NEWS MAKERS 2013
From the 7.1.13 Issue
July 1 - 14,
2013 • www.charle
s.com
Volume 19, No.
on
CARTA launches North Charleston bus route. Page 6
The Lowcountry’s hidden STEM economy
stonbusines
Ports authorit y approves ‘agg ressive’ budget
Circulating in North Charlest
Hidden STEM
Report finds new measurement of science and technology jobs. Page 9
IT boost
Boeing S.C. begins information tech hiring workers. Page 9
It’s triplets!
Charleston to purchase land for third incubator. Page 10
INSIDE Upfront .................... ........ 2 In Focus: Technology Innovation ....................& .. 9 List: IT Support Cos. ... 24 At Work .................... ..... 27 Business Digest People in the ............. 27 News ........ 27 Hot Properties ................ Viewpoint.................... 30 ... 31
ExECuTIVE Summary
“As we all see, it’s a very aggressive said Bill Stern, plan, chairman of the ports authori-” ty board. “I think it’s a good plan. plan. As we’ve It’s a doable all said, it’s a little stretch.” The authority has budgeted increase in a 5.9% pier containers fiscal 2013’s projections, compared with pushing its container
Continuing to Climb See PORT BUDGET,
A
irlines are rearranging their and though the consolidatio flight offerings across the many small country, n has led to airports, Charleston decreases in counter to the service at International trend. Airport has From 2007 to run 2012, small of their seat capacity, but hub airports across the country lost during that national Airport 13.5% same period, Charleston Interers more options increased its number of seats by 6.5%, the Massachuse when flying from the airport, according giving travela 14% increase tts Institute of Technology to a study by . during that time,in the number of people Charleston has also seen flying from the ation Administra according to statistics from the Federal airport tion and the Aviairport. “The airport is really a reflection and the community of the economy of the Charleston ,” said Andy Savage, chairman “We feel strongly County Aviation Authority. that if we can environmen create t that an lines, it’s good is good for the airfor the public serve.” we See AIRPORT,
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6.5%
The increase in seats at Charlest on Internat ional Airport from 2007 to 2012
➤ Anita Marshall,
customer agent at US Airways, service travelers. (Photo/Leslie assists Burden)
2013 gui de to m ainta
What to do before,
ining y our bus ines
during and after
s throu g
a disaster to
Page 11
h chall e
nges
keep your business
intact.
Facts for the CharlestonNorth Charleston-Summerville MSA
Jobs
Job share
57,920
21.3%
Rank: 70 out of 100
Rank: 23 out of 100
STEM jobs by degree required
After the Charleston Digital Corridor hosted the CodeShow technology conference in March, participants gathered at Southend Brewery for the after-party. (Photo/Leslie Burden)
A
bout one-fifth of Lowcountry jobs are related to science, technology, engineering and math, putting the region at 23rd out of the 100 biggest metro areas, according to the Brookings Institution. Nationwide, Brookings found that STEM-related fields constitute 20% of all U.S. jobs, with the largest occupations including registered nurses, auto technicians, mechanics and engineers. The study analyzed 100 metro areas, including the Charleston-North Charleston-Summerville metro area. In the Lowcountry, STEM jobs make up 21.3% of all jobs. In the San JoseSunneyvale-Santa Clara metro area in California, STEM jobs make up 33% of all jobs, ranking that metro area first out of the 100. Wages for STEM jobs in the Charleston area average $60,150, compared with $35,080 for non-STEM jobs. Brookings also found that 50% of STEM jobs do not require a bachelor’s degree. STEM workers without a college degree earn $53,000 on average, which is 10% higher than other jobs that also don’t require a college degree. Metropolitan areas with more STEM-related jobs perform strongly on a variety of economic indicators, including employment, job growth, patenting and wages. “The overemphasis on four-year and higher degrees as the only route to a STEM career has neglected cheaper and more widely available pathways through community colleges and even technical high schools,” according to the report. “Because the focus has been on professional STEM jobs, a number of potentially useful interventions have been ignored. In this sense, jobs that require less than a bachelor’s degree represent a hidden and unheralded STEM economy.”
Bachelor’s or more
55.3%
44.7%
Rank: 34 out of 100
Rank: 67 out of 100
STEM wages All jobs
STEM Jobs requiring a bachelor’s or more $72,052
$60,150
$59,830 $35,080
Jobs requiring an associate degree or less $50,529 $30,797
Top 10 STEM Occupations
otherNewsmakers North Charleston Mayor Keith Summey was one of the first riders for the North Area Shuttle service that connects Boeing and the Charleston International Airport to retail shops, outlets and hotels in the city with free fares for riders. North Charleston Mayor Keith Summey took a ride on the North Area Shuttle, which was decked out in special livery for the new free service connecting parts of the city. (Photo/North Charleston)
36 Charleston Regional Business Journal | Newsmakers
Non-STEM
# of jobs % requiring bachelor’s Health diagnosing and treating practitioners 13,030 26.8% Computer occupations 5,870 83.5% Engineers 4,720 100.0% Construction trades workers 4,040 0.0% Health technologists and technicians 3,630 16.2% Financial specialists 3,030 93.3% Business operations specialists 2,010 83.8% Vehicle and mobile equipment mechanics, installers and repairers 2,000 0.0% Other management occupations 1,820 80.7% Drafters, engineering technicians, mapping technicians 1,660 17.5%
cr bj
Page 4
Charleston ’s despite airlin aviation sector increa e consolidatio ses seats n
By Matt Tomsic
mtomsic@sc biznews.com
By Matt Tomsic
Associate degree or less
14 • $2.00
By Matt Tomsic
mtomsic@sc biznews.com
T
he S.C. State The S.C. State Ports Authority Ports Authority revenues to expects cargo volumes to grow grow by nearlyexpects by nearly 6% during fiscal and anticipates spending $123 11% million on capital year 2014 as budget officials part of a projects during characterize fiscal year 2014. but doable. as aggressive, The ports authority budget during board approved June’s meeting. the fiscal year The agency’s begins July 1.
Note: Rankings are out of 100 U.S. metros Source: Brookings Institution / Graphic: Ryan Wilcox
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