2012 Charleston Market Facts

2012

MARKET FACts 2012

Business Services Defense & Logistics Education FINANCIAL Services

Sponsored by

HEALTH & WELLNESS HOSPITALITY REAL ESTATE & CONSTRUCTION

Honoring Our Past.

Building Your Future.

HITT Contracting Inc. offers turnkey general contracting services and is equipped with the resources and staff needed to perform a wide range of projects, from small jobs to complete owner/tenant fit-outs and new construction.

HITT’s Charleston office is recognized by the Charleston Regional Business Journal as one of the largest general contractors in the Charleston market. We are growing and expanding to meet the demands of the Charleston marketplace, specializing in corporate interiors, base building, federal government, retail, office, healthcare, and industrial.

As we mark an important milestone in HITT Contracting’s history - our company’s 75th Anniversary - we wanted to take a moment and thank our clients for their trust, loyalty, and the opportunities we have had together.

2457 Aviation Avenue, Suite 100, North Charleston, South Carolina 29406 Wa s h i n g t o n D C

•

Atlanta

•

Baltimore

•

•

(843) 308.9400

Charleston

•

•

Denver

hitt-gc.com •

•

@twhittr

South Florida

opportunity starts here

<RXÂŤPXVWÂŤEHÂŤDFFHSWHGÂŤEHIRUHÂŤ UHJLVWHULQJ

FAFSA required for all financial aid including $1,140 in lottery-funded tuition assistance. Call 843.574.6000 for details. Automatic payment plan is available. ³/LNH XV´ RQ )DFHERRN

843.574.6111 www.tridenttech.edu

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Affordable tuition and fees: $153.45 per credit hour* (less than half of the tuition of other colleges and universities) *2012-13 tuition for tri-county residents

President and Group Publisher - Grady Johnson gjohnson@scbiznews.com • 849.3103 Vice President of Sales - Steve Fields sfields@scbiznews.com • 849.3110 Accounting Department - Vickie Deadmon vdeadmon@scbiznews.com • 864.235.5677

Managing Editor - Andy Owens aowens@scbiznews.com • 849.3142 Senior Copy Editor - Beverly Barfield bbarfield@scbiznews.com • 849.3115 Researcher - Bill Henley bhenley@scbiznews.com • 849.3129 Staff Writers Matt Tomsic mtomsic@scbiznews.com • 849.3144 Lauren Ratcliffe lratcliffe@scbiznews.com • 849.3119 Staff Photographer - Leslie Burden lburden@scbiznews.com • 849.3123

Creative Director - Ryan Wilcox production1@scbiznews.com • 849.3117 Senior Graphic Designer - Jane Mattingly production2@scbiznews.com • 849.3118 Graphic Designer - Jean Piot production3@scbiznews.com • 849.3135

Senior Account Executive - Sue Gordon sgordon@scbiznews.com • 849.3111 Account Executives Sara Cox scox@scbiznews.com • 849.3109 Bennett Parks bparks@scbiznews.com • 849.3126 Robert Reilly rreilly@scbiznews.com • 849.3107

Circulation and Events

Dear Reader,

Welcome

Welcome to our ninth edition of Market Facts. Uncertain economic conditions seem to be our new normal, don’t they? The looming presidential election, eurozone crisis, the so-called fiscal cliff, you name it — none of it sounds very good. Things closer to home, on the other hand, seem to be picking up. If you have tried to drive downtown or eat out anywhere, we seem to be swamped with tourists. Hammers have also started swinging again with new residential units coming up out of the ground. So what gives? Can economic conditions be bad and good at the same time? Welcome to the Age of Uncertainty. A major advantage the Business Journal has as your local source for business news and information is that we are a small business ourselves. So here we are, just like you, trying to navigate the same traffic with one foot on the gas and one on the brake. Wouldn’t it be great to have a nice big book full of facts to give you some indication of where we are heading?

During the Age of Uncertainty, 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 Grady Johnson data to support our own expansion. When we found out what a pain it was to find CEO and everything we needed, we had an epiphany: “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 what drives 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, and Market Facts is his tour de force. Each year, Ryan improves the layout by including more art, shading and highlighting important facts, and by adding footnotes and explanations to help make the data more user-friendly.

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, Lee & Associates, Hitt Contracting, Trident Technical College and all of our section sponsors and advertisers for enabling us to provide this valuable resource for the region’s business decision-makers.

Enjoy

Circulation and Event Manager - Kathy Allen kallen@scbiznews.com • 849.3113 Circulation, Event and Business Coordinator Kim McManus kmcmanus@scbiznews.com • 849.3116

SC Business Publications LLC

SUBSCRIPTION INFORMATION

A portfolio company of Virginia Capital Partners LLC Frederick L. Russell Jr., Chairman

South Carolina’s Media Engine for Economic Growth

Charleston Regional Business Journal (USPS 0018-822) is published biweekly, 27 times per year, including one special issue in January, by SC Biz News.

P.O. Box 446, Charleston, SC 29402.

Periodicals postage paid at Charleston, SC. Mailing address: 389 Johnnie Dodds Blvd., Suite 200, Mount Pleasant, SC 29464.

Postmaster: Send address changes to: Charleston Regional Business Journal, P.O. Box 446, Charleston, SC 29402

Annual subscribers receive 26 issues of the Business Journal, plus nine special supplements: The Book of Lists, Profiles in Business, Event Planning Guide, Market Facts, Business Continuation Planner, Green Guide, Giving Guide, Vacation, and Commercial Space and Business Parks Guide.

One year (26 issues) for $49.95; two years (52 issues) for $84.95; three years (78 issues) for $ 119.95.

New subscribers: Subscribe online at www.charlestonbusiness.com or call 843-849-3116.

Current subscribers: Renew, change your address or pay your invoice by credit card online at www.charlestonbusiness.com or call 843-849-3116.

THE ALLIANCE O F

A R E A

B U S I N E S S

P U B L I C A T I O N S

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.

www.charlestonbusiness.com | 2012 Market Facts

1

Real Estate Financial Services Demographics

4

28 Demographics

Import/export & distribution Hospitality & Tourism

22

42

education

34 Employment & Economic Development Section Sponsor

52

Section Sponsor

58

Hospitality & Tourism

Business Resources Section Sponsor

Government

2

2 2012 Market Facts | www.charlestonbusines s.com

Import/Export & Distribution Section Sponsor

66

Section Sponsor

72

Financial Services Section Sponsor

Section Sponsor

Medical & Health Care Business Resources

Real Estate Section Sponsor

Education

Employment & Economic development

CONTENTS

Medical & Health Care Section Sponsor

82

Government Section Sponsor

Title SPONSORs S

avvy consumers know the importance of value. They know that to achieve good value, a product or service must strike a balance between quality and price.

At Trident Technical College, we deliver value through quality education and affordability. Many benefit from this value as it creates a symbiotic relationship among individuals, businesses and economies. Our students receive topnotch education and training that prepare them to enter the workforce or pursue additional education. In turn, businesses and industries gain a pool of competent candidates who possess skills necessary to be productive employees.

This relationship, created through TTC’s value, supports local, regional and global economies.

We look forward to finding more ways to create value in the region we serve.

Thanks for your continued support!

S

ince 1999, Lee & Associates Charleston (formerly Anchor Commercial), has been one of Charleston’s premier providers of comprehensive commercial real estate solutions, including brokerage, management and development services. At Lee, 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 Lee team truly puts PEOPLE FIRST, PROPERTIES SECOND.

H

Cover Photo by Leslie Burden

ITT Charleston offers turnkey general contracting services and is equipped with the resources and staff needed to perform a wide range of projects from small jobs to complete owner/tenant fit-outs and new construction projects. With an average annual revenue of $40 million, the Charleston office is growing and expanding to meet the demands of the Charleston marketplace. Areas of specialty include commercial interiors, base building, data centers, financial institutions, service, paint and term contract work.

Serving all of South Carolina, as well as the Southeast, HITT Charleston is part of HITT Contracting Inc., one of the 100 largest general contractors in the country. With annual sales of over $900 million and over 720 employees, HITT has the ability to perform work in over 40 states. Headquartered in Falls Church, Virginia, HITT has offices in Atlanta, Baltimore, Charleston, Denver and South Florida. www.charlestonbusiness.com | 2012 Market Facts

3

Employment & Economic development

Demographics

Financial Services

Real Estate

Re a l E s TAT E

REAL ESTATE & CONSTRUCTION

A

s the Charleston residential real estate market tries to work its way out of the flow of foreclosures and short-sell properties, commercial real estate and the rental market have surged.

Market experts say the high demand for rental property could be driven by

Education

families needing a place to live after getting out of upside-down mortgaged property and by those reluctant to enter the market in the wake of the subprime lending crisis. Residential rental rates are highest in Mount Pleasant at

9,309

Total home sales in 2011 in the Charleston area Page 6

with an average price of $986 per month. On the lower end, Summerville and Goose Creek are priced at just under $800 a month.

Construction also has bounced back in the Charleston area with nearly 24% more building permits being issued in 2011 compared to the previous year, which is the highest increase in the entire state.

Charlestonâ&#x20AC;&#x2122;s construction market was worth more than half a billion dollars last year, which is a 9.6% increase from the previous year.

Section Sponsor

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

more than $1,000 a month on average. James Island comes in a close second

Fast Facts

Government

4

4 2012 Market Facts | www.charlestonbusines s.com

-34.8%

Percentage change of the median price of home in Hilton Head Island from 2007 to 2011 Page 10

29,206

Total apartment units in the Charleston area in 2011 Page 18

DOWNLOAD

OUR

FREE MOBILE APP

INSTANT ACCESS TO ALL CHARLESTON

HOMES FOR SALE

JUST TEXT DRSIR TO 87778 The Yellow House, Van Gogh used with permission. Each Office Is Independently Owned And Operated.

33 Broad Street Charleston, SC 29401 843.723.7150 DanielRavenelSIR.com

Employment & Economic development

Education Import/export & distribution

Home sales in the Charleston area declined 28% in 2011 compared to four years ago.

The total number of sales for the area is greater than the total home sales by county, because the region includes areas that do not always follow county lines.

Home Sales by County and Area

2007

3,

Charleston area total

12,921 6,316 – Berkeley County

Home Sales by Price Range, Jan.-June 2012

Selling a house in the Charleston area might take patience. The Charleston Trident Association of Realtors reports it takes about four months for a house to sell once it has been put on the market. If the asking price exceeds $400,000, then it’s closer to six months. For million-dollar properties, the average wait is more than eight months.

Price Range

Average Days on Market

No. of Listings

111.4

754

9,309

108.7

1,388 1,197

4,982

119.4 176.1

495

263.6

80

Charleston Charleston area total

– Charleston County

– Dorchester County

Asking Price vs. Sales Price

The percentage difference between the asking price and final sales price of homes

Property types: Single-family detached, single-family attached, manufactured/mobile homes Source: Charleston Trident Association of Realtors

Median Home Sale Prices by Year, 2007-11 – Berkeley County

2007 – Asking Selling

– Dorchester County $332,230 $306,927

$300,000

-4.18%

$270,000

$400,000

$248,000

$254,900

$240,000

-6.93%

$210,000 $194,000 $179,900

$350,000

$180,000

$171,000

2007

$300,000

$163,000 $161,230 $165,457 $159,655 $162,475 $160,000

$180,000

$150,000

2008

2009

Homes Withdrawn from the Charleston Market -3.21%

Homes are often withdrawn from the real estate market when the seller cannot find a buyer who will make an offer close enough to the listing price.

10,861

10,134

10,000

8,349

8,000

8,254 6,316

Berkeley County

Charleston County

$171,649

$177,337

$213,748

$218,475

$306,927

$329,793

$378,342

$394,860

$200,225

$209,434

6,000

$225,331

$0

2011

-2.16%

-4.40%

$200,000

$100,000

2010

Property types: Single-family detached, single-family attached, manufactured/mobile homes Source: Charleston Trident Association of Realtors

-2.17%

$230,322

Business Resources

$326,486

$330,000

Asking Selling

$150,000

Government

– Charleston County

2011 –

12,000

6

$200,000-$399,999 $400,000-$999,999 $1,000,000 and over

$0-$99,999 $100,000-$199,999

2,2

3 78

1,

2,

2 71

$250,000 Medical & Health Care

2011

24

Hospitality & Tourism

Charleston Area Home Sales

6 40

Demographics

Financial Services

Real Estate

Re a l E s TAT E

Dorchester County

Inventory calculation includes active and contingent listings Property types: Single-family detached, single-family attached, manufactured/mobile homes Source: Charleston Trident Association of Realtors

6 2012 Market Facts | www.charlestonbusines s.com

4,000 2,000 0 2007

2008

2009

2010

2011

Source: Charleston Trident Association of Realtors; Charleston Trident Multiple Listing Service

Re a l E s TAT E Real Estate

S.C. Housing Market Although the closing price for homes in South Carolina still shows an 11% decline

Financial Services

between pre-recession levels and last year’s levels, the gap between what sellers expect and what buyers are willing to pay has closed to less than 2.3% of asking price.

Employment & Economic development

Demographics

Closed Sales Change

%

2011

69,549

-33%

46,762

$224,011

-14%

$192,767

$165,850

-11%

$148,500

116

23%

143

96.6%

-2.3%

Education

Total Number Closed

Average Price

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Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

2007

Government

8

8 2012 Market Facts | www.charlestonbusines s.com

Median Price

“Sabal Homes is part of an elite group of builders and real estate firms that continue to deliver excellence, year after year. In fact, Sabal is one of only six businesses that have won the top award four times.”

*(2)) *5$+$0 *XLOG4XDOLW\ 3UHVLGHQW

Avg. Days on Market

Percent of listing price received

Total Number Closed

Average Price

Median Price

Avg. Days on Market

94.3% Percent of listing price received

Source: S.C. Association of Realtors “Annual Report on the Housing Market of S.C. - 2011”

Re a l E s TAT E

– 2009

– 2010

– 2011

12,000

10,000

4,000

$100K and less

$100,001150,000

$150,001200,000

$200,001300,000

6,675

8,360 6,117

7,659

7,521 7,767

8,024

8,934 8,635

10,488

12,409 11,555

13,914

12,134 12,882

0

$300,001 and more

Charleston Trident experienced the 2nd largest increase in closed sales from 2010

Source: S.C. Association of Realtors’ Annual Report on the Housing Market of S.C., 2011

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

Import/export & distribution

Source: S.C. Association of Realtors’ Annual Report on the Housing Market of S.C., 2011

Charleston area had the largest number of total closed sales

5.5%

Education

9,238

2,000

% Change in Closed Sales from 2010 -1.3% 0.5% 5.5% 3.2% -10.9% -2.5% -3.9% 9.4% -5.7% -15.0% -8.8% -10.6% -4.4% 4.7% -1.4% -1.7%

Employment & Economic development

6,000

Total Closed Sales 1,272 979 9,238 7,550 6,425 6,666 524 2,718 849 2,340 1,363 270 2,459 1,113 2,753 46,762

Demographics

8,000

% of List Price Received 95.1% 93.2% 89.9% 93.8% 94.9% 94.5% 91.8% 93.8% 96.4% 94.1% 88.2% 90.7% 93.4% 94.2% 92.3% 94.3%

Financial Services

Area Aiken Beaufort Charleston Trident Coastal Carolinas Greater Columbia Greater Greenville Greenwood Hilton Head Area North Augusta Piedmont Regional Greater Pee Dee Southern Midlands Spartanburg Sumter/Clarendon County Western Upstate Statewide

14,000

Days on Market 200 202 111 181 119 114 171 139 167 173 132 210 159 170 169 143

Real Estate

S.C. Area Overviews

S.C. Housing Market Closed Sales by Price Range

Business Resources

The Premier Service Provider

Serving Commercial Real Estate Owners, Developers and Tenants WWW.CALDWELLCOMMERCIAL.COM www.charlestonbusiness.com | 2012 Market Facts

Government

9

9

S.C. Housing Market Area Median Prices, by Percentage Change from 2007-2011 $400,000

2007 –

-34.8%

-20.3% -10.5%

$200,000

-11.2% -9.9%

$150,000

-5.6% -8.7%

-1.1% -2.4%

7.1% -0.3%

2.4%

5.0%

-2.0%

$115,900 $118,628

$110,000 $115,500

$139,900 $149,900

$165,850 $148,500

Southern Midlands

$126,900 $126,500

Western Spartanburg Greater Greater Upstate Greenville Columbia

$153,500 $151,880

$148,240 $140,000

$125,900 $115,000

$91,833 $90,000

Beaufort Charleston Piedmont Trident Regional

$144,500 $141,000

Hilton Head Coastal Area Carolinas

$136,500 $123,000

$0

$167,000 $148,250

$50,000

$224,500 $178,950

$100,000

$350,000 $228,250

Demographics Employment & Economic development

-12.5%

Aiken

Sumter/ Clarendon County

Greater Pee Dee

Greenwood

North Augusta

State Total

Source: S.C. Association of Realtors’ Annual Report on the Housing Market of S.C., 2011

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

-33.5%

$208,940 $139,040

Financial Services

$300,000

$250,000

Business Resources

2011 –

Low Tide on Coastal Housing Values Home prices slipped more along the S.C. coast from 2007 to 2011 than any other area — by an average of 25% among the four regions from Hilton Head Island to Myrtle Beach.

$350,000

$207,900 $182,000

Real Estate

Re a l E s TAT E

www.tridentconstruction.com 572-7600

Government

10

10 2012 Market Facts | www.charlestonbusines s.com

Re a l E s TAT E

$72,314 $0

38.66 0.00

168 0

11.83 0.00

$92,694 $0

24.00 0.00

97 0

8.92 0.00

$83,170 $0

33.16 0.00

Import/export & distribution

Source: RealtyTrac, www.realtytrac.com/trendcenter

Education

8.11 0.00

No. of Sales 0 259 438 0 696 4 490 5 16 1,281 0 7 97 1 536 46 100 277 920 8 556

Employment & Economic development

158 0

No. of Sales 0 297 511 2 1,075 14 503 7 4 1,287 0 17 79 18 528 65 156 301 892 3 600

Jan. 1, 2009-Dec. 31, 2009 % of All Avg. Sales Avg. Sales Price Discount % 0.00 $0 0.00 16.27 $79,202 32.98 21.25 $133,556 25.58 0.00 $0 0.00 18.02 $235,745 20.39 1.57 $130,875 -23.77 26.53 $136,940 21.36 6.25 $0 100.00 16.00 $42,561 62.40 25.42 $104,645 34.00 0.00 $0 0.00 2.41 $92,687 46.81 22.20 $67,045 38.34 1.12 $0 100.00 15.82 $98,683 35.05 25.56 $44,606 52.96 13.44 $92,873 51.75 17.57 $96,818 29.77 22.32 $99,733 36.68 15.38 $64,600 -4.47 18.85 $80,172 31.45

Demographics

Sumter Union

No. of Sales 0 281 519 0 1,065 15 503 12 2 1,130 1 11 74 70 392 24 131 232 750 0 503

Jan. 1, 2010-Dec. 31, 2010 % of All Avg. Sales Avg. Sales Price Discount % 0.00 $0 0.00 12.67 $86,769 21.16 19.56 $166,915 14.56 40.00 $41,000 0.00 20.68 $249,642 24.46 4.86 $40,833 49.39 23.02 $129,047 26.36 5.93 $35,360 61.09 22.22 $255,000 -114.09 20.87 $111,208 30.76 0.00 $0 100.00 11.56 $109,192 37.52 15.02 $82,601 10.42 4.07 $60,716 25.57 15.68 $103,283 33.06 19.76 $42,618 62.19 15.87 $135,182 23.84 16.89 $109,280 20.93 18.01 $103,475 34.70 25.00 $26,800 0.00 16.01 $88,424 19.83

Financial Services

County Abbeville Anderson Berkeley Calhoun Charleston Cherokee Dorchester Edgefield Fairfield Greenville Greenwood Kershaw Lancaster Laurens Lexington Newberry Oconee Pickens Richland Saluda Spartanburg

Jan. 1, 2011-Dec. 31, 2011 % of All Avg. Sales Avg. Sales Price Discount % 0.00 $0 0.00 8.82 $74,189 26.35 15.49 $140,246 27.10 0.00 $0 0.00 16.01 $209,083 34.15 4.49 $64,275 16.85 18.73 $128,389 27.01 6.90 $46,350 37.50 8.33 $0 0.00 15.44 $112,682 28.30 3.85 $0 100.00 5.02 $84,690 51.03 9.04 $69,004 28.95 10.54 $33,581 47.35 11.22 $106,689 25.82 8.05 $31,708 54.80 11.53 $107,866 29.72 9.80 $97,240 30.67 13.28 $97,180 37.79 0.00 $0 0.00 11.82 $87,032 18.57

Real Estate

S.C. Foreclosures - Local and Regional Comparison, 2009-11

Hospitality & Tourism Medical & Health Care Business Resources Government

11

www.charlestonbusiness.com | 2012 Market Facts

11

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Re a l E s TAT E

Government

12

Housing Building Permits for S.C. Cities

Annual New Privately-Owned Residential Building Permits Ranked by Percent Change in Total Issued from 2010 - 2011

Total Total Percentage Rank/Cities 2010 2011 Change 1. Charleston-N.Chas.-Sâ&#x20AC;&#x2122;ville....................3,060..................3,822.............24.9% 2. Greenville-Mauldin-Easley...........................1,542...................1,749...............13.4% 3. Columbia.....................................................2,942...................2,897............... -1.5% 4. Sumter...........................................................353......................345............... -2.7% 5. Spartanburg....................................................562......................532............... -5.3% 6. Florence.........................................................476......................389............. -18.3% 7. Anderson........................................................420......................280............. -33.3% Ranked by Percent Change in Total Construction Costs from 2010 - 2011 Total Total Percentage Rank/Cities 2010 2011 Change 1. Greenville-Mauldin-Easley..............$334,418,000 ...... $431,941,000..............29.2% 2. Charleston-N.Chas.-Sâ&#x20AC;&#x2122;ville.......$605,563,000 .....$663,856,000..............9.6% 3. Columbia........................................$406,756,000 ...... $416,356,000................2.4% 4. Sumter ............................................$37,678,000 ........ $36,527,000.............. -3.1% 5. Florence...........................................$53,502,000 ........ $47,921,000............ -10.4% 6. Spartanburg......................................$70,033,000 ........ $61,288,000............ -12.5% 7. Anderson..........................................$58,869,000 ........ $49,796,000............ -15.4%

Housing Building Permits for Counties

Annual New Privately-Owned Residential Building Permits Ranked by Percent Change in Total Issued from 2010 - 2011 Total Total Percentage Rank/Cities 2010 2011 Change 1. Charleston...................................................1,201.................... 1,299..............8.16% 2. Dorchester......................................................521....................... 469............ -9.98% 3. Berkeley......................................................1,090....................... 876.......... -19.63% Ranked by Percent Change in Total Construction Costs from 2010 - 2011 Total Total Percentage Rank/Cities 2010 2011 Change 1. Charleston......................................$270,183,702 ...... $299,179,905 ...........10.73% 2. Dorchester......................................$122,032,434 ...... $115,550,044............ -5.31% 3. Berkeley.........................................$213,346,151 ...... $180,408,974 ......... -15.44% Source: U.S. Census Bureau

12 2012 Market Facts | www.charlestonbusines s.com

Re a l E s TAT E Real Estate

Industrial Buildings Ranked by Available Square Footage

Year Built

Brokerage Firm

Broker Phone / Website

2550 W. Fifth North St. Summerville, SC 29483

390,000

20

17

Metal

1977

Re/Max Pro Realty

843-576-2705 www.remaxprorealty.com

1 Belt Drive Moncks Corner, SC 29461

240,000

13.5

4

Insulated Metal/Block

1950

CBRE Carmody LLC

843-577-0702 www.cbre.com/charleston

0 Truxton Ave. North Charleston, SC 29405

220,000

45

1

Concrete

1935

Carolina Commercial LLC

843-805-6060 www.carolinacre.com

5801 N. Rhett Ave. Hanahan, SC 29410

211,680

24-28

36

Pre-cast Concrete

1980

Colliers International

843-723-1202 www.colliers.com/charleston

2725 W. Fifth North St. Summerville, SC 29483

200,000

20

18

Metal

1978

Lee & Associates Charleston

843-747-1200 www.lee-charleston.com

4500 Goer Drive North Charleston, SC 29406

200,000

18-24

15

Metal/Block

1965

Colliers International

843-723-1202 www.colliers.com/charleston

1124 Newton Way Summerville, SC 29483

183,300

32

56

Tilt-up

2007

Johnson Development Associates Inc.

843-853-0105 www.johnsondevelopment.net

3191 Ashley Phosphate Road North Charleston, SC 29418

157,000

21

10

Metal

1978

Colliers International

843-723-1202 www.colliers.com/charleston

1980 Technology Drive Charleston, SC 29492

153,500

30

69

Tilt-up

2007

CBRE Carmody LLC

843-577-0702 www.cbre.com/charleston

300 Eagle Road Goose Creek, SC 29445

140,000

20-30

23

Block

1973

CBRE Carmody LLC

843-577-0702 www.cbre.com/charleston

4400 Arco Lane North Charleston, SC 29418

135,221

20

21

Metal/Brick

1975

Carolina Commercial LLC

843-805-6060 www.carolinacre.com

211 Farmington Road Summerville, SC 29483

131,535

15.5-22

14

Metal/Block

1990

CBRE Carmody LLC

843-577-0702 www.cbre.com/charleston

2650 Carner Ave. North Charleston, SC 29405

127,000

15

4

Block

1965

Carolina Commercial LLC

843-805-6060 www.carolinacre.com

326 Deming Way Summerville, SC 29483

110,000

20

8

Metal

1998

Avison Young Inc.

843-725-7200 www.avisonyoung.com/offices/charleston

164 Spring Grove Drive Moncks Corner, SC 29461

103,050

20

11

Insulated Metal

1981

Patillo Industrial Real Estate

904-695-2452 www.pattilloconstruction.com Researched by Lindsay H. Valek

Import/export & distribution

Source: Colliers International. INP=Information not provided. Because of space constraints, only the top-ranked buildings are printed. For a full list, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com, fax to 843-849-3122 or go to www.scbiznews.com/data and click "Add Data."

Education

Wall Type

Employment & Economic development

Dock-Height Truck Doors

Demographics

Clear Height (in feet)

Financial Services

Available Square Feet

Address

Hospitality & Tourism Medical & Health Care Business Resources Government

31

www.charlestonbusiness.com | 2012 Market Facts

13

Real Estate

Re a l E s TAT E

Industrial Buildings Ranked by Available Square Footage Available Square Feet

Clear Height (in feet)

Dock-Height Truck Doors

Wall Type

Year Built

Brokerage Firm

Broker Phone / Website

7391 Pepperdam Ave. Charleston, SC 29418

101,500

20

6

Metal

1977

Carolina Commercial LLC

843-805-6060 www.carolinacre.com

7555 Palmetto Commerce Parkway North Charleston, SC 29456

100,000

24

25

Metal

1989

Maybank Properties LLC

843-740-9202 www.maybankproperties.com

900 A&B Commerce Circle Hanahan, SC 29410

100,000

21

36

Metal

1988

Maybank Properties LLC

843-740-9202 www.maybankproperties.com

1028 Legrand Blvd.

Charleston, SC 29492

84,416

26

6

Metal

1996

Cushman & Wakefield Thalhimer

843-724-0140 www.thalhimer.com

1445 Greenleaf St. Charleston, SC 29405

70,490

25

INP

Metal

1952

Palmetto Commercial Properties Inc.

843-577-2550 www.palmettocommercialproperties.com

3034-A Ashley Phosphate Road North Charleston, SC 29418

68,763

20

3

Metal

1986

Maybank Properties LLC

843-740-9200 www.maybankproperties.com

909 Commerce Circle Hanahan, SC 29410

51,253

16

12

Concrete/Metal

1974

Carr Properties LLC

843-744-2863 www.carr-properties.com

2490 W. Fifth North St. Summerville, SC 29483

50,000

24

4

Concrete/Metal

1998

Lee & Associates Charleston

843-747-1200 www.lee-charleston.com

3290 Benchmark Drive Ladson, SC 29456

50,000

22

14

Insulated Metal

2000

Holcombe Fair & Lane Real Estate

843-722-2642 www.hflcharleston.com

4567 A-B Piggly Wiggly Drive North Charleston, SC 29405

46,732

20

6

Metal

1960

Lee & Associates Charleston

843-747-1200 www.lee-charleston.com

4760 Goer Drive North Charleston, SC 29406

44,310

26

6

Concrete

2003

Simmons Realty

843-577-9600 INP

176 Academy Road St. George, SC 29477

44,260

16

INP

Metal

1990

Carolina Commercial LLC

843-805-6060 www.carolinacre.com

212 Industrial Road Summerville, SC 29483

44,000

18

2

Metal

1980

CBRE Carmody LLC

843-577-0702 www.cbre.com/charleston

1150 Kinzer St. North Charleston, SC 29405

43,000

22

INP

Concrete

1964

Lee & Associates Charleston

843-747-1200 www.lee-charleston.com

2509 Clements Ferry Road Charleston, SC 29492

40,950

26

4

Metal

2000

Avison Young Inc.

843-725-7200 www.avisonyoung.com/offices/charleston

Source: Colliers International. INP=Information not provided. Because of space constraints, only the top-ranked buildings are printed. For a full list, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com, fax to 843-849-3122 or go to www.scbiznews.com/data and click "Add Data."

Many firms claim to be the industry leader but there really is only one.

Call us and see what it means to work with the most admired brand in commercial real estate*

134 Meeting Street :: Suite 510 Charleston, SC 29401 843.577.0702 www.cbrecharleston.com

| C A R MO

20

RE

DY

Government

14

CB

Business Resources

Hospitality & Tourism

Some Things Never Change.

Medical & Health Care

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Address

th

ANNIVERSARY

*The Lipsey Company Brand Survey, 2011

14 2012 Market Facts | www.charlestonbusines s.com

Researched by Lindsay H. Valek

We only work for you.

The buyer

We know that helping you find the right home is about a lot more than bedrooms and bathrooms. It’s about making sure you know everything there is to know about Charleston – the city, the neighborhoods, the schools, the true market values and more – so that you can find a home that’s perfect in every way. That’s what we do best. And because we only represent buyers, you’ll never have to wonder where our priorities lie; we are your partner and your advocate from start to finish.

Let us show you why Charleston Preferred Properties is the right choice when it comes to buying a home in Charleston. Call our Buyers Representative today or visit us online at CharlestonPreferredProperties.com.

16

Government

Historical Office Data Trends – Charleston Market Quarter Vacancy Rate % 2012 1Q 8.9% 2011 4Q 8.9% 2011 3Q 9.0% 2011 2Q 9.3% 2011 1Q 9.4% 2010 4Q 9.8% 2010 3Q 10.8% 2010 2Q 10.2% 2010 1Q 10.9% 2009 4Q 10.3% 2009 3Q 9.8% 2009 2Q 9.8% 2009 1Q 9.8%

Net Absorption 9,704 200,565 69,700 30,597 61,241 169,242 (91,122) 169,652 (50,363) (87,429) 14,687 5,335 (39,562)

Average Rental Rate (Full Service) $18.70 $18.97 $19.11 $18.70 $18.78 $18.87 $18.62 $18.21 $18.23 $17.88 $18.32 $18.24 $18.45

Source: Lee & Associates Charleston & CoStar * Data includes office and medical office as well as owner occupied buildings over 10,000 SF

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Re a l E s TAT E

CharlestonPreferredProperties.com 888-216-0777

16 2012 Market Facts | www.charlestonbusines s.com

Historical Retail Data Trends – Charleston Market Quarter 2012 1Q 2011 4Q 2011 3Q 2011 2Q 2011 1Q 2010 4Q 2010 3Q 2010 2Q 2010 1Q 2009 4Q 2009 3Q 2009 2Q 2009 1Q

Vacancy Rate % 6.9% 6.4% 6.5% 6.7% 7.1% 7.3% 7.4% 7.5% 6.9% 6.9% 6.9% 7.4% 7.3%

Net Absorption (134,594) 161,893 47,210 112,544 67,438 20,232 27,478 16,794 (16,457) 115,602 181,724 139,438 (68,384)

Average Rental Rate (NNN) $14.31 $14.27 $14.08 $14.36 $14.10 $13.84 $14.54 $14.69 $15.47 $15.67 $14.72 $14.50 $13.70

Source: Lee & Associates Charleston & CoStar * Data includes retail buildings over 10,000 SF

Re a l E s TAT E Real Estate

Industrial sites available by county A snapshot of what was available on May 12, 2012

Largest (sq. ft.)

511,302 315,000 311,000

Financial Services

Industrial sites Buildings No. Smallest Largest No. Smallest Available (in acres) (in acres) Available (sq. ft.)

Berkeley 20 17.4 1,130 17 14,830 Charleston 21 2.87 1,288 8 20,000 Dorchester 20 5 1,239 14 12,500

Source: S.C. Department of Commerce

Historical Industrial Data Trends â&#x20AC;&#x201C; Charleston Market

Businesses looking for industrial parks can visit the Buildings and Sites GIS Locator provided by the S.C. Department of Commerce website at http:// maps.sccommerce.com/silverMap/viewer.aspx to find a location that suits their needs.

Education

Net Absorption 248,749 419,891 870,282 448,960 1,232,548 (362,425) 263,066 99,414 (275,899) 1,076,224 140,890 (585,801) 118,067

Employment & Economic development

Vacancy Rate % 8.7% 9.2% 9.5% 9.8% 10.8% 11.4% 10.5% 11.1% 11.3% 10.7% 13.2% 13.5% 12.1%

Find Industrial Parks and Sites across S.C.

Demographics

Quarter 2012 1Q 2011 4Q 2011 3Q 2011 2Q 2011 1Q 2010 4Q 2010 3Q 2010 2Q 2010 1Q 2009 4Q 2009 3Q 2009 2Q 2009 1Q

Average Rental Rate (NNN) $4.01 $4.07 $4.01 $4.00 $3.88 $3.94 $4.06 $4.22 $4.28 $4.39 $4.47 $4.48 $4.62

Import/export & distribution

Source: Lee & Associates Charleston & CoStar * Data includes industrial buildings over 10,000 SF

Hospitality & Tourism Medical & Health Care Business Resources

General Contracting | Design-Build Construction Management

Government

71

284A Meeting Street Charleston, SC 29401 | 843.619.4900 www.HoganConstructionGroup.com www.charlestonbusiness.com | 2012 Market Facts

17

Charleston Area Apartment Market 1,081 Central

Import/export & distribution

1,022 James Island 3,045 Mt. Pleasant

7,496 West Ashley

Charleston Submarket Comparison

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Re a l E s TAT E

3,841 Goose Creek

7,489 Summerville 5,232 North Charleston

Charleston Historical Summary of Apartment Units 30,000

Hospitality & Tourism

29,660 29,500

29,241 28,996

29,000 28,500

Medical & Health Care

28,129 28,000

29,206

28,316 27,597

27,500 27,000

27,072 26,533

Business Resources

26,500 26,000 25,500 25,000 Government

18

24,500 24,000

24,460 24,374

Feb-07 Aug-07 Feb-08 Aug-08 Feb-09 Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12

Source: Real Data, Charleston Apartment Index

18 2012 Market Facts | www.charlestonbusines s.com

Re a l E s TAT E $0.92

– Average Sq. Ft.

$1.08

– Average Rent/SF

900

$900

Highest Monthly Rent** Daniel Island Village

850

$850

Highest Rent per Square Foot** Sergeant Jasper Apartments

$800

Largest Management Company* AMCS

750

$750

Largest Ownership Group* Colonial Properties Trust

700

$700

*Based on number of units **Based on two bedrooms

$650

Source: Real Data, Charleston Apartment Index

983 $1,058

959 $685

981 $794

967 $802

973 $810

Goose Creek

1,072 $986

Central

1,022 $795

650

$1.03

735 $755

800

$0.81

$0.71

James Island

Mt. Pleasant

North Charleston

Summerville

West Ashley

Area Averages

Education

$950

1,000

$0.83

Employment & Economic development

950

Largest Floor Plan** Collins Park Villas

$0.81

Demographics

$1,000

Largest Community* Castlewood Apartments

$0.78

1,050

Financial Services

$1,050

Charleston Apartment Community Highlights

– Average Rent

Real Estate

Charleston Market Average Rental Rates

Import/export & distribution Hospitality & Tourism

Real Estate for Real People.

Medical & Health Care

Commercial leasing. Sales. Mangement.

Business Resources

BUY. MANAGE. SELL.

S O U T H E A S T E R N

M A N A G E M E N T

G R O U P

295 Seven Farms Drive | Suite 301 | Charleston, SC 29492 www.hillcon.com | 843-884-6888 www.charlestonbusiness.com | 2012 Market Facts

Government

91

BRYAN PERRUCCI CCIM CHAD YONCE CCIM CPM 843.577.8595 semgsc.com

19

Financial Services

Real Estate

Re a l E s TAT E

Charleston Foreclosure Timeline, Q1 2006 - Q2 2012 CHARLESTON

DORCHESTER

1400 1200 1000 800 600 400 200

Q1

Q2

Q3 2006

Q4

Q1

Q2

Q3

Q4

Q1

2007

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

BERKELEY

Government

20

20 2012 Market Facts | www.charlestonbusines s.com

Q2 2008

Q3

Q4

Q1

Q2

Q3 2009

Q4

Q1

Q2

Q3

2010

Q4

Q1

Q2

Q3 2011

Q4

Q1

Q2 2012

Source: RealtyTrac

Re a l E s TAT E Real Estate Financial Services

Number of Industrial Buildings per City

With the proximity of the Port of Charleston the health and growth of industrial and warehouse space in the Charleston area is critical to the economic development in the region. This analysis shows the ranking among the largest industrial buildings in the region by municipality.

The following chart shows the actual number of industrial buildings that are among the largest in the Charleston region based on square footage in each municipality.

Source: Colliers Keenan

Construction workers in the Charleston area are among the highest paid in the state of South Carolina. At an average of $17.48 per hour, construction pays 30 cents more per hour in the Lowcountry and the next highest region of the Midlands.

12

Government

Source: U.S. Bureau of Labor Statistics

% higher Region Annual pay Hourly rate than S.C. average Atlanta..................................... $39,440......................$18.96..................... 15% Savannah, Ga........................... $38,590......................$18.55..................... 13% Charlotte, N.C.......................... $37,510......................$18.04..................... 10% Jacksonville, Fla...................... $37,440......................$18.00...................... 9% Wilmington, N.C....................... $35,190......................$16.92...................... 3%

Business Resources

12 Months Construction jobs June 2012...........................75,800 May 2012............................76,000 April 2012............................75,400 March 2012.........................75,400 Februar 2012.......................76,000 January 2012......................74,900 December 2011...................74,800 November 2011...................75,100 October 2011......................75,600 September 2011..................76,300 August 2011........................77,000 July 2011............................77,400

Compared to other metro areas in surrounding states, construction labor costs are considerably higher in most regions. Average hourly rates in Charlotte, for example, are 3.2% higher than in Charleston for construction work.

Medical & Health Care

Jobs in construction fell 1.9% in the Palmetto State when comparing June 2011 at 77,300 to June 2012 at 75,800. While not all construction jobs are in housing, the sector was hit hard during the recession and many of the lost jobs have not returned.

Hospitality & Tourism

Construction Jobs in South Carolina

Region Annual pay Hourly rate % of S.C. average Charleston............................... $36,350......................$17.48.................... 106% Midlands.................................. $35,730......................$17.18.................... 104% Upstate.................................... $34,260......................$16.47.................... 100% Myrtle Beach........................... $33,040......................$15.89....................96.5% Pee Dee................................... $31,850......................$15.31....................92.9%

Import/export & distribution

Labor Costs and Construction

Education

Source: Colliers Keenan

Employment & Economic development

City Square feet Percentage North Charleston.....................................1,142,026........................................32.0% Summerville...........................................1,108,835........................................31.0% Charleston.................................................380,366........................................10.7% Hanahan....................................................362,933........................................10.2% Moncks Corner..........................................343,050..........................................9.6% Goose Creek..............................................140,000..........................................3.9% Ladson........................................................50,000..........................................1.4% St. George....................................................44,260..........................................1.2% Totals......................................................3,571,470.........................................100%

City Buildings Avg. SF per North Charleston.................................................10..................................... 114,202 Summerville.........................................................7..................................... 158,405 Charleston............................................................4....................................... 95,091 Hanahan...............................................................3..................................... 120,977 Moncks Corner.....................................................2..................................... 171,525 Goose Creek.........................................................1..................................... 140,000 Ladson.................................................................1....................................... 50,000 St. George.............................................................1....................................... 44,260

Demographics

Top Industrial Sites in the Charleston area by city

Source: U.S. Bureau of Labor Statistics as of May 2011

www.charlestonbusiness.com | 2012 Market Facts

21

Employment & Economic development

Demographics

Financial Services

Real Estate

F i n a n c i a l Se r v i ce s

Financial Services

W

ith $9.4 billion in deposits, the financial institutions operating and headquartered in the Charleston area represent more than 25% of the financial assets in banks across the state.

The largest banking institution headquartered in the Charleston area, First

Federal Savings and Loan, also holds the second-highest market share for the

Education

region. First Federal posted $1.4 billion in local deposits, according to federal financial data, giving the bank a 15.72% market share for the region. The only bank operating in the region with more local deposits was Wells Fargo Bank,

-34%

loss in total assets of S.C. banks from 2009 to 2011 Page 24

this year.

Access to capital continues to remain an issue for small businesses throughout the U.S. and South Carolina, but the size and number of small business loans has been increasing over the past 12 months. The U.S. Small Business Administration facilitated 70 loans in the Charleston area worth $30 million in 2011. Thatâ&#x20AC;&#x2122;s an increase from 2010 when the agency approved 66 loans that were worth just $17 million.

Section Sponsor

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

which took over Wachovia during the Great Recession and rebranded the bank

Fast Facts

Government

22

22 2012 Market Facts | www.charlestonbusines s.com

$4.012B

Total mergers & acquisitions deal value in S.C. for 2011 Page 25

$200M

Loans guaranteed by the U.S. Small Business Administration in 2011 for South Carolina Page 26

Real Estate

F i n a n c i a l Se r v i ce s

South Carolina Banking Trends Selected items from the FDIC quarterly profile reports.

Financial Services

Net income - in Millions of Dollars 2009

Total Assets - in Billions of Dollars

2010

$60B

2011

$56.7B

$21M

$100M

-34%

$55B

Demographics

$0 -$100M

loss in total assets since 2009

$50B

-$200M

-$111M

-$300M

$45B

Employment & Economic development

-$400M -$500M

$38.2B

$40B

-$600M

$37.4B

-$700M $35B

-$800M

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

-$900M

Government

24

-$1,000M

$30B 2009

-$967M

2010

2011

Percent of Unprofitable Institutions

52.81%

46.99%

2009

36.84%

2010

2011

Other Information - Dollar Figures in Millions

Category Earning assets Total loans and leases Total deposits Ratios Percent of unprofitable institutions Percent of institutions with earning gains Return on assets Return on equity Net loans and leases to assets Core deposits to total liabilities

As of Dec. 31, 2009 As of Dec. 31, 2010 Assets Assets Assets Assets All less than greater less than greater institutions $100M than $100M All institutions $100M than $100M $50,768 $1,121 $49,647 $34,001 $1,165 $32,835 $40,533 $781 $39,751 $25,496 $799 $24,698 $5,189 $188 $5,001 $3,615 $177 $3,438 52.81% 21.35% -1.71 -17.5 69.57 72.01

50.00% 25.00% -0.77 -5.03 61.73 70.75

53.62% 20.29% -1.73 -17.93 69.74 72.04

46.99% 48.19% -0.28 -3.03 65.3 73.06

55.00% 60.00% -0.94 -6.36 61.35 68.81

44.44% 44.44% -0.13 -2.85 65.43 73.2

As of Dec. 31, 2011 Assets Assets All less than greater institutions $100M than $100M $33,298 $1,042 $32,256 $23,788 $665 $23,123 $30,875 $157 $3,717 36.84% 57.89% 0.06 0.56 62.1 75.21

35.29% 52.94% -0.38 -2.68 57.43 68.36

37.29% 59.32% 0.07 0.7 62.24 75.41

Source: Federal Deposit Insurance Corp., State Banking Performance Summary of FDIC-Insured Institutions

24 2012 Market Facts | www.charlestonbusines s.com

F i n a n c i a l Se r v i ce s

in South Carolina in 2011, based on data from S&P Capital IQ.

Real Estate

A recap of mergers and acquisitions involving companies or assets

M&A REPORT Financial Services

Frequent buyers 8

SC Launch Greystar Real Estate Partners LLC

CertusBank National Association Tailored Management Services LLC The Orlean Co. Edens

Silver Scott Mines Inc. SOURCE: S&P Capital IQ

SOURCE: S&P Capital IQ

SC Launch, a program of the SCRA, provides seed capital to startup companies based in South Carolina. Since its inception in 2006, SC Launch has invested in 271 companies. That funding has helped attract another $185 million in follow-on capital from other private sources.

Import/export & distribution

Mauldin-based Bi-Lo acquired the Winn-Dixie grocery chain in a deal valued at $690 million. Combined, the grocery chains operate nearly 63,000 people in eight states. In March, Bi-Lo LLC and Winn-Dixie

ts by total transaction size in 2011 n e m t s e v n Big i uth Carolina buyers and investors o Most active S

ctions No. of Transa

Company

Corp.

sonville, Fla. over Mauldin as site of

2. Bi-Lo LLC

the combined companiesâ&#x20AC;&#x2122; corporate

d 3. Sonoco Pro

headquarters. Bi-Lo said it will maintain a presence in Mauldin, where it

1 ucts Co.

amics Land . General Dyn

4

Systems Inc.

ers l Estate Partn

off Laurens Road, though layoffs are

6. 3D System

possible as the company evaluates what

tate Tea 7. New York S

s Corp.

on

$359.97 milli

1

on

$357.68 milli

6 10

ent System

1 1 1

$150 million $150 million $150 million $150 million

52

Government

chersâ&#x20AC;&#x2122; Retirem ent System m re ti e R n a ig f Mich 8. The State o etirement R y e rs e J w e fN 9. The State o olding Corp.

H p u ro G G P T 10.

1

on

$167.55 milli

Business Resources

employs nearly 500 people at an office

a 5. Greystar Re

positions will remain.

on $620.42 milli $550 million

1

Medical & Health Care

Stores Inc. said they chose Jack-

on

$690.38 milli

1

ia 1. Mood Med

Value

Hospitality & Tourism

690 grocery stores and employ

Education

SCBT National Association

3 3 3

4 4

5 5

Total M&A deal value in S.C. for 2011

Employment & Economic development

AIMCO Properties LP

6

$4.012 billion

10

3D Systems Corp.

Demographics

Most active buyers and investors in South Carolina in 2011 by number of transactions

l IQ

Source: Capita

www.charlestonbusiness.com | 2012 Market Facts

25

Loans Guaranteed by the U.S. Small Business Administration Loans Guaranteed by the U.S. Small Business Administration for South Carolina for Charleston, Berkeley and Dorchester Counties SBA Loan Approvals

Financial Services

Real Estate

F i n a n c i a l Se r v i ce s

Dollar Volume

670

2006

Demographics

724

Employment & Economic development

Education Import/export & distribution

600

$176M

450

369

2009

384

2010

361

2011

300

150

0

101

$117M $200M

Source: Federal Deposit Insurance Corp.

Medical & Health Care Business Resources Government

26

26 2012 Market Facts | www.charlestonbusines s.com

2010

70 75

$19M

2009

66

100

$21M

2008

74

125

$35M

2007

$103M

$100M $120M $140M $160M $180M $200M

$29M

2006

130

$171M

2008

Dollar Volume

118

Hospitality & Tourism

750

$144M

2007

597

SBA Loan Approvals

50

$17M $30M

2011

25

0

$0M

$7M

$14M

$21M

$28M

$35M

Source: Federal Deposit Insurance Corp.

F i n a n c i a l Se r v i ce s Deposits as of June 30, 2011, Charleston-North Charleston-Summerville MSA There are 30 institutions on the complete list, but only the top 10 are shown.

Bank class N SA N NM NM NM NM NM NM NM

Charter Federal Federal Federal State State State State State State State

Market share 22.46% 15.72% 12.26% 7.20% 6.91% 4.98% 3.99% 3.66% 2.84% 2.75%

First Federal Savings and Loan Association of Charleston ........ 13.36%.......... 15.72%...........2.36%

.......... 6.59%............ 7.20%...........0.61%

Calculated for fiscal years ending June 30 of year indicated

2010 No. of offices Deposits ($000) 29 $819,938 142 $7,939,671

Dorchester 39 $1,049,942

39

$1,045,573

2011 No. of offices Deposits ($000) 28 $765,278 145 $7,661,070 38

$1,010,564

Import/export & distribution

Source: Federal Deposit Insurance Corp., June 30, 2011

Note: Synovus Bank has taken over The National Bank of South Carolina since 2008.

Source: Federal Deposit Insurance Corp.

Deposit Market Share report

Education

2009 No. of offices Deposits ($000) 29 $811,053 141 $7,693,895

First Citizens Bank and Trust Company, Inc. .......... 5.71%............ 6.91%...........1.20%

Employment & Economic development

Bank of America, National Association ........ 13.40%.......... 12.26%......... -1.14%

*Community FirstBank and Crescent Bank merged to form CresCom Bank in March 2012.

Bank Class: N=national bank; NM=Federal Reserve nonmember Source: Federal Deposit Insurance Corp. annual Deposit Market Share Report Synovus Bank

Number of Offices of Savings Institutions and Deposits, 2009-2011

County Berkeley Charleston

Wells Fargo Bank, National Association ........ 24.94%.......... 22.46%......... -2.48% Demographics

State HQ SD SC NC GA SC SC SC SC SC SC

The top banksâ&#x20AC;&#x2122; percentage point gain or loss in deposit market share since 2008.

Market share totals were determined as of June 30 of each year.

2008 2011 % Change

Financial Services

Institution Wells Fargo Bank, National Association First Federal Savings and Loan Association of Charleston Bank of America, National Association Synovus Bank First Citizens Bank and Trust Co. Inc. Branch Banking and Trust Co. CresCom Bank* SouthCoast Community Bank The Bank of South Carolina Tidelands Bank

No. of local Local deposits offices ($000) 26 $2,119,436 30 $1,483,780 18 $1,156,889 9 $679,461 22 $652,045 12 $469,628 6 $376,358 11 $344,961 4 $267,924 4 $259,066

Market Shift, 2008-2011

Real Estate

Deposit Market Share Report

Hospitality & Tourism Medical & Health Care Business Resources Government

72

www.charlestonbusiness.com | 2012 Market Facts

27

Demographics

C

ensus data from 2010 show increases in population across the Lowcountry. With a 41.6% growth rate, Dorchester County was the fastestgrowing 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 seventhlargest in the entire state by population.

Fast Facts 24.8 min.

Mean Travel Time to Work In Charleston Page 30

The cost of living remains relatively higher in the Charleston-North Charleston metropolitan statistical area than in much of the Southeast, especially in regard to housing, which is the largest cost-of-living item for the region. The Charleston area costs rank 24 points above the national average and 49 above the Atlanta area.

Section Sponsor

664,607

Total population for Berkeley, Charleston and Dorchester counties Page 33

46.1%

Percent growth in Dorchester county from 2000 - 2011 Page 33

28 2012 Market Facts | www.charlestonbusines s.com

Real Estate

De m o g r a p h i c s

Commuting to Work The American Community Survey estimated the 2011 statistics of commuter behavior based on the 2010 Census.

– Bicycle

– Walked

0.7% 4.7% 0.3% 0.5% 7.8%

– Car, truck or van (carpooled) – Other means

4.5%

– Public transportation (excluding taxicab)

– Worked at home

0.9% 4.0% 1.7% 2.3% 9.1%

Berkeley County

Employment & Economic development

Demographics

Financial Services

– Car, truck or van (drove alone)

3.6%

3.7%

1.0% 1.0% 0.5% 10.9%

Charleston County

Dorchester County

Total Commuters 80,712

Total Commuters 166,082

Total Commuters 56,617

81.5%

78.5%

83.1%

SKRWR E\ -RKQ %HUQKDUG

Hospitality & Tourism

Import/export & distribution

Education

Note: Dorchester County’s figures had not been estimated by the American Community Survey, so 2010 figures are used.

Source: U.S. Census Bureau, American Community Survey, 2010 Means of Transportation to Work

Medical & Health Care

New Construction

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Remodeling

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Business Resources Government

BDI Pharma

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Midlands Technical College

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30 2012 Market Facts | www.charlestonbusines s.com

SC Heart Center

First Nat’l Bank of Summerville

De m o g r a p h i c s

U.S. Average............................25.3 Raleigh, N.C.............................24.9

345,499

300,000

U.S. Regional Breakdown

275,796

Demographics

Austin, Texas...........................25.0

350,000

250,000

Charleston...............................24.8 Jacksonville, Fla......................24.8

200,000

Richmond, Va...........................24.6 Anderson.................................23.2 Savannah, Ga...........................22.9 Knoxville, Tenn.........................22.8

150,000

124,324

100,000

79,087 52,857

50,000

Greenville.................................22.1 Asheville, N.C...........................21.4 Source: U.S. Census Bureau, American Community Survey

0

Born in S.C.

Born in different state

Northeast

Midwest

South

West

36,081 10,365

Born in U.S. Foreign-born territory or abroad to U.S. parents

Import/export & distribution

Source: U.S. Census Bureau, 2010 American Community Survey, Place of Birth by Citizenship Status, One-Year Estimates

Education

Lexington, Ky...........................20.0

19,528

Employment & Economic development

Columbia..................................23.4

Financial Services

Birthplaces for Charleston, Dorchester and Berkeley County Residents

Atlanta.....................................30.3 Charlotte..................................25.4

Real Estate

Nat ve?

Mean Travel Time to Work In minutes

Hospitality & Tourism Medical & Health Care Business Resources Government

13

www.charlestonbusiness.com | 2012 Market Facts

31

Real Estate

De m o g r a p h i c s

Population Counts and Projections – Berkeley County

– Charleston County

– Dorchester County

400,000

Financial Services

350,000 300,000

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

250,000

Government

32

200,000 150,000

Cost of Living Index for Selected Cities, Ranked Lowest to Highest Food Housing Utilities

Transportation Health

A score of 100 is equal to the national average. A score greater than 100 means it is more expensive, and a score less than 100 means it costs less.

Anderson

Spartanburg Savannah Overall Rating 89 106 54 103 96 98 Misc 102

Overall Rating 91 97 75 103 97 91 Misc 98

Myrtle Beach

Charlotte

Greenville

Atlanta

Columbia

Overall Rating 88 107 59 100 93 97 Misc 97

Overall Rating 93 100 82 95 97 94 Misc 99

Richmond

Overall Rating 98 102 88 108 104 110 Misc 99

Overall Rating 93 103 74 98 99 102 Misc 99

Raleigh

Overall Rating 102 100 108 104 95 103 Misc 98

Overall Rating 94 99 75 96 105 103 Misc 103

Overall Rating 95 104 78 107 97 94 Misc 101

Overall Rating 110 107 124 111 96 109 Misc 102

100-national average Miscellaneous=items not covered in other categories including clothing, restaurants, repairs, entertainment and other services.

Source: bestplaces.net Source: Salary.com Cost of Living Wizard

32 2012 Market Facts | www.charlestonbusines s.com

50,000 0 2000

2010

2015

2020

2025

2030

Source: S.C. Statistical Abstract as calculated by the S.C. Budget and Control Board and Office of Research and Statistics using figures provided by U.S. Census Bureau

Overall Rating 92 108 62 113 93 101 Misc 102

Everett, Wash. Charleston Overall Rating 109 108 116 93 106 117 Misc 108

100,000

129,272

Columbia is S .C.’s largest city

Largest South Carolina Cities and Towns Geographic Area.............2010 Pop.

Geographic Area.............2010 Pop.

1. Columbia........................... 129,272

11. Spartanburg....................... 37,013

2. Charleston................... 120,083

12. Goose Creek................. 35,938

3. North Charleston............ 97,471

13. Aiken................................. 29,524

4. Mount Pleasant.............. 67,843

14. Myrtle Beach..................... 27,109

5. Rock Hill.............................. 66,154

15. Anderson........................... 26,686

6. Greenville............................ 58,409

16. Greer................................. 25,515

7. Summerville.................. 43,392

17. Greenwood........................ 23,222

8. Sumter................................ 40,524

18. Mauldin............................. 22,889

9. Hilton Head Island................ 37,099

19. North Augusta.................... 21,348

10. Florence............................ 37,056

20. Easley................................ 19,993

Note: Since the 2010 Census, the U.S. Census Bureau has yet to estimate growth for incorporated places.

Source: S.C. Statistical Abstract, U.S. Census Bureau

De m o g r a p h i c s

35,707

Other Race

Hispanic/Latino

County.....Growth County.....Growth

13,895

Dorchester....46.1% Greenwood.....5.4% Horry............40.5% Newberry........4.5%

Two or More Races

Asian/Native Hawaiian and Other Pacific

York..............40.0% Saluda............3.7% Beaufort.......36.2% Dillon..............3.4% Berkeley.......28.7% Sumter...........2.7% Lancaster.....27.9% Darlington.......1.3%

American Indian or Alaska Native

Lexington......23.7% Colleton..........0.9% Jasper..........21.8% McCormick.....0.8%

664,607

435,763

Total Population of Berkeley, Charleston and Dorchester Counties

African-American

Caucasian

Greenville.....21.5% Fairfield..........0.5% Richland.......21.3% Orangeburg....0.4% Kershaw.......18.3% Calhoun........ -0.3% Charleston....15.4% Marlboro....... -1.1% Anderson......13.7% Hampton....... -2.6% Spartanburg..13.0% Chester......... -3.4% Aiken............12.7% Abbeville....... -3.8% Florence.........9.6% Bamberg....... -4.1%

Source: S.C. Statistical Abstract; U.S. Census Bureau, Census of Population and Housing 2010 and 2000

Chesterfield....8.9% Laurens........ -4.4% Edgefield........8.4% Barnwell....... -4.8% Georgetown....7.5% Marion.......... -7.4% Clarendon.......6.8% Williamsburg... -8.4% Cherokee........5.7% Allendale...... -9.2% Source: U.S. Census Bureau

Hospitality & Tourism

Average Wage Growth 2000-2010

2010 Per Capita Personal Income

$46,000

â&#x20AC;&#x201C; 2005

$44,000 $42,000 $40,000

â&#x20AC;&#x201C; 2010

$40,000

Medical & Health Care

2010: Charleston wages more than 84.8% of U.S. avg.

$30,000

UNITED STATES

$36,000 2000: Charleston wages 78% of U.S. avg.

$32,000

CHARLESTON MSA

$20,000

Business Resources

$34,000

2003: Charleston surpasses S.C. average

Import/export & distribution

Pickens...........8.0% Lee............... -5.7%

Education

Oconee.........12.4% Union............ -4.0%

Employment & Economic development

184,019

Demographics

3,039

$38,000

Financial Services

16,445 61,757

South Carolina Population Growth from 2000-2011

by County

Real Estate

Population by Race for Berkeley, Charleston and Dorchester Counties Combined

$10,000

SOUTH CAROLINA

$30,000 0

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Source: U.S. Bureau of Labor Statistics

ste r he

ley

es ton

Do rc

2000

arl

$26,000

Ch

rke

.

Be

S.C

U.S

.

33

Source: U.S. Bureau of Economic Analysis and Bureau of the Census

www.charlestonbusiness.com | 2012 Market Facts

Government

$28,000

33

Employment & Economic Development

W

ith technology, engineering, architecture, service industries and health care ranking as the fastest-growing job sectors in the Charleston area, it’s not surprising that some of the largest com-

panies in the region — Blackbaud, Benefitfocus, Medical University of South Carolina and Joint Base Charleston — include those sectors.

For the past few years, the emergence of several technology startups her-

alded a growing knowledge economy in the region as public and private incubators and organizations across the region helpe develop the sector.

Like many states, South Carolina continues to struggle with nearly doubledigit unemployment figures, but that’s not the case for the three-county area in Charleston, according to the latest numbers from the S.C. Department of

Fast Facts 91.8%

The percentage growth in the Computer and Mathematical job sector from 2000 - 2011 Page 36

Employment and Workforce. While more than half of South Carolina’s counties have unemployment rates of more than 10%, Berkeley County, Charleston and Dorchester County have a combined jobless rate of 8.5%. That’s an improvement from the recession years, when both Berkeley and Dorchester counties went above 10% in unemployment and Charleston County broke 9%.

Section Sponsor

2.10

The amount of patents per employee for Charleston MSA in 2009 Page 36

55

The amount of patents issued in Charleston in 2009 Page 36

34 2012 Market Facts | www.charlestonbusines s.com

Patents Patents Issued 2010,

by Metropolitan Area

County Unemployment Rates by Year and for June 2012 – Berkeley County

189

– Charleston County

– Dorchester County

10.5%

Financial Services

Real Estate

e m p l o y m e n t & ec o n o m i c d e v e l o p m e n t

10.0% 9.5%

8.5% 8.0%

61

55

7.5%

47

Employment & Economic development

Demographics

9.0%

7.0%

19

6.5% 6.0% 5.5%

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

5.0%

Charleston Columbia

Greenville Spartanburg Anderson

4.5%

Source: U.S. Patent Office

4.0% 2007

Patents by Organization

Patents issued to organizations in the CharlestonNorth Charleston Metropolitan Area, 2005-09 Organization...................................... No. Hill-Rom Services Inc. ...............................22 Medical University of South Carolina............9 Meadwestvaco Corp. ..................................8 Force Protection Industries Inc. ...................7 Applied Medical Resources Corp. ................4 Rhodia Inc. ..................................................4 Quoizel Inc. .................................................4 Netalog Inc. ................................................4 ITT Manufacturing Enterprises Inc. ..............4 Force Protection Technologies Inc................4 Source: Institute for Strategy and Competitiveness, Harvard Business School

Patents per Employee, 2009 Business Resources

Number of patents issued in an area per 10,000 employees

6.95

2.14

2.10

36

Government

6.24

U.S. Avg.

Charleston MSA

Columbia

Greenville MSA

Source: Professor Michael E. Porter, Cluster Mapping Project, Institute for Strategy and Competitiveness, Harvard Business School; Richard Bryden, project director, 2012

36 2012 Market Facts | www.charlestonbusines s.com

2008

2009

2010

2011

June ’12

Source: U.S. Department of Labor, Bureau of Labor Statistics

Fastest-Growing Job Sectors, 2011, Charleston MSA Category Employment % chg 00-11 1. Computer and Mathematical............................................6,060.......................91.8% 2. Architecture and Engineering...........................................7,550.......................79.8% 3. Personal Care and Service...............................................8,100.......................68.4% 4. Health Care Practitioners and Technical.........................21,460.......................67.1% 5. Business and Financial Operations.................................10,930.......................54.6% 6. Arts, Design, Entertainment, Sports and Media.................2,630.......................40.6% 7. Office and Administrative Support..................................49,470.......................38.7% 8. Health Care Support.........................................................7,650.......................38.3% 9. Sales and Related..........................................................31,970.......................32.5% 10. Legal.............................................................................2,050.......................29.7% 11. Protective Service..........................................................7,360.......................28.4% 12. Food Preparation and Serving-Related.........................28,740.......................26.7% 13. Community and Social Services.....................................2,980.......................14.2% 14. Installation, Maintenance and Repair............................12,580.......................10.6% 15. Building and Grounds Cleaning and Maintenance.........10,680.........................8.5% 16. Production...................................................................16,320.........................4.4% 17. Life, Physical and Social Science...................................1,860.........................1.1% 18. Transportation and Material Moving.............................18,050....................... -2.2% 19. Education, Training and Library....................................14,490....................... -2.6% 20. Management...............................................................13,360..................... -16.4% 21. Construction and Extraction.........................................10,610..................... -25.6% 22. Farming, Fishing and Forestry...........................................140..................... -46.2% Total................................................................................285,060.......................21.6% Source: U.S. Bureau of Labor Statistics; compiled by Center for Business Research, Charleston Metro Chamber of Commerce

e m p l o y m e n t & ec o n o m i c d e v e l o p m e n t

$50,000 in Charleston ...

Charleston Area Largest Software/IT Employers

Education

Company Product Employees 1. Blackbaud Inc................................................Software company...................... 1,203 2. AT&T..............................................................IT services and networking............ 525 3. Benefitfocus...................................................Software company......................... 425 4. Ricoh USA Inc................................................IT services and networking.............. 55 5. BoomTown.....................................................Software company........................... 50 6. Modus21.......................................................Software company........................... 50 7. EarthLink Business........................................IT services and networking.............. 50 8. Technology Solutions of Charleston Inc. .........IT services and networking.............. 40 9. Communication Management........................IT services and networking.............. 25 10, Charleston Networks & Computers LLC........Software company........................... 21

Employment & Economic development

Source: Salary.com Cost of Living Wizard

Interior of Blackbaud’s corporate headquarters on Daniel Island (Photo/Leslie Burden)

Demographics

Employers And disposable will pay income will be 3.4% less $4,002 more 0.8% less $1,966 more 4.2% less $1,902 more 0.6% less $1,142 more 2.8% more $691 more 2.1% more $225 more 6.1% less $6 more 6.8% less $86 less 4.9% less $453 less 5.1% less $916 less 3.5% more $721 less 9.8% less $3,332 less 11.6% more $4,299 less 7.3% less $5,735 less

Financial Services

... and get a Your cost of comparable job in living will be Birmingham, Ala. 11.4% lower Greenville 4.8% lower Nashville, Tenn.

8.1% lower Jacksonville, Fla. 2.9% lower Charlotte 1.4% higher Richmond, Va. 1.6% higher Savannah 6.1% lower Florence 6.7% lower Spartanburg 4.0% lower Columbia 3.2% lower Atlanta 5.0% higher Charleston, W.Va. 3.2% lower Everett, Wash.

20.2% higher Asheville, N.C. 4.2% higher

Real Estate

If you make

Import/export & distribution

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Our trucks transport metals of all kinds and sizes in containers or flatbeds, low-sides, hi-sides and dumps.

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“The LowCountry’s Leader in Metal Recycling” www.charlestonbusiness.com | 2012 Market Facts

73

Government

PIERS maintains the most complete database of import information and the only database for export information. PIERS trade data is standardized and verified by industry experts and then further enhanced with additional intelligence. Major ship carriers use PIERS for market share analysis; key importers and exporters discover new markets; and Government organizations use it to validate their own reports. All this makes PIERS your best and most refined source to find customers, partners, shippers and suppliers.

Business Resources

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ALSO DESCRIBES THE TRADE DATA USED BY BUSINESS TO GROW

Medical & Health Care

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Hospitality & Tourism

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Why do more businesses choose Charleston Steel over the others?

37

Top 20 Capital Investment Announcements in S.C. for 2011 The top economic development announcements from the S.C. Department of Commerce and other local economic development agencies across the state in 2011 Rank/Company 1. Bridgestone Americas Tire Operations 2. Continental Tire the Americas LLC 3. Nephron Pharmaceuticals Corp.

4. Bridgestone Americas Tire Operations 5. Bridgestone Americas Tire Operations 6. Michelin North America Inc. 7. BMW Manufacturing Co. 8. Sonoco 9. ZF Group 10. Bosch Rexroth Corp.

11. Michelin North America Inc. 12. Amyâ&#x20AC;&#x2122;s Kitchen 13. Gestamp South Carolina LLC 14. Southeast Renewable Energy 15. Guardian Industries Corp.

16. GKN Aerospace 17. TIGHitco Inc. 18. Amazon.com Inc. 19. Tire International Environmental Solutions Inc. 20. 5-Star USA Inc. TOTAL

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

e m p l o y m e n t & ec o n o m i c d e v e l o p m e n t

U.S. Rank/ Municipality $0

24. Charlotte

29. Orlando, Fla.

45. Richmond, Va.

5.2%

of the capital investment in the top 20 came to the Charleston tri-county area.

7.0%

of the jobs created in the top 20 came to the Charleston tri-county area.

Source: S.C. Department of Commerce

Total GDP In Billions of Dollars $10B

$20B

$30B

$40B

0.5%

1.0%

1.5%

2.0%

$50B

$60B

$70B

$80B

$90B

$100B

$110B

$120B

$130B

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%

6.0%

6.5%

46. Jacksonville, Fla. 49. Raleigh-Cary, N.C. 50. Birmingham, Ala. 69. Columbia

71. Knoxville, Tenn.

76. Charleston

85. Greenville

141. Asheville, N.C.

147. Savannah

38

165. Spartanburg

283. Anderson

Business Resources

Job Creation 550 1,620 707 178 122 220 100 10 300 160 50 700 100 20 50 250 350 750 150 1,000 7,387

Gross Domestic Product by Metropolitan Area, 2007-2010, in Current Dollars

Government

County Capital Investment Aiken $894,300,000 Sumter $500,000,000 Lexington $313,000,000 Aiken $211,400,000 Aiken $135,000,000 Lexington $130,000,000 Spartanburg $100,000,000 Darlington $100,000,000 Laurens $80,000,000 Greenville $80,000,000 Lexington $70,000,000 Greenville $63,000,000 Union $57,000,000 Dorchester $50,000,000 Chester $45,000,000 Orangeburg $38,000,000 Charleston $30,000,000 Lexington $25,000,000 Berkeley $25,000,000 Marlboro $25,000,000 $2,971,400,000

0%

Percentage Growth from Previous Year Source: U.S. Department of Commerce, Bureau of Economic Analysis

38 2012 Market Facts | www.charlestonbusines s.com

e m p l o y m e n t & ec o n o m i c d e v e l o p m e n t Real Estate

Capital Investment and Job Recruitment by County, 2007-11 – Berkeley County

– Charleston County

– Dorchester County

Boeing lands in S.C.

$1,000M

5,000

$900M

3,500

2007

2008

2009

2010

2011

450

446

2008

2009

2010

231

822

1,358

1,177 744

737

2007

137

0

480

500

563

1,000

664

$164,550,000

$89,773,000 $239,800,000

$238,689,000

$152,529,000

$31,500,000

$145,292,000

1,500

2011

Hospitality & Tourism

HARNESSING SYSTEMS

Import/export & distribution

These totals reflect only job recruitment and capital investment associated with projects facilitated by the SC Department of Commerce.

The Savannah River Site, real estate development projects and utility construction are not counted among the investments.

Source: S.C. Department of Commerce

Education

0

$31,990,000

$100M

$128,180,000

$200M

$74,190,000

$300M

$51,121,000

2,000

$27,000,000

$400M $178,030,000

2,500

Employment & Economic development

$500M

1,525

3,000

199

$600M

4,000

$534,500,000

$700M

4,500

Demographics

$800M

5,057

Job Recruitment $985,480,000

Capital Investment

Financial Services

Comparing the investment with other years shows just how large was the economic impact of Boeing’s decision to come to South Carolina.

TO POWER THE FUTURE

Medical & Health Care

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Business Resources

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Government

93

www.charlestonbusiness.com | 2012 Market Facts

39

Real Estate

e m p l o y m e n t & ec o n o m i c d e v e l o p m e n t

Nonprofit

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Income and Expenses for Nonprofits, organized by Charitable Focus

Government

40

Expenses

ARTS & CULTURE 1 Spoleto Festival USA 2 The Dictionary Project 3 Historic Charleston Foundation 4 Charleston Wine & Food Festival 5 Charleston Symphony Orchestra 6 Charleston Museum 7 S.C. Martime Heritage Foundation 8 Gibbes Museum of Art 9 Charleston Stage Company 10 The Cooper River Bridge Run Inc. EDUCATION 1 Charleston Southern University 2 Porter-Gaud School* 3 James Island Charter High School 4 Ashley Hall 5 The Citadel* 6 Pinewood Preparatory School 7 Orange Grove Elementary Charter School 8 College of Charleston* 9 Charleston Day School 10 Mason Preparatory School ENVIRONMENT 1 Charleston Animal Society 2 Coastal Conservation League 3 South Carolina Aquarium 4 International Primate Protection League 5 Lowcountry Open Land Trust 6 Pet Helpers 7 Southeastern Wildlife Exposition 8 Berkeley County SPCA 9 Kiawah Island Natural Habitat Conservancy 10 Center for Birds of Prey NEIGHBORHOOD & COMMUNITY DEVELOPMENT 1 S.C. Association of Community Development Corporations 2 Dorchester Habitat for Humanity 3 Sea Island Habitat for Humanity 4 Habitat for Humanity of Berkeley County 5 Sea Island Community Development Funds 6 Metanoia 7 Charleston Habitat for Humanity 8 Lowcountry Housing and Economic Development Foundation 9 St. James South Santee Community Center 10 Charleston Area Community Development Corp.

Year of Report

Income

2010 2010 2010 2010 2010 2010 2009 2010 2011 2010

$7,991,330 $4,007,675 $3,970,590 $2,159,044 $2,158,199 $2,000,318 $1,851,806 $1,577,779 $1,558,853 $1,466,601

2010

2010 2010

$66,262,564 $18,111,003 $13,324,750 $12,592,012 $9,679,735 $7,286,228 $6,097,880 $5,341,287 $5,242,630 $3,163,999

$51,478,092 $13,336,037 $8,064,726 $9,741,316 $10,629,139 $4,970,311 $5,356,227 $4,740,482 $2,134,685 $2,478,576

2010 2010 2011 2010 2010 2010 2010 2008 2010 2009

$2,762,717 $2,647,293 $1,603,138 $1,360,869 $1,291,378 $1,290,728 $1,162,247 $583,461 $583,217 $580,446

$2,484,789 $2,008,055 $1,389,870 $1,042,516 $851,937 $1,084,904 $987,690 $638,532 $279,801 $581,278

$264,961 $354,748 $472,323 $122,009 $83,678 $127,636 $312,667 $67,836 $41,641 $217,244

2010

$1,039,064

$666,993

2010 2010 2010 2010 2009 2010 2009

$749,620 $732,263 $698,764 $695,688 $681,768 $621,848 $598,357

2010 2010

$463,468 $446,965

2011 2010 2011 2010

40 2012 Market Facts | www.charlestonbusines s.com

Other

Total Expenses

Assets

Liabilities

$4,737,902 $1,519,072 $1,089,605 $3,769,829 $143,374 $51,960 $3,131,381 $307,533 $207,134 $1,705,270 $229,150 $155,054 $1,505,679 $518,925 $22,138 $1,332,664 $750,099 N/A $1,781,303 $274,089 $178,319 $1,113,686 $281,737 $188,919 $991,835 $198,275 $252,950 $1,180,977 $142,214 N/A

$7,346,579 $3,965,163 $3,646,048 $2,089,474 $2,046,742 $2,082,763 $2,233,711 $1,584,342 $1,443,060 $1,323,191

$14,418,932 $815,791 $19,412,196 $248,004 $927,430 $16,770,498 $4,356,860 $2,825,122 $192,781 $995,466

$2,293,372 $158,745 $2,274,116 $27,938 $176,317 $120,672 $2,416,289 $160,436 $604,757 N/A

$60,468,293 $16,549,577 $12,175,763 $12,767,823 $15,409,977 $7,568,300 $6,206,456 $5,803,934 $3,212,370 $3,227,467

$88,720,027 $33,723,653 $6,166,084 $43,548,763 $163,361,820 $11,073,824 $1,112,618 $74,617,427 $8,080,644 $5,520,850

$29,891,863 $14,915,105 $1,916,070 $27,219,622 $9,180,106 $8,640,396 $65,374 $2,476,849 $997,636 $797,848

$227,967 $427,400 $69,911 $8,288 $133,430 $63,820 $2,000 N/A $84,062 $38,800

$2,977,717 $2,790,203 $1,932,104 $1,172,813 $1,069,045 $1,276,360 $1,302,357 $706,368 $405,504 $837,322

$13,636,831 $9,920,591 $5,228,326 $4,451,293 $5,516,232 $5,807,227 $83,849 $116,070 $1,528,899 $6,265,556

$3,056,783 $160,763 $1,033,886 $23,620 $1,022,087 $2,369,483 $289,415 $14,264 $272,011 $1,668,935

$125,058

$27,994

$820,045

$1,117,441

$151,529

$519,712 $529,912 $563,688 $549,761 $649,904 $377,149 $638,719

$54,461 $104,245 $27,266 $66,651 $46,321 $209,437 $13,585

$48,446 $34,426 $8,926 N/A N/A $48,982 N/A

$622,619 $668,583 $599,880 $616,412 $696,225 $635,568 $652,304

$2,987,975 $546,105 $1,340,888 $2,454,750 $859,235 $1,543,021 $1,285,544

$1,274,913 $7,597 $720,842 $1,241,688 $140,312 $848,632 $893,591

$410,512 $320,578

$38,752 $34,562

N/A $386

$449,264 $355,526

$81,481 $1,456,167

$3,569 $833,807

Program

Admin.

$8,321,379 $668,822 $2,905,707 $307,833 $4,111,037 N/A $2,236,658 $789,849 $2,022,464 $2,758,374 $2,423,820 $174,169 $850,229 N/A $540,486 $522,966 $862,522 $215,163 $695,275 $53,616

e m p l o y m e n t & ec o n o m i c d e v e l o p m e n t

2010 2010 2009 2010

$33,065,679 $28,277,849 $23,701,065 $11,922,387

2010 2010 2010 2010 2010 2010

$8,961,812 $5,171,377 $3,789,460 $3,773,239 $3,664,481 $3,450,846

Admin.

Other

Total Expenses

Assets

Liabilities

$27,583,222 $2,811,776 $26,076,796 $595,938 $17,429,613 $5,403,202 $11,266,445 $689,831

$10,094 $952,841 $236,150 N/A

$30,405,092 $27,625,575 $23,068,965 $11,956,276

$37,383,749 $10,540,586 $126,181,172 $3,009,512

$29,105,451 $3,754,994 $110,167,744 $2,353,995

N/A N/A $366,863 $32,002 $209,614 $262,374

$8,917,797 $4,807,730 $4,016,284 $3,204,487 $4,159,976 $3,159,294

$4,998,841 $29,459,258 $10,584,559 $3,018,747 $6,359,836 $2,596,185

$876,544 $26,563,883 $4,236,921 $510,208 $317,740 $796,156

Program

$8,813,616 $4,586,271 $3,141,383 $3,140,654 $3,459,200 $2,706,273

$104,181 $221,459 $508,038 $31,831 $491,162 $190,647

Health Legal -NA-NA$12,875 $49 $0 $0 $0 $0 $971 $0

Office -NA-NA$307,920 $3,446 $9,043 $0 $12,382 $210 $2,266 $1,117

Largest Endowment Holdings

Business Resources

14

Government

18. Sumner Pingree Jr. Family Foundation.................................................. $5,608,155 19. Charleston Library Society.................................................................... $5,155,338 20. S.C. Historical Society........................................................................... $4,197,780 21. Spoleto Festival USA............................................................................. $3,446,658 22. Jerry and Anita Zucker Family Foundation............................................. $3,143,765 23. Next Child Fund Inc. ............................................................................. $3,128,420 24. International Primate Protection League................................................ $3,088,973 25. Charleston Animal Society..................................................................... $2,999,604 26. Lowcountry Open Land Trust................................................................. $2,521,809 27. Charleston Day School.......................................................................... $2,311,355 28. Patrick Family Foundation..................................................................... $1,926,717 29. Preservation Society of Charleston........................................................ $1,839,841 30. Carolina Childrenâ&#x20AC;&#x2122;s Charity.................................................................... $1,463,729 31. Gibbes Museum of Art........................................................................... $1,434,216 32. Charles & Brenda Larsen Foundation.................................................... $1,177,083 33. Gary Davis Family Foundation............................................................... $1,000,000

Medical & Health Care

1. Roper St. Francis................................................................................. $726,492,683 2. Medical University of South Carolina................................................... $207,027,475 3. Coastal Community Foundation........................................................... $163,986,267 4. The Citadel.......................................................................................... $144,995,570 5. College of Charleston............................................................................ $64,281,545 6. Bishop Gadsden.................................................................................... $38,700,609 7. Ceres Foundation.................................................................................. $27,633,177 8. Middleton Place Foundation.................................................................. $11,855,692 9. Charleston Parks Conservancy................................................................ $9,554,619 10. Companion Foundation......................................................................... $8,294,096 11. Spaulding Paolozzi Foundation.............................................................. $8,014,036 12. Trident United Way................................................................................ $7,263,318 13. Elizabeth C. Bonner Charitable Trust...................................................... $6,910,833 14. S.C. Coastal Conservation League......................................................... $6,693,484 15. Historic Charleston Foundation.............................................................. $6,354,361 16. Association for the Blind........................................................................ $6,078,814 17. Charleston Museum.............................................................................. $5,869,174

Hospitality & Tourism

* Multiorganization compilation Source: Guidestar. Data compiled and provided by the Coastal Community Foundation

Import/export & distribution

Roper St. Francis Hospital* MUSC* St. James Santee Family Health Center Ernest E. Kennedy Center Association for the Blind Lowcountry AIDS Services Charleston Research Institute MST Institute Charleston County Volunteer Rescue Squad Tri-county Project Care

Expenses Net Assets $689,759,526 $1,122,160,171 $270,077,543 $367,363,366 $2,417,182 $1,713,652 $1,926,370 $2,126,247 $584,910 $6,331,391 $1,217,464 $987,645 $788,284 $1,302,379 $394,222 $421,292 $478,526 $1,191,722 $521,851 $394,123

Education

1 2 3 4 5 6 7 8 9 10

Revenues $745,014,346 $297,034,484 $2,890,623 $1,929,862 $1,464,867 $1,398,663 $1,013,123 $434,115 $406,226 $391,379

Selected Expenses Accounting Investments Advertising -NA-NA-NA-NA-NA-NA$0 $0 $0 $12,250 $0 $3,041 $8,500 $13,552 $17,931 $13,021 $0 $0 $28,744 $0 $0 $2,985 $6,596 $0 $13,000 $0 $53 $22,795 $0 $0

Employment & Economic development

*Data not directly comparable because several nonprofits are combined under a single organization Source: Guidestar. Data compiled and provided by the Coastal Community Foundation

Demographics

Income

Financial Services

HUMAN NEEDS 1 Goodwill Industries 2 Lowcountry Food Bank 3 Bishop Gadsden 4 Charleston County Human Services Commission 5 Berkeley Citizens 6 Family Services Inc. 7 Summerville Family YMCA 8 Lowcountry Housing Trust 9 Carolina Youth Development Center 10 Crisis Ministries

Year of Report

Real Estate

Expenses

Source: Guidestar. Data compiled and provided by the Coastal Community Foundation

www.charlestonbusiness.com | 2012 Market Facts

41

education A

s the Charleston region continues to grow in population, area school districts continue to add students and buildings and infrastructure to support the large economic impact on the region’s economy.

Projections from the U.S. Census Bureau show the Charleston region can

expect to see a 5% increase in the number of students attending area schools before college in 2015 compared to 2012’s enrollment of more than 28,000.

Higher education also plays an important role in the region’s economy with several institutions of higher learning, including research and technical training schools, contributing to the impact of education. Among public colleges and universities in South Carolina, the College of Charleston awards the third most

Fast Facts $9,279

Amount spent per pupil by the Charleston County School District Page 44

degrees, behind Clemson University and the University of South Carolina.

Nearly $289 million in scholarships came into South Carolina during the 2010-2011 academic year with more than $34 million of that going to students attending Charleston-area institutions.

Section Sponsor

63.6%

Percent of S.C. Education Lottery Funds spent on prizes Page 46

66.1%

Graduation rate at the College of Charleston, 2010 Page 49

42 2012 Market Facts | www.charlestonbusines s.com

Jim Newsome CEO, S.C. Ports Authority School of Business Board of Governors

Your MBA mentor.

mba.cofc.edu

Education of Population 25 and Older , by County Berkeley 2000 2010 Population 86,015 108,359 Less than 9th grade 6.2% 4.4% 9th-12th, no diploma 13.5% 9.3% High school graduate 34.3% 36.2% Some college, no degree 24.2% 22.9% Associateâ&#x20AC;&#x2122;s degree 7.3% 8.9% Bachelorâ&#x20AC;&#x2122;s degree 10.1% 12.8% Graduate or professional degree 4.3% 5.5%

Charleston 2000 2010 199,361 227,578 5.9% 4.3% 12.6% 8.3% 22.9% 23.5% 21.3% 19.1% 6.6% 7.3% 19.7% 24.1% 11.1% 13.4%

Dorchester 2000 2010 61,334 83,422 6.1% 3.5% 11.7% 7.6% 29.7% 30.5% 23.1% 23.7% 8.0% 10.6% 14.1% 16.1% 7.3% 8.0%

Percentage of Teachers with Advanced Degrees

School District Percentage 1. Berkeley..................................... 59.3% 2. Charleston.................................. 56.0% 3. Dorchester 2............................... 53.9% 4. Dorchester 4............................... 57.3%

Source: U.S. Census Bureau

Student Enrollment

Based on the 2010-11 average daily attendance figures reported by the S.C. Department of Education, this is the projected high school enrollment for the next five years, if population numbers remain the same.

Berkeley 29,263

Charleston 43,255

Dorchester 2

22,596

Dorchester 4

2,267

Source: S.C. Department of Education

Projected High School Attendance

School District Enrollment

School District 2011-12

2012-13

Hospitality & Tourism Medical & Health Care Business Resources Government

2014-15

2015-16

Charleston............ 11,825.99 .... 12,290.63..... 12,435.30...... 12,382.22 ...... 12,949.19

Amount Spent per Pupil

Dorchester 2........... 6,895.28 ...... 6,852.37....... 6,989.15........ 7,085.35......... 7,198.17 Dorchester 4.............. 636.85 ......... 660.99.......... 628.81........... 610.93............ 634.69

School District Avg. spent per student Berkeley $8,332 Charleston $9,279

Dorchester 2

$7,790

Dorchester 4

$11,826 Source: S.C. Department of Education

44

2013-14

Berkeley................. 8,510.24 ...... 8,374.73....... 8,373.50........ 8,658.19......... 8,836.67

Source: S.C. Department of Education

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

E d u c at i o n

Source: U.S. Census Bureau

Charleston Area School Districts At a Glance Berkeley

Charleston

Dorchester 2

Dorchester 4

No. of Students......................... 29,263 No. of Teachers........................... 1,862 Student/Teacher Ratio................... 22.0 No. of Schools.................................. 39 No. of Charter Schools....................... 0 No. of Magnet Schools....................... 3 Per Pupil Expenditure................ $8,332 Avg. Administrator Salary........ $79,147 Avg. Teacher Salary................ $46,354

No. of Students......................... 43,255 No. of Teachers........................... 3,275 Student/Teacher Ratio................... 21.2 No. of Schools.................................. 78 No. of Charter Schools....................... 8 No. of Magnet Schools..................... 22 Per Pupil Expenditure................ $9,279 Avg. Administrator Salary........ $74,303 Avg. Teacher Salary................ $43,923

No. of Students......................... 22,596 No. of Teachers........................... 1,331 Student/Teacher Ratio................... 24.1 No. of Schools.................................. 20 No. of Charter Schools....................... 0 No. of Magnet Schools....................... 0 Per Pupil Expenditure................ $7,790 Avg. Administrator Salary........ $77,163 Avg. Teacher Salary................ $45,539

No. of Students........................... 2,267 No. of Teachers.............................. 157 Student/Teacher Ratio................... 15.3 No. of Schools.................................... 5 No. of Charter Schools....................... 0 No. of Magnet Schools....................... 0 Per Pupil Expenditure.............. $11,826 Avg. Administrator Salary........ $75,208 Avg. Teacher Salary................ $46,865

State Report Card Absolute Rating 2011.......................................Average 2010.......................................Average 2009.............................Below Average

State Report Card Absolute Rating 2011............................................Good 2010.......................................Average 2009.......................................Average

State Report Card Absolute Rating 2011 ...........................................Good 2010............................................Good 2009.......................................Average

State Report Card Absolute Rating 2011.......................................Average 2010.......................................Average 2009........................................ At-Risk

Rodney Thompson, superintendent 229 E. Main St. Moncks Corner, SC 29461 Phone: 843-899-8600 www.berkeley.k12.sc.us

Nancy J. McGinley, superintendent 75 Calhoun St. Charleston, SC 29401 Phone: 843-937-6319 www.ccsdschools.com

Joseph R. Pye, superintendent 102 Green Wave Blvd.

Summerville, SC 29483 Phone: 843-873-2901 www.dorchester2.k12.sc.us

Jerry G. Montjoy, superintendent 500 Ridge St. St. George, SC 29477 Phone: 843-563-4535 www.dorchester4.k12.sc.us

Source: S.C. Department of Education

44 2012 Market Facts | www.charlestonbusines s.com

South Carolina Education Lottery Distribution Breakdown, FY 2011-12

Higher Education 25.8% Tuition Assistance - Technical and two-year colleges................................ $47,000,000 Net Profit Life Scholarship...................................................................................... $106,554,616 Breakdown S.C. Hope.................................................................................................... $7,823,474 of Lottery Funds, 63.6% 7.0% Palmetto Fellows...................................................................................... $30,277,240 Prizes Retailer Commissions Need-based grants................................................................................... $11,631,566 2010-11 National Guard............................................................................................ $1,700,000 1.5% Higher Education Excellence Enhancement Program................................... $3,000,000 Gaming Contracts Technology for S.C. public four-year and two-year institutions.................... $4,154,702 1.3% Tuition grants.............................................................................................. $7,766,604 Administrative S.C. State - E&G......................................................................................... $2,500,000 0.8%

Advertising K-12 K-5 Reading, Math, Science & Social Studies Program.............................. $29,491,798 Cumulative Distribution of Net Lottery Proceeds 6-8 Reading, Math, Science & Social Studies Program................................ $2,000,000

by County, Jan. 2002 - Dec. 2011

Other

Scholarship Scholarship Library State Library - Aid to County Libraries............................................................ $733,000 County K-12 Awards Amounts Totals S.C. School for the Deaf and Blind - Technology Replacement........................ $200,000 Berkeley.............. $15,853,936.40 ..... 38,342 ....... $46,933,760.21 ...... $402,239.29

Charleston........... $34,144,635.72 ..... 69,441 ....... $97,986,418.50 ...... $648,294.45 From Unclaimed Prizes Budget Dorchester........... $14,879,898.31 ..... 32,103 ....... $44,711,797.17 ...... $334,242.44 Budget & Control Board, Department of Alcohol & Other Drug Abuse Services Gambling Disorders......................................................................................... $50,000 S.C. Department of Education - School Buses........................................... $12,350,000 Total............................................................................................. $267,233,000 Source: S.C. Education Lottery

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

Government

46

46 2012 Market Facts | www.charlestonbusines s.com

Source: S.C. Education Lottery

Degrees Awarded by Public Institutions 2011 List of America’s Top Colleges How some of the state’s colleges fared overall on Forbes magazine’s annual list. The list ranked 650 undergraduate institutions and based its findings on quality of teaching, great career prospects, graduation rates and low levels of debt. The rankings were prepared by the Center for College Affordability and Productivity.

National Rank School 73............. Wofford College 81............. Furman University 127........... Presbyterian College 286........... Erskine College and Seminary 330........... The Citadel 355........... Converse College 382........... College of Charleston 384........... Clemson University 409........... North Greenville University 424........... University of South Carolina-Columbia 548........... Claflin 584........... South Carolina State 597........... Coastal Carolina

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

Government

48

48 2012 Market Facts | www.charlestonbusines s.com

% Change of 2009-10 over:

2009-10 2000-01 2008-09 Research Institutions Clemson.................................. 4,560 ............ 20.9%........... 10.0% USC Columbia......................... 6,546 ............ 14.0%............. 1.2% Medical University of SC............ 835 ............ 14.4%............-4.0% Comprehensive Teaching Institutions The Citadel................................. 729 ............ 29.3%............-5.1% Coastal Carolina...................... 1,381 .......... 101.9%............. 4.8% College of Charleston............. 2,466 ............ 25.6%........... 10.6% Francis Marion........................... 606 ............ 17.0%............. 4.3% Lander....................................... 481 ............ 19.4%............. 1.9% S.C. State................................... 740 ...........-14.4%............-0.4% USC Aiken.................................. 512 .............-3.9%............. 8.2% USC Beaufort............................. 188 .......... 198.4%........... 55.4% USC Upstate............................ 1,032 ............ 62.8%............. 1.9% Winthrop................................. 1,251 ............ 31.4%............. 7.5% Technical College Trident Technical College........ 1,905 ............ 10.1%............. 0.3%

Source: 2011 S.C. Higher Education Statistical Abstract’s Ten-Year Summary of Degrees Awarded, 2000-01 to 2009-10

E d u c at i o n Real Estate

College Tuition Costs

71.8%

Graduation Rate

The cost of tuition and required fees for full-time, in-state undergraduate students at South Carolinaâ&#x20AC;&#x2122;s public institutions 2008-09 2009-10 2010-11 2011-12 $11,854 $9,786 $13,729

$12,304 $10,168 $14,026

Financial Services

6ra6du.1at% ion

G 10 Rate in 20

$10,216 $9,760 $9,616 $9,258

Import/export & distribution

Source: S.C. Higher Education Statistical Abstract 2011

Education

Sources: S.C. Commission on Higher Education for public universities

Employment & Economic development

Graduation Rates Graduation rates at the stateâ&#x20AC;&#x2122;s public research and comprehensive teaching institutions.

First-time freshmen are given six years to complete their undergraduate degrees.

Enrolled in: Fall 2002 Fall 2003 Fall 2004 Graduate by: Summer 2008 Summer 2009 Summer 2010 $5,864 $6,092 Clemson.....................................79.4%..........................77.4%........................ 76.2% USC Columbia.............................66.8%..........................69.1%........................ 67.6% $3,706 $3,722 The Citadel.................................68.2%..........................75.5%........................ 71.8% $3,380 $3,476 Coastal Carolina..........................46.5%..........................46.4%........................ 43.0% $2,500 $2,500 College of Charleston..................64.0%..........................64.0%........................ 66.1% $3,526 $3,658 Francis Marion............................39.2%..........................39.1%........................ 40.0% $3,530 $3,600 Lander........................................43.5%..........................41.2%........................ 42.2% S.C. State...................................45.1%..........................35.8%........................ 39.3% $19,854 $20,840 USC Aiken...................................38.5%..........................34.8%........................ 38.0% USC Beaufort..............................21.4%..........................18.3%........................ 19.7% 1 - Excludes medicine, law and pharmacy USC Upstate...............................36.0%..........................40.4%........................ 38.6% 2 - Excludes medicine, dentistry and pharmacy; includes nursing and health professions only Winthrop.....................................58.6%..........................59.7%........................ 54.5% $9,871 $9,390 $9,616 $8,898

Demographics

Research Institutions Clemson $10,608 $11,078 1 $8,838 $9,156 USC Columbia 2 $11,731 $12,937 MUSC Comprehensive Teaching Colleges and Universities The Citadel $8,428 $8,735 Coastal Carolina $8,650 $8,950 College of Charleston $8,400 $8,988 S.C. State $7,806 $8,462 2-Year Regional Campuses of USC USC Salkehatchie $5,264 $5,528 Technical Colleges Aiken Technical College $3,506 $3,626 Central Carolina Technical College $3,020 $3,308 Denmark Technical College $2,378 $2,492 Florence-Darlington Technical College $3,190 $3,302 Trident Technical College $3,330 $3,450 Independent Senior Institutions Charleston Southern University $18,708 $19,278

Hospitality & Tourism Medical & Health Care Business Resources Government

94

www.charlestonbusiness.com | 2012 Market Facts

49

Real Estate

E d u c at i o n

2011 College Admission Test Scores (ACT) by School District

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

The average ACT scores for 2011 high school seniors compared to 2010. Totals might be off as a result of rounding of core scores.

English Math Reading Science Composite Berkeley 2011 18.7 19.7 19.6 19.8 19.6 2010 18.2 19.3 19.2 19.5 19.2 Difference 0.5 0.4 0.4 0.3 0.4

On

Charleston 2011 19.8 20.3 20.4 20.1 20.3 2010 19.6 20.1 20.2 20.2 20.1 Difference 0.2 0.2 0.2 -0.1 0.2

scholarship Thousands of S.C. students receive scholarships to attend college.

Scholarships/Grants at Selected Institutions for 2010-11

Number Amount

Research Institutions Clemson University USC Columbia Medical University of South Carolina

7,874 10,086 60

$43,703,808 $47,774,239 $329,030

Dorchester 2 2011 20.6 21.6 21.4 21.3 21.3 2010 20.0 21.1 20.9 20.9 20.8 Difference 0.6 0.5 0.5 0.4 0.5 Dorchester 4 2011 16.0 16.6 17.8 17.4 17.1 2010 15.3 16.8 16.5 17.0 16.6 Difference 0.7 -0.2 1.3 0.4 0.5

Comprehensive Teaching Colleges & Universities The Citadel Coastal Carolina University College of Charleston Francis Marion University Lander University U.S.C. Beaufort Winthrop University

580 2,652 3,418 1,871 1,666 504 2,613

$2,581,460 $9,010,215 $17,157,738 $6,857,464 $6,013,965 $2,025,365 $10,868,830

Technical Colleges Florence-Darlington Technical College 2,162 $3,114,270 Horry-Georgetown Technical College 3,627 $4,957,312 Midlands Technical College 6,148 $9,690,356 Orangeburg-Calhoun Technical College 1,838 $2,073,6 58 Tech Coll.of the Lowcountry 1,229 $1,267,084 Tri-County Technical College 3,906 $8,016,985 Trident Technical College 7,732 $10,101,123

Independent Senior Institutions

Government

Business Resources

Benedict College Charleston Southern Univ.

Claflin University Furman University Limestone College Newberry College 50 Southern Wesleyan Univ.

1,267 2,151 1,468 1,146 1,133 1,162 874

$1,565,275 $4,161,892 $2,469,777 $4,277,988 $927,497 $2,425,565 $1,166,842

Source: S.C. Commission on Higher Education

50 2012 Market Facts | www.charlestonbusines s.com

Source: S.C. Department of Education Office of Data Management & Analysis

E d u c at i o n

The average SAT scores for 2011 high school seniors compared to 2010. Totals might be off as a result of rounding of core scores.

$27,340

$30,150

Kindergarten teachers, except special education

$52,500

$52,350

Elementary school teachers, except special education

$48,380

$55,270

Middle school teachers, except special education

$48,830

$55,780

Secondary school teachers, except special and career/technical education

$49,940

$56,760

Special education teachers, preschool, kindergarten and elementary

$48,580

$56,460

Special education teachers, middle school

$51,120

$58,420

Special education teachers, secondary school

$48,840

$59,080

Career/technical education teachers, secondary school

$50,060

$56,330

Source: U.S. Bureau of Labor Statistics

500 463 1,451 507 468 1,465 -7 -5 -14

Employment & Economic development

Dorchester 2 2011 489 2010 490 Difference

482 465 1,426 487 469 1,438 -5 -4 -12

Preschool teachers, except special education

Demographics

Charleston 2011 480 2010 483 Difference -3

South Carolina U.S.

Financial Services

Critical Reading Math Writing Total Berkeley 2011 486 496 464 1,447 2010 476 491 455 1,421 Difference 10 5 9 26

Average Educator Salaries

Real Estate

2011 College Admission Test Scores (SAT) by School District

Education

Dorchester 4 2011 481 433 453 1,367 2010 467 458 453 1,378 Difference 14 -25 0 -11

Source: S.C. Department of Education Office of Data Management & Analysis

Import/export & distribution

Source: S.C. Department of Education

Hospitality & Tourism Medical & Health Care Business Resources Government

15

www.charlestonbusiness.com | 2012 Market Facts

51

Import/Export & Distribution

A

s an economic driver for the entire state, the Port of Charleston rebounded strongly after a dip in exports and imports strangled the global shipping industry. The S.C. State Ports Authority saw

break-bulk cargo, which is cargo that doesn’t fit into modular containers, almost double to 1.24 million tons from 2009 to 2011.

Charleston’s port is the eighth-largest in the U.S., behind its nearest competitor, sixth-ranked Savannah, Ga., in terms of the value of goods handled annually. In 2010, Charleston’s port moved more than $50 billion worth of cargo, an increase of nearly 12% from the previous year.

Ports, logistics, manufacturing and distribution companies also ac-

Fast Facts 1,244,829

Break-bulk tonnage for S.C. State Ports Authority in 2011 Page 54

count for a significant amount of economic activity in the Charleston region, directly and indirectly, by those companies needing goods and services and workers throughout the year.

Germany is Charleston’s largest trading partner, with nearly $10.2 billion worth of cargo moving through the Port of Charleston going to or from the country in 2011.

Section Sponsor

$7.4 billion

The export value of BMW passenger vehicles through the Port of Charleston in 2011 Page 56

$50.2B

The value of goods handled at the Port of Charleston in 2010 Page 57

52 2012 Market Facts | www.charlestonbusines s.com

Logistics Solutions warehousing & transportation Specialists With over 30 years in business and 1.5 million sq. ft. of warehouse facilities in Greenville and near the Port of Charleston, Sunland can customize your international and domestic logistics.

• ISO & NACD Certified • Next Day Southeast Delivery • Landstar Transportation Agents • Door-to-door Import/Export Solutions • Cutting-edge Warehouse

WV

Charleston

Frankfurt Louisville

KY

Roanoke

VA

Management System

Richmond Norfolk

Nashville

TN

Knoxville

NC

Asheville

Greenville Columbia

Atlanta

GA

Wilmington Myrtle Beach

SC

Augusta

AL

Raleigh

Charlotte

Charleston Savannah

sunlanddistribution.com I 800.295.0081 Rob McElyea, Director of Sales 864.295.0081

FL

GREENVILLE

RobMc@SunlandDistribution.com

I

SPARTANBURG

I

CHARLESTON

Break-bulk tonnage for S.C. State Ports Authority

2009

675,542

2010

803,761

2011

1,244,829

Tons

Tons

Tons

Source: S.C. State Ports Authority

'RQ·W /HW 7KH 1DPH )RRO <RX :H 3XOO $Q\WKLQJ

OVERWEIGHT & LEGAL CONTAINERS ISO TANK HAULING AND STEAMING AVAILABLE

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Financial Services

The amount of break-bulk cargo — cargo that does not travel in a standard shipping container — that has passed through the Charleston and Georgetown ports, as measured in tons

Demographics

Real Estate

Import/export & distribution

Government

54

54 2012 Market Facts | www.charlestonbusines s.com

Top Ten Commodities Imported and Exported Through Port of Charleston, 2011

Exported Rank/Commodity category Volume (in TEUs) 1. Paper and paperboard, including waste......................................................84,556.00 2. Wood pulp..................................................................................................42,591.25 3. Logs and lumber........................................................................................23,047.15 4. Auto parts..................................................................................................19,958.38 5. General cargo, miscellaneous....................................................................14,527.22 6. Fabrics, including raw cotton.....................................................................13,671.17 7. Poultry, chiefly fresh and frozen.................................................................12,852.85 8. Synthetic resins.........................................................................................11,935.34 9. Empty containers, drums, etc. ...................................................................11,850.46 10. Benzenoid chemicals...............................................................................10,352.94 Imported Rank/Commodity category Volume (in TEUs) 1. Auto parts..................................................................................................63,692.33 2. Furniture....................................................................................................33,735.17 3. Auto and truck tires and tubes...................................................................30,411.86 4. Sheets, towels and blankets.......................................................................20,208.87 5. Fabrics, including raw cotton.....................................................................18,462.16 6. Menswear..................................................................................................16,443.70 7. General cargo, misc. .................................................................................13,568.34 8. Paper and paperboard, including waste......................................................10,411.19 9. Straws, rattan and canning........................................................................10,241.46 10. Women’s and infant wear...........................................................................9,578.13 TEU=20-foot equivalent unit, the measure of a standard container Source: PIERS Global Intelligence Solutions, www.piers.com

Import/export & distribution Real Estate

Port of Charleston Import and Export Rate, 2009-11 Total volume is measured in TEUs, which stands for 20-foot equivalent units, or the standard size of a shipping container.

52,500

Charleston MSA Largest Distribution Employers

50,000

Gildan Activewear

Import and distribution of apparel to retailers; retail division administration operations

250

DiMare Johns Island Inc.

Wholesale agricultural products distribution

250

Quoizel Inc.

Distribution of decorative lighting products

225

Pearlstine Distributors

Beer distribution

215

42,500

Piggly Wiggly Distribution Center

Grocery products distribution

200

Fruit of the Loom Palmetto Distribution Center

Undergarments distribution

200

40,000

Hagemeyer North America

Electrical and industrial equipment and tools 150 distribution

37,500

Kinder Morgan

Distribution terminals for bulk materials, including chemicals and petroleum products, Southeast regional headquarters

145

35,000

Linde Material Handling N.A.

Distribution of industrial and commercial machinery

115

Berchtold Corp.

Manufacture and distribution of surgical equipment; corporate headquarters

100

Moulton Logistics Management

Direct response order fulfillment

100

TBC Corp. East Coast Distribution Center

Distribution center serving East Coast automotive replacement tire market

100

47,500 45,000

32,500 30,000 Jan 2009

Dec. 2011

Robin Bedenbaugh

Source: Center for Business Research, Charleston Metro Chamber of Commerce, Jan. 2012

Hospitality & Tourism

SPECTACULAR

Import/export & distribution

Source: PIERS Global Intelligence Solutions, www.piers.com

Education

Employees

Employment & Economic development

Product or Business

Demographics

Company

â&#x20AC;&#x201C; Export Rate

Financial Services

â&#x20AC;&#x201C; Import Rate

TRANSPORTATION SOLID WASTE MANAGEMENT ENVIRONMENTAL

Medical & Health Care

WATER & WASTEWATER POWER MANAGEMENT CONSULTING ARCHITECTURE FEDERAL

South Carolina Offices: 3955 Faber Place Drive Suite 300 N. Charleston, SC 29405 (843) 414-3700

Business Resources

Vince Streano

CONSTRUCTION MANAGEMENT

157 E Main Street Suite 400 Rock Hill, SC 29730-4563 Phone: (803) 909-2200

Government

55

www.hdrinc.com

www.charlestonbusiness.com | 2012 Market Facts

55

Top 5 Countries Receiving Exports from S.C., 2011

Top 5 Countries Sending Imports to S.C., 2011

$3.999 billion

$6.189 billion

$3.741 billion

$5.703 billion

$3.001 billion

$2.618 billion

$1.761 billion

$2.269 billion

$1.413 billion

$1.456 billion

Germany

Financial Services

Real Estate

Import/export & distribution

Germany

Demographics

Canada

Employment & Economic development

China

Education

Mexico

Mexico

United Kingdom

Japan

Source: U.S. Census Bureau

Import/export & distribution Hospitality & Tourism

Canada

The Ultimate Exporting Machine BMWâ&#x20AC;&#x2122;s announcement that it was building a plant in South Carolina came two decades ago this year. Since then, the German manufacturer has output more than 2 million vehicles from its Upstate facility.

No. 1

BMW Manufacturing Co.â&#x20AC;&#x2122;s Spartanburg County facility is the leading U.S. automotive exporter

$7.4 billion

The export value of BMW passenger vehicles through the Port of Charleston in 2011

130

The number of global markets BMW exports to through the Port of Charleston

192,000 The number of vehicles exported from the S.C. plant

Business Resources

Medical & Health Care

China

Government

56

Source: BMW Manufacturing Co.

56 2012 Market Facts | www.charlestonbusines s.com

Import/export & distribution

2010 $336,106,323 $191,966,807 $175,789,600 $113,922,316 $77,121,867 $69,756,005 $56,697,828 $50,185,703 $49,079,153 $42,592,769

Source: U.S. Department of Transportation Maritime Administration

Demographics

2009 $272,804,708 $151,911,961 $146,006,649 $84,519,031 $64,100,154 $53,030,152 $46,201,429 $44,925,094 $45,491,145 $36,537,784

Financial Services

The top ports by value of goods handled (in thousands of dollars)

U.S. Customs Port 2003 2004 2005 2006 2007 2008 Los Angeles $224,843,709 $251,724,155 $272,507,091 $317,653,875 $337,622,117 $349,500,545 Houston/Galveston $74,804,824 $98,102,019 $127,140,922 $149,918,227 $169,597,479 $223,163,828 New York City $100,463,014 $114,482,632 $132,488,124 $149,569,740 $166,073,163 $190,487,390 New Orleans $47,838,311 $62,756,686 $75,346,523 $89,755,924 $104,794,610 $142,315,696 Seattle $51,357,526 $60,359,956 $73,651,435 $73,650,920 $77,865,892 $82,773,377 Savannah $26,584,620 $32,307,153 $40,162,080 $46,228,386 $55,977,284 $65,886,558 San Francisco $29,203,023 $35,573,121 $43,017,098 $47,607,158 $51,216,752 $62,074,441 Charleston $39,589,176 $46,560,692 $53,193,135 $55,359,085 $60,965,853 $62,404,568 Norfolk, Va. $33,093,168 $37,982,655 $45,284,322 $48,753,176 $54,563,928 $60,291,703 Miami $28,585,089 $31,948,582 $37,599,515 $40,894,453 $42,548,969 $46,812,196

Real Estate

U.S. Waterborne Total by U.S. Customs Port

Employment & Economic development

Education GENERAL CONSTRUCTION | PRECONSTRUCTION | DESIGN-BUILD | CONSTRUCTION MANAGEMENT | LEED

',5(&725<

Clemson Wind Turbine Drivetrain Testing Facility (N. Charleston, SC)

Medical & Health Care

Becton, Dickinson & Company (Four Oaks, NC) 720,000 SF

Britax Child Safety (Fort Mill, SC) 484,000 SF

Red Ventures Headquarters (Fort Mill, SC)

INDUSTRIAL | MIXED-USE | OFFICE | RETAIL | RESORT | INSTITUTIONAL | DATA | HEALTHCARE

Don’t miss this opportunity to position your company as a leader in the Port community!

For more than two decades, many of the nation’s top organizations have relied on Choate for their construction needs. From Britax Child Safety’s R&D and distribution facility to Becton, Dickinson & Company’s LEED Gold certified office and distribution center, Choate has delivered over $6 billion in highly successful projects across multiple market sectors. Put our experience to work for you on your next project.

To advertise in the next Port Directory, call (843) 849-3126 or email bparks@scbiznews.com

1671 Belle Isle Avenue, Suite 100, Mt. Pleasant, SC 29407 For project-specific solutions, contact Matt Brewer (mbrewer@choateco.com)

www.charlestonbusiness.com | 2012 Market Facts

75

Government

WWW.CHOATECO.COM

Business Resources

The annual Directory of Port Services & Facilities is designed to provide Port of Charleston customers a concise guide to contacting service providers.

Hospitality & Tourism

HGJL;@9JD=KLGF

LOCAL INDUSTRY EXPERIENCE & KNOWLEDGE REGIONAL DEPTH OF RESOURCES CUSTOMER-CENTERED SOLUTIONS

Import/export & distribution

One ad, one order, one entire year’s worth of exposure!

57

HOSPITALITY & TOURISM

H

ospitality and tourism pumps millions of dollars into the Charleston economy each year and is a major driver of economic activity across South Carolina.

The year-around tourist season in the Lowcountry pulls visitors from

around the nation, region and world. The Charleston area supports a vibrant food and beverage sector with world class cuisine and annual events, including the Charleston Wine and Food Festival and the annual Chefâ&#x20AC;&#x2122;s Feast among other festivals and events that include food.

Retail shopping, performance culture, arts, conventions and history

Fast Facts 4.51 million The number of visitors to Charleston in 2011 Page 62

also are major draws for visitors coming by air, water and interstate and coastal highways.

In fiscal year 2011, the Charleston area received nearly $8.9 million from accommodations taxes. The city of Charleston received the bulk of that tax money with more than $3.3 million. North Charleston, at No. 2, received nearly $1.7 million.

351,349

Total number of cruise passengers in Charleston Page 64

$194 Section Sponsor

58 2012 Market Facts | www.charlestonbusines s.com

Average personal expenditure by tourists in Charleston in 2011 Page 65

CONNECTING BUSINESS in South Carolina SC Biz News is the premier publisher of business news in the state of South Carolina. We publish the Charleston Regional Business Journal, Columbia Regional Business Report, GSA Business and SCBIZ magazine.

Connect your business to our statewide audience.

For information about statewide advertising, call Steve Fields at 843.849.3110.

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

H o s p i ta l i t y & T o u r i s m

Charleston Region 2% Accommodations Tax Revenue Distribution by Municipality For Fiscal Year ending June 30, 2011 Bonneau Charleston Folly Beach Goose Creek Hanahan Harleyville Hollywood Isle of Palms Jamestown Kiawah Island McClellanville Moncks Corner Mount Pleasant North Charleston Ravenel Reevesville Ridgeville Seabrook Island St. George St. Stephen Sullivanâ&#x20AC;&#x2122;s Island Summerville

$123.05 $3,342,187.95 $402,593.59 $37,404.26 $13,328.28 $1,715.08 $3,204.33 $1,172,736.71 $18.19 $1,039,783.16 $127.60 $41,540.20 $798,533.35 $1,658,984.10 $150.82 $72.51 $732.14 $97,287.54 $53,985.54 $6,134.55 $12,995.38 $191,112.80

Total 1 5 7 , 4 7 8 $8,

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

$340,000

Government

60

60 2012 Market Facts | www.charlestonbusines s.com

$680,000

$1,020,000 $1,360,000 $1,700,000 $2,040,000 $2,380,000 $2,720,000 $3,060,000 $3,400,000 Source: S.C. State Treasurerâ&#x20AC;&#x2122;s Office

H o s p i ta l i t y & T o u r i s m

Charleston International Airport Passenger Activity

Total Admission Tax Collected (5%)

Berkeley

Charleston

2,600,000

$483,813

Financial Services

$293,292

Dorchester

Enplaned Deplaned Total Passengers

Real Estate

Admissions Taxes Collected at Various Attractions in Local Counties

2,340,000

$5,055,661

2,080,000

2010

$5,832,766

1,820,000

$5,253,456

Demographics

2011

1,560,000 1,300,000

$482,615

780,000

$5,436,271

$5,577,385

520,000

$5,001,921 260,000

2005

2006

2007

2008

2009

Source: Charleston County Aviation Authority

Import/export & distribution

Note: Annual totals may not equal sum of county collections because of rounding.

Source: 2012 Office of Tourism Analysis, College of Charleston

2003 2004 2005 2006 2007 2008 2009 2010 2011

Education

$5,158,407

1,040,000

$259,688

Other Yearly Totals Collected $5,569,542

Employment & Economic development

$4,511,152

Hospitality & Tourism Medical & Health Care Business Resources Government

16

www.charlestonbusiness.com | 2012 Market Facts

61

Annual Average Visitors & Economic Impact

Airport Rental Car Activity, 2011 Combined gross receipts of rental car companies as reported by the Charleston County Aviation Authority

= 1M

- On-Airport Receipts

Financial Services

Real Estate

H o s p i ta l i t y & T o u r i s m

= 4.51M

2011 = $3.22B

Employment & Economic development

Demographics

$6,000,000

Education

= $1B

= 4.22M

$5,000,000

2010 $4,000,000

= $3.03B

$3,000,000

= 3.93M

2009

$2,000,000

= $2.80B

$1,000,000

= 4.12 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sept. Oct. Nov. Dec.

2008

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

= $3.05B

Government

62

Source: Charleston County Aviation Authority

( 3 L N L U K 9 L Z [ V Y L K

4WKI\ML QV \PM PMIZ\ WN +PIZTM[\WVÂź[ PQ[\WZQK LQ[\ZQK\ WV 5IZQWV ;Y]IZM O]M[\ ZWWU[ IVL []Q\M[ QVKT]LQVO XMV\PW][M []Q\M[ _Q\P JZMI\P\ISQVO ^QM_[ WN +PIZTM[\WVÂź[ NIUW][ PIZJWZ [Y N\ WN MTMOIV\ JITTZWWU [XIKM QVKT]LQVO \PM +IZWTQVI +WVNMZMVKM +MV\MZ IVL NWaMZ W^MZTWWSQVO 5IZQWV ;Y]IZM 0Q ;XMML ?QZMTM[[ 1V\MZVM\ IKKM[[ IVL WV [Q\M )> <MKPVQKIT ;]XXWZ\ 3QVO ;\ZMM\ +PIZTM[\WV ;W]\P +IZWTQVI ! Â&#x152; .I` H ISTORIC H OTELS of A MERICA NATIONAL TRUST FOR HISTORIC PRESERVATION ÂŽ

62 2012 Market Facts | www.charlestonbusines s.com

___ NZIVKQ[UIZQWVKPIZTM[\WV KWU

Source: College of Charleston

H o s p i ta l i t y & T o u r i s m

2011 Origin of Charleston Visitors by State

Financial Services

Aggregate number of visitors to Fort Sumter, Fort Moultrie, Charleston Museum, Heyward-Washington House, Joseph Manigault House, Aiken-Rhett House, Charles Towne Landing, Middleton Place, Gibbes Museum of Art, Nathaniel Russell House, Edmondston-Alston House, Drayton Hall, Patriots Point, Charles Pinckney National Historic Site and S.C. Aquarium.

2M 1,585,674 1,654,289

Pennsylvania

3.4%

Ohio

5.5%

Virginia

5.4%

Illinois

3.7%

North Carolina

17.1%

South Carolina 13.0%

500K

2008

2009

2010

Tennessee

3.4%

Georgia

7.2%

Florida

4.7%

2011 Note: Totals are based on 762 survey responses Source: Office of Tourism Analysis, College of Charleston

Import/export & distribution

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

Education

0

4.1%

Employment & Economic development

1M

New York

Demographics

1.5M

1,516,137 1,545,438

Real Estate

Charleston Area Attraction Traffic, 2008-11

Hospitality & Tourism Medical & Health Care Business Resources

We’ve been providing audio, lighting, staging, design, and video services for over 20 years to an important roster of clientele – from the President of the United States, to the mother of the bride. We know you only have one shot at getting it right in the event world – find out why clients trust us to handle their technical details. Creativity, professionalism, and a warehouse full of gear. We’re PDA.

Government

36

www.charlestonbusiness.com | 2012 Market Facts

63

Real Estate

H o s p i ta l i t y & T o u r i s m

North American Cruise Passengers, by Departure Port, 2011 Passengers departing from the following ports, in thousands

Financial Services

Miami 1,970.5 Fort Lauderdale, Fla. 1,826.4

Tampa, Fla. 458.0 New Orleans 373.0 Jacksonville 190.0 Charleston 165.5 Mobile, Ala. 149.9

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Port Canaveral, Fla. 1,496.5

1/4 V Cru Catering

Charleston

Total Passengers 2011 =

351,349

Total Vessels 2011 =

88

Source: U.S. Department of Transportation Maritime Administration

Be the first to

KNOW

Get tomorrowâ&#x20AC;&#x2122;s headlines delivered to your inbox TODAY!

Government

64

64 2012 Market Facts | www.charlestonbusines s.com

6LJQ XS WRGD\ DW ZZZ FKDUOHVWRQEXVLQHVV FRP

H o s p i ta l i t y & T o u r i s m

2009 2010 2011

Charleston County Occupancy Rates and Average Daily Room Rates Year

Dining/Food

$94

Expenditure per Day

$84

$194 $41 $46

$183

$51 $20

$29 $31

$170

17,009

70%

$117

2010

16,867

69%

$115

2009

16,830

63%

$115

2008

16,625

69%

$120

2007

15,450

72%

$117

2006

14,914

68%

$123

2005

14,396

68%

$116

Source: 2010-12 Office of Tourism Analysis, College of Charleston

Tours/Attractions

$39 $37 $36 $22

Other Expenses

Education

$31 $31

Shopping

Employment & Economic development

2011

Demographics

$78

Local Transport

Est. No. of Rooms Occupancy Rate Avg. Room Rate Financial Services

Accommodations

Real Estate

Average Personal Expenditures in Charleston, by Category

$13 $16 $17

Import/export & distribution

Based on overnight visitors. The sum does not equal total expenditure because each is calculated based on non-zero values.

Source: 2010-12 Office of Tourism Analysis, College of Charleston

Medical & Health Care Business Resources

1/2 H City of Folly Beach

Hospitality & Tourism

;\Ia )_PQTM

CLOSEST BEACH TO HISTORIC CHARLESTON, SOUTH CAROLINA www.follybeachsouthcarolina.org www.charlestonbusiness.com | 2012 Market Facts

Government

56

65

MEDICAL & HEALTH CARE

T

he health care sector drives a significant amount of economic activity in the Lowcountry and impacts the demographics of the region by serving the growing population with a variety of health

care needs.

Hospital systems are among the largest employers in the Charleston area and among the largest users of business goods and services.

Nursing makes up the largest health care labor force with more than 9,000 registered nurses employed in the region, making an average salary of $68,000.

The region also provides research, teaching and a variety of special-

Fast Facts 9,210

Number of registered nurses in the Charleston region Page 68

ties in medical and bioscience. Entrepreneurs involved in developing medical devices, patented research and technology transitions find support in the Charleston region through the Medical University of South Carolina and the SCRA MUSC Innovation center, which offers wet lab space for startups and growing companies.

Section Sponsor

$159M

The amount of money spent on heart disease in Charleston County in 2010 Page 69

79.8%

Percentage of obese adults in Dorchester County Page 71

66 2012 Market Facts | www.charlestonbusines s.com

Real Estate

m e d i c a l & h e a lt h c a r e

Employment and Earnings for Health Care Professionals in the Charleston Region

Financial Services

Employed Avg. Salary Physicians and surgeons, all other............490...... $179,420 Dentists, general...............180...... $144,440 Pharmacists......................850...... $112,560

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Physician assistants..........160........ $83,100 Physical therapists............540........ $69,710 Occupational therapists... 240........ $68,440 Optometrists.......................40........ $68,220

South Carolina Rankings for Health

Registered Nurses.........9,210........ $67,970

Year of survey 2010 2008 2007 2008 2007 2008

Best state Alaska Hawaii Hawaii New York Arizona Minnesota

Rate 5.3% 590.6 81.5 10% 378.2 126.6

S.C. rate 10.7% 839.5 76.6 31.6 455.1 186

Worst state Alabama West Virginia Mississippi Washington Rhode Island Mississippi

Rate 13.2% 958.5 74.8 45.7 522.6 260.2

Asthma prevalence among adults

2010

Tennessee

6%

8.3%

Vermont

11.1%

Stroke death rate per 100,000

2008

New York

27.4

50

Alabama

55.4

Disease/condition Adults diagnosed with diabetes Death rate per 100,000 people Life expectancy (in years) Alzheimer’s death rate per 100,000 Cancer rate per 100,000 Heart disease death rate per 100,000

Source: Henry J. Kaiser Foundation www.statehealthfacts.org

“I had a weekend hysterectomy”

Medical & Health Care

required after a traditional hysterectomy. Her gynecologist told her about robotic surgery. Bridgette chose the South Carolina Institute for Robotic Surgery at Trident Medical Center, the number one robotic surgery program in the Lowcountry. For more information on the Institute and robotic surgery, visit

Business Resources

SCrobotics.com or call 843-797-FIND (3463). “ I came out of surgery with just band aids, and I was at home the next morning.

With absolutely no pain, my recovery was amazing.”

- Bridgette Manning, Goose Creek, SC

68

Government

Dental Hygienists............. 440........ $56,390 Occupational therapy assistants..............50........ $46,610 Licensed practical and licensed vocational nurses........... 1,610 ....... $41,790 Source: U.S. Bureau of Labor Statistics, May 2011 Metropolitan and Non-metropolitan Area Occupational Employment and Wage Estimates for CharlestonNorth Charleston-Summerville

Scan to watch Bridgette’s story.

With three active children, Bridgette couldn’t even consider the down time

68 2012 Market Facts | www.charlestonbusines s.com

Respiratory therapists...... 520........ $58,660

SCrobotics.com

m e d i c a l & h e a lt h c a r e

(Pop. 173,500) (Pop. 355,280)

Charleston County

All cancers...................... 466 ................. 62.......... $29,111,200 .........262

Rank/Cause...................................No. 1. Cancer............................................262 2. Heart disease..................................232 3. Cerebrovascular disease...................76 4. Accidents..........................................75 5. CLRD................................................73

Hypertension.................. 320 ................. 56.......... $10,355,600 ...........27

Charleston County

Heart Disease.............. 1,338 ................. 66.......... $78,368,500 .........232 Stroke............................. 442 ................. 67.......... $20,995,700 ...........76 CLRD.............................. 517 ................. 64.......... $14,294,300 ...........73 Diabetes......................... 269 ................. 48............ $7,881,500 ...........37

All cancers................... 1,291 ................. 63.......... $67,193,100 .........666

Rank/Cause...................................No. 1. Cancer............................................666 2. Heart disease..................................527 3. Accidents........................................168 4. Cerebrovascular disease.................156 5. CLRD..............................................143

Hypertension.................. 118 ................. 62............ $5,204,800 ...........12

Dorchester County

Heart Disease.............. 3,479 ................. 69........ $159,027,800 .........527 Stroke............................. 900 ................. 71.......... $32,009,300 .........156 CLRD.............................. 926 ................. 62.......... $19,781,500 .........143 Diabetes......................... 650 ................. 49.......... $17,558,900 ...........78

Heart Disease.............. 1,119 ................. 66.......... $72,748,500 .........201 Stroke............................. 401 ................. 67.......... $18,527,400 ...........53 CLRD.............................. 433 ................. 63.......... $14,267,000 ...........37 All cancers...................... 441 ................. 61.......... $29,436,200 .........197

6. Diabetes mellitus..............................29 7. Alzheimer’s disease..........................28 8. Nephritis, nephrotic syndrome and nephrosis...................20 9. Chronic liver disease and cirrhosis....17 10. Septicemia......................................13

CLRD: Chronic lower respiratory disease Source: S.C. DHEC, generated by Chronic Disease Epidemiology and Evaluation, April 2012

Home Mortgage

Import/export & distribution

CLRD: Chronic lower respiratory disease Source: State of South Carolina, Department of Health and Environmental Control, Bureau of Community Health and Chronic Disease Prevention, County Chronic Disease Fact Sheet

6. Alzheimer’s disease........................139 7. Diabetes mellitus..............................78 8. Suicide.............................................54 9. Nephritis, nephrotic syndrome and nephrosis...................52 10. Septicemia......................................41

Education

Diabetes......................... 212 ................. 49............ $7,789,800 ...........29

Rank/Cause...................................No. 1. Heart disease..................................201 2. Cancer............................................197 3. Cerebrovascular disease...................53 4. Accidents..........................................42 5. CLRD................................................37

6. Diabetes mellitus..............................37 7. Alzheimer’s disease..........................37 8. Nephritis, nephrotic syndrome and nephrosis...................35 9. Suicide.............................................25 10. Septicemia......................................20

Employment & Economic development

(Pop. 130,420)

Berkeley County

Demographics

Dorchester County

Hypertension.................. 143 ................. 54............ $5,177,200 ...........13

Top 10 Leading Causes of Death by County, 2011

Financial Services

Berkeley County

No. of No. of Condition Hospitalizations Median age Total cost deaths

Real Estate

Chronic Conditions by County, 2010

Hospitality & Tourism Medical & Health Care

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1

Sandy Darling NMLS# 796974 West Ashley (843) 852-5855

Betsy Good NMLS# 415266 Seabrook/Kiawah (843) 768-9629

Debbie Malone NMLS# 415485 James Island (843) 406-6654

Pete McLaughlin NMLS# 415459 Goose Creek (843) 720-5102

Amanda Peuser NMLS# 415446 Mt. Pleasant (843) 971-3007

Steve Ross NMLS# 415558 Downtown (843) 720-5125

John Seel NMLS# 415704 Daniel Island (843) 971-7218

Cindy Shelor NMLS# 415636 Mt. Pleasant North (843) 388-1007

Nick Wagner NMLS# 415734 North Charleston (843) 720-5189

BB&T, Member FDIC and an Equal Housing Lender. Loans are subject to credit approval.

1 Offer available to the following medical interns, residents, fellows and licensed physicians who have completed their residency, internship, or fellowship within the last 10 years: Medical Doctors, Dr of Osteopathy, Dr of Dental Surgery, Dr of Dental Medicine, Dr of Optometry, Dr of Ophthalmology, Dr of Podiatric Medicine, Dr of Surgery, and Dr of Psychiatric Medicine. © 2012, Branch Banking and Trust Company. All rights reserved.

www.charlestonbusiness.com | 2012 Market Facts

96

Government

Maggi Bryant NMLS# 414591 Summerville (843) 937-6787

Business Resources

Chris Barlow NMLS# 414600 West Ashley (843) 852-5840

69

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

Health Insurance Coverage South Carolinaâ&#x20AC;&#x2122;s proportion of people under the age of 65 with health insurance decreased from 83.2% in 2000 to 77.5% in 2010.

2000

%

Change

2010

83.2%

-6.9%

77.5%

83.8%

-10.1%

75.3%

South Carolina

Male

82.5% Female

85.8% White

76.7% Black

73.3% Other Race

-3.5%

-3.7%

-10.0%

-11.9%

South Carolina

Male

79.6% Female

82.6% White

69.0% Black

64.6% Other Race

Business Resources

Source: S.C. Department of Health and Environmental Control

Government

70

Tied for 47th

42nd

Ranking of S.C. for Percentage of uninsured people 18-and-under in 2010 in U.S.

Ranking of S.C. for Percentage of Population without Health Insurance in U.S.

Source: U.S. Census Bureau

70 2012 Market Facts | www.charlestonbusines s.com

Top 10 Reasons for Inpatient Hospitalizations by County, 2010 Berkeley County Rank/Diagnosis Related Group Name 1. Vaginal delivery without complicating diagnoses 2. Cesarean section without complication 3. Major joint replacement or reattachment of lower extremity without major complication 4. Uterine and adnexa procedure for non-malignancy without complication 5. Esophagitis, gastroenterology and miscellaneous digestive disorders without major complication 6. Cesarean section with complication 7. Chest pain 8. Red blood cell disorders without major complication 9. Psychoses 10. Cellulitis without major complication

Discharges 1,187 514 390

Percent of Total 8.0% 3.5% 2.6%

338

2.3%

279

1.9%

277 242 232 218 193

1.9% 1.6% 1.6% 1.5% 1.3%

Charleston County Rank/Diagnosis Related Group Name 1. Vaginal delivery without complicating diagnoses 2. Psychoses 3. Major joint replacement or reattachment of lower extremity without major complication 4. Cesarean section without complication 5. Cesarean section with complication 6. Rehabilitation with complication 7. Esophagitis, gastroenterology and miscenllaneous digestive disorders without major complication 8. Red blood cell disorders without major complication 9. Uterine and adnexa procedure for non-malignancy without complication 10. Vaginal delivery with complicating diagnoses

Discharges 2598 1040 1008

Percent of Total 7.4% 2.9% 2.9%

988 645 602 594

2.8% 1.8% 1.7% 1.7%

580 517

1.6% 1.5%

516

1.5%

Dorchester County Rank/Diagnosis Related Group Name 1. Vaginal delivery without complicating diagnoses 2. Cesarean section without complication 3. Major joint replacement or reattachment of lower extremity without major complication 4. Esophagitis, gastroenterology and miscellaneous digestive disorders without major complication 5. Uterine and adnexa procedure for non-malignancy without complication 6. Psychoses 7. Chest pain 8. Cesarean section with complication 9. Cervical spinal fusion without complication 10. Spinal fusion except cervical without major complication

Discharges 891 442 373

Percent of Total 6.6% 3.3% 2.8%

369

2.7%

286

2.1%

250 237 192 178 166

1.9% 1.8% 1.4% 1.3% 1.2%

Note: Includes acute care hospitals; excludes newborns.

Source: Office of Research and Statistics Health and Demographics

m e d i c a l & h e a lt h c a r e

Obesity Statistics by County, 2010

– Berkeley County

Number of ...

Physicians

Licensed beds

Charleston

2,552

720

709

Roper Hospital

Charleston

875

510

368

Trident Health

North Charleston

792

463

296

Bon Secours St. Francis Hospital

Charleston

412

507

204

City

MUSC Medical Center

– Dorchester County

80% 81.6%

80.6%

82.3%

70% 79.8%

60%

Mount Pleasant

217

458

140

Charleston

411

278

103

50%

Palmetto Lowcountry Behavioral Health

Charleston

102

40% 30%

307

94

Mount Pleasant Hospital

Mount Pleasant

105

226

85

Roper St. Francis Mount Pleasant Hospital

Mount Pleasant

101

280

85

20%

Kindred Hospital Charleston

Charleston

27

40

59

10%

Roper Rehabilitation Hospital

Charleston

-

-

52

HealthSouth Rehabilitation Hospital of Charleston

Charleston

34

2

46

Moncks Corner Medical Center

Moncks Corner

13

26

-

Roper St. Francis Medical Center Berkeley

Moncks Corner

18

621

-

27.8% 24.0% 18.4%

0% Adults overweight or obese

Adults not engaging in any leisure time physical activity

Adults not consuming five fruits and vegetables daily

Import/export & distribution

Note: Overweight or obese is defined as a Body Mass Index greater than 25.

The physical activity recommendation calls for adults to do at least 150 minutes per week of moderate-intensity aerobic physical activity or 75 minutes of vigorous-intensity activity.

The recommended fruit and vegetable consumption is two or more fruits and three or more vegetables daily.

Source: South Carolina Behavioral Risk Factor Surveillance System, “2011 South Carolina Obesity Burden Report”

Education

226

56.5% 52.8%

Employment & Economic development

Summerville Medical Center Summerville

Demographics

East Cooper Medical Center Ralph H. Johnson VA Medical Center

Source: SC Biz News Research Department

Financial Services

RNs

Facility

– Charleston County

Real Estate

Lowcountry Hospitals

Hospitality & Tourism Medical & Health Care Business Resources Government

17

www.charlestonbusiness.com | 2012 Market Facts

71

Business resources

W

hether youâ&#x20AC;&#x2122;re starting a business, growing an existing business or simply need answers to everyday business questions, you need a place to go. Check out the resources in this

section of Market Facts.

The following pages offer contact information for organizations that can help businesses find answers for common questions, complex problems, assistance in finding talent for your company or provide information about navigating local and state regulations.

Along with contact information for regional and statewide chambers of commerce, there is help to guide you in gaining access to working capital and economic development information to grow your existing business or to start a new one.

Section Sponsor

72 2012 Market Facts | www.charlestonbusines s.com

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CHAMBERS OF COMMERCE American Indian Chamber of Commerce South Carolina 9377 Koester Road Ladson, SC 29456 843-572-8435 843-569-1564 fax www.aiccsc.org Promotes commerce opportunities, business education, mentorship programs and public policy affecting American Indian commerce and development. The chamber also works to develop public awareness programs that foster tourism through American Indian hospitality, culture and recreation opportunities for business networking, recognition and entrepreneurship.

Berkeley Chamber of Commerce 1004 Old U.S. Highway 52 Moncks Corner, SC 29461 800-882-0337 www.berkeleysc.org Oversees the needs of more than 500 members in Berkeley County and surrounding communities, serving as the countyâ&#x20AC;&#x2122;s source for information while providing current and future community and business leaders opportunities to become involved in shaping the region.

Charleston Metro Chamber of Commerce 4500 Leeds Ave., Suite 100 Charleston, SC 29402 843-577-2510 www.charlestonchamber.net Serves to strengthen the region as the worldâ&#x20AC;&#x2122;s best location to live, learn, work and play and advance the regionâ&#x20AC;&#x2122;s economy, improve the quality of life and enhance membersâ&#x20AC;&#x2122; success.

Edisto Chamber of Commerce 430 S.C. Highway 174 Edisto Island, SC 29438 843-869-3867 www.edistochamber.com Greater Summerville Dorchester County Chamber of Commerce 402 N. Main St. Summerville, SC 29483 843-873-2931 www.greatersummerville.org Protects and promotes quality of life in the community, with specific emphasis on improving economic vitality and providing a favorable business climate.

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Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Business resources

Business Resources Government

S.C. Chamber of Commerce 1301 Gervais St., Suite 1100 Columbia, SC 29201 803-799-4601 www.scchamber.net Serves to create prosperity for all citizens through an economy of increased productivity and global competitiveness.

S.C. Hispanic Chamber of Commerce 910 East Washington St. Greenville, SC 29601 www.schcc.org Promotes and supports the advancement of the economic growth of Hispanic businesses in South Carolina and is committed to the development of programs and the facilitation of the resources needed to help Hispanic businesses to reach their full potential.

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4455 TILE DRIVE, CHARLESTON LIC#BAC-5298, FAC-3306 www.sonitrolsc.com

74 2012 Market Facts | www.charlestonbusines s.com

S.C. Small Business Chamber of Commerce 1717 Gervais St. Columbia, SC 29201 803-252-5733 www.scsbc.org Statewide advocacy organization working to make state government more smallbusiness friendly.

Sea Islands Chamber of Commerce 2817 Maybank Highway, Unit 1 Johns Island, SC 29455 843-793-1234 www.seaislandschamber.org Promotes the economic growth and quality of life in the Sea Islands area. Strives to provide a clear, persuasive voice for the business community in governmental affairs on federal, state, county and local levels. Provides services designed to enable the public and private sectors to improve productivity and promotes the Sea Islands area as an economic, educational and recreation center while providing membership services and networking opportunities for its members.

Tri-County Regional Chamber of Commerce 225 Parler Ave. St. George, SC 29477 843-563-8187 www.tri-crcc.com Serves its members and communities by

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74

S.C. African American Chamber of Commerce 3400 Forest Drive Columbia, SC 29204 803-661-2977 www.scachamber.com An advocate for prosperity, progress and the permeation of success within every county and community in South Carolina as it relates to black businesses.

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Business resources

ECONOMIC DEVELOPMENT

Intelligent. Efficient. Effective.

Hospitality & Tourism

Why do more businesses choose Charleston Steel over the others?

Medical & Health Care

We love challenges!

Our experience and know how designs and completes every job efficiently no matter how big or small.

Our trucks transport metals of all kinds and sizes in containers or flatbeds, low-sides, hi-sides and dumps.

Mobile Crews and Equipment.

(843) 722-7278 (843) 722-1340

www.charlestonsteelandmetal.com

“The LowCountry’s Leader in Metal Recycling”

57

Government

3038 Highway 52 North Mt. Holly, SC 29461

Solving legal problems for businesses and individuals in South Carolina.

Business Resources

Competitive Pricing...Prompt Payment 2700 Spruill Avenue N. Charleston, SC 29405

Import/export & distribution

Dorchester County Economic Development 402 N. Main St. Summerville, SC 29483 843-875-9109 www.dorchesterforbusiness.com Dorchester County Economic Development is responsible for growing and retaining business in Dorchester County. Its mission is to work to create and support an environment that welcomes business and helps companies grow and succeed over the long-term.

Lowcountry Housing & Economic

Education

Clemson Institute for Economic and Community Development 900 Clemson Road Columbia, SC 29229 803-788-5700 www.clemson.edu/public/ciecd Connects the resources of Clemson University and other agencies to the needs of South Carolina communities for community outreach, institute initiatives and research. The goal of CIECD is to develop and support leadership development programs for communities that enable and empower wealth creation,

College of Charleston Office of Economic Analysis 66 George St. Charleston, SC 29424 843-953-8111 http://sb.cofc.edu/centers/ economicanalysis Part of the School of Business Partnership Program, which links academic programs with key segments of the Lowcountry economy. Provides objective analysis and interpretation of economic data and trends in the international, nation, regional and local economy.

Employment & Economic development

Charleston Regional Development Alliance 5300 International Blvd., Suite 103 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

The Citadel Small Business Development Center 171 Moultrie St. Charleston, SC 29406 843-953-6007 The Small Business Development Center, a counseling partner of the U.S. Small Business Administration, helps people with small business startup ventures and assists in the continued growth of small businesses with funding from federal, state and private funds. Counseling services are free, confidential and open to any present or prospective small business owner.

foster result-oriented collaboration for building the capacity for community and economic development, provide cutting edge research-based information for community decision-making.

Demographics

Business Development Corp. of SC 111 Executive Center Drive Enoree Building, Suite 225 Columbia, South Carolina 29210 803-798-4064 www.businessdevelopment.org Established in 1958 by the state to promote business and industry within South Carolina, the BDC is a non-bank commercial lending company specializing in the SBA 7(a) loan guaranty program.

Charleston Business Development 475-A East Bay St. Charleston, SC 29403 843-724-3773 www.charlestonbd.com A city of Charleston enterprise that serves to attract, nurture and promote Charleston’s knowledge economy.

selection process, assisting companies with issues such as buildings and sites, financing and workforce training.

Financial Services

Berkeley County Economic Development Department 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4096 www.berkeleycountysc.gov/dept/ economicdev The Berkeley County Economic Department strives to attain a comprehensive economic development program directed toward economically sustainable and environmentally responsible opportunities.

Charleston Area Community Development Corp.

2146 Dorchester Road North Charleston, SC 29405 843-747-3311 www.charlestoncdc.org Provides community revitalization by building and preserving communities in the Charleston area and offers programs and services to combat community disparity and remove barriers in the areas of housing, education and economic development.

Real Estate

taking a proactive role in improving the general welfare, prosperity and quality of life for all citizens of the Tri-County Regional Chamber of Commerce area.

96 Broad Street, Charleston, SC 29401 | 843.720.2044 | www.duffyandyoung.com

www.charlestonbusiness.com | 2012 Market Facts

75

Development Foundation Inc. 2106 Mount Pleasant St. Charleston, SC 29403 843-722-0596 www.lowcountryhousingfoundation.org Founded in 1997 as a 501(c)(3) tax exempt organization, its mission is to provide housing and economic development opportunities for the low to moderateincome families of Coastal South Carolina through economic development, home ownership, housing rehabilitation, job preparation and financial management training services.

campaigns, create an explicit economic development program for distressed areas, increase support for startups and local firms, create new institutions for economic development and measure progress in raising prosperity.

North Charleston Department of Economic Development 2500 City Hall Lane North Charleston, SC 29406 843-554-5700 www.northcharleston.org/ business/econdev/default.aspx North Charleston provides resources to New Carolina – South Carolina’s help business get from where they are to Council on Competitiveness where they want to be. Drawing on the 1411 Gervais St., Suite 315 strength of increasing numbers of public/ Columbia, SC 29201 private partnerships, North Charleston 803-760-1400 provides infrastructure, a well-trained www.newcarolina.org work force, support services and financial New Carolina works collaboratively across resources to help businesses succeed. business, government and academic sectors to steer task forces to enhance Our Region Our Plan education and workforce development, 1362 McMillan Ave., Suite 100 increase support for entrepreneurship and Charleston, SC 29405 tackle issues in distressed areas. It aims 843-529-0400 to integrate education, innovation and en- www.ourregionourplan.org trepreneurship into strategies of the core Promotes thinking and decision-making industries in South Carolina. The comon a regional scale to address shared petitiveness initiatives are to activate and concerns and realize common goals and upgrade clusters, continue to enhance raises public awareness of issues and education and workforce training, invest opportunities important to the economic in research and the university system, health and quality of life in the region. launch internal and external marketing

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Business resources

Government

76

76 2012 Market Facts | www.charlestonbusines s.com

The Palmetto Institute 1411 Gervais St., Suite 450 Columbia, SC 29201 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, promotes positive economic change within South Carolina and disseminates research findings and conclusions both to scholarly and other audiences.

S.C. Association of Community Development Corps 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 grass-roots leadership development, access to capital, advocacy and technical assistance.

S.C. Centers for Economic Excellence www.sccoee.org Spearheads the SmartState Program, which serves the public interest by creating incentives for the state’s research universities in cooperation with other institutions of higher education, to raise capital from non-state sources to fund endowments for specialized research professorships, which, in turn, cultivates critical, public-private industrial partnerships, expands the state’s knowledge base, creates well-paying jobs and enhances economic opportunities and improves the quality of life for the people of South Carolina.

S.C. Commerce Department Small Business Services Maceo Nance, manager 1201 Main St., Suite 1600 Columbia, SC 29201 803-737-0440 scbiznetwork@sccommerce.com www.sccommerce.com/sc-businessnetwork S.C. Economic Developers Association P.O. Box 1763 Columbia, SC 29202 803-929-0305 www.sceda.org A statewide association of more than 500 member organization whose primary ob-

Business resources

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.

Charleston Angel Partners LLC 5 Liberty St. Charleston, SC 29424 843-881-5623 www.charlestonangelpartners.com A member-driven organization composed of Charleston-area business professionals who work to help support high-growth economic development in the region and screen and evaluate qualified startups looking for seed capital. Membership is open to qualified individual investors who work collectively to gain the benefits of a group experience but act individually in every investment decision.

Employment & Economic development

Trident Technical College Division of Continuing Education & Economic Development 7000 Rivers Ave. North Charleston, SC 29406 843-574-6022 www.tridenttech.edu/ce.htm Serves as a catalyst for personal, community and economic development by empowering individuals through education and training.

FINANCIAL ASSISTANCE

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.

Demographics

SC Launch 645 Meeting St. Charleston, SC 29403 843.760.5896 www.sclaunch.org A collaboration among SCRA and South Carolina’s university research foundations. It facilitates applied research, product development and commercialization programs and works to strengthen South Carolina’s knowledge economy by creating high-wage jobs. It also provides entrepreneurs with key tools for success to help build technology startups, jobs and equity in the future for South Carolina.

Sewee to Santee Economic Foundation Inc. 405 Pinckney St. McClellanville, SC 29458-0026 843-887-4453 Serves to promote economic growth while preserving rural heritage.

University of South Carolina Division of Research Darla Moore School of Business University of South Carolina 1705 College St. Columbia, SC 29208 803-777-4424 http://mooreschool.sc.edu/ facultyandresearch/researchcenters/divisionofresearch.aspx The division reaches beyond the academic environment into public and private sectors of the state of South Carolina by conducting applied practical research on timely business and economic topics and serves as a center of expertise on issues associated with the state’s economy.

Financial Services

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.

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 longterm economic development.

Real Estate

jective is to increase the effectiveness of those involved in economic development in South Carolina.

Import/export & distribution Hospitality & Tourism Medical & Health Care Business Resources Government

77

www.charlestonbusiness.com | 2012 Market Facts

77

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

Business resources

Government

78

Charleston Local Development Corp.

75 Calhoun St., Third Floor Charleston, SC 29401 843-724-3796 www.charlestonldc.com The organization provides counseling and administers loan programs for individuals who locate businesses in Charleston, and can also provide access to tax incentives and credits through the city’s Renewal Community designation.

Mortgage Bankers Association of the Carolinas Inc. P.O. Box 2588 Mount Pleasant, SC 29465 843-303-5705 www.mbac.org Represents companies that participate in the mortgage lending industry in 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 a lender’s membership or receive assistance in resolving disputes with lenders and affiliates.

S.C. Investor Network 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.

HUMAN RESOURCES Employers Association of South Carolina 104 Corporate Blvd., Suite 408 West Columbia, SC 29169 803-783-0368 www.eascinc.com Provides statewide human resource, supervisory and management development training, including guidance and information on compensation packages, human resource policies and practices, labor relations, development of employee handbooks, consulting and training and affinity programs. It also offers an online learning center with more than 6,000 courses available.

S.C. Chamber of Commerce HR Institute 1301 Gervais St., Suite 110 Columbia, SC 29201 803-799-4601 www.scchamber.net/overflow/ hrinstitute.aspx Offers a certificate series providing trainees with an extensive overview of human resources, management and supervisory development, employee benefits, diversity, safety and health. The program is a more comprehensive version of the Fundamentals of Human Resources Management program, and increases the fundamental knowledge, skills and techniques in human resources management.

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 post-secondary, trade and vocational programs.

S.C. Society for Human Resource Management – Tri-county Chapter S.C. Department of P.O. Box 6272 Employment and Workforce North Charleston, SC 29419 1550 Gadsden St. 843-819-5129 P.O. Box 995 http://tchrma.shrm.org Columbia, SC 29202 Promotes the educational and profession803-737-2400 al development resources and services of www.dew.sc.gov the society; adopts programs to promote Maintains a statewide network of employ- the progress, visibility and welfare of the ment service offices that offer testing, group and its members in the human counseling and job referrals and assist resources profession, including leaderemployers in filling jobs with qualified ship training and succession planning; personnel. S.C. DEW also administers and provides programs and services to unemployment benefits. All employment chapter members. services are free to the public. The Labor Market Information department provides a database on industries, employers, population, income, occupations and other information.

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78 2012 Market Facts | www.charlestonbusines s.com

Business resources S.C. Broadcasters Association 1 Harbison Way, Suite 112 Columbia, SC 29212 803-732-1186 www.scba.net

Charleston Trident Association of Realtors 5300 International Blvd., Suite C-105 Charleston, SC 29418 843-760-9400 www.charlestonrealtors.com

Lowcountry Manufacturers Council P.O. Box 61569 North Charleston, SC 29419-1569 843-574-6300 www.lmcsc.org

S.C. Commission on Women 1205 Pendleton St. Columbia, SC 29201 803-734-5806 www.govoepp.state.sc.us/sccw

MISCELLANEOUS BUSINESS DIRECTORY

Charleston Trident Homebuilders Association 672 Marina Drive, Suite 105 Charleston, SC 29492 843-572-1414 www.hbacharleston.com

Mount Pleasant Business Association P.O. Box 1635 Mount Pleasant, SC 29465-1635 www.mympba.com

S.C. Department of Health and Environmental Control 2600 Bull St. Columbia, SC 29201-803-898-3432 www.scdhec.net

S.C. Bar Association 950 Taylor St. Columbia, SC 29201 803-799-6653 www.scbar.org

S.C. Hospital Association 1000 Center Point Road Columbia, SC 29210 803-796-3080 www.scha.org

Import/export & distribution

Charleston American Marketing Association P.O. Box 20885 Charleston, SC 29413 www.charlestonama.com

Coastal Community Foundation 635 Rutledge Ave., Suite 201 Charleston, SC 29403 843-723-3635 www.coastalcommunityfoundation.org

S.C. Association of Nonprofit Organizations 2711 Middleburg Drive, Suite 201 Columbia, SC 29204 803-929-0399 www.scanpo.org

S.C. Department of Labor, Licensing and Regulation Synergy Business Park, Kingstree Building 110 Centerview Drive Columbia, SC 29210 803-896-4300 www.llr.state.sc.us

Education

Carolinas Minority Supplier Development Council 9115 Harris Corners Parkway, Suite 440 Charlotte, NC 28269 704-549-1000 www.carolinasmsdc2.org

Charleston Women in International Trade P.O. Box 20145 Charleston, SC 29413 www.switsc.org

S.C. Association of CPAs 570 Chris Drive West Columbia, SC 29169 803-791-4181 www.scacpa.org

Employment & Economic development

Alliance for Small Business and Non-Profit Organizations P.O. Box 4047 Anderson, SC 29621 864-260-4500 www.andersonlibrary.org/alliance

Demographics

Lowcountry Local First 1345 Avenue G North Charleston, SC 29405 843-740-5444 www.lowcountrylocalfirst.org

Financial Services

Charleston Defense Contractors Association P.O. Box 61089 Charleston, SC 29419 www.charlestondca.org

Real Estate

S.C. Workersâ&#x20AC;&#x2122; Compensation Commission 1333 Main St., Suite 500 P.O. Box 1715 Columbia, SC 29202-1715 803-737-5700 www.wcc.sc.gov 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.

Hospitality & Tourism

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Medical & Health Care

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Government

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843.556.2499 EMS is a registered agent of Electronic Merchant Systems

www.charlestonbusiness.com | 2012 Market Facts

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S.C. Hospitality Association P.O. Drawer 7577 Columbia, SC 29202 803-765-9000 www.schospitality.org S.C. Press Association P.O. Box 11429 Columbia, SC 29211 803-750-9561 www.scpress.org S.C. Society of Professional Engineers P.O. Box 11937 Columbia, SC 29211-1937 803-771-4271 www.scspe.org Trident United Way 6296 Rivers Ave., Suite 200 North Charleston, SC 29406 843-740-9000 www.tuw.org

Information Technology Professionals of South Carolina P.O. Box 1124 Columbia, SC 29202 www.itpsc.org Provides a forum for members to exchange information and concepts to the mutual benefit of member companies and individuals. Encourages and assists in the education of member company representatives and individuals through seminars, conferences, newsletters and special reports or presentations. Presents a unified position on information and telecommunication technology matters, policies legislative and regulatory issues and supports public and private educational institutions offering curriculums in information and telecommunications.

Municipal Technology Association of S.C. 1411 Gervais St. P.O. Box 12109 TECHNOLOGY Columbia, SC 29211 803-799-9574 Association of Information www.masc.sc/programs/knowledge/ Technology Professionals affiliates/Pages/Technology.aspx — Charleston Promotes the effective use of information P.O. Box 61225 technology by municipalities throughNorth Charleston, SC 29419-1225 out South Carolina and offers members www.aitp.org/group/184 access to listserves and training on how Serves members by delivering relevant to provide better services and achieve technology and leadership education, greater efficiencies using the latest research and information on business and technological innovations for municipal technology issues and presents forums government. for networking and collaboration.

S.C. Assistive Technology Program Charleston Digital Corridor Midlands Center 475-A East Bay St. 8301 Farrow Road Charleston, SC 29403 Columbia, SC 29203 843-724-3773 803-935-5263 www.charlestondigitalcorridor.com www.sc.edu/scatp A creative effort by Charleston to attract, A federally funded program concerned nurture and grow knowledge-based with getting technology into the hands enterprises. In partnership with regional of people with disabilities. A part of the economic development agencies, comnational network of technology-related munication infrastructure providers and assistance programs, its goal is to the private sector, the corridor’s commit- enhance independence, productivity and ment is to facilitate an environment where quality of life for all South Carolinians technology companies thrive. through access to assistive technology devices and services.

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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80 2012 Market Facts | www.charlestonbusines s.com

S.C. Association for Educational Technology P.O. Box 7907 Columbia, SC 29202 www.scaet.org A nonprofit association serving to promote the innovative, intelligent and responsible use of technology in the enhancement of education. Organizes and produces the South Carolina Educational Technology Conference and established and supports other statewide forums for sharing ideas, information and resources in the use of educational technology.

SCRA 5300 International Blvd.

North Charleston, SC 29418 843-760-3200 www.scra.org Dedicated to stimulating economic growth through science and technology, as well as provides leadership to create innovative solutions through advanced technology that enhances customers’ performance. SCRA was started by the state Legislature under a public charter to help develop technology-based industries in the state. It is a non-stock, tax-exempt applied research corporation. TechnolS.C. Division of State ogy ventures helps early-stage, South Information Technology Carolina-based technology companies P.O. Box 12444 grow their business and commercialize Columbia, SC 29211 their products. Applied research and 803-896-0001 development creates and leads teams www.cio.sc.gov from many industries, organizations and A statewide government agency that facil- disciplines to develop and apply technolitates government services in South Caro- ogy solutions to complex challenges for lina by coordinating enterprise technology federal and corporate clients. Research investment and providing information and development facilities build, manage technology solutions. Also delivers costand lease state-of-the-art laboratories, effective services for citizens, businesses advanced manufacturing facilities and and government organizations. secure spaces for sensitive work.

S.C. Information Technology Directors Association P. O. Box 12366 Columbia, SC 29211-2366 803-734-9059 www.scitda.org A collaboration of technology to benefit South Carolina’s agencies and the citizens of the state. Provides a medium for the exchange of information pertinent to the management of state information technology facilities, provides a consolidation of experience, knowledge and interest in improving information technology, administration and management and serves as an instrument for the dissemination of information relating to information technology in the state.

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 in expanding the base of rapidly growing companies and startup businesses, and invest in world-class university research programs that are directly linked to South Carolina industry.

Space and Naval Warfare Systems Center Atlantic P.O. Box 190022 North Charleston, SC 29419-9022 843-218-4000 www.public.navy.mil/spawar A division of the Department of Navy, SPAWAR delivers higher-end Navy information technology products and services to fleet and other Defense Department stakeholders. As the Navy’s Information Dominance Systems Command, the Space and Naval Warfare Systems Center designs, develops and deploys advanced communications and information capabilities, and supports the full lifecycle of product and service delivery from the initial research and development to acquisition and deployment and operations and logistics support.

Government

N

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.

Also included in this section is information about municipalities in Berkeley, Charleston and Dorchester counties. Each city, town and county operates a little differently, so if you are planning on doing business within a specific area, use this information to contact the appro-

Fast Facts 1975

The year Charlestonâ&#x20AC;&#x2122;s Mayor Joe Riley was first elected mayor.

priate government entity or consult the websites listed on the following pages for information about permitting, business licenses, taxes, economic development, government regulations and hiring.

6

The number of Congressional districts in South Carolina.

Section Sponsor

82 2012 Market Facts | www.charlestonbusines s.com

May 23, 1788 The date South Carolina became the eighth state in the U.S.

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

government

Government

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Legislative Representatives U.S. Senate

State 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

Paul G. Campbell Jr. (R) District No. 44 – Berkeley County 604 Gressette Building Columbia, SC 29201 803-212-6016 PaulCampbell@scsenate.org

Jim DeMint (R) 340 Russell Senate Office Building Washington, DC 20510 202-224-6121 www.demint.senate.gov Local office: 112 Custom House 200 East Bay St. 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.house.gov/clyburn Local office: 1362 McMillan Ave., Suite 100 North Charleston, SC 29405 843-529-2708

George E. “Chip” Campsen III (R) District No. 43 – Berkeley and Charleston counties 604 Gressette Building Columbia, SC 29201 803-212-6016 Campsen@scsenate.org Ray Cleary (R) District No. 34 – Charleston, Georgetown and Horry counties 501 Gressette Building Columbia, SC 29201 803-212-6100 ClearyR@scsenate.org Robert Ford (D) District No. 42 – Charleston County 506 Gressette Building Columbia, SC 29201 803-212-6124 RIF@scsenate.org Lawrence K. “Larry” Grooms (R) District No. 37 – Berkeley, Charleston, Colleton and Dorchester counties 203 Gressette Building Columbia, SC 29201 803-212-6400 STR@scsenate.org John W. Matthews Jr. (D) District No. 39 – Bamberg, Colleton, Dorchester, Hampton and Orangeburg counties 613 Gressette Building Columbia, SC 29201 803-212-6056 JWM@scsenate.org 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

84 2012 Market Facts | www.charlestonbusines s.com

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 Joseph Sofronio Daning (R) District No. 92 – Berkeley County 310A Blatt Building Columbia, SC 29201 803-734-2951 JoeDaning@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 Joseph H. Jefferson Jr. (D) District No. 102 – Berkeley County 304D Blatt Building Columbia, SC 29201 803-734-2936 JeffersonJ@schouse.org Patsy G. Knight (D) District No. 97 – Dorchester County 306B Blatt Building Columbia, SC 29201 803-734-2960 KnightP@schouse.org Harry B. “Chip” Limehouse III (R) District No. 110 – Berkeley and Charleston counties 326C Blatt Building Columbia, SC 29201 803-734-2977 HBL@schouse.org David J. Mack III (D) District No. 109 – Charleston County 328D Blatt Building Columbia, SC 29201 803-734-3192 DJM@schouse.org James H. “Jim” Merrill (R) District No. 99 – Berkeley and Charleston counties 308D Blatt Building Columbia, SC 29201 803-734-3972 JM1@schouse.org

Kevin R. Ryan (R) District No. 108 – Charleston and Georgetown counties 320 A Blatt Building Columbia, SC 29201 803-212-6927 kevinryan@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 Christopher J. “Chris” Murphy (R) District No. 98 – Charleston and Dorchester counties 310A Blatt Building Columbia, SC 29201 803-212-6925 chrismurphy@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 William E. “Bill” Crosby (R) District No. 117 – Berkeley and Charleston counties 310D Blatt Building Columbia, SC 29201 803-212-6879 billcrosby@schouse.org Peter M. McCoy, Jr. (R) District No. 115 – Charleston County 326A Blatt Building Columbia, SC 29201 803-212-6872 petermccoy@schouse.org F. Michael “Mike” Sottile (R) District No. 112 – Charleston County 306D Blatt Building Columbia, SC 29201 803-212-6880 MikeSottile@schouse.org Wendell G. Gilliard (D) District No. 111 – Charleston County 328A Blatt Building Columbia, SC 29201 803-212-6793 WendellGilliard@schouse.org

Business Resources

Medical & Health Care

Hospitality & Tourism

Import/export & distribution

Education

Employment & Economic development

Demographics

Financial Services

Real Estate

government

Government

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Constitutional Offices Statewide Offices

Office of the Lieutenant Governor Office of the Adjutant General Glenn McConnell, lieutenant Maj. Gen. Robert E. Livingston Jr., governor Statehouse, First Floor adjutant general P.O. Box 142 1 National Guard Road Columbia, SC 29202 Columbia, SC 29201-4766 803-734-2080 803-806-4217 robert.livingston@sc.ngb.army.mil ltgovernor@scstatehouse.gov www.ltgov.sc.gov www.scguard.com S.C. Department of Agriculture Hugh E. Weathers, commissioner 1200 Senate St. P.O. Box 11280 Columbia, SC 29211 803-734-2190 hweathe@scda.sc.gov www.agriculture.sc.gov Attorney General’s Office Alan Wilson, attorney general Rembert Dennis Building 1000 Assembly St., Room 519 Columbia, SC 29201 803-734-3970 info@scattorneygeneral.com www.scag.gov S.C. Department of Commerce Robert M. “Bobby” Hitt III, secretary 1201 Main St., Suite 1600 Columbia, SC 29201-3200 803-737-0400 info@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 Maj. Gen. Abraham J. Turner, executive director 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 www.dew.sc.gov Office of the Governor Nikki R. Haley, governor 1205 Pendleton St. P.O. Box 12267 Columbia, SC 29211 803-734-2100 www.governor.sc.gov

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 State Treasurer’s Office Curtis M. Loftis Jr., state treasurer Wade Hampton Office Building 1200 Senate St. Columbia, SC 29211 803-734-2016 treasurer@sto.state.sc.us www.treasurer.sc.gov State Superintendent of Education Mick Zais, superintendent Rutledge Building 1429 Senate St., Suite 1006 Columbia, SC 29201 803-734-8492 info@ed.sc.gov www.ed.sc.gov/agency/ superintendent

County Administration Charleston County Administrator W. Kurt Taylor 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

County Auditors

Teddie E. Pryor Sr., chairman (District 5) 843-744-5308 tpryor@charlestoncounty.org

David Chinnis (District 2) 843-408-1504 dchinnis@dorchestercounty.net

A. Victor “Vic” Rawl (District 6) 843-766-7334 vrawl@charlestoncounty.org

George Bailey (District 3) 843-563-2314 gbailey@dorchestercounty.net

Dorchester County Mary L. Pearson mpearson@dorchestercounty.net Berkeley County Main Office: Janet Brown Jurosko 201 Johnston St. P.O. Box 6122 St. George, SC 29477 1003 U.S. Highway 52 Moncks Corner, SC 29461-6120 843-563-0165 843-719-4309 webaud@berkeleycountysc.gov Summerville Branch: 500 N. Main St. Summerville, SC 29483 Charleston County 843-832-0165 Peggy Moseley

Colleen T. Condon (District 7) 843-225-7288 colleen@colleencondon.com

Larry Hargett (District 4) 843-514-7135 lhargett@dorchestercounty.net

101 Meeting Street P.O. Box 614 Charleston, SC 29402-0614 843-958-4200

Henry Darby (District 4) 843-297-9014 henrydarby@msn.com

Dorchester County Council Willie R. Davis (District 1) 843-832-2739 wdavis@dorchestercounty.net

Anna B. Johnson (District 8) Richard Rosebrock (District 5) 843-795-3970 843-871-9877 ajohnson@charlestoncounty.org rrosebrock@dorchestercounty. net Joseph K. Qualey (District 9) 843-693-3434 William R. “Bill” Hearn Jr. jqualey@charlestoncounty.org (District 6) 843-851-8383 bill.wrhearn@gmail.com Berkeley County 843-719-4234 (Moncks Corner) Jay Byars (District 7) 843-723-3800 (Charleston) 843-563-0196 843-567-3136 (St. Stephen) byarsj@dorchestercounty.net Berkeley County Council Daniel W. “Dan” Davis, chairman County Economic and county supervisor Directors 1003 U.S. Highway 52 Moncks Corner, SC 29461 Berkeley County Ext. 4094 Gene Butler www.berkeleycountysc.gov 1003 U.S. Highway 52 P.O. Box 6122 Phillip Farley (District 1) Moncks Corner, SC 29461 843-747-2486 843-719-4096 www.berkeleycountysc.gov webecd@berkeleycountysc.gov Timothy J. Callanan (District 2) 843-628-6363 Charleston County J. Steven Dykes Robert O. Call Jr., (District 3) Lonnie Hamilton III Public 843-764-1976 Services Building 4045 Bridge View Drive Cathy S. Davis (District 4) Charleston, SC 29405 843-875-9541 843-958-4506 sdykes@charlestoncounty.org Dennis Fish (District 5) www.charlestoncounty.org 843-871-9028 Dorchester County Jon Baggett P.O. Box 340 Caldwell Pinckney Jr. (District 7) 402 N. Main St. Summerville, SC 29484 843-753-7377 843-875-9109 jon@dorchesterforbusiness.com Steve C. Davis (District 8) www.dorchestercountysc.net 843-761-7727 Jack H. Schurlknight (District 6) 843-761-4303

Dorchester County

Administrator Jason L. Ward, administrator 201 Johnston St. J. Elliott Summey (District 3) St. George, SC 29477 843-200-4244 esummey@charlestoncounty.org 843-832-0100 www.dorchestercounty.net

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Dorchester County James “JJ” Messervy Jr. Main Office: 201 Johnston St. St. George, SC 29477 843-563-0118 Summerville Office: 500 N. Main St. Summerville, SC 29483 843-832-0169 auditoradmin@ dorchestercounty.net

County Treasurers Berkeley County Carolyn Umphlett P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4040 webtrs@berkeleycountysc.gov Charleston County Andrew C. Smith Main Office: O.T. Wallace County Office Building 101 Meeting St. Suite 240 Charleston, SC 29402 843-958-4360 East Cooper Service Center: 1189 Iron Bridge Road Mount Pleasant, SC 29464 843-856-1200 North Charleston Service Center: Lonnie Hamilton III Public Services Building 4045 Bridge View Drive, Suite B101 Charleston, SC 29405 St. Paul’s Service Center: 5962 S.C. Highway 165, Suite 300 Ravenel, SC 29470 843-889-8351

Tri-County Municipalities Population data based on 2010 census Awendaw Population: 1294 Mayor: Samuel N. Robinson 6971 Doar Road Awendaw, SC 29429 843-928-3100 www.awendawsc.org Bonneau Population: 487 Mayor: Rembert E. Wrenn 420 Municipal Lane P.O. Box 70 Bonneau, SC 29431 843-852-3385 Charleston Population: 120,083 Mayor: Joseph P. Riley Jr. Lonnie Hamilton III Public Services Building 4045 Bridge View Drive North Charleston, SC 29405 843-577-6970 www.charlestoncity.info Building Permits: 843-202-6940 Building Licenses: 843-2026080 Construction Permits: 843-7247431 Economic Development: 843958-4506 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: 843-588-2447 Goose Creek Population: 35,938 Mayor: Michael J. Heitzler 519 N. Goose Creek Blvd.

P.O. Drawer 1768

government

Moncks Corner Population: 7,885 Mayor: William W. Peagler III 118 Carolina Ave. P.O. Box 700 Moncks Corner, SC 29461 843-719-7900 www.townofmonckscorner. sc.gov

Ridgeville Population: 1,979 Mayor: James Williams P.O. Box 238 Ridgeville, SC 29472 843-871-7960

Seabrook Island Population: 1,714 Mayor: William F. Holtz 1307 Jenkins Lagoon Drive Seabrook Island, SC 29455 843-768-7264 www.townofseabrookisland.org

Rockville Population: 134 Mayor: Mary Ann Cates 2484 Sea Island Yacht Club Road Wadmalaw Island, SC 29487 843-559-7072 www.townofrockville.com St. George Population: 2,084 Mayor: Anne Johnston 305 Ridge St. P.O. Box 904 St. George, SC 29477 843-563-3032

Sullivan’s Island Population: 1,791 Mayor: Carl J. Smith 1610 Middle St. P.O. Box 427 Sullivan’s Island, SC 29482 843-883-3889 www.sullivansisland-sc.com Summerville Population: 43,392 Mayor: Bill Collins 104 Civic Center 200 S. Main St. Summerville, SC 29483 843-871-6000 www.summerville.sc.us

Import/export & distribution

Ravenel Population: 2,465 Mayor: Opal N. Baldwin 5962 S.C. Highway 165, Suite 100 Ravenel, SC 29470 843-889-8732

St. Stephen Population: 1,697 Mayor: Robert B. Hoffman 124 Hood St. St. Stephen, SC 29479 843-567-3597

Education

Isle of Palms Population: 4133 Mayor: Dick Cronin 8 Marsh Point Lane Isle of Palms, SC 29451 843-886-9361 www.isle-of-palms.sc.us

Kiawah Island Population: 1,626 Mayor: G. Steven Orban 21 Beachwalker Drive Kiawah Island, SC 29455 843-768-9166 www.kiawahisland.org

Meggett Population: 1,226 Mayor: Grange S. Coffin Jr. 4776 S.C. Highway 165 Meggett, SC 29449 843-889-3622 www.meggettsc.com

North Charleston Population: 97,471 Mayor: R. Keith Summey 2500 City Hall Lane P.O. Box 190016 North Charleston, SC 29406 843-740-2501 www.northcharleston.org Building Inspection & Permits: 843-740-2530 Economic Development: 843740-2530 Zoning: 843-740-2578

Reevesville Population: 196 Mayor: Paul Wimberly P.O. Box 126 Reevesville, SC 29471 843-563-2058

Employment & Economic development

Hollywood Population: 4714 Mayor: Jacquelyn S. Heyward 6316 S.C. Highway 162 P.O. Box 519 Hollywood, SC 29449 843-889-3222

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/pdf/ Regional_Directory/jamestown. pdf

McClellanville Population: 499 Mayor: Rutledge B. Leland III 21 Morrison Ave. McClellanville, SC 29458 843-887-3713 www.townofmcclellanville-sc. net

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: 843-884-1229 Business Licenses: 843-8492786 Economic Development: 843856-2504

Demographics

Harleyville Population: 677 Mayor: Charles Ackerman 119 S. Railroad Ave. Harleyville, SC 29448 843-462-7676

James Island Population: included within the Charleston-North Charleston Urbanized Area and the larger Charleston-North Charleston Metropolitan Statistical Area Mayor: Bill Woolsey 1238 Camp Road P.O. Box 12240 James Island, SC 29412 843-762-7744 www.jamesislandsc.us

Lincolnville Population: 1,139 Mayor: Tyrone E. Aiken P.O. Box 536 Lincolnville, SC 29485 843-873-3261 www.lincolnvillesc.com

Financial Services

Hanahan Population: 117,997 Mayor: Minnie N. Blackwell 1255 Yeamans Hall Road Hanahan, SC 29406 843-554-4221 www.cityofhanahan.com

Building Permits & Business Licenses: 843-886-9912

Real Estate

Goose Creek, SC 29445 843-797-6220 www.cityofgoosecreek.com Planning Department: 843-7976220, ext. 118

Hospitality & Tourism

Expanding Your Business.

South Carolina St yle

Medical & Health Care

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30 www.charlestonbusiness.com | 2012 Market Facts

78

Government

Together, we are committed to building strategic partnerships with smart, forward-thinking businesses. And we back this commitment by delivering quality service and reliable electric power at some of the lowest rates in the nation. To find out more, visit www.scprimesite.com/EEM.

Business Resources

We have a good thing going here in the Palmetto State. There’s plenty of room to grow, unmatched recreational opportunities, a low cost of living, a willing and able workforce, an unbeatable business climate and South Carolina’s Power Team. The Power Team is composed of Santee Cooper and the state’s 20 electric cooperatives.

87

Real Estate Financial Services Demographics Employment & Economic development

Education Import/export & distribution Hospitality & Tourism Medical & Health Care Business Resources

INDEX OF

advertiserS 1 Sterling Place Ltd................................................................................ 31

Hussey Gay Bell & Deyoung Inc......................................................... 18

Blanchard & Calhoun Commercial.................................................... 20

Kontane Logistics Inc............................................................................ 54

Caldwell Commercial Real Estate Services.......................................... 9

Labinal Inc.............................................................................................. 39

Carolina Commercial LLC................................................................... 13

Landmark Enterprises.......................................................................... 17

CB Richard Ellis Carmody................................................................... 14

Lee & Associates.....................................................Inside Back Cover, 7

CF Evans Construction........................................................................ 30

Liquid Box.............................................................................................. 54

Charleston County Park and Recreation Commission.................... 61

MaidPro.................................................................................................. 76

Charleston Metro Chamber of Commerce.................................. 55, 81

Montague Terrace.................................................................................. 60

Charleston Southern University.......................................................... 46

Morelli Heating and Air....................................................................... 18

Charleston Steel & Metal................................................................ 37, 75

MUSC..................................................................................................... 67

Chastain Construction Inc................................................................... 13

NAI Avant............................................................................................... 11

Choate Construction............................................................................ 57

Palmetto Primary Care Physicians...................................................... 71

Citadel Graduate College, The............................................................. 48

Parker Land Surveying......................................................................... 12

City Of Folly Beach............................................................................... 65

PDA......................................................................................................... 63

Coldwell Banker Commercial/Atlantic International Inc................. 8

Piers......................................................................................................... 37

College of Charleston School of Business.......................................... 43

Port Directory........................................................................................ 57

Costanzo Team Carolina One Real Estate......................................... 10

Rosen Hagood........................................................................................ 14

Cru Catering.......................................................................................... 64

Sabal Homes............................................................................................. 8

Dan Ryan Builders Inc.......................................................................... 49

SAIC........................................................................................................ 85

Daniel Island Real Estate Co................................................................ 16

Santee Cooper........................................................................................ 87

Daniel Ravenel Sothebyâ&#x20AC;&#x2122;s International Realty.................................... 5

Saulisbury Business Machines............................................................. 79

Darla Moore School of Business, USC......................................... 35, 47

SC Biz News........................................................................................... 59

Duffy & Young LLC.............................................................................. 75

SC Biz Custom Media........................................................................... 73

E-Squared Exhibits................................................................................ 74

SIOR Designation Charleston.............................................................. 15

Elaine Brabham & Associates.............................................................. 20

Sonitrol Security Systems of Charleston............................................ 74

Electronic Merchants Systems............................................................. 79

Sonoco Recycling.................................................................................. 77

Elliott Davis LLC................................................................................... 23

South Carolina Federal Credit Union................................................. 29

Francis Marion Hotel............................................................................ 62

Southeastern Management Group...................................................... 19

Harbor National Bank.......................................................................... 27

Steve Ross BB&T Mortgage................................................................. 69

HDR Inc. of the Carolinas.................................................................... 55

Sunland Distribution Inc...................................................................... 53

Herald Office Solutions......................................................................... 77

Town of Mount Pleasant....................................................................... 83

Hill Construction Co............................................................................ 19

Trident Construction............................................................................ 10

HITT Contracting Inc..............................................Inside Front Cover

Trident Health System.......................................................................... 68

Government

88 Hogan Construction Group LLC........................................................ 17

Trident Technical College................................Outside Back Cover, 45

Holder Properties.................................................................................. 12

Webster Rogers LLP.............................................................................. 26

Home Telephone Co............................................................................. 76

Webster University................................................................................ 49

Hood Construction Inc........................................................................ 30

88 2012 Market Facts | www.charlestonbusines s.com