2011 Market Facts - Charleston

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A recycling partner you can count on

Sonoco Recycling offers customized recycling solutions designed to achieve clients’ sustainability goals through landfill diversion, hauling and landfill fee reduction, revenue stream enhancement and a reduced environmental footprint. Since 1972, Sonoco Recycling has played a significant role in Charleston area recycling efforts. Today, we serve over 150 local businesses, recovering approximately 36,000 tons of material each year in Charleston County alone; saving nearly 150,000 cubic yards of landfill space and more than $2 million in landfill fees for our customers.

2025 Tellico Rd Charleston, SC 29405 843-577-6840 877-9SONOCO www.sonocorecycling.com recyclinginfo@sonoco.com

Field Supply Manager: Tim Hoover tim.hoover@sonoco.com 843-861-9454

People First, Properties Second

Brokerage • Management • Development •

843.747.1200 • www.AnchorCommercial.net

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Vice President of Sales - Steve Fields sfields@scbiznews.com • 849.3110

MarketFACts

vdeadmon@scbiznews.com • 864.235.5677

Dear Reader,

Managing Editor - Andy Owens

Senior Copy Editor - Beverly Morgan bmorgan@scbiznews.com • 849.3115 Special Projects Editor - Allison Cooke Oliverius aoliverius@scbiznews.com • 849.3149 Staff Writer – Matt Tomsic mtomsic@scbiznews.com • 849.3144

lburden@scbiznews.com • 849.3123 Research Specialist - Clayton Wynne cwynne@scbiznews.com • 849.3114 Creative Director - Ryan Wilcox production1@scbiznews.com • 849.3117

Grady Johnson

production2@scbiznews.com • 849.3118 Senior Account Executive - Sue Gordon sgordon@scbiznews.com • 849.3111

Dave Shepp dshepp@scbiznews.com • 849.3109 Bennett Parks bparks@scbiznews.com • 849.3126

Robert Reilly rreilly@scbiznews.com • 849.3107

Circulation and Events Circulation and Event Manager - Kathy Allen

Circulation, Event and Business Coordinator Kim McManus kmcmanus@scbiznews.com • 849.3116

Medical & Health Care

kallen@scbiznews.com • 849.3113

Hospitality & Tourism

Brent Rupp brupp@scbiznews.com • 849.3105

Import/export & distribution

Account Executives

Education

Senior Graphic Designer - Jane Mattingly

Employment & Economic development

Staff Photographer - Leslie Burden

Demographics

Welcome to our eighth edition of Market Facts. I keep hearing economists saying the recession is over. It might be over in strictly academic terms, but all of us working down in the trenches can tell we have a long way to go before it’s really over. A major advantage the Business Journal has as the local source for business news is that we are a small business ourselves. Indeed, the struggles we have within our company tend to mirror the struggles of the business community we serve, giving us insight into the topics we should cover. So here we are, still slugging our way through the recession with the grit and determination of our committed staff. And like a prizefighter, we’re beat-up and tired, but nobody’s thinking about throwing in the towel. On one hand, we’re watching the revenue indicators like a hawk; on the other, we’re making sure our managers have growth plans and the talent pipeline intact so that when we see some sustained revenue growth, we can react quickly to seize new opportunities and also provide some relief for our people in the form of more help.

During this transitional period, access to data is even more crucial for decisionmakers. 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. 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 CEO and we needed, we had an epiphany: “Gee, somebody ought to publish this stuff!”

Group Publisher As the publication has grown, it has taken its place as the companion 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 with 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 creative director, Ryan Wilcox, is a master at presenting complex information in a way that is pleasing to the eye and easily understandable. If you are like me, you can quickly go cross-eyed reading data tables. So 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 continues to use subject tabs similar to those he designed for the Book of Lists on the outside margins of each page.

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 Real Estate Services, Trident Technical College’s Division of Continuing Education and Economic Development, Sonoco Recycling Inc. and all of our section sponsors and advertisers for enabling us to provide this valuable resource for the region’s business decision-makers.

aowens@scbiznews.com • 849.3141

Financial Services

Accounting Department - Vickie Deadmon

2011

gjohnson@scbiznews.com • 849.3103

Real Estate

President and Group Publisher - Grady Johnson

SC Business Publications LLC

THE ALLIANCE South Carolina’s Media Engine for Economic Growth

O F

A R E A

B U S I N E S S

P U B L I C A T I O N S

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

Business Resources

A portfolio company of Virginia Capital Partners LLC Frederick L. Russell Jr., Chairman

founded in 1990 as a department of the Charleston Metro Chamber The entire contents of this newspaper are copyright by SC Business Publications 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 | 2011 Market Facts

1

Government

of Commerce, compiles, analyzes and distributes economic and

1

Real Estate Financial Services

ABOUTour SPONSORs

Our Section SPONSORS Real Estate

Financial Services

T

rident Technical College’s Division of Continuing Education and Economic Development promotes economic development through a variety of training opportunities, including licensure and certification, career renewal and enhancement, and customized programs to improve the competitiveness and quality of area businesses. Extensive training is available in aeronautics, computer and information technology, contracting and construction, culinary arts, environmental and safety compliance, floral and interior design, health care, logistics, management and leadership, manufacturing, and green business and sustainability. Diverse and creative experiences in lifelong learning, including personal enrichment courses and youth programs, are also offered.

The division provides cost-effective and affordable quality training using the latest technologies available. Continuing education courses are held days, evenings and weekends on TTC campuses and at various sites throughout the Lowcountry as well as online. In 2010, 13,500 people attended one of the college’s more than 1,000 continuing education courses, resulting in 627,000 contact hours.

Demographics

Employment & Economic Development

Education

Import/Export & Distribution

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 pursue every real estate assignment; instead, we strive to create long-standing relationships that are mutually rewarding. We are committed to providing a level of service far beyond that which is expected — our goal is to delight our clients, not simply to satisfy them. Contact us to learn how we can help you successfully navigate the world of commercial real estate and to learn how the Anchor team truly puts PEOPLE FIRST, PROPERTIES SECOND.

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

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Government

2

Hospitality & Tourism

Medical & Health Care

S

onoco Recycling offers comprehensive recycling solutions tailored to meet the sustainability needs of municipalities and commercial entities of all types. Our waste management experts provide personalized service and customized solutions designed to achieve their clients’ sustainability goals through landfill diversion, hauling and landfill fee reduction, revenue stream enhancement and a reduced environmental footprint. Since 1972, Sonoco Recycling has played a significant role in Charleston area recycling efforts. Today, our company maintains relationships with more than 150 commercial businesses in the area, reclaiming approximately 36,000 tons of material each year in Charleston County alone. This reclaimed material results in nearly 150,000 cubic yards of saved landfill space and more than $2 million in savings for local businesses in avoided landfill fees. It is our mission to be "the recycling partner you can count on."

2 2011 Market Facts | www.charlestonbusines s.com

Business Resources

Government

Real Estate

CONTENTS

Financial Services Demographics

22

28

34

42

Financial Services

Demographics

Employment & Economic Development

Education

50

56

64

70

78

Education

Real Estate

Employment & Economic development

4

Hospitality & Tourism

Medical & Health Care

Business Resources

Government

Import/export & distribution

Import/Export & Distribution

Hospitality & Tourism Medical & Health Care Business Resources Government

3

Cover Photo/Ryan Wilcox Table of Contents Photo/Leslie Burden

www.charlestonbusiness.com | 2011 Market Facts

3

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

R e a l E s TATE

Real Estate

Charleston-area Housing Market..................... 6 New Listings and Closed Sales ...................... 6

U

ncertainty continues to plague Charleston-area real estate, with more foreclosures expected to be dumped on the market and a lack of financing for speculative properties. With a soft commitment from the Federal Reserve to keep interest rates low for the next year, that’s less of an unknown for the next 12 months.

Listings for residential properties decreased less than 1% in 2010 compared with the previous year, but actual closings were up 5.2% — the first increase in four years, when double-digit decreases have been typical.

The median sales price for homes in the Charleston region was up 3% for the year, at $188,979, marking another positive trend after back-to-back years of declines, of 3.9% and 8.5%.

Commercial real estate, which didn’t fall as fast or as far as residential, has nonetheless struggled to regain its footing. Industry experts say that leases are more popular than ever and that as absorption rates increase, through leases or sales, the price per square foot is going to increase. That could be a positive development for warehouse, office and retail space, and the demand could drive the financial backing of construction projects for commercial real estate, something that hasn’t occured during the post-recession era.

Median Sales Price and Average Sales Price........................................ 6 Days on Market.............................................. 8 Homes for Sale at Year End............................. 8 New Construction Homes for Sale................... 9 S.C. Housing Market..................................... 10 Closed Sales and Average Sales Price........... 10 Charleston Region Industrial Market.............. 11 2010 Year-end Industrial Market Report – Greenville....................................... 12 Charleston Region Industrial Report.............. 13 Industrial Buildings....................................... 14

Business Resources

Retail Trends Report...................................... 16 Vacancy Rate and Year-to-date Absorption................................ 18

This section is sponsored by:

Government

4

4 2011 Market Facts | www.charlestonbusines s.com

Year-end Retail Market Report...................... 18 Foreclosures – Regional Comparison............ 19 Charleston Region Office Trends Report.......................................................... 20 Charleston Apartment Market....................... 21

DOWNLOAD

OUR

MOBILE APP

Free instant access to local homes for sale Just text DRSIR to 87778 Red Boats, Argenteuil used with permission. 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 TATE

Charleston Area Housing Market New Listings

Closed Sales

Financial Services

27,952 27,000

18,000

26,955

24,000

21,665

21,000

18,901

Import/export & distribution

Education

Employment & Economic development

Demographics

18,000

12,000

8,000

9,000

6,000

6,000

4,000

3,000

Hospitality & Tourism

-3.6%

-19.6%

2007

2008

-12.8%

-0.9%

0

Business Resources Government

8,913

2,000

8,224

8,649

-22.1%

-30.2%

-77.7%

5.2%

2007

2008

2009

2010

0 2006

Top 5 Areas: Change in New Listings from 2009 Upper Mount Pleasant.....................12.9% Folly Beach.......................................8.6% Hanahan...........................................8.5% St. George/ Rural Dorchester County...................6.9% Hollywood/Ravenel/Meggett Area......6.5%

2009

2010

Bottom 5 Areas: Change in New Listings from 2009 Daniel Island................................... -2.1% Dorchester Road Corridor.............. -13.4% Lower Mount Pleasant.................. -14.1% Downtown Charleston................... -15.8% Kiawah and Seabrook Islands ...... -15.9%

Median Sales Price

2006

Top 5 Areas: Change in Home Sales from 2009 Folly Beach.....................................89.1% Upper Charleston Peninsula............52.9% Daniel Island...................................51.4% Isle of Palms...................................30.2% Kiawah and Seabrook Islands.........30.1%

$235,000

$290,000

$204,000

$293,409

$299,081

$294,485

$280,000

$208,490

$270,000

$200,395

$190,000

$183,440

$188,979

$250,000

$160,000

$240,000

$145,000

$230,000

$130,000

$220,000

2.2%

-3.9%

-8.5%

3.0%

2007

2008

2009

2010

$266,106

$260,000

$175,000

$115,000

Bottom 5 Areas: Change in Home Sales from 2009 West Ashley Area............................ -4.6% St. George/ Rural Dorchester County................. -7.7% Hanahan......................................... -8.1% Dorchester Road Corridor.............. -19.6% Rural Berkeley County.................. -24.5%

Average Sales Price

$100,000

6

12,771

12,000 10,000

$220,000

Medical & Health Care

14,000 18,728

15,000

$205,000

16,402

16,000

$253,409

$210,000

1.9%

-1.5%

-13.7%

4.7%

2007

2008

2009

2010

$200,000 2006

Top 5 Areas: Change in Median Sales Price from 2009 Sullivan’s Island...............................44.2% Kiawah and Seabrook Islands..........28.1% Daniel Island ...................................16.4% Wando/Cainhoy Area.......................14.7% Hollywood/Ravenel/Meggett Area....13.6%

Bottom 5 Areas: Change in Median Sales Price from 2009 Johns Island.................................... -5.0% Edisto Area...................................... -5.7% Dorchester Road Corridor................ -6.0% Folly Beach.................................... -14.6% Rural Berkeley County................... -24.1%

Source: Charleston Trident Association of Realtors

6 2011 Market Facts | www.charlestonbusines s.com

2006

Top 5 Areas: Change in Average Sales Price from 2009 Hollywood/Ravenel/Meggett Area....22.0% Kiawah and Seabrook Islands ........22.0% Wando/Cainhoy Area.......................16.9% Daniel Island...................................12.6% James Island....................................7.8%

Bottom 5 Areas: Change in Average Sales Price from 2009 Downtown Charleston..................... -8.9% Edisto Area..................................... -8.9% Isle of Palms................................... -9.8% Rural Berkeley County.................. -11.0% Folly Beach................................... -13.9%

People First, Properties Second

Our Sign of Integrity, Your Guarantee of Value

•

Brokerage

•

Management

•

Development

843.747.1200 • www.AnchorCommercial.net

R e a l E s TATE Real Estate

Charleston Area Housing Market Days on Market Until Sale

111

110 100

Financial Services

107

103

90 79

80 70

Demographics

60 50

52

40 30

Employment & Economic development

20 10

51.4%

30.3%

8.7%

-4.8%

2007

2008

2009

2010

0 2006

Import/export & distribution

Education

Top 5 Areas: Fewest Days on Market Until Sale in 2010 Isle of Palms.........................................77 Edisto Area...........................................83 Kiawah and Seabrook Islands...............89 Sullivan’s Island....................................97 Downtown Charleston...........................98

Bottom 5 Areas: Most Days on Market Until Sale in 2010 Greater Summerville Area...................196 Wando/Cainhoy Area...........................201 GooseCreek/Moncks Corner Area........202 Hanahan.............................................208 Dorchester Road Corridor....................226

Homes for Sale at Year End 11,000

10,389

10,000

Hospitality & Tourism

9,000

10,267 9,442

8,843

8,214

8,000 7,000 6,000 5,000

Medical & Health Care

4,000 3,000 2,000 1,000

17.5%

-1.2%

-8.0%

-13.0%

2007

2008

2009

2010

Business Resources

0

Government

8

“I cannot say enough positive things about C.F. Evans. The level of professionalism, organization, timeliness and quality is superior.”

- Mike Schwarz, Woodfield Investments

2006

Top 5 Areas: Change in Number of Homes for Sale from 2009 Upper Mount Pleasant........................11.7% West Ashley Area..................................6.9% Hanahan...............................................6.6% St. George/Rural Dorchester County.....1.5% Greater Summerville Area....................-6.0%

Bottom 5 Areas: Change in Number of Homes for Sale from 2009 Wando/Cainhoy Area........................ -21.8% Dorchester Road Corridor................. -23.8% Folly Beach....................................... -23.8% Daniel Island..................................... -27.0% Lower Mount Pleasant...................... -38.5%

:H EXLOG LW OLNH LW·V RXUV p 803.536.6443

www.cfevans.com

8 2011 Market Facts | www.charlestonbusines s.com

Source: Charleston Trident Association of Realtors

R e a l E s TATE Real Estate

New Construction Homes for Sale September 2007

3,600

Peak in homes for sale

-1,823

3,400 3,200 3,000

Financial Services

Drop in inventory from peak

2,800 Demographics

2,600 2,400 2,200

Employment & Economic development

2,000 1,800 1,600 1,400

Education

1,200 1,000 2006

2007

2008

2009

2010

Commercial Sales, Leasing & Property Management

Import/export & distribution

Source: Charleston Trident Association of Realtors

Hospitality & Tourism

Robert Barrineau Broker

Joyce Beach Broker

Geoffrey Groat Broker

Matine deLoach Broker

Michael Carmody Broker

Markus Kastenholz CPA, Broker

Daniel Atwill Broker

Mike White Broker

Cheryl Parish Financial Manager

Bobby Carrier Director of Property Management

www.charlestonbusiness.com | 2011 Market Facts

9

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

R e a l E s TATE Real Estate

South Carolina Housing Market Closed Sales 80,000

Financial Services

75,000

74,829 69,244

70,000 65,000

55,000 51,821 50,000 45,000

www.tridentconstruction.com 572-7600

47,013

-25.2%

-9.4%

0.2%

2007

2008

2009

2010

40,000 2006

Hilton Head Island Area.................. 16.1% North Augusta................................ 13.8% Piedmont Regional..........................-9.7% Greater Pee Dee.............................-7.6% Southern Midlands........................-11.2% Spartanburg....................................-6.2% Sumter/Clarendon County.............-12.2% Western Upstate.............................. 2.4%

Average Sales Price

Experience The Difference.

Hospitality & Tourism

Import/export & distribution

46,929

-7.5%

Changes from 2009 Aiken............................................... 7.2% Beaufort........................................ 21.7% Charleston Trident............................ 4.4% Coastal Carolinas........................... 16.0% Greater Columbia..........................-11.5% Greater Greenville...........................-5.4% Greenwood.....................................-6.4%

Education

Employment & Economic development

Demographics

60,000

$225,000

$224,696

$224,258

$220,000 $215,000

$213,109

$210,000

Medical & Health Care

Commercial || Industrial || Institutional || Retail || Upfits

$205,000 $200,000 $192,217

$195,000

$195,136

-0.2%

-5.0%

-9.8%

1.5%

2007

2008

2009

2010

$190,000 Business Resources

2006

Changes from 2009 Aiken..............................................-3.7% Beaufort.......................................-12.1% Charleston Trident............................ 5.3% Coastal Carolinas............................-8.0% Greater Columbia............................. 1.9% Greater Greenville............................ 4.7% Greenwood...................................... 6.2%

Government

10

682 Johnnie Dodds Boulevard, Suite 101, Mt. Pleasant SC 29464 www.southconbuilding.com || 843.225.2845

10 2011 Market Facts | www.charlestonbusines s.com

Source: South Carolina Association of Realtors

Hilton Head Island Area.................-10.2% North Augusta.................................. 2.3% Piedmont Regional........................... 2.4% Greater Pee Dee.............................. 3.4% Southern Midlands..........................-5.5% Spartanburg....................................-2.0% Sumter/Clarendon County................ 3.9% Western Upstate.............................. 1.4%

R e a l E s TATE

June 2011 34,420,311 6,389,732 18.6% 647,230 81.4%

31,357,236 6,354,531 20.3% N/A 79.7%

32,457,236 6,317,113 19.5% 1,137,418 80.5%

32,957,236 6,159,145 18.7% 657,968 81.3%

1,463,075 149,837 10.2% N/A 89.8%

1,463,075 219,849 15.0% -70,012 85.0%

1,463,075 230,587 15.8% -10,738 84.2%

June 2010 Dec. 2010 5,761,204 5,761,204 1,304,938 1,405,700 22.7% 24.4% N/A -100,762 77.3% 75.6% June 2010 Dec. 2010 13,166,123 13,166,123 2,822,502 2,767,042 21.4% 21.0% N/A 55,460 78.6% 79.0% June 2010 Dec. 2010 440,821 440,821 105,071 102,571 23.8% 23.3% N/A 2,500 76.2% 76.7% June 2010 Dec. 2010 8,260,462 9,360,462 1,397,770 1,276,590 16.9% 13.6% N/A 1,221,180 83.1% 86.4%

June 2011 5,761,204 1,147,472 19.9% 258,228 80.1% June 2011 13,666,123 2,868,287 21.0% 398,755 79.0% June 2011 440,821 76,411 17.3% 26,160 82.7% June 2011 9,360,462 1,124,465 12.0% 152,125 88.0%

Education

N/A - Not Available Inventory includes all buildings 25,000 square feet and larger Source: NAI Avant; NAI Earle Furman

Goose Creek/ Moncks Corner Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy North Charleston Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy Mount Pleasant/Wando Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy Summerville/Jedburg Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy

Employment & Economic development

Dec. 2010 33,920,311 6,536,962 19.3% 1,067,406 80.7%

Demographics

June 2010 32,820,311 6,504,368 19.8% N/A 80.2%

Financial Services

Charleston Industrial Market Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy Flex Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy

Real Estate

Charleston Region Industrial Market June 2010-2011

Import/export & distribution

Caldwell Commercial Real Estate Services

Hospitality & Tourism Medical & Health Care

P.O. Box 1504 Mt. Pleasant, SC 29465 Phone: 843.566.1888 Fax: 843.554.8000

Business Resources

Proudly serving the Lowcountry for 10 years www.caldwellcommercial.com

www.charlestonbusiness.com | 2011 Market Facts

Government

11

11

2010 Year-end Industrial Market Report – Greenville Existing Inventory

Market Anderson Cherokee Greenville Laurens County Pickens Spartanburg Totals

No. of Buildings 312 59 2,192 45 131 1,223 3,962

Total Rentable Building Area 15,130,182 5,009,394 76,760,207 3,674,091 4,524,809 66,224,012 171,322,695

Vacancy Direct Total Square Square Footage Footage 952,348 952,348 1,081,203 1,162,203 8,463,590 8,691,240 772,323 772,323 376,485 376,485 6,481,839 6,619,639 18,127,788 18,574,238

Vacancy 6.3% 23.2% 11.3% 21.0% 8.3% 10.0% 10.8%

Year-toDate Net Absorption 288,880 (176,400) 4,463 78,160 93,399 162,437 450,939

Year-toUnder Date Construction Deliveries Square Footage 0 16,371 0 0 23,728 77,089 0 0 0 50,000 0 0 23,728 143,460

Quoted Rates $2.24 $2.21 $3.27 $2.48 $2.24 $2.83 $2.89

Source: The CoStar Industrial Report, Grubb & Ellis

A Development of:

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 TATE

PARKSHORE CENTRE

Energy Star® rated and LEED® certified Green buildings increase occupant productivity up to 16%.

LEASING CONTACT: John Durlach 843.723.2848 Additional Green Projects:

Government

12

12 2011 Market Facts | www.charlestonbusines s.com

25 Calhoun One Poston Road, Charleston

DURLACH.COM

R e a l E s TATE

Vacancy Rate

Residential & Commercial

12%

Sales & Maintenance

10%

24/7 Service

14%

8%

4% 2% 3Q ’09

1Q ’10

3Q ’10

1Q ’11

Absorption Rate (In thousands of square feet)

No Interest!

Or $1,500 Cash Back!

1,000

Employment & Economic development

0% 1Q ’09

Months

Demographics

6%

36

Financial Services

16%

Real Estate

Charleston Region Industrial Report

750 Education

500 250

Import/export & distribution

0 -250 -500 -750 1Q ’10

3Q ’10

1Q ’11

Hospitality & Tourism

-1,000 3Q ’09

Asking Rental Rates ($/SF/Year/Triple Net) $9

Medical & Health Care

$8 $7 $6

CHARLESTON

$4 $3

3Q ’09

-General Industrial

1Q ’10 - R&D/Flex

3Q ’10

1Q ’11

- Warehouse/Distribution

HEATING & AIR 216-9966

www.charlestonheatingandair.com

31

Government

$2 1Q ’09

Business Resources

$5

Source: Grubb & Ellis WRS

www.charlestonbusiness.com | 2011 Market Facts

13

Real Estate

R e a l E s TATE

Industrial Buildings Ranked by Available Square Footage

Available Square Feet

Clear Height (in feet)

Dock-Height Truck Doors

Wall Type

Year Built

Broker Name/ Broker Phone

2550 W. Fifth North St. Summerville, SC 29483

390,000

20

17

Metal

1977

Re/Max Pro Realty 843-576-2705

300 Eagle Road Goose Creek, SC 29445

284,750

20-30

22

Block

1973

CB Richard Ellis Carmody 843-577-0702

1980 Technology Drive Charleston, SC 29492

253,500

30

69

Tilt-up concrete, insulated

2007

CB Richard Ellis Carmody 843-577-0702

1 Belt Drive Moncks Corner, SC 29461

240,000

13.5

4

Insulated metal/block

1950

CB Richard Ellis Carmody 843-577-0702

0 Truxton Ave. North Charleston, SC 29405

220,000

45

1

Concrete

1935-1938

Carolina Commercial LLC 843-805-6060

1124 Newton Way Summerville, SC 29483

219,960

32

56

Tilt-up

2007

Johnson Development Associates Inc. 843-853-0105

7555 Palmetto Commerce Parkway Ladson, SC 29456

212,009

24

25

Metal

1989

Maybank Properties 843-740-9200

2550 U.S. Highway 52 Moncks Corner, SC 29461

201,585

25-35

3

Metal

1979

Palmetto Commercial Properties Inc. 843-577-2550

5801 N. Rhett Ave. Extension Hanahan, SC 29406

200,000

24-28

36

Pre-cast concrete

1980

Colliers International 843-723-1202

2725 W. 5th North St. Summerville, SC 29483

200,000

20

18

Metal

1978

NAI Avant 843-720-4944

4500 Goer Drive North Charleston, SC 29406

163,000

18

4

Metal/block

1965

Grubb & Ellis WRS 843-725-7200

3191 Ashley Phosphate Road North Charleston, SC 29420

155,719

21

11

Concrete panels

1978

CB Richard Ellis Carmody 843-577-0702

211 Farmington Road Summerville, SC 29483

131,535

15.5-22

14

Metal/block

1979, 1986, 1990

CB Richard Ellis Carmody 843-577-0702

7405 Magi Road Hanahan, SC 29410

130,000

32

25

Tilt-up

2008

Colliers International 843-723-1202

2650 Carner Ave. North Charleston, SC 29405

127,000

15

4

Block

1965

Carolina Commercial LLC 843-805-6060

1930 Hanahan Road North Charleston, SC 29406

124,000

14-18

3+

Metal

1980

Palmetto Commercial Properties Inc. 843-577-2550

326 Deming Way Summerville, SC 29483

110,000

20

8

Metal

1998

Grubb & Ellis WRS 843-725-7200

164 Spring Grove Drive Moncks Corner, SC 29461

103,050

20

11

Insulated metal

1981

Patillo Industrial Real Estate 904-695-2452

3290 Benchmark Drive Ladson, SC 29456

100,000

22

14

Insulated metal

2000

Holcombe Fair & Lane 843-722-2642

4100 Carolina Commerce Parkway North Charleston, SC 29456

75,000

24

7

Metal

2001

Anchor Commercial 843-747-1200

2345 Charleston Regional Parkway Charleston, SC 29492

70,000

24

26

Tilt-up

2007

Childress Klein Properties 843-971-6959

420 Industrial Road Summerville, SC 29483

63,000

24

4

Metal

2000

CB Richard Ellis Carmody 843-577-0702

6331 Fain Blvd.

North Charleston, SC 29406

52,227

20-26

20

Metal

1972

NAI Avant 843-720-4944

909 Commerce Circle Hanahan, SC 29406

51,253

16

12

Concrete

1974

Carr Properties LLC 843-793-2436

6555 Fain Blvd.

North Charleston, SC 29406

51,000

16-22

7

Metal

1972

Colliers International 843-723-1202

2325 Charleston Regional Parkway Charleston, SC 29492

50,000

16

1

Tilt-up

2006

Anchor Commercial 843-747-1200

2490 W. Fifth North St. Summerville, SC 29483

50,000

24

0

Concrete

1998

Anchor Commercial 843-747-1200

2155 Durant Ave. North Charleston, SC 29405

50,000

20

2

Metal

1975

Palmetto Commercial Properties 843-577-2550

4567 A-B Piggly Wiggly Drive North Charleston, SC 29405

46,732

20

6

Metal

1960

NAI Avant 843-720-4944

1025-B Legrand Blvd.

Charleston, SC 29492

45,000

26-32

4

Pre-cast concrete

1995

NAI Avant 843-720-4944

212 Industrial Road Summerville, SC 29483

44,000

21

1

Metal

1980

CB Richard Ellis Carmody 843-577-0702

900-B Commerce Circle Hanahan, SC 29406

40,000

21

36

Metal

1965

Grubb & Ellis WRS 843-725-7200

4280 Pace St. North Charleston, SC 29405

33,935

24

2

Metal

1967

Shoreline International 843-416-1099

1026 Legrand Blvd.

Charleston, SC 29492

32,000

24

7

Concrete

1995

CB Richard Ellis Carmody 843-577-0702

7381 E. Spartan Blvd.

North Charleston, SC 29418

32,000

20

2

Metal

1970

NAI Avant 843-720-4944

2821 Azalea Drive North Charleston, SC 29405

30,500

33

4

Metal

1975

NAI Avant 843-720-4944

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Address

Government

14

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/.

Source: Colliers International. All listings are subject to change based on availability.

14 2011 Market Facts | www.charlestonbusines s.com

Researched by Clayton Wynne

Retail Trends Report – First Quarter 2011

By Submarket Downtown Charleston East Cooper Goose Creek Moncks Corner North Charleston Summerville West Ashley West Islands Totals

By Property Type Community Free-standing Neighborhood Outlet Regional Specialty/Theme Strip Super-regional Urban Retail Totals

Inventory Square Footage 473,652 3,436,152 931,333 419,614 5,845,720 2,724,888 4,447,920 1,341,667 19,620,946

Vacant Square Footage 26,028 327,801 43,231 N/A 726,471 250,866 268,157 194,482 1,837,036

Vacancy Rate 5.50% 9.50% 4.60% N/A 12.40% 9.20% 6.00% 14.50% 9.40%

Net absorption Current Year-to-Date 1,783 1,783 -227 -227 3,189 3,189 N/A N/A 26,279 26,279 -1,281 -1,281 34,236 34,236 1,833 1,833 65,792 65,792

Asking Rent N/A $17.38 $12.13 N/A $13.23 $19.93 $11.46 $8.85 $14.12

2,985,714 3,509,306 6,983,958 396,717 1,253,280 587,643 1,591,744 1,971,569 341,015 19,620,946

473,885 N/A 1,059,086 N/A 65,030 40,569 149,504 22,934 26,028 1,837,036

15.90% N/A 15.20% N/A 5.20% 6.90% 9.40% 1.20% 7.60% 9.40%

-4,733 N/A 10,125 12,633 10,230 -1,259 37,033 N/A 1,763 65,792

$10.48 N/A $14.12 N/A $15.96 $32.23 $15.71 $14.26 $23.53 $14.26

Source: Grubb & Ellis WRS; N/A=Information not available

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 TATE

Government

16

16 2011 Market Facts | www.charlestonbusines s.com

-4,733 N/A 10,125 12,633 10,230 -1,259 37,033 N/A 1,763 65,792

R e a l E s TATE Real Estate

Retail Trends Report - Charleston Region Vacancy Rate

Year-to-date Absorption (in thousands of square feet)

– Charleston Business District

– Combined

200

8%

100

6%

0

4%

-100

2%

-200

Third Quarter 2010

First Quarter 2011

-300 First Quarter 2010

Third Quarter 2010

Education

0 First Quarter 2010

Employment & Economic development

10%

Demographics

300

Financial Services

12%

First Quarter 2011

- 0LOHV %DUNOH\ 3ULQFLSDO %,&

SPECTACULAR

Hospitality & Tourism

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Robin Bedenbaugh

$ 9DOXH 'ULYHQ &RPSDQ\

Import/export & distribution

Source: Grubb & Ellis WRS

TRANSPORTATION SOLID WASTE MANAGEMENT ENVIRONMENTAL

:LOOLDP + )LVKEXUQH :HQG\ 0XOTXHHQ

%URNHUDJH

MANAGEMENT CONSULTING ARCHITECTURE FEDERAL CONSTRUCTION MANAGEMENT

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

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www.hdrinc.com

www.charlestonbusiness.com | 2011 Market Facts

71

Government

'HYHORSPHQW

Business Resources

$VVHW 0DQDJHPHQW

POWER

Vince Streano

+HQU\ % )LVKEXUQH

Medical & Health Care

WATER & WASTEWATER

17

Year-end Retail Market Report – 2010

Demographics

Financial Services

Real Estate

R e a l E s TATE

Employment & Economic development

on t s e l r Cha a Are

Asking

Askin

Education Import/export & distribution

$12.3R6ate

$14.g3R9ate

Source: Grubb & Ellis WRS

Hospitality & Tourism Medical & Health Care

Availa Footage

are Fo u q S e l b Availa

Recent representations include: Stanley, Inc. in the lease renewal of 151,602 SF at 2410 Magi Drive, Hanahan, SC John Coppedge Charleston

John Tison Charleston

Ed Kercher Charleston

Rockefeller Group/MWV in the sale of their 1.1 Million SF Distribution Center located in Charleston, SC General Supply Services/ GEXPRO in the lease renewal of 70,244 SF at 201 Forrester Drive, Mauldin, SC

Phillip Owens Charleston

Andy Parker Charleston

Business Resources Government

2,976ble,2Sq0ua2re

1,839,474otage

Mark Erickson Charleston

18

Columbia Area

CGM SC, LLC in the lease of 102,143 SF at 5801 North Rhett Ave, Hanahan, SC OOCL (USA), Inc. in a lease of 9,866 SF at 4000 Faber Centre Liberty Property Trust in a lease of their 197,200 SF Parkway East building in Greenville, SC

Ryan Weatherly Charleston

Marcus Cornelius Greenville

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

Todd Younghans Greenville

www.coppedgetison.com

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

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

18 2011 Market Facts | www.charlestonbusines s.com

Greenv ille Area

5,881,06

Availab le S

3

quare F ootage

$9.93

Asking

Rate

R e a l E s TATE Real Estate Education Import/export & distribution

Source: RealtyTrac

Employment & Economic development

Jan. 1, 2009 - Dec. 31, 2009 Jan. 1, 2008 - Dec. 31, 2008 No. of % of All Avg. Sales Avg. No. of % of All Avg. Sales Avg. Sales Sales Price Discount % Sales Sales Price Discount % 444 20.57 $132,063 29.41 249 10.43 $131,609 34.33 763 15.52 $231,653 21.08 410 7.29 $207,553 33.74 499 20.12 $135,892 23.72 254 8.67 $138,683 28.29 568 15.05 $99,890 35.61 559 12.43 $100,995 37.09 63 17.75 $52,615 46.57 69 17.21 $52,228 42.67 132 25.78 $71,135 37.54 134 20.52 $77,033 31.66 915 17.17 $99,738 37.48 789 13.43 $95,237 41.10 209 15.46 $81,511 36.72 159 10.30 $77,878 40.12 393 19.04 $81,204 32.06 518 21.10 $82,291 35.33 1,359 19.80 $103,375 34.18 1,283 15.32 $103,551 37.99 596 16.62 $82,034 30.51 702 16.25 $81,736 34.70 9,450 16.06 $129,696 27.09 7,129 10.25 $115,176 39.05 28.64 $170,775 27.14 964,305 22.94 $200,708 22.14

Demographics

Jan. 1, 2010 - Dec. 31, 2010 No. of % of All Avg. Sales Avg. County Sales Sales Price Discount % Berkeley 474 26.93 $170,292 12.49 Charleston 1,029 20.68 $246,050 24.19 Dorchester 442 22.36 $131,304 24.70 Lexington 478 15.47 $108,988 32.92 Newberry 49 29.34 $55,491 18.47 Orangeburg 110 25.17 $64,795 40.74 Richland 595 17.53 $104,891 33.84 Sumter 202 17.77 $99,868 24.17 Anderson 339 18.78 $92,946 18.44 Greenville 1,058 18.26 $114,909 29.22 Spartanburg 559 17.10 $88,934 24.09 South Carolina 8,496 18.09 $145,307 21.45 U.S. Total 831,574 25.96 $172,030 28.13

Financial Services

Foreclosures – Regional Comparison 2008-2010

Hospitality & Tourism

Contractor of the Year

Medical & Health Care

AWARDED 5 TIMES

Charleston Chapter, American Subcontractors Association of the Carolinas

Business Resources

91

Government

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www.charlestonbusiness.com | 2011 Market Facts

19

Financial Services

Real Estate

R e a l E s TATE

*3,(5 .9,,5

Charleston Region Office Trends Report Vacancy Rate

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30%

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25%

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20%

Employment & Economic development

Demographics

15% *LY[PÄLK .V]LYUVY»Z 4PUVYP[` 6^ULK )\ZPULZZ

10%

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0% 1Q ’09

3Q ’09

– Surburban

1Q ’10 - Combined

3Q ’10

1Q ’11

– Charleston Business District

Absorption Rate (In thousands of square feet)

Import/export & distribution

Education

400 350 300 *HSS <Z =PZP[ <Z ^^^ X[QZLY]PJL JVT

250 200 150

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100 50 0

Business Resources

Medical & Health Care

Hospitality & Tourism

-50

Government

20

-100 1Q â&#x20AC;&#x2122;09

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20 2011 Market Facts | www.charlestonbusines s.com

3Q â&#x20AC;&#x2122;09

1Q â&#x20AC;&#x2122;10

3Q â&#x20AC;&#x2122;10

1Q â&#x20AC;&#x2122;11

Asking Rental Rates ($/SF/Year/Full Service) $32 $30 $28 $26 $24 $22 $20 $18 $16 1Q â&#x20AC;&#x2122;09

3Q â&#x20AC;&#x2122;09 - Class A

Source: Grubb & Ellis WRS

1Q â&#x20AC;&#x2122;10

3Q â&#x20AC;&#x2122;10 - Class B

1Q â&#x20AC;&#x2122;11

R e a l E s TATE

Education

Source: Real Data, Charleston Apartment Index 2011, www.aptindex.com

Employment & Economic development

*Largest Floor plans, Highest Monthly Rent and Highest Rent per Square foot are based on twobedroom unit averages.

Demographics

Charleston Submarket Highlights Highest Occupancy:.................................................................................. James Island Largest Floor Plans*: ................................................................................ James Island Highest Monthly Rent*: .........................................................................Mount Pleasant Highest Rent per Square Foot*: .............................................................Mount Pleasant Strongest Demand: ................................................................................... Goose Creek Most Development: ................................................................................... Summerville  Apartment Community Highlights Largest Community: ....................................................................................Castlewood Largest Floor Plans*: .................................................................................. Haddon Hall Highest Monthly Rent*: ....................................................Greystar Daniel Island Village Highest Rent per Square Foot*: ........................................................... Sergeant Jasper Largest Management Company: .................. Asset Management & Consulting Services Largest Ownership Group: ....................................................... Colonial Properties Trust

Financial Services

The occupancy rate for the Charleston apartment market has hovered around 90% over the past year. There has been a steady demand for apartments as troubled conditions remain for home sales. Development for the area remains limited as the majority of developers with proposed communities wait for improved market conditions before proceeding with construction. The average rental rate has increased and is now $777 per month. Occupancy rates and rent growth should show strong gains over the next two years. Occupancies could reach 97% and rents could increase by 3% by 2013.

Real Estate

Charleston Apartment Market

Import/export & distribution Hospitality & Tourism Medical & Health Care Business Resources Government

12

www.charlestonbusiness.com | 2011 Market Facts

21

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Financial Services

Financial Services

S

even S.C. banks failed in the past two years, including one Charleston-based bank. Several others are still struggling as the toll of the real estate industry collapse continues to pull at balance sheets and quarterly earnings. Consolidation and rebranding have helped create a sense of stability among some of the larger banks that have taken over other weaker institutions in the state.

First Federal, the largest Charleston-based bank, continues to hold a sizable market share in the region, at 15.76%, just behind the largest deposit holder, Wells Fargo.

The recent years of frozen credit markets have given way to some loosening for small businesses with strong track records and with plans for growth that combine stability with assets. Homeowners hoping to refinance are finding bankers willing to listen, but many hoping to take advantage of lower interest rates are finding themselves underwater because they bought at the height of the market.

Health insurance reform continues to raise questions for companies, who are trying to comply with the federal law’s rolling changes while maintaining a stable financial footing for their businesses.

The stock market, which decimated many retirement plans and 401(k) programs for workers getting close to retirement has returned some of its value for younger workers, but the debate over the federal debt and the residual impact on the stock market gave publicly traded companies and those invested in stocks and bonds a quick reminder of how fast the market can fall.

This section is sponsored by:

Government

22

22 2011 Market Facts | www.charlestonbusines s.com

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

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Real Estate

Financial Services

Charleston Metro Area Consumer Price Index

Number and Types of Accountants in South Carolina

The Consumer Price Index is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Fiscal year that ended June 30, 2011

Financial Services

– CPI with food and energy

279

Accounting Firms Out-of-State Registration

– Core CPI (not including food or energy)

14

Public Accountants

1,159

4.0%

Accounting Firms In-State Registration

3.5%

106

Accounting Practitioners

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Government

24

Annual Inflation Rate

Demographics

3.0% 2.5% 2.0% 1.5%

Because of the high volatility of food and energy prices, as seen here, we also show the core CPI, which shows a more gradual trend.

1.0% 0.5%

5,488

Certified Public Accountants

0.0% 2001

2002

2003

2004

2005

2006

2007

2008

2009

Source: U.S. Bureau of Labor Statistics

2010

Source: U.S. Bureau of Labor Statistics

Deposit Market Share Report (as of June 30, 2010) Outside of Market

Bank Wells Fargo Bank First Federal Bank of America Synovous Bank First Citizens Branch Banking & Trust Co. Community First Bank South Coast Community Bank Tidelands Bank TD Bank (Carolina First Bank) Bank of South Carolina SCBT National Association Harbor National Bank SunTrust Bank First Citizens (Atlantic Bank & Trust) Regions Bank Farmers & Merchants Bank of S.C. First National Bank of S.C. First Reliance Bank Ameris Bank Number of Institutions in the Market: 25

State Bank (HQ) Class SD N SC SA NC GA SC NC SC SC SC SC SC SC SC GA SC AL SC SC SC GA

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

Bank Charter Classes: N: National Bank SM: Federal Reserve Member NM: Federal Reserve Nonmember SA: Savings Association Source: FDIC Summary of deposits for Charleston MSA

24 2011 Market Facts | www.charlestonbusines s.com

Inside of Market

State/Federal Charter Federal Federal

No. of Offices 6,556 37

Deposits ($000) 716,798,443 957,292

No. of Offices 26 28

Deposits ($000) 2,443,557 1,545,037

Regional Market Share 24.92% 15.76%

Federal State State State State State State State State Federal Federal State Federal State State Federal State State Totals

6,019 315 168 1779 0 0 3 169 0 70 0 1,711 2 1,768 5 2 4 52 15,609

827,872,998 25,436,764 6,695,278 103,018,907 0 0 166,563 9,155,618 0 2,813,208 0 118,643,077 99,087 95,663,839 106,491 43,628 441,892 2,021,162 1,559,267,747

19 10 21 12 6 11 4 7 4 7 3 13 1 6 3 6 2 4 141

1,055,321 698,728 566,727 441,148 415,145 352,249 340,504 278,846 233,829 200,737 194,281 165,462 132,195 130,868 93,112 81,305 66,874 65,390 7,693,895

10.76% 7.30% 5.78% 4.50% 4.23% 3.59% 3.47% 2.84% 2.38% 2.05% 1.98% 1.69% 1.35% 1.33% 0.95% 0.83% 0.68% 0.67% 100.00%

Business Services

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Financial Services

Real Estate

Financial Services

Loans Guaranteed by the U.S. Small Business Administration in S.C. $190M

Loans sharply increased since 2009, reaching $188 million by the end of 2010.

$180M $170M

Demographics Employment & Economic development

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

Oct. Nov. Dec. Total

As the recession was at its peak, banks became more stringent in lending money, causing SBA loans to plummet from 2008 to 2009.

$160M $150M $140M $130M $120M

# of loans 5 3 3 3 9 3 10 14 12 4 6 5 77

2009 2010 2011 $ amount of # of $ amount of # of $ amount of loans loans loans loans loans $1,602,500 6 $2,195,000 2 $224,900 $696,000 7 $2,325,800 0 $0 $1,365,000 8 $2,553,000 9 $5,731,600 $385,000 3 $1,448,500 16 $3,164,500 $2,792,000 3 $1,442,700 4 $699,000 $585,000 1 $5,000 3 $1,820,000 $638,000 9 $425,600 $767,500 7 $220,000 $3,292,000 7 $2,291,000 $1,465,500 3 $2,042,500 $1,145,600 4 $2,019,000 $1,047,000 14 $7,942,400 $15,781,100 72 $24,910,500 34 $11,640,000

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

$110M $100M 2007

2008

2009

2010

Source: Small Business Administration

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Loans Guaranteed by the U.S. Small Business Administration â&#x20AC;&#x201C; Charleston Region

Government

26

26 2011 Market Facts | www.charlestonbusines s.com

Financial Services Real Estate

Gross Retail Sales by County – Berkeley County

– Charleston County

– Dorchester County

$13M

$12.8M Financial Services

$12M Charleston County’s retail sales dropped 14.6% from 2007 to 2009.

$11M $10M $9M

Demographics

$8M $7M $6M $5M

$4.3M

$4M $3M $2M

Employment & Economic development

By the end of 2010, sales in Berkeley and Dorchester counties had exceeded pre-recession numbers.

$1.7M

0 2003

2004

2005

2006

2007

2008

2009

2010

Import/export & distribution

Source: Charleston Metro Chamber of Commerce, Center for Business Research, S.C. Department of Revenue

Education

$1M

Hospitality & Tourism Medical & Health Care Business Resources Government

72

www.charlestonbusiness.com | 2011 Market Facts

27

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Demographics

Demographics

C

ensus data from 2010 show increases in population across the Lowcountry. With a 41.6% growth rate, Dorchester County was the fastest-growing county in the state. Berkeley and Charleston counties followed with 24.7% and 13%, according to the latest population figures.

Columbia remains the largest city in South Carolina, with a population of more than 120,000, and Charleston, North Charleston and Mount Pleasant follow in population. At more than 43,000 people, Summerville is the largest city in the tri-county area outside of Charleston County, and it is the seventh-largest in the entire state by population.

The cost of living remains relatively higher in the Charleston-North Charleston metropolitan statistical area than in much of the Southeast, with several household expenses costing more than in places such as Atlanta. And average salaries are considerably lower in the Charleston-North Charleston region. The U.S. Bureau of Labor Statistics said workers, on average, earn $7,000 more a year in Atlanta than in the Charleston region.

The Charleston region’s overall cost of living score, at 98.2, is lower than Columbia’s, which beats the national average at 100.3. Charleston surpasses the national benchmark in some categories, though, such as groceries, health care and miscellaneous goods.

The Lowcountry continues to be a draw for people from other states. Census Bureau data show that a majority of the residents of the tri-county region were born in other states.

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28 2011 Market Facts | www.charlestonbusines s.com

Counties at a Glance.................... 30 Charleston Region Population Growth Trends............ 30 Largest S.C. Municipalities........... 30 Population by Age Group in the Charleston Region.............. 30 Annual Average Price Report – State Comparison........................ 31 Annual Average Price Report – Regional Comparison................... 31 Cost of Living Comparison........... 31 Commuting to Work..................... 32 Most-populous Areas – 2000 Compared with 2010.......... 32 Occupational Employment and Wage Estimates.................... 33 Place of Birth............................... 33 Language Spoken at Home.......... 33

Counties at a Glance

Demographics

Financial Services Employment & Economic development

Dorchester County

Total area (land & water)...... 1,229 square miles Population (2010).................................177,843 Population growth rate (2010)..................24.7% Total households (2009)..........................56,203 Civilian labor force (June 2011).............. 83,542 Unemployment rate (June 2011)..............10.6% Median household income (2009).........$46,609 Gross retail sales (2010)...................$4.2 billion County seat................................Moncks Corner Form of government............. Council/Supervisor

Geographic Area

Charleston County

Sumter......................................... 40,524

Total area (land & water)...... 1,357 square miles Population (2010).................................350,209 Population growth rate (2010).....................13% Total households (2009)........................139,754 Civilian labor force (June 2011)............ 181,289 Unemployment rate (June (2009)...............9.6% Median household income (2009).........$46,145 Gross retail sales (2010).................$12.8 billion County seat.......................................Charleston Form of government.........Council/Administrator

Florence....................................... 37,056

Charleston.................................. 120,083 North Charleston........................... 97,471 Mount Pleasant............................. 67,843 Rock Hill....................................... 66,154 Greenville..................................... 58,409 Summerville................................. 43,392 Hilton Head Island......................... 37,099 Spartanburg.................................. 37,013 Goose Creek ................................ 35,938 Aiken ........................................... 29,524 Myrtle Beach ............................... 27,109 Anderson ..................................... 26,686 Greer ........................................... 25,515 Greenwood .................................. 23,222

Source: U.S. Census Bureau; U.S. Department of Labor; Charleston Metro Chamber of Commerce, Center for Business Research; S.C. Department of Revenue

North Augusta .............................. 21,348 Easley .......................................... 19,993 Source: U.S. Census Bureau, 2010

– 1980 Census

– 1990 Census

– 2000 Census

– 2010 Census

375,000 350,000

13.0%

325,000

Growth

300,000

Population by Age Group in the Charleston Region

275,000 250,000 225,000 200,000 175,000

24.7% Growth

41.6%

125,000

Growth

100,000 75,000

25,000 0

Berkeley County

Charleston County

Source: U.S. Census Bureau

30 2011 Market Facts | www.charlestonbusines s.com

Dorchester County

Age Range 5 to 14 15 to 19 20 to 24 25 to 34 35 to 44 45 to 54 55-59 60 to 64 65 to 74 75 and older Median Age

Dorchester County

Government

Columbia.................................... 129,272

Mauldin ....................................... 22,889

50,000

30

2010 Population

Charleston Region Population Growth Trends

150,000 Business Resources

Largest S.C. Cities

Charleston County

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Total area (land & water)......... 576 square miles Population (2010).................................136,555 Population growth rate (2010)..................41.6% Total households (2009)..........................42,675 Civilian labor force (June 2011).............. 65,975 Unemployment rate (June 2011)................9.4% Median household income (2009).........$52,443 Gross retail sales (2010)...................$1.7 billion County seat....................................... St. George Form of government.........Council/Administrator

Berkeley County

Berkeley County

Real Estate

Demographics

13.9% 8% 7.9% 14% 14.7% 14.3% 5.6% 4.9% 5.7% 3.7% 34.3

11.2% 6.8% 8.1% 17.2% 12.8% 13.5% 5.9% 5.1% 6.4% 5.9% 34.9

15.0% 7.6% 6.3% 13.2% 15.9% 14.5% 5.5% 5% 5.7% 4.1% 35.5

Source: U.S. Census Bureau, 2009 American Community Survey

Demographics

Dozen Eggs 1.16 1.50 1.51

Bread 1.29 1.37 1.38

3.04

2.28

1.51

1.72

3.42

5.31

3.00 1.85 2.86 3.17 3.07

2.39 2.08 2.63 2.14 2.08

1.47 1.25 1.49 1.62 1.47

1.55 1.20 1.43 1.50 1.68

3.46 3.00 3.28 3.51 3.58

4.78 4.86 4.55 4.69 4.98

Coffee Cascade 3.49 4.70 3.29 4.54 3.41 4.86

2.18 2.25

1.52 1.49

1.43 1.46

3.69 3.45

5.23 5.06

3.04

2.28

1.51

1.72

3.42

5.31

2.78 2.97 3.27 3.03 2.81

2.21 2.29 2.06 2.37 2.27

1.32 1.44 1.68 1.49 1.40

1.73 1.49 1.50 1.49 1.55

3.47 3.4 3.84 3.53 3.55

4.80 5.25 5.41 4.94 4.81

99.3 93.5

103.1 87.8

100.3 100.3

98.2

105.7

92.3

96.8

93.9

104.2

101.5

93.2 100.3 90.3 92.9 89.4 97.7 98.1 104.4

97.1 105.2 102.7 102.8 91.4 97.8 104.2 103.6

79.3 82.0 72.7 79.8 81.8 85.2 88.6 102.9

91.4 109.2 90.3 92.1 95.3 108.8 105.8 114.1

95.7 102.0 97.1 103.6 84.3 101.8 96.7 100.8

110.1 106.0 98.0 94.3 88.2 95.4 100.8 112.4

101.4 110.6 97.7 97.3 95.1 104.5 101.8 103.1

Misc. Goods and Services

86.5 105.9

Composite Index

90.5 73.0

Note: An index value of 100 represents the U.S. average.

Source: ACCRA Cost of Living Index 2010

Call or visit www.g4s.com/us to learn how we can meet your requirements with cost-effective customized security programs.

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Business Resources

Sally Hunter-Garshell, Manager Business Development G4S Secure Solutions USA 843.324.5179 • sally.garshell@usa.g4s.com • www.g4s.com/us

Medical & Health Care

G4S has been keeping our friends and families safe with world-class security solutions.Whether it's protecting residential communities, college campuses, banking facilities, business and governmental buildings, or other industries, you can count on G4S to deliver expert security services, innovative solutions and cutting-edge technology that exceed customer expectations.

Hospitality & Tourism

Partnering With Our Community

Import/export & distribution

Source: Council for Community and Economic Research’s ACCRA Cost of Living Index 2010

Health Care

3.23 3.51

Coffee Cascade 3.54 5.01

Transportation

Bread 1.31

Utilities

Dozen Eggs 1.39

Housing

Half-Gallon Milk 2.37

96.1 93.5

Education

Beaufort Camden CharlestonNorth Charleston Columbia Greenville Hilton Head Island Myrtle Beach Sumter

Ground Beef 2.76

95.5 90.8

Employment & Economic development

Region Anderson

Metro Area Atlanta Birmingham, Ala. CharlestonNorth Charleston Charlotte Columbia Greenville Jacksonville, Fla. Knoxville, Tenn.

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

Grocery Items

2010 Annual Average Price Report – Regional Comparison

Cost of Living Comparison

Demographics

Half-Gallon Milk 1.75 2.14 2.19

Financial Services

Metro Area Atlanta Birmingham, Ala. Charlotte CharlestonNorth Charleston Jacksonville, Fla. Knoxville, Tenn.

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

Ground Beef 2.44 2.29 2.59

Real Estate

2010 Annual Average Price Report – State Comparison

Government

13

www.charlestonbusiness.com | 2011 Market Facts

31

Financial Services

Real Estate

Demographics

Commuter Carbon Footprint An average of 92.3% of the population in Berkeley, Charleston and Dorchester counties drive a car, truck or van to work each day, according to the U.S. Census Bureau’s American Community Survey.

Transolutions.org says that based on an average commute distance of 30 miles round-trip, about 1 pound of CO2 is produced for each mile traveled. So, by opting to walk, bike or take public transportation to work just once a week, more than 1,500 pounds of CO2 per year can be prevented from being released into the atmosphere.

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Percentage of population driving a car, truck or van to work by county, 2008

Berkeley

92.9

Charleston

89.0

Dorchester

95.1

S.C.

92.0

U.S. Average 86.2 85

86

87

88

89

90

91

92

93

94

95

Percentage of population taking public transportation, walking or riding a bike to work, 2008

1.2

Berkeley

1.5

Charleston 0.5

Dorchester

2.7

S.C. U.S. Average

8.3 0

1

Commuting to Work Workers 16 years and older Car, truck or van – drove alone Car, truck or van – carpooled Public transportation (excluding taxicab) Walked Other means Worked at home

2

3

5

6

7

8

9

Berkeley County 77,089 63,372 7,728

Charleston County 168,296 134,152 16,429

Dorchester South County Carolina 56,617 1,955,010 47,071 1,588,576 6,146 214,621

472

2,795

146

13,403

2,254 856 2,407

4,759 4,092 6,069

587 579 2,088

36,307 31,499 70,604

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

Most Populous Counties and Incorporated Places in South Carolina, 2000 and 2010 Population Rank Population Population Change Percent 2010 2000 Geographic area 2000 2010 Number Change COUNTIES 1.........1..................Greenville............................. 379,616........ 451,225...... 71,609..........18.9 2.........2..................Richland............................... 320,677........ 384,504...... 63,827..........19.9 3.........3..................Charleston........................... 309,969........ 350,209...... 40,240..........13.0 4.........4..................Spartanburg.......................... 253,791........ 284,307...... 30,516..........12.0 5.........6..................Horry..................................... 196,629........ 269,291...... 72,662..........37.0 6.........5..................Lexington.............................. 216,014........ 262,391...... 46,377..........21.5 7.........8..................York....................................... 164,614........ 226,073...... 61,459..........37.3 8.........7..................Anderson............................... 165,740........ 187,126...... 21,386..........12.9 9.........9..................Berkeley............................... 142,651........ 177,843...... 35,192..........24.7 10.......12................Beaufort................................ 120,937........ 162,233...... 41,296..........34.1 11.......10................Aiken..................................... 142,552........ 160,099...... 17,547..........12.3 12.......11................Florence................................ 125,761........ 136,885...... 11,124............8.8 13.......15................Dorchester............................. 96,413........ 136,555...... 40,142..........41.6 14.......13................Pickens................................. 110,757........ 119,224........ 8,467............7.6 15.......14................Sumter.................................. 104,646........ 107,456........ 2,810............2.7 16.......16................Orangeburg............................. 91,582.......... 92,501........... 919............1.0 17.......21................Lancaster................................ 61,351.......... 76,652...... 15,301..........24.9 18.......20................Oconee.................................... 66,215.......... 74,273........ 8,058..........12.2 19.......19................Greenwood.............................. 66,271.......... 69,661........ 3,390............5.1 20.......18................Darlington................................ 67,394.......... 68,681........ 1,287............1.9 INCORPORATED PLACES 1.........1..................Columbia............................... 116,278........ 129,272...... 12,994..........11.2 2.........2..................Charleston............................. 96,650........ 120,083...... 23,433..........24.2 3.........3..................North Charleston................... 79,641.......... 97,471...... 17,830..........22.4 4.........6..................Mount Pleasant...................... 47,609.......... 67,843...... 20,234..........42.5 5.........5..................Rock Hill.................................. 49,765.......... 66,154...... 16,389..........32.9 6.........4..................Greenville................................ 56,002.......... 58,409........ 2,407............4.3 7.........12................Summerville........................... 27,752.......... 43,392...... 15,640..........56.4 8.........8..................Sumter.................................... 39,643.......... 40,524.......... 881............2.2 9.........9..................Hilton Head Island.................... 33,862.......... 37,099........ 3,237............9.6 10.......10................Florence..................................30,248.......... 37,056........ 6,808..........22.5 11.......7..................Spartanburg............................ 39,673.......... 37,013........ -2,660.......... -6.7 12.......11................Goose Creek........................... 29,208.......... 35,938........ 6,730..........23.0 13.......14................Aiken....................................... 25,337.......... 29,524........ 4,187..........16.5 14.......15................Myrtle Beach........................... 22,759.......... 27,109........ 4,350..........19.1 15.......13................Anderson................................. 25,514.......... 26,686........ 1,172............4.6 16.......19................Greer....................................... 16,843.......... 25,515........ 8,672..........51.5 17.......16................Greenwood.............................. 22,071.......... 23,222........ 1,151............5.2 18.......20................Mauldin................................... 15,224.......... 22,889........ 7,665..........50.3 19.......18................North Augusta.......................... 17,574.......... 21,348........ 3,774..........21.5 20.......17................Easley..................................... 17,754.......... 19,993........ 2,239..........12.6

South Carolina.................... 4,012,012......4,625,364.... 613,352..........15.3

Source: U.S. Census Bureau, 2010 Census

Summerville was one of the fastest-growing areas in the region, with a 56.4% increase in its population from 2000 to 2010. Spartanburg, meanwhile, was the only incorporated area to show a decrease in population from 2000 to 2010.

This graphic was originally featured in the 2011 Regional Economic Scorecard, produced by the Charleston Regional Development Alliance. To view the full report, scan the QR code to the left or go to: tinyurl.com/3pvfggr

Business Resources

Mean Travel Time to Work U.S. Average: 25.1 Minutes

Knoxville, Tenn.

Government

32

Lexington, Ky. Source: U.S. Census Bureau, American Community Survey

21 Minutes

32 2011 Market Facts | www.charlestonbusines s.com

Savannah

Greenville

22 Minutes

23 Minutes

Charleston

Richmond, Va.

Raleigh, N.C.

Austin, Texas

24 Minutes

25 Minutes

Jacksonville, Fla.

Demographics

Employment

Mean Annual Salary

$45,000

1,800,000

$44,000

1,600,000

$43,000

1,400,000

$42,000

1,200,000

$41,000

1,000,000

$40,000

800,000

$39,000

600,000

$38,000

400,000

$37,000

200,000

$36,000

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2,000,000

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Source: U.S. Bureau of Labor Statistics, May 2010, All Occupations

Dorchester County 122,442 118,117 116,446 62,292 54,154

South Carolina 4,416,867 4,222,886 4,183,574 2,658,414 1,525,160

2,202

3,497

1,671

39,312

7,458

17,266

4,325

193,981

Language Spoken at Home

Charleston, North/ 275,420 Charleston Columbia 331,480 Greenville 287,180 Spartanburg 111,690 50,000 100,000 150,000 200,000 250,000 300,000 350,000

Mean Annual Salary by Metro Area Dorchester County 113,812 108,171 5,641 2,888

South Carolina 4,119,061 3,864,127 254,934 157,206

Anderson $35,920

Spartanburg $38,750

5,792

1,492

55,748

2,127

3,175

1,201

32,769

373

467

60

9,211

Source: U.S. Census Bureau, 2005-2009 American Community Survey

Columbia $40,340 Greenville $39,110

$0

33

$10,000

$20,000

$30,000

$40,000

Government

1,958

Charleston, North/ $39,960 Charleston

Business Resources

Population 5 and older English only Language other than English Spanish Other Indo-European languages Asian and Pacific Islander languages Other languages

Anderson 55,530

0

Source: U.S. Census Bureau, 2005-2009 American Community Survey

Berkeley Charleston County County 151,531 321,903 142,067 301,817 9,464 20,086 5,006 10,652

Employment by Metro Area

Medical & Health Care

Charleston County 345,714 328,448 324,951 188,882 136,069

Occupational Employment and Wage Estimates â&#x20AC;&#x201C; Regional Comparison

Hospitality & Tourism

Total population Native Born in United States Born in state of residence Born in different state Born in Puerto Rico, U.S. Island areas, or born abroad to American parent(s) Foreign-born

Berkeley County 163,328 155,870 153,668 88,314 65,354

Import/export & distribution

Place of Birth

Real Estate

Occupational Employment and Wage Estimates â&#x20AC;&#x201C; State Comparison

Source: U.S. Bureau of Labor Statistics, May 2010

www.charlestonbusiness.com | 2011 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

Boeing Plant (Photo/ Matt Tomsic)

Employment & Economic Development

J

obless rates, which were a lagging indicator of the recession in 2008 and 2009, have bounced back in Berkeley and Dorchester counties. Charleston County, which had a lower rate than most counties in the state throughout the recession, has seen unemployment numbers remain fairly consistent over the past two years.

Economic development announcements, including expansion of existing industries and regional site selection by new companies, continue to be a hallmark of the region.

The Boeing Co.’s opening of the 787 Dreamliner final assembly plant this year will add to the company’s holdings in North Charleston — currently four manufacturing sites — and has led to interest from suppliers for the aerospace giant.

Defense Department contracts continue to be a huge economic driver for the Charleston region, with Space and Naval Warfare Systems Command employing 3,500 civilian workers in the Charleston area and providing work for 9,000 defense contractors in the region. SPAWAR’s $2.6 billion economic impact in South Carolina comes from $5 billion in contracts the agency works on or awards annually.

Manufacturing remains central to the employment base in the Charleston region, along with military installations such as Joint Base Charleston; health care institutions such as the Medical University of South Carolina, Roper St. Francis Healthcare and Trident Health System; and area school districts.

This section is sponsored by:

Government

34

34 2011 Market Facts | www.charlestonbusines s.com

Unemployment Rates – Regional Comparison.................................... 36 Fastest-growing Occupations – Charleston Region........................................ 36 Wages by Occupation – Charleston Region........................................ 36 Largest International Employers.................... 37 Nonagricultural Employment

by Industry, Charleston Region...................... 37 Largest Manufacturing Employers................. 38 Largest Distribution Employers..................... 38 Largest Employers........................................ 39 Nonprofit Sector: Income and Expenses for Nonprofits in Various Sectors......................................................... 40

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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

Unemployment Rates – 2006

– 2007

– 2008

– 2009

– 2010 Regional Comparison

Prior to the economic downturn, S.C. had the highest unemployment rate among comparative states

12% Financial Services

County Comparison

11%

Virginia’s unemployment is the lowest among comparative states.

10%

Demographics

8%

Employment & Economic development

9%

5%

7% 6%

4% 3% 2%

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

1% 0%

Alabama

Florida

Georgia

North Carolina

South Carolina

Tennessee

Fastest-growing Occupations – Charleston Region

Berkeley

Charleston

Dorchester

Wages by Occupation (Charleston MSA, 2010)

Estimated % growth over next 5 years

Architect Support/Drafting 136%

Website Developer 124%

Network Administrator (IT)

122%

General Mechanic 110%

Production Engineer 99%

Mechanical Engineer 88%

Information Technology Support

86%

82%

Quality Control Technician

Computer Programmer 78%

Process/Production Operator 75%

Registered Nurse 68%

Commercial Driver 67%

Customer Service Representative 61%

Engineering Technician

61% 140

120

100

80

60

40

Business Resources

U.S.

Source: U.S. Bureau of Labor Statistics

Operations Manager/Supervisor 67%

Source: Opportunity Next Regional Workforce Survey

36

This graphic was originally featured in the 2011 Regional Economic Scorecard, produced by the Charleston Regional Development Alliance.

To view the full report, scan the QR code to the left or go to: tinyurl.com/3pvfggr

36 2011 Market Facts | www.charlestonbusines s.com

Occupation Title Annual Median Wage Management $95,010 Legal $84,140

Healthcare Practitioners & Technical $66,920

Architecture & Engineering $66,420

Life, Physical & Social Science $63,230

Computer & Mathematical $62,730

Business & Financial Operations $60,020 Arts, Design, Entertainment, Sports & Media $45,260

Education, Training & Library $43,800

All Occupations $39,960

Installation, Maintenance & Repair $39,570

Community & Social Services $37,250

Construction & Extraction $36,290 Production $35,850

Protective Service $34,170

Sales & Related $31,680

Office & Administrative Support $31,380

Transportation & Material Moving $29,950

Farming, Fishing & Forestry* $26,374

Health care Support $26,370

Personal Care & Service $24,450 Building & Grounds Cleaning / Maintenance $22,830

Food Preparation & Serving Related $21,000 Source: U.S. Bureau of Labor Statistics, May 2010 *2008 Wage estimate. 2010 estimate not released.

$100K $90K $80K $70K $60K $50K $40K $30K $20K $10K $0K

Government

Virginia

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

Financial Services

Finnish Kemira Chemicals Inc. – 65 Danish Maersk Line – 75 Austrian Leinweber Maschinen GmbH – 5

Spanish Giant Cement Holding Inc. – 250

Japanese Showa Denko Carbon Inc. – 210 Asahi Kasei Spandex America Inc. – 170 Sun Chemical – 160 Chinese Garden Zone LLC – 35

Italian Strand-Tech Martin Inc. – 40

United Arab Emirates Jafza Americas – 10

Greek Thrace-Linq Inc. – 60

Taiwanese Evergreen Shipping Agency (America) Corp. – 50

Education

Chilean Briggs Industries – 60

Nonagricultural Employment by Industry, Charleston Region Total employment, 2010

12,200 14,000

10%

TOTAL 283,200

0%

32,700

53,200

Other Services

-10% -20%

Business Resources

Financial Activities

20%

20,800

Manufacturing Natural Resources, Mining & Construction

30%

58,700

Medical & Health Care

Education & Health Services

5,100

Hospitality & Tourism

10,600

Trade, Transportation & Utilities

Leisure and Hospitality

% Change in total employment 2000-2010 40%

Government

Import/export & distribution

South African Pegasus Steel – 85

Professional & Business Services

Employment & Economic development

Swiss Mediterranean Shipping Co. (USA) – 225 ADT Security Services – 115

Russian Delfin USA – 170

Demographics

British Cummins Turbo Technologies – 700 BAE Systems – 575 Charleston Place – 415 VT Milcom – 250 BP – 225

Mexican DAK Americas – 250

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

Swedish SKF Aero Bearing – 75 Venture Aerobearings LLC – 45

Dutch Digital Lifestyle Outfitters – 75

Canadian Gildan Activewear – 250 Welded Tube - Berkeley – 60

Largest International Employers, Charleston S.C. MSA

Real Estate

French Hagemeyer North America – 200 Rhodia – 125 Lafarge North America – 110 Zodiac of North America – 100

German Robert Bosch LLC – 1,475 Behr Heat Transfer Systems Inc. – 230 Getrag Precision Gear – 200 IFA Rotorion North America LLC – 200 Linde Material Handling N.A. – 115 Daimler Vans Manufacturing LLC – 100 Lanxess Corp. – 100 Berchtold Corp. – 95 Syn Strand Inc. – 80

Information

Source: U.S. Bureau of Labor Statistics

40,800

-40%

www.charlestonbusiness.com | 2011 Market Facts

73

Government

-30%

35,200

37

Connect with the Best Local Job Candidates.

Product

Boeing Charleston

Aircraft manufacturing

3,000

Robert Bosch LLC

Antilock brake systems, fuel injection

1,475

Force Protection Inc.

Mine-protected vehicles, military class vehicles

1,300

Why use SCJobMarket.com?

Nucor Steel

Steel roll and steel beam manufacturing

900

KapStone Paper and Packaging Corp.

Paper, packaging, forest products

850

SCJobMarket.com is a South Carolina based Internet recruiting web site devoted to connecting local candidates with local employers.

Cummins Turbo Technologies

Turbocharger and air compressor manufacturing

700

Alcoa Mt. Holly

Primary aluminum ingot; aluminum smelting

600

BAE Systems

Electronic security and communications systems design, manufacturing and integration

575

Detyens Shipyards Inc.

Shipyard; general ship repairs and modifications

500

CR Bard Inc.

Medical products â&#x20AC;&#x201C; specialty catheter manufacturing

465

MeadWestvaco Corp.

Diverse portfolio of specialty chemical products, community development, forest management

350

J.W. Aluminum

Aluminum foil and sheet products

345

Caterpillar Remanufacturing Powertrain Services

Automobile transmission remanufacturing

325

American LaFrance

Heavy duty work truck manufacturing

300

DAK Americas

Polyethylene terephthalate resin

250

AAI Corp.

Software/hardware design and production; flight simulators

250

Hill-Rom Inc.

Specialty medical equipment

250

VT Milcom

Engineering, IT and technical services, fabrication and assembly

250

Albany International

Paper machine press fabrics (felts)

240

Behr Heat Transfer Systems Inc.

Engine cooling system manufacturing

230

Brought to you by the publisher of the Charleston Regional Business Journal, Columbia Regional Business Report, GSA Business and SC BIZ Magazine.

Import/export & distribution

Employees

Hospitality & Tourism

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

Medical & Health Care

Charleston MSA Largest Distribution Employers (2010)

Business Resources Government

38

Charleston MSA Largest Manufacturing Employers (2010) Company

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

For more information, call 843.849.3104 or visit www.SCJobMarket.com

38 2011 Market Facts | www.charlestonbusines s.com

Company

Product

Employees

Gildan Activewear

Import and distribution of apparel to retailers; retail division administration operations

250

Quoizel Inc.

Distribution of decorative lighting products

225

Pearlstine Distributors

Beer distributor

215

Piggly Wiggly Distribution Center

Grocery products distribution center

200

DiMare Johns Island Inc.

Wholesale ornamental nursery products distribution

200

Fruit of the Loom Palmetto Distribution Center

Undergarments

200

Hagemeyer North America

Electrical/industrial equipment and tools distribution

200

Kinder Morgan

Cement import and distribution

145

UTi Integrated Logistics

Warehousing, distribution, logistics services

140

Linde Material Handling N.A.

Distribution of industrial and commercial machinery

115

Moulton Logistics Management Direct response order fulfillment

100

TBC Corp. East Coast Distribution Center

100

Distribution of automotive replacement tires on the East Coast

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

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 Real Estate

Largest Employers, Charleston MSA â&#x20AC;&#x201C; Private Sector 22,000

â&#x20AC;&#x201C; Public Sector

22,000

18,000 16,000 14,000

11,000

(Photo/U.S. Navy photo/Jennifer Hudson)

10,000 8,000

Demographics

12,000

Financial Services

Joint Base Charleston, which was created Oct. 10, 2010, when the Naval Weapons Station and the Air Force Base merged into one military team, is the largest employer in the area. Prior to the merger, the Naval Weapons Station was the top employer in the area, employing 13,000. Together they have 49 installation support functions, such as food services, legal support and law enforcement. The installation includes 23,777 acres, 37 square miles, 16 miles of shoreline, 38 miles of rail, three miles of runways, 56 C-17s and 53 tenant organizations.

20,000

6,000 4,800

4,000 2,000

3,650

3,000

3,000

2,800

2,500

2,300

2,150

1,900

1,800

1,800

1,500

1,475

1,350

1,300

1,270

1,200

1,200

1,150

les al ton U So ni uth ve Ch Ca rsity ar rol of l Sc esto ina ho n C o Ro l Di oun pe str ty r S ict He t. Fr a Be alth nci rk car s Sc ele e ho y C ol ou Di n Bo str ty ein g C ict ha rle sto JE M n Re s t Do Gro aur r u a Sc ches p Inc nt ho te . ol r C Di ou s n Tri trict ty de 2 nt H Wa Sy eal ste th lm ar m tS tor Ch es ar Inc les .

Go ton C ve ou rn n m t Ca Pig en y ro gly t lin W a C ig Cit g y o o In ly c. fC ha rle sto n

Ch ar

dic

se

Me

Ba int Jo

SA I Pu Even C bli in sh g P ing os Ro be Co t rt .

Bo sc hL LC BiLo Fo St rce or es Pr ote cti Co on lle Inc ge . of Ch ar les ton Sa nte eC oo U. S. pe Po r sta lS er vic e Bla ck ba ud Inc .

Import/export & distribution

Source: Center for Business Research, Charleston Metro Chamber of Commerce, October 2010

Education

0

Employment & Economic development

7,200

Hospitality & Tourism Medical & Health Care Business Resources Government

93

www.charlestonbusiness.com | 2011 Market Facts

39

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

Income and Expenses for Nonprofits in Various Sectors Ranked by Revenues Year of Report Arts and Cultural Organizations Spoleto Festival USA Inc. 2010 Historic Charleston Foundation 2009 Charleston Symphony Orchestra 2009 Distinctively Charleston Food & Wine 2010 Festival Inc. The Charleston Museum 2009 S.C. Maritime Heritage Foundation 2009 Gibbes Museum of Art 2010 American College of the Building Arts 2009 Charleston Stage Co.pany Inc. 2010 Friends of the Hunley Inc. 2009 Educational Organizations Charleston Southern University 2010 James Island Charter High School 2010 Ashley Hall Foundation 2010 The Citadel* Pinewood Preparatory School 2010 Orange Grove Elementary Charter School 2010 Charleston Day School 2010 College of Charleston* 2010 Porter-Gaud School 2009 Mason Preparatory School 2010 Animals and Environment South Carolina Aquarium 2009 S.C. Coastal Conservation League 2009 Charleston Animal Society 2009 Humane Net 2009 International Primate Protection League 2009 Pet Helpers 2009 Southeastern Wildlife Exposition Inc. 2010 Kiawah Island Natural Habitat 2009 Conservancy Doc Williams SPCA in Berkeley County 2008 Center for Birds of Prey 2009 Health care Roper St. Francis Hospital* MUSC* Franklin C. Fetter Family Health Center Inc. 2010 St. James Santee Rural Health Program 2010 Sea Island Medical Center 2007 Lowcountry AIDS Services 2009 Ronald McDonald House Charities of 2009 Charleston Inc. Hospice of Charleston Inc. 2010 Barrier Islands Free Medical Clinic 2009 Association for the Blind 2010

Government

40

40 2011 Market Facts | www.charlestonbusines s.com

Income

Program Administrative

Expenses

Assets

Liabilities

$7,991,330 $3,218,037 $2,581,197 $2,159,044

$4,737,902 $3,109,336 $2,112,491 $1,705,270

$1,519,072 $296,482 $425,064 $229,150

$7,346,579 $3,632,542 $2,562,875 $2,089,474

$14,418,932 $18,798,688 $414,774 $248,004

$2,293,372 $2,296,020 $343,238 $27,938

$1,861,035 $1,851,806 $1,577,779 $1,475,061 $1,168,794 $1,165,778

$1,326,682 $1,781,303 $1,113,686 $2,083,956 $828,440 $695,571

$676,942 $274,089 $281,737 $508,918 $180,425 $327,654

$2,003,624 $2,233,711 $1,584,342 $2,699,142 $1,189,823 $1,165,778

$16,443,900 $4,356,860 $2,825,122 $2,087,254 $140,095 $1,713,236

$94,653 $2,416,289 $160,436 $4,088,325 $667,864 $688,935

$66,262,564 $13,392,164 $12,592,012 $9,827,963 $6,942,068 $6,097,880 $5,242,630 $4,873,609 $4,134,156 $3,163,999

$51,478,092 $8,497,989 $9,741,316 $10,374,663 $4,636,253 $5,356,227 $2,134,685 $4,443,992 $2,904,075 $2,478,576

$8,321,379 $4,789,183 $2,236,658 $1,140,905 $2,538,875 $850,229 $862,522 $447,268 $1,297,144 $695,275

$60,468,293 $88,720,027 $13,287,172 $5,277,575 $12,767,823 $43,548,763 $14,972,320 $1,463,462,470 $7,375,551 $10,799,628 $6,206,456 $1,112,618 $3,212,370 $8,080,644 $5,418,478 $73,999,425 $4,201,219 $5,858,199 $3,227,467 $5,520,850

$29,891,863 $3,974,710 $27,219,622 $9,166,373 $8,084,224 $65,374 $997,636 $2,477,883 $5,946,448 $797,848

$8,731,086 $3,169,604 $2,876,670 $2,198,400 $1,333,546 $1,265,208 $1,162,247 $602,838

$5,293,196 $1,835,405 $2,267,498 $1,680,827 $973,267 $1,192,679 $987,690 $595,831

$1,356,648 $363,527 $241,291 N/A $133,079 $140,318 $312,667 $47,664

$7,003,850 $2,528,001 $2,660,234 $1,680,827 $1,121,710 $1,403,151 $1,302,357 $736,582

$5,553,974 $9,529,760 $14,259,134 $30,363 $4,259,033 $5,899,197 $83,849 $1,532,994

$3,819,593 $109,234 $3,701,087 N/A $29,486 $2,431,704 $289,415 $453,819

$583,461 $580,446

$638,532 $581,278

$67,836 $217,244

$706,368 $837,322

$116,070 $6,265,556

$14,264 $1,668,935

$744,536,292 $279,828,167 $8,191,009 $2,320,177 $1,730,506 $1,398,663 $1,263,362

$565,796,448 $243,061,182 $5,064,615 $1,349,731 $1,280,480 $1,144,959 $734,220

$115,674,036 $26,111,117 $3,636,032 $848,018 $233,730 $33,624 $90,104

$682,310,452 $270,684,383 $8,700,647 $2,197,749 $1,514,210 $1,217,464 $949,816

$849,303,740 $566,683,095 $3,355,325 $1,373,635 $429,517 $1,096,545 $3,674,684

$74,571,736 $232,827,858 $1,644,960 $130,579 $236,327 $108,900 $17,922

$753,707 $605,348 $512,874

$181,505 $477,712 $458,523

$610,679 $78,815 $56,786

$814,516 $613,316 $584,057

$5,527,341 $476,876 $5,466,132

$3,659,868 $5,000 $14,698

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

Income

Program Administrative

Expenses

Assets

Liabilities

$1,485,322 $7,843,809 $15,461,049 $3,569,719 $3,861,626 $859,235 $1,285,544

N/A $4,269,557 $4,840,239 $2,469,990 $4,635,487 $140,312 $893,591

$528,434 $502,671

$214,820 $312,202

$44,668 $31,438

$260,077 $343,640

$310,879 $1,179,010

$25,199 $648,089

$414,788

$293,011

$43,202

$336,213

$1,413,390

$430,110

$28,104,539 $23,456,742 $9,195,545 $8,961,812 $3,664,481 $3,563,116 $3,454,193 $3,450,846 $3,301,398 $3,285,658

$24,078,906 $21,252,943 $8,544,564 $8,813,616 $3,459,200 $3,142,339 $2,659,065 $2,706,273 $2,740,535 $2,881,015

$3,077,560 $530,533 $572,948 $104,181 $491,162 $569,796 $879,425 $190,647 $218,382 $358,999

$27,191,037 $22,313,184 $9,117,512 $8,917,797 $4,159,976 $4,067,335 $3,538,490 $3,159,294 $2,978,917 $3,292,919

$32,478,171 $10,078,159 $2,906,753 $4,998,841 $6,359,836 $10,927,928 $640,369 $2,596,185 $17,526,954 $486,752

$26,081,272 $3,987,158 $2,072,683 $876,544 $317,740 $4,333,000 $6,851 $796,156 $15,746,770 $274,146

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Import/export & distribution

NA=Not Available. *Data not directly comparable because several nonprofits combined under single organization Source: Guidestar. Data compiled and provided by the Coastal Community Foundation.

Education

$4,043,128 $372,654 $813,938 $1,201,373 $839,766 $696,225 $652,304

Employment & Economic development

$28,128 $31,094 $73,499 $130,154 $28,092 $46,321 $13,585

Demographics

$4,015,000 $332,398 $740,439 $1,071,219 $811,674 $649,904 $638,719

Financial Services

$4,753,106 $1,438,068 $1,359,130 $1,343,439 $825,243 $681,768 $598,357

Real Estate

Ranked by Revenues Year of Report Neighborhood Improvement Organizations Save the Light 2008 Lowcountry Housing Trust 2009 Humanities Foundation 2009 Episcopal Diocese 2009 Ansonborough Housing Corp.

2009 Metanoia 2009 Lowcountry Housing and Economic 2009 Development Sustainability Institute 2009 Charleston Area Community 2009 Development Corp.

Jewish Community Center Housing Corp.

2009 Human Services Organizations Goodwill Industries of Lower S.C. Inc. 2009 Lowcountry Food Bank Inc. 2009 Charleston County Human Services 2009 Berkeley Citizens Inc. 2010 Carolina Youth Development Center 2010 Summerville YMCA 2009 Public Defender of Charleston County 2008 Crisis Ministries 2010 Family Services Inc. 2008 Trident Area Agency on Aging 2010

Medical & Health Care Business Resources

/,(3;/ *(9,

/,96,: Call our Staff at 843-723-3635

CoastalCommunityFoundation.org

For information about event sponsorships, call Kathy Allen at 843.849.3113. www.charlestonbusiness.com | 2011 Market Facts

Government

14

41

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

P

ublic school districts continue to have a large impact on the Charleston-area economy, as they are some of the largest employers and typically do significant amounts of business locally. Charleston County School District is the largest in the region, with more than 42,000 students and 76 schools. The smallest district in the region, Dorchester 4 School District, has only five schools but spends the most per pupil and has the highest average teacher salary in the tri-county region.

All the region’s school districts have received an “average” rating, except Dorchester County School District 2, which received a “good” rating.

Among higher education institutions based in the Charleston area, Trident Technical College saw enrollment skyrocket during the recession, going from a little less than 13,000 in 2008 to nearly 15,000 in 2009. The College of Charleston also has seen significant growth in the past two years, with nearly 12,000 students.

Enrollment at The Citadel has stayed about the same, and Charleston Southern University’s and the Medical University of South Carolina’s student populations have crept up slightly in the past year.

The Charleston area continues to be the most well-educated population in the state, with more than 86% of residents older than 25 holding at least a high school diploma, according to the U.S. Census Bureau.

This section is sponsored by:

Government

42

42 2011 Market Facts | www.charlestonbusines s.com

At a Glance: Charleston Region Public Schools................................. 44 Annual School Report Card......................... 44 Charleston Region PASS Performance......... 44 Charleston Region Enrollment by Grade................................... 44 Annual Dropout Rates................................. 44 10-Year Analysis of Total Headcount Enrollment................................. 46 Percent of Population 25 and Older with a High School Diploma or Higher......... 46 Statewide Scholarship Award Amount Totals 2007-08 Academic Year (Fall, Winter, Spring and Summer)............... 47 Tuition Costs for Charleston Region Colleges and Universities (Full-Time Undergraduate Students)............ 47 Average Total Contracted Salary for Classroom Teachers in S.C..................... 48 Percentage of Residents with a Bachelor’s Degree....................................................... 48 College Admissions Tests for Charleston Region School Districts – SAT..................... 49 10-Year Summary of Degrees Awarded....... 49

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

Charleston Region PASS Performance

At a Glance: Charleston Region Public Schools Berkeley County School District Anthony L. Parker, Superintendent 229 E. Main St. Moncks Corner, SC 29461 Phone................................843-899-8600 www.berkeley.k12.sc.us Number of students.......................28,183 Number of schools................................38 Number of magnet schools.....................3 Number of charter schools......................0 Dollars spent per pupil...................$8,476 Average administrator salary.......$79,295 Average teacher salary................$46,971 Charleston School District Nancy J. McGinley, Superintendent 75 Calhoun St. Charleston, SC 29401 Phone................................843-937-6319 www.ccsdschools.com Number of students.......................42,016 Number of schools................................76 Number of magnet schools...................22 Number of charter schools......................8 Dollars spent per pupil...................$9,451 Average administrator salary.......$76,773 Average teacher salary................$45,692

Berkeley 99.3% 34.1% 35.0% 30.9%

Charleston Dorchester 2 Dorchester 4 98.0% 99.70% 99.30% 24.5% 18.5% 34.1% 32.0% 33.1% 35.0% 43.5% 48.4% 30.9%

99.4% 37.6% 36.1% 24.7%

99.9% 28.3% 35.5% 36.1%

99.90% 57.6% 26.0% 16.3%

99.40% 37.6% 37.7% 24.7%

98.4% 41.5% 42.0% 16.5%

99.7% 32.6% 43.0% 24.4%

99.60% 25.3% 48.4% 26.3%

98.40% 41.5% 42.0% 16.5%

97.7% 28.6% 46.0% 25.4%

99.7% 26.2% 37.1% 36.7%

99.70% 21.2% 40.8% 37.9%

97.70% 28.6% 46.0% 25.4%

Dorchester 4 School District Jerry G. Montjoy, Superintendent 500 Ridge St. St. George, SC 29477 98.7% 98.9% 98.90% 98.70% Phone................................843-563-4535 www.dorchester4.k12.sc.us 32.1% 25.0% 17.1% 32.1% Number of students.........................2,223 42.0% 35.1% 39.6% 42.0% Number of schools..................................5 25.9% 39.9% 43.3% 25.9% Number of magnet schools.....................5 Number of charter schools......................0 Source: 2010 S.C. Education Accountability Act Report Cards, S.C. Department of Education Dollars spent per pupil.................$11,738 Average administrator salary.......$80,198 Enrollment by Grade 2010-2011 Average teacher salary................$47,676 Grade Berkeley Charleston Dorchester 2 Dorchester 4 S.C. K 2,170 3,612 1,629 173 54,274 Source: 2010 S.C. Education Accountability Act Report Cards, S.C. Department of Education 1 2,406 3,667 1,727 169 53,658 2010 Annual School Report Card 2 2,283 3,435 1,727 167 53,658 3 2,211 3,407 1,672 172 53,930 (Ratings over a five-year period) 4 2,297 3,341 1,835 157 55,427 Berkeley County School District Dorchester 2 County School District 2,325 3,306 1,814 180 55,777 Absolute Rating 5 Year Absolute Rating Year 2010...........................................Average 2010................................................Good 6 2,164 3,090 1,818 139 54,779 2009............................................ At-Risk 2009.................................Below Average 7 2,071 3,140 1,740 163 54,181 2008................................................Good 2008..........................................Excellent 8 2,143 2,899 1,706 129 52,859 2007.................................Below Average 2007............................................ At-Risk 2,049 3,570 1,736 174 62,126 2006.................................Below Average 2006............................................ At-Risk 9 10 2,180 3,084 1,710 193 54,796 Dorchester 4 County School District Charleston County School District 11 2,310 2,769 1,842 165 48,855 Absolute Rating Year Absolute Rating Year 12 1,778 2,674 1,386 119 44,733 2010...........................................Average 2010...........................................Average 28,386 41,992 22,340 2,101 700,565 2009............................................ At-Risk 2009............................................ At-Risk Total 2008..........................................Excellent 2007...........................................Average 2006............................................ At-Risk

Excellent – School performance substantially exceeds the standards for progress 44 toward the 2020 S.C. Performance Vision.

Government

Dorchester 2 School District Joseph R. Pye, Superintendent 102 Green Wave Blvd.

Summerville, SC 29483 Phone................................843-873-2901 www.dorchester2.k12.sc.us Number of students.......................22,047 Number of schools................................20 Number of magnet schools.....................0 Number of charter schools......................0 Dollars spent per pupil...................$8,106 Average administrator salary.......$79,613 Average teacher salary................$45,426

English/Lang. Arts Percentage Tested Not Met Met Exemplary MathEmatics Percentage Tested Not Met Met Exemplary Science Percentage Tested Not Met Met Exemplary Social Studies Percentage Tested Not Met Met Exemplary Writing Percentage Tested Not Met Met Exemplary

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

2008..........................................Excellent 2007............................................ At-Risk 2006............................................ At-Risk

Source: S.C. Department of Education

Dropout Rate for S.C. Grades 9-12

4% Below Average – School is in jeopardy of not meeting the standards for progress 3% toward the 2020 S.C. Performance Vision.

2%

At-Risk – School performance fails to meet the standards for progress toward the 2020 S.C. Performance Vision.

Source: 2010 S.C. Education Accountability Act Report Cards, S.C. Department of Education

44 2011 Market Facts | www.charlestonbusines s.com

3.8%

3.9%

3.4%

2.9%

1% 0% 2006-2007

2007-2008

Source: S.C. Department of Education

2008-2009

2009 -2010

College Admission Tests for Charleston Region School Districts - ACT School District English Math Reading Science Total

2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 Berkeley County 18.2 18.2 19.2 19.3 19.3 19.2 19.4 19.5 19.1 19.2 Charleston County 20.1 19.6 20.6 20.1 20.8 20.2 20.4 20.2 20.6 20.1 Dorchester 2 21.3 20.0 21.9 21.1 22.0 20.9 21.6 20.9 21.8 20.8 Dorchester 4 14.5 15.3 15.7 16.8 15.7 16.5 16.6 17.0 15.8 16.6 South Carolina 18.9 18.8 19.9 20 19.7 19.7 19.7 19.8 19.7 19.7 Nation 20.6 20.5 21 21 21.4 21.3 20.9 20.9 21.1 21 Source: 2010 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

10-Year Analysis of Total Headcount Enrollment in Regional Colleges and Universities

6,000

Medical University of SC

The Citadel

The Citadel

College of Charleston

College of Charleston

Trident Technical College

Trident Technical College Metro Area

Charleston Southern University

Atlanta. ..........................

86.5.......... 34.0 Limestone College

Limestone College

Southern Wesleyan University Charleston.................86.8.........29.0

Southern Wesleyan University

Charlotte........................ 85.9.......... 31.7

Charleston Southern University

Columbia....................... 86.4.......... 29.9

4,000

Greenville...................... 81.6.......... 26.4 Orlando, Fla................... 87.0.......... 27.3 2,000

Savannah...................... 86.8.......... 26.5 United States................. 84.6.......... 27.5 South Carolina............... 82.2.......... 23.5

00 Fall '00 Fall ’00

Fall ’01 '01 Fall

Fall '02 Fall ’02

Fall '03 Fall ’03

Fall ’04 '04 Fall

Fall '05 Fall ’05

Source: 2010 S.C. Higher Education Statistical Abstract Fall '06

Fall '07

Fall '08

Fall '09

Medical & Health Care

Hospitality & Tourism

Fall '05

Business Resources Government

Percentage of Population 25 and Older with a High School Diploma or Higher Medical University of SC

8,000

Fall '04

46

December 2007 Start of the recession

12,000 12,000

Education Import/export & distribution

May 2006 Johnson & Wales closes Charleston campus

% Bachelor’s Degree or Higher

10,000 10,000

January 2002 S.C. Education Lottery begins

% High School Diploma or Higher

14,000 14,000

Employment & Economic development

Financial Services

16,000 16,000

Demographics

Real Estate

E d u c at i o n

Founded in 1770, South Carolina’s premier public liberal arts and sciences university has a history of providing futures.

Today we offer 120 majors and minors in the liberal arts and sciences, a 16:1 student to faculty ratio, in-state tuition for S.C. residents, and our beautiful downtown campus.

It’s a historic opportunity. Take advantage of it.

46 2011 Market Facts | www.charlestonbusines s.com

CofCForMe.com

Fall ’06 '06 Fall

Fall ’07 '07 Fall

Fall '08 Fall ’08

Fall ’09 '09 Fall

Source: U.S. Census Bureau 2005-2009 American Community Survey

E d u c at i o n

Legislative Incentives for Future Excellence scholarship 31,004 awards $150,595,333 total

* Includes spring tuition increase where applicable. ** Includes pharmacy, nursing and health professions only. *** Meals per week not available.

Need-based grants 28,051 awards $26,989,583 total

Education

S.C. Hope Scholarship 2,724 awards $7,037,260 total

Palmetto Fellows Scholarship 5,590 awards $44,035,892 total

Employment & Economic development

Source: 2009-2010 Academic Year S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education

Demographics

Out-of- Dormitory/ In-State* State* Board*** Per Academic Year â&#x20AC;&#x201C; Public Colleges and Universities Medical University of South Carolina** $11,078 $25,388 N/A The Citadel $8,950 $22,545 $5,965 College of Charleston $8,988 $21,846 $9,411 Trident Technical College $3,450 $6,532 N/A Per Academic Year â&#x20AC;&#x201C; Independent Colleges and Universities Charleston Southern University $19,278 $19,278 $7,394 Limestone College $18,300 $18,300 $6,800 Southern Wesleyan University $18,700 $18,700 $7,800

Financial Services

Lottery tuition assistance program 45,628 awards $47,641,997 total

Tuition Costs for Charleston Region Colleges and Universities (Full-time Undergraduate Students)

Real Estate

Statewide Scholarship Award Amount Totals 2008-09 Academic Year

Total: 112,997 awards, $276,300,065

Import/export & distribution

Source: 2010 S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education

Hospitality & Tourism Medical & Health Care Business Resources Government

74

www.charlestonbusiness.com | 2011 Market Facts

47

Hampton 2.....................$45,172........ 59

Aiken.............................$46,823........ 43

Horry.............................$50,256.......... 8

Allendale.......................$40,195........ 86

Jasper...........................$47,709........ 29

Anderson 1....................$47,482........ 35

Kershaw........................$48,319........ 21

Anderson 2....................$47,878........ 26

Lancaster......................$47,198........ 39

Anderson 3....................$45,206........ 58

Laurens 55....................$45,610........ 53

Anderson 4....................$47,616........ 32

Laurens 56....................$46,902........ 42

Anderson 5....................$46,352........ 46

Lee................................$41,234........ 84

Bamberg 1.....................$44,572........ 61

Lexington 1....................$48,631........ 17

Bamberg 2.....................$43,864........ 67

Lexington 2....................$48,738........ 16

Barnwell 19...................$40,539........ 85

Lexington 3....................$47,769........ 28

Barnwell 29...................$43,690........ 68

Lexington 4....................$42,632........ 76

Barnwell 45...................$47,892........ 25

Lexington 5............... $51,504......... 1

Beaufort........................$49,302........ 10

Marion 1........................$43,365........ 72

Berkeley........................$46,971........ 40

Marion 2........................$44,333........ 62

Calhoun.........................$47,477........ 36

Marion 7........................$42,305........ 78

Charleston.....................$45,692........ 50

Marlboro........................$42,284........ 79

Cherokee.......................$47,991........ 23

McCormick....................$44,039........ 66

Chester..........................$47,521........ 34

Newberry.......................$44,925........ 60

Chesterfield...................$45,791........ 49

Oconee..........................$47,373........ 38

Clarendon 1...................$41,846........ 82

Orangeburg 3................$48,567........ 18

Clarendon 2...................$43,509........ 71

Orangeburg 4................$47,448........ 37

Clarendon 3...................$45,223........ 57

Orangeburg 5................$48,885........ 14

Colleton.........................$43,601........ 70

Pickens..........................$47,923........ 24

Darlington......................$45,808........ 47

Richland 1.....................$50,593.......... 6

Dillon 1..........................$41,695........ 83

Richland 2.....................$50,531.......... 7

Dillon 2..........................$44,307........ 64

Saluda...........................$42,143........ 80

Dillon 3..........................$43,113........ 73

S.C. Public Charter.... $37,564....... 87

Dorchester 2..................$45,426........ 56

Spartanburg 1................$48,810........ 15

Dorchester 4..................$47,676........ 30

Spartanburg 2................$47,862........ 27

Edgefield.......................$45,793........ 48

Spartanburg 3................$50,802.......... 3

Fairfield.........................$45,609........ 54

Spartanburg 4................$48,411........ 19

Florence 1.....................$47,611........ 33

Spartanburg 5................$49,058........ 12

Florence 2.....................$43,669........ 69

Spartanburg 6................$48,942........ 13

Florence 3.....................$42,683........ 75

Spartanburg 7................$50,708.......... 5

Florence 4.....................$45,666........ 51

Sumter 17.....................$44,151........ 65

Florence 5.....................$47,673........ 31

Sumter 2.......................$44,309........ 63

Georgetown...................$48,373........ 20

Union.............................$45,626........ 52

Greenville......................$46,593........ 44

Williamsburg..................$42,039........ 81

Greenwood 50...............$46,954........ 41

York 1............................$49,588.......... 9

Greenwood 51...............$42,853........ 74

York 2............................$50,728.......... 4 York 3............................$49,216........ 11

Hampton 1.....................$45,531........ 55

York 4............................$51,188.......... 2

Government

48 Greenwood 52...............$48,025........ 22

Source: S.C. Department of Education

1980 –

1990 –

2009 –

39%

36%

33%

30%

27%

24%

21%

18%

15%

12%

9%

6%

3%

0%

Source: Chronicle of Higher Education

48 2011 Market Facts | www.charlestonbusines s.com

2000 –

U.S. Average

Abbeville........................$46,463........ 45

1940 –

Statewide

District Salary Rank

Aiken

District Salary Rank

Percentage of Residents with Bachelor’s Degrees (By county, rounded to nearest whole point)

Greenville

Average

e

Richland

$47,508 Statewi d

Beaufort

Average Annual Contracted Salary for Classroom Teachers 2009-2010

Charleston

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Financial Services

Real Estate

E d u c at i o n

E d u c at i o n

School District Berkeley County Charleston County Dorchester 2 Dorchester 4 South Carolina United States

Math 2009 2010 495 493 493 487 508 507 419 458 496 496 510 511

Writing 2009 2010 461 456 473 469 475 468 421 453 467 465 487 488

Total 2009 2010 1,435 1,426 1,453 1,441 1,478 1,466 1,256 1,378 1,445 1,443 1,493 1,497

Demographics

Source: S.C. Department of Education

10-Year Summary of Degrees Awarded 200506 811 670

200607 801 806

2007- 200808 09 899 4,145 688 768

College of Charleston Trident Technical College Charleston Southern University Limestone College Southern Wesleyan University

1,971 789 368 399 343

2,214 920 394 678 766

2,270 996 476 735 796

2,237 998 536 796 898

2,333 914 568 463 893

1,961 884 375 419 442

2,282 982 433 485 563

2,251 956 398 495 760

2,230 1,075 581 762 878

2008-09 vs.

1999-2000 17.20% 36.90%

2008-09 vs.

2007-08 2.40% 11.60%

13.10% 36.20% 57.90% 91.00% 156.00%

-4.40% 17.60% 2.30% 64.60% -1.70%

Source: 2010 S.C. Higher Education Statistical Abstract

SPA cruises ahead with terminal plans

By Daniel Brock

Re-sort at the resort

Down and out?

Some businesses might not recover from the economic downturn.

Page 4

dbrock@scbiznews.com

harleston is a city known for its history, and its decades-old passenger cruise terminal will soon be just that.

The S.C. State Ports Authority announced earlier this month that it is moving ahead with a EXECUTIVE $25 million redevelopSUMMARY ment plan for its Union Charleston council Pier Terminal property. backs plans to build Cruise operations will passenger terminal. be relocated farther north to a massive onsite warehouse now used for automobile storage, among other tasks. The 100,000-square-

foot facility will receive an overhaul paid for by the authority, which has already invested $1.3 million in conceptual work.

The southern end of the property, meanwhile, will be turned into public parks, open spaces and mixed-use development that will allow for new view corridors on Charleston streets, a waterfront ending for Market Street and natural shoreline.

BMW Co.â&#x20AC;&#x2122;s Union Pier operations would be moved, in all likelihood to the Columbus Street Terminal, according to authority officials.

Charleston Mayor Joe Riley has been a vocal supporter of the effort and the City Council See CRUISE, Page 5

Tourism on the upswing

By Ashley Fletcher Frampton

C

aframpton@scbiznews.com

ruise ship passengers spending a few days in town before or after their trips are one of several factors helping Charlestonâ&#x20AC;&#x2122;s tourism market regain momentum this year after losing ground throughout 2008 and 2009, industry officials say.

Âł

See TOURISM, Page 6

Âł

In Focus: Agribusiness & Biotech

Local farmers are finding increasing success and financial stability through direct, advance sales of their harvests to consumers. Community supported agriculture programs, or CSAs, deliver up-front cash and reduce farmersâ&#x20AC;&#x2122; risks.

More than peanuts Tony the Peanut Man sells his boiled and roasted goobers at a frenetic pace.

Page 9

Inside: A new market for farmers. Page 10

49

95

Medical & Health Care

Charleston attorney Johnny Linton purchases Summervilleâ&#x20AC;&#x2122;s posh Woodlands Inn. Page 3

C

$

.A>G?7 &A

N

SPECIAL REPORT: TOURISM ON THE WATERFRONT

Hospitality & Tourism

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Import/export & distribution

The Ultimate Business Package

Education

200405 717 743

Employment & Economic development

Medical University of South Carolina The Citadel

1999- 2000- 2001- 2002- 200300 01 02 03 04 715 730 739 706 674 561 564 606 682 682 1,963 848 353 433 324

Financial Services

Critical Reading 2009 2010 479 477 487 484 495 491 416 467 482 482 496 498

Real Estate

College Admissions Tests for Charleston Region School Districts â&#x20AC;&#x201C; SAT

At Work

Ikon-ic Isle of Palms mortgage firm experiences rapid growth. Page 41

INSIDE Upfront .............................2 In Focus: Agribusiness & Biotech ............................9 List: Small Business Administration Lenders ..38 List: Security Systems Co. ....................39

At Work ..........................41 Economics Column .........42 People in the News .........43 Business Digest ..............44 Leads .............................45 Calendar .........................46 Viewpoint........................47

Special pull-out publication PARKS GUIDE & BUSINESS SPACE grow COMMERICALFind your economy in 2010 a place to

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DAILY

Business Resources

Call (843) 849-3116 or visit www.charlestonbusiness.com

A worker gathers zuccini at Gruber Farm in St. George (above).

Stanley Gruber and Helen Barton load boxes of produce for shipment to CSA customers at right. (Photos/Leslie Halpern)

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

49

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Import/export & distribution

Photo/S.C. State Ports Authority

Import/Export & Distribution

T

he Port of Charleston continues to rebound from the recession in dramatic ways, including a 15.5% year-to-year increase in container volume, significant business deals with shipping companies, expansion of capacity with a new terminal in North Charleston and positive strides toward deepening the harbor to 50 feet.

Port officials were cautiously optimistic in 2009 when container volume was seeing gains after a deep recession that pummeled cargo traffic across the globe. But a year later, the numbers are steadily increasing with ever larger ships calling on Charleston.

Primary exports continue to be paper, wood, automobiles, chemicals and chicken. The largest imports are petroleum, gasoline, cast iron, aluminum and automobile parts.

Most of the Port of Charleston’s exports end up in Europe and China, but South Carolina’s commodities also find uses in Brazil, India and South Africa.

Savannah still moved more metric tons through its port in 2010, and it had an estimated value of $69.7 billion in 2010. The 23.1 metric tons coming through the Port of Charleston had an estimated value of more than $50.1 billion.

In terms of trade value, Charleston ranks eighth among the top 10 seaports handling cargo in the United States, two behind Savannah, and ahead of Philadelphia and Norfolk, Va.

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50 2011 Market Facts | www.charlestonbusines s.com

Port of Charleston Activity..................................52 Port of Charleston Top 20 Import Commodities..........................................52 Port of Charleston Top 20 Export Commodities...........................................52 Port of Charleston Top 10 Export Destinations............................................53 Port of Charleston Top 10 Import Countries of Origin..................................53 Top 10 U.S. Seaport Districts, by Dollar Value of Goods Handled (in millions)............................53 U.S. Waterborne Container Imports

by U.S. Custom Ports in Metric Tons – Southern Ports...................................................54 U.S. Waterborne Foreign Container Trade by U.S. Custom Ports in Metric Tons – Southern Ports...................................................55

Real Estate

Import/export & distribution

Port of Charleston TEU Container Volume (2009, 2010) â&#x20AC;&#x201C; 2009

â&#x20AC;&#x201C; 2009

130,000

Financial Services

125,000 120,000

Business Resources

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Hospitality & Tourism

Import/export & distribution

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Employment & Economic development

Demographics

115,000

Government

52

32.2%

110,000

1,364,501

June saw the greatest increase, year over year.

105,000

2010 total

100,000

1,181,357

95,000

2009 total

90,000

15.5%

Total increase in volume

85,000 Jan.

Feb.

March

April

May

June

July

August

Sept.

Oct.

Nov.

Dec.

Source: S.C. State Ports Authority

Port of Charleston Top 20 Import Commodities 2010 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Commodity Petroleum, refined Gasoline Cast iron, pig iron Iron filings, ore, pellets Aluminum oxide Mill, soap, wonder, crude stones Automobile, motor vehicle parts Fuel coal, fly ash Furniture, fixtures Braid, canvas, cloth, fabric, textiles Waste, scrap iron and steel Miscellaneous Curtain, drape, linen, sheet, towel Carbon, crepe stationery paper Dry form, natural rubber Bulk sodium chloride Limestone chips, crushed, ground Tires, tubes Metalized yarn Potassium chloride, muriate or potash Total Top 20 Import Commodities Total Imports

Metric Tons 833,742.81 832,117.82 437,333.19 385,637.35 367,529.03 337,979.28 322,608.72 215,276.56 165,721.90 155,181.21 147,935.30 146,378.70 127,374.49 111,371.83 107,211.01 95,977.30 87,090.12 84,962.37 77,959.90 70,921.63 5,110,310.50 13,986,353.06

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

52 2011 Market Facts | www.charlestonbusines s.com

Percentage 9.39 9.37 4.93 4.34 4.14 3.81 3.63 2.43 1.87 1.75 1.67 1.65 1.44 1.25 1.21 1.08 0.98 0.96 0.88 0.80 57.57 100.00

Port of Charleston Top 20 Export Commodities 2010 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Commodity Carbon, crepe stationery paper Cellulose, chem wood, sulfite pulps Benzenoid: di and polyacids Miscellaneous Automobiles, motor vehicles, trailers Fowl, poultry Logs, lumber, wood Miscellaneous resins and additives Chemicals Braid, canvas, cloth, fabric, textiles Metal concentrates, residue, scrap Steel cast, forge, ingots, rods, slabs Saturated polyester resins Automobile, motor vehicle parts Waste, scrap, butyral, foam, plastic Flower, plastic foam, tile plasticware Float glass, plate glass Fiber, staple, synthetic, plastic Foodstuffs, pastes, sauces, soups Titanium dioxide Total Top 20 Export Commodities Total Exports

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

Metric Tons 895,910.40 465,707.51 281,233.61 207,461.49 195,668.19 184,376.04 172,458.46 163,589.31 146,343.79 140,859.70 122,246.61 96,825.16 94,599.82 89,069.36 73,825.57 61,497.79 60,280.05 56,146.73 53,350.71 51,267.44 3,612,717.75 9,175,274.49

Percentage 16.11 8.37 5.06 3.73 3.52 3.31 3.10 2.94 2.63 2.53 2.20 1.74 1.70 1.60 1.33 1.11 1.08 1.01 0.96 0.92 64.95 100.00

Import/export & distribution

Country Netherlands Belgium Germany Peopleâ&#x20AC;&#x2122;s Republic of China Republic of South Africa Brazil Brazil Argentina India Oman

Metric Tons 323,831.74 235,983.68 232,758.79 194,568.88 147,551.87 120,379.63 109,716.25 108,354.78 98,536.38 96,235.30

Top 10 Seaport Districts in Dollar Value of Goods Handled, 2010 (in millions)

Top 10 Import Countries of Origin 2010

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

Metric Tons 855,816.98 819,235.45 758,998.74 653,271.03 505,882.41 443,458.59 401,318.25 367,106.98 353,104.43 313,566.26

Port District Los Angeles/Long Beach, Calif.

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

Savannah San Francisco/Oakland, Calif.

Charleston Philadelphia Norfolk/Hampton Roads, Va.

Imports $269,459.9 $105,899.5 $128,480.0 $71,509.8 $57,934.6 $42,744.6 $37,883.7 $30,823.6 $34,711.8 $28,435.0

Exports $66,646.4 $86,067.4 $47,309.6 $42,412.5 $19,187.3 $27,011.4 $18,814.1 $19,362.1 $14,451.0 $20,644.2

Total $336,106.3 $191,966.9 $175,789.6 $113,922.3 $77,121.9 $69,756.0 $56,697.8 $50,185.7 $49,162.8 $49,079.2

Source: U.S. Census Bureau Trade Data Branch Report FT920

Medical & Health Care

,FLK?<8JK ,LGGCP ?8@E '<NJ N<<BCP <D8@C :FM<IJ K?< C8K<JK E<NJ 8E; @DGFIK8EK GC8P<IJ @E K?< GFIKJ ;@JKI@9LK@FE 8E; D8EL=8:KLI@E> J<:KFIJ K?8K ;<:@J@FEÂ&#x2021;D8B<IJ 8CFE> K?< <EK@I< JLGGCP :?8@E I<CP LGFE =FI KI<E; N8K:?@E> 8E; ;<:@J@FE D8B@E> ,FLK?<8JK ,LGGCP ?8@E '<NJ I<8:?<J K?@J K8I><K<; 8L;@<E:< 8E; GIFM@;<J K?< @;<8C D8IB<K@E> GC8K=FID =FI PFLI :FDG8EPnJ D<JJ8><

Hospitality & Tourism

",-+" .-"(' "' -! ,(.-! ,-

Import/export & distribution

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Education

Country Peopleâ&#x20AC;&#x2122;s Republic of China Virgin Islands Germany Canada Trinidad and Tobago Brazil United Kingdom India Netherlands Russia

Employment & Economic development

Rank 1 2 3 4 5 6 7 8 9 10

Nationâ&#x20AC;&#x2122;st Larges Port

Demographics

Ultimate Port Rotterdam Antwerp Bremerhaven Shanghai Durban Santos Suape Buenos Aires Nhava Sheva Salalah

Financial Services

Rank 1 2 3 4 5 6 7 8 9 10

Real Estate

Top 10 Export Destinations 2010

Business Resources

8CC <EE<KK )8IBJ 8K

FI <D8@C 9G8IBJ@J:9@QE<NJ :FD =FI DFI< @E=FID8K@FE www.charlestonbusiness.com | 2011 Market Facts

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35

53

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INTEGRATED SOLUTIONS

DRIVING VALUE AND EFFICIENCY

At Kontane Logistics, we have the assets, certification, experience and flexibility to develop client aligned supply chain solutions. Via vested collaboration with our partner customers, we create value in

new ways. Operating the only active FTZ in the Port of Charleston,

we provide base with numerous our client

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benefits. We integrate all of our services – utilizing sub-assembly, physical fulfillment, and cloud based technology to build logical,

Education

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customer attuned logistics’ platforms.

Photo/Leslie Burden

U.S. Waterborne Imports by U.S. Custom District (Metric Tons)

“Our innovative and time tested solutions will help you solve your unique logistics challenges”

▶ WBE Certified Business ▶ Sub Assembly and Kitting ▶ Sequencing

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North Carolina 704-405-4530 South Carolina 843-352-0011 Texas 877-856-2476

'RQ·W /HW 7KH 1DPH )RRO <RX :H 3XOO $Q\WKLQJ

OVERWEIGHT & LEGAL CONTAINERS ISO TANK HAULING AND STEAMING AVAILABLE

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info@kontanelogistics.com

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54

U.S. Custom District Houston/Galveston New Orleans Los Angeles New York Philadelphia Port Arthur, Texas Mobile, Ala. San Francisco British Virgin Islands Tampa, Fla. Boston Seattle Savannah Baltimore Norfolk, Va. San Juan, Puerto Rico Miami Charleston Honolulu Cleveland Portland, Maine Columbia-Snake River, Ore. Providence, R.I. Wilmington, N.C. Detroit Chicago Anchorage, Alaska Laredo, Texas Milwaukee San Diego Buffalo, N.Y. Minneapolis Duluth, Minn.

Ogdensburg, N.Y. Pembina, N.D. Washington, D.C. St. Louis Total

2007 2008 2009 2010 185,657,542 182,336,084 164,378,874 170,066,689 167,457,819 154,031,638 121,454,422 131,638,663 90,143,232 81,595,996 67,705,239 75,961,386 69,116,390 67,345,198 58,626,529 61,057,906 72,006,035 67,086,988 55,766,451 51,047,988 52,889,979 49,906,366 45,963,622 49,861,164 39,420,919 39,450,545 34,287,027 33,673,183 32,465,158 33,308,880 26,631,892 26,931,592 21,179,925 20,573,332 17,627,451 17,877,347 24,419,650 22,095,841 15,855,666 17,197,756 21,910,771 19,926,039 18,271,478 16,917,133 22,607,473 19,050,977 15,713,125 16,624,700 21,238,458 18,263,553 15,177,903 16,163,566 17,708,620 16,298,030 11,018,417 13,828,883 13,774,392 13,572,206 10,207,117 10,552,006 14,860,257 12,597,139 10,436,127 10,193,916 13,430,567 10,762,106 9,027,439 9,479,134 12,694,057 10,955,732 7,542,450 8,446,796 9,131,463 7,955,879 7,542,510 7,062,138 7,829,567 7,649,760 5,023,696 6,872,297 7,366,549 6,966,303 6,745,879 6,167,811 7,836,652 6,628,048 4,048,070 5,439,782 4,201,972 4,867,666 3,719,417 4,221,389 4,915,762 4,359,607 3,933,998 4,199,412 4,544,289 4,620,984 4,358,892 3,572,560 3,522,740 3,212,607 2,668,774 2,512,693 1,387,272 932,811 1,279,843 1,288,890 883,741 1,366,424 1,197,142 1,086,630 1,946,267 1,561,548 1,815,156 1,027,183 1,928,920 1,319,407 811,956 887,880 881,774 876,518 522,071 805,264 384,059 463,826 405,963 342,596 20,436 81,055 103,496 137,578 87,160 112,223 84,836 110,910 387 359 1,635 356 256 182 70 141 37,880 931 0 0 949,888,390 892,132,785 749,954,634 783,255,315

Source: U.S. Department of Transportation Maritime Administration

54 2011 Market Facts | www.charlestonbusines s.com

Import/export & distribution Real Estate Financial Services Demographics

U.S. Waterborne Exports by U.S. Custom District (Metric Tons) 2007 94,979,617 67,759,426 37,603,525 29,229,781 27,413,657

2008 96,410,529 72,734,261 42,828,187 38,443,425 32,002,478

28,564,401 20,333,222 20,147,609 17,372,791 16,405,871 15,963,304 15,521,291 11,885,273 9,756,099 6,270,254 5,973,639 4,860,638 4,246,894 3,459,890 3,395,500 3,378,543 2,602,189 2,493,870 1,917,348 1,842,132 1,113,036 964,833 531,519 467,012 466,744 378,195 183,555 75,270 56,480 20,007 694 0 521,679,459

Import/export & distribution Hospitality & Tourism Medical & Health Care Business Resources

55

Government

27,537,922 19,210,329 16,998,484 14,565,799 15,255,187 9,267,292 13,957,851 11,296,885 9,490,709 5,131,036 5,615,508 1,012,089 3,865,222 3,257,574 2,457,375 4,836,806 1,191,041 2,185,295 2,213,359 1,114,032 1,238,127 607,979 388,695 477,991 829,375 518,298 110,673 62,548 2,854 17,385 123 0 452,062,854

Education

24,837,523 29,333,705 18,059,378 21,435,143 14,846,135 17,664,543 14,184,811 16,322,258 10,744,094 14,404,173 10,102,180 13,651,897 9,516,202 10,587,021 17,550,324 22,309,685 3,649,571 8,445,691 7,062,353 6,879,694 5,571,139 5,998,266 6,202,910 6,296,668 3,678,217 3,672,828 4,226,646 4,240,470 1,921,516 3,918,362 4,059,861 5,344,562 4,115,596 1,481,019 1,173,988 1,907,797 1,817,801 2,233,316 1,041,310 1,291,851 1,652,548 1,510,964 689,029 627,257 556,978 456,027 636,447 583,295 35,480 540,727 610,596 655,899 244,839 101,715 214,279 52,459 25,874 1,989 26,968 25,168 240 1,620 2,384 1,579 426,043,225 484,396,526

2009 2010 96,781,538 112,042,722 79,616,102 92,730,373 39,445,532 43,729,322 35,237,159 39,143,728 26,268,668 33,385,207

Employment & Economic development

U.S. Custom District New Orleans Houston/Galveston Los Angeles Norfolk, Va. Columbia-Snake River, Ore. Seattle New York Mobile, Ala. Savannah San Francisco Baltimore Port Arthur, Texas Detroit Tampa, Fla. Charleston Miami Buffalo, N.Y. Anchorage, Alaska Cleveland British Virgin Islands Philadelphia Minneapolis Wilmington, N.C. Boston Ogdensburg, N.Y. San Juan, Puerto Rico Portland, Maine Providence, R.I. Honolulu Duluth, Minn.

Chicago Laredo, Texas Milwaukee Washington, D.C. San Diego Pembina, N.D. St. Louis Total

Source: U.S. Department of Transportation Maritime Administration

www.charlestonbusiness.com | 2011 Market Facts

55

Photo/Ryan Wilcox

Hospitality & Tourism

C

harleston-area hotels made a comeback in the past year, with occupancy rates across the region seeing an increase of 9.6%. Tourists also spent more per day on average.

The College of Charleston’s Office of Tourism Analysis reported a 1.7% drop in the average daily room rate in Charleston County overall, but hotels on the peninsula saw a 0.7% increase in prices.

Though Charleston still ranks relatively low in the number of cruise ship visits, that number is growing — Carnival Cruise Lines made Charleston the home port for its Fantasy cruise ship in 2010.

The S.C. State Ports Authority and the city of Charleston have joined efforts to support the cruise industry by working with businesses and keeping residents informed about incoming and departing ships. Last year, nearly 70 cruise ships visited Charleston, but the city still ranked next-to-last in cruise volume for Southern ports with passenger terminals.

Plans for a new passenger terminal for visiting and departing cruise ship passengers also is expected to reclaim a section of Charleston’s waterfront and turn it into a public space much like the popular Waterfront Park.

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Medical & Health Care

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Import/export & distribution

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H o s p i ta l i t y & T o u r i s m

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56 2011 Market Facts | www.charlestonbusines s.com

2012 PGA Championship Economic Impact.......................................... 58 Charleston International Airport Passenger Activity......................................... 58 Average Cost Per Flight................................. 58 Cruise Passengers by Departure Port – North American Southern Ports .................... 59 Total Vessel Cruise Calls, Charleston............. 59 Top Origin States of Visitors.......................... 60 Average Expenditures in Charleston.............. 60 Charleston County Accommodations Occupancy Trends......................................... 61 Charleston Region Tourism Overview............ 62 Monthly Hotel Occupancy Reports – Charleston County........................................ 63 Charleston Region 2% Accommodations Tax Revenue Distribution, Full Fiscal Year 2010-2011........................... 63

Real Estate

H o s p i ta l i t y & T o u r i s m

2012 PGA Championship Economic Impact Island, is expected to make a $193 million economic impact on South Carolina, with direct and indirect spending and media exposure. The event is estimated to be viewed in roughly 200 countries and 570 million households.

Employment & Economic development

Education Import/export & distribution Hospitality & Tourism Medical & Health Care

Photo/Ryan Wilcox

$193 million

Demographics

Financial Services

The 2012 PGA Championship, being held at the Ocean Course on Kiawah

Charleston International Airport Passenger Activity

total economic impact

$26 million

Year Enplaned Deplaned

$92 million

Labor income, which supports 832 jobs.

2001............... 794,371................799,310

Direct spending by 50,278 visitors.

2002............... 791,341................805,768 2003............... 804,134................812,121

$75 million

2004............... 912,604................915,933 2005............ 1,073,309.............1,069,668

Value of estimated media exposure expected to come from more than 154 hours of TV coverage.

2006............... 943,305................934,326 2007............ 1,140,765.............1,133,715 2008............ 1,170,909.............1,163,438 2009............ 1,096,605.............1,093,646 2010............ 1,012,183.............1,009,145 2011............... 592,974................596,286 Note: 2011 Information includes January-June activity.

Source: PGA of America

Source: Charleston County Aviation Authority

Average Cost Per Flight, 2010 $460 $440

$33i9on.7al1

$420

Since Southwest initiated service in March 2011, ticket prices have fallen and passenger volume is up more than 30% at Charleston International Airport (CHS).

Nat e Averag

$400

CHS’s planned 2012 terminal expansion will: • Double the size of Concourse A • Significantly expand Concourse B • Add a third carousel in baggage claim • Add more seating, shops, restaurants and restrooms

$380

Business Resources

$360

Government

58

$340 $320 $300

, ton

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ah

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sti

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Source: Bureau of Transportation Statistics, Third Quarter 2010

58 2011 Market Facts | www.charlestonbusines s.com

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This graphic was originally featured in the 2011 Regional Economic Scorecard, produced by the Charleston Regional Development Alliance. To view the full report scan the QR code to the left or go to: tinyurl.com/3pvfggr

H o s p i ta l i t y & T o u r i s m

Plans are in the works for a new passenger terminal (rendering at left). The S.C. State Ports Authority has voluntarily committed to a maximum of 104 ships a year and only one ship docked at a time.

70

2,000,000

65

1,800,000

60

1,600,000

Demographics

55

1,400,000

50 45

1,000,000

40

800,000

35

600,000

30

400,000

25

200,000

20

0 M

i iam

le,

,

ral

e av

.

Fla

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mp Ta

.

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Or

le

s an

e,

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Mo

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s

rle

a Ch

n to

lk

rfo

No

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15 10 5

Source: U.S. Department of Transportation Maritime Administration

Sources: S.C. State Ports Authority

0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Import/export & distribution

n ud Ca La rt t r o P Fo Note: The cruise passenger statistics include more than 14 major cruise lines that offer North American cruises with a U.S. port of call.

Education

a erd

.

Fla

Employment & Economic development

1,200,000

Financial Services

2,200,000

Total Cruise Vessel Calls, Charleston

Real Estate

Cruise Passengers by Departure Port, North American, Southern Ports, 2010 (000s)

Hospitality & Tourism Medical & Health Care Business Resources Government

95

www.charlestonbusiness.com | 2011 Market Facts

59

Real Estate

H o s p i ta l i t y & T o u r i s m

Average Expenditures by Visitors in Charleston (2009, 2010) â&#x20AC;&#x201C; 2009

â&#x20AC;&#x201C; 2010

Accommodations Dining/Food Local Transportation

Financial Services

8

Tours/Attractions Shopping

9

7 1 6 2 4

3

Other Expenses

Expediture per Person per Day

Top Origin States of Visitors 1. North Carolina 2. South Carolina 3. Florida 4. Georgia 5. Ohio 6. Tennessee 7. Virginia 8. New York 9. Illinois 10. New Jersey

0

$20

$40

$60

$80 $100 $120 $140 $160 $180

Source: Office of Tourism Analysis, College of Charleston

Source: Office of Tourism Analysis, College of Charleston

Import/export & distribution Hospitality & Tourism Medical & Health Care Business Resources Government

60

10

5

Education

Employment & Economic development

Demographics

2

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60 2011 Market Facts | www.charlestonbusines s.com

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H o s p i ta l i t y & T o u r i s m

Average Occupancy

Average Daily Rate*

74%

$170

Real Estate

Charleston County Occupancy Trends (Hotel, Motel, Inn and Bed & Breakfast)

9.6%

72%

$160

68%

$140

66%

$130

64%

$120

62%

$110

-1.7%

60%

Decrease in average daily rate

$100 $90

56%

$80

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

*Room nights sold determined by room inventory x total month days x % occupied

Import/export & distribution

Source: Center for Business Research, Charleston Convention & Visitor Bureau

Education

58%

Employment & Economic development

$150

Demographics

70%

Financial Services

growth in average occupancy

Hospitality & Tourism Medical & Health Care Business Resources Government

16

www.charlestonbusiness.com | 2011 Market Facts

61

Real Estate

H o s p i ta l i t y & T o u r i s m

Charleston Region Tourism Overview 2010 Hotel/Motel Inventory 1,302

3,356

Berkeley County

Peninsula of Charleston

781

Dorchester County

To hospit ustry e h t of ism ind tour 2010

1,018

1,594

Beach Properties

Charleston/West of the Ashley River (including West Islands)

2,149

East of the Cooper River (Mount Pleasant and East Islands)

Employment & Economic development

Demographics

Financial Services

ionact l l i B 3 $3t.a0l economic aimplity &

6,795

Education

Total Lodging Sales

North Charleston Area

$550M $500M

2010 Lodging Sales by County $18,701,906 $5,457,273

Import/export & distribution

$450M $400M

Berkeley County

Dorchester County

$350M

$1.1 Billi

on

$300M $250M

Hospitality & Tourism

$200M

$464,920,311

$150M

Charleston County

$100M $50M $0 2005

Medical & Health Care

Earnings & touris of hospitality m charles jobs in the ton Reg 2010 ion

2006

2007

2008

2009

2010

Annual Number of Visitors 4,330,000

4,350,000 4,300,000

Business Resources

4,250,000

4,210,000

4,200,000 4,150,000 4,100,000

4,120,000 4,060,000

4,050,000 Government

62

3,930,000

4,000,000 3,950,000 3,900,000

2005

2006

Source: Office of Tourism Analysis, College of Charleston

62 2011 Market Facts | www.charlestonbusines s.com

2007

2008

2009

H o s p i ta l i t y & T o u r i s m

2009 Totals

Charleston Region 2% Accommodations Tax Revenue Distribution

2010 Totals

Peninsula Area Room Nights Sold Changes in Room Nights from ’08

-5.4% Changes in Room Nights from ’09 69.92% % Occupied

Changes in Occupancy from ’08 Average Daily Rate Changes in ADR from ’08

-5.1% Changes in Occupancy from ’09 $148.64 Average Daily Rate -1.5% Changes in ADR from ’09

928,444 8.0% 75.64% 8.2% $149.67 0.7%

West of the Ashley Room Nights Sold % Occupied

-1.3% Changes in Room Nights from ’09 66.10% % Occupied

Changes in Occupancy from ’08

-6.2% Changes in Occupancy from ’09

Average Daily Rate

$92.00 Average Daily Rate

Changes in ADR from ’08

-10.0% Changes in ADR from ’09

401,432 4.2% 68.95% 4.3% $90.57 -1.6%

Room Nights Sold Changes in Room Nights from ’08

1,432,544 Room Nights Sold -9.2% Changes in Room Nights from ’09

1,674,482 16.9%

% Occupied

58.11% % Occupied

Changes in Occupancy from ’08

-11.5% Changes in Occupancy from ’09

15.7%

Average Daily Rate

$89.74 Average Daily Rate

$90.80

Changes in ADR from ’08

-6.2% Changes in ADR from ’09

67.21%

1.2%

Room Nights Sold

447,211 Room Nights Sold

Changes in Room Nights from ’08

-14.3% Changes in Room Nights from ’09

% Occupied

56.83% % Occupied

Changes in Occupancy from ’08 Changes in ADR from ’08

-17.3% Changes in Occupancy from ’09 $104.17 Average Daily Rate -6.4% Changes in ADR from ’09

5.8% 60.10% 5.8% $104.32 0.1%

County Total Room Nights Sold Changes in Room Nights from ’08 % Occupied

3,415,909 Room Nights Sold -7.8% Changes in Room Nights from ’09 62.86% % Occupied

Changes in Occupancy from ’08 Changes in ADR from ’08

-9.6% Changes in Occupancy from ’09 $115.33 Average Daily Rate -4.3% Changes in ADR from ’09

Source: Charleston Convention & Visitors Bureau

10.1% 68.87% 9.6% $113.37 -1.7%

*Denotes a municipality that might have received revenue in more than one county

Hospitality & Tourism

Average Daily Rate

3,759,973

Import/export & distribution

Average Daily Rate

472,951

Education

East of the Cooper

Amount Allocated 2010-2011 $414,399.80 $86,024.62 $123.05 $67,297.25 $37,404.26 $13,328.28 $18.19 $41,540.20 $6,134.55 $162,529.40 $8,808,750.38 $353,632.54 $3,274,890.70 $402,593.59 $3,204.33 $1,172,736.71 $1,039,783.16 $127.60 $798,533.35 $1,651,903.55 $150.82 $97,287.54 $12,995.38 $517.04 $155,253 $63,600.82 $1,715.08 $7,080.55 $72.51 $732.14 $53,985.54 $28,066.36

Employment & Economic development

North Charleston Area

2009-2010 $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 $$144,679.53 $54,747.64 $2,482.52 $1,511.71 $89.44 $741.85 $60,051.08 $25,055.29

Demographics

Changes in Room Nights from ’08

385,350 Room Nights Sold

Local Government Entity 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* Ravenel Seabrook Island Sullivan’s Island Summerville* Dorchester County Area Dorchester County Harleyville North Charleston* Reevesville Ridgeville St. George Summerville*

Financial Services

% Occupied

859,384 Room Nights Sold

Real Estate

Monthly Occupancy Reports – Charleston County

Source: S.C. State Treasurer’s Office

Medical & Health Care

4,220,000 Business Resources Government

36

2010 www.charlestonbusiness.com | 2011 Market Facts

63

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

A

Employment and Earnings for Health Professionals in the Charleston Region.................................66

fter a year of new construction for several area hospital systems in East Cooper, more growth is on the horizon, with plans by Roper St. Francis Healthcare and Trident Health System to open medical facilities in Berkeley County.

Summerville Medical Center, which is affiliated with Trident, also has plans to add 30 beds to its 94-bed facility. But controversy between Roper and Trident persists as there has been ongoing opposition to all of the proposed plans.

The Medical University of South Carolina also has expansion plans, with two new research buildings — the drug discovery building and the bioengineering building — set to open on campus next year. MUSC reported more than $238 million in research funding for the recently ended fiscal year.

Demographically, most people show up at area hospitals to have babies. Births account for the No.1 reason patients go to the hospital in Berkeley, Charleston and Dorchester counties. Major joint replacements, cesarean sections and chest pains also are common reasons for inpatient care.

Heart disease and cancer are the top two causes of death in all three counties, with accidents, kidney disease and Alzheimer’s disease also ranking high.

Thousands of medical professional are employed in the Charleston area, with fewer than 1,000 physicians and nearly 9,000 nurses.

% of Children Without Health Insurance Coverage...............................67

This section is sponsored by:

Hospital Acquired Infections...................69

Government

64

64 2011 Market Facts | www.charlestonbusines s.com

Total Population with Health Insurance....................................67 Total Population without Health Insurance....................................67 Medical Market Report...........................67 Percentage of Adults Overweight and Obese by County.............................68 Top 10 Leading Causes of Death

by County..............................................68 Top 10 Reasons for Inpatient Hospitalization by County.......................69

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. @MUSChealth

facebook.com/ MUSCCharleston

Changing What’s Possible In Health Care.

Real Estate

m e d i c a l & h e a lt h c a r e

Employment and Earnings for Health Professionals in the Charleston Region (May 2010) Mean Annual Salary

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Financial Services

Dentists, General Physicians and Surgeons, All Other Pharmacists

Employment & Economic development

Demographics

Optometrists Physician Assistants Physical Therapists Registered Nurses Occupational Therapists Dental Hygienists Respiratory Therapists Physical Therapist Assistants

Licensed Practical and Licensed Vocational Nurses

Employment Source: U.S. Bureau of Labor Statistics

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Occupational Therapy Assistants

Government

66

66 2011 Market Facts | www.charlestonbusines s.com

m e d i c a l & h e a lt h c a r e

State Percent Nevada...................................... 17.8 Florida....................................... 14.8 Alaska....................................... 13.6 Montana.................................... 12.9 Arizona...................................... 12.0 Idaho......................................... 11.2 Oklahoma.................................. 11.2 Georgia...................................... 10.9 Oregon...................................... 10.4

20%

88%

19%

87%

18%

86%

17%

85%

16%

U.S.

84% S.C.

14%

82%

13%

81%

12%

80%

11%

79%

10%

h n y. a. n.

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h n y. a. n.

C. as la. lle en d, V , N. n, K nvi e, F esto anna Tex T e l , o h n , l l t v i e r ille hmo leig ing Sa ustin Gr onv ha a x xv C c s e R o i A k L R c Kn Ja

This graphic was originally featured in the 2011 Regional Economic Scorecard, produced by the Charleston Regional Development Alliance. To view the full report, scan the QR code to the left or go to: tinyurl.com/3pvfggr

Colorado.................................... 10.2 South Carolina......................10.0

U.S.

15%

83%

Utah.......................................... 10.3

S.C.

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

California..................................... 9.5 Wyoming..................................... 9.0 United States............................... 8.6 Kansas........................................ 8.2 North Carolina.............................. 8.2 Survey: U.S. Census Bureau,

Total SF 1,901,087 1,393,275 2,689,655

Vacant SF 128,779 208,991 246,103

Occupied Space 1,772,308 1,184,284 2,443,562

Rate $18 - $24 $16 - $22 $17 - $25

Average Rent $22 $20 $21

Source: NAI Avant; NAI Earle Furman

All inclusive vaccinations (H1N1, H3N2 and Influenza B)

Convenient, on-site Flu Clinics

Medical & Health Care

Professional Registered Nurses

Hospitality & Tourism

Donâ&#x20AC;&#x2122;t forget to schedule your Corporate Flu Clinic!

Import/export & distribution

2009 American Community Survey

City Columbia Greenville Charleston

Education

Indiana........................................ 8.8

Medical Office Market Report (Midyear 2011)

Employment & Economic development

Mississippi................................. 10.3

89%

Demographics

New Mexico............................... 11.4

Total Population With Health Care Insurance Coverage, 2009

Financial Services

Texas......................................... 16.3

Total Population With Health Care Insurance Coverage, 2009

Real Estate

% of Children Without Health Insurance Coverage (under 18)

Business Resources www.charlestonbusiness.com | 2011 Market Facts

Government

Call (843) 820-3322 www.palmettoprimarycare.com/corporate-services

76

67

68

el

na

Business Resources

Ch

alig

so f th y eh nt ron ea ne ic l o pla rt ow s er ms res Ac Ne cid ) pir Ce ph e a reb riti s, n rov tory d nts asc ise ep hro a ula tic r d se ise syn Diab et as dro me es m e e an llit Su icid Alzh d nep us eim hro e( int en er’s d sis tio is na l se ease lf-h CHA arm S RLESTON epticem ) ia Ca nce co r (m un alig n Dis ant n ty eas eop Ce reb es of lasm rov s t asc he h ) Ch ear ron ula t ic l rd ow ise er a res Ac se Ne c pir ph ato iden riti Alz t ry s, n he dis s ep i e m hro a er’ tic s d se syn Diab ise e a d Su icid rome tes m se e( e llitu int and s en tio neph na ros l is sel Do f-h rc a r m) Se he pti cem st ia er Ca co nce r (m un alig ty n Dis ant n eas e Ch es oplas ron o f ic l the ms) ow he er res Ac art c p Ce reb irato ident s ry rov Ne asc dise ph riti a ul s s, n Dia ar dis e ep b e hro ete ase Al tic s syn zheim mell itu dro Su er s Ch icide me a ’s dis ron e (in n ase d t ic l ive entio neph na r rd osi l ise ase self-h s a an d c rm) irrh osi s

Ca

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Government

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

Percentage of Adults Overweight and Obese by County, 2009

2004

250

200 215

100 79

50 69

2007

< 50% 50-54%

700

600

186

150 151

67 40 35 30 19 17

68 2011 Market Facts | www.charlestonbusines s.com

2009

55-59% 60-64%

96 81 48

65-69%

169

75 64

70% +

*The synthetic method is the method used to ascertain county numbers: Small area estimation using surrounding counties if the sample size requirements are not met by the individual counties.

Note: Definition of overweight or obese: Body Mass Index ≥ 25

Source: S.C. Behavior Risk Factor Surveillance System

Top 10 Leading Causes of Death by County, 2008 (Crude mortality rate per 100,000)

686

650

550 577

500

450

400

350

300

205 177

146

39 61

Source: S.C. Department of Health and Environmental Control’s S.C. Community Assessment Network; generated by chronic disease epidemiology and evaluation 53 28 18 16 13 11

m e d i c a l & h e a lt h c a r e

Berkeley County 1 2 3

Dorchester County 1 2 3

Charleston County

Total # Procedures

Total # Infections

% Lower SIR

% Not Different SIR

% Higher SIR

93.75%

6.25%

Coronary artery bypass graft (chest incision)

12

293

1

0%

33.33%

0%

Hysterectomy (abdominal) Hip prosthesis â&#x20AC;&#x201C; replacement Knee prosthesis â&#x20AC;&#x201C; replacement Colon surgery Central Line Locations

49 53 50 34

5,337 6,684 10,394 1,246

44 81 69 36

0% 0% 0% 0%

75.51% 73.58% 82% 58.82%

2.04% 5.66% 6% 5.88%

All adult inpatient units

62

247,473

329

4.84%

82.26%

1.61%

Adult critical care units Pediatric Inpatient Pediatric critical care unit

52 16

134,929 9,833

228 10

7.69% 6.25%

84.62% 56.25%

5.77% 0%

5

7,371

11

20%

80%

0%

Inpatient rehab unit Long-term acute care Hematology/oncology unit

16 7 8 3 1

12,804 50,279 35,566 6,378 810

14 77 53 15 0

0% 0% 25% 0% 0%

87.5% 100% 75% 100% 100%

6.25% 0% 0% 0% 0%

Pediatric hematology/oncology unit Bone marrow transplant unit

N/A *Eight hospitals (66.67%) had too few procedures to calculate statistical percentage Eleven hospitals (22.45%) had too few procedures Eleven hospitals (20.75%) had too few procedures Six hospitals (12%) had too few procedures Twelve hospitals (35.29%) had too few procedures Seven hospitals (11.29%) had too few central line days to calculate a statistical percentage One hospital (1.92%) had too few central line days Six hospitals (37.5%) had too few central line days N/A One hospital (6.25%) had too few central line days N/A N/A N/A N/A

SIR=Standardized Infection Ratio for all hospitals reporting SIR Interpretation: Statistically lower than the standard population; statistically not different from the standard population; statistically higher than the standard population *Small numbers of procedures of 20 or fewer are not reported to protect confidentiality.

Source: S.C. Department of Health and Environmental Control 2010 summary data for HAI Comparison Report

www.charlestonbusiness.com | 2011 Market Facts

96

Government

0%

Business Resources

29

Medical & Health Care

3,930

Surgical Procedures Coronary artery bypass graft (chest and donor incision)

Comments*

Hospitality & Tourism

16

Hospital Acquired Infections

Import/export & distribution

# Hospitals Performing Procedure

Note: Includes Acute Care Hospitals, Excludes Newborns Source: S.C. Budget and Control Board, Office of Research & Statistics

Education

1 Vaginal delivery without complications..................................2,598..........7.40% 2 Psychoses.............................................................................1,040..........2.90% 3 Major joint replacement or reattachment of lower extremity without complications............................................1,008..........2.90% 4 Cesarean section without complications...................................988..........2.80% 5 Cesarean section with complications.......................................645..........1.80%

Employment & Economic development

Vaginal delivery without complications.....................................891..........6.60% Cesarean section without complications...................................442..........3.30% Major joint replacement or reattachment of lower extremity without complications ..............................................373..........2.80% 4 Esophagitis, gastroenteritis and miscellaneous digestive disorders without complications...............................................369..........2.70% 5 Uterine and adnexa procedure for nonmalignancy without complications..............................................................286..........2.10% 6 Psychoses................................................................................250..........1.90% 7 Chest pain................................................................................237..........1.80% 8 Cesarean section with complications.......................................192..........1.40% 9 Cervical Spinal Fusion without complications...........................178..........1.30% 10 Spinal fusion except cervical without complications.................166..........1.20%

Demographics

Vaginal delivery without complications..................................1,187..........8.00% Cesarean section without complications...................................514..........3.50% Major joint replacement or reattachment of lower extremity without complications..............................................................390..........2.60% 4 Uterine and adnexa procedure for nonmalignancy without complications....................................................................338........... 2.30% 5 Esophagitis, gastroenteritis and miscellaneous digestive disorders without complications..........................................................................279..........1.90% 6 Cesarean section with complications.......................................277..........1.90% 7 Chest pain................................................................................242..........1.60% 8 Red blood cell disorders without complications........................232..........1.60% 9 Psychoses................................................................................218..........1.50% 10 Cellulitis without complications................................................193..........1.30%

Financial Services

Percent Rank Diagnosis Related Group Name Discharges of Total 6 Rehabilitation with complications.............................................602..........1.70% 7 Esophagitis, gastroenteritis and miscellaneous digestive disorders without complications..............................................................594..........1.70% 8 Red blood cell disorders without complications........................580..........1.60% 9 Uterine and adnexa procedure for nonmalignancy without complications..............................................................517..........1.50% 10 Vaginal delivery with complications..........................................516..........1.50%

Percent Rank Diagnosis Related Group Name Discharges of Total

Real Estate

Top 10 Reasons for Inpatient Hospitalization by County, 2010

69

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Business resources

Business Resources

W

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.

Chambers of Commerce.............. 72 Business Assistance.................... 72 Miscellaneous Business Directory....................... 74 Economic Development............... 76 Human Resources........................ 76

Business Resources

This section is sponsored by:

Government

70

70 2011 Market Facts | www.charlestonbusines s.com

Technology.................................. 76 Financial Assistance.................... 77

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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

Government

72

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 Toll Free: 800-882-0337 www.berkeleysc.org Supports more than 400 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 4500 Leeds Ave., Suite 100 North Charleston, SC 29405 Mailing address: P.O. Box 975 Charleston, SC 29402-0975 843-577-2510 www.charlestonchamber.net Serves to advance the region’s economy, improve the quality of life and ensure the success of each member. Affiliate organizations include Charleston Young Professionals, The Education Foundation, World Trade Center Charleston and Center for Business Research.

Greater Summerville/Dorchester County Chamber of Commerce 402 N. Main St. Summerville, SC 29483

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 1301 Gervais St., Suite 1100 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.

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Business Assistance 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 1515 Burnette Drive Columbia, SC 29210 803-254-2525 http://columbia.bbb.org BBBs are nonprofit organizations financed almost exclusively by membership dues paid by businesses and professional firms

Fax (843) 747-4726

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Center for Business Research 4500 Leeds Ave., 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 Center for Business Research serves as the center for the compilation, interpretation and distribution of business and economic data for the three-county area to help

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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.

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Business resources

S.C. Department of Commerce 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.

Education Import/export & distribution

S.C. Department of Labor, Licensing and Regulation (Professional & Occupational License) Synergy Business Park Kingstree Building 110 Centerview Drive Columbia, SC 29210 803-896-4300 www.llr.state.sc.us Provides information and forms for obtaining

Employment & Economic development

S.C. Association of Counties 1919 Thurmond Mall Columbia, SC 29201 Mailing address: P.O. Box 8207 Columbia, SC 29202-8207 803-252-7255, 800-922-6081 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 â&#x20AC;&#x153;one-stop shopâ&#x20AC;? 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.

Demographics

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

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 Downtown Charleston 68 Calhoun St. Charleston, SC 29401 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.

Financial Services

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.

Charleston Small Business Information Center 4500 Leeds Ave., Suite 100 North Charleston, SC 29405 Mailing address: P.O. Box 975 Charleston, SC 29402-0975 www.smallbusinesscharleston.org A one-stop small business center operated by the Small Business Administration in partnership with the Charleston Metro Chamber of Commerce and Trident One Stop; has resources for addressing a broad variety of business startup and development issues.

Real Estate

existing area firms as well as those outside the region, make better business decisions regarding their investment in the area and its economy.

Hospitality & Tourism Medical & Health Care Business Resources Government

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www.charlestonbusiness.com | 2011 Market Facts

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state business licenses. In addition to the state license requirement, businesses should check with city, townships and county business license authorities.

Minority Business Development Agency – Columbia 1515 Richland St. Columbia, SC 29201 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.

Tate Center for Entrepreneurship College of Charleston School of Business 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 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.

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Business resources

Government

74

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74 2011 Market Facts | www.charlestonbusines s.com

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 Bar-coding & Universal Product Code (UPC) GS1 US 7887 Washington Village Drive, Suite 300 Dayton, OH 45459 937-435-3870 www.gs1us.org Copyrights U.S. Copyright Office 101 Independence Ave. SE Washington, DC 20559-6000 202-707-3000 www.copyright.gov

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. Broadcasters Association 1 Harbison Way, Suite 112 Columbia, SC 29212 803-732-1186 www.scba.net S.C. Commission on Women 1205 Pendleton St. Columbia, SC 29201 803-734-5806 www.govoepp.state.sc.us/sccw S.C. Department of Health & Environmental Control 2600 Bull St. Columbia, SC 29201 803-898-3432 www.scdhec.net

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

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Business resources

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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. Materials Management Office 1201 Main St., Suite 600 Columbia, SC 29201 803-737-0600 www.mmo.sc.gov 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

Economic Development 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 workforce training.

Organized as a public-private nonprofit corporation funded jointly by the three county governments and more than 100 area businesses.

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 positive economic change within South Carolina, and disseminates research findings and conclusions both to scholarly and lay audiences.

SC Launch Columbia Office: 1000 Catawba St. Columbia, SC 29201 Charleston office: 645 Meeting St. Charleston, SC 29403 Greenville office: CU-ICAR International Center for Automotive Research 5 Research Drive (Fourth Floor) Greenville, SC 29607 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.

S.C. Association of Community Development Corporations P.O. Box 20577 Charleston, SC 29413 843-579-9855 www.communitydevelopmentsc.org A statewide trade association of nonprofit, community-based development corporations within the state’s economically distressed 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.

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.

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.

SCRA 5300 International Blvd.

North Charleston, SC 29418 843-760-3200 Corporate office: 1000 Catawba St. Columbia, SC 29201 803-799-4070 Clemson office: 81 Technology Drive Clemson Research Park Anderson, SC 29625 864-646-4500 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.

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. 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.

Human Resources

S.C. Economic Developers Association P.O. Box 1763 Columbia, SC 29202 803-929-0305 www.sceda.org A statewide association of more than 550 member organizations whose primary objective is to increase the effectiveness of those involved in economic development in South Carolina.

S.C. Society for Human Resource Management – Tri-county Chapter P.O. Box 6272 North Charleston, SC 29419 843-819-5129 http://tchrma.shrm.org/ 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. 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

S.C. Department of Employment & Workforce 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 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.

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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.

S.C. Technology Alliance 1201 Main St., Suite 2010 Columbia, SC 29201 803-748-1323 www.sctech.org Established to help prepare a technologycapable workforce, 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.

Business resources

Import/export & distribution

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Education

BCI Lending Services/Business Carolina Inc. 1523 Huger St., Suite A 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.

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.

Employment & Economic development

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.

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.

Demographics

Financial assistance

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 cityâ&#x20AC;&#x2122;s Renewal Community designation.

Financial Services

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., an affiliated 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.

Real Estate

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

Hospitality & Tourism Medical & Health Care Business Resources

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2025 Tellico Rd, Charleston, SC 29405 843-577-6840 â&#x20AC;˘ 877-9SONOCO www.sonocorecycling.com recyclinginfo@sonoco.com

Government

77

Field Supply Manager: Tim Hoover tim.hoover@sonoco.com 843-861-9454 www.charlestonbusiness.com | 2011 Market Facts

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Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

government

Interior of the rotunda at the S.C. Statehouse (Photo/Leslie Burden)

Government

Legislative Representatives....80 U.S. Senate.................................. 80

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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........................... 80 State Senate................................ 80 State House of Representatives........................... 80 Constitutional Offices.............82 County Administration.................. 82 County Economic Directors.......... 82

This section is sponsored by:

County Auditors........................... 82

Business Resources

County Treasurers........................ 82

Government

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Tri-county Municipalities.............. 82

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Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

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government

Government

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Legislative Representatives S.C. Governor Gov. Nikki Haley 1205 Pendleton St. Columbia, SC 29201 803-734-2100 www.governor.sc.gov

S.C. Lieutenant Governor Ken Ard State House, First Floor P.O. Box 142 Columbia, SC 29201 803-734-2080 www.ltgov.sc.gov

U.S. Senate

Lindsey Graham (R) 290 Russell Senate Office Building Washington, DC 20510 202-224-5972 www.lgraham.senate.gov Local office: 530 Johnnie Dodds Blvd., Suite 202 Mount Pleasant, SC 29464 843-849-3887 Jim DeMint (R) 167 Russell Senate Office Building Washington, DC 20510 202-224-6121 www.demint.senate.gov Local office: 39 Broad St., Suite 300 Charleston, SC 29401 843-727-4525

U.S. House of Representatives Tim Scott (R) 1st District – Horry, Berkeley, Charleston, Dorchester and Georgetown counties 1117 Longworth House Office Building Washington, DC 20515 202-225-3176 www.timscott.house.gov Local office: 2000 Sam Rittenberg Blvd., Suite 3007 Charleston, SC 29407 843-852-2222

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.clyburn.house.gov 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 Raymond E. “Ray” Cleary III (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, Hampton, Dorchester 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. “Mike” Rose (R) District No. 38 – Charleston and Dorchester counties 613 Gressette Building Columbia, SC 29201 803-212-6056 MikeRose@scsenate.org

80 2011 Market Facts | www.charlestonbusines s.com

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 William E. “Bill” Crosby (R) District No. 117 – Berkeley and Charleston counties 310A Blatt Building Columbia, SC 29201 803-212-6879 billcrosby@schouse.gov Joseph S. Daning (R) District No. 92 – Berkeley County 310A Blatt Building Columbia, SC 29201 803-734-2951 JoeDaning@schouse.org Wendell G. Gilliard (D) District No. 111 – Charleston County 328A Blatt Building Columbia, SC 29201 803-212-6793 WendellGilliard@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 Jenny Anderson Horne (R) District No. 94 – Charleston and Dorchester counties 308A Blatt Building Columbia, SC 29201 803-212-6871 JennyHorne@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 Peter M. McCoy Jr. (R) District No. 115 – Charleston County 326A Blatt Building Columbia, SC 29201 803-212-6872 petermccoy@schouse.gov James H. “Jim” Merrill (R) District No. 99 – Berkeley and Charleston counties 308D Blatt Building Columbia, SC 29201 803-734-3972 JM1@schouse.org Christopher J. “Chris” Murphy (R) District No. 98 – Charleston and Dorchester counties 532D Blatt Building Columbia, SC 29201 803-212-6925 chrismurphy@schouse.gov Kevin R. Ryan (R) District No. 108 – Charleston and Georgetown counties 320A Blatt Building Columbia, SC 29201 803-12-6927 VOM@schouse.org F. Michael “Mike” Sottile (R) District No. 112 – Charleston County 306D Blatt Building Columbia, SC 29201 803-212-6880 MikeSottile@schouse.org Leonidas E. “Leon” Stavrinakis (D) District No. 119 – Charleston County 420D Blatt Building Columbia, SC 29201 803-734-3039 StavL@schouse.org J. Seth Whipper (D) District No. 113 – Charleston County 328C Blatt Building Columbia, SC 29201 803-734-3191 JSW@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 Statewide Offices Office of the Adjutant General Maj. Gen. Robert E. Livingston Jr., adjutant general 1 National Guard Road Columbia, SC 29201-4766 803-806-4200 www.scguard.com

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

A. Victor “Vic” Rawl (District 6) 843-766-7334 vrawl@charlestoncounty.org

David Chinnis (District 2) 843-408-1504 dchinnis@dorchestercounty.net

County Auditors

Berkeley County Janet Brown Jurosko Colleen T. Condon (District 7) George H. Bailey (District 3) 1003 U.S. Highway 52 843-225-7288 843-563-2314 Moncks Corner, SC 29461colleen@colleencondon.com gbailey@dorchestercounty.net 6120 843-719-4309 Anna B. Johnson (District 8) Larry Hargett, chairman jjurosko@co.berkeley.sc.us 843-795-3970 (District 4) State Treasurer’s Office ajohnson@charlestoncounty.org 843-514-7135 Charleston County Curtis M. Loftis Jr., lhargett@dorchestercounty.net Peggy Moseley S.C. Department of state treasurer Joseph K. Qualey (District 9) Agriculture 101 Meeting St. Wade Hampton Office Building 843-693-3434 Richard Rosebrock (District 5) Charleston, SC 29401 Hugh E. Weathers, 1200 Senate St. jqualey@charlestoncounty.org 843-871-9877 commissioner 843-958-4200 Columbia, SC 29211 rrosebrock@dorchestercounty. pmoseley@ 1200 Senate St. 803-734-2101 net Berkeley County P.O. Box 11280 charlestoncounty.org treasurer@sto.state.sc.us Government Columbia, SC 29211 www.treasurer.sc.gov William R. “Bill” Hearn Jr. Phone: 803-734-2210 Dorchester County (District 6) 843-719-4234 (Moncks www.scda.state.sc.us James “JJ” Messervy State Superintendent 843-851-8383 Corner) Main Office: of Education bill.wrhearn@gmail.com 843-723-3800 (Charleston) Attorney General’s Office 201 Johnston St. 843-567-3136 (St. Stephen) Alan Wilson, attorney general Mitchell M. “Mick” Zais, St. George, SC 29477 superintendent Jay Byars (District 7) Rembert Dennis Building 843-563-0118 843-832-0196 Berkeley County Council 1000 Assembly St., Room 519 Rutledge Building Summerville Office: 1429 Senate St. byarsj@dorchestercounty.net 500 N. Main St. Daniel W. “Dan” Davis, Columbia, SC 29201 Columbia, SC 29201 chairman and county 803-734-3970 Summerville, SC 29483 803-734-8500 supervisor County Economic 843-832-0169 info@scattorneygeneral.com info@ed.sc.gov 1003 U.S. Highway 52 www.scattorneygeneral.org auditoradmin@ Directors www.ed.sc.gov/ Moncks Corner, SC 29461 dorchestercounty.net Ext. 4094 S.C. Department of Berkeley County Economic www.berkeleycountysc.gov County Commerce Development Robert M. Hitt III, secretary 1201 Main St., Suite 1600 Columbia, SC 29201-3200 803-737-0400 info@sccommerce.com www.sccommerce.com

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

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 Herbert Ravenel Sass III (District 1) 843-766-7500 hsass@charlestoncounty.org Dickie Schweers (District 2) 843-513-9229 dickieschweers@tds.net J. Elliott Summey (District 3) 843-200-4244 esummey@charlestoncounty.org Henry Darby (District 4) 843-697-7715 henrydarby@msn.com Teddie E. Pryor Sr., chairman (District 5) 843-958-4030 tpryor@charlestoncounty.org

Gene Butler Phillip Farley (District 1) 1003 U.S. Highway 52 843-747-2486 P.O. Box 6122 Moncks Corner, SC 29461 Timothy J. Callanan (District 2) 843-719-4096 843-628-6363 www.co.berkeley.sc.us gbutler@co.berkeley.sc.us Robert O. Call Jr. (District 3) Charleston County Economic 843-764-1976 Development J. Steven Dykes, director Cathy S. Davis (District 4) Lonnie Hamilton III Public 843-875-9541 Services Building 4045 Bridge View Drive Dennis Fish (District 5) Charleston, SC 29405 843-871-9028 843-958-4506 sdykes@charlestoncounty.org Jack H. Schurlknight (District 6) www.charlestoncounty.org 843-761-4303 Dorchester County Economic Caldwell Pinckney Jr. (District 7) Development 843-753-7377 Jon Baggett P.O. Box 340 Steve C. Davis (District 8) 402 N. Main St. 843-761-7727 Summerville, SC 29484 843-875-9109 Dorchester County jon@DorchesterForBusiness.

Administrator com Jason L. Ward, administrator www.dorchestercounty.net 201 Johnston St. St. George, SC 29477 843-832-0100 www.dorchestercounty.net Dorchester County Council Willie R. Davis (District 1) 843-832-2739 wdavis@dorchestercounty.net

82 2011 Market Facts | www.charlestonbusines s.com

County Treasurers Berkeley County Carolyn Umphlett P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4040 Charleston County Andrew C. Smith Main Office: O.T. Wallace County Office Building 101 Meeting St. Suite 240 Charleston, SC 29402 843-958-4360 East Cooper Service Center: 1189 Sweetgrass Basket Parkway Mount Pleasant, SC 29464 843-856-1201 North Charleston Service Center: Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Suite B101 Charleston, SC 29405 St. Paul’s Service Center: 5962 S.C. Highway 165 Suite 300 Ravenel, SC 29470 843-889-8351

Dorchester County Main Office: Mary L. Pearson 201 Johnston St. St. George, SC 29477 843-563-0165 Summerville Branch: 500 N. Main St. Summerville, SC 29483 843-832-0165 mpearson@dorchestercounty. net

Tri-county Municipalities Population data based on 2010 Census Awendaw Population: 1,294 Mayor: Samuel N. Robinson 6971 Doar Road Awendaw, SC 29429 843-928-3100 samueln@tds.net Bonneau Population: 487 Mayor: Rembert E. Wrenn 420 Municipal Lane Bonneau, SC 29431 843-852-3385 www.bonneausc.com/ Charleston Population: 120,083 Mayor: Joseph P. Riley Jr. 50 Broad St. Charleston, SC 29401 843-577-6970 www.charlestoncity.info Building and Construction Permits: 843-577-5550 Business Licenses: 843-724-3796 Construction Permits: 843-724-7431 Economic Development: 843-724-3773 Zoning: 843-724-3765 Folly Beach Population: 2,617 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: 843-708-9982

government

Rockville Population: 134 Mayor: Mary Ann Cates P.O Box 9 Wadmalaw Island, SC 29487 843-559-0938 www.townofrockville.com

Sullivan’s Island Population: 1,891 Mayor: Carl J. Smith 1610 Middle St. P.O. Box 427 Sullivan’s Island, SC 29482 843-883-3198 www.sullivansisland-sc.com Summerville Population: 45,239 Mayor: Bill Collins 104 Civic Center 200 S. Main St. Summerville, SC 29483 843-871-6000 www.summerville.sc.us

Import/export & distribution

St. George Population: 2,146 Mayor: Anne Johnston 305 Ridge St. P.O. Box 904

Seabrook Island Population: 1,214 Mayor: William F. Holtz 2001 Seabrook Island Road Seabrook Island, SC 29455 843-768-9121 www.townofseabrookisland. org

Education

Lincolnville Population: 1,139 Mayor: Tyrone E. Aiken P.O. Box 536 Lincolnville, SC 29485 843-873-3261 www.lincolnvillesc.com

Ridgeville Population: 1,979 Mayor: James Williams P.O. Box 238 Ridgeville, SC 29472 843-871-7960

St. Stephen Population: 1,798 Mayor: Robert B. Hoffman 124 Hood St. St. Stephen, SC 29479 843-567-3597

Employment & Economic development

Hollywood Population: 4,714 Mayor: Jacquelyn S. Heyward 6322 S.C. Highway 162 P.O. Box 519 Hollywood, SC 29449 843-889-3222 www.townofhollywood.org

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

Reevesville Population: 196 Mayor: Paul Wimberly P.O. Box 126 Reevesville, SC 29471 843-563-2058

St. George, SC 29477 843-563-3032

Demographics

Kiawah Island Population: 1,626 Mayor: G. Steven Orban 21 Beachwalker Drive Kiawah Island, SC 29455 843-768-9166 www.kiawahisland.org

Ravenel Population: 2,465 Mayor: Opal N. Baldwin 5962 S.C. Highway 165 Suite 100 Ravenel, SC 29470 843-889-8732 www.townofravenel.com

Financial Services

Harleyville Population: 677 Mayor: Charles Ackerman 119 S. Railroad Ave. Harleyville, SC 29448 843-462-7676 www.harleyvillesc.com

Meggett Population: 1,226 Mayor: Harry V. “Buster” Herrington III 4776 S.C. Highway 165 Meggett, SC 29449 843-889-3622 www.townofmeggettsc.org

Mount Pleasant Population: 67,843 Mayor: Billy Swails 100 Ann Edwards Lane P.O. Box 745 Mount Pleasant, SC 29464 843-884-8517 www.townofmountpleasant. com Building Inspection & Zoning: 843-884-5184 Business Licenses: 843-849-2786 Economic Development: 843-856-8517 North Charleston Population: 97,471 Mayor: R. Keith Summey 2500 City Hall Lane P.O. Box 190016 North Charleston, SC 29406 843-554-5700 www.northcharleston.org Building Inspection & Permits: 843-740-2530 Economic Development: 843-740-2530 Zoning: 843-740-2582

Real Estate

McClellanville Population: 499 Mayor: Rutledge B. Leland III 405 Pinckney St. McClellanville, SC 29458 843-887-3713 www.townofmcclellanville-sc. net

Hanahan Population: 17,997 Mayor: Minnie N. Blackwell 1255 Yeamans Hall Road Hanahan, SC 29406 843-554-4221 www.cityofhanahan.com

Isle of Palms Population: 4,133 Mayor: Dick Cronin 1207 Palm Blvd.

Isle of Palms, SC 29451 843-886-6428 www.isle-of-palms.sc.us Building Permits & Business Licenses: 843-886-9912 Jamestown Population: 72 Mayor: Roy P. Pipkin 7604 S.C. Highway 41 P.O. Box 145 Jamestown, SC 29453 843-257-2233 www.bcdcog.com

Goose Creek Population: 35,938 Mayor: Michael J. Heitzler 519 N. Goose Creek Blvd.

Goose Creek, SC 29445 843-797-6220 www.cityofgoosecreek.com Planning Department: 843-797-6220, ext. 118

Hospitality & Tourism Medical & Health Care Business Resources Government

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Real Estate Financial Services

Heritage Trust Federal Credit Union......................................................... 23

Barkley Company, The............................................................................ 17

Home Telephone Co................................................................................ 73

Caldwell Commercial Real Estate Services.............................................. 11

Kontane Logistics, Inc............................................................................. 54

Carolina Commercial LLC........................................................................ 20

Liquid Box.............................................................................................. 54

CB Richard Ellis Carmody Co..................................................................... 9

Marshall Walker Group............................................................................ 29

CCBG Real Estate Group......................................................................... 18

MUSC..................................................................................................... 65

CF Evans & Company Construction........................................................... 8

NAI Avant-Vanguard Development......................................................16, 21

Charleston County Park and Recreation Commission.............................. 59

Palmetto Primary Care Physicians........................................................... 67

Charleston Harbor Resort & Marina......................................................... 57

PDA........................................................................................................ 61

Charleston Heating and Air...................................................................... 13

Pinckney-Carter Company...................................................................... 72

Charleston Metro Chamber of Commerce............................................... 75

Quality Touch Janitorial Services Inc....................................................... 20

Charleston Southern University............................................................... 46

Regal Logistics....................................................................................... 51

Citadel Graduate College, The................................................................. 43

Rogers & Brown Custom Brokers Inc....................................................... 55

Coastal Community Foundation............................................................... 41

SAIC....................................................................................................... 81

Coldwell Banker Commercial/Atlantic International Inc.............................. 8

Santee Cooper........................................................................................ 83

College of Charleston ........................................................................35, 46

Saulisbury Business Machines................................................................ 74

Coppedge & Tison/Cushman & Wakefield................................................ 18

South Carolina Federal Credit Union........................................................ 25

Coward-Hund Construction..................................................................... 19

SCRA...................................................................................................... 39

Crest Contracting.................................................................................... 12

SIOR Designation Charleston.................................................................. 15

Daniel Ravenel Sothebyâ&#x20AC;&#x2122;s International Realty........................................... 5

Sonitrol Security Systems of Charleston.................................................. 72

Darla Moore School of Business, USC..................................................... 47

Sonoco Recycling....................................................... Inside Front Cover, 77

Delta Dental............................................................................................ 73

SouthCon Building.................................................................................. 10

Durlach Associates................................................................................. 12

Spirit Communications............................................................................ 71

Eckert Insurance Group........................................................................... 74

Town of Mount Pleasant.......................................................................... 79

Elliott Davis LLC...................................................................................... 27

Trident Construction................................................................................ 10

Francis Marion Hotel............................................................................... 60

Trident Health System............................................................................. 66

G4S Secure Solutions USA...................................................................... 31

Trident Technical College .....................................................Back Cover, 45

84 Harbor National Bank.............................................................................. 26

Webster Rogers LLP................................................................................ 31

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

Employment & Economic development

Anchor Commercial Real Estate Services..................... Inside Back Cover, 7

Education

advertiserS

Import/export & distribution

Demographics

INDEX OF

HDR Inc. of the Carolinas........................................................................ 17

84 2011 Market Facts | www.charlestonbusines s.com