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A recycling partner you can count on
Sonoco Recycling offers customized recycling solutions designed to achieve clients’ sustainability goals through landfill diversion, hauling and landfill fee reduction, revenue stream enhancement and a reduced environmental footprint. Since 1972, Sonoco Recycling has played a significant role in Charleston area recycling efforts. Today, we serve over 150 local businesses, recovering approximately 36,000 tons of material each year in Charleston County alone; saving nearly 150,000 cubic yards of landfill space and more than $2 million in landfill fees for our customers.
2025 Tellico Rd Charleston, SC 29405 843-577-6840 877-9SONOCO www.sonocorecycling.com recyclinginfo@sonoco.com
Field Supply Manager: Tim Hoover tim.hoover@sonoco.com 843-861-9454
People First, Properties Second
Brokerage • Management • Development •
843.747.1200 • www.AnchorCommercial.net
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Vice President of Sales - Steve Fields sfields@scbiznews.com • 849.3110
MarketFACts
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Dear Reader,
Managing Editor - Andy Owens
Senior Copy Editor - Beverly Morgan bmorgan@scbiznews.com • 849.3115 Special Projects Editor - Allison Cooke Oliverius aoliverius@scbiznews.com • 849.3149 Staff Writer – Matt Tomsic mtomsic@scbiznews.com • 849.3144
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Circulation, Event and Business Coordinator Kim McManus kmcmanus@scbiznews.com • 849.3116
Medical & Health Care
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Hospitality & Tourism
Brent Rupp brupp@scbiznews.com • 849.3105
Import/export & distribution
Account Executives
Education
Senior Graphic Designer - Jane Mattingly
Employment & Economic development
Staff Photographer - Leslie Burden
Demographics
Welcome to our eighth edition of Market Facts. I keep hearing economists saying the recession is over. It might be over in strictly academic terms, but all of us working down in the trenches can tell we have a long way to go before it’s really over. A major advantage the Business Journal has as the local source for business news is that we are a small business ourselves. Indeed, the struggles we have within our company tend to mirror the struggles of the business community we serve, giving us insight into the topics we should cover. So here we are, still slugging our way through the recession with the grit and determination of our committed staff. And like a prizefighter, we’re beat-up and tired, but nobody’s thinking about throwing in the towel. On one hand, we’re watching the revenue indicators like a hawk; on the other, we’re making sure our managers have growth plans and the talent pipeline intact so that when we see some sustained revenue growth, we can react quickly to seize new opportunities and also provide some relief for our people in the form of more help. During this transitional period, access to data is even more crucial for decisionmakers. When we came up with the original idea of publishing Market Facts, we envisioned it as a tool for our readers to use when composing new or updating existing business plans. It was actually born out of our need to gather facts and data to support our own expansion. When we found out what a pain it was to find everything CEO and we needed, we had an epiphany: “Gee, somebody ought to publish this stuff!” Group Publisher As the publication has grown, it has taken its place as the companion to our annual Book of Lists. The combination of the listings of the largest companies in most of the major business categories in the Book of Lists with the statistics and other data presented in Market Facts in chart, graph and table format gives you a pretty good grasp on the region’s business community. You will find that we continue to add references to the Book of Lists to facilitate using both publications in tandem. Our creative director, Ryan Wilcox, is a master at presenting complex information in a way that is pleasing to the eye and easily understandable. If you are like me, you can quickly go cross-eyed reading data tables. So each year, Ryan improves the layout by including more art, by shading and highlighting important facts, and by adding footnotes and explanations to help make the data more user-friendly. This year, he continues to use subject tabs similar to those he designed for the Book of Lists on the outside margins of each page. I extend my best wishes to you in the year to come and hope Market Facts aids you in improving the performance of your business planning. I also want to recognize our title sponsors, Anchor Commercial Real Estate Services, Trident Technical College’s Division of Continuing Education and Economic Development, Sonoco Recycling Inc. and all of our section sponsors and advertisers for enabling us to provide this valuable resource for the region’s business decision-makers.
aowens@scbiznews.com • 849.3141
Financial Services
Accounting Department - Vickie Deadmon
2011
gjohnson@scbiznews.com • 849.3103
Real Estate
President and Group Publisher - Grady Johnson
SC Business Publications LLC
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Business Resources
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founded in 1990 as a department of the Charleston Metro Chamber The entire contents of this newspaper are copyright by SC Business Publications LLC with all rights reserved. Any reproduction or use of the content within this publication without permission is prohibited. SCBIZ and South Carolina’s Media Engine for Economic Growth are registered in the U.S. Patent and Trademark Office.
demographic information on the Charleston metropolitan area. For more information, call 843-577-2510 or visit www.charlestonchamber.net. www.charlestonbusiness.com | 2011 Market Facts
1
Government
of Commerce, compiles, analyzes and distributes economic and
1
Real Estate Financial Services
ABOUTour SPONSORs
Our Section SPONSORS Real Estate
Financial Services
T
rident Technical College’s Division of Continuing Education and Economic Development promotes economic development through a variety of training opportunities, including licensure and certification, career renewal and enhancement, and customized programs to improve the competitiveness and quality of area businesses. Extensive training is available in aeronautics, computer and information technology, contracting and construction, culinary arts, environmental and safety compliance, floral and interior design, health care, logistics, management and leadership, manufacturing, and green business and sustainability. Diverse and creative experiences in lifelong learning, including personal enrichment courses and youth programs, are also offered. The division provides cost-effective and affordable quality training using the latest technologies available. Continuing education courses are held days, evenings and weekends on TTC campuses and at various sites throughout the Lowcountry as well as online. In 2010, 13,500 people attended one of the college’s more than 1,000 continuing education courses, resulting in 627,000 contact hours.
Demographics
Employment & Economic Development
Education
Import/Export & Distribution
S
ince 1999, Anchor Commercial has been one of Charleston’s premier providers of comprehensive commercial real estate solutions, including brokerage, management and development services. At Anchor, we don’t pursue every real estate assignment; instead, we strive to create long-standing relationships that are mutually rewarding. We are committed to providing a level of service far beyond that which is expected — our goal is to delight our clients, not simply to satisfy them. Contact us to learn how we can help you successfully navigate the world of commercial real estate and to learn how the Anchor team truly puts PEOPLE FIRST, PROPERTIES SECOND.
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
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Government
2
Hospitality & Tourism
Medical & Health Care
S
onoco Recycling offers comprehensive recycling solutions tailored to meet the sustainability needs of municipalities and commercial entities of all types. Our waste management experts provide personalized service and customized solutions designed to achieve their clients’ sustainability goals through landfill diversion, hauling and landfill fee reduction, revenue stream enhancement and a reduced environmental footprint. Since 1972, Sonoco Recycling has played a significant role in Charleston area recycling efforts. Today, our company maintains relationships with more than 150 commercial businesses in the area, reclaiming approximately 36,000 tons of material each year in Charleston County alone. This reclaimed material results in nearly 150,000 cubic yards of saved landfill space and more than $2 million in savings for local businesses in avoided landfill fees. It is our mission to be "the recycling partner you can count on."
2 2011 Market Facts | www.charlestonbusines s.com
Business Resources
Government
Real Estate
CONTENTS
Financial Services Demographics
22
28
34
42
Financial Services
Demographics
Employment & Economic Development
Education
50
56
64
70
78
Education
Real Estate
Employment & Economic development
4
Hospitality & Tourism
Medical & Health Care
Business Resources
Government
Import/export & distribution
Import/Export & Distribution
Hospitality & Tourism Medical & Health Care Business Resources Government
3
Cover Photo/Ryan Wilcox Table of Contents Photo/Leslie Burden
www.charlestonbusiness.com | 2011 Market Facts
3
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
R e a l E s TATE
Real Estate
Charleston-area Housing Market..................... 6 New Listings and Closed Sales ...................... 6
U
ncertainty continues to plague Charleston-area real estate, with more foreclosures expected to be dumped on the market and a lack of financing for speculative properties. With a soft commitment from the Federal Reserve to keep interest rates low for the next year, that’s less of an unknown for the next 12 months. Listings for residential properties decreased less than 1% in 2010 compared with the previous year, but actual closings were up 5.2% — the first increase in four years, when double-digit decreases have been typical. The median sales price for homes in the Charleston region was up 3% for the year, at $188,979, marking another positive trend after back-to-back years of declines, of 3.9% and 8.5%. Commercial real estate, which didn’t fall as fast or as far as residential, has nonetheless struggled to regain its footing. Industry experts say that leases are more popular than ever and that as absorption rates increase, through leases or sales, the price per square foot is going to increase. That could be a positive development for warehouse, office and retail space, and the demand could drive the financial backing of construction projects for commercial real estate, something that hasn’t occured during the post-recession era.
Median Sales Price and Average Sales Price........................................ 6 Days on Market.............................................. 8 Homes for Sale at Year End............................. 8 New Construction Homes for Sale................... 9 S.C. Housing Market..................................... 10 Closed Sales and Average Sales Price........... 10 Charleston Region Industrial Market.............. 11 2010 Year-end Industrial Market Report – Greenville....................................... 12 Charleston Region Industrial Report.............. 13 Industrial Buildings....................................... 14
Business Resources
Retail Trends Report...................................... 16 Vacancy Rate and Year-to-date Absorption................................ 18
This section is sponsored by:
Government
4
4 2011 Market Facts | www.charlestonbusines s.com
Year-end Retail Market Report...................... 18 Foreclosures – Regional Comparison............ 19 Charleston Region Office Trends Report.......................................................... 20 Charleston Apartment Market....................... 21
DOWNLOAD
OUR
MOBILE APP
Free instant access to local homes for sale Just text DRSIR to 87778 Red Boats, Argenteuil used with permission. 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
Real Estate
R e a l E s TATE
Charleston Area Housing Market New Listings
Closed Sales
Financial Services
27,952 27,000
18,000
26,955
24,000
21,665
21,000
18,901
Import/export & distribution
Education
Employment & Economic development
Demographics
18,000
12,000
8,000
9,000
6,000
6,000
4,000
3,000
Hospitality & Tourism
-3.6%
-19.6%
2007
2008
-12.8%
-0.9%
0
Business Resources Government
8,913
2,000
8,224
8,649
-22.1%
-30.2%
-77.7%
5.2%
2007
2008
2009
2010
0 2006
Top 5 Areas: Change in New Listings from 2009 Upper Mount Pleasant.....................12.9% Folly Beach.......................................8.6% Hanahan...........................................8.5% St. George/ Rural Dorchester County...................6.9% Hollywood/Ravenel/Meggett Area......6.5%
2009
2010
Bottom 5 Areas: Change in New Listings from 2009 Daniel Island................................... -2.1% Dorchester Road Corridor.............. -13.4% Lower Mount Pleasant.................. -14.1% Downtown Charleston................... -15.8% Kiawah and Seabrook Islands ...... -15.9%
Median Sales Price
2006
Top 5 Areas: Change in Home Sales from 2009 Folly Beach.....................................89.1% Upper Charleston Peninsula............52.9% Daniel Island...................................51.4% Isle of Palms...................................30.2% Kiawah and Seabrook Islands.........30.1%
$235,000
$290,000
$204,000
$293,409
$299,081
$294,485
$280,000
$208,490
$270,000
$200,395
$190,000
$183,440
$188,979
$250,000
$160,000
$240,000
$145,000
$230,000
$130,000
$220,000
2.2%
-3.9%
-8.5%
3.0%
2007
2008
2009
2010
$266,106
$260,000
$175,000
$115,000
Bottom 5 Areas: Change in Home Sales from 2009 West Ashley Area............................ -4.6% St. George/ Rural Dorchester County................. -7.7% Hanahan......................................... -8.1% Dorchester Road Corridor.............. -19.6% Rural Berkeley County.................. -24.5%
Average Sales Price
$100,000
6
12,771
12,000 10,000
$220,000
Medical & Health Care
14,000 18,728
15,000
$205,000
16,402
16,000
$253,409
$210,000
1.9%
-1.5%
-13.7%
4.7%
2007
2008
2009
2010
$200,000 2006
Top 5 Areas: Change in Median Sales Price from 2009 Sullivan’s Island...............................44.2% Kiawah and Seabrook Islands..........28.1% Daniel Island ...................................16.4% Wando/Cainhoy Area.......................14.7% Hollywood/Ravenel/Meggett Area....13.6%
Bottom 5 Areas: Change in Median Sales Price from 2009 Johns Island.................................... -5.0% Edisto Area...................................... -5.7% Dorchester Road Corridor................ -6.0% Folly Beach.................................... -14.6% Rural Berkeley County................... -24.1%
Source: Charleston Trident Association of Realtors
6 2011 Market Facts | www.charlestonbusines s.com
2006
Top 5 Areas: Change in Average Sales Price from 2009 Hollywood/Ravenel/Meggett Area....22.0% Kiawah and Seabrook Islands ........22.0% Wando/Cainhoy Area.......................16.9% Daniel Island...................................12.6% James Island....................................7.8%
Bottom 5 Areas: Change in Average Sales Price from 2009 Downtown Charleston..................... -8.9% Edisto Area..................................... -8.9% Isle of Palms................................... -9.8% Rural Berkeley County.................. -11.0% Folly Beach................................... -13.9%
People First, Properties Second
Our Sign of Integrity, Your Guarantee of Value
•
Brokerage
•
Management
•
Development
843.747.1200 • www.AnchorCommercial.net
R e a l E s TATE Real Estate
Charleston Area Housing Market Days on Market Until Sale
111
110 100
Financial Services
107
103
90 79
80 70
Demographics
60 50
52
40 30
Employment & Economic development
20 10
51.4%
30.3%
8.7%
-4.8%
2007
2008
2009
2010
0 2006
Import/export & distribution
Education
Top 5 Areas: Fewest Days on Market Until Sale in 2010 Isle of Palms.........................................77 Edisto Area...........................................83 Kiawah and Seabrook Islands...............89 Sullivan’s Island....................................97 Downtown Charleston...........................98
Bottom 5 Areas: Most Days on Market Until Sale in 2010 Greater Summerville Area...................196 Wando/Cainhoy Area...........................201 GooseCreek/Moncks Corner Area........202 Hanahan.............................................208 Dorchester Road Corridor....................226
Homes for Sale at Year End 11,000
10,389
10,000
Hospitality & Tourism
9,000
10,267 9,442
8,843
8,214
8,000 7,000 6,000 5,000
Medical & Health Care
4,000 3,000 2,000 1,000
17.5%
-1.2%
-8.0%
-13.0%
2007
2008
2009
2010
Business Resources
0
Government
8
“I cannot say enough positive things about C.F. Evans. The level of professionalism, organization, timeliness and quality is superior.” - Mike Schwarz, Woodfield Investments
2006
Top 5 Areas: Change in Number of Homes for Sale from 2009 Upper Mount Pleasant........................11.7% West Ashley Area..................................6.9% Hanahan...............................................6.6% St. George/Rural Dorchester County.....1.5% Greater Summerville Area....................-6.0%
Bottom 5 Areas: Change in Number of Homes for Sale from 2009 Wando/Cainhoy Area........................ -21.8% Dorchester Road Corridor................. -23.8% Folly Beach....................................... -23.8% Daniel Island..................................... -27.0% Lower Mount Pleasant...................... -38.5%
:H EXLOG LW OLNH LW·V RXUV p 803.536.6443
www.cfevans.com
8 2011 Market Facts | www.charlestonbusines s.com
Source: Charleston Trident Association of Realtors
R e a l E s TATE Real Estate
New Construction Homes for Sale September 2007
3,600
Peak in homes for sale
-1,823
3,400 3,200 3,000
Financial Services
Drop in inventory from peak
2,800 Demographics
2,600 2,400 2,200
Employment & Economic development
2,000 1,800 1,600 1,400
Education
1,200 1,000 2006
2007
2008
2009
2010
Commercial Sales, Leasing & Property Management
Import/export & distribution
Source: Charleston Trident Association of Realtors
Hospitality & Tourism
Robert Barrineau Broker
Joyce Beach Broker
Geoffrey Groat Broker
Matine deLoach Broker
Michael Carmody Broker
Markus Kastenholz CPA, Broker
Daniel Atwill Broker
Mike White Broker
Cheryl Parish Financial Manager
Bobby Carrier Director of Property Management
www.charlestonbusiness.com | 2011 Market Facts
9
Government
134 Meeting Street, Suite 510 – Charleston, SC 29401 Office 843.577.0702 – Fax 843.577.0710 www.cbrecharleston.com
Business Resources
Brian Carmody Broker
Medical & Health Care
Charles Carmody Managing Broker
9
R e a l E s TATE Real Estate
South Carolina Housing Market Closed Sales 80,000
Financial Services
75,000
74,829 69,244
70,000 65,000
55,000 51,821 50,000 45,000
www.tridentconstruction.com 572-7600
47,013
-25.2%
-9.4%
0.2%
2007
2008
2009
2010
40,000 2006
Hilton Head Island Area.................. 16.1% North Augusta................................ 13.8% Piedmont Regional..........................-9.7% Greater Pee Dee.............................-7.6% Southern Midlands........................-11.2% Spartanburg....................................-6.2% Sumter/Clarendon County.............-12.2% Western Upstate.............................. 2.4%
Average Sales Price
Experience The Difference.
Hospitality & Tourism
Import/export & distribution
46,929
-7.5%
Changes from 2009 Aiken............................................... 7.2% Beaufort........................................ 21.7% Charleston Trident............................ 4.4% Coastal Carolinas........................... 16.0% Greater Columbia..........................-11.5% Greater Greenville...........................-5.4% Greenwood.....................................-6.4%
Education
Employment & Economic development
Demographics
60,000
$225,000
$224,696
$224,258
$220,000 $215,000
$213,109
$210,000
Medical & Health Care
Commercial || Industrial || Institutional || Retail || Upfits
$205,000 $200,000 $192,217
$195,000
$195,136
-0.2%
-5.0%
-9.8%
1.5%
2007
2008
2009
2010
$190,000 Business Resources
2006
Changes from 2009 Aiken..............................................-3.7% Beaufort.......................................-12.1% Charleston Trident............................ 5.3% Coastal Carolinas............................-8.0% Greater Columbia............................. 1.9% Greater Greenville............................ 4.7% Greenwood...................................... 6.2%
Government
10
682 Johnnie Dodds Boulevard, Suite 101, Mt. Pleasant SC 29464 www.southconbuilding.com || 843.225.2845
10 2011 Market Facts | www.charlestonbusines s.com
Source: South Carolina Association of Realtors
Hilton Head Island Area.................-10.2% North Augusta.................................. 2.3% Piedmont Regional........................... 2.4% Greater Pee Dee.............................. 3.4% Southern Midlands..........................-5.5% Spartanburg....................................-2.0% Sumter/Clarendon County................ 3.9% Western Upstate.............................. 1.4%
R e a l E s TATE
June 2011 34,420,311 6,389,732 18.6% 647,230 81.4%
31,357,236 6,354,531 20.3% N/A 79.7%
32,457,236 6,317,113 19.5% 1,137,418 80.5%
32,957,236 6,159,145 18.7% 657,968 81.3%
1,463,075 149,837 10.2% N/A 89.8%
1,463,075 219,849 15.0% -70,012 85.0%
1,463,075 230,587 15.8% -10,738 84.2%
June 2010 Dec. 2010 5,761,204 5,761,204 1,304,938 1,405,700 22.7% 24.4% N/A -100,762 77.3% 75.6% June 2010 Dec. 2010 13,166,123 13,166,123 2,822,502 2,767,042 21.4% 21.0% N/A 55,460 78.6% 79.0% June 2010 Dec. 2010 440,821 440,821 105,071 102,571 23.8% 23.3% N/A 2,500 76.2% 76.7% June 2010 Dec. 2010 8,260,462 9,360,462 1,397,770 1,276,590 16.9% 13.6% N/A 1,221,180 83.1% 86.4%
June 2011 5,761,204 1,147,472 19.9% 258,228 80.1% June 2011 13,666,123 2,868,287 21.0% 398,755 79.0% June 2011 440,821 76,411 17.3% 26,160 82.7% June 2011 9,360,462 1,124,465 12.0% 152,125 88.0%
Education
N/A - Not Available Inventory includes all buildings 25,000 square feet and larger Source: NAI Avant; NAI Earle Furman
Goose Creek/ Moncks Corner Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy North Charleston Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy Mount Pleasant/Wando Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy Summerville/Jedburg Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy
Employment & Economic development
Dec. 2010 33,920,311 6,536,962 19.3% 1,067,406 80.7%
Demographics
June 2010 32,820,311 6,504,368 19.8% N/A 80.2%
Financial Services
Charleston Industrial Market Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy Warehouse Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy Flex Gross Lettable Area Vacant Square Footage % Vacant Square Feet Absorbed Occupancy
Real Estate
Charleston Region Industrial Market June 2010-2011
Import/export & distribution
Caldwell Commercial Real Estate Services
Hospitality & Tourism Medical & Health Care
P.O. Box 1504 Mt. Pleasant, SC 29465 Phone: 843.566.1888 Fax: 843.554.8000
Business Resources
Proudly serving the Lowcountry for 10 years www.caldwellcommercial.com
www.charlestonbusiness.com | 2011 Market Facts
Government
11
11
2010 Year-end Industrial Market Report – Greenville Existing Inventory
Market Anderson Cherokee Greenville Laurens County Pickens Spartanburg Totals
No. of Buildings 312 59 2,192 45 131 1,223 3,962
Total Rentable Building Area 15,130,182 5,009,394 76,760,207 3,674,091 4,524,809 66,224,012 171,322,695
Vacancy Direct Total Square Square Footage Footage 952,348 952,348 1,081,203 1,162,203 8,463,590 8,691,240 772,323 772,323 376,485 376,485 6,481,839 6,619,639 18,127,788 18,574,238
Vacancy 6.3% 23.2% 11.3% 21.0% 8.3% 10.0% 10.8%
Year-toDate Net Absorption 288,880 (176,400) 4,463 78,160 93,399 162,437 450,939
Year-toUnder Date Construction Deliveries Square Footage 0 16,371 0 0 23,728 77,089 0 0 0 50,000 0 0 23,728 143,460
Quoted Rates $2.24 $2.21 $3.27 $2.48 $2.24 $2.83 $2.89
Source: The CoStar Industrial Report, Grubb & Ellis
A Development of:
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
R e a l E s TATE
PARKSHORE CENTRE
Energy Star® rated and LEED® certified Green buildings increase occupant productivity up to 16%.
LEASING CONTACT: John Durlach 843.723.2848 Additional Green Projects:
Government
12
12 2011 Market Facts | www.charlestonbusines s.com
25 Calhoun One Poston Road, Charleston
DURLACH.COM
R e a l E s TATE
Vacancy Rate
Residential & Commercial
12%
Sales & Maintenance
10%
24/7 Service
14%
8%
4% 2% 3Q ’09
1Q ’10
3Q ’10
1Q ’11
Absorption Rate (In thousands of square feet)
No Interest! Or $1,500 Cash Back!
1,000
Employment & Economic development
0% 1Q ’09
Months
Demographics
6%
36
Financial Services
16%
Real Estate
Charleston Region Industrial Report
750 Education
500 250
Import/export & distribution
0 -250 -500 -750 1Q ’10
3Q ’10
1Q ’11
Hospitality & Tourism
-1,000 3Q ’09
Asking Rental Rates ($/SF/Year/Triple Net) $9
Medical & Health Care
$8 $7 $6
CHARLESTON
$4 $3
3Q ’09
-General Industrial
1Q ’10 - R&D/Flex
3Q ’10
1Q ’11
- Warehouse/Distribution
HEATING & AIR 216-9966
www.charlestonheatingandair.com
31
Government
$2 1Q ’09
Business Resources
$5
Source: Grubb & Ellis WRS
www.charlestonbusiness.com | 2011 Market Facts
13
Real Estate
R e a l E s TATE
Industrial Buildings Ranked by Available Square Footage
Available Square Feet
Clear Height (in feet)
Dock-Height Truck Doors
Wall Type
Year Built
Broker Name/ Broker Phone
2550 W. Fifth North St. Summerville, SC 29483
390,000
20
17
Metal
1977
Re/Max Pro Realty 843-576-2705
300 Eagle Road Goose Creek, SC 29445
284,750
20-30
22
Block
1973
CB Richard Ellis Carmody 843-577-0702
1980 Technology Drive Charleston, SC 29492
253,500
30
69
Tilt-up concrete, insulated
2007
CB Richard Ellis Carmody 843-577-0702
1 Belt Drive Moncks Corner, SC 29461
240,000
13.5
4
Insulated metal/block
1950
CB Richard Ellis Carmody 843-577-0702
0 Truxton Ave. North Charleston, SC 29405
220,000
45
1
Concrete
1935-1938
Carolina Commercial LLC 843-805-6060
1124 Newton Way Summerville, SC 29483
219,960
32
56
Tilt-up
2007
Johnson Development Associates Inc. 843-853-0105
7555 Palmetto Commerce Parkway Ladson, SC 29456
212,009
24
25
Metal
1989
Maybank Properties 843-740-9200
2550 U.S. Highway 52 Moncks Corner, SC 29461
201,585
25-35
3
Metal
1979
Palmetto Commercial Properties Inc. 843-577-2550
5801 N. Rhett Ave. Extension Hanahan, SC 29406
200,000
24-28
36
Pre-cast concrete
1980
Colliers International 843-723-1202
2725 W. 5th North St. Summerville, SC 29483
200,000
20
18
Metal
1978
NAI Avant 843-720-4944
4500 Goer Drive North Charleston, SC 29406
163,000
18
4
Metal/block
1965
Grubb & Ellis WRS 843-725-7200
3191 Ashley Phosphate Road North Charleston, SC 29420
155,719
21
11
Concrete panels
1978
CB Richard Ellis Carmody 843-577-0702
211 Farmington Road Summerville, SC 29483
131,535
15.5-22
14
Metal/block
1979, 1986, 1990
CB Richard Ellis Carmody 843-577-0702
7405 Magi Road Hanahan, SC 29410
130,000
32
25
Tilt-up
2008
Colliers International 843-723-1202
2650 Carner Ave. North Charleston, SC 29405
127,000
15
4
Block
1965
Carolina Commercial LLC 843-805-6060
1930 Hanahan Road North Charleston, SC 29406
124,000
14-18
3+
Metal
1980
Palmetto Commercial Properties Inc. 843-577-2550
326 Deming Way Summerville, SC 29483
110,000
20
8
Metal
1998
Grubb & Ellis WRS 843-725-7200
164 Spring Grove Drive Moncks Corner, SC 29461
103,050
20
11
Insulated metal
1981
Patillo Industrial Real Estate 904-695-2452
3290 Benchmark Drive Ladson, SC 29456
100,000
22
14
Insulated metal
2000
Holcombe Fair & Lane 843-722-2642
4100 Carolina Commerce Parkway North Charleston, SC 29456
75,000
24
7
Metal
2001
Anchor Commercial 843-747-1200
2345 Charleston Regional Parkway Charleston, SC 29492
70,000
24
26
Tilt-up
2007
Childress Klein Properties 843-971-6959
420 Industrial Road Summerville, SC 29483
63,000
24
4
Metal
2000
CB Richard Ellis Carmody 843-577-0702
6331 Fain Blvd. North Charleston, SC 29406
52,227
20-26
20
Metal
1972
NAI Avant 843-720-4944
909 Commerce Circle Hanahan, SC 29406
51,253
16
12
Concrete
1974
Carr Properties LLC 843-793-2436
6555 Fain Blvd. North Charleston, SC 29406
51,000
16-22
7
Metal
1972
Colliers International 843-723-1202
2325 Charleston Regional Parkway Charleston, SC 29492
50,000
16
1
Tilt-up
2006
Anchor Commercial 843-747-1200
2490 W. Fifth North St. Summerville, SC 29483
50,000
24
0
Concrete
1998
Anchor Commercial 843-747-1200
2155 Durant Ave. North Charleston, SC 29405
50,000
20
2
Metal
1975
Palmetto Commercial Properties 843-577-2550
4567 A-B Piggly Wiggly Drive North Charleston, SC 29405
46,732
20
6
Metal
1960
NAI Avant 843-720-4944
1025-B Legrand Blvd. Charleston, SC 29492
45,000
26-32
4
Pre-cast concrete
1995
NAI Avant 843-720-4944
212 Industrial Road Summerville, SC 29483
44,000
21
1
Metal
1980
CB Richard Ellis Carmody 843-577-0702
900-B Commerce Circle Hanahan, SC 29406
40,000
21
36
Metal
1965
Grubb & Ellis WRS 843-725-7200
4280 Pace St. North Charleston, SC 29405
33,935
24
2
Metal
1967
Shoreline International 843-416-1099
1026 Legrand Blvd. Charleston, SC 29492
32,000
24
7
Concrete
1995
CB Richard Ellis Carmody 843-577-0702
7381 E. Spartan Blvd. North Charleston, SC 29418
32,000
20
2
Metal
1970
NAI Avant 843-720-4944
2821 Azalea Drive North Charleston, SC 29405
30,500
33
4
Metal
1975
NAI Avant 843-720-4944
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Address
Government
14
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 Clayton Wynne at 843-849-3114 or update online at www.charlestonbusiness.com/update_lists/.
Source: Colliers International. All listings are subject to change based on availability.
14 2011 Market Facts | www.charlestonbusines s.com
Researched by Clayton Wynne
Retail Trends Report – First Quarter 2011 By Submarket Downtown Charleston East Cooper Goose Creek Moncks Corner North Charleston Summerville West Ashley West Islands Totals By Property Type Community Free-standing Neighborhood Outlet Regional Specialty/Theme Strip Super-regional Urban Retail Totals
Inventory Square Footage 473,652 3,436,152 931,333 419,614 5,845,720 2,724,888 4,447,920 1,341,667 19,620,946
Vacant Square Footage 26,028 327,801 43,231 N/A 726,471 250,866 268,157 194,482 1,837,036
Vacancy Rate 5.50% 9.50% 4.60% N/A 12.40% 9.20% 6.00% 14.50% 9.40%
Net absorption Current Year-to-Date 1,783 1,783 -227 -227 3,189 3,189 N/A N/A 26,279 26,279 -1,281 -1,281 34,236 34,236 1,833 1,833 65,792 65,792
Asking Rent N/A $17.38 $12.13 N/A $13.23 $19.93 $11.46 $8.85 $14.12
2,985,714 3,509,306 6,983,958 396,717 1,253,280 587,643 1,591,744 1,971,569 341,015 19,620,946
473,885 N/A 1,059,086 N/A 65,030 40,569 149,504 22,934 26,028 1,837,036
15.90% N/A 15.20% N/A 5.20% 6.90% 9.40% 1.20% 7.60% 9.40%
-4,733 N/A 10,125 12,633 10,230 -1,259 37,033 N/A 1,763 65,792
$10.48 N/A $14.12 N/A $15.96 $32.23 $15.71 $14.26 $23.53 $14.26
Source: Grubb & Ellis WRS; N/A=Information not available
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
R e a l E s TATE
Government
16
16 2011 Market Facts | www.charlestonbusines s.com
-4,733 N/A 10,125 12,633 10,230 -1,259 37,033 N/A 1,763 65,792
R e a l E s TATE Real Estate
Retail Trends Report - Charleston Region Vacancy Rate
Year-to-date Absorption (in thousands of square feet)
– Charleston Business District
– Combined
200
8%
100
6%
0
4%
-100
2%
-200
Third Quarter 2010
First Quarter 2011
-300 First Quarter 2010
Third Quarter 2010
Education
0 First Quarter 2010
Employment & Economic development
10%
Demographics
300
Financial Services
12%
First Quarter 2011
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Hospitality & Tourism
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Robin Bedenbaugh
$ 9DOXH 'ULYHQ &RPSDQ\
Import/export & distribution
Source: Grubb & Ellis WRS
TRANSPORTATION SOLID WASTE MANAGEMENT ENVIRONMENTAL
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MANAGEMENT CONSULTING ARCHITECTURE FEDERAL CONSTRUCTION MANAGEMENT
South Carolina Offices: 3955 Faber Place Drive Suite 300 N. Charleston, SC 29405 (843) 414-3700
157 E Main Street Suite 400 Rock Hill, SC 29730-4563 Phone: (803) 909-2200
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www.charlestonbusiness.com | 2011 Market Facts
71
Government
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Business Resources
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Vince Streano
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Medical & Health Care
WATER & WASTEWATER
17
Year-end Retail Market Report – 2010
Demographics
Financial Services
Real Estate
R e a l E s TATE
Employment & Economic development
on t s e l r Cha a Are
Asking
Askin
Education Import/export & distribution
$12.3R6ate
$14.g3R9ate
Source: Grubb & Ellis WRS
Hospitality & Tourism Medical & Health Care
Availa Footage
are Fo u q S e l b Availa
Recent representations include: Stanley, Inc. in the lease renewal of 151,602 SF at 2410 Magi Drive, Hanahan, SC John Coppedge Charleston
John Tison Charleston
Ed Kercher Charleston
Rockefeller Group/MWV in the sale of their 1.1 Million SF Distribution Center located in Charleston, SC General Supply Services/ GEXPRO in the lease renewal of 70,244 SF at 201 Forrester Drive, Mauldin, SC
Phillip Owens Charleston
Andy Parker Charleston
Business Resources Government
2,976ble,2Sq0ua2re
1,839,474otage
Mark Erickson Charleston
18
Columbia Area
CGM SC, LLC in the lease of 102,143 SF at 5801 North Rhett Ave, Hanahan, SC OOCL (USA), Inc. in a lease of 9,866 SF at 4000 Faber Centre Liberty Property Trust in a lease of their 197,200 SF Parkway East building in Greenville, SC
Ryan Weatherly Charleston
Marcus Cornelius Greenville
One Unity Alley, Suite 310 Charleston , SC 29401 843-724-0100
Todd Younghans Greenville
www.coppedgetison.com
75 Beattie Place, Suite 905 Greenville, SC 29601 864-370-8190
Cushman & Wakefield provides global real estate solutions with 200 offices in 60 countries.
18 2011 Market Facts | www.charlestonbusines s.com
Greenv ille Area
5,881,06
Availab le S
3
quare F ootage
$9.93
Asking
Rate
R e a l E s TATE Real Estate Education Import/export & distribution
Source: RealtyTrac
Employment & Economic development
Jan. 1, 2009 - Dec. 31, 2009 Jan. 1, 2008 - Dec. 31, 2008 No. of % of All Avg. Sales Avg. No. of % of All Avg. Sales Avg. Sales Sales Price Discount % Sales Sales Price Discount % 444 20.57 $132,063 29.41 249 10.43 $131,609 34.33 763 15.52 $231,653 21.08 410 7.29 $207,553 33.74 499 20.12 $135,892 23.72 254 8.67 $138,683 28.29 568 15.05 $99,890 35.61 559 12.43 $100,995 37.09 63 17.75 $52,615 46.57 69 17.21 $52,228 42.67 132 25.78 $71,135 37.54 134 20.52 $77,033 31.66 915 17.17 $99,738 37.48 789 13.43 $95,237 41.10 209 15.46 $81,511 36.72 159 10.30 $77,878 40.12 393 19.04 $81,204 32.06 518 21.10 $82,291 35.33 1,359 19.80 $103,375 34.18 1,283 15.32 $103,551 37.99 596 16.62 $82,034 30.51 702 16.25 $81,736 34.70 9,450 16.06 $129,696 27.09 7,129 10.25 $115,176 39.05 28.64 $170,775 27.14 964,305 22.94 $200,708 22.14
Demographics
Jan. 1, 2010 - Dec. 31, 2010 No. of % of All Avg. Sales Avg. County Sales Sales Price Discount % Berkeley 474 26.93 $170,292 12.49 Charleston 1,029 20.68 $246,050 24.19 Dorchester 442 22.36 $131,304 24.70 Lexington 478 15.47 $108,988 32.92 Newberry 49 29.34 $55,491 18.47 Orangeburg 110 25.17 $64,795 40.74 Richland 595 17.53 $104,891 33.84 Sumter 202 17.77 $99,868 24.17 Anderson 339 18.78 $92,946 18.44 Greenville 1,058 18.26 $114,909 29.22 Spartanburg 559 17.10 $88,934 24.09 South Carolina 8,496 18.09 $145,307 21.45 U.S. Total 831,574 25.96 $172,030 28.13
Financial Services
Foreclosures – Regional Comparison 2008-2010
Hospitality & Tourism
Contractor of the Year
Medical & Health Care
AWARDED 5 TIMES
Charleston Chapter, American Subcontractors Association of the Carolinas
Business Resources
91
Government
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www.charlestonbusiness.com | 2011 Market Facts
19
Financial Services
Real Estate
R e a l E s TATE
*3,(5 .9,,5
Charleston Region Office Trends Report Vacancy Rate
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30%
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Employment & Economic development
Demographics
15% *LY[PÄLK .V]LYUVY»Z 4PUVYP[` 6^ULK )\ZPULZZ
10%
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0% 1Q ’09
3Q ’09
– Surburban
1Q ’10 - Combined
3Q ’10
1Q ’11
– Charleston Business District
Absorption Rate (In thousands of square feet)
Import/export & distribution
Education
400 350 300 *HSS <Z =PZP[ <Z ^^^ X[QZLY]PJL JVT
250 200 150
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100 50 0
Business Resources
Medical & Health Care
Hospitality & Tourism
-50
Government
20
-100 1Q ’09
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20 2011 Market Facts | www.charlestonbusines s.com
3Q ’09
1Q ’10
3Q ’10
1Q ’11
Asking Rental Rates ($/SF/Year/Full Service) $32 $30 $28 $26 $24 $22 $20 $18 $16 1Q ’09
3Q ’09 - Class A
Source: Grubb & Ellis WRS
1Q ’10
3Q ’10 - Class B
1Q ’11
R e a l E s TATE
Education
Source: Real Data, Charleston Apartment Index 2011, www.aptindex.com
Employment & Economic development
*Largest Floor plans, Highest Monthly Rent and Highest Rent per Square foot are based on twobedroom unit averages.
Demographics
Charleston Submarket Highlights Highest Occupancy:.................................................................................. James Island Largest Floor Plans*: ................................................................................ James Island Highest Monthly Rent*: .........................................................................Mount Pleasant Highest Rent per Square Foot*: .............................................................Mount Pleasant Strongest Demand: ................................................................................... Goose Creek Most Development: ................................................................................... Summerville  Apartment Community Highlights Largest Community: ....................................................................................Castlewood Largest Floor Plans*: .................................................................................. Haddon Hall Highest Monthly Rent*: ....................................................Greystar Daniel Island Village Highest Rent per Square Foot*: ........................................................... Sergeant Jasper Largest Management Company: .................. Asset Management & Consulting Services Largest Ownership Group: ....................................................... Colonial Properties Trust
Financial Services
The occupancy rate for the Charleston apartment market has hovered around 90% over the past year. There has been a steady demand for apartments as troubled conditions remain for home sales. Development for the area remains limited as the majority of developers with proposed communities wait for improved market conditions before proceeding with construction. The average rental rate has increased and is now $777 per month. Occupancy rates and rent growth should show strong gains over the next two years. Occupancies could reach 97% and rents could increase by 3% by 2013.
Real Estate
Charleston Apartment Market
Import/export & distribution Hospitality & Tourism Medical & Health Care Business Resources Government
12
www.charlestonbusiness.com | 2011 Market Facts
21
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
Financial Services
Financial Services
S
even S.C. banks failed in the past two years, including one Charleston-based bank. Several others are still struggling as the toll of the real estate industry collapse continues to pull at balance sheets and quarterly earnings. Consolidation and rebranding have helped create a sense of stability among some of the larger banks that have taken over other weaker institutions in the state. First Federal, the largest Charleston-based bank, continues to hold a sizable market share in the region, at 15.76%, just behind the largest deposit holder, Wells Fargo. The recent years of frozen credit markets have given way to some loosening for small businesses with strong track records and with plans for growth that combine stability with assets. Homeowners hoping to refinance are finding bankers willing to listen, but many hoping to take advantage of lower interest rates are finding themselves underwater because they bought at the height of the market. Health insurance reform continues to raise questions for companies, who are trying to comply with the federal law’s rolling changes while maintaining a stable financial footing for their businesses. The stock market, which decimated many retirement plans and 401(k) programs for workers getting close to retirement has returned some of its value for younger workers, but the debate over the federal debt and the residual impact on the stock market gave publicly traded companies and those invested in stocks and bonds a quick reminder of how fast the market can fall.
This section is sponsored by:
Government
22
22 2011 Market Facts | www.charlestonbusines s.com
Consumer Price Index.................. 24 Number of Accountants in South Carolina, by Type............ 24 Deposit Market Share Report Offices and Deposits of all FDIC-Insured Institutions – Charleston Metro Area................. 24 SBA-Guaranteed Loans – South Carolina............................. 26 SBA-Guaranteed Loans – Charleston Region....................... 26 Gross Retail Sales........................ 27
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Real Estate
Financial Services
Charleston Metro Area Consumer Price Index
Number and Types of Accountants in South Carolina
The Consumer Price Index is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Fiscal year that ended June 30, 2011
Financial Services
– CPI with food and energy
279
Accounting Firms Out-of-State Registration
– Core CPI (not including food or energy)
14
Public Accountants
1,159
4.0%
Accounting Firms In-State Registration
3.5%
106
Accounting Practitioners
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Government
24
Annual Inflation Rate
Demographics
3.0% 2.5% 2.0% 1.5%
Because of the high volatility of food and energy prices, as seen here, we also show the core CPI, which shows a more gradual trend.
1.0% 0.5%
5,488
Certified Public Accountants
0.0% 2001
2002
2003
2004
2005
2006
2007
2008
2009
Source: U.S. Bureau of Labor Statistics
2010
Source: U.S. Bureau of Labor Statistics
Deposit Market Share Report (as of June 30, 2010) Outside of Market
Bank Wells Fargo Bank First Federal Bank of America Synovous Bank First Citizens Branch Banking & Trust Co. Community First Bank South Coast Community Bank Tidelands Bank TD Bank (Carolina First Bank) Bank of South Carolina SCBT National Association Harbor National Bank SunTrust Bank First Citizens (Atlantic Bank & Trust) Regions Bank Farmers & Merchants Bank of S.C. First National Bank of S.C. First Reliance Bank Ameris Bank Number of Institutions in the Market: 25
State Bank (HQ) Class SD N SC SA NC GA SC NC SC SC SC SC SC SC SC GA SC AL SC SC SC GA
N NM NM NM NM NM NM NM NM N N SM SA SM NM N NM NM
Bank Charter Classes: N: National Bank SM: Federal Reserve Member NM: Federal Reserve Nonmember SA: Savings Association Source: FDIC Summary of deposits for Charleston MSA
24 2011 Market Facts | www.charlestonbusines s.com
Inside of Market
State/Federal Charter Federal Federal
No. of Offices 6,556 37
Deposits ($000) 716,798,443 957,292
No. of Offices 26 28
Deposits ($000) 2,443,557 1,545,037
Regional Market Share 24.92% 15.76%
Federal State State State State State State State State Federal Federal State Federal State State Federal State State Totals
6,019 315 168 1779 0 0 3 169 0 70 0 1,711 2 1,768 5 2 4 52 15,609
827,872,998 25,436,764 6,695,278 103,018,907 0 0 166,563 9,155,618 0 2,813,208 0 118,643,077 99,087 95,663,839 106,491 43,628 441,892 2,021,162 1,559,267,747
19 10 21 12 6 11 4 7 4 7 3 13 1 6 3 6 2 4 141
1,055,321 698,728 566,727 441,148 415,145 352,249 340,504 278,846 233,829 200,737 194,281 165,462 132,195 130,868 93,112 81,305 66,874 65,390 7,693,895
10.76% 7.30% 5.78% 4.50% 4.23% 3.59% 3.47% 2.84% 2.38% 2.05% 1.98% 1.69% 1.35% 1.33% 0.95% 0.83% 0.68% 0.67% 100.00%
Business Services
Free Online Business Banking South Carolina Federal Credit Union online business banking is in step with your business needs. Compare us to the competition, save money and improve your cash flow. South Carolina Federal’s business checking, business service officers and cash management specialists are all dedicated to help your bottom line. Cash Management Service
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Financial Services
Real Estate
Financial Services
Loans Guaranteed by the U.S. Small Business Administration in S.C. $190M
Loans sharply increased since 2009, reaching $188 million by the end of 2010.
$180M $170M
Demographics Employment & Economic development
Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. Total
As the recession was at its peak, banks became more stringent in lending money, causing SBA loans to plummet from 2008 to 2009.
$160M $150M $140M $130M $120M
# of loans 5 3 3 3 9 3 10 14 12 4 6 5 77
2009 2010 2011 $ amount of # of $ amount of # of $ amount of loans loans loans loans loans $1,602,500 6 $2,195,000 2 $224,900 $696,000 7 $2,325,800 0 $0 $1,365,000 8 $2,553,000 9 $5,731,600 $385,000 3 $1,448,500 16 $3,164,500 $2,792,000 3 $1,442,700 4 $699,000 $585,000 1 $5,000 3 $1,820,000 $638,000 9 $425,600 $767,500 7 $220,000 $3,292,000 7 $2,291,000 $1,465,500 3 $2,042,500 $1,145,600 4 $2,019,000 $1,047,000 14 $7,942,400 $15,781,100 72 $24,910,500 34 $11,640,000
Source: U.S. Small Business Administration, S.C. District Office
$110M $100M 2007
2008
2009
2010
Source: Small Business Administration
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Loans Guaranteed by the U.S. Small Business Administration – Charleston Region
Government
26
26 2011 Market Facts | www.charlestonbusines s.com
Financial Services Real Estate
Gross Retail Sales by County – Berkeley County
– Charleston County
– Dorchester County
$13M
$12.8M Financial Services
$12M Charleston County’s retail sales dropped 14.6% from 2007 to 2009.
$11M $10M $9M
Demographics
$8M $7M $6M $5M
$4.3M
$4M $3M $2M
Employment & Economic development
By the end of 2010, sales in Berkeley and Dorchester counties had exceeded pre-recession numbers.
$1.7M
0 2003
2004
2005
2006
2007
2008
2009
2010
Import/export & distribution
Source: Charleston Metro Chamber of Commerce, Center for Business Research, S.C. Department of Revenue
Education
$1M
Hospitality & Tourism Medical & Health Care Business Resources Government
72
www.charlestonbusiness.com | 2011 Market Facts
27
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
Demographics
Demographics
C
ensus data from 2010 show increases in population across the Lowcountry. With a 41.6% growth rate, Dorchester County was the fastest-growing county in the state. Berkeley and Charleston counties followed with 24.7% and 13%, according to the latest population figures. Columbia remains the largest city in South Carolina, with a population of more than 120,000, and Charleston, North Charleston and Mount Pleasant follow in population. At more than 43,000 people, Summerville is the largest city in the tri-county area outside of Charleston County, and it is the seventh-largest in the entire state by population. The cost of living remains relatively higher in the Charleston-North Charleston metropolitan statistical area than in much of the Southeast, with several household expenses costing more than in places such as Atlanta. And average salaries are considerably lower in the Charleston-North Charleston region. The U.S. Bureau of Labor Statistics said workers, on average, earn $7,000 more a year in Atlanta than in the Charleston region. The Charleston region’s overall cost of living score, at 98.2, is lower than Columbia’s, which beats the national average at 100.3. Charleston surpasses the national benchmark in some categories, though, such as groceries, health care and miscellaneous goods. The Lowcountry continues to be a draw for people from other states. Census Bureau data show that a majority of the residents of the tri-county region were born in other states.
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Counties at a Glance.................... 30 Charleston Region Population Growth Trends............ 30 Largest S.C. Municipalities........... 30 Population by Age Group in the Charleston Region.............. 30 Annual Average Price Report – State Comparison........................ 31 Annual Average Price Report – Regional Comparison................... 31 Cost of Living Comparison........... 31 Commuting to Work..................... 32 Most-populous Areas – 2000 Compared with 2010.......... 32 Occupational Employment and Wage Estimates.................... 33 Place of Birth............................... 33 Language Spoken at Home.......... 33
Counties at a Glance
Demographics
Financial Services Employment & Economic development
Dorchester County
Total area (land & water)...... 1,229 square miles Population (2010).................................177,843 Population growth rate (2010)..................24.7% Total households (2009)..........................56,203 Civilian labor force (June 2011).............. 83,542 Unemployment rate (June 2011)..............10.6% Median household income (2009).........$46,609 Gross retail sales (2010)...................$4.2 billion County seat................................Moncks Corner Form of government............. Council/Supervisor
Geographic Area
Charleston County
Sumter......................................... 40,524
Total area (land & water)...... 1,357 square miles Population (2010).................................350,209 Population growth rate (2010).....................13% Total households (2009)........................139,754 Civilian labor force (June 2011)............ 181,289 Unemployment rate (June (2009)...............9.6% Median household income (2009).........$46,145 Gross retail sales (2010).................$12.8 billion County seat.......................................Charleston Form of government.........Council/Administrator
Florence....................................... 37,056
Charleston.................................. 120,083 North Charleston........................... 97,471 Mount Pleasant............................. 67,843 Rock Hill....................................... 66,154 Greenville..................................... 58,409 Summerville................................. 43,392 Hilton Head Island......................... 37,099 Spartanburg.................................. 37,013 Goose Creek ................................ 35,938 Aiken ........................................... 29,524 Myrtle Beach ............................... 27,109 Anderson ..................................... 26,686 Greer ........................................... 25,515 Greenwood .................................. 23,222
Source: U.S. Census Bureau; U.S. Department of Labor; Charleston Metro Chamber of Commerce, Center for Business Research; S.C. Department of Revenue
North Augusta .............................. 21,348 Easley .......................................... 19,993 Source: U.S. Census Bureau, 2010
– 1980 Census
– 1990 Census
– 2000 Census
– 2010 Census
375,000 350,000
13.0%
325,000
Growth
300,000
Population by Age Group in the Charleston Region
275,000 250,000 225,000 200,000 175,000
24.7% Growth
41.6%
125,000
Growth
100,000 75,000
25,000 0
Berkeley County
Charleston County
Source: U.S. Census Bureau
30 2011 Market Facts | www.charlestonbusines s.com
Dorchester County
Age Range 5 to 14 15 to 19 20 to 24 25 to 34 35 to 44 45 to 54 55-59 60 to 64 65 to 74 75 and older Median Age
Dorchester County
Government
Columbia.................................... 129,272
Mauldin ....................................... 22,889
50,000
30
2010 Population
Charleston Region Population Growth Trends
150,000 Business Resources
Largest S.C. Cities
Charleston County
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Total area (land & water)......... 576 square miles Population (2010).................................136,555 Population growth rate (2010)..................41.6% Total households (2009)..........................42,675 Civilian labor force (June 2011).............. 65,975 Unemployment rate (June 2011)................9.4% Median household income (2009).........$52,443 Gross retail sales (2010)...................$1.7 billion County seat....................................... St. George Form of government.........Council/Administrator
Berkeley County
Berkeley County
Real Estate
Demographics
13.9% 8% 7.9% 14% 14.7% 14.3% 5.6% 4.9% 5.7% 3.7% 34.3
11.2% 6.8% 8.1% 17.2% 12.8% 13.5% 5.9% 5.1% 6.4% 5.9% 34.9
15.0% 7.6% 6.3% 13.2% 15.9% 14.5% 5.5% 5% 5.7% 4.1% 35.5
Source: U.S. Census Bureau, 2009 American Community Survey
Demographics
Dozen Eggs 1.16 1.50 1.51
Bread 1.29 1.37 1.38
3.04
2.28
1.51
1.72
3.42
5.31
3.00 1.85 2.86 3.17 3.07
2.39 2.08 2.63 2.14 2.08
1.47 1.25 1.49 1.62 1.47
1.55 1.20 1.43 1.50 1.68
3.46 3.00 3.28 3.51 3.58
4.78 4.86 4.55 4.69 4.98
Coffee Cascade 3.49 4.70 3.29 4.54 3.41 4.86
2.18 2.25
1.52 1.49
1.43 1.46
3.69 3.45
5.23 5.06
3.04
2.28
1.51
1.72
3.42
5.31
2.78 2.97 3.27 3.03 2.81
2.21 2.29 2.06 2.37 2.27
1.32 1.44 1.68 1.49 1.40
1.73 1.49 1.50 1.49 1.55
3.47 3.4 3.84 3.53 3.55
4.80 5.25 5.41 4.94 4.81
99.3 93.5
103.1 87.8
100.3 100.3
98.2
105.7
92.3
96.8
93.9
104.2
101.5
93.2 100.3 90.3 92.9 89.4 97.7 98.1 104.4
97.1 105.2 102.7 102.8 91.4 97.8 104.2 103.6
79.3 82.0 72.7 79.8 81.8 85.2 88.6 102.9
91.4 109.2 90.3 92.1 95.3 108.8 105.8 114.1
95.7 102.0 97.1 103.6 84.3 101.8 96.7 100.8
110.1 106.0 98.0 94.3 88.2 95.4 100.8 112.4
101.4 110.6 97.7 97.3 95.1 104.5 101.8 103.1
Misc. Goods and Services
86.5 105.9
Composite Index
90.5 73.0
Note: An index value of 100 represents the U.S. average. Source: ACCRA Cost of Living Index 2010
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Medical & Health Care
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Hospitality & Tourism
Partnering With Our Community
Import/export & distribution
Source: Council for Community and Economic Research’s ACCRA Cost of Living Index 2010
Health Care
3.23 3.51
Coffee Cascade 3.54 5.01
Transportation
Bread 1.31
Utilities
Dozen Eggs 1.39
Housing
Half-Gallon Milk 2.37
96.1 93.5
Education
Beaufort Camden CharlestonNorth Charleston Columbia Greenville Hilton Head Island Myrtle Beach Sumter
Ground Beef 2.76
95.5 90.8
Employment & Economic development
Region Anderson
Metro Area Atlanta Birmingham, Ala. CharlestonNorth Charleston Charlotte Columbia Greenville Jacksonville, Fla. Knoxville, Tenn. Orlando, Fla. Raleigh, N.C. Richmond, Va.
Grocery Items
2010 Annual Average Price Report – Regional Comparison
Cost of Living Comparison
Demographics
Half-Gallon Milk 1.75 2.14 2.19
Financial Services
Metro Area Atlanta Birmingham, Ala. Charlotte CharlestonNorth Charleston Jacksonville, Fla. Knoxville, Tenn. Orlando, Fla. Raleigh, N.C. Richmond, Va.
Ground Beef 2.44 2.29 2.59
Real Estate
2010 Annual Average Price Report – State Comparison
Government
13
www.charlestonbusiness.com | 2011 Market Facts
31
Financial Services
Real Estate
Demographics
Commuter Carbon Footprint An average of 92.3% of the population in Berkeley, Charleston and Dorchester counties drive a car, truck or van to work each day, according to the U.S. Census Bureau’s American Community Survey. Transolutions.org says that based on an average commute distance of 30 miles round-trip, about 1 pound of CO2 is produced for each mile traveled. So, by opting to walk, bike or take public transportation to work just once a week, more than 1,500 pounds of CO2 per year can be prevented from being released into the atmosphere.
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Percentage of population driving a car, truck or van to work by county, 2008
Berkeley
92.9
Charleston
89.0
Dorchester
95.1
S.C.
92.0
U.S. Average 86.2 85
86
87
88
89
90
91
92
93
94
95
Percentage of population taking public transportation, walking or riding a bike to work, 2008
1.2
Berkeley
1.5
Charleston 0.5
Dorchester
2.7
S.C. U.S. Average
8.3 0
1
Commuting to Work Workers 16 years and older Car, truck or van – drove alone Car, truck or van – carpooled Public transportation (excluding taxicab) Walked Other means Worked at home
2
3
5
6
7
8
9
Berkeley County 77,089 63,372 7,728
Charleston County 168,296 134,152 16,429
Dorchester South County Carolina 56,617 1,955,010 47,071 1,588,576 6,146 214,621
472
2,795
146
13,403
2,254 856 2,407
4,759 4,092 6,069
587 579 2,088
36,307 31,499 70,604
Source: U.S. Census Bureau, American Community Survey
Most Populous Counties and Incorporated Places in South Carolina, 2000 and 2010 Population Rank Population Population Change Percent 2010 2000 Geographic area 2000 2010 Number Change COUNTIES 1.........1..................Greenville............................. 379,616........ 451,225...... 71,609..........18.9 2.........2..................Richland............................... 320,677........ 384,504...... 63,827..........19.9 3.........3..................Charleston........................... 309,969........ 350,209...... 40,240..........13.0 4.........4..................Spartanburg.......................... 253,791........ 284,307...... 30,516..........12.0 5.........6..................Horry..................................... 196,629........ 269,291...... 72,662..........37.0 6.........5..................Lexington.............................. 216,014........ 262,391...... 46,377..........21.5 7.........8..................York....................................... 164,614........ 226,073...... 61,459..........37.3 8.........7..................Anderson............................... 165,740........ 187,126...... 21,386..........12.9 9.........9..................Berkeley............................... 142,651........ 177,843...... 35,192..........24.7 10.......12................Beaufort................................ 120,937........ 162,233...... 41,296..........34.1 11.......10................Aiken..................................... 142,552........ 160,099...... 17,547..........12.3 12.......11................Florence................................ 125,761........ 136,885...... 11,124............8.8 13.......15................Dorchester............................. 96,413........ 136,555...... 40,142..........41.6 14.......13................Pickens................................. 110,757........ 119,224........ 8,467............7.6 15.......14................Sumter.................................. 104,646........ 107,456........ 2,810............2.7 16.......16................Orangeburg............................. 91,582.......... 92,501........... 919............1.0 17.......21................Lancaster................................ 61,351.......... 76,652...... 15,301..........24.9 18.......20................Oconee.................................... 66,215.......... 74,273........ 8,058..........12.2 19.......19................Greenwood.............................. 66,271.......... 69,661........ 3,390............5.1 20.......18................Darlington................................ 67,394.......... 68,681........ 1,287............1.9 INCORPORATED PLACES 1.........1..................Columbia............................... 116,278........ 129,272...... 12,994..........11.2 2.........2..................Charleston............................. 96,650........ 120,083...... 23,433..........24.2 3.........3..................North Charleston................... 79,641.......... 97,471...... 17,830..........22.4 4.........6..................Mount Pleasant...................... 47,609.......... 67,843...... 20,234..........42.5 5.........5..................Rock Hill.................................. 49,765.......... 66,154...... 16,389..........32.9 6.........4..................Greenville................................ 56,002.......... 58,409........ 2,407............4.3 7.........12................Summerville........................... 27,752.......... 43,392...... 15,640..........56.4 8.........8..................Sumter.................................... 39,643.......... 40,524.......... 881............2.2 9.........9..................Hilton Head Island.................... 33,862.......... 37,099........ 3,237............9.6 10.......10................Florence..................................30,248.......... 37,056........ 6,808..........22.5 11.......7..................Spartanburg............................ 39,673.......... 37,013........ -2,660.......... -6.7 12.......11................Goose Creek........................... 29,208.......... 35,938........ 6,730..........23.0 13.......14................Aiken....................................... 25,337.......... 29,524........ 4,187..........16.5 14.......15................Myrtle Beach........................... 22,759.......... 27,109........ 4,350..........19.1 15.......13................Anderson................................. 25,514.......... 26,686........ 1,172............4.6 16.......19................Greer....................................... 16,843.......... 25,515........ 8,672..........51.5 17.......16................Greenwood.............................. 22,071.......... 23,222........ 1,151............5.2 18.......20................Mauldin................................... 15,224.......... 22,889........ 7,665..........50.3 19.......18................North Augusta.......................... 17,574.......... 21,348........ 3,774..........21.5 20.......17................Easley..................................... 17,754.......... 19,993........ 2,239..........12.6 South Carolina.................... 4,012,012......4,625,364.... 613,352..........15.3 Source: U.S. Census Bureau, 2010 Census
Summerville was one of the fastest-growing areas in the region, with a 56.4% increase in its population from 2000 to 2010. Spartanburg, meanwhile, was the only incorporated area to show a decrease in population from 2000 to 2010. This graphic was originally featured in the 2011 Regional Economic Scorecard, produced by the Charleston Regional Development Alliance. To view the full report, scan the QR code to the left or go to: tinyurl.com/3pvfggr
Business Resources
Mean Travel Time to Work U.S. Average: 25.1 Minutes
Knoxville, Tenn.
Government
32
Lexington, Ky. Source: U.S. Census Bureau, American Community Survey
21 Minutes
32 2011 Market Facts | www.charlestonbusines s.com
Savannah
Greenville
22 Minutes
23 Minutes
Charleston
Richmond, Va.
Raleigh, N.C.
Austin, Texas
24 Minutes
25 Minutes
Jacksonville, Fla.
Demographics
Employment
Mean Annual Salary
$45,000
1,800,000
$44,000
1,600,000
$43,000
1,400,000
$42,000
1,200,000
$41,000
1,000,000
$40,000
800,000
$39,000
600,000
$38,000
400,000
$37,000
200,000
$36,000
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Source: U.S. Bureau of Labor Statistics, May 2010, All Occupations
Dorchester County 122,442 118,117 116,446 62,292 54,154
South Carolina 4,416,867 4,222,886 4,183,574 2,658,414 1,525,160
2,202
3,497
1,671
39,312
7,458
17,266
4,325
193,981
Language Spoken at Home
Charleston, North/ 275,420 Charleston Columbia 331,480 Greenville 287,180 Spartanburg 111,690 50,000 100,000 150,000 200,000 250,000 300,000 350,000
Mean Annual Salary by Metro Area Dorchester County 113,812 108,171 5,641 2,888
South Carolina 4,119,061 3,864,127 254,934 157,206
Anderson $35,920
Spartanburg $38,750
5,792
1,492
55,748
2,127
3,175
1,201
32,769
373
467
60
9,211
Source: U.S. Census Bureau, 2005-2009 American Community Survey
Columbia $40,340 Greenville $39,110
$0
33
$10,000
$20,000
$30,000
$40,000
Government
1,958
Charleston, North/ $39,960 Charleston
Business Resources
Population 5 and older English only Language other than English Spanish Other Indo-European languages Asian and Pacific Islander languages Other languages
Anderson 55,530
0
Source: U.S. Census Bureau, 2005-2009 American Community Survey
Berkeley Charleston County County 151,531 321,903 142,067 301,817 9,464 20,086 5,006 10,652
Employment by Metro Area
Medical & Health Care
Charleston County 345,714 328,448 324,951 188,882 136,069
Occupational Employment and Wage Estimates – Regional Comparison
Hospitality & Tourism
Total population Native Born in United States Born in state of residence Born in different state Born in Puerto Rico, U.S. Island areas, or born abroad to American parent(s) Foreign-born
Berkeley County 163,328 155,870 153,668 88,314 65,354
Import/export & distribution
Place of Birth
Real Estate
Occupational Employment and Wage Estimates – State Comparison
Source: U.S. Bureau of Labor Statistics, May 2010
www.charlestonbusiness.com | 2011 Market Facts
33
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
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
Boeing Plant (Photo/ Matt Tomsic)
Employment & Economic Development
J
obless rates, which were a lagging indicator of the recession in 2008 and 2009, have bounced back in Berkeley and Dorchester counties. Charleston County, which had a lower rate than most counties in the state throughout the recession, has seen unemployment numbers remain fairly consistent over the past two years. Economic development announcements, including expansion of existing industries and regional site selection by new companies, continue to be a hallmark of the region. The Boeing Co.’s opening of the 787 Dreamliner final assembly plant this year will add to the company’s holdings in North Charleston — currently four manufacturing sites — and has led to interest from suppliers for the aerospace giant. Defense Department contracts continue to be a huge economic driver for the Charleston region, with Space and Naval Warfare Systems Command employing 3,500 civilian workers in the Charleston area and providing work for 9,000 defense contractors in the region. SPAWAR’s $2.6 billion economic impact in South Carolina comes from $5 billion in contracts the agency works on or awards annually. Manufacturing remains central to the employment base in the Charleston region, along with military installations such as Joint Base Charleston; health care institutions such as the Medical University of South Carolina, Roper St. Francis Healthcare and Trident Health System; and area school districts.
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34
34 2011 Market Facts | www.charlestonbusines s.com
Unemployment Rates – Regional Comparison.................................... 36 Fastest-growing Occupations – Charleston Region........................................ 36 Wages by Occupation – Charleston Region........................................ 36 Largest International Employers.................... 37 Nonagricultural Employment by Industry, Charleston Region...................... 37 Largest Manufacturing Employers................. 38 Largest Distribution Employers..................... 38 Largest Employers........................................ 39 Nonprofit Sector: Income and Expenses for Nonprofits in Various Sectors......................................................... 40
South Carolina’s premier public liberal arts and sciences university offers 120 majors and minors, 19 graduate degree programs, a faculty of 500, over 100 clubs and organizations, and more than 30 centers and institutes. All that and public college tuition. It’s your future. Make the most of it.
Real Estate
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
Unemployment Rates – 2006
– 2007
– 2008
– 2009
– 2010 Regional Comparison
Prior to the economic downturn, S.C. had the highest unemployment rate among comparative states
12% Financial Services
County Comparison
11%
Virginia’s unemployment is the lowest among comparative states.
10%
Demographics
8%
Employment & Economic development
9%
5%
7% 6%
4% 3% 2%
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
1% 0%
Alabama
Florida
Georgia
North Carolina
South Carolina
Tennessee
Fastest-growing Occupations – Charleston Region
Berkeley
Charleston
Dorchester
Wages by Occupation (Charleston MSA, 2010)
Estimated % growth over next 5 years
Architect Support/Drafting 136%
Website Developer 124%
Network Administrator (IT)
122%
General Mechanic 110%
Production Engineer 99%
Mechanical Engineer 88%
Information Technology Support
86%
82%
Quality Control Technician
Computer Programmer 78%
Process/Production Operator 75%
Registered Nurse 68%
Commercial Driver 67%
Customer Service Representative 61%
Engineering Technician
61% 140
120
100
80
60
40
Business Resources
U.S.
Source: U.S. Bureau of Labor Statistics
Operations Manager/Supervisor 67%
Source: Opportunity Next Regional Workforce Survey
36
This graphic was originally featured in the 2011 Regional Economic Scorecard, produced by the Charleston Regional Development Alliance. To view the full report, scan the QR code to the left or go to: tinyurl.com/3pvfggr
36 2011 Market Facts | www.charlestonbusines s.com
Occupation Title Annual Median Wage Management $95,010 Legal $84,140 Healthcare Practitioners & Technical $66,920 Architecture & Engineering $66,420 Life, Physical & Social Science $63,230 Computer & Mathematical $62,730 Business & Financial Operations $60,020 Arts, Design, Entertainment, Sports & Media $45,260 Education, Training & Library $43,800 All Occupations $39,960 Installation, Maintenance & Repair $39,570 Community & Social Services $37,250 Construction & Extraction $36,290 Production $35,850 Protective Service $34,170 Sales & Related $31,680 Office & Administrative Support $31,380 Transportation & Material Moving $29,950 Farming, Fishing & Forestry* $26,374 Health care Support $26,370 Personal Care & Service $24,450 Building & Grounds Cleaning / Maintenance $22,830 Food Preparation & Serving Related $21,000 Source: U.S. Bureau of Labor Statistics, May 2010 *2008 Wage estimate. 2010 estimate not released.
$100K $90K $80K $70K $60K $50K $40K $30K $20K $10K $0K
Government
Virginia
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
Financial Services
Finnish Kemira Chemicals Inc. – 65 Danish Maersk Line – 75 Austrian Leinweber Maschinen GmbH – 5
Spanish Giant Cement Holding Inc. – 250
Japanese Showa Denko Carbon Inc. – 210 Asahi Kasei Spandex America Inc. – 170 Sun Chemical – 160 Chinese Garden Zone LLC – 35
Italian Strand-Tech Martin Inc. – 40
United Arab Emirates Jafza Americas – 10
Greek Thrace-Linq Inc. – 60
Taiwanese Evergreen Shipping Agency (America) Corp. – 50
Education
Chilean Briggs Industries – 60
Nonagricultural Employment by Industry, Charleston Region Total employment, 2010
12,200 14,000
10%
TOTAL 283,200
0%
32,700
53,200
Other Services
-10% -20%
Business Resources
Financial Activities
20%
20,800
Manufacturing Natural Resources, Mining & Construction
30%
58,700
Medical & Health Care
Education & Health Services
5,100
Hospitality & Tourism
10,600
Trade, Transportation & Utilities
Leisure and Hospitality
% Change in total employment 2000-2010 40%
Government
Import/export & distribution
South African Pegasus Steel – 85
Professional & Business Services
Employment & Economic development
Swiss Mediterranean Shipping Co. (USA) – 225 ADT Security Services – 115
Russian Delfin USA – 170
Demographics
British Cummins Turbo Technologies – 700 BAE Systems – 575 Charleston Place – 415 VT Milcom – 250 BP – 225
Mexican DAK Americas – 250
Source: Center for Business Research, Charleston Metro Chamber of Commerce
Swedish SKF Aero Bearing – 75 Venture Aerobearings LLC – 45
Dutch Digital Lifestyle Outfitters – 75
Canadian Gildan Activewear – 250 Welded Tube - Berkeley – 60
Largest International Employers, Charleston S.C. MSA
Real Estate
French Hagemeyer North America – 200 Rhodia – 125 Lafarge North America – 110 Zodiac of North America – 100
German Robert Bosch LLC – 1,475 Behr Heat Transfer Systems Inc. – 230 Getrag Precision Gear – 200 IFA Rotorion North America LLC – 200 Linde Material Handling N.A. – 115 Daimler Vans Manufacturing LLC – 100 Lanxess Corp. – 100 Berchtold Corp. – 95 Syn Strand Inc. – 80
Information
Source: U.S. Bureau of Labor Statistics
40,800
-40%
www.charlestonbusiness.com | 2011 Market Facts
73
Government
-30%
35,200
37
Connect with the Best Local Job Candidates.
Product
Boeing Charleston
Aircraft manufacturing
3,000
Robert Bosch LLC
Antilock brake systems, fuel injection
1,475
Force Protection Inc.
Mine-protected vehicles, military class vehicles
1,300
Why use SCJobMarket.com?
Nucor Steel
Steel roll and steel beam manufacturing
900
KapStone Paper and Packaging Corp.
Paper, packaging, forest products
850
SCJobMarket.com is a South Carolina based Internet recruiting web site devoted to connecting local candidates with local employers.
Cummins Turbo Technologies
Turbocharger and air compressor manufacturing
700
Alcoa Mt. Holly
Primary aluminum ingot; aluminum smelting
600
BAE Systems
Electronic security and communications systems design, manufacturing and integration
575
Detyens Shipyards Inc.
Shipyard; general ship repairs and modifications
500
CR Bard Inc.
Medical products – specialty catheter manufacturing
465
MeadWestvaco Corp.
Diverse portfolio of specialty chemical products, community development, forest management
350
J.W. Aluminum
Aluminum foil and sheet products
345
Caterpillar Remanufacturing Powertrain Services
Automobile transmission remanufacturing
325
American LaFrance
Heavy duty work truck manufacturing
300
DAK Americas
Polyethylene terephthalate resin
250
AAI Corp.
Software/hardware design and production; flight simulators
250
Hill-Rom Inc.
Specialty medical equipment
250
VT Milcom
Engineering, IT and technical services, fabrication and assembly
250
Albany International
Paper machine press fabrics (felts)
240
Behr Heat Transfer Systems Inc.
Engine cooling system manufacturing
230
Brought to you by the publisher of the Charleston Regional Business Journal, Columbia Regional Business Report, GSA Business and SC BIZ Magazine.
Import/export & distribution
Employees
Hospitality & Tourism
Source: Center for Business Research, Charleston Metro Chamber of Commerce
Medical & Health Care
Charleston MSA Largest Distribution Employers (2010)
Business Resources Government
38
Charleston MSA Largest Manufacturing Employers (2010) Company
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
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
For more information, call 843.849.3104 or visit www.SCJobMarket.com
38 2011 Market Facts | www.charlestonbusines s.com
Company
Product
Employees
Gildan Activewear
Import and distribution of apparel to retailers; retail division administration operations
250
Quoizel Inc.
Distribution of decorative lighting products
225
Pearlstine Distributors
Beer distributor
215
Piggly Wiggly Distribution Center
Grocery products distribution center
200
DiMare Johns Island Inc.
Wholesale ornamental nursery products distribution
200
Fruit of the Loom Palmetto Distribution Center
Undergarments
200
Hagemeyer North America
Electrical/industrial equipment and tools distribution
200
Kinder Morgan
Cement import and distribution
145
UTi Integrated Logistics
Warehousing, distribution, logistics services
140
Linde Material Handling N.A.
Distribution of industrial and commercial machinery
115
Moulton Logistics Management Direct response order fulfillment
100
TBC Corp. East Coast Distribution Center
100
Distribution of automotive replacement tires on the East Coast
Source: Center for Business Research, Charleston Metro Chamber of Commerce
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 Real Estate
Largest Employers, Charleston MSA – Private Sector 22,000
– Public Sector
22,000
18,000 16,000 14,000
11,000
(Photo/U.S. Navy photo/Jennifer Hudson)
10,000 8,000
Demographics
12,000
Financial Services
Joint Base Charleston, which was created Oct. 10, 2010, when the Naval Weapons Station and the Air Force Base merged into one military team, is the largest employer in the area. Prior to the merger, the Naval Weapons Station was the top employer in the area, employing 13,000. Together they have 49 installation support functions, such as food services, legal support and law enforcement. The installation includes 23,777 acres, 37 square miles, 16 miles of shoreline, 38 miles of rail, three miles of runways, 56 C-17s and 53 tenant organizations.
20,000
6,000 4,800
4,000 2,000
3,650
3,000
3,000
2,800
2,500
2,300
2,150
1,900
1,800
1,800
1,500
1,475
1,350
1,300
1,270
1,200
1,200
1,150
les al ton U So ni uth ve Ch Ca rsity ar rol of l Sc esto ina ho n C o Ro l Di oun pe str ty r S ict He t. Fr a Be alth nci rk car s Sc ele e ho y C ol ou Di n Bo str ty ein g C ict ha rle sto JE M n Re s t Do Gro aur r u a Sc ches p Inc nt ho te . ol r C Di ou s n Tri trict ty de 2 nt H Wa Sy eal ste th lm ar m tS tor Ch es ar Inc les . Go ton C ve ou rn n m t Ca Pig en y ro gly t lin W a C ig Cit g y o o In ly c. fC ha rle sto n
Ch ar
dic
se
Me
Ba int Jo
SA I Pu Even C bli in sh g P ing os Ro be Co t rt . Bo sc hL LC BiLo Fo St rce or es Pr ote cti Co on lle Inc ge . of Ch ar les ton Sa nte eC oo U. S. pe Po r sta lS er vic e Bla ck ba ud Inc .
Import/export & distribution
Source: Center for Business Research, Charleston Metro Chamber of Commerce, October 2010
Education
0
Employment & Economic development
7,200
Hospitality & Tourism Medical & Health Care Business Resources Government
93
www.charlestonbusiness.com | 2011 Market Facts
39
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
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
Income and Expenses for Nonprofits in Various Sectors Ranked by Revenues Year of Report Arts and Cultural Organizations Spoleto Festival USA Inc. 2010 Historic Charleston Foundation 2009 Charleston Symphony Orchestra 2009 Distinctively Charleston Food & Wine 2010 Festival Inc. The Charleston Museum 2009 S.C. Maritime Heritage Foundation 2009 Gibbes Museum of Art 2010 American College of the Building Arts 2009 Charleston Stage Co.pany Inc. 2010 Friends of the Hunley Inc. 2009 Educational Organizations Charleston Southern University 2010 James Island Charter High School 2010 Ashley Hall Foundation 2010 The Citadel* Pinewood Preparatory School 2010 Orange Grove Elementary Charter School 2010 Charleston Day School 2010 College of Charleston* 2010 Porter-Gaud School 2009 Mason Preparatory School 2010 Animals and Environment South Carolina Aquarium 2009 S.C. Coastal Conservation League 2009 Charleston Animal Society 2009 Humane Net 2009 International Primate Protection League 2009 Pet Helpers 2009 Southeastern Wildlife Exposition Inc. 2010 Kiawah Island Natural Habitat 2009 Conservancy Doc Williams SPCA in Berkeley County 2008 Center for Birds of Prey 2009 Health care Roper St. Francis Hospital* MUSC* Franklin C. Fetter Family Health Center Inc. 2010 St. James Santee Rural Health Program 2010 Sea Island Medical Center 2007 Lowcountry AIDS Services 2009 Ronald McDonald House Charities of 2009 Charleston Inc. Hospice of Charleston Inc. 2010 Barrier Islands Free Medical Clinic 2009 Association for the Blind 2010
Government
40
40 2011 Market Facts | www.charlestonbusines s.com
Income
Program Administrative
Expenses
Assets
Liabilities
$7,991,330 $3,218,037 $2,581,197 $2,159,044
$4,737,902 $3,109,336 $2,112,491 $1,705,270
$1,519,072 $296,482 $425,064 $229,150
$7,346,579 $3,632,542 $2,562,875 $2,089,474
$14,418,932 $18,798,688 $414,774 $248,004
$2,293,372 $2,296,020 $343,238 $27,938
$1,861,035 $1,851,806 $1,577,779 $1,475,061 $1,168,794 $1,165,778
$1,326,682 $1,781,303 $1,113,686 $2,083,956 $828,440 $695,571
$676,942 $274,089 $281,737 $508,918 $180,425 $327,654
$2,003,624 $2,233,711 $1,584,342 $2,699,142 $1,189,823 $1,165,778
$16,443,900 $4,356,860 $2,825,122 $2,087,254 $140,095 $1,713,236
$94,653 $2,416,289 $160,436 $4,088,325 $667,864 $688,935
$66,262,564 $13,392,164 $12,592,012 $9,827,963 $6,942,068 $6,097,880 $5,242,630 $4,873,609 $4,134,156 $3,163,999
$51,478,092 $8,497,989 $9,741,316 $10,374,663 $4,636,253 $5,356,227 $2,134,685 $4,443,992 $2,904,075 $2,478,576
$8,321,379 $4,789,183 $2,236,658 $1,140,905 $2,538,875 $850,229 $862,522 $447,268 $1,297,144 $695,275
$60,468,293 $88,720,027 $13,287,172 $5,277,575 $12,767,823 $43,548,763 $14,972,320 $1,463,462,470 $7,375,551 $10,799,628 $6,206,456 $1,112,618 $3,212,370 $8,080,644 $5,418,478 $73,999,425 $4,201,219 $5,858,199 $3,227,467 $5,520,850
$29,891,863 $3,974,710 $27,219,622 $9,166,373 $8,084,224 $65,374 $997,636 $2,477,883 $5,946,448 $797,848
$8,731,086 $3,169,604 $2,876,670 $2,198,400 $1,333,546 $1,265,208 $1,162,247 $602,838
$5,293,196 $1,835,405 $2,267,498 $1,680,827 $973,267 $1,192,679 $987,690 $595,831
$1,356,648 $363,527 $241,291 N/A $133,079 $140,318 $312,667 $47,664
$7,003,850 $2,528,001 $2,660,234 $1,680,827 $1,121,710 $1,403,151 $1,302,357 $736,582
$5,553,974 $9,529,760 $14,259,134 $30,363 $4,259,033 $5,899,197 $83,849 $1,532,994
$3,819,593 $109,234 $3,701,087 N/A $29,486 $2,431,704 $289,415 $453,819
$583,461 $580,446
$638,532 $581,278
$67,836 $217,244
$706,368 $837,322
$116,070 $6,265,556
$14,264 $1,668,935
$744,536,292 $279,828,167 $8,191,009 $2,320,177 $1,730,506 $1,398,663 $1,263,362
$565,796,448 $243,061,182 $5,064,615 $1,349,731 $1,280,480 $1,144,959 $734,220
$115,674,036 $26,111,117 $3,636,032 $848,018 $233,730 $33,624 $90,104
$682,310,452 $270,684,383 $8,700,647 $2,197,749 $1,514,210 $1,217,464 $949,816
$849,303,740 $566,683,095 $3,355,325 $1,373,635 $429,517 $1,096,545 $3,674,684
$74,571,736 $232,827,858 $1,644,960 $130,579 $236,327 $108,900 $17,922
$753,707 $605,348 $512,874
$181,505 $477,712 $458,523
$610,679 $78,815 $56,786
$814,516 $613,316 $584,057
$5,527,341 $476,876 $5,466,132
$3,659,868 $5,000 $14,698
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
Income
Program Administrative
Expenses
Assets
Liabilities
$1,485,322 $7,843,809 $15,461,049 $3,569,719 $3,861,626 $859,235 $1,285,544
N/A $4,269,557 $4,840,239 $2,469,990 $4,635,487 $140,312 $893,591
$528,434 $502,671
$214,820 $312,202
$44,668 $31,438
$260,077 $343,640
$310,879 $1,179,010
$25,199 $648,089
$414,788
$293,011
$43,202
$336,213
$1,413,390
$430,110
$28,104,539 $23,456,742 $9,195,545 $8,961,812 $3,664,481 $3,563,116 $3,454,193 $3,450,846 $3,301,398 $3,285,658
$24,078,906 $21,252,943 $8,544,564 $8,813,616 $3,459,200 $3,142,339 $2,659,065 $2,706,273 $2,740,535 $2,881,015
$3,077,560 $530,533 $572,948 $104,181 $491,162 $569,796 $879,425 $190,647 $218,382 $358,999
$27,191,037 $22,313,184 $9,117,512 $8,917,797 $4,159,976 $4,067,335 $3,538,490 $3,159,294 $2,978,917 $3,292,919
$32,478,171 $10,078,159 $2,906,753 $4,998,841 $6,359,836 $10,927,928 $640,369 $2,596,185 $17,526,954 $486,752
$26,081,272 $3,987,158 $2,072,683 $876,544 $317,740 $4,333,000 $6,851 $796,156 $15,746,770 $274,146
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Import/export & distribution
NA=Not Available. *Data not directly comparable because several nonprofits combined under single organization Source: Guidestar. Data compiled and provided by the Coastal Community Foundation.
Education
$4,043,128 $372,654 $813,938 $1,201,373 $839,766 $696,225 $652,304
Employment & Economic development
$28,128 $31,094 $73,499 $130,154 $28,092 $46,321 $13,585
Demographics
$4,015,000 $332,398 $740,439 $1,071,219 $811,674 $649,904 $638,719
Financial Services
$4,753,106 $1,438,068 $1,359,130 $1,343,439 $825,243 $681,768 $598,357
Real Estate
Ranked by Revenues Year of Report Neighborhood Improvement Organizations Save the Light 2008 Lowcountry Housing Trust 2009 Humanities Foundation 2009 Episcopal Diocese 2009 Ansonborough Housing Corp. 2009 Metanoia 2009 Lowcountry Housing and Economic 2009 Development Sustainability Institute 2009 Charleston Area Community 2009 Development Corp. Jewish Community Center Housing Corp. 2009 Human Services Organizations Goodwill Industries of Lower S.C. Inc. 2009 Lowcountry Food Bank Inc. 2009 Charleston County Human Services 2009 Berkeley Citizens Inc. 2010 Carolina Youth Development Center 2010 Summerville YMCA 2009 Public Defender of Charleston County 2008 Crisis Ministries 2010 Family Services Inc. 2008 Trident Area Agency on Aging 2010
Medical & Health Care Business Resources
/,(3;/ *(9,
/,96,: Call our Staff at 843-723-3635
CoastalCommunityFoundation.org
For information about event sponsorships, call Kathy Allen at 843.849.3113. www.charlestonbusiness.com | 2011 Market Facts
Government
14
41
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
E d u c at i o n
Education
P
ublic school districts continue to have a large impact on the Charleston-area economy, as they are some of the largest employers and typically do significant amounts of business locally. Charleston County School District is the largest in the region, with more than 42,000 students and 76 schools. The smallest district in the region, Dorchester 4 School District, has only five schools but spends the most per pupil and has the highest average teacher salary in the tri-county region. All the region’s school districts have received an “average” rating, except Dorchester County School District 2, which received a “good” rating. Among higher education institutions based in the Charleston area, Trident Technical College saw enrollment skyrocket during the recession, going from a little less than 13,000 in 2008 to nearly 15,000 in 2009. The College of Charleston also has seen significant growth in the past two years, with nearly 12,000 students. Enrollment at The Citadel has stayed about the same, and Charleston Southern University’s and the Medical University of South Carolina’s student populations have crept up slightly in the past year. The Charleston area continues to be the most well-educated population in the state, with more than 86% of residents older than 25 holding at least a high school diploma, according to the U.S. Census Bureau.
This section is sponsored by:
Government
42
42 2011 Market Facts | www.charlestonbusines s.com
At a Glance: Charleston Region Public Schools................................. 44 Annual School Report Card......................... 44 Charleston Region PASS Performance......... 44 Charleston Region Enrollment by Grade................................... 44 Annual Dropout Rates................................. 44 10-Year Analysis of Total Headcount Enrollment................................. 46 Percent of Population 25 and Older with a High School Diploma or Higher......... 46 Statewide Scholarship Award Amount Totals 2007-08 Academic Year (Fall, Winter, Spring and Summer)............... 47 Tuition Costs for Charleston Region Colleges and Universities (Full-Time Undergraduate Students)............ 47 Average Total Contracted Salary for Classroom Teachers in S.C..................... 48 Percentage of Residents with a Bachelor’s Degree....................................................... 48 College Admissions Tests for Charleston Region School Districts – SAT..................... 49 10-Year Summary of Degrees Awarded....... 49
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
E d u c at i o n
Charleston Region PASS Performance
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 www.berkeley.k12.sc.us Number of students.......................28,183 Number of schools................................38 Number of magnet schools.....................3 Number of charter schools......................0 Dollars spent per pupil...................$8,476 Average administrator salary.......$79,295 Average teacher salary................$46,971 Charleston School District Nancy J. McGinley, Superintendent 75 Calhoun St. Charleston, SC 29401 Phone................................843-937-6319 www.ccsdschools.com Number of students.......................42,016 Number of schools................................76 Number of magnet schools...................22 Number of charter schools......................8 Dollars spent per pupil...................$9,451 Average administrator salary.......$76,773 Average teacher salary................$45,692
Berkeley 99.3% 34.1% 35.0% 30.9%
Charleston Dorchester 2 Dorchester 4 98.0% 99.70% 99.30% 24.5% 18.5% 34.1% 32.0% 33.1% 35.0% 43.5% 48.4% 30.9%
99.4% 37.6% 36.1% 24.7%
99.9% 28.3% 35.5% 36.1%
99.90% 57.6% 26.0% 16.3%
99.40% 37.6% 37.7% 24.7%
98.4% 41.5% 42.0% 16.5%
99.7% 32.6% 43.0% 24.4%
99.60% 25.3% 48.4% 26.3%
98.40% 41.5% 42.0% 16.5%
97.7% 28.6% 46.0% 25.4%
99.7% 26.2% 37.1% 36.7%
99.70% 21.2% 40.8% 37.9%
97.70% 28.6% 46.0% 25.4%
Dorchester 4 School District Jerry G. Montjoy, Superintendent 500 Ridge St. St. George, SC 29477 98.7% 98.9% 98.90% 98.70% Phone................................843-563-4535 www.dorchester4.k12.sc.us 32.1% 25.0% 17.1% 32.1% Number of students.........................2,223 42.0% 35.1% 39.6% 42.0% Number of schools..................................5 25.9% 39.9% 43.3% 25.9% Number of magnet schools.....................5 Number of charter schools......................0 Source: 2010 S.C. Education Accountability Act Report Cards, S.C. Department of Education Dollars spent per pupil.................$11,738 Average administrator salary.......$80,198 Enrollment by Grade 2010-2011 Average teacher salary................$47,676 Grade Berkeley Charleston Dorchester 2 Dorchester 4 S.C. K 2,170 3,612 1,629 173 54,274 Source: 2010 S.C. Education Accountability Act Report Cards, S.C. Department of Education 1 2,406 3,667 1,727 169 53,658 2010 Annual School Report Card 2 2,283 3,435 1,727 167 53,658 3 2,211 3,407 1,672 172 53,930 (Ratings over a five-year period) 4 2,297 3,341 1,835 157 55,427 Berkeley County School District Dorchester 2 County School District 2,325 3,306 1,814 180 55,777 Absolute Rating 5 Year Absolute Rating Year 2010...........................................Average 2010................................................Good 6 2,164 3,090 1,818 139 54,779 2009............................................ At-Risk 2009.................................Below Average 7 2,071 3,140 1,740 163 54,181 2008................................................Good 2008..........................................Excellent 8 2,143 2,899 1,706 129 52,859 2007.................................Below Average 2007............................................ At-Risk 2,049 3,570 1,736 174 62,126 2006.................................Below Average 2006............................................ At-Risk 9 10 2,180 3,084 1,710 193 54,796 Dorchester 4 County School District Charleston County School District 11 2,310 2,769 1,842 165 48,855 Absolute Rating Year Absolute Rating Year 12 1,778 2,674 1,386 119 44,733 2010...........................................Average 2010...........................................Average 28,386 41,992 22,340 2,101 700,565 2009............................................ At-Risk 2009............................................ At-Risk Total 2008..........................................Excellent 2007...........................................Average 2006............................................ At-Risk
Excellent – School performance substantially exceeds the standards for progress 44 toward the 2020 S.C. Performance Vision. Government
Dorchester 2 School District Joseph R. Pye, Superintendent 102 Green Wave Blvd. Summerville, SC 29483 Phone................................843-873-2901 www.dorchester2.k12.sc.us Number of students.......................22,047 Number of schools................................20 Number of magnet schools.....................0 Number of charter schools......................0 Dollars spent per pupil...................$8,106 Average administrator salary.......$79,613 Average teacher salary................$45,426
English/Lang. Arts Percentage Tested Not Met Met Exemplary MathEmatics Percentage Tested Not Met Met Exemplary Science Percentage Tested Not Met Met Exemplary Social Studies Percentage Tested Not Met Met Exemplary Writing Percentage Tested Not Met Met Exemplary
Good – School performance exceeds the standards for progress toward the 2020 S.C. Performance Vision.
2008..........................................Excellent 2007............................................ At-Risk 2006............................................ At-Risk
Source: S.C. Department of Education
Dropout Rate for S.C. Grades 9-12
4% Below Average – School is in jeopardy of not meeting the standards for progress 3% toward the 2020 S.C. Performance Vision. 2%
At-Risk – School performance fails to meet the standards for progress toward the 2020 S.C. Performance Vision.
Source: 2010 S.C. Education Accountability Act Report Cards, S.C. Department of Education
44 2011 Market Facts | www.charlestonbusines s.com
3.8%
3.9%
3.4%
2.9%
1% 0% 2006-2007
2007-2008
Source: S.C. Department of Education
2008-2009
2009 -2010
College Admission Tests for Charleston Region School Districts - ACT School District English Math Reading Science Total 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 Berkeley County 18.2 18.2 19.2 19.3 19.3 19.2 19.4 19.5 19.1 19.2 Charleston County 20.1 19.6 20.6 20.1 20.8 20.2 20.4 20.2 20.6 20.1 Dorchester 2 21.3 20.0 21.9 21.1 22.0 20.9 21.6 20.9 21.8 20.8 Dorchester 4 14.5 15.3 15.7 16.8 15.7 16.5 16.6 17.0 15.8 16.6 South Carolina 18.9 18.8 19.9 20 19.7 19.7 19.7 19.8 19.7 19.7 Nation 20.6 20.5 21 21 21.4 21.3 20.9 20.9 21.1 21 Source: 2010 State of S.C. Education Accountability Act Report Cards, S.C. Department of Education
10-Year Analysis of Total Headcount Enrollment in Regional Colleges and Universities
6,000
Medical University of SC
The Citadel
The Citadel
College of Charleston
College of Charleston
Trident Technical College
Trident Technical College Metro Area
Charleston Southern University
Atlanta. .......................... 86.5.......... 34.0 Limestone College
Limestone College
Southern Wesleyan University Charleston.................86.8.........29.0
Southern Wesleyan University
Charlotte........................ 85.9.......... 31.7
Charleston Southern University
Columbia....................... 86.4.......... 29.9
4,000
Greenville...................... 81.6.......... 26.4 Orlando, Fla................... 87.0.......... 27.3 2,000
Savannah...................... 86.8.......... 26.5 United States................. 84.6.......... 27.5 South Carolina............... 82.2.......... 23.5
00 Fall '00 Fall ’00
Fall ’01 '01 Fall
Fall '02 Fall ’02
Fall '03 Fall ’03
Fall ’04 '04 Fall
Fall '05 Fall ’05
Source: 2010 S.C. Higher Education Statistical Abstract Fall '06
Fall '07
Fall '08
Fall '09
Medical & Health Care
Hospitality & Tourism
Fall '05
Business Resources Government
Percentage of Population 25 and Older with a High School Diploma or Higher Medical University of SC
8,000
Fall '04
46
December 2007 Start of the recession
12,000 12,000
Education Import/export & distribution
May 2006 Johnson & Wales closes Charleston campus
% Bachelor’s Degree or Higher
10,000 10,000
January 2002 S.C. Education Lottery begins
% High School Diploma or Higher
14,000 14,000
Employment & Economic development
Financial Services
16,000 16,000
Demographics
Real Estate
E d u c at i o n
Founded in 1770, South Carolina’s premier public liberal arts and sciences university has a history of providing futures. Today we offer 120 majors and minors in the liberal arts and sciences, a 16:1 student to faculty ratio, in-state tuition for S.C. residents, and our beautiful downtown campus. It’s a historic opportunity. Take advantage of it.
46 2011 Market Facts | www.charlestonbusines s.com
CofCForMe.com
Fall ’06 '06 Fall
Fall ’07 '07 Fall
Fall '08 Fall ’08
Fall ’09 '09 Fall
Source: U.S. Census Bureau 2005-2009 American Community Survey
E d u c at i o n
Legislative Incentives for Future Excellence scholarship 31,004 awards $150,595,333 total
* Includes spring tuition increase where applicable. ** Includes pharmacy, nursing and health professions only. *** Meals per week not available.
Need-based grants 28,051 awards $26,989,583 total
Education
S.C. Hope Scholarship 2,724 awards $7,037,260 total
Palmetto Fellows Scholarship 5,590 awards $44,035,892 total
Employment & Economic development
Source: 2009-2010 Academic Year S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education
Demographics
Out-of- Dormitory/ In-State* State* Board*** Per Academic Year – Public Colleges and Universities Medical University of South Carolina** $11,078 $25,388 N/A The Citadel $8,950 $22,545 $5,965 College of Charleston $8,988 $21,846 $9,411 Trident Technical College $3,450 $6,532 N/A Per Academic Year – Independent Colleges and Universities Charleston Southern University $19,278 $19,278 $7,394 Limestone College $18,300 $18,300 $6,800 Southern Wesleyan University $18,700 $18,700 $7,800
Financial Services
Lottery tuition assistance program 45,628 awards $47,641,997 total
Tuition Costs for Charleston Region Colleges and Universities (Full-time Undergraduate Students)
Real Estate
Statewide Scholarship Award Amount Totals 2008-09 Academic Year
Total: 112,997 awards, $276,300,065
Import/export & distribution
Source: 2010 S.C. Higher Education Statistical Abstract, S.C. Commission on Higher Education
Hospitality & Tourism Medical & Health Care Business Resources Government
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www.charlestonbusiness.com | 2011 Market Facts
47
Hampton 2.....................$45,172........ 59
Aiken.............................$46,823........ 43
Horry.............................$50,256.......... 8
Allendale.......................$40,195........ 86
Jasper...........................$47,709........ 29
Anderson 1....................$47,482........ 35
Kershaw........................$48,319........ 21
Anderson 2....................$47,878........ 26
Lancaster......................$47,198........ 39
Anderson 3....................$45,206........ 58
Laurens 55....................$45,610........ 53
Anderson 4....................$47,616........ 32
Laurens 56....................$46,902........ 42
Anderson 5....................$46,352........ 46
Lee................................$41,234........ 84
Bamberg 1.....................$44,572........ 61
Lexington 1....................$48,631........ 17
Bamberg 2.....................$43,864........ 67
Lexington 2....................$48,738........ 16
Barnwell 19...................$40,539........ 85
Lexington 3....................$47,769........ 28
Barnwell 29...................$43,690........ 68
Lexington 4....................$42,632........ 76
Barnwell 45...................$47,892........ 25
Lexington 5............... $51,504......... 1
Beaufort........................$49,302........ 10
Marion 1........................$43,365........ 72
Berkeley........................$46,971........ 40
Marion 2........................$44,333........ 62
Calhoun.........................$47,477........ 36
Marion 7........................$42,305........ 78
Charleston.....................$45,692........ 50
Marlboro........................$42,284........ 79
Cherokee.......................$47,991........ 23
McCormick....................$44,039........ 66
Chester..........................$47,521........ 34
Newberry.......................$44,925........ 60
Chesterfield...................$45,791........ 49
Oconee..........................$47,373........ 38
Clarendon 1...................$41,846........ 82
Orangeburg 3................$48,567........ 18
Clarendon 2...................$43,509........ 71
Orangeburg 4................$47,448........ 37
Clarendon 3...................$45,223........ 57
Orangeburg 5................$48,885........ 14
Colleton.........................$43,601........ 70
Pickens..........................$47,923........ 24
Darlington......................$45,808........ 47
Richland 1.....................$50,593.......... 6
Dillon 1..........................$41,695........ 83
Richland 2.....................$50,531.......... 7
Dillon 2..........................$44,307........ 64
Saluda...........................$42,143........ 80
Dillon 3..........................$43,113........ 73
S.C. Public Charter.... $37,564....... 87
Dorchester 2..................$45,426........ 56
Spartanburg 1................$48,810........ 15
Dorchester 4..................$47,676........ 30
Spartanburg 2................$47,862........ 27
Edgefield.......................$45,793........ 48
Spartanburg 3................$50,802.......... 3
Fairfield.........................$45,609........ 54
Spartanburg 4................$48,411........ 19
Florence 1.....................$47,611........ 33
Spartanburg 5................$49,058........ 12
Florence 2.....................$43,669........ 69
Spartanburg 6................$48,942........ 13
Florence 3.....................$42,683........ 75
Spartanburg 7................$50,708.......... 5
Florence 4.....................$45,666........ 51
Sumter 17.....................$44,151........ 65
Florence 5.....................$47,673........ 31
Sumter 2.......................$44,309........ 63
Georgetown...................$48,373........ 20
Union.............................$45,626........ 52
Greenville......................$46,593........ 44
Williamsburg..................$42,039........ 81
Greenwood 50...............$46,954........ 41
York 1............................$49,588.......... 9
Greenwood 51...............$42,853........ 74
York 2............................$50,728.......... 4 York 3............................$49,216........ 11
Hampton 1.....................$45,531........ 55
York 4............................$51,188.......... 2
Government
48 Greenwood 52...............$48,025........ 22
Source: S.C. Department of Education
1980 –
1990 –
2009 –
39%
36%
33%
30%
27%
24%
21%
18%
15%
12%
9%
6%
3%
0%
Source: Chronicle of Higher Education
48 2011 Market Facts | www.charlestonbusines s.com
2000 –
U.S. Average
Abbeville........................$46,463........ 45
1940 –
Statewide
District Salary Rank
Aiken
District Salary Rank
Percentage of Residents with Bachelor’s Degrees (By county, rounded to nearest whole point)
Greenville
Average
e
Richland
$47,508 Statewi d
Beaufort
Average Annual Contracted Salary for Classroom Teachers 2009-2010
Charleston
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E d u c at i o n
E d u c at i o n
School District Berkeley County Charleston County Dorchester 2 Dorchester 4 South Carolina United States
Math 2009 2010 495 493 493 487 508 507 419 458 496 496 510 511
Writing 2009 2010 461 456 473 469 475 468 421 453 467 465 487 488
Total 2009 2010 1,435 1,426 1,453 1,441 1,478 1,466 1,256 1,378 1,445 1,443 1,493 1,497
Demographics
Source: S.C. Department of Education
10-Year Summary of Degrees Awarded 200506 811 670
200607 801 806
2007- 200808 09 899 4,145 688 768
College of Charleston Trident Technical College Charleston Southern University Limestone College Southern Wesleyan University
1,971 789 368 399 343
2,214 920 394 678 766
2,270 996 476 735 796
2,237 998 536 796 898
2,333 914 568 463 893
1,961 884 375 419 442
2,282 982 433 485 563
2,251 956 398 495 760
2,230 1,075 581 762 878
2008-09 vs. 1999-2000 17.20% 36.90%
2008-09 vs. 2007-08 2.40% 11.60%
13.10% 36.20% 57.90% 91.00% 156.00%
-4.40% 17.60% 2.30% 64.60% -1.70%
Source: 2010 S.C. Higher Education Statistical Abstract
SPA cruises ahead with terminal plans By Daniel Brock
Re-sort at the resort
Down and out?
Some businesses might not recover from the economic downturn. Page 4
dbrock@scbiznews.com
harleston is a city known for its history, and its decades-old passenger cruise terminal will soon be just that. The S.C. State Ports Authority announced earlier this month that it is moving ahead with a EXECUTIVE $25 million redevelopSUMMARY ment plan for its Union Charleston council Pier Terminal property. backs plans to build Cruise operations will passenger terminal. be relocated farther north to a massive onsite warehouse now used for automobile storage, among other tasks. The 100,000-square-
foot facility will receive an overhaul paid for by the authority, which has already invested $1.3 million in conceptual work. The southern end of the property, meanwhile, will be turned into public parks, open spaces and mixed-use development that will allow for new view corridors on Charleston streets, a waterfront ending for Market Street and natural shoreline. BMW Co.’s Union Pier operations would be moved, in all likelihood to the Columbus Street Terminal, according to authority officials. Charleston Mayor Joe Riley has been a vocal supporter of the effort and the City Council See CRUISE, Page 5
Tourism on the upswing By Ashley Fletcher Frampton
C
aframpton@scbiznews.com
ruise ship passengers spending a few days in town before or after their trips are one of several factors helping Charleston’s tourism market regain momentum this year after losing ground throughout 2008 and 2009, industry officials say.
Âł
See TOURISM, Page 6
Âł
In Focus: Agribusiness & Biotech
Local farmers are finding increasing success and financial stability through direct, advance sales of their harvests to consumers. Community supported agriculture programs, or CSAs, deliver up-front cash and reduce farmers’ risks. More than peanuts Tony the Peanut Man sells his boiled and roasted goobers at a frenetic pace. Page 9
Inside: A new market for farmers. Page 10
49
95
Medical & Health Care
Charleston attorney Johnny Linton purchases Summerville’s posh Woodlands Inn. Page 3
C
$
.A>G?7 &A N
SPECIAL REPORT: TOURISM ON THE WATERFRONT
Hospitality & Tourism
All for one low price! +7BF '5F N III 5:3D>7EFA@4GE;@7EE 5A?
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The Ultimate Business Package
Education
200405 717 743
Employment & Economic development
Medical University of South Carolina The Citadel
1999- 2000- 2001- 2002- 200300 01 02 03 04 715 730 739 706 674 561 564 606 682 682 1,963 848 353 433 324
Financial Services
Critical Reading 2009 2010 479 477 487 484 495 491 416 467 482 482 496 498
Real Estate
College Admissions Tests for Charleston Region School Districts – SAT
At Work
Ikon-ic Isle of Palms mortgage firm experiences rapid growth. Page 41
INSIDE Upfront .............................2 In Focus: Agribusiness & Biotech ............................9 List: Small Business Administration Lenders ..38 List: Security Systems Co. ....................39
At Work ..........................41 Economics Column .........42 People in the News .........43 Business Digest ..............44 Leads .............................45 Calendar .........................46 Viewpoint........................47
Special pull-out publication PARKS GUIDE & BUSINESS SPACE grow COMMERICALFind your economy in 2010 a place to
The 2010 Commercial Space & Business Parks Guide offers a comprehensive look at the region’s commercial real estate market.
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Call (843) 849-3116 or visit www.charlestonbusiness.com
A worker gathers zuccini at Gruber Farm in St. George (above). Stanley Gruber and Helen Barton load boxes of produce for shipment to CSA customers at right. (Photos/Leslie Halpern)
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Medical & Health Care
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Photo/S.C. State Ports Authority
Import/Export & Distribution
T
he Port of Charleston continues to rebound from the recession in dramatic ways, including a 15.5% year-to-year increase in container volume, significant business deals with shipping companies, expansion of capacity with a new terminal in North Charleston and positive strides toward deepening the harbor to 50 feet. Port officials were cautiously optimistic in 2009 when container volume was seeing gains after a deep recession that pummeled cargo traffic across the globe. But a year later, the numbers are steadily increasing with ever larger ships calling on Charleston. Primary exports continue to be paper, wood, automobiles, chemicals and chicken. The largest imports are petroleum, gasoline, cast iron, aluminum and automobile parts. Most of the Port of Charleston’s exports end up in Europe and China, but South Carolina’s commodities also find uses in Brazil, India and South Africa. Savannah still moved more metric tons through its port in 2010, and it had an estimated value of $69.7 billion in 2010. The 23.1 metric tons coming through the Port of Charleston had an estimated value of more than $50.1 billion. In terms of trade value, Charleston ranks eighth among the top 10 seaports handling cargo in the United States, two behind Savannah, and ahead of Philadelphia and Norfolk, Va.
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50 2011 Market Facts | www.charlestonbusines s.com
Port of Charleston Activity..................................52 Port of Charleston Top 20 Import Commodities..........................................52 Port of Charleston Top 20 Export Commodities...........................................52 Port of Charleston Top 10 Export Destinations............................................53 Port of Charleston Top 10 Import Countries of Origin..................................53 Top 10 U.S. Seaport Districts, by Dollar Value of Goods Handled (in millions)............................53 U.S. Waterborne Container Imports by U.S. Custom Ports in Metric Tons – Southern Ports...................................................54 U.S. Waterborne Foreign Container Trade by U.S. Custom Ports in Metric Tons – Southern Ports...................................................55
Real Estate
Import/export & distribution
Port of Charleston TEU Container Volume (2009, 2010) – 2009
– 2009
130,000
Financial Services
125,000 120,000
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115,000
Government
52
32.2%
110,000
1,364,501
June saw the greatest increase, year over year.
105,000
2010 total
100,000
1,181,357
95,000
2009 total
90,000
15.5%
Total increase in volume
85,000 Jan.
Feb.
March
April
May
June
July
August
Sept.
Oct.
Nov.
Dec.
Source: S.C. State Ports Authority
Port of Charleston Top 20 Import Commodities 2010 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Commodity Petroleum, refined Gasoline Cast iron, pig iron Iron filings, ore, pellets Aluminum oxide Mill, soap, wonder, crude stones Automobile, motor vehicle parts Fuel coal, fly ash Furniture, fixtures Braid, canvas, cloth, fabric, textiles Waste, scrap iron and steel Miscellaneous Curtain, drape, linen, sheet, towel Carbon, crepe stationery paper Dry form, natural rubber Bulk sodium chloride Limestone chips, crushed, ground Tires, tubes Metalized yarn Potassium chloride, muriate or potash Total Top 20 Import Commodities Total Imports
Metric Tons 833,742.81 832,117.82 437,333.19 385,637.35 367,529.03 337,979.28 322,608.72 215,276.56 165,721.90 155,181.21 147,935.30 146,378.70 127,374.49 111,371.83 107,211.01 95,977.30 87,090.12 84,962.37 77,959.90 70,921.63 5,110,310.50 13,986,353.06
Source: PIERS Global Intelligence Solutions, www.piers.com
52 2011 Market Facts | www.charlestonbusines s.com
Percentage 9.39 9.37 4.93 4.34 4.14 3.81 3.63 2.43 1.87 1.75 1.67 1.65 1.44 1.25 1.21 1.08 0.98 0.96 0.88 0.80 57.57 100.00
Port of Charleston Top 20 Export Commodities 2010 Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Commodity Carbon, crepe stationery paper Cellulose, chem wood, sulfite pulps Benzenoid: di and polyacids Miscellaneous Automobiles, motor vehicles, trailers Fowl, poultry Logs, lumber, wood Miscellaneous resins and additives Chemicals Braid, canvas, cloth, fabric, textiles Metal concentrates, residue, scrap Steel cast, forge, ingots, rods, slabs Saturated polyester resins Automobile, motor vehicle parts Waste, scrap, butyral, foam, plastic Flower, plastic foam, tile plasticware Float glass, plate glass Fiber, staple, synthetic, plastic Foodstuffs, pastes, sauces, soups Titanium dioxide Total Top 20 Export Commodities Total Exports
Source: PIERS Global Intelligence Solutions, www.piers.com
Metric Tons 895,910.40 465,707.51 281,233.61 207,461.49 195,668.19 184,376.04 172,458.46 163,589.31 146,343.79 140,859.70 122,246.61 96,825.16 94,599.82 89,069.36 73,825.57 61,497.79 60,280.05 56,146.73 53,350.71 51,267.44 3,612,717.75 9,175,274.49
Percentage 16.11 8.37 5.06 3.73 3.52 3.31 3.10 2.94 2.63 2.53 2.20 1.74 1.70 1.60 1.33 1.11 1.08 1.01 0.96 0.92 64.95 100.00
Import/export & distribution
Country Netherlands Belgium Germany People’s Republic of China Republic of South Africa Brazil Brazil Argentina India Oman
Metric Tons 323,831.74 235,983.68 232,758.79 194,568.88 147,551.87 120,379.63 109,716.25 108,354.78 98,536.38 96,235.30
Top 10 Seaport Districts in Dollar Value of Goods Handled, 2010 (in millions)
Top 10 Import Countries of Origin 2010
Source: PIERS Global Intelligence Solutions, www.piers.com
Metric Tons 855,816.98 819,235.45 758,998.74 653,271.03 505,882.41 443,458.59 401,318.25 367,106.98 353,104.43 313,566.26
Port District Los Angeles/Long Beach, Calif. Houston/Galveston, Texas New York/New Jersey New Orleans Seattle/Tacoma, Wash. Savannah San Francisco/Oakland, Calif. Charleston Philadelphia Norfolk/Hampton Roads, Va.
Imports $269,459.9 $105,899.5 $128,480.0 $71,509.8 $57,934.6 $42,744.6 $37,883.7 $30,823.6 $34,711.8 $28,435.0
Exports $66,646.4 $86,067.4 $47,309.6 $42,412.5 $19,187.3 $27,011.4 $18,814.1 $19,362.1 $14,451.0 $20,644.2
Total $336,106.3 $191,966.9 $175,789.6 $113,922.3 $77,121.9 $69,756.0 $56,697.8 $50,185.7 $49,162.8 $49,079.2
Source: U.S. Census Bureau Trade Data Branch Report FT920
Medical & Health Care
,FLK?<8JK ,LGGCP ?8@E '<NJ N<<BCP <D8@C :FM<IJ K?< C8K<JK E<NJ 8E; @DGFIK8EK GC8P<IJ @E K?< GFIKJ ;@JKI@9LK@FE 8E; D8EL=8:KLI@E> J<:KFIJ K?8K ;<:@J@FE‡D8B<IJ 8CFE> K?< <EK@I< JLGGCP :?8@E I<CP LGFE =FI KI<E; N8K:?@E> 8E; ;<:@J@FE D8B@E> ,FLK?<8JK ,LGGCP ?8@E '<NJ I<8:?<J K?@J K8I><K<; 8L;@<E:< 8E; GIFM@;<J K?< @;<8C D8IB<K@E> GC8K=FID =FI PFLI :FDG8EPnJ D<JJ8><
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Import/export & distribution
,FLK?<8JK ,LGGCP ?8@E '<NJ )(+-, & '. -.+"'
Education
Country People’s Republic of China Virgin Islands Germany Canada Trinidad and Tobago Brazil United Kingdom India Netherlands Russia
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Rank 1 2 3 4 5 6 7 8 9 10
Nation’st Larges Port
Demographics
Ultimate Port Rotterdam Antwerp Bremerhaven Shanghai Durban Santos Suape Buenos Aires Nhava Sheva Salalah
Financial Services
Rank 1 2 3 4 5 6 7 8 9 10
Real Estate
Top 10 Export Destinations 2010
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8CC <EE<KK )8IBJ 8K FI <D8@C 9G8IBJ@J:9@QE<NJ :FD =FI DFI< @E=FID8K@FE www.charlestonbusiness.com | 2011 Market Facts
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INTEGRATED SOLUTIONS
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At Kontane Logistics, we have the assets, certification, experience and flexibility to develop client aligned supply chain solutions. Via vested collaboration with our partner customers, we create value in
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customer attuned logistics’ platforms.
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U.S. Waterborne Imports by U.S. Custom District (Metric Tons)
“Our innovative and time tested solutions will help you solve your unique logistics challenges”
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North Carolina 704-405-4530 South Carolina 843-352-0011 Texas 877-856-2476
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U.S. Custom District Houston/Galveston New Orleans Los Angeles New York Philadelphia Port Arthur, Texas Mobile, Ala. San Francisco British Virgin Islands Tampa, Fla. Boston Seattle Savannah Baltimore Norfolk, Va. San Juan, Puerto Rico Miami Charleston Honolulu Cleveland Portland, Maine Columbia-Snake River, Ore. Providence, R.I. Wilmington, N.C. Detroit Chicago Anchorage, Alaska Laredo, Texas Milwaukee San Diego Buffalo, N.Y. Minneapolis Duluth, Minn. Ogdensburg, N.Y. Pembina, N.D. Washington, D.C. St. Louis Total
2007 2008 2009 2010 185,657,542 182,336,084 164,378,874 170,066,689 167,457,819 154,031,638 121,454,422 131,638,663 90,143,232 81,595,996 67,705,239 75,961,386 69,116,390 67,345,198 58,626,529 61,057,906 72,006,035 67,086,988 55,766,451 51,047,988 52,889,979 49,906,366 45,963,622 49,861,164 39,420,919 39,450,545 34,287,027 33,673,183 32,465,158 33,308,880 26,631,892 26,931,592 21,179,925 20,573,332 17,627,451 17,877,347 24,419,650 22,095,841 15,855,666 17,197,756 21,910,771 19,926,039 18,271,478 16,917,133 22,607,473 19,050,977 15,713,125 16,624,700 21,238,458 18,263,553 15,177,903 16,163,566 17,708,620 16,298,030 11,018,417 13,828,883 13,774,392 13,572,206 10,207,117 10,552,006 14,860,257 12,597,139 10,436,127 10,193,916 13,430,567 10,762,106 9,027,439 9,479,134 12,694,057 10,955,732 7,542,450 8,446,796 9,131,463 7,955,879 7,542,510 7,062,138 7,829,567 7,649,760 5,023,696 6,872,297 7,366,549 6,966,303 6,745,879 6,167,811 7,836,652 6,628,048 4,048,070 5,439,782 4,201,972 4,867,666 3,719,417 4,221,389 4,915,762 4,359,607 3,933,998 4,199,412 4,544,289 4,620,984 4,358,892 3,572,560 3,522,740 3,212,607 2,668,774 2,512,693 1,387,272 932,811 1,279,843 1,288,890 883,741 1,366,424 1,197,142 1,086,630 1,946,267 1,561,548 1,815,156 1,027,183 1,928,920 1,319,407 811,956 887,880 881,774 876,518 522,071 805,264 384,059 463,826 405,963 342,596 20,436 81,055 103,496 137,578 87,160 112,223 84,836 110,910 387 359 1,635 356 256 182 70 141 37,880 931 0 0 949,888,390 892,132,785 749,954,634 783,255,315
Source: U.S. Department of Transportation Maritime Administration
54 2011 Market Facts | www.charlestonbusines s.com
Import/export & distribution Real Estate Financial Services Demographics
U.S. Waterborne Exports by U.S. Custom District (Metric Tons) 2007 94,979,617 67,759,426 37,603,525 29,229,781 27,413,657
2008 96,410,529 72,734,261 42,828,187 38,443,425 32,002,478
28,564,401 20,333,222 20,147,609 17,372,791 16,405,871 15,963,304 15,521,291 11,885,273 9,756,099 6,270,254 5,973,639 4,860,638 4,246,894 3,459,890 3,395,500 3,378,543 2,602,189 2,493,870 1,917,348 1,842,132 1,113,036 964,833 531,519 467,012 466,744 378,195 183,555 75,270 56,480 20,007 694 0 521,679,459
Import/export & distribution Hospitality & Tourism Medical & Health Care Business Resources
55
Government
27,537,922 19,210,329 16,998,484 14,565,799 15,255,187 9,267,292 13,957,851 11,296,885 9,490,709 5,131,036 5,615,508 1,012,089 3,865,222 3,257,574 2,457,375 4,836,806 1,191,041 2,185,295 2,213,359 1,114,032 1,238,127 607,979 388,695 477,991 829,375 518,298 110,673 62,548 2,854 17,385 123 0 452,062,854
Education
24,837,523 29,333,705 18,059,378 21,435,143 14,846,135 17,664,543 14,184,811 16,322,258 10,744,094 14,404,173 10,102,180 13,651,897 9,516,202 10,587,021 17,550,324 22,309,685 3,649,571 8,445,691 7,062,353 6,879,694 5,571,139 5,998,266 6,202,910 6,296,668 3,678,217 3,672,828 4,226,646 4,240,470 1,921,516 3,918,362 4,059,861 5,344,562 4,115,596 1,481,019 1,173,988 1,907,797 1,817,801 2,233,316 1,041,310 1,291,851 1,652,548 1,510,964 689,029 627,257 556,978 456,027 636,447 583,295 35,480 540,727 610,596 655,899 244,839 101,715 214,279 52,459 25,874 1,989 26,968 25,168 240 1,620 2,384 1,579 426,043,225 484,396,526
2009 2010 96,781,538 112,042,722 79,616,102 92,730,373 39,445,532 43,729,322 35,237,159 39,143,728 26,268,668 33,385,207
Employment & Economic development
U.S. Custom District New Orleans Houston/Galveston Los Angeles Norfolk, Va. Columbia-Snake River, Ore. Seattle New York Mobile, Ala. Savannah San Francisco Baltimore Port Arthur, Texas Detroit Tampa, Fla. Charleston Miami Buffalo, N.Y. Anchorage, Alaska Cleveland British Virgin Islands Philadelphia Minneapolis Wilmington, N.C. Boston Ogdensburg, N.Y. San Juan, Puerto Rico Portland, Maine Providence, R.I. Honolulu Duluth, Minn. Chicago Laredo, Texas Milwaukee Washington, D.C. San Diego Pembina, N.D. St. Louis Total
Source: U.S. Department of Transportation Maritime Administration
www.charlestonbusiness.com | 2011 Market Facts
55
Photo/Ryan Wilcox
Hospitality & Tourism
C
harleston-area hotels made a comeback in the past year, with occupancy rates across the region seeing an increase of 9.6%. Tourists also spent more per day on average. The College of Charleston’s Office of Tourism Analysis reported a 1.7% drop in the average daily room rate in Charleston County overall, but hotels on the peninsula saw a 0.7% increase in prices. Though Charleston still ranks relatively low in the number of cruise ship visits, that number is growing — Carnival Cruise Lines made Charleston the home port for its Fantasy cruise ship in 2010. The S.C. State Ports Authority and the city of Charleston have joined efforts to support the cruise industry by working with businesses and keeping residents informed about incoming and departing ships. Last year, nearly 70 cruise ships visited Charleston, but the city still ranked next-to-last in cruise volume for Southern ports with passenger terminals. Plans for a new passenger terminal for visiting and departing cruise ship passengers also is expected to reclaim a section of Charleston’s waterfront and turn it into a public space much like the popular Waterfront Park.
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56 2011 Market Facts | www.charlestonbusines s.com
2012 PGA Championship Economic Impact.......................................... 58 Charleston International Airport Passenger Activity......................................... 58 Average Cost Per Flight................................. 58 Cruise Passengers by Departure Port – North American Southern Ports .................... 59 Total Vessel Cruise Calls, Charleston............. 59 Top Origin States of Visitors.......................... 60 Average Expenditures in Charleston.............. 60 Charleston County Accommodations Occupancy Trends......................................... 61 Charleston Region Tourism Overview............ 62 Monthly Hotel Occupancy Reports – Charleston County........................................ 63 Charleston Region 2% Accommodations Tax Revenue Distribution, Full Fiscal Year 2010-2011........................... 63
Real Estate
H o s p i ta l i t y & T o u r i s m
2012 PGA Championship Economic Impact Island, is expected to make a $193 million economic impact on South Carolina, with direct and indirect spending and media exposure. The event is estimated to be viewed in roughly 200 countries and 570 million households.
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Photo/Ryan Wilcox
$193 million
Demographics
Financial Services
The 2012 PGA Championship, being held at the Ocean Course on Kiawah
Charleston International Airport Passenger Activity
total economic impact
$26 million
Year Enplaned Deplaned
$92 million
Labor income, which supports 832 jobs.
2001............... 794,371................799,310
Direct spending by 50,278 visitors.
2002............... 791,341................805,768 2003............... 804,134................812,121
$75 million
2004............... 912,604................915,933 2005............ 1,073,309.............1,069,668
Value of estimated media exposure expected to come from more than 154 hours of TV coverage.
2006............... 943,305................934,326 2007............ 1,140,765.............1,133,715 2008............ 1,170,909.............1,163,438 2009............ 1,096,605.............1,093,646 2010............ 1,012,183.............1,009,145 2011............... 592,974................596,286 Note: 2011 Information includes January-June activity. Source: PGA of America
Source: Charleston County Aviation Authority
Average Cost Per Flight, 2010 $460 $440
$33i9on.7al1
$420
Since Southwest initiated service in March 2011, ticket prices have fallen and passenger volume is up more than 30% at Charleston International Airport (CHS).
Nat e Averag
$400
CHS’s planned 2012 terminal expansion will: • Double the size of Concourse A • Significantly expand Concourse B • Add a third carousel in baggage claim • Add more seating, shops, restaurants and restrooms
$380
Business Resources
$360
Government
58
$340 $320 $300
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58 2011 Market Facts | www.charlestonbusines s.com
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This graphic was originally featured in the 2011 Regional Economic Scorecard, produced by the Charleston Regional Development Alliance. To view the full report scan the QR code to the left or go to: tinyurl.com/3pvfggr
H o s p i ta l i t y & T o u r i s m
Plans are in the works for a new passenger terminal (rendering at left). The S.C. State Ports Authority has voluntarily committed to a maximum of 104 ships a year and only one ship docked at a time.
70
2,000,000
65
1,800,000
60
1,600,000
Demographics
55
1,400,000
50 45
1,000,000
40
800,000
35
600,000
30
400,000
25
200,000
20
0 M
i iam
le,
,
ral
e av
. Fla
a,
mp Ta
. Fla w Ne
Or
le
s an
e,
bil
Mo
. Ala
s
rle
a Ch
n to
lk
rfo
No
a. ,V
15 10 5
Source: U.S. Department of Transportation Maritime Administration
Sources: S.C. State Ports Authority
0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Import/export & distribution
n ud Ca La rt t r o P Fo Note: The cruise passenger statistics include more than 14 major cruise lines that offer North American cruises with a U.S. port of call.
Education
a erd
. Fla
Employment & Economic development
1,200,000
Financial Services
2,200,000
Total Cruise Vessel Calls, Charleston
Real Estate
Cruise Passengers by Departure Port, North American, Southern Ports, 2010 (000s)
Hospitality & Tourism Medical & Health Care Business Resources Government
95
www.charlestonbusiness.com | 2011 Market Facts
59
Real Estate
H o s p i ta l i t y & T o u r i s m
Average Expenditures by Visitors in Charleston (2009, 2010) – 2009
– 2010
Accommodations Dining/Food Local Transportation
Financial Services
8
Tours/Attractions Shopping
9
7 1 6 2 4
3
Other Expenses
Expediture per Person per Day
Top Origin States of Visitors 1. North Carolina 2. South Carolina 3. Florida 4. Georgia 5. Ohio 6. Tennessee 7. Virginia 8. New York 9. Illinois 10. New Jersey
0
$20
$40
$60
$80 $100 $120 $140 $160 $180
Source: Office of Tourism Analysis, College of Charleston
Source: Office of Tourism Analysis, College of Charleston
Import/export & distribution Hospitality & Tourism Medical & Health Care Business Resources Government
60
10
5
Education
Employment & Economic development
Demographics
2
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60 2011 Market Facts | www.charlestonbusines s.com
___ NZIVKQ[UIZQWVKPIZTM[\WV KWU
H o s p i ta l i t y & T o u r i s m
Average Occupancy
Average Daily Rate*
74%
$170
Real Estate
Charleston County Occupancy Trends (Hotel, Motel, Inn and Bed & Breakfast)
9.6%
72%
$160
68%
$140
66%
$130
64%
$120
62%
$110
-1.7%
60%
Decrease in average daily rate
$100 $90
56%
$80
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
*Room nights sold determined by room inventory x total month days x % occupied
Import/export & distribution
Source: Center for Business Research, Charleston Convention & Visitor Bureau
Education
58%
Employment & Economic development
$150
Demographics
70%
Financial Services
growth in average occupancy
Hospitality & Tourism Medical & Health Care Business Resources Government
16
www.charlestonbusiness.com | 2011 Market Facts
61
Real Estate
H o s p i ta l i t y & T o u r i s m
Charleston Region Tourism Overview 2010 Hotel/Motel Inventory 1,302
3,356
Berkeley County
Peninsula of Charleston
781
Dorchester County
To hospit ustry e h t of ism ind tour 2010
1,018
1,594
Beach Properties
Charleston/West of the Ashley River (including West Islands)
2,149
East of the Cooper River (Mount Pleasant and East Islands)
Employment & Economic development
Demographics
Financial Services
ionact l l i B 3 $3t.a0l economic aimplity &
6,795
Education
Total Lodging Sales
North Charleston Area
$550M $500M
2010 Lodging Sales by County $18,701,906 $5,457,273
Import/export & distribution
$450M $400M
Berkeley County
Dorchester County
$350M
$1.1 Billi
on
$300M $250M
Hospitality & Tourism
$200M
$464,920,311
$150M
Charleston County
$100M $50M $0 2005
Medical & Health Care
Earnings & touris of hospitality m charles jobs in the ton Reg 2010 ion
2006
2007
2008
2009
2010
Annual Number of Visitors 4,330,000
4,350,000 4,300,000
Business Resources
4,250,000
4,210,000
4,200,000 4,150,000 4,100,000
4,120,000 4,060,000
4,050,000 Government
62
3,930,000
4,000,000 3,950,000 3,900,000
2005
2006
Source: Office of Tourism Analysis, College of Charleston
62 2011 Market Facts | www.charlestonbusines s.com
2007
2008
2009
H o s p i ta l i t y & T o u r i s m
2009 Totals
Charleston Region 2% Accommodations Tax Revenue Distribution
2010 Totals
Peninsula Area Room Nights Sold Changes in Room Nights from ’08
-5.4% Changes in Room Nights from ’09 69.92% % Occupied
Changes in Occupancy from ’08 Average Daily Rate Changes in ADR from ’08
-5.1% Changes in Occupancy from ’09 $148.64 Average Daily Rate -1.5% Changes in ADR from ’09
928,444 8.0% 75.64% 8.2% $149.67 0.7%
West of the Ashley Room Nights Sold % Occupied
-1.3% Changes in Room Nights from ’09 66.10% % Occupied
Changes in Occupancy from ’08
-6.2% Changes in Occupancy from ’09
Average Daily Rate
$92.00 Average Daily Rate
Changes in ADR from ’08
-10.0% Changes in ADR from ’09
401,432 4.2% 68.95% 4.3% $90.57 -1.6%
Room Nights Sold Changes in Room Nights from ’08
1,432,544 Room Nights Sold -9.2% Changes in Room Nights from ’09
1,674,482 16.9%
% Occupied
58.11% % Occupied
Changes in Occupancy from ’08
-11.5% Changes in Occupancy from ’09
15.7%
Average Daily Rate
$89.74 Average Daily Rate
$90.80
Changes in ADR from ’08
-6.2% Changes in ADR from ’09
67.21%
1.2%
Room Nights Sold
447,211 Room Nights Sold
Changes in Room Nights from ’08
-14.3% Changes in Room Nights from ’09
% Occupied
56.83% % Occupied
Changes in Occupancy from ’08 Changes in ADR from ’08
-17.3% Changes in Occupancy from ’09 $104.17 Average Daily Rate -6.4% Changes in ADR from ’09
5.8% 60.10% 5.8% $104.32 0.1%
County Total Room Nights Sold Changes in Room Nights from ’08 % Occupied
3,415,909 Room Nights Sold -7.8% Changes in Room Nights from ’09 62.86% % Occupied
Changes in Occupancy from ’08 Changes in ADR from ’08
-9.6% Changes in Occupancy from ’09 $115.33 Average Daily Rate -4.3% Changes in ADR from ’09
Source: Charleston Convention & Visitors Bureau
10.1% 68.87% 9.6% $113.37 -1.7%
*Denotes a municipality that might have received revenue in more than one county
Hospitality & Tourism
Average Daily Rate
3,759,973
Import/export & distribution
Average Daily Rate
472,951
Education
East of the Cooper
Amount Allocated 2010-2011 $414,399.80 $86,024.62 $123.05 $67,297.25 $37,404.26 $13,328.28 $18.19 $41,540.20 $6,134.55 $162,529.40 $8,808,750.38 $353,632.54 $3,274,890.70 $402,593.59 $3,204.33 $1,172,736.71 $1,039,783.16 $127.60 $798,533.35 $1,651,903.55 $150.82 $97,287.54 $12,995.38 $517.04 $155,253 $63,600.82 $1,715.08 $7,080.55 $72.51 $732.14 $53,985.54 $28,066.36
Employment & Economic development
North Charleston Area
2009-2010 $395,774.45 $81,879.98 $103.32 $58,226.19 $34,200.97 $12,784.22 $28.31 $40,685.08 $7,156.61 $160,709.77 $7,660,088.88 $79,457.02 $2,999,882.22 $357,821.13 $3,227.00 $1,064,593.32 $937,694.60 $1,212.80 $702,974.98 $1,422,837.29 $159.19 $79,828.75 $10,400.58 $$144,679.53 $54,747.64 $2,482.52 $1,511.71 $89.44 $741.85 $60,051.08 $25,055.29
Demographics
Changes in Room Nights from ’08
385,350 Room Nights Sold
Local Government Entity Berkeley County Area Berkeley County Bonneau Charleston* Goose Creek Hanahan Jamestown Moncks Corner St. Stephen Summerville* Charleston County Area Charleston County 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*
Financial Services
% Occupied
859,384 Room Nights Sold
Real Estate
Monthly Occupancy Reports – Charleston County
Source: S.C. State Treasurer’s Office
Medical & Health Care
4,220,000 Business Resources Government
36
2010 www.charlestonbusiness.com | 2011 Market Facts
63
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
m e d i c a l & h e a lt h c a r e
Medical & Health Care
A
Employment and Earnings for Health Professionals in the Charleston Region.................................66
fter a year of new construction for several area hospital systems in East Cooper, more growth is on the horizon, with plans by Roper St. Francis Healthcare and Trident Health System to open medical facilities in Berkeley County. Summerville Medical Center, which is affiliated with Trident, also has plans to add 30 beds to its 94-bed facility. But controversy between Roper and Trident persists as there has been ongoing opposition to all of the proposed plans. The Medical University of South Carolina also has expansion plans, with two new research buildings — the drug discovery building and the bioengineering building — set to open on campus next year. MUSC reported more than $238 million in research funding for the recently ended fiscal year. Demographically, most people show up at area hospitals to have babies. Births account for the No.1 reason patients go to the hospital in Berkeley, Charleston and Dorchester counties. Major joint replacements, cesarean sections and chest pains also are common reasons for inpatient care. Heart disease and cancer are the top two causes of death in all three counties, with accidents, kidney disease and Alzheimer’s disease also ranking high. Thousands of medical professional are employed in the Charleston area, with fewer than 1,000 physicians and nearly 9,000 nurses.
% of Children Without Health Insurance Coverage...............................67
This section is sponsored by:
Hospital Acquired Infections...................69
Government
64
64 2011 Market Facts | www.charlestonbusines s.com
Total Population with Health Insurance....................................67 Total Population without Health Insurance....................................67 Medical Market Report...........................67 Percentage of Adults Overweight and Obese by County.............................68 Top 10 Leading Causes of Death by County..............................................68 Top 10 Reasons for Inpatient Hospitalization by County.......................69
Knowing where to find South Carolina’s most advanced health care could change your life. So could not knowing.
At an academic medical center like the Medical University of South Carolina, you get more than a great doctor. You get the combined thinking of a whole team of medical specialists and the expertise of one of America’s most respected hospitals. Our Hollings Cancer Center is one of just a few in America designated by the National Cancer Institute. We’re among the top-ranked hospitals in National Institutes of Health research funding for neuroscience. And our Heart & Vascular Center is considered one of the nation’s best. MUSC is helping South Carolinians by improving the outcomes for these diseases. For thousands of families every day, we’re changing what’s possible. To learn more, visit: MUSCchangingwhatspossible.org. @MUSChealth
facebook.com/ MUSCCharleston
Changing What’s Possible In Health Care.
Real Estate
m e d i c a l & h e a lt h c a r e
Employment and Earnings for Health Professionals in the Charleston Region (May 2010) Mean Annual Salary
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Financial Services
Dentists, General Physicians and Surgeons, All Other Pharmacists
Employment & Economic development
Demographics
Optometrists Physician Assistants Physical Therapists Registered Nurses Occupational Therapists Dental Hygienists Respiratory Therapists Physical Therapist Assistants
Licensed Practical and Licensed Vocational Nurses
Employment Source: U.S. Bureau of Labor Statistics
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Occupational Therapy Assistants
Government
66
66 2011 Market Facts | www.charlestonbusines s.com
m e d i c a l & h e a lt h c a r e
State Percent Nevada...................................... 17.8 Florida....................................... 14.8 Alaska....................................... 13.6 Montana.................................... 12.9 Arizona...................................... 12.0 Idaho......................................... 11.2 Oklahoma.................................. 11.2 Georgia...................................... 10.9 Oregon...................................... 10.4
20%
88%
19%
87%
18%
86%
17%
85%
16%
U.S.
84% S.C.
14%
82%
13%
81%
12%
80%
11%
79%
10%
h n y. a. n. C. as la. lle en d, V , N. n, K nvi e, F esto anna Tex T e l , o h n , l l t v i e r ille hmo leig ing Sa ustin Gr onv ha a x xv C c s e R o i A k L R c Kn Ja
h n y. a. n. C. as la. lle en d, V , N. n, K nvi e, F esto anna Tex T e l , o h n , l l t v i e r ille hmo leig ing Sa ustin Gr onv ha a x xv C c s e R o i A k L R c Kn Ja
This graphic was originally featured in the 2011 Regional Economic Scorecard, produced by the Charleston Regional Development Alliance. To view the full report, scan the QR code to the left or go to: tinyurl.com/3pvfggr
Colorado.................................... 10.2 South Carolina......................10.0
U.S.
15%
83%
Utah.......................................... 10.3
S.C.
Source: U.S. Census Bureau, American Community Survey
California..................................... 9.5 Wyoming..................................... 9.0 United States............................... 8.6 Kansas........................................ 8.2 North Carolina.............................. 8.2 Survey: U.S. Census Bureau,
Total SF 1,901,087 1,393,275 2,689,655
Vacant SF 128,779 208,991 246,103
Occupied Space 1,772,308 1,184,284 2,443,562
Rate $18 - $24 $16 - $22 $17 - $25
Average Rent $22 $20 $21
Source: NAI Avant; NAI Earle Furman
All inclusive vaccinations (H1N1, H3N2 and Influenza B)
Convenient, on-site Flu Clinics
Medical & Health Care
Professional Registered Nurses
Hospitality & Tourism
Don’t forget to schedule your Corporate Flu Clinic!
Import/export & distribution
2009 American Community Survey
City Columbia Greenville Charleston
Education
Indiana........................................ 8.8
Medical Office Market Report (Midyear 2011)
Employment & Economic development
Mississippi................................. 10.3
89%
Demographics
New Mexico............................... 11.4
Total Population With Health Care Insurance Coverage, 2009
Financial Services
Texas......................................... 16.3
Total Population With Health Care Insurance Coverage, 2009
Real Estate
% of Children Without Health Insurance Coverage (under 18)
Business Resources www.charlestonbusiness.com | 2011 Market Facts
Government
Call (843) 820-3322 www.palmettoprimarycare.com/corporate-services
76
67
68
el
na
Business Resources
Ch
alig
so f th y eh nt ron ea ne ic l o pla rt ow s er ms res Ac Ne cid ) pir Ce ph e a reb riti s, n rov tory d nts asc ise ep hro a ula tic r d se ise syn Diab et as dro me es m e e an llit Su icid Alzh d nep us eim hro e( int en er’s d sis tio is na l se ease lf-h CHA arm S RLESTON epticem ) ia Ca nce co r (m un alig n Dis ant n ty eas eop Ce reb es of lasm rov s t asc he h ) Ch ear ron ula t ic l rd ow ise er a res Ac se Ne c pir ph ato iden riti Alz t ry s, n he dis s ep i e m hro a er’ tic s d se syn Diab ise e a d Su icid rome tes m se e( e llitu int and s en tio neph na ros l is sel Do f-h rc a r m) Se he pti cem st ia er Ca co nce r (m un alig ty n Dis ant n eas e Ch es oplas ron o f ic l the ms) ow he er res Ac art c p Ce reb irato ident s ry rov Ne asc dise ph riti a ul s s, n Dia ar dis e ep b e hro ete ase Al tic s syn zheim mell itu dro Su er s Ch icide me a ’s dis ron e (in n ase d t ic l ive entio neph na r rd osi l ise ase self-h s a an d c rm) irrh osi s
Ca
ey c nce Dise ou nt r (m ase
be rk
Government
Medical & Health Care
Hospitality & Tourism
Import/export & distribution Education
Employment & Economic development
Demographics
Financial Services Real Estate
m e d i c a l & h e a lt h c a r e
Percentage of Adults Overweight and Obese by County, 2009
2004
250
200 215
100 79
50 69
2007
< 50% 50-54%
700
600
186
150 151
67 40 35 30 19 17
68 2011 Market Facts | www.charlestonbusines s.com
2009
55-59% 60-64%
96 81 48
65-69%
169
75 64
70% +
*The synthetic method is the method used to ascertain county numbers: Small area estimation using surrounding counties if the sample size requirements are not met by the individual counties.
Note: Definition of overweight or obese: Body Mass Index ≥ 25
Source: S.C. Behavior Risk Factor Surveillance System
Top 10 Leading Causes of Death by County, 2008 (Crude mortality rate per 100,000)
686
650
550 577
500
450
400
350
300
205 177
146
39 61
Source: S.C. Department of Health and Environmental Control’s S.C. Community Assessment Network; generated by chronic disease epidemiology and evaluation 53 28 18 16 13 11
m e d i c a l & h e a lt h c a r e
Berkeley County 1 2 3
Dorchester County 1 2 3
Charleston County
Total # Procedures
Total # Infections
% Lower SIR
% Not Different SIR
% Higher SIR
93.75%
6.25%
Coronary artery bypass graft (chest incision)
12
293
1
0%
33.33%
0%
Hysterectomy (abdominal) Hip prosthesis – replacement Knee prosthesis – replacement Colon surgery Central Line Locations
49 53 50 34
5,337 6,684 10,394 1,246
44 81 69 36
0% 0% 0% 0%
75.51% 73.58% 82% 58.82%
2.04% 5.66% 6% 5.88%
All adult inpatient units
62
247,473
329
4.84%
82.26%
1.61%
Adult critical care units Pediatric Inpatient Pediatric critical care unit
52 16
134,929 9,833
228 10
7.69% 6.25%
84.62% 56.25%
5.77% 0%
5
7,371
11
20%
80%
0%
Inpatient rehab unit Long-term acute care Hematology/oncology unit
16 7 8 3 1
12,804 50,279 35,566 6,378 810
14 77 53 15 0
0% 0% 25% 0% 0%
87.5% 100% 75% 100% 100%
6.25% 0% 0% 0% 0%
Pediatric hematology/oncology unit Bone marrow transplant unit
N/A *Eight hospitals (66.67%) had too few procedures to calculate statistical percentage Eleven hospitals (22.45%) had too few procedures Eleven hospitals (20.75%) had too few procedures Six hospitals (12%) had too few procedures Twelve hospitals (35.29%) had too few procedures Seven hospitals (11.29%) had too few central line days to calculate a statistical percentage One hospital (1.92%) had too few central line days Six hospitals (37.5%) had too few central line days N/A One hospital (6.25%) had too few central line days N/A N/A N/A N/A
SIR=Standardized Infection Ratio for all hospitals reporting SIR Interpretation: Statistically lower than the standard population; statistically not different from the standard population; statistically higher than the standard population *Small numbers of procedures of 20 or fewer are not reported to protect confidentiality. Source: S.C. Department of Health and Environmental Control 2010 summary data for HAI Comparison Report
www.charlestonbusiness.com | 2011 Market Facts
96
Government
0%
Business Resources
29
Medical & Health Care
3,930
Surgical Procedures Coronary artery bypass graft (chest and donor incision)
Comments*
Hospitality & Tourism
16
Hospital Acquired Infections
Import/export & distribution
# Hospitals Performing Procedure
Note: Includes Acute Care Hospitals, Excludes Newborns Source: S.C. Budget and Control Board, Office of Research & Statistics
Education
1 Vaginal delivery without complications..................................2,598..........7.40% 2 Psychoses.............................................................................1,040..........2.90% 3 Major joint replacement or reattachment of lower extremity without complications............................................1,008..........2.90% 4 Cesarean section without complications...................................988..........2.80% 5 Cesarean section with complications.......................................645..........1.80%
Employment & Economic development
Vaginal delivery without complications.....................................891..........6.60% Cesarean section without complications...................................442..........3.30% Major joint replacement or reattachment of lower extremity without complications ..............................................373..........2.80% 4 Esophagitis, gastroenteritis and miscellaneous digestive disorders without complications...............................................369..........2.70% 5 Uterine and adnexa procedure for nonmalignancy without complications..............................................................286..........2.10% 6 Psychoses................................................................................250..........1.90% 7 Chest pain................................................................................237..........1.80% 8 Cesarean section with complications.......................................192..........1.40% 9 Cervical Spinal Fusion without complications...........................178..........1.30% 10 Spinal fusion except cervical without complications.................166..........1.20%
Demographics
Vaginal delivery without complications..................................1,187..........8.00% Cesarean section without complications...................................514..........3.50% Major joint replacement or reattachment of lower extremity without complications..............................................................390..........2.60% 4 Uterine and adnexa procedure for nonmalignancy without complications....................................................................338........... 2.30% 5 Esophagitis, gastroenteritis and miscellaneous digestive disorders without complications..........................................................................279..........1.90% 6 Cesarean section with complications.......................................277..........1.90% 7 Chest pain................................................................................242..........1.60% 8 Red blood cell disorders without complications........................232..........1.60% 9 Psychoses................................................................................218..........1.50% 10 Cellulitis without complications................................................193..........1.30%
Financial Services
Percent Rank Diagnosis Related Group Name Discharges of Total 6 Rehabilitation with complications.............................................602..........1.70% 7 Esophagitis, gastroenteritis and miscellaneous digestive disorders without complications..............................................................594..........1.70% 8 Red blood cell disorders without complications........................580..........1.60% 9 Uterine and adnexa procedure for nonmalignancy without complications..............................................................517..........1.50% 10 Vaginal delivery with complications..........................................516..........1.50%
Percent Rank Diagnosis Related Group Name Discharges of Total
Real Estate
Top 10 Reasons for Inpatient Hospitalization by County, 2010
69
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
Business resources
Business Resources
W
hether you’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.............. 72 Business Assistance.................... 72 Miscellaneous Business Directory....................... 74 Economic Development............... 76 Human Resources........................ 76
Business Resources
This section is sponsored by:
Government
70
70 2011 Market Facts | www.charlestonbusines s.com
Technology.................................. 76 Financial Assistance.................... 77
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Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
Business resources
Government
72
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 Toll Free: 800-882-0337 www.berkeleysc.org Supports more than 400 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 4500 Leeds Ave., Suite 100 North Charleston, SC 29405 Mailing address: P.O. Box 975 Charleston, SC 29402-0975 843-577-2510 www.charlestonchamber.net Serves to advance the region’s economy, improve the quality of life and ensure the success of each member. Affiliate organizations include Charleston Young Professionals, The Education Foundation, World Trade Center Charleston and Center for Business Research. Greater Summerville/Dorchester County Chamber of Commerce 402 N. Main St. Summerville, SC 29483
843-873-2931 www.gsdcchamber.org 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 1301 Gervais St., Suite 1100 Columbia, SC 29201 803-799-4601 www.scchamber.net The premiere advocacy group in the state serving 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 An advocacy organization representing the general interests of small business in state and local government.
Pinckney-Carter Company ~ Insurance ~
Paying Too Much For Insurance?
Business Assistance Berkeley-Charleston-Dorchester Council of Governments 1362 McMillan Ave., Suite 100 Charleston, SC 29405 843-529-0400 www.bcdcog.com One of South Carolina’s 10 regional planning councils; primary objectives are to assist local governments in developing local and regional plans, as well as providing local governments with planning and technical support to improve the quality of life in the tri-county region. Provides 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 assists economic development via Economic Development Administration funds, community development block grants and its own revolving loan fund. Better Business Bureau Serving Central South Carolina & Charleston 1515 Burnette Drive Columbia, SC 29210 803-254-2525 http://columbia.bbb.org BBBs are nonprofit organizations financed almost exclusively by membership dues paid by businesses and professional firms
Fax (843) 747-4726
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Center for Business Research 4500 Leeds Ave., Suite 100 North Charleston, SC 29405 Mailing address: P.O. Box 975 Charleston, SC 29402-0975 843-577-2510 www.charlestonchamber.net/aboutus/ centerforbusinessresearch The Center for Business Research serves as the center for the compilation, interpretation and distribution of business and economic data for the three-county area to help
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in local communities. Primary role is to monitor business performance and provide consumers with information to avoid pitfalls in the marketplace. Champions the cause of consumers and holds businesses accountable to the highest standards of honesty in their advertising and sales.
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Business resources
S.C. Department of Commerce 1201 Main St., Suite 1600 Columbia, SC 29201-3200 Mailing address: P.O. Box 927 Columbia, SC 29202 803-737-0400 www.sccommerce.com Online library provides resource guides and information on capital investments, business and taxation, industry reports and industryspecific publications.
Education Import/export & distribution
S.C. Department of Labor, Licensing and Regulation (Professional & Occupational License) Synergy Business Park Kingstree Building 110 Centerview Drive Columbia, SC 29210 803-896-4300 www.llr.state.sc.us Provides information and forms for obtaining
Employment & Economic development
S.C. Association of Counties 1919 Thurmond Mall Columbia, SC 29201 Mailing address: P.O. Box 8207 Columbia, SC 29202-8207 803-252-7255, 800-922-6081 www.sccounties.org 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 803-898-5690 www.scbos.com A collaboration of several state and federal agencies and private entities; allows for an electronic “one-stop shop� for S.C. businesses to register and obtain permits and licensing. It also will serve as a primary source or point of information and resources for entrepreneurs seeking guidance in opening a business in South Carolina.
Demographics
Charleston Area Convention & Visitors Bureau 423 King St. Charleston, SC 29403 843-853-8000 Toll Free: 800-868-8118 www.charlestoncvb.com Provides information for meeting and event professionals as well as visitors to the Charleston area.
Service Corps of Retired Executives Charleston 4500 Leeds Ave. North Charleston, SC 29405 843-727-4778 Dorchester 402 N. Main St. Summerville, SC 29483 843-873-2931 Downtown Charleston 68 Calhoun St. Charleston, SC 29401 www.score285.org 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.
Small Business Development Center of South Carolina Charleston Area SBDC 5900 Core Drive, Suite 104 North Charleston, SC 29406 843-740-6160 http://scsbdc.moore.sc.edu A consortium of four universities with 15 offices located throughout the state. Established under a cooperative agreement with the Small Business Administration. Aids small business startup ventures and assists in 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.
Financial Services
Center for Women 129 Cannon St. Charleston, SC 29403 843-763-7333 www.c4women.org Nonprofit organization dedicated to the personal and professional success of women in the Lowcountry through educational programs, counseling, support groups and referral information. The Entrepreneurial Woman Series offers seminars for women starting or running businesses and includes panel discussions, networking strategies, and resource and referral information.
Charleston Small Business Information Center 4500 Leeds Ave., Suite 100 North Charleston, SC 29405 Mailing address: P.O. Box 975 Charleston, SC 29402-0975 www.smallbusinesscharleston.org A one-stop small business center operated by the Small Business Administration in partnership with the Charleston Metro Chamber of Commerce and Trident One Stop; has resources for addressing a broad variety of business startup and development issues.
Real Estate
existing area firms as well as those outside the region, make better business decisions regarding their investment in the area and its economy.
Hospitality & Tourism Medical & Health Care Business Resources Government
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state business licenses. In addition to the state license requirement, businesses should check with city, townships and county business license authorities. Minority Business Development Agency – Columbia 1515 Richland St. Columbia, SC 29201 803-743-1154 www.scmbec.com Part of a national network established to increase the growth of new minorityowned business and to strengthen existing ones. Professional consultants offer initial counseling, government and private-sector contracting assistance, financial management and more complex issues, such as international trade franchising. Tate Center for Entrepreneurship College of Charleston School of Business 5 Liberty St. Charleston, SC 29424 843-953-5627 Mailing address: 66 George St. Charleston, SC 29424 843-953-6596 www.sb.cofc.edu/centers/tate 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 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 Strom Thurmond Federal Building 1835 Assembly St., Suite 1425 Columbia, SC 29201 803-765-5377 Charleston office: 5900 Core Drive North Charleston, SC 29406 843-225-0006 www.sba.gov/sc The 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, including the Frank L. Roddey Small Business Development Center, the Service Corps of Retired Executives and the Charleston Business Information Center.
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
Business resources
Government
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Miscellaneous Business Directory Business Trademarks & Patents U.S. Patent & Trademark Office Headquarters Madison Building 600 Dulany St. Alexandria, VA 22314 Customer Service: 571-272-1000 or 800786-9199 www.uspto.gov State assistance: S.C. Secretary of State’s Office 1205 Pendleton St., Suite 525 Columbia, SC 29201 803-734-0629 www.scsos.com Bar-coding & Universal Product Code (UPC) GS1 US 7887 Washington Village Drive, Suite 300 Dayton, OH 45459 937-435-3870 www.gs1us.org Copyrights U.S. Copyright Office 101 Independence Ave. SE Washington, DC 20559-6000 202-707-3000 www.copyright.gov
S.C. Association of CPAs 570 Chris Drive West Columbia, SC 29169 803-791-4181 www.scacpa.org S.C. Bar Association 950 Taylor St. Columbia, SC 29201 P.O. Box 608 Columbia, SC 29202 803-799-6653 www.scbar.org S.C. Broadcasters Association 1 Harbison Way, Suite 112 Columbia, SC 29212 803-732-1186 www.scba.net S.C. Commission on Women 1205 Pendleton St. Columbia, SC 29201 803-734-5806 www.govoepp.state.sc.us/sccw S.C. Department of Health & Environmental Control 2600 Bull St. Columbia, SC 29201 803-898-3432 www.scdhec.net
Business Resources
Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
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Business resources
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S.C. Department of Insurance 1201 Main St., Suite 1000 Columbia, SC 29201 Mailing address: P.O. Box 100105 Columbia, SC 29202 803-737-6160 www.doi.sc.gov S.C. Materials Management Office 1201 Main St., Suite 600 Columbia, SC 29201 803-737-0600 www.mmo.sc.gov 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
Economic Development Charleston Regional Development Alliance 5300 International Blvd., Suite 103A North Charleston, SC 29418 843-767-9300 www.crda.org A full-service professional economic development organization representing Berkeley, Charleston and Dorchester counties, serving as a confidential resource to help streamline the site selection process, assisting companies such issues as buildings and sites, financing and workforce training. Organized as a public-private nonprofit corporation funded jointly by the three county governments and more than 100 area businesses. 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 An independent, nonprofit, nonpartisan research and educational organization that 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 both to scholarly and lay audiences.
SC Launch Columbia Office: 1000 Catawba St. Columbia, SC 29201 Charleston office: 645 Meeting St. Charleston, SC 29403 Greenville office: CU-ICAR International Center for Automotive Research 5 Research Drive (Fourth Floor) Greenville, SC 29607 Mailing address: P.O. Box 11637 Columbia, SC 29211 www.sclaunch.org A collaboration among SCRA and South Carolina’s university research foundations: Clemson University, the University of South Carolina and the Medical University of South Carolina. It facilitates applied research, product development and commercialization programs and works to strengthen South Carolina’s knowledge economy by creating high-wage jobs. 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 P.O. Box 20577 Charleston, SC 29413 843-579-9855 www.communitydevelopmentsc.org A statewide trade association of nonprofit, community-based development corporations within the state’s economically distressed communities. The association’s primary focus is to build the capacity of local community development corporations through grassroots leadership development, access to capital, advocacy and technical assistance. It currently recognizes more than 40 new and emerging organizations in urban and rural communities throughout the state as community development corporations.
to provide an alternative funding source to facilitate economic development, fill financing gaps in the manufacturing, industrial and service industries, and promote the export of goods and services produced within South Carolina.
Also administers unemployment benefits. All employment services are free to the public. The Labor Market Information department provides a database on industries, employers, population, income, occupations and other information.
SCRA 5300 International Blvd. North Charleston, SC 29418 843-760-3200 Corporate office: 1000 Catawba St. Columbia, SC 29201 803-799-4070 Clemson office: 81 Technology Drive Clemson Research Park Anderson, SC 29625 864-646-4500 www.scra.org Dedicated to stimulating economic growth through science and technology, as well as provide leadership to create innovative solutions through advanced technology that enhances customers’ performance.
S.C. Occupational Information System 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 800-264-9038 www.scois.net A collaboration among 11 state agencies to coordinate the state’s computer-based career information delivery system. It provides essential data on careers, salaries, scholarships, education and job opportunities, such as military, apprenticeships and postsecondary, trade and vocational programs.
S.C. Rural Development Council P.O. Box 23205 Columbia, SC 29224-2305 803-699-3188 www.scrdc.org State councils serve as forums for identifying issues affecting effective collaboration in rural development efforts among federal departments and agencies. The council works to develop strategies for applying available federal, state and private-sector resources to achieve long-term rural economic development.
Human Resources
S.C. Economic Developers Association P.O. Box 1763 Columbia, SC 29202 803-929-0305 www.sceda.org A statewide association of more than 550 member organizations whose primary objective is to increase the effectiveness of those involved in economic development in South Carolina.
S.C. Society for Human Resource Management – Tri-county Chapter P.O. Box 6272 North Charleston, SC 29419 843-819-5129 http://tchrma.shrm.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 group and its members in the human resources profession, including leadership training and succession planning; and provides 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 Develops the business and economic welfare of South Carolina through loans, investments and the financial promotion of the export of goods and services produced within the state. Offers several loan programs designed
S.C. Department of Employment & Workforce 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 www.dew.sc.gov Maintains a statewide network of employment service offices, which offer testing, counseling and job referrals and assist employers in filling jobs quickly with qualified personnel.
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S.C. Workers’ Compensation Commission 1333 Main St., Suite 500 P.O. Box 1715 Columbia, SC 29202-1715 803-737-5700 www.wcc.state.sc.us The mission of this agency 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 475-A East Bay St. Charleston, SC 29403 843-724-3773 www.charlestondigitalcorridor.com A creative effort by the city of Charleston to attract, nurture and grow knowledgebased enterprises. In partnership with regional economic development agencies, communication infrastructure providers and the private sector, the corridor’s commitment is to facilitate an environment where technology companies thrive. S.C. Technology Alliance 1201 Main St., Suite 2010 Columbia, SC 29201 803-748-1323 www.sctech.org Established to help prepare a technologycapable workforce, 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.
Business resources
Import/export & distribution
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Education
BCI Lending Services/Business Carolina Inc. 1523 Huger St., Suite A Columbia, SC 29201-2223 803-461-3801 www.bcilending.com A not-for-profit economic developer that promotes economic growth in South Carolina, North Carolina, and Georgia by providing loans to small businesses.
S.C. Investor Network c/o Clemson Renaissance Center 123 Main St. Greenville, SC 29601 864-370-1015 www.scinvestor.org Members are experienced venture capital and private equity investors, angel investors, business lawyers, accountants, investment bankers and business brokers, other business advisers and service providers who share the common goal of facilitating the creation and growth of high-impact companies in South Carolina.
Employment & Economic development
Charleston Angel Partners LLC Meeting location: 5 Liberty St. Charleston, SC 29424 843-881-5623 www.charlestonangelpartners.com A member-driven organization composed of 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 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.
Mortgage Bankers Association of the Carolinas Inc. P.O. Box 2588 Mount Pleasant, SC 29465 843-303-5705 www.mbac.org 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 process of obtaining a mortgage loan, receive answers to mortgage-related questions, verify whether a lender is a member or receive
assistance in resolving disputes with lenders and affiliates.
Demographics
Financial assistance
Charleston Local Development Corp. 75 Calhoun St., Third Floor Charleston, SC 29401 843-724-3796 www.charlestonldc.com Provides technical assistance (counseling) and administers loan programs for individuals who locate their businesses in the city of Charleston. It can also provide business owners with access to tax incentives and credits available through the city’s Renewal Community designation.
Financial Services
Business Development Corp. of S.C. P.O. Box 21823 Columbia, SC 29221 803-798-4064 www.businessdevelopment.org A non-bank commercial lending company established in 1958 by the state Legislature to promote business and industry within the state. It specializes in the SBA 7(a) loan guaranty program. Certified Development Corp. of S.C., an affiliated corporation, has participated in providing financial assistance to businesses since 1994. Certified Development specializes in SBA 504 debenture financing, limited to the state of South Carolina.
Real Estate
S.C. Department of Revenue QuickReference Telephone Contacts (Area code 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 Corporate 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
Hospitality & Tourism Medical & Health Care Business Resources
Sonoco Recycling offers comprehensive recycling services and customized waste stream solutions resulting in lower costs, enhanced revenue and a reduced environmental footprint. Call today for a free waste audit at your facility. 2025 Tellico Rd, Charleston, SC 29405 843-577-6840 • 877-9SONOCO www.sonocorecycling.com recyclinginfo@sonoco.com
Government
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Field Supply Manager: Tim Hoover tim.hoover@sonoco.com 843-861-9454 www.charlestonbusiness.com | 2011 Market Facts
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Medical & Health Care
Hospitality & Tourism
Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
Real Estate
government
Interior of the rotunda at the S.C. Statehouse (Photo/Leslie Burden)
Government
Legislative Representatives....80 U.S. Senate.................................. 80
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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........................... 80 State Senate................................ 80 State House of Representatives........................... 80 Constitutional Offices.............82 County Administration.................. 82 County Economic Directors.......... 82
This section is sponsored by:
County Auditors........................... 82
Business Resources
County Treasurers........................ 82
Government
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Tri-county Municipalities.............. 82
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Hospitality & Tourism
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Employment & Economic development
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government
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Legislative Representatives S.C. Governor Gov. Nikki Haley 1205 Pendleton St. Columbia, SC 29201 803-734-2100 www.governor.sc.gov
S.C. Lieutenant Governor Ken Ard State House, First Floor P.O. Box 142 Columbia, SC 29201 803-734-2080 www.ltgov.sc.gov
U.S. Senate
Lindsey Graham (R) 290 Russell Senate Office Building Washington, DC 20510 202-224-5972 www.lgraham.senate.gov Local office: 530 Johnnie Dodds Blvd., Suite 202 Mount Pleasant, SC 29464 843-849-3887 Jim DeMint (R) 167 Russell Senate Office Building Washington, DC 20510 202-224-6121 www.demint.senate.gov Local office: 39 Broad St., Suite 300 Charleston, SC 29401 843-727-4525
U.S. House of Representatives Tim Scott (R) 1st District – Horry, Berkeley, Charleston, Dorchester and Georgetown counties 1117 Longworth House Office Building Washington, DC 20515 202-225-3176 www.timscott.house.gov Local office: 2000 Sam Rittenberg Blvd., Suite 3007 Charleston, SC 29407 843-852-2222
James E. “Jim” Clyburn (D) House Majority Whip 6th District – Portions or all of 15 regional counties 2135 Rayburn House Office Building Washington, DC 20515 202-225-3315 www.clyburn.house.gov Local office: 1362 McMillan Ave., Suite 100 North Charleston, SC 29405 843-529-2708
State Senate
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 Raymond E. “Ray” Cleary III (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, Hampton, Dorchester 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. “Mike” Rose (R) District No. 38 – Charleston and Dorchester counties 613 Gressette Building Columbia, SC 29201 803-212-6056 MikeRose@scsenate.org
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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 William E. “Bill” Crosby (R) District No. 117 – Berkeley and Charleston counties 310A Blatt Building Columbia, SC 29201 803-212-6879 billcrosby@schouse.gov Joseph S. Daning (R) District No. 92 – Berkeley County 310A Blatt Building Columbia, SC 29201 803-734-2951 JoeDaning@schouse.org Wendell G. Gilliard (D) District No. 111 – Charleston County 328A Blatt Building Columbia, SC 29201 803-212-6793 WendellGilliard@schouse.org Robert W. “Bobby” 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 Jenny Anderson Horne (R) District No. 94 – Charleston and Dorchester counties 308A Blatt Building Columbia, SC 29201 803-212-6871 JennyHorne@schouse.org Joseph H. Jefferson Jr. (D) District No. 102 – Berkeley County 304D Blatt Building 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 David J. Mack III (D) District No. 109 – Charleston County 328D Blatt Building Columbia, SC 29201 803-734-3192 DJM@schouse.org Peter M. McCoy Jr. (R) District No. 115 – Charleston County 326A Blatt Building Columbia, SC 29201 803-212-6872 petermccoy@schouse.gov James H. “Jim” Merrill (R) District No. 99 – Berkeley and Charleston counties 308D Blatt Building Columbia, SC 29201 803-734-3972 JM1@schouse.org Christopher J. “Chris” Murphy (R) District No. 98 – Charleston and Dorchester counties 532D Blatt Building Columbia, SC 29201 803-212-6925 chrismurphy@schouse.gov Kevin R. Ryan (R) District No. 108 – Charleston and Georgetown counties 320A Blatt Building Columbia, SC 29201 803-12-6927 VOM@schouse.org F. Michael “Mike” Sottile (R) District No. 112 – Charleston County 306D Blatt Building Columbia, SC 29201 803-212-6880 MikeSottile@schouse.org Leonidas E. “Leon” Stavrinakis (D) District No. 119 – Charleston County 420D Blatt Building Columbia, SC 29201 803-734-3039 StavL@schouse.org J. Seth Whipper (D) District No. 113 – Charleston County 328C Blatt Building Columbia, SC 29201 803-734-3191 JSW@schouse.org
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Import/export & distribution
Education
Employment & Economic development
Demographics
Financial Services
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government
Government
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Constitutional Offices Statewide Offices Office of the Adjutant General Maj. Gen. Robert E. Livingston Jr., adjutant general 1 National Guard Road Columbia, SC 29201-4766 803-806-4200 www.scguard.com
Secretary of State’s Office 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
A. Victor “Vic” Rawl (District 6) 843-766-7334 vrawl@charlestoncounty.org
David Chinnis (District 2) 843-408-1504 dchinnis@dorchestercounty.net
County Auditors
Berkeley County Janet Brown Jurosko Colleen T. Condon (District 7) George H. Bailey (District 3) 1003 U.S. Highway 52 843-225-7288 843-563-2314 Moncks Corner, SC 29461colleen@colleencondon.com gbailey@dorchestercounty.net 6120 843-719-4309 Anna B. Johnson (District 8) Larry Hargett, chairman jjurosko@co.berkeley.sc.us 843-795-3970 (District 4) State Treasurer’s Office ajohnson@charlestoncounty.org 843-514-7135 Charleston County Curtis M. Loftis Jr., lhargett@dorchestercounty.net Peggy Moseley S.C. Department of state treasurer Joseph K. Qualey (District 9) Agriculture 101 Meeting St. Wade Hampton Office Building 843-693-3434 Richard Rosebrock (District 5) Charleston, SC 29401 Hugh E. Weathers, 1200 Senate St. jqualey@charlestoncounty.org 843-871-9877 commissioner 843-958-4200 Columbia, SC 29211 rrosebrock@dorchestercounty. pmoseley@ 1200 Senate St. 803-734-2101 net Berkeley County P.O. Box 11280 charlestoncounty.org treasurer@sto.state.sc.us Government Columbia, SC 29211 www.treasurer.sc.gov William R. “Bill” Hearn Jr. Phone: 803-734-2210 Dorchester County (District 6) 843-719-4234 (Moncks www.scda.state.sc.us James “JJ” Messervy State Superintendent 843-851-8383 Corner) Main Office: of Education bill.wrhearn@gmail.com 843-723-3800 (Charleston) Attorney General’s Office 201 Johnston St. 843-567-3136 (St. Stephen) Alan Wilson, attorney general Mitchell M. “Mick” Zais, St. George, SC 29477 superintendent Jay Byars (District 7) Rembert Dennis Building 843-563-0118 843-832-0196 Berkeley County Council 1000 Assembly St., Room 519 Rutledge Building Summerville Office: 1429 Senate St. byarsj@dorchestercounty.net 500 N. Main St. Daniel W. “Dan” Davis, Columbia, SC 29201 Columbia, SC 29201 chairman and county 803-734-3970 Summerville, SC 29483 803-734-8500 supervisor County Economic 843-832-0169 info@scattorneygeneral.com info@ed.sc.gov 1003 U.S. Highway 52 www.scattorneygeneral.org auditoradmin@ Directors www.ed.sc.gov/ Moncks Corner, SC 29461 dorchestercounty.net Ext. 4094 S.C. Department of Berkeley County Economic www.berkeleycountysc.gov County Commerce Development Robert M. Hitt III, secretary 1201 Main St., Suite 1600 Columbia, SC 29201-3200 803-737-0400 info@sccommerce.com www.sccommerce.com
Commerce Department Small Business Services Chuck Bundy, manager 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 305 Wade Hampton Office Building 1200 Senate St. Columbia, SC 29201 803-734-2121 cgoffice@cg.state.sc.us www.cg.state.sc.us S.C. Department of Employment and Workforce John L. Finan, executive director 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 www.sces.org
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 Herbert Ravenel Sass III (District 1) 843-766-7500 hsass@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) 843-697-7715 henrydarby@msn.com Teddie E. Pryor Sr., chairman (District 5) 843-958-4030 tpryor@charlestoncounty.org
Gene Butler Phillip Farley (District 1) 1003 U.S. Highway 52 843-747-2486 P.O. Box 6122 Moncks Corner, SC 29461 Timothy J. Callanan (District 2) 843-719-4096 843-628-6363 www.co.berkeley.sc.us gbutler@co.berkeley.sc.us Robert O. Call Jr. (District 3) Charleston County Economic 843-764-1976 Development J. Steven Dykes, director Cathy S. Davis (District 4) Lonnie Hamilton III Public 843-875-9541 Services Building 4045 Bridge View Drive Dennis Fish (District 5) Charleston, SC 29405 843-871-9028 843-958-4506 sdykes@charlestoncounty.org Jack H. Schurlknight (District 6) www.charlestoncounty.org 843-761-4303 Dorchester County Economic Caldwell Pinckney Jr. (District 7) Development 843-753-7377 Jon Baggett P.O. Box 340 Steve C. Davis (District 8) 402 N. Main St. 843-761-7727 Summerville, SC 29484 843-875-9109 Dorchester County jon@DorchesterForBusiness. Administrator com Jason L. Ward, administrator www.dorchestercounty.net 201 Johnston St. St. George, SC 29477 843-832-0100 www.dorchestercounty.net Dorchester County Council Willie R. Davis (District 1) 843-832-2739 wdavis@dorchestercounty.net
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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 Sweetgrass Basket Parkway Mount Pleasant, SC 29464 843-856-1201 North Charleston Service Center: Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Suite B101 Charleston, SC 29405 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 2010 Census Awendaw Population: 1,294 Mayor: Samuel N. Robinson 6971 Doar Road Awendaw, SC 29429 843-928-3100 samueln@tds.net Bonneau Population: 487 Mayor: Rembert E. Wrenn 420 Municipal Lane Bonneau, SC 29431 843-852-3385 www.bonneausc.com/ Charleston Population: 120,083 Mayor: Joseph P. Riley Jr. 50 Broad St. Charleston, SC 29401 843-577-6970 www.charlestoncity.info Building and Construction Permits: 843-577-5550 Business Licenses: 843-724-3796 Construction Permits: 843-724-7431 Economic Development: 843-724-3773 Zoning: 843-724-3765 Folly Beach Population: 2,617 Mayor: Tim Goodwin 21 Center St. P.O. Box 48 Folly Beach, SC 29439 www.cityoffollybeach.com Toni W. Connor, administrator: 843-708-9474 Building Official/Zoning Administrator: 843-708-9982
government
Rockville Population: 134 Mayor: Mary Ann Cates P.O Box 9 Wadmalaw Island, SC 29487 843-559-0938 www.townofrockville.com
Sullivan’s Island Population: 1,891 Mayor: Carl J. Smith 1610 Middle St. P.O. Box 427 Sullivan’s Island, SC 29482 843-883-3198 www.sullivansisland-sc.com Summerville Population: 45,239 Mayor: Bill Collins 104 Civic Center 200 S. Main St. Summerville, SC 29483 843-871-6000 www.summerville.sc.us
Import/export & distribution
St. George Population: 2,146 Mayor: Anne Johnston 305 Ridge St. P.O. Box 904
Seabrook Island Population: 1,214 Mayor: William F. Holtz 2001 Seabrook Island Road Seabrook Island, SC 29455 843-768-9121 www.townofseabrookisland. org
Education
Lincolnville Population: 1,139 Mayor: Tyrone E. Aiken P.O. Box 536 Lincolnville, SC 29485 843-873-3261 www.lincolnvillesc.com
Ridgeville Population: 1,979 Mayor: James Williams P.O. Box 238 Ridgeville, SC 29472 843-871-7960
St. Stephen Population: 1,798 Mayor: Robert B. Hoffman 124 Hood St. St. Stephen, SC 29479 843-567-3597
Employment & Economic development
Hollywood Population: 4,714 Mayor: Jacquelyn S. Heyward 6322 S.C. Highway 162 P.O. Box 519 Hollywood, SC 29449 843-889-3222 www.townofhollywood.org
Moncks Corner Population: 5,952 Mayor: William W. Peagler III 118 Carolina Ave. P.O. Box 700 Moncks Corner, SC 29461 843-719-7900 www.townofmonckscorner. sc.gov
Reevesville Population: 196 Mayor: Paul Wimberly P.O. Box 126 Reevesville, SC 29471 843-563-2058
St. George, SC 29477 843-563-3032
Demographics
Kiawah Island Population: 1,626 Mayor: G. Steven Orban 21 Beachwalker Drive Kiawah Island, SC 29455 843-768-9166 www.kiawahisland.org
Ravenel Population: 2,465 Mayor: Opal N. Baldwin 5962 S.C. Highway 165 Suite 100 Ravenel, SC 29470 843-889-8732 www.townofravenel.com
Financial Services
Harleyville Population: 677 Mayor: Charles Ackerman 119 S. Railroad Ave. Harleyville, SC 29448 843-462-7676 www.harleyvillesc.com
Meggett Population: 1,226 Mayor: Harry V. “Buster” Herrington III 4776 S.C. Highway 165 Meggett, SC 29449 843-889-3622 www.townofmeggettsc.org
Mount Pleasant Population: 67,843 Mayor: Billy Swails 100 Ann Edwards Lane P.O. Box 745 Mount Pleasant, SC 29464 843-884-8517 www.townofmountpleasant. com Building Inspection & Zoning: 843-884-5184 Business Licenses: 843-849-2786 Economic Development: 843-856-8517 North Charleston Population: 97,471 Mayor: R. Keith Summey 2500 City Hall Lane P.O. Box 190016 North Charleston, SC 29406 843-554-5700 www.northcharleston.org Building Inspection & Permits: 843-740-2530 Economic Development: 843-740-2530 Zoning: 843-740-2582
Real Estate
McClellanville Population: 499 Mayor: Rutledge B. Leland III 405 Pinckney St. McClellanville, SC 29458 843-887-3713 www.townofmcclellanville-sc. net
Hanahan Population: 17,997 Mayor: Minnie N. Blackwell 1255 Yeamans Hall Road Hanahan, SC 29406 843-554-4221 www.cityofhanahan.com
Isle of Palms Population: 4,133 Mayor: Dick Cronin 1207 Palm Blvd. Isle of Palms, SC 29451 843-886-6428 www.isle-of-palms.sc.us Building Permits & Business Licenses: 843-886-9912 Jamestown Population: 72 Mayor: Roy P. Pipkin 7604 S.C. Highway 41 P.O. Box 145 Jamestown, SC 29453 843-257-2233 www.bcdcog.com
Goose Creek Population: 35,938 Mayor: Michael J. Heitzler 519 N. Goose Creek Blvd. Goose Creek, SC 29445 843-797-6220 www.cityofgoosecreek.com Planning Department: 843-797-6220, ext. 118
Hospitality & Tourism Medical & Health Care Business Resources Government
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Real Estate Financial Services
Heritage Trust Federal Credit Union......................................................... 23
Barkley Company, The............................................................................ 17
Home Telephone Co................................................................................ 73
Caldwell Commercial Real Estate Services.............................................. 11
Kontane Logistics, Inc............................................................................. 54
Carolina Commercial LLC........................................................................ 20
Liquid Box.............................................................................................. 54
CB Richard Ellis Carmody Co..................................................................... 9
Marshall Walker Group............................................................................ 29
CCBG Real Estate Group......................................................................... 18
MUSC..................................................................................................... 65
CF Evans & Company Construction........................................................... 8
NAI Avant-Vanguard Development......................................................16, 21
Charleston County Park and Recreation Commission.............................. 59
Palmetto Primary Care Physicians........................................................... 67
Charleston Harbor Resort & Marina......................................................... 57
PDA........................................................................................................ 61
Charleston Heating and Air...................................................................... 13
Pinckney-Carter Company...................................................................... 72
Charleston Metro Chamber of Commerce............................................... 75
Quality Touch Janitorial Services Inc....................................................... 20
Charleston Southern University............................................................... 46
Regal Logistics....................................................................................... 51
Citadel Graduate College, The................................................................. 43
Rogers & Brown Custom Brokers Inc....................................................... 55
Coastal Community Foundation............................................................... 41
SAIC....................................................................................................... 81
Coldwell Banker Commercial/Atlantic International Inc.............................. 8
Santee Cooper........................................................................................ 83
College of Charleston ........................................................................35, 46
Saulisbury Business Machines................................................................ 74
Coppedge & Tison/Cushman & Wakefield................................................ 18
South Carolina Federal Credit Union........................................................ 25
Coward-Hund Construction..................................................................... 19
SCRA...................................................................................................... 39
Crest Contracting.................................................................................... 12
SIOR Designation Charleston.................................................................. 15
Daniel Ravenel Sotheby’s International Realty........................................... 5
Sonitrol Security Systems of Charleston.................................................. 72
Darla Moore School of Business, USC..................................................... 47
Sonoco Recycling....................................................... Inside Front Cover, 77
Delta Dental............................................................................................ 73
SouthCon Building.................................................................................. 10
Durlach Associates................................................................................. 12
Spirit Communications............................................................................ 71
Eckert Insurance Group........................................................................... 74
Town of Mount Pleasant.......................................................................... 79
Elliott Davis LLC...................................................................................... 27
Trident Construction................................................................................ 10
Francis Marion Hotel............................................................................... 60
Trident Health System............................................................................. 66
G4S Secure Solutions USA...................................................................... 31
Trident Technical College .....................................................Back Cover, 45
84 Harbor National Bank.............................................................................. 26
Webster Rogers LLP................................................................................ 31
Government
Business Resources
Medical & Health Care
Hospitality & Tourism
Employment & Economic development
Anchor Commercial Real Estate Services..................... Inside Back Cover, 7
Education
advertiserS
Import/export & distribution
Demographics
INDEX OF
HDR Inc. of the Carolinas........................................................................ 17
84 2011 Market Facts | www.charlestonbusines s.com