2016 OCONEE COUNTY
TRENDS REPORT
Demographics | Cost of Living | Economy and Business | Transportation | Residential Real Estate | Education
Welcome MESSAGE FROM MR. ROBERT HALFACRE
CHAIRMAN OF THE BOARD
O
conee County has, once again, experienced a year of record economic growth. While this success, in part, can be attributed to the county’s ideal location, skilled workforce and exceptional quality of life, it is largely credited to the county’s commitment to creating a climate that fosters economic development and welcomes new business. Oconee County has become a place where businesses want to do business. We are proud to have welcomed so many new and vibrant companies to our wonderful community. Since 2012, Oconee County has won 25 projects resulting in $279.09 million dollars of capital investment and 1,100 new jobs. More people are working in our county than ever before. It’s worth noting that 69 percent of the last four years’ capital investment came from expansions – the businesses that are here are thriving and want to remain in Oconee County. We appreciate every project we win but these expansions really make us proud. While our county has experienced great success over the past four years, there is still work to be done. In order to grow and excel, we need to truly understand where we are, which is why the Oconee Economic Alliance has compiled this trends report. This report will serve as a snapshot of where the county stands regarding demographics, cost of living, economy and business, transportation, real estate and education. The Oconee Economic Alliance hopes to inform the community, and those that wish to join it, of the state of the local economy. The Oconee Economic Alliance is behind Oconee County’s efforts devoted to improving the quality of life for the county’s citizens and building a robust and healthy economy that is diversified and sustainable.
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TABLE OF
CONTENTS
Demographics..............................................4 Population Info............................................6 Cost of Living...............................................7 Economy and Business................................8 Transportation.............................................12 Residential Real Estate.................................13 Education.....................................................14 Signature Accomplishments........................15
Oconee Trends Report // 3
Demographics POPULATION CHANGE 2015 – 2025
+4% AGES
0-4
75,875 Oconee County population
AGES
+2%
-4%
5-19
31,189 Households
+139%
TOTAL POPULATION CHANGE
+3% AGES
20-39
AGES
40-64
$58,210 1,137,380 Average household income
-46%
GreenvilleSpartanburg-Anderson Combined Statistical Area (CSA) total population
AGES
65+
31,951 Housing units
632,000 Labor Shed
Source: ESRI Demographic and Comparison Profile
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OCONEE COUNTY
1.54% of South Carolina’s total population 6.53% of the population of the Greenville-Spartanburg-Anderson combined statistical area
DEGREE ATTAINMENT
82%
THE CITIZENS
45.1
of the population has a high school diploma or higher
21%
of the population has a bachelor’s degree or higher
8%
45.1
Median age
50.53% of the population is female
2.41
Average household size
of the population has a graduate degree or higher Source: ESRI Demographic Comparison Profile, EMSI Q2 2016 Data Set
Oconee Trends Report // 5
Population Info 64,349 WHITE
5,769 BLACK
POPULATION
3,701
MAKEUP
400,000
HISPANIC
1,435
Source: EMSI Q2 2016 Data Set
OTHER
621
300,000
ASIAN
POPULATION
GROWTH
PREDICTIONS
2000
2015
2020
2030
200,000
Oconee County’s population is predicted to increase by
34.6%
66,215 76,600 84,000 89,100
100,000
Greenwood
OCONEE
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Pickens
Florence
Anderson
Spartanburg
Charleston
0
Source: U.S. Census Bureau, S.C. Department of Health and Environmental Control, & S.C. Budget and Control Board, Office of Research and Statistics
Cost of Living As part of the Greenville-Anderson-Mauldin, South Carolina Metro area, Oconee County maintains a low cost of living that falls under the national average. Maintaining a low cost of living is vital to retaining a high quality of life while also serving as an important element when attracting new businesses and residents.
$176 Oconee County is included in this MSA U.S. AVERAGE: $100
$91
$91
Raleigh, NC Indianapolis, IN
$92 $95
Tampa, FL
GreenvilleAndersonMauldin, SC Metro
Â
$120 $116 $103 $110 $100 $96
$96
Austin, TX
Charlotte, NC Atlanta, GA
CharlestonNorth Charleston, SC
Denver, CO
Chicago, IL
Philadelphia, San PA Francisco, CA
Source: C2ER 2015 Annual Average, COLI – Upstate Q1 2016
Groceries
Housing
Transportation
Healthcare
Charleston/North Charleston
103.2
97.7
92.1
107.4
Greenville-Anderson-Mauldin
112.4
71.8
93.6
97.2
Hilton Head Island-Beaufort
108.7
112.5
98.5
108.3
Note: The U.S. average would be a score of 100. Subsequently, numbers higher than 100 are higher than the national average. Source: C2ER Cost of Living Index
Oconee Trends Report // 7
Economy and Business INDUSTRY DIVERSITY Economic diversity is important to maintaining a strong and stable economy. Having a diverse economy minimizes risks for employers and businesses while also promoting a balanced economy.
OCONEE LABOR SHED Government
Manufacturing
35,542
Retail Trade
Leisure and Hospitality
Healthcare and Social Assistance
Other Services
Construction
45,477
27,942 25,528
18,632
9,219 8,366
Professional, Scientific and Technical Services
Finance and Insurance
Management of Companies and Enterprises
1,342
Real Estate, Rental and Leasing
1,337
4,708 3,695
Source: EMSI Q2 2016 Data Set
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OCONEE COUNTY LOCAL ATAX COLLECTIONS $260,000
$247,017 $239,513
$240,000 $220,000 $200,000 $200,691 $180,000 $160,000
$166,534
$169,252
2011-2012
2012-2013
2013-2014
2014-2015
2015-2016
STATE ATAX COLLECTIONS (2015 VS. 2016) 1st Quarter
2nd Quarter
3st Quarter
Year to Date
8.6%
1.0%
26.0%
1.5%
Down
Up
Up
Up
Oconee Trends Report // 9
Economy and Business REGIONAL JOB
GROWTH BY COUNTY
ESTABLISHMENTS BY
EMPLOYMENT
2011-2016 76.3%
27.8%
1-9 EMPLOYEES
19.4%
10-49 EMPLOYEES
21.8%
2.9%
5,984
50-249 EMPLOYEES
0.7%
17.6%
250-499 EMPLOYEES
14.4%
TOTAL ESTABLISHMENTS IN OCONEE COUNTY
0.2%
500-999
13.6%
0.1%
10.5%
1,000+ EMPLOYEES
8.0% 5.5% 0.6% Laurens
Union
Spartanburg Greenville
Anderson
Oconee
Cherokee
Greenwood
Pickens
Abbeville
-0.6%
Sources: 2014 County Business Patterns, U.S. Census Bureau, EMSI, QCEW Employees 2011-2016
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OCCUPATION GROWTH 2016-2026 – 2016
– 2026
Percent Growth Production
Office and Administrative Support Sales and Related
0
1,000
2,000
Healthcare Practitioners and Technical
7% 10%
15%
6%
Education Training and Library
12%
Transportation and Material Moving
19%
9%
Personal Care and Service
Architecture and Engineering
2%
Construction and Extraction
–7%
Healthcare Support
Business and Financial Operations
5,000
9%
Management
4,000
10%
Food Preparation and Serving Related
Installation Maintenance and Repair
3,000
32%
22%
24%
Building and Grounds Cleaning and Maintenance
15%
Computer and Mathematical
21%
Protective Service
5%
Community and Social Service
18%
Arts Design Entertainment Sports and Media
11%
Life Physical and Social Science
–3%
Farming Fishing and Forestry
4%
Legal
9%
TOP EMPLOYERS as of October 2016
Duke Energy.......................................3038* School District of Oconee County... 1605* Oconee Memorial Hospital................1300* BorgWarner............................................828 Itron, Inc..................................................780 JTEKT/Koyo........................................... 600 Oconee County Government............. 450* U.S. Engine Valve...................................383 BASF........................................................354 Schneider Electric..................................352 Sandvik................................................... 315 Greenfield Industries............................ 300 Johnson Controls................................. 300 Lift Technologies, Inc........................... 205 Ulbrich Precision Flat Wire................... 134 *non-manufacturing
Source: EMSI
Oconee Trends Report // 11
Transportation Home Counties of Oconee County Workers 56.9%
PICKENS COUNTY 10.8%
8.9%
Work Destinations of Oconee County Residents 48.5%
11.3%
7.8%
Source: S.C. Appalachian Council of Governments (SCACOG)
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OCONEE COUNTY ANDERSON COUNTY
AVERAGE DAYS ON MARKET 2015
Residential Real Estate MEDIAN HOME SALE PRICE 2015
$239K $186K
161
153
GREENWOOD
COASTAL CAROLINAS
123
113
SPARTANBURG
PIEDMONT
CHARLESTON TRIDENT
BEAUFORT
$177K
GREATER GREENVILLE
$351K
GREENVILLE
103
97
WESTERN UPSTATE
BEAUFORT
$258K
GREATER GREENVILLE
CHARLESTON TRIDENT
Source: Multiple Listing Services (MLS)
$159K
OCONEE
$149K
PIEDMONT
$415K
SPARTANBURG
$354K
$470K YORK
WESTERN UPSTATE
$289K AIKEN
$381K
COLLETON
$139K
$126K
SPARTANBURG GREENWOOD Source: Multiple Listing Services (MLS)
2015 PROPERTY TAX COMPARISON Industrial property tax comparison for peer counties based on a $20 million investment
$531K
RICHLAND
LEXINGTON
61
COASTAL CAROLINAS
CHEROKEE
$353K
65
$165K
$402K SUMTER
$314K
BERKELEY
$390K
DORCHESTER Source: Aiken County Property Tax Comparison
Oconee Trends Report // 13
Education OCONEE COUNTY
CLASS OF 2016 $23,022,197 Scholarship dollars offered
707
Total graduates
29
65.4% of every tax
377
Palmetto Fellows recipients
dollar goes to schools
Life Scholarship recipients
END OF COURSE TESTS PERCENT OF TESTS WITH SCORES OF 70 OR ABOVE
AVERAGE ACT SCORE 2015
Our District
Districts with Students Like Ours
State
Â
Algebra 1/Math for the Technologies 2
85.8
85.8
85.7
English 1
76.1
74.6
Biology 1
80.3
US History and the Constitution All Subjects
District
State
Composite
17.9
17.9
75.1
English
16.6
16.5
79.7
77.8
Mathematics
18.1
18.1
70.7
66.9
69.1
Reading
18.4
18.3
78.5
76.9
77.3
Science
18.0
18.2
Source: Academic Achievement: School District of Oconee County
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Signature Accomplishments Top Economic Development Corporation in United States
The Oconee Economic Alliance was recognized as one of Global Trade Magazine’s “America’s Top EDCs” in their February/March 2016 issue.
Top Micropolitan in South Carolina
The Seneca micropolitan area, which encompasses all of Oconee County, was named the top performing micropolitan in South Carolina for the second consecutive year by Site Selection Magazine.
New Programs Launched
Destination Oconee Destination Oconee: Realizing the Future of Oconee County is a tourism based economic development strategy designed to showcase and build upon the natural assets of Oconee County. The goal of Destination Oconee is to drive initiatives that enhance the local economic climate while continuing to make the area one of the leading tourism destinations in South Carolina.
Made in Oconee The Made in Oconee initiative is an effort to tell the story and further the conversation of the manufacturing sector in Oconee County. This campaign is designed to celebrate what is made in Oconee and enhance the understanding of what makes Oconee County a great place to live, work, play and invest. NOW NOW, Nurturing Oconee’s Workforce, is a unique program designed to prepare Oconee students for tomorrow’s jobs. The NOW program was created in partnership with the School District of Oconee County to ensure students enter the workforce ready and marketable to employers. These students will graduate with an employment advantage. Think Oconee! Think Oconee! is a marketing campaign created to emphasize what makes Oconee County great, educate citizens on their global impact, localize spending and deepen connections within the community.
Momentum Continuing on Recruitment Front 2016 $89.97 million in investment
2012-2016 113 jobs
$279.09 million in capital investment
1,100 jobs
25
projects
Oconee Trends Report // 15
Oconee County Statement The Oconee Economic Alliance created this report to inform the community, and those that wish to join it, of the state of the local economy. Oconee County has experienced tremendous success in recent years and this report acts as a snapshot, letting us know where we are and where we can continue to grow and improve in the years to come. The data that was used to create this analysis came from multiple sources and was the most recent available. The Oconee Economic Alliance is behind Oconee County’s efforts devoted to improving the quality of life for the county’s citizens and building a robust and healthy economy that is both diversified and sustainable.
For more information about the Oconee Economic Alliance, please visit www.InvestOconeeSC.com or call 864.638.4210
Member List Advocates for Quality Development Agracel, Inc. Alliance Consulting Engineers AT&T BB&T Blue Ridge Bank Blue Ridge Electric Co-Op Bob Hill Realty Carlisle Associates, Inc. City of Seneca City of Westminster Davis & Floyd Duke Energy ECS Carolinas Edwards Auto Sales Field Insurance Agency First Citizens Bank Fitts & Goodwin F.O.L.K.S.
Fort Hill Natural Gas Authority Froehling & Robertson, Inc. Goodwyn Mills & Cawood Harper Corporation Haynsworth Sinkler Boyd P.A. Home Builders Association of Oconee Hogan Construction Group Human Technologies, Inc. J. Davis Construction Julian Davis/Allstate Insurance Mashburn Construction MB Kahn McCrory Construction McMillan Pazdan Smith NAI Earle Furman Oconee County Oconee Joint Regional Sewer Authority Oconee Memorial Hospital O’Neal Inc.
Phillips Staffing Print It! Richardson Construction Company Roebuck Buildings RSCT Architecture + Design S&ME School District of Oconee County Seamon Whiteside & Associates South State Bank Stancil Cooley Estep & Stamey, LLP TD Bank Technology Solutions Terracon Thomas & Hutton Thrift Brothers, Inc. Thrift Development Corporation THS Constructors Trehel Tri-County Technical College