2009 Market Facts by SC Biz News

COMMERCIAL REAL ESTATE

FINANCIAL SERVICES

DEMOGRAPHICS

EMPLOYMENT & ECONOMIC DEVELOPMENT

EDUCATION

2009 MARKET FACTS

SPONSORS

Trident Health System Life is a gift. Live it well.®

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T John Snowden Vice president of the Division of Continuing Education and Economic Development at Trident Technical College

rident Technical College’s Division of Continuing Education and

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2 2009 Market Facts | www.charlestonbusines s.com

OUR SECTION

SPONSORS Real Estate

Financial Services

TABLE OF

CONTENTS

Demographics The MarshallWalker.com G r oup

4.....................................Real Estate

50......... Import/Export & Distribution

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

56................... Hospitality & Tourism

30..............................Demographics

66..................Medical & Health Care

36............................. Employment & Economic Development

74.................... Business Resources

42.....................................Education

82.................................Government

Employment & Economic Development

Education

Hospitality & Tourism

Medical & Health Care

Business Resources

Government

www.charlestonbusiness.com | 2009 Market Facts

REAL ESTATE

R E A L E S TAT E

Real Estate he Charleston region continues to feel the effects of a national downturn in home sales, home prices and an increase in inventory in residential and commercial property. Several indicators during the first half of 2009 showed the market is starting to slowly bounce back, particularly in residential real estate, but the frequent announcements of large-scale developments that characterized the early part of the decade are gone. Realtors across the area attributed the positive numbers to burgeoning inventory, falling prices, lower interest rates and a firsttime homebuyer credit from the federal government. Residential real estate sales figures in the Charleston area increased for two second consecutive months in May and June, with total sales up 8% and median sale price up 3%, according to numbers from the Charleston Trident Area of Realtors. Commercial real estate firm Grubb & Ellis WRS, formerly Grubb & Ellis Barkley Fraser, reported a drop in second-quarter industrial vacancy rates for the Charleston region, indicating a possible turnaround in the commercial sector. The rate dropped from 13.8% to 12.4% in the second quarter, the company reported. “Landlords continue to offer incentives in order to attract new tenants or to keep their existing tenants,” the report said. “Even so, few companies are taking advantage of the lower rates by locking in long-term leases; instead, they continue to hedge by seeking short-term leases.”

This section is sponsored by:

4 2009 Market Facts | www.charlestonbusiness.com

Industrial Market Snapshot* – Charleston Region – First Quarter 2009 ........6 Office Market Snapshot* – Charleston Region – First Quarter 2009 ........6 2008 Year-End Office Market Report – Charleston ....................................................6 2008 Year-End Office Market Report – Columbia ......................................................7 2008 Year-End Office Market Report – Greenville .....................................................7 2008 Year-End Office Market Comparison .....8 2008 Year-End Industrial Market Report – Charleston ....................................................9 2008 Year-End Industrial Market Report – Greenville .....................................................9 2008 Year-End Retail Market Office Report – Charleston ..................................................10 2008 Year-End Retail Market Office Report – Columbia ....................................................11 2008 Year-End Retail Market Office Report – Greenville ...................................................11 2008 Year-End Retail Market Office Comparison ......................................12 Industrial Buildings .....................................13 Charleston Region Residential Units Sold ....18 Charleston Region Residential Units Average Sale Price......................................18 Construction Cost Comparison 2009 ..........19 Top 10 Subdivisions – Charleston Region ....19 Charleston Apartment Market .....................20 Charleston Region MLS Statistics 2008-09 ......................................20 Single-Family Permits and New Home Sales Comparison ....................21 Charleston Region Home Permits ................21 Charleston Region New Home Sales ...........22 Charleston Region Home Resales................23

© MMVI Sotheby’s International Realty Affiliates, Inc. All Rights Reserved. The Yellow House©, Van Gogh Museum/Superstock,Inc.,used with permission. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated.

Daniel Ravenel Sotheby’s International Realty 33 Broad Street Charleston, SC 29401 t 843.723.7150 DanielRavenelSIR.com

R E A L E S TAT E

REAL ESTATE

Industrial Market Snapshot* – Charleston Region – First Quarter 2009 By Submarket (All Property Types) Berkeley Downtown East Cooper/Clements Ferry North Charleston Summerville West Ashley Totals

Net Absorption Total SF (1) 6,718,590 2,810,406 3,974,250 17,249,000 5,802,077 764,460 37,318,783

Vacant SF (2) 450,215 193,860 1,066,105 1,847,876 1,444,395 139,423 5,141,874

Vacancy Rate 6.7% 6.9% 26.8% 10.7% 24.9% 18.2% 13.8%

Current Qtr. 129,710 4,810 -145,774 -10624 4,000 -17,878

Year To Date 129,710 4,810 -145774 -10624 4,000 -17,878

Under Const. SF (3) 60,292 70,000 130,292

Asking Rate (4) WH/Dist. $5.98 $4.65 $4.82 $4.37 $3.85 $4.68 $4.51

R&D/Flex $7.27 $9.32 $5.51 $6.54 $7.58 $7.66 $6.37

Notes: (1) Inventory includes multitenant, single-tenant, and owner-occupied buildings 10,000 square feet and larger. (2) Vacant space includes both vacant direct and vacant sublease space. (3) Space under construction includes speculative and build-to-suit for lease projects. (4) Asking rates are per square foot, per year, triple net. Rates for each building are weighted by the amount of available space within the building. *Grubb & Ellis statistics are audited annually and might result in revisions to previously reported quarterly and final year-end figures. *Because of statistical auditing of property type, many buildings were reclassified from general industrial to warehouse/distribution. Source: Grubb & Ellis WRS

Office Market Snapshot* – Charleston Region – First Quarter 2009 Submarket Downtown CBD Total Daniel Island Mount Pleasant North Charleston West Ashley Suburban Total Totals

Total SF (1) 1,755,436 1,755,436 1,076,779 1,547,508 3,570,318 1,096,469 7,291,074 9,046,510

Vacant SF (2) 121,790 121,790 245,862 369,286 860,911 227,938 1,703,997 1,825,787

Vacancy Rate 6.9% 6.9% 22.8% 23.9% 24.1% 20.8% 23.4% 20.2%

Net Absorption Current Qtr. Year To Date 11 11 11 11 -4,328 -4,328 -41,683 -41,683 59,905 59,905 8,443 8,443 22,337 22,337 22,348 22,348

Under Const. SF (3) 35,000 35,000 76,120 22,500 150,000 62,800 311,420 346,420

Asking Rate (4) WH/Dist. R&D/Flex $28.76 $23.37 $28.76 $23.37 $24.78 $22.27 $23.99 $22.75 $21.68 $19.27 $23.26 $20.36 $23.27 $20.94 $23.85 $21.12

Notes: (1) Inventory includes multitenant and single-tenant buildings 10,000 square feet and larger. (2) Vacant space includes both vacant direct and vacant sublease space. (3) Space under construction includes speculative and build-to-suit for lease projects. (4) Asking rates are per square foot per year, full service. Rates for each building are weighted by the size of the building. CBD - Central Business District *Grubb & Ellis statistics are audited annually and might result in revisions to previously reported quarterly and final year-end figures. Source: Grubb & Ellis WRS

2008 Year-End Office Market Report – Charleston Market West Ashley Lower North Charleston Upper North Charleston East Cooper Downtown Charleston Total Market Class “A” Office Market West Ashley Lower North Charleston Upper North Charleston East Cooper Downtown Charleston Total Market

Total SF 982,434 2,526,938 2,013,505 2,379,990 2,063,704 9,966,571

Occupied SF 806,815 1,789,745 1,581,299 2,048,096 1,927,516 8,153,471

Vacant SF 172,919 663,857 432,206 311,177 118,559 1,698,718

Vacancy Rate 17.88% 29.17% 21.47% 13.95% 6.49% 18.19%

Sublease SF 2,700 73,336 0 20,717 17,629 114,382

Average Rate $17.98 $19.06 $16.77 $20.94 $23.87 $19.72

422,848 1,058,288 851,000 1,546,020 1,031,219 4,909,375

384,164 744,695 644,297 1,312,329 964,853 4,050,338

35,984 246,082 206,703 214,691 48,737 752,197

9.15% 29.63% 24.29% 15.12% 5.51% 17.50%

2,700 67,511 0 19,000 17,629 106,840

$22.78 $24.00 $19.93 $25.51 $28.44 $24.13

Note: All information was compiled using data sources deemed reliable. Statistical data was collected as of December 2008 and encompasses office buildings 10,000 square feet and larger. Source: Colliers Keenan Inc.

6 2009 Market Facts | www.charlestonbusiness.com

R E A L E S TAT E

2008 Year-End Office Market Report – Columbia Occupied SF 3,901,000 3,957,442 341,563 102,338 634,637 1,033,968 1,844,936 7,858,442

Vacant SF 559,021 858,773 150,254 2,100 88,420 137,832 480,167 1,417,794

Six-Month Absorption -1,641 5,231 -10,095 0 638 23,623 -8,935 3,590

Average Rate $16.28 $14.20 $13.86 $12.29 $15.42 $16.11 $13.55 $15.02

Class “A” occupancy 91.85% 86.51% 37.50% 92.41% 91.46% 84.67% 90.06%

Class “A” rate $20.43 $17.69 $17.00 $17.00 $19.38 $17.11 $19.18

REAL ESTATE

CBD Suburbs Cayce/West Columbia East Columbia Forest Acres Northeast St. Andrews Total Market

Total SF 4,460,021 4,816,215 491,817 104,438 723,057 1,171,800 2,325,103 9,276,236

Occupancy Rate 87.47% 82.17% 69.45% 97.99% 87.77% 88.24% 79.35% 84.72%

Note: These numbers do not include transitional properties such as operations and call centers. All information was compiled using data sources deemed reliable. CBD - Central Business District Statistical data was compiled as of December 2008 and encompasses all multitenant office buildings 10,000 square feet and larger. Source: Colliers Keenan Inc.

2008 Year-End Office Market Report – Greenville Total SF 3,194,532 4,327,910 7,522,442

CBD Suburbs Total Market

Occupied SF 2,668,898 3,624,047 6,292,945

Vacant SF 525,634 703,863 1,229,497

Occupancy Rate 83.55% 83.74% 83.66%

Six-Month Absorption 37,647 33,821 71,468

Average Rate $18.88 $14.83 $16.56

Sublease SF Class “A” Rate 95,387 $21.76 206,299 $18.63 301,686 $20.41

Note: All information was compiled using data from sources deemed reliable. Statistical data was collected as of December 2008 and encompasses all multitenant office buildings 20,000 square feet and larger. Source: Colliers Keenan Inc.

EXPECT MORE! More space leased/sold More transactions closed More transaction dollar volume

Thomas G. Buist, Jr SIOR Grubb & Ellis/ Barkley Fraser 725-7200

Robert A. Caldwell

SIOR Caldwell Commercial Real Estate Services 566-1888

Charles S. Carmody SIOR, CCIM CB Richard Ellis Carmody, LLC 577-0702

Make a name with the only name that matters—SIOR® The :ociety of 0ndustrial and 6fÄce 9EALTORS® :pecialists in 0ndustrial and 6fÄce 9eal Estate

Hagood Morrison SIOR, CCIM Colliers Keenan 723-1202

Frank W. Norvell

SIOR Norvell Real Estate Group, LLC 579-0055

Robert H. Nuttall, Jr SIOR Anchor Commercial CORFAC International 747-2333

Reid P. Davis

SIOR, CCIM Anchor Commercial CORFAC International 277-4326

Robert L. Pratt

SIOR, CCIM RE/MAX Professional Realty 576-2705

Peter S. Fennelly SIOR, MCR Colliers Keenan 723-1202

Kristie S. Roe

SIOR, CCIM The Beach Company 722-2615

Michael G. McFall SIOR, CCIM Maybank Properties 740-9202

W. Scott Rogers SIOR, CCIM Sperry Van Ness 290-9948

Charles L. Moore, Jr SIOR, CCIM NAI Batten & Moore, LLC 805-6060

R. Milton Thomas III SIOR, CCIM Anchor Commercial CORFAC International 747-3999

www.charlestonbusiness.com | 2009 Market Facts

R E A L E S TAT E

= Charleston

= Columbia

= Greenville

10,000,000

100%

$20.00

9,000,000

90%

$18.00

8,000,000

80%

$16.00

7,000,000

70%

$14.00

6,000,000

60%

$12.00

5,000,000

50%

$10.00

4,000,000

40%

$8.00

3,000,000

30%

$6.00

2,000,000

20%

$4.00

1,000,000

10%

$2.00

Market Size in Square Feet

Commercial Ofﬁce

Healthcare

Occupied Space in Square Feet

Education

Industrial

2245 Technical Parkway, North Charleston, SC 29406 843-572-7600 www.tridentconstruction.com

8 2009 Market Facts | www.charlestonbusiness.com

Occupancy Rate

PHOTO: IMMORTAL IMAGES ARCHITECTURAL PHOTOGRAPHY

REAL ESTATE

2008 Year-End Office Market Comparison

CHARLESTON, SC 843•559•7670 PH

Average Rate

ANCHORING OAKS WADMALAW ISLAND, SC

www.chrisrosearchitects.com

ASHEVILLE, NC 877•559•7670 PH

R E A L E S TAT E

REAL ESTATE

2008 Year-End Industrial Market Report – Charleston

SUMMERVILLE Warehouse Flex Submarket* EAST COOPER Warehouse Flex Submarket* WEST ASHLEY Warehouse Flex Submarket* NORTH CHARLESTON Warehouse Flex Submarket* PENINSULA Warehouse Flex Submarket* BERKELEY Warehouse Flex Submarket* MARKET Warehouse Flex Market Total*

Total SF

Vacant SF

Vacancy Rate

Average Rate

2,590,310 230,784 3,884,094

356,000 18,400 374,400

13.74% 7.97% 13.27%

$3.70 $4.56 $4.21

2,207,593 170,300 3,553,165

365,000 33,200 398,200

16.53% 19.50% 16.75%

$4.78 $8.22 $6.09

725,310 113,360 909,670

79,800 14,000 93,800

11.00% 12.35% 11.18%

$4.60 $5.77 $5.21

8,895,358 910,902 11,397,460

654,440 79,355 733,795

9.01% 8.71% 7.48%

$4.26 $5.22 $4.70

1,956,877 150,119 2,106,996

342,000 13,500 355,500

17.48% 8.99% 16.87%

$3.72 $4.46 $5.16

6,786,124 171,100 7,774,674

739,500 0 739,500

10.90% 0.00% 9.51%

$4.15 $5.18 $4.35

23,161,573 1,746,565 29,626,059

2,536,740 125,255 2,695,195

7.86% 7.17% 10.82%

$4.18 $5.39

*Includes owner-occupied properties Note: All information was compiled using data from sources deemed reliable. Statistical data was collected as of December 2008 and encompasses industrial buildings 10,000 square feet and larger.

www.cbcatlantic.com

Hayne Street Inn

Start with a better building. 1050 Shop Road | Suite A Columbia, SC | 803.765.2940 www.hoodconstruction.com mtonkin@hoodconstruction.com

2008 Year-End Industrial Market Report – Greenville Market Anderson Greenville Spartanburg Upstate Market

Total SF 10,561,082 74,108,223 65,468,791 150,138,096

Vacant SF 839,732 8,550,003 6,647,894 16,037,629

Under Construction 0 300,000 1,815,000 0

Average Rate $3.63 $3.25 $3.28 $3.28

Hank’s Seafood

To Build a Stronger Business...

Source: Colliers Keenan Inc.

Vacancy Rate 7.95% 11.54% 10.15% 10.68%

BDI Pharma

SC Veterinary Specialists

Columbia Conference Center

E-Wall Office Complex

Note: All information was compiled using data from sources deemed reliable. Statistical data was collected as of December 2008 and encompasses industrial buildings 10,000 square feet and larger. Source: Colliers Keenan Inc.

www.charlestonbusiness.com | 2009 Market Facts

REAL ESTATE

R E A L E S TAT E

(Photo/Leslie Halpern)

2008 Year-End Retail Market Office Report â&#x20AC;&#x201C; Charleston

Peninsula Berkeley North Charleston East Cooper Summerville West Ashley Suburban Totals

Total SF 483,510 1,111,206 3,833,220 3,293,721 1,988,275 3,066,442 13,292,864

Occupied SF 455,274 905,594 3,055,030 3,131,483 1,771,608 2,673,505 11,537,220

Vacant SF 28,236 205,612 778,190 162,238 216,667 392,937 1,755,644

Occupancy Rate 94.16% 81.50% 79.70% 95.07% 89.10% 87.19% 86.79%

Note: All information was compiled using data sources deemed reliable. Statistical data was collected as of December 2008. Source: Colliers Keenan Inc.

CCIM 10 2009 Market Facts | www.charlestonbusiness.com

Average Rate $28.15 $8.53 $12.22 $20.91 $14.06 $12.62 $14.48

Small Shop Rent $34.74 $10.19 $15.45 $24.10 $17.53 $15.40 $18.49

Average Pass-Throughs $8.33 $1.47 $2.48 $3.86 $2.77 $2.23 $2.74

R E A L E S TAT E

2008 Year-End Retail Market Office Report – Columbia

Downtown Cayce/West Columbia Forest Acres Harbison/St. Andrews Lexington North Columbia Northeast Columbia Southeast Columbia Market

Vacant SF 6,000 129,935 1,400 299,295 27,593 75,400 550,265 136,634 1,180,222

Six-Month Absorption 3,200 -16,863 7,100 -125,498 15,057 -7,400 48,114 -33,700 -109,990

Annual Absorption 5,000 -43,613 4,900 -109,577 21,013 -9,500 -62,080 -13,650 -207,507

Average Rent $15.36 $11.19 $20.67 $16.64 $17.07 $9.25 $17.02 $14.19 $16.13

Small Shop Average Rent Pass-Throughs $16.65 $3.98 $14.84 $1.30 $21.86 $4.10 $19.70 $3.01 $20.31 $3.69 $11.20 $1.74 $21.58 $5.06 $16.99 $2.93 $19.52 $3.80

REAL ESTATE

Total SF 269,075 1,035,779 775,469 3,429,488 1,437,170 466,249 3,920,599 1,114,541 12,362,970

Occupancy Rate 97.77% 87.46% 99.82% 92.98% 98.08% 83.83% 86.00% 87.74% 90.94%

Note: All information was compiled using data sources deemed reliable. Statistical data was collected as of December 2008. Source: Colliers Keenan Inc.

2008 Year-End Retail Market Office Report – Greenville Total SF 989,986 1,588,955 1,367,666 313,991 416,767 2,557,424 7,234,789

Cherrydale East Side Laurens Road South West Woodruff Road Market

Vacant SF 82,502 221,072 112,157 63,738 4,000 136,327 619,796

Occupied SF 907,484 1,367,883 1,255,509 250,253 412,767 2,421,097 6,614,993

Occupancy Rate 91.67% 86.09% 91.80% 79.70% 99.04% 94.67% 91.43%

Average Rent $13.17 $11.85 $10.31 $7.47 $8.88 $14.35 $12.26

Small Shop Rent $16.90 $15.05 $14.19 $9.56 $10.96 $19.91 $16.39

Average Pass-Throughs $3.08 $2.65 $2.55 $1.29 $2.24 $2.96 $2.72

Note: All information was compiled using data sources deemed reliable. Statistical data was collected as of December 2008. Source: Colliers Keenan Inc.

GLOBAL COVERAGE --- LOCAL EXPERTISE M A L P H RU S

CONSTRUCTION COMPANY, INC. ~ Since 1940 ~

John Coppedge Charleston

Mark Erickson Charleston

Christophe Ha Harbour, St. Kitts

Palmetto Bluff, South Carolina

John Tison Charleston

Mitch Fairﬁeld Charleston

Ryan Killeen Charleston

Ed Kercher Charleston

Andy Parker Charleston

Ambergris Cay, TCI Marcus Cornelius Greenville

Janet Gent Greenville

Todd Younghans Greenville

www.coppedgetison.com One Unity Alley, Suite 310 Charleston , SC 29401 843-724-0100

As a full service commercial real estate company, Coppedge & Tison provides a range of services including ofﬁce, industrial and retail sales and leasing, investment sales, land sales, multifamily, property & facilities management and consulting. Recent representations include: Blackbaud in the lease renewal of their 217,556 SF Corporate Headquarters, located on Daniel Island. MASISA in the sale of their 203,223 SF building on 20.22 acres, on Clements Ferry Rd. UMA of MUSC in the purchase of 6 acres at the Market at Oakland in Mt. Pleasant. 75 Beattie Place, Suite 905 Greenville, SC 29601 864-370-8190

Cushman & Wakeﬁeld provides global real estate solutions with 200 ofﬁces in 60 countries.

www.charlestonbusiness.com | 2009 Market Facts

R E A L E S TAT E

2008 Year-End Retail Market Office Comparison REAL ESTATE

= Charleston

= Columbia

= Greenville

15,000,000

100%

13,500,000

90%

12,000,000

80%

10,500,000

70%

9,000,000

60%

7,500,000

50%

6,000,000

40%

4,500,000

30%

3,000,000

20%

1,500,000

10%

Market Size in Square Feet

Occupied Space in Square Feet

Occupancy Rate

Commercial Sales, Leasing and Property Management

Charles Carmody Managing Broker

Cory Dunlap Broker

Cheryl Parish Financial Manager

Brian Carmody Broker

Joe Shuford Broker

Robert Barrineau Broker

Daniel Atwill Broker

Joyce Beach Broker

Geoffrey Groat Broker

Bart Langlois Broker

Matine deLoach Broker

Chris Campbell, VP Property Management

Michael Carmody Broker

Aimee Glover Property Manager

134 Meeting Street, Suite 510 - Charleston, SC 29401 OfďŹ ce 843.577.0702 - Fax 843.577.0710 www.cbrecharleston.com

12 2009 Market Facts | www.charlestonbusiness.com

Markus Kastenholz CPA, Broker

Meredith Millender Property Manager

Alicia Leland OfďŹ ce Manager

R E A L E S TAT E

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Reads Moving Systems

Crest Industries, INC.

Proudly serving Charleston since 1953

General Contracting

REAL ESTATE

These industry-specific lists appear in each issue of the Charleston Regional Business Journal. To update your company information or to be added to the list, call Gini Rice at 843-849-3114 or update online at www.charlestonbusiness.com/update_lists/.

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REAL ESTATE

R E A L E S TAT E

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R E A L E S TAT E

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REAL ESTATE

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1527 Sam Rittenberg Blvd., Suite 233 • Charleston, SC 29407 • 843.225.0406 • www.jmusselmanconstruction.com www.charlestonbusiness.com | 2009 Market Facts

REAL ESTATE

R E A L E S TAT E

$ +)*( " + " $ )

For a more complete list of industrial buildings, see pg. 124 of the 2009 Book of Lists or visit www.scbiznews.com/data.

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R E A L E S TAT E

REAL ESTATE

TWO RIVERS CENTER 1190 Clements Ferry Road • Wando, SC 29492

Charleston Region Residential Units Sold Year Units Sold 1995 5,595

• CLASS A/FLEX SPACE

1996 6,276

• 1220 sf to 7,250 sf , available now

1997 6,565

• 15,000 sf of Build To Suit Space

1998 7,623 1999 7,842

• Easily accessible to I-526 and Highway 41

2000 8,152

• Located in Berkeley County at the intersection of Clements Ferry and Cainhoy Rd.

2001 8,316

• Water and Sewer on site

2003 11,709

MARITIME REAL PROPERTIES,LLC

RICK KAY, MANAGING MEMBER rkmaritimeprops@bellsouth.net 843-860-2131

2002 9,600 2004 14,252 2005 17,913 2006 16,076 2007 12,970 2008 8,779 0

3,000

6,000

9,000

12,000

15,000

18,000

Source: Charleston Trident Association of Realtors Multiple Listing Service

Charleston Region Residential Units Average Sale Price Year

Avg. Sale Price

1995 $121,446 1996 $126,444 1997 $136,376 1998 $158,463 1999 $177,894 2000 $194,423 2001 $195,376 2002 $214,706 2003 $225,603 2004 $253,012 2005 $282,018 2006 $290,255 2007 $298,370 2008 $299,721 $0

$50,000

$100,000

$150,000

$200,000

$250,000

Source: Charleston Trident Association of Realtors Multiple Listing Service

18 2009 Market Facts | www.charlestonbusiness.com

$300,000

R E A L E S TAT E

Wilmington, N.C. ......................... 77.2 Columbia .................................... 79.6 Raleigh, N.C. ................................ 80.0 Charlotte ..................................... 80.0 Austin, Texas................................ 80.8 CHARLESTON ..........................83.2 Savannah .................................... 83.3 Jacksonville, Fla. ......................... 83.8 Mobile, Ala. ................................. 84.5 Huntsville, Ala. ............................ 86.1 Nashville, Tenn. ........................... 88.0 Richmond, Va. ............................. 88.4 Birmingham, Ala. ........................ 88.5 Norfolk, Va. ................................. 88.7 New Orleans ............................... 88.9 Phoenix ...................................... 89.0 Atlanta ........................................ 90.2

Miami ......................................... 90.3 Tampa, Fla. ................................. 91.1 Pittsburgh ................................... 97.6 Washington, D.C. ........................ 99.7 Index average ......................... 100.0 Wilmington, Del. ........................ 102.8 Providence, R.I. ......................... 103.2 Hartford, Conn. ......................... 107.9 Bridgeport, Conn. ...................... 108.0 New Haven, Conn. ..................... 108.2 Los Angeles .............................. 108.3 Newark, N.J. ............................. 109.5 Philadelphia ............................... 113.2 Chicago .................................... 114.9 Boston ...................................... 115.4 New York .................................. 130.7

REAL ESTATE

Construction Cost Comparison 2009

The h Vi Vision i C Center t att S Seaside id F Farms Mt. Pleasant

“Thank you for your excellent work. Your professionalism, patience, and advice made the entire build-out a smooth and crisis free experience.”

Compiled by Center for Business Research, Charleston Metro Chamber of Commerce.

Tom Lufkin, Owner Turtle Tracks Gelato & Coffee

Source: Means Building Construction Cost Data 2009

1 7

Turtle T tl T Tracks k G Gelato l t and dC Coffee ff Mt. Pleasant

C Ceco Design-Build Contractors Specializing in Cost Effective Building Commercial, Retail, and Light Industrial Projects. Systems 3

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Top 10 Subdivisions – Charleston Region Rank Subdivision 1 Cane Bay Plantation - Dell Webb

Avg. Price $249,846

Number of Closings 138

Liberty Hall

$170,607

124

Foxbank Plantation

$194,361

123

Carolina Bay

$289,601

120

Myers Mill

$219,521

103

Charleston Park

$160,020

Cane Bay Plantation - Old Rice Retreat

$225,971

Brickhope Greens

$183,873

Eagle Run

$197,741

Brickhope Plantation

$199,662

Source: Real Estate Information Service Inc.

F a list of residential real estate companies, see pg. 128 For oof the 2009 Book of Lists or visit www.scbiznews.com/data.

Ask your P&H Mechanical representative about the different energy efﬁcient models available, electronic air cleaners and the availability of ﬁnancing which can help you make your dream of year round comfort come true. &

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www.charlestonbusiness.com | 2009 Market Facts

R E A L E S TAT E

REAL ESTATE

MARKET FACT Charleston Apartment Market The apartment rental supply increased by 7% in the past year. Most of the development activity has occurred in Mount Pleasant, West Ashley and Summerville. This new supply, coupled with the overall weak economy and subsequent weakening demand for housing, has led to vacancy rates surpassing 15% for the Charleston metropolitan area. With rising vacancy rates and increased competition from condominium rentals, rental rates have declined in the past year and average $754 per month. Source: Real Data, Charleston Apartment Index 2009, www.aptindex.com

Apartment Market – Charleston Submarket Summary SUBMARKET HIGHLIGHTS Highest Occupancy: James Island Largest Floor Plans*: James Island Highest Monthly Rent*: Mount Pleasant Highest Rent/Sq. Ft.*: Mount Pleasant Strongest Demand: Summerville Most Development: West Ashley

APARTMENT COMMUNITY HIGHLIGHTS Largest Community: Castlewood Largest Floor Plans*: Collins Park Villas Highest Monthly Rent*: Central Square @ Watermark Highest Rent/Sq. Ft.*: Sergeant Jasper Largest Management Company: AMCS Largest Ownership Group: Colonial Property Trust

*Largest floor plans, highest monthly rent and highest rent per square qoot are based on twobedroom unit averages. Source: Real Data, Charleston Apartment Index 2009, www.aptindex.com

Charleston Region MLS Statistics 2008-09

Jan. ’08 Feb. ’08 March ’08 April ’08 May ’08 June ’08 July ’08 Aug. ’08 Sept. ’08 Oct. ’08 Nov. ’08 Dec. ’08

New 2,197 2,034 2,221 2,161 2,039 1,958 1,923 1,682 1,695 1,569 2,215 1,116

Sold 579 636 752 700 820 835 760 711 654 549 435 476

Avg. Sale Price $326,586 $287,625 $292,070 $309,228 $321,148 $315,799 $319,110 $299,321 $268,509 $289,657 $270,747 $262,441

Median Days on Price Market $211,970 119 $200,000 124 $197,500 121 $205,000 118 $214,000 129 $209,855 116 $215,000 121 $202,250 114 $193,640 109 $195,000 129 $185,503 105 $191,600 108

Jan. ’09 Feb. ’09 March ’09 April ’09

1,796 1,583 1,858 1,664

372 417 568 518

$267,149 $263,885 $260,883 $275,320

$176,750 $179,450 $185,000 $181,303

125 133 142 124

New YTD 2,197 4,231 6,452 8,613 10,652 12,610 14,533 16,215 17,910 19,479 21,694 22,810

Sold YTD 579 1,215 1,967 2,667 3,487 4,322 5,082 5,793 6,447 6,996 7,431 7,907

1,796 3,379 5,237 6,901

372 789 1,357 1,875

Source: Charleston Trident Association of Realtors Multiple Listing Service

CharlestonRealtors.com

No matter what type of property you’re looking for, your search begins at CharlestonRealtors.com Commercial, Residential and Rental listings, updated every 15 minutes.

Find a home. Find a REALTOR®. 20 2009 Market Facts | www.charlestonbusiness.com

R E A L E S TAT E

Single-Family Permits and New Home Sales Comparison - Single-Family Permits

REAL ESTATE

800 - New Home Sales

700

Charleston Region Home Permits

600

Year Permits 1998 3298

500

1999 4324 2000 3906

400

2001 3916 2002 4985

300

2003 5384 2004 7371

200

2005 8084 100

2006 7304 2007 5602

0 Jan ’07

Mar ’07

May ’07

July ’07

Sep ’07

Nov ’07

Jan ’08

Mar ’08

May ’08

Jul ’08

Sep ’08

Nov ’08

Jan ’09

Mar ’09

Source: Real Estate Information Service Inc.

2008 3560 0

2,000

4,000

6,000

8,000

Source: Real Estate Information Service Inc.

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www.charlestonbusiness.com | 2009 Market Facts

REAL ESTATE

R E A L E S TAT E

Charleston Region New Home Sales ’07 # of ClosArea ings CHARLESTON COUNTY Charleston 4 Peninsula North Charleston 14 Ladson/ 300 Lincolnville West Ashley 324 James Island 55 Mount Pleasant 90 Johns Island 110 Edisto Island 7 Awendaw/ 75 McClellanville TOTAL 979 BERKELEY COUNTY Cross 1 Summerville/ 558 Carnes Crossroads Moncks Corner 194 Goose Creek 440 Hanahan 136 Daniel Island 162 Jamestown 0 St. Stephen 1 TOTAL 1491 DORCHESTER COUNTY Ashley River Road 1 Dorchester Road 390 Summerville 123 Knightsville 523 Givhans 21 Harleyville 64 St. George 0 TOTAL 1122

’07 Avg. Price

’08 # of Closings

’08 Avg. Price

Q1 ’09 # of Closings

Q1 ’09 Avg. Price

$768,229

$530,836

$194,506

$191,938

12 $187,802

$184,864

251

$171,073

47 $159,068

$268,719 $387,666 $533,314 $256,710 $309,829

258 25 67 48 2

$273,959 $363,803 $467,348 $336,340 $480,000

45 5 14 8 0

$453,365

$419,673

16 $412,027

777

147

$123,000

$18,100

$195,258

409

$207,761

$213,285 $194,166 $244,790 $499,845 0 $230,000

109 557 97 93 14 3 1282

$177,071 $180,548 $210,459 $507,332 $165,942 $116,167

17 80 9 10 12 0 205

$174,305 $175,048 $219,052 $520,990 $169,783 0

$207,100 $236,819 $258,482 $233,659 $291,048 $229,766 0

27 389 159 277 0 0 0 852

$306,081 $199,878 $209,538 $215,562 0 0 0

1 58 15 48 1 0 1 124

$298,900 $207,969 $140,786 $195,180 $147,555 0 $9,300

Source: Real Estate Information Service Inc.

22 2009 Market Facts | www.charlestonbusiness.com

$255,030 $328,280 $546,177 $203,949 0

77 $206,226

R E A L E S TAT E

REAL ESTATE

INTERNET FA AST TER THAN T1 ME EANS WE SPEND OUR DAYS WORKING, NOT WAIT TING.

Charleston Region Home Resales ’07 # of ClosArea ings CHARLESTON COUNTY Charleston 210 Peninsula North Charleston 412 Ladson/ 327 Lincolnville West Ashley 842 James Island 552 Mount Pleasant 959 Johns Island 278 Edisto Island 82 Awendaw/ 188 McClellanville TOTAL 3850 BERKELEY COUNTY Cross 41 Summerville/ 587 Carnes Crossroads Moncks Corner 197 Goose Creek 607 Hanahan 273 Daniel Island 177 Jamestown 61 St. Stephen 78 TOTAL 2021 DORCHESTER COUNTY Ashley River Road 73 Dorchester Road 976 Summerville 458 Knightsville 115 Givhans 21 Harleyville 33 St. George 61 TOTAL 1737

’07 Avg. Price

’08 # of Closings

’08 Avg. Price

$725,832

176

$624,140

$718,413

$119,524

307

$106,204

$60,624

$146,760

267

$119,936

$78,963

$267,078 $336,105

648 458

$231,319 $290,024

78 54

$200,194 $266,766

$490,505

870

$437,041

142

$395,742

$732,411 $330,829

307 110

$662,440 $191,092

36 22

$727,342 $197,030

$441,337

237

$421,991

$278,818

3380

Q1 ’09 # of ClosQ1 ’09 ings Avg. Price

503

$99,757

$96,963

$88,567

$153,564

364

$135,972

$108,855

$167,181 $170,227 $191,258 $458,846 $183,366 $130,514

146 465 211 139 36 56 1433

$136,598 $152,402 $176,560 $474,069 $160,047 $105,306

20 76 29 26 4 7 227

$108,105 $113,371 $182,988 $368,510 $64,838 $57,286

$219,824 $187,725 $191,149 $177,926 $122,321 $121,530 $111,954

71 800 323 105 24 22 59 1404

$230,907 $163,797 $184,660 $148,520 $164,826 $62,451 $74,565

14 156 54 22 2 11 11 270

$140,411 $127,522 $136,028 $92,934 $193,000 $71,750 $33,073

Source: Real Estate Information Service Inc.

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FINANCIAL SERVICES

Financial Services tightening credit market and more stringent lending standards held back growth in the financial services industry in 2008 and early 2009, as government regulators and shareholders sought to insulate financial institutions and investment banks from the deepening recession. Small businesses and the mortgage industry felt the effects of this, facing difficulty in securing short-term and long-term access to capital to keep inventory, payroll and expenses in check. Many banks scaled back expansion plans and sought to retrench for the coming year, but some accounting firms saw an increase in business as they helped companies go through mergers and acquisitions. The recession and lagging stock market helped drag down bank earnings for 2008. But — like was seen in the housing industry — many banks across South Carolina and in the Charleston region began to see earnings increase in the second quarter of 2009. Regional banks that didn’t make large investments in Fannie Mac and Freddie Mac mortgages weathered the economic crisis better and weren’t saddled with the foreclosures and devalued mortgage-backed securities that led to consolidation across the financial sector. Charleston-based Bank of South Carolina, which saw 1% growth in the first quarter of 2009 compared with the previous year, attributed the uptick to growth in the mortgage industry. “Our focus for 2009 is loan and deposit growth, maintaining our net interest spread and having minimal losses,” bank President Hugh Lane Jr. said.

This section is sponsored by:

24 2009 Market Facts | www.charles tonbusiness.com

Deposit Market Share Report Offices and Deposits of all FDIC-Insured Institutions – Charleston County ...................... 26 Consumer Price Index ................. 27 SBA-Guaranteed Loans – Charleston Region....................... 28 SBA-Guaranteed Loans – South Carolina ............................ 28 Gross Retail Sales ($000) ............ 29 Certified Public Accountants ....... 29 Numbers of Accountants in South Carolina, by type ........... 29

FINANCIAL SERVICES

www.charlestonbusiness.com | 2009 Market Facts

FINANCIAL SERVICES

Deposit Market Share Report Offices and Deposits of all FDIC-Insured Institutions â&#x20AC;&#x201C; Charleston County

FINANCIAL SERVICES

Deposits as of: June 30, 2008, Sorted By: Market Share

Institution Name Wachovia Bank N.A. Bank of America N.A. First Federal Savings & Loan of Charleston National Bank of South Carolina Tidelands Bank Community FirstBank of Charleston Branch Banking & Trust Co. First Citizens Bank & Trust Co. Inc SouthCoast Community Bank Carolina First Bank Bank of South Carolina Harbor National Bank SunTrust Bank Regions Bank Atlantic Bank & Trust Ameris Bank S.C. Bank & Trust N.A. First Reliance Bank Carolina First Bank First National Bank of the South RBC Bank USA Enterprise Bank of South Carolina Bank of Walterboro First Palmetto Savings Bank FSB Palmetto Heritage Bank & Trust Number of Institutions in the Market: 25

30-Jun-08 Outside of Market No. of Offices 3,317 5,722

Deposits $0 395,751,617 641,194,676

Inside of Market No. of Offices 21 16

Deposits $0 2,007,383 1,057,539

Market Share 27.45% 14.46%

904,228

991,659

13.56%

Federal

3,544,925

440,971

6.03%

State

103,426

383,473

5.24%

S.C.

State

61,395

352,856

4.83%

9846

N.C.

State

1,484

85,314,945

336,582

4.60%

15504

S.C.

State

156

4,887,018

311,633

4.26%

34774

S.C.

State

70,365

306,704

4.19%

26849 26912 58219 867 12368 58420 20504 13425 35214 35372

S.C. S.C. S.C. Ga. Ala. S.C. Ga. S.C. S.C. S.C.

NM NM N SM SM SA NM N NM SA

State State Federal State State Federal State Federal State Federal

178 1 0 1,725 1,919 1 47 38 5 0

9,821,133 31,682 0 114,177,981 86,127,647 2,267 1,700,021 1,604,428 406,278 0

4 3 2 5 5 1 2 2 2 3

186,886 175,326 127,128 98,136 98,113 81,822 75,456 53,935 50,285 46,553

2.56% 2.40% 1.74% 1.34% 1.34% 1.12% 1.03% 0.74% 0.69% 0.64%

35383

S.C.

Federal

633,212

36,574

0.50%

33184

N.C.

State

439

17,780,546

35,057

0.48%

11539

S.C.

State

271,977

31,193

0.43%

27496

S.C.

State

131,437

17,522

0.24%

28396

S.C.

Federal

652,924

9,746

0.13%

57880

S.C.

State

57,581

0.00%

15,160 1,365,231,709

136

7,312,532

100

CERT 33869 3510

State (Headquartered) N.C. N.C.

Bank Class N N

State/ Federal Charter Federal Federal

28994

S.C.

Federal

2111

S.C.

57594

S.C.

34335

Bank Charter Classes: N - National Bank SM - Federal Reserve Member NM - Federal Reserve Nonmember SA - Savings Association Source: FDIC Web site, Summary of Deposits

F a list of banks, see pg. 60 of the 2009 Book of Lists For oor visit www.scbiznews.com/data.

26 2009 Market Facts | www.charles tonbusiness.com

TOTALS

FINANCIAL SERVICES

Consumer Price Index 220 200

160 140 120

179.9 Index 1.6% Inflation (change from previous year)

184.0 Index 2.3% Inflation (change from previous year)

188.9 Index 2.7% Inflation (change from previous year)

195.3 Index 3.4% Inflation (change from previous year)

201.6 Index 3.2% Inflation (change from previous year)

207.3 Index 2.9% Inflation (change from previous year)

215.6 Index 3.8% Inflation

FINANCIAL SERVICES

180

(change from previous year)

100 80 60 40 20 0

2002

2003

2004

2005

2006

2007

2008

www.charlestonbusiness.com | 2009 Market Facts

FINANCIAL SERVICES

SBA-Guaranteed Loans – Charleston Region

FINANCIAL SERVICES

Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.

# of Loans 15 8 12

2007 $ Amount of Loans $2,592,700 $1,165,800 $3,494,400

# of Loans 7 11 13

11 12 9 7 4 12 17 14 5

$2,744,000 $1,801,100 $3,734,000 $1,955,500 $1,202,000 $2,727,000 $2,739,400 $3,145,500 $1,357,000

5 6 7 4 6 6 5 5 2

2008 2009 $ Amount of # of $ Amount of Loans Loans Loans $315,000 5 $1,602,500 $1,105,600 3 $696,000 $1,894,000 3 $1,365,000 $275,000 $614,800 $3,131,700 $143,500 $4,143,900 $2,681,000 $1,966,000 $4,668,000 $119,000

3 9 3 10

$385,000 $2,792,000 585,000 638,000

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

SBA-Guaranteed Loans – South Carolina

Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.

# of Loans 62 46 61 58 65 65 58 63 77 68 62 60

2007 $ Amount of Loans $17,555,900 $10,518,600 $14,588,000 $11,723,500 $12,007,310 $15,192,300 $15,975,000 $11,883,600 $21,159,800 $13,325,400 $14,938,200 $18,008,200

# of Loans 54 58 69 70 32 31 29 32 32 27 29 28

2008 2009 $ Amount # of $ Amount of of Loans Loans Loans $16,427,100 15 $3,572,300 $13,530,200 27 $8,875,000 $18,417,000 25 $5,409,000 $19,586,700 24 $7,814,100 $7,661,300 27 $6,395,500 $11,607,300 29 $7,795,100 $10,495,700 47 $15,922,000 $11,997,900 $16,768,000 $11,128,086 $11,665,600 $6,579,500

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

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ists & eads

FINANCIAL SERVICES

Gross Retail Sales ($000) 2003 2,792,175 10,042,059 1,207,613 14,041,847

2004 2,916,269 10,681,929 1,404,172 15,002,370

2005 2,774,618 12,050,201 1,571,065 16,395,884

2006 3,338,564 13,085,582 1,709,947 18,134,093

2007 3,717,883 13,088,854 1,783,614 18,590,351

2008 3,999,639 12,963,950 1,173,190 18,736,779

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

Numbers of Accountants in South Carolina, by type 5,288

Certified public accountants

FINANCIAL SERVICES

Berkeley County Charleston County Dorchester County Total Region

2002 2,679,686 9,217,606 1,136,977 13,034,269

One-Year Change 7.6% -1.0% -34.2% 0.8%

Public accountants Accounting practitioners

129

Accounting firms, in-state registration

1,202 469

Accounting firms, out-of-state registration

1,376

Practice privilege registration 0

500

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

*S.C. Department of Labor, Licensing and Regulation

www.charlestonbusiness.com | 2009 Market Facts

DEMOGRAPHICS

Demographics outh Carolina, and the Lowcountry especially, continues to be a top spot for migration in the Southeast. From 2000 to 2007, population grew by double-digit percentages in all three Lowcountry counties: 14.7% in Berkeley County, 10.6% in Charleston County and 28.1% in Dorchester County. Household incomes across the three-county region were among the top 10 in the state. Dorchester County residents ranked fourth with a median income of $52,884; Berkeley County was sixth with a median income of $48,937; and Charleston County came in ninth with $46,639. Overall, household income has grown 30% in the Charleston region from 2000 to 2007, according to the Charleston Regional Development Alliance. That compares to 22% nationally. Charleston County is still the population center of South Carolina, with three of the largest cities in the state in Charleston, North Charleston and Mount Pleasant. The Charleston region continually ranks high among national travel and business publications. In 2009, the area was ranked for quality of life, livability and best places for entrepreneurs by Outside magazine, Smarter Cities, Forbes, Next Generation Consulting and BusinessWeek, among others. Charleston also ranks among the top 10 metropolitan statistical areas for its increasing number of college-educated residents, according to the U.S. Census Bureau and the development alliance. This follows demographic data reported by Charleston Young Professionals, which found that 91% of its members have a four-year college degree or higher.

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T h e Ma r sh a l l Wa l k e r. c o m G r o u p 30 2009 Market Facts | www.charles tonbusiness.com

Counties at a Glance ................... 32 Racial Composition in the Charleston Region ............. 32 2008 Annual Average Price Report – Regional Comparison .................. 32 2008 Annual Average Price Report – State Comparison ....................... 32 2008 Annual Average Price Report – Regional Utilities Comparison...... 32 Most Affluent Municipalities in the Charleston Region ............. 33 Income Rank Report by S.C. County ............................ 34 Population by Age Group in the Charleston Region....................... 34 Largest S.C. Municipalities .......... 34 Charleston Region Population Growth Trends ........... 35 Charleston Young Professionals – 2009 Member Survey Results ..... 35

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Facts

DEMOGRAPHICS

Counties at a Glance

DEMOGRAPHICS

Berkeley County Profile Total area (land and water) ................1,229 square miles Population (2007) ...............................................163,622 Population growth rate (2000-2007) ..................... 14.8% Total households (2007) ........................................58,243 Civilian labor force (2007) .....................................75,460 Unemployment rate (June 2009) ........................... 11.3% Median household income (2007) .......................$49,048 Average household income (2007) ......................$58,324 Gross retail sales ............................................$3.7 billion County seat ............................................. Moncks Corner Form of government ........................... Council/supervisor

2008 Annual Average Price Report – Regional Comparison

Atlanta Birmingham, Ala. CharlestonNorth Charleston Charlotte Columbia Jacksonville, Fla. Knoxville, Tenn. Orlando, Fla. Raleigh, N.C. Richmond, Va.

Charleston County Profile Total area (land and water) ................1,357 square miles Population (2007) ...............................................342,973 Population growth rate (2000-2007) ..................... 10.6% Total households (2007) ......................................141,152 Civilian labor force (2007) ...................................175,337 Unemployment rate (June 2009) ............................. 9.5% Median household income (2007) .......................$47,901 Average household income (2007) ......................$71,349 Gross retail sales ..........................................$13.1 billion County seat .................................................... Charleston Form of government .......................Council/administrator

Ground Beef $2.95 $2.80

Whole Milk $2.37 $2.64

Dozen Eggs $1.72 $1.82

Bread $1.41 $1.52

Coffee $3.69 $3.36

Sugar $1.78 $1.89

$2.90

$2.52

$2.03

$1.43

$3.38

$1.84

$2.88 $2.95 $2.30 $1.88 $2.71 $3.16 $2.98

$2.63 $2.75 $2.70 $2.53 $2.79 $2.62 $2.58

$1.94 $1.91 $1.95 $1.68 $1.97 $1.99 $1.94

$1.48 $1.97 $1.67 $1.32 $1.44 $1.49 $1.58

$3.53 $3.95 $3.53 $3.34 $3.29 $3.54 $3.43

$1.84 $1.90 $1.70 $1.80 $1.98 $1.77 $2.06

Source: Council for Community and Economic Research’s ACCRA Cost of Living Index

2008 Annual Average Price Report – State Comparison

Dorchester County Profile Total area (land and water) ...................576 square miles Population (2007) ...............................................123,505 Population growth rate (2000-2007) ..................... 23.4% Total households (2007) ........................................43,512 Civilian labor force (2007) .....................................58,810 Unemployment rate (June 2009) ........................... 10.9% Median household income (2007) .......................$53,915 Average household income (2007) ......................$63,133 Gross retail sales ............................................$1.8 billion County seat .....................................................St. George Form of government .......................Council/administrator Compiled by: Charleston Regional Development Alliance Sources: Gross Retail Sales - S.C. Department of Revenue; Population figures - U.S. Census Bureau 2007 American Community Survey and 2000 Census; Employment figures - S.C. Employment Security Commission

Anderson Beaufort Camden CharlestonNorth Charleston Columbia Florence Greenville Hilton Head Island Myrtle Beach Sumter

Ground Beef $2.85 $2.48 $3.01

Whole Milk $2.41 $2.59 $2.59

Dozen Eggs $1.78 $1.84 $1.92

Bread $1.33 $1.28 $1.27

Coffee $3.22 $3.44 $3.23

Sugar $1.80 $1.87 $1.83

$2.90

$2.75

$2.03

$1.43

$3.38

$1.84

$2.95 $2.92 $2.96 $3.23 $2.92 $3.29

$2.75 $2.72 $2.59 $2.55 $2.68 $2.64

$1.91 $1.95 $1.79 $2.10 $1.90 $1.85

$1.97 $1.41 $1.49 $1.70 $1.39 $1.35

$3.95 $3.26 $3.37 $3.80 $3.36 $3.29

$1.90 $1.85 $1.74 $1.96 $1.83 $1.80

Note: Index and average prices are based on data gathered between first quarter 2009 and first quarter 2008 Source: Council for Community and Economic Research’s ACCRA Cost of Living Index

2008 Annual Average Price Report – Regional Utilities Comparison

Racial Composition in the Charleston Region

White Black Asian Other

Charleston-North Charleston MSA* 67.2% 29.8% 2.0% 1.7%

Berkeley County 68.8% 27.4% 2.6% 2.4%

Charleston County 65.0% 32.1% 1.8% 1.6%

Dorchester County 71.5% 26.2% 2.0% 1.0%

*MSA - Metropolitan Statistical Area Compiled by: Charleston Regional Development Alliance Source: U.S. Census Bureau 2005-2007 American Community Survey and 2000 Census

32 2009 Market Facts | www.charles tonbusiness.com

Atlanta Birmingham, Ala. CharlestonNorth Charleston Charlotte Columbia Jacksonville, Fla. Knoxville, Tenn. Orlando, Fla. Raleigh, N.C. Richmond, Va.

Apartment Rent $766 $717

Home Price $284,001 $236,911

$904 $268,107 $651 $737 $1,009 $632 $828 $707 $938

$251,221 $232,065 $240,578 $234,180 $263,822 $303,918 $326,119

Mortgage Rate 6.01% 6.09%

Total Energy $149.65 $170.73

Gasoline $2.59 $2.51

6.00%

$186.31 $2.90

6.04% 6.05% 6.28% 6.02% 6.32% 6.32% 6.00%

$157.60 $189.39 $157.19 $173.17 $181.82 $164.84 $190.74

Source: Council for Community and Economic Research’s ACCRA Cost of Living Index

$3.05 $2.91 $2.99 $2.88 $3.01 $2.99 $3.01

DEMOGRAPHICS

Most Affluent Municipalities in the Charleston Region Name Isle of Palms city Kiawah Island town Sullivan’s Island town Seabrook Island town Mount Pleasant town Folly Beach city Goose Creek city Summerville town Ladson CDP* Hanahan city Bonneau town Charleston city McClellanville town Ravenel town Rockville town

2006 Population 4,643 1,108 1,873 1,192 59,113 2,312 31,914 41,575 14,083 13,846 340 107,845 471 2,268 130

CDP - Census Designated Place

2007 Per Capita Income $49,863 $52,008 $54,132 $54,809 $34,394 $32,442 $17,838 $21,433 $17,000 $22,335 $15,490 $25,127 $21,238 $19,846 $17,880

DEMOGRAPHICS

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

2007 Median Household Income $94,175 $93,374 $87,874 $78,201 $73,992 $58,652 $56,183 $54,650 $51,119 $47,595 $43,490 $43,478 $42,695 $41,888 $41,141

1 1 2 7 Q UEENSBOROUGH BLVD. S U I T E 1 0 2 M T . P LEASANT , SC 29464 T EL: 8 4 3 . 2 1 6 . 3 5 4 4 F AX: 8 4 3 . 2 1 6 . 6 1 5 1

Source: Decision Data Resources 9 1 6 W EST F IFTH S T. S UITE 2 0 0 C H A R LOT T E , N C 2 8 2 0 2 T EL: 7 0 4 . 3 4 2 . 9 8 7 6 F AX: 7 0 4 . 3 3 4 . 4 2 4 6

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Y Hanes Y IZOD Y Mossy Oak Y Nike Y Ogio Bags Y Van Heusen

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DEMOGRAPHICS

Income Rank Report by S.C. County Household Income

DEMOGRAPHICS

Household Income Total Households 57,148 76,028 92,988 41,510 267,674

Rank 1 2 3 4

Name Beaufort York Lexington Dorchester Subtotal of High

Per Median Median Average Capita Age $57,624 $73,835 $30,346 37.4 $54,577 $64,347 $25,013 36.7 $53,897 $62,405 $24,455 37.9 $52,884 $56,445 $20,130 36.2 $54,698 $64,473 $25,085 37.1

5 6 7 8 9 10 11 12

Greenville Berkeley Richland Kershaw Charleston Aiken Spartanburg Anderson

$50,831 $48,937 $48,790 $46,702 $46,639 $46,177 $45,725 $44,360

$23,932 $17,331 $22,512 $20,826 $24,633 $21,326 $22,337 $21,012

37.5 34.8 34.1 38.8 36.1 38.7 37.7 38.6

159,792 52,353 133,662 22,311 138,311 60,914 103,240 69,373

$47,699 $56,391 $22,467

36.7

739,956

13 14 15 16 17 18 19 20 21 22 23 24 25

Subtotal of Above-Average Horry Pickens Oconee Saluda Georgetown Edgefield Florence Lancaster Greenwood Laurens Cherokee Sumter Newberry

$44,191 $44,087 $43,935 $43,931 $43,205 $42,511 $42,259 $42,043 $41,747 $41,223 $41,094 $40,655 $40,091

39.5 33.8 40.9 38.4 40.7 37.8 36.8 38.1 36.7 38.3 36.9 35.3 38.3

104,637 45,109 28,836 7,307 24,913 8,769 47,707 25,063 25,840 26,254 21,175 39,057 14,538

$60,865 $49,701 $55,701 $51,862 $58,334 $52,424 $56,757 $52,989

$46,505 $48,463 $53,346 $47,393 $55,645 $48,361 $48,025 $46,442 $48,296 $45,247 $45,528 $48,160 $44,274

$20,778 $19,776 $22,073 $18,952 $22,950 $17,489 $17,805 $19,071 $18,812 $17,521 $18,333 $18,385 $17,787

Rank 26 27 28 29 30 31 32

33 34 35 36 37 38 39 40 41 42 43

44 45 46

Name Calhoun Chester Abbeville McCormick Union Jasper Darlington Subtotal of Average Fairfield Chesterfield Colleton Orangeburg Hampton Barnwell Lee Clarendon Dillon Marion Marlboro Subtotal of Below-Average Bamberg Williamsburg Allendale Subtotal of Low Grand Total

Per Median Median Average Capita Age $39,836 $48,235 $20,353 41.0 $39,577 $42,095 $16,916 38.6 $39,518 $41,306 $16,991 38.8 $38,795 $43,674 $17,189 44.1 $38,293 $42,312 $18,790 41.1 $37,370 $44,454 $16,053 35.2 $37,288 $42,920 $15,549 38.1 $42,140 $47,250 $19,074 37.9

Total Households 6,320 13,196 10,287 3,864 12,175 7,450 23,496 495,993

$36,388 $35,430 $35,422 $34,856 $34,120 $34,046 $33,098 $32,940 $31,578 $31,362 $31,348 $33,873

$42,740 $39,018 $41,983 $43,614 $40,590 $43,644 $42,206 $40,381 $38,431 $39,223 $38,297 $41,187

$16,426 $15,916 $16,091 $17,082 $14,430 $17,283 $15,345 $15,670 $14,208 $15,370 $15,698 $15,989

38.6 38.2 37.8 35.4 36.3 37.1 36.4 37.9 34.5 36.7 37.5 36.8

9,114 17,223 15,056 34,694 7,501 9,033 7,047 12,265 11,318 13,471 10,486 147,208

$28,527 $28,363 $24,621 $27,762

$35,670 $36,462 $33,857 $35,830

$14,751 $14,896 $12,677 $14,467

37.4 37.5 35.5 37.1

6,147 13,861 3,945 23,953

$45,374 $53,345 $21,204

37.1

1,674,784

Source: Decision Data Resources

Largest S.C. Municipalities Population by Age Group in the Charleston Region Charleston-North Charleston MSA Median Age 35.6 19 or younger 28.0% 20-24 7.4% 25-34 13.7% 35-54 28.8% 55-64 11.2% 65 or older 10.8%

Berkeley County 34.3 29.7% 7.3% 14.0% 28.9% 11.0% 9.2%

Charleston Dorchester County County 36.2 35.4 26.8% 29.2% 7.7% 7.0% 13.7% 13.2% 28.4% 30.3% 11.5% 10.8% 12.1% 9.4%

Compiled by: Charleston Regional Development Alliance Note: MSA - Metropolitan Statistical Area Source: U.S. Census Bureau 2005-2007 American Community Survey

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Geographic Area Columbia Charleston North Charleston Rock Hill Mount Pleasant Greenville Summerville Spartanburg Sumter Goose Creek Hilton Head Island Florence Myrtle Beach Aiken Anderson

2007 Pop. Estimate 124,818 110,015 91,421 64,858 64,707 58,754 44,036 38,843 38,782 36,466 33,994 31,431 29,971 29,218 26,404

Compiled by Center for Business Research Source: U.S. Census Bureau Population Division

34 2009 Market Facts | www.charles tonbusiness.com

DEMOGRAPHICS

Charleston Region Population Growth Trends

Berkeley County Bonneau Goose Creek**

Charleston Metro Area

1980 Census

1990 Census

94,745

128,776

142,651

10.8%

163,622

14.7%

401 17,899

374 24,692

354 29,208

-5.3% 18.3%

349 36,466

-1.4% 24.8%

13,224 193 4,179 1,850

13,176 84 5,607 1,697

12,937 97 5,952 1,776

-1.8% 15.5% 6.2% 4.7%

15,580 100 6,889 1,758

20.4% 3.1% 15.7% -1.0%

276,556

295,039

309,969

5.1%

342,973

10.6%

NA 69,855 1,478 2,365 3,421 266 808 436 249 17,735

324 80,414 1,398 2,094 3,680 718 716 333 787 30,108

1,195 268.8% 96,650 20.2% 2,116 51.4% 3,946 88.4% 4,583 24.5% 1,163 62.0% 904 26.3% 459 37.8% 1,230 56.3% 47,609 58.1%

1,185 110,015 2,333 4,352 4,674 1,115 846 485 1,348 64,707

-0.8% 13.8% 10.3% 10.3% 2.0% -4.1% -6.4% 5.7% 9.6% 35.9%

65,681

70,218

79,641

13.4%

91,421

14.8%

1,655 NA

2,165 NA

2,214 137

2.3% NA

2,285 131

3.2% -4.4%

233

948

1,250

31.9%

1,200

-4.0%

1,867

1,623

1,911

17.7%

1,878

-1.7%

59,045

83,060

96,413

16.1%

123,505

28.1%

606 241 603 2,134 11,985

633 244 1,625 2,077 22,519

594 207 1,690 2,092 27,752

-6.2% -15.2% 4.0% 0.7% 23.2%

686 210 2,033 2,104 44,036

15.5% 1.4% 20.3% 0.6% 58.7%

430,346

506,875

549,033

8.3%

630,100

14.8%

South Carolina 3,122,814 3,486,703 4,012,012 United States

% Change 2007 20002020 Estimate 2007 Forecast*

226,546,000 248,709,873 281,421,906

15.1% 4,407,709 13.2%

301,621,157

183,520

Charleston Young Professionals – 2009 Member Survey Results Demographics

Top Reasons to Well-educated (have a four-year Choose Charleston degree or higher) ............... 91% 1. Location/weather/beaches 356,680

Homeowners Top Issues of Concern (average home value about Charleston approximately $250,000) ... 57% 1. Job opportunites 25-34 years old ................. 70% 2. Cost of lifestyle Female .............................. 60% 3. Commute times White ................................. 90% Employment

Civic Engagement

Voted in most Working in management, profesrecent election ................... 85% sional and related occupations).. .......................................... 57% Volunteer an average of 5 hours per month ......... 64% Entrepreneurs/ business owners................ 15% Made monetary contributions to organizations in the past Median income .............$47,500 6 months ........................... 68% Median household income ........$87,500 Most Important – Charleston 140,900

Relationship to Charleston Lifer .................................. 17 % Boomerang .......................... 8% Transplant.......................... 75%

1. Cost of lifestyle 2. Earning 3. After-hours 4. Vitality 5. Learning

6. Around town Reasons for Involvement with CYP .................................. 7. Social capital 681,100

9.9% 4,949,090 7.2% 335,804,546

Compiled by: Center for Business Research, Charleston Metro Chamber of Commerce, 2008 *Population forecast not available at the place level. **The population in these cities overflows into other counties. The figure in the chart is the total for the whole city, and the city is listed in the county where most of the population is located. Source: U.S. Census Bureau

Married or living 2. Job with significant other ......... 48% 3. Proximity to college Mobile 4. Family (do not have children) ........ 80%

DEMOGRAPHICS

Hanahan Jamestown Moncks Corner St. Stephen Charleston County Awendaw Charleston** Folly Beach Hollywood Isle of Palms Kiawah Island Lincolnville McClellanville Meggett Mount Pleasant North Charleston** Ravenel Rockville Seabrook Island Sullivan’s Island Dorchester County Harleyville Reevesville Ridgeville St. George Summerville**

% Change 2000 1990Census 2000

Business networking.......... 91% Social networking .............. 73% Most Important – All Communities Leadership/professional ..... 67% 1. Cost of lifestyle Volunteer and service ........ 29% 2. Earning Impact my community’s quality ........... 29% 3. Vitality 4. After-hours Get engaged in my community ................... 25% 5. Learning Philanthropy ...................... 17% 6. Around town 7. Social capital Note: Charleston Young Professionals, launched in 2006, is an initiative of the Charleston Metro Chamber of Commerce. It has more than 400 members ages 22 to 39 who live and work in the tri-county region. Note: Boomerang refers to an individual who was born and raised in the area, moved away and has since moved back. Source: Center for Business Research/Charleston Young Professionals

www.charlestonbusiness.com | 2009 Market Facts

EMPLOYMENT & ECONOMIC DEVELOPMENT

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

Employment & Economic Development nemployment rates have continued to rise in the Charleston region through 2008 and into 2009. Berkeley, Charleston and Dorchester counties have some of the lowest jobless rates in the state, but South Carolina has one of the highest unemployment rates in the nation. In June, state unemployment topped 12%. In the three-county Lowcountry region, Berkeley County reported an 11.3% unemployment rate; Charleston County was at 9.5%; and Dorchester County reported 10.9%. Those numbers represent a huge increase in the number of jobless claims for the state and region. This partly reflects cutbacks and layoffs among the service and manufacturing industries, including at several automotive suppliers, as well as a downturn in housing and construction. During the past year, most of the state’s job losses have been in manufacturing, transportation, tourism and professional and business services, according to data from the S.C. Employment Security Commission. Several industrial expansions are ongoing — DuPont’s Kevlar plant in Berkeley County, for example, and several warehouse and logistics parks in Dorchester and Berkeley counties. In June, MeadWestvaco and The Rockefeller Group broke ground on a planned 400-acre logistics park. The S.C. Department of Commerce said recruitment efforts in 2008 resulted in the announcement of 18,993 new jobs and $4.1 billion in capital investments, which could help offset some of the job losses throughout the year.

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36 2009 Market Facts | www.charles tonbusiness.com

Charleston County’s Top 20 Employers ........................ 38 Dorchester County’s Top 20 Employers ........................ 38 Occupational Employment and Wage Estimates 2007 ........... 38 Charleston Region Unemployment Rates ................... 38 Berkeley County’s Top 20 Employers ........................ 39 Top Manufacturing Facilities – Charleston Region........................ 39 Employment by Sector ................. 40 Unemployment Rates – Regional Comparison ................... 41 Labor Force – Charleston Region . 41 Largest International Employers – Charleston Region........................ 41

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

EMPLOYMENT & ECONOMIC DEVELOPMENT

Charleston County’s Top 20 Employers Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Dorchester County’s Top 20 Employers # of Employees 7,525 6,975 5,150 3,800 3,000 2,150 2,000 1,900 1,800 1,700 1,600 1,200 1,200 1,125 1,050 1,000 950 950 800 775

Employer Medical University of South Carolina (MUSC) Charleston Air Force Base Charleston County School District - Main Office Roper St. Francis Healthcare JEM Restaurant Group Inc. Charleston County Trident Medical Center (Trident Health System) Piggly Wiggly Carolina Co Inc. Force Protection Inc. City of Charleston Kiawah Island Golf Resort/The Sanctuary at Kiawah College of Charleston U.S. Postal Service City of North Charleston Verizon Wireless S.C. Electric & Gas Co./SCANA Ralph H. Johnson VA Medical Center KapStone Paper and Packaging Corp. Scientific Research Corp. Goodwill Industries

Source: Center for Business Research, Charleston Metro Chamber of Commerce, 2009

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Employer Dorchester School District 2 Robert Bosch LLC Bi-Lo Stores Dorchester County IHG Caterpillar Reman Powertrain Services Coastal Center (S.C. Department of Disabilities and Special Needs) iQor Summerville Medical Center (Trident Health System) Lieber Correctional Institution Giant Cement Co. Showa Denko Carbon Inc. Knight’s Concrete Product Inc. Presbyterian Home of South Carolina Linde Material Handling N.A. Heritage Trust Federal Credit Union Scout Boats Inc. Key West Boats Inc. Lafarge North America KapStone Summerville lumber mill

# of Employees 2,900 1,625 1,300 700 650 575 475 450 425 300 250 225 225 200 200 175 175 150 130 125

Source: Center for Business Research, Charleston Metro Chamber of Commerce, 2009

Occupational Employment and Wage Estimates 2007 Metropolitan Statistical Area Atlanta-Sandy Springs-Marietta, Ga. Birmingham-Hoover, Ala. Charleston-North Charleston Charlotte-Gastonia-Concord, N.C.-S.C. Columbia Jacksonville, Fla. Knoxville, Tenn. Orlando-Kissimmee, Fla. Raleigh-Cary, N.C. Richmond, Va.

Employment 2,406,070 503,930 292,640 878,310 348,550 605,800 334,160 1,045,150 515,570 614,770

Median Hourly Wage $16.17 $13.70 $14.57 $15.67 $14.78 $14.89 $13.91 $13.93 $15.64 $16.36

Mean Hourly Wage $21.23 $17.46 $18.04 $20.43 $18.36 $18.79 $17.61 $17.94 $20.27 $20.46

Mean Annual Salary $44,170 $36,320 $37,520 $42,490 $38,180 $39,090 $36,620 $37,300 $42,170 $42,550

Notes: Employment totals do not include self-employed workers. Charleston-North Charleston includes Berkeley, Charleston and Dorchester counties. Annual wages have been calculated by multiplying the hourly mean wage by a “year-round, full-time” hours figure of 2,080 hours. Source: U.S. Department of Labor, Bureau of Labor Statistics, May 2007

Charleston Region Unemployment Rates

Berkeley Charleston Dorchester

March ’09 10.2 8.4 9.7

Feb. ’09 10.2 8.2 9.8

Jan. ’09 9.5 7.9 9.2

2008 6.2 5.3 5.7

2007 4.9 4.5 4.5

*Adjusted to incorporate revised intercensal population controls for the 1990s Source: S.C. Employment Security Commission

38 2009 Market Facts | www.charles tonbusiness.com

2006 5.6 5.1 5.2

2005 5.3 5.4 5.3

2004 5.5 5.4 5.1

2003 5.4 5.3 4.9

2002 4.5 4.7 4.3

2001 4.4 4.1 4.1

2000 3.2 3.2 3.0

1999* 5.7 3.3 3.4

1998* 2.8 2.9 3.1

1997* 4.1 4.1 3.9

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

Berkeley County’s Top 20 Employers Employer U.S. Navy Naval Weapons Station Berkeley County School District Blackbaud Inc. Santee Cooper Nucor Steel Berkeley County Alcoa Mt. Holly CR Bard Inc. T-Mobile J.W. Aluminum Wal-Mart Supercenter Goose Creek Benefitfocus BP American LaFrance Wal-Mart Supercenter North Main Albany International Carolina Nurseries DAK Americas The Daniel Island Co. Quoizel Inc.

Source: Center for Business Research, Charleston Metro Chamber of Commerce, 2009

# of Employees 13,000 3,650 2,000 1,750 900 850 600 450 450 400 400 400 400 375 350 300 250 250 200 200

# of Employees Product/Service 1,800 Mine-protected vehicles, military class vehicles Antilock brake systems, fuel injectors, common rail & Robert Bosch LLC 1,625 unit injectors KapStone Paper and Packaging Corp. 950 Paper, packaging Employer Force Protection Inc.

Nucor Steel

900 Steel roll and steel beam

Scientific Research Corp.

800 Communications and monitoring systems & equipment

Global Aeronautica LLC

650 Aircraft components manufacturing

Alcoa Mt. Holly

600 Primary aluminum ingot; aluminum smelting

Caterpillar Reman Powertrain Services

575 Remanufacturer of automobile transmissions

Cummins Turbo Technologies

550 Turbochargers & air compressors

CR Bard Inc.

450 Medical products – specialty catheter manufacturing

Detyens Shipyards Inc.

400 Shipyard; general ship repairs and modifications

J.W. Aluminum

400 Aluminum foil and sheet products

American LaFrance

375

Hill-Rom Inc.

350 Specialty medical equipment

MeadWestvaco Specialty Chemicals Division

350 Specialty chemicals used in paper and other products

Heavy-duty trucks and emergency vehicles; company headquarters

Source: Center for Business Research, Charleston Metro Chamber of Commerce, 2009

EMPLOYMENT & ECONOMIC DEVELOPMENT

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Top Manufacturing Facilities – Charleston Region

For a list of industrial staffing agencies, see pg. 16 of the 2009 Book of Lists or visit www.scbiznews.com/data.

It’s A Business Trident Health System is committed to providing a healthy and positive work environment for our staff of over 2000. We believe when our employees excel, we excel. That is why our minimum wage starts at 20% above the federal minimum wage. We offer cross training opportunities, Fellowship and Certification Programs to make it possible for staff to advance in their specialty. At Trident Health System, we realize that now, more than ever, times are tough – and we’re taking care of our family.

TridentHealthSystem.com For a physician referral call Consult-A-Nurse at 843-797-3463 (FIND). www.charlestonbusiness.com | 2009 Market Facts

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

Employment by Sector

Third Quarter 2007

Berkeley County

Sector

Source: S.C. Employment Security Commission

# employed

% employed

Natural resources, mining and construction .......................4,149.......................10.8% Manufacturing ...................................................................5,812.......................15.2% Trade, transportation and utilities .......................................8,610.......................22.4% Information ...........................................................................971.........................2.5% Financial activities .............................................................1,323.........................3.4% Professional and business services ....................................3,101.........................8.1%

EMPLOYMENT & ECONOMIC DEVELOPMENT

Educational and health services .........................................2,006.........................5.2% Leisure and hospitality industries .......................................3,277.........................8.5% Other services ...................................................................1,339.........................3.5% Government and public administration ...............................7,774.......................20.3% Totals .......................................................................38,362

Charleston County

Sector

# employed

% employed

Natural resources, mining and construction .....................13,747.........................6.5% Manufacturing .................................................................11,484.........................5.4% Trade, transportation and utilities .....................................41,074.......................19.3% Information ........................................................................3,584.........................1.7% Financial activities ...........................................................10,680.........................5.0% Professional and business services ..................................31,472.......................14.8% Educational and health services .......................................23,036.......................10.8% Leisure and hospitality industries .....................................30,678.......................14.4% Other services ...................................................................6,465.........................3.0% Government and public administration .............................40,212.......................18.9% Totals .....................................................................212,432

Dorchester County

Sector

# employed

% employed

Natural resources, mining and construction .......................3,065.......................10.0% Manufacturing ...................................................................4,758.......................15.6% Trade, transportation and utilities .......................................6,405.......................21.0% Information ...........................................................................279.........................0.9% Financial activities ................................................................961.........................3.1% Professional and business services ....................................2,424.........................7.9% Educational and health services .........................................2,586.........................8.5% Leisure and hospitality industries .......................................3,865.......................12.7% Other services ...................................................................1,092.........................3.6% Government and public administration ...............................5,102.......................16.7% Totals .......................................................................30,537

40 2009 Market Facts | www.charles tonbusiness.com

E M P L OY M E N T & E C O N O M I C D E V E L O P M E N T

2008

2007

2006

2005

2004

2003

2002

2001

2000

Alabama Florida Georgia North Carolina South Carolina Tennessee Virginia United States

June ’09

Unemployment Rates – Regional Comparison

10.1 10.6 10.1 11.0 12.1 10.8 7.2 9.4*

5.0 6.2 6.2 6.3 6.9 6.4 4.0 5.8

3.5 4.0 4.4 4.7 5.9 4.7 3.0 4.6

3.5 3.4 4.6 4.7 6.4 5.1 3.0 4.6

3.9 3.9 5.2 5.3 6.7 5.6 3.5 5.1

5.1 4.7 4.7 5.5 6.8 5.4 3.7 5.5

5.4 5.3 4.8 6.5 6.7 5.7 4.1 6.0

5.4 5.7 4.8 6.6 5.9 5.3 4.2 5.8

4.7 4.7 4.0 5.6 5.2 4.7 3.2 4.7

4.1 3.8 3.5 3.7 3.6 4.0 2.3 4.0

Carolina Acoustical & Drywall, Inc People you know... people you trust

Acoustical Ceilings Drywall Metal Studs

*Represents the unemployment rate as of July 2009. Source: U.S. Department of Labor Statistics and S.C. Employment Security Commission

Labor Force – Charleston Region Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Labor Force 260,516 269,293 266,123 260,719 268,344 278,825 288,507 296,690 304,527 313,324 320,000

Employed 253,238 260,886 257,713 249,809 256,189 264,212 273,061 280,730 289,018 298,998 302,080

Unemployed 7,278 8,407 8,410 10,910 12,155 14,613 15,446 15,960 15,509 14,326 17,920

Unemployment Rate 2.8% 3.1% 3.2% 4.2% 4.5% 5.2% 5.4% 5.4% 5.1% 4.6% 6.9%

Kevin Phipps, President and Owner

Aloft Hotel at Tanger Outlet Trident / Palmer Culinary Center Colcock Hall at MUSC Concord and Cumberland Luxury Condos College of Charleston School of Education

EMPLOYMENT & ECONOMIC DEVELOPMENT

Recent Projects include:

2561 Oscar Johnson Road, Suite C N. Charleston, SC 29405 843.746.8888

Source: U.S. Bureau of Labor Statistics

Largest International Employers – Charleston Region Company Robert Bosch LLC Global Aeronautica LLC Charleston Place Cummins Turbo Technologies Getrag Precision Gear Behr Heat Transfer Systems Inc. DAK Americas VT Milcom Giant Cement Co. BP Mediterranean Shipping Co. USA Inc. Showa Denko Carbon Inc. Cummins Mercruiser Diesel Hagemeyer North America Rotorion North America LLC Linde Material Handling N.A.

Nationality Germany Italy/U.S. (joint venture) England England Germany Germany Mexico United Kingdom Spain England Switzerland Japan England Netherlands Germany Germany

Employees 1,625 650 550 550 275 250 250 250 250 225 225 225 200 200 200 200

Source: Center for Business Research, Charleston Metro Chamber of Commerce, 2009

Proudly Serving the Lowcountry for more than 20 years. We specialize in turn-key tenant improvement work. “We say what we will do, we do what we say we will do, and we deliver our services when we say we will…Period!”

- Ed Tarr

Some of our services include: Metal Framing • Painting and Wall Coverings • Dry Wall Installation • Acoustical Ceilings • Millwork and Casework • Insulation • Doors, Trim and Hardware • Floor Coverings

1384 Remount Road | N. Charleston, S.C. 29406 | 843.566.0656 www.charlestonbusiness.com | 2009 Market Facts

EDUCATION

E D U C AT I O N

Education he demand on schools in the Charleston region continues to grow as the area’s population increases, and resources have decreased rapidly during the recession. Schools have had to make tough choices with multiple midyear budget cuts at the state level and dwindling sales tax revenue as retail spending suffered. Funding for several construction projects was in place before the financial crisis hit, and two new schools have opened recently: Ashley Ridge High School in Dorchester County and Cane Bay Elementary School in Berkeley County. Charleston County School District cut its proposed budget for the next fiscal year and closed five schools in a restructuring and consolidation program. The area is home to 25 private schools accredited by the S.C. Independent Schools Association, and it has several institutions of higher learning, including Charleston Southern University, The Citadel, the College of Charleston, the Medical University of South Carolina, Southern Wesleyan University and Trident Technical College. College students also have access to a variety of programs through the Lowcountry Graduate Center. The Charleston-North Charleston region beats the national average for college-educated professionals, with 28.6% of the population holding at least a bachelor’s degree. That figure is also more than the state average of 22.8%.

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42 2009 Market Facts | www.charles tonbusiness.com

At a Glance: Charleston Region Public Schools................................ 44 Annual Graduation & Dropout Rates ........... 44 2008 Annual School Report Card................ 44 Charleston Region PACT Performance ........ 44 College Admissions Tests for Charleston Region School Districts – ACT .................... 46 College Admissions Tests for Charleston Region School Districts – SAT ... 46 S.C. Private School and Home-Schooled Students .......................... 46 10-Year Analysis of Total Headcount Enrollment................................ 47 10-Year Summary of Degrees Awarded...... 47 Charleston Region Enrollment by Grade 2008-09 .................... 48 Tuition Costs for Charleston Region Colleges and Universities (Full-Time Undergraduate Students)........... 48 Percent of Population 25 and Older with a High School Diploma or Higher ........ 48 Statewide Scholarship Award Amount Totals 2006-07 Academic Year (Fall, Winter, Spring and Summer) .............. 48 Average Total Contracted Salary for Classroom Teachers in S.C. 2007-08 .... 49

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E D U C AT I O N

EDUCATION

At a Glance: Charleston Region Public Schools Berkeley County School District Anthony L. Parker, superintendent 229 E. Main St. Moncks Corner, SC 29461 Phone: 843-899-8600 Fax: 843-899-8791 www.berkeley.k12.sc.us Number of students ..................... 28,360 Number of schools .............................. 35 Number of magnet schools ................... 3 Number of charter schools .................... 0 Dollars spent per pupil ................$7,868* Average administrator salary ..... $80,078 Average teacher salary .............. $45,395

Dorchester School District 2 Joseph R. Pye, superintendent 102 Green Wave Blvd. Summerville, SC 29483 Phone: 843-873-2901 Fax: 843-832-5539 www.dorchester2.k12.sc.us Number of students ..................... 21,201 Number of schools .............................. 19 Number of magnet schools ................... 0 Number of charter schools .................... 0 Dollars spent per pupil ................$7,206* Average administrator salary ..... $77,199 Average teacher salary .............. $44,018

Charleston County School District Nancy J. McGinley, superintendent 75 Calhoun St. Charleston, SC 29401 Phone: 843-937-6319 Fax: 843-937-6323 www.ccsdschools.com Number of students ..................... 42,215 Number of schools .............................. 80 Number of magnet schools ................. 12 Number of charter schools .................... 7 Dollars spent per pupil ................$9,413* Average administrator salary ..... $74,027 Average teacher salary .............. $44,354

Dorchester School District 4 Jerry Montjoy, superintendent 500 Ridge St. St. George, SC 29477 Phone: 843-563-4535 Fax: 843-563-9269 www.dorchester4.k12.sc.us Number of students ....................... 2,291 Number of schools ................................ 5 Number of magnet schools ................... 0 Number of charter schools .................... 0 Dollars spent per pupil ..............$10,840* Average administrator salary ..... $76,421 Average teacher salary .............. $46,540

*Based on 2007 audited financial data Source: 2008 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

2008 Annual School Report Card (Ratings over a five-year period) Berkeley County School District Year Absolute Rating 2008........................................ Average 2007 ....................................... Average 2006........................................ Average 2005........................................ Average 2004.............................................Good

Dorchester School District 2 Year Absolute Rating 2008........................................ Average 2007........................................ Average 2006........................................ Average 2005.............................................Good 2004.............................................Good

Charleston County School District Year Absolute Rating 2008........................................ Average 2007..............................Below Average 2006..............................Below Average 2005 ............................................Good 2004.............................................Good

Dorchester School District 4 Year Absolute Rating 2008..............................Below Average 2007......................................... At-Risk 2006..............................Below Average 2005..............................Below Average 2004........................................ Average

Excellent – District performance substantially exceeds the standards for progress toward the 2010 S.C. Performance Goal. Good – District performance exceeds the standards for progress toward the 2010 S.C. Performance Goal. Average – District performance meets the standards for progress toward the 2010 S.C. Performance Goal. Below Average – District is in jeopardy

of not meeting the standards for progress toward the 2010 S.C. Performance Goal. At-Risk – School performance fails to meet the standards for progress toward the 2010 S.C. Performance Goal. S.C. Performance Goal: By 2010, South Carolina’s student achievement will be ranked in the top half of the states nationally. To achieve this goal, we must become one of the fastest-improving systems in the country.

Source: 2008 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

44 2009 Market Facts | www.charles tonbusiness.com

Annual Graduation & Dropout Rates 100%

Graduation Rate =

Dropout Rate =

90% 80% 70%

76.4%

73.0%

70.5%

73.5%

60% 50% 40% 30% 20% 10% 0%

6.3% Berkeley County School District

6.1%

2.7% Charleston County School District

2.0% Dorchester School District 2

Dorchester School District 4

Source: 2008 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

Charleston Region PACT Performance English/ Language Arts Number Tested Below Basic Basic Proficient Advanced Mathematics Number Tested Below Basic Basic Proficient Advanced Science Number Tested Below Basic Basic Proficient Advanced Social Sciences Number Tested Below Basic Basic Proficient Advanced

Berkeley 12,534 23.40% 39.6% 31.6% 5.5% Berkeley 12,531 24.3% 43.4% 18.2% 14.1% Berkeley 8,340 30.7% 34.2% 17.5% 17.6% Berkeley 8,343 27.2% 38.3% 17.6% 16.9%

Charleston 17,920 22.0% 34.6% 34.0% 6.1% Charleston 17,920 23.4% 37.4% 18.6% 20.6% Charleston 11,896 32.6% 28.0% 16.1% 23.3% Charleston 11,867 25.9% 34.1% 16.1% 23.9%

Dorchester 2 9,795 16.2% 37.8% 37.2% 8.8% Dorchester 2 9,795 19.8% 42.2% 20.6% 17.4% Dorchester 2 6,544 25.2% 32.8% 19.7% 22.4% Dorchester 2 6,506 21.2% 35.7% 19.2% 23.9%

Source: 2008 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education

Dorchester 4 991 31.5% 41.6% 23.4% 3.6% Dorchester 4 991 34.1% 44.2% 13.0% 8.6% Dorchester 4 672 41.6% 31.8% 14.1% 12.5% Dorchester 4 669 34.5% 38.1% 14.7% 12.7%

Invest in Your Employees Research shows that training can have a measurable impact on performance and the bottom line. Staff members who receive formal training can be

230 percent more productive than untrained colleagues who are working in the same role*. *Source: Smith A., 2001 Return on Investment in Training: Research Readings

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E D U C AT I O N

S.C. Private School and Home-Schooled Students

College Admissions Tests for Charleston Region School Districts â&#x20AC;&#x201C; ACT School District Berkeley County Charleston County Dorchester 2 Dorchester 4 South Carolina Nation

English 2007 2008 17.8 18.2 18.7 19.7 20.8 21.4 14.2 15.3 18.9 19.2 20.6 20.6

Math 2007 2008 18.7 19.2 19.5 20.4 21.5 22.0 16.7 16.5 19.7 20.1 20.8 21.0

Reading 2007 2008 18.9 18.8 19.7 20.3 21.4 21.6 15.4 15.4 19.7 20.0 21.4 21.4

Science 2007 2008 19.0 19.0 19.5 20.0 21.1 21.5 16.4 16.6 19.4 19.7 20.9 20.8

Total 2007 2008 18.7 18.9 19.5 20.2 21.3 21.7 15.8 16.1 19.5 19.9 21.1 21.1

Source: 2008 State of South Carolina Education Accountability Act Report Cards, S.C. Department of Education

College Admissions Tests for Charleston Region School Districts â&#x20AC;&#x201C; SAT

EDUCATION

School District Berkeley County Charleston County Dorchester 2 Dorchester 4 South Carolina Nation

Critical Reading 2007 2008 486 488 489 488 497 495 429 438 488 488 502 502

Math 2007 2008 498 501 493 491 518 509 484 420 496 497 515 515

Writing 2007 2008 462 471 476 479 481 480 444 407 475 476 494 494

Total 2007 984 982 1,015 914 984 1,017

2008 1,459 1,458 1,484 1,265 1,461 1,511

School Year 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08

Estimated Total Students Private % School Change 46,966 50,752 8.1% 53,512 5.4% 53,496 0.0% 54,364 1.6% 55,231 1.6% 56,673 2.6% 58,931 4.0% 54,306 -7.8% 52,603 -3.1% 54,067 2.8% 54,622 1.0% 54,121 -0.9% 54,401 0.5%

Estimated Total Students Home % School Change 3,200 3,350 4.7% 3,450 3.0% 4,646 34.7% 5,842 25.7% 8,347 42.9% 9,471 13.5% 11,185 18.1% 12,608 12.7% 13,518 7.2% 14,448 6.9% 14,729 1.9% 14,747 0.1% 15,377 4.3%

Source: S.C. Budget and Control Board Office of Research and Statistics, Economic Research, Surveys of Private Schools and School Districts

F a list of colleges and universities, see For ppg. 48 of the 2009 Book of Lists or visit www.scbiznews.com/data. w

Source: 2008 State of South Carolina Education Accountability Act Report Cards, S.C. Department of Education

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46 2009 Market Facts | www.charles tonbusiness.com

E D U C AT I O N

10-Year Analysis of Total Headcount Enrollment

Medical University of S.C. The Citadel College of Charleston Trident Technical College Charleston Southern University Limestone College Southern Wesleyan University

Fall ’97 2,326 3,766 10,854 8,730 2,480 1,633 1,337

Fall ’98 2,353 4,015 11,552 9,106 2,445 1,784 1,325

Fall ’99 2,383 3,968 11,624 9,882 2,594 2,009 1,527

Fall ’00 2,346 3,872 11,129 10,246 2,603 1,967 1,803

Fall ’01 2,297 4,001 11,617 10,461 2,682 2,067 2,166

Fall ’02 2,260 4,058 11,716 11,251 2,849 2,448 2,301

Fall ’03 2,303 3,695 11,536 11,791 2,990 2,753 2,430

Fall ’04 2,433 3,351 11,607 11,795 2,875 3,024 2,632

Fall ’05 2,499 3,386 11,332 11,407 3,022 3,218 2,632

Fall ’06 2,498 3,306 11,218 11,808 3,224 3,264 2,557

Fall ’07 2,537 3,300 11,316 12,076 3,286 3,396 2,445

% Change ’07 over ’07 over ’06 ’98 1.6% 7.8% -2.4% -12.2% 0.9% -2.0% 2.3% 32.6% 1.9% 34.4% 4.0% 90.4% -4.4% 84.5%

Source: 2008 S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education

10-Year Summary of Degrees Awarded % Change 1997 -98 755 630 1,755 745 348 381 253

1998 -99 684 628 1,897 713 394 344 302

1999 -00 715 561 1,971 789 368 399 343

2000 -01 730 564 1,963 848 353 433 324

2001 -02 739 606 1,961 884 375 419 442

2002 -03 706 682 2,282 982 433 485 563

2003 -04 674 682 2,251 956 398 495 760

2004 -05 717 743 2,214 920 394 678 766

2005 -06 811 670 2,270 996 476 735 796

2006 -07 801 806 2,237 998 536 796 898

2006-07 Over 2005-06 -1.2% 20.3% -1.5% 0.2% 12.6% 8.3% 12.8%

2006-07 Over 1997-98 6.1% 27.9% 27.5% 34.0% 54.0% 108.9% 254.9%

EDUCATION

Medical University of S.C. The Citadel College of Charleston Trident Technical College Charleston Southern University Limestone College Southern Wesleyan University

1996 -97 741 675 1,705 795 340 394 331

Source: 2008 S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education

ECPI College of Technology and Medical Careers Institute offers higher education for working adults, plus: • In-demand career fields • Flexible class schedules • Day or Evening classes • Online classes • Placement Assistance • Hands-on education • Industry-driven curriculum • VA approved • Veteran Scholarships • Financial Aid available to those who qualify

Bachelor and Associate Programs: • Business Administration • Computer and Information Science • Electronic Engineering Technology • Healthcare Administration • Medical Assisting

Technology – Medical – Business Make the call that will change your life!

866.708.6166 www.ecpi.edu www.charlestonbusiness.com | 2009 Market Facts

E D U C AT I O N

Charleston Region Enrollment by Grade 2008-09 District Berkeley Charleston Dorchester 2 Dorchester 4 State Totals

K 2,147 3,390 1,592 168 52,331

1 2,355 3,429 1,575 175 54,577

2 2,283 3,351 1,707 162 55,252

3 2,275 3,334 1,698 169 55,304

4 2,078 3,245 1,670 151 53,827

5 2,027 3,059 1,651 171 53,112

6 2,129 2,926 1,701 152 52,538

7 2,115 2,822 1,682 165 52,588

8 2,203 2,829 1,680 184 53,139

9 2,219 3,802 2,009 213 64,285

10 2,006 3,127 1,688 176 54,669

11 2,097 2,561 1,289 130 46,478

12 1,677 2,488 1,314 141 43,270

TOTAL 27,610 40,363 21,254 2,156 691,371

Source: S.C. Department of Education

Percent of Population 25 and Older with a High School Diploma or Higher

EDUCATION

Tuition Costs for Charleston Region Colleges and Universities (Full-Time Undergraduate Students) In-State* Out-of-State* Per Academic Year – Public Colleges and Universities Medical University of South Carolina** $10,790 $20,588 The Citadel $7,735 $19,291 College of Charleston $7,778 $18,732 Trident Technical College $3,220 $6,100 Per Academic Year – Independent Colleges and Universities Charleston Southern University $17,795 $17,795 Limestone College $15,900 $15,900 Southern Wesleyan University $17,200 $17,200

Dormitory/ Board*** N/A $5,390 $8,495 N/A $6,772 $6,200 $7,050

* Includes spring tuition increase where applicable. ** Includes Pharmacy, Nursing and Health Professions only. ***Meals per week not available. Source: 2008 S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education

United States South Carolina Atlanta-Sandy Springs-Marietta, Ga., Metro Area Charleston-North Charleston Metro Area Charlotte-Gastonia-Concord, N.C.S.C., Metro Area Columbia Metro Area Greenville-Mauldin-Easley Metro Area Myrtle Beach-Conway-North Myrtle Beach Metro Area Orlando-Kissimmee, Fla., Metro Area Savannah Metro Area

% high school diploma or higher 84.0% 81.4%

% bachelor’s degree or higher 27.0% 22.8%

86.0%

33.5%

86.7%

28.6%

85.4%

31.2%

85.6%

29.4%

80.9%

25.6%

85.8%

20.6%

86.4%

27.4%

85.6%

26.2%

Source: U.S. Census Bureau, 2005-2007 American Community Survey

Statewide Scholarship Award Amount Totals 2006-07 Academic Year (Fall, Winter, Spring and Summer)

Total dollars: $245,161,926

Need-based grants – 9.955% $24,406,354

Palmetto Fellows Scholarship – 12.812% $31,410,350 Legislative Incentives for Future Excellence Scholarship – 54.795% $134,337,002

Source: 2008 S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education

48 2009 Market Facts | www.charles tonbusiness.com

Lottery Tuition Assistance Program – 19.870% $48,712,469

S.C. HOPE Scholarship – 2.568% $6,295,751

E D U C AT I O N

Average Total Contracted Salary for Classroom Teachers in S.C. 2007-08

Rank 42 20 86 34 27 57 46 54 61 65 71 81 39 6 44 24 55 52 32 43 78 62 69 58 31 85 64 80 56 19 50 45 40 49 74 63 35 7 53 48 84 37 51

District Hampton 2 Horry Jasper Kershaw Lancaster Laurens 55 Laurens 56 Lee Lexington 1 Lexington 2 Lexington 3 Lexington 4 Lexington 5 Marion 1 Marion 2 Marion 7 Marlboro McCormick Newberry Oconee Orangeburg 3 Orangeburg 4 Orangeburg 5 Pickens Richland 1 Richland 2 Saluda Spartanburg 1 Spartanburg 2 Spartanburg 3 Spartanburg 4 Spartanburg 5 Spartanburg 6 Spartanburg 7 Sumter 17 Sumter 2 Union Williamsburg York 1 York 2 York 3 York 4 State Average

Average Teacher Salary $41,370 $47,556 $46,215 $46,924 $45,860 $43,743 $45,616 $41,894 $46,205 $46,900 $46,801 $40,894 $49,662 $41,147 $42,750 $40,500 $41,226 $42,493 $42,627 $44,945 $47,084 $46,574 $46,900 $46,402 $48,054 $47,351 $40,501 $47,035 $46,264 $48,917 $47,165 $46,634 $46,767 $48,548 $43,770 $41,822 $45,904 $42,277 $47,288 $48,557 $47,287 $47,570 $45,758

Rank 75 9 29 16 36 60 41 72 30 18 21 79 1 77 66 83 76 68 67 47 14 25 17 26 5 10 82 15 28 2 13 23 22 4 59 73 33 70 11 3 12 8 38

EDUCATION

District Abbeville Aiken Allendale Anderson 1 Anderson 2 Anderson 3 Anderson 4 Anderson 5 Bamberg 1 Bamberg 2 Barnwell 19 Barnwell 29 Barnwell 45 Beaufort Berkeley Calhoun Charleston Cherokee Chester Chesterfield Clarendon 1 Clarendon 2 Clarendon 3 Colleton Darlington Dillon 1 Dillon 2 Dillon 3 Dorchester 2 Dorchester 4 Edgefield Fairfield Florence 1 Florence 2 Florence 3 Florence 4 Florence 5 Georgetown Greenville Greenwood 50 Greenwood 51 Greenwood 52 Hampton 1

Average Teacher Salary $45,555 $46,833 $38,459 $45,893 $46,368 $43,970 $45,107 $44,433 $43,590 $42,938 $42,160 $40,697 $45,673 $47,914 $45,430 $46,626 $44,394 $44,489 $46,191 $45,535 $41,083 $43,193 $42,419 $43,957 $46,201 $39,511 $43,067 $40,764 $43,973 $46,873 $44,721 $45,343 $45,632 $44,722 $41,821 $43,099 $45,884 $47,624 $44,454 $44,791 $40,481 $45,804 $44,657

Note: “Teacher” includes classroom teacher, child development teacher, kindergarten teacher, special education teacher (itinerant, resource, and self-contained), speech therapist, purchased service teacher and teacher specialist. Includes teachers employed full time (1.0) with a contract length of 190 days or more. Excludes extracurricular supplements. Includes supplement for national board certification. “Average salary summary, 2007-08 final information.” Source: S.C. Department of Education, Office of Data Management & Analysis, “Average Salary Summary, 2007-08 Final Information.”

www.charlestonbusiness.com | 2009 Market Facts

IMPORT/EXPORT & DISTRIBUTION

Import/Export & Distribution

Charleston International Airport Freight Activity (in pounds) ................................52

hough container volume has been declining for several years, the S.C. State Ports Authority continues on its strategic plan of adding shipping lines, growing existing business in Charleston and Georgetown and sprucing up its cruise ship terminal in hopes of drawing new passenger vessels. A new container terminal in North Charleston is under construction to expand capacity by 50%, and the SPA inked an eight-year deal with Mediterranean Shipping Co. in May. The authority has grown its noncontainerized bulk and break bulk business by forming strategic private partnerships with businesses across the state, primarily in the Upstate. The SPA has faced economic and political challenges in recent months. The global economic decline in shipping has hurt all of the nation’s ports during the past two years, and South Carolina has been no exception. In addition, Maersk Line announced it will pull its ships out of Charleston by 2011. The Port of Charleston ended fiscal 2009 with a nearly 20% decline in container traffic. Of the nation’s 10 busiest ports, the only ones to register steeper volume drops between July 1, 2008, and June 30, 2009, were the Port of Seattle at 21.1% and the Port of Long Beach, Calif., at 20.0%. The Port of Savannah’s year-over-year drop during that period was 10.5%, from about 2.69 million TEUs to 2.41 million TEUs.

Port of Charleston Top 20 Import Commodities 2008 ................................52

This section is sponsored by:

U.S. Waterborne Foreign Container Trade by U.S. Custom Ports in Metric Tons – Southern Ports ...52 Port of Charleston Activity .................................52 Port of Charleston Top 20 Export Commodities 2008 .................................53 Port of Charleston Top 20 Export Destinations ...53 Port of Charleston Top 20 Import Points of Origin53 U.S. Waterborne Container Exports by U.S. Custom Ports in Metric Tons – Southern Ports................54 U.S. Waterborne Container Imports by U.S. Custom Ports in Metric Tons – Southern Ports................54 Vehicle Miles Traveled by Truck in South Carolina .....................................54 Port of Charleston Trade Lane Breakdown 2008......................................55

50 2009 Market Facts | www.charles tonbusiness.com

DIRECT TO CONSUMER AND RETAIL CUSTOMERS FULFILLMENT SERVICES

Blackhawk is a Charleston, SC based value-added warehousing and logistics provider, specializing in: · · · · · · · · · · ·

Warehousing & Distribution Pick & Pack Fulfillment Point of purchase display fulfillment Packaging and assembly Bulk truck loading CSX Rail Serviced Cross docking JIT logistic services Certified Hazardous Materials handling & transportation Container drayage specializing in overweight and haz mat hauling Company drivers & Company trucks = Dependable Service

“Our depth of experience, can-do attitude and premier warehouse facilities allow us to provide solutions for any logistics challenge.” - Jerry Ward

Blackhawk’s 24/7 secured and guarded facility is located within close proximity of all the ports and industrial base. Blackhawk complex has 505,000 sq. ft. of 100% sprinkler protected warehouse space on 34 acres, 5 acres of truck parking, 45 truck doors, and 20 rail doors.

24/7 ACCESS MULTI-AXLE AUTOMATED CERTIFIED PUBLIC TRUCK SCALE 1 mile north off I-526 exit 19 - $5 cash or credit card / $2 re-weigh

Blackhawk Logistics, LLC 5801 N. Rhett, Charleston, SC 29406 Phone: (843) 554-7647 Fax: (843) 744-8355 www.blackhawklogistics.com solutions@blackhawklogistics.com

IMPORT/EXPORT & DISTRIBUTION

Charleston International Airport Freight Activity (in pounds) Year

Enplaned

Deplaned

2003

1,367,518

9,511,442

2004

1,329,988

12,127,778

2005

1,432,239

13,464,555

2006

2,720,105

13,005,222

2007

4,187,629

16,480,551

2008

4,366,232

14,942,868

2009

2,251,044

6,275,871

Note: 2009 information includes January-May activity. Source: Charleston County Aviation Authority

IMPORT/EXPORT & DISTRIBUTION

U.S. Waterborne Foreign Container Trade by U.S. Custom Ports in Metric Tons â&#x20AC;&#x201C; Southern Ports U.S. Custom Ports Savannah Norfolk, Va. Charleston Port Everglades, Fla. Miami New Orleans Gulfport, Miss. West Palm Beach, Fla. Jacksonville, Fla. Wilmington, N.C. Mobile, Ala. Richmond-Petersburg, Va. Tampa, Fla. Newport News, Va. Panama City, Fla. Fernandina Beach, Fla. Fort Pierce, Fla. Port Manatee, Fla. Gramercy, La. Lake Charles, La. Port Canaveral, Fla. Morgan City, La. Beaufort-Morehead Cty, N.C. Pascagoula, Miss. Pensacola, Fla. Brunswick, Ga. Avondale, La. Baton Rouge, La. Destrehan, La. Georgetown Nashville, Tenn.

2005 2006 2007 2008 12,580,461 13,440,786 17,137,946 17,894,611 10,702,832 11,582,726 13,239,789 13,444,473 12,628,992 12,336,742 11,689,853 11,034,203 4,478,945 4,940,173 5,417,518 5,281,599 6,365,672 6,197,631 5,293,509 5,145,905 2,108,266 2,098,799 2,804,948 2,668,168 1,449,977 1,319,670 1,396,009 1,433,904 1,199,741 1,142,856 1,202,278 1,211,354 1,259,062 1,218,689 1,144,904 1,201,659 729,632 930,755 1,185,370 1,151,618 218,358 409,415 566,859 649,059 370,790 352,832 374,561 392,844 101,578 150,733 242,228 267,062 987,345 674,447 529,757 241,009 83,099 270,303 259,223 239,403 156,312 189,544 149,876 154,086 19,631 21,659 25,594 106,763 35,028 46,433 36,029 49,526 17,585 22,890 24,593 18,512 8,048 4,030 10,043 13,409 10,043 816 1,091 1,162 0 0 758 509 721 37 137 279 3,851 43 35 222 178 43 5,442 66 120 54 229 7 0 0 0 0 149 1,567 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Note: Statistics exclude postal and military shipments; statistics include government and nongovernment shipments by vessels into and out of U.S. foreign trade zones, the 50 states, the District of Columbia and Puerto Rico. Source: Port Import Export Reporting Service; data collected from vessel manifests and bills of lading

52 2009 Market Facts | www.charles tonbusiness.com

Port of Charleston Top 20 Import Commodities 2008 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Commodity Furniture Auto parts Sheets, towels, blankets Miscellaneous general cargo Fabrics, including raw cotton Auto and truck tires and tubes Menswear Miscellaneous apparels Womenâ&#x20AC;&#x2122;s and infant wear Paper and paperboard, including waste Miscellaneous yarns Miscellaneous machinery parts Miscellaneous plastic products Household goods Miscellaneous machinery, cassettes players Miscellaneous metalware Engines, motors and parts Miscellaneous hardware Logs and lumber Medical equipment and supplies Total Top 20 Import Commodities Total Imports

TEUs % of Total 55,485 8% 49,453 7% 29,564 4% 23,966 3% 23,778 3% 22,193 3% 17,804 3% 15,109 2% 15,037 2% 11,968 2% 11,236 2% 10,511 2% 9,140 1% 8,681 1% 8,543 1% 8,349 1% 8,118 1% 7,981 1% 7,944 1% 7,749 1% 349,609 47% 747,118 100%

Source: 2008 Port Import Export Reporting Service; data is loaded import and export boxes only.

Port of Charleston Activity Measured in TEUs (20-foot equivalent units) 2,000,000

1,800,000

1,600,000

1,400,000

1,200,000

1,000,000

800,000

600,000

400,000

200,000

1998

1999

2000

Source: S.C. State Ports Authority

2001

2002

2003

2004

2005

2006

2007 2008

IMPORT/EXPORT & DISTRIBUTION

Port of Charleston Top 20 Export Commodities 2008 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Port of Charleston Top 20 Export Destinations TEUs 89,083 46,159 26,901 26,879 26,704 18,872 18,042 17,587 16,795 12,739 12,573 11,470 10,519 10,243 9,197 7,506 7,447 7,279 6,961 6,724 389,679 639,270

% of Total 14% 7% 4% 4% 4% 3% 3% 3% 3% 2% 2% 2% 2% 2% 1% 1% 1% 1% 1% 1% 61% 100%

Source: 2008 Port Import Export Reporting Service; data is loaded import and export boxes only.

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Germany Belgium/Luxembourg Netherlands United Kingdom China Brazil India Japan Italy France Republic of South Africa Saudi Arabia Argentina Russia Chile Colombia United Arab Emirates Honduras Egypt Taiwan Total Top 20 Export Destinations Total Exports

% of Total 10% 8% 7% 6% 6% 5% 4% 4% 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 1% 1% 74% 100%

Source: 2008 Port Import Export Reporting Service; data is loaded import and export 20-foot equivalent units only

ACO Distribution & Warehousing, Inc.

Rank 1

China

% of Total 21%

Germany

14%

India

Netherlands

Pakistan

Brazil

Belgium/Luxembourg 3%

Japan

Italy

United Kingdom

France

Chile

Indonesia

Republic of South Africa

Bangladesh

Honduras

Thailand

Austria

South Korea

Vietnam

Source: 2008 Port Import Export Reporting Service; data is loaded import and export 20-foot equivalent units only

J. E. Oswalt & Sons, Inc. Port Operations

The Port Connection for transloading of overdimensional bulk break cargo such as turbines, generators, transformers and other components requiring special handling or storage.

Tel: (803) 534-1927

Fax: (803) 534-2079

IMPORT/EXPORT & DISTRIBUTION

Commodity Paper and paperboard, including waste Wood pulp Fabrics, including raw cotton Miscellaneous general cargo Auto parts Automobiles Synthetic resins, NSPH Logs and lumber Unclassifiable chemicals Poultry, chiefly fresh and frozen Mixed metal scrap Auto and truck tires and tubes Miscellaneous machinery, cassette players Lawn and garden equipment Grapefruit and lemons Miscellaneous machinery parts Staple fibers Miscellaneous plastic products Furniture Empty containers, drums, etc. Total Top 20 Commodities Total Exports

Port of Charleston Top 20 Import Points of Origin

Equipment based at the port includes a 400 Ton Gantry System that is permanently stationed on a railsite, a 500 Ton Shearleg Derrick Crane on a barge that can service any of the Port’s Terminals, (3) Hydraulic Platform Trailers, Prime Movers and other support equipment.

• Distribution & Warehousing • Crossdocking/Transloading • 388,00 Sq.Ft. of Dry Storage • 188 Acres (172 Fenced) • Rail Served by Norfolk Southern • 100 Acres of container storage • Consolidation/Deconsolidation Center • Container Stacking Availability • Chassis Switches Available For Information, please contact: Tommy Alexander Mobile # (843) 250-8241 2500 Rowesville Road • Orangeburg, S.C. 29115 tommyaco@bellsouth.net

Contact: David Oswalt Of¿ce: 800-922-5639 • 803-532-5121 • Cell: 803-917-2066 jeoswaltandsons@aol.com

www.charlestonbusiness.com | 2009 Market Facts

IMPORT/EXPORT & DISTRIBUTION

U.S. Waterborne Container Exports by U.S. Custom Ports in Metric Tons â&#x20AC;&#x201C; Southern Ports

IMPORT/EXPORT & DISTRIBUTION

U.S. Custom Ports Savannah Norfolk, Va. Charleston Port Everglades, Fla. Miami New Orleans West Palm Beach, Fla. Jacksonville, Fla. Wilmington, N.C. Gulfport, Miss. Mobile, Ala. Richmond-Petersburg, Va. Fernandina Beach, Fla. Panama City, Fla. Tampa, Fla. Newport News, Va. Fort Pierce, Fla. Lake Charles, La. Gramercy, La. Port Manatee, Fla. Port Canaveral, Fla. Pascagoula, Miss. Baton Rouge, La. Beaufort-Morehead Cty, N.C. Brunswick, Ga. Destrehan, La. Pensacola, Fla.

2005 7,152,327 4,840,288 5,735,524

2006 7,434,799 5,126,431 5,615,507

2,220,907 2,415,536 1,305,845 936,381 754,673 357,455 623,046 107,378 167,746 81,285 45,398 47,433 357,587 15,484 7,607 4,029 4,090 1,564 16 0 98 0 0 0

2,435,240 2,241,636 1,208,395 927,881 736,944 509,389 547,597 190,946 145,948 107,873 150,678 48,573 264,037 15,407 4,003 2,173 2,314 5 0 6 19 0 0 0

2007 2008 9,719,344 10,396,199 6,648,806 7,196,549 5,800,313 5,679,044 2,743,185 2,306,391 1,864,754 938,784 733,128 703,638 578,172 294,530 170,689 106,323 139,878 76,590 238,964 12,393 9,522 6,026 3,720 0 35 0 11 92 0 5,442

2,864,973 2,574,368 1,685,443 937,348 740,050 638,174 583,902 375,549 190,813 139,676 126,274 108,017 96,817 90,563 13,035 6,625 5,128 335 199 0 0 0 0 0

Note: Statistics exclude postal and military shipments. Source: Port Import Export Reporting Service; data collected from vessel manifests and bills of lading

U.S. Waterborne Container Imports by U.S. Custom Ports in Metric Tons â&#x20AC;&#x201C; Southern Ports U.S. Custom Ports Savannah Norfolk, Va. Charleston Miami Port Everglades, Fla. New Orleans Gulfport, Miss. Wilmington, N.C. Jacksonville, Fla. West Palm Beach, Fla. Mobile, Ala. Richmond-Petersburg, Va. Tampa, Fla. Newport News, Va. Panama City, Fla. Port Manatee, Fla. Fort Pierce, Fla. Fernandina Beach, Fla. Gramercy, La. Port Canaveral, Fla. Morgan City, La. Lake Charles, La. Beaufort-Morehead Cty, N.C. Pensacola, Fla. Pascagoula, Miss. Brunswick, Ga. Avondale, La. Baton Rouge, La. Georgetown Nashville, Tenn.

2005 5,428,134 5,862,544 6,893,467 3,950,136 2,258,038 802,420 826,931 372,176 504,389 263,359 110,980 203,044 54,146 629,758 37,701 30,939 4,147 75,027 13,556 8,479 0 441 623 178 3,835 120 0 149 0 0

2006 6,005,987 6,456,294 6,721,235 3,955,994 2,504,934 890,403 772,073 421,365 481,745 214,975 218,469 206,884 102,160 410,410 119,625 44,118 6,252 81,672 20,717 811 0 27 18 43 43 54 0 1,562 0 0

2007 7,418,602 6,590,983 5,889,540 2,987,118 2,674,334 940,194 817,837 481,732 411,776 263,494 272,328 203,872 165,638 290,793 119,345 32,310 13,201 43,553 18,567 1,091 758 521 126 0 0 138 0 0 0 0

2008 7,498,412 6,247,923 5,355,159 2,571,537 2,416,626 982,725 850,002 513,444 461,609 274,006 273,510 202,031 159,046 144,192 113,128 44,398 16,199 14,410 11,888 827 509 374 279 66 23 7 0 0 0 0

Note: Statistics exclude postal and military shipments. Source: Port Import Export Reporting Service; data collected from vessel manifests and bills of lading.

Vehicle Miles Traveled by Truck in South Carolina Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Total Miles of Public Roads 64,894 64,902 64,921 66,167 66,194 66,230 66,250 66,238 66,242 66,248

Vehicle Miles Traveled by All Vehicles (Millions) 42,821 44,146 45,538 46,601 47,290 48,120 49,551 49,434 50,199 51,109

Vehicle Miles Traveled by Trucks (Millions) 3,399 4,442 4,618 4,470 6,042 5,326 5,424 4,749 5,083 5,254

Source: Federal Highway Administration

54 2009 Market Facts | www.charles tonbusiness.com

Percentage of All Vehicle Miles iles Traveled by Truck k 8% 10% 10% 10% 13% 11% 11% 10% 10% 10%

F a list of freight forwarders, see pg. 36 of the For 22009 Book of Lists or visit www.scbiznews.com/data.

IMPORT/EXPORT & DISTRIBUTION

MARKET FACT In fiscal 2008, the Port of Charleston was one of the busiest container ports along the Southeast and Gulf coasts. It is recognized as one of the nation’s most efficient and productive ports. The Charleston Customs district ranks as the nation’s sixth-largest in dollar value of international shipments, with cargo valued at more than $60 billion annually. Source: S.C. State Ports Authority

Port of Charleston Trade Lane Breakdown 2008 Africa 4% Central America 4% East Europe 3% India & Other Asia 10% Mediterranean 5% Middle East 4% North Europe 34% Northeast Asia 20% South America East Coast 6% South America West Coast 4%

10%

20%

30%

40%

Source: 2008 Port Import Export Reporting Service; data is loaded import and export boxes only

IMPORT/EXPORT & DISTRIBUTION

Southeast Asia 3%

H O NE ST Y. INT E G R IT Y. I N ALL T HAT WE DO.

22 ofﬁces throughout the Southeast In Charleston 843.884.0005/www.smeinc.com

www.charlestonbusiness.com | 2009 Market Facts

HOSPITALITY & TOURISM

H O S P I TA L I T Y & T O U R I S M

Hospitality & Tourism

Golf Course Statistics by Region and Type of Course................58

harleston’s legacy as a tourist destination of choice continues to be strong even through the recession. Cruise ship calls increased from 2007 to 2008, and the bustling tourist traffic — along the historic streets; at world-class restaurants; and at attractions such as Waterfront Park, the S.C. Aquarium, Fort Sumter, Patriots Point and the area’s beaches — show that the region is a constant draw from the state, the nation and beyond. The city and region have once again put up a list of accolades and top rankings from travel and tourism magazines. The recession has taken a bite out of the tourism-based economy across South Carolina, with accommodations tax revenue down in all areas of the region as well as along the Grand Strand. According to a monthly report from the College of Charleston’s Office of Tourism Analysis, county hotels sold 347,459 room nights in June 2009, down 4.4% from 2008 — and June 2008’s 363,386 room nights sold were already down 2.9% from the previous year. At midyear 2009, the average occupancy rate was 68.3%. The average year-end occupancy rate for 2008 was 69.3%. Despite the downturn, investment in tourism-related attractions continues, with the opening of Memorial Waterfront Park along the banks of the Cooper River in Mount Pleasant and Riverfront Park in North Charleston.

Top Origins of Visitors .......................58

This section is sponsored by:

Domestic Travel Impact in Top 5 Counties ..................................58 North American Cruises by Departure Port – Southern Ports .......60 North American Cruise Passengers by Departure Port – Southern Ports (Passengers in Thousands)................61 Charleston Region Tourism Overview ...62 Average expenditures in Charleston ..62 Charleston County Hotel/Motel/Inn & B&B Occupancy Trends .....................62 Charleston Region’s Greatest Assets .................................63 Charleston Region 2% Accommodations Tax Revenue Distribution, Full Fiscal Year 2008-2009 .......................................64

56 2009 Market Facts | www.charles tonbusiness.com

We saved you a seat. Reserve your seat and bring along a good book or a good friend. Spend an afternoon enjoying your own little piece of waterfront property. Let yourself bask in the serenity of your Charleston County Parks. Another healthy lifestyle idea brought to you by your Charleston County Parks.

H O S P I TA L I T Y & T O U R I S M

MARKET FACT

Economic Impact

Top Origins of Visitors

In 2007, golf courses and the off-course expenditures of visiting golfers had a billion-dollar economic impact (direct, indirect and induced) in South Carolina:

7 10

• $2.721 billion in output or sales.

• 33,535 jobs. • $834 million in personal income.

• $276 million in federal, state and local taxes.

Green fees and club membership dues generated $12.9 million in admissions tax revenue, accounting for more than 39% of state admissions tax collections. Note: The impacts of real estate sales in golf communities and off-site purchases of golf equipment by local golfers are not included in these totals. Source: The Economic Impact of Golf in South Carolina, April 2009, S.C. Department of Parks, Recreation & Tourism

(Average annual revenues and rounds played per 18-hole course)

HOSPITALITY & TOURISM

NUMBER OF ROUNDS Daily-fee Members Total paid rounds Complimentary Overall COURSE REVENUES Initiation fees Membership dues Green fees* Cart fees Club rentals Range Other Overall PRO SHOP REVENUE Gross retail sales CLUBHOUSE REVENUE Food & beverage sales REVENUE TOTALS Dues/green/cart Overall revenues** REVENUE/PAID ROUND Dues/green/cart Overall revenues**

Resort

Public

Overall

27,746 9,582 34,846 1,819 36,075

21,878 9,671 29,274 3,861 31,318

27,098 6,314 29,729 1,933 30,534

27,527 9,321 36,238 2,033 37,777

27,111 9,591 34,250 1,994 35,567

$125,703 $354,961 $1,391,604 $729,178 $26,109 $42,418 $67,035 $2,358,108

$42,520 $183,000 $342,681 $307,064 $1,959 $20,447 $20,800 $834,403

$154,687 $378,027 $2,098,184 $762,492 $37,088 $39,635 $23,259 $2,838,832

$54,904 $230,651 $911,140 $685,770 $13,803 $40,273 $49,361 $1,854,603

$123,326 $340,497 $1,306,764 $688,802 $23,793 $40,387 $62,056 $2,234,867

$300,598

$81,921

$502,527

$164,878

$285,910

$386,380

$217,525

$423,789

$320,400

$377,570

$2,276,569 $7 99,472 $2,995,629 $ 1 ,020,079

$2,779,506 $3,623,885

$1,783,848 $2,316,885

$2,157,098 $2,835,842

$62.72 $116.70

$48.41 $63.27

$51.08 $79.75

$52.68 $81.98

$28.26 $35.95

Note: *Some green fees include cart fees. **Excludes initiation fees. Source: The Economic Impact of Golf in South Carolina, April 2009, S.C. Department of Parks, Recreation and Tourism

58 2009 Market Facts | www.charles tonbusiness.com

North Carolina South Carolina Florida Georgia Ohio New York Virginia Massachusetts Michigan Kentucky

About 9% are international visitors, mostly from Canada and the United Kingdom. Source: Office of Tourism Analysis, College of Charleston

Golf Course Statistics by Region and Type of Course Coastal Non-Coastal

1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Domestic Travel Impact in Top 5 Counties HORRY COUNTY, which includes the resort area of Myrtle Beach, led all counties in travel expenditures, payroll income and jobs directly generated by domestic traveler spending in 2007. Domestic travel expenditures in Horry County reached nearly $3.1 billion, accounting for 31.7% of the state total. These expenditures generated more than $622 million in payroll income and almost 39 thousand jobs for area residents. CHARLESTON COUNTY ranked second, with nearly $1.6 billion in domestic travel spending in 2007, representing 16.4% of the state total. The payroll income and jobs directly attributable to domestic travel spending reached $344 million and 20,800 jobs.

BEAUFORT COUNTY, which includes the resort area of Hilton Head Island, posted $1 billion in domestic expenditures to rank third. These expenditures generated $211 million in payroll as well as 13,200 jobs within the county.

GREENVILLE COUNTY received $876 million from domestic travelers, 9.0% of the state total. These travel expenditures benefited area residents by providing $229 million in wages and salaries and 9,600 jobs. RICHLAND COUNTY, which includes the state’s capital in Columbia, ranked fifth, with $474 million in domestic travel expenditures in 2007. These expenditures by domestic travelers generated nearly $92 million in payroll income and 6,000 jobs for the area’s residents. Source: The Economic Impact of Travel on S.C. Counties 2007 (A study prepared for the S.C. Department of Parks, Recreation & Tourism by the Travel Industry Association, Washington, D.C., July 2008)

Jade

New in 2010 Announcing the addition of the 9,700 sf Crystal Ballroom

Restroom

Storage

Restroom

Prep Kitchen C Garnet Topaz

CRYSTAL BALLROOM Prefunction

Service Corridor

TOPAZ ROOM Yellow Topaz

Blue Topaz

OPAL ROOM Opal One

EMERALD BALLROOM

Opal Two

F Salon One

Topaz Prefunction

Salon Two

Salon Three Prefunction

Promenade A

Promenade B

Meeting Check Lounge G In/ Coats

Rest Room

Charleston Marriott Hotel 170 Lockwood Boulevard Charleston, South Carolina 29403 (843) 723-3000 / (800) 968-3569 www.marriott.com/chsmc

H O S P I TA L I T Y & T O U R I S M

North American Cruises by Departure Port – Southern Ports Departure Port Charleston Fort Lauderdale, Fla. Jacksonville, Fla. Miami Mobile, Ala. New Orleans Norfolk, Va. Port Canaveral, Fla. Tampa, Fla. West Palm Beach, Fla.

Q1 13 246 19 214 20 42 0 133 62 0

2007 Q2 2 100 20 152 19 25 12 119 37 0

Q3 0 48 19 126 20 19 3 112 27 0

Q4 12 188 20 187 20 27 1 118 47 0

Q1 13 248 20 239 18 32 0 115 59 0

2008 Q2 12 76 3 157 19 19 5 110 36 0

Q3 0 20 3 156 27 5 10 107 32 0

Q4 8 182 19 203 20 23 2 116 50 0

2004 24 637 65 641 18 178 37 466 198 0

2005 25 618 83 656 52 121 31 455 192 2

ANNUAL 2006 29 534 77 705 60 34 17 525 222 0

2007 27 582 78 679 79 113 16 482 173 0

2008 33 526 45 755 84 79 17 448 177 0

Note: The cruise passenger statistics cover 17 major cruise lines that offer North American cruises with a U.S. port of call. Source: Cruises, cruise passengers and departure ports are derived from U.S. Customs and Border Patrol Vessel Entrance and Clearance documents. Destinations are derived from the Official Steamship Guide International (edited by Michaela Barber) and cruise line brochures.

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H O S P I TA L I T Y & T O U R I S M

North American Cruise Passengers by Departure Port – Southern Ports (Passengers in Thousands) Departure Port Charleston Fort Lauderdale, Fla. Jacksonville, Fla. Miami Mobile, Ala. New Orleans, La. Norfolk, Va. Port Canaveral, Fla. Tampa, Fla. West Palm Beach, Fla.

1 20.1 499.5 30.6 564.0 32.6 92.1 0.0 348.6 120.1 0.0

2007 2 4.6 229.7 34.4 437.3 32.2 58.3 22.5 323.4 83.3 0.0

3 0.0 142.4 32.6 383.0 33.7 45.9 5.2 310.9 66.8 0.0

4 19.6 416.9 32.5 505.5 31.9 61.3 3.0 315.5 97.4 0.0

1 20.5 557.0 32.2 631.7 29.0 73.1 0.0 310.6 123.8 0.0

2008 2 19.4 167.0 5.2 459.2 32.1 45.8 12.7 306.8 84.6 0.0

3 0.0 49.9 6.5 456.2 52.1 13.0 21.9 299.7 79.0 0.0

4 13.3 413.6 43.4 551.9 32.5 52.7 6.0 308.7 105.2 0.0

2004 38.9 1,237.2 113.7 1,682.8 28.8 395.8 47.9 1,230.1 399.2 0.0

2005 41.3 1,199.4 137.1 1,771.3 87.6 308.4 45.4 1,233.6 407.7 0.1

ANNUAL 2006 47.2 1,144.5 128.1 1,890.1 98.7 75.4 25.2 1,396.3 461.0 0.1

2007 44.4 1,288.5 130.1 1,889.8 130.4 257.6 30.7 1,298.4 367.7 0.0

2008 53.2 1,187.5 87.3 2,099.1 145.7 184.6 40.6 1,225.8 392.5 0.0

HOSPITALITY & TOURISM

LOWCOUNTRY HOSPITALITY The Courtyard by Marriott in Mt. Pleasant is a beautiful oasis in the Lowcountry that will exceed your expectations. The Island Ballroom is the perfect setting for your corporate or social event. We offer exceptional personal attention to our guests, along with the Marriott amenities and services that make business travel easier... and leisure travel a real vacation.

Charming courtyard with a beautiful pool, spa and ﬁre-pit. Luxury bedding, thicker mattresses and ﬂuffy pillows.

18,000 square feet of meeting space in the heart of Charleston’s historic district on Marion Square

LGTM LCD ﬂat screen televisions with connectivity panels.

232 elegant rooms and suites with breathtaking views of Charleston’s famous harbor

Free high speed internet access.

The Swamp Fox Restaurant and Bar featuring classic southern cuisine

Featuring library with business center and lobby bar.

Complete day spa from Spa Adagio

1251 Woodland Ave • Mount Pleasant, South Carolina 29464 Hwy 17 N at 526 • 843.284.0900 • www.marriott.com/chscm

COURTY TYARD, IT’S S A NEW STAY! www.charlestonbusiness.com | 2009 Market Facts

H O S P I TA L I T Y & T O U R I S M

Charleston Region Tourism Overview

HOSPITALITY & TOURISM

Charleston Visitor Center Traffic Charleston Area Attraction Attendance Total Total Admissions Tax Collected (5%) Berkeley County Charleston County Dorchester County Average Occupancy Average Expenditure Per Visitor Per Day Average Daily Rate Hotel/Motel/Inn/B&B Room Inventory* Charleston County Total Peninsula of Charleston West of the Ashley River (including West Islands) North Charleston Area East of the Cooper River (Mount Pleasant & East Islands) Dorchester County Berkeley County Total Lodging Sales Berkeley County Charleston County Dorchester County Revenue per Available Room Annual Number of Visitors Total Economic Impact Percentage of Sales Attributable to Tourism Berkeley County Charleston County Dorchester County Earnings of Direct and Indirect Jobs

2004 1,027,598 1,789,452 $4,469,658 $462,696 $3,738,294 $268,667 68% N/A $113 14,962 13,405 3,631 1,914 5,679 2,181 778 779 $380,080,255 $17,497,375 $355,047,878 $7,535,002 $25K $4.11 million $2.49 billion 10% 2% 13% 2% $0.8 billion

2005 1,013,880 1,709,398 $4,569,542 $481,664 $3,880,888 $206,990 67% $225 $116 14,963 13,406 3,631 1,914 5,679 2,182 778 779 $426,829,835 $20,247,409 $398,701,401 $7,881,026 $29K $4.06 million $2.80 billion 10% 3% 13% 2% $1.0 billion

2006 1,051,492 1,690,822 $5,158,407 $506,569 $4,444,408 $207,430 70% $235 $122 15,450 13,831 3,997 1,720 5,832 2,282 1,070 549 $465,767,736 $22,858,742 $435,682,211 $7,226,784 $31K $4.21 million $3.06 billion 12% 3% 16% 2% $1.1 billion

2007 1,044,228 1,731,027 $5,001,921 $510,873 $4,268,095 $222,953 71% $235 $132 16,669 14,938 4,438 1,577 6,269 2,654 1,349 382 $520,502,789 $25,618,309 $487,831,883 $7,052,598 $31K $4.33 million $3.09 billion 12% 3% 16% 2% $1.1 billion

2008 902,820 1,514,129 $5,436,271 $466,363 $4,657,645 $312,263 66% $212 $133 17,467 15,655 4,461 1,709 6,692 2,668 1,467 345 $513,502,328 $24,418,053 $482,597,314 $6,486,961 $29K $4.12 million $3.05 billion 11% 2% 15% 1% $1.0 billion

*Hotel inventories are calculated using different methods from year to year, so the numbers are not comparable. Notes: Average Daily Rate and Occupancy Rate are calculated based on hotel occupancy only. Total lodging sales are based upon the stateâ&#x20AC;&#x2122;s 2% lodging tax, which includes all paid forms of commercial lodging, including rental villas, beach houses and bed & breakfasts, which are large sectors in this market. Economic impacts, the numbers of jobs and their earnings of 2008 are based on the IMPLAN model, which might not be comparable to previous years. Data sources: Charleston Area Convention and Visitors Bureau, Smith Travel Research, S.C. Department of Parks, Recreation and Tourism, Charleston Metro Chamber of Commerce, S.C. Department of Revenue, College of Charleston Office of Tourism Analysis. Source: Office of Tourism Analysis, College of Charleston

Average Expenditures in Charleston Other Expenses $20

Shopping $59

Expenditure per Person per Day $212

Accommodations $90

Tours/Attractions $26 Local Transportation $26

Dining/Food $50

Note: The sum does not equal total expenditure because each category is calculated based on non-zero values. Source: Office of Tourism Analysis, College of Charleston

62 2009 Market Facts | www.charles tonbusiness.com

Charleston County Hotel/Motel/Inn & B&B Occupancy Trends

1998 1999

Average Occupancy 71.1% 70.0%

Average Daily Rate $93.95 $98.11

2000 2001 2002 2003 2004 2005 2006 2007 2008 One Year Change

67.4% 64.7% 67.5% 68.1% 69.3% 71.1% 70.2% 72.6% 71.5% -1.5%

$109.59 $107.80 $130.17 $130.40 $131.81 $140.51 $149.74 $165.07 $171.45 3.90%

Source: Center for Business Research

H O S P I TA L I T Y & T O U R I S M

Attendance at 16 Area Attractions

Charleston Regionâ&#x20AC;&#x2122;s Greatest Assets History

2,250,000

1,514,128 down 10.5% from 2007

2,000,000

Food Attractions

Charleston International Airport Passenger Activity

1,750,000

Beach/waterfront Shopping

Year 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

1,500,000

Local hospitality Walkable cities

1,250,000

Atmosphere Source: Office of Tourism Analysis, College of Charleston

1,000,000

750,000

500,000

250,000

2001 2002 2003 2004 2005 2006 2007 2008 Source: Center for Business Research

Enplaned 734,647 795,579 789,113 784,067 833,055 794,371 791,341 804,134 912,604 1,073,309 943,305 1,140,765 1,170,909 321,961

Deplaned 738,196 804,960 796,132 801,264 843,655 799,310 805,768 812,121 915,993 1,069,668 934,326 1,133,715 1,163,438 326,579

Note: Includes civilian and military passengers. 2009 information includes January-April activity. Source: Charleston County Aviation Authority

HOSPITALITY & TOURISM

www.charlestonbusiness.com | 2009 Market Facts

H O S P I TA L I T Y & T O U R I S M

Charleston Region 2% Accommodations Tax Revenue Distribution, Full Fiscal Year 2008-2009 Local Government Entity Berkeley County Area Berkeley county Bonneau Charleston* Goose Creek Hanahan Jamestown Moncks Corner St. Stephen Summerville* Charleston County Area Charleston County

DOR Collections less 2% to SCATR and less DOR/ TERC Admin. Fees** $416,779.35 $67,284.73 $0.00 $60,188.95 $32,538.91

Total Withheld for Distribution to Other Counties $3,355.83 $561.72 $0.00 $508.28 $239.40

Amount Distributed to Other Counties $1,577.09 $264.00 $0.00 $238.82 $112.59

Amount Returned by Treasurer’s Office $1,778.74 $297.72 $0.00 $269.46 $126.81

Amount Received from Other Counties (Supplement) $0.00 $0.00 $0.00 $0.00 $0.00

YTD Amount Received $415,202.26 $67,020.73 $0.00 $59,950.13 $32,426.32

$9,240.68 $0.00 $44,960.90 $6,607.32 $195,957.86 $8,729,225.33 $49,221.95

$103.97 $0.00 $365.49 $51.58 $1,525.39 $1,665,844.75 $9,226.49

$48.84 $0.00 $171.83 $24.36 $716.65 $782,485.57 $4,333.75

$55.13 $0.00 $193.66 $27.22 $808.74 $883,359.18 $4,892.74

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

$9,191.84 $0.00 $44,789.07 $6,582.96 $195,241.21 $7,946,739.76 $44,888.20

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H O S P I TA L I T Y & T O U R I S M Local Government Entity Charleston* Folly Beach Hollywood Isle of Palms Kiawah Island McClellanville Mount Pleasant North Charleston* Ravenel Seabrook Island Sullivan’s Island Summerville* Dorchester County Area Dorchester County Harleyville North Charleston* Reevesville Ridgeville St. George Summerville*

DOR Collections less 2% to SCATR and less DOR/ TERC Admin. Fees** $3,380,367.50 $365,694.31 $3,179.36 $1,152,214.29 $1,160,653.64 $0.00 $783,857.16 $1,699,926.99 $550.63 $100,695.41 $32,804.82 $59.27 $114,931.32 $29,612.52 $2,846.78 $0.00 $0.00 $0.00 $64,393.51 $18,078.51

Total Withheld for Distribution to Other Counties $653,001.88 $68,124.52 $616.17 $214,616.65 $216,718.94 $0.00 $150,335.73 $328,389.01 $108.68 $18,634.12 $6,060.71 $11.85 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Amount Distributed to Other Counties $306,729.96 $31,999.80 $289.51 $100,810.49 $101,797.71 $0.00 $70,616.08 $154,251.86 $51.13 $8,752.85 $2,846.78 $5.65 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Amount Returned by Treasurer’s Office $346,271.92 $36,124.72 $326.66 $326.66 $114,921.23 $0.00 $79,719.65 $174,137.15 $57.55 $9,881.27 $3,213.93 $6.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Note: *Denotes a municipality that might have received revenue in more than one county. **DOR - Department of Revenue; SCATR - S.C. Association of Tourism Regions; TERC - Tourism Expenditure Review Committee Source: S.C. State Treasurer’s Office

Amount Received from Other Counties (Supplement) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $43,242.00 $27,587.35 $307.39 $1,524.41 $92.89 $770.50 $938.78 $12,020.68

YTD Amount Received $3,073,637.54 $333,694.51 $2,889.85 $1,051,403.80 $1,058,855.93 $0.00 $713,241.08 $1,545,675.13 $499.50 $91,942.56 $29,958.04 $53.62 $158,173.32 $57,199.87 $3,154.17 $1,524.41 $92.89 $770.50 $65,332.29 $30,099.19

For a list of hotels, see pg. 84 of the 2009 Book of Lists or visit www.scbiznews.com/data.

HOSPITALITY & TOURISM

Say Aloha to Aloft Charleston Airport and Convention Center

For the traveler open to possibilities, Aloft hotels are a modern, fresh, and fun destination. With our loft-inspired design and free-Áowing energy, you can celebrate your style in the unique openness of no-walls, no-limits space. The Aloft Charleston is central to local businesses, the Charleston Convention Center, the Tanger Outlets, and just 10 minutes to historic downtown Charleston. See why everyone’s all abuzz about Aloft and discover a whole new travel experience!

4875 Tanger Outlet Blvd. North Charleston, SC 29418 t.843.566.7300 alofthotels.com/charlestonairport www.charlestonbusiness.com | 2009 Market Facts

M E D I C A L & H E A LT H C A R E

Medical & Heath Care

Health Professionals in the Charleston Region ................. 68

s Charleston’s health care community plans for the future, construction projects and expansion plans are ongoing throughout the region. Medical employment accounts for a large number of jobs in the region, with more than 1,000 physicians and nearly 7,500 nurses. Cancer and heart disease are the leading causes of death in the three-county region, and many of the area’s resources go toward treatment of those diseases. Heart disease alone accounts for nearly $300 million in hospitalization costs in Berkeley, Charleston and Dorchester counties. Cancer hospitalizations cost nearly $100 million in the Charleston area in 2006. Trident Health System and Roper St. Francis Healthcare have been given permission to build two new health care facilities in Berkeley County after having gone through an S.C. Department of Health and Environmental Control approval process. Roper St. Francis also is building a new hospital on 66 acres near the intersection of U.S. Highways 17A and 176, with plans for a medical office complex at the same location. East Cooper Regional Medical Center, based in Mount Pleasant, is building on 55 acres next to its existing campus, near the intersection of U.S. Highway 17 North and Interstate 526. The new hospital should open in 2010.

2007 Year-End Medical Market Report – Charleston ........ 68

MEDICAL & HEALTH CARE

This section is sponsored by:

66 2009 Market Facts | www.charles tonbusiness.com

Percentage of People Without Health Insurance ............ 68 2008 Year-End Medical Market Report – Columbia .......... 68 Top 10 Leading Causes of Death in Berkeley County, 2006 .. 70 Top 10 Leading Causes of Death in Charleston County, 2006 ......... 70 Chronic Conditions by County 2006 ............................... 72 Top 10 Reasons for Inpatient Hospitalizations ............ 73

M E D I C A L & H E A LT H C A R E

MEDICAL & HEALTH CARE

www.charlestonbusiness.com | 2009 Market Facts

M E D I C A L & H E A LT H C A R E

2007 Year-End Medical Market Report – Charleston Submarket Downtown Charleston

Total SF

Vacant SF

Occupancy Rate

290,343

15,291

94.73%

$32.12

North Charleston

536,784

24,007

95.53%

$26.37

West Ashley

637,547

69,623

89.08%

$23.75

31,607

East Cooper

681,182

72,713

89.33%

$24.53

14,000

2,145,856

181,634

91.54%

$25.11

45,607

Total Market

Health Professionals in the Charleston Region

Note: Information was compiled using data from sources deemed reliable. Statistical data was collected as of Dec. 30, 2007, and encompasses all medical buildings 5,000 square feet and larger.

Selected active, nonfederal health professionals by primary county of practice/employment Physicians, 2009* Physician Assistants, 2007 Registered Nurses, 2006 Licensed Practical Nurses, 2006 Physical Therapists, 2008 Physical Therapists Assistants, 2007 Occupational Therapists, 2007 Occupational Therapist Assistants, 2007 Respiratory Care Practitioners, 2007** Dentists, 2008* Dental Hygienists, 2008 Pharmacists, 2007** Optometrists, 2008

Berkeley Charleston Dorchester 53 964 78

Source: Colliers Keenan Inc.

South Carolina 9,731

470

154

5,218

379

33,234

906

172

8,949

328

1,834

112

968

165

940

393

272

1,982

42 38 55 6

247 234 541 57

67 60 69 8

1,921 2,097 3,690 424

MEDICAL & HEALTH CARE

**Respiratory care practitioners and pharmacists include federal employees. Sources: State Board of Medical Examiners; State Board of Nursing for South Carolina; S.C. Board of Examination and Registration of Physical Therapists

Percentage of People Without Health Insurance S.C. U.S. Southeast

2008 Year-End Medical Market Report – Columbia Total SF

Vacant SF

Occupancy Rate

Average Rate

262,434 57,060 411,332

63,382 10,994 74,376

75.85% 80.73% 81.92%

$23.02 $19.16 $22.45

161,509 50,954 245,958

15,235 1,700 16,935

90.57% 96.66% 93.11%

$23.14 $18.00 $22.62

215,104 129,576 379,528

19,825 8,900 28,725

90.78% 93.13% 92.43%

$20.84 N/A $23.09

350,324 125,541 609,086

92,046 20,484 122,001

73.73% 83.68% 79.97%

$22.58 $15.40 $19.62

496,605 72,463 886,546

41,787 9,378 81,776

91.59% 87.06% 90.78%

$22.83 $19.77 $13.93

164,048 41,722 307,746

26,108 13,261 63,369

84.09% 68.22% 79.41%

$19.31 $16.89 $18.50

1,650,024 477,316 2,840,196

258,383 64,717 387,182

84.34% 86.44% 86.37%

$22.29 $14.93 $16.31

CBD MOB Multitenant Submarket Forest Acres

*Physician and dentist figures include secondary “office” setting locations (single count per county) and will not sum to total.

2000 2001 12.1% 12.3% 13.2% 13.3% 13.6% 14.2%

Rental Proposed Rate SF

2002 12.5% 14.2% 14.5%

2003 2004 14.4% 14.7% 14.8% 14.7% 15.7% 15.8%

2005 15.3% 16.0% 17.3%

2006 2007 15.9% *16.2% 15.8% 15.3% 17.3% 18.4%

*Based on a two-year average of uninsured South Carolinians. Note: The Southeast region consists of Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee. Sources: U.S. Census Bureau, Current Population Survey, 2007 and 2008 Annual Social and Economic Supplements

For a list of hospitals, see pg. 71 of the 2009 Book of Lists or visit www.scbiznews.com/data.

MOB Multitenant Submarket Irmo MOB Multitenant Submarket Lexington MOB Multitenant Submarket North Columbia MOB Multitenant Submarket Northeast Columbia MOB Multitenant Submarket Market MOB Multitenant Submarket

Note: CBD - Central Business District. MOB - Medical Office Building. Submarket and total market numbers include owner-occupied medical facilities. Information was compiled using data from sources deemed reliable. Statistical data was collected as of Dec. 30, 2008, and includes all medical buildings 5,000 square feet and larger. Source: Colliers Keenan Inc.

68 2009 Market Facts | www.charles tonbusiness.com

M E D I C A L & H E A LT H C A R E

19 Locations in the Lowcountry

www.palmettoprimarycare.com

Your Family Doctor... in the Neighborhood EXTENDED CARE CLINIC •

2550 Elms Center Road •

N. Charleston, SC 29406 •

(843) 572-7727

HANAHAN OFFICE 1254 Yeamans Hall Road Hanahan, SC 29418 (843) 554-8312

SPRINGHALL OFFICE 110-A Springhall Drive Goose Creek, SC 29445 (843) 266-2520

BONNEAU OFFICE 115 W. Church Street Bonneau, SC 29431 (843) 825-3404

LAUREL OFFICE 507 N. Laurel Street Summerville, SC 29483 (843) 875-0600

SUMMERVILLE OFFICE 213 West 4th North Street Summerville, SC 29483 (843) 873-0681

CROWFIELD OFFICE 7 S. Alliance Drive, Suite 201 Goose Creek, SC 29445 (843) 553-4383

LIVE OAK OFFICE 401 N. Live Oak, Suite B Moncks Corner SC 29461 (843) 761-7884

ST. STEPHEN OFFICE 104 Funk Avenue St. Stephen, SC 29479 (843) 567-3206

DANIEL ISLAND OFFICE 900 Island Park Drive, Suite 101 Daniel Island, SC 29492 (843) 856-6402

MONCKS CORNER OFFICE 115 Executive Parkway Moncks Corner, SC 29461 (843) 761-2815

TRIDENT OFFICE 9313 Medical Plaza Drive, Suite 202 Charleston, SC 29406 (843) 572-1200

GOOSE CREEK OFFICE 105-A Springhall Drive Goose Creek, SC 29445 (843) 574-0060

OAKBROOK OFFICE 87 Springview Lane Summerville, SC 29485 (843) 875-0400

TROLLEY OFFICE 201 Oakbrook Ln., Ste # 255 Summerville, SC 29485 843 851 2000

GUM STREET OFFICE 412 N. Gum Street Summerville, SC 29483 (843) 873-1720

PINE STREET OFFICE 300 West 4th North Street Summerville, SC 29483 (843) 873-0202

WEST 8TH 102-A West 8th N. Street Summerville, SC 29483 (843) 871-9440 www.charlestonbusiness.com | 2009 Market Facts

MEDICAL & HEALTH CARE

APPIAN OFFICE 5325 Appian Way Charleston, SC 29420 (843) 552-0400

M E D I C A L & H E A LT H C A R E

Top 10 Leading Causes of Death in Berkeley County, 2006

Top 10 Leading Causes of Death in Charleston County, 2006

Cancer 155

Cancer 193.7

Disease of Heart 126.1

Disease of Heart 175.3

Chronic Lower Resp. Disease 46

Accident 50.6

Accident 44.7

Cerebrovascular disease 50.6

Cerebrovascular disease 43.3

Chronic Lower Resp. Disease 39.2

Diabetes 30.2

Alzheimer’s Disease 34.9

Alzheimer’s Disease

16.4

Nephritis etc.

13.1

Homicide (Assault)

Chronic Liver Disease/Cirrhosis

12.5

Septicemia

14.2

Homicide (Assault)

11.2

Nephritis etc.

13.9

Diabetes 25.6

100

150

200

16.6

Crude mortality rate (per 100,000)

100

150

Crude mortality rate (per 100,000)

March 2009

Source: S.C. Department of Health and Environmental Control S.C. Community Assessment Network; Generated by Chronic Disease Epidemiology and Evaluation

MEDICAL & HEALTH CARE

...and we promise to be there every step of your way. There’s something very special about Trident Health System. It’s more than our convenient locations throughout the Lowcountry or our state-of-the-art diagnostic and surgical equipment. It’s our people. Our nurses, doctors and healthcare professionals are among the most caring and knowledgeable in the industry. Our compassion and kindness reminds our patients that when they are with us, they are part of our family.

TridentHealthSystem.com For a physician referral call Consult-A-Nurse at 843-797-3463 (FIND). 70 2009 Market Facts | www.charles tonbusiness.com

200

M E D I C A L & H E A LT H C A R E

When it comes to dental beneﬁts, nobody protects you like Delta Dental

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MEDICAL & HEALTH CARE

The value of Delta Dental makes everyone smile.

dentists in the U.S. And, our innovative cost - saving measures saved our groups nearly $4 billion last year alone. So, if you’re looking for the best in dental beneﬁts, look to Delta Dental. We’ve got you covered.

Delta Dental Insuring South Carolina Smiles 200 Center Point Circle, Suite 150 Columbia, SC 29210 803.731.2495 or 800.529.3268 www.deltadentalsc.com

www.charlestonbusiness.com | 2009 Market Facts

M E D I C A L & H E A LT H C A R E

MEDICAL & HEALTH CARE

Chronic Conditions by County 2006 Berkeley County DISEASES OF THE HEART Number of hospitalizations Total cost of hospitalizations Number of ED visits

County Total

Blacks

Whites

Males

Females

State Total

1,584 $82,657,200 389

435 $19,111,000 130

1,109 $60,810,900 253

858 $48,908,900 218

726 $33,748,300 171

61,172 $2,428,507,400 15,527

Total cost of ED visits STROKE Number of hospitalizations Total cost of hospitalizations Number of ED visits Total cost of ED visits ALL CANCERS Number of hospitalizations Total cost of hospitalizations Charleston County DISEASES OF THE HEART Number of hospitalizations Total cost of hospitalizations Number of ED visits Total cost of ED visits STROKE Number of hospitalizations Total cost of hospitalizations Number of ED visits Total cost of ED visits ALL CANCERS Number of hospitalizations Total cost of hospitalizations Dorchester County DISEASES OF THE HEART Number of hospitalizations Total cost of hospitalizations Number of ED visits Total cost of ED visits STROKE Number of hospitalizations Total cost of hospitalizations Number of ED visits Total cost of ED visits ALL CANCERS Number of hospitalizations Total cost of hospitalizations

$1,559,600

$480,000

$1,067,400

$910,600

$649,000

$55,294,700

429 $14,503,800 96 $416,500

113 $4,090,300 30 $117,900

304 $9,967,200 65 $294,000

202 $6,928,600 44 $166,500

227 $7,575,200 52 $250,000

14,001 $395,781,500 3,182 $13,194,400

532 $21,042,200 County Total

187 $6,573,100 Blacks

321 $12,722,800 Whites

144 $7,103,800 Males

388 $13,938,400 Females

16,753 $610,134,000 State Total

4,030 $149,832,900 1,244 $4,180,100

1,414 $45,089,000 604 $1,778,600

2,554 $101,228,400 622 $2,325,500

2,099 $84,627,400 668 $2,330,400

1,931 $65,205,500 576 $1,849,700

61,172 $2,428,507,400 15,527 $55,294,700

1,032 $30,290,700 269 $1,170,300

383 $12,219,100 114 $408,200

628 $17,483,300 148 $721,300

445 $13,489,700 124 $547,000

587 $16,801,000 145 $623,300

14,001 $395,781,500 3,182 $13,194,400

1,580 $58,588,600 County Total

611 $21,107,500 Blacks

933 $35,662,500 Whites

515 $22,504,800 Males

1,065 $36,083,800 Females

16,753 $610,134,000 State Total

1,227 $64,173,200 291 $1,067,900

286 $13,478,100 90 $314,900

914 $49,347,500 194 $735,500

639 $38,459,800 151 $553,200

588 $25,713,400 140 $514,700

61,172 $2,428,507,400 15,527 $55,294,700

365 $10,409,100 91 $348,600

97 $3,264,900 25 $81,500

259 $6,856,300 65 $263,500

158 $4,259,700 42 $178,800

207 $6,149,400 49 $169,800

14,001 $395,781,500 3,182 $13,194,400

485 $20,222,200

133 $5,780,600

338 $14,184,700

173 $8,121,600

312 $12,100,600

16,753 $610,134,000

Note: ED - Emergency Department Source: Bureau of Community Health and Chronic Disease Prevention, S.C. Department of Health and Environmental Control

72 2009 Market Facts | www.charles tonbusiness.com

M E D I C A L & H E A LT H C A R E

Top 10 Reasons for Inpatient Hospitalizations Berkeley County, 2007 Diagnosis Related Group Name Total 1. Vaginal delivery w/o complicating diagnoses 2. Cesarean section w/o complicated care 3. Heart failure and shock 4. Chest pain 5. Major joint replacement or reattachment of lower extremity 6. Uterine and adnexa procedures for nonmalignancy w/o complicated care 7. Simple pneumonia and pleurisy age>17 w/o complicated care 8. Renal failure 9. Chronic obstructive pulmonary disease 10. Esophagitis, gastroenterological and miscellaneous digestive disorders age>17 w/complicated care

Discharges 15,418 1,226 597 385 385 377

% of Total 100.0 8.0 3.9 2.5 2.5 2.4

336

2.2

302

2.0

283 282 254

1.8 1.8 1.6

% of Total 100.0 7.2 3.3 2.5 2.4 2.4

764

2.0

697 640 589 585

1.8 1.6 1.5 1.5

Discharges 12,881 1,001 440 313 297

% of Total 100.0 7.8 3.4 2.4 2.3

285 280 269

2.2 2.2 2.1

262

2.0

246 227

1.9 1.8

Inpatient Hospital Discharge Database includes acute care hospitals, excludes newborns. Source: Office of Research & Statistics, S.C. State Budget & Control Board

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Is your EMR platform “MEANINGFUL”? The Federal stimulus package provides for the means to get your practice EHR/ EMR-compliant, but only if the results are “meaningful”. Otherwise, you could spend a lot on a platform that doesn’t integrate, and end up not getting reimbursed. MedLock, a division of EDDSA Technologies, can not only help you meet the Federal requirements, but can also take you through the planning stages of the technology infrastructure required to make it all work. MedLock provides a full array of computer and IT support services for small and medium practices, from HelpDesk support for your employees, to management of servers and data networks. We’re here to provide continuous, professional, and reliable support through, during, and after an EMR implementation. You have your practice to run and patients to care for, let MedLock take care of the technology.

MEDICAL & HEALTH CARE

Discharges 38,809 2,813 1,275 969 948 928

Dorchester County, 2007 Diagnosis Related Group Name Total 1. Vaginal delivery w/o complicating diagnoses 2. Cesarean section w/o complicated care 3. Heart failure and shock 4. Uterine and adnexa procedures for nonmalignancy w/o complicated care 5. Chest pain 6. Chronic obstructive pulmonary disease 7. Major joint replacement or reattachment of lower extremity 8. Simple pneumonia and pleurisy age>17 w/o complicated care 9. Renal failure 10. Esophagitis, gastroent and misc. digestive disorders age>17 w/complicated care

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Charleston County, 2007 Diagnosis Related Group Name Total 1. Vaginal delivery w/o complicating diagnoses 2. Cesarean section w/o complicated care 3. Psychoses 4. Heart failure and shock 5. Major joint replacement or reattachment of lower extremity 6. Simple pneumonia and pleurisy age>17 w/o complicated care 7. Rehabilitation 8. Renal failure 9. Intracranial hemorrhage or cerebral infarction 10. Uterine and adnexa procedures for nonmalignancy w/o CC

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www.charlestonbusiness.com | 2009 Market Facts

BUSINESS RESOURCES

Business Resources hether youâ&#x20AC;&#x2122;re starting a business, growing an existing business or simply need answers to everyday business questions, you need a place to go. Check out the resources in this section of Market Facts. Whether you need financial help, technological help or general assistance, there is an organization, government facility or educational resource standing by ready to offer assistance.

Chambers of Commerce ............. 76 Business Assistance ................... 76 Miscellaneous Business Directory ...................... 79 Economic Development .............. 79

BUSINESS RESOURCES

Human Resources....................... 80 Technology ................................. 80

This section is sponsored by:

74 2009 Market Facts | www.charles tonbusiness.com

Financial Assistance.................... 81

We could brag about our advanced communications services, but our customers do a better job of it.

“Knology ﬁber means speed to my business.” Harold Wright, owner Wright One Paint & Body Augusta GA

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Harold Wright, owner Wright One Paint & Body Augusta, GA

BUSINESS RESOURCES

CHAMBERS OF COMMERCE Berkeley Chamber of Commerce 1004 Old U.S. Highway 52 Moncks Corner, SC 29461 Charleston area: 843-577-9549 Moncks Corner: 843-761-8238 www.berkeleysc.org The Berkeley Chamber of Commerce supports more than 500 member businesses by providing leadership and services to promote a strong business environment and high quality of life in Berkeley County. Charleston Metro Chamber of Commerce 2750 Speissegger Drive, Suite 100 North Charleston, SC 29405 Mailing Address: P.O. Box 975 Charleston, SC 29402-0975 843-577-2510 www.charlestonchamber.net The Charleston Metro Chamber of Commerce serves as the catalyst to maximize the power of business, improve the quality of life, advance the region’s economy and make its members successful. The Charleston Metro Chamber of Commerce is the driving force of business in a globally competitive region. Affiliate organizations include the Lowcountry Manufacturers Council, ThinkTEC, the Education Foundation, Isle of Palms Business Council and Charleston Young Professionals.

BUSINESS RESOURCES

Greater Summerville/Dorchester County Chamber of Commerce 402 N. Main St. Summerville, SC 29483 843-873-2931 www.gsdcchamber.org The Greater Summerville/Dorchester County Chamber of Commerce works to protect and promote the quality of life in the community with specific emphasis on improving its economic vitality and providing a favorable business operating climate. S.C. Chamber of Commerce 1201 Main St., Suite 1700 Columbia, SC 29201 803-799-4601 www.scchamber.net As the premiere advocacy group in the state, the S.C. Chamber of Commerce serves as the unified voice of business and industry, promoting an economy of increased productivity and per capita income to achieve global competitiveness. Operating as a statewide, nonpartisan, nonprofit organization, the chamber represents businesses, industries, professions and associations of all sizes and types. S.C. Small Business Chamber of Commerce 1717 Gervais St. Columbia, SC 29201

803-252-5733 www.scsbc.org The S.C. Small Business Chamber of Commerce is an advocacy organization representing the general interests of small business in state and local government.

BUSINESS ASSISTANCE Berkeley-Charleston-Dorchester Council of Governments 1362 McMillan Ave., Suite 100 North Charleston, SC 29405 843-529-0400 www.bcdcog.com As one of South Carolina’s 10 regional planning councils, the council’s primary objectives are to assist local governments in developing local and regional plans and to provide local governments with planning and technical support to improve the quality of life in the tricounty region. The Council of Governments accomplishes this by providing its member governments with technical assistance in a variety of fields, including economic and community development, comprehensive planning, statistical information gathering and analysis, and water resource management. The Economic Development Department has three primary tools to assist economic development: Economic Development Administration funds, community development block grants and its own revolving loan fund. Better Business Bureau Serving Central South Carolina & Charleston Area 2330 Devine St. Columbia SC 29205 Mailing Address: P.O. Box 8326 Columbia, SC 29202 803-254-2525 www.columbia.bbb.org BBBs are nonprofit organizations financed almost exclusively by membership dues paid for by businesses and professional firms in local communities. The bureau’s primary role is to monitor business performance and provide consumers with information to avoid pitfalls in the marketplace. The BBB champions the cause of consumers and holds businesses accountable to the highest standards of honesty in their advertising and selling. Center for Business Research 2750 Speissegger Drive, Suite 100 North Charleston, SC 29405 Mailing Address: P.O. Box 975 Charleston, SC 29402-0975 843-577-2510 www.charlestonchamber.net The Charleston Metro Chamber of Commerce’s Center for Business Research

76 2009 Market Facts | www.charles tonbusiness.com

collects, interprets and distributes demographic, business and economic information on the Charleston region to help existing area firms, as well as those outside the region, make better business decisions regarding their investment in the area and its economy. Research conducted by the center includes primary research, such as surveys of visitors to the Charleston area and surveys of the local business community on numerous topics, such as wages/benefits trends, visitor industry trends and legislative issues that impact business locally and statewide. The center’s secondary research involves gathering data relevant to the Charleston region and its economy from other agencies, such as private firms and government agencies, and interpreting and distributing that information in a format most helpful to those with a vested interest in commerce in Berkeley, Charleston and Dorchester counties. Center for Women 129 Cannon St. Charleston, SC 29403 843-763-7333 www.c4women.org The Center for Women is a nonprofit organization dedicated to the personal and professional success of women in the Lowcountry, connecting thousands of women across the tri-county area through educational programs, counseling, support groups and referral information. The Entrepreneurial Woman Series offers practical seminars twice a month for women starting or running their own businesses and includes panel discussions, networking strategies, and resource and referral information. An Entrepreneurial Women’s Network provides opportunities for women to meet and expand their networks locally through quarterly seminars and a Web-based bulletin board. Charleston Area Convention & Visitors Bureau 423 King St. Charleston, SC 29403 843-853-8000 800-868-8118 www.charlestoncvb.com The convention and visitors bureau provides information for meeting and event professionals as well as visitors to the Charleston area. Charleston Small Business Information Center 2750 Speissegger Drive, Suite 100 North Charleston, SC 29405 Mailing Address: P.O. Box 975 Charleston, SC 29402-0975 843-805-3092 www.charlestonchamber.net

The Business Information Center is a onestop small-business center operated by the Small Business Administration under a partnership with the Charleston Metro Chamber of Commerce. The center has resources for addressing a broad variety of business startup and development issues. FastTracSC Mary Dickerson P.O. Box 975 Charleston, SC 29402 843-805-3110 www.fasttracsc.org FastTrac’s mission is to promote entrepreneurship and small business in South Carolina through the FastTrac programs, which are comprehensive, entrepreneurship educational programs that provide entrepreneurs with business insights, leadership skills and professional networking connections so they are prepared to create a new business or expand an existing enterprise. Programs are offered in Charleston, Columbia, Greenville, Clemson, Beaufort, Aiken and Rock Hill. Service Corps of Retired Executives 2750 Speissegger Drive, Suite 100 North Charleston, SC 29405-8229 843-727-4778 Dorchester/Summerville Branch 402 N. Main St. Summerville, SC 29483-6440 843-873-2931 Berkeley Branch 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-577-9561 www.score285.org The SCORE Charleston Coastal Chapter is a nonprofit association dedicated to helping entrepreneurs in the education, formation, growth and success of small businesses. Funded by the Small Business Administration, SCORE provides pre-business workshops and training, as well as free individual counseling. S.C. Small Business Development Center Charleston Area SBDC 5900 Core Drive, Suite 104 North Charleston, SC 29406 843-740-6160 http://scsbdc.moore.sc.edu The S.C. SBDC is a consortium of four universities with 15 offices located throughout the state. Under a cooperative agreement with the Small Business Administration, the SBDC program was established to aid small business startup ventures and to assist in the continued growth of small businesses, as well as those wishing to engage in government contracting. The program is supported with federal, state and private funds and is open to any present or prospective small-business owner, generally, for free.

ouldn’t it be nice if there was an organization that was there for your business - really there when you needed it? Well, you’re in luck, we are that organization! We are the Charleston Metro Chamber of Commerce and this is where business and community meet. Your Chamber membership delivers: • Business Resources • Business Connections • Networking Opportunities • Professional Development • Business Advocacy • Member-Only Benefits • Community Leadership Since 1773, the Charleston Metro Chamber of Commerce has been the voice of the business community. We’ve got what it takes to successfully position our region as America’s best location to live, learn, work and play.

For more information, visit www.charlestonchamber.net.

BUSINESS RESOURCES S.C. Association of Counties 1919 Thurmond Mall Columbia, SC 29201 Mailing Address: P.O. Box 8207 Columbia, SC 29202-8207 803-252-7255 www.sccounties.org The S.C. Association of Counties is the only organization dedicated to statewide representation and improvement of county government in South Carolina. A nonpartisan, nonprofit organization with a full-time staff in Columbia, it represents county governments, not county employees. S.C. Business One-Stop www.scbos.com This Web site is a collaboration of several state and federal agencies and private entities working to eliminate red tape and ensure more simplicity for the tasks necessary to open a business. The site will allow for an electronic “one-stop shop” for S.C. businesses to register and obtain permits and licensing. In addition to registration, licensing and renewals, the site also serves as a primary source or point of information and resources for entrepreneurs who are seeking guidance in opening a business in South Carolina. S.C. Department of Commerce Resource Center Business Library and Information Center

1201 Main St., Suite 1600 Columbia, SC 29201-3200 Mailing Address: P.O. Box 927 Columbia, SC 29202 803-737-0400 www.sccommerce.com The Department of Commerce online business library provides resource guides and information on capital investments, business and taxation, industry reports and industry specific publications. S.C. Department of Labor, Licensing and Regulation (Professional & Occupational Licenses) Synergy Business Park Kingstree Building 110 Centerview Drive Columbia, SC 29210 Mailing Address: P.O. Box 11329 Columbia, SC 29211 803-896-4300 www.llr.state.sc.us This office provides information and forms for obtaining state licenses. In addition to the state license requirement, businesses should check with city, township and county business license authorities. S.C. Minority Business Enterprise Center 1515 Richland St., Suite C

Columbia, SC 29201 803-779-5905 www.scmbec.com The S.C. Minority Business Enterprise Center is part of a national network established to increase the growth of new minority-owned business and to strengthen existing ones. Professional consultants offer a wide range of services that include initial counseling, government and private-sector contracting assistance, financial management and more complex issues, such as international trade franchising. S.C. Women’s Business Center Columbia: 1225 Laurel St., Suite 207 Columbia, SC 29201 803-461-8900 Charleston: 5900 Core Drive, Suite 104 North Charleston, SC 29406 843-740-6160 www.scwbc.org The center provides business and technical assistance to prospective and existing woman-owned businesses. It also offers free counseling and information about business resources to help with business startup, operations and business management. Workshops and training opportunities are also provided throughout the state. This center is part of the S.C. Manufactur-

ing Extension Partnership and is funded by a cooperative agreement from the Small Business Administration. S.C. World Trade Center 1 Poston Road, Suite 103 Charleston, SC 29407 843-852-9880 www.scwtc.org The mission of the S.C. World Trade Center is to promote and support all aspects of international commerce, through education, networking, trade development services and international business opportunities throughout South Carolina. Tate Center for Entrepreneurship College of Charleston 5 Liberty St. Charleston, SC 29401 Mailing Address: 66 George St. Charleston, SC 29424 843-953-6596 www.cofc.edu The Tate Center for Entrepreneurship focuses on educational programs that enhance the region’s entrepreneurial landscape. In collaboration with the S.C. Department of Commerce and the S.C. Economic Developers Association, the center conducts the S.C. Economic Developers School, a comprehensive training program for economic development

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BUSINESS RESOURCES

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78 2009 Market Facts | www.charles tonbusiness.com

BUSINESS RESOURCES professionals and elected officials. Among the programs hosted at the center are monthly meetings by the Charleston Angel Partners, providing a forum for entrepreneurial companies to make presentations to investors. U.S. Small Business Administration S.C. District Office 1835 Assembly St., Suite 1425 Columbia, SC 29201 803-765-5377 Charleston office 2750 Speissegger Drive North Charleston, SC 29405 843-727-4778 www.sba.gov/sc The SBAâ&#x20AC;&#x2122;s S.C. District Office provides programs and services directly to the small business community and performs oversight responsibilities for all SBA-funded programs and resources within the state. SBA-funded programs include the Frank L. Roddey Small Business Development Center, the Service Corps of Retired Executives and the Charleston Business Information Center.

MISCELLANEOUS BUSINESS DIRECTORY Business Trademarks & Patents Federal Assistance: U.S. Patent & Trademark Office

P.O. Box 15667 Arlington, VA 22215 Customer Service: 571-272-1000 or 800-786-9199 www.uspto.gov State Assistance: P.O. Box 11350 Columbia, SC 29211 803-734-1728 www.scsos.com

S.C. Bar Association 950 Taylor St. Columbia, SC 29201 Mailing Address: P.O. Box 608 Columbia, SC 29202 803-799-6653 www.scbar.org Lawyer Referral Service: 803-799-7100 or 800-868-2284

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

S.C. Governorâ&#x20AC;&#x2122;s Commission for Women P.O. Box 12267 Columbia, SC 29211 803-734-9404 www.govoepp.state.sc.us/sccw

Bar-coding & Universal Product Code (UPC) Uniform Code Council Inc. 7887 Washington Village Drive, Suite 300 Dayton, OH 45459 937-435-3870 www.uc-council.org S.C. Association of CPAs 570 Chris Drive West Columbia, SC 29169 803-791-4181 www.scacpa.org

S.C. Department of Insurance 1201 Main St., Suite 1000 Columbia, SC 29201 Mailing Address: P.O. Box 100105 Columbia, SC 29202-3105 803-737-6160 www.doi.sc.gov S.C. Department of Health & Environmental Control 2600 Bull St. Columbia, SC 29201 803-898-3432 Small Business Line: 800-819-9001 www.scdhec.net

S.C. Broadcasters Association 1 Harbison Way, Suite 112 Columbia, SC 29212 803-732-1186 www.scba.net S.C. Press Association P.O. Box 11429 Columbia, SC 29211 803-750-9561 www.scpress.org S.C. Trucking Association 2425 Devine St. P.O. Box 50166 Columbia, SC 29250-0166 803-799-4306 www.sctrucking.org S.C. Materials Management Office 1201 Main St., Suite 600 Columbia, SC 29201 803-737-0600 www.mmo.sc.gov

ECONOMIC DEVELOPMENT Charleston Regional Development Alliance 5300 International Blvd., Suite 103A North Charleston, SC 29418 843-767-9300 www.crda.org

BUSINESS RESOURCES

Brochures / Flyers / Product Sheets s Booklets s Business Cards s Catalogs s Competitive Pricing s Digital Printing s Fast Turn-Around s Full Color Printing s Full Service Bindery s Great Customer Service s Graphic Design s Labels s Mailing Services s Knowledgeable Sales Team s Newsletters s Presentation/ Document Folders s Offset Printing s Forms s Pick-Up & Delivery Promotional Products s Shipping s Superior Quality s Wide Format Printing PROUD MEMBERS OF:

www.charlestonbusiness.com | 2009 Market Facts

BUSINESS RESOURCES This full-service professional economic development organization represents Berkeley, Charleston and Dorchester counties, serving as a confidential resource to help streamline the site selection process, assisting companies with a variety of issues, including buildings and sites, financing and work force training. The alliance is organized as a publicprivate, nonprofit corporation funded jointly by the three county governments and more than 100 area businesses.

BUSINESS RESOURCES

The Palmetto Institute 1411 Gervais St., Suite 450 Columbia, SC 29201 Mailing Address: P.O. Box 11553 Columbia, SC 29211 803-806-8106 www.palmettoinstitute.org The Palmetto Institute is an independent, nonprofit, nonpartisan research and educational organization. Its mission is improving the wealth of all citizens of South Carolina by providing high-quality, scholarly and academically sound research and policy options on issues of importance to the state. Operating exclusively as a nonprofit corporation, the institute addresses state and regional public policy issues; conducts research on topics that will affect future development and promote positive economic change within South Carolina; and disseminates research findings and conclusions to scholarly and lay audiences. The corporation offers practical, unbiased information and ideas on key public policy issues to citizens, policymakers and the media. SC Launch Columbia Office 1330 Lady St., Suite 505 Columbia, SC 29201 Mailing Address: P.O. Box 11637 Columbia, SC 29211 Charleston office 5300 International Blvd North Charleston, SC 29418 www.sclaunch.org SC Launch is a collaboration among the S.C. Research Authority and South Carolina’s university research foundations: Clemson University, the University of South Carolina and the Medical University of South Carolina. It was created to facilitate applied research, product development and commercialization programs, as well as to strengthen South Carolina’s knowledge economy by creating high wage-earning jobs. SC Launch provides entrepreneurs with key tools for success to help build technology startups, jobs and equity in the future for South Carolina.

S.C. Association of Community Development Corporations 658 Rutledge Ave., Second Floor Charleston, SC 29403 843-579-9855 www.communitydevelopmentsc.org The association is a statewide trade association of nonprofit, community-based development corporations within the state’s economically distressed communities. The association places particular emphasis on promotion of development in communities that have been left out of the economic mainstream, especially minority communities. The association’s mission is advancement of the community economic development industry in South Carolina, with the primary focus being to build the capacity of local community development corporations. The association currently recognizes more than 40 new and emerging organizations as community development corporations in South Carolina. These community economic development engines are located in urban and rural communities throughout the state.

The authority is dedicated to stimulating economic growth through science and technology, as well as providing leadership to create innovative solutions through advanced technology that enhances customers’ performance. S.C. Rural Development Council P.O. Box 23205 Columbia, SC 29224-2305 803-788-5700 www.scrdc.org State Rural Development Councils were formed to coordinate rural development efforts among federal departments and agencies, and to establish effective collaboration among states, local governments and the private sector. The state councils also work to develop strategies for using federal, state and privatesector resources for long-term rural economic development. State councils serve as forums for identifying issues affecting effective collaboration between the federal, state and local governments in rural economic development.

S.C. Economic Developers Association P.O. Box 1763 Columbia, SC 29202 803-929-0305 www.sceda.org This statewide association encompasses more than 700 member organizations whose primary objective is to increase the effectiveness of those involved in the practice of economic development in South Carolina.

Society for Human Resource Management – Charleston Chapter Tri-County HR Management Association 2401 Mall Drive North Charleston, SC 29406 843-529-6440 www.tchrma.org The Tri-County HR Management Association promotes the educational and professional development resources and services of the society; adopts programs to promote the progress, visibility and welfare of the society and its members in the human resources profession, including leadership training and succession planning; and provides dynamic and responsive programs and services to chapter members.

S.C. Jobs – Economic Development Authority 1201 Main St., Suite 1600 Columbia, SC 29201 803-737-0268 www.scjeda.net The purpose of this agency is to develop the business and economic welfare of South Carolina through loans, investments and promotion of the export of goods and services produced within the state. Such efforts are aimed at providing maximum opportunities for the creation and retention of jobs by the smalland middle-market business sector. The authority offers several loan programs designed to provide an alternative funding source to facilitate economic development, to fill financing gaps for the manufacturing, industrial and service industries. S.C. Research Authority 5300 International Blvd. North Charleston, SC 29418 843-760-3200 Corporate office 1330 Lady St., Suite 503 Columbia, SC 29201 803-799-4070 www.scra.org

80 2009 Market Facts | www.charles tonbusiness.com

HUMAN RESOURCES

S.C. Employment Security Commission 1550 Gadsden St. Mailing Address: P.O. Box 995 Columbia, SC 29202 803-737-2588 www.sces.org Services include maintaining a statewide network of Employment Service Offices, which offer testing, counseling and job referrals, as well as assisting all employers in filling jobs quickly with qualified personnel. All employment services are free to the public. The Labor Market Information Department and Palmetto Economic Analysis & Research System provide a database on industries, employers, population, income, occupations and other information.

S.C. Occupational Information System 1550 Gadsden St. Mailing Address: P.O. Box 995 Columbia, SC 29202 800-264-9038 www.scois.net This is a collaboration among 11 state agencies that coordinate the S.C. Occupational Information System, the state’s computerbased career information delivery system, which provides essential data on careers; salaries; scholarships; education; and job opportunities, including military, apprenticeships and post-secondary, trade and vocational programs. S.C. Occupational Safety Council 3608 Landmark Drive, Suite A Columbia, SC 29204 Mailing Address: P.O. Box 61044 Columbia, SC 29260-1044 803-738-1608 www.scosc.org Members of this nonprofit, nongovernmental safety service organization are businesses and professionals united to promote safety in the workplace. S.C. Workers’ Compensation Commission 1612 Marion St. Mailing Address: P.O. Box 1715 Columbia, SC 29202-1715 803-737-5700 www.wcc.state.sc.us The agency’s mission is to provide an equitable and timely system of benefits to injured workers and employers in the most responsive, accurate and reliable manner possible.

TECHNOLOGY Charleston Digital Corridor 392-A Meeting St. Charleston, SC 29403 843-724-3773 www.charlestondigitalcorridor.com The Charleston Digital Corridor is a creative effort by the city of Charleston to attract, nurture and grow knowledge-based enterprises. In partnership with regional economic development agencies, communication infrastructure providers and the private sector, the corridor’s commitment is to facilitate an environment in which technology companies thrive. ThinkTEC 2750 Speissegger Drive North Charleston, SC 29445 Mailing Address: P.O. Box 975 Charleston, SC 29402-0975 843-577-2510 www.thinktec.org

BUSINESS RESOURCES An initiative of the Charleston Metro Chamber of Commerce, ThinkTEC is aimed at advancing a knowledge-based innovation economy. The organization focuses on providing resources, public and private partnerships, capital investment facilitation and global contacts to knowledge-based firms. S.C. Technology Alliance 1201 Main St., Suite 2010 Columbia, SC 29201 803-748-1323 www.sctech.org The S.C. Technology Alliance was established to help prepare a technology-capable work force, create a business environment friendly to technology-intensive companies, invest to expand the base of rapidly growing companies and startup businesses, and invest in world-class university research programs that are directly linked to S.C. industry. S.C. Department of Revenue Quick Reference Telephone Contacts (Area code for all numbers is 803 unless otherwise noted) General Information: 898-5000 Hearing Impaired: 711 Business Tax Guide: 898-5000 Order Tax Forms: 800-768-3676 Income Tax Refund: 898-5300 Taxpayer Rights Advocate: 898-5444 Accommodations Tax: 896-1420

Corporation Tax: 896-1730 Individual Income Tax: 898-5709 Tobacco Taxes: 896-1970 Property Tax: 898-5222 Sales/Use Tax: 896-1420 Withholding Tax: 896-1450

FINANCIAL ASSISTANCE Business Carolina Inc. 1523 Huger St., Suite A Columbia, SC 29201 803-461-3801 or 800-756-4353 www.businesscarolina.net Business Carolina is a nonprofit, statewide development finance institution that provides financial products and capacity-building services to promote growth and competitiveness of new and existing small and medium-sized businesses in South Carolina. Business Carolina complements privatesector activities through a variety of lending programs designed to fill gaps in funding often faced by businesses, especially in rural and distressed areas of the state. Business Development Corp. of S.C. P.O. Box 21823 Columbia, SC 29221 803-798-4064 www.businessdevelopment.org The Business Development Corp. of S.C. was established in 1958 by the state Legisla-

introducing... BUSINESS SECTION

ture to promote business and industry within the state. The Business Development Corp. is a nonbank commercial lending company specializing in the SBA 7(a) loan guaranty program. Certified Development Corp. of S.C., a sister corporation of the Business Development Corp., has participated in providing financial assistance to businesses since 1994. Certified Development Corp. specializes in SBA 504 debenture financing. All of the services are limited to the state of South Carolina. Charleston Angel Partners 843-881-5623 www.charlestonangelpartners.com This member-driven organization comprises a group of Charleston area business professionals who work to help support highgrowth economic development in the region and screen and evaluate qualified startups looking for seed capital. Membership is open to area men and women who are qualified individual investors and who work collectively to gain the benefits of a group experience but act individually in every investment decision. Charleston Local Development Corp. 75 Calhoun St., Third Floor Charleston, SC 29401 843-724-3796 www.charlestonldc.com This agency provides technical assistance

(counseling) and administers loan programs for people who locate their businesses in the city of Charleston. The Local Development Corp. can also provide business owners with access to tax incentives and credits available through the city’s Renewal Community designation. Mortgage Bankers Association of the Carolinas Inc. P.O. Box 2588 Mount Pleasant, SC 29465 843-303-5705 www.mbac.org The Mortgage Bankers Association represents companies that participate in the mortgage lending industry within North and South Carolina. Members include residential and commercial mortgage bankers, mortgage brokers, wholesale lenders, savings and loan associations, commercial banks, credit unions, government agencies, nonprofit organizations and companies that provide affiliated services to mortgage bankers. Members receive legislative representation, education and training, networking, information resources and other benefits. Consumers can learn about the mortgage loan process, receive answers to mortgage-related questions, verify whether a lender is a member of the association, or receive assistance in resolution of disputes with lenders and affiliates.

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GOVERNMENT

Government

Legislative Representatives...84

avigating the red tape of government can be tricky for even the most savvy business owners and startup entrepreneurs. This section of Market Facts offers names, addresses and telephone numbers of state and local government offices, as well as legislators who represent the Charleston region.

U.S. House of Representatives .......................... 84

U.S. Senate ................................. 84

State Senate ............................... 84 State House of Representatives .......................... 84 Constitutional offices .................. 86 County Administration ...........86 County Economic Directors ......... 86

This section is sponsored by:

County Auditors .......................... 86 County Treasurers ....................... 87

GOVERNMENT

Tri-County Municipalities............. 87

82 2009 Market Facts | www.charles tonbusiness.com

GOVERNMENT

LEGISLATIVE REPRESENTATIVES U.S. SENATE LINDSEY GRAHAM (R) 290 Russell Senate Office Building Washington, DC 20510 202-224-5972 http://lgraham.senate.gov Local office: 530 Johnnie Dodds Blvd., Suite 202 Mount Pleasant, SC 29464 843-849-3887 JIM DEMINT (R) 340 Russell Senate Office Building Washington, DC 20510 202-224-6121 http://demint.senate.gov Local office: 112 Custom House 200 East Bay St. Charleston, SC 29401 843-727-4525

U.S. HOUSE OF REPRESENTATIVES HENRY E. BROWN JR. (R) 1st District – Horry, Berkeley, Charleston, Dorchester and Georgetown counties 103 Cannon House Office Building Washington, DC 20515 202-225-3176 www.house.gov/henrybrown Local office: 5900 Core Ave., Suite 401 North Charleston, SC 29406 843-747-4175 JAMES E. CLYBURN (D) 6th District – comprises portions or all of 15 regional counties 2135 Rayburn House Office Building Washington, DC 20515 202-225-3315 www.house.gov/Clyburn Local Office: 181 E. Evans St., 314 Florence, SC 29506 843-662-1212

STATE SENATE

GOVERNMENT

PAUL G. CAMPBELL JR. (R) District No. 44 – Berkeley County 604 Gressette Building Columbia, SC 29201 803-212-6016 PaulCampbell@scsenate.org GEORGE E. “CHIP” CAMPSEN III (R) District No. 43 – Berkeley and Charleston counties 604 Gressette Building Columbia, SC 29201 803-212-6016 Campsen@scsenate.org

RAY CLEARY (R) District No. 34 – Charleston, Georgetown and Horry counties 501 Gressette Building Columbia, SC 29201 803-212-6100 ClearyR@scsenate.org ROBERT FORD (D) District No. 42 – Charleston County 506 Gressette Building Columbia, SC 29201 803-212-6124 RIF@scsenate.org LAWRENCE K. “LARRY” GROOMS (R) District No. 37 – Berkeley, Charleston, Colleton and Dorchester counties 203 Gressette Building Columbia, SC 29201 803-212- 6400 STR@scsenate.org JOHN W. MATTHEWS JR. (D) District No. 39 – Bamberg, Colleton, Dorchester, Hampton and Orangeburg counties 613 Gressette Building Columbia, SC 29201 803-212-6056 JWM@scsenate.org GLENN F. McCONNELL (R) PRESIDENT PRO TEMPORE District No. 41 – Charleston County 101 Gressette Building Columbia, SC 29201 803-212-6610 SJU@scsenate.org CLEMENTA C. PINCKNEY (D) District No. 45 – Beaufort, Charleston, Colleton, Hampton and Jasper counties 512 Gressette Building Columbia, SC 29201 803-212-6148 CCP@scsenate.org MICHAEL T. ROSE [R] District No. 38 – Charleston and Dorchester counties 613 Gressette Building Columbia, SC 29201 803-212-6056 MikeRose@scsenate.org

STATE HOUSE OF REPRESENTATIVES ROBERT L. BROWN (D) District No. 116 – Charleston and Colleton counties 330D Blatt Building Columbia, SC 29201 803-734-3170 RLB@schouse.org

84 2009 Market Facts | www.charles tonbusiness.com

JOSEPH SOFRONIO DANING (R) District No. 92 – Berkeley County 310A Blatt Building Columbia, SC 29201 803-734-2951 JoeDaning@schouse.org

C. DAVID UMPHLETT JR. (R) District No. 100 – Berkeley County 310D Blatt Building Columbia, SC 29201 803-734-2946 UmphlettD@schouse.org

ROBERT W. HARRELL JR. (R) SPEAKER OF THE HOUSE District No. 114 – Charleston and Dorchester counties 506 Blatt Building Columbia, SC 29201 803-734-3125 HSP@schouse.org

J. SETH WHIPPER (D) District No. 113 – Charleston County 328C Blatt Building Columbia, SC 29201 803-734-3191 JSW@schouse.org

JOSEPH H. JEFFERSON JR. (D) District No. 102 – Berkeley County 304D Blatt Building Columbia, SC 29201 803-734-2936 JeffersonJ@schouse.org PATSY G. KNIGHT (D) District No. 97 – Dorchester County 306B Blatt Building Columbia, SC 29201 803-734-2960 KnightP@schouse.org HARRY B. “CHIP” LIMEHOUSE III (R) District No. 110 – Berkeley and Charleston counties 326C Blatt Building Columbia, SC 29201 803-734-2977 HBL@schouse.org

ANNETTE D. YOUNG (R) District No. 98 – Charleston and Dorchester counties 308C Blatt Building Columbia, SC 29201 803-734-2953 ADY@schouse.org JENNY ANDERSON HORNE (R) District 94 – Charleston and Dorchester counties 308A Blatt Building Columbia, SC 29201 803-212-6871 JennyHorne@schouse.org TIMOTHY E. “TIM” SCOTT (R) District 117 – Berkeley and Charleston counties 434A Blatt Building Columbia, SC 29201 803-212-6879 TimScott@schouse.org

DAVID J. MACK III (D) District No. 109 – Charleston County 328D Blatt Building Columbia, SC 29201 803-734-3192 DJM@schouse.org

ANNE P. HUTTO (D) District 115 – Charleston County Contact Address: 420A Blatt Building Columbia, SC 29201 803-212-6872 AnnePHutto@schouse.org

JAMES H. MERRILL (R) District No. 99 – Berkeley and Charleston counties 308D Blatt Building Columbia, SC 29201 803-734-3072 JM1@schouse.org

F. MICHAEL “MIKE” SOTTILE (R) District 112 – Charleston County Contact Address: 306D Blatt Building Columbia, SC 29201 803-212-6880 MikeSottile@schouse.org

VIDA O. MILLER (D) District No. 108 – Charleston and Georgetown counties 335D Blatt Building Columbia, SC 29201 803-734-2957 VOM@schouse.org

WENDELL G. GILLIARD (D) District 111 – Charleston County 328A Blatt Building Columbia, SC 29201 803-212-6793 WendellGilliard@schouse.org

LEONIDAS E. “LEON” STAVRINAKIS (D) District No. 119 – Charleston County 420D Blatt Building Columbia, SC 29201 803-734-3039 StavL@schouse.org

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GOVERNMENT

CONSTITUTIONAL OFFICES OFFICE OF THE ADJUTANT GENERAL Maj. Gen. Stanhope S. Spears, adjutant general 1 National Guard Road Columbia, SC 29201-4766 803-806-4217 stanhope.spears@sc.ngb.army.mil www.scguard.com S.C. DEPARTMENT OF AGRICULTURE Hugh E. Weathers, commissioner P.O. Box 11280 1200 Senate St. Columbia, SC 29211 803-734-2190 hweathe@scda.sc.gov www.scda.state.sc.us ATTORNEY GENERAL’S OFFICE Henry D. McMaster, attorney general Rembert Dennis Building 1000 Assembly St., Room 519 Columbia, SC 29201 803-734-3970 info@scattorneygeneral.com www.scattorneygeneral.org S.C. DEPARTMENT OF COMMERCE Joe E. Taylor, secretary of commerce 1201 Main St., Suite 1600 Columbia, SC 29201-3200 803-737-0400 info@ed.sc.gov www.sccommerce.com COMMERCE DEPARTMENT SMALL BUSINESS OMBUDSMAN Chuck Bundy 1201 Main St., Suite 1600 Columbia, SC 29201 803-737-0440 cbundy@sccommerce.com www.sccommerce.com S.C. COMPTROLLER GENERAL Richard Eckstrom, comptroller general 1200 Senate St. 305 Wade Hampton Office Building Columbia, SC 29201 803-734-2121 cgoffice@cg.state.sc.us www.cg.state.sc.us

GOVERNMENT

S.C. EMPLOYMENT SECURITY COMMISSION Roosevelt “Ted” Halley, executive director 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 www.sces.org OFFICE OF THE GOVERNOR Marshall “Mark” Clement Sanford, governor P.O. Box 12267 Columbia, SC 29211 803-734-2100 mark@gov.sc.gov www.scgovernor.com OFFICE OF THE LIEUTENANT GOVERNOR Andre Bauer, lieutenant governor State House, First Floor P.O. Box 142

Columbia, SC 29202 803-734-2080 ltgov@scsenate.org www.ltgov.sc.gov SECRETARY OF STATE Mark Hammond, secretary of state Edgar Brown Building 1205 Pendleton St., Suite 525 Columbia, SC 29211 803-734-2170 rdaggerhart@sos.sc.gov www.scsos.com STATE TREASURER Converse A. Chellis III, state treasurer Wade Hampton Office Building 1200 Senate St. Columbia, SC 29211 803-734-2016 treasurer@sto.state.sc.us www.state.sc.us/treas STATE SUPERINTENDENT OF EDUCATION Jim Rex, superintendent Rutledge Building 1429 Senate St. Suite 1006 Columbia, SC 29201 803-734-8492 info@ed.sc.gov www.ed.sc.gov/agency/superintendent

COUNTY ADMINISTRATION CHARLESTON COUNTY ADMINISTRATOR Allen O’Neal Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Charleston, SC 29405 843-958-4000 www.charlestoncounty.org CHARLESTON COUNTY COUNCIL Joe McKeown (District 1) 843-343-4991 jmckeown@charlestoncounty.org Dickie Schweers (District 2) 843-513-9229 dickieschweers@tds.net J. Elliott Summey (District 3) 843-200-4244 esummey@charlestoncounty.org Henry Darby (District 4) 843-297-9014 henrydarby@msn.com Teddie E. Pryor Sr., chairman (District 5) 843-744-5308 tpryor@charlestoncounty.org A. Victor Rawl (District 6) 843-766-7334 vrawl@charlestoncounty.org Colleen T. Condon (District 7) 843-225-7288 colleen@colleencondon.com

86 2009 Market Facts | www.charles tonbusiness.com

Curtis Inabinett (District 8) 843-889-3949 curtisinabinettsr@webtv.net Paul Thurmond, vice chairman (District 9) 843-937-8000 pthurmond@tktlawfirm.com BERKELEY COUNTY ADMINISTRATOR Daniel W. Davis 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4094 www.co.berkeley.sc.us BERKELEY COUNTY COUNCIL Daniel W. Davis, chairman 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4094 Phillip Farley (District 1) 843-747-2486 Timothy J. Callanan (District 2) 843-628-6363 Robert O. Call, Jr., (District 3) 843-764-1976 Cathy S. Davis (District 4) 843-875-9541 Dennis Fish (District 5) 843-871-9028 Jack H. Schurlknight (District 6) 843-761-4303 Caldwell Pinckney Jr. (District 7) 843-753-7377 Steve C. Davis (District 8) 843-761-7727 DORCHESTER COUNTY ADMINISTRATOR Jason L. Ward, administrator 201 Johnston St. Kenneth F. Waggoner Building St. George, SC 29477 843-563-0100 www.dorchestercounty.net DORCHESTER COUNTY COUNCIL Willie R. Davis (District 1) 843-563-2739 wdavis@dorchestercounty.net Christopher J. Murphy (District 2) 843-832-1120 cmurphy@dorchestercounty.net Kenneth Waggoner (District 3) 843-200-6934 kwaggoner@dorchestercounty.net Larry Hargett (District 4) 843-514-7135 lhargett@dorchestercounty.net Richard Rosebrock (District 5) 843-871-9877

rrosebrock@dorchestercounty.net William R. “Bill” Hearn, Jr. (District 6) 843-851-8383 bhearn@dorchestercounty.net Jamie Feltner, chairman (District 7) 843-832-0196 jfeltner@dorchestercounty.net

COUNTY ECONOMIC DIRECTORS Berkeley County Economic Development Gene Butler P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4096 www.co.berkeley.sc.us gbutler@co.berkeley.sc.us Charleston County Economic Development J. Steven Dykes Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Charleston, SC 29405 843-958-4506 sdykes@charlestoncounty.org www.charlestoncounty.org Dorchester County Economic Development Jon Baggett P.O. Box 340 402 N. Main St. Summerville, SC 29484 843-875-9109 jon@DorchesterForBusiness.com www.dorchestercountysc.net

COUNTY AUDITORS BERKELEY COUNTY Janet Brown Jurosko P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461-6120 843-719-4309 jjurosko@co.berkeley.sc.us CHARLESTON COUNTY Peggy Moseley P.O. Box 614 101 Meeting St. Charleston, SC 29402 843-958-4200 pmoseley@charlestoncounty.org DORCHESTER COUNTY Brenda Nix Main office: 201 Johnston St. St. George, SC 29477 843-563-0118 Summerville office: 500 N. Main St. Summerville, SC 29483 843-832-0169 auditoradmin@dorchestercounty.net

GOVERNMENT

COUNTY TREASURERS BERKELEY COUNTY Carolyn Umphlett P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4040 CHARLESTON COUNTY Andrew C. Smith Main office: O.T. Wallace County Office Building 101 Meeting St., Suite 240 Charleston, SC 29402 843-958-4360 East Cooper Service Center: 1189 Iron Bridge Road Mount Pleasant, SC 29464 843-856-1200 North Charleston Service Center: Lonnie Hamilton III Public Services Building 4045 Bridge View Drive, Suite B101 Charleston, SC 29405 843-202-6691 St. Paul’s Service Center 5962 S.C. Highway 165, Suite 300 Ravenel, SC 29470 843-889-8351 DORCHESTER COUNTY Main office: Mary L. Pearson 201 Johnston St. St. George, SC 29477 843-563-0165 Summerville Branch: 500 N. Main St. Summerville, SC 29483 843-832-0165 mpearson@dorchestercounty.net

TRI-COUNTY MUNICIPALITIES Population data based on 2008 estimates AWENDAW Population: 1,200 Mayor: William H. Alston 6971 Doar Road Awendaw, SC 29429 843-928-3100 www.awendawsc.org

CHARLESTON Population: 126,567 Mayor: Joseph P. Riley Jr. Lonnie Hamilton III Public Services Building 4045 Bridge View Drive North Charleston, SC 29405 843-577-6970

FOLLY BEACH Population: 2,333 Mayor: Carl Beckmann P.O. Box 48 21 Center St. Folly Beach, SC 29439 843- 588-2447 www.cityoffollybeach.com Toni W. Connor, administrator: 843-708-9474 Building Official/Zoning Administrator: 843-5882447 GOOSE CREEK Population: 36,466 Mayor: Michael J. Heitzler P.O. Drawer 1768 519 North Goose Creek Blvd. Goose Creek, SC 29445 843-797-6220 www.cityofgoosecreek.com Planning Department: 843-797-6220, ext. 118 HANAHAN Population: 12,937 Mayor: Minnie N. Blackwell 1255 Yeamans Hall Road Hanahan, SC 29406 843-554-4221 www.cityofhanahan.com HARLEYVILLE Population: 633 Mayor: Charles Ackerman 119 S. Railroad Ave. Harleyville, SC 29448 843-462-7676 HOLLYWOOD Population: 4,352 Mayor: Jacquelyn S. Heyward 6316 S.C. Highway 162 P. O. Box 519 Hollywood, SC 29449 843-889-3222 ISLE OF PALMS Population: 4,643 Mayor: Dick Cronin 8 Marsh Point Lane Isle of Palms, SC 29451 843-886-9361 www.isle-of-palms.sc.us Building Permits & Business Licenses: 843-886-9912 JAMES ISLAND Population: 20,000-22,000* Mayor: Mary Clark P.O. Box 12240 1238 Camp Road James Island, SC 29412 843-762-7744 www.townofjamesislandsc.org *Preliminary; Council of Governments will update as data is available. www.bcdcog.com

JAMESTOWN Population: 100 Mayor: Roy P. Pipkin P.O. Box 145 7604 S.C. Highway 41 Jamestown, SC 29453 843-257-2233 www.bcdcog.com/pdf/Regional_Directory/ jamestown.pdf

Economic Development: 843-740-2530 Zoning: 843-740-2578

KIAWAH ISLAND Population: 1,108 Mayor: William G. Wert 21 Beachwalker Drive Kiawah Island, SC 29455 843-768-9166 www.kiawahisland.org

REEVESVILLE Population: 210 Mayor: Paul Wimberly P.O. Box 126 Reevesville, SC 29471 843-563-2058

RAVENEL Population: 2,285 Mayor: Opal N. Baldwin 5962 S.C. Highway 165, Suite 100 Ravenel, SC 29470 843-889-8732

RIDGEVILLE Population: 2,033 Mayor: James Williams P.O. Box 238 Ridgeville, SC 29472 843-871-7960

LINCOLNVILLE Population: 846 Mayor: Tyrone E. Aiken P.O. Box 536 Lincolnville, SC 29485 843-873-3261 www.lincolnvillesc.com McCLELLANVILLE Population: 471 Mayor: Rutledge B. Leland III 21 Morrison Ave. McClellanville, SC 29458 843-887-3713 www.townofmcclellanville-sc.net MEGGETT Population: 1,348 Mayor: Grange S. Coffin 4776 S.C. Highway 165 Meggett, SC 29449 843-889-3622 www.meggettsc.com MONCKS CORNER Population: 6,572 Mayor: William W. Peagler III P.O. Box 700 118 Carolina Ave. Moncks Corner, SC 29461 843-719-7900 www.townofmonckscorner.com MOUNT PLEASANT Population: 59,113 Mayor Pro Tem: Kruger B. Smith 100 Ann Edwards Lane P.O. Box 745 Mount Pleasant, SC 29464 843-884-8517 www.townofmountpleasant.com Building Inspection & Zoning: 843-884-1229 Business Licenses: 843-849-2786 Economic Development: 843-856-2504 NORTH CHARLESTON Population: 91,421 Mayor: R. Keith Summey P.O. Box 190016 4900 LaCross Road North Charleston, SC 29406 843-740-2501 www.northcharleston.org Building Inspection & Permits: 843-740-2530

ROCKVILLE Population: 131 Mayor: Mary Ann Cates 2484 Sea Island Yacht Club Road Wadmalaw Island, SC 29487 843-559-7072 www.townofrockville.com ST. GEORGE Population: 2,104 Mayor: Anne Johnston P.O. Box 904 305 Ridge St. St. George, SC 29477 843-563-3032 ST. STEPHEN Population: 1,758 Mayor: Robert B. Hoffman 124 Hood St. St. Stephen, SC 29479 843-567-3597 SEABROOK ISLAND Population: 1,200 Mayor: Frank McNulty 1307 Jenkins Lagoon Drive Seabrook Island, SC 29455 843-768-7264 www.townofseabrookisland.org SULLIVAN’S ISLAND Population: 1,878 Mayor: Carl J. Smith P.O. Box 427 1610 Middle St. Sullivan’s Island, SC 29482 843-883-3889 www.sullivansisland-sc.com SUMMERVILLE Population: 44,036 Mayor: Berlin G. Myers 104 Civic Center Summerville, SC 29483 843-871-6000 www.summerville.sc.us

www.charlestonbusiness.com | 2009 Market Facts

GOVERNMENT

BONNEAU Population: 349 Mayor: Rembert E. Wrenn P.O. Box 70 420 Municipal Lane Bonneau, SC 29431 843-852-3385

www.charlestoncity.info Building Permits: 843-202-6940 Business Licenses: 843-202-6080 Construction Permits: 843-724-7431 Economic Development: 843-958-4506 Zoning: 843-724-3765

INDEX OF

ADVERTISERS

ACO Distribution & Warehousing Inc. ................................................ 53

Homeowners Mortgage.................................................................... 28

aloft Hotel ........................................................................................ 65

Hood Construction ............................................................................. 9

American Promotional Products ....................................................... 33

JE Oswalt & Sons ............................................................................ 53

Blackhawk Logistics ........................................................................ 51

JMC Charleston ............................................................................... 63

Blanchard Machinery ....................................................................... 15

KNOLOGY ........................................................................................ 75

Caldwell Commercial Real Estate Services ....................................... 21

Landmark Construction .................................................................... 16

Carolina Acoustical & Drywall Inc. .................................................... 41

Malphrus Construction Co. ............................................................... 11

Carolina Center for Occupational Health ........................................... 71

Maritime Real Properties LLC ........................................................... 18

Carolina Services Inc. ...................................................................... 41

Marshall Walker Group ..................................................................... 31

CB Richard Ellis Carmody Co............................................................ 12

Medical Careers Institute at ECPI ..................................................... 73

CCIM ............................................................................................... 10

MUSC .............................................................................................. 67

Charleston County Park and Recreation Commission........................ 57

Musselman Construction ................................................................. 15

Charleston Marriott Hotel ................................................................. 59

P&H Mechanical .............................................................................. 19

Charleston Metro Chamber of Commerce......................................... 77

Palmetto Primary Care Physicians .................................................... 69

Charleston Southern University ........................................................ 46

Patrick Properties LLC ..................................................................... 60

Charleston Trident Association of Realtors ........................................ 20

Peters Paint and Wallpaper .............................................................. 22

Christopher Rose Architects ............................................................... 8

Pinckney-Carter Insurance ............................................................... 78

Citadel Graduate College, The .......................................................... 43

Read’s Moving Systems ................................................................... 13

Coldwell Banker/Atlantic International ................................................ 9

Real Estate Information Service ....................................................... 18

College of Charleston ................................................................. 37, 49

Ross Printing ................................................................................... 79

Comcast of Carolina Inc. .................................................................. 23

S & ME ............................................................................................ 55

Commercial Investment Group ......................................................... 21

SAIC Eagan, McAllister Associates Inc. ............................................. 85

Coppedge & Tison Commercial Real Estate ...................................... 11

SCRA .............................................................................................. 83

Cornerstone Company of Charleston ................................................ 19

SIOR Designation Charleston.............................................................. 7

Courtyard by Marriott Mt. Pleasant ................................................... 61

Sonitrol Security .............................................................................. 81

Cox Schepp Construction Inc............................................................ 12

Spherion Staffing ............................................................................. 78

Crest Contracting ............................................................................. 13

Spirit Telecom ...........................................................Inside Back Cover

Crosby Plumbing Group ................................................................... 16

Thompson Turner Construction ........................................................ 14

Daniel Ravenel Sotheby’s International Realty .................................... 5

Trident Construction ........................................................................... 8

Delta Dental ..................................................................................... 71

Trident Health System ...................................39, 70, Inside Front Cover

ECPI College of Technology .............................................................. 47

Trident Technical College ..............................................45, Back Cover

EDDSA LLC ...................................................................................... 73

USC Professional MBA ..................................................................... 49

Elliott Davis LLC ............................................................................... 25

Webster Rogers LLP......................................................................... 27

Francis Marion Hotel ........................................................................ 61

Weichert Realty................................................................................ 17

Heritage Trust Federal Credit Union .................................................. 29

WGM Design Inc. ............................................................................. 33

HOME Telephone Co......................................................................... 81

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