CRBJ Market Facts 2023

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MARKETFACTS August 2023 | www.CharlestonBusiness.com
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LETTER FROM THE EDITOR

Ihad the pleasure of sitting down with Bryan Derreberry, president and CEO of the Charleston Metro Chamber of Commerce, earlier this year for a filming of SC Biz News’ “Coffee With” video series.

The conversation was a frank discussion about the Charleston region’s strengths, and where it could improve. The chamber, which is celebrating its 250th anniversary this year and counts over 1,600 members representing over 160,000 business professionals, is critical in advocating the area’s economic development agenda.

Charleston’s strengths are obvious: Desirable location, educated workforce, rich manufacturing history. Its challenges, however, are coming into focus, as growth doesn’t happen without growing pains. Among those include finding skilled workers to handle the glut of advanced manufacturing and bioscience jobs coming to the region; attainable housing; and appropriate infrastructure to handle the masses.

“It is critical that we have the appropriate level of housing stock available for all income levels,” Derreberry said. “Additionally, we need to ensure employees and goods can easily and quickly travel on our roadways.”

South Carolina’s Media Engine for Economic Growth

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Some improvements underway include funding for the completion of Interstate 526, a sharpened focus on housing attainability through a newly created Regional Housing Coalition and funding to build up training for higher level careers.

The following pages are chock full of data and graphs that showcase why Charleston ranks among America’s top cities. The numbers also lay bare challenges that come along with any quickly growing region. Charleston, despite all its beauty and charm, is not immune to those.

We hope you’ll use this special section as a resource and guide to the Holy City’s strengths — and opportunities in which it can improve.

Jason Thomas is the executive editor of SC Biz News. Reach him via email at jthomas@scbiznews.com.

About the Cover: The sun sets behind fishing boats docked at a Folly Beach pier. While the fishing industry has undergone profound changes, it is still an integral part of the Lowcountry culture and played a key role in the growth and development of Charleston's economy over the centuries.

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Welcome from our sponsors

We’re once again excited to partner with CRBJ for this year’s Market Facts publication. As one of the region’s top construction companies, we can o er creative solutions to your commercial real estate and facility needs and have local experts in multiple market sectors including health care, education, industrial, multifamily, corporate o ce, sports and civic work.

e associates at Samet work hard to stay focused and bring relevancy to our projects and workplace. “What our customers really hire us for is to think and be advocates for them,” Arthur Samet, CEO and chairman of Samet Corp., said. We invite you to learn more about Samet and how we can work together to continue building the Lowcountry.

At Neal Brothers Charleston Inc. we believe that together everyone achieves more. at is why we are partnering with the Charleston Regional Business Journal to bring you this great tool to ensure that our region is successful during our greatest challenges. As we navigate our way out of the economic challenges brought on by the pandemic, we have to promote business and commerce every chance we get. At Neal Brothers, we have been able to stand strong and serve our community for over 100 years. We specialize in packing and crating, imports, export, distribution, and a wide range of other services. Faced with adversity, we want to work with partners such as the Charleston Regional Business Journal to bring commerce back to Charleston during our toughest times.

South Carolina Ports is proud to keep freight moving for companies throughout the Southeast and beyond. As a top 10 U.S. container port, SC Ports knows the importance of having a deep harbor, big-ship capabilities, e cient operations and cargo capacity. SC Ports continues to invest in critical infrastructure to handle the record cargo volumes seen today, and for decades to come. While we all navigate the ongoing global supply chain challenges, companies need reliable supply chain partners and strong data more than ever. e Charleston Regional Business Journal’s Market Facts publication provides key insights and information about our economy for decision makers.

As the Lowcountry’s only Christian university, Charleston Southern University is uniquely positioned to create opportunities for students to build their faith and skillset in a way that maximizes their impact on the world. Faith integration in and out of the classroom equips students with a worldview in which faith forms character and character drives action — a trait employers desire.

Ranked as one of the best online programs in the country, U.S. News & World Report recognizes CSU as No. 39 in online bachelor’s programs and as No. 22 best online bachelor’s programs for veterans. CSU o ers a myriad of options — both online and on ground — that meet the demands of the growing workforce and booming industries in our state.

Discover your passport to purpose at CSU — where your purpose is our mission — and use the Charleston Regional Business Journal’s Market Facts as a tool to gain vital information about the Charleston economic landscape.

3
Carson Knizevski Regional Vice President, Samet Corporation Barbara Melvin President and CEO, South Carolina Ports Darryl Ray Griff in Sr. CEO, Neal Brothers Charleston Inc.
www.charlestonbusiness.com
www.charlestonbusiness.com 4 Contents 6 34 16 40 28 52 55 46 Real Estate Architecture, Engineering and Construction Financial Services Demographics and Economic Development Education Import, Export and Distribution Medical and Health Care Business Resources and Government

REAL ESTATE

SECTION SPONSORS

ARCHITECTURE, ENGINEERING AND CONSTRUCTION

FINANCIAL SERVICES

DEMOGRAPHICS AND ECONOMIC DEVELOPMENT

2023 | SOUTH CAROLINA MANUFACTURING CONFERENCE AND EXPO

IMPORT, EXPORT AND DISTRIBUTION

EDUCATION

MEDICAL AND HEALTH CARE

www.charlestonbusiness.com 5

Real Estate

e Charleston real estate market continues to see high demand amid low supply of residential homes for sale. e numbers re ect that market gap, with prices remaining at near-record highs while overall sales numbers have declined.

FAST FACTS

2,480

Number of homes for sale in the Charleston metro region in July 2023.

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$399,OOO

Median sale price of a home in the Charleston metro region in July 2023.

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SECTION SPONSOR

REAL ESTATE | www.charlestonbusiness.com 6

Residential home sales in the Charleston region

Days on the market until sale, July 2022 - July 2023

REAL ESTATE | www.charlestonbusiness.com 8 Source: Charleston Trident Association of Realtors, Monthly Indicators Report - July 2023
50 40 30 20 10 0 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 46 27 Source: Charleston Trident Association of Realtors, Monthly Indicators Report - July 2023 Inventory of homes for sale in the Charleston region 4000 3200 2400 1600 800 1,000 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 3,214 3,369 3,578 3,552 3,167 2,957 2,714 2,761 2,469 2,467 2,360 2,143 1,783 1,535 1,448 1,534 2,605 1,701 2,564 2,163 2,731 3,126 2,610 2,480 – Prior year – Percent Change 19 days faster that a home sold in Charleston in July 2023 than it did in February. +30.2% +36.6% +51.6% +65.7% +77.6% +92.6% +87.4% +80.0% +53.1% +18.5% -4.4% -20.7%
CALL YOUR LOCAL CCIM. Discover why only 5% of all commercial real estate professionals hold the elite CCIM designation. Ashley
CCIM Avison Young 843-327-0124 ashley.jackrel@avisonyoung.com Trad
CCIM Palmetto Commercial Partners, LLC 843-577-2550 trad.dyches@pcpsc.com
CCIM Engel & Völkers Charleston 843-697-4014 chris.cunniffe@evrealestate.com Charles
CCIM CBRE, Inc. 843-577-1155 charles.carmody@cbre.com Mike
Coldwell Banker Commercial Atlantic 843-224-1533 mrose@cbcatlantic.com Brent
Coldwell Banker Commercial Atlantic 843-270-4192 bcase@cbcatlantic.com J.
CCIM Palmetto Commercial Properties, LLC 843-577-2550 eddie.buxton@pcpsc.com William
CCIM NAI Charleston 843-364-3796 wsherrod@naicharleston.com Pete
CCIM Lee & Associates 843-696-5533 pharper@lee-associates.com Jenna
CCIM Palmetto Commercial Properties, LLC 843-259-8724 jenna.philipp@pspsc.com Blair Belk, CCIM Belk | Lucy 843-709-9292 blair.belk@belklucy.com Robert
CCIM ReMax Pro Realty 843-576-2705
Carolina Retail Experts 404-358-4259 elyse@cre.expert John
Carolina Retail Experts 854-900-3390 john@cre.expert Lindsey
CCIM Carolina Retail Experts 843-801-6900 lindsey@cre.expert
Jackal,
Dyches,
Chris Cunniffe,
S. Carmody,
Rose, CCIM
Case, CCIM
Edward Buxton,
Sherrod,
Harper,
Philipp,
Pratt,
Elyse Welch, CCIM
Orr, CCIM
Halter,

Median sales price in the Charleston region

New listings in the Charleston region

THE TREND: NEW LISTINGS DECLINE

The real estate market continues to face the headwinds of higher interest rates and low supply relative to demand. New listings in 2023 continue to lag behind 2022.

REAL ESTATE | www.charlestonbusiness.com 10
Indicators
July 2023 – Prior year – 2023
Source: Charleston Trident Association of Realtors, Monthly
Report -
3000 2,500 2,000 1,500 1,000 500 0 August Sept October November December January February March April May June July 2,351 1,987 2,182 1,810 2,030 1,831 1,705 1,474 1,415 1,109 1,728 1,488 1,838 1,467 2,304 2,122 2,291 1,823 2,593 2,012 2,569 1,983 2,196 1,806
+10.6% +14.5% +9.6% +9.6% +1.3% +8.2% +2.9% +4.7% +3.5% -1.2% -2.4% -5% $358,000 $350,000 $365,000 $365,000 $384,945 $360,295 $375,000 $385,000 $385,000 $400,000 $425,000 $420,000 $395,815 $400,900 $400,000 $400,115 $390,000 $389,990 $386,045 $403,095 $414,150 $419,900 $410,000 $399,000 Source: Charleston Trident Association of Realtors, Monthly Indicators Report - July 2023 – Prior year
$500K $400K $300K $200K $100K 0 – Percent Change August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023
Charleston
ice
2022 Source: Colliers International Total Vacancy Rate Under Construction, in sq. ft. Cost per sq. ft. 2023 Quarter 2 2022 Quarter 2 583,040 550,876 602,572 2022 Quarter 2 19.87% 2023 Quarter 2 17.01% 18.48% 2022 Quarter 1 2023 Quarter 1 2022 Quarter 2 $27.92 2023 Quarter 2 $29.81 $27.06 2022 Quarter 1 $29.81 Average cost per sq. ft. for office space in Q2 2022 12.39 million sq. ft. Total office space inventory in Charleston area Scan QR code to see the full report or go to bit.ly/CHSOfficeReport
region off
market, Q2
www.charlestonbusiness.com | REAL ESTATE 11 avisonyoung.com +1 843 725 7200 Get in touch This is the future of commercial real estate Value through innovation. Driven by data. Powered by people.
Vacancy rates, which rose through 2022 as the pandemic displaced many office workers, have dropped in 2023.

Industrial Buildings

Ranked by Available Square Foota ge

12 REAL ESTATE | www.charlestonbusiness.com
Building Name Location Available Square Feet Clear Height (feet) Dock Doors Wall Type Year Built / Status Leasing Agency Palmetto Logistics 8100 Palmetto Comerce Pkwy Ladson, SC 29456 1,312,840 40 248 Concrete Tilt Wall 2024 Under Construction Colliers International Port95 Building I 4826 Highway 78 St George, SC 29477 978,806 40 108 Concrete Tilt Wall 2024 Under Construction Bridge Commercial Camp Hall Campus 8 Building A 1125 Redwood Materials Drive Ridgeville, SC 29472 971,301 40 172 Concrete Tilt Wall 2023 Under Construction JLL Costal Crossroads Building 3 420 Strathmore Road Summer ville, SC 29483 846,711 40 96 Concrete Tilt Wall 2024 Under Construction CBRE Jedburg Logistics Park Building 1 241 Jedburg Road Summer ville, SC 29483 621,920 36 124 Concrete Tilt Wall 2023 Under Construction JLL Omni Industrial Campus Building 3 562 Omni Industrial Blvd. Summer ville, SC 29483 364,700 36 36 Concrete Tilt Wall 2023 Under Construction Bridge Commercial Berkeley Charleston Tradeport Building 3 607 Tradport Drive Summer ville, SC 29843 354,000 36 46 Concrete Tilt Wall 2023 Under Construction Bridge Commercial Eastport Distribution Center Building 2 165 Belgium Way Summer ville, SC 29844 322,400 36 58 Concrete Tilt Wall 2023 Under Construction JLL Dorchester Commerce Center Buidling 2 130 Hodge Road Summer ville, SC 29483 317,376 32 64 Concrete Tilt Wall 2023 Under Construction Bridge Commercial Port City Centre 334 Port City Centre Drive Summer ville, SC 29483 312,000 36 76 Concrete Tilt Wall 2023 Under Construction Bridge Commercial Camp Hall Campus 8 Building B 1129 Redwood Materials Drive Ridgeville, SC 29472 275,271 36 70 Concrete Tilt Wall 2024 Under Construction JLL Port95 Building II 115 Winding Woods Road St. George, SC 29477 241,652 36 20 Concrete Tilt Wall 2024 Under Construction Bridge Commercial Ladson Industrial Park Building 4 5031 Ladson Industr y Drive Ladson, SC 29456 230,068 32 47 Concrete Tilt Wall 2023 Existing JLL Charleston Logistics Center Building 2 840 Drop Off Drive Summer ville, SC 29483 228,772 36 45 Concrete Tilt Wall 2023 Existing Bridge Commercial Camp Hall Campus 4 - Building A 2244 Volvo Car Drive Ridgeville, SC 29472 219,055 32 36 Concrete Tilt Wall 2023 Existing Bridge Commercial Dorchester Commerce Center Buidling 1 130 Hodge Road Summer ville, SC 29483 216,705 32 44 Concrete Tilt Wall 2023 Under Construction Bridge Commercial Costal Crossroads Building 1 460 Strathmore Road Summer ville, SC 29483 202,080 32 24 Concrete Tilt Wall 2024 Under Construction CBRE Camp Hall Campus 8 Building C 912 Autonomous Drive Ridgeville, SC 29472 183,757 32 40 Concrete Tilt Wall 2024 Under Construction JLL Port City Centre Building 3 412 Port City Centre Drive Summer ville, SC 29485 168,480 32 40 Concrete Tilt Wall 2023 Under Construction Bridge Commercial Port City Centre Building 2 337 Port City Centre Drive Summer ville, SC 29484 165,750 32 40 Concrete Tilt Wall 2023 Under Construction Bridge Commercial Jedburg Logistics Park Building 2 237 Jedburg Road Summer ville, SC 29483 158,340 32 32 Concrete Tilt Wall 2023 Under Construction JLL Camp Hall Campus 4 - Building B 2266 Volvo Car Drive Ridgeville, SC 29472 155,515 32 23 Concrete Tilt Wall 2023 Existing Bridge Commercial Eastport Distribution Center Building 1 115 Horton Road Summer ville, SC 29483 149,248 36 35 Concrete Tilt Wall 2023 Existing Colliers International Ladson Industrial Park Building 1 8060 Commerce Center Road Ladson, SC 29456 110,760 32 22 Concrete Tilt Wall 2020 Existing Bridge Commercial Mt Holly Spec Buidling 1400 Garrott Ave. Moncks Corner, SC 29461 81,120 32 16 Concrete Tilt Wall 2023 Existing CBRE Limehouse 2660 Carner Ave. North Charleston, SC 29405 50,000 32 14 Concrete Tilt Wall 2023 Existing Bridge Commercial McQueen Distribution Center 450 International Circle Summer ville, SC 29483 33,000 32 9 Concrete Tilt Wall 2023 Existing Colliers International 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. Email additions or corrections to Listresearch@Bridgetowermedia.com. Although ever y effort is made to ensure accuracy, errors sometimes occur
Make a name with the only name that matters—SIOR® The Society of Industrial and Office REALTORS® Specialists in Industrial and Office Real Estate www.siorcarolinas.com EXPECT MORE! 3 More space leased/sold 3 More transactions closed 3 More transaction dollar volume Charleston Peter Fennelly, SIOR Bridge Commercial peter.fennelly@bridge-commercial.com 843-425-0186 Charleston Mark Erickson, SIOR Colliers mark.erickson@colliers.com 404-226-5829 Charleston Tim Raber, SIOR CBRE, Inc. tim.raber@cbre.com 239-633-2675 Charleston Charles Carmody, SIOR CBRE, Inc. charles.carmody@cbre.com 843-577-1155 Charleston Thomas Boulware, SIOR NAI Charleston tboulware@naicharleston.com 843-270-9124 Charleston E. David Grubbs, Jr., SIOR NAI Charleston, LLC dgrubbs@naicharleston.com 843-814-6111 Charleston Todd Garrett, SIOR Harbor Commercial Partners todd.garrett@harborcommercialpartners.com 843-408-8846 Charleston Bob Caldwell, SIOR Caldwell Commercial, LLC bob@caldwellcommercial.com 843-367-7000 Charleston Bob Nuttall, SIOR Lee & Associates Charleston bnuttall@lee-associates.com 843-367-8255 Charleston Ed Kercher, SIOR Cushman & Wakefield ed.kercher@cushwake.com 843-724-0104 Charleston Frank Norvelle, SIOR Norvell Real Estate Group frankn@norvellgroup.com 843-579-0055 Charleston Simons Johnson, SIOR Bridge Commercial simons.johnson@bridge-commercial.com 843-557-4047 Charleston Robert Pratt, SIOR RE/MAX Pro Realty robert@robertpratt.com 843-573-2705 Charleston Brendan Redeyoff, SIOR CBRE, Inc. brendan.redeyoff@cbre.com 843-577-1167 Charleston Ryan Welch, SIOR Lee & Associates Charleston rwelch@lee-associates.com 843-908-1388
REAL ESTATE | www.charlestonbusiness.com 14 14.31% 591,079 $23.92 $20.08 $24.53 $30.30 13.74% $10 10% 1,500,000 $15 20% 500,000 $20 30% 2,000,000 $25 $35 40% 1,000,000 $30 2,500,000 3,000,000 3,500,000 Off ice submarket comparison, Q2 2023 Daniel Island Mount Pleasant Summerville/Goose Creek Lower North Charleston Upper North Charleston West Ashley Average rental rates per square foot Total vacancy rate Total inventory in square feet $36.61 $26.71 $38.81 41.87% 18.79% 6.19% 15.69% 5.05% 1,419,308 2,304,187 2,723,308 749,362 3,414,377 $0 0% 0 Source: Colliers International Downtown 1,192,150 Make a name with the only name that matters—SIOR® The Society of Industrial and Office REALTORS® Specialists in Industrial and Office Real Estate www.siorcarolinas.com Charleston Michael G. White, SIOR Charleston Industrial, LLC mike.white@charlestonindustrial.com 843-819-1234 Charleston Will Crowell, SIOR Bridge Commercial will.crowell@bridge-commercial.com 504-975-1099 Charleston Mark Mattison, SIOR Bridge Commercial mark.mattison@bridge-commercial.com 843-437-1545 Charleston John Beam, SIOR Bridge Commercial john.beam@bridge-commercial.com 843-810-6868 Charleston Hagood S. Morrison, SIOR Bridge Commercial hs.morrison@bridge-commercial.com 843-830-9108 Charleston Hagood Morrison, SIOR Bridge Commercial hagood.morrison@bridge-commercial.com 843-270-5219 Charleston Chip Shealy, SIOR CBRE, Inc. chip.shealy@cbre.com 843-367-6053
FIND THE MISSING PIECES WHEN YOU SUBSCRIBE Get all the pieces when you subscribe! bit.ly/getcharlestonbiznews You deserve the full story - in the easy to read digital or print editions - plus all the perks of being a subscriber INSIDE Upfront ..................................................... SC Biz News Briefs .......................... In Focus: Architecture, Engineering and Construction ..................................... List: Architecture Firms Bonus List: General Contractors....................................... Hot Properties .................................. At Work ................................................. Viewpoint ............................................ Spirits of the Silver Screen Bottling company buys Coastal Pure Beverages. Page 7 Boeing boosted by private purchasers Efficiency of Dreamliners leads to more sales for business division. Page 8 Work begins on materials complex Clemson launches building for advanced materials. Page 10 New way to tour historic Yorktown Bulldog Tours develops app as audio around museum. Page 11 North Charleston Business Expo The North Charleston event drew more than 150 exhibitors and hundreds of attendees. Page 6 VOLUME 29 NUMBER 10 ■ CHARLESTONBUSINESS.COM JUNE 5-18, 2023 ■ $2.25 network (Image/Provided) COMING FULL CIRCLE A complete revamp of the Park Circle playground in North Charleston — part of a $20 million overhaul of the area — finally has an anticipated opening date. Page 13

Architecture, Engineering and Construction

Construction in commercial and residential sectors maintains a steady upward trend in the Charleston metro area. Demand for single-family homes is especially strong and continues to outpace supply, keeping home prices at record high levels.

FAST FACTS

9,323 Housing building permits issued for the Charleston metro area in 2022

PAGE 18

$1,441

Average weekly construction wage in Charleston County in 2022

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SECTION SPONSOR

CONSTRUCTION | www.charlestonbusiness.com 16 ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.charlestonbusiness.com

Housing building permits for S.C. metro

areas

Total construction costs for S.C. metro areas

Building costs have stabilized in all markets except Charleston after a pandemic-related surge in construction material prices.

-21.14% -15.63% 18 ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.charlestonbusiness.com Source: U.S. Census Bureau
Spartanburg Columbia Greenville-Anderson-Mauldin Charleston-North CharlestonSummerville = 200 homes, 2021 = 200 homes, 2022 = Percent change from 2021-2022 Annual privately owned housing units 3,613 2,596 5,804 6,879 10,454 8,244 8,284 9,323 -28.15% 12.54% Source: U.S. Census Bureau
$2.5B $2.25B $2B $1.75B $1.5B $1.25B $1.0B $750M $500M $250 M 0 2015 2016 2017 2018 2019 2020 2021 2022
TREND: MATERIAL PRICE SURGE SLOWS Spartanburg Columbia GreenvilleAnderson-Mauldin Charleston-North Charleston-Summerville $232M $329M $387M $434M $425M $577M $460M $450M $760M $790M $840M $871M $963M $1.08B $1.47B $1.25B $1.41B $1.81B $1.97B $2.16B $1.32B $1.44B $1.61B $1.56B $1.44B $1.85B $1.99B $2.56B $1.08B $1.80B $1.63B $1.15B
THE

Building Trust in the Lowcountry

At HITT Contracting, we work tirelessly and intentionally to earn your trust by making every part of the construction experience exceptional.

HITT.COM/CHARLESTON
FOR MORE INFORMATION CONTACT RYAN DOWNING rdowning@scbiznews.com

Number of construction companies by county

1,333 1,399 1,513 1,556 1,560
Source: S.C. Commerce Department Labor Market Analysis – Charleston County – Dorchester County – Berkeley County 2015 2016 2017 2018 2019 2020 2021 2022 370 410 380 437 461 1,579 1,588 466 304 327 322 348 358 352 THE TREND: SLIGHT INCREASE IN NUMBERS The number of construction firms in the tri-county area has remained relatively stable in recent years. 337 507 325 1,170 1750 1500 1250 1000 750 500 250 0 283 www.charlestonbusiness.com | ARCHITECTURE, ENGINEERING AND CONSTRUCTION 21 LOCAL. COMMITTED.EXPERIENCED. 843.884.6888 | WWW.HILLCON.COM | @HILLCONSTRUCTION GENERAL CONTRACTING CONSTRUCTION MANAGEMENT DESIGN-BUILD PRE-CONSTRUCTION

Average weekly wage for construction jobs by county

THE TREND: PAY ON THE RISE

Wages for construction workers across the tri-county area surged during and after the pandemic, likely a result of the sector’s diff iculty in filling available jobs and increased demand for housing and industrial space.

22 $1,314 $1,441 –
Charleston County
Dorchester County – Berkeley County
$1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $936 $943 $904 $947 $1,073 $1,091 $1,117 $1,143 $1,205 $1,138 $1,234 $1,014 $1,135 $836 $843 $825 $908 $939 2016 2017 2018 2019 2020 2021 2022 $1,006
Source: S.C. Commerce Department Labor Market Analysis
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.charlestonbusiness.com

Mining, Logging, and Construction employment in Charleston-North Charleston MSA

THE TREND: JOBS INCREASING

Construction employment in Charleston has been on a steady upward pace since the economy recovered from the Great Recession starting in 2013. Numbers dipped during the pandemic, but have begun to rise again amid demand for more housing.

Source: Federal Reserve Bank of St. Louis

THE SITE EXPERTS

www.charlestonbusiness.com | ARCHITECTURE, ENGINEERING AND CONSTRUCTION 23
25K 20K 15K 10K 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Recession
COVID-19
SURVEYING | WETLAND PERMITTING | LAND PLANNING CIVIL ENGINEERING | LANDSCAPE ARCHITECTURE 29A Leinbach Drive | Charleston, SC 29407 (843) 763-1166 | www.hlainc.com

New private housing units authorized by building permits Charleston MSA, Jan. 2005 - June 2022

THE TREND: UP AND DOWN

After a peak of nearly 1,200 permits issued in June 2021, that number plummeted by more than half just four months later. Recent numbers are rising again but have not approached the 2021 peak.

24 ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.charlestonbusiness.com
Source: Federal Reserve Bank of St. Louis 1,200 1,000 800 600 400 200 0 2005 2006 2007 2008 2009 2 010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
1,142 June 2021 Recession COVID-19 38% Decrease from June 2021 to June 2022 715 June 2022 654 St. Andrews Blvd | Charleston, SC 29407 | 843.225.0406 www.jmusselmanconstruction.com OFFICES | MEDICAL | RETAIL | HISTORICAL

CHARLESTON UNDER CONSTRUCTION

Old Towne Creek County Park

1400 Old Towne Road

Charleston

Developer/owner: Charleston County Park & Recreation Commission, Charleston

Architect(s): Liollio Architecture, Charleston

General contractor: MPS Engineering & Construction, Mount Pleasant

Engineer(s): Stantec Consulting Services Inc., North Charleston (landscape architecture, structural engineering & civil engineering)

Charleston Engineering, Charleston (site electrical engineering)

Newcomb & Boyd, Charleston (mechanical, electrical and plumbing engineering)

Bolchoz Marine Advisors Inc., Charleston (boardwalks)

Project manager: Stantec Consulting Services Inc., North Charleston

Estimated completion date: March 2025

Estimated total cost of project: $11 million

Project description: Old Towne Creek County Park is a 67-acre park located in West Ashley off Old Towne Road, adjacent to Charles Towne Landing State Historic Site. The project includes a new vehicular entry and parking which will guide visitors to the Park Center and new Learning Pavilion. Amenities include a new playground, observation deck, trails, 10’ multi-use path, boardwalks, outdoor learning amphitheater, rain gardens & cisterns, landscape, reconstruction of the existing impoundment & utility improvements.

Sono Bello - Charleston

4105 Faber Place Drive, Suite 100 North Charleston

Developer/owner: Body Contour Centers, LLC dba Sono Bello, Kirkland, Wash.

Architect(s): IA Interior Architects, Houston, Texas

General contractor: J Musselman Construction Inc., Charleston

Engineer(s): Henderson Engineers, Franklin, Tenn.

Estimated completion date: October 2023

Project description: This project is an interior upfit for a state-of-the-art medical treatment facility. A new floor plan is being built to accommodate a waiting room, reception area, exam rooms, nurse stations, procedure rooms, restrooms, break room, etc. with all new architectural finishes. Mechanical, electrical, plumbing, and fire protection trades are also included.

Stars Rooftop

495 King Street

Charleston

Developer/owner: Triple Star LLC dba Stars Rooftop & Grill Room, Charleston

Architect(s): Robbie Marty, Charleston

General contractor: J. Musselman Construction Inc., Charleston

Estimated completion date: May 2023

Estimated total cost of project:

Project description: This project is a renovation of a restaurant rooftop which includes new roofing, pavers, banquette seating, lighting, paint and other social media friendly features.

Punchlist Office

22 Westedge Street, Suite 510

Charleston

Developer/owner: Atlantic Companies, Atlanta

Architect(s): Bello Garris Architects, Charleston

General contractor: J Musselman Construction Inc., Charleston

Engineer(s): Constantine Engineering, Charleston

Estimated completion date: June 2023

Project description: This is an interior upfit on the 5th floor of an office building for common workspaces, private offices, a conference room, breakroom, and other common areas. New walls, doors, casework, and paint are being added. Mechanical, electrical, IT, fire alarm and plumbing trades are included.

www.charlestonbusiness.com | ARCHITECTURE, ENGINEERING AND CONSTRUCTION 25

CHARLESTON UNDER CONSTRUCTION

Novotech

22 Westedge Street, Suite 500

Charleston

Developer/owner: Atlantic Companies, Atlanta

Architect(s): Bello Garris Architects, Charleston

General contractor: J. Musselman Construction Inc., Charleston

Engineer(s): Constantine Engineering, Charleston (mechanical, electrical, plumbing)

Estimated completion date: May 2023

Project description: This is a fifth floor interior upfit for tenant office space including a new floor plan designed for comfortable, efficient workspaces that includes operable partitions, windows, flooring, cabinetry, lighting, and paint. The mechanical, electrical, plumbing and fire protection systems are being implemented as well.

410 Mill Street

Mount Pleasant

Developer/owner: WRS Inc., Mount Pleasant

Architect(s): SMHa Inc., Mount Pleasant

General contractor: J. Musselman Construction Inc., Charleston

Engineer(s): HG Consulting Engineers, Charleston (mechanical, electrical, plumbing, fire protection), ADC Engineering Inc., Hanahan (structural)

Estimated completion date: May 2023

Project description: This project is a 1st and 2nd floor tenant upfit involving the demolition of existing space and addition of new offices with renovation of common space and corridors. This project includes a new floor plan with a breakroom, conference rooms, and bathrooms. Architectural features are to be added as well as all mechanical, electrical, plumbing, and fire protection systems.

26
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.charlestonbusiness.com
commercial, neighborhood, institutional, residential, and multi-family landscape architectural services Landscape Architecture CHARLESTON 843.952.7817 WEB REMARKSTUDIOLLC.COM
PHOTOS BY LESLIE MCKELLAR

CHARLESTON UNDER CONSTRUCTION

Shumaker Law Office

176 Croghan Spur Road, Suite 400 Charleston

Developer/owner: Shumaker Law Office, Charleston

Architect(s): Moseley Architects, Charleston

General contractor: J. Musselman Construction Inc.

Engineer(s): EPIC Engineering Solutions LLC, Mount Pleasant (mechanical, electrical); CCCS International, Charleston (structural)

Estimated completion date: May 2023

Project description: This project is an interior upfit of the 4th floor of an existing building for a law practice. The upfit consists of a new floorplan with new architectural features including casework, flooring, painting, lighting, and operable partitions. New mechanical, electrical, plumbing, fire protection and fire alarm systems are also included.

Palmetto Community Care New Office

5064 Rivers Avenue North Charleston

Developer/owner: Palmetto Community Care, North Charleston

Architect(s): Moseley Architects, Charleston

General contractor: J. Musselman Construction Inc., Charleston

Engineer(s): Forsberg Engineering & Surveying Inc., Charleston (civil), CCCS International, North Charleston (structural), EPIC Engineering Solutions, Mount Pleasant (MEP), WM Building Envelope Consultants LLC, Moncks Corner (building envelope)

Estimated completion date: July 2023

Project description: This 30,000-square-foot project is an exterior and interior renovation of a new Palmetto Community Care medical facility. Site work, landscaping, a new roof, and a new storefront are included in this exterior upfit. The interior upfit consists of new mechanical, electrical, plumbing, fire sprinkler, and fire alarm systems. The new floorplan includes offices and treatment areas with casework, flooring, lighting, paint, doors, storefront and blinds.

INDUSTRIAL CONSTRUCTION GROUP

COMING SOON!

322,400 SF Distribution Warehouse Eastport Commerce Center

27
www.charlestonbusiness.com | ARCHITECTURE, ENGINEERING AND CONSTRUCTION

Financial Services

e number of retail banking centers in the Charleston metro area mirrors a national trend of little or no growth as nancial corporations turn increasingly to online options for banking, loan processing and other services.

FAST FACTS

$34.7 BILLION

Budget allocated for all state operations in fiscal year 2023-24.

PAGE 32

$3.6 BILLION

Total amount allocated to K-12 education for FY 2023-24 in South Carolina.

PAGE 32

SECTION SPONSOR

28 FINANCIAL SERVICES | www.charlestonbusiness.com
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Charleston area banks by county

All financial activity employment in Charleston-North Charleston MSA

THE TREND: MORE PEOPLE IN THE MONEY INDUSTRY

Employment numbers in financial services in the Charleston metro area have risen steadily over the past decade, beginning as the country was recovering from the Great Recession in 2011 and 2012. As of June 2023, a record number of more than 20,000 people worked in the industry.

FINANCIAL SERVICES | www.charlestonbusiness.com 30 Source: Federal Deposit Insurance Corporation FDIC insured institutions 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 = 10 offices = $1 billion Number of off ices Total deposits Berkeley Berkeley Charleston Charleston Dorchester Dorchester 126 125 122 120 $1.38B $1.61B $1.48B $1.74B $2B $1.88B $11.74B $14.11B 29 29 29 30 35 35 34 34
Source: Federal Reserve
St. Louis 20K 18K 16K 14K 12K 10K 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Recession
Bank of
COVID-19
$16.50B $18.2B $2.12B $2.34B

If you make $45,000 a year in Charleston

If you earn $45,000 a year in the Charleston MSA, here’s what you would need to earn to live similarly in these cities:

The numbers at the top of the graph show what you'd need to earn in other nearby Southern cities to live a similar lifestyle on a $45,000 annual salary in Charleston. It's slightly cheaper to live in Columbia, Greenville, Raleigh and Charlo e, while more expensive in Asheville and Atlanta.

www.charlestonbusiness.com | FINANCIAL SERVICES 31
Source: CNN Money
Columbia Greenville Raleigh Asheville Charlotte Atlanta
$50,000 $40,000 $30,000 $20,000 $10,000 $0 $43,036 $41,619 $44,178 $44,863 $45,685 $46,325
THE
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Accounting for S.C.’s finances

South Carolina is similar to 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 of the numbers in South Carolina's books.

South Carolina's annual budget for the 2023-24 fiscal year is more than $34 billion. The money comes from several revenue streams.

Emergency funds

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

$732,100,000

By law, the General Reserve Fund must be 5% of General Fund revenues and may be used to cover shortfalls from general funds receipts. For FY2023-24, the reserve fund is over $732 million.

$209,194,431

The Capital Reserve Fund must 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 the money for one-time expenditures such as capital improvement projects.

What about schools?

Education is the largest expenditure for state government. For Fiscal Year 2023-24, more than $5 billion, or about 44% of the General Fund, is allocated for educational expenses in South Carolina. $1.05 Billion $3.6 Billion

K-12 education receives the highest allocation of funding from the General Fund. For fiscal year 2023-24, it is budgeted for more than $3.6 billion, or about 35% of the General Fund budget.

Colleges and universities receive far less money than K-12 from the General Fund. For 2023-24, that amount is $1.05 billion, an increase of about $100 million from 2022-23.

$593.5 Million

Over $593 million from the S.C. Education Lottery is allocated to education expenses.

32
$30B $25B $20B $15B $10B $5B 0 General funds Federal funds Other funds Total REVENUE
$35B
STREAMS
$11.3 B $11.4B $34.7B $12.9B
Source: S.C. Department of Administration, fiscal year 2023-24
FINANCIAL SERVICES | www.charlestonbusiness.com

Our Giving magazine is a special opportunity to support philanthropy in the Lowcountry. The articles tell the heartwarming story of the community’s generosity.

The winners of the Association of Fundraising Professionals Lowcountry Chapter Philanthropy Awards are also featured, with bonus distribution at their National Philanthropy Day luncheon. Your advertising dollars enable the Business Journal to donate advertising space to Lowcountry charitable organizations in a section called “Nonprofit Spotlights.” Show your support of your favorite nonprofit in Giving, the magazine of philanthropy!

Give the gift of awareness.
For advertising information, contact Ryan Downing at rdowning@scbiznews.com
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DATE: October 27, 2023 |
DEADLINE: September 29,

Demographics and Economic Development

e hospitality and tourism industry is vital to Charleston's economy, and both have largely recovered to pre-pandemic levels. However, sta ng issues continue to hamper growth as restaurants, hotels, resorts and entertainment venues struggle to ll vacant jobs.

FAST FACTS

498,575

Total passenger volume in March 2023 at Charleston International Airport.

PAGE 36

827,529

Total population of Charleston, Berkeley and Dorchester counties in 2022.

PAGE 38

SECTION SPONSOR

2023 | SOUTH CAROLINA MANUFACTURING CONFERENCE AND EXPO

34 DEMOGRAPHICS AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
2023 | SO UTH CAROLINA MA NUFACTURIN G CONFERENCE AND EX PO Maximize Your Exposure With Top-Level Executives In Manufacturing Nov. 9-10 Greenville Convention Center To reserve your booth now, visit scmanufacturingconference.com/booth-reservation/ Booth Packages Include: • 10x10 booth • Entry for 2 to Welcome Cocktail Reception • Attendee list with contact information • 25% discount on conference sessions • Free entry for booth staff to exhibit hall including: - 2,000+ attendees - 20+ speakers including SC Gov. Henry McMaster - 215 exhibitors

Total monthly passengers at Charleston International Airport, Oct. 2020-March 2023

498,575

TEAM BUILDING & LEADERSHIP DEVELOPMENT

2,913% Percent increase in passengers Feb. 2021March 2023

Passenger traffic at airports around the world plummeted when the coronavirus pandemic almost completely shut down air travel. Charleston International Airport was no different, but numbers rebounded sharply and now are approaching nearly a half-million. 127,416

Source: Charleston County Aviation Authority

DEMOGRAPHICS AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 10/21 11/21 12/21 1/22 2/22 3/22 4/22 5/22 6/22 7/22 8/22 9/22 10/22 11/22 12/22 1/23 2/23 3-23 Scan QR code to see more CHS statistics or go to bit.ly/CHSStats CHARLESTONCOUNTYPARKS.COM THE CHALLENGE COURSE AT JAMES ISLAND COUNTY PARK
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Population growth by county, 2010-2022

827,529 Total Charleston MSA Population, 2022

Leisure and Hospitality employment in Charleston-North Charleston MSA, Jan. 2007-April 2023

THE TREND: REBOUNDING FROM HISTORIC LOWS

The leisure and hospitality sector has mostly recovered from the drastic effects of the pandemic. However, hotels, restaurants, bars and entertainment venues that were forced to slash payrolls in 2020 and 2021 still suffer from staff shortages even as crowds and traffic have rebounded to prepandemic levels.

Source:
– Charleston County – Dorchester County – Berkeley County 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 350,998 54,650 179,492 137,005 419,279 163,133 19% increase from 2010 – 2022 245,117 36% increase from 2010 – 2022 19% increase from 2010 – 2022 450K 400K 350K 300K 250K 200K 150K 100K 50K 0
U.S. Census Bureau
60K 55K 50K 45K 40K 35K 30K 25K 20K 2007 2008 2009 2010 2010 2012 2013 2014 2015 2015 2017 2018 2019 2020 2021 2022 2023
Source:
Federal Reserve Bank of St. Louis
Recession COVID-19
The Leisure and Hospitality Supersector includes the Accommodations and Food Service Sector along with the Arts, Entertainment and Recreation sector.
DEMOGRAPHICS AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com 38

Per Capita Personal Income

Source: Bureau of Economic Analysis 43,510 45,454 68,720 43,321 48,919 73,032 46,857 41,157 67,053 2019 2020 2021 10000 0 30000 50000 70000 20000 40000 60000 80000 10000 0 30000 50000 70000 20000 40000 60000 80000 10000 0 30000 50000 70000 20000 40000 60000 80000 Berkeley Charleston Dorchester www.charlestonbusiness.com | DEMOGRAPHICS AND ECONOMIC DEVELOPMENT 39 LEADS & DATA CENTER Powered by Powered by Charleston Regional Business Journal, the new Leads & Data Center will give you: • Lucrative local sales leads • Business-building executive contacts • 24/7 online access for research anytime, anywhere • Downloadable spreadsheets • Access to Charleston Regional Business Journal news Imagine the leads and data you could discover, call 877-615-9536 to upgrade your current subscription.

Education

Schools in the Charleston region have returned to in-person learning following 2-plus years of disruption caused by the coronavirus pandemic.

FAST FACTS

77,253

Total enrollment at state technical colleges in 2022, a nearly 10% increase over 2021.

PAGE 42

43.6%

Percentage of Charleston County residents with a bachelor's degree or higher.

PAGE xx

SECTION SPONSOR

EDUCATION | www.charlestonbusiness.com
40
Landscape Ar chitectur al Ser vices: Commer cial, Neighborhood, Institutional, Residential, and Multi-famil y
T 843.952.7817 Charleston, South Carolina WEB REMARKSTUDIOLLC.COM L a n d s c a p e A r c h i t e c t u r e
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Enrollment analysis of technical colleges and research institutions, 2009–2022

THE TREND: TECHNICAL COLLEGE ENROLLMENT REBOUNDS

While enrollment at South Carolina's largest institutions of higher learning — Clemson, USC and MUSC — has climbed steadily in the past decade, numbers at the state's technical college system were on the decline. Enrollment at technical colleges was at a 10-year low in 2021, but rebounded in 2022 as pandemic restrictions eased and students returned to in-person learning.

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

Annual college tuition costs

For selected S.C. public colleges and universities.

Research Institutions: Clemson, MUSC, USC Columbia

Source: S.C. Commission on Higher Education

THE TREND: COSTS MORE TO GO TO COLLEGE

Tuition has risen by more than 40% at many of the state's colleges over the past decade-plus. The Citadel and College of Charleston have seen increases of about 50%.

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

42 EDUCATION | www.charlestonbusiness.com
100,000 90,000 80,000 70,000 60,000 50,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
CLEMSON UNIVERSITY MUSC** USC COLUMBIA* THE CITADEL COLLEGE OF CHARLESTON SC STATE TRIDENT TECHNICAL COLLEGE $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 - 2008—2009 - 2022—2023 $4,563 $11,060 $12,518 $13,140 $12,688 $15,120 $12,427 $3,330 $7,806 $8,400 $8,428 $8,838 $11,731 $10,608
97,219 95,407 91,378 85,969 82,418 80,873 75,857 75,597 70,741 70,321 77,253 54,787 56,042 57,726 59,414 60,491 62,103 62,690 64,135 64,909 65,891 66,947

Charleston-area school districts, 2022-23

Berkeley County School District

107 E. Main St. Moncks Corner, SC 29461 www.bcsdschools.net

Grades PK-12

Superintendent: Dr. Anthony Dixon Board Chair: Patrick Murphy

Charleston County School District 75 Calhoun St. Charleston, SC 29401 www.ccsdschools.com

Grades PK-12

Superintendent: Dr. Eric Gallien Board Chair: Pam McKinney

Dorchester School District 2 115 Devon Road Summerville, SC 29483 www.ddtwo.org

Grades PK-12

Superintendent: Dr. Shane Robbins

Board Chair: Gail Hughes

Dorchester School District 4

500 Ridge St. St. George, SC 29477

www.dorchester4.k12.sc.us

Grades PK-12

Superintendent: Jeffrey Beckwith Board Chair: Phyllis Hughes

Source: S.C. Department of Education

e S.C. Aeronautical Training Center at Trident Technical College is transforming how education and industry work together in the regional, national and global economies. e S.C. Aeronautical Training Center houses: • Aeronautical studies programs • High-tech manufacturing programs • readySC’s Boeing Training Center • Advanced manufacturing workforce training

For more information: 843.323.3501.

www.charlestonbusiness.com | EDUCATION 43
Student enrollment Average teacher salary Per-pupil expenditure Berkeley Charleston Dorchester 2 Dorchester 4 Berkeley Charleston Dorchester 2 Dorchester 4 Berkeley Charleston Dorchester 2 Dorchester 4 37,653 $50,327 10,000 $49,000 $4,000 20,000 $50,000 $8,000 30,000 $51,000 $12,000 40,000 $52,000 $16,000 50,000 $53,000 $18,000 49,609 $52,783 $10,119 26,031 $49,332 $9,027 2,051 $50,320 $12,309 – Charleston – Dorchester District 2 – Dorchester District 4 – Berkeley $9,361
AT20-016

The connection between education, earnings and job security

The highest wage-earners in the Charleston 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, 2022

Total R&D Expenditures

44 EDUCATION | www.charlestonbusiness.com 2021 2020 2016 2015 2018 2017 2019
Source: National Center for Science and Engineering Statistics $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 $20,000 $15,000 $10,000 $5,000 $0 Clemson University Benedict College Claflin University   Medical University of South Carolina University of South Carolina Coastal Carolina University College of Charleston Furman University South Carolina State University Winthrop University x 1000 x 1000
15.7% Graduate or professional degree 5.9% 9th to 12th grade, no diploma 17.2% Some college, no degree 8.2% Associate’s degree 27.9% Bachelor’s degree 22.7% High school graduate (includes equivalency) 2.4% Less than 9th grade CHARLESTON COUNTY Population 25 years and over: 290,167 9.6% Graduate or professional degree 6.8% 9th to 12th grade, no diploma 23.0% Some college, no degree 11.2% Associate’s degree 18.6% Bachelor’s degree 27.3% High school graduate (includes equivalency) 3.5% Less than 9th grade DORCHESTER COUNTY Population 25 years and over: 108,360 8.4% Graduate or professional degree 7.2% 9th to 12th grade, no diploma 23.9% Some college, no degree 11.1% Associate’s degree 16.6% Bachelor’s degree 29.4% High school graduate (includes equivalency) 3.4% Less than 9th grade BERKELEY COUNTY Population 25 years and over: 150,410

MAXIMIZE YOUR MARKETING

October 25

This annual event recognizes forty Lowcountry professionals under the age of 40 who are making their mark with professional and community involvement.

October 25

The Charleston Women of Influence Awards celebrates the exceptional achievements of women in the Lowcountry. We are excited to honor the trailblazers, visionaries, and leaders who are making a difference in our region’s business landscape.

November 9 - 10

The SC Manufacturing Conference & Expo will be held in Greenville. This multi-day event includes the Salute to Manufacturing Awards Luncheon, a manufacturing expo, panel discussions, and several interactive, practical workshops.

For sponsorship opportunities, contact Ryan Downing at rdowning@scbiznews.com or 864-867-1928

Import, Export and Distribution

e S.C. Ports Authority and the businesses associated with import, export and distribution in the Charleston metro region continue to expand and enhance their facilities and services in response to high volumes of goods coming into and leaving the docks of Charleston's ports.

FAST FACTS

$63.4 BILLION

Estimated annual economic impact of the S.C. Ports Authority across the state.

PAGE 48

$2.1 BILLION

Aerospace exports from South Carolina in 2022.

PAGE 49

SECTION SPONSOR

46 IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
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South Carolina Ports Economic Impact

$37.2 billion economic impact

48 $63.4 billion annual economic impact on S.C. 1 in 10 jobs in S.C. are due to the Port $1.1 billion in tax revenue generated annually for S.C. Source: The Economic Impact of the South Carolina Ports Authority - 2021 Upstate Pee Dee Lowcountry Midlands 51.8% percentage of total impact 11.3% percentage of total impact 12.3% percentage of total impact 24.6% percentage of total impact $32.8 billion economic impact 116,561 total jobs $6.6 billion labor income $7.1 billion economic impact 25,275 total jobs $1.4 billion labor income $7.8 billion economic impact 27,781 total jobs $1.5 billion labor income $15.5 billion economic impact 55,346 total jobs $3.1 billion labor income Scan QR code to see the full report or go to bit.ly/SCPortsStudy Source: S.C. Department of Commerce Announced capital investments from 2017-2022 by transportation, logistics and distribution firms in S.C.
state employment in 2022
of rail Miles of statemaintained roads
$2.1 billion
U.S population within a two-day drive of South Carolina.
and
IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
Total
Miles
139,650
2,300
Distribution
logistics in South Carolina 209 million 41,000

Aerospace industry’s eff ect on S.C. exports

Aerospace industry's percent share of total S.C. civilian aircraft, engines and parts exports

THE TREND: BOEING'S TOUGH TIMES DRAG DOWN INDUSTRY'S EFFECT

Plane orders at Boeing's North Charleston plant plummeted in recent years before rebounding in 2022, a dual effect of two 737MAX crashes and the severe drop in airline travel due to pandemic lockdowns. That has caused the aerospace industry's share of S.C. exports to fall from a high of 30% in 2019 to its current 9.3%. Aircraft exports, No. 1 in the state for several years, now are No. 4.

www.charlestonbusiness.com | IMPORT, EXPORT AND DISTRIBUTION 49
$45B $40B $35B $30B $25B $20B $15B $10B $5B 0 2017 2018 2019 2020 2021 2022 – Total value of S.C. Exports – Total value of civilian aircraft, engines, and parts exports
$34.6B $30.3B $4.0B $1.0B $29.7B $31.5B $32.2B $41.5B $6.3B 2017 19.5% 2018 22.9% 2019 30% 2020 13.4% 2021 3.5% 2021 9.3% VALUE - ADDED SERVICES Warehousing + Distribution | Custom Crating + Wood Packaging Automotive Logistics | JIS/JIT, Line Sequencing Sub-Assembl | Repack | Foreign Trade Zone | Transloading Charleston Greenville Charlotte McAllen Birmingham KONTANE FACILITIES 843 352 0011 KONTANELOGISTICS COM ISO 9001 : 2015 CE TI IED WOMAN - OWNED BUSINESS 1000 Charleston Regional Park a Charleston SC 29492 843 352 0011 | kontanelogistics com $7.9B $12.4B
Source: S.C. Dept. of Commerce
$2.1B

S.C. State Ports Authority, FY 2022 vs. FY2023

Total TEUs handled (TEU: 20-Foot-Equivalent Units)

Inland port rail moves

THE TREND: TOTAL CONTAINER VOLUME DROPS, BUT STILL HIGH Container traffic dropped slightly in 2023 after a pandemic-related record 2022, but was still higher than 2021.

Vehicles moving through the port Cruise passengers

123,336

THE TREND: VEHICLE ACTIVITY SLOWS

Pandemic-related supply chain and plant manufacturing issues continued to hamper vehicle production in FY2023, with numbers down about 25% from 2022 totals.

294,136

THE TREND: CRUISE INDUSTRY'S FUTURE UNCERTAIN

Passenger numbers surged as people returned to vacation travel, but the future of Charleston's cruise industry is uncertain as Union Pier is marked for redevelopment.

2.6 million 50 IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com -10% 2.85 million
Greer 151,261 146,813 26,019 39,143 FY2022 FY2022 FY2023 FY2023 Dillon 3.0M 2.5M 2.0M 1.5M 1.0M 0.5M 0 FY2022 FY2023
FY2022
FY2022
FY2023 FY2023
- 25% 253,983 188,517 Source: S.C. State Ports Authority Three vessels at SC Ports Wando Welch Terminal (Photo/Walter Lagarenne, SCPA)

Proactively investing in infrastructure for your supply chain

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Medical and Health Care

e Lowcountry continues to add new residents, and many of those relocating here are doing so to enjoy retirement in a coastal setting. is surge in the elderly population puts additional strains on the Charleston region's health care infrastructure. e region also is not immune to the growing nationwide problem of drug-related death and illness.

FAST FACTS

800 TO 1

Ratio of people to physicians in Charleston County, the best among the tri-county region.

PAGE 54

307

Total number of drug-related overdose deaths in the tri-county region in 2021.

PAGE 54

SECTION SPONSOR

52 MEDICAL AND HEALTH CARE | www.charlestonbusiness.com
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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 distributed equally across physicians.

= 100 individuals

Berkeley County Dorchester County

3,170 to 1

3,070 to 1

Charleston County

800 to 1

Source: County Health Rankings & Roadmaps

Opioid crisis in South Carolina

Opioids and other addictive drugs continue to cause death and illness across the state. The Lowcountry is no exception, with 307 drug-related overdose deaths recorded in the tri-county area in 2021.

Number of drug-related overdose deaths in S.C., 2011-2021

Suicide Unintentional Total

Number of drug-related overdose deaths by county, 2021 Total drug overdoses

201 1652

2168 2500 2000 1500 1000 500 0

1734

Charleston Berkeley Dorchester 478 528 629 713 785 924 1030 1051

164 36 67 70 2077 573 613 718 789 876 1001 1103 1131

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

54 MEDICAL AND HEALTH CARE | www.charlestonbusiness.com
Charleston Berkeley Dorchester
Prescription drug overdoses 34 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Business Resources and Government

A variety of government agencies, organizations and trade groups provide information for industrial growth, entrepreneurship and business operations among speci c sectors and in di erent counties and communities. Much of the information found in Market Facts comes from these agencies after being distilled to the most comparative data for the Charleston region. 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 o ering reliable information and advice.

FAST FACTS

827,529

Total population of the Charleston MSA in 2022, a 1.7% increase over 2021.

PAGE 38

$399,OOO

Median residential home sale price in the Charleston metro area in 2023.

PAGE 10

www.charlestonbusiness.com | BUSINESS RESOURCES AND GOVERNMENT
55

Business Assistance Organizations

American Bureau of Shipping

1670 Drydock Ave.

North Charleston, SC 29405 843-566-9500

www.eagle.org

Maritime classification society which develops and verifies standards for the design, construction and operational maintenance of marine and offshore assets.

BCD Council of Governments

5790 Casper Padgett Way North Charleston, SC 29406 843-529-0400

www.bcdcog.com

Assist local governments develop local and regional plans within the region, as well as providing local governments with planning and technical support to improve the quality of life in the region

Center for Business Research

4922 O'Hear Ave., Suite 101 North Charleston, SC 29405

843-577-2510

www.charlestonchamber.org

Source for regional economic and demographic data

Charleston Angel Partners LLC

469 Double Eagle Trace Seabrook Island, SC 29455

843-478-7483

www.chapsc.com

Assists in investing for members and portfolio companies

Charleston Branch Pilots' Association

6 Concord St. Charleston, SC 29401

843-577-6695

www.charlestonpilots.com

Chartered by the State of South Carolina to perform a number of functions related to assuring 24 hour, seven days a week logistics and administrative services for the member pilots of the Association

Charleston Digital Corridor

997 Morrison Drive, Suite 200

Charleston, SC 29403

843-607-1264

www.charlestondigitalcorridor.com

Community-sourced initiative to attract, nurture and promote the region's tech economy through an array of programs, products and events while leveraging Charleston's livability

Charleston Port & Seafarers Society

PO Box 2442

Mount Pleasant, SC 29464 843-856-7046

www.charlestonseafarers.org

Welcome and serve the needs of those men and women who make their livelihood in the port or at sea, without regard for nationality, race, ethnicity, politics or religion29465

Charleston Regional Development Alliance (CRDA)

4401 Belle Oaks Drive, Suite 420 North Charleston, SC 29405 843-767-9300

www.crda.org

Full-service economic development organization for Berkeley, Charleston and Dorchester counties; serves as a confidential resource to help streamline the site selection process

CLIMB Fund

2 Race St. Charleston, SC 29403 843-973-7298

www.climbfund.org

Community development lender whose mission is to ensure access to capital for small businesses that cannot secure traditional financing; serving the entire state of South Carolina

Estonian Consulate - Charleston

25 E. Battery St. Charleston, SC 29401 843-735-5291

Honorary Consul of France in Charleston

1432 Wellesley Circle Mount Pleasant, SC 29466 843-856-2787

https://www.embassypages.com/franceconsulate-charleston-unitedstates Liaison with French Consulate in Atlanta

International Longshoremen Association Local 1422

1142 Morrison Drive

Charleston, SC 29403

843-720-7360

www.ilalocal1422.com Labor Organizations

Metanoia

2005 Reynolds Ave.

North Charleston, SC 29405 843-529-3014

www.metanoiasc.org

Amplifies opportunities for a thriving community with families in Chicora and surrounding historically Black neighborhoods by honing the unique assets that exist here

Norwegian Honorary Consulate 198 E. Bay St., Suite 101 Charleston, SC 29401 843-577-5782

www.norway.no

Norwegian Consulate for South Carolina and North Carolina

Palmetto Community Action Partnership

1069 King St. Charleston, SC 29403 843-724-6760

www.palmettocap.org

Serves the economically underserved residents of Berkeley, Charleston, and Dorchester Counties by promoting economic independence through programs and partnerships.

Royal Danish Consulate

667 King St., 3rd Floor Charleston, SC 29403 864-277-3702

https://usa.um.dk/en/about-us/list-ofdanish-honorary-consulates-in-the-us/ charleston

S.C. Society for Human Resource Management - Tri-county Chapter

P.O. Box 6272 North Charleston, SC 29419 843-819-5129

www.palmetto.shrm.org

SC Works Charleston

1930 Hanahan Road, Suite 200 North Charleston, SC 29406 843-574-1800

www.scworkstrident.org

Connects businesses, job seekers, and training providers to create a pathway to employment in our region’s leading industries

Small Business Development CenterCharleston Area

6296 Rivers Ave., Suite 300 North Charleston, SC 29406 843-740-6160

www.scsbdc.com

South Carolina Research Authority (SCRA)

315 Sigma Drive Summerville, SC 29486

843-760-3203

www.scra.org

Fuel South Carolina’s innovation economy by accelerating technologyenabled growth in research, academia, entrepreneurship and industry

U.S. Export Assistance Center

1362 McMillan Ave., Suite 100 North Charleston, SC 29405 843-746-3404

www.trade.gov/south-carolina-charleston

Network of international trade specialists and commercial officers in 200 cities worldwide that supports exports of American goods and services

U.S. Small Business Administration 3294 Ashley Phosphate Road North Charleston, SC 29420 843-225-7430

www.sba.gov/sc

Women Entrepreneurs Inc. 1415 Rivers Cotton Road Charleston, SC 29412

706-248-0720

womenentrepreneursinc.com

Events, a speaker network, creative services and paid partnerships; changing the way women gain authority, increase their impact and build sustainable businesses

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. Email additions or corrections to Listresearch@ Bridgetowermedia.com.

Charleston Metro Chamber

56 BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com

Trade Associations

American Institute of ArchitectsSouth Carolina Chapter

803-252-6050

Promote a culture of mentorship and collaboration among our members, in order to support personal and professional development across all firms and career stages

American Lung Association in South Carolina

843-556-8451

Save lives by improving lung health and preventing lung disease

Associated Builders & Contractors of the Carolinas

704-367-1331

Represent the interest of merit shop contractors and its employees in the protection and enhancement of the free enterprise system within the construction industry, policy making process of government provision of educational, marketing and informational programs

Carolina Credit Union League

800-822-8859

Primary advocate for credit unions, focusing members' collective political voice

Carolina Ready Mixed Concrete Association

704-717-9199

Supports the continued expansion and improvement of the ready mixed industry in the Carolinas through product promotion, industry advocacy, education and technical services

Carolinas AGC Inc.

704-372-1450

Providing business development opportunities, helping contractors manage their workforce and advocating for a legal and regulatory environment that ensures contractors success

Charleston Home Builders Association

843-572-1414

A professional, non-profit; promoting housing for people of all income levels and the production of quality homes

Forestry Association of South Carolina

803-798-4170

Supporting SC’s wood and paper products industry including manufacturers, timberland owners, foresters, wood dealers and logging companies by promoting sustainable forestry, use of wood and paper products, and working forests

Independent Banks of South Carolina

803-537-0414

Advocate for and represent independent community banks in South Carolina

Independent Insurance Agents & Brokers of South Carolina

803-731-9460

Provide members with the tools, knowledge and protection they need to serve clients effectively and build a successful agency

Manufactured Housing Institute of South Carolina

803-771-9046

Maximize opportunities for South Carolinians to enjoy the benefits of factory-built homes

Maritime Association of South Carolina

843-577-7678

A member-based trade association which connects the Maritime Association industry and entities who support maritime commerce

Mental Health America of South Carolina

803-779-5363

Improving the lives of people with mental illness in South Carolina, promoting mental health, preventing mental disorders and achieving victory over mental illness through advocacy, education, research and service

Mining Association of South Carolina

803-772-5354

Promotes harmony within the industry and with the general public consistent with high standards of responsibility and integrity

Municipal Association of South Carolina

803-799-9574

Offer the services, programs and tools that will give municipal officials the knowledge, experience and tools for enabling the most efficient and effective operation of their municipalities in the complex world of municipal government

NAACP South Carolina State Conference

803-754-4584

Ensure the political, educational, social and economic equality of rights of all persons and to eliminate race-based discrimination

National Golf Course Owners Association

843-881-9956

Serves as a resource for information and inspiration on how to operate golf facilities as efficiently and profitably as possible

National Guard Association of South Carolina

803-254-8456

Serve as the local arm of the National Guard Association of the Unites States to represent and protect the interests of our nation’s defense and SC Citizen Soldiers

Palmetto State Teachers Association

803-256-2065

Organized as an alternative to the union, PSTA believes educators should have the right to join a professional association to have their voices heard

The Printing Industry of the Carolinas Inc. (PICA)

704-357-1150

Provide member companies with opportunities to access value-added resources and services designed to help them be more effective, efficient and profitable

S.C. Association of Convenience Stores

803-771-4438

Dedicated to unifying, serving and representing the convenience store industry of South Carolina

S.C. Association of Realtors Inc.

803-772-5206

Ensure that the products, programs and services provided to members contributes to their success as real estate professionals

S.C. Association of School Administrators

803-798-8380

Strive to have great leaders in every school and district in South Carolina who ensure the success of every student

S.C. Nursery & Landscape Association

803-743-4284

Education and research for nursery and landscape professionals in South Carolina

S.C. Petroleum Council - Division of API

803-799-9588

To promote safety across the industry globally and to influence public policy in support of a strong, viable U.S. oil and natural gas industry

S.C. Petroleum Marketers Association

803-765-9570

The voice for the petroleum marketers in South Carolina

S.C. Specialty Food Association

803-734-2144

Non-profit association seeks to further the development and awareness of the South Carolina specialty foods industry through education, networking, peer support/ mentoring and promotions

SC Asphalt Pavement Association

803-252-2522

A non-profit trade association; protect, promote and advance the progress, interest and welfare of the producers of plant mixed asphalt paving materials

SC Association of Railroads

843-727-2067

Bring information about our industry and its vital economic importance to the South Carolina legislature, government agencies and the general public

www.charlestonbusiness.com | BUSINESS RESOURCES AND GOVERNMENT 57

SC Association of Tire Dealers & Retreaders

803-252-7128

Advance and safeguard the business interests of Independent Tire Dealers and Retreaders and to promote cooperative relationships among those in the industry

SC Chapter Alzheimer's Association

843-571-2641

Eliminate Alzheimer's disease through the advancement of research; provide and enhance care and support for all affected; reduce the risk of dementia through the promotion of brain health SC Hospital Association

803-796-3080

A private, not-for-profit organization made up of member hospitals and health systems and personal members associated with our institutional members; serve as the collective voice of the state's hospital community

S.C. Press Association

803-750-9561

The S.C. Press Association serves to strengthen the Palmetto State’s newspaper industry, enhance public understanding of the role of newspapers, and protect basic freedoms of press, speech and the free flow of information.

South Carolina Alliance to Fix Our Roads

803-799-2518

Educate the public and our elected officials about the importance of improving and investing in our transportation infrastructure

South Carolina Arts Commission

803-734-8696

Offer resources and support to artists, educators and community groups all across our great state

South Carolina Association of Counties

803-252-7255

Empower county officials through advocacy, education and collaboration

South Carolina Association of CPAs

803-791-4181

Protect and promote the value of the CPA credential

South Carolina Association of Health Underwriters

843-779-7009

Represents those individuals engaged in providing products and services that help finance the cost of health care for South Carolina consumers

South Carolina Association of Nurse Anesthetists

803-931-0696

Promote continuing education among CRNAs in South Carolina

South Carolina Association of Tourism Regions

800-868-8118

Promote and develop travel and tourism as an economic development activity in all areas of South Carolina

South Carolina Auto Dealers Association

803-252-0205

Advocates on behalf of its members in public policy, regulatory issues and economic developments impacting the automotive industry

South Carolina Bankers Association

803-779-0850

Professional trade association organized to effectively represent the common interest and welfare of the banking industry in South Carolina and to promote the professional development of its members and their employees

South Carolina Bar

803-799-6653

Continually improve the administration of justice throughout the State

South Carolina Beer Wholesalers Association

803-708-2100

A non-profit trade association representing the State’s independent beer wholesalers

South Carolina Broadcasters Association

803-732-1186

The trade association for radio and television stations in the state of South Carolina

South Carolina Cable Television Association

803-708-4851

A non-profit trade association whose members joined together to advance the common interests of the cable industry in South Carolina

South Carolina Dental Association

803-750-2277

Represents member dentists in order to promote and provide optimal oral health care to all citizens of the state of South Carolina by serving as an advocate to advance the profession of dentistry

South Carolina Economic Developers Association

803-929-0305

A not for profit organization of members whose primary objective is to increase the effectiveness of individuals involved in the practice of economic development in South Carolina by encouraging cooperation, exchange of information and promotion of professional skills

South Carolina Education Association

803-772-6553

Advocate for quality public education in South Carolina

South Carolina Farm Bureau

800-628-4571

Promote agricultural interests in the state of South Carolina and optimize the lives of those involved in agriculture while being respectful to the needs and concerns of all citizens of our state

South Carolina Golf Association

803-732-9311

Promote, preserve and serve the game of golf

South Carolina Health Care Association

803-772-7511

Empower our members to help improve their patients’ lives by delivering healing and compassionate care to the state’s most vulnerable population – the elderly, frail and disabled

South Carolina Home Care & Hospice Association

919-848-2355

Representing providers of home health, hospice, palliative care and personal care services

South Carolina Independent Colleges & Universities

803-799-7122

Provide information and resources to assist students and parents, while promoting independent higher education in South Carolina

South Carolina Law Enforcement Officers Association

803-781-5913

A professional association of law enforcement officers that have the common goal of advancing and enhancing the law enforcement profession in South Carolina

South Carolina Manufacturers Alliance

803-799-9695

Provides a vehicle for all manufacturers to advocate their interests at the legislative, regulatory and executive levels in South Carolina

South Carolina Medical Association

803-798-6207

Provides a voice for the medical profession and creates opportunities to improve the health of all South Carolinians

South Carolina Newspaper Network

803-750-9561

Helping advertisers use newspapers effectively and efficiently

South Carolina Nurses Association

803-252-4781

Represent all South Carolina registered nurses in a membership organization to promote and advocate the role of the registered nurse to improve health for all

South Carolina Optometric Physicians Association

803-799-6721

Preserve, promote and advance the profession of optometry ensuring access to quality eye care in South Carolina

South Carolina Pharmacy Association

803-354-9977

Serve its members, enabling them to advance the practice and science of pharmacy

South Carolina Poultry Federation

803-540-7507

Preserve, promote and protect the activities that bring value to stakeholders of the poultry industry in the State of South Carolina

58 BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com

South Carolina Primary Health Care Association

803-788-2778

Represent public and private partnerships working together to improve the health status of their respective communities

South Carolina Restaurant and Lodging Association

803-765-9000

Provide superior value and effective communication by being the voice of the foodservice and lodging industry in government and public relations, educational programs, offering operational benefits and creating opportunities for member involvement

South Carolina School Boards Association

803-799-6607

Advocating for quality public education while ensuring excellence in school board performance through training and service

South Carolina Society of Professional Land Surveyors

803-771-4271

Advance the public welfare and the professional, social and economic interests of the Land Surveyor by promotion of education, legislation and public relations through the establishment and maintenance of high ethical standards and practices

South Carolina Telecommunications and Broadband Association

South Carolina Timber Producers Association

800-371-2240

Serve as the voice for timber harvesting and allied timber businesses; advance the ability of its members to professionally, ethically, efficiently, safely, environmentally and profitably harvest, produce and transport timber; providing continuing educational and training opportunities

South Eastern Fabricare Association

877-707-7332

Serving professional drycleaners and launderers throughout the Southeast Transportation Association of South Carolina Comprised of numerous entities involved in the business of providing quality transportation services

United Way Association of South Carolina

803-929-1000

803-779-7282

Pursue statewide strategies that encourage the deployment of technologies that will enable SCTBA members to be the best providers of telecommunication and broadband products and services to South Carolina

South Carolina Trucking Association

803-799-4306

Advocate, educate and collaborate for successful trucking operations in S.C.

South Carolina Vending Association

SCVA

803-252-1087

Members can benefit from activities designed to keep them informed on industry issues that affect their businesses

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www.charlestonbusiness.com | BUSINESS RESOURCES AND GOVERNMENT 59
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Legislative Representatives

S.C Governor

Henry D. McMaster (R) State House

1100 Gervais Street Columbia, South Carolina 29201 803-734-2100

www.governor.sc.gov

S.C. Lieutenant Governor

Pamela Evette (R) State House

1100 Gervais Street Columbia, South Carolina 29201 803-734-2100

www.governor.sc.gov

U.S Senate

Lindsey Graham (R) 211 Russell Senate Office Building Washington DC 20510 202-224-5972

www.lgraham.senate.gov

Local Office: 4 Carriage Lane, Suite 401 Charleston, SC 29407 843-849-3887

Tim Scott (R) 104 Hart Senate Office Building Washington DC 20510 202-224-6121

www.scott.senate.gov

Local Office: 2500 City Hall Lane 3rd Floor Suite North Charleston, SC 29406 843-727-4525

U.S House of Representatives

Nancy Mace (R)

1st Congressional District - Beaufort, Berkeley, Charleston, Colleton, and Dorchester counties

1728 Longworth House Office Building Washington, DC 20515 202-225-3176

www.mace.house.gov

Local Office: 652 Coleman Blvd. Suite 102 Mt. Pleasant, SC 29464 843-352-7572

James E. Clyburn (D)

6th Congressional District - Allendale, Bamberg, Beaufort, Berkeley, Calhoun, Charleston, Clarendon, Colleton, Dorchester, Hampton, Jasper, Orangeburg, Richland, Sumter and Williamsburg counties

274 Cannon House Office Building Washington, DC 20515 202-225-3315

www.clyburn.house.gov

Local Office: 176 Municipal Way Santee, SC 29142 803-854-4700

State Senate

Ronnie A. Sabb (D) District 32 - Berkeley, Florence, Georgetown, Horry and Williamsburg counties

606 Gressette Bldg. Columbia 29201 803-212-6024

RonnieSabb@scsenate.gov

Stephen L. Goldfinch (R) District 34 - Charleston, Georgetown and Horry counties

513 Gressette Bldg. Columbia 29201 803-212-6172

StephenGoldfinch@scsenate.gov

Lawrence K. "Larry" Grooms (R) District 37 - Berkeley and Charleston counties 313 Gressette Bldg. Columbia 29201 803-212-6400

LarryGrooms@scsenate.gov

Sean M. Bennett (R) District 38 - Berkeley, Charleston and Dorchester counties

205 Gressette Bldg. Columbia 29201 803-212-6410

SeanBennett@scsenate.gov

Vernon Stephens (D)

District 39 - Berkeley, Calhoun, Colleton, Dorchester and Orangeburg counties

606 Gressette Bldg.

Columbia, SC 29201 803-212-6024

VernonStephens@scsenate.gov

Sandy Senn (R)

District 41 - Charleston and Dorchester counties 601 Gressette Bldg.

Columbia 29201 803-212-6116

SandySenn@scsenate.gov

Leon D. “Doug” Gilliam

District 42 - Laurens and Union counties 420C Blatt Bldg. Columbia 29201 803-212-6968

George E. "Chip" Campsen III (R)

District 43 - Beaufort, Charleston and Colleton counties

305 Gressette Bldg. Columbia 29201 803-212-6340

ChipCampsen@scsenate.gov

Brian Adams (R)

District 44 - Berkeley, Charleston and Dorchester counties

613 Gressette Bldg. Columbia, SC 29201 803-212-6056

BrianAdams@scsenate.gov

Margie Bright Matthews (D)

District 45 - Allendale, Beaufort, Charleston, Colleton, Hampton and Jasper counties 602 Gressette Bldg. Columbia 29201 803-212-6008

MargieBrightMatthews@scsenate.gov

State House of Representatives

JA Moore (D)

District 15 - Berkeley and Charleston counties

432A Blatt Bldg. Columbia 29201 803-212-6890

JAMoore@schouse.com

Brandon L. Cox (R)

District 92 - Berkeley County 330D Blatt Bldg. Columbia 29201 803-212-6886

Gil Gatch (R)

District 94 - Charleston and Dorchester counties

310B Blatt Bldg. Columbia 29201 803-212-6871

GilGatch@schouse.gov

Robby Robbins (R)

District 97 - Colleton and Dorchester counties

310D Blatt Bldg. Columbia 29201 803-212-6973

RobertRobbins@schouse.gov

Chris Murphy (R)

District 98 - Dorchester county

310C Blatt Bldg.

Columbia 29201

803-212-6925

ChrisMurphy@schouse.gov

Marvin “Mark” Smith (R) District 99 - Berkeley county 327A Blatt Bldg. Columbia 29201 803-212-6719

MarvinSmith@schouse.gov

Sylleste H. Davis (R) District 100 - Berkeley county 425 Blatt Building Columbia 29201 803-734-3046

SyllesteDavis@schouse.gov

Joseph H. Jefferson Jr. (D) District 102 - Berkeley and Dorchester counties

304B Blatt Bldg. Columbia 29201 803-734-2936

JosephJefferson@schouse.gov

Lee Hewitt (R) District 108 - Charleston and Georgetown counties 327D Blatt Bldg. Columbia 29201 803-212-6927

LeeHewitt@schouse.gov

Deon T. Tedder (D) District 109 - Charleston and Dorchester counties 328A Blatt Bldg. Columbia 29201 803-212-6721

DeonTedder@schouse.gov

Thomas F. "Tom" Hartnett, Jr. (R) District 110 - Charleston county 416A Blatt Bldg. Columbia 29201 803-212-6950

Wendell G. Gilliard (D) District 111 - Charleston county 328D Blatt Bldg. Columbia 29201 803-212-6793

WendellGilliard@schouse.gov

60 BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com

Joseph M. “Joe” Bustos (R)

District 112 - Charleston county

308A Blatt Bldg. Columbia 29201 803-212-6880

JosephBustos@schouse.gov

Marvin R. Pendarvis (D)

District 113 - Charleston county 328B Blatt Bldg. Columbia 29201 803-212-6716

MarvinPendarvis@schouse.gov

Gary S. Brewer Jr. (R)

District 114 - Charleston and Dorchester counties

310A Blatt Bldg. Columbia 29201

803-212-6948

Elizabeth “Spencer” Wetmore (D)

District 115 - Charleston county

422A Blatt Bldg. Columbia 29201 803-212-6872

ElizabethWetmore@schouse.gov

Matthew W. "Matt" Leber (R)

District 116 - Charleston and Colleton counties 436A Blatt Bldg.

Columbia 29201 803-212-6817

Jordan S. Pace (R) District 117 - Berkeley county 434A Blatt Bldg. Columbia 29201 803-212-6879

Leonidas E. “Leon” Stavrinakis (D) District 119 - Charleston county 532A Blatt Bldg. Columbia 29201 803-734-3039

LeonStav@schouse.gov

Other Constitutional Officers

Secretary of State Mark Hammond SC Secretary of State's Office 1205 Pendleton Street, Suite 525 Columbia, SC 29201 803-734-2170 www.scsos.com

State Treasurer Curtis M. Loftis Jr. Wade Hampton Building 1200 Senate Street - Suite 214 Columbia, SC 29201 803-734-2101

treasurer@sto.sc.gov

www.treasurer.sc.gov

Attorney General Alan Wilson Rembert Dennis Building 1000 Assembly Street, Room 519 Columbia, S.C. 29201 803-734-3970 info@scag.gov www.scag.gov

S.C. Comptroller General Brian J. Gaines 305 Wade Hampton Office Building 1200 Senate Street Columbia, SC 29201 803-734-2121 cgoffice@cg.sc.gov www.cg.sc.gov

State Superintendent of Education Ellen Weaver 1429 Senate Street Columbia SC 29201 803-734-8500 info@ed.sc.gov www.ed.sc.gov

Commissioner of Agriculture Hugh E. Weathers Wade Hampton Building 1200 Senate Street, 5th Floor Columbia, South Carolina 29201

803-734-2190

hweathe@scda.sc.gov

www.agriculture.sc.gov

Adjutant General Maj. Gen. Van McCarty 1 National Guard Road 803-806-4217

www.scguard.com

Other Statewide Offices

S.C

Secretary of Commerce

Harry M. Lightsey III 1201 Main Street, Suite 1600 803-737-0400

info@sccommerce.com

www.sccommerce.com

Commerce Director of Targeted Rural Strategy and Special Projects

Maceo Nance, Director 1201 Main Street, Suite 1600 803-737-0440

menace@sccommerce.com

www.scccommerce.com

www.charlestonbusiness.com | BUSINESS RESOURCES AND GOVERNMENT 61 • International & Local Shipping • Warehouse Storage • Deep Water Pier for Loading and O loading Ships & Barges • ABS/Inland Barge and Ship Repairs • Container Storage • Trucking • Dual served Rail Access • Easy Intermodal Access • Slip Services • Aggregate Sales • Transload facility • Marine Construction and Earthmoving Services The pioneer of integrative solutions on land and sea 843-779-0199 | www.carvercompanies.com 1400 Pierside St., Bldg. 190, North Charleston, SC 29405

County Governments

BERKELEY COUNTY GOVERNMENT

Supervisor

Johnny Cribb

1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4094

johnny.cribb@berkeleycountysc.gov www.berkeleycountysc.gov

County Council

Dan Owens, District 1 dan.owens@berkeleycountysc.gov

Joshua Whitley, District 2 843-696-9094 josh.whitley@berkeleycountysc.gov

Phillip Obie, District 3 843-532-6243 phillip.obie@berkeleycountysc.gov

Thomas Newell, District 4 843-442-2109 tommy.newell@berkeleycountysc.gov

Brandon Cox, District 5 brandon.cox@berkeleycountysc.gov

Jack H. Schurlknight, District 6 843-830-1804 jack.schurlknight@berkeleycountysc.gov

Caldwell Pinckney, Jr., District 7 843-753-7377 caldwell.pinckney@berkeleycountysc.gov

Steve C. Davis, District 8 843-825-4558 steve.davis@berkeleycountysc.gov

Economic Development

Kristen Orvin Lanier, Director 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4301 kristen.lanier@berkeleycountysc.gov www.berkeleymeansbusiness.com

Auditor

Janet Brown Jurosko P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4309 janet.jurosko@berkeleycountysc.gov

Treasurer Carolyn Umphlett 1003 U.S. Highway 52 Moncks Corner SC 29461 843-719-4040 carolyn.umphlett@berkeleycountysc.gov

CHARLESTON COUNTY GOVERNMENT

Lonnie Hamilton III Public Services Building

4045 Bridge View Drive North Charleston, SC 29405 843-958-4000 www.charlestoncounty.org

East Cooper Service Center 1189 Sweetgrass Basket Parkway, Suite 400 Mount Pleasant, SC 29466

North Area Service Center Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Charleston, SC 29405

St. Paul’s Service Center 5962 S.C. Highway 165, Suite 300 Ravenel, SC 29470

Administrator

Bill Tuten 843-958-4000 www.charlestoncounty.org

County Council

Herbert Ravenel Sass III, District 1, Chairman 843-766-7500 hsass@charlestoncounty.org

Larry Kobrovsky, District 2 843-955-8143 lkobrovsky@CharlestonCounty.org

Robert L. Wehrman, District 3 843-958-4030 rlwehrman@charlestoncounty.org

Henry E. Darby, District 4 843-901-6793 henrydarby@msn.com

Teddie E. Pryor, Sr., District 5 843-958-4030 tpryor@charlestoncounty.org

Kylon Jerome Middleton, District 6 843-325-4577

kmiddleton@charlestoncounty.org

C. Brantley Moody, District 7 843-270-2483 bmoody@charlestoncounty.org

Joe Boykin, District 8 843-214-0337 jboykin@charlestoncounty.org

Jenny Costa Honeycutt, District 9 843-693-6447 jhoneycutt@charlestoncounty.org

Economic Development

Steve Dykes, Executive Director 4922 O’Hear Ave., Suite 201 North Charleston, SC 29405 843-958-4511 sdykes@charlestoncounty.org www.charlestoncountydevelopment.org

Auditor

Peter Tecklenburg

O.T. Wallace County Office Building 101 Meeting St., Room 101 Charleston, SC 29401 843-958-4200 ptecklenburg@charlestoncounty.org

Treasurer

Mary Tinkler O.T. Wallace County Office Building 101 Meeting St., Room 108 Charleston, SC 29401 843-958-4360 mtinkler@charlestoncounty.org

DORCHESTER COUNTY GOVERNMENT

St. George Office (Main): Kenneth F. Waggoner Building 201 Johnson St. St. George, SC 29477

Summerville Office: Human Services Building 500 N. Main St. Summerville, SC 29483 843-563-0100 www.dorchestercountysc.gov

Administrator

Jason L. Ward 201 Johnston St. St. George, SC 29477 843-563-0100

County Council

Harriet Holman, District 1 843-563-0196 hholman@dorchestercountysc.gov

David Chinnis, District 2, Vice Chairman 843-801-2326

dchinnis@dorchestercountysc.gov

Rita May Ranck, District 3 843-955-9708 rmranck@dorchestercountysc.gov

Todd Friddle, District 4, Chairman 843-805-2258

sfriddle@dorchestercountysc.gov

Eddie Crosby, District 5 843-832-0196

ecrosby@dorchestercountysc.gov

William (Bill) Hearn, District 6 843-442-5787 bill.wrhearn@gmail.com

Jay Byars, District 7 843-324-6732 byarsj@gmail.com

Economic Development

John M. Truluck, Director 402 N. Main St. Summerville, SC 29483 843-875-9109

jtruluck@dorchestercountysc.gov www.dorchesterforbusiness.com

Auditor

James "JJ" Messervy Jr. Main Office: 843-563-0118

Summerville Office: 843-832-0118

Treasurer

Cindy L. Chitty Main Office: 843-563-0165

Summerville Office: 843-832-0165

cchitty@dorchestercounty.net www.dorchestercountytaxesonline.com

62 BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com

Regional Municipalities

Awendaw

Mayor Miriam C. Green

6971 Doar Road, Awendaw, SC 29429 843-928-3100

miriamcgreen@gmail.com

www.townofawendawsc.org

Town Planner: Mark Brodeur

843-931-8125 markb@bcdcog.com

Bonneau

Mayor Rembert E. Wrenn

420 Municipal Ln, Bonneau, SC 29431 843-825-3385

www.townofbonneau.com

Clerk to Council: Liz Wrenn, Bonneau clerk@tds.net

Charleston

Mayor John J. Tecklenburg

80 Broad Street, Charleston, South Carolina 29401

843-724-7311

tecklenburgj@charleston-sc.gov

www.charleston-sc.gov

Clerk to Council: Jennifer Cook

843-720-3830

cookj@charleston-sc.gov

Folly Beach

Mayor Tim Goodwin

21 Center St., Folly Beach, SC 29439

843-588-2447

www.cityoffollybeach.com

City Administrator: Aaron Pope apope@follybeach.gov

Goose Creek

Mayor Gregory Habib

519 North Goose Creek Blvd., Goose Creek, SC 29445

843-797-6220

ghabib@cityofgoosecreek.com

www.cityofgoosecreek.com

City Clerk: Kelly J. Lovette

843-797-6220 ext. 1113 klovette@cityofgoosecreek.com

Hanahan

Mayor Christie Rainwater

1255 Yeamans Hall Road, Hanahan, SC 29410 843-554-4221

crainwater@cityofhanahan.com

www.cityofhanahan.com

City Administrator: Courtney Soler 843-576-5255

csoler@cityofhanahan.com

Harleyville

Mayor Charles Ackerman

122 W. Main St., Harleyville, SC 29448 843-462-7676

www.harleyvillesc.com

Clerk to Council: Amanda Childers

Hollywood

Mayor Chardale Murray

5150 Highway 165, Hollywood, SC 29449

843-889-3222

www.townofhollywood.org

Isle of Palms

Mayor Phillip L. Pounds

1207 Palm Blvd., Isle of Palms, SC 29451

843-252-5359 ppounds@iop.net

www.iop.net

Administrator: Desirée Fragoso desireef@iop.net

James Island

Mayor Bill Woolsey

1122 Dills Bluff Road, James Island, SC 29412

843-795-4141

mayorwoolsey@jamesislandsc.us

www.jamesislandsc.us

Planning Director: Kristen Crane kcrane@jamesislandsc.us

Jamestown

Mayor Roy P. Pipkin

7604 S.C. Highway 41, Jamestown, SC 29453 843-257-2233

Clerk to Council: Christine F. Pipkin

Kiawah Island

Mayor John D. Labriola

4475 Betsy Kerrison Parkway, Kiawah Island, SC 29455

843-768-9166

jlabriola@kiawahisland.org

www.kiawahisland.org

Building Official: Bruce D. Spicher

768-9166 ext. 122 bspicher@kiawahisland.org

Lincolnville

Mayor Enoch Dickerson III

141 W. Broad St., Lincolnville, SC 29485

843-873-3261

Clerk to Council: Andrea Bow

McClellanville

Mayor Rutledge B. Leland III

405 Pinckney St., McClellanville, SC 29458

843-887-3712

www.mcclellanvillesc.org

Town Administrator: Michelle A. McClellan mcclellanville@tds.net

Meggett

Mayor Harry V. “Buster” Herrington 4776 S.C. Highway 165, Meggett, SC 29449 843-889-3622

busterherrington@comcast.net

www.townofmeggettsc.org

Town Administrator: Stephanie Smith slsmith@townofmeggettsc.org

Moncks Corner

Mayor Michael A. Lockliear

118 Carolina Ave., Moncks Corner, SC 29461 843-719-7900

mike@batesinsg.com

www.monckscornersc.gov

Town Administrator: Jeffrey V. Lord 843-719-7910 jeff.lord@monckscornersc.gov

Mount Pleasant

Mayor Will Haynie

100 Ann Edwards Lane, Mt. Pleasant, SC 29464 843-884-8517 whaynie@tompsc.com

www.tompsc.com

Town Administrator: Eric DeMoura

North Charleston

Mayor R. Keith Summey

2500 City Hall Lane, North Charleston, SC 29406 843-554-5700

mayor@northcharleston.org www.northcharleston.org

Clerk to Council: Courtnay Heyward fieldsc@northcharleston.org

Ravenel

Mayor Stephen W. Tumbleston

5962 S.C. Highway 165, Ravenel, SC 29470 843-889-8732 stevetumbleston@gmail.com www.townofravenel.com

Planning and Zoning Administrator: Michael D. Hemmer 618-719-6556 mike-hammer@comcast.net

Reevesville

Mayor Paul Wimberly

6800 Johnston Ave., Reevesville, SC 29471 843-563-9122 pwimb@ntinet.com

Ridgeville

Mayor Clarence Hughes Jr. 105 School St., Ridgeville SC 29472 843-871-7960

meh.ridgevillemanor@gmail.com

Town Clerk/Treasurer: LeAnne Barwick ridgevilleclerk.treasurer@gmail.com

Rockville

Mayor Riley A. Bradham

P.O. Box 9, Wadmalaw Island, SC 29487 843-214-0539

rileybradham@att.net

www.townofrockville.com

Town Clerk: Colleen Key

St. George

Mayor Kevin R. Hart

305 Ridge St., St. George, SC 29477 843-563-3032

mayor@townofstgeorgesc.org

www.saintgeorgesc.org

Town Clerk: Annette L. Moore 843-563-7161

g.town@bellsouth.net

St. Stephen

Mayor John W. Rivers

124 Hood St., St. Stephen, SC 29479 843-567-3597

jrivers@townofststephen.com

Chief Building Official: Henry Jackson

Seabrook Island

Mayor John W. Gregg

2001 Seabrook Island Road, Seabrook Island, SC 29455 843-768-9121

jgregg@townofseabrookisland.org

www.townofseabrookisland.org

Town Administrator: Joe Cronin 843-768-9121

jcronin@townofseabrookisland.org

Sullivan’s Island

Mayor Patrick M. O’Neil 2056 Middle St., Sullivan’s Island, SC 29482 843-883-3198

oneilp@sullivansisland.sc.com

www.sullivansisland.sc.gov

Administrator: Andrew Benke 843-883-5726

abenke@sullivansisland.sc.gov

Summerville

Mayor Ricky Waring 200 S. Main St., Summerville, SC 29483 843-871-6000

rickywaring@summervillesc.gov

www.summervillesc.gov

Town Administrator: Lisa Wallace

lwallace@summervillesc.gov

www.charlestonbusiness.com | BUSINESS RESOURCES AND GOVERNMENT 63
64 INDEX | www.charlestonbusiness.com Index Real Estate ........................................................................................................ 6 Days on the market until sale .............................................................................................................................................. 8 Inventory of homes for sale in the Charleston region 8 Median sales price in the Charleston region .............................................................................................................. 10 New listings in the Charleston region ............................................................................................................................ 10 Industrial Buildings 12 Office submarket comparison 14 Architecture, Engineering and Construction ............................................. 16 Housing building permits for S.C. metro areas 18 Total construction costs by metro region .................................................................................................................... 18 Number of construction companies by county ........................................................................................................ 21 Average weekly wage for construction jobs by county 22 Mining, Logging, and Construction employment in Charleston-North Charleston MSA .................... 23 New private housing units authorized by building permits Charleston MSA, Jan. 2005 - June 2022 ............ 24 Charleston under Construction 25 Financial Services ......................................................................................... 28 Charleston area banks by county 30 All financial activity employment in Charleston-North Charleston MSA 30 If you make $45,000 a year in Charleston .................................................................................................................... 31 Accounting for S.C.’s finances ............................................................................................................................................ 32 Demographics and Economic Development......................................... ......34 Total passengers at Charleston International Airport ........................................................................................... 36 Population growth by county 38 Leisure and Hospitality employment in Charleston-North Charleston MSA 38 Per Capita Personal Income ............................................................................................................................................... 39 Education ........................................................................................................40 Enrollment analysis of technical colleges and research institutions .......................................................... 42 Annual college tuition costs 42 Charleston-area school districts ...................................................................................................................................... 43 The connection between education, earnings and job security .................................................................... 44 Total R&D Expenditures 44 Import, Export and Distribution ...................................................................46 South Carolina Ports Economic Impact 48 Distribution and logistics in South Carolina 48 Aerospace industry’s effect on S.C. exports............................................................................................................... 49 S.C. State Ports Authority fiscal year.............................................................................................................................. 50 Medical and Health Care ............................................................................... 52 Primary care physicians per capita ............................................................................................................................... 54 Opioid crisis in South Carolina 54 Business Resources and Government......................................................... 55 Business Assistance Organizations 56 S.C. Trade Associations 57 Legislative Representatives ...............................................................................................................................................60 County Governments.............................................................................................................................................................. 62 Regional Municipalities 63

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