120 $182,276 117 $193,405 116 $184,957 119 $186,250 117 $176,026 112 $169,274 104 $173,000 101 $194,526 122 $193,000 134 $179,900 124 $184,828 105 $180,000 115

MEDICAL & HEALTH CARE

Jan. ’09 Feb. ’09 March ’09 April ’09 May ’09 June ’09 July ’09 Aug. ’09 Sept. ’09 Oct. ’09 Nov. ’09 Dec. ’09 Jan ’10 Feb. ’10 March ’10 April ’10

Average Sales Price $259,477 $250,026 $251,536 $268,112 $257,137 $262,847 $260,336 $248,038 $233,141 $240,807 $222,192 $286,552 $274,870 $262,698 $265,772 $254,801

HOSPITALITY & TOURISM

Charleston Region MLS Statistics 2009-10 Sales 434 447 625 578 741 791 880 748 768 801 849 658 449 557 755 861

EDUCATION

Highest Monthly Rent*: Greystar Daniel Island Village

Highest Monthly Rent*: Mount Pleasant

17

REAL R RE ALL EESTATE STAT ST TA ATTE

R E A L E S TAT E

Percentage Change in Month-to-Month Foreclosures

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS HIIC H CS S

FINANCIAL S SE SERVICES ERV RVIIC CEES S

County Berkeley Charleston Dorchester Greenville Lexington Richland Spartanburg Statewide

January 76.40% 49.38% 0.91% -13.85% -4.66% -19.12% 16.67% 15.58%

February 14.65% -48.50% 54.05% 44.39% -4.00% -2.55% 98.41% 0.42%

March 20.00% 50.97% 7.02% 9.72% -0.46% 31.34% 15.20% 22.00%

April -31.94% -19.23% -4.92% -23.83% -41.40% -42.05% 97.92% -17.22%

May 51.70% 48.68% 46.55% 8.46% 163.49% 67.16% -14.74% 29.22%

June -29.60% -34.88% -40.00% -32.94% -45.78% -19.65% -15.23% -31.62%

Source: RealtyTrac

Foreclosure as a Percentage of all Sales and Discounted Prices – Q1 2010 – % of all sales

– Average discount

Anderson Charleston-North Charleston Columbia

Greenville-Mauldin-Easley Spartanburg Source: RealtyTrac

0%

5%

10%

Buist Moore Smythe McGee Q

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Charleston’s Business Law Firm

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

Conway-Myrtle Beach

The Real Estate Practice Group Providing legal services for commercial and residential real estate transactions.

Q

BUSINESS RESOURCES

Q Q Q Q Q

GOVERNMENT

18

Q

Commercial Transactions Contract Negotiations Economic Incentives Financing Residential Transactions Title Insurance Issues Zoning, Permitting, Land Use and Development

5 Exchange Street • Charleston, SC 29401 www.buistmoore.com • (843) 722-3400

W. Foster Gaillard Commercial Practice Group Head

David H. Crawford Residential Practice Group Head

Susan M. Smythe Morris A. Ellison Cynthia Spieth Morton James M. Wilson Thomas L. Harper, Jr. Daniel Q. Orvin Kristen M. Woodrum William T. Dawson, III

18 2010 Market Facts | www.charlestonbusines s.com

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R E A L E S TAT E

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IMPORT/EXPORT & DISTRIBUTION

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EDUCATION

$

EMPLOYMENT & ECONOMIC DEVELOPMENT

! "

DEMOGRAPHICS

!

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# " !

REAL ESTATE

These industry-specific lists appear in each issue of the Charleston Regional Business Journal. To update your company information or to be added to the list, call Clayton Wynne at 843-849-3114 or update online at www.charlestonbusiness.com/update_lists/.

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MEDICAL & HEALTH CARE

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843.723.8682 or 800.633.6708 www.charlestonbusiness.com | 2010 Market Facts

91

GOVERNMENT

Visit www.reisonline.com

BUSINESS RESOURCES

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19

REAL ESTATE

R E A L E S TAT E

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NAI Avant is a member of NAI Global, a managed network of tems 5,000 professionals Reads in Moving Systems

20

Reads Moving Systems

Commercial Real Estate in Charleston Has a New Name

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

These industry-specific lists appear in each issue of the Charleston Regional Business Journal. To update your company information or to be added to the list, call Clayton Wynne at 843-849-3114 or update online at www.charlestonbusiness.com/update_lists/.

Reads Moving Systems

325 ofďŹ ces around the world.

Charleston, SC 843.720.4944

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20 2010 Market Facts | www.charlestonbusines s.com

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REAL ESTATE

FINANCIAL SERVICES

Financial Services he tight credit markets that characterized the middle of the recession came with anticipation of increasing government regulation and closer scrutiny by regulators and shareholders for consumer, commercial and investment banks across South Carolina.

Small businesses continue to struggle to find access to capital for ongoing operations and to fuel growth plans. This has led to a ripple effect across many sectors, including mergers and acquisitions, and residential and commercial real estate deals of all sizes.

The stock market has bounced back more quickly than any other financial sector after taking a dip in 2008 and 2009. Insurance companies also took a cautious approach as a sweeping health care reform package swept through Congress and will affect the long-term financial outlook for insurance companies, employees and all types of businesses.

Four banks have failed in South Carolina in 2010, with the latest being Williamsburg First National Bank of Kingstree. Nearly 100 banks have failed in the United States in the first six months of 2010 as the financial sector continues to flush out toxic assets, many of them mortgage-backed securities that went into default during the recession.

Bank earnings were up and down for Charleston-area banks, and even those that posted positive earnings saw a decrease from the booming years of the middle part of the decade. An analysis of community banks in South Carolina by WHM Capital Advisors said the declining price-to-earnings ratio showed that investors didn’t expect earnings to increase in the near term.

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22 2010 Market Facts | www.charlestonbusines s.com

Deposit Market Share Report Offices and Deposits of all FDIC-Insured Institutions – Charleston County ...................... 24 SBA-Guaranteed Loans – Charleston Region....................... 26 SBA-Guaranteed Loans – South Carolina ............................ 26 Gross Retail Sales ....................... 27 Number of Accountants in South Carolina, by Type ........... 27 Consumer Price Index ................. 27

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Deposit Market Share Report Offices and Deposits of all FDIC-insured Institutions â&#x20AC;&#x201C; Charleston County Deposits as of June 30, 2009, sorted by market share

Institution Name Wachovia Bank N.A. First FS&LA of Charleston Bank of America N.A. National Bank of S.C. Tidelands Bank Branch Banking & Trust Co. (BB&T) Community First Bank Charleston South Coast Community Bank First Citizens B&T Co. Inc. Carolina First Bank Bank of South Carolina Harbor National Bank Atlantic Bank & Trust Regions Bank SunTrust Bank First Reliance Bank S.C. Bank & Trust N.A. RBC Bank USA Carolina FSB Ameris Bank Enterprise Bank of S.C. First NB of the South First Palmetto SB FSB Bank of Walterboro Palmetto Heritage Bank & Trust Number of Institutions in the Market: 25

CERT 33869 28994 3510 2111 57594 9846 34335

State (HQ) N.C. S.C. N.C. S.C. S.C. N.C. S.C.

Bank Class N SA N N NM NM NM

34774 15504 26849 26912 58219 58420 12368 867 35214 13425 33184 35372 20504 11539 35383 28396 27496 57880

S.C. S.C. S.C. S.C. S.C. S.C. Ala. Ga. S.C. S.C. N.C. S.C. Ga. S.C. S.C. S.C. S.C. S.C.

NM NM NM NM N SA SM SM NM N SM SA NM NM N SA NM NM

Bank Charter Classes: N - National Bank SM - Federal Reserve Member NM - Federal Reserve Nonmember SA - Savings Association Source FDIC website, Summary of Deposits

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24 2010 Market Facts | www.charlestonbusines s.com

Charter Federal Federal Federal Federal State State State State State State State Federal Federal State State State Federal State Federal State State Federal Federal State State Totals

Offices Outside of Market Deposits ($000) 3,317 392,304,403 45 1,204,11 6,157 816,897,348 39 3,593,875 4 156,826 1,497 93,417,649 2 70,462 4 166 171 1 0 2 1,877 1,741 6 47 439 0 49 11 11 19 3 1 15,609

62,002 5,388,886 9,242,063 29,055 0 54,376 93,567,829 118,433,009 508,025 2,138,888 18,456,711 0 1,970,622 292,770 700,227 580,722 124,568 73,320 1,559,267,747

Offices Inside Market 21 19 16 7 3 8 4

Deposits ($000) 1,884,601 1,209,295 1,091,973 455,152 426,796 335,754 319,716

Market Share 24.49% 15.72% 14.19% 5.92% 5.55% 4.36% 4.16%

7 14 5 3 3 1 5 6 2 3 2 3 2 1 2 2 1 1 141

298,572 296,302 222,561 193,272 172,652 135,854 133,920 99,346 72,127 70,859 58,413 55,664 54,666 31,696 24,592 22,229 18,867 9,016 7,693,895

3.88% 3.85% 2.89% 2.51% 2.24% 1.77% 1.74% 1.29% 0.94% 0.92% 0.76% 0.72% 0.71% 0.41% 0.32% 0.29% 0.25% 0.12% 100.00%

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SBA Guaranteed Loans â&#x20AC;&#x201C; Charleston Region

Handle with Care t 'Jxed rate conventional mortgages t L 1SPHSBN t "EKVTUBCMF rate mortgages t Relocation programs t +6.#0 MPBOs t Refinances t ')" BOE V" MPBOs t 64%"

Jan. Feb. March April May June July Aug. Sept.

Oct. Nov. Dec. Total

# of Loans 7 11 13 5 6 7 4 6 6 5 5 2 77

2008 2009 2010 $ Amount of # of $ Amount of # of $ Amount of Loans Loans Loans Loans Loans $315,000 5 $1,602,500 6 $2,195,000 $1,105,600 3 $696,000 7 $2,325,800 $1,894,000 3 $1,365,000 8 $2,553,000 $275,000 3 $385,000 3 $1,448,500 $614,800 9 $2,792,000 3 $1,442,700 $3,101,700 3 $585,000 1 $5,000 $143,500 10 $638,000 $4,143,900 14 $767,500 $2,681,000 12 $3,292,000 $1,966,000 4 $1,465,500 $4,668,000 6 $1,145,600 $119,000 5 $1,047,000 $21,027,500 77 $15,781,100 28 $9,970,000

Source: U.S. Small Business Administration, S.C. District Office

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SBA Guaranteed Loans â&#x20AC;&#x201C; South Carolina

Jan. Feb. March April May June July Aug. Sept.

Oct. Nov. Dec. Total

# of loans 54 58 69 70 32 31 29 32 32 27 29 28 491

2008 $ amount of loans $16,427,100 $13,482,200 $18,312,000 $19,484,100 $7,661,300 $11,577,300 $10,247,700 $11,997,900 $16,685,000 $10,925,200 $11,665,600 $6,499,500 $154,964,900

# of loans 15 27 25 24 27 29 47 46 45 36 33 29 383

2009 $ amount of loans $3,572,300 $8,875,000 $5,409,000 $7,814,100 $6,395,500 $7,795,100 $15,922,000 $7,205,600 $11,570,500 $10,157,300 $12,279,300 $5,743,000 $102,738,700

# of loans 32 43 47 23 25 19

2010 $ amount of loans $5,978,100 $16,519,300 $16,168,900 $8,196,900 $13,124,200 $6,368,000

189

$66,355,400

MEDICAL & HEALTH CARE

Source: U.S. Small Business Administration, S.C. District Office

BUSINESS RESOURCES

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FINANCIAL SERVICES

2003 2,792,175 10,042,059 1,207,613 14,041,847

2004 2,916,269 10,681,929 1,404,172 15,002,370

2005 2,774,618 12,050,201 1,571,065 16,395,884

2006 3,338,564 13,085,582 1,709,947 18,134,093

2007 3,717,883 13,088,854 1,783,614 18,590,351

2008 3,999,639 12,963,950 1,173,190 18,736,779

One-Year Change -9.50% -13.80% 26.50% -13.10%

2009 3,617,756 11,173,603 1,483,891 16,275,250

Source: Center for Business Research, Charleston Metro Chamber of Commerce

Certified Public Accountants Public Accountants

Consumer Price Index

# of Accountants

215

5,377

210

16

205

122

200

Accounting Firms In-State Registration

1,207

195

497

190

Accounting Firms Out-of-State Registration

S.C. Department of Labor, Licensing and Regulation

EMPLOYMENT & ECONOMIC DEVELOPMENT

Accounting Practitioners

DEMOGRAPHICS

Number of Accountants in South Carolina, by Type

FINANCIAL SERVICES

Berkeley County Charleston County Dorchester County Total Region

2002 2,679,686 9,217,606 1,136,977 13,034,269

REAL ESTATE

Gross Retail Sales ($000)

185 180 175 2002

2003

2004

2005

2006

2007

2008

2009

IMPORT/EXPORT & DISTRIBUTION

Source: Center for Business Research, Charleston Metro Chamber of Commerce

EDUCATION

F a list of Accounting Firms, see page 64 of the For 22010 Book of Lists or visit www.scbiznews.com/data.

HOSPITALITY & TOURISM MEDICAL & HEALTH CARE BUSINESS RESOURCES GOVERNMENT

72

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REAL ESTATE

DEMOGRAPHICS

Demographics outh Carolina — especially the Lowcountry — continues to be a top spot for migration in the Southeast. From 2000 to 2009, the population grew by double-digit percentages in all three Lowcountry counties: 21.7% in Berkeley County, 14.6% in Charleston County and 35.4% in Dorchester County.

Household incomes across the three-county region were among the top in the state for the latest data available. Dorchester County residents had an average household income of $69,822 in 2008; Berkeley County had an average income of $60,196; and Charleston County averaged $70,143.

The S.C. Budget and Control Board population estimates indicate that Charleston County grew 1.3% between 2008 and 2009. Berkeley County grew 2.3%, and Dorchester County grew 2%.

Population figures show that the Lowcountry continues to be a major population center for the state, with three of the largest cities in the state being Charleston, North Charleston and Mount Pleasant.

The Charleston region also is ranked highly in national travel and business publications. In 2009, the area was ranked for such assets as quality of life, livability and best places for entrepreneurs by Outside magazine, Smarter Cities, Forbes, Next Generation Consulting and BusinessWeek. In 2010, Mount Pleasant was named one of the Top 100 Best Places to Live by CNN Money, and Charleston ranked fourth on Portfolio magazine’s 2010 Small Business Vitality Index.

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28 2010 Market Facts | www.charlestonbusines s.com

Counties at a Glance ................... 30 Racial Composition in the Charleston Region ............. 30 Population by Age Group in the Charleston Region....................... 30 2009 Annual Average Price Report – Regional Comparison .................. 30 2009 Annual Average Price Report – State Comparison ....................... 30 2009 Annual Average Price Report – Regional Utilities Comparison...... 30 Largest S.C. Municipalities .......... 31 Place of Birth .............................. 31 Language Spoken at Home ......... 31 Charleston Young Professionals – 2009 Member Survey Results ..... 32 Charleston Region Population Growth Trends ........... 32 Income Rank Report by County ... 33 Commuting to Work .................... 33

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

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REAL ESTATE

DEMOGRAPHICS

Counties at a Glance Berkeley County Total area (land and water) ...........1,229 square miles Population (2009) ......................................... 173,498 Population growth rate (2009).......................... 21.7% Total households (2008) .................................. 55,326 Civilian labor force (2008) ............................... 79,544 Unemployment rate (May 2010) ......................... 9.4% Median household income (2008) ................. $48,320 Average household income (2008) ................ $60,196 Gross retail sales ......................................... $4 billion County seat ........................................ Moncks Corner Form of government ......................Council/Supervisor

2009 Annual Average Price Report – Regional Comparison

Atlanta Birmingham, Ala. Charleston North Charleston Charlotte Columbia Jacksonville, Fla. Knoxville, Tenn.

Orlando, Fla. Raleigh, N.C. Richmond, Va.

Charleston County Total area (land and water) ...........1,357 square miles Population (2009) ......................................... 355,276 Population growth rate (2009).......................... 14.6% Total households (2008) ................................ 138,264 Civilian labor force (2008) ............................. 176,873 Unemployment rate (May 2010) ......................... 8.6% Median household income (2008 .................. $50,213 Average household income (2008) ................ $70,143 Gross retail sales (2008) ............................ $13 Billion County seat ............................................... Charleston Form of government ................. Council/Administrator

Ground Beef $3.05 $2.69

Whole Milk $1.91 $2.20

Dozen Eggs $1.30 $1.51

Bread $1.43 $1.59

Coffee $3.56 $3.42

Sugar $1.95 $2.14

$3.17

$2.32

$1.57

$1.73

$3.52

$2.11

$2.61 $2.54 $2.77 $1.96 $2.85 $3.23 $2.92

$2.16 $2.13 $2.37 $2.10 $3.03 $2.13 $2.37

$1.58 $1.33 $1.48 $1.38 $1.51 $1.79 $1.69

$1.28 $1.53 $1.78 $1.18 $1.45 $1.43 $1.79

$3.46 $3.57 $3.53 $3.39 $3.19 $3.75 $3.75

$1.93 $2.08 $2.02 $1.98 $1.99 $2.02 $1.97

Source: Council for Community and Economic Research’s ACCRA Cost of Living Index

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

Dorchester County Total area (land and water) ..............576 square miles Population (2009) ......................................... 130,417 Population growth rate (2009).......................... 35.4% Total households (2008) .................................. 43,414 Civilian labor force (2008) ............................... 63,583 Unemployment rate (May 2010) ......................... 8.6% Median household income (2008) ................. $62,003 Average household income (2008) ................ $69,822 Gross retail sales (2008) ........................... $1.8 billion County seat ................................................St. George Form of government ................. Council/Administrator

2009 Annual Average Price Report – State Comparison

HOSPITALITY & TOURISM

Population growth rate is calculated by percent change from April 1, 2000 to July 1, 2009 Source: U.S. Census Bureau 2008 American Community Survey; U.S. Department of Labor

Racial Composition in the Charleston Region

MEDICAL & HEALTH CARE

White Black Asian Hispanic Other

Charleston-North Charleston MSA 67.10%

Berkeley County 68.30%

Charleston County 65.10%

Dorchester County 70.90%

28.40% 1.50% 3.80% 3.00%

26.10% 2.00% 4.10% 3.60%

30.90% 1.20% 3.80% 2.80%

24.50% 1.40% 3.00% 3.20%

Anderson Beaufort Camden Charleston North Charleston Columbia Florence Greenville Hilton Head Island Myrtle Beach Sumter

BUSINESS RESOURCES GOVERNMENT

30

Median Age 19 or younger 20-24 25-34 35-54 55-64 65 or older

Charleston-North Charleston MSA 35.8 27.8% 7.5% 13.4% 28.3% 11.8% 11.2%

Berkeley County 34.4 29.8% 7.1% 14.10% 28.4% 11.3% 9.3%

Charleston County 37.1 26.5% 7.80% 12.80% 28.0% 12.2% 12.7%

Source: U.S. Census Bureau, 2008 American Community Survey

30 2010 Market Facts | www.charlestonbusines s.com

Dorchester County 35 28.7% 7.3% 13.8% 29.2% 11.5% 9.5%

Whole Milk $2.28 $2.13 $2.13

Dozen Eggs $1.40 $1.56 $1.49

Bread $1.29 $1.43 $1.42

Coffee $3.44 $3.70 $3.42

Sugar $1.97 $2.08 $2.14

$3.17

$2.32

$1.57

$1.73

$3.52

$2.11

$2.54 $2.94 $2.91 $2.94 $3.19 $2.91

$2.13 $2.30 $2.24 $2.15 $2.24 $2.19

$1.33 $1.58 $1.37 $1.80 $1.46 $1.39

$1.53 $1.35 $1.62 $1.52 $1.42 $1.37

$3.57 $3.30 $3.41 $3.78 $3.61 $3.48

$2.08 $1.96 $1.87 $2.15 $2.12 $2.07

Source: Council for Community and Economic Research’s ACCRA Cost of Living Index

2009 Annual Average Price Report – Regional Utilities Comparison

Source: U.S. Census Bureau, 2008 American Community Survey

Population by Age Group in the Charleston Region

Ground Beef $2.77 $3.00 $3.19

Atlanta Birmingham, Ala. Charleston North Charleston Charlotte Columbia Jacksonville, Fla. Knoxville, Tenn.

Orlando, Fla. Raleigh, N.C. Richmond, Va.

Apt. Rent $758 $716

Home Price $267,278 $205,874

$892 $623 $733 $967 $632 $814 $698 $937

Mortgage Rate

Total Energy $141.50 $206.66

Gasoline $2.11 $2.10

$265,838

$170.19

$2.13

$247,661 $238,421 $205,640 $242,895 $249,728 $274,380 $309,839

$162.40 $191.91 $167.65 $176.97 $191.47 $168.26 $188.50

$2.26 $2.21 $2.22 $2.07 $2.25 $2.19 $2.15

Source: Council for Community and Economic Research’s ACCRA Cost of Living Index

DEMOGRAPHICS

Native 4,216,552 156,563 327,320 118,146

Born in the U.S. 4,178,925 154,494 323,976 116,709

Born in S.C. 2,657,964 87,454 188,505 63,165

Other State 1,520,961 67,040 135,471 53,544

Other U.S.* 37,627 2,069 3,344 1,437

ForeignBorn 186,623 7,192 16,744 4,562

Other IndoEuropean 56,285 2,150 5,782 1,610

Asian and Pacific Islander 31,276 2,121 2,943 1,322

Other Languages 8,163 333 421 93

*Born in Puerto Rico, U.S. Island areas, or born abroad to American parent(s).

FINANCIAL SERVICES

Total Population S.C. 4,403,175 Berkeley County 163,755 Charleston County 344,064 Dorchester County 122,708

REAL ESTATE

Place of Birth

Source: U.S. Census Bureau, 2006-2008 American Community Survey

Population 5 years and older S.C. 4,107,268 Berkeley County 151,835 Charleston County 320,075 Dorchester County 114,093

English 3,863,249 142,344 300,141 108,472

Language other than English 244,019 9,491 19,934 5,621

Spanish 148,295 4,887 10,788 2,596

Source: U.S. Census Bureau, 2006-2008 American Community Survey

EMPLOYMENT & ECONOMIC DEVELOPMENT

EDUCATION

Geographic Area 2010 Population Columbia................................116,279 Charleston .....................................96,650 North Charleston ............................79,641 Mount Pleasant ..............................59,140 Greenville ......................................56,002 Rock Hill ........................................49,774 Sumter ..........................................40,399 Spartanburg...................................39,673 Hilton Head Island ..........................33,862 Florence ........................................30,248 Goose Creek ..................................29,208 Summerville ..................................27,752 Anderson .......................................25,514 Aiken .............................................25,337 Myrtle Beach .................................22,759

Language Spoken at Home

DEMOGRAPHICS

Largest S.C. Municipalities

Source: Municipal Association of South Carolina

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Charleston Region Population Growth Trends

Charleston Young Professionals – 2009 Member Survey Results Demographics Well-educated (have a fouryear degree or higher) ... 91% Married or living with significant other ..... 48% Mobile (do not have children) .... 80% Homeowners (average home value approximately $250,000)...................... 57% 25-34 years old ............. 70% Female .......................... 60% White ............................. 90%

Top Reasons to Choose Charleston 1. Location/weather/beach 2. Job 3. Proximity to college 4. Family

Employment Working in management, professional and related occupations) .................. 57% Entrepreneurs/ business owners............ 15% Median income ........ $47,500 Median household income ... $87,500

Civic Engagement Voted in most recent election ............... 85% Volunteer an average of 5 hours per month ..... 64% Made monetary contributions to organizations in the past 6 months ....................... 68%

Relationship to Charleston Lifer ............................... 17% Boomerang* .................... 8% Transplant...................... 75% Reasons for Involvement with Charleston Young Professionals Business networking...... 91% Social networking .......... 73% Leadership/professional . 67% Volunteer and service .... 29% Impact my community’s quality ....... 29% Get engaged in my community ............... 25% Philanthropy .................. 17%

Top Issues of Concern About Charleston 1. Job opportunities 2. Cost of lifestyle 3. Commute times

Most Important – Charleston 1. Cost of lifestyle 2. Earning 3. After-hours 4. Vitality 5. Learning 6. Around town 7. Social capital

1980 Census 94,745 401 17,899 13,224 193 4,179 1,850 276,556 NA 69,855 1,478 2,365 3,421 266 808 436 249 17,735 65,681 1,655 NA 233 1,867 59,045 606 244 603 2,134 11,985

Note: Charleston Young Professionals is an initiative of the Charleston Metro Chamber of Commerce. It has more than 400 members ages 22 to 39 who live and work in the tri-county region. *Boomerang refers to an individual who was born and raised in the area, moved away and has since moved back.

Source: Center for Business Research/ Charleston Young Professionals

32 2010 Market Facts | www.charlestonbusines s.com

2000 Census 142,651 354 29,208 12,937 97 5,952 1,776 309,969 1,195 96,650 2,116 3,946 4,583 1,163 904 459 1,230 47,609 79,641 2,214 137 1,250 1,911 96,413 594 207 1,690 2,092 27,752

Berkeley County Bonneau Goose Creek* Hanahan Jamestown Monks Corner St. Stephen Charleston County Awendaw Charleston* Folly Beach Hollywood Isle of Palms Kiawah Island Lincolnville McClellanville Meggett Mount Pleasant North Charleston* Ravenel Rockville Seabrook Island Sullivan’s Island Dorchester County Harleyville Reevesville Ridgeville St. George Summerville* Charleston 430,346 506,875 549,033 Metro Area South Carolina 3,122,814 3,486,703 4,012,012 United States 226,546,000 248,709,873 281,421,906

2008 Estimate 169,327 352 37,900 16,065 102 7,044 1,778 348,046 1,189 111,978 2,412 4,398 4,678 1,118 842 496 1,363 65,472 94,407 2,288 131 1,202 1,870 127,133 689 211 1,984 2,121 45,193

% Change 20002008 18.70% -0.60% 29.80% 24.20% 5.20% 18.30% 0.10% 12.30% -0.50% 15.90% 14.00% 11.50% 2.10% -3.90% -6.90% 8.10% 10.80% 37.50% 18.50% 3.30% -4.40% -3.80% -2.10% 31.90% 16.00% 1.90% 17.40% 1.40% 62.80%

8.30%

644,506

17.40%

15.10% 4,479,800 13.20% 304,059,724

11.70% 8.00%

*The population in these cities is located in multiple counties. The figure presented here is the total for the entire city population in the county where the majority of its population is located.

Source: U.S. Census Bureau

Most Important – All Communities 1. Cost of lifestyle 2. Earning 3. Vitality 4. After-hours 5. Learning 6. Around town 7. Social capital

1990 Census 128,776 374 24,692 13,176 84 5,607 1,697 295,039 324 80,414 1,398 2,094 3,680 718 716 333 787 30,108 70,218 2,165 NA 948 1,623 83,060 633 244 1,625 2,077 22,519

% Change 19902000 10.80% -5.30% 18.30% -1.80% 15.50% 6.20% 4.70% 5.10% 268.80% 20.20% 51.40% 88.40% 24.50% 62.00% 26.30% 37.80% 56.30% 58.10% 13.40% 2.30% NA 31.90% 17.70% 16.10% -6.20% -15.20% 4.00% 0.70% 23.20%

DEMOGRAPHICS

Household Income

Household Income

$23,932 $17,331 $22,512 $20,826 $24,633 $21,326 $22,337 $21,012

37.5 34.8 34.1 38.8 36.1 38.7 37.7 38.6

159,792 52,353 133,662 22,311 138,311 60,914 103,240 69,373

$47,699 $56,391 $22,467

36.7

739,956

13 14 15 16 17 18 19 20 21 22 23 24 25

Subtotal of Above-Average Horry Pickens Oconee Saluda Georgetown Edgefield Florence Lancaster Greenwood Laurens Cherokee Sumter Newberry

$44,191 $44,087 $43,935 $43,931 $43,205 $42,511 $42,259 $42,043 $41,747 $41,223 $41,094 $40,655 $40,091

39.5 33.8 40.9 38.4 40.7 37.8 36.8 38.1 36.7 38.3 36.9 35.3 38.3

104,637 45,109 28,836 7,307 24,913 8,769 47,707 25,063 25,840 26,254 21,175 39,057 14,538

$60,865 $49,701 $55,701 $51,862 $58,334 $52,424 $56,757 $52,989

$46,505 $48,463 $53,346 $47,393 $55,645 $48,361 $48,025 $46,442 $48,296 $45,247 $45,528 $48,160 $44,274

$20,778 $19,776 $22,073 $18,952 $22,950 $17,489 $17,805 $19,071 $18,812 $17,521 $18,333 $18,385 $17,787

33 34 35 36 37 38 39 40 41 42 43

44 45 46

Grand Total

$36,388 $35,430 $35,422 $34,856 $34,120 $34,046 $33,098 $32,940 $31,578 $31,362 $31,348 $33,873

$42,740 $39,018 $41,983 $43,614 $40,590 $43,644 $42,206 $40,381 $38,431 $39,223 $38,297 $41,187

$16,426 $15,916 $16,091 $17,082 $14,430 $17,283 $15,345 $15,670 $14,208 $15,370 $15,698 $15,989

38.6 38.2 37.8 35.4 36.3 37.1 36.4 37.9 34.5 36.7 37.5 36.8

9,114 17,223 15,056 34,694 7,501 9,033 7,047 12,265 11,318 13,471 10,486 147,208

$28,527 $28,363 $24,621 $27,762

$35,670 $36,462 $33,857 $35,830

$14,751 $14,896 $12,677 $14,467

37.4 37.5 35.5 37.1

6,147 13,861 3,945 23,953

$45,374 $53,345 $21,204

37.1

1,674,784

Source: Decision Data Resources

Commuting to Work Car, Truck, or Van – Drove Alone 1,600,840 64,811 129,663 49,507

Car, Truck, or Van – Carpooled 217,299 7,361 16,413 6,171

Public Transportation 13,357 451 2,777 82

Walked 35,636 2,320 4,758 648

Other Means 32,570 592 3,698 684

Worked at Home 73,647 2,836 6,483 2,503

Mean Travel Time to Work (Minutes) 23.20 26.90 21.80 27.20

MEDICAL & HEALTH CARE

S.C. Berkeley County Charleston County Dorchester County

# of Workers 16 Years and Older 1,973,349 78,371 163,792 59,595

HOSPITALITY & TOURISM

$50,831 $48,937 $48,790 $46,702 $46,639 $46,177 $45,725 $44,360

IMPORT/EXPORT & DISTRIBUTION

Greenville Berkeley Richland Kershaw Charleston Aiken Spartanburg Anderson

Name Calhoun Chester Abbeville McCormick Union Jasper Darlington Subtotal of Average Fairfield Chesterfield Colleton Orangeburg Hampton Barnwell Lee Clarendon Dillon Marion Marlboro Subtotal of Below-Average Bamberg Williamsburg Allendale Subtotal of Low

EDUCATION

5 6 7 8 9 10 11 12

Rank 26 27 28 29 30 31 32

EMPLOYMENT & ECONOMIC DEVELOPMENT

Per Median Median Average Capita Age $57,624 $73,835 $30,346 37.4 $54,577 $64,347 $25,013 36.7 $53,897 $62,405 $24,455 37.9 $52,884 $56,445 $20,130 36.2 $54,698 $64,473 $25,085 37.1

Total Households 6,320 13,196 10,287 3,864 12,175 7,450 23,496 495,993

DEMOGRAPHICS

Name Beaufort York Lexington Dorchester Subtotal of High

Per Median Median Average Capita Age $39,836 $48,235 $20,353 41.0 $39,577 $42,095 $16,916 38.6 $39,518 $41,306 $16,991 38.8 $38,795 $43,674 $17,189 44.1 $38,293 $42,312 $18,790 41.1 $37,370 $44,454 $16,053 35.2 $37,288 $42,920 $15,549 38.1 $42,140 $47,250 $19,074 37.9

FINANCIAL SERVICES

Rank 1 2 3 4

Total Households 57,148 76,028 92,988 41,510 267,674

REAL ESTATE

Income Rank Report by County

Source: U.S. Census Bureau, 2006-2008 American Community Survey

BUSINESS RESOURCES GOVERNMENT

33

www.charlestonbusiness.com | 2010 Market Facts

33

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

Employment & Economic Development nemployment rates seem to have peaked in the Charleston region in January 2010, when Berkeley County hit 11.2%. Jobless figures started a slow descent afterward in all three regional counties and are hovering around 9.5% on average as of June. Jobless figures for the entire state hit a record level for 2009, averaging 11.7% for the year.

Even with jobless numbers nearly in the double digits, Berkeley, Charleston and Dorchester counties have some of the lowest jobless rates in the state — though South Carolina has one of the highest unemployment rates in the nation. As of June, the statewide unemployment rate was 10.7%, a decrease of 0.4% from the previous month. The highest unemployment rate in June was in Marion County, which had 19.3%.

Boeing Co.’s entry into the Charleston market continues to help drive economic development announcements in the region. Those have come from direct suppliers and from others who became aware of the region through the company’s announcement that it would build a 787 final assembly plant in North Charleston. Construction at the Boeing site has had a direct economic impact through contracting jobs and hundreds of workers. The company also announced it would build an interiors manufacturing plant at the Palmetto Commerce Park to supply the 787 assembly plant.

The Clemson University Restoration Institute’s wind turbine test facility has created a buzz about the possibility of green energy jobs in the region; and the burgeoning cruise industry and a bounce in port container volume are helping drive an economic development recovery on many fronts.

U

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GOVERNMENT

34

34 2010 Market Facts | www.charlestonbusines s.com

Charleston International Airport Freight Activity (in pounds)................ 36 Charleston MSA Largest Manufacturing Employers ........................... 36 Charleston MSA Largest International Employers ............................... 36 Charleston MSA Largest Public Sector Employers .............................. 36 Charleston MSA Largest Private Sector Employers ............................. 36 Employment by Sector 2008 ........................ 38 Charleston Region Unemployment Rates ...... 38 Unemployment Rates – Regional Comparison ................................... 39 Occupational Employment and Wage Estimates May 2009 .......................... 39 Labor Force – Charleston Region ................. 39

The Nonprofit Sector Percentage of Nonprofit Revenue by Sector ..... 41 Donor Contributions and Number of Nonprofits................................... 41 Top 10 Nonprofits in Various Sectors, Ranked by Total Revenue ............................. 42

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REAL ESTATE

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

Charleston MSA Largest International Employers

Charleston IInternational t rnational Airport Freight Activity (in pounds) Year Enplaned Deplaned 2003......................................... 1,367,518......................................9,511,442 2004......................................... 1,329,988....................................12,127,778 2005......................................... 1,432,239....................................13,464,555 2006......................................... 2,720,105....................................13,005,222 2007......................................... 4,187,629....................................16,480,551 2008......................................... 4,366,232....................................14,942,868 2009......................................... 5,305,686....................................18,270,824 2010......................................... 3,711,131......................................7,195,254 Note: 2010 information includes January-May activity Source: Charleston County Aviation Authority

Charleston MSA Largest Manufacturing Employers Company Employees Boeing Charleston ............................................................................... 3,000 Robert Bosch LLC .................................................................................. 1,625 Force Protection Inc. ............................................................................. 1,300 Nucor Steel ............................................................................................... 900 KapStone Paper and Packaging Corp. ...................................................... 850 Alcoa Mt. Holly .......................................................................................... 600 Cummins Turbo Technologies .................................................................... 530 CR Bard Inc. ............................................................................................. 455 Detyens Shipyards Inc. ............................................................................ 400 BAE Systems ............................................................................................ 375 MWV (MeadWestvaco Corp.) ..................................................................... 350 Hill-Rom Inc. ............................................................................................ 350 J.W. Aluminum .......................................................................................... 345 Caterpillar Remanufacturing â&#x20AC;&#x201C; Powertrain Services................................... 325 Getrag Precision Gear ............................................................................... 285 American LaFrance ................................................................................... 280 Albany International .................................................................................. 260 DAK Americas ........................................................................................... 250 VT Milcom ................................................................................................ 250 Behr Heat Transfer Systems Inc. .............................................................. 240 BP Amoco ................................................................................................. 225 Showa Denko Carbon Inc. ........................................................................ 220

BUSINESS RESOURCES

Source: Center for Business Research, Charleston Metro Chamber of Commerce, 2009

GOVERNMENT

36

36 2010 Market Facts | www.charlestonbusines s.com

Company Robert Bosch Corp.

Giant Cement Co. Charleston Place Cummins Turbo Technology Behr Heat Transfer Systems Inc. Global Aeronautica LLC Cummins Turbo Technologies Getrag Precision Gear DAK Americas Giant Cement Co. VT Milcom Rhodia BP Showa Denko Carbon Mediterranean Shipping Co. Hagemeyer North America Linde Material Handling N.A. Rotorion North America LLC Gates Corp.

Daimler Vans Manufacturing LLC Berchtold Corp.

Agfa Corp.

Nationality Germany Spain England England Germany Italy England Germany Germany Spain United Kingdom France Switzerland Japan Switzerland Netherlands Germany Germany England Germany Switzerland Belgium

Employees 2,400 789 530 500 405 350 320 285 250 250 250 245 225 225 210 200 200 200 197 180 170 150

Source: Center for Business Research, Charleston Metro Chamber of Commerce, 2009

Charleston MSA Largest Public Sector Employers Company U.S. Navy Medical University Of South Carolina Charleston Air Force Base Charleston County School District Berkeley County School District Dorchester School District Two Charleston County Santee Cooper City of Charleston College Of Charleston

Employees 13,000 11,000 7,000 5,150 3,650 2,800 2,150 1,750 1,700 1,200

Charleston MSA Largest Private Sector Employers Company Roper St. Francis Healthcare Boeing Charleston JEM Restaurant Group Inc. Trident Health System Blackbaud Inc. Piggly Wiggly Carolina Co. Inc. Robert Bosch LLC Kiawah Island Golf Resort/The Sanctuary at Kiawah Bi-Lo Stores Force Protection Inc.

Employees 3,800 3,000 3,000 2,500 2,000 1,900 1,625 1,600 1,350 1,300

Source: Center for Business Research, Charleston Metro Chamber of Commerce, 2009

REAL ESTATE

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

Employment by Sector 2008

FINANCIAL SERVICES

Berkeley County

# employed

% employed

Natural resources, mining, construction ...................3,983 .................. 9.9% Manufacturing .........................................................6,478 ................ 16.1% Trade, transportation, utilities ...................................7,081 ................ 17.6% Information .................................................................925 .................. 2.3%

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

Financial activities ...................................................1,328 .................. 3.3% Professional & business services .............................5,230 ................ 13.0% Educational & health services ..................................2,132 .................. 5.3% Leisure & hospitality industries ................................3,339 .................. 8.3% Other services .........................................................1,368 .................. 3.4% Government, public administration ...........................8,369 ................ 20.8% Total ............................................................... 40,234 .............100.0%

Charleston County

# employed

% employed

Natural resources, mining, construction .................12,535 .................. 5.9% Manufacturing .......................................................11,473 .................. 5.4% Trade, transportation, utilities .................................41,429 ................ 19.5% Information ..............................................................4,249 .................. 2.0% Financial activities .................................................10,410 .................. 4.9% Professional & business services ...........................31,019 ................ 14.6% Educational & health services ................................24,008 ................ 11.3% Leisure & hospitality industries ..............................29,744 ................ 14.0% Other services .........................................................5,949 .................. 2.8% Government, public administration .........................41,641 ................ 19.6% Total ............................................................. 212,456 .............100.0%

Dorchester County

# employed

% employed

HOSPITALITY & TOURISM

Natural resources, mining, construction ...................2,447 .................. 8.0% Manufacturing .........................................................4,680 ................ 15.3% Trade, transportation, utilities ...................................6,394 ................ 20.9% Information .................................................................275 .................. 0.9% Financial activities ......................................................948 .................. 3.1%

MEDICAL & HEALTH CARE

Professional & business services .............................2,386 .................. 7.8% Educational & health services ..................................2,784 .................. 9.1% Leisure & hospitality industries ................................3,763 ................ 12.3% Other services .........................................................1,101 .................. 3.6% Government, public administration ...........................5,812 ................ 19.0%

BUSINESS RESOURCES

Total ............................................................... 30,591 ...........100.00%

2%

4%

6%

8%

10% 12% 14% 16% 18% 20% Source: S.C. Department of Employment and Workforce

Unemployment Rates – Charleston Region GOVERNMENT

38

June ’10 May ’10 April ’10 Mar. ’10 Feb. ’10 Berkeley Charleston Dorchester

10.2% 9.2% 9.1%

9.4% 8.6% 8.6%

9.0% 8.1% 8.3%

10.3% 9.4% 9.6%

11.1% 10.1% 10.4%

Jan. ’10

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

11.2% 10.5% 10.7%

10.7% 9.1% 10.2%

6.2% 5.4% 5.7%

4.8% 4.3% 4.4%

5.5% 5.0% 5.0%

5.4% 5.5% 5.3%

5.5% 5.4% 5.1%

5.4% 5.3% 5.1%

4.5% 4.7% 4.3%

4.4% 4.1% 4.1%

3.2% 3.2% 3.0%

Source: U.S. Department of Labor, Bureau of Labor Statistics; S.C. Department of Employment and Workforce

38 2010 Market Facts | www.charlestonbusines s.com

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

2000

2001

2002

2003

2004

2005

2006

2007

2009

2008

June ’10

10.1 10.5 9.6 10.6 11.7 10.5 6.7 9.3

5.2 3.5 3.5 3.8 5 5.4 5.4 4.7 4.1 6.3 4.1 3.4 3.8 4.7 5.3 5.7 4.7 3.8 6.2 4.6 4.7 5.2 4.7 4.8 4.8 4.0 3.5 6.2 4.7 4.7 5.3 5.5 6.5 6.6 5.6 3.7 6.9 5.6 6.4 6.8 6.8 6.7 6.0 5.2 3.6 6.7 4.9 5.2 5.6 5.4 5.7 5.3 4.7 4.0 3.9 3.0 3.0 3.5 3.7 4.1 4.2 3.2 2.3 5.8 4.6 4.6 5.1 5.5 6.0 5.8 4.7 4.0

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IMPORT/EXPORT & DISTRIBUTION

Labor Force 266,313 277,055 287,021 295,465 303,533 311,955 317,820 322,308 1.40%

Employed Unemployed 254,189 12,124 262,459 14,596 271,603 15,418 279,563 15,902 288,172 15,361 298,092 13,863 299,909 17,911 290,964 31,344 -3.00% 75.00%

Nason Medical Center

Berenyi Renovation BUSINESS RESOURCES

Year 2002 2003 2004 2005 2006 2007 2008 2009 One-year Change

Unemployment Rate 4.6% 5.3% 5.4% 5.4% 5.1% 4.4% 5.6% 9.7%

MEDICAL & HEALTH CARE

Labor Force – Charleston Region

HOSPITALITY & TOURISM

New Construction • Renovations • UpÀts

Source: U.S. Department of Labor, Bureau of Labor Statistics, May 2009

EDUCATION

Metropolitan Median Mean Hourly Mean Annual Statistical Area Employment Hourly Wage Wage Salary Atlanta-Sandy 2,290,890 $16.62 $21.88 $45,520 Springs-Marietta, Ga. Birmingham494,530 $15.12 $19.26 $40,060 Hoover, Ala. CharlestonNorth Charleston280,880 $14.86 $18.57 $38,630 Summerville Charlotte-Gastonia837,820 $16.12 $21.10 $43,890 Concord, N.C. Columbia 334,600 $15.06 $18.76 $39,020 Jacksonville, Fla. 581,450 $15.04 $18.97 $39,460 Knoxville, Tenn.

324,080 $14.09 $18.18 $37,820 Orlando989,160 $14.11 $18.48 $38,430 Kissimmee, Fla. Raleigh-Cary, N.C. 499,330 $16.21 $20.85 $43,370 Richmond, Va. 595,920 $16.71 $21.03 $43,740

EMPLOYMENT & ECONOMIC DEVELOPMENT

Occupational Employment and Wage Estimates May 2009

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DEMOGRAPHICS

10.3 11.6 10.3 10.1 11.0 10.1 7.1 9.6

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FINANCIAL SERVICES

Alabama Florida Georgia North Carolina South Carolina Tennessee Virginia United States

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REAL ESTATE

Unemployment Rates – Regional Comparison

Pulliam Home Remodelling

Cathedral of Praise

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GOVERNMENT

93

Source: Center for Business Research, Charleston Metro Chamber of Commerce

39

The Boeing Company in North Charleston plays a crucial role in building the 787 Dreamliner, the revolutionary new plane making aerospace history.

Clemson University Restoration Institute, site of the worldâ&#x20AC;&#x2122;s largest wind turbine drive train testing facility, positioning North Charleston as the hub of the wind energy research and development industry.

Oak Terrace Preserve, recipient of the Home Depot Foundationâ&#x20AC;&#x2122;s Award of Excellence for Sustainable Community Development, adjacent to the nationâ&#x20AC;&#x2122;s best magnet school.

The epicenter of business development in South Carolina, the City of North Charleston offers a business friendly community, rich with incentives to allow your company to compete on a global scale. Our young, highly skilled workforce attracts industries as diverse as aerospace, automotive, aviation, bioscience, defense, renewable energy, financial services, and information technology. North Charleston is where businesses flourish.

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

Cultural

8.41% Miscellaneous

Human Services

23.55%

U.S.

This new section shines a spotlight on the importance of philanthropic efforts to our overall economy. For more information and statistics on the nonprofit sector in the tri-county area, please pick up a copy the Giving Guide, a special report that will be included in the Nov. 8 issue of the Business Journal.

FINANCIAL SERVICES

Public-Society Benefit

15.78%

The Nonprofit Sector

REAL ESTATE

Percentage of Nonprofit Revenue by Sector

8.73% Education/Research

Donor Contributions and Number of Nonprofits

Health Care

14.03% Conservation

5.51%

2.72%

16.80%

Human Services

12.09%

Public-Society Benefit

2.02% Education/Research

23.45%

*The number of nonprofits in the tri-county area includes IRS-registered 501(c)(3) organizations with revenues greater than $25,000.

Health Care

42.20%

The charts on this page represent the amount of money nonprofits received from donors, foundations, grants and other forms of gifts. Totals listed do not include other types of income.

Conservation

Compiled by Coastal Community Foundation Sources: Giving USA, Guidestar

MEDICAL & HEALTH CARE

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GOVERNMENT

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BUSINESS RESOURCES

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HOSPITALITY & TOURISM

How are you connected with Lowcountry nonproÀts?

IMPORT/EXPORT & DISTRIBUTION

0.72%

EDUCATION

Tricounty

Number of $ Million Nonprofits in Tri-county Tri-county $33.50 86 $148.80 167 $288.70 83 $8.90 15 $519.50 13 $24.90 55 $206.86 69 $1,231.16 488

EMPLOYMENT & ECONOMIC DEVELOPMENT

Cultural

Miscellaneous

Focus Area Cultural Human Services Education/Research Conservation Health Care Public-Society Benefit Miscellaneous Total

$ Billion United States $13.51 $25.36 $38.56 $8.86 $22.54 $14.03 $37.85 $160.71

DEMOGRAPHICS

23.99%

41

REAL ESTATE

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

Top 10 Nonprofits in Various Sectors, Ranked by Total Revenue Income

Program

$8,925,885

$6,558,116

Administrative

Other

Expenses

Assets

Liabilities

$2,608,313

$729,632

$9,896,061

$16,341,564

$5,038,988

% of Revenues from Private Gifts

Year of Report

50%

2008

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

ARTS

GOVERNMENT

42

Spoleto Festival USA Inc. Historic Charleston Foundation

$5,038,605

$3,457,920

$340,677

$239,337

$4,037,934

$20,229,827

$1,585,190

20%

2007

The Charleston Museum

$2,713,111

$1,349,598

$656,916

N/A

$2,006,514

$17,734,824

$122,152

12%

2007

Gibbes Museum of Art

$2,144,838

$1,785,410

$397,460

$24,184

$2,207,054

$3,588,102

$512,316

37%

2007

Distinctively Charleston Food & Wine Festival Inc.

$1,693,212

$1,384,985

$183,562

$9,017

$1,577,564

$63,529

$10,000

97%

2008

Charleston Stage Company Inc.

$1,636,426

$1,219,018

$210,809

$280,168

$1,709,995

$85,317

$550,086

39%

2008

American College of the Building Arts

$1,365,067

$1,009,297

$549,406

$189,963

$1,748,666

$2,323,637

$1,590,728

50%

2006

Preservation Society of Charleston Inc.

$773,508

$413,974

$157,832

$91,388

$663,194

$2,672,949

$72,757

27%

2007

Childrenâ&#x20AC;&#x2122;s Museum of the Lowcountry

$739,098

$772,999

$196,266

$104,678

$1,073,943

$2,090,166

$336,366

32%

2007

S.C. Historical Society

$711,811

$554,235

$126,574

$47,970

$728,779

$6,900,828

$24,632

56%

2007

The Citadel*

$26,446,161

$11,493,145

$1,813,344

$2,544,270

$15,850,759

$196,958,492

$9,743,042

Ashley Hall Foundation

$16,726,778

$8,465,220

$2,186,870

$884,040

$11,536,130

$44,538,207

$26,790,534

36%

2008

Pinewood Preparatory School

$8,188,873

$4,334,691

$2,688,669

$144,922

$7,168,282

$9,172,215

$5,796,073

3%

2008

Mason Preparatory School

$3,181,062

$2,326,160

$660,473

$54,422

$3,041,055

$5,953,214

$847,369

2%

2008

Charleston Day School

$3,005,875

$2,044,995

$795,413

$97,716

$2,938,124

$6,070,642

$652,127

10%

2008

College of Charleston Cougar Club

$2,509,937

$1,686,760

$85,611

$48,764

$1,821,135

$1,687,776

$114,968

96%

2008

Dorchester Academy Inc.

$1,982,119

$1,623,277

$304,072

N/A

$1,927,349

$1,478,732

$535,039

1%

2008

Addlestone Hebrew Academy

$1,844,444

$1,391,804

$424,677

$40,022

$1,856,503

$237,387

$574,759

40%

2008

St. Johns Christian Academy

$1,577,206

$1,008,221

$567,909

N/A

$1,576,130

$298,044

$76,686

1%

2008

Charles Town Montessori School

$1,314,155

$767,863

$211,339

$11,944

$991,146

$403,331

$1,209

1%

2008

Trident Technical College Foundation Inc.

$1,263,162

$988,473

$75,039

$75,227

$1,138,739

$5,859,821

$204,525

100%

2008

Communities in Schools of the Charleston Area Inc.

$1,125,521

$997,105

$68,833

$76,516

$1,142,454

$744,051

$260,238

69%

2008

S.C. Coastal Conservation League

$6,365,057

$2,376,801

$385,042

$278,271

$3,040,114

$9,901,446

$153,503

100%

2007

Charleston Animal Society

$3,393,048

$1,528,724

$130,351

$186,532

$1,845,607

$14,962,721

$5,062,497

53%

2007

S.C. Center for Birds of Prey c/o Jim Elliott

$1,592,439

$505,915

$280,975

$52,042

$838,932

$6,398,234

$1,805,527

42%

2007

International Primate Protection League

$1,474,103

$804,940

$160,409

$16,968

$982,317

$3,749,833

$20,650

94%

2007

Southeastern Wildlife Exposition Inc.

$1,413,605

$1,100,362

$287,130

$1,199

$1,388,691

$97,300

$110,093

0%

2008

EDUCATION

ENVIRONMENT/CONSERVATION

Berkeley County SPCA

$713,364

$653,375

$82,292

$2,339

$738,006

$246,619

$12,005

3%

2006

SPCA Dorchester County

$484,563

$368,465

$7,764

N/A

$376,229

$1,069,019

$25,240

23%

2007

Gulf & Caribbean Fisheries Institute

$126,246

$84,713

$8,277

$191

$93,181

$246,281

$28,485

76%

2007

Carolina Bassett Hound Rescue Inc.

$96,978

N/A

N/A

N/A

N/A

$51,373

N/A

38%

2007

Lowcountry Animal Rescue

$86,054

N/A

N/A

N/A

N/A

$41,611

N/A

90%

2007

HEALTH Roper St. Francis Hospital*

$615,803,179

$374,631,307

$119,855,245

$545,003 $526,928,594

$1,358,690,212 $751,648,201

NA

MUSC*

$230,897,012

$183,325,646

$23,376,265

$206,701,911

$255,853,642 $106,604,308

NA

Hospice of Charleston Inc.

$11,661,096

$9,169,337

$2,695,858

$205,702

$12,070,897

$8,434,842

$5,136,145

10%

2007

Franklin C. Fetter Family Health Center Inc.

$9,531,058

$6,337,308

$2,834,922

N/A

$9,172,230

$4,281,488

$728,011

48%

2007

Sea Island Medical Center

$1,730,506

$1,280,480

$233,730

N/A

$1,514,210

$429,517

$236,327

0%

2007

Lowcountry AIDS Services

$1,377,708

$910,225

$22,286

$230,883

$1,163,394

$1,256,394

$125,641

45%

2007

Ronald McDonald House Charities of Charleston Inc.

$1,072,708

$652,761

$84,828

$208,253

$945,842

$3,563,603

$137,003

95%

2007

Association for the Blind

$752,659

$396,958

$73,848

$44,462

$515,268

$6,083,623

$31,878

54%

2008

Hemangioma Treatment Foundation

$475,018

$104,688

$10,489

$52,355

$167,532

$349,991

$14,505

37%

2007

Lowcountry Regional EMS Council Inc.

$447,749

$234,271

$176,888

N/A

$411,159

$330,822

$209,108

0%

2006

42 2010 Market Facts | www.charlestonbusines s.com

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

Program

Administrative

Other

Expenses

Assets

Liabilities

Year of Report

NEIGHBORHOOD/COMMUNITY DEVELOPMENT Berkeley-Dorchester Counties Economic Development Corp.

$1,686,457

N/A

$15,619,080

$2,797,563

$2,362,951

0%

2007

$2,156,602

$742,125

$49,139

$2,637

$793,901

$12,897,096

$4,446,805

1%

2007

Metanoia Inc.

$585,458

$392,605

$50,762

N/A

$443,367

$732,972

$119,529

46%

2008

The Noisette Foundation

$512,155

$512,260

$20,446

N/A

$532,706

$47,733

$696

85%

2008

Charleston Area Community Development Corp.

$435,039

$284,055

$25,474

N/A

$309,529

$365,087

$180,000

91%

2007

Trident Urban League

$344,120

$268,444

$65,290

N/A

$336,234

$76,196

$55,286

46%

2007

Charleston Metro Chamber of Commerce Education Foundation Inc.

$300,996

$107,512

$89,956

$97,883

$295,351

$117,077

$65,495

47%

2008

Humanities Foundation Inc.

Charleston Bank Consortium

$268,191

$223,100

$63,211

$11,155

$297,466

$1,220,457

$955,693

100%

2008

The Sustainability Institute

$177,099

$128,953

$23,199

$3,508

$155,660

$35,835

$1,453

71%

2007

Save the Light Inc.

$175,884

$83,640

$27,795

N/A

$111,435

$775,344

N/A

4%

2007

$24,234,580

$19,794,898

$3,274,204

N/A

$23,197,734

$25,522,888

$19,256,592

15%

2007

Lowcountry Food Bank Inc.

$16,178,368

$14,790,052

$348,084

$480,873

$15,619,009

$7,391,503

$4,101,109

84%

2007

Berkeley Citizens Inc.

$9,652,960

$8,810,629

$142,042

N/A

$8,952,671

$4,880,300

$993,365

3%

2008

Charleston Orphan House Inc

$3,673,413

$3,314,794

$584,398

$180,588

$4,079,780

$6,989,771

$427,441

22%

2008

Summerville Family Y.M.C.A.

$2,914,378

$1,902,111

$425,795

$335,949

$2,719,131

$5,345,264

$2,011,786

80%

2007

Trident Area Agency on Aging

$2,830,556

$2,464,476

$346,739

$48,368

$2,859,583

$463,493

$282,101

0%

2008

Water Missions International

$2,739,668

$2,285,904

$374,079

$119,692

$2,779,675

$2,906,175

$125,662

98%

2007

Crisis Ministries

$2,676,161

$2,224,885

$83,557

$219,180

$2,527,622

$1,287,092

$436,515

52%

2008

Windwood Farm Home for Children Inc.

$2,595,844

$1,885,989

$286,065

$164,567

$2,336,621

$2,984,490

$257,578

27%

2008

Family Services Inc.

$2,393,695

$1,615,145

$259,893

N/A

$1,875,038

$17,921,500

$16,463,797

17%

2007

Support Giving, and support philanthropy in the Lowcountry.

HOSPITALITY & TOURISM

Each year the Business Journal publishes a special section dedicated to providing the

IMPORT/EXPORT & DISTRIBUTION

*Data not directly comparable because several nonprofits are combined under a single organization. Compiled by Coastal Community Foundation.

Source: Guidestar

EDUCATION

Goodwill Industries of Lower S.C. Inc.

EMPLOYMENT & ECONOMIC DEVELOPMENT

HUMAN NEEDS

DEMOGRAPHICS

$13,932,623

FINANCIAL SERVICES

$14,324,317

REAL ESTATE

Income

% of Revenues from Private Gifts

most current and comprehensive information on the state of the nonprofit sector in the Charleston region. It includes articles on the winners of the Association of Fundraising Professionals (AFP) Lowcountry Philanthropy Awards, and listings and profiles of the region’s businesses and individuals who are our philanthropic leaders.

MEDICAL & HEALTH CARE

Now, when you support Giving you’ll actually be supporting philanthropy in Charleston.

Your advertising dollars will enable the Business Journal to donate advertising space to Charleston’s charities in a subsection called “The Nonprofit Spotlight.” This space will give

BUSINESS RESOURCES

charities and other nonprofit organizations vital exposure to the business community that they normally don’t have the budget to afford.

Giving will have bonus distribution at the Association of Fundraising Professionals Lowcountry Chapter Philanthropy Day Luncheon.

For more information, call Steve Fields at 843.849.3110 or email sfields@scbiznews.com www.charlestonbusiness.com | 2010 Market Facts

GOVERNMENT

34

43

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

E D U C AT I O N

Education ecession-era cuts to kindergarten through 12th-grade and higher education have put crippling strains on education budgets throughout the Charleston region and across South Carolina. The low cost of living and the quality of life have led to an increasing population in recent years, which has slowed during the recession but has not stopped. As the economy recovers and the effect of multiple midyear budget cuts is lessened, more families are likely to move to the area, increasing the need for educational opportunities.

The area is home to 25 private schools accredited by the S.C. Independent Schools Association, and it has several institutions of higher learning, including Charleston Southern University, The Citadel, the College of Charleston, the Medical University of South Carolina, Southern Wesleyan University and Trident Technical College. College students also have access to a variety of programs through the Lowcountry Graduate Center.

The Charleston-North Charleston region beats the national average for college-educated professionals, with 28.9% of the population holding at least a bachelor’s degree. That figure is also more than the state average, which sits at more than 22%.

Lottery money also helps fuel South Carolina’s higher education pursuit, with the S.C. Education Lottery assistance program providing more than $43 million during the 2007-2008 academic school year. Other funds going to students included need-based grants, S.C. Hope Scholarships, legislative incentives and Palmetto Fellows Scholarships.

R

This section is sponsored by:

GOVERNMENT

44

44 2010 Market Facts | www.charlestonbusines s.com

At a Glance: Charleston Region Public Schools................................ 46 Annual Graduation & Dropout Rates ........... 46 2009 Annual School Report Card................ 46 Charleston Region PASS Performance ........ 46 College Admissions Tests for Charleston Region School Districts – ACT .................... 48 College Admissions Tests for Charleston Region School Districts – SAT .................... 48 10-Year Analysis of Total Head Count Enrollment .............................. 49 10-Year Summary of Degrees Awarded...... 49 Statewide Scholarship Award Amount Totals 2007-08 Academic Year (Fall, Winter, Spring and Summer) .............. 50 Tuition Costs for Charleston Region Colleges and Universities (Full-Time Undergraduate Students)........... 50 Percent of Population 25 and Older with a High School Diploma or Higher ........ 50 Charleston Region Enrollment by Grade 2009-10 .................... 50 Average Total Contracted Salary for Classroom Teachers in S.C. 2008-09 .... 51

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BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

E D U C AT I O N

GOVERNMENT

46

At a Glance: Charleston Region Public Schools

Annual Graduation & Dropout Rates

Berkeley County School District Dr. Anthony L. Parker, superintendent 229 E. Main St. Phone: 843-899-8600 Fax: 843-899-8791 www.berkeley.k12.sc.us Moncks Corner, SC 29461 Number of students ......................28,729 Number of schools ...............................36 Number of magnet schools ....................3 Number of charter schools .....................0 Dollars spent per pupil ..................$8,453 Average administrator salary ......$79,295 Average teacher salary ...............$46,776

Dorchester School District 2 Joseph R. Pye, superintendent 100% 102 Green Wave Blvd.

Summerville, SC 29483 Phone: 843-873-2901 90% Fax: 843-83205539 www.dorchester2.k12.sc.us 80% Number of students ......................21,812 Number of schools ...............................20 Number of magnet schools ....................0 70% Number of charter schools .....................0 Dollars spent per pupil ..................$7,799 60% Average administrator salary ......$79,613 Average teacher salary ...............$46,017 50%

Charleston School District Dr. Nancy J. McGinley, superintendent 75 Calhoun St. Charleston, SC 29401 Phone: 843-937-6300 Fax: 843-937-6307 www.ccsdschools.com Number of students ......................42,007 Number of schools ...............................80 Number of magnet schools ..................11 Number of charter schools .....................8 Dollars spent per pupil ..................$9,915 Average administrator salary ......$76,773 Average teacher salary ...............$45,828

Dorchester School District 4 40% Jerry G. Montjoy, superintendent 500 Ridge St. 30% St. George, SC 29477 Phone: 843-563-4535 Fax: 843-563-9269 20% www.dorchester4.k12.sc.us Number of students ........................2,286 5.4% Number of schools .................................5 10% 3.4% 3.1% Number of magnet schools ....................5 0% Number of charter schools .....................0 Berkeley County Charleston County Dorchester Dollars spent per pupil ................$11,357 School District School District School District 2 Average administrator salary ......$80,198 Average teacher salary ...............$48,075 Source: 2009 State of S.C. Education Accountability Act Report Cards,

Source: 2009 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

2009 Annual School Report Card (Ratings over a five-year period) Berkeley County School District Year Absolute Rating 2009.............................................At-Risk 2008................................................ Good 2007................................. Below Average 2006................................. Below Average 2005................................. Below Average

Dorchester School District 2 Year Absolute Rating* 2009................................. Below Average 2008.......................................... Excellent 2007.............................................At-Risk 2006.............................................At-Risk 2005........................................... Average

Charleston County School District Year Absolute Rating 2009.............................................At-Risk 2008.......................................... Excellent 2007........................................... Average 2006.............................................At-Risk 2005................................. Below Average

Dorchester School District 4 Year Absolute Rating 2009.............................................At-Risk 2008.......................................... Excellent 2007.............................................At-Risk 2006.............................................At-Risk 2005.............................................At-Risk

Excellent – School performance substantially exceeds the standards for progress toward the 2020 S.C. Performance Vision Good - School performance exceeds the standards for progress toward the 2020 S.C. Performance Vision

Below Average - School is in jeopardy of not meeting the standards for progress toward the 2020 S.C. Performance Vision At-Risk - School performance fails to meet the standards for progress toward the 2020 S.C. Performance Vision

*The district’s 2009 growth rating was raised one level because of substantial improvement in the achievement of students belonging to historically underachieving groups of students. The growth rating might or might not have been affected by the performance of these groups in prior years.

Source: 2009 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

46 2010 Market Facts | www.charlestonbusines s.com

Graduation Rate =

Dropout Rate =

75.1% 71.4% 67.7%

67.3%

2.9% Dorchester School District 4

S.C. Department of Education

Charleston Region PASS Performance English/ Language Arts Number Tested Not Met Met Exemplary Mathematics Number Tested Not Met Met Exemplary Science Number Tested Not Met Met Exemplary Social Studies Number Tested Not Met Met Exemplary Writing Number Tested Not Met Met Exemplary

Berkeley 12,694 24.1 40 35.9

Charleston 18,081 23.9 35.8 40.3

Dorchester 2 Dorchester 4 10,057 986 18.6 34.1 38.8 41.2 42.6 24.7

12,692 28.8 44.2 26.9

18,080 26.8 39 34.2

10,057 22.2 44.6 33.2

986 40.9 41.5 17.6

8,424 30.8 51.4 17.9

12,059 31.1 46.4 22.5

6,703 24.7 52.7 22.6

658 39.7 48.4 11.9

8,392 25.8 46.2 27.9

12,035 23.2 40.6 36.3

6,692 18.8 44.2 36.9

647 30.3 47.8 21.9

12,708 30.6 40 29.3

18,099 25.9 35.2 38.9

10,028 18.3 37.3 44.5

984 35.6 37.7 26.7

Source: 2009 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

Taking Care of Business Trident Technical College is a proven training resource. We deliver quality corporate training customized to meet your operational needs.

“The Continuing Education division at Trident Technical College offers our site access to expert instructors who provide our employees with world-class training at a reasonable cost. Of added value is their ability to facilitate these training sessions at a moment’s notice.”

Billy Dorris, DAK Americas LLC ________________________________________________ “The partnership Force Protection has had with Trident Technical College over the years has proven invaluable. Working primarily with Homer Spaulding, assistant director of Manufacturing, Trades and Economic Development, we have developed numerous training and testing programs that have facilitated our recruiting efforts and provided tools to support the advancement of our incumbent work force. TTC continues to be a signi¿cant resource for training, testing and developmental guidance in support of our vision, mission and values.”

Frank Mullady, Force Protection ________________________________________________ “The training was superb, and all were well pleased with the outcome. The employees’ feedback was very positive, and it caused our people to think differently about their customers. It opened up new lines of communication within the organization, bringing several teams closer together.”

James E. Young, S.C. State Ports Authority ________________________________________________ “Trident Technical College’s Division of Continuing Education and Economic Development works closely with Alcoa Mt. Holly to ensure that our employees receive

Continuing Education 843.574.6022 www.tridenttech.edu/ce.htm

training that helps us meet our business goals.”

Carole Bruno, Alcoa Mt. Holly

REAL ESTATE

E D U C AT I O N

College Admission Tests for Charleston Region School Districts – ACT

Berkeley County Charleston County Dorchester 2 Dorchester 4 South Carolina Nation

English 2008 2009 18.2 18.2 19.7 20.1 21.4 21.3 15.3 14.5 18.9 18.9 20.6 20.6

Math 2008 2009 19.2 19.2 20.4 20.6 22.0 21.9 16.5 15.7 20.1 19.9 21.0 21.0

Reading 2008 2009 18.8 19.3 20.3 20.8 21.6 22 15.4 15.7 19.7 19.7 21.4 21.4

Science 2008 2009 19.0 19.4 20.0 20.4 21.5 21.6 16.6 16.6 19.6 19.7 20.8 20.9

Total 2008 2009 18.9 19.1 20.2 20.6 21.7 21.8 16.1 15.8 19.7 19.7 21.1 21.1

Source: 2009 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

College Admission Tests for Charleston Region School Districts – SAT School District Berkeley County Charleston County Dorchester 2 Dorchester 4 South Carolina Nation

Critical Reading 2008 2009 488 479 488 487 495 495 438 416 484 482 497

496

Math 2008 2009 501 495 491 493 509 508 420 419 496 496 510

510

Writing 2008 2009 471 461 479 473 480 475 407 421 471 467 488

487

Total 2008 2009 1459 1435 1458 1453 1484 1478 1265 1256 980 978 1007

1006

Source: 2009 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

School District

HOSPITALITY & TOURISM

MOORE EXECUTIVE PROGRAMS Professional MBA

MEDICAL & HEALTH CARE

• An MBA from an internationally ranked school • Evening classes in multiple locations (in North Charleston on Aviation Avenue) • International business concentration available

Executive MHR

BUSINESS RESOURCES

• A global approach to strategic HR • Blended learning: immersions, virtual teamwork and web conferencing • Relevant managerial scenarios and cases

GOVERNMENT

48

Call 803.777.4346 or visit moore.sc.edu/executivedegrees

48 2010 Market Facts | www.charlestonbusines s.com

E D U C AT I O N

1999 -00

2000 -01

2001 -02

2002 -03

2003 -04

2004 -05

2005 -06

2006 -07

684

715

730

739

706

674

717

811

801

899

31.40%

12.20%

628 1,897

561 1,971

564 1,963

606 1,961

682 2,282

682 2,251

743 2,214

670 2,270

806 2,237

688 2,333

9.60% 23.00%

-14.60% 4.30%

713 394 344 302

789 368 399 343

848 353 433 324

884 375 419 442

982 433 485 563

956 398 495 760

920 394 678 766

996 476 735 796

998 536 796 898

914 568 463 893

28.20% 44.20% 34.60% 195.70%

-8.40% 6.00% -41.80% -0.60%

Source: 2009 S.C. Higher Education Statistical Abstract

10-Year Analysis of Total Head Count Enrollment Fall ’99

Fall ’00

Fall ’01

Fall ’02

Fall ’03

Fall ’04

Fall ’05

Fall ’06

Fall ’07

Fall ’08

’99-’08

’07-’08

2,383

2,346

2,297

2,260

2,303

2,433

2,499

2,498

2,537

2,528

6.10%

-0.40%

3,968 11,624 9,882 2,594 2,009

3,872 11,129 10,246 2,603 1,967

4,001 11,617 10,461 2,682 2,067

4,058 11,716 11,251 2,849 2,448

3,695 11,536 11,791 2,990 2,753

3,351 11,607 11,795 2,875 3,024

3,386 11,332 11,407 3,022 3,218

3,306 11,218 11,808 3,224 3,264

3,300 11,316 12,076 3,286 3,396

3,328 11,367 12,763 3,200 3,255

-16.10% -2.20% 29.20% 23.40% 62.00%

0.80% 0.50% 5.70% -2.60% -4.20%

Southern Wesleyan University

1,527

1,803

2,166

2,301

2,430

2,632

2,632

2,557

2,445

2,391

56.60%

-2.20%

EDUCATION

Medical University of South Carolina The Citadel College of Charleston Trident Technical College Charleston Southern University Limestone College

EMPLOYMENT & ECONOMIC DEVELOPMENT

% Change

DEMOGRAPHICS

Trident Technical College Charleston Southern University Limestone College Southern Wesleyan University

1998 -99

FINANCIAL SERVICES

Medical University of South Carolina The Citadel College of Charleston

% Change 2007 2007-08 Over 2007-08 Over -08 1998-99 2006-07

REAL ESTATE

10-Year Summary of Degrees Awarded

Source: 2009 S.C. Higher Education Statistical Abstract

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BUSINESS RESOURCES

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MEDICAL & HEALTH CARE

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HOSPITALITY & TOURISM

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IMPORT/EXPORT & DISTRIBUTION

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www.charlestonbusiness.com | 2010 Market Facts

GOVERNMENT

94

49

Statewide Scholarship Award Amount Totals 2007-08 Academic Year (Fall, Winter, Spring and Summer)

Total: 107,431 awards, $245,161,926 total

Legislative Incentives for Future Excellence Scholarship 30,641 awards $147,916,296 total Palmetto Fellows Scholarship 5,218 awards $40,478,125 total

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

Need-based grants 26,751 awards $23,169,481 total

S.C. HOPE Scholarship 2,804 awards $7,117,245 total

FINANCIAL SERVICES

REAL ESTATE

E D U C AT I O N

Lottery Tuition Assistance Program 42,017 awards $43,006,457 total

Source: 2009 S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education

Tuition Costs for Charleston Region Colleges and Universities (Full-time Undergraduate Students) Out-ofIn-State* State* Per Academic Year – Public Colleges and Universities Medical University of South Carolina** $11,731 $22,276 The Citadel $8,403 $21,031 College of Charleston $8,400 $20,418 Trident Technical College $3,330 $6,308 Per Academic Year – Independent Colleges and Universities Charleston Southern University $18,708 $18,708 Limestone College $17,300 $17,300 Southern Wesleyan University $18,000 $18,000

Percent of Population 25 and Older with a High School Diploma or Higher

Dormitory/ Board*** N/A $5,750 $8,999 N/A $7,178 $6,400 $7,450

* Includes spring tuition increase where applicable. ** Includes Pharmacy, Nursing, and Health Professions only. *** Meals per week not available.

Source: 2009 S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education

United States South Carolina Atlanta-Sandy Springs-Marietta, Ga., Metro Area Charleston-North Charleston Metro Area Charlotte-Gastonia-Concord, N.C., Metro Area Columbia Metro Area Greenville-Mauldin-Easley Metro Area Myrtle Beach-ConwayNorth Myrtle Beach Metro Area Orlando-Kissimmee, Fla., Metro Area Savannah Metro Area

% High School Diploma or Higher 84.50% 82.10%

% Bachelor’s Degree or Higher 27.40% 23.20%

86.50%

34.00%

87.30%

28.90%

85.90%

31.90%

86.70% 81.20%

29.80% 25.90%

85.40%

20.70%

86.90% 86.50%

27.50% 26.60%

BUSINESS RESOURCES

Source: U.S. Census Bureau, 2006-2008 American Community Survey

GOVERNMENT

50

Charleston Region Enrollment by Grade 2009-10 District Berkeley Charleston Dorchester 2 Dorchester 4 State Totals

Pre-K 913 1,731 454 104 3,202

K 2,109 3,493 1,639 169 7,410

1 2,438 3,528 1,683 165 7,814

2 2,209 3,416 1,642 174 7,441

3 2,254 3,362 1,784 165 7,565

Source: S.C. Department of Education

50 2010 Market Facts | www.charlestonbusines s.com

4 2,323 3,325 1,779 174 7,601

5 2,113 3,167 1,753 154 7,187

6 2,076 3,056 1,699 164 6,995

7 2,101 2,876 1,741 136 6,854

8 2,027 2,840 1,687 173 6,727

9 2,141 3,369 1,696 204 7,410

10 2,168 3,055 1,675 169 7,067

11 1,994 2,484 1,673 127 6,278

12 1,555 2,581 1,316 168 5,620

Total 28,421 42,283 22,221 2246 95,171

E D U C AT I O N REAL ESTATE

Average Total Contracted Salary for Classroom Teachers 2008-2009

Source: S.C. Department of Education

Showcase your company with a reprint for use in: • marketing promotions • brochures • media kits • trade shows • sales presentations • digital media • web site content

August 4 - 17, 2008 • www.charlestonbusiness.com September 22 - October 5, 2008

Existing industry Average weekly expands wages, 2007

Cummins adds $759 jobs, $673 equipment to region’s Richland County Lexington County economy.

SEE MORE PAGE 16 ON PAGE 2

High end In Focus: Charleston County

By Mike Fitts

mfitts@scbiznews.com

2030: 376,420

2005: 330,381

population growth

2005: 112,806

2030: 160,640

2030: 204,200

Luxury retailers deliver service and specialty lines to keep customers coming back.

PAGE 6 2005: 151,798

Lawyers are a driving force

CM

Population growth is straining our roads as more people commute into Charleston County.

PAGE 19

Change comes to the Edge of America

Source: South Carolina Budget and Control Board

At Work The American Bar Association has named a Columbia attorney to lead its policymaking division.

PAGE 11

Catching the sun

A USC history major is generating buzz for his ideas about creating SPA’s chiefcommunities. of police keeps healthier ports PAGEsecure 18 through collaboration. PAGE 31

By Scott Miller

olumbia’s economic leader doesn’t put visismiller@scbiznews.com tors on the ground like tourism in Charlesine-resistant vehicle ton or toss around capital like production banking in appears headed for a comeback Charlotte, N.C. in the that The Lowcountry, industry that and provides could mean more government Columbia’s businesscontracts leaderEXECUTIVE and the need forthe more ship: law.workers.

SUMMARY: After laying workers past Foroffproof, lookinnothe further eight The legal field hasmonths, thanForce the Protection downtownIndustries skyline.

Inc. and Protected Inc. are poised come to provide In mostVehicles every major building, more work, much of thefor ecoyou’llwith find American one of theLaFrance big law Summerville part ofMulthe nomic and in social firms, potentially including Nelson mix. power in Columbia. lins in the Meridian, HaynsForce worth Protection just Boyd inkedin two Sinkler the more multimillion-dollar work orCapitol Center and Nexsen ders,First andCitizen’s PVI is zigzagging itse way out Center Street and Ashley Avenue bustle with activity on a recent summer afternoon. Folly Beach is struggling Pruet in the building. Th McNair to balance growth with community traditions. (Photo/Paula Illingworth) andnewpossibly the Law Firm of willbankruptcy move into the buildinginto at Main arms of a New York investment comand Gervais. pany with a history of injecting new life The firms “have certainly been driving the

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Warlaw vehicle The of BMW’s statewide industry impact: $8.8 billion leadership fights back

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³

Tax Business law putsJournal squeeze launches new look, on commercial features real enhanced estate deals

As a wave of growth ripples through Folly Beach, residents hope its eclectic character won’t be washed out to sea

Welders work on the assembly line at BMW Manufacturing Co.’s plant in Greer. A recently study by the University of South Carolina’s Moore School of Business shows that the economic impact of the facility has an $8.8 billion economic impact on the state.

The Wall Street Journal recently ranked

By Molly Parker the Greenville-Mauldin-Easley area No. mparker@scbiznews.com map of the United States showing 10 in the nation in terms of the percentage of gross domestic product that is export-

By James T. Hammond jhammond@scbiznews.com

A

T

he Charleston Regional Business Journal changed. It’s been a By MikehasFitts long time coming, and today we mfitts@scbiznews.com

exports as a percentage of total finally unveil the new look of the LowBusiness is booming in Folly Beach’s Center Street bar and restaurant district.hanges in S.C. law have put an expensive economic output glows bright red ed. The Journal’s figures showed the area country’s source for business news and shipping $5.5 billion its GDP overseas, on commercial real estate transacatNew Greenville, shopsSouth haveCarolina’s opened,exporting and new development hasofsprouted on the island. brake information. tions, brokers say, and they hope the Legispowerhouse that is driven by manufactur- which amounted to 24% of the area’s outWhat you’re holding is more than a rein thethan 2006 data.

Atlike theBMW. same time, home prices haveputmore doubled in the last 10 years. lature will take action in 2009 to fix it. ers designed business newspaper. We’ve reorFor comparison, The Wall Street Jourwas part of the larger tax legislation Th e Germanworry automaker Residents about istheshipdirection the traditional blue-collar beach isThe change ganized and departmentalized ourlaw, inforthat was pushed through in 2006. Under the the ping overseas 70% of the cars it makes nal’s rankings showed Anderson exported mation to make your reading experience of its to output; Spartanburg, 11%; Florsale price of a property becomes its assessed value CityGreenvilleCouncil is13% trying measure the pulse. within a stone’sheaded. throw of the

C

Spartanburg Airport and Interstate 85, ence, 10%; Charleston, 7%; Columbia, 4%; see BMW, page 8 ³ company spokesman Bobby Hitt said. see STORY, page 10 ³

389 Johnnie Dodds Blvd, Suite 200, Mt. Pleasant, SC 29464

To To subscribe subscribe to to the the Charleston Regional Business Business Report, Journal, Columbia Regional call call (843) (843) 849-3116 849-3116 www.charleston business.com

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GOVERNMENT

For a list of Colleges & Universities, see page 54 of the 2010 Book of Lists or visit www.scbiznews.com/data.

Now be the topic of conversation.

Charleston

36

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BUSINESS RESOURCES

$47,421

CofCForMe.com

It’s your future. Make the most of it.

MEDICAL & HEALTH CARE

State Average

South Carolina’s premier public liberal arts and sciences university offers 46 majors with 82 minors, 19 graduate degree programs, a faculty of 500, over 100 clubs and organizations, and more than 20 centers and institutes.

All that and public college tuition.

HOSPITALITY & TOURISM

Rank 6 21 13 34 57 26 69 24 25 11 72 1 79 66 82 80 76 63 35 9 37 20 32 7 8 75 87 14 39 4 12 17 19 5 65 70 40 73 10 2 22 3

IMPORT/EXPORT & DISTRIBUTION

Salary $50,046 $48,355 $48,899 $47,509 $45,806 $48,038 $44,158 $48,217 $48,079 $49,118 $43,157 $51,345 $42,386 $44,296 $41,824 $42,219 $42,695 $44,587 $47,477 $49,276 $47,411 $48,409 $47,558 $50,028 $49,372 $42,755 $36,433 $48,773 $47,302 $50,372 $49,021 $48,498 $48,453 $50,133 $44,537 $43,423 $47,227 $42,993 $49,151 $50,483 $48,325 $50,476

EDUCATION

District Horry Jasper Kershaw Lancaster Laurens 55 Laurens 56 Lee Lexington 1 Lexington 2 Lexington 3 Lexington 4 Lexington 5 Marion 1 Marion 2 Marion 7 Marlboro McCormick Newberry Oconee Orangeburg 3 Orangeburg 4 Orangeburg 5 Pickens Richland 1 Richland 2 Saluda S.C. Public Charter Spartanburg 1 Spartanburg 2 Spartanburg 3 Spartanburg 4 Spartanburg 5 Spartanburg 6 Spartanburg 7 Sumter 17 Sumter 2 Union Williamsburg York 1 York 2 York 3 York 4

EMPLOYMENT & ECONOMIC DEVELOPMENT

Rank 27 18 71 33 29 58 48 52 67 68 78 81 30 15 46 31 56 38 45 51 85 62 60 61 53 86 64 84 55 23 54 47 41 59 77 42 43 16 50 44 83 28 49 74

DEMOGRAPHICS

Salary $47,984 $48,466 $43,290 $47,556 $47,837 $45,768 $46,286 $46,186 $44,286 $44,170 $42,404 $42,081 $47,656 $48,772 $46,775 $47,643 $45,840 $47,374 $46,947 $46,201 $41,317 $44,752 $45,309 $45,211 $46,148 $41,295 $44,561 $41,481 $46,016 $48,243 $46,081 $46,345 $47,205 $45,312 $42,499 $47,192 $47,154 $48,761 $46,204 $47,034 $41,680 $47,841 $46,226 $42,880

FINANCIAL SERVICES

District Abbeville Aiken Allendale Anderson 1 Anderson 2 Anderson 3 Anderson 4 Anderson 4 Bamberg 1 Bamberg 2 Barnwell 19 Barnwell 29 Barnwell 45 Beaufort Berkeley Calhoun Charleston Cherokee Chester Chesterfield Clarendon 1 Clarendon 2 Clarendon 3 Colleton Darlington Dillon 1 Dillon 2 Dillon 3 Dorchester 2 Dorchester 4 Edgefield Fairfield Florence 1 Florence 2 Florence 3 Florence 4 Florence 5 Georgetown Greenville Greenwood 50 Greenwood 51 Greenwood 52 Hampton 1 Hampton 2

For more information call 843.849.3116 www.charlestonbusiness.com | 2010 Market Facts

51

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

IMPORT/EXPORT & DISTRIBUTION

Import/Export & Distribution

Top 10 U.S. Seaport Districts, by Dollar Value of Goods Handled 2009 (in millions) ..................54

he arrival of the 1,063-foot-long MSC Rita in February, the largest ship ever to call on Charleston, signaled that the Port of Charleston can accommodate the largest ships in the world, which will be critical when the Panama Canal expansion opens in 2014. Charleston has the deepest harbor in the Southeast — 45 feet when the tides are right — but is in a race with Georgia to secure funds to further deepen the channel.

The port posted month-over-month and year-over-year volume increases in five of six months to start 2010. In June, port volume increased nearly 34% compared to the same month in 2009. Port officials have cautioned that the double-digit increases are mostly because 2009 was such a tough year for the port.

A new shipping terminal under construction on property at the former Navy Base in North Charleston is scheduled to open in 2017.

The cruise industry in Charleston has experienced a boom in 2010, as the S.C. State Ports Authority has worked to aggressively grow that part of the business along the waterfront. The first ship to be based year-round in Charleston, the 2,056-passenger Carnival Fantasy, arrived in May. Cruise line officials said Charleston’s location near major hubs in the Southeast played a large part in the decision to bring year-round service.

The port plans to host a record 67 cruise calls this year and is going through the design phase of a new passenger terminal, which will incorporate community and green space.

Port of Charleston Top 20 Import Commodities 2009 ................................54

T

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GOVERNMENT

52

52 2010 Market Facts | www.charlestonbusines s.com

Port of Charleston Top 20 Export Commodities 2009 .................................54 Port of Charleston Activity .................................55 Port of Charleston Top 20 Export Destinations ...56 Port of Charleston Top 20 Import Destinations ...56 U.S. Waterborne Container Imports by U.S. Custom Ports in Metric Tons – Southern Ports................57 U.S. Waterborne Foreign Container Trade by U.S. Custom Ports in Metric Tons – Southern Ports ...57

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Top 10 U.S. Seaport Districts, by Dollar Value of Goods Handled 2009 (in millions) Port District Los Angeles/Long Beach, Calif.

Houston/Galveston, Texas New York/New Jersey New Orleans Seattle/Tacoma, Wash.

Savannah San Francisco/Oakland, Calif.

Norfolk/Hampton Roads, Va. Charleston Miami

IMPORT/EXPORT & DISTRIBUTION HOSPITALITY & TOURISM MEDICAL & HEALTH CARE BUSINESS RESOURCES GOVERNMENT

54

Imports Exports Total $219,951.90 $52,920.20 $272,872.10 $84,166.00 $67,891.10 $152,057.10 $106,839.00 $39,210.80 $146,049.80 $51,234.30 $33,220.70 $84,455.00 $47,992.10 $16,112.60 $64,104.10 $32,188.80 $20,898.90 $53,087.70 $31,113.60 $15,136.70 $46,250.30 $26,014.10 $19,490.20 $45,504.30 $28,609.60 $16,375.90 $44,985.50 $16,721.00

$19,839.40

$36,560.40

Source: U.S. Census Bureau Trade Data Branch Report FT-920

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

IMPORT/EXPORT & DISTRIBUTION

F a list of Trucking Companies, see page 49 of the For 22010 Book of Lists or visit www.scbiznews.com/data.

Port of Charleston Top 20 Import Commodities 2009 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Commodity Furniture, fixtures Parts: automobile, motor vehicle Curtains, drapes, linens, sheets, towels Braid, canvas, cloth, fabric, textiles Miscellaneous Tires, tubes Male apparel: boyswear, menswear Female apparel: child, infant, ladies Miscellaneous apparel: belts, headwear Paper: carbon, crepe, stationery Household goods, personal effects Footwear Metalized yarn Fiber: staple, synthetic, plastic Plasticware: flower, styrofoam, tiles Logs, lumber, wood Medical equipment Hardware Electric components, supplies Wood: floors, shingles, woodenware Total Top 20 Import Commodities Total Imports

TEUs* 34,780.18 29,476.43 26,050.93 17,250.54 15,363.94 14,617.82 14,502.11 10,279.63 9,680.81 9,533.46 8,483.19 8,459.58 7,568.28 6,454.76 6,433.87 6,347.06 6,194.97 5,828.91 4,768.14 4,593.26 246,667.87 499,565.64

% of Total 6.96% 5.90% 5.21% 3.45% 3.08% 2.93% 2.90% 2.06% 1.94% 1.91% 1.70% 1.69% 1.51% 1.29% 1.29% 1.27% 1.24% 1.17% 0.95% 0.92% 49.38% 100.00%

F a list of Freight Forwarders, see page 42 of the For 22010 Book of Lists or visit www.scbiznews.com/data.

Port of Charleston Top 20 Export Commodities 2009 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Commodity Paper: carbon, crepe, stationery Pulps: cellulose, chem wood, sulfite Parts: automobile, motor vehicles Logs, lumber, wood Braid, canvas, cloth, fabric, textiles Miscellaneous Misc resins and additives Metal: concentrates, residue, scrap Chemicals Fowl, poultry Waste, scrap: butyral, foam, plastic Machinery: hydraulic, mining, plant Tires, tubes Automobiles, motor vehicles, trailers Grapefruit Lawn mowers, trimmers, garden equipment Plasticware: flower, styrofoam, tiles Furniture, fixtures Medical equipment Fiber: staple, synthetic, plastic Total Top 20 Export Commodities Total Exports

Source: PIERS Global Intelligence Solutions, www.piers.com

Source: PIERS Global Intelligence Solutions, www.piers.com

*TEU – 20-foot equivalent unit

*TEU – 20-foot equivalent unit

54 2010 Market Facts | www.charlestonbusines s.com

TEUs* 85,777.64 37,560.62 17,045.01 15,483.31 15,031.54 13,839.48 11,132.09 10,678.85 9,056.63 8,496.60 8,316.12 8,164.57 8,150.95 6,909.19 6,578.77 5,562.86 5,393.83 4,746.38 4,730.05 4,357.83 287,012.32 455,274.78

% of Total 18.84% 8.25% 3.74% 3.40% 3.30% 3.04% 2.45% 2.35% 1.99% 1.87% 1.83% 1.79% 1.79% 1.52% 1.45% 1.22% 1.18% 1.04% 1.04% 0.96% 63.04% 100.00%

IMPORT/EXPORT & DISTRIBUTION REAL ESTATE

Port of Charleston Activity 1,984,887

2,000,000 1,900,000

1,968,494

1,863,916

1,754,381

FINANCIAL SERVICES

1,800,000 1,635,537 1,690,846

1,700,000 1,635,973

1,500,000

DEMOGRAPHICS

1,600,000

1,592,835 1,531,769

1,486,645

1,400,000 1,300,000

1,181,357

1,200,000

EMPLOYMENT & ECONOMIC DEVELOPMENT

Compared to the 2009 drop-off, port volume in 2010 has increased significantly, but leaders expect the recovery will be slow and steady.

1,100,000

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

Robin Bedenbaugh

SPECTACULAR

HOSPITALITY & TOURISM

Great Weekends Start in Your Inbox!

IMPORT/EXPORT & DISTRIBUTION

Source: U.S. Census Bureau Trade Data Branch

EDUCATION

1,000,000

TRANSPORTATION SOLID WASTE MANAGEMENT ENVIRONMENTAL

MEDICAL & HEALTH CARE

WATER & WASTEWATER POWER MANAGEMENT CONSULTING ARCHITECTURE FEDERAL

Sign up now at www.charlestonbusiness.com for Weekend! 10 Ways to Play.

Vince Streano

South Carolina Offices: 3955 Faber Place Drive Suite 300 N. Charleston, SC 29405 (843) 414-3700

157 E Main Street Suite 400 Rock Hill, SC 29730-4563 Phone: (803) 909-2200

55

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Every Thursday, Just Click. Open.

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BUSINESS RESOURCES

CONSTRUCTION MANAGEMENT

55

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

IMPORT/EXPORT & DISTRIBUTION

GOVERNMENT

56

Port of Charleston Top 20 Export Destinations Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Country Germany People’s Republic of China India Netherlands Belgium United Kingdom Brazil Republic of South Africa Japan France Saudi Arabia Argentina Pakistan Dominican Republic Peru Chile Egypt Colombia Italy Russia Total Top 20 Export Destinations Total Exports

Metric Tons 475,573.89 389,161.27 347,581.48 278,262.83 277,399.18 237,379.24 188,118.60 130,155.33 125,321.27 113,007.42 101,150.34 88,750.06 82,376.00 81,068.37 80,808.02 79,257.94 77,574.48 73,432.30 73,371.53 71,324.47 3,371,074.01 4,599,841.45

% of Total 10.34% 8.46% 7.56% 6.05% 6.03% 5.16% 4.09% 2.83% 2.72% 2.46% 2.20% 1.93% 1.79% 1.76% 1.76% 1.72% 1.69% 1.60% 1.60% 1.55% 73.29% 100.00%

Source: PIERS Global Intelligence Solutions, www.piers.com

Port of Charleston Top 20 Import Countries of Origin Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Country People’s Republic Of China Brazil Virgin Islands Germany Trinidad and Tobago Netherlands Colombia Canada India United Kingdom Venezuela Belgium Russia Chile Pakistan Bahamas France Japan Norway Indonesia Other Countries

Metric Tons 920,056.25 763,601.69 727,076.04 716,305.24 480,828.07 391,443.02 382,592.02 373,995.38 345,631.81 192,690.18 178,133.19 169,518.25 158,199.65 151,208.82 145,128.45 139,799.69 138,280.73 127,913.33 122,035.67 121,172.63 1,683,201.52 8,428,811.63

Source: PIERS Global Intelligence Solutions, www.piers.com

56 2010 Market Facts | www.charlestonbusines s.com

% of Total 10.92% 9.06% 8.63% 8.50% 5.70% 4.64% 4.54% 4.44% 4.10% 2.29% 2.11% 2.01% 1.88% 1.79% 1.72% 1.66% 1.64% 1.52% 1.45% 1.44% 19.97% 100.00%

U.S. Waterborne Container Imports by U.S. Custom Ports in Metric Tons – Southern Ports U.S. Custom Ports 2006 2007 2008 2009 Savannah 6,005,987 7,418,602 7,498,412 6,343,172 Norfolk, Va. 6,456,294 6,590,983 6,247,923 5,235,983 Charleston 6,721,235 5,889,540 5,355,159 3,920,600 Miami 3,955,994 2,987,118 2,571,537 2,310,579 Port Everglades, Fla. 2,504,934 2,674,334 2,416,626 1,944,063 New Orleans 890,403 940,194 982,725 961,631 Gulfport, Miss.

772,073 817,837 850,002 804,466 Wilmington, N.C. 421,365 481,732 513,444 622,821 Jacksonville, Fla. 481,745 411,776 461,609 1,166,695 West Palm Beach, Fla. 214,975 263,494 274,006 218,781 Mobile, Ala. 218,469 272,328 273,510 271,149 Richmond-Petersburg, Va. 206,884 203,872 202,031 38,038 Tampa, Fla. 102,160 165,638 159,046 158,426 Newport News, Va. 410,410 290,793 144,192 688 Panama City, Fla. 119,625 119,345 113,128 105,417 Port Manatee, Fla. 44,118 32,310 44,398 125,972 Fort Pierce, Fla. 6,252 13,201 16,199 18,709 Fernandina Beach, Fla. 81,672 43,553 14,410 5,553 Gramercy, La. 20,717 18,567 11,888 8,284 Port Canaveral, Fla. 811 1,091 827 541 Lake Charles, La. 27 521 374 716 Beaufort-Morehead City, N.C. 18 126 279 0 Pensacola, Fla. 43 0 66 0 Pascagoula, Miss.

43 0 23 93 Brunswick, Ga. 54 138 7 17 Baton Rouge, La. 1,562 0 0 1,163 Note: Statistics exclude postal and military shipments.

Source: PIERS Global Intelligence Solutions, www.piers.com

IMPORT/EXPORT & DISTRIBUTION

Source: PIERS Global Intelligence Solutions, www.piers.com

2,485,520 2,681,421 1,863,051 805,621 3,382,727 935,492 521,152 582,012 36,127 108,091 103,154 177,713 2,087 73,087 14,440 1,184 22,335 0 0 0 0 9 0 0

Note: Statistics exclude postal and military shipments; statistics include government and nongovernment shipments by vessels into and out of U.S. foreign trade zones, the 50 states, the District of Columbia and Puerto Rico.

HOSPITALITY & TOURISM

Source: PIERS Global Intelligence Solutions, www.piers.com

IMPORT/EXPORT & DISTRIBUTION

Note: Statistics exclude postal and military shipments.

2,864,973 2,574,368 1,685,443 937,348 740,050 638,174 583,902 375,549 190,813 139,676 126,274 108,017 96,817 90,563 13,035 6,625 5,128 335 199 0 0 0 0 0

EDUCATION

2,743,185 2,306,391 1,864,754 938,784 733,128 703,638 578,172 294,530 170,689 106,323 139,878 76,590 238,964 12,393 9,522 6,026 3,720 0 35 0 11 92 0 5,442

EMPLOYMENT & ECONOMIC DEVELOPMENT

2,435,240 2,241,636 1,208,395 927,881 736,944 509,389 547,597 190,946 145,948 107,873 150,678 48,573 264,037 15,407 4,003 2,173 2,314 5 0 6 19 0 0 0

U.S. Custom Ports 2006 2007 2008 2009 Savannah 13,440,786 17,137,946 17,894,611 16,685,191 Norfolk, Va. 11,582,726 13,239,789 13,444,473 11,898,340 Charleston 12,336,742 11,689,853 11,034,203 8,192,950 Port Everglades, Fla. 4,940,173 5,417,518 5,281,599 4,429,584 Miami 6,197,631 5,293,509 5,145,905 4,992,000 New Orleans 2,098,799 2,804,948 2,668,168 2,824,683 Gulfport, Miss.

1,319,670 1,396,009 1,433,904 1,325,619 West Palm Beach, Fla. 1,142,856 1,202,278 1,211,354 1,024,403 Jacksonville, Fla. 1,218,689 1,144,904 1,201,659 4,549,422 Wilmington, N.C. 930,755 1,185,370 1,151,618 1,558,314 Mobile, Ala. 409,415 566,859 649,059 853,162 Richmond-Petersburg, Va. 352,832 374,561 392,844 74,166 Tampa, Fla. 150,733 242,228 267,062 336,140 Newport News, Va. 674,447 529,757 241,009 2,775 Panama City, Fla. 270,303 259,223 239,403 208,571 Fernandina Beach, Fla. 189,544 149,876 154,086 113,645 Fort Pierce, Fla. 21,659 25,594 106,763 91,797 Port Manatee, Fla. 46,433 36,029 49,526 148,307 Gramercy, La. 22,890 24,593 18,512 9,469 Lake Charles, La. 4,030 10,043 13,409 15,157 Port Canaveral, Fla. 816 1,091 1,162 541 Beaufort-Morehead City, N.C. 37 137 279 0 Pascagoula, Miss.

43 35 222 93 Pensacola, Fla. 43 5,442 66 0 Brunswick, Ga. 54 229 7 26 Baton Rouge, La. 1,567 0 0 1,163 Destrehan, La. 0 0 0 0

DEMOGRAPHICS

Port Everglades, Fla. Miami New Orleans West Palm Beach, Fla. Jacksonville, Fla. Wilmington, N.C. Gulfport, Miss.

Mobile, Ala. Richmond-Petersburg, Va. Fernandina Beach, Fla. Panama City, Fla. Tampa, Fla. Newport News, Va. Fort Pierce, Fla. Lake Charles, La. Gramercy, La. Port Manatee, Fla. Port Canaveral, Fla. Pascagoula, Miss.

Baton Rouge, La. Beaufort-Morehead City, N.C. Brunswick, Ga. Destrehan, La. Pensacola, Fla.

2006 2007 2008 2009 7,434,799 9,719,344 10,396,199 10,342,018 5,126,431 6,648,806 7,196,549 6,662,357 5,615,507 5,800,313 5,679,044 4,272,349

FINANCIAL SERVICES

U.S. Custom Ports Savannah Norfolk, Va. Charleston

U.S. Waterborne Foreign Container Trade by U.S. Custom Ports in Metric Tons – Southern Ports

REAL ESTATE

U.S. Waterborne Container Exports by U.S. Custom Ports in Metric Tons – Southern Ports

MEDICAL & HEALTH CARE BUSINESS RESOURCES GOVERNMENT

75

www.charlestonbusiness.com | 2010 Market Facts

57

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

H O S P I TA L I T Y & T O U R I S M

Hospitality & Tourism otel occupancy in the Charleston region was up 5.4% in June compared to 2009 as an upward trend that began in March continued after multiyear declines. As the recession’s grip on the market began to loosen, March figures showed the first increase since 2007.

The average rate that hotels are charging per room is down 1.8% for the first half of the year. But the average daily rate increased 1.4% — the first year-over-year improvement in 2010, according to the College of Charleston’s Office of Tourism Analysis. The hospitality industry struggled in 2009, with nights sold totaling 3.57 million, down 7% from 3.9 million in 2008.

Charleston’s profile as a tourist destination is likely to continue to increase with the addition of cruises stopping along the waterfront at the Port of Charleston. The S.C. State Ports Authority has made attracting the floating hotels a priority and has worked with the city of Charleston and local business leaders to add cruise business to the local economy. The successful efforts have attracted the attention of neighboring states, including Georgia.

The loss of the Charleston region’s only discount airline in 2009 caused a 16% increase in airfares in 2010 — though Southwest Airlines’ arrival in 2011 is expected to help alleviate that.

H

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58

58 2010 Market Facts | www.charlestonbusines s.com

Top Origins of Visitors .................................. 60 Charleston Region 2% Accommodations Tax Revenue Distribution, Full Fiscal Year 2009-2010 .......................... 60 Charleston International Airport Passenger Activity ............................ 60 Charleston Region’s Greatest Assets ............................................ 60 Top Metropolitan Areas ................................ 60 Golf Course Statistics by Region and Type of Course........................... 62 Monthly Hotel Occupancy Reports – Charleston County ....................................... 63 Average Expenditures in Charleston ............. 64 Charleston County Hotel/Motel/Inn & B&B Occupancy Trends ................................ 64 Charleston Region Tourism Overview ........... 64 North American Cruise Passengers by Departure Port – Southern Ports (Passengers in Thousands)........................... 65

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REAL ESTATE

H O S P I TA L I T Y & T O U R I S M

Charleston Region 2% Accommodations Tax Revenue Distribution, Full Fiscal Year 2009-2010 Local Government Entity

FINANCIAL SERVICES

7

6

10

DEMOGRAPHICS

5

EMPLOYMENT & ECONOMIC DEVELOPMENT

8 2

9 1 4

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

South Carolina North Carolina Florida Georgia Ohio Pennsylvania New York Virginia Tennessee New Jersey

*About 5% are international visitors, mostly from Canada and the United Kingdom Source: Office of Tourism Analysis, g of Charleston College

EDUCATION IMPORT/EXPORT & DISTRIBUTION HOSPITALITY & TOURISM MEDICAL & HEALTH CARE BUSINESS RESOURCES

Top Origin States of Visitors

3 For a list of Area Attractions, see page 100 of the 2010 Book of Lists or visit www.scbiznews.com/data.

Top Origin Metropolitan Areas of Visitors

Charleston Area’s Greatest Assets

Atlanta Charlotte New York Columbia Greenville Washington Chicago Philadelphia Boston Hilton Head Island

History Food Ambience/Atmosphere Attractions Beach/Waterfront Local Hospitality Tours Shopping Source: Office of Tourism Analysis, College of Charleston

Source: Office of Tourism Analysis, College of Charleston

GOVERNMENT

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60 2010 Market Facts | www.charlestonbusines s.com

Berkeley County Area Berkeley County Bonneau Charleston* Goose Creek Hanahan Jamestown Moncks Corner St. Stephen Summerville* Charleston County Area Charleston County Charleston* Folly Beach Hollywood Isle of Palms Kiawah Island McClellanville Mount Pleasant North Charleston* Raven Ravenel Seabr Seabrook Island Sulliv Sullivan’s Island Summ Summerville* Dorchester County Area Dorc Dorchester County Dorch Harleyville Harle North Charleston* Reevesville Reeve Ridge Ridgeville St Ge George Summ Summerville*

YTD Amount Received $395,774.45 $81,879.98 $103.32 $58,226.19 $34,200.97 $12,784.22 $28.31 $40,685.08 $7,156.61 $160,709.77 $7,660,088.88 $79,457.02 $2,999,882.22 $357,821.13 $3,227.00 $1,064,593.32 $937,694.60 $1,212.80 $702,974.98 $1,422,837.29 $159.19 $79,828.75 $10,400.58 $0 $144,679.53 $54,747.64 $2,482.52 $1,511.71 $89.44 $741.85 $60,051.08 $25,055.29

*Deno a municipality that might have received rev*Denotes enue iin more than one county.

Source Source: S.C. State Treasurer’s Office

Cha Charleston International Airport Passenger Activity Pas Year Enplaned Deplaned 2000.............833,055 ............. 843,655 2000 2001.............794,371 ............. 799,310 2001 2002.............791,341 ............. 805,768 2002 2003.............804,134 ............. 812,121 2003 2004.............912,604 ............. 915,933 2004 2005..........1,073,309 .......... 1,069,668 2005 2006.............943,305 ............. 934,326 2006 2007..........1,140,765 .......... 1,133,715 2007 2008..........1,170,909 .......... 1,163,438 2008 2009..........1,096,605 .......... 1,093,646 2009 2010.............487,452 ............. 487,656 2010 Note: 2010 Information includes January-May activity.

Sourc Source: Charleston County Aviation Authority

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OPAL ROOM Opal One

EMERALD BALLROOM

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F Salon One

Topaz Prefunction

Salon Two

E

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Promenade A

Promenade B

Meeting Check Lounge G In/ Coats

Rest Room

Rest Room

Charleston Marriott Hotel 170 Lockwood Boulevard Charleston, South Carolina 29403 (843) 723-3000 / (800) 968-3569 www.marriott.com/chsmc

REAL ESTATE

H O S P I TA L I T Y & T O U R I S M

FINANCIAL SERVICES

MARKET FACT

DEMOGRAPHICS

ECONOMIC IMPACT In 2007, golf courses and the off-course expenditures of visiting golfers had a billion-dollar economic impact (direct, indirect and induced) in South Carolina:

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

• • • • 18,000 square feet of meeting space in the heart of Charleston’s historic district on Marion Square 233 elegant rooms and suites with breathtaking views of Charleston’s famous harbor The Swamp Fox Restaurant and Bar featuring classic southern cuisine

$2.721 billion in output or sales.

33,535 jobs. $834 million in personal income. $276 million in federal, state and local taxes.

Green fees and club membership dues generated $12.9 million in admissions tax revenue, accounting for more than 39% of state admissions tax collections.

Note: The impacts of real estate sales in golf communities and off-site purchases of golf equipment by local golfers are not included in these totals.

Source: The Economic Impact of Golf in South Carolina, April 2009, S.C. Department of Parks, Recreation & Tourism

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IMPORT/EXPORT & DISTRIBUTION

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Golf Course Statistics by Region and Type of Course (Average annual revenues and rounds played per 18-hole course) Coastal

Noncoastal

Resort

Public

Overall

Daily-fee

27,746

21,878

27,098

27,527

27,111

Members

9,582

9,671

6,314

9,321

9,591

34,846

29,274

29,729

36,238

34,250

1,819

3,861

1,933

2,033

1,994

36,075

31,318

30,534

37,777

35,567

Initiation fees

$125,703

$42,520

$154,687

$54,904

$123,326

Membership dues

$354,961

$183,000

$378,027

$230,651

$340,497

$1,391,604

$342,681

$2,098,184

$911,140

$1,306,764

$729,178

$307,064

$762,492

$685,770

$688,802

Club rentals

$26,109

$1,959

$37,088

$13,803

$23,793

Range

$42,418

$20,447

$39,635

$40,273

$40,387

Other

$67,035

$20,800

$23,259

$49,361

$62,056

$2,358,108

$834,403

$2,838,832

$1,854,603

$2,234,867

$81,921

$502,527

$164,878

$285,910

$386,380

$217,525

$423,789

$320,400

$377,570

Dues/green/cart

$2,276,569

$7 99,472

$2,779,506

$1,783,848

$2,157,098

Overall revenues**

$2,995,629 $ 1,020,079

$3,623,885

$2,316,885

$2,835,842

NUMBER OF ROUNDS

Total paid rounds Complimentary

HOSPITALITY & TOURISM

Overall COURSE REVENUES

Green fees*

MEDICAL & HEALTH CARE

Cart fees

Overall

BUSINESS RESOURCES

WEDDING RECEPTIONS • CUSTOM MENUS PRIVATE PARTIES • CORPORATE FUNCTIONS

GOVERNMENT

62

PRO SHOP REVENUE Gross retail sales

CLUBHOUSE REVENUE Food & beverage sales

Voted Best Caterer 2001 - 2008 by Charleston City Paper 843-534-chef (2433) • crucatering.com

cru café ON PINCKNEY STREET

18 Pinckney Street • Downtown Charleston 843-534-2434 • crucafe.com

62 2010 Market Facts | www.charlestonbusines s.com

$300,598

REVENUE TOTALS

REVENUE/PAID ROUND Dues/green/cart

$52.68

$28.26

$62.72

$48.41

$51.08

Overall revenues**

$81.98

$35.95

$116.70

$63.27

$79.75

Note: *Some green fees include cart fees. **Excludes initiation fees.

Source: The Economic Impact of Golf in South Carolina, April 2009, S.C. Department of Parks, Recreation and Tourism

H O S P I TA L I T Y & T O U R I S M

2009 Total** 2010 YTD Total** 461,853 5.90% 76.56% 7.70% $153.52

-2.80%

-1.10%

388,056 -0.60% 66.56% -5.60%

201,334 1.80% 70.34% 1.60%

$93.20 -8.80%

$95.55 -1.70%

Average Daily Rate Changes in Average Daily Rate from ’08

451,487 -13.50% 57.37% -16.50% $103.75 -6.70%

240,958 1.30% 62.57% 2.70% $103.59 0.50%

3,429,704 -7.40% 63.11% -9.20%

1,880,874 5.40% 70.00% 5.80%

$114.98 -4.60%

$117.33 -1.80%

* Room Nights Sold determined by room inventory x total month days x % occupied.

827,543 8.00% 67.23% 7.30% $88.04 -4.50%

** 2009 Total numbers are being revised based on new information discovered after the year’s end. Numbers are subject to change. 2010 YTD Total is from Jan.-June.

Source: Charleston Area Convention & Visitors Bureau

F a list of Hotels, see page 107 of the 2010 Book of Lists For oor visit www.scbiznews.com/data.

IMPORT/EXPORT & DISTRIBUTION

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HOSPITALITY & TOURISM

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EDUCATION

1,416,452 -10.20% 57.46% -12.50% $87.34 -8.70%

EMPLOYMENT & ECONOMIC DEVELOPMENT

Average Daily Rate Changes in Average Daily Rate from ’08 NORTH CHARLESTON AREA Room Nights Sold* Changes in Room Nights from ’08 Percent Occupied Changes in Occupancy from ’08 Average Daily Rate Changes in Average Daily Rate from ’08

864,010 -4.90% 70.27% -4.60% $146.55

DEMOGRAPHICS

Changes in Average Daily Rate from ’08 WEST OF THE ASHLEY Room Nights Sold* Changes in Room Nights from ’08 Percent Occupied Changes in Occupancy from ’08

2009 Total** 2010 YTD Total** EAST OF THE COOPER Room Nights Sold* Changes in Room Nights from ’08 Percent Occupied Changes in Occupancy from ’08 Average Daily Rate Changes in Average Daily Rate from ’08 COUNTY TOTALS Room Nights Sold* Changes in Room Nights from ’08 Percent Occupied Changes in Occupancy from ’08

FINANCIAL SERVICES

PENINSULA AREA Room Nights Sold* Changes in Room Nights from ’08 Percent Occupied Changes in Occupancy from ’08 Average Daily Rate

REAL ESTATE

Monthly Hotel Occupancy Reports – Charleston County

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From the publishers of

843.722.7229 35 Lockwood Drive • Charleston, SC 29401 www.marriott.com/chscy www.charlestonbusiness.com | 2010 Market Facts

GOVERNMENT

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63

REAL ESTATE

H O S P I TA L I T Y & T O U R I S M

Average Expenditures in Charleston - 2008

- 2009

Charleston County Hotel/Motel/Inn & B&B Occupancy Trends

Expenditure per Person per Day $212 Expenditure per Person per Day $170

$100 FINANCIAL SERVICES

$90 $80 $70 $60

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

$50

GOVERNMENT

64

$40 $30 $20 $10 $0

Accommodations

Dining/Food

Local Tours/ Shopping Other Transportation Attractions Expenses Note: The sum does not equal total expenditure because each category is calculated based on non-zero values.

Source: Office of Tourism Analysis, College of Charleston

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 One-year Change

Average Occupancy 70.0% 67.4% 64.7% 67.5% 68.1% 69.3% 71.1% 70.2% 72.6% 71.5% 63.9% -5.80%

Average Daily Rate $98.11 $109.59 $107.80 $130.17 $130.40 $131.81 $140.51 $149.74 $165.07 $171.45 $113.46 -5.80%

Source: Center for Business Research, Charleston Metro Chamber of Commerce

Charleston Region Tourism Overview Charleston Visitor Center Traffic Charleston Area Attraction Attendance Total Total Admission Tax Collected (5%) Berkeley County Charleston County Dorchester County Average Occupancy Average Expenditure Per Visitor Per day Average Daily Rate Hotel/Motel Inventory Charleston County Total Peninsula of Charleston Charleston/West of the Ashley (including West Islands) North Charleston Area East of the Cooper (Mount Pleasant and East Islands) Beach Properties Dorchester County Berkeley County Total Lodging Sales Berkeley County Charleston County Dorchester County Revenue per Available Room Annual Number of Visitors Total Economic Impact Percentage of Sales Attributable to Tourism Berkeley County Charleston County Dorchester County Earnings of Jobs

2005 972,372 1,711,030 $4,569,542 $481,664 $3,880,888 $206,990 68% $225 $95 14,396 12,466 3,382 1,500 5,055 1,578 951 686 1,244 $426,829,835 $20,247,409 $398,701,401 7,881,026 $29,000 4.06 Million $2.80 Billion 10% 3% 13% 2% $1.0 Billion

2006 1,005,905 1,690,060 $5,158,407 $506,569 $4,444,408 $207,430 68% $235 $101 14,914 12,984 3,382 1,577 5,496 1,578 951 686 1,244 $465,767,736 $22,858,742 $435,682,211 7,226,784 $31,000 4.21 Million $3.06 Billion 12% 3% 16% 2% $1.1 Billion

2007 1,029,399 1,694,875 $5,001,921 $510,873 $4,268,095 $222,953 70% $235 $109 15,450 13,520 3,382 1,577 5,902 1,708 951 686 1,244 $520,502,789 $25,618,309 $487,831,883 7,052,598 $31,000 4.33 Million $3.09 Billion 12% 3% 16% 2% $1.1 Billion

2008 900,511 1,514,129 $5,436,271 $466,363 $4,657,645 $312,263 64% $212 $113 16,625 14,549 3,381 1,498 6,620 1,937 1,113 783 1,293 $513,502,328 $24,418,053 $482,597,314 6,486,961 $29,000 4.12 Million $3.05 Billion 11% 2% 15% 1% $1.0 Billion

2009 832,909 1,543,429 $5,577,385 $588,119 $4,704,023 $285,243 61% $170 $104 16,830 14,754 3,368 1,597 6,743 2,026 1,019 783 1,293 $451,682,873 $19,191,970 $426,855,094 5,635,809 $27,000 3.93 Million $2.80 Billion 11% 2% 15% 2% $1.0 Billion

*Hotel inventories are calculated using different methods from year to year, so the numbers are not comparable.

Notes: Average Daily Rate and Occupancy Rate are calculated based on hotel occupancy only. Total lodging sales are based upon the stateâ&#x20AC;&#x2122;s 2% lodging tax, which includes all paid forms of commercial lodging, including rental villas, beach houses and bed & breakfasts, which are large sectors in this market. Economic impacts, the numbers of jobs and their earnings of 2008 are based on the IMPLAN model, which might not be comparable to previous years. Data sources: Charleston Area Convention and Visitors Bureau, Smith Travel Research, S.C. Department of Parks, Recreation and Tourism, Charleston Metro Chamber of Commerce, S.C. Department of Revenue, College of Charleston Office of Tourism Analysis.

64 2010 Market Facts | www.charlestonbusines s.com

H O S P I TA L I T Y & T O U R I S M REAL ESTATE FINANCIAL SERVICES

Q3 0.0 49.9 6.5 456.2 52.1 13.0 21.9 299.7 79.0

Q4 13.3 413.6 43.4 551.9 32.5 52.7 6.0 308.7 105.2

Q1 20.5 601.4 46.5 629.1 29.2 75.0 0.0 247.1 129.3

Q3 0.0 93.0 49.1 395.0 32.5 48.7 0.0 330.5 79.8

Q4 2.9 374.1 46.2 531.7 39.0 66.4 9.0 29.7 102.3

2004 38.9 1237.2 113.7 1682.8 28.8 395.8 47.9 1230.1 399.2

2005 41.3 1199.4 137.1 1771.3 87.6 308.4 45.4 1233.6 407.7

ANNUAL 2006 2007 47.2 44.4 1144.5 1288.5 128.1 130.1 1890.1 1889.8 98.7 130.4 75.4 257.6 25.2 30.7 1396.3 1298.4 461.0 367.7

208 53.2 1187.5 87.3 2099.0 145.7 184.6 40.6 1225.8 392.6

2009 37.4 1276.9 188.3 2031.9 134.6 243.3 26.4 921.8 401.5

Note: The cruise passenger statistics over 17 major cruise lines that offer North American cruises with a U.S. port of call

MEDICAL & HEALTH CARE

Including: CRESTRON TPMC-8X WiFi Touch Panel allows Remote Environment Shade and Lighting and more Plush conference seating for 18 Wall-to-Wall Document Display Boards Fully-Interactive White Board 3000 Lumen LCD Video Projector Gigantic 65 Inch Plasma Display High Def 72”x96” Projection Screen DVD/VCR/ TV Tuner Surround-Sound Telephone Conferencing Unit 3-D Document Viewer IP Video Teleconferencing Tandberg 6000 MXP Codec 720P High-Definition Video Camera

HOSPITALITY & TOURISM

Charleston Airport & Convention Center

The AIRO (All-Inclusive Resource Outlet) Boardroom provides the most highly advanced technology in the most professional atmosphere. The sky’s the limit in our luxurious, state-of-the-art meeting facility! Offering unprecedented convenience, and equipped with unsurpassed technology, The A.I.R.O. holds everything your company needs to soar beyond the competition.

IMPORT/EXPORT & DISTRIBUTION

Source: U.S. Department of Transportation Maritime Administration; cruises, cruise passengers and departure ports are derived from U.S. Customs and Border Patrol Vessel Entrance and Clearance documents. Destinations are derived from the Official Steamship Guide International (edited by Michaela Barber) and cruise line brochures.

EDUCATION

Q1 20.5 557.0 32.2 631.7 29.0 73.1 0.0 310.6 123.8

2009 Q2 14.0 208.4 46.5 476.1 33.9 53.2 17.4 314.5 90.1

EMPLOYMENT & ECONOMIC DEVELOPMENT

Port Charleston Fort Lauderdale, Fla. Jacksonville, Fla. Miami Mobile, Ala. New Orleans Norfolk, Va. Port Canaveral, Fla. Tampa, Fla.

2008 Q2 19.4 167.0 5.2 459.2 32.1 45.8 12.7 306.8 84.6

DEMOGRAPHICS

North American Cruise Passengers by Departure Port – Southern Ports (Passengers in Thousands)

BUSINESS RESOURCES

Amenities Available: Coffee/Tea Setup • Full Service Catering Available • Projection Equipment • TV/VCR/DVD • WIFI Internet • Podium • LAN Internet • Microphone • IP Teleconferencing • White Board

GOVERNMENT

56

5264 International Blvd. • North Charleston, SC 29418 • 843.576.0300 • www.holiday-inn.com/chastnairport.com www.charlestonbusiness.com | 2010 Market Facts

65

BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

M E D I C A L & H E A LT H C A R E

Medical & Health Care ew hospitals in the East Cooper area are adding medical infrastructure to the Charleston region in 2010. In April, East Cooper Regional Medical Center opened on 55 acres next to its former location near the intersection of U.S. Highway 17 North and Interstate 526. Mount Pleasant Hospital, part of Roper St. Francis Healthcare, has nearly completed a new hospital on 66 acres near the intersection of U.S. Highways 17A and 176, with a medical office complex at the same location. Those facilities are expected to open in November.

Medical employment accounts for a large number of jobs in the region, with more than 2,100 physicians and 7,500 nurses. The Charleston area is home to nearly 15% of all the doctors practicing in South Carolina. The Medical University of South Carolina is one of the major research institutions in South Carolina and home to several Centers of Economic Excellence, which bring money and top medical innovators to the state and region. In 2009, the Hollings Cancer Center at MUSC was designated a National Institute of Health, the only one in South Carolina.

Cancer and heart disease are the leading causes of hospitalizations in the three-county region, and many of the area’s resources go toward treatment of those diseases. Heart disease alone accounts for nearly $320 million in hospitalization costs in Berkeley, Charleston and Dorchester counties. Cancer hospitalizations cost nearly $110 million in the Charleston area in 2008.

N

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GOVERNMENT

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66 2010 Market Facts | www.charlestonbusines s.com

Percentage of People Without Health Insurance ......................68 Small Employers by Insurance Offerings in S.C.....................68 Steps Toward Creation of a Corporate Wellness Program ..........68 Steps to Starting a Company Health Promotion Program ....................68 Health Professionals – Charleston Region July 2010 ................68 2009 Year-end Medical Market Report – Columbia ....................68 Chronic Conditions by County 2008 ......70 Top 10 Leading Causes of Death by County, 2007..........................72 Top 10 Reasons for Inpatient Hospitalization ......................................73

Knowing where to find South Carolina’s most advanced health care could change your life. So could not knowing.

At an academic medical center like the Medical University of South Carolina, you get more than a great doctor. You get the combined thinking of a whole team of medical specialists and the expertise of one of America’s most respected hospitals. Our Hollings Cancer Center is one of just a few in America designated by the National Cancer Institute. We’re among the top-ranked hospitals in National Institutes of Health research funding for neuroscience. And our Heart & Vascular Center is considered one of the nation’s best. MUSC is helping South Carolinians by improving the outcomes for these diseases. For thousands of families every day, we’re changing what’s possible. To learn more, visit: MUSCchangingwhatspossible.org.

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Changing What’s Possible In Health Care.

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

M E D I C A L & H E A LT H C A R E

Percentage of People Without Health Insurance

Health Professionals – Charleston Region July 2010

2000 2001 2002 2003 2004 2005 2006 2007 2008 S.C. 12.1 12.2 12.5 14.4 14.7 15.3 15.9 16.4 15.8 U.S. 13.2 13.3 14.2 14.8 14.7 16 15.8 15.3 15.4 Southeast 13.6 14.2 14.5 15.7 15.8 17.3 17.3 18.4 16.2 Note: The Southeast Region consists of Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee Source: U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2009

Small Employers by Insurance Offerings in S.C. Business Type Agriculture Construction Government Hotel, Motel, Restaurant, or Entertainment Manufacturing Medical Professional and Related Services Retail Trade Other

% of Total Businesses Offers Insurance .96% 55.56% 11.98% 75.00% 1.39% 100.00%

Does Not Offer Insurance 44.44% 25.00% 0.00%

IMPORT/EXPORT & DISTRIBUTION HOSPITALITY & TOURISM MEDICAL & HEALTH CARE BUSINESS RESOURCES

Charleston Dorchester 2,009 85 167 21 4,653 1,455 611 305 334 61 80 35 201 36

S.C. 15,134 785 47,216 11,230 2,868 1,471 1,465

2

27

31

671

67

204

57

2,607

42 223 111 10

376 527 743 58

65 230 102 12

2,727 1,787 6,897 754

Source: S.C. Department of Labor, Licensing and Regulation

12.94%

76.67%

23.33%

14.12% 7.59%

92.42% 83.10%

7.58% 16.90%

25.35%

73.00%

27.00%

21.82% 3.85%

82.67% 75.00%

17.33% 25.00%

Source: The Palmetto Project

Steps to a Healthy Workplace Steps Toward Creation of a Corporate Wellness Program The process of assembling a worksite wellness program involves: • Identifying the current health status of your staff members.

• Determining the appropriate programs and interventions to offer.

• Promoting and launching the programs.

• Building in motivational incentives.

• Measuring the effect.

• Revising programs based on evaluation outcomes.

The program also could include beginning policies and procedures that support employee participation in wellness activities at your workplace (such as flextime).

Steps to Starting a Company Health Promotion Program • Conduct an organizational assessment.

• Obtain senior staff backing.

• Establish a workplace health promotion program committee.

• Get employee input.

• Establish goals and objectives.

• Design and enable program activities.

• Select incentives and rewards.

• Assess outcomes.

Source: www.corporate-health-and -wellness-program.com

68

GOVERNMENT

Physicians Physician Assistants Registered Nurses Licensed Practical Nurses Physical Therapists Physical Therapist Assistants Occupational Therapists Occupational Therapist Assistants Respiratory Care Practitioners Dentists Dental Hygienists Pharmacists Optometrists

Berkeley 51 21 1,402 392 51 41 40

F a list of Employee Benefit Brokers, see page 90 of the For 22010 Book of Lists or visit www.scbiznews.com/data.

68 2010 Market Facts | www.charlestonbusines s.com

2009 Year-end Medical Market Report – Columbia Total SF CBD* MOB* Multitenant Submarket Forest Acres MOB

Vacant SF

Occupied Space

Occupancy Rate

Average Rent

262,434 81,674 440,995

23,067 14,268 42,384

239,367 67,406 398,611

91.21% 82.53% 90.39%

$22.00 $16.02 $17.37

157,242

32,072

125,170

79.60%

$20.28

Multitenant 61,508 Submarket 252,245 Irmo MOB 213,807 Multitenant 137,576 Submarket 386,231 Lexington MOB 343,337 Multitenant 150,899 Submarket 635,057 North Columbia MOB 496,055 Multitenant 72,463 Submarket 895,744 Northeast Columbia MOB 125,746 Multitenant 111,193 Submarket 314,915 Market MOB 1,598,621 Multitenant 615,313 Submarket 2,925,187

32,072 36,926

56,654 215,319

92.11% 85.36%

$12.96 $19.32

32,807 0 32,807

181,000 137,576 353,424

84.66% 100.00% 91.51%

$21.07

100,001 28,601 147,673

243,336 122,298 487,384

70.87% 81.05% 76.75%

$23.56 $14.68 $18.80

54,498 9,378 67,966

441,557 63,085 827,778

89.01% 87.06% 92.41%

$22.46 $19.77 $21.49

22,486 39,342 61,828

103,260 71,851 253,087

82.12% 64.62% 80.37%

$20.00 $17.63 $18.49

264,931 96,443 389,584

1,333,690 518,870 2,535,603

83.43% 84.33% 86.68%

$22.19 $16.49 $19.17

*CBD – Central Business District; MOB – Medical Office Building Source: Colliers International

$21.07

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BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

M E D I C A L & H E A LT H C A R E

GOVERNMENT

70

Chronic Conditions by County 2008 Berkeley County DISEASE OF THE HEART Number of hospitalizations Total cost of hospitalizations Number of emergency room visits Total cost of emergency room visits STROKE Number of hospitalizations Total cost of hospitalizations Number of emergency room visits Total cost of emergency room visits ALL CANCERS Number of hospitalizations Total cost of hospitalizations Charleston County DISEASE OF THE HEART Number of hospitalizations Total cost of hospitalizations Number of emergency room visits Total cost of emergency room visits STROKE Number of hospitalizations Total cost of hospitalizations Number of emergency room visits Total cost of emergency room visits ALL CANCERS Number of hospitalizations Total cost of hospitalizations Dorchester County DISEASE OF THE HEART Number of hospitalizations Total cost of hospitalizations Number of emergency room visits Total cost of emergency room visits STROKE Number of hospitalizations Total cost of hospitalizations Number of emergency room visits Total cost of emergency room visits ALL CANCERS Number of hospitalizations Total cost of hospitalizations

County Total

Blacks

Whites

Males

Females

State Total

1,434 $83,280,300 527 $3,068,800

416 $22,603,600 167 $818,900

991 $59,378,200 350 $2,214,600

782 $48,481,400 273 $1,680,800

652 $34,798,900 254 $1,388,000

57,663 $2,664,788,200 16,745 $79,558,700

372 $14,418,300 121 $862,500

100 $5,096,500 30 $223,400

262 $8,994,200 91 $639,100

176 $6,432,900 52 $382,300

196 $7,985,400 69 $480,200

14,062 $484,134,800 3,667 $21,637,800

520 $23,475,900 County Total

193 $8,310,100 Blacks

314 $14,605,600 Whites

144 $8,181,500 Males

376 $15,294,400 Females

15,523 $717,412,600 State Total

3,607 $162,793,200 1,319 $5,207,200

1,344 $57,581,700 636 $2,037,200

2,221 $102,933,800 657 $3,074,600

1,876 $87,723,300 637 $2,733,500

1,731 $75,069,900 682 $2,473,700

57,663 $2,664,788,200 16745 $79,558,700

1,075 $39,641,500 243 $1,579,600

423 $17,719,400 98 $612,200

635 $21,264,500 139 $930,600

478 $17,573,400 106 $762,900

597 $22,068,100 137 $816,700

14,062 $484,134,800 3,667 $21,637,800

1,378 $65,322,300 County Total

569 $25,632,900 Blacks

761 $37,282,000 Whites

456 $27,732,700 Males

922 $37,589,600 Females

15,523 $717,412,600 State Total

1,170 $72,223,600 492 $2,590,400

290 $15,669,900 168 $714,700

865 $55,427,900 317 $1,843,000

608 $41,878,600 242 $1,267,100

562 $30,345,000 250 $1,323,300

57,663 $2,664,788,200 16,745 $79,558,700

330 $10,657,100 108 $726,800

93 $3,904,500 34 $240,800

229 $6,550,200 73 $482,600

139 $4,154,400 49 $299,300

191 $6,502,700 59 $427,500

14,062 $484,134,800 3,667 $21,637,800

460 $20,874,900

143 $5,450,300

309 $15,052,500

158 $9,590,800

302 $11,284,100

15,523 $717,412,600

Source: Bureau of Community Health and Chronic Disease Prevention, S.C. Department of Health and Environmental Control

70 2010 Market Facts | www.charlestonbusines s.com

REAL ESTATE

M E D I C A L & H E A LT H C A R E

Top 10 Leading Causes of Death by County, 2007 (Crude mortality rate per 100,000) 200

193.6

211.0

189.6 180.4

180

FINANCIAL SERVICES

160

156.0 141.9

140 120

80

IMPORT/EXPORT & DISTRIBUTION HOSPITALITY & TOURISM

71.4 57.2 53.8 45.9 44.3

43.0 37.9 25.3

21.9

eas Dis

nce r Ca

Ca

RK

EL EY

CO

C nce Disea OU r (m ses NT of alig the Y n Ch C he ron ereb ant n eop art ic l rov ow las asc er ms res ular dis ) pir eas ato ry dis e ea Alz Ac se Ne h eim cide ph riti n er’ s, n s d ts D iab ise ep ete hro a s m se tic syn elli t Su d icid rom Sept us ea ice e( nd mi int a en tio neph na CH l se rosis AR lf-h arm LE ) Ca STO nce N r (m C alig OU na N Dis nt ne TY eas op las es m of the s) Ce Ch h ear re ron A t ic l brov ow asc ccide er n u t l a s res Ne pir r dise ph a a riti t s o Alz s, n he ry dis e ep im e hro a er’ tic s d se i syn Diab ete sease dro s me me an d n llitus ep hro S ep sis Ho DO ti mi RC cid cemi a e( HE ass ST au lt) ER

18.0 14.2 13.5

TY

17.0 14.9 12.5

20

33.4 33.1

31.1 26.9

Source: S.C. Department of Health and Environmental Control’s S.C. Community Assessment Network; generated by chronic disease epidemiology and evaluation

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MEDICAL & HEALTH CARE

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72

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72 2010 Market Facts | www.charlestonbusines s.com

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18.6

11.9 11.0

of ali Ce gnan the h Ch re e ron t ic l brov neop art ow asc las er m res ular d s) pir i s e ato ry ase Ne D d i i ab ph ete sease riti s, n sm ep elli hro tus Alz A tic c syn heim cide n dro e me r’s di ts sea an dn s ep e hro Ho Sept sis i mi cid cemi a e( ass au lt)

29.6

(m

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UN

51.5

es

60

BE

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

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Hire an ECPI graduate today!

M E D I C A L & H E A LT H C A R E

Berkeley County

344

2.30%

323

2.20%

266 259 204 195 194

1.80% 1.70% 1.40% 1.30% 1.30%

• Increase company exposure.

1.70% 1.60%

592 589 484

1.60% 1.60% 1.30%

Discharges 1,080 488 330

% of Total 8.30% 3.40% 2.50%

316

2.40%

309

2.40%

215 187 181 165 161

1.60% 1.40% 1.40% 1.30% 1.20%

SCJobMarket.com is an Internet recruiting Web site devoted to connecting local candidates with local employers.

Currently, we have over 135,000 unique site visitors a month and over 18,000 active job seekers registered.

BUSINESS RESOURCES

633 612

Why use SCJobMarket.com?

MEDICAL & HEALTH CARE

1.70%

HOSPITALITY & TOURISM

646

• Significantly reduces “Cost per Hire.”

IMPORT/EXPORT & DISTRIBUTION

% of Total 7.40% 3% 2.70% 2.60%

EDUCATION

Discharges 2,752 1,103 993 947

Dorchester County Diagnosis Related Group Name Vaginal delivery without complicating diagnosis Cesarean section without CC/MCC Uterine and adnexa procedures for nonmalignancy without CC/MCC Major joint replacement or reattachment of lower extremity without MCC Esophagitis, gastroenterological and miscellaneous digestive disorders without MCC Chest pain Cesarean section with CC/MCC Cellulitis without MCC Septicemia without MV 96+ hours with MCC Kidney & urinary tract infections without MCC

• 83% of job seekers spend more than 8 hours per week online.

• On average, using the Internet shaves 20 days off company’s hiring cycle.

Charleston County Diagnosis Related Group Name Vaginal Delivery without complicating diagnosis Cesarean section without CC/MCC Psychoses Major joint replacement or reattachment of lower extremity without MCC Esophagitis, gastroenterological and miscellaneous digestive disorders without MCC Cesarean section with CC/MCC Uterine and adnexa procedures for nonmalignancy without CC/MCC Red blood cell disorders without MCC Vaginal delivery with complicating diagnoses Rehabilitation with CC/MCC

Why use the Internet to recruit employees?

EMPLOYMENT & ECONOMIC DEVELOPMENT

% of Total 8.40% 3.40% 2.30%

DEMOGRAPHICS

Discharges 1,250 506 344

FINANCIAL SERVICES

Diagnosis Related Group Name Vaginal delivery without complicating diagnosis Cesarean section without CC/MCC Esophagitis, gastroenterological and miscellaneous digestive disorders without MCC Uterine and adnexa procedures for nonmalignancy without CC/MCC Major joint replacement or reattachment of lower extremity without MCC Chest pain Cesarean section with CC/MCC Cellulitis without MCC Red blood cell disorders without MCC Vaginal delivery with complicating diagnoses

Connect with the Best Local Job Candidates.

REAL ESTATE

Top 10 Reasons for Inpatient Hospitalization

Inpatient Hospital Discharge Database includes acute-care hospitals, excludes newborns.

Source: Office of Research & Statistics, S.C. State Budget & Control Board

F a list of Hospitals, see page 91 of the For 22010 Book of Lists or visit www.scbiznews.com/data.

From the publishers of

www.SCJobMarket.com www.charlestonbusiness.com | 2010 Market Facts

37

GOVERNMENT

For more information, call 843.849.3130

73

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

BUSINESS RESOURCES

Business Resources hether youâ&#x20AC;&#x2122;re starting a business, growing an existing business or simply need answers to everyday business questions, you need a place to go. Check out the resources in this section of Market Facts. Whether you need financial help, technological help or general assistance, there is an organization, government facility or educational resource standing by ready to offer assistance.

W

Chambers of Commerce ............. 76 Business Assistance ................... 76 Miscellaneous Business Directory ...................... 78 Economic Development .............. 79 Human Resources....................... 79

BUSINESS RESOURCES

Technology ................................. 80

This section is sponsored by:

GOVERNMENT

74

74 2010 Market Facts | www.charlestonbusines s.com

Financial Assistance.................... 80

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BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

BUSINESS RESOURCES

Chambers of Commerce Berkeley Chamber of Commerce 1004 Old U.S. Highway 52 Moncks Corner, SC 29461 Charleston area: 843-577-9549 Moncks Corner: 843-761-8238 www.berkeleysc.org Supports more than 500 member businesses by providing leadership and services to promote a strong business environment and high quality of life in Berkeley County.

Charleston Metro Chamber of Commerce 2750 Speissegger Drive, Suite 100 North Charleston, SC 29405 Mailing Address: P.O. Box 975 Charleston, SC 29402-0975 843-577-2510 www.charlestonchamber.net Serves as the catalyst to maximize the power of business, improve the quality of life, advance the region’s economy and make its members successful. Affiliate organizations include the Lowcountry Manufacturers Council, ThinkTEC, the Education Foundation, Isle of Palms Business Council and Charleston Young Professionals.

Greater Summerville/Dorchester County Chamber of Commerce 402 N. Main St. Summerville, SC 29484 843-873-2931 www.gsdcchamber.org Works to protect and promote the quality of life in the community with specific emphasis on improving its economic vitality and providing a favorable business operating climate.

S.C. Chamber of Commerce 1201 Main St., Suite 1700 Columbia, SC 29201 803-799-4601 www.scchamber.net The premiere advocacy group in the state, serving as the unified voice of business and industry, promoting an economy of increased productivity and per capita income to achieve global competitiveness. Operating as a statewide, nonpartisan, nonprofit organization, the chamber represents businesses, industries, professions and associations of all sizes and types.

S.C. Small Business Chamber of Commerce 1717 Gervais St. Columbia, SC 29201 803-252-5733 www.scsbc.org An advocacy organization representing the general interests of small business in state and local government.

Business Assistance GOVERNMENT

76

Berkeley-Charleston-Dorchester Council of Governments 1362 McMillan Ave., Suite 100 Charleston, SC 29405 843-529-0400 www.bcdcog.com

One of South Carolina’s 10 regional planning councils; primary objectives are to assist local governments in developing local and regional plans, as well as providing local governments with planning and technical support to improve the quality of life in the tri-county region. Provides member governments with technical assistance in a variety of fields, including economic and community development, comprehensive planning, statistical information-gathering and analysis, and water resource management.

The Economic Development Department assists economic development via Economic Development Administration funds, community development block grants and its own revolving loan fund.

Better Business Bureau Serving Central South Carolina & Charleston Area 1515 Burnette Drive Columbia SC 29210 Mailing Address: P.O. Box 8326 Columbia, SC 29202 803-254-2525 www.columbia.bbb.org BBBs are nonprofit organizations financed almost exclusively by membership dues paid by businesses and professional firms in local communities. Primary role is to monitor business performance and provide consumers with information to avoid pitfalls in the marketplace. Champions the cause of consumers and holds businesses accountable to the highest standards of honesty in their advertising and sales.

Center for Business Research 2750 Speissegger Drive, Suite 100 North Charleston, SC 29405 Mailing Address: P.O. Box 975 Charleston, SC 29402-0975 843-577-2510 www.charlestonchamber.net/aboutus/ centerforbusinessresearch The Charleston Metro Chamber of Commerce division collects, interprets and distributes demographic, business and economic information on the Charleston region to help existing area firms, as well as those outside the region, make better business decisions regarding their investment in the area and its economy. Primary research includes surveys of visitors to the Charleston area and surveys of the local business community; secondary research involves gathering data from other agencies and interpreting and distributing it.

Center for Women 129 Cannon St. Charleston, SC 29403 843-763-7333 www.c4women.org Nonprofit organization dedicated to the personal and professional success of women in the Lowcountry through educational programs, counseling, support groups and referral information. The Entrepreneurial Woman Series offers seminars for women starting or running businesses and includes panel discussions, networking strategies, and resource and referral information.

76 2010 Market Facts | www.charlestonbusines s.com

Charleston Area Convention & Visitors Bureau 423 King St. Charleston, SC 29403 843-853-8000 800-868-8118 www.charlestoncvb.com Provides information for meeting and event professionals as well as visitors to the Charleston area.

Charleston Small Business Information Center 2750 Speissegger Drive, Suite 100 North Charleston, SC 29405 Mailing Address: P.O. Box 975 Charleston, SC 29402-0975 843-805-3092 www.smallbusinesscharleston.org A one-stop small-business center operated by the Small Business Administration in partnership with the Charleston Metro Chamber of Commerce; has resources for addressing a broad variety of business startup and development issues.

FastTracSC Mary Dickerson P.O. Box 975 Charleston, SC 29402 843-805-3089 www.fasttracsc.org Promotes entrepreneurship and small business in South Carolina through comprehensive entrepreneurship-educational programs that provide entrepreneurs with business insights, leadership skills and professional networking connections so they are prepared to create a new business or expand an existing enterprise.

Service Corps of Retired Executives Charleston 4500 Leeds Ave. North Charleston, SC 29405 843-727-4778 Dorchester 402 N. Main St. Summerville, SC 29483 843-873-2931 www.score285.org Charleston Coastal Chapter is a nonprofit association dedicated to helping entrepreneurs in the education, formation, growth and success of small businesses.

Funded by the Small Business Administration, Score provides pre-business workshops and training, as well as free individual counseling.

Small Business Development Center of South Carolina Charleston Area SBDC 5900 Core Drive, Suite 104 North Charleston, SC 29406 843-740-6160 http://scsbdc.moore.sc.edu A consortium of four universities with 15 offices located throughout the state. established under a cooperative agreement with the Small Business Administration. Aids small business startup ventures and assists in continued growth of small businesses, as well as those wishing to engage in government contracting. The program is supported with

federal, state and private funds.

S.C. Association of Counties 1919 Thurmond Mall Columbia, SC 29201 Mailing address: P.O. Box 8207 Columbia, SC 29202-8207 803-252-7255 www.sccounties.org Dedicated to statewide representation and improvement of county government in South Carolina. A nonpartisan, nonprofit organization with a full-time staff in Columbia, it represents county governments, not county employees.

S.C. Business One Stop 803-898-5690 www.scbos.com A collaboration of several state and federal agencies and private entities; allows for an electronic “one-stop shop” for S.C. businesses to register and obtain permits and licensing. It also will serve as a primary source or point of information and resources for entrepreneurs seeking guidance in opening a business in South Carolina.

S.C. Department of Commerce Resource Center Business Library and Information Center 1201 Main St., Suite 1600 Columbia, SC 29201-3200 Mailing address: P.O. Box 927 Columbia, SC 29202 803-737-0400 www.sccommerce.com Online library provides resource guides and information on capital investments, business and taxation, industry reports and industryspecific publications.

S.C. Department of Labor, Licensing and Regulation (Professional & Occupational License) Synergy Business Park Kingstree Building 110 Centerview Drive Columbia, SC 29210 Mailing Address: P.O. Box 11329 Columbia, SC 29211 803-896-4300 www.llr.state.sc.us Provides information and forms for obtaining state business licenses. In addition to the state license requirement, businesses should check with city, townships and county business license authorities.

S.C. Minority Business Enterprise Center 400 Percival Road Columbia, SC 29206 803-743-1154 www.scmbec.com Part of a national network established to increase the growth of new minorityowned business and to strengthen existing ones. Professional consultants offer initial counseling, government and private-sector contracting assistance, financial management and more complex issues, such as international trade franchising.

S.C. Business Initiative/Women’s Business Center P.O. Box 11751 Columbia, SC 29211 803-777-4432 www.scwbc.org Provides business and technical assistance to prospective and existing woman-owned businesses and offers free counseling and information about business resources to help with business startup, operations and business management. Part of the S.C. Manufacturing Extension Partnership and funded by a cooperative agreement from the Small Business Administration.

Tate Center for Entrepreneurship College of Charleston School of Business The Beatty Center 5 Liberty St. Charleston, SC 29424 843-953-5627 Mailing Address: 66 George St. Charleston, SC 29424 843-953-6596 www.sb.cofc.edu/centers/tate Focuses on educational programs that enhance the region’s entrepreneurial landscape. In collaboration with the S.C. Department of Commerce and the S.C. Economic Developers Association, the center conducts the S.C. Economic Developers School, a comprehensive training program for economic development professionals and elected officials. Among the programs hosted at the center are monthly meetings

by the Charleston Angel Partners, providing a forum for entrepreneurial companies to make presentations to investors.

U.S. Small Business Administration Strom Thurmond Federal Building 1835 Assembly St., Suite 1425 Columbia, SC 29201 803-765-5377 Charleston office 5900 Core Drive, Suite 403 North Charleston, SC 29406 843-225-0006 www.sba.gov/sc The S.C. District Office provides programs and services directly to the small business community and performs oversight responsibilities for all SBA-funded programs and resources within the state, including the Frank L. Roddey Small Business Development Center, the Service Corps of Retired Executives and the Charleston Business Information Center.

Miscellaneous Business Directory Business Trademarks & Patents U.S. Patent & Trademark Office Headquarters Madison Building 600 Dulany St. Alexandria, VA 22314 Customer Service: 571-272-1000 or 800786-9199 www.uspto.gov State Assistance: S.C. Secretary of State’s Office

1205 Pendleton St., Suite 525 Columbia, SC 29201 803-734-0629 www.scsos.com Copyrights U.S. Copyright Office 101 Independence Ave. SE Washington, DC 20559-6000 202-707-3000 www.copyright.gov Bar-coding & Universal Product Code (UPC) GS1 US 7887 Washington Village Drive, Suite 300 Dayton, OH 45459 937-435-3870 www.gs1us.org S.C. Association of CPAs 570 Chris Drive West Columbia, SC 29169 803-791-4181 www.scacpa.org S.C. Bar Association 950 Taylor St. Columbia, SC 29201 P.O. Box 608 Columbia, SC 29202 803-799-6653 www.scbar.org S.C. Commission on Women P.O. Box 12267 Columbia, SC 29211 803-734-9404

www.govoepp.state.sc.us/sccw S.C. Department of Insurance 1201 Main St., Suite 1000 Columbia, SC 29201 Mailing Address: P.O. Box 100105 Columbia, SC 29202 803-737-6160 www.doi.sc.gov S.C. Department of Health & Environmental Control 2600 Bull St. Columbia, SC 29201 803-898-3432 www.scdhec.net S.C. Broadcasters Association 1 Harbison Way, Suite 112 Columbia, SC 29212 803-732-1186 www.scba.net S.C. Press Association P.O. Box 11429 Columbia, SC 29211 803-750-9561 www.scpress.org S.C. Trucking Association 2425 Devine St. P.O. Box 50166 Columbia, SC 29250-0166 803-799-4306 www.sctrucking.org S.C. Materials Management Office

HOME • BUSINESS Locally Owned & Operated By John Rama & Alan Rama

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REAL ESTATE

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• Take Over Most Systems

BUSINESS RESOURCES

• Phone Line Back Up

GOVERNMENT

78

78 2010 Market Facts | www.charlestonbusines s.com

• 24 Hour Monitoring SINCE 1978

4455 TILE DRIVE, CHARLESTON LIC#BAC-5298, FAC-3306 www.sonitrolsc.com

BUSINESS RESOURCES

Charleston Regional Development Alliance 5300 International Blvd., Suite 103A North Charleston, SC 29418 843-767-9300 www.crda.org A full-service professional economic development organization representing Berkeley, Charleston and Dorchester counties, serving as a confidential resource to help streamline the site selection process, assisting companies such issues as buildings and sites, financing and work force training.

Organized as a public-private nonprofit corporation funded jointly by the three county governments and more than 100 area businesses.

Human Resources S.C. Society for Human Resource Management – Charleston Chapter 530 W. Butternut Road Summerville, SC 29483 843-819-5129 http://sc.shrm.org

IMPORT/EXPORT & DISTRIBUTION

S.C. Association of Community Development Corporations 658 Rutledge Ave., Second Floor Charleston, SC 29403 843-579-9855 www.communitydevelopmentsc.org A statewide trade association of nonprofit, community-based development corporations within the state’s economically distressed

S.C. Jobs – Economic Development Authority 1201 Main St., Suite 1600 Columbia, SC 29201 803-737-0268 www.scjeda.net Develops the business and economic welfare of South Carolina through loans, investments and the financial promotion of the export of goods and services produced within the state. Offers several loan programs designed to provide an alternative funding source to facilitate economic development, fill financing gaps in the manufacturing, industrial and service industries, and promote the export of goods and services produced within South Carolina.

S.C. Rural Development Council P.O. Box 23205 Columbia, SC 29224-2305 803-699-3188 www.scrdc.org State councils serve as forums for identifying issues affecting effective collaboration in rural development efforts among federal departments and agencies. The council works to develop strategies for applying available federal, state and private-sector resources to achieve long-term rural economic development.

EDUCATION

The Palmetto Institute 1411 Gervais St., Suite 450 Columbia, SC 29201 Mailing Address: P.O. Box 11553 Columbia, SC 29211 803-806-8106 www.palmettoinstitute.org An independent, nonprofit, nonpartisan research and educational organization that addresses state and regional public policy issues, conducts research on topics that will affect future development and promote

S.C. Economic Developers Association P.O. Box 1763 Columbia, SC 29202 803-929-0305 www.sceda.org A statewide association of more than 700 member organizations whose primary objective is to increase the effectiveness of those involved in economic development in South Carolina.

EMPLOYMENT & ECONOMIC DEVELOPMENT

SC Launch Columbia Office 1000 Catawba St. Columbia, SC 29201 Charleston office 645 Meeting St. Charleston, SC 29403 Mailing address: P.O. Box 11637 Columbia, SC 29211 www.sclaunch.org A collaboration among SCRA and South Carolina’s university research foundations: Clemson University, the University of South Carolina and the Medical University of South Carolina. It facilitates applied research, product development and commercialization programs and works to strengthen South Carolina’s knowledge economy by creating high-wage jobs. Provides entrepreneurs with key tools for success to help build technology startups, jobs and equity in the future for South Carolina.

SCRA 5300 International Blvd.

North Charleston, SC 29418 843-760-3200 Corporate office 1000 Catawba St. Columbia, SC 29201 803-799-4070 www.scra.org Dedicated to stimulating economic growth through science and technology, as well as provide leadership to create innovative solutions through advanced technology that enhances customers’ performance.

DEMOGRAPHICS

Economic Development

communities. The association’s primary focus is to build the capacity of local community development corporations through grassroots leadership development, access to capital, advocacy and technical assistance.

It currently recognizes more than 40 new and emerging organizations in urban and rural communities throughout the state as community development corporations.

FINANCIAL SERVICES

positive economic change within South Carolina, and disseminates research findings and conclusions both to scholarly and lay audiences.

REAL ESTATE

1201 Main St., Suite 600 Columbia, SC 29201 803-737-0600 www.mmo.sc.gov

HOSPITALITY & TOURISM MEDICAL & HEALTH CARE

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BUSINESS RESOURCES

t h e r e ’ s

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843 554-4933 www.spherion.com ©2002 Spherion Pacific Enterprises LLC All Rights Reserved. Spherion and the Spherion logo are registered service marks of Spherion Pacific Enterprises LLC.

Insuring South Carolina Smiles 200 Center Point Circle, Suite 150 | Columbia, SC 29210 803.731.2495 or 800.529.3268 | www.deltadentalsc.com www.charlestonbusiness.com | 2010 Market Facts

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GOVERNMENT

When it comes to dental benefits, nobody protects you like

79

IMPORT/EXPORT & DISTRIBUTION

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BUSINESS RESOURCES The Tri-County HR Management Association promotes the educational and professional development resources and services of the society; adopts programs to promote the progress, visibility and welfare of the group and its members in the human resources profession, including leadership training and succession planning; and provides programs and services to chapter members.

S.C. Department of Employment and Workforce 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-3053 www.dew.sc.gov Maintains a statewide network of employment service offices, which offer testing, counseling and job referrals and assist employers in filling jobs quickly with qualified personnel.

Also administers unemployment benefits. All employment services are free to the public.

The Labor Market Information department provides a database on industries, employers, population, income, occupations and other information.

S.C. Occupational Information System 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 800-264-9038 www.scois.net A collaboration among 11 state agencies to coordinate the state’s computer-based career information delivery system. It provides essential data on careers, salaries,

scholarships, education and job opportunities, such as military, apprenticeships and postsecondary, trade and vocational programs.

S.C. Workers’ Compensation Commission 1333 Main St., Suite 500 P.O. Box 1715 Columbia, SC 29202-1715 803-737-5700 www.wcc.state.sc.us The mission of this agency is to provide an equitable and timely system of benefits to injured workers and employers in the most responsive, accurate and reliable manner possible.

Technology Charleston Digital Corridor 475-A East Bay St. Charleston, SC 29403 843-724-3773 www.charlestondigitalcorridor.com A creative effort by the city of Charleston to attract, nurture and grow knowledgebased enterprises. In partnership with regional economic development agencies, communication infrastructure providers and the private sector, the corridor’s commitment is to facilitate an environment where technology companies thrive.

ThinkTEC 2750 Speissegger Drive North Charleston, SC 29445 Mailing Address: P.O. Box 975 Charleston, SC 29402-0975

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BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

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GOVERNMENT

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80 2010 Market Facts | www.charlestonbusines s.com

843-577-2510 www.thinktec.org An initiative of the Charleston Metro Chamber of Commerce that aims at advancing a knowledge-based innovation economy. The organization focuses on providing resources, public/private partnerships, capital investment facilitation and global contacts to new and existing knowledge-based firms.

S.C. Technology Alliance 1201 Main St., Suite 2010 Columbia, SC 29201 803-748-1323 www.sctech.org Established to help prepare a technologycapable work force, create a business environment friendly to technology-intensive companies, invest to expand the base of rapidly growing companies and startup businesses, and invest in world-class university research programs that are directly linked to S.C. industry.

S.C. Department of Revenue QuickReference Telephone Contacts (Area code is 803 unless otherwise noted) General Information: 898-5000 Hearing Impaired: 711 Business Tax Guide: 898-5000 Order Tax Forms: 800-768-3676 Income Tax Refund: 898-5300 Taxpayer Rights Advocate: 898-5444 Accommodations Tax: 896-1420 Corporate Tax: 896-1730 Individual Income Tax: 898-5709 Tobacco Taxes: 896-1970 Property Tax: 898-5222 Sales/Use Tax: 896-1420 Withholding Tax: 896-1450

Financial Assistance BCI Lending Services/Business Carolina Inc. 1523 Huger St. Columbia, SC 29201-2223 803-461-3801 www.bcilending.com A not-for-profit economic developer that promotes economic growth in South Carolina, North Carolina, and Georgia by providing loans to small businesses.

Business Development Corp. of S.C. P.O. Box 21823 Columbia, SC 29221 803-798-4064 www.businessdevelopment.org A non-bank commercial lending company established in 1958 by the state Legislature to promote business and industry within the state. It specializes in the SBA 7(a) loan guaranty program. Certified Development Corp. of S.C., a sister corporation, has participated in providing financial assistance to businesses since 1994. Certified Development specializes in SBA 504 debenture financing, limited to the state of South Carolina.

Charleston Angel Partners LLC Meeting location: 5 Liberty St. Charleston, SC 29424 843-881-5623 www.charlestonangelpartners.com A member-driven organization composed of a group of Charleston-area business professionals who work to help support highgrowth economic development in the region and screen and evaluate qualified startups looking for seed capital. Membership is open to men and women who are qualified individual investors and who work collectively to gain the benefits of a group experience but act individually in every investment decision.

Charleston Local Development Corp.

75 Calhoun St., Third Floor Charleston, SC 29401 843-724-3796 www.charlestonldc.com Provides technical assistance (counseling) and administers loan programs for individuals who locate their businesses in the city of Charleston. It can also provide business owners with access to tax incentives and credits available through the city’s Renewal Community designation.

Mortgage Bankers Association of the Carolinas Inc. P.O. Box 2588 Mount Pleasant, SC 29465 843-303-5705 www.mbac.org Represents companies that participate in the mortgage lending industry within North and South Carolina. Members include residential and commercial mortgage bankers, mortgage brokers, wholesale lenders, savings and loan associations, commercial banks, credit unions, government agencies, nonprofit organizations and companies that provide affiliated services to mortgage bankers.

Members receive legislative representation, education and training, networking, information resources and other benefits.

Consumers can learn about the process of obtaining a mortgage loan, receive answers to mortgage-related questions, verify whether a lender is a member or receive assistance in resolving disputes with lenders and affiliates.

S.C. Investor Network C/O Clemson Renaissance Center 123 Main St. Greenville, SC 29601 864-370-1015 www.scinvestor.org Members are experienced venture capital and private equity investors, angel investors, business lawyers, accountants, investment bankers and business brokers, other business advisers and service providers who share the common goal of facilitating the creation and growth of high-impact companies in South Carolina.

Government

Legislative Representatives...84

avigating the red tape of government can be tricky for even the most savvy business owners and startup entrepreneurs. This section of Market Facts offers names, addresses and telephone numbers of state and local government offices, as well as legislators who represent the Charleston region.

U.S. House of Representatives .......................... 84

U.S. Senate ................................. 84

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MEDICAL & HEALTH CARE

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EMPLOYMENT & ECONOMIC DEVELOPMENT

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GOVERNMENT

State Senate ............................... 84 State House of Representatives .......................... 84 Constitutional Offices ............86 County Administration ................. 86 County Economic Directors ......... 86

This section is sponsored by:

County Auditors .......................... 86

BUSINESS RESOURCES

County Treasurers ....................... 87

GOVERNMENT

82

82 2010 Market Facts | www.charlestonbusines s.com

Tri-county Municipalities ............. 87

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BUSINESS RESOURCES

MEDICAL & HEALTH CARE

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GOVERNMENT

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LEGISLATIVE REPRESENTATIVES 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 Jim DeMint (R) 340 Russell Senate Office Building Washington, DC 20510 202-224-6121 www.demint.senate.gov Local office: 112 Custom House 200 East Bay St. Charleston, SC 29401 843-727-4525

U.S. House of Representatives Henry E. Brown Jr. (R) 1st District – Horry, Berkeley, Charleston, Dorchester and Georgetown counties 103 Cannon House Office Building Washington, DC 20515 202-225-3176 www.brown.house.gov Local office: 5900 Core Ave., Suite 401 North Charleston, SC 29406 843-747-4175 James E. “Jim” Clyburn (D) House Majority Whip 6th District – Portions or all of 15 regional counties 2135 Rayburn House Office Building Washington, DC 20515 202-225-3315 www.house.gov/clyburn Local office: 1362 McMillan Ave., Suite 100 North Charleston, SC 29405 843-529-2708

State Senate Paul G. Campbell Jr. (R) District No. 44 – Berkeley County 604 Gressette Building Columbia, SC 29201 803-212-6016 PaulCampbell@scsenate.org George E. “Chip” Campsen III (R) District No. 43 – Berkeley and Charleston counties 604 Gressette Building Columbia, SC 29201 803-212-6016 Campsen@scsenate.org

Ray Cleary (R) District No. 34 – Charleston, Georgetown and Horry counties 501 Gressette Building Columbia, SC 29201 803-212-6100 ClearyR@scsenate.org Robert Ford (D) District No. 42 – Charleston County 506 Gressette Building Columbia, SC 29201 803-212-6124 RIF@scsenate.org Lawrence K. “Larry” Grooms (R) District No. 37 – Berkeley, Charleston, Colleton and Dorchester counties 203 Gressette Building Columbia, SC 29201 803-212-6400 STR@scsenate.org John W. Matthews Jr. (D) District No. 39 – Bamberg, Colleton, Dorchester, Hampton and Orangeburg counties 613 Gressette Building Columbia, SC 29201 803-212-6056 JWM@scsenate.org Glenn F. McConnell (R) President Pro Tempore District No. 41 – Charleston County 101 Gressette Building Columbia, SC 29201 803-212-6610 SJU@scsenate.org Clementa C. Pinckney (D) District No. 45 – Beaufort, Charleston, Colleton, Hampton and Jasper counties 512 Gressette Building Columbia, SC 29201 803-212-6148 CCP@scsenate.org Michael T. Rose (R) District No. 38 – Charleston and Dorchester counties 613 Gressette Building Columbia, SC 29201 803-212-6056 MikeRose@scsenate.org

State House of Representatives Robert L. Brown (D) District No. 116 – Charleston and Colleton counties 330D Blatt Building Columbia, SC 29201 803-734-3170 RLB@schouse.org

84 2010 Market Facts | www.charlestonbusines s.com

Joseph Sofronio Daning (R) District No. 92 – Berkeley County 310A Blatt Building Columbia, SC 29201 803-734-2951 JoeDaning@schouse.org

C. David Umphlett Jr. (R) District No. 100 – Berkeley County 310D Blatt Building Columbia, SC 29201 803-734-2946 UmphlettD@schouse.org

Robert W. “Bobby” Harrell Jr. (R) Speaker of the House District No. 114 – Charleston and Dorchester counties 506 Blatt Building Columbia, SC 29201 803-734-3125 HSP@schouse.org

J. Seth Whipper (D) District No. 113 – Charleston County 328C Blatt Building Columbia, SC 29201 803-734-3191 JSW@schouse.org

Joseph H. Jefferson Jr. (D) District No. 102 – Berkeley County 304D Blatt Building 803-734-2936 JeffersonJ@schouse.org Patsy G. Knight (D) District No. 97 – Dorchester County 306B Blatt Building Columbia, SC 29201 803-734-2960 KnightP@schouse.org Harry B. “Chip” Limehouse III (R) District No. 110 – Berkeley and Charleston counties 326C Blatt Building Columbia, SC 29201 803-734-2977 HBL@schouse.org David J. Mack III (D) District No. 109 – Charleston County 328D Blatt Building Columbia, SC 29201 803-734-3192 DJM@schouse.org James H. “Jim” Merrill (R) District No. 99 – Berkeley and Charleston counties 308D Blatt Building Columbia, SC 29201 803-734-3972 JM1@schouse.org Vida O. Miller (D) District No. 108 – Charleston and Georgetown counties 335D Blatt Building Columbia, SC 29201 803-734-2957 VOM@schouse.org Leonidas E. “Leon” Stavrinakis (D) District No. 119 – Charleston County 420D Blatt Building Columbia, SC 29201 803-734-3039 StavL@schouse.org

Annette D. Young (R) District No. 98 – Charleston and Dorchester counties 308C Blatt Building Columbia, SC 29201 803-734-2953 ADY@schouse.org Jenny Anderson Horne (R) District No. 94 – Charleston and Dorchester counties 308A Blatt Building Columbia, SC 29201 803-212-6871 JennyHorne@schouse.org Timothy E. “Tim” Scott (R) District No. 117 – Berkeley and Charleston counties 434A Blatt Building Columbia, SC 29201 803-212-6879 TimScott@schouse.org Anne P. Hutto (D) District No. 115 – Charleston County 420A Blatt Building Columbia, SC 29201 803-212-6872 AnnePHutto@schouse.org F. Michael “Mike” Sottile (R) District No. 112 – Charleston County 306D Blatt Building Columbia, SC 29201 803-212-6880 MikeSottile@schouse.org Wendell G. Gilliard (D) District No. 111 – Charleston County 328A Blatt Building Columbia, SC 29201 803-212-6793 WendellGilliard@schouse.org

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BUSINESS RESOURCES

MEDICAL & HEALTH CARE

HOSPITALITY & TOURISM

IMPORT/EXPORT & DISTRIBUTION

EDUCATION

EMPLOYMENT & ECONOMIC DEVELOPMENT

DEMOGRAPHICS

FINANCIAL SERVICES

REAL ESTATE

GOVERNMENT

GOVERNMENT

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CONSTITUTIONAL OFFICES Office of the Adjutant General Maj. Gen. Stanhope S. Spears, adjutant general 1 National Guard Road Columbia, SC 29201-4766 803-806-4217 Stanhope.spears@sc.ngb.army.mil www.scguard.com

Office of the Lieutenant Governor Andre Bauer, lieutenant governor State House, First Floor P.O. Box 142 Columbia, SC 29202 803-734-2080 ltgov@scsenate.gov www.ltgov.sc.gov

S.C. Department of Agriculture Hugh E. Weathers, commissioner 1200 Senate St. P.O. Box 11280 Columbia, SC 29211 803-734-2190 hweathe@scda.sc.gov www.scda.state.sc.us

Secretary of State’s Office Mark Hammond, secretary of state Edgar Brown Building 1205 Pendleton St., Suite 525 Columbia, SC 29211 803-734-2170 rdaggerhart@sos.sc.gov www.scsos.com

Attorney General’s Office Henry D. McMaster, attorney general Rembert Dennis Building 1000 Assembly St., Room 519 Columbia, SC 29201 803-734-3970 info@scattorneygeneral.com www.scattorneygeneral.org

State Treasurer’s Office Converse A. Chellis III, state treasurer Wade Hampton Office Building 1200 Senate St. Columbia, SC 29211 803-734-2016 treasurer@sto.state.sc.us www.treasurer.sc.gov

S.C. Department of Commerce Joe E. Taylor, secretary 1201 Main St., Suite 1600 Columbia, SC 29201-3200 803-737-0400 info@ed.sc.gov www.sccommerce.com

State Superintendent of Education Jim Rex, superintendent Rutledge Building 1429 Senate St., Suite 1006 Columbia, SC 29201 803-734-8492 info@ed.sc.gov www.ed.sc.gov/agency/superintendent

Commerce Department Small Business Services Chuck Bundy, manager 1201 Main St., Suite 1600 Columbia, SC 29201 803-737-0440 cbundy@sccommerce.com www.sccommerce.com S.C. Comptroller General Richard Eckstrom, comptroller general 305 Wade Hampton Office Building 1200 Senate St. Columbia, SC 29201 803-734-2121 cgoffice@cg.state.sc.us www.cg.state.sc.us S.C. Department of Employment and Workforce John L. Finan, executive director 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 www.sces.org Office of the Governor Marshall “Mark” Clement Sanford, governor P.O. Box 12267 Columbia, SC 29211 803-734-2100 mark@gov.sc.gov www.scgovernor.com

County Administration Charleston County Administrator Allen O’Neal Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Charleston, SC 29405 843-958-4000 www.charlestoncounty.org Charleston County Council Joe McKeown (District 1) 843-343-4991 jmckeown@charlestoncounty.org Dickie Schweers (District 2) 843-513-9229 dickieschweers@tds.net J. Elliott Summey (District 3) 843-200-4244 esummey@charlestoncounty.org

Colleen T. Condon (District 7) 843-225-7288 colleen@colleencondon.com

Larry Hargett (District 4) 843-514-7135 lhargett@dorchestercounty.net

Curtis Inabinett (District 8) 843-889-3949 curtisinabinettsr@webtv.net

Richard Rosebrock (District 5) 843-871-9877 rrosebrock@dorchestercounty.net

Paul Thurmond, vice chairman (District 9) 843-937-8000 pthurmond@tktlawfirm.com

William R. “Bill” Hearn, Jr. (District 6) 843-851-8383 bill.wrhearn@gmail.com

Berkeley County Government Phone: 843-719-4234 (Moncks Corner) 843-723-3800 (Charleston) 843-567-3136 (St. Stephen)

Jamie Feltner, chairman (District 7) 843-832-0196 jfeltner@dorchestercounty.net

Berkeley County Council Daniel W. “Dan” Davis, chairman and county supervisor 1003 U.S. Highway 52 Moncks Corner, SC 29461 Ext. 4094 www.berkeleycountysc.gov

Berkeley County Economic Development Gene Butler 1003 U.S. Highway 52 P.O. Box 6122 Moncks Corner, SC 29461 843-719-4096 www.co.berkeley.sc.us gbutler@co.berkeley.sc.us

Phillip Farley (District 1) 843-747-2486 Timothy J. Callanan (District 2) 843-628-6363 Robert O. Call, Jr., (District 3) 843-764-1976 Cathy S. Davis (District 4) 843-875-9541 Dennis Fish (District 5) 843-871-9028 Jack H. Schurlknight (District 6) 843-761-4303 Caldwell Pinckney Jr. (District 7) 843-753-7377 Steve C. Davis (District 8) 843-761-7727 Dorchester County Administrator Jason L. Ward, administrator 201 Johnston St. Kenneth F. Waggoner Building St. George, SC 29477 843-832-0100 www.dorchestercounty.net

Henry Darby (District 4) 843-297-9014 henrydarby@msn.com

Dorchester County Council Willie R. Davis (District 1) 843-832-2739 wdavis@dorchestercounty.net

Teddie E. Pryor Sr., chairman (District 5) 843-744-5308 tpryor@charlestoncounty.org

Christopher J. Murphy (District 2) 843-832-1120 cmurphy@dorchestercounty.net

A. Victor “Vic” Rawl (District 6) 843-766-7334 vrawl@charlestoncounty.org

Kenneth Waggoner (District 3) 843-200-6934 kwaggoner@dorchestercounty.net

86 2010 Market Facts | www.charlestonbusines s.com

County Economic Directors

Charleston County Economic Development J. Steven Dykes, director Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Charleston, SC 29405 843-958-4506 sdykes@charlestoncounty.org www.charlestoncounty.org Dorchester County Economic Development Jon Baggett P.O. Box 340 402 N. Main St. Summerville, SC 29484 843-875-9109 jon@DorchesterForBusiness.com www.dorchestercountysc.net

County Auditors Berkeley County Janet Brown Jurosko P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461-6120 843-719-4309 jjurosko@co.berkeley.sc.us Charleston County Peggy Moseley P.O. Box 614 101 Meeting St. Charleston, SC 29402 843-958-4200 pmoseley@charlestoncounty.org Dorchester County Brenda Nix Main Office: 201 Johnston St. St. George, SC 29477 843-563-0118

GOVERNMENT

County Treasurers

Dorchester County Main Office: Mary L. Pearson 201 Johnston St. St. George, SC 29477 843-563-0165

Tri-county Municipalities

Charleston Population: 96,650 Mayor: Joseph P. Riley Jr.

James Island Population: 19,657 Mayor: Bill Woolsey takes office Sept. 1, 2010 1238 Camp Road P.O. Box 12240 James Island, SC 29412 843-762-7744 www.townofjamesislandsc.org

North Charleston Population: 79,641 Mayor: R. Keith Summey 2500 City Hall Lane P.O. Box 190016 North Charleston, SC 29406 843-740-2501 www.northcharleston.org Building Inspection & Permits: 843-740-2530 Economic Development: 843-740-2530

Seabrook Island Population: 1,250 Mayor: William F. Holtz 1307 Jenkins Lagoon Drive Seabrook Island, SC 29455 843-768-7264 www.townofseabrookisland.org Sullivan’s Island Population: 1,911 Mayor: Carl J. Smith 1610 Middle St. P.O. Box 427 Sullivan’s Island, SC 29482 843-883-3889 www.sullivansisland-sc.com Summerville Population: 27,752 Mayor: Berlin G. Myers 104 Civic Center 200 S. Main St. Summerville, SC 29483 843-871-6000 www.summerville.sc.us

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GOVERNMENT

Bonneau Population: 354 Mayor: Rembert E. Wrenn 420 Municipal Lane P.O. Box 70 Bonneau, SC 29431 843-852-3385

Isle of Palms Population: 4,583 Mayor: Dick Cronin 8 Marsh Point Lane Isle of Palms, SC 29451 843-886-9361 www.isle-of-palms.sc.us Building Permits & Business Licenses: 843-886-9912

St. Stephen Population: 1,776 Mayor: Robert B. Hoffman 124 Hood St. St. Stephen, SC 29479 843-567-3597

BUSINESS RESOURCES

Awendaw Population: 1,195 Mayor: William H. Alston 6971 Doar Road Awendaw, SC 29429 843-928-3100 www.awendawsc.org

Mount Pleasant Population: 59,140 Mayor: Billy Swails 100 Ann Edwards lane P.O. Box 745 Mount Pleasant, SC 29464 843-884-8517 www.townofmountpleasant.com Building Inspection & Zoning: 843-884-1229 Business Licenses: 843-849-2786 Economic Development: 843-856-2504

St. George Population: 2,092 Mayor: Anne Johnston 305 Ridge St. P.O. Box 904 St. George, SC 29477 843-563-3032

MEDICAL & HEALTH CARE

Population data based on 2010 estimates

Hollywood Population: 3,946 Mayor: Jacquelyn S. Heyward 6316 S.C. Highway 162 P.O. Box 519 Hollywood, SC 29449 843-889-3222

Moncks Corner Population: 5,952 Mayor: William W. Peagler III 118 Carolina Ave. P.O. Box 700 Moncks Corner, SC 29461 843-719-7900 www.townofmonckscorner.sc.gov

Rockville Population: 137 Mayor: Mary Ann Cates 2484 Sea Island Yacht Club Road Wadmalaw Island, SC 29487 843-559-7072 www.townofrockville.com

HOSPITALITY & TOURISM

Summerville Branch: 500 N. Main St. Summerville, SC 29483 843-832-0165 mpearson@dorchestercounty.net

Harleyville Population: 685 Mayor: Charles Ackerman 119 S. Railroad Ave. Harleyville, SC 29448 843-462-7676

Meggett Population: 1,230 Mayor: Grange S. Coffin Jr. 4776 S.C. Highway 165 Meggett, SC 29449 843-889-3622 www.meggettsc.com

Ridgeville Population: 1,717 Mayor: James Williams P.O. Box 238 Ridgeville, SC 29472 843-871-7960

IMPORT/EXPORT & DISTRIBUTION

St. Paul’s Service Center: 5962 S.C. Highway 165, Suite 300 Ravenel, SC 29470 843-889-8351

Hanahan Population: 12,937 Mayor: Minnie N. Blackwell 1255 Yeamans Hall Road Hanahan, SC 29406 843-554-4221 www.cityofhanahan.com

McClellanville Population: 495 Mayor: Rutledge B. Leland III 21 Morrison Ave. McClellanville, SC 29458 843-887-3713 www.townofmcclellanville-sc.net

Reevesville Population: 207 Mayor: Paul Wimberly P.O. Box 126 Reevesville, SC 29471 843-563-2058

EDUCATION

North Charleston Service Center: Lonnie Hamilton III Public Services Building 4045 Bridge View Drive, Suite B101 Charleston, SC 29405

Goose Creek Population: 29,208 Mayor: Michael J. Heitzler 519 N. Goose Creek Blvd.

P.O. Drawer 1768 Goose Creek, SC 29445 843-797-6220 www.cityofgoosecreek.com Planning Department: 843-797-6220, ext. 118

Lincolnville Population: 904 Mayor: Tyrone E. Aiken P.O. Box 536 Lincolnville, SC 29485 843-873-3261 www.lincolnvillesc.com

Ravenel Population: 2,214 Mayor: Opal N. Baldwin 5962 S.C. Highway 165, Suite 100 Ravenel, SC 29470 843-889-8732

EMPLOYMENT & ECONOMIC DEVELOPMENT

East Cooper Service Center: 1189 Iron Bridge Road Mount Pleasant, SC 29464 843-856-1200

Kiawah Island Population: 1,163 Mayor: William G. Wert 21 Beachwalker Drive Kiawah Island, SC 29455 843-768-9166 www.kiawahisland.org

Zoning: 843-740-2578

DEMOGRAPHICS

Charleston County Andrew C. Smith Main Office: O.T. Wallace County Office Building 101 Meeting St. Suite 240 Charleston, SC 29402 843-958-4360

Folly Beach Population: 2,116 Mayor: Tim Goodwin 21 Center St. P.O. Box 48 Folly Beach, SC 29439 www.cityoffollybeach.com Toni W. Connor, administrator: 843-708-9474 Building Official/Zoning Administrator: 843-588-2447

Jamestown Population: 97 Mayor: Roy P. Pipkin 7604 S.C. Highway 41 P.O. Box 145 Jamestown, SC 29453 843-257-2233 www.bcdcog.com/pdf/Regional_Directory/ jamestown.pdf

FINANCIAL SERVICES

Berkeley County Carolyn Umphlett P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4040

Lonnie Hamilton III Public Services Building 4045 Bridge View Drive North Charleston, SC 29405 843-577-6970 www.charlestoncity.info Building Permits: 843-202-6940 Building Licenses: 843-202-6080 Construction Permits: 843-724-7431 Economic Development: 843-958-4506 Zoning: 843-724-3765

REAL ESTATE

Summerville Office: 500 N. Main St. Summerville, SC 29483 843-832-0169 auditoradmin@dorchestercounty.net

87

REAL ESTATE FINANCIAL SERVICES DEMOGRAPHICS EMPLOYMENT & ECONOMIC DEVELOPMENT

EDUCATION IMPORT/EXPORT & DISTRIBUTION HOSPITALITY & TOURISM MEDICAL & HEALTH CARE BUSINESS RESOURCES GOVERNMENT

88

INDEX OF

ADVERTISERS Anchor Commercial Real Estate .................................................................7

Heritage Trust Federal Credit Union ..........................................................23

Atlantic Bank & Trust (AB&T) ....................................................................27

Holiday Inn Charleston Airport & Convention Center .................................65

Atlantic International/Coldwell ..................................................................13

Home Telephone Company.......................................................................78

Barkley Company, The .............................................................................10

Hood Construction ...................................................................................16

BlueCross BlueShield of SC........................................ Inside Front Cover, 77

KNOLOGY Seriously Advanced Business Communications ........................75

Buist Moore Smythe McGee .....................................................................18

Marshall Walker Group .............................................................................29

Caldwell Commercial LLC ........................................................................12

Medical Careers Institute at ECPI College of Technology ...........................72

Carolina Commercial LLC.........................................................................16

Moore School of Business, USC ...............................................................48

CB Richard Ellis Carmody LLC ....................................................................9

MUSC ......................................................................................................67

CCIM .......................................................................................................15

NAI Avant .................................................................................................20

CF Evans & Company Construction ..........................................................10

Palmetto Primary Care Physicians ............................................................69

Charleston County Park and Recreation Commission................................59

Pinckney-Carter .......................................................................................80

Charleston Marriott Hotel .........................................................................61

Pratt Industries ........................................................................................53

Charleston Metro Chamber of Commerce.................................................81

Prime Lending .........................................................................................26

City of North Charleston ...........................................................................40

Quality Touch Janitorial Service .........................................................19, 39

Coastal Community Foundation ................................................................41

Reads Moving Systems ............................................................................20

College of Charleston .........................................................................35, 51

Real Estate Information Service Inc. .........................................................19

Commercial Acquisition Service ...............................................................13

SAIC ........................................................................................................85

Coppedge & Tison Commercial ................................................................14

SC Federal Credit Union ...........................................................................25

Cornerstone Company of Charleston ........................................................14

SCRA .......................................................................................................37

Courtyard by Marriott Charleston Riverview ............................................63

Self Regional Healthcare ..........................................................................71

Courtyard by Marriott Mount Pleasant ......................................................63

SIOR ........................................................................................................21

Cru Catering ............................................................................................62

Sonitrol Security Systems of Charleston ...................................................78

Cummings & McCrady Inc. ......................................................................17

Spherion ..................................................................................................79

Daniel Ravenel Sotheby’s International.......................................................5

Spirit Telecom .................................................................. Inside Back Cover

Delta Dental .............................................................................................79

The Citadel Graduate College ...................................................................45

Durlach Associates ..................................................................................18

Thompson Turner Construction ................................................................11

ECPI College of Technology ......................................................................49

Town of Mount Pleasant...........................................................................83

Frampton & Associates Inc. .....................................................................39

Trident Construction ...................................................................................8

Francis Marion Hotel ................................................................................62

Trident Technical College’s Division of

Harbor Contracting...................................................................................17

Continuing Education and Economic Development ................Back Cover, 47

HDR Inc. of the Carolinas .........................................................................55

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