2016 GSA Business Report Market Facts

MARKETFACTS August 2016 | www.GSABusiness.com

SPONSORED BY

SPONSORED BY

Publisher - Rick Jenkins rjenkins@scbiznews.com • 864.235.5677, ext. 112 UPSTATE NEWSROOM Editor - Matt Clark mclark@scbiznews.com • 864.235.5677, ext. 107 Staff Writer - Bill Poovey bpoovey@scbiznews.com • 864.235.5677, ext. 104 Staff Writer - Teresa Cutlip tcutlip@scbiznews.com • 864.235.5677, ext. 103 MIDLANDS NEWSROOM Associate Publisher - Licia Jackson ljackson@scbiznews.com • 803.726.7546 Editor - Chuck Crumbo ccrumbo@scbiznews.com • 803.726.7542 Staff Writer - Melinda Waldrop mwaldrop@scbiznews.com • 803-726-7543 Research Specialist - Patrice Mack pmack@scbiznews.com • 803.726.7544 LOWCOUNTRY NEWSROOM Managing Editor - Andy Owens aowens@scbiznews.com • 843.849.3142 Senior Copy Editor - Beverly Barfield bbarfield@scbiznews.com • 843.849.3115 Staff Writer - Liz Segrist lsegrist@scbiznews.com • 843.849.3119 Staff Writer - Ashley Heffernan aheffernan@scbiznews.com • 843.849.3144 Editorial Assistant - Steve McDaniel smcdaniel@scbiznews.com • 843.849.3123 Research Specialist - Melissa Verzaal mverzaal@scbiznews.com • 843.849.3104 Associate Editor, Special Projects - Jenny Peterson jpeterson@scbiznews.com • 843.849.3145 Senior Graphic Designer - Jane Mattingly jmattingly@scbiznews.com • 843.849.3118 Graphic Designer - Andrew Sprague asprague@scbiznews.com • 843.849.3128 Assistant Graphic Designer - Emily Matesi ematesi@scbiznews.com • 843.849.3124 UPSTATE ACCOUNT EXECUTIVES Account Executive - Susan Hurst shurst@scbiznews.com • 864.235.5677, ext. 111

MARKETFACTS Snapshots of the Upstate Over the years, GSA Business’ Market Facts has been a guide providing an in-depth look at the entire Upstate region. Readers can use the publication to better understand where they live and work.

Our unbeatable editorial, research and graphic design team has dedicated time and energy looking over countless sources of information to bring a wide range of data to the pages of this edition. Researcher Veronica Watson gathered data from many sources. The information is presented in a manner that is easily deciphered through clever graphics and insightful analysis of key economic data from across the Upstate.

Throughout the pages, you will find statistical analysis of various economic sectors along with contact information for much-needed business resources. We have also included Profiles in Business, an advertising supplement that gives Upstate business leaders an avenue to share their information about what it is they do and how they do it.

We took time to analyze what we were providing and how we were providing it. The intent is to provide as much comprehensive data and information as possible to increase the value of the publication to our readers.

Sections this year include: Demographics, Employment and Economic Development; Education; Finance; Medical and Health Care; Real Estate; Architecture, Engineering and Construction; and Business Resources.

The data contained in those sections is more than just numbers. Our team has gone above and beyond to make sure the information is illustrated showing trends and changes and includes art and the highlighting of important facts and figures capped with notes and explanations of the various data points.

Market Facts is the tool you cannot do without when it comes to business planning and research. It is an essential component to any successful business owner or operator. Coupled with our annual Book of Lists, you get the most comprehensive view of the Upstate and the state’s business community. Both pieces are second-to-none in providing the information you need to continue the success of your business.

I would be remiss if I did not recognize our title sponsors: Bank of Travelers Rest and Upstate SC Alliance. We also express a "thank you" to all of our section sponsors and advertisers who have helped make this guide possible to present to business owners and decision-makers in the Upstate.

South Carolina’s Media Engine for Economic Growth

Matt Clark, Editor President and Group Publisher - Grady Johnson gjohnson@scbiznews.com • 843.849.3103

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Annual subscribers receive 24 issues of GSA Business Report, including Newsmakers and the special supplement Market Facts, plus a Book of Lists bonus issue in February.

25 issues for $49.95; 50 issues for $84.95; 75 issues for $119.95.

Subscribe, renew, change your address, or pay your invoice online at www.gsabusiness.com or call 864-517-1492.

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www.gsabusiness.com | MARKET FACTS

1

CONTENTS 4

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

18

EDUCATION

24

MEDICAL & HEALTH CARE

32

FINANCE

On the cover:

40

REAL ESTATE

48

ARCHITECTURE, ENGINEERING & CONSTRUCTION

56

BUSINESS RESOURCES

The view of Table Rock State Park from Caesars Head State Park.

SECTION SPONSORS DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

MEDICAL & HEALTH CARE

REAL ESTATE

South Carolina ARCHITECTURE, ENGINEERING & CONSTRUCTION

2

MARKET FACTS | www.gsabusiness.com

BUSINESS RESOURCES

TITLE SPONSORS

B

and still headquartered in Greenville County, we

boosts all sectors of our economy. And we’ve seen

recognize the important contributions of the people,

great progress.

ank of Travelers Rest is honored to partner with the GSA Business Report to publish its Market Facts. As the oldest bank chartered

businesses and organizations that make the Upstate a place we are proud to call home.

To us, community banking involves listening to our

T

he Upstate SC Alliance was founded in 2000 to attract global business investment to Upstate South Carolina, driving growth that

In 2015, 76 companies announced more than $1.2 billion in capital investment and 6,741 jobs. In the first half of 2016, there were 26 announcements,

customers so we can recommend solutions for their

with 11 existing companies expanding and 15 new

unique needs. The core of our business is centered

companies choosing to call the Upstate their home.

in banking; however, we find value in community

These 26 announcements total a capital investment

initiatives and reinvest in those to fund the growth,

of $292,515,000 — and signify opportunities for

change and betterment of life for the communities

prospective employees, suppliers, and support

around us.

services once these businesses are operational.

Bank of Travelers Rest is celebrating 70 years

We are proud to sponsor the 2016 Market

of banking in Greenville County. We salute all the

Facts guide, an important tool for mapping these

businesses of the upstate who contribute to the

flourishing economic opportunities.

growth and development of our communities.

Bruce White President

John Lummus President/CEO

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3

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

T

o say the Upstate is diverse is a drastic understatement. From the scenic mountains to the metropolitan hubs, the Upstate of South Carolina has a diverse population and geography to complement its diverse business climate.

The 10 counties that make up the Upstate — Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union — all have their own distinctive "flavor."

The ethnicity of the Upstate has grown ever-more diverse as every ethnic demographic has experienced growth from 2000 to 2010.

Living in the Upstate continues to be affordable and below the national average; however, wages in most sectors are also below the national average. That being said, unemployment in the Upstate is among the lowest of any region in South Carolina.

Home sale prices are up along with the gross retail sales in the Upstate.

The bottom line is that the region continues to diversify its population and its economy, leading to a stronger community and solid business base.

SECTION SPONSOR

4

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

FAST FACTS » $42,600

The average wage across all sectors in the Upstate in 2015.

PAGE 10

» 6.5%

The job growth in the construction industry in South Carolina from April 2015 to April 2016.

PAGE 14

UPSTATE COUNTIES

The 10 counties that comprise the Upstate each have their distinctive characteristics.

Together they make up the strong economic backbone of the state, but they each have qualities that make them unique for work and play.

ABBEVILLE COUNTY

ANDERSON COUNTY

CHEROKEE COUNTY

POPULATION

POPULATION

POPULATION

2010 2015 2020

> > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

25,417 25,215 24,937

TOP MANUFACTURING EMPLOYERS

> > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > >

187,126 191,518 197,213

TOP MANUFACTURING EMPLOYERS

2010 2015 2020

> > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

55,342 56,150 57,043

TOP MANUFACTURING EMPLOYERS

NUMBER OF EMPLOYEES

NUMBER OF EMPLOYEES

NUMBER OF EMPLOYEES

FLEXIBLE TECHNOLOGIES. . . . . . . . . . . . . . . . . . 500

ELECTROLUX HOME PRODUCTS. . . . . . . . . . . 1,900

SAGE AUTOMOTIVE. . . . . . . . . . . . . . . . . . . . . . . 324

ROBERT BOSCH CORP.. . . . . . . . . . . . . . . . . . . 1,200

NESTLE USAPREPARED FOOD DIVISION. . . . . . . . . . . . . . . 1,300

PRYSMIAN POWER CABLES & SYSTEMS. . . . . . . . . . . . . . . . . . . . . . . 320

MICHELIN NORTH AMERICA. . . . . . . . . . . . . . . . 990

PRO TOWELS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200

GLEN RAVEN CUSTOM FABRICS . . . . . . . . . . . . 600

MILLIKEN & CO.. . . . . . . . . . . . . . . . . . . . . . . . . . . 809 THE TIMKEN CO.. . . . . . . . . . . . . . . . . . . . . . . . . . 712 FREIGHTLINER CUSTOM CHASSIS. . . . . . . . . . . . 650

BURNSTEIN VON SEELEN. . . . . . . . . . . . . . . . . . 100

JPS COMPOSITE MATERIALS CORP.. . . . . . . . . . . . . . . . . . . . . . . . . 500

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

INCOME $38,125 JAN.2016 6.50%

JAN.2015 9,709 JAN.2016 9,657

INCOME $40,388 JAN.2016 5.00%

JAN.2015 81,187 JAN.2016 84,224

HAMRICK MILLS. . . . . . . . . . . . . . . . . . . . . . . . . . 425

INCOME $36,926 JAN.2016 6.50%

JAN.2015 21,772 JAN.2016 21,849

GREENVILLE COUNTY

GREENWOOD COUNTY

LAURENS COUNTY

POPULATION

POPULATION

POPULATION

2010 2015 2020

> > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > >

451,225 475,408 510,157

TOP MANUFACTURING EMPLOYERS

2010 2015 2020

> > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

69,661 69,671 69,719

TOP MANUFACTURING EMPLOYERS

2010 2015 2020

> > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

66,537 66,405 66,242

TOP MANUFACTURING EMPLOYERS

NUMBER OF EMPLOYEES

NUMBER OF EMPLOYEES

NUMBER OF EMPLOYEES

MICHELIN NORTH AMERICA INC.. . . . . . . . . 4,000

FUJI PHOTO FILM INC.. . . . . . . . . . . . . . . . . . . 1,100

STERILITE CORP. . . . . . . . . . . . . . . . . . . . . . . . . . . 470

GENERAL ELECTRIC CO.. . . . . . . . . . . . . . . . . . 3,350

CAROLINA PRIDE FOODS INC. . . . . . . . . . . . . . . 930

RICH PRODUCTS. . . . . . . . . . . . . . . . . . . . . . . . . . 460

SEALED AIR CORP. CRYOVAC DIVISION. . . . . . . . . . . . . . . . . . . . . . 1,300

COVIDIEN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 920

FAURECIA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 408

EATON CORP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800

COUNTRY FRESH. . . . . . . . . . . . . . . . . . . . . . . . . . 400

CAPSUGEL - DIVISION OF PFIZER INC.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 680

D&W FIREPACK. . . . . . . . . . . . . . . . . . . . . . . . . . . 400

LOCKHEED MARTIN . . . . . . . . . . . . . . . . . . . . . . . 800 DRIVE AUTOMOTIVE INDUSTRIES OF AMERICA. . . . . . . . . . . . . . . . . . 700

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

INCOME $49,349 JAN.2016 4.70%

6

2010 2015 2020

JAN.2015 220,628 JAN.2016 230,437

INCOME $38,603 JAN.2016 5.80%

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

JAN.2015 29,473 JAN.2016 29,189

INCOME $36,470 JAN.2016 5.90%

JAN.2015 27,849 JAN.2016 28,671

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UPSTATE COUNTIES OCONEE COUNTY

PICKENS COUNTY

SPARTANBURG COUNTY

POPULATION

POPULATION

POPULATION

2010 2015 2020

> > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

74,273 76,029 78,298

TOP MANUFACTURING EMPLOYERS

> > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > >

119,224 120,811 122,245

TOP MANUFACTURING EMPLOYERS

2010 2015 2020

> > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > >

284,307 292,425 303,156

TOP MANUFACTURING EMPLOYERS

NUMBER OF EMPLOYEES

NUMBER OF EMPLOYEES

NUMBER OF EMPLOYEES

DUKE ENERGY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500

YH AMERICA, SOUTH CAROLINA LLC . . . . . . . . . . . . . . . . . . . . . . . . . . . . 619

BMW MANUFACTURING . . . . . . . . . . . . . . . . . . . . . . 8,000

BORGWARNER. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700 U.S. ENGINE VALVE CORP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 647

ST. JUDE MEDICAL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400 MILLIKEN & CO.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400

MICHELIN NORTH AMERICA. . . . . . . . . . . . . . . . . . . 3,085 MILLIKEN & CO.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,300

SCHNEIDER ELECTRIC. . . . . . . . . . . . . . . . . . . . . . . . . . . . 600

RELIABLE AUTOMATIC SPRINKLER CO.. . . . . . . . . . . 390

CRYOVAC DIVISION SEALED AIR CORP.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,100

ITRON. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 550

COMATROL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 335

DRAEXLMAIER AUTOMOTIVE OF AMERICA. . . . . . . 800

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

INCOME $44,906 JAN.2016 5.90%

8

2010 2015 2020

JAN.2015 32,316 JAN.2016 32,558

INCOME $40,072 JAN.2016 5.50%

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

JAN.2015 51,472 JAN.2016 53,082

INCOME $44,127 JAN.2016 5.20%

JAN.2015 127,585 JAN.2016 133,810

Per capita personal income, 2014 U.S. Average $46,049

$40,791

UNION COUNTY

POPULATION 2010 2015 2020

> > > > > > > > > > > > > > > > > >

> > > > > > > > > > > > > > > > > >

(EST.)

> > > > > > > > > > > > > > >

All Upstate counties lag behind U.S. average

28,961 28,408 27,696

$34,228

$32,913

$32,419

$30,131

$29,570

$36,583

$35,794

$28,673

$28,230

TOP MANUFACTURING EMPLOYERS NUMBER OF EMPLOYEES

DOLLAR GENERAL DISTRIBUTION CENTER. . . . . . . . . . . . . . . . . . . . . . . . . . 561 TIMKEN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 286 GESTAMP AUTOMOCION . . . . . . . . . . . . . . . . . . . . . . . . 262 MILLIKEN - CEDAR HILL PLANT. . . . . . . . . . . . . . . . . . . 223 BELK E-COMMERCE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137

MEDIAN HOUSEHOLD

TOTAL EMPLOYED

EMPLOYMENT RATE

TOTAL EMPLOYED

INCOME $35,472 JAN.2016 6.90%

JAN.2015 10,606 JAN.2016 10,966

ABBEVILLE

ANDERSON

CHEROKEE

GREENVILLE GREENWOOD

LAURENS

OCONEE

PICKENS SPARTANBURG

UNION

Source: U.S. Bureau of Economic Analysis

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| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

9

LABOR & WAGES

2015 ANNUAL AVERAGES, ALL ESTABLISHMENT SIZES

INDUSTRY SERVICE-PROVIDING

ANNUAL WAGES PER EMPLOYEE

GREENVILLE-MAULDIN-ANDERSON MSA SPARTANBURG, SC MSA US AVERAGE

ANNUAL AVERAGE EMPLOYMENT

$38,628

248,577

$36,871

78,584

$51,047

97,589,595

$55,651

70,890

$56,978

34,007

$61,482

20,712,003

NATURAL RESOURCES

$38,757

528

AND MINING

$37,991

360

GOODS-PRODUCING

CONSTRUCTION

MANUFACTURING

TRADE, TRANSPORTATION, AND UTILITIES INFORMATION

$58,468

2,000,781

$55,407

15,391

$52,274

5,497

$57,016

6,420,928

$55,882

54,971

$58,140

28,150

$64,305

12,290,293

$37,819

71,726

$36,489

31,040

$44,319

26,666,131

$57,679

7,055

N/A FINANCIAL ACTIVITIES

N/A

$95,038

2,753,844

$57,984

15,618

$56,033

4,422

$87,914

7,827,067

PROFESSIONAL AND

$43,360

63,771

BUSINESS SERVICES

$45,267

14,335

$69,266

19,600,558

EDUCATION AND

$46,714

41,418

HEALTH SERVICES

$41,860

11,853

$47,384

21,078,627

LEISURE

$15,532

40,739

AND HOSPITALITY

$17,863

12,848

$21,804

15,094,371

$29,608

8,250

OTHER SERVICES

N/A $35,118 TOTAL, ALL INDUSTRIES

N/A 15,094,371

$42,405

319,468

$42,944

112,592

$52,874

118,301,597 Source: Quarterly Census of Employment and Wages - U.S. Bureau of Labor Statistics

10

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11

12

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JOB GROWTH BY SECTOR IN S.C. Nonfarm employment by industry, statewide and seasonally adjusted

South Carolina experienced job growth across the board. Here is a look at job growth by sector from April 2015 to April 2016.

6.5% 5.6%

3.3%

Professional and Business Services

Construction

Education and Health Services

2.7%

Total

2.5%

Financial Activities

2.4%

Leisure and Hospitality

2.1%

2.1%

Trade, Transportation and Utilities

1.6%

Manufacturing

Other Services

0.4% Information

Source: U.S. Bureau of Labor Statistics

Active-duty personnel make military one of S.C.’s largest employers

How underemployed are South Carolinians?

In 2015, 11.4% of S.C. residents were underutilized or underemployed, according to the U.S. Bureau of Labor Statistics. Underutilized labor includes unemployed workers, employees who work part time for economic reasons and those “marginally attached” to the labor force.

South Carolina has 37,647 active-duty military personnel working in the state, making the

Marginally attached individuals want to work and have looked for a job during the past year.

military one of the Palmetto State’s largest employers, according to the U.S. Office of Personnel Management. That number increases by more than 11,000 when civilian workers are included.

Underutilized: 9.8% Unemployed: 4.5%

Military installations, defense contractors and Veterans Affairs facilities provide a large base of employment, incomes and taxes, as well as a demand for business services across the Charleston

Underutilized: 10.7% Unemployed: 5.7%

region and South Carolina.

Active-duty military in South Carolina Data show which branches the active-duty members of the military come from in South Carolina arranged by highest to lowest.

Branch

Army

10,908

Marines

10,819

Air Force

8,537

Navy

6,732 651

AL

Underutilized: 11.1% Unemployed: 5.8%

GA

SC

Underutilized: 11.3% Unemployed: 5.9%

Underutilized: 11.4% Unemployed: 5.9%

FL

Underutilized: 11.5% Unemployed: 5.4%

Numbers behind the percentages 134,500 residents

Number of unemployed S.C. residents in 2015

= 1,000 Active-duty members Source:Defense Manpower Data Center, U.S. Office of Personnel Management, Governing magazine

14

NC

TN

Underutilized: 11.2% Unemployed: 5.3%

Active-duty members

Coast Guard

VA

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

33,500 people

Number who were “marginally attached” to the workforce, meaning they want a job but haven’t found one in the past year. Data show 12,500 of these workers having given up looking for work altogether.

96,000 workers

Number employed part time for economic reasons, known as involuntary part time Source: U.S. Bureau of Labor Statistics

A PLACE TO DO BUSINESS What does the Upstate of South Carolina have to offer businesses?

Here’s a look at some economic indicators.

Coming to the Upstate

Continued investment

New companies to establish themselves in the Upstate as of May 2016.

While there is a healthy environment for companies looking to move to the Upstate, the environment is just as good for those already here.

$218.9 million

13

22

The amount of new investment those 22 companies represent.

1,733

The Upstate region has become a hub for advanced manufacturing. With companies like Michelin, BMW, Fuji and General Electric in the area, the Upstate labor force has become more diverse than ever.

677,383

$101.7 million

The amount of new investment those 13 companies will make to expanding.

1.6 million

1,519

4.6%

Unemployed

Unemployment rate

Source: U.S. Bureau of Labor Statistics, S.C. Department of Employment and Workforce and Upstate Alliance

Exports

The state of South Carolina has steadily grown its position as a leader in exports. It’s share of total U.S. exports has grown from 1.7% in 2012 to over 2% in 2015, according to the U.S. Census Bureau.

The number of new jobs created by existing companies expanding their Upstate facilities.

Note: These economic development announcements are from January 2016 – May 2016 Source: Upstate SC Alliance

16

30,882

Total labor force

The number of existing companies that have announced expansions in the Upstate though May 2016

The number of new jobs created by the 22 new companies moving or expanding into the Upstate.

The square footage the 22 new companies will occupy in the Upstate.

The labor force

DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com

Value of S.C. exports

$25.1B 2012

$26.3B

2013

$29.7B

$30.9B

2014

2015 Source: U.S. Census Bureau

EDUCATION

T

he Upstate offers a richly textured landscape of higher education opportunities that range from private colleges such as Furman University, Limestone College, Lander University, Anderson University and Wofford College with national reputations, to four state two-year colleges with college transfer and technical degree programs.

Tri-County Technical College in Pendleton serves Anderson, Oconee and Pickens counties, while Greenville Technical College spans Greenville County with multiple campuses and Spartanburg Community College serves Spartanburg County. Piedmont Technical College serves seven counties, including Abbeville, Greenwood and Laurens counties. The campuses are an important delivery point for students who choose to transfer to four-year universities.

Clemson University, South Carolina's research university based in the Upstate, is increasingly integrated into the region through its business, bioscience and education courses. Clemson's master of business administration program is based in Greenville’s bustling downtown, where students have the opportunity to rub elbows with Fortune 500 companies and international firms. Various graduate-level degrees can be earned at the University Center of Greenville at McAlister Square.

Spartanburg is also home to the University of South Carolina-Upstate, a part of the University of South Carolina system.

18

EDUCATION | www.gsabusiness.com

FAST FACTS » 40%

Percentage of Greenville residents 25 and older with at least an associate's degree.

PAGE 22

» $161M

Total amount of research and development expenditures at Clemson University in 2014.

PAGE 23

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| EDUCATION

19

DISTRICT DATA

OCONEE

4

1 4 5 ANDERSON

Average Teacher Salary..................$46,483 State Report Card Absolute Rating*.......... E Enrollment............................................ 3,065 Per Pupil Expenditure........................ $9,076 SAT Score 2015........................................ 1412

Average Teacher Salary................. $48,089 State Report Card Absolute Rating*.......... E Enrollment.............................................9,631 Per Pupil Expenditure.................... $7,682 SAT Score 2015........................................1474

Lowest per pupil expenditure in the Upstate

ANDERSON 2

UNION

55 2

LAURENS 56

3

ANDERSON 1

CHEROKEE

2 7 SPARTANBURG 3 5 6

PICKENS

2015 teacher pay, per pupil, enrollment, report card, SAT scores

ABBEVILLE

1

GREENVILLE

51 ABBEVILLE

Average Teacher Salary................... $47,578 State Report Card Absolute Rating*.......... E Enrollment.............................................3,819 Per Pupil Expenditure........................$8,583 SAT Score 2015....................................... 1445

50

52 GREENWOOD

ANDERSON 3

ANDERSON 4

ANDERSON 5

CHEROKEE

GREENVILLE

GREENWOOD 50

GREENWOOD 51

GREENWOOD 52

Average Teacher Salary.................. $46,760 State Report Card Absolute Rating*.......... E Enrollment............................................ 2,638 Per Pupil Expenditure........................$8,993 SAT Score 2015....................................... 1470

Average Teacher Salary.................. $48,437 State Report Card Absolute Rating*..........A Enrollment..................................... 75,508 Per Pupil Expenditure........................ $8,355 SAT Score 2015....................................... 1463

Average Teacher Salary................. $49,650 State Report Card Absolute Rating*.......... E Enrollment............................................ 2,909 Per Pupil Expenditure......................$10,058 SAT Score 2015........................................1457

Average Teacher Salary.................. $48,223 State Report Card Absolute Rating*..........A Enrollment.............................................9,076 Per Pupil Expenditure........................$8,864 SAT Score 2015........................................1421

Highest enrollment in the Upstate

LAURENS 55

Average Teacher Salary..................$45,930 State Report Card Absolute Rating*.......... E Enrollment............................................ 6,082 Per Pupil Expenditure........................$8,968 SAT Score 2015........................................1357

LAURENS 56

Average Teacher Salary...................$46,757 State Report Card Absolute Rating*..........A Enrollment............................................. 3,136 Per Pupil Expenditure........................ $9,780 SAT Score 2015........................................1281

Average Teacher Salary....................$47,413 State Report Card Absolute Rating*..........G Enrollment............................................ 12,767 Per Pupil Expenditure...................... $9,114** SAT Score 2015.......................................1408

Average Teacher Salary..............$44,059 State Report Card Absolute Rating*..........G Enrollment............................................... 984 Per Pupil Expenditure.........................$9,707 SAT Score 2015........................................1416

Lowest average teacher salary in the Upstate

OCONEE

Average Teacher Salary.................. $49,891 State Report Card Absolute Rating*.......... E Enrollment.......................................... 10,550 Per Pupil Expenditure.......................$10,510 SAT Score 2015.......................................1498

Average Teacher Salary.................. $48,667 State Report Card Absolute Rating*..........A Enrollment............................................. 9,104 Per Pupil Expenditure......................... $9,747 SAT Score 2015.......................................1348

Average Teacher Salary..................$48,348 State Report Card Absolute Rating*.......... E Enrollment...............................................1,717 Per Pupil Expenditure.........................$9,109 SAT Score 2015.......................................1348

PICKENS

Average Teacher Salary................... $47,691 State Report Card Absolute Rating*.......... E Enrollment........................................... 16,619 Per Pupil Expenditure.......................... $7,911 SAT Score 2015..................................1501 Highest SAT Score in the Upstate

SPARTANBURG 1

SPARTANBURG 2

SPARTANBURG 3

SPARTANBURG 4

SPARTANBURG 5

SPARTANBURG 6

SPARTANBURG 7

UNION

Highest average teacher salary and highest per pupil expenditure in the Upstate

Lowest SAT Score in the Upstate

Average Teacher Salary....................$49,141 State Report Card Absolute Rating*.......... E Enrollment............................................. 5,102 Per Pupil Expenditure........................ $9,492 SAT Score 2015....................................... 1463

Average Teacher Salary................. $50,026 State Report Card Absolute Rating*.......... E Enrollment.............................................8,074 Per Pupil Expenditure........................$9,089 SAT Score 2015.......................................1408

Average Teacher Salary.................. $49,424 State Report Card Absolute Rating*.......... E Enrollment.......................................... 10,098 Per Pupil Expenditure.........................$8,467 SAT Score 2015........................................1447

Average Teacher Salary..................$49,059 State Report Card Absolute Rating*.......... E Enrollment............................................. 11,147 Per Pupil Expenditure.........................$9,155 SAT Score 2015.......................................1420

Average Teacher Salary..................$50,493 State Report Card Absolute Rating*.......... E Enrollment............................................. 2,977 Per Pupil Expenditure...................... $10,834 SAT Score 2015....................................... 1436

Average Teacher Salary...............$51,434 State Report Card Absolute Rating*.......... E Enrollment.............................................. 7,142 Per Pupil Expenditure................... $12,951 SAT Score 2015....................................... 1479

Average Teacher Salary.................. $50,165 State Report Card Absolute Rating*.......... E Enrollment............................................. 2,749 Per Pupil Expenditure.........................$8,467 SAT Score 2015....................................... 1355

Average Teacher Salary..................$46,834 State Report Card Absolute Rating*..........G Enrollment............................................. 4,160 Per Pupil Expenditure........................ $8,345 SAT Score 2015..................................1256

*Based on state law, districts will not be rated for state accountability purposes until Fall 2017**Not reported this year, 2014 figure Source: South Carolina Department of Education

20

EDUCATION | www.gsabusiness.com

Higher educational attainment of people 25 years and older by county – ASSOCIATE’S DEGREE

– BACHELOR’S DEGREE

Greenville County has the highest percentage of people who have attained an associate's degree or higher

21.7%

6.9%

4.0% 12.3%

8.3%

31.6% 7.3%

21.9% 4.5%

20.4%

9.7%

Abbeville

Anderson

31.0% 22.0%

8.9%

31.8%

31.9%

9.3%

8.0%

4.7% 15.7%

10.3%

9.4%

– TOTAL PERCENTAGE

40.0%

11.1%

28.9%

– GRADUATE OR PROFESSIONAL DEGREE

22.5% 4.7%

13.9%

13.2%

13.2%

7.7%

8.9%

9.3%

10.0%

8.9%

Laurens

Oconee

Pickens

Spartanburg

Union

8.9%

9.6%

7.1%

8.5%

8.6%

Cherokee

Greenville

Greenwood

Source: U.S. Census Bureau, American Community Survey

The amount of student loan debt compared to salary 10 years after attending Does a higher amount of student loan debt mean a higher salary ?

Below you’ll find the median federal debt of graduates and their salary ten years after attending college. $75,000

– Median federal debt of graduates

MUSC has the lowest student debt with the highest salary after graduating.

– Salary 10 years after attending

ate . St y S.C ersit iv Un

n ity e l flin el sto ica ton itut Cla rsity rle nivers itad nst on chn arles a C I e h e e t T C nU h iv Th Ar lest r ITT –N. C Un The Char the e u t o u f S o tit Ins

f son ty o lem ity rsi olina C e e v i Th ivers Un h Car t Un u o S

$3,000 $73,400

$22,091 $22,800

$22,341 $39,700

$22,389 $49,400

$22,500 $42,100

$24,211 $52,500

$25,834 $38,400

$28,000 $36,100

$29,771 $31,600

$30,000 $27,500

$37,000 $30,400

$25,000

$23,700

$10,500

$50,000

ge un of ity ge n lho ers a olle e a v l C i l C o . n – in h Co rlest al U rol n urg ge Tec dic th Ca tte rlesto angeb . Colle e Cha o M Sou -M Cha Or Tech ler of Mil – N.

Source: U.S. Department of Education, College Scorecard

22

EDUCATION | www.gsabusiness.com

Total R&D expenditures at universities and colleges in S.C., 2014 Academic institution

Degrees awarded by public research institutions

Total R&D expenditures in all fields

– University of South Carolina, Columbia

Medical University of South Carolina

$242,594,000

– Clemson University

University of South Carolina

$207,306,000

– Medical University of South Carolina

Clemson University

$161,070,000

Winthrop University

$13,981,000

South Carolina State University

$13,147,000

College of Charleston

$10,034,000

Benedict College

8,000 7,041

$2,166,000

Claflin University

$1,818,000

Furman University

$1,600,000

7,241

7,161

6,000 5,087

$2,479,000

Coastal Carolina University

8,004

4,518

7,470

5,564

5,210

4,732

4,000

Source: National Center for Science and Engineering Statistics 2,000 797

793

877

929

937

0 2010 – 2011

2011 – 2012

2012 – 2013

2013 – 2014

2014 – 2015

Source: South Carolina Commission on Higher Education

Colleges and Universities Ranked by Fall 2015 Enrollment School

Phone / Website Email

Clemson University 201 Sikes Hall Clemson, SC 29634 Greenville Technical College 738 S. Pleasantburg Drive Greenville, SC 29607 Tri-County Technical College 7900 U.S. Highway 76 Pendleton, SC 29670 University of South Carolina Upstate 800 University Way Spartanburg, SC 29303 Piedmont Technical College 620 N. Emerald Road Greenwood, SC 29648 Spartanburg Community College 107 Community College Drive Spartanburg, SC 29303 Anderson University 316 Boulevard Anderson, SC 29621 Limestone College 1115 College Drive Gaffney, SC 29340 Furman University 3300 Poinsett Highway Greenville, SC 29613 Lander University 320 Stanley Ave. Greenwood, SC 29649 Bob Jones University 1700 Wade Hampton Blvd.

Greenville, SC 29614 North Greenville University 7801 N. Tigerville Road Tigerville, SC 29688 Wofford College 429 N. Church St. Spartanburg, SC 29303 Southern Wesleyan University 907 Wesleyan Drive Central, SC 29630

864-656-3975 www.clemson.edu jwm@clemson.edu 864-250-8000 www.gvltec.edu greenvilletech@gvltec.edu 864-646-8361 www.tctc.edu info@tctc.edu 864-503-5000 www.uscupstate.edu twhaley@uscupstate.edu 800-868-5528 www.ptc.edu info@ptc.edu 864-592-4600 www.sccsc.edu admissions@sccsc.edu 864-231-2000 www.andersonuniversity.edu webmaster@andersonuniversity.edu 864-489-7151 www.limestone.edu admiss@limetone.edu 864-294-2000 www.furman.edu web@furman.edu 864-388-8307 www.lander.edu admissions@lander.edu 864-242-5100 www.bju.edu info@bju.edu 864-977-7000 www.ngu.edu admissions@ngu.edu 864-597-4000 www.wofford.edu admission@wofford.edu 864-644-5000 www.swu.edu admissions@swu.edu

Administrator(s) / Year Founded

Fall Undergraduate Enrollment

Faculty / Total Employees

James P. Clements 1889

18,016

1,246 3,814

Public

Keith Miller 1962

13,457

347 723

Public

Ronnie L. Booth 1962

6,128

250 350

Public

Thomas Moore 1967

6,000

245 850

Public

Ray Brooks 1966

5,205

123 279

Public

Henry C. Giles Jr. 1963

4,949

130 190

Public

Evans P. Whitaker 1911

3,214

124 495

Private

Walt Griffin Ph.D., Karen Gainey 1845

3,048

97 363

Private, Public

Elizabeth Davis 1826

2,669

15 800

Private

Richard E. Cosentino 1872

2,660

136 261

Public

Stephen Pettit, Gary Weier, Marshall Franklin 1927

2,651

192 1,093

Private

Randall Pannell 1892

2,481

137 375

Private

Nayef H. Samhat 1854

1,650

135 450

Private

Todd S. Voss 1906

1,443

56 223

Private

Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com or go to www.tinyurl.com/joinourlists.

Public/Private

Top Three Undergraduate Majors, by Enrollment Business Marketing Engineering and Engineering Technologies Biological Life Sciences University Transfer Nursing Computer Programming Associate in Arts Associate in Science Nursing Nursing Education Business Associate in Business Associate in Nursing University Transfer Associate of Arts Associate of Applied Science in Business Associate of Applied Science in Health Sciences Business Education Visual and Performing Arts Business Administration Education Sports Management Health Sciences Business Administration Political Science Business Administration Education Nursing Business Administration Nursing Accounting Christian Studies Business Administration Elementary Education Biology Business Economics English Business Administration Elementary Education Biology and Pre med Researched by GSA Business Report staff

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| EDUCATION

23

MEDICAL & HEALTH CARE

A

mid a rapidly changing health care landscape shaped by the Affordable Care Act, Upstate hospitals and their supporting institutions are merging, growing and forming alliances to stay ahead of government-driven mandates.

Greenville Health System is the largest in the region, but not the only provider. The Upstate has a myriad of health care providers from Bon Secours St. Francis, Spartanburg Regional Medical Center, AnMed Health Medical Center and all of their affiliates.

The Upstate has three of the top five hospitals in the state of South Carolina, according to U.S. News & World Report.

In terms of overall health care, South Carolina ranks below the national average in health insurance contributions for employers, employees and health insurance premiums.

FAST FACTS Âť 82%

The percentage of eligible South Carolinians who have enrolled for health insurance through the Affordable Care Act. PAGE 28

Âť 49.8

The number in 100,000 Medicare hospitalizations in South Carolina that were considered to be avoidable hospitalizations.

PAGE 26

SECTION SPONSOR

South Carolina 24

MEDICAL & HEALTH CARE | www.gsabusiness.com

South Carolina’s health care rankings Select national ranking of South Carolina’s health in 2015 – No. 1 is best; 50 is worst.

No. 42

South Carolina’s overall health ranking

No. 37

No. 38

271.8 cardiovascular deaths per 100,000 residents

203.2 cancer deaths per 100,000 residents

No. 20

No. 30

No. 11

49.8 preventable hospitalizations per 100,000 Medicare hospitalizations

$62.1 in public money spend per person on health care

15.5% of adults binge drink

No. 43

12% of adults have diabetes

No. 47

No. 41

42.6% of adults have high cholesterol

32.7% of adults are obese

No. 42

7.2 infant deaths per 1,000 live births

IMPROVEMENT

In 2014, South Carolina was ranked No. 47 in the country for having a higher percentage of adults with diabetes.

Source: americashealthrankings.org

Health insurance costs for workers, employers S.C. workers pay the 11th-highest employee premiums for individual health care plans in the U.S. at an average of $1,332 and 40th highest for family plans at $4,110. Employers in South Carolina pay below the annual national average of $4,598 for individual and $12,137 for family plans.

Business costs for health insurance

Individual Plan

Average employer contributions to annual health care premiums in selected states. $15,500

Family Plan

Health care exchange enrollment

$15,484 $11,934

The Affordable Care Act made health care available through a marketplace for certain individuals and families that did not have access to employer plans or who did not make enough money.

$11,761

$11,563

$10,746

$10,700 $10,500

State

Eligible

% enrolled

Alabama

208,280

83.88%

1.75 million

89.15%

590,009

86.75%

110,141

85.34%

North Carolina

616,533

89.81%

South Carolina

227,417

85.74%

Tennessee

281,775

82.56%

Virginia

428,139

89.72%

Florida Georgia

$5,813 $5,500

$4,442

$4,442

$4,373

Mississippi

$4,367 $3,901

Alaska

South Carolina

North Carolina

Florida

Georgia

Tennessee

Source: Kaiser Family Foundation *Alaska employers contribute the most in the U.S. for both individual and family plans.

26

MEDICAL & HEALTH CARE | www.gsabusiness.com

Source: Kaiser Family Foundation data from November-December 2015

SPONSORED CONTENT

27

BUYING THE AFFORDABLE CARE ACT South Carolina figures 2016 Enrollment Period

231,849

54%

TOTAL MARKETPLACE USERS

82%

46%

RE-ENROLLEES

NEW CUSTOMERS

OF THE ELIGIBLE PEOPLE ENROLLED SOURCE: U.S. Department of Health and Human Services

TOTAL MEDICAID SPENDING

WHAT DOES INSURANCE COST?

Figures show the average annual health premiums for a family plan.

United States 2014

Employee contribution

2015

Employer contribution

$476 BILLION $476 BILLION

Total $16,655

Total $16,044 $12,137

$11,934

South Carolina 2014

2015

$4,110

$5.56 BILLION $5.55 BILLION

$4,518

South Carolina

United States

Source: Henry J. Kaiser Family Foundation

Source: Henry J. Kaiser Family Foundation

PERCENT COVERED BY HEALTH INSURANCE

Male

Female

Caucasian

Black

90% 88.5% 87.5% 85.3%

80%

South Carolina

89.0%

89.0%

87.9%

89.1% 87.5%

87.1% 86.2% 84.6%

Charleston

85.1%

86%

87.4%

86% 84.8%

Columbia

Greenville Source: American Community Survey

28

MEDICAL & HEALTH CARE | www.gsabusiness.com

SPONSORED CONTENT

29

South Carolina birth data 47.3%

Percent of births to unmarried mothers

35.1%

Caesarean delivery rate

13.8%

36.6%

9.7%

Preterm birth rate

Teen births (no. per 1,000 females 15-19)

Low birth weight rate

National Rank: 6th U.S. Average: 40.6%

National Rank: 9th (tie) U.S. Average: 32.7%

National Rank: 4th U.S. Average: 11.4%

National Rank: 12th U.S. Average: 29.4%

National Rank: 4th U.S. Average: 8.0%

Notes: All data from 2013, except teen births are from 2012 | * Rankings are from highest to lowest | ** Rates for U.S. include District of Columbia and U.S. territories

Infant Mortality Rate 21.7% 9.41

Deaths per 1,000 live births

20.3%

21.2%

8.80 7.37

South Carolina

6.42

North Carolina

10.5% 8.86

8.15

7.01

– 2005

Georgia

7.93

Tennessee

– 2010

– % DECLINE

9.0%

9.2%

7.47 6.80

7.20 6.54

Virginia

Florida

Source: Centers for Disease Control and Prevention

Employment and earnings for health care professionals in the Greenville region Dentists, general Physicians and surgeons, all other Pharmacists Optometrists Physician assistants Physical therapists Registered nurses Occupational therapists Dental hygienists Respiratory therapists Occupational therapy assistants Licensed practical and licensed vocational nurses

30

Employed Avg salary 2015 2015 410 $189,470 410 $127,740 850 $123,500 80 $116,630 160 $92,360 540 $87,760 7,970 $59,860 310 $73,980 450 $57,920 400 $50,480 50 $49,980 1,390 $37,150 Source: U.S. Bureau of Labor Statistics

MEDICAL & HEALTH CARE | www.gsabusiness.com

Leading causes of death in South Carolina rate is per 100,000 total population 1. Heart disease 2. Cancer 3. Chronic lower respiratory diseases 4. Stroke 5. Accidents 6. Alzheimer’s disease 7. Diabetes 8. Influenza/pneumonia 9. Kidney disease 10.Suicide

Total deaths 9,364 9,728 2,467

Death rate 180.2 178.8 46.9

State rank* 15th 13th 16th

U.S. rate 170.5 166.5 41.5

2,349 2,336 1,632 1,197 726 860 673

45.9 48.2 33.6 22.3 14.4 16.4 13.7

5th 12th 6th 20th (tie) 25th 13th 27th

36.9 39.1 23.8 21.2 14.4 13.1 12.6

*Rankings are from highest to lowest Source: Centers for Disease Control and Prevention, 2012

FINANCE

F

inancial institutions in the Upstate had continued success over the course of the last year. Deposits totaled $22.3 billion.

Across the state, the number of unprofitable institutions dropped from 2013 to 2014, from 15.9% to 12.3% and in 2015 that number dropped even lower to 8.3% indicating banks in South Carolina had stronger performances over the year.

Credit unions in the Upstate also had marked success. According to Credit Union National Association, credit unions in the Upstate had over 100,000 members and nearly $1 billion in assets.

In all, the banking industry in South Carolina – and the Upstate – have continued to grow at a small pace.

FAST FACTS » 337%

The percentage increase of net income for South Carolina banks from 2010 to 2015 PAGE 34

» $14.7B

The amount of gross sales in Greenville County in 2015.

PAGE 38

32

FINANCE | www.gsabusiness.com

South Carolina banking performance All insured institutions

Net income in millions of dollars

337% increase since 2010

$300M

% of unprofitable institutions

8.3% in 2015 46.9% in 2010

$225M

$150M

Total assets in billions of dollars

2010 - $111M

0

$263M

$170M

$148M

$2M

$75M

$149M

$40B

$35B

$30B

25.2% decrease since 2014

2011 2012 2013 2014 2015 $25B

2010

2011

2012

2013

2014

2015

Source: Federal Deposit Insurance Corporation

Upstate banks by county As of June 30, 2015

Deposits $10B

$8B

Number of Offices

$10.2B

200

164

$22.3 billion

160

Total value of deposits in all the Upstate

$6B

120

$4.5B

$4B

80 69 $2.4B

58

$2B

$0

$1.7B 32

Greenville Spartanburg

Anderson

Pickens

40 $1.1B 24

Oconee

$837M 17 Greenwood

$494M 14 Laurens

$466M 10 Cherokee

$280M 9 Union

$241M 9 Abbeville

0

Source: Federal Deposit Insurance Corporation

34

FINANCE | www.gsabusiness.com

www.gsabusiness.com |

FINANCE

35

Deposit market share report Number offices inside market

Deposits inside of market in ($000)

Market Share

Wells Fargo Bank, National Association

30

$2,682,004

18.08%

Bank of America, National Association

18

$2,038,056

13.74%

Branch Banking and Trust Company

27

$1,714,500

11.55%

TD Bank, National Association

22

$1,416,589

9.55%

SunTrust Bank

23

$888,757

5.99%

South State Bank

10

$779,195

5.25%

First-Citizens Bank & Trust Company

19

$777,781

5.24%

The Palmetto Bank

20

$652,565

4.40%

Southern First Bank

4

$615,779

4.15%

Bank of Travelers Rest

9

$487,639

3.29%

GrandSouth Bank

3

$336,986

2.27%

Greer State Bank

4

$268,708

1.81%

The Peoples Bank

6

$237,711

1.60%

Regions Bank

5

$225,950

1.52%

Park Sterling Bank

11

$201,701

1.36%

Synovus Bank

3

$198,915

1.34%

CertusBank, National Association

7

$184,395

1.24%

Cornerstone National Bank

3

$120,798

0.81%

Pinnacle Bank of South Carolina

3

$119,480

0.81%

The Commercial Bank

4

$110,589

0.75%

Community First Bank, Inc.

3

$98,175

0.66%

Arthur State Bank

4

$96,162

0.65%

Independence National Bank

3

$92,693

0.62%

Citizens Building and Loan, SSB

1

$87,648

0.59%

Pickens Savings and Loan Association, FA

1

$74,362

0.50%

Bank of North Carolina

2

$69,924

0.47%

Ameris Bank

3

$44,918

0.30%

HomeTrust Bank, National Association

2

$44,267

0.30%

United Community Bank

1

$36,467

0.25%

Capital Bank, National Association

2

$33,711

0.23%

Countybank

2

$30,124

0.20%

First South Bank

1

$29,142

0.20%

PNC Bank, National Association

2

$21,830

0.15%

Woodforest National Bank

8

$9,462

0.06%

Carolina Premier Bank

1

$7,411

0.05%

Carolina Alliance Bank

1

$3,495

0.02%

Institution Name

Source: Federal Deposit Insurance Corporation

36

FINANCE | www.gsabusiness.com

South Carolina SBA Lenders Ranked by $ Value of Small Business Administration 7(a) Loans, FY2015 Company

Phone / Website

Top Local Official(s) / Year Founded

SBA Loans: $ Value / No.

No. of S.C. Branches

Agsouth Farm Credit 109 Church St., Columbia, SC 29201

803-359-6262 www.agsouthfc.com

Ann Lamar Tuten, Bill P. Spigener Jr. -

1

12

Alterra Bank 11120 W. 135th St., Overland Park, KS 66221

913-681-2223 www.alterrabank.com

Pam Berneking 2010

1

0

American Pride Bank 4740 Log Cabin Drive, Macon, GA 31204

478-784-1448 www.americanpridebank.com

John Hall 2007

1

0

Ameris Bank 1333 Main St., Suite 200, Columbia, SC 29201

803-765-1600 www.amerisbank.com

H. Richard Sturm, Mze Wilkins 1971

4

16

Aquesta Bank 19510 Jetton Road, Cornelius, NC 28031

704-439-4343 www.aquesta.com

Jim Engel 2006

2

0

Atlantic Capital Bank 3280 Peachtree Road N.E., Suite 1600, Atlanta, GA 30305

404-995-6050 www.atlanticcapitalbank.com

Douglas L. Williams 2007

7

0

The Bancorp Bank 409 Silverside Road, Wilmington, DE 19809

800-545-0289 www.thebancorp.com

Frank Mastrangello 2000

2

0

Bank of America N.A. 1901 Main St., Columbia, SC 29201

803-255-7555 www.bankofamerica.com

Kim A. Wilkerson 1904

2

116

Bank of Travelers Rest 42 Plaza Drive, Travelers Rest, SC 29690

864-834-9031 www.bankoftravelersrest.com

R. Bruce White 1946

3

9

BankUnited, National Association 14817 Oak Lane, Miami Lakes, FL 33016

877-779-2265 www.bankunited.com

John Kanas 2009

5

0

BB&T (Branch Banking & Trust Co.) 1901 Assembly St., Columbia, SC 29201

803-251-7555 www.bbt.com

J. Frank Bullard III, Mike Brenan 1987

15

114

BBVA Compass 15 South 20th St. , Birmingham, AL 35233

205-297-1986 www.bbvacompass.com/sba

Manuel Sanches 1964

1

0

Fiscal year 2015 (Oct. 1, 2014, to Sept. 30, 2015) totals provided by S.C. Small Business Administration.Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com or go to www.tinyurl.com/joinourlists.

Researched by GSA Business Report staff

www.gsabusiness.com |

FINANCE

37

The Upstate’s largest credit unions Assets and number of members as of December 2015, the latest data available $400,000,000

$350,000,000

MEMBERS $318,072,577

50,100

$300,000,000

$250,000,000

$195,318,424

25,682

$158,456,539

$200,000,000

16,571

$96,756,552

$150,000,000

13,874

$85,810,751

13,070

$82,568,785

12,836

$100,000,000

$78,741,426

6,953

$45,691,936

9,626

$50,000,000

S.C. Telco Federal Credit Union

Greenville Federal Credit Union

MTC Federal Credit Union

Carolina Foothills Federal Credit Union

Anderson Federal Credit Union

Greenville Heritage Federal Credit Union

Secured Advantage Federal Credit Union

Upstate Federal Credit Union Source: National Credit Union Administration

Gross and net taxable sales by county Calendar Year 2015 COUNTY

GROSS SALES

NET TAXABLE SALES

Greenville $14,715,499,640 $6,200,482,492 Spartanburg $8,866,321,092

$2,667,707,134

Anderson $4,953,985,926 $1,512,791,841 Pickens $1,954,300,608 $860,113,573 Greenwood $1,546,346,012 $571,102,490 Oconee $1,366,020,943 $471,957,686 Cherokee $1,264,780,250 $395,078,682 Laurens $1,176,705,250 $292,124,597 Union

$263,729,389 $120,453,088

Abbeville $190,252,207 $72,314,490 Source: S.C. Department of Revenue

38

FINANCE | www.gsabusiness.com

REAL ESTATE

T

he price of homes in the Upstate is on the rise and so is the amount of closed home sales in the area.

Apartments in the area are renting quickly as well ... and for more rent. Monthly rent across the Upstate has increased nearly 27.3% over the last five years. Abundance of apartment-style housing is also on the rise as nearly 4,000 new apartment units were under construction as of November 2015.

All signs point to continued robustness in the residential housing market across the Upstate.

Living in the Upstate and South Carolina is relatively less expensive as property taxes in the Palmetto State are nearly half the national average.

FAST FACTS Âť 14.6%

The increase of the number of homes closed in the Western Upstate region from 2014 to 2015.

PAGE 42

Âť $135,000

The median price of homes sold in the Spartanburg market in 2015 PAGE 43

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REAL ESTATE | www.gsabusiness.com

Upstate real estate market at-a-glance The real estate market is looking up in the Upstate. Prices and sales are up, and days on the market before sale are down in most communities. Continuing low interest rates have fueled buyers to take action.

Historical median home sale prices Year end 2015 data

Greater Greenville $180,000

Western Upstate

Spartanburg

Real estate prices have risen steadily across the Upstate since 2011.

$170,000 $160,000 $150,000 $140,000 $130,000 $120,000 $110,000 $100,000

2011

2012

2013

2014

2015

Total closed sales

Percentage of condos in market

Year end 2015 data

Year end 2015 data

11,591

7.8%

Up 12.9%

6.6%

from 2014

4,233

3.5%

4,359

Up 9.7%

Up 14.6%

from 2014

from 2014

Spartanburg

Western Upstate

Greater Greenville

Spartanburg

Western Upstate

Greater Greenville Source: S.C. Association of Realtors

42

REAL ESTATE | www.gsabusiness.com

Median home sale price

Days on market

Year end 2015 data

Year end 2015 data, averages

$169K

Up 6.3%

$149K $135K Up 8.0%

from 2014

$172K Up 6.2% from 2014

132

103

Spartanburg

Western Upstate

74

106

Up 9.0% from 2014

from 2014

Greater Greenville Spartanburg

Western Upstate

Greater Greenville

Statewide

Statewide Source: S.C. Association of Realtors

www.gsabusiness.com

| REAL ESTATE

43

2015 South Carolina area home sales at-a-glance South Carolina

Columbia area

Greenville area

(+13.9%)

11,010

11,591

(+12.2%)

(+12.9%)

15.0%

16.0%

6.7%

7.8%

Days on Market

106

62

96

74

Percent of original price received

96.4%

97.7%

96.2%

97.0%

Total Closed Sales

(Percent increase from 2014)

Percent condos

Charleston area

16,237

71,946 (+11.7%)

Source: S.C. Association of Realtors

Hate paying property taxes?

That’s why you’re in South Carolina

Median sales price

Year end 2015 data for South Carolina

American households pay an average of $2,089 a year in property taxes. But South Carolina beats that tax burden by more than 44%. That’s right: South Carolina’s property taxes are nearly half the U.S. average, giving the state one of the highest rankings for the lowest property taxes. Below you’ll see ten states where you’ll pay the lowest property taxes on average as of 2015, Hawaii being the lowest.

Colorado

$1,089

Wyoming

$1,069

Arkansas

$1,068 $1,015

West Virginia

$1,001

Wash. D.C.

Louisiana

$145K

+3.4%

+4.3%

from 2014

2014

2015

from 2012

from 2012

from 2011

$832

Alabama

$752 $482 = $100

Source: MarketWatch, WalletHub.com analysis *Even though it’s not a state, Washington, D.C., levies property taxes on residents who live there.

REAL ESTATE | www.gsabusiness.com

$150K

+3.5%

$917

Delaware

44

$156.5K

+6.2%

$984

South Carolina

Hawaii

$162K

$172K

2011

2012

2013

Source: S.C. Association of Realtors

Greenville-Spartanburg-Anderson area apartment market Average monthly rent

Apartment Units Under Construction

$900

4,000

$850

3,500

$825 $800

27.3%

Monthly rental rates increased by $184 from Nov. 2011 to Nov. 2015

Apartment construction has seen rapid growth since Nov. 2010.

3,000 2,500

$775 2,000 $750 1,500

$725

1,000

$700

500

$675 $650 Nov. 2010

Nov. 2015

0 Nov. 2010

Nov. 2015

Source: Real Data, Greenville Apartment Index, December 2015, www.aptindex.com

www.gsabusiness.com

| REAL ESTATE

45

Commercial Real Estate Firms Ranked by $ Value of Sale and Lease Transactions in 2015 Company Colliers International 55 E. Camperdown Way, Suite 200 Greenville, SC 29601 NAI Earle Furman 101 E. Washington St., Suite 400 Greenville, SC 29601 CBRE 101 N. Main St., Suite 1400 Greenville, SC 29601 Spencer Hines Properties Inc. 380 S. Pine St. Spartanburg, SC 29302 Cushman & Wakefield | Thalhimer 15 S. Main St., Suite 925 Greenville, SC 29601 Lee & Associates Greenville 101 W Court St., Suite A Greenville, SC 29601 Berkshire Hathaway HomeServices | C. Dan Joyner Realtors 24 Vardry St., 4th Floor Greenville, SC 29601

Phone / Website Email 864-297-4950 www.colliers.com/southcarolina 864-232-9040 www.naiearlefurman.com info@naiearlefurman.com 864-242-6169 www.cbre.com/greenville debbie.landers@cbre.com 864-583-1001 www.spencerhines.com benhines@spencerhines.com 864-370-8155 www.thalhimer.com brian.young@thalhimer.com 864-704-1040 www.lee-commercial.com sjacobs@lee-associates.com

Top Local Official(s) / Year Founded David M. Feild 1906 Jon A. Good 1986 Stephen B. Smith 1906 Ben Hines, Lynn Spencer, Bobby Hines 1986 Brian J. Young 1913 P. Randall Bentley 2005

Sales & Leases Value/ Properties Sold/ Current Listings $575,000,000 760 800 $331,339,000 562 697 $242,183,674 232 201 $83,003,810 142 550 $72,465,281 47 86 $69,548,301 149 157

60 150 1 45 81 3 19 46 1 15 23 2 7 8 1 8 15 1

Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse

Agricultural, flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Flex, income-producing, industrial, land, multifamily, office, retail, warehouse

864-233-7724 www.joynercommercial.com officemanager@joynercommercial.com

C. Dan Joyner Jr., Matt Carter 1964

$67,000,000 225 150

23 465 9

Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse, portfolio analysis, lease analysis

Gibbs Realty & Auction Co. Inc. 4891-D S.C. Highway 153 Easley, SC 29642

864-295-3333 www.gibbsrealty.net darrell@gibbsrealty.net

John Darrell Gibbs 1993

$43,287,154 457 92

17 17 6

Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse, HUD properties, bank-owned properties, investment properties, luxury properties

Coldwell Banker Commercial Caine 117 Williams St. Greenville, SC 29601 Langston-Black Real Estate Inc. 1001 W. Wade Hampton Blvd.

Greer, SC 29650 Avison Young 508 Rhett St., Suite 102 Greenville, SC 29601 The Lyons Group LLC 812 E. Main St. Spartanburg, SC 29302 Griffin Property Solutions LLC 500 East North St., Suite D Greenville, SC 29601

864-250-2800 www.cbccaine.com info@cbcaine.com 864-848-9070 www.langston-black.com rraffaldt@langston-black.com 864-334-4145 www.avisonyoung.com charlene.massey@avisonyoung.com 864-583-0094 www.lyonsgroupllc.com bobby@lyonsindustrial.com 877-477-1407 www.griffinpropertysolutions.com contact@griffinpropertysolutions.com

$39,077,300 203 146 $36,018,775 134 244 $17,744,245 45 30 $15,000,000 26 18 $13,700,000 21 27

14 19 2 18 19 2 6 9 1 3 4 1 2 4 1

Brad Halter, Stephen D. Edgerton 1933 Charles B Langston Jr. 1992 Christopher B. Fraser 2013 Bobby Lyons, Adam D. Padgett 1999 Mark C. Griffin 2012

Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com

46

Commercial Agents / Total Employees / Upstate Offices Types of Properties Sold / Leased

REAL ESTATE | www.gsabusiness.com

Flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse, investment Industrial, warehouse Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse, certified business brokerage Researched by GSA Business Report staff

ARCHITECTURE ENGINEERING & CONSTRUCTION

H

ousing construction in the Upstate carries with it the benefit of lower overall construction costs. In Greenville and Spartanburg, construction costs were 4% below the national average in 2015.

The construction sector remained very strong across the state of South Carolina as employment for general construction in the state was up 8% over 2015. There were close to 11,000 employed in construction in Greenville and another 5,100 in Spartanburg and 2,000 more in Anderson. In those three markets, the average weekly wage ranged from $706 to over $1,000.

While Charleston and Columbia saw gains in residential housing starts for the year, Greenville and the Upstate were down in starts by 6.7%.

FAST FACTS » 8%

The percentage of growth in general construction employment across South Carolina in 2015.

PAGE 50

» -4%

The percentage below the national average of construction costs in Greenville and Spartanburg.

PAGE 52

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ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com

www.gsabusiness.com

| ARCHITECTURE, ENGINEERING AND CONSTRUCTION

49

Construction growth, 2016 over 2015

Growth in Housing Starts Charleston

7.4%

Columbia

11.1%

Greenville

-6.7%

S.C. construction employment growth

8%

0%

4,400

4,000

3,600

S.C. employment growth in construction, by type Construction of buildings

6.8%

Heavy and civil engineering construction

3%

Specialty trade contractors

4.1%

Source: Charleston Home Builders Association, economic impact report

Housing starts for South Carolina, January 1988-April 2016 Great Recession Officially was from December 2007 to June 2009. Signs of the housing bubble began to appear in the first parts of 2006, as a rapid decrease in housing starts was underway.

3,200

2,800

2,400

2,000

1,600

1,200

800

Jan. 1988

50

April 2016 Source: Federal Reserve Bank of St . Louis

ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com

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51

Construction costs in S.C. % below the U.S. average Construction costs across South Carolina are below the national average.

U.S. Average -1% -2% -3% -4% -5% -6% -7% -8% -9% -10%

Charleston

Columbia

Greenville

Myrtle Beach

Rock Hill

Spartanburg

Beaufort

Source: 2015 National Building Cost Manual - Craftsman

Construction jobs by county, 2015 Employment in construction continues to be a growth area.

The below data is ranked by average weekely wage.

County

Construction jobs

No. of companies

Ave. weekly wage

Greenville

10,907

1,118

$1,208

Spartanburg

5,168

516

$830

Anderson

2,272

324

$706

Oconee

1,044

192

$674

Pickens

1,188

254

$602

Cherokee

539

71

$799

Union

127

30

$525

Laurens

445

69

$667

Abbeville

142

32

$546

Greenwood

866

109

$656

Source: S.C. Commerce Department Labor Market Analysis

52

ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com

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53

General Contractors Ranked by Dollar Value of Contracts in 2015 Phone / Website Email

Top Local Official(s) / Year Founded

Contracts: Value / No.

BE&K Building Group B 201 E. McBee Ave., Suite 400 Greenville, SC 29601 Triangle Construction Company Inc. 2624 Laurens Road Greenville, SC 29607

864-250-5000 www.bekbg.com

Mac Carpenter, Tim Parker 1968

$149,146,308 15

15%

60

Advanced manufacturing, aerospace, life sciences, food and beverage, health care, commercial-mixed-use and institutional design-build, construction management at risk, general contracting

864-288-5500 www.triangleconstruction.com cpatrick@triangleconstruction.com

Charley Patrick, Tom Baer, Bryant Nixon 1947

$102,000,000 29

85%

54

Design-build, education, cultural, commercial, retail, health care, multifamily, church and industrial

Zirkelbach Construction 103 Clair Drive, Suite E Piedmont, SC 29673

864-552-4004 www.zconstruction.com jimmie.mccarter@zconstruction.com

Jimmie McCarter, Alan Zirkelbach 1996

$90,000,000 12

25%

30

Distribution centers, big-box retail, schools, restaurants, mixed use, office, medical, hospitals, banks, automobile dealerships, small and medium retailers, churches, courthouses, municipal, fast food chains, convenience stores

864-527-2500 www.harpercorp.com ksnipes@harpercorp.com

Doug Harper, Rick Richardson, David P. Wise 1950

$87,000,000 41

85%

106

Industrial, retail, office, institutional, commercial, health care, environmental systems

864-704-1300 www.brasfieldgorrie.com

Ben Barfield 1964

$84,833,290 20

100%

35

One of the largest privately held construction firms in the nation

Kevin Bean, Judy Castleberry 1975

$79,000,000 38

15%

246

Engineering, procurement, construction of complex capital projects

Christopher Bowen 1998

$64,492,000 17

90%

27

Construction management, design-build, general contracting, preconstruction services, partnering

Will W. Huss Jr., Neal Workman 1982

$57,200,000 28

75%

60

Design-build, partnering, construction management at risk

864-232-1491 www.ypsconst.com kcarter@ypsconst.com

R. Lynn Yeargin, Sam Smith, Kirk T. Carter 1919

$55,000,000 14

100%

40

Mixed-use, industrial, commercial, distribution, institutional, wellness, multifamily, church, warehouse, logistics, design-build

864-233-1631 www.creativebuilders.net kayla@creativebuilders.net 864-277-0060 www.shermanconstruction.com info@shermanconstruction.com

William H. McCauley III, Dexter LeCroy, Jim White 1971 Wayland Sherman, Andy Sherman, Kelly S. Ramirez 1961

$50,000,000 55

70%

50

Commercial, financial, industrial, medical, multifamily

$50,000,000 15

100%

30

Recreational, institutional, health care, church, senior living, office, retail, renovation, general commercial

864-277-9105 www.mbkahn.com jbrown@mbkahn.com

Jim Heard, Jack Brown, Michael D. Dunlap 1927

$47,500,000 16

100%

50

Industrial-manufacturing, commercial, institutional

Company

The Harper Corporation - General Contractors 35 W. Court St., Suite 400 Greenville, SC 29601 Brasfield & Gorrie LLC 1 N. Main St., Suite 904 Greenville, SC 29601 O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607 Hogan Construction Group 10703 Anderson Road Easley, SC 29642 Trehel Corp.

935 South Main St., Suite 300 Greenville, SC 29601

864-298-2000 www.onealinc.com info@onealinc.com 864-272-1527 www.HoganConstructionGroup.com cbowen@HoganConstructionGroup.com 800-319-7006 www.trehel.com info@trehel.com

Yeargin Potter Smith C 121 Edinburgh Court Greenville, SC 29607 Creative Builders Inc. 200 E. Broad St., Suite 150 Greenville, SC 29601 Sherman Construction Co. 1330 Piedmont Highway Piedmont, SC 29673 MB Kahn Construction Co. Inc.– Greenville Division 116 Old Standing Springs Road Greenville, SC 29605

Work Done Locally

Local Employees

Areas of Specialization

Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com or go to www.tinyurl.com/joinourlists.

B formerly KBR Building Group C formerly Yeargin Potter Shackelford Construction

Researched by GSA Business Report staff

Housing construction for S.C. metro Areas Annual Privately Owned Housing Units Housing building permits issued – 2014

– 2015

Construction costs

– % INCREASE

21.8% 5,814

– 2014

– 2015

– % INCREASE

0.8% 6,160

8.5%

6,211

19.1%

16.4%

4,774

$1.3B $1.2B

4,683

$1.1B

4,022

13.2%

$904M

35.4% 28.4% 1,074

$759M

$231M $171M

1,379

Spartanburg

$671M

GreenvilleAnderson-Mauldin

CharlestonNorth CharlestonSummerville

Columbia

Spartanburg

GreenvilleAnderson-Mauldin

CharlestonNorth CharlestonSummerville

Columbia

Source: U.S. Census Bureau

54

ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com

SPONSORED CONTENT

55

BUSINESS RESOURCES

W

hile businesses continue to thrive in the Upstate, more and more people want to know how they can break out on their own and work for themselves in this business climate.

There are several great resources out there to find the information you are looking for.

Inside these next few pages, we provide information needed for those looking to start a business and those looking for ways to finance their businesses.

Of course, there are always legal questions surrounding owning and operating a business and we have included different types of legal business structures to help you determine which is the best path for your business.

Doing business in the Upstate has become a popular endeavor with 22 new company announcements in the first half of 2016 alone.

FAST FACTS Âť $2.4B

The amount of foreign business investment into South Carolina in 2015 Source: Colliers International

Âť NO .1

South Carolina's ranking among all 50 states in the categories of Cost of Doing Business and incentive programs.

Source: Top States For Doing Business 2015/ Colliers International

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56

BUSINESS RESOURCES | www.gsabusiness.com

S.C. Constitutional Offices S.C. Governor – Nikki R. Haley 803-734-2100 www.governor.sc.gov S.C. Lieutenant Governor – Henry McMaster 803-734-2080 www.ltgov.sc.gov Secretary of State – Mark Hammond 803-734-2170 www.scsos.com Attorney General – Alan Wilson 803-734-3970 info@scattorneygeneral.com www.scattorneygeneral.org Treasurer – Curtis M. Loftis Jr. 803-734-2016 treasurer@sto.sc.gov www.state.sc.us/treas Auditor – George L. Kennedy, III 803-832-8929 gkennedy@osa.sc.gov Superintendent of Schools Molly Mitchell Spearman 803-734-8500 info@ed.sc.gov Director of Insurance – Raymond Farmer 803-737-6160 info@doi.sc.gov Comptroller – Richard Eckstrom 803-734-2121 cgoffice@cg.sc.gov www.cg.sc.gov

U.S. House of Representatives

Jeff Duncan (R) * 3rd Congressional District: Edgefield, Saluda, McCormick, Greenwood, Abbeville, Anderson, Oconee, Pickens, and Laurens Counties, and portions of Greenville and Newberry Counties.

864-681-1028 (Laurens office) 864-224-7401 (Anderson office) www.jeffduncan.house.gov Trey Gowdy (R) * 4th Congressional District: Portions of Spartanburg and Greenville Counties.

864-241-0175 (Greenville office) 864-681-1028 (Laurens office) www.gowsy.house.gov

U.S. Senate

Lindsey Graham (R) 864-250-1417 www.lgraham.senate.gov Tim Scott (R)* 864-233-5366 www.scott.senate.gov

To contact representatives, visit www.scstatehouse.gov Thomas C. Alexander (R)* District 1 - Oconee and Pickens Counties 803-212-6220 Larry A. Martin (R)* District 2 – Pickens County 803-212-6610 Kevin L. Bryant (R)* District 3 – Anderson County 803-212-6320

Michael L. Fair (R)* District 6 – Greenville County 803-212-6420 Karl B. Allen (D)* District 7 – Greenville County 803-212-6040 Ross Turner (R)* District 8 – Greenville County 803-212-6148 Daniel B. “Danny” Verdin, III (R)* District 9 – Greenville and Laurens Counties 803-212-6230 Floyd Nicholson (D)* District 10 - Abbeville, Greenwood, McCormick and Saluda Counties 803-212-6040 Glenn G. Reese (D)* District 11 – Spartanburg County 803-212-6108 Lee Bright (R)* District 12 - Greenville and Spartanburg Counties 803-212-6008 Shane R. Martin (R)* District 13 - Greenville, Spartanburg and Union Counties 803-212-6100

58

William R. “Bill” Whitmire (R)* District 1 – Oconee County 803-734-3068

David R. Hiott (R)* District 4 – Pickens County 803-734-3022

Thomas D. “Tom” Corbin (R)* District 5 – Greenville and Spartanburg Counties 803-212-6100

Upstate’s Congressional Representation

To contact representatives, visit www.scstatehouse.gov

S.C. State Senate

Adjutant General Major General Robert E. Livingston, Jr. 803-299-4360 www.scguard.com

Public Services Commissoner Comer H. “Randy” Randall 803-896-5100 www.psc.sc.gov

S.C. House of Representatives

William E. “Bill” Sandifer, III (R)* District 2 - Oconee and Pickens Counties 803-734-3015

Michael W. “Mike” Gambrell (R)* District 4 - Abbeville, Anderson and Greenwood Counties 803-212-6024

Labor Commissioner – Richele Taylor 803-896-4300 www.llr.state.sc.us

Ronnie W. Cromer (R)* District 18 – Lexington, Newberry and Union Counties 803-212-6330

Mick Mulvaney (R) * 5th Congressional District: Union, Chester, Fairfield, Kershaw, Lee, Lancaster, and York Counties, and portions of Newberry, Spartanburg, and Sumter Counties.

864-206-6004 (Gaffney office) www.mulvaney.house.gov

Commissioner of Agriculture – Hugh E. Weathers 803-734-2190 hweathe@scda.sc.gov www.agrictulture.sc.gov

Natural Resources Commissioner Alvin A. Taylor 803-734-3833 www.dnr.sc.gov

Harvey S. Peeler, Jr. (R)* District 14 - Cherokee, Spartanburg, Union and York Counties 803-212-6430

BUSINESS RESOURCES | www.gsabusiness.com

Gary E. Clary (R)* District 3 – Pickens County 803-212-6908

Neil A. Collins (R)* District 5 – Pickens County 803-212-6913 W. Brian White (R)* District 6 – Anderson County 803-734-3144 District 7 - Abbeville and Anderson Counties VACANT* Jonathon D. Hill (R)* District 8 – Anderson County 803-212-6919 Anne J. Thayer (R)* District 9 – Anderson County 803-212-6889 Joshua A. Putnam (R)* District 10 - Anderson, Greenville and Pickens Counties 803-212-6931 Craig A. Gagnon (R)* District 11 - Abbeville and Anderson Counties 803-212-6934 J. Anne Parks (D)* District 12 – Greenwood County 803-734-3069 R. Shannon Riley (R)* District 13 – Greenwood County 803-212-6939 Michael A. Pitts (R)* District 14 – Greenwood and Laurens Counties 803-734-2830 Mark N. Willis (R)* District 16 – Greenville and Laurens Counties 803-212-6882 James Mikell “Mike” Burns (R)* District 17 – Greenville County 803-734-3101 Tommy M. Stringer (R)* District 18 – Greenville County 803-212-6881 Dwight A. Loftis (R)* District 19 – Greenville County 803-734-3101

Daniel P. “Dan” Hamilton (R)* District 20 – Greenville County 803-212-6795

Phyllis J. Henderson (R)* District 21 – Greenville County 803-212-6883 Wendy K. Nanney (R)* District 22 – Greenville County 803-212-6877 Chandra E. Dillard (D)* District 23 – Greenville County 803-212-6791 Bruce W. Bannister (R)* District 24 – Greenville County 803-734-3138 Leola C. Robinson-Simpson (D) District 25 – Greenville County 803-212-6941 Garry R. Smith (R)* District 27 – Greenville County 803-734-3141 Eric M. Bedingfield (R)* District 28 – Greenville County 803-212-6812 Harold Mitchell, Jr. (D)* District 31 – Spartanburg County 803-734-6638 J. Derham Cole, Jr. (R)* District 32 – Spartanburg County 803-212-6790 Edward R. “Eddie” Tallon, Sr. (R)* District 33 – Spartanburg County 803-212-6893 P. Michael “Mike” Forrester (R)* District 34 – Spartanburg County 803-212-6792 William M. “Bill” Chumley (R)* District 35 – Greenville and Spartanburg Counties 803-212-6894 Merita A. “Rita” Allison (R)* District 36 – Greenville and Spartanburg Counties 803-734-3053 Donna C. Hicks (R)* District 37 – Spartanburg County 803-212-6878 Norman D. “Doug” Brannon (R)* District 38 – Spartanburg County 803-212-6876 Michael A. “Mike” Anthony (D)* District 42 – Laurens and Union Counties 803-734-3060 *This could change depending on the results of the November General Election.

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CHECKLIST FOR STARTING A BUSINESS From The U.S. Small Business Administration: Step 1: Write a business plan.

Step 2: Get business assistance and training.

Step 3: Choose a business location.

Step 4: Finance your business.

Step 5: Determine the legal structure of your business. LLC, sole proprietorship, general partnership, C corporation, or other special structures: www.scbos.sc.gov Step 6: Register a business name (“doing business as”).

Step 7: Get a Tax Identification Number.

This is a federal requirement from the IRS. Here is a link to IRS information from S.C. Business One Stop: www.scbos.sc.gov/business-resources Step 8: Register for state and local taxes.

Step 9: Obtain business licenses and permits.

These are county and city requirements. Check with your local government offices: • LLCs and corporations have to register with the S.C. Secretary of State’s office • Retailers must register with the S.C. Department of Revenue for sales, use and accommodation taxes.

• Some specific businesses and occupations require licenses, such as real estate agents, barbers and lawyers. Selling alcohol, food or clothing requires special licenses from the S.C. Department of Labor, Licensing and Regulation.

Step 10: Understand employer responsibilities.

The process is described at www.scbos.sc.gov/portals/0/site/business%20resources/ planning_on_hiring_or_adding_new_employee.pdf

Here are some other helpful lists for starting a business: • S.C. businesses: www.scsbdc.com/start.php Columbia businesses: www.columbiasc.net/business/starting-a-business/startup-checklist Charleston Score: www.score.org/resources/first-steps-getting-your-business-and-running From the IRS: www.irs.gov/businesses/small-businesses-&-self-employed/starting-abusiness Here are some links to running a self-assessment to make sure owning a business is right for you: • www.score.org/resources/entrepreneur-mindset-skills • •www.sba.gov/content/entrepreneurship-you Source: U.S. Small Business Administration

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FINANCING YOUR BUSINESS Where to go for assistance LOANS

The U.S. Small Business Administration facilitates some loans: • The 7(a) Loan program is the most flexible and most commonly used. These are not government loans but come from banks and approved lenders. The SBA reduces the lender’s risk.

• Basic loans and a special loan program are offered for international trade and exports.

• 504 Loans from the SBA are specifically for expansion needs such as land, buildings and equipment.

• Microloans are also available for up to $50,000 for businesses. The SBA works with more than 100 intermediaries for the small loans. Information is available at www.charlestronlde. com for Charleston and www.communityworkscarolina.com for the Upstate.

• The State Trade and Export Promotion program provides matching funds assisting small businesses working in international markets.

• The Small Business Innovation Research program is a competitive program for domestic small businesses competing for federal research and development grants. The program is designed to encourage research and development by providing an incentive for commercialization.

• A similar program, the Small Business Technology Transfer Program, is a direct partnership between the R&D budgets of federal agencies, such as defense and energy and small business.

Source: https://www.sba.gov/sites/default/files/files/resourceguide_3145.pdf

Economic development agencies and nonprofit organizations can also provide some financing. Here are some items to think about: • You will need to apply for the loan and provide information such as what needs to be purchased, how the loan will be used and who is managing the funds.

• You will need to provide: • A resume and business plan.

• Personal and business credit report.

• Income tax returns.

• Financial statements from your business.

• Some loans may require collateral.

• You may also need to submit the legal documents regarding your business organization

GRANTS

Federal grants are available but only for noncommercial organizations. These are targeted towards medicine, education, research and technology. Some states provide grants for specific industries. Most require matching funds or other forms of financing such as a loan.

Source: U.S. Small Business Administration

VENTURE CAPITAL

• Venture capital is a type of equity financing that addresses the funding needs of entrepreneurial companies that cannot seek capital from more traditional sources. It is typically targeted to startups and high growth technology companies.

• Profit is shared with the investors, who have a right to call in the capital. Funds are typically from limited partners, pension funds and hedge funds.

• The SBA has a Small Business Investment Company Program that works with licensed private investment funds to provide growth capital to U.S. small businesses.

• The SBIC Directory is available at https://www.sba.gov/content/sbic-directory.

• Some of these funds come from angel investor groups.

OTHER FINANCE AIDS

BusinessUSA Financing Tool This is a search tool for government financing for your business. These are not grants, but typically loans or contracts available to small businesses.

• http://business.usa.gov/access-financing Amber Grants for Women This is a special organization to help women. The website also has a specialized search tool for loans and grants for women-owned businesses.

• www.ambergrantsforwomen.com S.C. Division of Small and Minority Business Contracting and Certification This site serves as a one-stop shop for those looking for minority-owned businesses or looking to become certified as a minority-owned business.

• Provides a connection to state contract and procurement opportunities through the Materials Management Office.

• Provides workshops, consultation and dispute resolution for business. http://osmba.sc.gov/

LEGAL STRUCTURES OF BUSINESSES When you set up your business, you will need to choose the proper legal structure.

Here are some of the choices, each meeting particular needs: Sole proprietorship:

A simple informal structure that is inexpensive to form. The owner operates it, is personally liable for all business debts, can freely transfer all or part of the business, and can report profit or loss on personal income tax returns using Schedule C.

Limited liability company:

Generally considered advantageous for small business because it combines limited personal liability of a corporation with the tax advantage of a partnership or sole proprietorship.

General partnership:

Partnerships are inexpensive to form. They require an agreement between two or more individuals or entities to jointly own and operate a business. Profit, loss and managerial duties are shared among the partners, and each is personally liable for partnership debts. The partnership does not pay income tax but must file an informational return. Individual partners report their share of profits and losses on their personal return.

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Corporation (Inc. or Ltd.):

This is a complex business structure with more startup costs. A corporation is a legal entity separate from its owners, who own shares of stock in the company. It can be created for profit or nonprofit purposes.

Profits are subject to income tax at both the corporate level and when distributed to shareholders. Shareholders are not personally liable for corporate obligations as long as corporate formalities have been observed.

Sub chapter S corporation (Inc. or Ltd.):

This structure is identical to the C corporation in many ways but offers avoidance of double taxation. If a corporation qualifies for S status with the IRS, it is taxed like a partnership.

SOURCE: S.C. Small Business Development Center

For more information and other structures:

• www.sba.gov/category/navigation-structure/starting-managingbusiness/starting-business • www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/BusinessStructures

Chambers of Commerce Chambers in the Upstate, Ranked by No. of Members

Top Local Official/ Year Founded

Chamber

Phone / Website / Email

Greenville Chamber 24 Cleveland St. Greenville, SC 29601

864-242-1050 www.greenvillechamber.org mmann@greenvillechamber.org

Carlos Phillips 1879

Spartanburg Area Chamber of Commerce 105 N. Pine St. Spartanburg, SC 29302

864-594-5000 www.spartanburgchamber.com spartanburgchamber@spartanburgchamber.com

Allen Smith 1919

Anderson Area Chamber of Commerce 907 N. Main St., Suite 200 Anderson, SC 29621

864-226-3454 www.andersonscchamber.com info@andersonscchamber.com

Greater Greer Chamber of Commerce 111 Trade St. Greer, SC 29651

Members/ Employees/ Volunteers

Geographic Coverage

Mission / Description

Greenville County, Upstate S.C.

The Greenville Chamber exists to develop a globally competitive Upstate economy where businesses thrive and people prosper. Mission: To lead, convene and mobilize the business community to drive regional economic growth.

999 20 500

Spartanburg County, SC

To enhance and continually improve the business climate and quality of life for Spartanburg County.

Pamela Christopher 1899

850 7 30

Anderson area

To strengthen the community by identifying needs, problems and opportunities and develop programs to solve those problems and satisfy the needs.

864-877-3131 www.greerchamber.com info@greerchamber.com

Mark Owens 1937

714 7 750

Greater Greer

To champion economic prosperity for its members and the greater Greer community.

Greenwood Area Chamber of Commerce 110 Phoenix St. Greenwood, SC 29646

864-223-8431 www.greenwoodscchamber.org info@greenwoodscchamber.org

Angelle R. LaBorde 1914

600 5 150

Greater Greenwood area

To serve as a champion for business and as an advocate for the community, thus strengthening and developing the economic climate.

Laurens County Chamber of Commerce 291 Professional Park Road Clinton, SC 29325

864-833-2716 www.laurenscounty.org galexander@laurenscounty.org

Greg Alexander 1978

510 3 350

Laurens County

Serve as the unified voice to promote, strengthen and develop the business community of Laurens County by enhancing quality of life, workforce development, tourism and marketing initiatives.

Greater Easley Chamber of Commerce 2001 E. Main St. Easley, SC 29641

864-859-2693 www.easleychamber.org ecc@easleychamber.org

Cynthia B. Hopkins 1935

480 4 80

Easley, Powdersville and Pickens County

To promote an ideal business environment, encouraging growth and community development by continuously improving the quality of life in the greater Easley area.

Cherokee County Chamber of Commerce 225 S. Limestone St. Gaffney, SC 29340

864-489-5721 www.cherokeechamber.org info@cherokeechamber.org

Jonna Turner 1947

410 2 3

Cherokee County

To be a nonpolitical and nonpartisan advocate for the free enterprise system by promoting the growth of business, industry and community.

Greater Mauldin Chamber of Commerce 101 E. Butler Road Mauldin, SC 29662

864-297-1323 www.mauldinchamber.org info@mauldinchamber.org

Patricia Pomeroy 1982

400 3 75

Greater Mauldin area (includes seven cities in the Upstate)

To promote, develop, encourage and profit the commercial, professional, financial and general business interest of the greater Mauldin area.

Simpsonville Area Chamber of Commerce 100 West Trade St. Simpsonville, SC 29681

864-963-3781 www.simpsonvillechamber.com info@simpsonvillechamber.com

Allison McGarity 1980

375 3 50

Simpsonville area

The Simpsonville Area Chamber of Commerce is committed to being a positive force in providing leadership and advocacy to unite and improve the local business community.

Oconee County Chamber of Commerce 135-C Eagles Nest Drive Seneca, SC 29678

864-882-2097 www.oconeechambersc.com info@oconeechambersc.com

Debbie Meinert 1906

340 2 2

Greater Oconee County

To promote business, education and tourism for the betterment of our members and the community.

Clemson Area Chamber of Commerce 1105 Tiger Blvd.

Clemson, SC 29631

864-654-1200 www.clemsonareachamber.org info@clemsonareachamber.org

David C. Lane 1981

330 7 25

Clemson area Includes Central, Clemson, Pendleton, Six Mile

To promote economic vitality and a favorable business climate while protecting and improving the region's quality of life.

S.C. Hispanic Chamber of Commerce 714 Pettigru St., Suite C Greenville, SC 29601

864-643-7261 www.schcc.org -

Evelyn Lugo 2007

300 0 15

Statewide

To promote and support the advancement of the economic growth of Hispanic businesses in South Carolina.

Fountain Inn Chamber of Commerce 102 Depot St. Fountain Inn, SC 29644

864-862-2586 www.fountaininnchamber.org info@fountaininnchamber.org

John R. Hastings Sr. 1954

280 2 7

Upstate S.C., including Greenville and Laurens counties

To be an advocate for business, to promote business alliances, to provide valuable benefits and services to our members and to be a partner with economic development efforts in Fountain Inn and surrounding vicinities.

Union County Chamber of Commerce 135 W. Main St. Union, SC 29379

864-427-9039 www.unionsc.com chamber@unionsc.com

Torance Inman 1924

210 2 3

Union County

To advocate for the growth and prosperity of new and existing business in order to enhance the quality of life for all Union citizens.

Greater Abbeville Chamber of Commerce 107 Court Square Abbeville, SC 29620

864-366-4600 www.abbevillechambersc.com abvchamber@wctel.net

Missy Wines 1982

180 2 6

Abbeville County

To serve as an advocate for its members by providing a forum for networking, helping identify economic development needs and advertising opportunities, promoting tourism, working to develop community leaders and serving as a catalyst for improving the overall quality of life in our community prompting further business development.

Greater Travelers Rest Chamber of Commerce P. O. Box 329 Travelers Rest, SC 29690

864-708-0888 http://greatertrchamber.com communications@greatertrchamber.com

Rebecca Cooper 2011

130 0 14

The Upstate...Greater Travelers Rest Area, Slater, Marietta, North Greenville

To foster economic development, support, community, renewal, provide networking opportunities and encourage unity in the Travelers Rest area.

Greater Pickens Chamber of Commerce 222 W. Main St. Pickens, SC 29671

864-878-3258 www.pickenschamber.net info@pickenschamber.net

Mike Parrott 1978

125 1 9

City of Pickens and surrounding region

To enhance and improve the business climate and quality of life in the city of Pickens and in the surrounding region.

Calhoun Falls Chamber of Commerce 101 W. Savannah St. Calhoun Falls, SC 29628

864-418-8672 cfchamber@wctel.net

Rebeca R McCaslan, Chris Cowan 1970

120 2 10

Calhoun Falls

Where southern hospitality meets business opportunity

Ninety Six Chamber of Commerce 97 Main St. E. Ninety Six, SC 29666

864-543-2047 www.96chamberofcommerce.com 96chamber@gmail.com

Pamela Alford, Michael Rowe 1958

120 1 12

Greater Ninety Six area and lower Lake Greenwood

To improve our community's economy and quality of life by helping businesses prosper and grow; working to increase job opportunities; and, encouraging our neighbors to shop locally.

Greater Walhalla Area Chamber 864-638-2727 of Commerce www.walhallachamber.com 105 W. South Broad St. info@walhallachamber.com Walhalla, SC 29691

Vanessa Penton 1976

115 1 24

Walhalla, West Union, Mountain Rest, Salem

To promote the business, civic, social and cultural growth of the community.

Westminster Chamber of Commerce 135 E. Main St. Westminster, SC 29693

Sandra B. Powell 1985

102 1 25

City of Westminster and surrounding areas from Fair Play to Long Creek

To advance the economic, industrial, professional, cultural and civic welfare of the Westminster area.

Greater Inman Area Chamber of 864-472-3654 Commerce www.inmanscchamber.org 20 S. Main St. Inman, SC 29349

David Grayshock, Teri Newmark 1985

85 0 10

Greater Inman area

To provide leadership in the Inman area that supports the existing business community and promotes economic development while preserving the traditions, personality and heritage of Inman.

Small Business Development Center 1 N. Main St. Greenville, SC 29601

1979

Greenville, Spartanburg, Anderson, Oconee, Pickens, Abbeville, Edgefield, Saluda, Greenwood, Laurens, McCormick counties

To advance South Carolina's economic development by helping entrepreneurs grow successful businesses; offering five offices in the Upstate.

864-647-5316 www.westminstersc.com chamber@westminstersc.com

864-370-1545 www.clemson.edu/sbdc clemsonsbdc@clemson.edu

2,200 25 800

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Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, 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 803-726-7404 or go to www.tinyurl.com/joinourlists.

Researched by GSA Business Repot staff

www.gsabusiness.com

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THE INDEX DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT............................................................4

Upstate counties...................................................................................................................................................................................... 6 Per capita personal income.................................................................................................................................................................... 9 Labor & Wages........................................................................................................................................................................................10 Job growth by sector in S.C................................................................................................................................................................... 14 Active-duty personnel make military one of S.C.’s largest employers.............................................................................................. 14 How underemployed are South Carolinians?...................................................................................................................................... 14 A place to do business............................................................................................................................................................................16

EDUCATION.......................................................................................................................................... 18

District data............................................................................................................................................................................................ 20 Higher educational attainment of people 25 years and older by county...........................................................................................22 The amount of student loan debt compared to salary 10 years after attending...............................................................................22 Total R&D expenditures at universities and colleges in S.C., 2014.....................................................................................................23 Degrees awarded by public research institutions...............................................................................................................................23 Colleges and Universities.......................................................................................................................................................................23

MEDICAL & HEALTH CARE....................................................................................................................24

South Carolina’s health care rankings................................................................................................................................................. 26 Health insurance costs for workers, employers................................................................................................................................ 26 Health care exchange enrollment........................................................................................................................................................ 26 Buying the Affordable Care Act ........................................................................................................................................................... 28 Total Medicaid spending........................................................................................................................................................................ 28 What does insurance cost?................................................................................................................................................................... 28 Percent covered by health insurance.................................................................................................................................................. 28 South Carolina birth data...................................................................................................................................................................... 30 Employment and earnings for health care professionals in the Greenville region......................................................................... 30 Leading causes of death in South Carolina.......................................................................................................................................... 30

FINANCE...............................................................................................................................................32

South Carolina banking performance................................................................................................................................................. 34 Upstate Banks by County....................................................................................................................................................................... 34 Deposit market share report................................................................................................................................................................ 36 South Carolina SBA Lenders..................................................................................................................................................................37 The Upstate’s largest credit unions...................................................................................................................................................... 38 Gross and net taxable sales by county................................................................................................................................................. 38

REAL ESTATE........................................................................................................................................ 40

Upstate real estate market at-a-glance................................................................................................................................................42 2015 South Carolina area home sales at-a-glance............................................................................................................................. 44 Hate paying property taxes? That’s why you’re in South Carolina.................................................................................................... 44 Median sales price................................................................................................................................................................................. 44 Greenville-Spartanburg-Anderson area apartment market............................................................................................................ 45 Commercial Real Estate Firms.............................................................................................................................................................. 46

ARCHITECTURE, ENGINEERING & CONSTRUCTION............................................................................ 48

Construction growth, 2016 over 2015................................................................................................................................................. 50 Housing starts for South Carolina, January 1988-April 2016............................................................................................................ 50 Construction costs in S.C. , % below the U.S. average........................................................................................................................52 Construction Jobs by county, 2015.......................................................................................................................................................52 General Contractors.............................................................................................................................................................................. 54 Housing construction for S.C. metro areas........................................................................................................................................ 54

BUSINESS RESOURCES........................................................................................................................56

S.C. Constitutional Offices..................................................................................................................................................................... 58 Checklist for starting a business..........................................................................................................................................................60 Financing your business........................................................................................................................................................................ 62 Legal structures of businesses............................................................................................................................................................. 62 Chambers of Commerce....................................................................................................................................................................... 63

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