2014 Charleston Market Facts by SC Biz News

2014

MARKET FACts 09

14 04

$206K 50.81% Median sales price for 2013 for homes in Charleston area, more than $16,000 higher than 2012.

Dorchester County, had the stateâ&#x20AC;&#x2122;s second fastest-growing population from 2000-2013.

$1.2B

3.9%

Economic development in Charleston County, up 640% from the previous year, resulting in nearly 2,500 jobs.

Annual increase in value of goods exported from the Port of Charleston to $26.1 billion.

Sponsored by

lowcountry newsroom Managing Editor - Andy Owens aowens@scbiznews.com • 843.849.3142 Senior Copy Editor - Beverly Barfield bbarfield@scbiznews.com • 843.849.3115 Staff Writer - Liz Segrist lsegrist@scbiznews.com • 843.849.3119 Staff Writer - Ashley Barker abarker@scbiznews.com • 843.849.3144 Editorial Assistant - Chris McCandlish chrism@scbiznews.com • 843.849.3123 Research Specialist - Melissa Verzaal mverzaal@scbiznews.com • 843.849.3104 Associate Editor, Special Projects - Jenny Peterson jpeterson@scbiznews.com • 843.849.3145 Senior Graphic Designer - Jane Mattingly jmattingly@scbiznews.com • 843.849.3118 Graphic Designer - Andrew Sprague asprague@scbiznews.com • 843.849.3128 midlands newsroom Editor - James T. Hammond jhammond@scbiznews.com • 803.726.7545 Staff Writer - Chuck Crumbo ccrumbo@scbiznews.com • 803.726.7542 Special Projects Editor - Licia Jackson ljackson@scbiznews.com • 803.726.7546 Research Specialist - Patrice Mack pmack@scbiznews.com • 803.726.7544 Upstate newsroom Editor - Scott Miller smiller@scbiznews.com • 864.235.5677, ext. 102 Copy Editor - Don Fujiwara dfujiwara@scbiznews.com • 864.235.5677, ext. 106 Staff Writer - Bill Poovey bpoovey@scbiznews.com • 864.235.5677, ext. 104 Staff Writer - Ashley Boncimino ashleyb@scbiznews.com • 864.235.5677, ext. 103 Graphic Designer - Jean Piot jpiot@scbiznews.com • 864.235.5677, ext. 105 Graphic Designer - Mallory Baxter mbaxter@scbiznews.com • 864.235.5677, ext. 115 Lowcountry Account executives Senior Account Executive - Sue Gordon sgordon@scbiznews.com • 843.849.3111 Senior Account Executive - Robert Reilly rreilly@scbiznews.com • 843.849.3107 Account Executive - Sara Cox scox@scbiznews.com • 843.849.3109 Account Executive - Bennett Parks bparks@scbiznews.com • 843.849.3126

Welcome Palpable, positive change

ne of my traditional time markers occurs when our editorial staff pesters me to write an introduction to Market Facts. Like most business owners, I have the bad habit of getting my head down in the weeds and not looking up until something or someone prods me to do so. Time has not only flown by, it seems to have been outpaced by the changes taking place in the region. I’m sure there is a physics major somewhere who will find fault with that statement, but bear with me. I have lived here virtually my entire life, and I have never seen the region buzzing with this much excitement. Well, maybe once, when we lost the Navy base and shipyard. But that was crisis management. This is something completely different. It’s palpable. It’s positive. You can just feel the buzz. For at least an entire generation, we’ve had a sleepy suburban feel, with the exception of tourism, and suddenly, we are buzzing in the urban core. This next generation of entrepreneurs not only thrives in the density that only urban settings can provide, it demands it. And the region had the raw product. Throw those two elements together and —Boom! It’s not all Utopia, of course. We’ve got to fix a lot of stuff quickly. Transportation, education, housing affordability — unless you’ve been living in a cave, you know this list. Time is not on our side with these issues. But ready or not, we’re about to hit warp speed. This is going to be quite a ride. So here’s a nice big book full of trending facts to give you some indication of where we are heading. When we came up with the original idea of publishing Grady Johnson Market Facts, we envisioned it as a tool for our readers to use for new or updating CEO and existing business plans. It was actually born out of our need to gather facts and Group Publisher data to support our own expansion. When we found out what a pain it was to find everything we needed, we had an epiphany: “Somebody ought to publish this stuff!” Of course, nobody hip and trendy just writes out a business plan anymore. But you sure better do your research before you launch. As this 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 grasp of what drives the region’s business community. Our creative director, Ryan Wilcox, is a master at presenting complex information in a way that is pleasing to the eye and easily understandable, and Market Facts is his tour de force. Each year, Ryan and his team improve the layout by including more art, shading and highlighting of important facts; and by adding footnotes and explanations to help make the data more user-friendly. Again this year, we engaged Veronica Watson, a graduate of the University of South Carolina’s Darla Moore School of Business with a master’s degree in economics, to do the research. 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, HITT and Trident Technical College Continuing Education, as well as all of our section sponsors and advertisers, for enabling us to provide this valuable resource for the region’s business decision-makers. Enjoy!

South Carolina’s Media Engine for Economic Growth President and Group Publisher - Grady Johnson gjohnson@scbiznews.com • 843.849.3103 Vice President of Sales - Steve Fields sfields@scbiznews.com • 843.849.3110 Creative Director - Ryan Wilcox rwilcox@scbiznews.com • 843.849.3117 Director of Audience Development - Rick Jenkins rjenkins@scbiznews.com • 864.235.5677, ext. 112 Event Manager - Kathy Allen kallen@scbiznews.com • 843.849.3113 Audience Development & IT Manager - Kim McManus kmcmanus@scbiznews.com • 843.849.3116 Audience Development Specialist - Jessica Smalley jsmalley@scbiznews.com • 864.235.5677 ext. 116 Event Planner - Jacquelyn Fehler jfehler@scbiznews.com • 864.235.5677, ext. 113 Accounting Manager - Vickie Deadmon vdeadmon@scbiznews.com • 864.235.5677, ext. 100 Custom media division Director of Business Development - Mark Wright mwright@scbiznews.com • 843.849.3143 Account Executive - Mariana Hall mhall@scbiznews.com • 843.849.3105

SUBSCRIPTION INFORMATION Charleston Regional Business Journal (USPS 0018-822) is published biweekly, 27 times per year, including one special issue in January, by SC Biz News. P.O. Box 446, Charleston, SC 29402. Periodicals postage paid at Charleston, SC. Mailing address: 1439 Stuart Engals Blvd., Suite 200 Mount Pleasant, SC 29464. Postmaster: Send address changes to: Charleston Regional Business Journal, P.O. Box 446, Charleston, SC 29402

Annual subscribers receive 27 issues of the Business Journal including The Book of Lists and Newsmakers, plus four special supplements: Profiles in Business, Event Planning Guide, Market Facts, and Giving. One year (26 issues) for $49.95; two years (52 issues) for $84.95; three years (78 issues) for $ 119.95. Subscribe, renew, change your address or pay your invoice by credit card online at www.charlestonbusiness.com or call 843-849-3116.

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

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.

CONTENTS 4

Real Estate & construction

Section Sponsor

Demographics

Section Sponsor

36 Employment & Economic Development

Section Sponsor

education

Section Sponsor

Hospitality & Tourism

Business Resources Section Sponsor

Import/Export & Distribution Section Sponsor

Section Sponsor

Financial Services

Medical & Health Care Section Sponsor

Government Section Sponsor

Real estate & Construction

Title SPONSORs

financial services Demographics

Employment & Economic Dev. Education

ou know us…you trust us…we’ve been your community partner in education for 50 years. Remember that friend who took classes to get re-certified or the neighbor who enjoyed a cooking workshop? How about when your grandchild enrolled in a Kids College class for fun? Or when you congratulated a colleague who got a big promotion and you heard all about the classes they took here that gave them the edge over the competition. TTC’s Division of Continuing Education offers more than 50 certification tracks and has courses in green business, health care, IT, manufacturing, personal enrichment and professional development. And when you need to train your employees in a cost-effective, time efficient manner, remember that we can design custom training programs for your company, either onsite or at one of our campuses. Thank you for letting us serve you for the last 50 years...we look forward to the next 50!

import/Export & Distribution

Hospitality & Tourism Government

2014 Market Facts

Business Resources

www.charlestonbusiness.com |

Medical & Health Care

ocused on Building Relationships and repeat client work, HITT Contracting provides turn-key construction services throughout the United States. Our relationship-focused approach is the driving force behind our goal of 100% client satisfaction. We achieve this by concentrating on our strengths, utilizing our vast resources and delivering on promises. We pride ourselves in providing first class construction management by delivering quality projects on time, on budget, and with a clean and controlled job site. HITT opened its first regional office in Charleston in 1998 to service existing clients and a rapidly growing region. HITT’s Charleston office ranks among the top 5 largest contractors in the area and is consistently recognized for quality. In Charleston, HITT specializes in campus development, corporate interiors, healthcare, hospitality, educational facilities, industrial, aviation, law firms, defense and government projects.

Real estate & Construction financial services Demographics Employment & Economic Dev.

REAL ESTATE & CONSTRUCTION

DOM < 80

There probably isn’t a bigger Market Fact that shows how the Charleston area’s ing the Great Recession than the number of days homes are spending on the market. Days on the market refers to how quickly a home sells. The lower the number, the quicker the sale and the healthier the market. DOM figures into the commercial market and manufacturing sector as well, because housing turns come quicker when people move in for more jobs. And people move up into better homes because they’re making more money. During the latest recession, DOM told the story of how weak the real estate market was in Charleston, even into 2012, when homes were taking well over 100 days before closing. Today, things have changed.

Section Sponsor

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

commercial and residential real estate market has changed in the years follow-

REal estate & construction | www.charlestonbusiness.com

Fast Facts 13,038

Total home sales in 2013 in the Charleston area, up 23% from 2012. Page 6

$13.91

Average rate per square foot for retail space in the region in Q1 of 2014. Page 13

14.5%

Percentage change in housing building permits filed in the Charleston area from 2012 to 2013. Page 18

Real estate & Construction financial services

Charleston-area housing market

For a list of Residential Real Estate Companies, see page 158 of the 2014 Book of Lists or visit www.scbiznews.com/data.

Median home sales prices by year, 2009-13 Property types: single-family detached, single-family attached, manufactured/mobile homes

323 sold

$260K

$400,000$999,999

$240K Demographics

$1,000,000 and more

$220K

2013 sales by price range Charleston MLS 2009 2010 2011 2012 2013

2009 2010 2011 2012 2013

$140K

2009 2010 2011 2012 2013

$160K

Education

Employment & Economic Dev.

$180K

Berkeley

Charleston

Dorchester

Note: Inventory calculation is active listings plus contingent listings Source: Charleston Trident Association of Realtors

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

1,961 sold

1,918 sold

$200K

$0-$99,999

REal estate & construction | www.charlestonbusiness.com

$200,000$399,999

$100,000$199,999

4,458 sold

4,378 sold Source: Charleston Trident Association of Realtors 2013 Annual Report

140

â&#x20AC;&#x201C; Single-Family

Some sellers report homes being sold in just a few days, a trend that keeps prices stable or rising and fuels even faster sales in the residential market.

130

120

Demographics

110

Employment & Economic Dev.

100

Jan. 2010

Jan. 2011

Jan. 2012

Education

70 Jan. 2009

financial services

Market speeds up

â&#x20AC;&#x201C; Condos

Real estate & Construction

Days on the market until sale

Jan. 2013

import/Export & Distribution

Source: Charleston Trident Association of Realtors 2013 Annual Report

Hospitality & Tourism Medical & Health Care

Business Resources

www.tridentconstruction.com 572-7600

Government

www.charlestonbusiness.com |

REal estate & construction

Real estate & Construction financial services

Housing density S.C. Community Loan Fund and Charleston Trident Assocation of Realtors recently published the 2014 Charleston Tri-County Region Housing Blueprint. With the Lowcountryâ&#x20AC;&#x2122;s population projected to reach 1 million by 2027, more than 300,000 new, primarily single-person, housing

This information originally appeared in the 2014 Housing Blueprint. View it online at issuu.com/scbiz/docs/2014housingblueprint

units will be needed. Here are several data points from the blueprint:

High home prices

Housing density

Population density

The regionâ&#x20AC;&#x2122;s home prices do not correlate with housing and population density compared with peer cities.

Housing density refers to the number of homes per unit of land.

Population density refers to the number of people per unit of land.

Demographics

= 300 housing units per square mile

Austin, Texas: $231,300

Richmond, Va.

1,644.4

= 500 people per square mile

Richmond, Va.

3,414.7

CHARLESTON: $224,100 Richmond, Va.: $214,925

Raleigh

Austin, Texas

Greenville

Knoxville, Tenn.

1,232,5

Raleigh

2,826.3

Austin, Texas

2,653.2

Jacksonville, Fla.: $166,500 Greenville: $159,600 Knoxville, Tenn.: $152,600 Lexington, Ky.: $148,000

Source: National Association of Realtors

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

1,026.1 893.3

REal estate & construction | www.charlestonbusiness.com

599.9

Lexington, Ky.

1,504.9 1,331.8 1,321.2

Savannah

Lexington, Ky.

476.5

Charleston

Source: U.S. Census Bureau

2,404.7

Jacksonville, Fla.

490.3

188.6

Knoxville, Tenn.

Jacksonville, Fla.

Charleston

1,189.13

Savannah

Education

Employment & Economic Dev.

Raleigh, N.C.: $198,800

Greenville

1,101.9 896.5

Source: U.S. Census Bureau

Real estate & Construction

Housing affordability in the Charleston region Even with the widening of Interstate 26 throughout the region and Johnnie Dodds

financial services

Boulevard in Mount Pleasant, the region continues to find itself snarled in traffic and congestion, which impacts quality of life and prospects for creating and growing businesses. Housing affordability contributes to this by requiring teachers, firefighters, police officers, paramedics, service industry workers and young professionals to drive to

Demographics

find homes they can afford. Source: S.C. Community Loan Fund

Cost of housing

Employment & Economic Dev.

$50

$45.11/hour

A worker must earn to afford the average priced home in the Charleston region, which sits at $281,459.

$40

Education

$32.37/hour

$30

import/Export & Distribution

A worker must earn to afford the median priced home of $202,000.

Charlestonâ&#x20AC;&#x2122;s average wage per hour is

$19.80

Hospitality & Tourism

$20

$14.61/hour

$15.62/hour

$20.02/hour Teacher

$9.71/hour

$15.62/hour

Wage per hour

Firefighter

Service Industry

Administrative Assistant

Police

Business Resources

Medical & Health Care

$10

Sources: S.C. Community Loan Fund, Center for Business Research

Government

This information originally appeared in the 2013 Economic Scorecard produced by the Charleston Regional Development Alliance and the Charleston Metro Chamber of Commerce. View it online at issuu.com/scbiz/docs/2013crdascorecard

www.charlestonbusiness.com |

REal estate & construction

Real estate & Construction financial services

New construction Percentage of original asking price received 102% – Previously owned –New construction 100.5% The supply of new homes is so low that buyers are paying more than the original asking price.

100%

Demographics

98%

Months’ supply of new construction vs. previously owned – Previously owned

96% 15.0

94% Employment & Economic Dev.

– New construction

13.3 10.5

92% 8.9 7.2

90%

7.6 6.5 4.4

86% Jan. 2009

Jan. 2010

Jan. 2011

Hospitality & Tourism Medical & Health Care

Business Resources Government

Jan. 2012

Jan. 2013

2009

2010

2011

2012

3.9

2013

Source: Charleston Trident Association of Realtors 2013 Annual Report

import/Export & Distribution

Education

88%

5.2

REal estate & construction | www.charlestonbusiness.com

- 200 housing permits - 2012

- $50,000,000 - 2013

- 2011

- 2012

876

Berkeley

- 2013 $187,358,926

Berkeley

881 1,105

$220,981,543

$360,947,142 $477,474,749 $512,184,908

2,133

$115,550,044

469

Dorchester

653

Dorchester

$168,988,546

Education

$148,746,000

620

Employment & Economic Dev.

Charleston

1,664

Demographics

$269,800,540

1,299

Charleston

financial services

- 2011

Housing construction expenditures by county

Real estate & Construction

Housing building permits issued by county

For a list of Homebuilders, see page 154 of the 2014 Book of Lists or visit www.scbiznews.com/data.

import/Export & Distribution

Source: U.S. Census Bureau

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

REal estate & construction

Real estate & Construction financial services

Distressed homes Percentage of sales that were distressed in the Charleston area 29.9%

24.1%

Top Areas: Distressed market share in 2013 Hollywood / Ravenel / Meggett Area................27.6%

26.6%

Greater North Charleston...................................... 24.6% Rural Berkeley County............................................ 24.5%

19.0%

18.8%

Folly Beach.................................................................. 24.3% James Island............................................................... 23.7% Dorchester Road Corridor..................................... 23.3%

Demographics

Greater Summerville Area.......................................22.1% Hanahan........................................................................ 22.0% St. George/Rural Dorchester County................ 22.0% Johns Island.................................................................19.4%

Education

Employment & Economic Dev.

Goose Creek/Moncks Corner Area...................... 19.1%

2009

2010

2011

2012

Median sales price As the percentage of toxic mortages and properties fall, foreclosures and short sales will have less of an impact on conventional sales.

Sullivanâ&#x20AC;&#x2122;s Island...........................................................19.0% Wando/Cainhoy Area............................................... 18.4% West Ashley Area........................................................17.6% Upper Charleston peninsula..................................14.6%

Traditional: $225,000

Short sales: $146,750

import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

REal estate & construction | www.charlestonbusiness.com

Kiawah and Seabrook islands................................ 13.7% Edisto Area...................................................................13.0% Isle of Palms................................................................. 12.7%

Foreclosures: $115,000

Daniel Island................................................................. 12.0% Lower Mount Pleasant............................................... 11.3% Upper Mount Pleasant.............................................. 11.3% -$78,250 -$110,000

2013

Downtown Charleston............................................... 8.4%

Source: Charleston Trident Association of Realtors 2013 Annual Report

Real estate & Construction

Commercial real estate

足足Charleston market

financial services

Office data trends Net Absorption

Average Rental Rate (Full-service)

2014 1Q

8.20%

94,440 sq. ft.

$17.53

2013 4Q

8.10%

136,453 sq. ft.

$17.25

2013 3Q

8.90%

39,224 sq. ft.

$17.36

2013 2Q

8.70%

112,705 sq. ft.

$17.47

Employment & Economic Dev.

Vacancy Rate

Demographics

Quarter

Retail data trends Net Absorption

Average Rental Rate (NNN)

2014 1Q

6.80%

158,849 sq. ft.

$13.91

2013 4Q

6.90%

-48,439 sq. ft.

$14.10

2013 3Q

6.70%

91,958 sq. ft.

$14.00

2013 2Q

7.00%

-2,235 sq. ft.

$13.78

import/Export & Distribution

Vacancy Rate

Education

Quarter

Hospitality & Tourism

Industrial data trends Net Absorption

Average Rental Rate (NNN)

2014 1Q

7.50%

606,872 sq. ft.

$4.03

2013 4Q

8.70%

-88,347 sq. ft.

$4.02

2013 3Q

8.30%

-503,409 sq. ft.

$4.04

2013 2Q

7.30%

424,548 sq. ft.

$4.02

Business Resources

Vacancy Rate

Medical & Health Care

Quarter

Source: Lee & Associates Charleston & CoStar Note: Data includes buildings larger than 10,000 sq. ft.

Government

For a list of Commercial Real Estate Companies, see page 135 of the 2014 Book of Lists or visit www.scbiznews.com/data.

www.charlestonbusiness.com |

REal estate & construction

Real estate & Construction financial services

Charleston-area apartment market Average monthly rent in the Charleston area - March 2014

Education

Employment & Economic Dev.

Demographics

$900 $875

21% Monthly rental rates increased by $156 from Feb. 2010 to Aug. 2013

– Berkeley

– Charleston

7,474

– Dorchester

3,408

Summerville

Goose Creek

$850 $825 $800

5,293

4,583

North Charleston

$775

Mount Pleasant

7,508

$750

1,341

West Ashley

1,022

Downtown

James Island

$725

import/Export & Distribution

Feb. 2008

Feb. 2014

Business Resources

Medical & Health Care

Hospitality & Tourism

Source: Real Data, Charleston Apartment Index

Government

Apartment units - March 2014

REal estate & construction | www.charlestonbusiness.com

– Average Rent/Sq. Ft.

1,200

– Average Rent

$1.26

Charleston-area average rental rates — March 2014 $1,200

$1.05

$1,150

$0.79

1,100 1,050

$1,100

$1.32

$0.84 $0.78

$1,050 $1,000

750

$750

650

Goose Creek

James Island

Mount Pleasant

North Charleston

Summerville

West Ashley

$650

Source: Real Data, Charleston Apartment Index

import/Export & Distribution

Downtown

$700

Education

700

982 $875

$800

994 $834

800

955 $742

$850

966 $1,214

850

1,069 $1,126

$900

1,049 $833

900

755 $998

$950

Employment & Economic Dev.

950

Demographics

1,000 Average Sq. Ft.

$0.89

financial services

1,150

Real estate & Construction

– Average Sq. Ft.

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

REal estate & construction

Number of closed sales in S.C.

Real estate & Construction Demographics

financial services

South Carolina housing market

63,297

Comparison of S.C. housing market, 2009-2013

2009

2013

$190,773

$204,028

Average price

$147,900

$157,500

Median price

130

118

Days on market until sale

94.9%

95.6%

% of list price received

47,709

47,984

47,446

2009

2010

2011

2012

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

Employment & Economic Dev.

53,703

REal estate & construction | www.charlestonbusiness.com

2013

Percentage of list price received

Total closed sales

Education

1. Charleston Trident.......................... 12,744 2. Coastal Carolinas....................................9,875 3. Greater Greenville................................. 9,463 4. Greater Columbia.................................. 9,295 5. Hilton Head Area................................... 3,620

Employment & Economic Dev.

1. Charleston Trident................................. 77 2. Greater Greenville....................................... 89 3. Greater Columbia.......................................106 4. Western Upstate........................................... 111 5. Greater Pee Dee...........................................114

Demographics

Days on market

financial services

1. Charleston Trident.......................... 96.8% 2. North Augusta....................................... 96.2% 3. Greater Greenville..................................96.1% 4. Greater Columbia................................. 95.4% 5. Hilton Head Area...................................95.3%

Real estate & Construction

The Charleston Trident area leads South Carolina in...

Source: S.C. Association of Realtors, 2013 Annual Report

import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

REal estate & construction

45,800 fewer construction jobs

130

financial services

Real estate & Construction

Construction jobs in S.C. (in thousands)

Though jobs in the construction sector have begun to rebound, they still lag well behind the high of 127,800 in S.C. in October 2006.

120

Demographics

110

Employment & Economic Dev.

100

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Sources: Bureau of Labor Statistics

Housing building permits for S.C. cities Annual new privately owned housing units Ranking by Total Issued in 2013

Ranked by total construction costs in 2013 *In Thousands of Dollars

Total Total % Cities 2012 2013 Change Charleston-North Charleston-Summerville....... 4,732.........5,417........ 14.5% Cities

Total Total % 2012 2013 Change

Columbia....................................................................3,724...........3,638.............-2.3% Charleston-North Charleston-Summerville....... $869,075 ... $1,046,585 .....20.4% Greenville-Mauldin-Easley........................................2,397.......... 2,955............ 23.3% Greenville-Mauldin-Easley.................................. $572,659 ........ $657,641 .......14.8% Spartanburg...................................................................713.............1182............ 65.8% Columbia..............................................................$498,642 ....... $603,280 .......21.0% Sumter...........................................................................293..............583............99.0% Spartanburg............................................................$84,891 ........ $143,390 ......68.9% Anderson.......................................................................369..............532............44.2% Anderson................................................................ $73,647 ........ $103,670 ......40.8% Florence.........................................................................456.............406............-11.0% Florence...................................................................$54,672 .......... $57,299 ........ 4.8% Sumter.................................................................... $33,889 ......... $46,097 ......36.0% For a list of General Contractors, see pg. 148 of the 2014 Book of Lists or visit www.scbiznews.com/data.

REal estate & construction | www.charlestonbusiness.com

*Rounding of dollar amounts affects some percentage calculations Source: U.S. Census Bureau

Real estate & Construction financial services Demographics Employment & Economic Dev.

Ranked by Available Square Footage

Available Square Feet

Clear Height (in feet)

Dock-Height Truck Doors

Wall Type

Year Built

Brokerage Firm

Broker Phone / Website

1125 Newton Way Summerville, S.C. 29483

440,000

Metal

1999

CBRE

843-577-0702 www.cbrecharleston.com

300 Eagle Road Goose Creek, SC 29445

284,750

20-30

Block

1970

CBRE

843-577-0702 www.cbrecharleston.com

1670 Drydock Avenue North Charleston, South Carolina 29405

250,000

INP

1960

CMMC, LLC

843-554-5009 www.cmmcllc.com

5801 N. Rhett Ave. Hanahan, SC 29410

211,680

24-28

Pre-cast Concrete

1980

Jones Lang LaSalle

1-843-566-2064 www.jll.com

1124 Newton Way Summerville, SC 29483

197,000

Tilt-up

2007

Johnson Development Associates Inc.

843-853-0105 www.johnsondevelopment.net

7410 Magi Road Hanahan, S.C. 29410

151,000

Tilt-up

2000

Binswanger Southern

803-413-7169 www.binswanger.com

2550 W. Fifth North St. Summerville, SC 29483

136,680

Metal

1977

Colliers International

843-723-1202 www.colliers.com/charleston

2650 Carner Ave. North Charleston, SC 29405

127,000

Block

1965

Coldwell Banker Commercial Atlantic International Inc.

843-744-9877 www.cbcatlantic.com

7391 Pepperdam Ave. North Charleston, S.C. 29418

101,500

Precast

1977

Carolina Commercial LLC

843-805-6060 www.carolinacre.com

4400 Arco Lane North Charleston, S.C. 29418

86,000

Masonry Block

TBD

Carolina Commercial LLC

843-805-6060 www.carolinacre.com

430 Industrial Road Summerville, S.C. 29483

83,000

Precast

TBD

CBRE

843-577-0702 www.cbrecharleston.com

1031 LeGrand Blvd. Charleston, S.C. 29492

75,000

Tilt-up

2000

INP

INP INP

620 Dobbin Road Charleston, S.C. 29414

69,411

INP

TBD

INP

INP INP

412 Industrial Road Summerville, S.C. 29483

64,500

Precast

2000

CBRE

843-577-0702 www.cbrecharleston.com

Address

Source: Colliers International. INP=Information not provided. Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com, fax to 843-849-3122 or go to www.tinyurl.com/joinourlists.

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

Industrial Buildings

REal estate & construction | www.charlestonbusiness.com

Researched by Business Journal Staff

Real estate & Construction financial services Demographics Employment & Economic Dev.

Industrial Buildings Ranked by Available Square Footage

Available Square Feet

Clear Height (in feet)

Dock-Height Truck Doors

Wall Type

Year Built

Brokerage Firm

Broker Phone / Website

1445 Greenleaf St. Charleston, SC 29405

60,705

Metal

1952

Clement, Crawford & Thornhill Inc.

843-577-6722 www.cctre.com

2155 Durant Ave. North Charleston, SC 29405

50,000

Metal

1975

Colliers International

843-723-1202 www.colliers.com/charleston

2490 W. Fifth North St. Summerville, SC 29483

50,000

Precast/Metal

2000

Lee & Associates

843-747-1200 www.lee-charleston.com

3191 Ashley Phosphate Road North Charleston, SC 29418

50,000

Precast

1980

Colliers International

843-723-1202 www.colliers.com/charleston

2935 Ashley Phosphate North Charleston, S.C. 29418

48,668

Metal

1970

CBRE

843-577-0702 www.cbrecharleston.com

7371 E. Spartan Blvd. North Charleston, S.C. 29418

48,534

Metal

INP

Lee & Associates

843-747-1200 www.lee-charleston.com

62 Brigade St. Charleston, S.C. 29403

45,710

INP

TBD

INP

INP INP

311 Huger Street Charleston, SC 29403

43,000

INP

INP INP

7381 E. Spartan Blvd. North Charleston, S.C. 29418

32,000

20-28

Metal

1970

Lee & Associates

843-747-1200 www.lee-charleston.com

164 McQueen Blvd. Summerville, S.C. 29483

30,000

INP

1998

INP

INP INP

2718 Azalea Drive North Charleston, SC 29405

27,267

INP

INP INP

547 Long Point Road Mount Pleasant, S.C. 29464

5,000

INP

2007

INP

INP INP

INP

1980

INP

INP INP

Address

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

3298 Benchmark Drive Ladson, S.C. 29456

REal estate & construction | www.charlestonbusiness.com

Researched by Business Journal Staff

Housing cost Our regionâ&#x20AC;&#x2122;s high cost of living and below-average wage levels

Real estate & Construction

This information originally appeared in the 2014 Housing Blueprint. View it online at issuu.com/scbiz/docs/2014housingblueprint

make us one of the least-affordable metros in the Southeast.

Median monthly owner costs

Cost of living index

The National Flood Insurance Program,

Selected monthly owner costs are calculated

Measures relative price levels for consumer

run by FEMA, provides subsidized flood

from the sum of payment for mortgages, real

goods and services in 300 participating

insurance at reduced price to policyholders

estate taxes, various insurances, utilities, fuels,

cities each quarter.

living in flood-prone regions.

mobile home costs and condominium fees.

Charleston

U.S.

= $100 Greenville Knoxville

$1,147

Knoxville

$1,168

$1,363 $1,441

Jacksonville

0 - 500

Jacksonville, Savannah, Austin

Greenville, Knoxville, Lexington, Richmond, Raleigh

Austin

Note: Scale begins at $1,000 Source: U.S. Census Bureau

Jacksonville

92.9 93.5

$1,531 $1,619

95.5

Austin

Raleigh Charleston

98.3

Richmond

98.2

104.5

Note: Scale begins at 80 Source: ACCRA

import/Export & Distribution

Source: NFIP Flood Insurance

Richmond

92.8

Education

501 - 5,000

$1,464

Raleigh

Lexington

Savannah

$1,459

Charleston

5,001 - 10,000

90.3

Greenville

$1,238

Savannah

89.4

Employment & Economic Dev.

Lexington

U.S. 100

= 5 index points

$1,486

Demographics

10,001 - 30,000

financial services

Subsidized flood insurance policies

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

REal estate & construction

Financial Services PROFITABLE >85% Compared to 2010, banks in South Carolina posted a $277 million positive swing on income in 2013. Part of that was because they were losing so much money â&#x20AC;&#x201D; more than $100 million â&#x20AC;&#x201D; just three years ago. Now, they continue to sit on a lot of cash, a lingering effect of the recession, which shook the global financial markets and made banking regulators more squeamish. Nonperforming bank assets were at nearly 3% at the end of last year, according to the Federal Deposit Insurance Corp. But the big number we want you to consider is

Fast Facts $8.5 billion Deposits in Charlestonarea financial institutions. Page 26

15%, which is the percentage of banks that were not turning a profit in 2013 in South Carolina. Compared with 2011, when more than 40% werenâ&#x20AC;&#x2122;t profitable, the stability of the banking industry has solidified in the Palmetto state, with 85% of banks showing return on investment. With SBA loans up slightly, there also is movement in the market for guaranteeing cash for businesses that want to start or expand.

Section Sponsor

9,271

The number of banking employees, down from 11,830 in 2009, partly attributable to mergers. Page 28

Number of loans guaranteed for Charleston businesses by the SBA in 2013. Page 29

Financial services | www.charlestonbusiness.com

For a list of Banks, see pg. 75 of the 2014 Book of Lists or visit www.scbiznews.com/data.

Data as of December 31, 2013

financial services

Real estate & Construction

South Carolina banking facts

Net income in millions of dollars

Percentage of unprofitable institutions

S.C . Insured Institutions

Employment & Economic Dev.

Demographics

69 Banks 9,271 Employees $22.9B Loans $30.9B Deposits

S.C. Insured Institutions 50%

$166M $150M

30%

-$111M

$2M

2010

2011

20%

2012

2013

10%

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

40%

2010

2011

2012

2013

Deposit market share, Charleston MSA, 2013 State HQ

Bank Class

Charter

No of Local Offices

Local Deposits ($000)

Market Share

Wells Fargo Bank, National Association

Federal

2,209,285

22.18%

First Federal Bank

State

1,377,103

13.83%

Bank of America, National Association

Federal

1,355,286

13.61%

First Citizens Bank and Trust Company, Inc.

State

673,188

6.76%

Synovus Bank

State

659,506

6.62%

Branch Banking and Trust Company

State

590,480

5.93%

CresCom Bank

State

536,884

5.39%

SouthCoast Community Bank

State

327,139

3.28%

The Bank of South Carolina

State

305,593

3.07%

SCBT

State

272,973

2.74%

SunTrust Bank

State

232,833

2.34%

Institution

Note: First Federal and SCBT merged in 2013 to become South State Bank. Source: Federal Deposit Insurance Corp. Deposit Market Share report.

Financial services | www.charlestonbusiness.com

Real estate & Construction financial services Demographics Employment & Economic Dev.

Slimmer S.C. banks show fatter profits

compare 2009 with 2013. Numbers include Then and Now Figures only banks headquartered in South Carolina.

No. of S.C.-based banks Then 89

Now 69

Mergers and acquisitions — some forced by federal and state regulators, others done to build economies of scale or provide an out-of-state bank entrance to the S.C. market — have reduced the number of banks headquartered in South Carolina.

Employees

Assets

Then 11,830

Then $56.7B

Now 9,271

Much of the contraction of the S.C.-based banking industry can be attributed to the 2010 sale of Carolina First Bank to TD Bank. TD is not headquartered here, but it continues to employ thousands in the state and has expanded to add a regional operations hub in Greenville.

S.C. banks’ arrow pointing up

Now $36.7B

Much of this can be attributed to locally based banks being acquired by out-ofstate institutions. Of note, however, is that banks have rid their portfolios of bad assets. At Dec. 31, 2.94% of banks’ total assets were categorized as nonperforming, down a percentage point for the year.

The graph shows the aggregate net income reported by banks headquartered in South Carolina over the past five years.

$400M $200M $0 -$200M

Education

Federally insured banks headquartered in South Carolina continue to show improved financial performance, as they have reduced assets and employee headcounts.

2009

2010

2011

2012

2013

-$400M -$600M -$800M -$1,000M

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Source: Federal Deposit Insurance Corp.

Financial services | www.charlestonbusiness.com

Number of offices of savings institutions and deposits, 2013

loans

$50M

Berkeley County

$881.52M

Number of offices

Deposits

financial services

Includes loans under both SBA 7(a) and 504 loan programs.Â Numbers also reflect the original loan amount upon SBA guarantee approval and includes loans that might have been later modified or canceled.

Real estate & Construction

SBA Lending in the Lowcountry

loans

$40M

$30M

$7.95B

Number of offices

Deposits

loans

$20M

Dorchester County $10M

FY 2013

$1.13B

Number of offices

Deposits

FY 2014 (thru May 31) Source: Federal Deposit Insurance Corp. Deposit Market Share report

import/Export & Distribution

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

Education

FY 2012

Employment & Economic Dev.

144

Demographics

Charleston County

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Financial Services

Demographics COMMUTE > 24 min. The U.S. Census Bureau says the average commute in the Charleston area is 24.2 minutes, which is probably accurate when all factors are taken into consideration. But many drive-time commuters know that the 24 minutes can easily turn into more than an hour if you miss your personal window or cross the wrong bridge at the wrong time. Charleston still beats the U.S. average of 25.7 minutes to get to work, but Savannah, Greenville, Lexington and others beat us up and down the interstate with faster commute times. With more than 712,000 peo-

Fast Facts 712,220 Population in the tri-county area. Page 32

ple now living in the Charleston area and with projections for the region to keep growing quickly, public officials and transportation leaders are feeling the pressure to keep that 24.2 minutes from growing longer.

Section Sponsor

2,870

Public transportation users among 175,534 commuters in Charleston County. Page 34

9.1%

Percentage of South Carolina-based companies with at least one female board member. Page 33

demographics | www.charlestonbusiness.com

Real estate & Construction financial services Demographics

By county and major city

notable numbers

712,220

194,020 Berkeley County

Dorchester County

50.81%

44,719

more people in Dorchester County

Summerville

â&#x20AC;&#x201D; the state's second fastestgrowing county 2000-2013 Source: U.S. Census Bureau

import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

145,397

total population

Education

Employment & Economic Dev.

2013 Charleston-area population

demographics | www.charlestonbusiness.com

38,579 Goose Creek

71,875

101,989 North Charleston

372,803 Charleston County

Mount Pleasant

125,583 Charleston

S.C. vs. the Nation

Figures compare return on equity and income growth of companies with diverse boards to those without board diversity.

The 2020 Women on Boards coalition of educators and businesspeople across the country are working to increase the percentage of board seats held by women at public companies.

Return on equity

16%

One or more female board member

No female board member

10%

No female board member

16.6%

20.0% 9.1%

Avg. net income growth

14%

One or more female board member

United States Source: Credit Suisse

South Carolina

Goal to hit by 2020 Source: 2020 Women on Boards

A recent College of Charleston study, 20% by 2020: Women on Boards, found that among public companies based in South Carolina, 20 of 43 have no female board members. Those companies

are referred to as “Zero” companies in the study. The study breaks the companies down into four categories based on the number of women serving on boards: Winner, Very Close, Token and Zero.

import/Export & Distribution

Source: Women on Boards study, College of Charleston

Education

In South Carolina boardrooms

Employment & Economic Dev.

12%

Demographics

The Payoff

financial services

Nearly half of the publicly traded companies headquartered in South Carolina do not have any women on their boards of directors, according to a recent College of Charleston study titled 20% by 2020: Women on Boards. That’s despite studies showing that boards with diversity show better financial performance. Many experts say diversity is important in corporate governance, for considering different points of view when voting on behalf of shareholders and employees.

Real estate & Construction

Gender diversity pays dividends, but S.C. boardrooms lack it

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

demographics

How people get to work in the Charleston area, 2012

24.2

financial services

Real estate & Construction

o w r o k t , e i n m minutes i t l e v a r t n a e M Charleston

25.2 Jacksonville, FLA.

25.7

25.0

Demographics

U.S. Average

24.5 Raleigh

23.4

Richmond, VA.

25.5

Berkeley

Charleston

Dorchester*

Workers 16 and older

84,104

175,534

56,617

Car, truck or van - drove alone

70,356

140,720

47,071

Car, truck or van - carpooled

7,144

14,609

6,146

Public transportation (excluding taxis)

444

2,870

146

Bicycle

2,629

N/A

Walked

2,512

6,224

587

Other means

1,024

1,794

579

Worked at home

2,539

6,688

2,088

* Dorchester Countyâ&#x20AC;&#x2122;s figures had not been estimated by the American Community Survey, so the 2010 figures were used.

Savannah

Austin, Texas

22.8 Knoxville, TENN.

22.3

20.7

Employment & Economic Dev.

Greenville

26 Minutes

25 Minutes

24 Minutes

23 Minutes

Lexington

22 Minutes

21 Minutes

20 Minutes

Education

Source: U.S. Census Bureau

Average wage growth 2000-2012 $48,000

Hospitality & Tourism

import/Export & Distribution

$46,000 $44,000 $42,000 $40,000

UNITED STATES

$38,000 $36,000 $34,000

2000: Charleston wages 78% of U.S. average

$32,000

2003: Charleston surpasses S.C. average

CHARLESTON MSA SOUTH CAROLINA

$30,000

Medical & Health Care

$26,000

Business Resources

$28,000

You would need to earn the following to live similarly in these cities:

2000

2001

2002

2003

2004 2005 2006 2007 2008 2009 2010 2011 Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages

2012

If you made $50,000 a year in the Charleston MSA $52,403 $49,335

$46,779

$49,335

$47,290

Greenville

Savannah

Government

$52,045

Asheville 34

Atlanta

Charlotte

Columbia

Source: www.salary.com

demographics | www.charlestonbusiness.com

Real estate & Construction

Cost of living index, Charleston MSA A score of 100 is equal to the national average. A score greater than 100 means it is more expensive, and a score less than 100 means it costs less.

Time Period: First quarter of 2013 to first quarter of 2014.

106

90.3

103

Grocery Items

Utilities

Transportation

Housing

Employment & Economic Dev.

114

Demographics

overall

financial services

100

Health Care Education

Source: The Council For Community and Economic Research

import/Export & Distribution

Charleston MSA population percentage by age

Hospitality & Tourism

26.5%

25.6%

3 5.5 Med ian Ag

Medical & Health Care

15.5% 12.4%

55 - 64

65+

Business Resources

12.1%

7.9%

Government

19 & YOUNGer

20 - 24

25 - 34

35 - 54

Source: U.S. Census Bureau

www.charlestonbusiness.com |

demographics

Employment & Economic Development

INFUSION > $1B The Charleston area had enough economic development announcements about

Fast Facts

companies locating and expanding throughout the region in 2013 to post more than $1 billion in capital investments, according to figures from the S.C. Department of Commerce. Every year has its ups and downs, with up years typically being marked by such announcements as a large employer like Boeing filing plans to expand. But even in 2012, what you might consider a down year compared with 2013, the region knocked on the door of more than $200 million. Those hundreds of millions of dollars are expected to translate into thousands of jobs. In 2013, the more than $1 billion in capital expenditures could result in about 4,500 jobs, with nearly 2,500 of those in Charleston County. The previous yearâ&#x20AC;&#x2122;s figure notched nearly 1,700 jobs for the Charleston area.

Section Sponsor

6.4%

Percentage of money Charleston workers make over other workers in S.C. Page 40

45.2%

Percentage of workers in South Carolina who make more than $50,000 a year. Page 38

26,465

Number of people working in the areaâ&#x20AC;&#x2122;s creative class economy. Page 40

Employment & economic Development | www.charlestonbusiness.com

Real estate & Construction financial services Demographics

Employment by sector in S.C. *Statewide employment, with year-over-year percentage gains in parentheses (+1.91%)

400,000

(-0.11%)

(+3.84%) 300,000

(+2.42%)

(+3.17%)

(+3.95%)

200,000 (+1.91%)

Education

Employment & Economic Dev.

(+4.33%) 100,000

CONSTRUCTION

Manufacturing

Trade, transportation and utilities

Financial services

Professional services

Education and health

LEISURE and Hospitality

government

How much do South Carolinians earn?

Government

S.C.â&#x20AC;&#x2122;s job market on the upswing

A breakdown of household income and benefits in South Carolina. Less than $24,999

$25,000-$49,999

$50,000-$74,999

$75,000-$99,999

$100,000-$199,999

More than $200,000

13.4%

1,929,200 total nonfarm employment

2.6% 28.3%

11.1%

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Source: S.C. Department of Employment and Workforce, April 2014 report, latest available

5.3%

unemployment rate

Income and Benefits

job growth from a year ago

18.2%

26.5% Source: U.S. Census Bureau

Employment & economic Development | www.charlestonbusiness.com

Source: U.S. Census Bureau

Real estate & Construction

Tracking GDP growth in S.C. Figures represent percentage growth in South Carolinaâ&#x20AC;&#x2122;s real gross domestic product from the previous year.

2.8% 2015

2005 2.62 1.6% 2014

2006 2.24 2008 -0.83 2009 -3.86 2011 3.13 2012 1.50

Source: U.S. Bureau of Economic Analysis

Education

2013 1.15

TD Bank predicts 1.6% GDP growth for South Carolina this year as job and funding cuts in education and health care have dragged down the stateâ&#x20AC;&#x2122;s economy. Annual growth is expected to increase to 2.8% in 2015, the bank reported.

Employment & Economic Dev.

2010 1.61

GDP Predictions

Demographics

2007 2.28

financial services

2004 0.47

import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Employment & economic Development

26,465 The total number of people working in the creative economy

Ranking of creative enterprises compared with other employment clusters — 6.4% of the area’s workforce

$24.03

$3.2B

Average hourly wage creative workers earn across all occupations, 21% higher than the average

Amount of money the creative cluster adds to the regional economy

Source: Charleston Creative Parliament

Charleston Digital Corridor’s 2013 wage survey Traditionally, Charleston’s wages are lower than comparable areas of the U.S. Each year, the Charleston Digital Corridor publishes a wage survey, tracking the high-tech sector with the express goal of raising all wages for area workers.

Average wages for the year $71,657

$38,700

$41,180

Real estate & Construction Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

Employment & Economic Dev.

Demographics

financial services

Economic impact of the Charleston MSA’s creative class

South Carolina

Charleston area

Charleston Digital Corridor companies

Employment & economic Development | www.charlestonbusiness.com

Jobs analysis

6.4%

94%

Percentage more that Charleston workers make compared to other workers in S.C.

Percentage of Digital Corridor companies that made hires in 2013.

50%

88%

Percentage of Digital Corridor companies that plan to add office space in 2014.

Percentage who plan to hire this year.

Source: Charleston Digital Corridor Annual Report 2013

Announcements from the S.C. Department of Commerce

Berkeley County Capital Investment

Job Recruitment

Charleston County Capital Investment

Dorchester County

Job Recruitment

Capital Investment

Job Recruitment

3,000

$1B

3,000

$750M

2,250

$750M

2,250

$750M

2,250

$500M

1,500

$500M

1,500

$500M

1,500

$250M

750

$250M

750

$250M

750

2 3 201 201

Our experience and know how designs and completes every job efficiently no matter how big or small.

Competitive Pricing...Prompt Payment 2700 Spruill Avenue N. Charleston, SC 29405

Business Resources

Our trucks transport metals of all kinds and sizes in containers or flatbeds, low-sides, hi-sides and dumps. Mobile Crews and Equipment.

Medical & Health Care

We love challenges!

Hospitality & Tourism

Why do more businesses choose Charleston Steel over the others?

import/Export & Distribution

Source: S.C. Department of Commerce

Education

2 3 201 201

Employment & Economic Dev.

$1B

Demographics

3,000

financial services

$1B

Real estate & Construction

Economic development by county

(843) 722-7278 (843) 722-1340

www.charlestonsteelandmetal.com

Government

3038 Highway 52 North Mt. Holly, SC 29461

“The LowCountry’s Leader in Metal Recycling” www.charlestonbusiness.com |

Employment & economic Development

No. 1: 122.2%

No. 2: 19%

Farming, Fishing and Forestry Occupations

Education, Training and Library Occupations

2012: 180 | 2013: 400

2012: 14,600 | 2013: 17,380

Real estate & Construction

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

Employment & Economic Dev.

Demographics

financial services

5 fastest-growing job sectors in Charleston MSA, 2012-2013

No. 3: 9.1%

No. 4: 7%

No. 5: 4%

Computer and Mathematical Occupations

Business and Financial Operations Occupations

Arts, Design, Entertainment, Sports and Media Occupations

2012: 6,720 | 2013: 7,330

2012: 11,950 | 2013: 12,790

2012: 3,030 | 2013: 3,150 Source: U.S. Bureau of Labor Statistics

10 largest manufacturing employers in Charleston MSA Company

Product

Employees

Boeing South Carolina

Aircraft

6,000

Robert Bosch LLC

Antilock brake systems, fuel injection

2,200

Nucor Steel

Steel roll and steel beam

1,500

KapStone Charleston Kraft LLC

Paper, packaging, forest products

1,030

Detyens Shipyards Inc.

Shipyard, general ship repairs and modifications

800

Cummins Turbo Technologies

Turbochargers and air compressors

680

11.4% •

Augusta-Richmond County, Ga.

3.9%

General Dynamics Land Systems Mine-protected vehicles, military class vehicles – Force Protection

600

•

Alcoa Mt. Holly

Primary aluminum ingot, aluminum smelting

600

3.2%

BAE Systems EI&S North Charleston

Electronic security and communications systems design, manufacturing and integration

450

•

Behr Heat Transfer Systems Inc.

Engine cooling systems

375

3.1% •

Staying power With the July 2014 announcement that Boeing South Carolina would be the exclusive producer

Government

Percentage of workers represented by unions, 2013

of the 787-10, it’s likely they’ll remain the area’s largest manufacturing employer for years to come.

Charlotte-Gastonia-Concord, N.C.

Greenville

Myrtle Beach-ConwayNorth Myrtle Beach

2.9%

• Charleston-North Charleston • Columbia • Spartanburg

Source: Center for Business Research, Charleston Metro Chamber of Commerce Source: http://unionstats.gsu.edu

Employment & economic Development | www.charlestonbusiness.com

Sources, net electricity generation in S.C. - April 2014

Nuclear

- S.C.

3.7%

- U.S.

12.52

Hydroelectric

cents/kwh

Residential

Other renewables

10.28 10.40 cents/kwh

Demographics

2.7%

12.31

cents/kwh

financial services

51.2%

Cost of Electricity - April 2014

Real estate & Construction

Energy in South Carolina

cents/kwh

Petroleum-fired Commercial

6.18

Coal-fired

14.3%

cents/kwh

Natural gas-fired Industrial

import/Export & Distribution

Source: U.S. Energy Information Administration

Education

28.8%

cents/kwh

6.75

Employment & Economic Dev.

0.1%

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Employment & economic Development

education SCHOLARSHIPS > 174K Last year, 174,516 students in Charleston, Berkeley and Dorchester counties received scholarship awards funded by the S.C. Education Lottery. Those scholarships were worth $72.2 million in a state considered to be less educated than many in the South but with a growing economic base made up of companies that need highly skilled, well-educated workers to thrive and grow. The S.C. Technical College system works with the Commerce Department and the stateâ&#x20AC;&#x2122;s business sectors to help train those workers, but as tens of millions in scholarships poured from the lottery into the states colleges, funding from

Fast Facts 97%

Percentage of in-state students enrolled in the S.C. Technical College System in 2012. Page 51

the S.C. General Assembly remained stagnant from the previous year and near a seven-year low. With a renewed focus on engineering and graduate degrees, several colleges and universities are looking for ways to fill the demand.

$11,300

Amount spent per pupil in Dorchester 4, the highest in the Charleston region. Page 46

Section Sponsor

$98 million State aid received by students in 2013-2014, down from the previous three years. Page 48

Education | www.charlestonbusiness.com

Boundless opportunities Cougars discover planets, compete as Olympians, build apps, speak at the United Nations and win Academy Awards.

TOP FIVE Reasons to Choose

More bang for your buck We’re a best value college, according to Barron’s, Kiplinger’s Personal Finance and The Princeton Review.

Real-world/real-money experience Students in the School of Business Investment Program received $50,000 to create and manage a portfolio.

A top-rated faculty Spanish Professor Devon Hanahan was voted the No. 2 teacher in the nation on ratemyprofessors.com.

You choose your own path Programs like public health, data science and urban planning prepare our graduates to innovate and excel.

cofc.edu

Real estate & Construction financial services Demographics Employment & Economic Dev. Education import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

Charleston-area school districts 500 Ridge St. St. George, SC 29477 www.dorchester4.k12.sc.us Grades PK-12 Superintendent, Morris Ravenell Board Chairman, Kenneth Jenkins No. of Schools................................... 6 No. of Charter Schools................... 0

In Dorchester County, the districts divide along Eagle Drive, Indigo Road and Cummings Chapel Road.

Berkeley County School District 229 E. Main St. Moncks Corner, SC 29461 www.berkeley.k12.sc.us Grades PK-12 Superintendent, Rodney Thompson Board Chairman, Kent Murray No. of Schools.................................43 No. of Charter Schools................... 0

State Report Card Absolute Rating 2013......................................... Average 2012......................................... Average

State Report Card Absolute Rating 2013...............................................Good 2012...............................................Good

Dorchester School District 2

Charleston County School District

102 Green Wave Blvd. Summerville, SC 29483 www.dorchester2.k12.sc.us Grades PK-12 Superintendent Joseph R. Pye Board Chairwoman, C. Gail Hughes No. of Schools.................................. 21 No. of Charter Schools................... 0

75 Calhoun St. Charleston, SC 29401 www.ccsdschools.com Grades PK-12 Superintendent, Nancy J. McGinley Board Chairwoman, Cindy Coats No. of Schools.................................. 91 No. of Charter Schools.................. 13

State Report Card Absolute Rating 2013........................................Excellent 2012........................................Excellent

State Report Card Absolute Rating 2013...............................................Good 2012...............................................Good

Student enrollment, 2013

â&#x20AC;&#x201C; Students per teacher

50,000

Per-pupil expenditure, 2013 $12,500

40,000

$10,000

20.8

30,000

$7,500 22.6

20,000

$5,000

22.3

10,000

16.9 Berkeley

Charleston

Dorchester 2

$2,500

Dorchester 4

Berkeley

Charleston

Dorchester 2

Average SAT scores, 2013

Average teacher salary, 2013

1,500

$50,000

1,450

$48,000

1,400

$46,000

1,350

$44,000

1,300

$42,000

Berkeley

School district map

Dorchester School District 4

Charleston

Education | www.charlestonbusiness.com

Dorchester 2

Dorchester 4

Berkeley

Charleston

Dorchester 2

Dorchester 4

S.C. Department of Education

Real estate & Construction financial services Demographics

College affordability

A decade ago, the state dedicated 7% of general fund revenues to education. Today, that figure is 4.1%. More state money is given for scholarships, however.

State general fund appropriations to universities have dropped, but the state is providing students with more scholarship money.

State funding at research universities Chart shows appropriations by fiscal year from the state’s general revenue fund

$200M

MUSC Clemson USC Columbia

$180M $160M

Education

Employment & Economic Dev.

$140M $120M $100M $80M $60M $40M

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

2004-05

2005-06

2006-07

2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

State aid for students

The rising cost of a degree

Figures show scholarship and grant funding provided by the state through the Commission on Higher Education

Figures show tuition per year for the state’s three research universities.

$120M $100M

MUSC** College of Charleston Clemson The Citadel USC Columbia*

$16K $14K

$80M

$12K

$60M $10K

$40M 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

2011-12

2012-13

2013-14

$8K

Source: S.C. Commission on Higher Education

University R&D

$6K

Figures show National Science Foundation funding at South Carolina’s research universities in 2012.

$237M

$4K $2K

$215M

Government

$142M

2010-11 Clemson

2007-08

Source: S.C. Commission on Higher Education

MUSC

Source: National Science Foundation

Education | www.charlestonbusiness.com

USC

2011-12

2012-13

2013-14

Source: S.C. Commission on Higher Education *Excludes medicine, law and pharmacy **Excludes medicine, dentistry and pharmacy; includes nursing and health professions only

Real estate & Construction financial services

Percentage of positions requiring higher education by degree type

2013

2030

Some college

45.3%

33.2%

38.5%

47.8%

Associate degree Bachelorâ&#x20AC;&#x2122;s or higher

18.9%

Demographics

16.2% South Carolina occupations requiring an associate degree with highest projected shortages in 2030

South Carolina occupations requiring a bachelorâ&#x20AC;&#x2122;s degree or higher with highest projected shortages in 2030

Employment & Economic Dev.

Registered Nurses General and Operations Managers Construction Managers Preschool Teachers, Except Spectial Education

Education

Dental Hygienists Radiologic Technologists and Technicians Architectural and Civil Drafters Civil Engineering Technicians Electrial and Electronics Engineerring Technicians

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

2,000 3,000

4,000

5,000

6,000

Elementary School Teachers, Except Special Education 0

Paralegals and Legal Assistants

1,000

Education | www.charlestonbusiness.com

5,000

10,000

15,000

20,000

Accountants and Auditors Secondary School Teachers, Except Special and Career/ Technical Education Teachers and Instructors, All other Middle School Teachers, Except Special and Career/ Technical Education Management Analysis Software Developers, Applications Financial Managers Computer Systems Analyst Software Developers Systems Software

Source: Darla Moore Business School

The state has 16 technical colleges, including Trident Technical College in the Charleston area.

Statewide

Trident Technical College

17,489

students were enrolled statewide, fall 2012.

52%

Trident Technical College has the highest enrollment of any institution of higher learning in the Charleston area. Their demographics track with technical schools across the state.

43%

17,434

students graduated from a technical college after the 2011-12 school year.

32%

ages 18-29

34% 30 and older

98%

Percentage of the students enrolled at Trident Technical College are in-state. Source: Trident Technical College

Education

of the graduates from the colleges within the S.C. Technical College System were in the health sciences, an area of critical workforce shortage for the state.

female

66%

Employment & Economic Dev.

minority

60%

Demographics

of all undergraduates in S.C. public higher education during the fall 2012 semester were enrolled at one of the colleges within the S.C. Technical College System.

students were enrolled, fall 2013.

financial services

97,584

Real estate & Construction

Technical colleges in S.C.

For a list of Colleges and Universities, see pg. 58 of the 2014 Book of Lists or visit www.scbiznews.com/data.

import/Export & Distribution

Source: S.C. Technical College System

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Education

Real estate & Construction financial services

S.C. Education Lottery distribution in K-12 programs

$2.62 billion

$731.3 million

has been appropriated for higher education programs from Jan. 7, 2002 - June 30, 2014

has been appropriated for K-12 programs from Jan. 7, 2002 - June 30, 2014

$2.184B

$180M

$133M

$131M

$489.7M

$42.6M

$94.9M

$104.0M

Scholarships and grants at 2- and 4-year colleges and technical institutions

SmartState Program

Technology at public 2- and 4-year colleges and technical institutions

Other higher education programs

Primary education (grades K-5) enhancement programs

Other K-12 educational programs

Purchase more than 895 school buses

Programs that support the Education Accountability Act

Source: S.C. Education Lottery

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

Employment & Economic Dev.

Demographics

S.C. Education Lottery distribution in higher education programs

Education | www.charlestonbusiness.com

Source: S.C. Education Lottery

Charleston

Dorchester

$17,993,211

$37,360,332

$16,826,659

K-12

47,474

86,436

40,606

Scholarship awards

$58,858,925 Scholarship amounts

$483,937

$809,187

$396,987

Library totals

Library totals Source: S.C. Education Lottery

Employment & Economic Dev.

$127,049,048 Scholarship amounts

Demographics

$61,241,064 Scholarship amounts

financial services

Berkeley

Real estate & Construction

S.C. Education Lottery by county, FY 2012-13

Education import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Education

Import/Export & Distribution

No. 1 and No. 2 South Carolina ranked first for the third consecutive year for tire exports and second for the export of automobiles, thanks, in part, to the thousands of BMWs sent by rail from the Upstate to Charlestonâ&#x20AC;&#x2122;s waterfront each week. The Charleston region is home to a 1.1 million-square-foot tire distribution center in the Jedburg area of Dorchester County operated by TBC Corp., and several tire manufacturers have come into the state to join Michelin, which produces dump-truck-sized tires in Lexington County and does research and develop-

Fast Facts 6

Average number of containerships pulling into the Port of Charleston on a daily basis. Page 58

ment in the Upstate. Though paper, wood pulp and lumber were the top three exports for the 2012 fiscal year, all this rubber and steel moving through the Port of Charleston contributed to the more than $63 billion in goods sent and received.

Section Sponsor

Rank of the Port of Charleston for waterborne totals in 2012, ahead of Norfolk, Va., Baltimore, Miami and Philadelphia. Page 59

$64 billion

Value of goods trafficked through the Port of Charleston in the most recent fiscal year. Page 59

import/export & distribution | www.charlestonbusiness.com

Real estate & Construction financial services

Part of the global economy

$26.1 billion

increase from the prior year

Demographics

Value of goods exported from S.C.

3.9%

For the third consecutive year, S.C. ranked first among U.S. states in tire export.

S.C. ranked second in the export of automobiles to world markets.

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Education

Employment & Economic Dev.

Source: S.C. Department of Commerce

Top 5 countries exporting to S.C. in 2013

Top 5 countries importing from S.C. in 2013

Germany $6.924B

China $4.872B

China $5.008B

Canada $3.711B

Canada $2.618B

Germany $3.183B

Mexico $2.221B

Mexico $1.838B

Japan $1.426B

United $1.368B Kingdom

For the first time, China surpassed Canada and Germany as the state's top import partner.

Source: U.S. Census

Top commodities exported

Top commodities imported

Paper and paperboard, including waste

95,209

Auto parts

Wood pulp

46,798

Furniture 37,212

Logs and lumber

28,314

Auto and truck tires and tubes

33,393

Auto parts

23,379

Construction, building equipment

19,977

Fabrics, including raw cotton

15,546

Fabrics, including raw cotton

19,932

Poultry, chiefly fresh and frozen

12,905

Sheets, towels and blankets

19,224

Auto and truck tire and tubes

12,461

Menswear 15,672

General cargo, miscellaneous

12,338

General cargo, miscellaneous

12,599

Empty containers, drums, etc.

11,730

Paper and paperboard, including waste

11,416

Synthetic resins

11,566

Straws, rattan and caning

11,303

PORT OF CHARLESTON 2012

Volume is measured in TEUs, which stands for 20-foot equivalent unit, or the measure of a standard container.

75,234

Source: PIERS Trade Intelligence

import/export & distribution | www.charlestonbusiness.com

Demographics Employment & Economic Dev. Education

Operating revenues by port, 2013 $150M $138.56M

financial services

Real estate & Construction

The average day at S.C. ports

$150 million

Six vessels sail into South Carolinaâ&#x20AC;&#x2122;s harbors.

$150 million is the average value of the cargo.

Economic impact of S.C. ports

260,800 jobs International trade through S.C. port facilities across the state in the maritime, transportation, distribution and manufacturing industries.

$100M

$50M

$45 billion Annual economic impact of the ports. $0

Charleston

$1.23M

$12,000

Georgetown

Port Royal

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Source: S.C. State Ports Authority

import/export & distribution | www.charlestonbusiness.com

In 2012, the total value of exports from Charleston stood at $3.93 billion or 14.5% of all output.

3 10 12 9

4 2

1 2

4 5 6 7 8 9

11 12

Education

$399.72B $249.50B $210.38B $154.68B $95.74B $92.94B $69.92B $63.48B $63.24B $53.89B $51.79B $49.39B

Employment & Economic Dev.

Los Angeles Houston-Galveston, TX New York City New Orleans Seattle Savannah San Francisco Charleston Norfolk, Va. Baltimore Miami Philadelphia

Demographics

U.S. waterborne total by U.S. Customs port, 2012

From 2009 - 2012 the the share of exports value by industry grew 12.2% in the Charleston metro area. This ranked it 10th out of 100 metro areas for growth over the same time period.

financial services

This ranked the region 76th of 100 metro areas on the total value of its exports and 26th on exports intensity.

6 8

Real estate & Construction

Exports are on the rise in Charleston MSA

Source: U.S. Dept. of Transportation Maritime Division

import/Export & Distribution

Source: Brookings Institution, Export Nation 2013 Report

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Import/Export & distribution

Real estate & Construction financial services

South Carolina Inland Port In 2013, the S.C. State Ports Authority opened an inland port to help move cargo 212 miles between the Upstate of South Carolina and the Port of Charleston to give companies access to a wider audience by overnight rail access.

Education

Employment & Economic Dev.

Demographics

partnering with Norfolk Southern for statewide,

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Source: S.C. State Ports Authority, GSA Business

import/export & distribution | www.charlestonbusiness.com

By the numbers

212 miles

91 acres

The distance between the S.C. Inland Port and the Port of Charleston.

Size of the S.C. Inland Port site in Greer.

12,000

Cost of creating the rail-truck transfer station.

Number of employees initially employed at the rail-truck transfer station. More related spin-off jobs are expected, according to the governorâ&#x20AC;&#x2122;s office.

Number of sea containers BMW expects the S.C. Inland Port to service annually. The company has expanded export operations at a 413,000-square-foot building adjacent to the port site.

financial services

Real estate & Construction

$47 million

Demographics Employment & Economic Dev. Education

For a list of Third-Party Logistics Providers, see pg. 175 of the 2014 Book of Lists or visit www.scbiznews.com/data.

import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Import/Export & distribution

HOSPITALITY & TOURISM $194 vs. $227

Daily expenditures for visitors to the Charleston area increased 17% in the past

Fast Facts

two years, going from $194 per day to $227 per day. That $33 increase is a significant amount when compared to other regions of South Carolina and the U.S. that continue to crawl out of the post-recession hole because itâ&#x20AC;&#x2122;s money coming into the region based on what we already do: Make people want to come here and sit a spell. That 17% increase also adds to the $2.8 billion economic impact that the hospitality and tourism industry has on the Charleston area, which includes hotel rooms, culinary establishments, transportation, tourist attractions, retail and other expenditures. Youâ&#x20AC;&#x2122;re likely to run into one of the more than 4 million annual visitors, and while we prefer to see our visitors as people and not as numbers, each one makes a healthy contribution to the Charleston economy.

Section Sponsor

14%

Percentage increase in the occupancy rate of area hotels and inns from 2009 to 2013. Page 65

S.C., N.C. and California brought the most variety of beer to the 2014 Brewvival. Page 67

$54 million

Total car rental receipts from automobiles rented at Charleston International Airport in 2013. Page 68

hospitality & tourism | www.charlestonbusiness.com

$94

$98

$103

4.76 million visitors

Dining/Food

Local Transportation

Real estate & Construction

2011 2012 2013

Expenditure per Day $227

$58 $51 $52 $31

$38 $38

$205 $194

$2.8 billion economic impact Source: College of Charleston Office of Tourism Analysis

Medical & Health Care

Business Resources Government

Average personal expenditures in Charleston, by category

Accommodations

Hospitality & Tourism

import/Export & Distribution

Education

Employment & Economic Dev.

Demographics

financial services

2013 tourism by the numbers

hospitality & tourism | www.charlestonbusiness.com

Tours/Attractions $37 $22

$29

Shopping $36 $32

$46

Other Expenses $17 $18 $18

Based on overnight visitors. Sum does not equal total expenditure because each is calculated based on non-zero values. Source: College of Charleston Office of Tourism Analysis

Charleston region 2% accommodations tax revenue distribution by city or town For fiscal year ending June 30, 2013

Estimated no. of rooms

Charleston...................... $3,987,997

Sullivanâ&#x20AC;&#x2122;s Island.................. $19,965

North Charleston.......... $2,077,120

Hanahan................................... $9,713

Isle of Palms.................. $1,485,777

St. Stephen............................ $5,037

Kiawah Island................ $1,343,394

Harleyville................................ $3,651

Mount Pleasant............ $1,020,766

Hollywood.............................. $3,535

Folly Beach........................ $573,126

Ridgeville.................................... $735

Summerville...................... $184,026

Ravenel.......................................... $84

Seabrook Island................ $124,139

Reevesville................................... $73

St. George............................ $61,226

McClellanville.............................. $65

Moncks Corner................... $38,278

Jamestown.................................... $0

Goose Creek....................... $33,498

Total.............. $10,972,206

Up from 16,358 in 2009

72% Occupancy rate Up from 63% in 2009

$128

Source: S.C. State Parks and Recreation Department

Average room rate Up from $115 in 2009

Employment & Economic Dev.

2012-2013

Demographics

2012-2013

financial services

16,933

Real estate & Construction

Charleston County occupancy rates and average daily room rates, 2013

Source: College of Charleston Office of Tourism Analysis

Education

For a list of Hotels, see pg. 97 of the 2014 Book of Lists or visit www.scbiznews.com/data.

import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

hospitality & tourism

Real estate & Construction financial services Demographics Employment & Economic Dev.

$305,000 Total amount of money raised for area charities and scholarships since the festivalâ&#x20AC;&#x2122;s inception in 2006.

21,500 Attendance at more than 100 events throughout the weekend.

64%

are out-of-town visitors.

36% are locals who attended the festival.

Hospitality & Tourism Medical & Health Care

Business Resources Government

Average age of local festival attendees.

4.5 million + Number of impressions on all social media including Twitter, Facebook, Instagram and Pinterest that used the festival hashtag #CHSWFF. Source: Charleston Wine + Food Festival

import/Export & Distribution

Education

2014 Charleston Wine + Food Festival by the numbers

hospitality & tourism | www.charlestonbusiness.com

• Nearly 300 entries, translating to more than 2,000 competitors on the water, made the 2014 Charleston Race Week the largest keelboat regatta in the Western Hemisphere. • More than 80 boats registered to compete in the J/70 class, making it the largest group of one-design sailboats ever assembled to compete in Charleston Harbor.

In February 2014, an eclectic mix of brewmasters and beer tasters got together for a day of drinking, music and food in North Charleston. Brewvival sold out long before the event, which drew breweries from coast to coast, including California, Kentucky, Michigan, Georgia, North Carolina and a lot of states in between. So what’s the data behind the popular brew event? Brewvival served up some figures:

financial services

• The regatta’s economic impact was calculated at $2.5 million in 2011. Organizers forecast a $4 million impact for 2014. • Of the 289 boats registered for the 2014 edition, roughly 85% were from outside South Carolina.

2014 Brewvival

Real estate & Construction

2014 Charleston Race Week by the numbers

Top states represented by beers

Beers

California

Number of available beers

Charleston region)

Top styles of beer

American Imperial Stout

American IPA

American Double IPA

Infographic/Ryan Wilcox, Source: CHSBeer.org

import/Export & Distribution

Source: Sperry Top-Sider Charleston Race Week

Education

Proceeds from the regatta are used to support sailing-oriented nonprofit organizations in the Charleston area. (Photo/Meredith Block/Sperry TopSider Charleston Race Week)

Employment & Economic Dev.

(including 26 from the

North Carolina

Demographics

South Carolina

1 4 9

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

hospitality & tourism

Real estate & Construction financial services

Charleston International Airport Total passengers

Airport rental car activity, 2013

3.00M

Combined gross receipts of rental car companies

2.50M

Jan. $2.49M Feb. $2.72M

2.25M

Mar. $5.13M

Demographics

April $6.14M

2.00M

May $5.53M June $5.02M July $5.05M

Education

Employment & Economic Dev.

1.75M

Aug. $5.52M Sept. $4.52M

1.50M

Oct. $5.02M Nov. $3.82M

1.25M

Dec. $3.12M

$0M

1.00M

$2M

$4M

$6M

$54,073,403.36

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Total receipts for 2013

2003

2004

2005

2006

2007

2008

2009

2010

Nonstop flight destinations organized by airline carrier

2013

Southwest Airlines • Chicago — MDW • Baltimore — BWI • Houston — HOU • Nashville, Tenn. — BNA

Jan. 104,517

United Airlines

Mar. 167,849

Delta Air Lines • Atlanta – ATL • Detroit — DTW • New York City — LGA • New York City — JFK

JetBlue Airlines • Washington, D.C. — DCA • New York — JFK • Boston — BOS

• Washington, D.C. — IAD • Chicago — ORD • Newark, N.J. — EWR • Houston — IAH

US Airways • Charlotte — CLT • Philadelphia — PHL • Washington, D.C. — DCA

Total daily flights

Source: Charleston County Aviation Authority

Charleston-area traffic to historic houses, museums, plantations and attractions, 2013

• Dallas — DFW • Miami — MIA

Feb. 116,992

April 258,729 May 279,072 June 241,038 July 250,592 Aug. 289,103 Sept. 157,428

Departures: 68

Oct. 159,233

2,355,755

Nov. 151,020

Total traffic for 2013

Dec. 132,340

Arrivals: 64

Source: Charleston County Aviation Authority

2012

American Airlines

*As of July 2014. Can change monthly/seasonally Government

2011

hospitality & tourism | www.charlestonbusiness.com

100,000

200,000

300,000

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

MEDICAL & HEALTH CARE 44 x 3

South Carolina ranks 44 out of 50 states in three health areas: Obesity,

Fast Facts

diabetes and high cholesterol. While the stateâ&#x20AC;&#x2122;s health issues are nothing new, and many health issues are congenital, the lack of healthy living habits puts financial and workforce pressures on the stateâ&#x20AC;&#x2122;s health care system. Some of the economic impact of health in South Carolina is reflected in the top-three most costly health areas of concern in Berkeley, Charleston and Dorchester counties: $342 million for heart disease, $139 million for cancer and $80

46%

Percentage of employees receiving health benefits through employers in S.C. Page 74

million for stroke. One of the more positive health stat comes in binge drinking, where the state ranks 16th with only 15.4% of adults with that habit, which means adults in 34 states have it worse.

$4,251

Amount employees contributed to the cost of health insurance. Page 74

Section Sponsor

$10,034

Amount employers contributed to the cost of health insurance. Page 74

Medical & Health Care | www.charlestonbusiness.com

Real estate & Construction financial services

The high costs of chronic conditions Figures at right show medical costs for Berkeley, Charleston and Dorchester counties in 2012, the latest data available from the S.C. Department of Health and Environmental Control.

An unhealthy state

$19.8 $79.7

million

Hypertension

million Stroke

Education

Employment & Economic Dev.

Demographics

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

No. 43 South Carolina’s overall health ranking

No. 38 203 cancer deaths per 100,000 residents

No. 38

import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources

Heart Disease

31.6 % of adults are obese

11.6% of adults have diabetes

No. 44 41.6% of adults have high cholesterol

$54.9 million

Chronic Lower Respiratory Disease

$33.0

No. 21

million

59.4 preventable hospitalizations per 1,000 Medicare hospitalizations

No. 16 15.4% of adults binge drink

No. 31 $65.65 in public money spent per person on health care

No. 38 7.23 infant deaths per 1,000 live births Source: United Health Foundation

Eat better, exercise more Government

million

No. 44 No. 44

$341.7

5.1 % of adults have cardiac heart disease

South Carolinians are more likely to seek medical exams such as cholesterol checks but do not eat as healthfully or exercise as often as the rest of the nation, according to the United Health Foundation. Medical & Health Care | www.charlestonbusiness.com

Diabetes

$139.1 million

All Cancers

Real estate & Construction financial services

Percentage of uninsured What does insurance cost? South Carolinians higher than U.S. Figures show the average annual health premiums for a family plan. Figures show the percentage of the population on the major types of coverage along with those who have no insurance. Employer

Medicaid

Demographics Employment & Economic Dev.

Employee contribution

No insurance

Employer contribution

15%

17%

South Carolina

$11,237

$10,034

48%

16%

Total $15,473

Total $14,285

South Carolinaâ&#x20AC;&#x2122;s uninsured rate ties for the 12th-highest in the country.

46%

Education

Medicare

16%

14%

$4,251

$4,236

South Carolina

United States

15%

United States

Medicaid spending declines in S.C.

10%

Figures show the average annual growth in Medicaid spending. Growth was negative in the most recent year for which data was available.

Medicaid spending topped $4.8 billion in South Carolina this year.

South Carolina United States 1990-2001

0% 2001-2004

2004-2007

2007-2010

2010-2012

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Source: The Henry J. Kaiser Family Foundation

Medical & Health Care | www.charlestonbusiness.com

Figures show the numbers of South Carolinians who bought insurance coverage on the federal health insurance exchange from Oct. 1, 2013, through March 31.

118,324 S.C. residents enrolled 213,974 were eligible

Hereâ&#x20AC;&#x2122;s the breakdown of who bought coverage:

43% Male

26-34 35-44

By Status

88% With financial assistance 12% Without financial assistance

Education

45-54

Employment & Economic Dev.

55-64

< 18 18-25

Silver 73% Bronze 16% Gold 10% Platinum 0% Catastrophic 2%

Demographics

By age

57% Female

financial services

By coverage purchased

By gender

Hospitals

Ranked by No. of Licensed Beds

843-792-3232 www.muschealth.com

709 35,767

891 2,566

Patrick Cawley 1824

843-724-2901 www.rsfh.com/roper

368 13,157

510 875

Matthew J. Severance, David Dunlap 1829

843-847-4100 www.tridenthealthsystem.com

296 21,028

309 757

Todd Gallati 1975

843-402-1000 www.rsfh.com

204 8,872

507 412

Allen Carroll, David Dunlap 1882

843-881-0100 www.eastcoopermedctr.com

132 5,046

458 217

Jason Alexander 1986

843-577-5011 www.charleston.va.gov

103 4,288

278 411

Scott R. Isaacks 1966

843-832-5000 www.tridenthealthsystem.com

94 5,733

309 757

Lisa Valentine 1989

843-606-7000 www.rsfh.com

85 1,522

280 101

David Dunlap, John Sullivan 2010

843-375-4000 www.vhcharleston.com

59 INP

40 27

Darrell Jones 2004

843-724-2842 www.rsfh.com

52 1,155

0 0

David Dunlap, Matthew J. Severance 1992

843-820-7777 www.healthsouthcharleston.com

49 INP

2 34

Troy Powell 1994

843-761-8721 www.tridenthealthsystem.com

0 0

26 13

Todd Gallati 1986

843-899-7700 www.rsfh.com

0 0

621 18

David Dunlap, Brenda R. Myers 1992

INP=Information not provided. View this list online at www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com or go to www.tinyurl.com/joinourlists.

Researched by Business Journal Staff

www.charlestonbusiness.com |

Medical & Health Care

Government

Administrator(s) / Year Founded

Business Resources

Active Staff Physicians / RNs

Medical & Health Care

Licensed Beds / 2013 Admissions

Hospitality & Tourism

MUSC Medical Center 169 Ashley Ave. Charleston, SC 29425 Roper Hospital 316 Calhoun St. Charleston, SC 29401 Trident Health 9330 Medical Plaza Drive North Charleston, SC 29406 Bon Secours St. Francis Hospital 2095 Henry Tecklenburg Blvd. Charleston, SC 29414 East Cooper Medical Center 2000 Hospital Drive Mount Pleasant, SC 29464 Ralph H. Johnson VA Medical Center 109 Bee St. Charleston, SC 29401 Summerville Medical Center 295 Midland Parkway Summerville, SC 29485 Roper St. Francis Mount Pleasant Hospital 3500 U.S. Highway 17 N. Mount Pleasant, SC 29466 Vibra Hospital of Charleston 1200 Hospital Drive Mount Pleasant, SC 29464 Roper Rehabilitation Hospital 316 Calhoun St. Charleston, SC 29401 HealthSouth Rehabilitation Hospital of Charleston 9181 Medcom St. Charleston, SC 29406 Moncks Corner Medical Center 401 N. Live Oak Drive Moncks Corner, SC 29461 Roper Hospital - Berkeley 730 Stony Landing Road Moncks Corner, SC 29461

Phone / Website

import/Export & Distribution

Source: U.S. Department of Health and Human Services

Facility

Real estate & Construction

Buying health care on the federal exchange

Real estate & Construction Demographics

financial services

Employment & Economic Dev.

Participated in recommended amount of physical activity â&#x20AC;&#x201C; Charleston MSA, 2012

Employment and earnings for health care professionals â&#x20AC;&#x201C; Charleston MSA, 2013 Employed

Avg. Salary

Optometrists

$51,310

Occupational therapy assistants

$51,410

Physician assistants

240

$79,820

Occupational therapists

300

$73,190

Dentists, general

310

$183,370

Physicians and surgeons, all other

380

$197,890

Dental Hygienists

390

$56,120

Respiratory therapists

390

$60,490

Physical therapists

510

$76,760

Pharmacists

950

$108,930

Licensed practical and licensed vocational nurses

1,360

$41,960

Registered Nurses

9,720

$66,890

For a list of Health and Accident Insurance Companies, see pg. 116 of the 2014 Book of Lists or visit www.scbiznews.com/data.

Hospitality & Tourism Medical & Health Care

Business Resources Government

20.9%

YES

79.0%

Source: CDC Behavioral Risk Factors Surveillance System

import/Export & Distribution

Education

Source: U.S. Bureau of Labor Statistics

Medical & Health Care | www.charlestonbusiness.com

Smoking cigarettes is known to have many negative effects. The less a region smokes, the healthier its residents are.

Smoke

$136 million

NIH funds awarded, 2012

NIH-funded institutions

$1.35 billion Cumulative NIH funding in South Carolina, fiscal years 2003-2012

374 NIH grants awarded

financial services

20.2%

National Institutes of Health funds research in S.C.

Real estate & Construction

Adults who are smokers â&#x20AC;&#x201C; Charleston MSA, 2012

THE RESEARCH UNIVERSITIES

Employment & Economic Dev.

79.8% Do NOT smoke

$31 million

$5.7 million

NIH grants to the Medical University of South Carolina, 2012

NIH grants to University of South Carolina, 2012

NIH grants to Clemson University in 2012

Source: National Institutes of Health

import/Export & Distribution

$90 million

Education

Source: CDC Behavioral Risk Factors Surveillance System

Demographics

= $5 million

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Medical & Health Care

Business resources

hether youâ&#x20AC;&#x2122;re starting a business, growing an existing business or simply need answers to everyday business questions, you need a place to go to find resources. Check out the

organizations and agencies in this section of 2014 Market Facts. The following pages offer contact information for organizations that can help businesses find answers to common questions or complex problems, assistance in finding talent for their companies or information about navigating local and state regulations. Along with contact information for regional and statewide chambers of commerce, there is help to guide you in gaining access to working capital and economic development information to grow your existing business or to start a new one.

Section Sponsor

Business Resources | www.charlestonbusiness.com

Real estate & Construction financial services Demographics Employment & Economic Dev. Education

Berkeley Chamber of Commerce 1004 Old U.S. Highway 52 Moncks Corner, SC 29461 800-882-0337 www.berkeleysc.org Oversees the needs of more than 500 members in Berkeley County and surrounding communities, serving as the county’s leading resource for information while providing community and business leaders opportunities to become involved in shaping the future of the region. Charleston Metro Chamber of Commerce 4500 Leeds Ave., Suite 100 Charleston, SC 29402 843-577-2510 www.charlestonchamber.net Serves to strengthen the region as the world’s best location to live, learn, work and play; while advancing the region’s economy, improving quality of life and enhancing the members’ success. Edisto Chamber of Commerce 430 Highway 174 • Edisto Island, SC 29438 843-869-3867 www.edistochamber.com The chamber serves as an advocate and promoter of South Carolina’s best-kept secret, and ultimate year round vacation destination. Greater Summerville Dorchester County Chamber of Commerce 402 N. Main St. • Summerville, SC 29483 843-873-2931 www.greatersummerville.org Protects and promotes the quality of life in the community, with specific emphasis on improving economic vitality and providing a favorable business climate.

S.C. African American Chamber of Commerce 3400 Forest Drive • Columbia, SC 29204 803-661-2977 www.scachamber.com An advocate for prosperity, progress and the permeation of success throughout the state as it relates to African American businesses. S.C. Chamber of Commerce 1301 Gervais St., Suite 1100 Columbia, SC 29201 803-799-4601 www.scchamber.net The chamber creates prosperity for all citizens through an economy of increased productivity and global competitiveness.

Sea Islands Chamber of Commerce 2817 Maybank Highway Unit #1 Johns Island, SC 29455 843-793-1234 www.seaislandschamber.org Promote the economic growth and quality of life in the Sea Islands area; striving to provide a clear, persuasive voice for the business community in governmental affairs on federal, state, county and local levels. Provides services designed to enable the public and private sectors to improve productivity and promotes the Sea Islands area as an economic, educational and recreation center while providing membership services and networking opportunities for its members.

S.C. Hispanic Chamber of Commerce 910 East Washington St. • Greenville, SC 29601 www.schcc.org Promotes and supports the advancement of the economic growth of Hispanic businesses in South Carolina and is committed to the development of programs and the facilitation of the resources needed to help Hispanic Businesses to reach their full potential.

Tri-County Regional Chamber of Commerce 225 Parler Ave. • St. George, SC 29477 843-563-8187 www.tri-crcc.com Serving its members and communities, our three counties work together by taking a proactive role in improving the general welfare, prosperity, and quality of life for all citizens.

S.C. Small Business Chamber of Commerce 1717 Gervais St. • Columbia, SC 29201 803-252-5733 www.scsbc.org A statewide advocacy organization working to make state government more small business friendly.

ECONOMIC DEVELOPMENT

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

CHAMBERS OF COMMERCE

Business Resources | www.charlestonbusiness.com

Berkeley County Economic Development Department 1003 Highway 52 • Moncks Corner, SC 29461 843-719-4096 www.berkeleycountysc.gov/dept/economicdev/ The Berkeley County Economic Department strives to attain a comprehensive economic development program directed toward economically sustainable and environmentally responsible opportunities.

Business Development Corporation of S.C. 111 Executive Center Drive Enoree Building, Suite 225 Columbia, South Carolina 29210 803-798-4064 www.businessdevelopment.org Established in 1958 by the state Legislature to promote business and industry within South Carolina, the BDC is a non-bank commercial lending company specializing in the SBA 7(a) loan guaranty program. Certified Development Corp. of S.C., an affiliated corporation, provides financial assistance to businesses. Charleston Area Community Development Corp. 2146 Dorchester Road North Charleston, SC 29405 843-747-3311 www.charlestoncdc.org Provides community revitalization by building and preserving communities in the Charleston area and offers programs and services to combat community disparity and remove barriers in the areas of housing, education and economic development. Charleston Business Development 475-A East Bay St. • Charleston, SC 29403 843-724-3773 www.charlestonbd.com Serves to attract, nurture and promote Charleston’s knowledge economy. Charleston Regional Development Alliance 4401 Belle Oaks Drive, Suite 420 North Charleston, SC 29405 843-767-9300 www.crda.org A full-service professional economic development organization representing Berkeley, Charleston and Dorchester counties, serving as

S.C. Association of Community Development Corps 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 grass-roots leadership development, access to capital, advocacy and technical assistance.

Education

North Charleston Department of Economic Development 2500 City Hall Lane • North Charleston, SC 29406 843-554-5700 www.northcharleston.org/business/econdev North Charleston is dedicated to providing resources necessary to help business get from where they are to where they want to be. Drawing on the strength of increasing numbers of public/private partnerships, North Charleston provides infrastructure, a well-trained work force, support services and financial resources to help businesses succeed.

The Palmetto Institute 1411 Gervais St., Suite 450 Columbia, SC 29201 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, promotes positive economic change within South Carolina and disseminates research findings and conclusions both to scholarly and lay audiences.

Employment & Economic Dev.

Lowcountry Housing & Economic Development Foundation Inc. 2106 Mount Pleasant St. • Charleston, SC 29403 843-722-0596 www.lowcountryhousingfoundation.org Founded in 1997 and organized as a 501(c)3 tax exempt organization, it’s mission is to provide housing and economic development opportunities for the low to moderate-income families of Coastal South Carolina through economic development, home ownership, housing rehabilitation, job preparation and financial management training services.

Our Region Our Plan 1362 McMillan Ave., Suite 100 Charleston, SC 29405 843-529-0400 www.ourregionourplan.org Promotes thinking and decision-making on a regional scale to address shared concerns and realize common goals and raises public awareness of issues and opportunities important to the economic health and quality of life in the region.

Demographics import/Export & Distribution

Clemson Institute for Economic and Community Development 900 Clemson Road • Columbia, SC 29229 803-788-5700 www.clemson.edu/public/ciecd/index.html Connects the resources of Clemson University and other agencies to the needs of SC communities for community outreach, institute initiatives and research. The goal of CIECD is to develop and support leadership development programs for communities that enable and empower wealth creation, foster result-oriented collaboration for building the capacity for community and economic development, provide cutting edge research-based information for community decision-making. Provides critical conceptualization and visioning facilitation to communities, support environmental sustainability through training and information sharing with partners and communities, establish a methodology for involving under-graduate and graduate students in CIECD and Sandhill programs as well as county extension offices and provide primary and applied research to communities address issues related to growth.

Dorchester County Economic Development 402 N. Main St. • Summerville, SC 29483 843-875-9109 www.dorchesterforbusiness.com Dorchester County Economic Development is responsible for growing and retaining business in Dorchester County. Its mission is to work to create and support an environment that welcomes business and helps companies to grow and succeed over the long-term.

New Carolina-S.C.’s Council on Competitiveness 1411 Gervais Street, Suite 315 Columbia, SC 29201 803-760-1400 www.newcarolina.org New Carolina works collaboratively across business, government and academic sectors to steer task forces to enhance education and workforce development, increase support for entrepreneurship and tackle issues in distressed areas. It aims to integrate education, innovation and entrepreneurship into strategies of the core industries in South Carolina. The competitiveness initiatives are to activate and upgrade clusters, continue to enhance education and workforce training, invest in research and the University system, launch internal and external marking campaigns, create an explicit economic development program for distressed areas, increase support for start-ups and local firms, create new institutions for economic development and measure progress in raising prosperity.

financial services

The Citadel Small Business Development Center 171 Moultrie St. • Charleston, SC 29406 843-953-6007 The Small Business Development Center, a counseling partner of the U.S. Small Business Administration, helps people with small business start-up ventures and assists in the continued growth of small businesses with funding from federal, state and private funds. Counseling services are free, confidential and open to any present or prospective small business owner.

College of Charleston Office of Economic Analysis 66 George St. • Charleston, SC 29424 843-953-8111 sb.cofc.edu/centers/economicanalysis/ Part of the School of Business Partnership Program which links academic programs with key segments of the Lowcountry economy. Provides objective analysis and interpretation of economic data and trends in the international, nation, regional and local economy.

Real estate & Construction

a confidential resource to help streamline the site selection process, assisting companies with issues such as buildings and sites, financing and workforce training.

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Business resources

Real estate & Construction financial services Demographics Employment & Economic Dev. Education

S.C. Economic Developers Association P.O. Box 1763 • Columbia, SC 29202 803-929-0305 www.sceda.org A statewide association of more than 500 member organization whose primary objective is to increase the effectiveness of those involved in economic development in South Carolina. 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. 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 longterm economic development. S.C. Launch 645 Meeting St. • Charleston, SC 29403 843.760.5896 www.sclaunch.org A collaboration among SCRA and South Carolina’s university research foundations. It facilitates applied research, product development and commercialization programs and works to strengthen South Carolina’s knowledge economy by creating high-wage jobs. It also provides entrepreneurs with key tools for success to help build technology startups, jobs and equity in the future for S.C. Sewee to Santee Economic Foundation Inc. 405 Pinckney Street McClellanville, SC 29458-0026 843-887-4453 Serves to promote economic growth while preserving rural heritage. Trident Technical College Division of Continuing Education and Economic Development 7000 Rivers Ave. • North Charleston, SC 29406 843-574-6022 www.tridenttech.edu/ce.htm Serves as a catalyst for personal, community and economic development by empowering individuals through education and training. University of South Carolina Division of Research Darla Moore School of Business University of South Carolina 1705 College St. • Columbia, SC 29208 803-777-4424 mooreschool.sc.edu/facultyandresearch/researchcenters/divisionofresearch.aspx

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

S.C. Centers for Economic Excellence www.sccoee.org Spearheads the SmartState Program which serves the public interest by creating incentives for the state’s research universities, in cooperation with other institutions of higher education, to raise capital from non-state sources to fund endowments for specialized research professorships which, in turn, cultivates critical, public-private industrial partnerships, expands the state’s knowledge base, create well-paying jobs and enhances economic opportunities and improves the quality of life for the people of South Carolina.

Business Resources | www.charlestonbusiness.com

The division reaches beyond the academic environment into public and private sectors of the state of South Carolina by conducting applied practical research on timely business and economic topics and serves as a center of expertise on issues associated with the state’s economy. FINANCIAL ASSISTANCE 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. 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. Charleston Angel Partners, LLC 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 high-growth eco-

nomic development in the region and screen and evaluate qualified startups looking for seed capital. Membership is open to men and women who are qualified individual investors and who work collectively to gain the benefits of a group experience but act individually in every investment decision. Charleston Local Development Corp. 75 Calhoun St., Third Floor Charleston, SC 29401 843-724-3796 www.charlestonldc.com Provides technical assistance (counseling) and administers loan programs for individuals who locate their business in the city of Charleston. It can also provide business owners with access to tax incentives and credits available through the city’s Renewal Community designation. Mortgage Bankers Association of the Carolinas Inc. P.O. Box 2588 • Mount Pleasant, SC 29465 843-303-5705 www.mbac.org Represents companies that participate in the mortgage lending industry within North and South Carolina. Members include residential and commercial mortgage bankers, mortgage brokers, wholesale lenders, savings and loan associations, commercial banks, credit unions, government agencies, nonprofit organizations and companies that provide affiliated services to mortgage bankers. Members receive legislative representation, education and training, networking, information resources and other benefits. Consumers can learn about the process of obtaining a mortgage loan, receive answers to mortgage-related questions, verify whether a lender is a member or receive assistance in resolving disputes with lenders and affiliates.

Bar-coding & Universal Product Code (UPC) GS1 US 7887 Washington Village Drive, Suite 300 Dayton, OH 45459 937-435-3870 www.gs1us.org Carolinas-Virginia Minority Supplier Development Council 9115 Harris Corners Parkway, Suite 440 Charlotte, NC 28269 704-549-1000 www.cvmsdc.org Charleston American Marketing Association P.O. Box 20885 Charleston, SC 29413 www.charlestonama.com

Education import/Export & Distribution

S.C. Human Resources Division 8301 Parklane Road, Suite A220 Columbia, SC 29223 803-896-5300 www.ohr.sc.gov A statewide government entity specializing in employee and employer services, career opportunities, training and development and workforce planning for government jobs in the state of South Carolina.

S.C. Workers’ Compensation Commission 1333 Main St., Suite 500 P.O. Box 1715 • Columbia, SC 29202-1715 803-737-5700 www.wcc.sc.gov 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.

Business Trademarks & Patents U.S. Patent & Trademark Office Madison Building, 600 Dunly St. Alexandria, VA 22315 Customer Service: 571-272-1000 www.uspto.gov State Assistance: S.C. Secretary of State 1205 Pendelton St., Suite 525 Columbia, SC 29202 803-734-0629 www.scsos.com

Employment & Economic Dev.

Employers Association of South Carolina 104 Corporate Blvd., Suite 408 West Columbia, SC 29169 803-783-0368 www.eascinc.com Provides statewide human resource, supervisory and management development training including guidance and information on compensation packages, human resource policies and practices, labor relations, development of employee handbooks, consulting and training and affinity programs. It also offers an online learning center with over 6,000 courses available.

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. Also administers unemployment benefits. All employment services are free to the public. The Labor Market Information department provides a database on industries, employers, population, income, occupations and other information.

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

MISCELLANEOUS BUSINESS DIRECTORY

Demographics

Charleston Department of Human Resources and Organizational Development 174 East Bay St., Suite 302 Charleston, SC 29403 843-724-7388 www.charleston-sc.gov/dept/?nid=1231 Responsible for the implementation of the personnel system for city employees and the position classification plan of the city, class specifications of the City, allocation lists and the personnel policies and procedures including fringe benefits, conditions of employment, salaries and employee grievances.

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 post-secondary, trade and vocational programs.

financial services

HUMAN RESOURCES

S.C. Chamber of Commerce HR Institute 1301 Gervais St., Suite 110 Columbia, SC 29201 803-799-4601 www.scchamber.net/overflow/hrinstitute.aspx Offers a certificate series providing trainees with an extensive overview of human resources, management and supervisory development, employee benefits, diversity, safety and health. The program is a more comprehensive version of the Fundamentals of Human Resources Management program and increases the fundamental knowledge, skills and techniques in human resources management.

Real estate & Construction

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.

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Business resources

Real estate & Construction financial services Demographics Employment & Economic Dev. Education

Mount Pleasant Business Association P.O. Box 1635 Mount Pleasant, SC 29465-1635 www.mympba.com

Charleston Trident Association of Realtors 5300 International Blvd., Suite C-105 Charleston, SC 29418 843-760-9400 www.charlestonrealtors.com

S.C. Association of CPAs 570 Chris Drive West Columbia, SC 29169 803-791-4181 www.scacpa.org

Charleston Trident Homebuilders Association 672 Marina Drive, Suite 105 Charleston, SC 29492 843-572-1414 www.hbacharleston.com

S.C. Association of Nonprofit Organizations 400 Arbor Lake Drive Suite B-500 Columbia, SC 29223 803-929-0399 www.scanpo.org

S.C. Hospital Association 1000 Center Point Road Columbia, SC 29210 803-796-3080 www.scha.org S.C. Hospitality Association P.O. Drawer 7577 Columbia, SC 29202 803-765-9000 www.schospitality.org

S.C. Bar Association 950 Taylor St. Columbia, SC 29201 803-799-6653 www.scbar.org

Coastal Community Foundation 635 Rutledge Ave., Suite 201 Charleston, SC 29403 843-723-3635 www.coastalcommunityfoundation.org

S.C. Broadcasters Association 1 Harbison Way, Suite 112 Columbia, SC 29212 803-732-1186 www.scba.net

U.S. Copyright Office 101 Independence Ave. S.E. Washington, DC 20559-6000 202-707-3000 www.copyright.gov

S.C. Commission on Women 1205 Pendelton St. Columbia, SC 29201 803-734-5086 www.govoepp.state.sc.us/sccw

Lowcountry Local First 1345 Avenue G North Charleston, SC 29405 843-740-5444 www.lowcountrylocalfirst.org

S.C. Department of Health and Environmental Control 2600 Bull St. Columbia, SC 29201 803-898-3432 www.scdhec.net

Medical & Health Care

Business Resources Government

S.C. Department of Labor, Licensing and Regulation Synergy Business Park, Kingstree Building 110 Centerview Drive Columbia, SC 29210 803-896-4300 www.llr.state.sc.us

Charleston Women in International Trade P.O. Box 20145 Charleston, SC 29413 www.cwitsc.org

Hospitality & Tourism

import/Export & Distribution

Charleston Defense Contractors Association P.O. Box 61089 Charleston, SC 29419 www.charlestondca.org

Business Resources | www.charlestonbusiness.com

S.C. Society of Professional Engineers P.O. Box 11937 Columbia, SC 29211-1937 803-771-4271 www.scspe.org Trident United Way 6296 Rivers Ave. #200 North Charleston, SC 29406 843-740-9000 www.tuw.org

TECHNOLOGY Association of Information Technology Professionals – Charleston AITP-Charleston P.O. Box 61225 North Charleston, SC 29419-1225 www.aitp.org/members/group_content_view.asp?group=73580&id=136410 Serves members by delivering relevant technology and leadership education, research and information on current business and technology issues and presents forums for networking and collaboration. 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 knowledge-based 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.

SPAWAR P.O. Box 190022 North Charleston, SC 29419-9022 843-218-4000 www.public.navy.mil/spawar/Pages/default.aspx A division of the Department of Navy, SPAWAR delivers higher-end Navy information technology products and services to fleet and other Defense Department stakeholders. As the Navy’s Information Dominance Systems Command, Space and Naval Warfare Systems command designs, develops and deploys advanced communications and information capabilities. Supports the full lifecycle of product and service delivery from the initial research and development, to acquisition and deployment and operations and logistics support.

Employment & Economic Dev. Education

S.C. Division of State Information Technology P.O. Box 12444 • Columbia, SC 29211 803-896-0001 www.cio.sc.gov A statewide government agency that facilitates government services in South Carolina by coordinating enterprise technology investment and providing information technology solutions. Also delivers cost effective services for citizens, businesses and government organizations.

SCRA 5300 International Blvd. North Charleston, SC 29418 843-760-3200 www.scra.org Dedicated to stimulating economic growth through science and technology, as well as provides leadership to create innovative solutions through advanced technology that enhances customers’ performance. SCRA was started by the SC Legislature under a public charter to help develop technology-based industries in the state. It is a non-stock, tax-exempt applied research corporation. Technology ventures help early-stage, South Carolina-based technology companies grow their business and commercial their products. Applied research and development creates and leads teams from many industries, organizations and disciplines to develop and apply technology solutions to complex challenges for federal and corporate clients. Research and development facilities build, manage and lease stateof-the-art laboratories, advanced manufacturing facilities and secure spaces for sensitive work.

S.C. Technology Alliance 1201 Main St., Suite 2010Columbia, SC 29201 803-748-1323 www.sctech.org Established to help prepare a technology-capable 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 South Carolina industry.

Demographics

S.C. Association for Educational Technology P.O. Box 7907 • Columbia, SC 29202 www.scaet.org A nonprofit association serving to promote the innovative, intelligent and responsible use of technology in the enhancement of education. Organizes and produces the South Carolina Educational Technology Conference and established and supports other statewide forums for sharing ideas, information and resources in the use of educational technology.

S.C. Information Technology Directors Association P. O. Box 12366 • Columbia, SC 29211-2366 803-734-9059 www.scitda.org A collaboration of technology to benefit South Carolina’s agencies and the citizens of the state. Provides a medium for the exchange of information pertinent to the management of State information technology facilities, provides a consolidation of experience, knowledge and interest in improving information technology, administration and management and serves as an instrument for the dissemination of information relating to information technology in the state.

financial services

Municipal Technology Association of S.C. 1411 Gervais St. P.O. Box 12109 • Columbia, SC 29211 803-799-9574 www.masc.sc/programs/knowledge/affiliates/Pages/Technology.aspx Promotes the effective use of information technology by municipalities throughout South Carolina and offers members access to listserves and training on how to provide better services and achieve greater efficiencies using the latest technological innovations for municipal government.

S.C. Assistive Technology Program Midlands Center 8301 Farrow Road • Columbia, SC 29203 803-935-5263 www.sc.edu/scatp/ A federally funded program concerned with getting technology into the hands of people with disabilities. A part of the national network of technology-related assistance programs, its goal is to enhance independence, productivity and quality of life for all South Carolinians through access to assistive technology devices and services.

Real estate & Construction

Information Technology Professionals of South Carolina P.O. Box 1124 • Columbia, SC 29202 www.itpsc.org Provides a forum for members to exchange information and concepts to the mutual benefit of member companies and individuals. Encourages and assists in the education of member company representatives and individuals through seminars, conferences, newsletters and special reports or presentations. Presents a unified position on information and telecommunication technology matters, policies legislative and regulatory issues and supports public and private educational institutions offering curriculums in information and telecommunications technology.

import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Business resources

Government

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. Also included in this section is information about municipalities in Berkeley, Charleston and Dorchester counties. Each city, town and county operates a little differently, so if you are planning to do business within a specific area, use this information to contact the appropriate

Fast Facts 125,691

Population of Charleston, the largest municipality in the region.

government entity or consult the websites listed on the following pages for information about permitting, business licenses, taxes, economic development, government regulations and hiring.

Population of Jamestown, the smallest municipality in the region.

Section Sponsor

Government | www.charlestonbusiness.com

8 South Carolina became the eighth state in the U.S. on May 23, 1788.

Real estate & Construction financial services Demographics Employment & Economic Dev. Education import/Export & Distribution

Hospitality & Tourism Medical & Health Care

S.C. Governor Nikki R. Haley 1205 Pendleton St. Columbia, SC 29201 803-734-2100 www.governor.sc.gov S.C. Lieutenant Governor J. Yancey McGill Statehouse, 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 Tim Scott (R) 167 Russell Senate Office Building Washington, DC 20510 202-224-6121 http://www.scott.senate.gov/ Local office: 2500 City Hall Lane, 3rd Floor Suite North Charleston, SC 29406 843-727-4525

U.S. House of Representatives Mark Sanford (R) 1st District – Horry, Berkeley, Charleston, Dorchester and Georgetown counties 322 Cannon House Office Building Washington, DC 20515 202-225-3176 http://sanford.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.house.gov/clyburn Local office: 1362 McMillan Ave., Suite 100 North Charleston, SC 29405 843-529-2708

Government

Business Resources

Legislative Representatives

State Senate

State House of Representatives

District 32 - Berkeley, Florence, Georgetown, Horry & Williamsburg Co. VACANT

Samuel Rivers Jr. [R] District 15 - Berkeley & Charleston Counties 323D Blatt Bldg., Columbia, 29201 803-212-6890

Raymond E. Cleary III (R) District 34 - Charleston, Georgetown & Horry Counties 610 Gressette Bldg., Columbia, 29201 Bus. (803) 212-6040 Lawrence K. “Larry” Grooms (R) District 37 - Berkeley & Charleston Counties 203 Gressette Bldg., Columbia, 29201 (803) 212-6400 Sean Bennett (R) District 38 - Berkeley, Charleston & Dorchester Counties 601 Gressette Building Columbia 29201 803-212-6116 sean@bennettscsenate.com John W. Matthews Jr. (D) District 39 - Berkeley, Calhoun, Colleton, Dorchester & Orangeburg Counties 613 Gressette Bldg., Columbia, 29201 803-212-6056 Paul Thurmond (R) District 41 - Charleston & Dorchester Counties 513 Gressette Bldg., Columbia, 29201 803-212-6172 Marlon E. Kimpson (D) District 42 - Charleston & Dorchester Counties 613 Gressette Bldg., Columbia, 29201 803- 212-6056 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 Paul G. Campbell Jr. (R) District No. 44 – Berkeley County 604 Gressette Building Columbia, SC 29201 803-212-6016 PaulCampbell@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

Joseph Sofronio Daning (R) District No. 92 – Berkeley County 310B Blatt Building Columbia, SC 29201 803-734-2951 JoeDaning@schouse.org Jny Anderson Horne (R District No. 94 – Charleston and Dorchester counties 308A Blatt Building Columbia, SC 29201 803-212-6871 JennyHorne@schouse.org Patsy G. Knight (D) District No. 97 – Dorchester County 306B Blatt Building Columbia, SC 29201 803-734-2960 KnightP@schouse.org Christopher J. “Chris” Murphy (R) District No. 98 – Charleston and Dorchester counties 310A Blatt Building Columbia, SC 29201 803-212-6925 chrismurphy@schouse.org James H. “Jim” Merrill (R) District No. 99 – Berkeley and Charleston counties 308D Blatt Building Columbia, SC 29201 803-734-3972 JM1@schouse.org Edward L. Southard [R] District 100 - Berkeley County 530D Blatt Office Bldg., Columbia, 29201 803-212-6930 Joseph H. Jefferson Jr. (D) District No. 102 – Berkeley County 304D Blatt Building 803-734-2936 JeffersonJ@schouse.org Steven Goldfinch Jr. (R) District No. 108 – Charleston and Georgetown counties 306 D Blatt Building Columbia, SC 29201 803-212-6880 StephenGoldfinch@schouse.com David J. Mack III [D] District 109 - Charleston & Dorchester Counties 328D Blatt Bldg., Columbia, 29201 (803) 734-3192

Government | www.charlestonbusiness.com

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 Wendell G. Gilliard (D) District No. 111 – Charleston County 328A Blatt Building Columbia, SC 29201 803-212-6793 WendellGilliard@schouse.org F. Michael “Mike” Sottile (R) District No. 112 – Charleston County 306D Blatt Building Columbia, SC 29201 803-212-6880 MikeSottile@schouse.org J. Seth Whipper (D) District No. 113 – Charleston County 328C Blatt Building Columbia, SC 29201 803-734-3191 JSW@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 Peter M. McCoy Jr. (R) District No. 115 – Charleston County 326A Blatt Building Columbia, SC 29201 803-212-6872 petermccoy@schouse.org 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 310D Blatt Building Columbia, SC 29201 803-212-6879 billcrosby@schouse.org Leonidas E. “Leon” Stavrinakis (D) District No. 119 – Charleston County 420C Blatt Building Columbia, SC 29201 803-734-3039 StavL@schouse.org

S.C. Department of Employment and Workforce Cheryl Stanton, executive director 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 www.dew.sc.gov

State Treasurer’s Office Curtis M. Loftis, Jr., state treasurer Wade Hampton Office Building 1200 Senate St. Columbia, SC 29211 803-734-2016 treasurer@sto.state.sc.us www.treasurer.sc.gov

Office of the Governor Nikki R. Haley, governor 1205 Pendleton St. Columbia, SC 29211 803-734-2100 www.governor.sc.gov

State Superintendent of Education Mick Zais, superintendent Rutledge Building 1429 Senate St., Suite 1006 Columbia, SC 29201 803-734-8492

Charleston County Administrator W. Kurt Taylor 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

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J. Elliott Summey (District 3) 843-200-4244 esummey@charlestoncounty.org

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Henry Darby (District 4) 843-297-9014 henrydarby@msn.com

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Teddie E. Pryor, chairman (District5) 843-744-5308 tpryor@charlestoncounty.org

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

import/Export & Distribution

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

County Administration

Education

S.C. Department of Commerce Robert M. Hitt, III, secretary 1201 Main St., Suite 1600 Columbia, SC 29201-3200 803-737-0400 info@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

info@ed.sc.gov www.ed.sc.gov/agency/superintendent

Employment & Economic Dev.

Attorney General’s Office Alan Wilson, attorney general Rembert Dennis Building 1000 Assembly St., Room 519 Columbia, SC 29201 803-734-3970 info@scattorneygeneral.com www.scag.gov

Office of the Lieutenant Governor J. Yancey McGill, lieutenant governor Statehouse, First Floor P.O. Box 142 Columbia, SC 29202 803-734-2080 ltgovernor@scstatehouse.gov www.ltgov.sc.gov

Demographics

S.C. Department of Agriculture Hugh E. Weathers, commissioner 1200 Senate St. P.O. Box 11280 Columbia, SC 29211 803-734-2190 hweathe@scda.sc.gov www.scda.state.sc.us

Commerce Department Small Business Services Maceo Nance, director 1201 Main St., Suite 1600 Columbia, SC 29201 803-737-0440 scbiznetwork@sccommerce.com www.sccommerce.com

financial services

Office of the Adjutant General Maj. Gen. Robert E. Livingston Jr. 1 National Guard Road Columbia, SC 29201-4766 803-806-4217 Robert.livingston@sc.ngb.army.mil www.scguard.com

Real estate & Construction

Constitutional Offices

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Government

Real estate & Construction financial services Demographics Employment & Economic Dev. Education import/Export & Distribution

Hospitality & Tourism Medical & Health Care

Business Resources Government

Colleen T. Condon (District 7) 843-225-7288 colleen@colleencondon.com

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Anna B. Johnson (District 8) 843-795-3970 ajohnson@charlestoncounty.org

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Joseph K. Qualey (District 9) 843-693-3434 jqualey@charlestoncounty.org

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Berkeley County Government Phone: 843-719-4092 (Moncks Corner) 843-723-3800 (Charleston) 843-567-3136 (St. Stephen) Berkeley County Council Daniel W. “Dan” Davis, chairman and county supervisor 1003 U.S. Highway 52 Moncks Corner, SC 29461 Ext. 4094 www.berkeleycountysc.gov •

Phillip Farley (District 1) 843-747-2486

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Timothy J. Callanan (District 2) 843- 469-5226

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Kenneth E. Gunn, Jr., (District 3) 843-499-2244

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Cathy S. Davis (District 4) 843-323-2800

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Dennis Fish (District 5) 843-871-9028

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Jack H. Schurlknight (District 6) 843-830-1804

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Caldwell Pinckney Jr. (District 7) 843-753-7377

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Steve C. Davis (District 8) 843-761-7727

Dorchester County Administrator Jason L. Ward, administrator 201 Johnston St. Kenneth F. Waggoner Building St. George, SC 29477 843-563-0100 www.dorchestercounty.net Dorchester County Council • Willie R. Davis (District 1) 843-832-2739 wdavis@dorchestercounty.net •

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

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George Bailey (District 3) 843-563-2314 gbailey@dorchestercounty.net

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Larry Hargett (District 4) 843-514-7135 lhargett@dorchestercounty.net

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Carroll S. Duncan (District 5) 843-494-1881 cduncan@dorchestercounty.net

Government | www.charlestonbusiness.com

William R. “Bill” Hearn, Jr. (District 6) 843-851-8383 bill.wrhearn@gmail.com Jay Byars (District 7) 843-563-0196 byarsj@dorchestercounty.net

County Economic Directors Berkeley County Economic Development Gene Butler 1003 U.S. Highway 52 P.O. Box 6122 Moncks Corner, SC 29461 843-719-4096 www.co.berkeley.sc.us gbutler@co.berkeley.sc.us Charleston County Economic Development J. Steven Dykes, director 4000 Faber Place Drive Ste 140 Charleston, SC 29405 843-958-4511 sdykes@charlestoncounty.org www.charlestoncounty.org Dorchester County Economic Development Jon Baggett P.O. Box 340 402 N. Main St. Summerville, SC 29484 843-875-9109 jon@DorchesterForBusiness.com www.dorchestercountysc.net

County Auditors Berkeley County Janet Brown Jurosko P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461-6120 843-719-4309 jjurosko@co.berkeley.sc.us Charleston County Peter Tecklenburg P.O. Box 614 101 Meeting St. Charleston, SC 29402 843-958-4200 PTecklenburg@charlestoncounty.org Dorchester County James Messervy Main Office: 201 Johnston St. St. George, SC 29477 843-563-0118 Summerville Office: 500 N. Main St. Summerville, SC 29483 843-832-0169 auditoradmin@dorchestercounty.net

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 Iron Bridge Road Mount Pleasant, SC 29464 843-856-1200 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 based on 2012 census data Awendaw Population: 1,333 Mayor: Miriam C. Green 6971 Doar Road Awendaw, SC 29429 843-928-3100 www.awendawsc.org Bonneau Population: 502 Mayor: Rembert E. Wrenn 420 Municipal Lane P.O. Box 70 Bonneau, SC 29431 843-852-3385 Charleston Population: 125,691 Mayor: Joseph P. Riley Jr. 80 Broad St. Charleston, SC 29401 843-577-6970 www.charlestoncity.info Building Permits: 843-724-7320 Building Licenses: 843-724-3711

Construction Permits: 843-724-3782 Economic Development: 843-958-4506 Zoning: 843-724-3755 Folly Beach Population: 2,682 Mayor: Tim Goodwin 21 Center St. P.O. Box 48 Folly Beach, SC 29439 www.cityoffollybeach.com Building Official/Zoning Administrator: 843588-2447 Goose Creek Population: 38,579 Mayor: Michael J. Heitzler 519 N. Goose Creek Blvd. P.O. Drawer 1768 Goose Creek, SC 29445 843-797-6220 www.cityofgoosecreek.com Planning Department: 843-797-6220, ext. 118 Hanahan Population: 19,157 Mayor: Minnie Newman-Caldwell 1255 Yeamans Hall Road Hanahan, SC 29406 843-554-4221 www.cityofhanahan.com Harleyville Population: 692 Mayor: Charles Ackerman 119 S. Railroad Ave. Harleyville, SC 29448 843-462-7676 Hollywood Population: 4,855 Mayor: Jacquelyn S. Heyward 6316 S.C. Highway 162 P.O. Box 519 Hollywood, SC 29449 843-889-3222 Isle of Palms Population: 4,247 Mayor: Richard F. Cronin P.O. Box 508 Isle of Palms, SC 29451 843-886-9361 www.isle-of-palms.sc.us Building Permits & Business Licenses: 843886-9912 James Island Population: included within the CharlestonNorth Charleston Urbanized Area and the larger Charleston-North Charleston Metropolitan Statistical Area. Mayor: Bill Woolsey 1238 Camp Road P.O. Box 12240 James Island, SC 29412 843-762-7744 www.townofjamesislandsc.org

Ridgeville Population: 1,998 Mayor: James Williams P.O. Box 238 Ridgeville, SC 29472 843-871-7960 Rockville Population: 138 Mayor: Riley Bradham P.O. Box 9 Rockville, SC 29487 (843) 559-0938 http://www.townofrockville.com/

Sullivan’s Island Population: 1,842 Mayor: Mike Perkis 1610 Middle St. P.O. Box 427 Sullivan’s Island, SC 29482 843-883-3198 www.sullivansisland-sc.com Summerville Population: 44,719 Mayor: William C. Collins 200 S. Main St. Summerville, SC 29483 843-871-6000 www.summerville.sc.us

import/Export & Distribution

St. George Population: 2,127 Mayor: Anne Johnston 305 Ridge St.

Seabrook Island Population: 1,755 Mayor: Terrence J. Ahern 2001 Seabrook Island Road Seabrook Island, SC 29455 843-768-9121 www.townofseabrookisland.org

Education

North Charleston Population: 101,989 Mayor: R. Keith Summey 2500 City Hall Lane P.O. Box 190016 North Charleston, SC 29406 843-740-2504 www.northcharleston.org

Reevesville Population: 201 Mayor: Paul Wimberly P.O. Box 126 Reevesville, SC 29471 843-563-2058

St. Stephen Population: 1,751 Mayor: John Rivers 124 Hood St. St. Stephen, SC 29479 843-567-3597

Employment & Economic Dev.

McClellanville Population: 517 Mayor: Rutledge B. Leland III 21 Morrison Ave. McClellanville, SC 29458 843-887-3713 www.townofmcclellanville-sc.net

Mount Pleasant Population: 71,875 Mayor: Linda Page 100 Ann Edwards lane P.O. Box 745 Mount Pleasant, SC 29464 843-884-8517 www.townofmountpleasant.com Building Inspection & Zoning: 843-884-1229 Business Licenses: 843-849-2786 Economic Development: 843-856-2504

Ravenel Population: 2,533 Mayor: Opal N. Baldwin 5962 Highway 165, Suite 100 Ravenel, SC 29470 843-889-8732

P.O. Box 904 St. George, SC 29477

Demographics

Lincolnville Population: 1,174 Mayor: Charles B. Duberry P.O. Box 536 Lincolnville, SC 29485 843-873-3261 www.lincolnvillesc.com

Moncks Corner Population: 8,662 Mayor: William W. Peagler III 118 Carolina Ave. P.O. Box 700 Moncks Corner, SC 29461 843-719-7900 www.townofmonckscorner.sc.gov

Building Inspection & Permits: 843-740-2530 Economic Development: 843-740-2530 Zoning: 843-740-2578

financial services

Kiawah Island Population: 1,662 Mayor: Charles R. Lipuma 21 Beachwalker Drive Kiawah Island, SC 29455 843-768-9166 www.kiawahisland.org

Meggett Population: 1,264 Mayor: Harry V. “Buster” Herrington III 4776 S.C. Highway 165 Meggett, SC 29449 843-889-3622 www.meggettsc.com

Real estate & Construction

Jamestown Population: 75 Mayor: Roy P. Pipkin 7604 S.C. Highway 41 P.O. Box 145 Jamestown, SC 29453 843-257-2233 www.bcdcog.com/pdf/Regional_Directory/ jamestown.pdf

Hospitality & Tourism Medical & Health Care

Business Resources Government

www.charlestonbusiness.com |

Government

Education

Employment & Economic Dev.

Demographics

financial services

Real estate & Construction

The index

Real Estate & Construction..................................................... 4

Median home sales prices by year, 2009-13.......................................................... 6 2013 sales by price range Charleston MLS............................................................. 6 Days on the market until sale.......................................................................................7 Housing density................................................................................................................ 8 Housing affordability in the Charleston region.................................................... 9 Percentage of original asking price received.......................................................10 Housing building permits issued by county.......................................................... 11 Housing construction expenditures by county.................................................... 11 Percentage of sales that were distressed in the Charleston area................ 12 Top Areas: Distressed market share in 2013......................................................... 12 Median sales price.......................................................................................................... 12 Commercial real estate – Charleston market....................................................... 13 Average monthly rent in the Charleston area - March 2014...........................14 Apartment units - March 2014...................................................................................14 Charleston-area average rental rates — March 2014......................................... 15 Number of closed sales in S.C....................................................................................16 Comparison of S.C. housing market, 2009-2013................................................16 The Charleston Trident area leads South Carolina in percentage of list price received, days on market, total closed sales........ 17 Construction jobs in S.C...............................................................................................18 Housing building permits for S.C. cities.................................................................18 Industrial buildings........................................................................................................20 Housing cost.................................................................................................................... 23

South Carolina banking facts....................................................................................26 Net Income in Millions of Dollars.............................................................................26 Percentage of Unprofitable Institutions................................................................26 Deposit market share, Charleston MSA, 2013.....................................................26 Slimmer S.C. banks show fatter profits..................................................................28 SBA Lending in the Lowcountry..............................................................................29 Number of offices of savings institutions and deposits, 2013......................29

Demographics......................................................................... 30 2013 Charleston-area population............................................................................. 32 Gender diversity pays dividends, but S.C. boardrooms lack it.....................33 Mean travel time to work, in minutes.....................................................................34 How people get to work in the Charleston area, 2012....................................34 Average wage growth 2000-2012...........................................................................34 If you made $50,000 a year in the Charleston MSA........................................34 Cost of living index, Charleston MSA..................................................................... 35 Charleston MSA population percentage by age................................................ 35

Employment & Economic Development............................. 36 Employment by sector in S.C....................................................................................38 How much do South Carolinians earn?.................................................................38 S.C.’s job market on the upswing.............................................................................38 Tracking GDP growth in S.C.......................................................................................39 Economic impact of the Charleston MSA’s creative class............................. 40 Charleston Digital Corridor’s 2013 wage survey............................................... 40 Economic development by county..........................................................................41 5 fastest-growing job sectors in Charleston MSA, 2012-2013.......................42 10 largest manufacturing employers in Charleston MSA...................................................................................42 Energy in South Carolina............................................................................................43

Government

Business Resources

Medical & Health Care

Hospitality & Tourism

import/Export & Distribution

Financial Services................................................................... 24

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

Government | www.charlestonbusiness.com

Charleston-area school districts...............................................................................46 State funding at research universities....................................................................48 State aid for students...................................................................................................48

The rising cost of a degree.........................................................................................48 University R&D................................................................................................................48 Percentage of positions requiring higher education by degree type.......50 Technical colleges in S.C. ............................................................................................ 51 S.C. Education Lottery distribution in higher education programs............ 52 S.C. Education Lottery distribution in K-12 programs...................................... 52 S.C. Education Lottery by county, FY 2012-13.................................................... 53

Import/Export Distribution................................................... 54 Part of the global economy.......................................................................................56 Top 5 countries exporting to S.C. in 2013.............................................................56 Top 5 countries importing from S.C. in 2013.......................................................56 Top commodities exported........................................................................................56 Top commodities imported........................................................................................56 The average day at S.C. ports...................................................................................58 Economic impact of S.C. ports.................................................................................58 Operating revenues by port, 2013...........................................................................58 U.S. waterborne total by U.S. Customs port, 2012............................................59 Exports are on the rise in Charleston MSA .........................................................59 South Carolina Inland Port........................................................................................ 60

Hospitality & Tourism............................................................. 62 2013 tourism by the numbers....................................................................................64 Average personal expenditures in Charleston, by category.........................64 Charleston County occupancy rates and average daily room rates, 2013.....65 Charleston region 2% accommodations tax revenue distribution by city or town.......................................................................................65 2014 Charleston Wine + Food Festival by the numbers.................................66 2014 Charleston Race Week by the numbers..................................................... 67 2014 Brewvival................................................................................................................ 67 Charleston International Airport..............................................................................68 Airport rental car activity, 2013................................................................................68 Nonstop flight destinations organized by airline carrier................................68 Total daily flights............................................................................................................68 Charleston-area traffic to historic houses, museums, plantations and attractions, 2013.......................................................68

Medical & Health Care........................................................... 70 The high costs of chronic conditions..................................................................... 72 Percentage of uninsured South Carolinians higher than U.S........................ 74 What does insurance cost?........................................................................................ 74 Buying health care on the federal exchange....................................................... 75 Hospitals............................................................................................................................ 75 Employment and earnings for health care professionals – Charleston MSA, 2013...................................................................................................76 Participated in recommended amount of physical activity – Charleston MSA, 2012...................................................................................................76 Adults who are smokers – Charleston MSA, 2012............................................. 77 National Institutes of Health funds research in S.C........................................... 77

Business Resources.................................................................78 Chambers of Commerce............................................................................................ 80 Economic Development............................................................................................. 80 Financial Assistance......................................................................................................82 Human Resources..........................................................................................................83 Miscellaneous Business Directory............................................................................83 Technology.......................................................................................................................84

Government............................................................................. 86 Legislative Representatives.......................................................................................88 Constitutional Offices...................................................................................................89