2021 GSA Business Report Market Facts by SC Biz News

MARKETFACTS August 23, 2021 | www.GSABusiness.com | Volume 24, No. 16

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Letter from the editor UPSTATE NEWSROOM

I was hoping last year at this time to have little need to mention the pandemic in

Editor - Ross Norton rnorton@scbiznews.com • 864.720.1222

this issue. I dared to hope that any mentions necessary would be about something in our rearview mirror, about resilience and a soaring economy … about adversity

Staff Writer - Molly Hulsey mhulsey@scbiznews.com • 864.720.1223 Associate Editor, Custom Publishing Division Jim Tatum jtatum@scbiznews.com • 864.720.2269 MIDLANDS NEWSROOM Editor - Melinda Waldrop mwaldrop@scbiznews.com • 803.726.7542

vanquished. I can’t claim total disappointment. There are up-arrows and upward trends aplenty in the pages that follow. The business community stepped up to fight in countless ways. Some created new products. Some created new policies that allowed their workforce to be safe. We all are ready to declare victory but cannot. Every day I get a new press release about businesses and organizations tightening up in the face of a sudden rise in cases. The

LOWCOUNTRY NEWSROOM

COVID battle isn’t over, but it seems we’re better prepared to take it on.

Executive Editor - Andy Owens aowens@scbiznews.com • 843.849.3142

Ross Norton, Editor

Staff Writer - Teri Errico Griffis tgriffis@scbiznews.com • 843.849.3125 Editor, Custom Publishing Division Steve McDaniel smcdaniel@scbiznews.com • 843.849.3123 Research Specialist - Paige Wills pwills@scbiznews.com • 843.849.3125 News Editor - Alexandria Ng ang@scbiznews.com • 843-849-3124 Web Editor - Rob Lyle rlyle@scbiznews.com • 843.849.3119 UPSTATE ACCOUNT EXECUTIVES Senior Account Executive - Ryan Downing rdowning@scbiznews.com • 864.720.1221 Account Executive - Angie Hammond ahammond@scbiznews.com • 864.720.1974 MultiMedia Advertising Executive - Amanda Alford aalford@bridgetowermedia.com • 864.720.1225

Contents

6 DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT 18 EDUCATION 24 MEDICAL & HEALTH CARE 30 FINANCE 36 REAL ESTATE 44 ARCHITECTURE, ENGINEERING & CONSTRUCTION 54 BUSINESS RESOURCES 62 CORPORATE MILESTONES

About the cover: South Carolina’s Media Engine for Economic Growth Group Publisher - Rick Jenkins rjenkins@scbiznews.com • 864.720.1224 Director of Advertising - Robert Reilly rreilly@scbiznews.com • 843.849.3107

Photographer Chris Leyland captured the heart of one of the talent recruiter’s most effective tools. Falls Park, with one of the country’s only urban waterfalls, plays a critical role in establishing that special something that makes Greenville attractive to talent.

Creative Director - Ryan Wilcox rwilcox@scbiznews.com • 843.849.3117 Events Account Executive - Melissa Tomberg mtomberg@scbiznews.com • 864.720.1220 Events Manager - Kim McManus kmcmanus@scbiznews.com • 843.849.3116 Accounting - Robin Tillotson ar@pbmbrands.com • 336.605.1025 Subscription Services service@bridgetowermedia.com • 877.615.9536 CUSTOM MEDIA DIVISION Director of Business Development - Mark Wright mwright@scbiznews.com • 843.849.3143

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TITLE SPONSORS

ank of Travelers Rest is honored to partner with GSA Business to publish Market Facts. As the oldest bank chartered and still headquartered in Greenville County, we recognize the important contributions of the people, businesses and organizations that make the Upstate a place we are proud to call home. To us, community banking involves listening to our customers so we can Tom Britt recommend solutions for their unique President needs. The core of our business is centered in banking; however, we find value in community initiatives and reinvest in those to fund the growth, change and betterment of life for the communities around us. As the Upstate positions for growth, we hope Market Facts will be a tool to propel your business into the center of that growth.

oebuck Buildings Company is honored for the privilege to partner with GSA Business for Market Facts. For the past 74 years we’ve been in business in the Upstate, we’ve strived to Build Better. This past year our community has experienced unprecedented changes, given the current health crisis. However, the people, businesses, organizations Ryan Mabus and community leaders have helped one Vice President of another navigate through the process of Project Development these changing times. With this, we have been able to Build Better — Communities, Families, Businesses, and Friendships. As the Upstate continues its growth trajectory, we hope Market Facts will help propel your business to be in the center of that growth. We appreciate the opportunity to Build Better for years to come, right here in the Upstate of South Carolina.

SECTION SPONSORS DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

REAL ESTATE

EDUCATION

ARCHITECTURE, ENGINEERING & CONSTRUCTION

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BUSINESS RESOURCES

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CORPORATE MILESTONES

www.gsabusiness.com |

MARKET FACTS

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

he graph on the top of page 16 may be the most startling and hopeful look of our journey through the COVID-19 pandemic so far. The dismal drop in total passenger traffic at GreenvilleSpartanburg International Airport as the shutdown gripped all parts of our economy was nearly 100%. Those quiet days have been followed by some degree of recovery for nearly every sector of the economy. For GSP it was a recovery approaching 2,000% as we came to the end of June.

FAST FACTS » $7.1 BILLION Economic impact of the South Carolina port system. Page 10

» 38%

of the tires exported from the United States left this country through S.C. ports. PAGE 13

SECTION SPONSOR

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UPSTATE COUNTIES The 10 counties that comprise the Upstate each have distinctive characteristics. Together they make up the strong economic backbone of South Carolina. Here are some facts about the demographics and economy of each county.

ABBEVILLE COUNTY

CHEROKEE COUNTY

POPULATION

2010 2020 2025

25,417 25,814 26,030

> > > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS

187,126 208,587 219,541

> > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS

NUMBER OF EMPLOYEES

SAGE AUTOMOTIVE INTERIORS. . . . . . . . . . . . . . . . 416

ELECTROLUX HOME PRODUCTS. . . . . . . . . . . . . . . . . . . . . . . . . 1,950

FLEXIBLE & THERMAFLEX TECHNOLOGIES. . . . . . 415 PRYSMIAN POWER CABLES & SYSTEMS. . . . . . . . 320

> > > > > > > > > > > > > > > > > >

55,342 57,978 59,212

> > > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS NUMBER OF

EMPLOYEES NESTLE USA PREPARED FOOD DIVISION. . . . . . . . . . . . . . . . . 1,000

ROBERT BOSCH CORP.. . . . . . . . . . . . . . . . . . . . . . 1,431

MILLIKEN & CO - ALLEN, LIMESTONE, MAGNOLIA PLANTS.. . . . . . . . . . . . . . . . . . . . . . . . . 989

BURNSTEIN VON SEELEN PRECISION CASTING. . . . . . . . . . . . . . . . . . . . . . . . 200

MICHELIN NORTH AMERICA.. . . . . . . . . . . . . . . . . 1,241

FREIGHTLINER CUSTOM CHASSIS . . . . . . . . . . . . . 909

TECHTRONIC INDUSTRIES. . . . . . . . . . . . . . . . . . . . . 1,100

HAMRICK MILLS. . . . . . . . . . . . . . . . . . . . . . . . . . . . 890

PRO TOWELS.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150

FIRST QUALITY ENTERPRISES.. . . . . . . . . . . . . . . . . . . 797

TIMKEN CO.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400

$34,502

$52,904

$35,511

MEDIAN HOUSEHOLD INCOME, 2020

UNEMPLOYMENT RATE, JUNE 2021

GREENVILLE COUNTY

GREENWOOD COUNTY

LAURENS COUNTY

5.2%

4.3%

5.7%

POPULATION

2010 2020 2025

451,225 529,297 569,335

> > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS

69,661 72,232 73,706

> > > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS

> > > > > > > > > > > > > > > > > >

(EST.)

66,537 69,125 70,481

> > > > > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS

NUMBER OF EMPLOYEES

GENERAL ELECTRIC CO.. . . . . . . . . . . . . . . . . . . 2,500

EATON CORP.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,275

ZF TRANSMISSIONS. . . . . . . . . . . . . . . . . . . . . . 2,500

MICHELIN NORTH AMERICA.. . . . . . . . . . . . . . . . 1,687

FUJIFILM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000

YANGFENG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 951

SEALED AIR CORP. - CRYOVAC DIVISION . . . . . . 1,300

CAROLINA PRIDE FOODS. . . . . . . . . . . . . . . . . . . . . 925

STERILITE CORP. . . . . . . . . . . . . . . . . . . . . . . . . . . . 700

MAGNA INTERNATIONAL. . . . . . . . . . . . . . . . . . . . . 1,000

LONZA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 605

COUNTRY FRESH. . . . . . . . . . . . . . . . . . . . . . . . . . . 430

BOSCH REXROTH CORP. . . . . . . . . . . . . . . . . . . . . . 780

CARDINAL HEALTH (MEDTRONIC).. . . . . . . . . . . . . 500

D&W FINEPACK. . . . . . . . . . . . . . . . . . . . . . . . . . . . 400

$60,877

$43,299

$42,799

MEDIAN HOUSEHOLD INCOME, 2020

UNEMPLOYMENT RATE, JUNE 2021

3.9%

ANDERSON COUNTY

5.1%

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

4.8%

OCONEE COUNTY

PICKENS COUNTY

SPARTANBURG COUNTY

POPULATION

2010 2020 2025

74,273 81,353 85,709

> > > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS

> > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > >

119,224 129,347 134,734

TOP MANUFACTURING EMPLOYERS

> > > > > > > > > > > > > > > >

284,307 332,410 356,350

> > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS

NUMBER OF EMPLOYEES

DUKE ENERGY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,314

ABBOT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 490

BMW MANUFACTURING CORP . . . . . . . . . . . . . . . 11,000

BORGWARNER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 940

RELIABLE AUTOMATIC SPRINKLER.. . . . . . . . . . . . . . . 450

MILLIKEN & CO.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,957

ITRON. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 930

YOKOHAMA AMERICA . . . . . . . . . . . . . . . . . . . . . . . . . . . . 378

ADIDAS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,520

JTEKT/KOYO BEARINGS. . . . . . . . . . . . . . . . . . . . . . . . . . . 630

COMATROL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 336

MICHELIN NORTH AMERICA. . . . . . . . . . . . . . . . . . . . 1,165

SCHNEIDER ELECTRIC. . . . . . . . . . . . . . . . . . . . . . . . . . . . 532

CORNELL DUBILIER MARKETING.. . . . . . . . . . . . . . . . . 308

DRAEXLMAIER AUTOMOTIVE OF AMERICA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,075

$48,240

MEDIAN HOUSEHOLD INCOME, 2020

4.4%

UNEMPLOYMENT RATE, JUNE 2021

$48,571

NUMBER OF EMPLOYEES

$54,724

MEDIAN HOUSEHOLD INCOME, 2020

UNEMPLOYMENT RATE, JUNE 2021

4.1%

4.5%

UNION COUNTY

POPULATION 2010 2020 2025

SOUTH CAROLINA

28,961 28,098 27,678

> > > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > > >

TOP MANUFACTURING EMPLOYERS NUMBER OF EMPLOYEES

GESTAMP AUTOMOCION. . . . . . . . . . . . . . . . . . . . . . . . . . 800 MILLIKEN & CO - CEDAR HILL PLANT. . . . . . . . . . . . . 324 TIMKEN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241 HAEMONETICS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 234 STANDARD TEXTILE CAROLINA. . . . . . . . . . . . . . . . . . 160

$37,403

MEDIAN HOUSEHOLD INCOME, 2020

POPULATION 2010 2020

> > > > > > > > > > > >

4,625,366 5,118,425

> > > > > > > > > > > > > >

$53,199

MEDIAN HOUSEHOLD INCOME, 2019

4.5%

UNEMPLOYMENT RATE, JUNE 2021

6.9%

UNEMPLOYMENT RATE, JUNE 2021

Source: UpstateSCAlliance, SC Department of Employment and Workforce, U.S. Census Bureau

www.gsabusiness.com

| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

South Carolina Ports Economic Impact $63.4 billion

$1.1 billion

1 in 10 jobs

annual economic impact on S.C.

Scan QR code

to see the full report

in tax revenue generated annually for S.C.

in S.C. are due to the Port

Upstate

58+42 25+75

or go to bit.ly/SCPortsStudy

$32.8 billion

51.8% percentage of total impact

economic impact

11+89 12+88

116,561 total jobs

$6.6 billion

11.3%

labor income

percentage of total impact

Midlands

24.6% percentage of total impact

$15.5 billion economic impact

Pee Dee $7.1 billion

economic impact

25,275 total jobs

$1.4 billion labor income

Lowcountry

55,346

$7.8 billion

total jobs

$3.1 billion

12.3%

labor income

percentage of total impact

economic impact

27,781

total jobs

$1.5 billion labor income

Source: The Economic Impact of the South Carolina Ports Authority - 2019

S.C. State Ports Authority, FY 2020 vs. FY2021 Vehicles moving through the port FY2020 FY2021

199,825

Inland port rail moves Greer

+27.1%

Dillon

253,981

THE TREND:

VEHICLE ACTIVITY ACCELERATES With the onset of the coronavirus pandemic, BMW and Volvo ceased operations, causing a dramatic drop in vehicles moving through the port in fiscal year 2020. With the plants back open, vehicles moving through the port grew 27.1% in fiscal year 2021.

157,842 140,155

FY2020

Source: S.C. State Ports Authority

Three vessels at SC Ports Wando Welch Terminal (Photo/Walter Lagarenne, SCPA)

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

FY2021

32,453

35,002

FY2020

FY2021

75 Years of Legal Strength

More than 200 professionals serving the Upstate and beyond. 104 South Main Street | Suite 900 | Greenville, SC 29601 (T) 864.370.2211 Jim Warren | Office Managing Partner

Charleston • Charlotte • Columbia • Greensboro • Greenville • Hilton Head • Myrtle Beach • Raleigh • Austin

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South Carolina importing and exporting TOP 5 COUNTRIES SENDING IMPORTS TO S.C., 2020 Germany

-9.5%

from 2017

China

-12.2%

from 2017

Mexico

Canada

23.1%

Germany

Vietnam

-12.8%

from 2017

TOP 5 COUNTRIES RECEIVING EXPORTS FROM S.C., 2020

from 2017

11.9%

148.4%

from 2017

$8B

5.8%

from 2017

China

$7B $6.872B $6.620B

$6.921B

-34.4%

$6.835B

$6B

$5.813B $4.451B

$3B $2.820B

$3.814B $2.961B

$5.637B

$5B

$4.764B

$4B $3.615B

-30.4%

$6.495B

$6.220B

$4B

$2.813B

$2.457B

$2B

$1.853B

$3.785B

$2.608B

$3.979B

$4.010B

$0.746B

0 2017

$0.738B

2018

2019

2020

$4.082B $3.886B

$2.770B $2.198B

$2B $1B

$0.840B

China’s numbers have dropped 40% from 2019 to 2020. This steep decrease is likely due to COVID-19’s impact on supply chains, consumer demand and ongoing tariffs.

$4.006B

$3.768B

$1.813B $1.286B

$1B

137.6%

from 2017

$4.48B

$3.648B

$3B

Belgium

from 2017

$6.230B

$6.461B

$5B

Mexico

from 2017

$7B $7.268B

$6B

Canada

$0.595B

0 2017

$0.764B

2018

2019

$1.414B

2020 Source: U.S. Census Bureau

SCMEP now offers SCMEP Online, an online training portal speciﬁcally for manufacturers. We realize time is valuable and ﬂexible online learning provides critical training in a wide array of operational disciplines.

115

SCMEP is a not-for-proﬁt 501(c)3 organization afﬁliated with The National Institute of Standards and Technology’s (NIST) Hollings Manufacturing Extension Partnership (MEP), a network of 51 MEP Centers located in all 50 states and Puerto Rico.

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

South Carolina’s export market share in 2020 21 % of passenger vehicles

38% of tires

exported from the U.S. were exported from S.C., 2020 – 1% from S.C.

exported from the U.S. were exported from S.C., 2020

– 1% from all other states

– 1% from S.C.

– 1% from all other states

Source: S.C. Department of Commerce

Aerospace industry’s effect on S.C. exports – Total value of S.C. Exports $45B

– Total value of civilian aircraft, engines, and parts exports

$40B $35B

$32.2B

S.C.’s percent share of the U.S. total of civilian aircraft, engines, and parts exports

$41.5B

2017

$34.6B

2018 22.8%

$30.3B

$30B

2020

29.9%

13.3%

S.C. EXPORTS HEAVILY RELIANT ON BOEING Since Boeing’s arrival in S.C., civilian aircraft, engines and parts have become the state’s number one export. Boeing’s successes and challenges have a direct — and significant — impact on S.C. exports. Boeing has had multiple challenges recently including the temporary suspension of 737 MAX production after two crashes, the shutting of plants during the pandemic and an airline industry that was reeling as the pandemic took hold. Recently, Boeing decided to move all 787 production to its North Charleston site, which is likely to help their numbers rebound and likely increase S.C. total exports.

$20B

$12.4B

$15B

$6.3B

$7.9B $4.0B

$5B 0

2019

THE TREND:

$25B

$10B

19.5%

2017

2018

2019 www.gsabusiness.com

2020

Source: U.S. Census Bureau

| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

Distribution and logistics in South Carolina $37.2 billion economic impact $1.5 billion

Announced capital investments by transportation, distribution and logistics (TDL) firms in S.C., 2011-2020

139,650 South Carolinians employed in the TDL business

208 million People within two days’ drive of South Carolina

41,000 Miles of state-

2,300 Miles of rail

maintained highways

Source: S.C. Department of Commerce

WE CAN HANDLE IT

LOCALLY OWNED AND OPERATED TRANSPORTATION AND WAREHOUSING SERVICES

YOU CAN DEPEND ON 1630 Old Hwy 14 South | Greer, SC 29651 | 864-848-3854 | 1-800-366-1895 | www.swaffordtransport.com

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

South Carolina craft breweries, 2020

105,620

$905 Million Economic Impact

Barrels of craft beer produced per year Ranks 36 in U.S.

Ranks 26 in U.S.

Number of craft breweries operating per year

increased the amount of beer a person could consume at a brewery per day from 4 tasting glasses to 48 ounces.

2011

2012

20 2013

Temporary order

allowed breweries to sell more than 3 pints of beer per customer if the brewery has a food service permit from the S.C. Department of Health and Environmental Control.

31 2014

Ranks 44th in U.S.

On March 21, 2020, Gov. McMaster signed a bill allowing for curbside pick-up of beer and wine to limit in-person contact.

The Stone Law

The Pint Law

Gallons per 21+ Adult

One of the drivers of the expansion of the craft beer industry in S.C. has been the passage of bills by the state legislature that favor the industry.

0.8

2015

82 50

61 Two more bills signed

The first allows craft breweries to donate their product to charities and provides that brewers can participate in nonprofit events by pouring their beverages and providing equipment. The second bill allows breweries to sell liquor, which helps brewpubs planning to distribute their product.

2016

2017

2018

2019

2020 Source: Brewers Association

25 years of innovations in the Upstate A lot has changed since we came to South Carolina in 1996. What has remained the same is our commitment to our customers, to the region and to the future of the automobile. Elegant interiors, complex electrical systems, and central electrical and electronic components: We create solutions for the next generations of vehicles. www.draexlmaier.com

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Total passengers at GSP International Airport, Jan. 2019 - June 2021 The airline industry was one of the hardest hit as COVID-19 spread across the world. However, as vaccines became widely available and COVID-19 cases began to decrease, travel activity at GSP took off.

-96%

246,871

250K

decrease from October 2019 to April 2020

200K

1,841%

150K

169,274

increase from April 2020 to June 2021

100K

50K

8,721 1/19

2/19

3/19

4/19 5/19

6/19

7/19

8/19

9/19 10/19 11/19 12/19 1/20 2/20 3/20 4/20 5/20 6/20 7/20 8/20 9/20 10/20 11/20 12/20 1/21

2/21

3/21 4/21

5/21

6/21

Source: GSP International Airport

South Carolina statewide lodging outlook report, May 2021 – Percent Change from May 2020 to May 2021

Occupancy rate

Average room rate

RevPAR RevPAR = Revenue Per Available Room, i.e., total room revenue divided by total number of room nights.

+53.8% 90%

+73.2%

80%

66.5%

70% 60%

$138.81

$140

$130

$120

$110

$100 $90

$90.28

$90 $80

$70

$60

30%

$50

$40

20%

$30

$20

$10

40%

38.4%

10% 0%

May 2020

May 2021

May 2020

$92.37

$100

$80

50%

+166.1%

May 2021

THE TREND:

LODGING NUMBERS REBOUNDING RAPIDLY Year-over-year numbers confirm that lodging is rebounding at a rapid pace. People are eager to travel after months of restrictions. Vaccine availability and a temporary decline in COVID-19 cases also led to people resuming more activities.

$34.71

May 2020

May 2021 Source: S.C. Department of Parks, Recreation and Tourism

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| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

EDUCATION

ith close to 13% of its 25-and-over population holding at least a graduate or professional degree, Greenville County boasts the most highly educated populations in the area, but we also have to take note that almost the same number — 12% did not earn a high school diploma. For the decade starting in 2010, enrollment in the S.C. technical colleges saw a steady decline despite being touted by the political leaders and economic developers across the state.

FAST FACTS » $62,849

Median earnings of Anderson County residents with a graduate or professional degree. PAGE 22

» 12.8%

The percentage of Greenville County residents 25 or older with a graduate or professional degree. PAGE 22

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| EDUCATION

Enrollment analysis of technical colleges and research institutions, 2009 – 2019 THE TREND:

TECHNICAL COLLEGE ENROLLMENT CONTINUES DECLINE, FOR NOW

80,000

Technical college enrollment expanded during the Great Recession. As unemployment increased, many sought the cost-effective training necessary to embark on a new career that the state’s technical college system offers. As jobs became more plentiful, that enrollment has declined. The pandemic may have a similar impact as the thousands of unemployed workers began to reassess their professional trajectory; many have resigned their positions and look to change careers that may require additional training.

75,000 70,000 64,597

65,000

62,511

64,227

63,463

61,893

59,246

60,000 55,000 50,080

48,440

50,000

51,682

53,359

59,685

59,039

58,593

61,126

56,505

54,932

55,411

52,940

51,896

48,792

48,706

46,953

45,000 40,000 2009

2010

2011

2012

2013

2014

2015

Technical Colleges: Aiken, Central Carolina, Denmark, Florence-Darlington, Greenville, Horry-Georgetown, Midlands, Northeastern, Orangeburg-Calhoun, Piedmont, Spartanburg CC, TC of the Lowcountry, Tri- County, Trident, Williamsburg, York

2016

2017

2018

2019

Research Institutions: Clemson, MUSC, USC Columbia

Source: S.C. Commission on Higher Education

Annual college tuition costs

- 2008—2009

- 2020—2021

- percentage change

For selected S.C. public colleges and universities.

CLEMSON UNIVERSITY

$10,608

$15,120 $11,731

MUSC**

USC COLUMBIA*

$8,838

$12,688

$8,428

THE CITADEL

$14,318

43% 22%

44%

$13,140

56% THE TREND:

COLLEGE OF CHARLESTON

$8,400 $7,806

SC STATE TRIDENT TECHNICAL COLLEGE

$3,330 $0

$2,000

$4,563 $4,000

$12,518 $11,060

42%

$10,000

$12,000

COST OF HIGHER EDUCATION CONTINUES TO RISE

49%

Tuition continues its upward climb, with no sign of coming down. The pandemic didn’t slow this trend, even when many institutions had to switch to online learning at various times.

37% $6,000

$8,000

$14,000

$16,000

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

EDUCATION | www.gsabusiness.com

Southeast has lowest spending per pupil

National education spending Region Northeast Midwest West South

The South spends the lowest amount per student in the U.S., on average, according to the latest data from the U.S Census Bureau. The Census reports that spending has increased nationally for six years.

Average per pupil $19,953 $12,773 $11,582 $10,285

$14K

5 states that spend most $12K

State New York Washington, D.C. Connecticut New Jersey Vermont

$10K

$8K

Average per pupil $24,040 $22,759 $20,635 $20,021 $19,340

$6K

5 states that spend least

$9,544

$9,377

$9,346

Georgia

Arkansas

Alabama

Tennessee

Carolina

Florida

$8,935

$9,696

S. Carolina

$10,139

Louisana

$10,810

Virginia

$10,856

$11,452

$2K

$12,216

$4K

Mississippi

State Utah Idaho Arizona Oklahoma Mississippi

Average per pupil $7,628 $7,771 $8,239 $8,239 $8,935

Source: U.S. Census Bureau, May 2020, using 2018 data

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| EDUCATION

The connection between education and earnings The highest wage-earners in the Upstate region hold a college degree or higher. Someone who holds a graduate degree or higher makes over three times the wages of a person who dropped out of high school. As more skilled jobs come to the region, the opportunity for those holding a degree will grow. Increasing educational attainment improves work outcomes whether or not there is a crisis like the coronavirus pandemic.

Educational attainment for population 25 years and over, 2019

5.4+8.4+24.920921.212.2 5+9.6+2921.410.5158.6 5+10.5+312110.6138 4.1%

Less than 9th grade

12.8%

Graduate or professional degree

7.9%

9th to 12th grade, no diploma

GREENVILLE COUNTY

22.2%

23.8%

High school graduate (includes equivalency)

Population 25 years and over:

Bachelor’s degree

344,589

9.3%

Associate degree

19.9%

Some college, no degree

8.9%

4.9%

Less than 9th grade

Graduate or professional degree

4.5%

8.1%

Less than 9th grade

Graduate or professional degree

9.4%

15.6%

Bachelor’s degree

SPARTANBURG COUNTY

9th to 12th grade, no diploma

Population 25 years and over:

10.6%

Associate degree

207,762

14.1%

Bachelor’s degree

Population 25 years and over:

29.3%

High school graduate (includes equivalency)

ANDERSON COUNTY

136,094

11.7%

31.2%

High school graduate (includes equivalency)

Associate degree

21.2%

10.3%

9th to 12th grade, no diploma

20.2%

Some college, no degree

Median earnings of population 25 years and over, 2019

Greenville

Spartanburg

Anderson

$70K $60K

THE TREND:

HIGHER DEGREE ATTAINMENT, HIGHER WAGES

$50K $40K $30K

$29,614 $30,057 $30,031

$36,742 $33,868 $36,365

$52,371 $46,785 $47,539

$63,274 $57,232 $62,849

$39,488 $35,522 $35,540

$10K

$20,785 $22,751 $22,060

$20K

Less than high school graduate

High school graduate (includes equivalency)

Some college or associate degree

Bachelor’s degree

Graduate or professional degree

Median Earnings

The highest median earnings are found in Greenville County, which also has the highest percentage of residents with an associate degree or higher at 44.3%.

Source: U.S. Census Bureau American Community Survey five-year estimates, 2019

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Educational attainment and job security in the U.S. during COVID-19 era Workers with higher levels of education had more job security as COVID-19 spread through the U.S.

Unemployment rates by education, Jan. 2020 - May 2021 Less than high school diploma 25%

High school graduate, no college

Peak: 21% Peak: 17.3%

15% May 2021: 9.1% 5%

May 2021: 6.8%

Pre-recession: 5.7%

Pre-recession: 3.7%

Some college or associate degree

Bachelor degree and higher

25% Peak: 15%

15%

Peak: 8.4%

May 2021: 5.9%

May 2021: 3.2%

5% Pre-recession: 2.7%

Pre-recession: 2%

Jan. 2020

May 2021

Jan. 2020

May 2021 Source: Congressional Research Service

Colleges & Universities Ranked by Spring 2021 Enrollment Company Clemson University 105 Sikes Hall Clemson, SC 29634 Greenville Technical College 506 S. Pleasantburg Drive Greenville, SC 29607 University of South Carolina Upstate 800 University Way Spartanburg, SC 29303 Lander University 320 Stanley Ave. Greenwood, SC 29649 Bob Jones University 1700 Wade Hampton Blvd. Greenville, SC 29614 North Greenville University 7801 N. Tigerville Road Tigerville, SC 29688 Anderson University 316 Boulevard Anderson, SC 29621 Wofford College 429 N. Church St. Spartanburg, SC 29303 Southern Wesleyan University 907 Wesleyan Drive Central, SC 29630 Spartanburg Methodist College 1000 Powell Mill Road Spartanburg, SC 29301 Converse College 580 E. Main St. Spartanburg, SC 29302 ECPI University 1001 Keys Drive, Suite 100 Greenville, SC 29615 University Center of Greenville 225 S. Pleasantburg Drive, Suite A7 Greenville, SC 29607 Erskine College 2 Washington St. Due West, SC 29639

•

Phone / Website / Email 864-656-3311 www.clemson.edu cuadmissions@clemson.edu 864-250-8000 www.gvltec.edu inforequest@gvltec.edu 864-503-5235 www.uscupstate.edu 864-388-8000 www.lander.edu admissions@lander.edu 864-242-5100 www.bju.edu info@bju.edu 864-977-7000 www.ngu.edu admissions@ngu.edu 864-231-2000 www.andersonuniversity.edu webmaster@andersonuniversity.edu 864-597-4000 www.wofford.edu marketing@wofford.edu 864-644-5000 www.swu.edu admissions@swu.edu 864-587-4000 www.smcsc.edu admiss@smcsc.edu 864-596-9000 www.converse.edu admissions@converse.edu 864-288-2828 www.ecpi.edu webgrv@ecpi.edu 864-250-1111 www.greenville.org davidataylor@greenville.org 864-379-2131 www.erskine.edu communications@erskine.edu

Executive(s) / Year Founded James P. Clements, Robert Jones 1889

Enrollment

Faculty / Total Employees

18,682

Keith L. Miller 1962

Public / Private

Top Three Undergraduate Majors, by Enrollment

1,562 5,392

Public

Engineering, Business, Biological Sciences

9,125

327 753

Public

Associate in Science, Associate in Science-Jumpstart, Associate in Arts

Jessica Blais, Kim Jolley, Derham Cole 1967

5,307

461 905

Public

Nursing, Business Administration, Criminal Justice

Richard E. Consetino 1872

3,096

159 446

Public

Business, Nursing, Psychology

Stephen Pettit, Gary Weier 1947

2,864

178 855

Private

Business Administration, Nursing, Kinesiology

Gene C. Fant 1892

2,479

226 807

Private

Health Science, Sport Management, Biology

Evans P. Whitaker 1911

2,300

169 935

Private

Nursing, Education, Business

Nayef H. Samhat 1854

1,773

143 492

Nonprofit; Private

Business, Biology, Economics

William C. Crothers 1906

1,027

55 269

Nonprofit; Private

Business Administration, Human Services, Early Childhood and Family Studies

W. Scott Cochran 1911

850

51 155

Private

Science, Arts, Business

Krista L. Newkirk 1889

699

91 233

Private

Psychology, Child and Family Studies, Biology

Karen Burgess 1999

450

40 70

Private

Nursing, Electronic Engineering Technology and Mechatronics, Computer and Information Science and Network Security

David A. Taylor 1987

350

50 9

Private; Public

BS Nursing, BS in Business, BA in Education

Robert E. Gustafson 1839

147

45 240

Private

Biology, Business Administration, Sports Management

Because of space constraints, sometimes only the top-ranked companies are published in the print edition. For a full list of participating organizations, visit scbiznews.com/buy-business-lists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to research@scbiznews.com. 1 Or graduate, if no undergraduate courses offered

Researched by Business Report staff

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| EDUCATION

MEDICAL & HEALTH CARE

s we prepare to print this edition of Market Facts, health care providers in South Carolina are reminding us that the pandemic is far from over. From July 7 to Aug. 5, COVID-19 inpatients at Prisma Health grew from 20 to 208 at a time when many of us wanted to believe the pandemic was going away. The health care industry is enormous in South Carolina. Greenville, as headquarters to the state’s largest health care system, benefits from the economic ripple effect of the industry. COVID-19 has been a stark illustration that not only is the business of health important, but good health is important to business.

FAST FACTS » 950

With one to serve every 950, Greenville County has by far the best doctor-patient ratio among the Upstate’s most populous counties. PAGE 28

» 40-SOMETHING

Those people age 40-69 were the largest chunk of the population hospitalized in the first 11 days of August for COVID-19 complications. PAGE 27

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COVID-19 in South Carolina

Once vaccines began being adopted in large numbers, reported cases of COVID-19 in S.C. dropped significantly. However, by mid-July cases began rising again due to the highly contagious Delta variant of the virus.

Daily count of total vaccine doses administered and reported, South Carolina First Dose

Second Dose

First dose

Second dose 57,421 9,237

60K 60K

2,471 1 9,427

50K

1 98,445 The pace of 4,369,471 has vaccinations begun to slowly pick up. This is likely from the resurgence of COVID-19’s Delta variant.

D o se s

40K 40K

30K

20K 20K

10K

8/8/21 8 /1 4 /2 1

8 /8 /2 1

8 /1 1 /2 1

8 /5 /2 1

8 /2 /2 1

7 /2 7 /2 1

7 /3 0 /2 1

7 /2 1 /2 1

7 /2 4 /2 1

7 /1 5 /2 1

7 /1 8 /2 1

7 /9 /2 1

7 /1 2 /2 1

7 /6 /2 1

7 /3 /2 1

6 /3 0 /2 1

6 /2 1 /2 1

6 /2 4 /2 1

6 /2 7 /2 1

6 /1 5 /2 1

6 /1 8 /2 1

6 /9 /2 1

7/9/21

Source: S.C. Department of Health and Environment Control 6 /1 2 /2 1

6 /6 / 2 1

6 /3 /2 1

5 /3 1 /2 1

5 /2 5 /2 1

5 /2 8 /2 1

5 /1 9 /2 1

6/9/21 5 /2 2 /2 1

5 /1 3 /2 1

5 /1 6 /2 1

5 /7 /2 1

5 /1 0 /2 1

5 /4 /2 1

5 /1 /2 1

4 /2 5 /2 1

4 /2 8 /2 1

4 /1 9 /2 1

5/10/21 4 /2 2 /2 1

4 /1 3 /2 1

4 /1 6 /2 1

4 /7 /2 1

4 /1 0 /2 1

4 /4 /2 1

4 /1 /2 1

3 /2 9 /2 1

3 /2 3 /2 1

3 /2 6 /2 1

3 /1 4 /2 1

3 /1 7 /2 1

4/10/21 3 /2 0 /2 1

3 /8 /2 1

3 /1 1 /2 1

3 /5 /2 1

3 /2 /2 1

2 /2 7 /2 1

2 /2 1 /2 1

2 /2 4 /2 1

2 /1 5 /2 1

3/11/21 2 /1 8 /2 1

2 /9 /2 1

2 /1 2 /2 1

2 /3 /2 1

1 /2 8 /2 1

1 /3 1 /2 1

1 /1 9 /2 1

1 /2 2 /2 1

2.9/21 1 /2 5 /2 1

1 /1 3 /2 1

1 /1 6 /2 1

1 /7 /2 1

1 /1 0 /2 1

1 /4 /2 1

1 /1 /2 1

1 2 /2 6 /2 0

1 2 /2 9 /2 0

1 2 /2 0 /2 0

1 2 /2 3 /2 0

1 2 /1 4 /2 0

1 2 /1 7 /2 0

1/13/21

2 /6 /2 1

00K

12/14/20

Vaccination status and COVID-19 in South Carolina, July 1-31, 2021 Note: Due to reporting delays, the number of doses administered may improve over time. Therefore, the count of doses administered on the most recent reporting dates is often underestimated.

26,848

total COVID-19 cases from July 1-31, 2021, reported among South Carolinians.

Out of 14,262 reported COVID-19 cases

Out of 550 reported COVID-19 hospitalizations

Out of 110 reported COVID-19 deaths

88%

77%

79%

88+12 77+23 79+21 not fully vaccinated

not fully vaccinated

Source: S.C. Department of Health and Environment Control

MEDICAL & HEALTH CARE | www.gsabusiness.com

7-day moving average of reported COVID-19 cases, by public health region Lowcountry

Midlands

Pee Dee

Upstate

2,000

1,500

1,000 ѣУЫ 500

3/1/20

ѷ ТЪюУХюФТФУ 6/1/20 9/1/20 12/1/20

3/1/21

6/1/21

9/1/21

Source: S.C. Department of Health and Environment Control

ШЪ #*.+$/ '. - 3+ / /* - +*-/ $) *0/# -*'$)

Hospital admissions by age group Because of higher vaccination rates in this age group, those ages 70 and over are a much smaller percentage of the hospitalized compared to the COVID surges that occurred prior to the vaccines.

Source: Centers for Disease Control and Prevention

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| MEDICAL & HEALTH CARE

Opioid crisis in South Carolina Prescription drugs are the leading cause of drug-related overdose deaths. The governor’s office has instituted rules that cover prescribing drugs for patients by doctors in an attempt to curb the abuse of painkillers across the Palmetto State.

Number of drug-related overdose deaths in S.C., 2019 Total

Unintentional

Suicid

1200

1,103

1,131

Number of Deaths

800

876

1,030

1,051

718

679 587

600

573

200

Greenville

713

Spartanburg

Anderson

Prescription drug overdoses

528

489

478

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

400

924 785

613 629

577

789

Total drug overdoses

140

1,001 1000

Number of drug-related overdose deaths by county, 2019

109 56

0 Note: Total also includes Homicide and undetermined which are not shown on the graph. Source: S.C. Department of Health and Environmental Control

Greenville

Spartanburg

Anderson

Primary care physicians per capita Primary care physicians include practicing non-federal physicians (M.D.’s and D.O.’s) under age 75 specializing in general practice medicine, family medicine, internal medicine and pediatrics. The ratio represents the number of individuals served by one physician in a county, if the population was equally distributed across physicians. For example, if a county has a population of 50,000 and has 20 primary care physicians, their ratio would be: 2,500:1 = 100 individuals

Greenville County

950 to 1

Spartanburg County

1,460 to 1

Anderson County

1,510 to 1 Source: County Health Rankings & Roadmaps

MEDICAL & HEALTH CARE | www.gsabusiness.com

FINANCE

hile doctors, nurses and other medical professionals were being heroes to the sick and their families, banks were often serving as heroes to the business community, delivering federal Paycheck Protection Program funds and other financial products that many businesses — particularly small and medium — told us made the difference in surviving the nadir of the pandemic. A list of the Upstate’s largest banks can be found on Page 35.

FAST FACTS » $3.5 BILLION of the state’s general fund goes to K-12 education. PAGE 32

» 7.9

of every 100 adults in Spartanburg County get audited by the IRS. PAGE 34

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Accounting for S.C.’s finances South Carolina’s somewhat like a business when it comes to balancing the books and accounting for income, cash flow and expenditures. The S.C. Department of Administration offers a quick snapshot at the numbers in South Carolina’s books.

REVENUE STREAM

$35B $30B

South Carolina’s annual budget for the 2021-2022 fiscal year is more than $31 billion. The money comes from several revenue streams.

$31.06B

$25B $20B $15B $10B

$12.3B $9.3B

$9.5B

General funds

Federal funds

$5B 0 Other funds

Total

Emergency funds South Carolina’s constitution requires the state to maintain a rainy day fund for unexpected circumstances.

$458,961,225

By law, the General Reserve Fund must be 5% of the General Fund revenues and may be used to cover shorfalls from general funds receipts. For the current fiscal year, that amounts to nearly $460 million.

$183,584,490

The Capital Reserve Fund has to equal 2% of the General Fund. The money must be used to replenish the General Reserve Fund if necessary. However, if that money isn’t needed, then the General Assembly can appropriate that money for one-time expenditures, such as capital improvement projects.

What about schools?

Education is one of the largest expenditures for state government. For the current fiscal year, more than $4.3 billion, or 41% of the General Fund, has been allocated for educational expenses in South Carolina.

$3,545,719,579

K-12 education receives more than $3.5 billion from the General Fund, along with $987,285,024 from the state’s 1% sales tax, which is designated for education. Source: S.C. Department of Administration, fiscal year 2021-2022

FINANCE | www.gsabusiness.com

$800,452,070

Colleges and universities, on the other hand, receive less than $1 billion from the state General Fund, not counting lottery money.

$597,200,000

Nearly $600 million from the S.C. Education Lottery has been allocated by the state, including $68.6 million for K-12, $528.5 million for higher education, and $100,000 for other agencies.

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| FINANCE

What are your chances of getting audited in S.C.?

ou know the moment of dread comes every time you sign that 1040: Could this end up with a trip to the local IRS office holding a box of receipts with sweaty palms? We understand your feeling, and so does ProPublica. Their journalists poured through mounds of data to analyze every county in the U.S. to determine how likely you are to get audited. We broke out the South Carolina stats to kick off 2021. Now you should definitely use a tax preparer, especially if you run a business, and consult a tax attorney if you think your tax situation might be an issue. Because these are statistics, you’re going to find that individual circumstances can sway one way or another. For comparison, the national rate of audits is 7.7 per 1,000 filings. The most audited county in the nation is Humphreys County, Miss., with 11.8 audits per 1,000 filings. The county near the Mississippi River Delta has a population of 8,257 people, according to the latest Census data. The reason for the high rates of audits in Humphreys County is because so many of the residents are poor. IRS data show that Americans with the lowest income and those who are exceptionally rich are audited at a higher rate than anyone else.

Most audited counties in S.C.

Least audited counties in S.C.

graphic cross section of the state, ranked by lowest to highest rate of federal tax audits. County

Audits per 1,000

Lexington

7.4

Berkeley

7.5

Dorchester

7.5

Greenville

7.7

Anderson

7.9

Charleston

7.9

Spartanburg

7.9

Audits per 1,000

County

Audits per 1,000

Horry

7.9

Allendale

10.3

Lexington

7.4

Newberry

8.0

Dillon

9.7

Berkeley

7.5

Richland

8.1

Marion

9.7

Dorchester

7.5

Florence

8.7

Marlboro

9.7

Pickens

7.5

Williamsburg

9.5

York

7.6

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All loans and lines of credit are subject to credit approval. 1. See Account Agreement for specific terms and Treasury Management Services fee schedule for additional information. Transactional and approval limits may apply. 210507-805673250

These selected counties represent a geo-

County

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Federal tax audits in selected S.C. counties

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Sources: ProPublica, Census Bureau

Banks

Ranked by Market Share Company Truist Bank 1 N. Main St. Greenville, SC 29601 Wells Fargo Bank N.A. 15 S. Main St. Greenville, SC 29601 Bank of America N.A. 101 N. Main St. Greenville, SC 29609 TD Bank N.A. 104 S. Main St. Greenville, SC 29601 First Citizens Bank & Trust Co. 325 W. McBee Ave. Greenville, SC 29601 South State Bank 200 E. Broad St. Greenville, SC 29601 United Community Bank 2 W. Washington St., Suite 700 Greenville, SC 29601 Southern First Bank 100 Verdae Blvd. Greenville, SC 29607 Bank of Travelers Rest 42 Plaza Drive Travelers Rest, SC 29690 GrandSouth Bank 381 Halton Road Greenville, SC 29607 Park National Bank 200 S. Church St. Spartanburg, SC 29306 Arthur State Bank 100 E. Main St. Union, SC 29379 Countybank 419 Main St. Greenwood, SC 29646 Synovus 201 E. McBee Ave. Greenville, SC 29601

•

Phone / Website / Email 864-242-8010 www.truist.com

Market Share

Market Deposits ($000)

Market Offices

Michael Brenan 1872

18.15%

$5,490,726

Justin Hawkins, J. Mark Westmoreland 1852

14.38%

$4,349,416

Stacy Brandon 1904

10.28%

$3,108,833

864-552-9025 www.td.com/us

David Lominack 1852

9.96%

$3,013,055

864-255-3700 www.firstcitizens.com

James G. Gulledge, Jr. 1913

7.84%

$2,370,625

Mike Coggin 1934

6.53%

$1,973,903

Rich Bradshaw, Lynn Harton 1950

5.05%

$1,526,490

Mike Dowling, Cal Hurst, Art Seaver, Jr. 1999

3.66%

$1,105,572

R. Bruce White 1946

2.86%

$866,195

JB Schwiers 1998

2.2%

$664,179

John D. Kimberly 1908

1.93%

$584,171

J. Carlisle Oxner 1933

1.6%

$485,254

R. Thornwell Dunlap III 1933

1.53%

$461,472

C.W. "Chuck" W. Garnett, Dixon Harrill 1905

1.36%

$411,969

800-869-3557 www.wellsfargo.com 864-404-4100 www.bankofamerica.com

864-250-4455 www.southstatebank.com 864-250-7656 www.ucbi.com bankinfo@ucbi.com 864-679-9480 864-834-9031 www.bankoftravelersrest.com 864-770-1000 www.grandsouth.com 864-208-2005 www.parknationalbank.com spartanburg@parknationalbank.com 864-427-1213 www.arthurstatebank.com info@arthurstatebank.com 864-942-1500 www.ecountybank.com customerservice@ecountybank.com 864-241-7900 www.synovus.com info@synovus.com

Top Local Official(s) / Year Founded

Researched by Business Report staff

LOCAL BUSINESSES

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| FINANCE

REAL ESTATE

ew sectors were as quiet as real estate in the first few weeks after people went home to ride out what they hoped would be a short pandemic. And few things have been as robust since then. Time at home seems to have put people in the mood for either improving the home they’re in or finding something new. By July of this year, time on the market before a sale dropped 86% from February 2020 for Spartanburg homes and 68% since January 2020 for homes in Greenville.

FAST FACTS » 12.8%

Increase in median sale price of homes in the greater Greenville area in July compared to a year earlier. PAGE 39

» 3,734

The number of apartment units under construction in the Upstate in May. PAGE 40

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REAL ESTATE | www.gsabusiness.com

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Covering the Upstate with 8 local offices from Simpsonville to Lake Keowee

Residential home sales in the Upstate region Days on the market until sale, Jan. 2020 - July 2021

– Spartanburg

– Greenville

100 90

THE TREND:

With for-sale inventory plummeting, homes sell rapidly and often for more than asking price. This is positive for sellers but has led to an extremely competitive market for buyers.

HOMES SELLING IMMEDIATELY

70 60

-68%

decrease from March 2020 to July 2021 in Greenville

40 30 20

-86%

10 0

decrease from Feb. 2020 to July 2021 in Spartanburg Jan. 2020 Feb. 2020 Mar. 2020 Apr. 2020 May 2020 June 2020 July 2020 Aug. 2020 Sept. 2020 Oct. 2020 Nov. 2020 Dec. 2020 Jan. 2021 Feb. 2021 Mar. 2021 Apr. 2021 May 2021 June 2021 July 2021 Sources: Greater Greenville Association of REALTORS, Spartanburg Area Association of REALTORS

Inventory of homes for sale – Greenville

4,000

– Spartanburg

– Percent Change

-51.6%

-44.2%

-52.6%

3,963

-51.8%

3,857

3,720

-37.9%

3,515

3,500

-3.9%

3,264

3,153

3,000

3,030

2,500 2,000

2,080

2,027 1,913

-39.3%

1,000

1,828

-39.8%

1,509

1,490

1,500

-41.0%

1,694

-39.9%

1,477

904

891

-31.3%

1,310

889

-20.5%

1,188

1,110 882

816

787

500 0

2019 2020

February

2019 2020

March

2019 2020

April

2019 2020

May

2019 2020

June

2019 2020

July

Sources: Greater Greenville Association of REALTORS, Spartanburg Area Association of REALTORS

REAL ESTATE | www.gsabusiness.com

Median sales price in the Greater Greenville region – 2020

– 2021

– Percent Change

+13.7%

+16.4%

$270K

+12.8%

$267,258

$265,000

$263,000

+11.0%

$260K

$251,500

$250K

+10.7% $249,000

+11.6% $239,950

$240K

$235,000

$230K

$226,480

$235,000

THE TREND: MEDIAN SALES PRICE SKYROCKETING

$225,900

$225,000

$220K

The lack of housing for $215,000

sale, low interest rates and high demand to buy

$210K

a home in the Upstate $200K

February

March

April

May

June

July

Source: Greater Greenville Association of REALTORS

region have led to a rapid increase in the median sales price.

Median sales price in the Spartanburg area – 2020

– 2021

– Percent Change

+15.8%

$240K

+17.3%

$230K $220K

+15.8%

$232,675

+13.4%

$221,688

$221,625

+8.8%

+14.3%

$223,000

$216,995

$212,900

$210K

$205,000 $201,000

$200K

$195,450 $189,900

$189,000

$190K $183,900

$180K $170K $160K

February

March

April

May

June

July

Source: Spartanburg Area Association of REALTORS

www.gsabusiness.com

| REAL ESTATE

Greenville-Spartanburg-Anderson Apartment Rent Trends $991 $1000

$1,064

$1,033

$1,020

$971 $946 $933 $899

$905

$900 $857 $839 $806 $800

Source: Source: Real Data, Greenville Apartment Index, May 2020

$700 November 2014

May 2015

November 2015

May 2016

November 2016

May 2017

November 2017

May 2018

November 2018

May 2019

November 2019

May 2020

Apartments under construction in the Upstate No. of units 4500

3,894 3,446

3,154

3500

3,734

3,637

4000 2,967

2,711

3000 2500

2,233

2,115

2,158

1,993

2000

1,491

1500 1000 500 November 2014

May 2015

November 2015

May 2016

Submarket comparison

Anderson

– Units under construction

Greenville-Downtown

November 2016 100

May 2017 200

300

500

November 2018 600

700

May 2019 800

November 2019 900

1,000

May 2020 1,000

244 988 241 608

Greenville-NW

1,105

Greenville-South

400

May 2018

Greenville-East Greenville-NE

November 2017

Spartanburg-East

266

Spartanburg-West

282 Source: Real Data, Greenville Apartment Index, May 2020

REAL ESTATE | www.gsabusiness.com

Greenville-Spartanburg Office submarket comparison, Q2 2021 Greenville Central Business District

Average rental rates per square foot $30

Spartanburg County

I-385/I-85

Total inventory in square feet

Total vacancy rate 25%

10,000,000

22.7% $25

$20

$24.91

8,128,025 8,000,000

$20.09

20%

16.4%

$19.04

15%

6,000,000

4,702,732

$15

10%

4,000,000

$10

6.7%

2,216,587 $5

2,000,000

0% Source: Colliers International

Behind Each Property Is a Story of Trust.

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Greenville: 101 W. Court St. Suite A, Greenville, SC 29601 | Spartanburg: 320 E. Main St., Suite 430 Spartanburg, SC 29302

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| REAL ESTATE

Residential Real Estate Companies Ranked by $ Value of Residential Sales in 2020 in the Greenville Area Company Berkshire Hathaway HomeServices C. Dan Joyner, Realtors 745 N. Pleasantburg Drive Greenville, SC 29607 Allen Tate Realtors 323 Buncombe St. Greenville, SC 29601 Wilson Associates Real Estate 213 E. Broad St. Greenville, SC 29601 Cliffs Realty Sales SC LLC 635 Garden Market Drive Travelers Rest, SC 29690 Re/Max Moves 100 Batesville Road, Suite C Simpsonville, SC 29681 Marchant Real Estate 100 W. Stone Ave. Greenville, SC 29609 McAlister Realty 955 W. Wade Hampton Blvd., Suite 9B Greer, SC 29650 Wondracek Realty Group 101 Regency Commons Drive, Suite A Greer, SC 29650 Jeff Cook Real Estate 30 Orchard Park Drive, Suite 16 Greenville, SC 29615 Jackson Stanley Realtors 306 E. Main St. Williamston, SC 29697 Carolina Moves Real Estate 455 Congaree Road Greenville, SC 29607 Top Guns Realty Inc. 15481 N. Highway 11 Salem, SC 29671 Monaghan Co. Real Estate 422 College Ave. Clemson, SC 29631 Fathom Realty SC LLC 1200 Woodruff Road, Suite A-3 Greenville, SC 29607

Phone / Website / Email 864-242-6650 www.cdanjoyner.com info@cdanjoyner.com 864-297-1953 www.allentate.com client.relations@allentate.com 864-640-8700 www.wilsonassociates.net info@wilsonassociates.net 864-660-8422 www.cliffsliving.com/buzz info@cliffsliving.com 862-520-1000 www.greenvillemoves.com ckeegan@greenvillemoves.com 864-467-0085 www.marchantco.com info@marchantco.com 864-292-0400 www.builderpeople.com stan@builderpeople.com 864-907-2792 www.selling-greenville.com marcus@selling-greenville.com 843-225-2002 www.jeffcookrealestate.com info@jeffcookrealestate.com 864-214-2747 www.jacksonstanley.com execs@jacksonstanley.com 864-448-1234 www.carolinamoves.com team@carolinamoves.com 800-682-9098 www.lakekeoweerealestateexpert.com mattroach@topgunsrealty.com 864-639-1188 www.monaghan-co.com neil@monaghan-co.com 864-513-6284 www.greenville.fathomrealty.com dlang@fathomrealty.com

Top Local Official(s) / Year Founded

Sales Volume (2020) / Current No. of Listings

Upstate Offices / Residential Agents

$1,213,669,556 583

10 390

Mark Bardo 1957

$590,572,350 223

9 168

Sharon P Wilson 2014

$244,825,662 34

1 30

Lauren Fine Buckland 2012

$244,000,000 195

2 13

Cameron Keegan 2013

$160,906,003 38

3 29

Seabrook L. Marchant 1993

$126,073,737 200

2 35

Stan McAlister 1988

$100,365,845 42

1 20

Marcus Wondracek 2010

$56,472,013 21

1 22

Kris McDonagh 2003

$53,000,000 11

1 42

Carolann Newton 2011

$48,528,951 25

1 38

Ernie Truman 2014

$48,024,681 48

1 29

Matt Roach 1998

$41,160,300 2

1 2

Neil Monaghan 2007

$40,000,000 19

1 16

Dan Lang 2018

$38,629,915 42

1 55

David Crigler, Danny Joyner 1964

Researched by Paige Wills

REAL ESTATE & CONSTRUCTION

Strategic Solutions Tailored to the Real Estate Industry ` Opportunity Zones: Investment and Development Planning

Building a Strong Foundation for Growth

` Joint venture and operating agreement structuring ` Federal and state tax credits, incentives and deductions ` Cost segregation studies ` Strategic tax planning ` 1031 and reverse exchange analysis & TIC transactions ` Distressed assets analysis and evaluation ` Review of asset valuation models ` Project cash flow and profitability analysis

` Review of repairs and capitalization methods ` Job profitability, cost control and break-even analysis ` Bonding and surety relationships ` Debt restructuring Mark H. Cooter Managing Partner, Greenville mcooter@cbh.com 864.233.3981 Greenville Office 110 East Court Street, Suite 500 Greenville, SC 29601 cbh.com

Proud Sponsor of GSA Book of Lists 2021

REAL ESTATE | www.gsabusiness.com

Commercial Real Estate Firms Ranked by No. of Sale/Lease Transactions in 2020 Company NAI Earle Furman 101 E. Washington St., Suite 400 Greenville, SC 29601 Spencer Hines Properties LLC 380 S. Pine St. Spartanburg, SC 29302 CBRE Inc. 355 S. Main St., Suite 70 Greenville, SC 29601 Langston-Black Real Estate Inc. 400 Memorial Drive Ext., Suite 100 Greer, SC 29651 Joyner Commercial: Berkshire Hathaway C. Dan Joyner, Realtors 230 Buist Ave. Greenville, SC 29609 Colliers International 55 E. Camperdown Way, Suite 200 Greenville, SC 29601 Avison Young - South Carolina Inc. 656 S. Main St., Suite 200 Greenville, SC 29601 Lee & Associates Greenville / Spartanburg 101 W. Court St., Suite A Greenville, SC 29601 Cardinal Commercial Properties 100 Orchard Park Drive, Suite 26262 Greenville, SC 29616 Cushman & Wakefield Thalhimer 15 S. Main St., Suite 502 Greenville, SC 29601 Pintail Capital Partners LLC 24 Cleveland St., Suite 201 Greenville, SC 29601 McDaniel & Co. 446 Oak Grove Road Spartanburg, SC 29301 KDS Commercial Properties LLC 340 Rocky Slope Road, Suite 302 Greenville, SC 29607 Wilson Kibler 420 The Parkway, Suite K Greer, SC 29650

Phone / Website / Email 864-232-9040 www.naiearlefurman.com info@naiearlefurman.com 864-583-1001 www.spencerhines.com admin@spencerhines.com 864-527-6070 www.cbre.com/greenville 864-848-9070 www.langston-black.com rraffaldt@langston-black.com 864-233-7724 www.joynercommercial.com mcarter@joynercommercial.com 864-297-4950 www.colliers.com/en/united-states/cities/ greenville liz.mccary@colliers.com 864-334-4145 www.avisonyoung.us/web/greenville avisonyoungsouthcarolina@gmail.com 864-704-1040 www.leegreenville.com ebentley@lee-associates.com 864-559-8227 www.cardinalcommercialproperties.net info@cardinalcommercialproperties.net 864-370-8155 www.thalhimer.com brian.young@thalhimer.com 864-729-4500 www.pintailcapitalpartners.com info@pintailcp.com 864-576-4660 www.mcdanielandco.com billmcrltr@aol.com 864-242-4200 www.kdsproperties.com admin@kdsproperties.com 864-335-3030 www.wilsonkibler.com alyse.howard@wilsonkibler.com

Top Local Official(s) / Year Founded

Transactions: No. / Value

Jonathan A. Good 1986

622 $440,549,500

Ben Hines, Bobby E. Hines 1986

440 $212,000,000

Stephen B. Smith 1988

175 -

Charles B. Langston 1992 Matt Carter, Danny Joyner 1964

146 $41,613,000 140 $74,500

David M. Feild 1906

136 $119,888,634

Christopher B. Fraser 2013

75 $50,496,424

Kevin P. Bentley, Marty Bentley, Randall Bentley 2005

72 $96,800,000

Robert Leland Brissie 2013

60 $11,000,000

Brian J. Young 1913

59 $242,972,732

Stuart Wyeth, Tyson Smoak, Ross Kester 2015

59 $41,848,360

William A. "Bill" McDaniel 1983

53 $21,000,000

Michael W. Kiriakides 2001

35 $1,443,349

Givens B. Stewart, Edward Wilson, Jeremy Wilson 2011

35 -

Comm. Brokers / Current Listings / Upstate Offices 67 684 3 22 503 2 15 123 1 15 152 1 26 177 1 12 187 2 10 48 1 10 130 2 1 35 1 9 41 2 12 40 1 4 102 1 7 42 1 6 110 1

Types of Properties Agricultural; flex; health care; hotel, motel; incomeproducing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Agricultural; flex; health care; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Flex; income-producing; industrial; office; restaurant; retail; warehouse Agricultural; flex; health care; income-producing; industrial; land; multifamily; office; restaurant; retail; warehouse Agricultural; flex; health care; hotel, motel; incomeproducing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Flex; health care; industrial; land; multifamily; office; restaurant; retail; warehouse Flex; health care; income-producing; industrial; land; office; restaurant; retail; sports, entertainment; warehouse Flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; warehouse Agricultural; flex; health care; hotel, motel; incomeproducing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Flex; income-producing; industrial; land; multifamily; office; restaurant; retail; warehouse Flex; health care; income-producing; industrial; land; office; restaurant; retail; sports, entertainment; warehouse Industrial; land; multifamily; office; restaurant; retail; warehouse Flex; health care; income-producing; industrial; multifamily; office; retail Agricultural; flex; health care; hotel, motel; incomeproducing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse

Researched by Business Report staff

Local business news updates... as they happen!

@GSABUSINESS Follow us on Twitter for the inside scoop on local business news. Avison Young - South Carolina, Inc.

Follow @GSABusiness on twitter to get breaking news and information on businesses in the Upstate. For advertising information, contact Rick Jenkins at (864) 720-1224 or rjenkins@scbiznews.com

A global commercial real estate partner, powered by people, that puts you first. Get in touch 864 334 4145 avisonyoung.com

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| REAL ESTATE

ARCHITECTURE ENGINEERING & CONSTRUCTION

t’s no surprise that if home sales are popping, then so is the construction sector, both for residential and commercial properties. With much of their work taking place outdoors or in airy interiors, construction workers enjoyed “essential worker” status during the thick of the pandemic’s first round. The industry did not escape COVID impact, however, especially in the cost and availability of building material.

FAST FACTS » 21,574

Construction jobs in our 10-county region for the fourth quarter of 2020. PAGE 51

» $1.81 BILLION The total cost of construction in the Upstate in 2020.

PAGE 48

SECTION SPONSOR

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Building excellence, one wall at a time.

Fort Prince, Wellford, SC

864.527.2500 | harpergc.com

Commercial | Educa�on | Water Industrial | Community | Healthcare

New private housing units authorized by building permits Greenville-Anderson-Mauldin MSA, Jan. 2005 - June 2021 Recession

1,600

COVID-19

1,508

THE TREND:

HOUSING PERMITS RISING FAST

1,400

June 2021

Building permits have skyrocketed since COVID-19 began to spread. The current rate of permits far exceeds the levels that preceded the recession.

1,200

213% increase from April 2020 to June 2021

1,000

800

600

481

April 2020

400

200

0 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Source: Federal Reserve Bank of St. Louis

Mining, Logging, and Construction employment in Greenville-Anderson-Mauldin MSA 25,000

2021 trend

COVID-19

Recession

- Increase from previous month - Decrease from previous month 2/21

20,000

19,541

3/21

19,728

4/21

20,141

5/21

19,996

6/21

20,191

THE TREND:

SURPASSING EMPLOYMENT PRECOVID-19 LEVELS In March 2020 there were 19,740 people employed in this sector. After a sudden drop to 18,937 employees in April 2020 there has been a steady increase. As of June 2021 there are 20,191 employees a level which has not been reached since Oct. 2008, during the middle of the recession.

15,000

10,000 2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021 Source: Federal Reserve Bank of St. Louis

ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com

SPARTANBURG CHEVROLET SPARTANBURG, SC

LEAR CORPORATION DUNCAN, SC

DIANA FOOD COMMERCE, GA

DESIGN-BUILD

GENERAL CONTRACTING

POWDERSVILLE YMCA PIEDMONT, SC

CONSTRUCTION MANAGEMENT

Roebuck Buildings was founded on the philosophy of building better: better buildings, better relationships, better communities. Our goal has always been to deliver quality construction and an exceptional client experience. Through our commitment to quality, regardless of project size or scope, our company has grown to meet the challenges of changes in the industry by adding technologies and services to better serve our clients. better. We have tackled projects big and small, and we’re primed to help you conquer your next challenge. Build Better. It’s what we do.

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W W W .R O E B U C K B U I L D I N G S . C O M

Total construction costs for S.C. metro areas THE TREND:

$1.80B

After decreasing for three straight years, construction costs have grown to record levels in Charleston and Greenville in 2020.

$1.61B

CHARLESTON AND GREENVILLE SURGE

$1.44B

$1.85B $1.63B

$1.81B

$1.21B

$1.25B

$1.08B

$904M

Greenville-Anderson-Mauldin $760M

$672M

$1.5B

$1.41B $1.15B

$1.08B

$1.75B

$1.44B

$1.56B

$1.32B

Charleston-North Charleston-Summerville

$2B

$790M

$840M

$963M

$871M

$1.0B

$750M

Columbia

$329M

$387M

$434M

$460M

$425M

$232M

$171M

$500M

$250 M

Spartanburg

2014

2015

2016

2017

2018

2019

2020

Source: U.S. Census Bureau

Housing building permits for S.C. metro areas = 200 homes, 2019

= 200 homes, 2020

= Percent change from 2019-2020

31.3% 9.4%

4,440

7.3%

2,596

Spartanburg

Annual privately owned housing units

8,592

6,541

27.6%

8,622

6,754

4,861

2,786

Columbia

Greenville-Anderson-Mauldin

Charleston-North CharlestonSummerville Source: U.S. Census Bureau

ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com

How builders handle building costs If you’ve tried to buy or build a home or commercial space with new construction, you’ve realized how the price of lumber has spiked costs throughout the construction supply chain. One of the places where the cost of wood has taken the greatest toll is in new home construction. The regional, state and national housing market is exceptionally hot right now, partly because of historically low interest rates and because people have gotten used to being at home over the past year and want something better. The National Association of Home Builders, a national trade group, surveyed its members recently to find out how they’re dealing with the increasing cost of this basic building material.

Mitigating lumber prices

Timber in the South Q1 year over year

Action

Percentage*

Wood

2020-2021

Price*

Price escalation clauses

47%

Plywood random

+215%

$903

Pre-ordering lumber

29%

Softwood

+162%

$931

Supplier price guarantees

22%

Plywood exterior

+159%

$726

Delaying building

19%

Hardwood

+34%

$1,414

Building foundation only

15%

Source: TimberMart-South quarterly report

Shared-price clauses

10%

*Per 1,000 board feet, a standard unit of measurement in timber

Using lumber options

Other

13%

Source: National Association of Home Builders, April 2021 *Percentage of respondents; some builders use more than one action to hedge prices

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| ARCHITECTURE, ENGINEERING AND CONSTRUCTION

S.C. construction costs mostly below U.S. average, 2020 To price jobs correctly, builders use area modification factors to estimate and adjust costs. Percentage factors in specific South Carolina cities are shown below. Aiken

Greenville

8% 7% 6% 5% 4% 3% 2% 1% U.S. Average -1% -2% -3% -4% -5% -6% -7% -8%

Myrtle Beach

Rock Hill

Spartanburg

Beaufort

Charleston

Columbia

South Carolina average Source: 2020 National Building Cost Manual - Craftsman

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Construction employment by county in the Upstate region Number of construction jobs by county, Q4 2020 0

Greenville

2,000

4,000

6,000

8,000

10,000

12,000

Average weekly wage by county, Q4 2020

14,000

12,844

Anderson

$400

$600

$800

$1,000

$1,200

Cherokee

$1,293

Oconee

1,148

Anderson

$1,116

Greenwood

1,041

Greenwood

$1,085

Laurens

$1,052

921

Spartanburg

639

Laurens

620

$1,600

$1,313

Spartanburg

1,371

Cherokee

$1,400

Greenville $1,461

2,722

Pickens

$200

Union $975 Pickens

$961

Abbeville 135

Oconee

$957

Union 133

Abbeville

$904

Source: S.C. Commerce Department Labor Market Analysis

Engineering Firms

Ranked by No. of Licensed Engineers in the Greenville Area Company Fluor 100 Fluor Daniel Drive Greenville, SC 29607 O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607 S & ME Inc. 301 Zima Park Road Spartanburg, SC 29301 AeSolutions 250 Commonwealth Drive, Suite 200 Greenville, SC 29615 DeVita & Associates Inc. 1150 E. Washington St. Greenville, SC 29601 Bunnell-Lammons Engineering Inc. 6004 Ponders Court Greenville, SC 29615 AECOM 10 Patewood Drive, Building VI, Suite 500 Greenville, SC 29615 Davis & Floyd Inc. 1319 Highway 72/221 East Greenwood, SC 29649 SynTerra Corp. 148 River St., Suite 220 Greenville, SC 29601 Goodwyn Mills and Cawood, Inc. 617 E. McBee Ave., Suite 200 Greenville, SC 29601 EAS Professionals Inc. 9 Pilgrim Rd. Greenville, SC 29607 Fuller Group LLC 1350 Cleveland St., Suite C Greenville, SC 29607 Rogers & Callcott 426 Fairforest Way Greenville, SC 29607 SeamonWhiteside 508 Rhett St., Suite 101 Greenville, SC 29601

Phone / Website / Email 864-281-4400 www.fluor.com 864-298-2000 www.onealinc.com info@onealinc.com 864-574-2360 www.smeinc.com bschwartz@smeinc.com 864-676-0600 www.aesolutions.com info@aesolutions.com 864-232-6642 www.devitainc.com corp@devitainc.com 864-288-1265 www.blecorp.com info@blecorp.com 864-234-3000 www.aecom.com info@aecom.com 864-229-5211 www.davisfloyd.com marketing@davisfloyd.com 864-421-9999 www.synterracorp.com info@synterracorp.com 864-527-0460 www.gmcnetwork.com info@gmcnetwork.com 864-234-7368 www.eas-pro.com jmarrone@eas-pro.com 864-235-3580 www.fullergrp.com info@fullergrp.com 864-232-1556 www.rogersandcallcott.com info@rcenviro.com 864-298-0534 www.seamonwhiteside.com hjameson@seamonwhiteside.com

Top Local Official(s) / Year Founded 1912

Engineers / Employees 116 1,600

Area(s) of Specialization Technologies, infrastructure, life sciences, mining, metals and fertilizers, defense, intelligence, nuclear and civil, chemicals

Judy Castleberry, Kevin Bean 1975

40 236

Engineering, procurement, construction of complex capital projects, construction management, preconstruction services

Angela Musselwhite, Howard Perry, Bill Schwartz Jr. 1973

28 82

Geotechnical and environmental engineering, environmental site assessments, special inspections and construction materials testing, chapter 1 code inspections, natural and cultural resources, air permitting, industrial hygiene, industrial permitting

Ken O'Malley 1998

25 117

Process safety life cycle, process control; industrial cybersecurity and alarm management; safety instrumented systems

Darren C. Springer, Thomas P. Moran, W. Derrick Hiott 1984

24 62

Structural, precast concrete, mechanical, electrical, plumbing, fire protection, and commissioning services

Tom Lammons, Dan Bunnell 1996

19 135

Geotechnical engineering, environmental consulting and engineering, construction engineering and inspections, construction materials testing, drilling, materials laboratory, transportation services, solid waste services

Emily Swearingen 1970

15 81

Infrastructure consulting firm, delivering professional services throughout the project lifecycle from planning, design and engineering to program and construction management; partners with clients in the public and private sectors; projects spanning transportation, buildings, water, governments, energy and the environment

Stephen L. Davis, Jason P. Eppley 1954

15 71

Civil, transportation, water, wastewater, stormwater, environmental, and structural engineering, surveying, GIS, land planning, landscape architecture, construction engineering and inspection

Steve Precourt 1993

14 89

Environmental compliance, hydrogeology, civil engineering, sustainability, solid waste, water, wastewater, industrial hygiene, mining, brownfields

Tyler Morgan, Kevin Laird 1947

13 37

Water and wastewater, sports and recreation, K-12 and higher education, environmental, transportation, commercial, industrial, landscape and master planning, geotechnical

10 65

Wetland delineation, slope stabilization, pavement and retaining wall design, 3D laser CCTV pipe inspections, aerial drone (UAS) surveying, infared camera scanning, construction materials testing, special inspections, CCTV cleaning and high res video, slab jacking and stabilization of slabs (concrete)

10 20

Structural engineering for commercial and industrial buildings; forensic investigations, building envelope consulting

10 63

Civil, environmental, consulting, assessment-remediation, air quality monitoring and compliance, environmental remediation, analytical laboratory, EHS compliance expertise, compliance audits, onsite safety and compliance training

10 32

Commercial, residential, mixed use, office, campus, municipal, health care, industrial, streetscapes, parks and recreation

Daniel J. Stiles, Doug R. Dunko 2003 Bill Fuller, Ross Clements, Lucas Young 1997 Daniel Maalouf, George Y. Maalouf, Stan Golaski 1969 Joe Bryant, Rick Schroder 1985

www.gsabusiness.com

Researched by Business Report staff

| ARCHITECTURE, ENGINEERING AND CONSTRUCTION

General Contractors

Ranked by Construction Revenue Received in 2020 in the Greenville Area Company Harper General Contractors 35 W. Court St., Suite 400 Greenville, SC 29601 McCrory Construction 777 Lowndes Hill Road, Bldg. 3, Suite 107 Greenville, SC 29607

Phone / Website / Email 864-527-2500 www.harpergc.com info@harpergc.com 864-603-5840 www.mccroryconstruction.com info@mccroryconstruction.com

BE&K Building Group 201 E. McBee Ave., Suite 400 Greenville, SC 29601

864-250-5000 www.bekbg.com

Triangle Construction Co. Inc. 2624 Laurens Road Greenville, SC 29607 Brasfield & Gorrie LLC 1 N. Main St., Suite 904 Greenville, SC 29601 Roebuck Buildings Co. Inc. 3600 S. Church St. Extension Roebuck, SC 29376 THS Constructors, Inc. 150 Executive Center Drive, Suite 108 Greenville, SC 29615 Hogan Construction Group LLC 10703 Anderson Road Easley, SC 29642 Clayton Construction Co. Inc. 121 Venture Blvd. Spartanburg, SC 29306 Vannoy Construction 10 S. Academy St., Suite 210 Greenville, SC 29601 M.B. Kahn Construction Co. Inc. 116 N. Old Standing Springs Road Greenville, SC 29605 Mavin Construction 2 Ridgeway Ave. Greenville, SC 29607 Caldwell Constructors Inc. 340 Rocky Slope Road, Suite 204 Greenville, SC 29607 J. Davis Inc. 109 Nunnally Road Anderson, SC 29625

864-288-5500 www.triangleconstruction.com cpatrick@triangleconstruction.com 864-704-1300 www.brasfieldgorrie.com 864-576-6330 www.roebuckbuildings.com rmabus@roebuckbuildings.com 864-254-6066 www.thsconstructors.com dwilson@thsconstructors.com 864-272-1527 www.hoganconstructiongroup.com 864-576-1901 www.claytonconstruction.net contactus@claytonconstruction.net 864-686-7575 www.jrvannoy.com 864-277-9105 www.mbkahn.com wkennedy@mbkahn.com 864-263-3713 www.mavinconstruction.com info@mavinconstruction.com 864-331-0797 www.caldwellconstructors.com contact@caldwellconstructors.com 864-834-0020 www.jdavisinc.com

No. of Active Contracts

Employees / Work Performed in the Upstate

$225,000,000 37

197 71%

Stephen Cooper, Don G. Warren 1918

$121,000,000 12

20 50%

Frank Holley, Mike Baumbach 1968

$117,668,000 6

42 42%

Charley Patrick 1947

$104,400,000 23

57 100%

Construction services in Greenville and throughout the Upstate

Steven Barber, Gavin Axson, Ben Barfield 1964

$95,000,000 25

45 100%

Aerospace, commercial, education, energy, government, healthcare, hospitality, industrial, infrastructure, mission critical, multifamily, senior living, sports and entertainment, and water

Dean Anderson, Ryan Mabus 1947

$72,278,409 30

80 80%

General contracting, design-build, design-bid-build and construction management of industrial and commercial projects

Dana Emberton, Tom Suitt 2005

$60,000,000 14

25 75%

Christopher M. Bowen 1998

$51,000,000 11

38 65%

Harry Clayton, Todd Horne 1981

$50,003,550 18

47 85%

John Montgomery, Philip Dance 1952

$44,639,555 5

35 17%

General Contracting

Whit Kennedy, Michael Dunlap 1927

$43,270,221 13

31 4%

General contracting, construction management, construction management at risk, and design-build services

DJ Doherty, Todd Malo 2012

$41,075,297 30

36 100%

Brett Caldwell, David Caldwell, Gary Caldwell 2005

$38,020,000 23

24 100%

1997

$35,000,000 60

190

141 85%

Top Local Official(s) / Year Founded Justin Solesbee, Matthew Johnson, Bryan Royal, David P. Wise 1950

2020: Construction Revenue Received / No. Contracts Completed

Area of Specialization Community, education, environmental systems, health care, industrial, municipal, office, retail, renovation Design-build, pre-construction, construction management and general construction in commercial, retail, industrial and multifamily markets An integrated construction services company serving advanced manufacturing and distribution, aerospace, biotech and pharma, food and beverage, healthcare, higher education and commercial clients

Fast track, design-build, lump sum and construction management with areas in industrial, manufacturing, higher education, health care, office, research and development Construction manager, design-build, general contracting; manufacturing and industrial; commercial, education, institutional, health care and community projects Established in 1981; licensed general contractor offering clients project design, budgeting, bids, scheduling, value-engineering and a safety-conscious construction site

Commercial, health care, education, ecclesiastical, retail, industrial, municipal and historical renovations; BIM, construction management, preconstruction, facility maintenance Institutional, medical, dental, commercial, office, retail, restaurant, industrial, partnering, design-build, pre-construction services General contractor: construction managers helping owners, architects and developers; industrial services: industrial service provider; sitework: men and machinery to move dirt

Researched by Paige Wills

Architecture Firms

Ranked by No. of Licensed Architects in the Greenville Area Company

Phone / Website / Email

Top Local Official(s) / Year Founded

McMillan Pazdan Smith Architecture 400 Augusta St., Suite 200 Greenville, SC 29601

864-242-2033 www.mcmillanpazdansmith.com kcalhoun@mcmillanpazdansmith.com

Joseph M. Pazdan, Ron G. Smith, Brad B. Smith 1955

47 143

Studio-based architecture and interior design firm based in Greenville and Spartanburg; project sectors include K-12 schools, higher education, healthcare, corporate, office, industrial, sports and recreation, retail and community, civic design

LS3P 2 W. Washington St., Suite 600 Greenville, SC 29601

864-235-0405 www.ls3p.com johnedwards@ls3p.com

Cindy Benjamin, John Edwards, Scott D. May 1963

16 41

LS3P is an architecture, interiors and planning firm providing services nationwide from our offices in North Carolina, South Carolina and Georgia

DP3 Architects, Ltd. 15 S. Main St., Suite 400 Greenville, SC 29601

864.232.8200 www.dp3architects.com people@dp3architects.com

J. Michael Taylor, Brian Thomas, Meg Terry 1984

14 24

Architecture, interior design, space planning and master planning for hospitality, higher education, community, office upfits, student centers, fire stations, public works and recreation facilities

Craig Gaulden Davis Architecture 19 Washington Park Greenville, SC 29601

864.242.0761 www.cgdarch.com design@cgdarch.com

Scott E. Powell, S. Scott Simmons, Edward T. Zeigler 1957

10 23

Architecture, planning and interior design firm

Johnston Design Group LLC 411 University Ridge, Suite D Greenville, SC 29601

864-250-0701 www.johnstondesigngroup.us kim@johnstondesigngroup.us

Scott Johnston, David Anderssen, Kevin Davis 2001

7 19

Restorative architectural design

MCA Architecture Inc. 28 Agora Place Greenville, SC 29615

864-232-8204 www.designmca.com sberry@designmca.com

Keith M. Clarke, Thomas S. Berry 1976

7 22

Industrial, commercial, corporate office, retail, medical office

Design Strategies LLC Architects / Engineers 130 S. Main St. Greenville, SC 29601

864-527-6500 www.designstrategies.net mnalley@designstrategies.net

Benjamin T. Rook 2002

6 24

Health care, research, corporate, commercial, institutional hospitality

Batson Associates Inc. 415 W. Washington St. Greenville, SC 29601

864-233-2232 www.batsonassociates.com jrfogle@bainc.com

Geordan Terry, Jeff Fogle, Louis P. Batson 1981

5 12

Architects, planners and interior designers; create spaces

SGA I NarmourWright Design 718 S. Main St., Unit B Greenville, SC 29601

864-609-4199 www.sganwdesign.com info@sganwdesign.com

Gable D. Stubbs, Tracey McGee, Christopher Nordmeyer 1987

4 7

In-house disciplines of architecture, interior design, land planning and landscape architecture are integrated to provide for the design of facilities and structures

SHLTR Architects LLC 108 Mohawk Drive, Suite B Greenville, SC 29609

864-603-1717 www.shltrarch.com info@shltrarch.com

Tara B. Hile, Chesley White 2016

4 5

Architecture firm

Context Design Group PLLC 4 Washington Park Greenville, SC 29601

864-233-3230 www.contextdg.net davidlewis@contextdg.net

Michael Scott Lewis, Jerry Carter Page, David William Lewis 2002

3 7

Commercial architecture and planning services

Earth Design Inc. 1309 Grove Road Greenville, SC 29605

864-603-1231 www.earthdesignsc.com contact@earthdesignsc.com

Cheryl Brown, Rick Huffman, Holley Owings 1996

3 11

Landscape architecture, master planning, residential landscape design, ecological inventories and assessments, environmental design, habitat restoration

Radium Architecture 420 E. Park Ave., Suite 307 Greenville, SC 29601

864-242-9027 www.radiumarchitecture.com contact@radiumarchitecture.com

Brad Benjamin, Scott Kilgore 2011

3 4

Architecture, planning, interiors

ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com

Architects / Total Employees

Description

Researched by Business Report staff

Construction Management Design-Build • Healthcare • Commercial Industrial • Retail • Renovation/Upfits www.marshbell.com • 864.295.2728 4741 Highway 153, Easley, SC 29642

BUSINESS RESOURCES

he information found in Market Facts is distilled from a variety of organizations, government agencies and educational institutions. Direct help can be found by contacting these organizations, which are dedicated to providing avenues for businesses to locate and expand throughout the region and state by offering reliable information and advice to business interests ranging from large industrial employers to budding entrepreneurial endeavors.

FAST FACTS » $39.8 MILLION The largest capital investment made in Spartanburg County by an existing company, Siemens Energy Management. SOURCE: ONE SPARTANBURG INC.

» 1,518,710 Total Upstate population in 2020.

SOURCE: UPSTATE SC ALLIANCE

SECTION SPONSOR

BUSINESS RESOURCES | www.gsabusiness.com

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YOU! YOU!

Chambers of Commerce In the Greenville Area, Ranked by No. of Members Chamber

Phone / Website / Email

Top Local Official(s) / Year Founded

Greenville Chamber 550 S. Main St. Greenville, SC 29601

864-242-1050 www.greenvillechamber.org mcampbell@greenvillechamber.org

Carlos Phillips 1879

OneSpartanburg Inc. 105 N. Pine St. Spartanburg, SC 29302

864-594-5000 www.onespartanburginc.com onespartanburginc@onespartanburginc.com

Allen C. Smith, John Kimbrell, Katherine O'Neill 1919

Anderson Area Chamber of Commerce 129 N. Main St., Suite 200 Anderson, SC 29621

864-226-3454 www.andersonscchamber.com pchristopher@andersonscchamber.com

Pamela Christopher 1903

S.C. Hispanic Chamber of Commerce P.O. Box 1057 Taylors, SC 29687

864-643-7261 www.schcc.org info@schcc.org

German American Chamber of Commerce - S.C. Chapter 4 Washington Park Greenville, SC 29601

404-586-6800 www.gaccsouth.com events@gaccsouth.com

Laurens County Chamber of Commerce 291 Professional Park Road Clinton, SC 29325

864-833-2716 www.laurenscounty.org

Simpsonville Area Chamber of Commerce 105 W. Curtis St., Suite A Simpsonville, SC 29681

No. of Members / Employees

Geographic Coverage

Mission Statement

1,640 20

Greenville County, Upstate

Lead, convene and mobilize the business community to drive regional economic growth

1,100 20

Spartanburg County

To build a vibrant Spartanburg through business, economic and tourism development

775 6

Anderson County

Create an environment for healthy economic growth in the Anderson area and provide superior value for our members

Evelyn Lugo 2007

700 -

Statewide

To promote and support the advancement of the economic growth of Hispanic businesses in South Carolina

Thais Voet, Vincenc Pearson 1978

550 1

NC, SC, GA, FL, AL, TN, MS, LA, AR, OK, TX, PR

The GACC South is a private, non-profit organization and serves as the official representative of German industry and trade in the Southern U.S.; it is part of an international network composed of 140 German Chambers of Commerce Abroad and government offices in 92 countries; the GACCs are one of the largest bi-national chambers in the U.S.

Amanda Munyan 1978

386 3

Laurens County

Serve as the unified voice to promote, strengthen and develop the business community of Laurens County by enhancing quality of life, workforce development, tourism and marketing initiatives

864-963-3781 www.simpsonvillechamber.com info@simpsonvillechamber.com

Allison McGarity 1980

365 4

Simpsonville area and Greenville County

The Simpsonville Area Chamber of Commerce provides leadership and advocacy to unite, promote and improve our community

Greater Mauldin Chamber of Commerce 101 E. Butler Road Mauldin, SC 29662

864-297-1323 www.mauldinchamber.org info@mauldinchamber.org

Patricia Pomeroy 1982

350 3

Greater Mauldin area

Advocate for the successful growth and development of area businesses, large and small; nurturing entrepreneurship and unifying the community

Clemson Area Chamber of Commerce 1105 Tiger Blvd. Clemson, SC 29631

864-654-1200 www.clemsonareachamber.org info@clemsonareachamber.org

Merritt Sanders Rechichar 1981

330 5

Clemson area, including Clemson, Pendleton, Central and Six Mile

To promote economic vitality and a favorable business climate while protecting and improving the region's quality of life

Greater Pickens Chamber of Commerce 222 W. Main St. Pickens, SC 29671

864-878-3258 www.pickenschamberofcommerce.com greatpickenschamber@gmail.com

Kimberly Smagala 1900

300 2

Greater Pickens area

Dedicated to enhancing and improving the business climate and quality of life in the greater area of Pickens County and in the surrounding region

Cherokee County Chamber of Commerce 225 S. Limestone St. Gaffney, SC 29340

864-489-5721 www.cherokeechamber.org info@cherokeechamber.org

Frannie Stockwell 1947

270 3

Cherokee County

To be an advocate for members by promoting the growth of business, industry, and community

Fountain Inn Chamber of Commerce 102 Depot St. Fountain Inn, SC 29644

864-862-2586 www.fountaininnchamber.org info@fountaininnchamber.org

Marnie Schwartz-Hanley 1954

233 1

Upstate, including Greenville and Laurens counties

Envisions a community made stronger by a diverse business environment and helps ensure Fountain Inn continues to grow as an attractive destination in which to conduct business and meet consumer needs

Greater Inman Area Chamber of Commerce 20 S. Main St. Inman, SC 29349

864-472-3654 www.inmanscchamber.org inmanchamber1@gmail.com

Teri Newmark, David Grayshock 1985

120 12

Greater Inman area 29349

To provide leadership in the Inman area that supports the existing business community and promotes economic development while preserving the traditions, personality and heritage of Inman

Greater Travelers Rest Chamber of Commerce P.O. Box 329 Travelers Rest, SC 29690

864-414-1461 www.greatertrchamber.com communications@greatertrchamber.com

Sandra Stroud 2011

75 -

Upstate, greater Travelers Rest area, Slater, Marietta, north Greenville

To foster economic development, support, community renewal, provide networking opportunities and encourage unity in the Greater Travelers Rest area

Calhoun Falls Chamber of Commerce 101 W. Savannah St. Calhoun Falls, SC 29628

864-418-8672 cfchamber@wctel.net

Rebeca R. McCaslan, Chris Cowan 1970

42 1

Calhoun Falls

To be an advocate for business, to promote business alliances, to provide valuable benefits and services to our members and to be a partner with economic development efforts in Fountain Inn and surrounding vicinities

BUSINESS RESOURCES | www.gsabusiness.com

Researched by Paige Wills

STEP-BY-STEP GUIDE FOR STARTING A BUSINESS From The U.S. Small Business Administration: Step 1: Write a business plan. Step 2: Get business assistance and training. Step 3: Choose a business location. Step 4: Finance your business. Step 5: Determine the legal structure of your business. LLC, sole proprietorship, general partnership, C corporation, or other special structures: www.scbos.sc.gov Step 6: Register a business name (“doing business as”). Step 7: Get a Tax Identification Number. This is a federal requirement from the IRS. Here is a link to IRS information from S.C. Business One Stop: www.scbos.sc.gov/business-resources Step 8: Register for state and local taxes. Step 9: Obtain business licenses and permits. These are county and city requirements. Check with your local government offices: • LLCs and corporations have to register with the S.C. Secretary of State’s office • Retailers must register with the S.C. Department of Revenue for sales, use and accommodation taxes. • Some specific businesses and occupations require licenses, such as real estate agents, barbers and lawyers. Selling alcohol, food or clothing requires special licenses from the S.C. Department of Labor, Licensing and Regulation. Step 10: Understand employer responsibilities. The process is described at www.scbos.sc.gov/portals/0/site/business%20resources/ planning_on_hiring_or_adding_new_employee.pdf

Here are some other helpful lists for starting a business: S.C. businesses: www.scsbdc.com/start.php Columbia businesses: www.columbiasc.net/business/starting-a-business/startup-checklist Charleston Score: www.score.org/resources/first-steps-getting-your-business-and-running From the IRS: www.irs.gov/businesses/small-businesses-&-self-employed/starting-a-business Here are some links to running a self-assessment to make sure owning a business is right for you: • www.score.org/resources/entrepreneur-mindset-skills • www.sba.gov/content/entrepreneurship-you Source: U.S. Small Business Administration

www.gsabusiness.com

| BUSINESS RESOURCES

Economic Development Organizations Ranked by No. of Employees in the Greenville Area Company

Phone / Website / Email

Top Official(s) / Year Founded

Appalachian Council of Governments 30 Century Circle Greenville, SC 29607

864-242-9733 www.scacog.org info@scacog.org

Steven R. Pelissier 1965

OneSpartanburg Inc. 105 N. Pine St. Spartanburg, SC 29302

864-594-5000 www.onespartanburginc.com koneill@onespartanburginc.com

Dwayne Hatchett, Katherine O'Neill, Kyle Sox 2000

Primary point of contact for domestic and international companies considering locating or expanding in Spartanburg County, South Carolina

Clemson University Research Foundation 391 College Ave., Suite 401 Clemson, SC 29631

864-656-0797 www.curf.clemson.edu curf@clemson.edu

Chris Gesswein, Vincie C. Albritton 1982

Our primary mission is to advance the research enterprise through support of Clemson University faculty and students engaged in research to connect them to respective industry partners

Upstate SC Alliance 124 Verdae Blvd., Suite 202 Greenville, SC 29607

864-283-2300 www.upstatescalliance.com mwatson@upstatealliance.com

John H. Lummus 2000

A public/private regional economic development organization whose mission is to position Upstate South Carolina to excel in the global economy through strategic marketing, collaboration, and thought leadership. Achieved by working as a team with local economic developers, investors and SC Commerce

City of Mauldin Department of Community Development 5 E. Butler Road Mauldin, SC 29662

864-289-8903 www.cityofmauldin.org vbroad@mauldincitysc.com

Van Broad, Brandon Madden 1957

A progressive municipality located in the Upstate; population of around 25,000 people; dedicated to providing high-quality services in order to promote a safe, welcoming environment for people to live, work and play.

Clemson Region Small Business Development Centers 225 S. Pleasantburg Drive, Suite C-12 Greenville, SC 29607

864-370-1545 www.scsbdc.com clemsonsbdc@clemson.edu

Andrea Galehouse 1979

The South Carolina SBDC's mission is to advance South Carolina's economic development by helping entrepreneurs grow successful businesses

Greenville Area Development Corp. 233 N. Main St., Suite 250 Greenville, SC 29601

864-235-2008 www.gogadc.com catwood@greenvillecounty.org

Kevin Landmesser, Mark Farris 2001

Recruit new companies to Greenville and help existing business expand with the goal of raising quality of life and per capita incomes for Greenville County citizens

S.C. Technology & Aviation Center 2 Exchange St. Greenville, SC 29605

864-277-3152 www.sc-tac.com

Karen Gordon, Danny Moyd, Jody Bryson 1964

Served by the state’s largest general aviation airport and the state’s only publicly-owned automotive test track, SCTAC strives to provide unparalleled services and amenities to the Southeast’s booming automotive, aerospace and tech-centric industries

Ten at the Top 150 Executive Center Drive, Suite 202 Greenville, SC 29615

864-283-0345 www.tenatthetop.org info@tenatthetop.org

Dean Hybl 2009

Foster trust and collaboration through partnerships and cooperation that impact economic vitality and quality of life across Upstate South Carolina

Anderson County Economic Development 126 N. McDuffie St. Anderson, SC 29621

864-260-4386 www.acscdevelopment.com bnelson@andersoncountysc.org

Teri Cox Gilstrap, A. Burriss Nelson 1986

Recruit, create and support new industries within Anderson County and provide support to existing industries and businesses, in order to create jobs, wealth and an expanded tax base in Anderson County

City of Greenville Economic Development Department 206 S. Main St., 9th Floor Greenville, SC 29601

864-467-4401 www.greenvillescbusiness.com econdev@greenvillesc.gov

Merle Johnson 1831

To promote a variety of activities and programs designed to obtain a healthy balance of strategic economic growth and improved quality of life, including facilitating public-private partnerships and implementing programs for business recruitment and retention

Appalachian Development Corp. 880 S. Pleasantburg Drive, Suite 3E Greenville, SC 29607

864-382-2350 www.adcloans.com info@adcloans.com

Connally Bradley 1982

We provide SBA 504 loans and ADC loans throughout South Carolina to assist in the growth and economic development of businesses

City of Anderson Economic Development 102 N. Murray Ave. Anderson, SC 29625

864-231-2605 www.andersoncityeconomicdevelopment.com kspears@cityofandersonsc.com

Kimberly Spears 2014

Plans and programs fostering the economic development and redevelopment of the city, including areas of recruitment, real estate development, business expansion and retention, marketing, promotions and planning signature events

SCBIO 1140 Woodruff Road, Suite 106 Greenville, SC 29607

864-397-5101 www.scbio.org info@scbio.org

Zach Hargett, Erin Ford, Sam Patrick 2010

Build the nation's most industry-friendly and innovative life sciences ecosystem and business environment to fuel the knowledge economy in South Carolina

Greer Development Corp. 111 S. Main St., Suite B Greer, SC 29650

864-416-0125 www.greerdevelopment.com info@greerdevelopment.com

Reno Deaton 2002

Retention of Greer's existing businesses; recruiting targeted industries and high-impact commercial businesses; coordinating the recruitment and redevelopment activities for historic downtown Greer; facilitating the development of new sites and buildings to encourage new, high-quality development; marketing the Greer community

Laurens County Development Corp. 291 Professional Park Road Clinton, SC 29325

864-939-0580 www.growlaurenscounty.com

Jonathan A Coleman 2007

Ensure Laurens County continues to be a community of “accelerating progress” that focuses on economic opportunities that result in a viable future for all residents

Oconee Economic Alliance 528 U.S. Highway 123 Bypass, Suite G Seneca, SC 29678

864-346-5556 www.oconeealliance.org acaggiano@oconeesc.com

Annie Caggiano 2012

Public-private economic development organization created to drive job creation and capital investment, increase per capita income, diversify the local tax base and generate awareness of Oconee County as a business location

Abbeville County Economic Development Partnership 903 W. Greenwood St., Suite 2600 Abbeville, SC 29620

864-366-2181 www.abbevillecountysc.com jhannah@abbevillecountysc.com

Jane Sandifer Hannah 1953

To generate new capital investment and job creation within the county by assisting clients with site selection and development, workforce recruitment and training, information management, incentives and regulatory issues; strategic planning, marketing

Greenville Revitalization Corp. 301 University Ridge, Suite 2500 Greenville, SC 29601

864-242-9801, ext. 122 www.greenvillerevitalization.org ddent@greenvillerevitalization.org

Douglas F. Dent 2012

Bring economic opportunity and community services back to the Textile Crescent and other underserved areas of Greenville County

Carolinas Alliance 4 Innovation 1907 Bethel Road Simpsonville, SC 29681

864-884-8899 www.ca4i.com fred.payne@ca4i.org

Brad Van Meter, W. Chris Clark, Fred Payne 2016

Promoting economic development with innovative solutions as a 501(c)(6) corporation to improve mobility for ALL to vital sites sharing connected, electric, automated ultralight vehicles on infrastructure for walkers, bicycles, buses, cars and personal rapid transit systems developed with integrated engineering and disseminated with virtual and lives workforce education and conferences

BUSINESS RESOURCES | www.gsabusiness.com

Employees

Mission Statement Appalachian Council of Governments is a voluntary organization of local governments in Anderson, Cherokee, Greenville, Oconee, Pickens and Spartanburg Counties in Upstate South Carolina. Created in 1965, the Council of Governments has become a valuable resource for area local governments in the areas of public administration, planning, information systems and technology, grants, workforce devel.

Researched by Paige Wills

LEGAL STRUCTURES OF BUSINESSES When you set up your business, you will need to choose the proper legal structure. Here are some of the choices, each meeting particular needs: Sole proprietorship:

A simple informal structure that is inexpensive to form. The owner operates it, is personally liable for all business debts, can freely transfer all or part of the business, and can report profit or loss on personal income tax returns using Schedule C.

Limited liability company:

Generally considered advantageous for small business because it combines the limited personal liability of a corporation with the tax advantage of a partnership or sole proprietorship.

General partnership:

Partnerships are inexpensive to form. They require an agreement between two or more individuals or entities to jointly own and operate a business. Profit, loss and managerial duties are shared among the partners, and each is personally liable for partnership debts. The partnership does not pay income tax but must file an informational return. Individual partners report their share of profits and losses on their personal return.

Corporation (Inc. or Ltd.):

This is a complex business structure with more startup costs. A corporation is a legal entity separate from its owners, who own shares of stock in the company. It can be created for profit or nonprofit purposes. Profits are subject to income tax at both the corporate level and when distributed to shareholders. Shareholders are not personally liable for corporate obligations as long as corporate formalities have been observed.

Sub chapter S corporation (Inc. or Ltd.):

This structure is identical to the C corporation in many ways but offers avoidance of double taxation. If a corporation qualifies for S status with the IRS, it is taxed like a partnership. SOURCE: S.C. Small Business Development Center

For more information and other structures: • www.sba.gov/category/navigation-structure/starting-managing-business/ starting-business • www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/BusinessStructures

ONE COMPANY. MANY SOLUTIONS. Audio • Video • Lighting • Staging • Scenic • Projection 843.554.3466 | pdastage.com www.gsabusiness.com

| BUSINESS RESOURCES

S.C. Constitutional Offices S.C. Governor Henry McMaster 803-734-2100 Governor.sc.gov S.C. Lieutenant Governor Pamela Evette 803-734-2100 ltgov.sc.gov/lieutenant-governor Secretary of State Mark Hammond 803-734-2170 scsos.com Attorney General Alan Wilson 803-734-3970 scag.gov

Treasurer Curtis M. Loftis Jr. 803-734-2016 treasurer.sc.gov

Agriculture Commissioner Hugh E. Weathers 803-734-2179 agriculture.sc.gov

Auditor George L. Kennedy III 803-832-8929 osa.sc.gov

Adjutant General Maj. Gen. Van McCarty 803-299-4200 scguard.com

Superintendent of Schools Molly Spearman 803-734-8500 ed.sc.gov

Natural Resources Director Robert H. Boyles Jr. 803-734-4007 dnr.sc.gov

Director of Insurance Raymond Farmer 803-737-6160 doi.sc.gov

Labor Director Emily H. Farr 803-896-4300 llr.sc.gov

Comptroller Richard Eckstrom 803-734-2121 cg.sc.gov

Public Service Commission Chairman District 3 Stephen “Mike” Caston 803-896-5100 psc.sc.gov

BUSINESS RESOURCES | www.gsabusiness.com

Upstate Congressional Representation U.S. Senate Lindsey Graham (R) lgraham.senate.gov 864-250-1417 Tim Scott (R) scott.senate.gov 864-233-5366

U.S. House

Jeff Duncan (R) 3rd Congressional District: Edgefield, Saluda, McCormick, Greenwood, Abbeville, Anderson, Oconee, Pickens and Laurens counties, and portions of Greenville and Newberry counties jeffduncan.house.gov 864-681-1028 (Clinton office) 864-224-7401 (Anderson office)

William Timmons (R) 4th Congressional District: Portions of Spartanburg and Greenville counties timmons.house.gov 864-241-0175 (Greenville office) 864-583-3264 (Spartanburg office) Ralph Norman (R) 5th Congressional District: Union, Chester, Fairfield, Kershaw, Lee, Lancaster and York counties, and portions of Newberry, Spartanburg, and Sumter counties norman.house.gov 803-327-1114 (Rock Hill office)

S.C. General Assembly S.C. Senate To contact senators, visit www.scstatehouse.gov

Thomas C. Alexander (R) District 1 – Oconee and Pickens counties 803-212-6220 Rex F. Rice (R) District 2 – Pickens County 803-212-6100 Richard J. Cash (R) District 3 – Anderson County 803-212-6124 Michael W. “Mike” Gambrell (R) District 4 – Abbeville, Anderson and Greenwood counties 803-212-6040 Thomas D. “Tom” Corbin (R) District 5 – Greenville and Spartanburg counties 803-212-6100 Dwight A. Loftis (R) District 6 – Greenville County 803-212-6008 Karl B. Allen (D) District 7 – Greenville County 803-212-6008 Ross Turner (R) District 8 – Greenville County 803-212-6148

Josh Kimbrell (R) District 11 – Spartanburg County 803-212-6108

Anne J. Thayer (R) District 9 – Anderson County 803-212-6889

Bruce W. Bannister (R) District 24 – Greenville County 803-212-6944

Scott Talley (R) District 12 – Greenville and Spartanburg counties 803-212-6048

Westley P. “West” Cox (R) District 10 – Anderson, Greenville and Pickens counties 803-212-6931

Leola C. Robinson (D) District 25 – Greenville County 803-212-6941

Shane R. Martin (R) District 13 – Greenville, Spartanburg and Union counties 803-212-6420

Craig A. Gagnon (R) District 11 – Abbeville and Anderson counties 803-212-6934

Harvey S. Peeler Jr. (R) District 14 – Cherokee, Spartanburg, Union and York counties 803-212-6430

J. Anne Parks (D) District 12 – Greenwood and McCormick counties 803-734-3069

Ronnie W. Cromer (R) District 18 – Lexington, Newberry and Union counties 803-212-6240

John R. McCravy III (R) District 13 – Greenwood County 803-212-6939

S.C. House of Representatives

To contact representatives, visit www.scstatehouse.gov

William R. “Bill” Whitmire (R) District 1 – Oconee County 803-734-3068 William E. “Bill” Sandifer III (R) District 2 – Oconee and Pickens counties 803-734-3015 Jerry T. Carter (R) District 3 – Pickens County 803-212-6908 David R. Hiott (R) District 4 – Pickens County 803-734-3022 Neal A. Collins (R) District 5 – Pickens County 803-212-6913 W. Brian White (R) District 6 – Anderson County 803-734-3144

Daniel B. “Danny” Verdin III (R) District 9 – Greenville and Laurens counties 803-212-6250

John Taliaferro “Jay” West IV (R) District 7 – Abbeville and Anderson counties 803-212-6954

Billy Garrett (R) District 10 – Abbeville, Greenwood, McCormick and Saluda counties 803-212-6032

Jonathon D. Hill (R) District 8 – Anderson County 803-212-6919

Garry R. Smith (R) District 27 – Greenville County 803-734-3141

Max T. Hyde Jr. (R) District 32 – Spartanburg County 803-212-6790

Mark N. Willis (R) District 16 – Greenville, Laurens counties 803-212-6882

Tommy M. Stringer (R) District 18 – Greenville County 803-212-6881 Patrick B. Haddon District 19 – Greenville County 803-212-6962 Adam M. Morgan (R) District 20 – Greenville County 803-212-6795 Bobby J. Cox (R) District 21 – Greenville County 803-212-6883 Jason Elliott (R) District 22 – Greenville County 803-212-6877 Chandra E. Dillard (D) District 23 – Greenville County 803-212-6791

Dennis C. Moss (R) District 29 – Cherokee, Chester and York counties 803-734-3073 Rosalyn D. Henderson-Myers (D) District 31 – Spartanburg County 803-212-6965

Stewart O. Jones (R) District 14 – Greenwood and Laurens counties 803-212-6713

James Mikell “Mike” Burns (R) District 17 – Greenville County 803-212-6891

Ashley B. Trantham (R) District 28 – Greenville County 803-212-6966

Travis A. Moore (R) District 33 – Spartanburg County 803-212-6893 Roger A. Nutt (R) District 34 – Spartanburg County 803-212-6792 William M. “Bill” Chumley (R) District 35 – Greenville and Spartanburg counties 803-212-6894 Merita A. “Rita” Allison (R) District 36 – Greenville and Spartanburg counties 803-734-3053 Steven Wayne Long (R) District 37 – Spartanburg County 803-212-6878 Josiah Magnuson (R) District 38 – Spartanburg County 803-212-6876 Leon D. “Doug” Gilliam (R) District 42 – Laurens and Union counties 803-212-6968

www.gsabusiness.com

| BUSINESS RESOURCES

CORPORATE MILESTONES

FEATURED MILESTONES

SECTION SPONSOR

Sperry CGA-Griffin Partners...............................63 DAA Draexlmaier Automotive............................64 Carroll Daniel Construction.................................66 Metrocon..................................................................67 OpSource Staffing...................................................68 SeaCrest Wealth Management LLC....................69 Warehouse Services Inc.........................................70 Eller Tonnsen Bach Attorneys..............................71

2021 Market Facts | Special Advertising Section

SPERRY CGA-GRIFFIN PARTNERS

Sperry CGA-Griffin Partners has enjoyed rapid, robust growth

Above, the Sperry CGA-Griffin Partners Team. Below right, Mark Griffin, Chris Springfield and John Kawalchuk, the Business Acquisitions & Exits Team.

perry CGA-Griffin Partners, a commercial real estate and advisory firm located in Greenville, continues its track of robust growth and global success. In fact, much has happened in just a few short years. Within the last year alone, the company has hired a chief development and operations officer, director of marketing, and director of net lease investments. And, in 2020, Sperry CGA (corporate) selected Mark Hinkins, CCIM, FRICS, as president, which ushered in a new era of rapid growth and connectivity. This expanded the company’s global footprint and services, including an expansion to 57 global office locations and at least five more offices each year in the next three years. By combining extensive experience, local connections, and worldwide footprint, Sperry CGA-Griffin Partners has not only already achieved great success but is positioned for continued robust growth in the long term. “The Griffin team provides extensive market knowledge, skilled analysis, and sound real estate advice, while building lifelong relationships that grow with the changing market,” Hinkins said. The company has a wide array of resources to help its associates succeed – cutting-edge communication and marketing tools, technologies that provide up-to-date information and management in real-time, first-class training and educational programs, and a global network of affiliates working together. But the company’s success ultimately comes from its people, starting with the vast, diverse experience of the founders and principals. Rand Sperry has inspired those entering the commercial real estate field for some four decades. A self-made millionaire by his mid-twenties, Sperry rapidly rose through

the ranks of a large company, then later co-founded and managed another well-known national real estate brokerage. Mark Griffin, a Greenville native, worked in land development and urban planning before transitioning into a real estate career in Atlanta in 2006. There he worked with some of the top names in the Southeast region and obtained the title of Certified Business Broker and eventually Certified Commercial Investment Member. He founded Griffin Property Solutions in 2012 after moving back to Greenville, serving clients in retail, industrial, office and business brokerage. Sperry launched Sperry Commercial Global Affiliates in 2016. Griffin, realizing the great potential for growth by affiliating with a global brand, partnered with Sperry Commercial Global Affiliates to become Sperry CGA-Griffin Partners in 2018. Since affiliating into this international network, Sperry CGA-Griffin Partners has expanded into the Atlanta region. This location has since further expanded in both its commercial real estate services and in business acquisitions and exits. In fact, Sperry corporate recognized Griffin Partners as a leader in business acquisition and exit strategies, and named senior vice president Chris Springfield as chair of their national Sperry Business Brokerage Group. Will Lawyer, Investment Associate working out of the Griffin Partners Atlanta office, will also be partnering with Sam Suzuki, CEO of Sperry RE Capital LLC, to expand debt and equity solutions for large commercial real estate investment and commercial construction funding in Georgia and the Carolinas. Griffin Partners strives to be distinctive in its approach to commercial real estate and business brokerage and is now enjoying the benefits of long-term client relationships while looking forward to creating many more.

Greg Pilewski, Chief Operations Officer

Will Lawyer, Investment Associate

Theresa Marchi, Director of Marketing

Kevin Whitehead, Director of Net Lease Investments

Sperry CGA-Griffin Partners 40 Parkway Commons Way Greer, S.C. 29650 864-315-3734 691 John Wesley Dobbs Avenue NE Suite V-39 Atlanta, GA 30312 griffinpartnerssc.com

Special Advertising Section | 2021 Market Facts

DRÄXLMAIER

DRÄXLMAIER: 25 years of automotive excellence

DRÄXLMAIER specializes in the manufacture of high-end leather instrument panels, center consoles and door panels for premium vehicles.

ince arriving in the Upstate of South Carolina 25 years ago, the DRÄXLMAIER Group has continuously grown in size, competencies, products and volume. At the same time, the German-owned Tier 1 automotive supplier remained true to its hallmarks: customerorientation, operative excellence and family spirit. Although the DRÄXLMAIER Group officially started its operations at a rented facility located inside Hillside Park in Duncan in January 1996, its journey to South Carolina already began four years earlier. The 1992 announcement of its longtime customer, BMW Group, to build a factory near Spartanburg prompted the executive management at the DRÄXLMAIER headquarters in Germany to rethink its Americas strategy. The result? The production of automotive wiring harnesses was transferred from Niagara Falls, N.Y, where the company has been operating since 1985, to Reynosa,

Mexico, and a new site was set up in Duncan, which would house the administrative headquarters for the region and also manufacture components for vehicle interiors. It did not take long for the young plant to hit its first major milestone: On April 29, 1996, DRÄXLMAIER shipped its first leatherlaminated parts to BMW Manufacturing Co. for the cockpit of the BMW Z3 Roadster, as well as door inserts and boots for gearshift and hand break. Over the course of the next 25 years, the DRÄXLMAIER plant in Duncan established itself as a systems supplier for vehicle interiors. Following the move to its own state-of-theart facility located off East Main Street in 1998, the company began to specialize in the manufacture of high-end leatherwrapped instrument panels, center consoles and door panels for premium vehicles. Working with leather requires a high level of human craftmanship and skill to create smooth surfaces and

2021 Market Facts | Special Advertising Section

XLMAIE RÄ R D

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DRÄXLMAIER precise ornamental stitching. This hands-on element makes DRÄXLMAIER products stand out from those of its competitors. A leather cover for the upper portion of the instrument panel, for example, can consist of more than 30 individually hand-sewn parts, so precision is paramount. “You have to put all the different pieces together into one piece, which is very difficult because sewing leather is a whole different ballgame than sewing cloth,” said sewing specialist Zina McMahan, who joined DRÄXLMAIER back in May 1996 and learned how to work with leather together with 20 of her new coworkers during a 12-week training stint in Germany. From the 1997 BMW Z3 to the 2004 Ford GT to the 2009 Chevrolet Corvette to the 2016 BMW X6 to the 2021 BMW X3: The DRÄXLMAIER team in Duncan created many impressive leather interiors over the past 25 years and strives to do so in the years to come. The introduction of more automation and other new technologies will not only streamline production processes, but also ensure the high quality of the products. The site already features automated assembly lines for the door panel production and recently added robot-aided check stations to inspect the assembled panels before they go onto the transportation rack. “To stay a preferred supplier, we need excellent processes throughout our plant,” said Edmund Eggensberger, vice president of Operations Interior Systems U.S. and head of the Duncan plant site. “This means we need to look at all of our production processes and clarify every single process as well as the interfaces between the different teams and departments. And of course, we need our dedicated and motivated employees to be successful.” Over the years, the workforce at the DRÄXLMAIER plant in Duncan has grown from 40 employees in 1996 to close to 1,000 employees today. Still, the company has maintained its family spirit, which is not only evident in the workplace but also when it comes to supporting the local community. Throughout its time in the Upstate, DRÄXLMAIER and its employees have stepped up to the plate on countless occasions to support local non-profit organizations and social institutions. This corporate spirit and the drive to achieve operational excellence and innovative solutions will ensure that DRÄXLMAIER will continue to actively shape the future of the automotive industry. “It’s all part of our corporate DNA,” Eggensberger said.

DAA Draexlmaier Automotive of America LLC 1751 E. Main St. Duncan, S.C. 29334 864-485-1000 www.draexlmaier.us

DRÄXLMAIER employees bring a high level of human craftsmanship to the production processes. The result is a superior product.

Special Advertising Section | 2021 Market Facts

CARROLL DANIEL CONSTRUCTION

Carroll Daniel Construction builds opportunities for 75 years

Carroll Daniel Construction celebrates 75 years as they expand business in the Upstate.

stay ahead of the curve. Carroll Daniel Construction remains on the cutting edge of building practices and technology, while remaining true to the principles on which Carroll Daniel, the company’s founder and namesake, established and built his company back in the shadow of World War II. Great companies are built on great people, which is why Carroll Daniel Construction focuses on recruitment and retention of great staff and invests in people once they are on board. Its apprenticeship program takes young people with integrity and a work ethic, sends them to technical college and an in-house academy, and trains them to become field superintendents after they graduate. The program has become so popular that there is a waiting list for applicants — in a field of severe labor shortages. Carroll Daniel Construction’s work has been noticed by those in the know. The company has earned first-place awards from Design-Build Institute of America and is recognized as a Top 400 Contractor in the U.S. by Engineering News Record, a leading industry journal. It is that kind of service that keeps a construction company in business for 75 years across multiple generations of leadership.

2021 Market Facts | Special Advertising Section

ny business with a 75-year pedigree has developed institutional expertise and a long history of responding successfully to change. The people of Carroll Daniel Construction are passionate about building and providing their customers the full lifecycle of services to any building they construct or renovate. Focusing on various elements of the industrial market, Carroll Daniel Construction guides its clients from site selection to maintenance of the completed structure. In between, it brings architecture, design, economic development, process engineering and other expertise to the project. The company’s understanding of land use, tax credits, financing and more has saved more than one customer millions of dollars. No wonder many clients have done business with Carroll Daniel for more than seven decades. Like many industries, construction is all about relationships, and Carroll Daniel has a legacy of building partnerships with its customers. “We try to be invested in the business of our partners,” says Brian Daniel, the third generation of the family to lead the company. “We like to think the way our clients think and provide advice that helps them make informed decisions.” But legacy alone is not sufficient if a company doesn’t

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Carroll Daniel Construction 101 N. Main St., Suite 202 Greenville, S.C. 29601 770-536-3241 www.carrolldaniel.com

METROCON

Metrocon concrete supports a variety of Upstate projects

Metrocon is celebrating 15 years of providing concrete for a wide variety of Upstate construction projects.

he S.C. Department of Transportation called Dan Crosby at Metrocon concrete in a desperate state. A broken storm drain was allowing rainwater to infiltrate the road and hollow it out. A 12-inch diameter hole was merely the doorway to a section of road that was ready to collapse any minute under the weight of traffic. It was late, but the caller at the DOT knew that he could rely on Metrocon to solve his problem. Crosby fired up the concrete plant on Norris Highway in Lake Keowee, S.C., rustled up a couple of drivers, filled the trucks with concrete and headed to the offending road. The crew was astonished to pour 50 cubic yards of material into that little foot-wide hole. That’s enough to fill 15 pickup trucks. Most of the concrete packed the empty space beneath the road, ensuring that no vehicles would collapse into a giant sinkhole at 60 miles an hour. That job, done on a well-traveled Upstate highway in a pinch late at night six years ago, came to Metrocon because someone in the construction business knew they could deliver quickly and efficiently on very short notice. Metrocon provides ready-mix concrete, mostly for the residential and commercial building industries. But the ethos of delivering on promises, of offering first-rate service built on years of relationships in the Upstate construction business, is the same no matter the job. Now celebrating 15 years, with concrete plants in

trocon Me

Traveler’s Rest and Inman as well, Metrocon is the go-to concrete provider for builders, finishers and contractors in the know. A decade and a half of strong relationships allows them to anticipate customer needs and coordinate with subcontractors they know. Metrocon is so focused on superior customer service that it pays its employees performance bonuses based on safety, timeliness and service metrics. That explains why the company’s bread and butter is repeat business. “The service and coordination provided by Metrocon during projects has always been professional, timely and cost effective. They helped us be more competitive on projects,” said Bryan Yoder at the Greenville-based construction company Trehel Corp. One key to their excellent service is to start by listening. Metrocon asks new customers a host of questions — what are you pouring, are you pumping it, what is it for, do you need any additives in the concrete, etc. “We love to communicate,” says Crosby. “That is how we know our customers’ preferences.” Metrocon knows that it isn’t the concrete company for every job and every customer. Based on the answers they get, they will be honest with a prospective customer and direct them to a competitor. Doing what’s best for the customer may be old fashioned but it’s how Metrocon does business.

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Metrocon 2399 Norris Highway Central, S.C. 29630 864-868-9882 metroconinc.net

Special Advertising Section | 2021 Market Facts

OPSOURCE STAFFING

Solesbee has been a driving force for 10 years with OpSource Staffing

hen Julie Solesbee joined Opsource Staffing as a receptionist in 2011, the company primarily served the temporary staffing needs of Renfrow Industrial, the company that birthed it. Though Opsource at the time lacked the processes and culture to grow, Julie impressed those around her with her energy, commitment and competence, earning a promotion to payroll administrator. Still, Solesbee knew the company could be more, and could deliver better service to its customers. A single mother, she worked nights to ensure that temporary staffers got paid and clients were satisfied. When Bruce Alexander joined the firm in 2015 with a mandate to professionalize and grow the firm, it had six total customers. He recognized in Solesbee the talent and drive to become a key player in a company that delivers spectacular staffing services to light and heavy industrial and skilled trade clients. Opsource has grown to serve 116 customers by hiring talented people with experience in manufacturing. Often those people have sat at the desks of those who need Opsource’s help. They understand how manufacturing companies operate, their frustrations and operational needs. Instituting structures, policies and procedures has professionalized the firm and benefitted clients. Nowadays, Opsource delivers far more than ordinary staffing services. It has helped clients develop onboarding processes, job descriptions and tracking metrics, earn ISO certification and deal with workers’ compensation and EEOC issues. These

are not normally the provence of a staffing company, but Opsource customers are dealing with people who know their industry from the inside. During the pandemic lockdown, when many manufacturers slowed down, Opsource invested in hardware and software to enhance communication with applicants, clients and staff. It could, if it needed to, contact 72,000 potential employees at once about a staffing need. While other staffing firms were contracting their operations or going out of business, Opsource enhanced and strengthened its commitment to its customers. Embracing the changes, Julie Solesbee has grown with the company, earning another promotion to director of payroll, benefits and billing. As she celebrates her 10th anniversary, Solesbee enjoys working in a more structured, professional and collaborative environment that serves customers well. “Our job is to make our clients' jobs easier,” she says. It works well for her too. She no longer works those long nights. Working smarter doesn’t have to be harder. Alexander, the VP of Operations, has always been impressed by Solesbee’s ability to overcome the odds, grow her career from the bottom, raise two successful adult daughters, and deliver superior service to clients. “Julie still hasn’t reached the peak in her professional development because we are growing and there will be further opportunities for her,” he said. “That is good news for our customers.

2021 Market Facts | Special Advertising Section

Director of Payroll, Benefits and Billing Julie Solesbee (pictured here with her husband, Toby) teamed up with other OpSource Leaders to grow the company's client base in the past 10 years. Since joining OpSource as a receptionist in 2011, Solesbee has moved up to her current position.

OpSource Staffing 1110 W. Butler Road Greenville, S.C. 29607 864-990-5391 www.opsourcestaffing.com

SEACREST WEALTH MANAGEMENT

SeaCrest Wealth Management offers ‘Financial Concierge’ service

In addition to investment management, Dean Livingston and his team at SeaCrest Wealth Management provide investment other services include: estate planning management and many other financial services for individuals and businesses. strategies; tax efficient income and growth; management of individual IRA rollovers, as well as Roth IRA strategies; retirement plans for family businesses; and Restricted Stock ealth Man W strategies for executives of public companies. Headquartered in Purchase, NY, SeaCrest was named to the Forbes list of emerging nationwide Registered Investment Advisors. Livingston believes the honor comes from a business ethic shared among his partners of putting each client’s interests first, resulting in significant growth of 20 SeaCrest’s clientele. 21 0 0 9 2 • “We are fee-based and institutionally priced,” Livingston said. “If you’re looking for extremely competitive pricing, disciplined investment strategy and simplified solutions, then we are for you. We’re not dealing with a lot of people, not trying to be everything to everybody, but rather to be everything we can to a select few.” A 34-year financial services veteran, Livingston said he would like to increase SeaCrest’s local market by adding new interest is paramount, serving as their investment steward & fiduciary clients. Whatever the ups and Each downsclient’s of SeaCrest Wealth Management, LLC the economy, he intends to be there for the ride. 1990 Augusta St., Suite 202 • Fee-Based Fiduciary “It is a privilege, as well as a blessing, to Greenville, S.C. 29605 Years’of work with each client in a relationship • Institutionally Price Experience 864-527-5990 trust, both to them, and to their families.” • Portfolio Suitability

n eme t ag

SeaCre st

ean Livingston sees SeaCrest Wealth Management, LLC as something small … yet large too. “Our boutique company is employee owned, and independently affiliated with Charles Schwab & Company. We are nationwide, presently in 20 cities, including Greenville, Spartanburg, Louisville, New York, San Diego and San Francisco. Each member of our team has decades of experience and training from major Wall Street firms. Many of us are alumni of the former ‘large broker/wire houses’ and presently we manage approximately $1.5 billion for our select clientele.” SeaCrest provides investment management for individuals, families, trusts, family businesses, and foundations. Client accounts are held at Charles Schwab & Co. Livingston describes his Greenville office, opened in 2009, as an investment boutique. As a Certified Wealth Strategist®, he works with each client to put their interests first. Partnering with their tax and legal advisors, he states “my job is to provide simplicity and discipline in this otherwise complex world.” He emphasizes “This is a business of trust ... each client relationship is unique. We offer customized solutions and ongoing services for each client’s specific needs, commensurate with their tolerance for risk, objectives and family dynamics. Each client’s situation is uniquely different; there is no ‘cookie cutter solution’ that works for everyone.”

TRUST IS THE CURRENCY OF EVERY RELATIONS

• Investment Concierge for:

Contact Dean by email at dlivingston@ Individuals seacrestwm.com Families Family Businesses Foundations

www.seacrestwm.com

• Personalized Asset • Gifting Strategies • Retirement

Special Advertising Section | 2021 Market Facts • Estate

WAREHOUSE SERVICES

Warehouse Services has expertise to streamline your firm’s logistics

Warehouse Services in Piedmont has an experienced, expert team that can streamline your company's logistics, saving time and money.

2021 Market Facts | Special Advertising Section

Two characteristics of WAREHOUSE SERVICES, INC. set it apart from other third-party logistics providers. The first is the loyalty and experience of its team, because great people make great companies that provide superior service to customers. The average tenure of the executive team is 25 years. Overall turnover is low because of a safety record that is seven times lower than the industry average and we have a wonderful profit sharing plan as well. Warehouse Services’ decision to operate “asset heavy” benefits its customers because it allows the company to control costs. WAREHOUSE SERVICES, INC. owns most of its real estate, equipment and technology, whereas other logistics providers lease them from vendors whom they can’t control. By owning and maintaining the tools of business, WAREHOUSE SERVICES, INC. has reason to invest in their functional longevity and the ability to control costs. Those savings have been passed on to customers for more than a quarter of a century. Bespoke services for individual industries or customers are not uncommon for WAREHOUSE SERVICES, INC. It built an embroidery plant in order to serve the needs of a manufacturer. WAREHOUSE SERVICES, INC. even constructed a custom compounding plant to support another manufacturer. WAREHOUSE SERVICES, INC. delivers unique solutions to its customers and will continue to do so in the next 35 years.

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AREHOUSE SERVICES, INC. is celebrating its 35th anniversary as a certified womanowned family business this year because it excels in solving customers’ problems. The company boasts more than 50 Six Sigma black belts on staff, who routinely accept the challenge to streamline customers’ supply chains. A leading manufacturer came to WAREHOUSE SERVICES INC., the Piedmont, S.C.-headquartered warehouse service and third-party logistics provider, with a problem. Although the company believed it produced the world’s finest products for a variety of uses, its distribution system was woefully inefficient. It took too long and cost too much to put their product in customers’ hands. The customer was taking orders and filling them as they came, sending less than fully loaded trucks around the country. Ten percent of their orders missed their deadlines. WAREHOUSE SERVICES, INC. built a dedicated truckload delivery model employing advanced logistics technology that consolidated shipments into fully loaded trucks. A more efficient system increased on-time performance to 99% and reduced transportation costs by 15%. Another manufacturing company awarded WAREHOUSE SERVICES, INC. its Global Supplier of the Year in 2019, the first logistics company ever so honored. Such accolades help explain why Warehouse Services has maintained all but two customers in 35 years of business.

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Warehouse Services Inc. 58 S. Burty Road Piedmont, S.C. 29673 864-422-9955 www.warehouseservices.com

ELLER TONNSEN BACH

Eller Tonnsen Bach focuses on serving legal needs of businesses large and small

Eller Tonnsen Bach Attorneys at Law provides legal services for small businesses and large corporations. The staff has expertise in contract litigation, shareholder disputes and more.

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has particular expertise in contract litigation; shareholder dispute litigation; construction litigation; trade secrets; and non-compete issues. Its partners have all worked at large firms, developing a body of knowledge and experience in these areas, much to the delight of their clients. “Eller Tonnsen Bach set the standard for what I look for in an outside litigation firm,” said Daniel Rose, V.P. and General Counsel of Rogers Group, Inc. “They are aggressive, efficient and creative. As General Counsel for a firm operating in nine states, I need that comfort level from outside counsel. I wish I had ETB in every state in which our company conducts business.” Eller Tonnsen Bach focuses on resolving cases efficiently for its clients. The firm measures its time to close each case file and aims to do so quickly and effectively. Clients always rest assured that the focus is on a successful outcome, not on billable hours. After 10 years serving clients in the Upstate, and now with offices in Charleston and Charlotte as well, Eller Tonnsen Bach has grown with its clients and experienced their clients’ pain points as a small business. “It gives us fluency in talking about their business issues,” said Adam Bach, one of the firms’ founders. “We have firsthand experience dealing with some of the same issues our clients do.”

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here are large law firms with dozens of attorneys that handle complex cases and have numerous areas of expertise. And there are smaller firms with just a couple of attorneys that build relationships with their clients and offer personal attention to their cases. Some businesses find they need both: a firm with a dozen or more attorneys, large enough to include a variety of areas of expertise and the sophistication to resolve complicated cases successfully, but also small enough to dedicate a partner to each case who will see it through to the conclusion. That is Eller Tonnsen Bach, the business law firm celebrating its first decade in business handling cases for professionals and small entrepreneurs as well as some of the largest corporations in the country. For example, Eller Tonnsen Bach was recently asked to serve as South Carolina counsel for one of the nation’s largest pharmacies in the national opioid litigation case, complex litigation that could take years to adjudicate. Clients of Eller Tonnsen Bach know their legal team will work their case through resolution, bringing in the resources of the rest of the firm when necessary. No junior partner or of counsel attorney will show up to take the case so that the senior partner can concentrate on a larger client. Every client receives premium service. Eller Tonnsen Bach handles a wide variety of cases but

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Eller Tonnsen Bach Attorneys 1306 S. Church St. Greenville, S.C. 29605 864-236-5013 etblawfirm.com

Special Advertising Section | 2021 Market Facts

INDEX Demographics, Employment & Economic Development.............................6

Architecture, Engineering and Construction..............................................44

Upstate Counties......................................................................................................................................................................... 8

New private housing units authorized by building permits

South Carolina Ports Economic Impact.........................................................................................................................10

Greenville-Anderson-Mauldin MSA, Jan. 2005 - June 2021.................................................................................46

S.C. State Ports Authority, FY 2020 vs. FY2021............................................................................................................10

Mining, Logging, and Construction employment in Greenville-Anderson-Mauldin MSA...................46

South Carolina importing and exporting.......................................................................................................................12

Total construction costs for S.C. metro areas.............................................................................................................48

South Carolina’s export market share in 2020............................................................................................................13

Housing building permits for S.C. metro areas..........................................................................................................48

Aerospace industry’s effect on S.C. exports.................................................................................................................13

How builders handle building costs...............................................................................................................................49

Distribution and logistics in South Carolina................................................................................................................14

S.C. construction costs mostly below U.S. average, 2020...................................................................................50

South Carolina craft breweries, 2020..............................................................................................................................15

Construction employment by county in the Upstate region...............................................................................51

Total passengers at GSP International Airport, Jan. 2019 - June 2021..............................................................16

Engineering Firms......................................................................................................................................................................51

South Carolina statewide lodging outlook report, May 2021..............................................................................16

General Contractors.................................................................................................................................................................52 Architecture Firms....................................................................................................................................................................52

Education......................................................................................................... 18 Enrollment analysis of technical colleges and research institutions, 2009 – 2019................................20

Business Resources.......................................................................................54

Annual college tuition costs................................................................................................................................................20

Chambers of Commerce........................................................................................................................................................56

Southeast has lowest spending per pupil....................................................................................................................21

Step-by-step guide for starting a business................................................................................................................57

The connection between education and earnings.................................................................................................22

Economic Development Organizations.........................................................................................................................58

Educational attainment and job security in the U.S. during COVID-19 era..................................................23

Legal structures of businesses..........................................................................................................................................59

Colleges & Universities..........................................................................................................................................................23

S.C. Constitutional Offices.....................................................................................................................................................60 Upstate Congressional Representation U.S. Senate...............................................................................................60

Medical and Health Care................................................................................24

U.S. House.....................................................................................................................................................................................60

COVID-19 in South Carolina..................................................................................................................................................26

S.C. General Assembly S.C. Senate....................................................................................................................................61

Opioid crisis in South Carolina...........................................................................................................................................28

S.C. House of Representatives.............................................................................................................................................61

Primary care physicians per capita................................................................................................................................28

Corporate Milestones.....................................................................................62 Finance.............................................................................................................30

Sperry CGA-Griffin Partners.................................................................................................................................................63

Accounting for S.C.’s finances.............................................................................................................................................32

DAA Draexlmaier Automotive..............................................................................................................................................64

What are your chances of getting audited in S.C.?.................................................................................................34

Eller Tonnsen Bach Attorneys.............................................................................................................................................66

Banks...............................................................................................................................................................................................35

Metrocon........................................................................................................................................................................................67 OpSource Staffing.....................................................................................................................................................................68

Real Estate.......................................................................................................36

SeaCrest Wealth Management LLC..................................................................................................................................69

Days on the market until sale, Jan. 2020 - July 2021................................................................................................38

Warehouse Services Inc........................................................................................................................................................70

Inventory of homes for sale.................................................................................................................................................38

Carroll Daniel Construction...................................................................................................................................................71

Median sales price in the Greater Greenville region..............................................................................................39 Median sales price in the Spartanburg area..............................................................................................................39 Greenville-Spartanburg-Anderson Apartment Rent Trends...............................................................................40 Greenville-Spartanburg Office submarket comparison, Q2 2021......................................................................41 Residential Real Estate Companies.................................................................................................................................42 Commercial Real Estate Companies...............................................................................................................................43

INDEX | 2021 Market Facts

Roebuck buildings is a pRoud paRtneR of the manufactuRing industRy in south caRolina.

Since 1947, Roebuck Buildings has provided innovative and economical design-build and general contracting services for manufacturing, automotive, pharmaceutical, energy, and other markets throughout the Southeast. w w w . r o ebu c k bu i l d i n g s . c o m

Charleston Port Services Warehouse 9016 Palmetto Commerce Pkwy, Ladson, SC 29456 320-258-8811 For dependable port service solutions PortServices@ATSinc.com

TRUCKING SERVICES

ATS Logistic Services Inc. 531 S Main St. RL-107, Greenville, SC 29601 1-800-323-2286

AT S P O RT SERV ICES WAREHOUSE SERVICES

highway maritime projects logistics

Van Flatbed Step decks RGN Heavy haul (No size limitations) LTL Air charter Project cargo