South Carolina had the second-highest population growth rate among the 10 states with the largest increases from 2022-2023.
= 10,000 people
South Carolina saw the second-highest rate of population growth over the last year compared to every other state in the nation, results from an analysis of population figures by a travel website and Census data show.
With more than 89,000 new residents, South Carolina had the fourth-highest actual increase in population among the 10 states that saw the highest rate of growth from 2022 to 2023, the analysis found. South Carolina followed Arizona, Georgia and North Carolina in actual population increase. The analysis was conducted by The Travel, a web portal that features reviews, historic guides and other travel information for popular destinations across the world.
Southern states made up four of the 10 states with the highest growth rate with South Carolina, Georgia, North Carolina and Tennessee, respectively, seeing the highest growth rate in the nation.
South Carolina, with a population of nearly 5.4 million, has been on a growth trend over the last five years with the pandemic giving the Palmetto State a surge of new residents. Data from the Census Bureau show the state’s population increased by 4.2% last year compared to five years ago.
The Travel editors pointed out that the Palmetto State saw an influx of people in 2020 when the COVID pandemic shifted how people worked and where they lived. As more people began telecommuting and looking for less density, South Carolina was an attractive option.
Quality of life also figured heavily into the reasons people are moving to the state, including South Carolina’s nice weather, options for outdoor recreation and terrain for everyone, including mountains and beaches along with the Midlands in between. The state also has a relatively low cost of living compared to many areas of the country, the analysis said.
“The remarkably affordable housing market further solidifies South Carolina’s position as one of the most favored states to move to consistently year after year,” The Travel editors said.
Sources: U.S. Census Bureau, Tax Foundation, World Population Review, The Travel
Idaho, South Carolina and South Dakota saw the highest rate of population growth from 2022 to 2023. Each state has varying degrees of population and cost of living, but all three show a comparable state and local tax rate.
The state has a tax rate of 8.4% and a population density of 24 people per square mile. Idaho has a cost of living of 106.10, which is higher than the national average based on the data from the Council for Community and Economic Research.
The Palmetto State has a tax rate of 8.9% and a population density of 179 people per square mile. The state also has a cost of living below the national average at 96.5.
One of the least populated states, South Dakota has a population density of 12 people per square mile and a cost of living below the national average at 93.8. The state also has a tax rate of 10.7%, including state and local taxes.
Data from other states shows how Idaho, South Carolin and South Dakota compare on tax rate, population density and cost of living. New York, for example, has the highest state and local tax rate in the nation at 15.9%. The state with the highest population density is New Jersey with 1,259 people per square mile. For cost of living, Hawaii is the most expensive place to live. Hawaii comes in at 179 or 79 points above the national average for cost of living.
Sources: Council for Community and Economic Research, U.S. Census Bureau, Tax Foundation, World Population Review
“While working at Nephron, I witnessed how the life sciences industry in South Carolina impacts and saves lives throughout our country. Our state has become an emerging leader in this industry and should be celebrated..”
— Connor Watkins , SCbio’s first full-time marketing director
Charleston
Three area hospitals have been sold in a $2.4 billion deal to North Carolina-based Novant Health by the previous owner, Tenet Healthcare of Dallas, Texas.
e sale of East Cooper Medical Center in Mount Pleasant, Hilton Head Hospital in Hilton Head and Coastal Carolina Hospital in Hardeeville includes the associated physician clinics and other operations, according to a news release from Novant Health.
“We are beyond thrilled to welcome our new team members and grow our presence in South Carolina,” said Carl S. Armato, president and CEO, Novant Health, headquartered in Winston-Salem. “Novant Health’s long-term vision is to transform the health and wellness of these communities through expanded specialty services and clinical expertise.”
e East Cooper Medical Center includes 15 physician clinics. Hilton Head Hospital includes the Blu on Okatie Outpatient Center and 12 physician clinics. Coastal Carolina Hospital in Jasper County includes the Tidewatch Free-Standing Emergency Department in Blu on, according to the news release.
GSA
The Greenville design review board approved an expansive $4.5 million redevelopment project in West Greenville.
Mill Village Ministries’ more than 14,000-square-foot project at 1186 Pendleton St. is set to be the permanent home for its four social enterprises: Mill Village Farms, Village Wrench, Village Launch and Village Engage, said Mill Village Ministries Executive Director Dan Weidenbenner.
e space will integrate a full-service bike shop by Village Wrench, a Mill Village Farms’ FoodShare warehouse to facilitate the distribution of fresh fruits and vegetables across the county, dedicated training spaces for entrepreneurial classes through Village Launch, and nurturing spaces for youth leadership development programs. is building layout will unite all four enterprises under one roof to multiply the organization’s impact in the community, Weidenbenner said.
South Carolina’s Media Engine for Economic Growth
Donna Bischo , publisher SC Biz News dbischo @bridgetowermedia.com 843-804-6093
Jason Thomas, executive editor jthomas@scbiznews.com • 864-568-7570
Ross Norton, managing editor-content rnorton@scbiznews.com • 864-642-5229
Andrew Sprague, managing editor-production asprague@scbiznews.com • 843-628-4738
Krys Merryman, sta writer kmerryman@scbiznews.com • 864-640-4418
Steve McDaniel, editor Custom Publishing Division smcdaniel@scbiznews.com • 843.849.3121
Sales
Ryan Downing, director of sales rdowning@scbiznews.com • 864-867-1928
Amanda Alford, multimedia account executive aalford@bridgetowermedia.com • 843-849-3109
Shannon Pollard, multimedia account executive spollard@scbiznews.com • 843-804-6094
Tony Rossi, multimedia account executive trossi@scbiznews.com • 864-867-1920
Nova Molecular Technologies, a high-purity solvents manufacturer, is expanding its operations in Sumter County.
The company’s $23.75 million investment will create 20 new jobs, according to a news release from the South Carolina Department of Agriculture.
Since establishing its South Carolina operations in 2014, Nova has expanded to four Sumter County locations, including two production facilities, according to the release. The company later sold its Texas facility to concentrate manufacturing operations solely in South Carolina.
“Nova Molecular Technologies is constantly seeking innovative solutions
and technologies that align with our unwavering sustainability-first mindset and our mission to deliver exceptional value for our customers,” Nova Molecular Technologies CEO Chris Adams said in the release. “We are grateful for the partnership with Sumter Economic Development and support from our local and state government partners as it allows us to move into our next phase of expansion in Sumter that supports our long-term growth objectives. It also ignites opportunity to boost our employee base and benefit Sumter and the state of South Carolina.”
Nova’s latest expansion will add additional square footage to its existing facility located at 1123 Race Track Road, which will enable further development of the processes and technologies needed to meet growing customer needs, the release stated.
“Nova Molecular Technologies is creating high-tech, highly skilled jobs while working to support the agribusiness industry here and across the globe,” South Carolina Commissioner of Agriculture Hugh Weathers said in the release. “We celebrate their success as they announce this latest expansion.”
Founded in Texas in 1991, Nova is a leader in high-value solvent recovery technology, the release stated. The company’s Recover and Return model launched in 2017 and helps customers reduce their environmental impact by recovering chemicals that would otherwise be sent to waste disposal.
Nova also manufactures and markets chemicals that are used in the biopharma, analytical and agricultural markets, according to the release.
The expansion is expected to be complete by 2028.
Accounting ar@bridgetowermedia.com
Subscription Services service@bridgetowermedia.com • 877-615-9536
The Columbia Metropolitan Airport welcomed 1,234,487 million passengers in 2023 — inching closer to the highest number of passengers in over a decade that was reached in 2019.
With a 16% increase over 2022’s passenger tra c, which saw 1,063,630 passengers, the increase CAE experienced in 2023 was due in part to the addition of numerous routes and service on American Airlines and Delta Air Lines, according to an airport news release.
“Seeing a continuous increase of passenger tra c through the airport is going to be the ultimate indicator of the always forward, positive momentum we’re looking to maintain here at CAE,” said President and CEO Mike Gula in the news release. “ e number of individuals that choose to utilize our airport has a significant impact on our overall sustainability and future success.”
Last summer, American Airlines added a nonstop route from CAE to Chicago — a rst for American Airlines in the Columbia market, the release stated. Additionally, American Airlines added a nonstop ight from CAE to New York City’s LaGuardia Airport as well as
brought back its seasonal service from CAE to Miami. Delta Air Lines added a second nonstop ight from CAE to LaGuardia — o ering a morning and evening option to passengers.
“Having options of routes, carriers and ight times is crucial to travelers when looking to book a ight,” said Kim Jamieson, vice president of marketing and air service development, in the release. “ ese additional routes make a di erence in the decision
process and will impact a passenger’s choice to y out of CAE or another airport. We are thankful for this additional service for the region and look forward to seeing more service added in 2024.”
ber of food, beverage and retail spaces throughout the airport.
Last year, Samuel Adam’s Columbia Brewhouse, Jimmy John’s and Dunkin’ were added to the food court, replacing some of the longtime establishments, making way for national brands, according to the release. Opening Feb. 5 was another dining option, e Friendly Caterer To-Go. is eatery will be one located in the main lobby pre-security.
For retail, a multi-phased e ort started to renovate all three shops across the airport, the release stated. e new locations, ree Rivers Collection, Vista Trading (now open) and Explore Columbia will all be completed by winter 2024. In the main lobby, Avanti Market vending machines were installed — o ering grab-and-go snacks and travel essentials to passengers and the general public.
The work on an airport master plan started in the summer of 2023 that will provide an introspective look at the airport’s current facilities, amenities, capacity and more to determine how it can better meet the needs of travelers for the next 20 years, the release stated.
“We say it o en because it’s that import-
By Christina Lee Knauss
Contributing writer
Not many people can say they got to fly an F-16 on a Tuesday morning during the work week, but that was the experience some enjoyed on Jan. 30 at the State House.
A simulator providing a virtual experience of being in the cockpit of one of the South Carolina-built ghter jets was in the atrium of the South Carolina State House on Tuesday as part of a ceremony commemorating the 50th anniversary of the F-16.
e simulator featured an exact mockup of an F-16 cockpit and allowed participants the chance to experience take-o , landing, maneuvers and even to participate in a “dog ght” and shoot down enemies, led by two guides.
e event was held in conjunction with S.C. Manufacturing Day at the State House, sponsored by the South Carolina
Manufacturers Alliance.
Gov. Henry McMaster o ciated, reading a proclamation he presented to o cials from Lockheed Martin’s Greenville o ces and declaring Jan. 30 “F-16 Fighting Falcon Day” in South Carolina.
State o cials and members of the military were also present, including pilots who y F-16s for the 169th Fighter Wing, known as the Swamp Foxes, based at McEntire Joint National Guard Base in Hopkins. About 80 F-16s are also based at Shaw Air Force Base in Sumter with the 20th Fighter Wing.
“ e F-16 is a key piece of 21st century security, and by having them manufactured in Greenville we’re in the middle of security for the whole world,” McMaster said. “Lockheed Martin’s Greenville facility has a $100 million economic impact in South Carolina, and the company exempli es everything that makes this state a great place to do business.”
e event was held to commemorate the F-16’s rst ight on Jan. 20, 1974,
which actually occurred accidentally during a high-speed taxi test at Edwards Air Force Base in California. e plane’s rst o cial maiden ight took place on Feb. 2, 1974.
Lockheed Martin moved production of the F-16 to Greenville from Fort Worth, Texas, in 2019. e plant currently produces the F-16 Block 70, and is on track to deliver between 19 and 21 jets to Bahrain, Slovakia and Bulgaria this year, company o cials said. e Greenville plant currently employs 1,700 people, 25% of them veterans.
“South Carolina is one of the few remaining epicenters for defense manufacturing, and in today’s international climate having a working production line and supply chain for defense is crucial,” said Trish Pagan, vice president of the F-16 production program for Lockheed. “We are thankful for the steadfast support Lockheed Martin has received supporting our growth in South Carolina. Greenville is a national
security asset.”
About 3,100 F-16s are currently operating around the world, and since its beginning the jets have logged 13 million sorties and 19.5 million ight hours, according to Lockheed Martin statistics.
“At any moment day or night, there is a good chance an F-16 is in the air somewhere in the world,” Pagan said.
Currently seven Bulgarian F-16s are in various stages of production in Greenville, with the inaugural ight of the rst Bulgarian F-16 Block 70 planned for later this year. e production line in Greenville currently has a backlog of 135 of the ghter jets for customers around the world. Bulgaria is the second European country to purchase the F-16 Block 70, a er Slovakia. Slovakia’s rst two F-16 Block 70 jets successfully completed their inaugural ights in September 2023 at Lockheed’s Greenville facility, and the jets were successfully delivered this month. F-16s built in Greenville have also been purchased by Bahrain.
new organization has been launched to support small businesses and bring new life to vacant properties in Columbia.
Made with Cola Love is intended to provide a robust small business incubator program to equip entrepreneurs with the skills and support they need to succeed, a news release stated. e organization will also facilitate temporary “pop-up” shops for six to eight small businesses in vacant commercial real estate throughout Columbia.
“Our mission is to empower entrepreneurs and activate underutilized spaces to boost economic growth and community vibrancy,” said Nell Fuller, co-founder and executive director of Made with Cola Love, in the release.
e pop-up shops will feature a diverse range of retail, food and beverage, and lifestyle businesses, according to the release. Each business will operate a one-month pilot popup, creating a dynamic environment. Made with Cola Love will provide grants to the small business and landlord, operational support, and robust cross-promotion so the pop-up businesses can thrive.
e concept was inspired by the success of the pop-ups hosted by Cola Love this past year, from e Dal House, a Southern Pakistani concept, to collaborations with Dorsia Pasta, the Spice Dhaba, and many other vendors at collective activations like Community Table and e Little Lady, the release stated. e idea also borrows inspiration from San Francisco’s Vacant to Vibrant program.
“Styx Properties is proud to be one of the rst real estate developer partners with Cola
Love,” said Styx co-owner and Made with Cola Love co-founder Julie Tuttle in the release. “We’re eager to partner with other property owners committed to creating a vibrant, ourishing community through place-based activation and investment.”
e incubator program will o er workshops, mentorship, and tailored assistance on topics like marketing, nance, legal issues, and more based on the entrepreneurs’ needs. Experiential peer learning and
community feedback sessions aim to create an inclusive, collaborative environment.
“ is partnership allows the city to collaborate with experts to empower small businesses and local entrepreneurs to condently reach their next step — whether it be a brick and mortar location or operational expansion,” said Mayor Daniel Rickenmann in the release. “As women-owned businesses are rapidly expanding in Columbia, I am excited for this strong team of woman leaders to bring this program to life and help us build o the momentum we are experiencing.”
Made with Cola Love is launching with support from a grant from the Knight Foundation Fund at Central Carolina Community Foundation and the city of Columbia. e organization’s innovative model aims to upli diverse local businesses, activate underutilized spaces, foster community connections and stimulate economic growth.
Made with Cola Love will host a launch party from 6 to 9 p.m. Tuesday, Feb. 13, at Proof (2001 Greene St., Suite B) and is accepting applications from small businesses interested in joining the pop-up program. For more details email hello@madewithcolalove.org.
Turning Pages SC, a Columbia nonprofit dedicated to adult literacy, has named Lisa Cole as its executive director.
Serving as the Interim executive director since August 2022, Cole has played a pivotal role in revitalizing the organization and expanding its reach in the Midlands, a news release stated.
Cole’s journey with Turning Pages began as a board member in spring 2021 when she sought new ways to contribute to her community, the release stated. e nonpro t’s mission of improving literacy resonated with her, aligning with her passion for education and community development. While her academic background lies in business management and marketing, Cole’s hands-on experience spans education, nonpro ts, indie publishing and grassroots development, the release stated.
Joining Turning Pages during the pandemic presented unique challenges, the release stated. As interim executive director, Cole led the organization through a comprehensive overhaul, rebuilding its internal systems, website, curriculum, and training programs, while establishing crucial policies. is transformative period allowed for a fresh start, unburdened by past constraints, turning a 55-year-old dying nonpro t into a dynamic, forward-looking entity, the release stated.
Under Cole’s leadership, the organization achieved signicant milestones, including the development of a new strategic plan, an expansion of the board from ve to 15 members, acquisition of numerous grants, establishment of workshops, and forging of new partnerships with local agencies, according to the release. A notable accomplishment is the recruitment and training of over 50 volunteer tutors across Richland and Lexington Counties.
rough technology and AI integration, Turning Pages SC has also become a more mobile, cloud-based organization for its volunteers, the release stated. Automated processes have increased e ciency, allowing sta to focus on providing personalized support to tutors and learners.
Cole’s appointment as executive director re ects the board’s strategic goal set in October 2022 and a thorough subcommittee hiring process throughout 2023, culminating in the o cial o er in November 2023.
“We are thrilled to have Lisa Cole con-
tinue with us as the o cial Executive Director of Turning Pages SC,” said Kara Cieri, board chair, in the release. “She brings a wealth of experience and passion to the organization. Under her leadership, we are optimistic about realizing our vision: A world where anyone can move up and ahead through the power of reading.”
Looking ahead, Cole envisions Turning Pages SC becoming a statewide model for adult literacy, the release stated. e organization’s streamlined, metric-driven approach emphasizes e ciency, replicability, and sustainability. She aims to develop a support network for literacy councils across South Carolina.
Cole’s pride lies in the positive impact Turning Pages SC has had on the community, providing free tutoring and curriculum to adults with low literacy skills for over 55 years, the release stated. The organization’s commitment to literacy is evident in the success stories of learners, with one individual improving their reading score by nearly two grade levels in just 24 weeks.
In her role as executive director, Cole now aims to expand the organization’s capabilities, increase the number of learners served, and foster collaborations to further elevate literacy rates.
Dear Reader,
Welcome to the 2024 South Carolina Business Hall of Fame section. In partnership with Junior Achievement of Greater South Carolina, SC Biz News has published features of the winners of this prestigious award since 2016.
is year’s group, the 39th class since JA created the Hall of Fame in 1985, includes Bob Faith, founder and CEO of Greystar, a global rental real estate management company based in Charleston; Lynn Harton, President and CEO of United Community Bank based in Greenville; and David Pankau, chairman of the board and former CEO and president of BlueCross BlueShield of South Carolina based in Columbia.
ese business leaders will be featured at a gala on March 14 at the Pastides Alumni Center in Columbia, and all have made signi cant, lasting contributions to the Palmetto State’s economic growth and well-being. eir names will join a list that includes South Carolinians from as far back as the mid-18th century to the present: Pinckney, Milliken, Koger, Detyens, Seibels, Sweringen and Kahn, to name just a few.
Junior Achievement honors the best in business so that they can teach students across the Palmetto State the skills and mindsets to thrive in a
global economy. JA continues into its second century of proudly helping young people learn the foundations of entrepreneurship and business success. Every day, volunteers go into classrooms all across South Carolina teaching programs about nancial literacy, work readiness and entrepreneurship. rough this work, Junior Achievement is inspiring the next generation of business men and women in South Carolina.
SCBIZ magazine is honored to be a part of the celebration of the great entrepreneurs and leaders who helped build what is a thriving, diverse and progressive state economy. Please join us in learning about and celebrating their contributions.
Each year, the South Carolina Business Hall of Fame honors leaders chosen for their unique contributions to South Carolina’s business landscape, for being agents of positive change, for their leadership, and for being a source of inspiration to the leaders of tomorrow. e Business Hall of Fame is presented by BlueCross BlueShield of South Carolina and Junior Achievement of Greater South Carolina. e Laureates for 2024 are Bob Faith, Lynn Harton and David Pankau.
Bob Faith is founder, chairman and CEO of Greystar, a global company that invests in, develops and manages high-quality rental housing properties.
Under his leadership, Greystar has grown from a manager of 9,000 units in the United States through the acquisition of the company’s predecessor Greystone to managing and operating real estate with a value of over $290 billion in 247 markets globally throughout the United States, United Kingdom, Europe, Latin America and the Asia-Paci c region.
Today, Greystar is headquartered in Charleston and is the largest operator of apartments in the United States, managing more than 857,400 units/beds globally, with over $34 billion of assets under development. In 2020, Greystar was ranked as the 47th largest real estate investment manager in the world.
As CEO, Faith leads the Greystar Investment Committee, Executive Committee and Board of Directors. For three decades, he has maintained oversight over all aspects of Greystar, including organizational structure, strategic planning and company growth. He believes that the company’s commitment to its pillars of excellence, core values, evergreen business strategy and entrepreneurial spirit allows Greystar to mitigate market volatility while attracting and retaining the best talent in the industry and providing attractive career growth potential to all team members.
Following Harvard Business School, Faith began his real estate career with the Trammell Crow Company in 1986, ultimately becoming a partner in the Charlotte o ce. In 1991, he co-founded Starwood Capital Partners, a private investment company. In 1993, he founded Greystar Real Estate Partners in Houston. In
addition, he founded and served as CEO of Homegate Hospitality from 1996 to 1997. From 2002 through 2006, Bob served as the South Carolina Secretary of Commerce.
In 2023, Faith was recognized by Commercial Observer as one of the Most Powerful Players in Real Estate, ranking 10th on the Power 100 list, moving up from 28th in 2022. Since 2016, he has been consecutively listed as a Glassdoor Top CEO. He is a member of the National Multifamily Housing Council, the Pension Real Estate Association and the Young Presidents’ Association.
Faith received a bachelor’s degree in Petroleum Engineering from the University of Oklahoma and an MBA from Harvard.
Focus on what matters most. We’ll help with the rest. That’s the Benefit of Blue®.
David Pankau is chairman of the board and former president and CEO of BlueCross BlueShield of South Carolina. He took over his current role upon retirement a er 12 years as president and CEO in 2022.
Pankau has more than 35 years of leadership experience. In 1993, after serving as a Medicaid program manager within the South Carolina Department of Health and Human Services, he joined BlueCross’ Government Programs division as a manager and director of Medicare operations. During his tenure, he served in a number of leadership roles, including vice president of operations and chief operating officer for the company’s HMO subsidiary. He also served as senior vice president over national accounts and the Major Group division, president of the Commercial Business division, and chief operating officer for BlueCross. In 2010, he was named president and CEO, where he served for 12 years.
During his time with BlueCross, Pankau helped to grow the organization to be the state’s largest health plan, serving 40 million beneficiaries/customers across the United States and employing more than 16,000 individuals. He holds a bachelor’s degree from Eastern Illinois University and a master’s degree in public health from the University of South Carolina. Pankau served on the board of directors of Midlands Business Leadership Group, Palmetto Business Forum and the National Institute for Health Care Management. He has also served on BlueCross BlueShield’s board of directors since 2010.
Pankau is married to another USC alum – the former Jennifer Lynn Du-
Lynn Harton serves as president, Chief Executive O cer and chairman of the Board of United Community Banks Inc. and serves as president and Chief Executive O cer of the company’s $17.8 billion subsidiary bank, United Community Bank.
He has more than 30 years of experience in the banking industry, with expertise in commercial banking, risk management, and turnarounds and change management. Prior to joining United Community Banks in 2012, Harton was executive vice president and Head of Commercial Banking-South for TD Bank. Prior to joining TD Bank, Harton was president and CEO at e South Financial Group, which was sold to TD Bank. He also has held various executive positions at Regions Financial Corp., Union Planters Corp. and BB&T.
Harton earned his bachelor’s degree from Wake Forest University and has participated in various executive programs at Duke University, Wharton, Columbia, Northwestern, University of North Carolina and University of South Carolina.
He has previously served as a member of the RMA National Community Bank Council and the RMA Board of Directors. He also has served on a number of additional nancial boards and committees throughout his career, including the Palmetto Business Forum, RMA National Credit Risk Council, CBA National Small Business Banking Committee, and the Equifax Small Business Financial Exchange.
Harton and United Community Bank focus on “staying small” in the way they approach banking. Known as “ e Bank that Service Built,” United has been rated Highest in Customer Satisfaction for Retail Banking in the Southeast by JD Power
Mont, who earned a master’s degree from the Department of Health Promotion, Education, and Behavior. She has worked for the BlueCross BlueShield of South Carolina Foundation, which supports health care-related research, education, and service in the Palmetto State.
In addition to spending time with his wife and two sons, Pankau also likes to restore old cars. He has a 1969 Camaro and a 1974 Dodge Challenger that occupy some of his free time.
Pankau is active with many regional charitable organizations, including Junior Achievement, Transitions Homeless Center, St. Lawrence Place, Healthy Learners and United Way of the Midlands.
for eight of the past nine years and currently holds the second highest Net Promoter Score out of the top 100 publicly traded banks in the nation, according to JD Power.
Harton lives in Greenville with his wife, Flavia, and has served on a number of community boards, including the Greenville County Museum of Art, Artisphere and e Peace Center for the Performing Arts, of which he is currently serving as the chairman of the Board.
Harton was recently awarded the Order of the Palmetto by Gov. Henry McMaster. e award is the state’s highest civilian honor for outstanding service to the state and outstanding achievements.
South Carolina Council on Competitiveness
Years in the logistics industry: 15
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome it? e biggest supply chain challenge we have in South Carolina is ensuring we have enough people interested in and trained to work in supply chain jobs all over the state. We need to make sure that students in K-12 and beyond know about the rewarding career opportunities in the supply chain and are motivated to join the profession.
What emerging technology has been most bene cial to the logistics industry, and why? Many logistics companies have prioritized improvements in data availability, processing, and visibility which is a major enabling factor that will help justify or maximize many other innovative solutions. AMRs (automated mobile robotics) have become more a ordable and widely used, they are especially helpful for their exibility. Looking forward, I am very optimistic about the applications for AI in clerical and administrative tasks in the logistics industry.
How did the COVID-19 pandemic change the logistics industry for the better? Many stakeholders across companies that were not aware of the importance of logistics in their business have had their eyes opened, and hopefully will stay collaborative to support interdepartmental alignment.
How can South Carolina’s logistics industry become more sustainable? We need to work together across public and private to support the scaling of solutions that have the best results, while continuing to encourage testing technologies that have a lower readiness level.
Finish this sentence: In the next ve years, South Carolina’s logistics industry will… be a prosperous example of what is possible when you have strong collaboration between private companies, academic institutions, non-pro ts, and government.
Years in the logistics industry: 9
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome it (in general)? e biggest challenge facing the supply chain in South Carolina is data silos between supply chain partners. While not unique to South Carolina, this issue is particularly important to South Carolina as we are experiencing signi cant growth. Being able to sustain this growth is going to rely on scaling systems, processes, and standards to meet customers’ growing demand for real-time information and transparency.
What emerging technology has been most bene cial to the logistics industry, and why? Data Science. It’s helping organizations in the logistics industry unlock problems and opportunities that were previously hidden and/or buried in tremendous amounts of confusing data. Applied Data Science is ultimately about pattern recognition – which allows logistics teams and companies to make more informed decisions quickly, to double down and reward speci c inputs/best practices and helps them invest time and resource more intelligently while mitigating risk.
How did the COVID-19 pandemic change the logistics industry for the better?
It catalyzed positive change within the logistics industry by highlighting long-overlooked areas for investment and improvement. e crisis underscored the critical role of logistics workers—unsung heroes who kept the global supply chain operational despite outdated tools and systems. ese new investments and attention to these problems have expedited supply chain modernization signi cantly.
Finish this sentence: In the next ve years, South Carolina’s logistics industry will…continue to grow and modernize with further investment. South Carolina is a great place to live and do business, and it’s full of good hardworking people. Companies worldwide are continuing to recognize this. My hope is that in ve years South Carolina can be a model for the rest of the nation of how all the stakeholders involved in the logistics industry can work together to drive our economy forward.
Years in the logistics industry: 6
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome it? If I had to single out a key aspect, it would be workforce shortages. A shortage of employees at each level can create congestion and delays which in turn drive up costs. ere are many ways to tackle this, such as government and policy support, but we can start with Investing in training and apprenticeship programs and promoting career pathways.
What emerging technology has been most bene cial to the logistics industry, and why?
I believe that logistics providers investing in so ware, either a transportation or warehouse management system, has been the most bene cial. Utilizing a system allows the industry to limit the number of errors which amounts to an increase in dollars and cents.
How did the COVID-19 pandemic change the logistics industry for the better?
e pandemic provided an opportunity for the logistics industry to embrace technology, not just from a communication aspect, but also a visibility aspect. We saw more customers requesting and requiring visibility to their commodity, whether that was facilitated via so ware or by tracking via GPS. Having con dence and trust in your supplier to provide insight to your product with the limited ability for person to person activity was key.
How can South Carolina’s logistics industry become more sustainable?
One option would be the implementation of more technology, whether this entails data analytics and tracking systems or so ware to implement routing optimization. Utilizing the data from the industry can drive a more e cient future.
Finish this sentence: In the next ve years, South Carolina’s logistics industry will…cement its position as a major East Coast hub. is will be possible due to our outstanding ports and strategic locations.
Years in the logistics industry: 20+
What emerging technology has been most bene cial to the logistics industry, and why? Autonomous Mobile Robotics (AMR) has helped improve productivity and is becoming more a ordable, which has been particularly bene cial as companies are facing challenges from workforce shortages. Computer Vision Technology is also helping to improve quality in the logistics industry. In Supply Chain Management, 80% of energy goes into addressing 20% of exceptions. In the next decade, Arti cial Intelligence properly harnessed will lead to predictive supply chains and increase in proactive decision-making, leading to higher levels of e ciency and resilience.
How did the COVID-19 pandemic change the logistics industry for the better? e COVID-19 pandemic forced companies, countries, and the logistics industry to take strategic and tactical steps to become more resilient by minimizing VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) in their supply chains. It motivated improvement initiatives from supplier diversi cation, o shoring vs nearshoring, automation, disaster recovery plans, remote working, omni channel sales, to safety. But, most importantly it helped people outside of the industry to understand what supply chains are and to recognize how valuable truck drivers, warehouse workers, and all the people who work in logistics are to our society.
How can South Carolina’s logistics industry become more sustainable? Focusing on reducing the amount of single use plastics and expanding our options for reusable containers are important ways to help make our supply chains more sustainable. Extending inland port network through rail to the heartland states will signi cantly reduce carbon emissions for inbound and outbound supply chains. With the state’s strong research universities, manufacturing community, and ability to form collaborative partnerships to achieve a common goal, it wouldn’t be surprising to see South Carolina emerge as a leader in sustainability.
Inc.
Years in the logistics industry: 3
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome it? e biggest challenge facing the supply chain in South Carolina is in my opinion the current and future labor shortage. e demand for skilled and reliable truck drivers or warehouse workers o en outpaces the available workforce. Especially as the industry within the state is growing rapidly with all the recent announcements of companies investing in the great State of South Carolina.
What emerging technology has been most bene cial to the logistics industry, and why?
Some of the key technologies include: blockchain; Internet of ings (IoT); AI; autonomous vehicles; robotics and automation; augmented reality; predictive analysis; and cloud computing. e integration of these technologies has collectively contributed to a more agile, responsive, and e cient logistics industry. Companies that embrace these innovations o en experience improved customer satisfaction, reduced costs, and increased competitiveness in the rapidly evolving global market. It’s important to note that the landscape of emerging technologies is dynamic, and ongoing developments may introduce new advancements to further enhance logistics capabilities.
Finish this sentence: In the next ve years, South Carolina’s logistics industry will… … likely undergo a transformative evolution marked by increased sustainability initiatives, heightened technological integration, and a continued focus on enhancing supply chain resilience. e industry is expected to embrace innovative practices to address emerging challenges, such as workforce shortages and the imperative to reduce environmental impact. With advancements in automation, digitalization, and green logistics, South Carolina’s logistics sector may emerge as a model for e ciency, sustainability, and adaptability, contributing to the state’s economic growth and global competitiveness.
Years in the logistics industry: 20+
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome? A competitive labor landscape is one of the biggest challenges the transportation industry faces. Many companies face challenges hiring and retaining quali ed drivers. e entry barrier is getting tougher for CDL drivers, therefore pushing these candidates to other professions. Insurance requirements and premiums, along with the government regulatory policies, is making it tough for businesses to hire drivers. e labor issue doesn’t stop with drivers: there is a need for customer service reps, dispatchers, clerks, operations managers, etc. To help solve this issue, it takes all companies working together to promote our industry. It’s a grassroots e ort that will create the most change, in addition to getting in front of high school kids and young adults, educating them on the many positions in the industries, and highlighting lucrative salaries that can quickly be achieved.
What emerging technology has been most bene cial to the logistics industry, and why? Real-time visibility is a game changer. GPS tracking/geo-fencing, driver-facing apps, customer-facing portals, the list goes on. Real-time visibility allows transportation companies and their customers to make well-informed decisions with accurate information. is leads to e ciencies and cost savings, along with many other bene ts, such as route planning, customer service, proactive problem solving, inventory management, and security.
How did the COVID-19 pandemic change the logistics industry for the better? COVID highlighted the critical role that transportation and logistics plays in our life. It also helped promote and encourage careers in an industry that normally was looked down upon. While there were many challenges in the industry, I believe many companies learned how to better protect their supply chains and prepare them for unprecedented events in the future.
Years in the logistics industry: 25
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome it? When challenges arise around the world — geopolitical factors, weather events, and cybersecurity threats, to name a few — it can all a ect the local supply chain. For example, vessels are currently waiting to transit the Panama Canal due to a drought, and shipping lines are re-routing vessels away from the Suez Canal to avoid potential attacks. Both examples result in cargo delays to ports, so when it does arrive, it needs to move quickly. From SC Ports’ perspective, we must o er the capacity and e cient operations to ensure velocity of cargo through our terminals to customers and consumers. To keep our supply chain uid, we need to continue investing in infrastructure, technology, and quali ed workforces to facilitate the ow of goods and services.
What emerging technology has been most bene cial to the logistics industry, and why? API integration is starting to take hold in the industry. Unlike traditional messaging, APIs allow for more e cient, near real-time exchange of key data and cargo events. Customers are seeking real-time updates on their cargo to include estimated arrival and unloading events to changes in availability status. Data sharing is essential for further e ciency in the supply chain.
How can South Carolina’s logistics industry become more sustainable?
I think it starts by identifying challenges and opportunities and being prepared to adapt. We all need to have discussions on potential challenges, feasibility, and realistic approaches, for big and small businesses alike. Ultimately, it should be a collective e ort to solve how we e ciently deliver goods and services, while being environmentally responsible, creating diverse work forces, and making a positive impact on our communities.
Finish this sentence: In the next ve years, South Carolina’s logistics industry will…be resilient and expanding.
Years in the logistics industry: 23
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome it? I think the biggest issue in South Carolina’s supply chain is the challenge for the ports to stay both relative, cost e ective, and e cient. ey’re competing against all kinds of di erent ports up and down the eastern seaboard for that type of revenue owing from Europe and other countries as an import. To be relevant, e cient and cost e ective, you have to be competing against a bunch of other ports in Georgia, North Carolina, and Virginia. And without that revenue coming in, it’s harder to attract that warehousing business to South Carolina.
What emerging technology has been most bene cial to the logistics industry, and why? e biggest thing that we have seen is the emergence of AI and how it has made our jobs easier – not just on the operational side, but for our sales, marketing, and other support teams. e ability to generate content to market to manufacturers has gotten signi cantly more convenient and cost-e ective. AI has also been useful in generating things such as contracts for our customers, BOLs and other documents for operational level tasks, and assisting in notetaking for meetings companywide.
How did the COVID-19 pandemic change the logistics industry for the better? When the supply chain got disrupted, we saw a ton of growth in inventory and more products being pushed back to the U.S. e cost of containers went through the roof and they had to start thinking of di erent solutions on their supply chain solutions. We had a customer at one of our facilities who had to source all their raw materials from overseas because they couldn’t source in America during COVID, which required a new warehouse close to a port to store all the goods. e decision was either: do all of that at a much higher cost or lose the business to a competitor who was storing more goods. at time has switched the way manufacturers utilize their supply chain where they actually have more inventory on hand.
Pegasus Global Logistics
Years in the logistics industry: 32
What emerging technology has been most bene cial to the logistics industry, and why? e most bene cial tech is ERP so ware platforms that allow businesses to run their entire company from one platform and have visibility to all aspects of their business.
How did the COVID-19 pandemic change the logistics industry for the better? e pandemic changed logistics by making companies more aware of risk mitigation and having a exible supply chain. e pandemic also forced companies to invest more time and resources in implementing more e ective procurement practices and choosing the best logistics partners.
How can South Carolina’s logistics industry become more sustainable? e rst step in becoming more sustainable is being able to measure your impact on the environment (upstream and downstream). e next step is to implement a plan to reduce the overall carbon footprint.
Finish this sentence: In the next ve years, South Carolina’s logistics industry will…need to become more innovative to match the needs of the high tech, manufacturing, aerospace, automotive, and life science industries. e leaders in SC logistics will also have to work very closely with the state, county, and municipalities to ensure that critical infrastructure investments are always being initiated at least ve years ahead of the need.
Years in the logistics industry: 12
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome it? e biggest challenge facing the industry is overcapacity. During the pandemic-fueled mania of goods buying and supply chain congestion, the industry saw over-investment in capacity (trucks, ships, warehouses, etc).
e industry is now right-sizing since demand has normalized. e remaining problem is that the pendulum is swinging too far, and capacity is tightening beyond what is needed. To overcome it, companies that depend on transportation providers should consider the e ect that a race to the bottom on rates will have on capacity and service levels.
What emerging technology has been most bene cial to the logistics industry, and why? Although it’s certainly no longer an emerging technology – the telephone – seriously. e logistics industry, despite being a global industry that touches every consumer, is actually quite small, relationship driven and complex. For a product to move from point A to point B, two things must work – the physical movement of that product must be unencumbered and the data needed to move that product must similarly move smoothly. However, due to the complexity of both the physical movement and the data ow of a shipment, things o en go wrong. Amazingly, a simple phone call is still the best, albeit not o en enough used, solution which surprisingly still beats some of the most advanced tech o erings.
How did the COVID-19 pandemic change the logistics industry for the better? e pandemic and ensuing goods buying spree that the U.S. consumer embarked on drove a surge in cargo volumes and thus congestion throughout the supply chain. is forced companies to consider what risks they could a ect versus what was out of their control. is intentional assessment of supply chains has dramatically improved resiliency to the point where small issues no longer become big ones as o en as in the past.
Rhino Medical Supply Inc.
Years in the logistics industry: 4
What is the biggest challenge facing the supply chain in South Carolina, and how can we overcome it? e biggest issue for South Carolina’s supply chain is its vulnerability to unexpected global events. Just like the rest of the world, South Carolina has felt the impact of major disruptions, such as the COVID-19 pandemic. Despite learning a lot in the past four years, these lessons aren’t being used enough. Building resilient supply chains by diversifying suppliers and logistic partners and developing contingency plans can help mitigate the impact of disruptions. Utilizing local sourcing where possible can help rely less on global supply chains.
What emerging technology has been most bene cial to the logistics industry, and why? Arti cial Intelligence (AI) is already making big changes in how di erent businesses work, and it’s doing the same in logistics. Looking ahead, It’s going to make things like planning and managing inventory much smarter and more accurate. In short, AI is not just improving how logistics works now; it’s shaping a whole new, more e cient future for the industry.
How did the COVID-19 pandemic change the logistics industry for the better? During the COVID-19 pandemic, businesses started getting more involved in their own logistics to make sure they got what they needed on time. is change led them to work with new, o en local, logistics companies and helped them understand how logistics really works.
Having more options for logistics partners created a competitive environment, which made the whole process more open and honest.
Finish this sentence: In the next ve years, South Carolina’s logistics industry will… become more tech-driven and eco-friendly, with a strong focus on prioritizing local supply chains for greater e ciency and community support.
President and CEO Maritime Association of South Carolina Years in the logistics industry: 10
What is the biggest challenge facing the supply chain in SC and how can we overcome it? Logistics is over a $48 billion in current economic impact in South Carolina and continues to grow –almost 7.5% increase in total employment according to the latest research by Dr. Joey Von Nessen and SC Logistics. is increase in employment is both a challenge and a blessing. We must continue to focus on recruiting and retaining skilled workers within the supply chain. MASC currently works with the schools on apprenticeship programs, internships, and industry eld trips to prepare the next generation of workforce.
What emerging technology has been most bene cial to the logistics industry and why? Cybersecurity and arti cial intelligence will be the next big change for the industry. Transparency and resilience will continue to be customers’ priorities and the industry itself will demand it. ere are several companies leading the logistics industry with technology and truly succeeding at it.
For example, Gnosis Freight in Charleston has been able to provide ocean freight customers cost avoidance by providing end-to-end supply chain visibility and automation solutions with expert execution. Technology and logistics will need to move hand in hand towards the future. Customers no longer want to just see their data; they want to be able to actually utilize it.
How did COVID-19 pandemic change the logistics industry for the better? e pandemic forced businesses to take a hard look at their processes and costs. It forced companies to be more exible and diversi ed in their supply chain planning. Coming out on the other side of the pandemic, I believe that the supply chain and maritime industry is in a much better place of knowing how to adapt quickly to what they need and what their customers require.
AmoveBuddha study showed that South Carolina was the most popular state to move to in 2023, continuing its influx of migration hot streak.
e report shows that the Palmetto State had a moving in-to-out ratio of 2.1, meaning more than twice as many people searched for moves into the state than out of it.
Other South Carolina highlights from the study include:
• SC also earned the highest net searches from movers per capita of all the states.
• Four South Carolina cities were among the top 25 most popular cities to move to in 2023, including No. 2 Myrtle Beach and No. 5 Summerville.
• States known for a ordability and boasting mountain terrains saw major interest from movers, including South Carolina, Montana, North Carolina, Colorado, Tennessee, and Maine.
Overall, the South dominated the list of top 25 most popular cities to move to in 2023.
Surveys continue to show that reasonable housing prices and the overall low cost of living in South Carolina are a big part of the reason people are moving here, said Hannah Hopewell, South Carolina Chamber of Commerce membership and communications manager.
“People are moving to the state for the low taxes, warm weather, a good quality of life and reasonable housing prices,” Hopewell added. “Many are also attracted to the jobs that are being created in our economy.”
South Carolina Gov. Henry McMaster recently announced that 14,000 new jobs were added to South Carolina’s economy in 2023. is is on top of the 14,000 jobs that were added in 2022, she said.
“Companies are moving jobs to South Carolina in record numbers,” said Hopewell. “Many of those moving here will join our workforce and help to ll those new jobs and existing jobs that are currently un lled. Our population growth is a major attraction for companies looking to move to the Southeast.”
Population growth represents economic opportunity, not just for those moving to the state but also for those who are already here. It is important to do the right things — such as investing in the workforce and infrastructure — to maintain that growth, she added.
“Population growth creates econom-
ic opportunity for people and companies who are already here by expanding the economy in which we live,” said Hopewell. “ e newcomers buy houses, insurance products, food and other goods and services that are produced here. ey help ll the jobs that make our companies successful. Some are entrepreneurs who will put people to work. ey contribute to the tax base that funds public services at the local and state levels, which helps to keep taxes low.”
Nick Kremydas, CEO of South Carolina Realtors, agreed that South Carolina o ers a quality of life that not many other states can provide — and it’s that quality of life that makes South Carolina so attractive, he said.
“Our elected leaders have done a great job of making South Carolina a strong economic force in the U.S. and the world, attracting jobs, and creating opportunities for our citizens and communities,” said Kremydas. “‘Jobs need a home to sleep in at night,’ as homebuilders like to say.”
Various studies con rm that Americans are moving less than ever before. According to a data analysis by the National Association of Realtors, the U.S. moving rate has declined overall in the past six years.
For people still moving, remote work may continue to be a factor in location-independent Americans’ searches, the study
revealed.
e rate of remote work in U.S. households is the lowest it’s been since the pandemic started, according to the U.S. Census Bureau. But the rate is still much higher than it was in pre-pandemic times.
Freedom from the o ce may still enable Americans to broaden their searches for states and cities with a high quality of life, a reasonable cost of living, and where they think they can thrive in 2023 and beyond, no matter what, according to the study.
So, how does the in ux of movers a ect residents and the housing market in South Carolina?
“To better understand the impact on the real estate market today, we have to review the recession of 2008,” said Kremydas.
South Carolina’s population has grown at a steady pace since the recession in 2008, he said. While the recession led to better underwriting and overall lending practices and corrected what was an overheated real estate market, he added, it also had the e ect of wiping out many of the local homebuilders in the state and across the country.
“As a result, we’ve experienced more than a decade of historically low building levels, especially in the single-family housing market,” Kremydas said. “Why is this important? Because for the last 12 years, South Carolina has been one of the fastest growing states. e results
of this imbalance have played out in the marketplace (especially since the onset of the pandemic) with escalating prices and extremely limited inventory.”
Home prices in South Carolina have increased by almost 50% since 2020, he said. “Great news if you’re a homeowner, not so great if you’re buying. Middle-class South Carolinians have been struggling to a ord to live close to their work, which is made even tougher in today’s environment when you also add in higher interest rates, which are now thankfully on the decline.”
e state still needs supply to catch up with the demand for home prices to stabilize, Kremydas added.
“I think we’re quite a few years away from that, as it will take some time to make up for a decade of underbuilding,” he said. “In our fastest growing metros, there are a few that condemn growth and development and actively strive to limit or stop growth through moratoriums, taxes, fees, etc. But Realtors want to see South Carolina grow responsibly, ensuring our communities have the infrastructure, schools, open space, economic growth, etc. they need to continue to be so attractive and provide a great quality of life. It can be done. Policies to slow or stop growth generally will exacerbate the problems we already have. Again, when you arti cially shrink supply, prices will go up, disproportionately a ecting working class South Carolinians and those families aspiring to homeownership.”
Rockaway Athletic Club, an icon of Columbia’s bar and restaurant scene for more than 40 years, has closed its doors for good.
e bar and restaurant, located at 2719 Rosewood Drive, was purchased by Columbia real estate developers Cason Development Group as of Jan. 16.
On social media, representatives of Cason said they plan to make “initial exterior improvements” to the building.
“We are hoping that someone can resurrect either that business or something very similar to it,” a post read. “We are working with a local group, and want it to be something that meets the needs of the two neighborhoods on either side of it, Rosewood and Shandon.”
e previous owners of Rockaway Athletic Club and the former restaurant’s manager were not available for comment.
According to posts on social media, plans originally were to keep the bar open until Sunday, Jan. 21, but so many people came out to say their goodbyes and show support that food and supplies ran out and the doors shut, e ective ursday,
Jan. 18. Hundreds of people had posted on its Facebook page by ursday a ernoon, many leaving comments about years of memories at the venue, including several who had met their future spouses there.
“For over 40 years, we have had the pleasure of serving you and now we look forward to being on the other side of a bar,” the owners wrote on Facebook. “We are excited to see what Cason Development Group does with this location in Columbia’s coolest Micro Urban district. Cheers to all!”
Rockaway Athletic Club was started in 1982 by original owners and brothers the late Paul Whitlark and Forrest Whitlark.
e venue was famous for its no-frills approach and decor — the building never in its history had a sign on it and was located in a plain brick industrial style building on the corner of Rosewood Drive and Howard Street, its windows shaded by black shutters.
Rockaway’s laid-back atmosphere drew a wide variety of people, both locals and out-of-towners who visited a er hearing about its famous hamburgers and other dishes. It was the kind of place that people who had moved away always made sure to visit when they returned to Columbia.
Customers loved to belly up to the long bar, known as the Palmetto Liquor Library, which o ered what owners claimed was one of the largest selections of liquors in the Southeast.
It was the rare bar and restaurant that was just as well known for its food as it was for the drinks. Rockaway’s menu o ered a wide selection of sandwiches and other fare, but it was best known for its hamburgers, especially a pimento cheeseburger which gained rave write-ups in many national food publications. In 2021 Food and Wine named the pimento burger the best hamburger in South Carolina.
e pimento cheese fries were equally well loved.
Rockaway also le an important stamp on the Rosewood community because the original owners were instrumental in launching local events like the Rosewood Craw sh Festival and Art & Music Festival, which have since been taken over by the Greater Rosewood Merchants Association.
e original building burned in 2002, an event which caused headlines in local and regional media because the place was so beloved by thousands of current and former customers, many of whom discov-
ered it while students at the University of South Carolina or while stationed at Fort Jackson. Rockaway reopened in 2004.
e cavernous but comfortable interior o ered something for everyone, from TVs positioned everywhere for watching sports to arcade games like Skee-Ball. Eclectic signature decor included a vintage Zoltan the Fortuneteller machine near the entrance. e Wednesday night trivia games drew crowds of dedicated players every week.
Rockaway Athletic Club is just the latest iconic Columbia venue to close or change locations. e drumbeat of losses to the city’s signature bar community started in 2020 with the pandemic-fueled closing of Yesterday’s Restaurant & Tavern in nearby Five Points, which had been open since 1978. e Whig, an iconic underground dive bar located at the corner of Main and Gervais, closed in late 2022 a er 17 years a er the building it was in was purchased to become a boutique hotel.
New Brookland Tavern, a popular music club located along State Street in West Columbia since the 1990s le its original location in fall 2023 and moved to a new location on Harden Street in Five Points.
Work resumed in January at the massive future site of Scout Motors’ electric vehicle plant in Blythewood after a hiatus of more than three months.
Construction of the new plant halted in September a er concerns were raised over the project’s environmental impact, particularly to area wetlands.
e U.S. Army Corps of Engineers issued the permit to resume work. To get the permit, Scout Motors o cials agreed to preserve wetlands in other areas of the state, including 4,800 acres at the Congaree River Tract and 143 acres at the Shelton Island Tract along the Broad River in Faireld County. Scout o cials also agreed to work to restore streams around the state as an o set for the e ects the Blythewood construction is having on surrounding wetlands in northeast Richland County.
A company spokesperson released a statement a er the go-ahead to begin work was given on Jan. 12.
“Scout Motors would like to thank our partners at the federal, state and local level in South Carolina for their e orts and multi-jurisdictional teamwork to obtain the wetlands permit necessary for our future production center,” the statement read. “With this permit now in hand, we are excited to continue moving forward with our plans to construct a state-of-theart facility in South Carolina. … We will
continue to provide regular updates and information to our local community in Blythewood as our operations progress.”
Local and state o cials were happy to see work on the project get a green light once again.
“We are grati ed that the permit has been issued, and we anticipate that work at the site will resume shortly,” said South Carolina Secretary of Commerce Harry Lightsey and Richland County Ecnomic Development Director Je Ruble in a joint
statement.
In March 2023, the Virginia-based electric vehicle manufacturer announced a $2 billion investment in Richland County to establish manufacturing operations in Blythewood to make all-electric trucks and rugged SUVs. Construction had been ongoing at Scout’s 1,100-acre site o in the southeastern quadrant of Richland County’s industrial park o Interstate 77, and company o cials hope to begin production by the end of 2026. e plant is
expected to create an estimated 4,000 jobs.
In November, Scout Motors opened its rst regional o ces in Columbia’s BullStreet District.
Originally produced by International Harvester from 1960 to 1980, Scout was the world’s rst utility vehicle suitable for both o -road and standard urban travel. Now owned by Volkswagen, the brand is being relaunched to produce vehicles in tune with the worldwide growing EV industry.
Changes are coming to the Columbia Metropolitan Airport. e airport has begun work on a multi-year airport master plan project that will ultimately yield an introspective look at the airport’s current facilities, amenities and overall capacity to determine how it can better meet the needs of travelers for the next 20 years, according to a news release.
“Airport Master Plans provide a needed roadmap of sorts for future growth and development,” said President and CEO Mike Gula in the release. “From this plan, we will be able to determine a comprehensive properties list, coupled with realistic timelines to implement projects that will grow this airport over the next two decades.”
Guiding CAE through this rigorous process is engineering firm, Mead & Hunt, whose aviation planning division specializes in developing airport master plans, the release stated. Mead & Hunt has led numerous master planning projects at airports of all sizes across the United States, working col-
laboratively with airport owners and their local communities.
“We couldn’t be more excited to be
working with CAE to discover what opportunities are yet untapped for future growth and enhancement of the passenger experience,” said Mead & Hunt’s project manager, Stephanie Ward, in the release. “We can’t wait to see what rises to the top as we work together to uncover where CAE’s interests as well as what’s most important to the air travelers and the community intersect and how CAE will plan to grow for the future.”
As part of the full airport master plan team, Mead & Hunt partnered with local marketing, communications and strategy company, DESA, the release stated. In December 2023, DESA collected traveler data through in-person surveys for multiple days across the terminal. roughout the year, a number of in-terminal survey collections will occur to ensure a diverse spectrum of responses, as well as traveler demographics are reached and considered. Additionally, community and online fact nding will continue throughout the airport master plan process.
Aformer Nephron Pharmaceuticals communications professional takes reins as first fulltime marketing director to lead efforts to support the surging South Carolina life sciences industry.
Following a thorough search that considered marketing and communications professionals from across the region, SCbio named Connor Watkins as its first full-time marketing director, effective on Jan. 1, according to a news release.
At Nephron Pharmaceuticals, a worldwide leader in production of generic respiratory and 503B outsourcing medications, ophthalmic and injectable medications, and employer of more than 1,200 associates, Watkins led corporate events, community partnerships and sponsorships, and supported corporate communications initiatives for the West Columbia-based manufacturer.
While at Nephron, which is a founding partner of SCbio, Watkins directed the production of corporate events, wrote and distributed corporate communications to state and national media, and created content for internal and external executive communications while working directly for Nephron CEO Lou Kennedy, a three-time chair of the SCbio board of directors and currently serves on the organization’s Fidu-
ciary and Operations Committee.
Prior to joining Nephron in 2021, Watkins, a graduate of the University of South Carolina with a B.A. in Journalism and Mass Communication, as well as a graduate of Leadership Lexington County, served as multimedia strategist for the Lexington Chamber and Visitors Center, developing and implementing communications and marketing programs for the 800-member association. While with the Lexington Chamber, Watkins was honored with multiple awards for communications excellence by the Carolinas Association of Chamber of Commerce Executives.
“SCbio and South Carolina life sciences are excited to welcome Connor to help lead and tell the story of this dynamic and forward-looking industry, and to help our hundreds of life sciences companies and thousands of employees and innovators continue to grow and prosper,” said SCbio CEO James Chappell. “Competition for the position was extremely strong, but we felt that his experience in life sciences coupled with his broad marketing and communications background were the precise mix we sought as we continue to build, advance and grow the industry here in South Carolina and sought to identify our first-ever full-time marketing director for the organization. We believe he will be a strong leader to lead SCbio marketing into the future.”
Watkins succeeds SCbio’s part-time marketing director for the past six years,
Sam Patrick, who is closing his chapter on his marketing consultancy, Patrick Marketing & Communications, after 15 years, the release said.
South Carolina life sciences today is a $25.7 billion annual industry and growing faster than in any other Southeastern state. SCbio is South Carolina’s investor-driven economic development organization exclusively focused on building, advancing, and growing the life sciences industry in the state. The industry has more than 1,000 firms directly involved in the research, development, and commercialization of innovative health care, medical devices, industrial, environmental and agricultural biotechnology products. South Carolina Gov. Henry McMaster has made life sciences a top state priority to continue to grow and expand the industry in the Palmetto State, the release said.
“While working at Nephron, I witnessed how the life sciences industry in South Carolina impacts and saves lives throughout our country,” said Watkins. “Our state has become an emerging leader in this industry and should be celebrated. I am excited to join the SCbio team and continue its great work in growing the life sciences industry.”
Since 2017, SCbio has seen its visibility skyrocket, its membership ranks soar, and its revenues grow by more than 400%, implemented a strong economic development focus, and serves as the voice of the life sciences industry.
SCbio has implemented multifaceted workforce development and entrepreneurship initiatives, created ongoing programs to encourage participation by women in life sciences, actively supports diversity-equity-inclusion initiatives and encourages student participation in the industry.
The first week of February marked a new era in the ever-changing story of Columbia’s first homegrown boutique hotel.
On Feb. 3, the owners of Hotel Trundle at 1224 Taylor St. in downtown Columbia welcomed the rst guests through the doors of the Flutter Wing, a new ve-room semi-private section of the hotel which o ers an added dimension to the Trundle boutique experience.
While the Flutter Wing is already open for business, the o cial ribbon-cutting is slated for 3 p.m. Feb. 28, with a reception to follow.
When owners Rita Patel and Marcus Munse rst opened the hotel in 2018, their goal was to o er a one-of-a-kind experience for guests, housing them in the heart of downtown Columbia in 41 rooms done in a unique, art-deco style that pushes far beyond the cookie-cutter decor found in many chain hotels. Hotel Trundle quickly took o in popularity and consistently has won local, regional and national awards, including repeatedly being named one of the
Top 10 Best Historic Hotels in the United States by readers of USA Today. e owners’ goal was always to o er a good downtown experience to as many di erent types of travelers as possible, and when they learned that many people were
looking for a more private guest experience, Patel and Munse came up with the idea for the Flutter Wing, which gets its name from a butter y-themed mural in the main hotel.
“We’d seen high demand for the Unicorn Suite in the original Trundle which is ideal
for weddings and other groups traveling together,” Patel said in an interview with SC Biz News. “ e Flutter Wing allows us to provide another like that with a more private feel. It can serve not only the typical hotel guests but also those who want a semi-private feel. Our rst guests to check in to Flutter were a group of VIPs who needed an upscale private space, so this is an option for those traveling with an entourage or requiring a place where a group can all stay together. It’s another great accommodation choice for people coming to Columbia.”
e Flutter Wing is housed in a renovated building at 1542 Main St. which housed a wide variety of retail businesses in the past, ranging from Du e’s Bookstore (18681912) to other stores like Marilyn’s Slipper Shop, a shoe store and the last tenant, Darling Beauty Salon, a business whose name carries on in the Darling Suite, Flutter’s large suite with views overlooking Main Street.
Like the 41 rooms in the original Trundle, Flutter’s decor has been carefully and lovingly curated by Patel, who said she found much of the artwork, vases and other knickknacks at vintage stores around the Columbia area.
Ranked by number of guest rooms
Because
space constraints, sometimes only the top-ranked companies are published in the print
Patel readily says that her two sons are her primary inspirations for much of the creative aspect of Trundle’s new ventures.
e color scheme throughout Flutter Wing combines subtle jewel and earth tones inspired by rocks, crystals and geodes found on rock-hunting trips Patel has taken recently with her sons.
“My boys are 7 and 9 and typical boys –they love sports, worms, lizards, all of those things,” she said. “In the summer of 2023, my goal was to nd something I could do with them so I could connect more with them.
ey love crystals and prehistoric things like dinosaurs so we leaned into that – we went looking for crystals at locations in Greenville and one north of Charlotte, and we also went looking for shark’s teeth near Charleston and Savannah. And as a result, you can see that I drew inspiration from that in the textures in the draperies, patterns and textures in the rugs and material used in the headboards.
ere are color patterns and striations like we found in the rocks and crystals.”
Once Flutter Wing guests check in at Trundle’s main desk, they receive keys to the wing’s private entrance which leads up to the ve rooms, accessible by stairs or elevator. e wing’s central corridor opens onto a private exterior patio decorated with string lights and outdoor furniture, and guests will also have access to dedicated parking spots.
Guests have access to a shared co ee bar with locally sourced co ee and teas, as well as a separate closet that o ers extra pillows, blankets and other items they can access
without having to check in at the main desk. Each room is equipped with mini retro-style refrigerators and microwaves.
Flutter Wing’s opening marks the second new Trundle innovation in the past six months. On Sept. 22, 2023, Munse and Patel opened the rst component of e Dens, two duplexes in Columbia’s Cottontown area which o er guests a completely private stay. Once again their sons’ in uence played a part in the project – e Dens’ two units are named Honeybee and Cutie Pie, two nicknames Patel has used for them over the years.
“It really is amazing – my boys really are
Walt Fletcher is now a team leader in Weston & Sampson’s Columbia and North Charleston o ces. He brings more than 20 years of experience in the study, design, permitting, bidding and construction of water and wastewater projects with a focus on pumping and conveyance systems. A retired U.S. Air Force o cer, Fletcher earned his Bachelor of Arts in chemistry from e Citadel and his Master of Civil Engineering from North Carolina State University. He is a registered professional engineer in South Carolina.
Benedict College has appointed J. David Bratton as its artist-in-residence and director of choirs. In his role,
inal Trundle, as well as the Flutter Wing, is seeing increased interest from corporate and university clients as well, along with government workers and attorneys.
Trundle’s owners came up through Columbia’s local business community, and they have continued to support that community through all three ventures. Local vendors supply everything from artwork on the walls to beer and co ee served in the lobby. Local and regional companies created the bed frames, the mattresses and even the pillows. A local candlemaker created a signature candle for use in the Flutter Wing, and a local T-shirt maker provides hats and T-shirts in the hotel’s “swag line.”
“Working with local businesses provides such a di erent style of service – if you can go local, go local,” Patel said. “ e Columbia area has pretty much everything you could need.”
my muses and an inspiration for so much of what I do,” she said.
Honeybee is a one-bedroom space while Cutie Pie is a three-bedroom, twobath space which has proved so popular that a third unit located across from it will also have the same measurements and be called the Sugar Baby.
Both new ventures are designed to provide Trundle o erings for the ever-changing variety of travelers coming to Columbia. Patel said e Dens has proved especially popular with families, many of them in town to visit USC or attend a game, as well as corporate clients. e orig-
Flutter Wing’s take o is also allowing Patel and Munse a chance to re ect on the success they’ve had since they rst came up with the dream of launching a boutique hotel in 2016.
“Marcus and I re ected recently that we have changed our lives in a very short amount of time,” she said. “ at alone is really impressive to me and it really is the American dream. We have created a great space. We’re part of our community, we have a family, and we also have the resources to do things for the community and to travel. At this point, we’re happy to be able to look forward to the next thing we want to do with Hotel Trundle.”
Bratton leads the Benedict College Concert Choir, the Benedict College Gospel Choir, the jazz chorus, and the combined choirs. With a career spanning over four decades, his accolades include multiple Dove Award nominations and a Grammy, which he received as a musician with Hezekiah Walker and the Love Fellowship Crusade Choir. Bratton served as choir director at Virginia Union University and wrote the song “One Virginia,” performed at the governor’s inauguration and under consideration as Virginia’s new state song. In addition, he has worked with e Brooklyn Tabernacle Choir, e Greater Allen Cathedral, and Zoe Ministries of New York. Bratton earned a Master of Divinity from the Samuel Proctor School of eology.
David Ward is now a shareholder in Bauknight Pietras & Stormer. In addition to directing the rm’s audit and assurance practice, Ward is a lead audit professional on the rm’s property and casualty insurance team. Ward is a member of captive insurance associations in South Carolina, North Carolina and Vermont. His clientele also includes energy infrastructure, construction and distribution companies as well as associations, nonpro ts and employee bene t plans. Ward earned a Bachelor of Business Administration-Accounting and a Master of Accountancy from the University of South Carolina. He is a member of the American Institute of Certi ed Public Accountants and South Carolina Association of Certi ed Public Accountants.
At LRADAC, Eric D. Eaddy is the new vice president of administration. Prior to LRADAC, Eaddy worked in the health care, retail, insurance and transportation
service industries as director of guest services and transportation at Atrium Health in Charlotte and as the Southeastern regional compliance manager for Walmart. He has a Bachelor of Science in business administration from Cla in University and a Master of Health Care Administration from Webster University.
Attorney Tabitha Davidson has joined Robinson Gray as an associate. She practices in the area of worker compensation law, working primarily with
member Grady Beard. Davidson graduated summa cum laude from Harding University with a bachelor’s degree in English. She received her juris doctor from the University of South Carolina School of Law, placing in the top 15% of her class. A er graduation, she lived in Israel, where she worked with the DLA Piper as a client development associate. While in law school, Davidson served as senior research editor on the South Carolina Law Review and was founder and president of the Jewish Law Students Association. She received CALI awards in the areas of federal courts and draing business agreements, and made the Dean’s List three times.
e National Homelessness Law Center has given its Pro Bono Award to Baker Donelson in recognition of the rm’s advocacy for America’s homeless population. Kat Statman accepted the award for the rm. e Pro Bono Award honors a partner who exempli es the center’s commitment to ending and preventing homelessness. In April, the rm was recognized with the American Bar Association Section of Litigation’s 2023 John Minor Wisdom Public Service and Professionalism Award. Baker Donelson was one of the rst law rms in the Southeast to create a pro bono committee and designate a pro bono shareholder.
Jake ompson has joined Collins & Lacy’s Columbia o ce as an associate in
the retail and hospitality practice group. He served as an intern in Sen. Lindsey Graham’s o ce and worked as a law clerk at rms in Florence and Columbia. Most recently, ompson served as an associate attorney for a Lexington law rm. ompson received his undergraduate degree in history from e University of the South-Sewanee and his law degree from the University of South Carolina School of Law.
In Columbia, Cherno Newman has promoted Catherine Ramirez to senior public relations manager and Elizabeth Yarborough to associate social media director. In 2023, Cherno Newman received seven statewide industry awards for its work in issues management, public relations, social media and integrated campaigns.
Cyberwoven’s account and marketing teams have new members. Ashley Card, account manager, worked as the project manager for Invigorate Solutions; she has degrees in psychology and dance from the College of Charleston and a Master of Arts in digital media studies from Regent University Chris Giesting, account manager, worked as the direc-
tor of operations at e Players Club; he is a graduate of the University of Norte Dame’s Mendoza College of Business, where he earned his Bachelor of Business Administration, and the University of South Carolina’s Darla Moore School of Business, where he earned his bachelor’s degree. Emily Martin, marketing and communications coordinator, has worked for several digital marketing agencies as a project manager and a graphic designer ; previously, she worked for Heritage Brands.
United Way of the Midlands’ new board members are Katy Bair, credit team leader and senior vice president at Truist; Jennifer Gugliotti, assistant vice president and head of corporate brand and reputation at Unum; Angela Jenkins, vice president at Prisma Health; Ben Rex, CEO at Cyberwoven; Richard Slater, senior vice president of sales and marketing at Southeastern Freight Lines; and Deonna Wylie, Realtor at DW Empires of Excel Real Estate.
Scott Graves, private business division president at BlueCross BlueShield of South Carolina, is this year’s board chair. Brittany Owen, principal at Elliott Davis, is vice chair and nominating and governance committee chair. Kevin Lindler, senior vice president and regional business exec-
utive at First Citizens Bank, is secretary/ treasurer and finance committee chair. Rounding out the executive committee are Tim Arnold, human resources and compensation committee chair; Roslyn Clark Artis, immediate past chair; Bair, campaign committee co-chair; Tanya Butts, audit chair; Baron R. Davis, racial, equity and inclusion chair; Calvin H. Elam, Campaign for Good co-chair; J. R. Green, campaign co-chair; Liz McCary, communications chair; Nicole B. Scott, community impact committee chair; and omas Tafel, education council chair.
e four new Liberty Fellows from the Midlands are Dominik Mjartan, president and CEO, Optus Bank; Aparna Polavarapu, associate professor, University of South Carolina School of Law, and executive director and founder, South Carolina Restorative Justice Initiative; Seema Shrivastava-Patel, chair, South Carolina Department of Health and Environmental Control; and Sarah Simmons, founder and CEO, City Grit Hospitality Group.
William Taylor, founder of Madelyn Tech, was recently named to the National Small Business Association leadership council. Taylor joined the council as part of his e orts to tackle the critical issues facing small business, including tax reform, regulatory restraint, healthcare costs, and how access to capital will impact small business.
St. Pat’s in Five Points, one of the largest St. Patrick’s Day celebrations in the Southeast, has announced the lineup for its 42nd event, set for Saturday, March 1,6 in Columbia.
“St. Pat’s in Five Points has been a cornerstone celebration in the Columbia community for more than four decades,” said Heather McDonald, executive director of the Five Points Association, in a news release. “As we unveil this year’s lineup, we’re thrilled to feature an array of genres that showcase emerging talents alongside established artists, re ecting our commitment to providing a diverse and dynamic musical experience.”
Last year, St. Pat’s in Five Points drew about 35,000 attendees with more than 35% traveling from outside of Columbia, spanning more than 2,000 zip codes and 30-plus countries. e festival brings in $12.6 million to the city of Columbia and Richland County, according to statistics compiled by
the FIve Points Association.
More than 40 local, regional and national acts will perform across multiple stages and venues, including headliners Lawrence, e War and Treaty, Futurebirds, Sister Hazel and Conner Smith. is lineup is the most extensive in the festival’s history, according to the release. Columbia-based recording artist, producer, entrepreneur and hip-hop activist Master Splnta aka Fatrat Da Czar will return as the host.
Lawrence, an eight-piece soul-pop band that infuses funk, R&B and rock elements, was founded by New York City-raised siblings Clyde and Gracie Lawrence, who have been cra ing songs together since childhood.
e War and Treaty, a husband-and-wife duo featuring Michael Trotter Jr. and Tanya Trotter that blends blues, country and rock, gained recognition while headlining their own shows and opening for music legends such as Al Green, Brandi Carlile, Jason Isbell, John Legend, Lauren Daigle and Van Morrison.
Futurebirds, an Athens, Ga.-based band established in 2008, has gained acclaim for their energetic live performances and distinctive fusion of indie rock, country and psych-rock.
Sister Hazel, from Gainesville, Fla., rose to fame with their 1997 hit “All for You,” which catapulted their second album to platinum status. e band has since expanded into country music, with four consecutive Billboard Top Country Albums and an appearance on the Grand Ole Opry stage.
Conner Smith is a Nashville-born country singer-songwriter. His full-length debut album, “Smoky Mountains,” featuring “Take it Slow” and “Creek Will Rise” is set for release on Jan. 26.
Additional performers include rapper and singer Paul Russell; indie hip-hop duo Little Stranger, reggae act e Original Wailers, long-time Southeastern pop and rock favorites Spider Monkey, Alabama-based rock band e Stews, indie rock band Mo Lowda & e Humble, North Carolina alt pop band e Collection, Asheville-based
brass funk rock band Empire Strikes Brass, Nashville-based bounty artist Zach, Georgia-based duo Hotel Fiction, indie-bluegrass artists Happy Landing, retro band Jive Talk, South Carolina country artists Shelby Raye, Columbia-based punk band Brandy and the Butcher, Clemson-based rock band DAZR, Charleston’s indie rock Homemade Haircuts and Drew Dixon, a Nashville-based musician from Columbia.
Multiple venues in Five Points will also feature live performances.
“We’re excited about the variety and caliber of musical artists performing at St. Pat’s in Five Points,” said Stephanie Melora Bailey, president of the Five Points Association Board, in the release. “With co-headliners Lawrence, e War and Treaty, Futurebirds, Sister Hazel and Conner Smith this year’s lineup represents what happens when talent meets passion, and embodies our commitment to creating a festival experience that has something for everyone.”
Tickets to the festival can be purchased online at StPatsColumbia.com.
Most economists expect the economy to slow in the first half of 2024 and some still anticipate a recession in the months ahead. That appears to be an increasingly unlikely scenario.
e economy closed out last year on a strong note and that strength appears to be carrying over into January. Consumer con dence has soared in the past two months.
e stock market has reached a new record high level. Homebuilders are enthusiastic as mortgage rates have fallen. Housing a ordability will jump sharply as the year progresses. e weekly data for initial unemployment claims (layo s) suggests that employment likely rose a solid 160,000 in January and the unemployment rate remained near a 50-year low of 3.7%.
e Fed has kept the funds rate at 5.5% for now, but market rates – the mortgage rate in particular — have fallen by more than a percentage point in the past two months. As the in ation rate continues to subside, it is just a matter of time before the Fed begins a protracted easing cycle.
Economic headwinds are soon to become tailwinds. e economic slowdown, in our opinion, is history. Expect 1.8% GDP growth in the fourth quarter of last year to be followed by steady 1.5% gains in the rst two quarters of 2024.
Consumer sentiment is on the rise. It has risen 28% in the December/January period as consumers expect to see reduced in ation, continuing job gains, steady GDP growth, and lower interest rates as the year progresses. It is now at its highest level since July 2021.
Part of the gain in consumer sentiment is almost certainly associated with the stock market climbing to a record high level in mid-January.
Homebuilder con dence jumped 10 points in the December/January period and now stands at 44. e surge in condence was fueled by a decline in mortgage rates from a peak of 7.8% in October to their current level of 6.6% on their way to 6.25% by yearend. is gain in builder con dence is almost certain to translate into a further increase in housing starts as the year progresses.
On the demand side of the housing market the drop in mortgage rates is going to signi cantly boost housing a ordability as the year progresses.
In October the housing a ordability index hit bottom at 91 which means that a potential home buyer had 9% less income than required to purchase a
median-priced home. But with the drop in mortgage rates and a likely decline in home prices as builders increase the supply of homes, that median-income family should have 25% more money than required to purchase a median-priced home by the end of this year.
e required down payment and the monthly payments should fall sharply as the year progresses and provide considerable stimulus to the housing market.
In the labor market, initial unemployment claims — a measure of layo s — has been steady through mid-January which suggests that payroll employment will likely rise by about 160,000 in that month. If at the same time earnings increase steadily, consumer income will continue to climb which will provide the fuel for additional gains in consumer spending.
Given declines in the money supply in the past year, the excess liquidity in the economy — which fueled the run-up in in ation for the past couple of years — should disappear entirely by spring.
at, in turn, suggests that the core in ation rate should drop from 3.9% currently to perhaps 3.1% by yearend.
Against this background the Fed will almost certainly begin a lengthy easing cycle by summer. We expect the funds rate to fall from 5.5% currently to 4.75% by yearend, but then continue to slide toward the 2.5% mark during the course of 2025 and into 2026.
e combo of rising consumer condence, a record level of stock prices, a sharp jump in housing a ordability, steady job gains and rising wages, reduced in ation, and the beginning of a protracted cycle of lower interest rates is not a recipe for a slowdown in the pace of economic activity. Accordingly, we have raised our forecast for the rst half of the year from 0.7% to 1.5%.
From 1980 until 2003, when he retired, Stephen Slifer served as chief U.S. economist for Lehman Brothers in New York City, directing the firm’s U.S. economics group along with being responsible for forecasts and analysis of the U.S. economy. He has written two books on using economic indicators to forecast financial moves and previously served as a senior economist at the Board of Governors of the Federal Reserve in Washington, D.C. Slifer can be reached at www.numbernomics.com.
The South Carolina Port Directory is designed to provide South Carolina Port customers a concise guide to contacting service providers.
As a reader, you’ll want to keep and refer back to this comprehensive publication throughout the year.
As an advertiser, you’ll get the powerful visibility within the port community that only the South Carolina State Ports Authority can offer.
Don’t miss this opportunity to have your company stand out and get noticed!
Publication Date: May 31, 2024 |
Advertising Deadline: May 1, 2024
To reserve your space, contact Amanda Alford at 843-849-3109 or aalford@bridgetowermedia.com