MARKETFACTS SINESS REP BU OR
20
SA
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August 7, 2017 | www.GSABusiness.com | Vol. 20, No. 15
ry
rsa Annive
1997 - 2017
Celebrating milestones Highlighting business and industry serving the Upstate of South Carolina. PAGE 68
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Snapshots of the Upstate Publisher - Rick Jenkins rjenkins@scbiznews.com • 864.720-1224 UPSTATE NEWSROOM Editor - Matthew Clark mclark@scbiznews.com • 864.720.1222 Staff Writer - Teresa Cutlip tcutlip@scbiznews.com • 864.720.1223 MIDLANDS NEWSROOM Associate Publisher - Licia Jackson ljackson@scbiznews.com • 803.726.7546 Editor - Chuck Crumbo ccrumbo@scbiznews.com • 803.726.7542 Staff Writer - Travis Boland tboland@scbiznews.com • 803.726.7543 Research Specialist - Patrice Mack pmack@scbiznews.com • 803.726.7544 LOWCOUNTRY NEWSROOM
For years, GSA Business Report's Market Facts has provided an in-depth statisical analysis of various economic sectors and contact information for much-needed business resources. This year we have added a section dedicated to corporate milestones. This advertising supplement gives Upstate businesses an avenue to share their accomplishments and anniversaries from the year. The intent of Market Facts is to provide as much comprehensive data and information as possible to increase the value of the publication to our readers. We do this by presenting information through clever graphics and insightful analysis of key data from across the Upstate and South Carolina. It's important to note that the data is more than just numbers, but an illustration of trends along with notes and explanations of key points. From research to production, the entire team involved in Market Facts is dedicated to providing a full, comprehensive look at our region and our state. Matt Clark, Editor
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32 FINANCE 40 REAL ESTATE 48 ARCHITECTURE, ENGINEERING & CONSTRUCTION 56 BUSINESS RESOURCES 68 CORPORATE MILESTONES
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B
publish Market Facts. As the
C
oldest bank chartered and still
with the GSA Business
headquartered in Greenville
Report. As Greenville’s
County, we recognize the
premier business club, we
important contributions of
are committed to being
ank of Travelers Rest
ommerce Club is
is honored to partner
thrilled to sponsor
with GSA Business to
Tom Britt President
the people, businesses and organizations that make the Upstate a place we are proud to
the 2017 Market
Facts Guide in partnership
John C. Welter the community’s business General Manager resource, as the place to host your corporate meetings,
call home.
celebrate company milestones
To us, community banking involves listening to our
and entertain clients. With
customers so we can recommend solutions for their
nearly 1,000 Members and seven well-appointed
unique needs. The core of our business is centered in
rooms, we continue to be the destination for Upstate’s
banking; however, we find value in community initiatives
dynamic leaders to connect, work, host and play.
and reinvest in those to fund the growth, change and betterment of life for the communities around us.
As Commerce Club celebrates 33 years in Greenville, we applaud each and every business in the Upstate, as
As the Upstate positions for growth, we hope Market
we work together to foster a dynamic and flourishing
Facts will be a tool to propel your business into the center
community. We look forward to the continued growth
of that growth.
of the community and opportunity to partner with your business.
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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." More people in the Upstate work in manufacturing than any other field. In terms of getting people ready for work, one in three Upstate employers offers some kind of apprenticeship program. Year-over-year, unemployment continues to fall in all 10 counties of the Upstate as all but two of those counties have unemployment rates below 5%. While manufacturing remains the biggest employer, several sectors have made strong gains meaning the Upstate economy continues its pattern of steady growth.
FAST FACTS » 19.47
The percentage of the Upstate labor force working in manufacturing. PAGE 10
»5
The number of counties in the Upstate that have median household incomes over $40,000 in 2016. PAGE 6
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DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
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 2016 2021
> > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
25,410 25,278 25,106
TOP MANUFACTURING EMPLOYERS
> > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > >
187,133 194,751 201,456
TOP MANUFACTURING EMPLOYERS
2010 2016 2021
> > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
55,336 56,832 57,795
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 ETC.. . . . . . . . . . . . . . . . . . . . . . . . . 200 BURNSTEIN VON SEELEN PRECISION CASTING. . 100
$35,379
MEDIAN HOUSEHOLD INCOME, 2016
3.9%
GLEN RAVEN CUSTOM FABRICS . . . . . . . . . . . . 600 JPS COMPOSITE MATERIALS CORP.. . . . . . . . . . . . . . . . . . . . . . . . . 500
$35,379 $44,067
MEDIAN MEDIAN HOUSEHOLD HOUSEHOLD INCOME, INCOME, 2016 2016
3.9% 3.4%
MILLIKEN & CO.. . . . . . . . . . . . . . . . . . . . . . . . . . . 809 THE TIMKEN CO.. . . . . . . . . . . . . . . . . . . . . . . . . . 712 FREIGHTLINER CUSTOM CHASSIS. . . . . . . . . . . . 650 HAMRICK MILLS. . . . . . . . . . . . . . . . . . . . . . . . . . 425
$33,630
MEDIAN HOUSEHOLD INCOME, 2016
4.2%
UNEMPLOYMENT RATE, MAY 2017
UNEMPLOYMENT UNEMPLOYMENT RATE, RATE, MAY MAY 2017 2017
UNEMPLOYMENT RATE, MAY 2017
GREENVILLE COUNTY
GREENWOOD COUNTY
LAURENS COUNTY
POPULATION
POPULATION
POPULATION
2010 2016 2021
> > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > >
451,185 495,777 537,756
TOP MANUFACTURING EMPLOYERS
2010 2016 2021
> > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
69,661 69,214 68,709
TOP MANUFACTURING EMPLOYERS
2010 2016 2021
> > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
66,536 67,486 68,420
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 FINEPACK. . . . . . . . . . . . . . . . . . . . . . . . . . . 400
LOCKHEED MARTIN . . . . . . . . . . . . . . . . . . . . . . . 800 DRIVE AUTOMOTIVE INDUSTRIES OF AMERICA. . . . . . . . . . . . . . . . . . 700
$50,251
MEDIAN HOUSEHOLD INCOME, 2016
3.2%
UNEMPLOYMENT RATE, MAY 2017
6
2010 2016 2021
$37,718
MEDIAN HOUSEHOLD INCOME, 2016
4.0%
UNEMPLOYMENT RATE, MAY 2017
DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
$39,607
MEDIAN HOUSEHOLD INCOME, 2016
3.7%
UNEMPLOYMENT RATE, MAY 2017
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| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT
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UPSTATE COUNTIES OCONEE COUNTY
PICKENS COUNTY
SPARTANBURG COUNTY
POPULATION
POPULATION
POPULATION
2010 2016 2021
> > > > > > > > > > > > > > > > > >
74,273 77,136 79,192
> > > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
TOP MANUFACTURING EMPLOYERS
> > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > >
119,224 122,909 126,514
TOP MANUFACTURING EMPLOYERS
2010 2016 2021
284,351 300,563 314,887
> > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > >
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
$40,462
MEDIAN HOUSEHOLD INCOME, 2016
3.6%
UNEMPLOYMENT RATE, MAY 2017
8
2010 2016 2021
$41,462
MEDIAN HOUSEHOLD INCOME, 2016
3.6%
UNEMPLOYMENT RATE, MAY 2017
DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
$43,940
MEDIAN HOUSEHOLD INCOME, 2016
3.4%
UNEMPLOYMENT RATE, MAY 2017
Median household income, 2016 UNION COUNTY
POPULATION 2010 2016 2021
> > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
28,963 28,375 27,822
S.C. Average $43,198
$50,251 $44,067
$43,940 $37,718
$35,379
$39,607
$40,462 $41,462 $36,414
$33,630
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
$36,414
MEDIAN HOUSEHOLD INCOME, 2016
4.3%
UNEMPLOYMENT RATE, MAY 2017
ABBEVILLE
ANDERSON
CHEROKEE
GREENVILLE GREENWOOD
LAURENS
OCONEE
PICKENS SPARTANBURG
UNION
Source: U.S. Bureau of Economic Analysis
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Upstate Labor
Maintaining a skilled workforce is a challenge for most sectors of business and in most areas of the country. South Carolina and the Upstate are no different. According to Upstate SC Alliance, the Upstate has a labor force of 686,291 workers over 53,403 businesses, but companies continue to require a skilled workforce that is constantly evolving.
59% 27% 15% White Collar
Blue Collar
Services
EMPLOYMENT
BY INDUSTRY
There are many workforce sectors in the Upstate, but manufacturing leads the way in terms of numbers in the labor force. Industry % of labor force Manufacturing.....................................................19.47 Health Care/Social Assistance.............................13.11 Retail Trade.......................................................... 12.27 Educational Services............................................ 8.43 Accommodations/Food Service............................ 7.31 Construction......................................................... 6.32 Professional/Scientific/Tech................................ 5.42 Other Services...................................................... 4.46 Admin/Support/Waste Mgt.................................. 4.23 Wholesale Trade....................................................3.75
Unemployment has been low in the Upstate for some time, despite trends across the country. Most of the 10 counties have enjoyed employment rates below neighboring states. In fact, the Upstate’s average unemployment rate is below 5%, according to the S.C. Department of Employment and Workforce. Source: Upstate SC Alliance.
1 in 3
Source: Upstate SC Alliance.
The number of participating employers offering apprenticeship programs in more than one occupation. Source: Apprenticeship Carolina.
BEING WORK READY
According to ACT Work Ready Communities, South Carolina ranks No. 1 in the number of people per capita who have earned the National Career Readiness Certificate — a program used to verify work skills — with over 367,000 earning the certification. All 46 counties in the state have earned ACT Work Ready Community status.
100% 98% Maintained status 2015-17
Certified: 2014-16
97% Certified: 2014-16
93% Certified: 2014-16
92% Certified: 2015-17
91%
91%
Certified: 2014-16
Certified: 2014-16
Certified: 2014-16
Abbeville
Certified: 2015-17
89% Certified: 2015-17
69% Certified: 2016-18
Laurens
Pickens
Cherokee
Spartanburg
Source: ACT Work Ready Communities.
10
90%
DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
Anderson
Greenwood
Greenville
Oconee
Union
South Carolina annual patents granted 1,000
978
THE TREND:
971
PATENTS ON THE RISE
1,058
999
The dramatic rise of patents granted in South Carolina from 2010 - 2015 was the fastest percentage growth in the nation.
900
TOP STATES BY % GROWTH OF PATENTS GRANTED 2010 - 2015 62.3%
800
South Carolina
700
56.1%
45.0%
793
44.6%
South California Michigan Dakota
652
579
600
524 500
2008
2009
2010
2011
2012
2013
2014
2015
Source: S.C. Department of Commerce, The South Carolina Innovation Plan
Road Spending
Mean travel time to work in minutes
Road Tax Spending Covered by the State %
(includes state and local tolls, user fees and user taxes)
0
Road Tax Spending Covered by the State Rank 4
Florida
8
North Carolina
12
South Carolina
21
Tennessee
39 42 43
Georgia Alabama Virginia
67.8% 63.2% 59.7% 52.5% 39.6% 37.4%
Oconee Greenville Greenwood Spartanburg Anderson Pickens
Mississippi
21.6
22.4
23
23.2
25.1
37%
Laurens 44
21.1
36.2%
25.3 Source: 2015 5 Year American Community Survey
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| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT
11
State and local tax burdens State and Local Tax Burdens per Capita South Carolina Alabama
$2,936 $3,067
Florida
$3,738
Virginia
12
$4,420
$3,426
North Carolina
Tennessee
9.3% 9.8%
7.3%
8.4%
Georgia
Mississippi
U.S. Average
State and Local Tax Burdens as % of State Income
8.6%
8.7%
9.1%
U.S. Average
9.9%
$3,659 $2,742
8.9% $3,318 $4,623
DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
Source: Tax Foundation Report, FY 2012
SC Military Impact Study
Total Economic Impact
Other facts
$24.1 181,847 8.4% Billion
62,520
of SC economy
Jobs
Regional Impact
Number of Department of Defense personnel in S.C.
Rock Hill $526.4 Million 4,690 Jobs
Upstate $2.42 Billion 21,668 Jobs
Number of military veterans in S.C. Midlands $4 Billion 36,343 Jobs
Pee Dee $501.9 Million 4,471 Jobs Sumter $2.39 Billion 16,397 Jobs
Grand Strand $682.2 Million 6,092 Jobs
Aiken $802.1 Million 5,839 Jobs
Beaufort $2.2 Billion 27,285 Jobs
417,515 Number of defense contractors in S.C.
752
Charleston $10.6 Billion 67,108 Jobs
Source: S.C. Military Base Task Force Economic Impact Study, April 2017
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13
Gross Domestic Product by Metropolitan Area, 2007 - 2015
2007 GDP
46.6%
2015 GDP
25.2%
$80B
Measured in Billions of US Dollars
Percentage change from 2007-2015
$70B $60B $50B
26.7%
30.3%
39.5% $40B $30B
30.8%
27.3%
$29.4B $38.3B
$59.2B $74.1B
$30.3B $38.4B
Raleigh, NC
Greenville
Richmond, VA
Columbia
$17.0B
$51.7B $75.8B6
Charleston
$13.0B
$26.1B $36.4B
Asheville, NC
$13.2B
$10B
$16.8B
$20B
Savannah
Source: U.S. Department of Commerce Bureau of Economic Analysis
Unemployment in the Upstate counties 1
2
3
4
5
4.7
4.3
Spartanburg County
Installation, Maintenance, and Repair Life, Physical, and Social Science Business and Financial Operations Transportation and Material Moving
-1
Protective Service Construction and Extraction Management
5.5 7.4 4
Legal Production
-1.4
-0.9
5.2
Union County
14
Health Care Support Education, Training, and Library
-1.2
5.8 5.4
-1.9
-0.6
4.6 4.2 5
-0.8
4.8 5.6
12.7%
Community and Social Service
7.4% 6.5% 6.2% 4.8% 4.8%
Spartanburg, SC MSA
4.6 4.4
8
-1.1
5.8
Pickens County
Greenville-Anderson-Mauldin, SC MSA
-1.4 6.7
Oconee County
Greenwood County
7
5.3
Laurens County
Anderson County
6 6.1
Cherokee County
Fastest Growing Job Sectors
2017
12 Month Net Change
4.7
Abbeville County
Greenville County
2016
-0.8
DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
25.0% 12.8% 11.7% 8.8% 7.7% 6.7%
The value of winning a championship
BIG PAYOUTS There are some bowl games that have big payouts to conferences even though they don’t have a tie into the College Football Playoff. Here are some of the bigger bowl payouts, based on 2015-16 actuals:
The Clemson Tigers sit on the proverbial college football mountain after knocking off defending national champion Alabama in the 2017 College Football Playoff National Championship game on Jan. 9. Most may think the Tigers will get a big windfall from claiming the title, but most would also be surprised to find out there is no direct impact to Clemson from the game itself. Instead, conferences
Citrus Bowl
get payouts from the College Football Playoff, who then distribute the money to teams.
Orlando, Florida
$8,883,996
PLAYOFF POOL Under the guidelines of the College Football Playoff, conferences get $6 million for each team selected into the playoff and another $4 million for each team in a non-playoff bowl (in 2016-17, the Sugar, Rose and Cotton bowls).
Alamo Bowl
$14
$15 MILLION
$10
San Antonio, Texas
$7,575,000
$10
$10 MILLION $5 MILLION
Runner up Louisville
Winner LSU
$4
$4
Runner up Colorado
Winner Oklahoma State
$6
Outback Bowl Tampa, Florida
MAC: WESTERN MICHIGAN (COTTON)
BIG 12: OKLAHOMA (SUGAR)
PAC-12: WASHINGTON (PLAYOFF), USC (ROSE)
ACC: CLEMSON (PLAYOFF)
SEC: ALABAMA (PLAYOFF), AUBURN (SUGAR)
BIG TEN: OHIO STATE (PLAYOFF), WISCONSIN (COTTON), PENN STATE (ROSE)
$6,443,520 Runner up Iowa
Winner Florida
Source: 2016-2017 College Football Bowl Game Schedule at collegefootballpoll.com.
Source: College Football Playoff Revenue-Distribution Policies at collegefootballplayoff.com.
Annual economic impact of the state’s aerospace industry
5 largest U.S. trading partners in 2016
$2 billion
Imports
Exports
Total
the increase of the economic impact of the S.C. aerospace since last measured in 2014 TOTAL $578.6B TOTAL $544.9B
$500 Billion
TOTAL $525.1B
TOTAL $195.5B
$250 Billion
For every 10 jobs created
in the private sector of the aerospace cluster...
TOTAL $163.6B
$125 Billion
$50 Billion
China
Canada
Mexico
Japan
Germany
...another 13 jobs
are created across the state SOURCE: S.C. Council on Competitiveness
Source: Perspective: The Impact of Trade Policy on the Industrial Market, Cushman & Wakefield.
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| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT
15
EDUCATION
T
he Upstate offers a richly textured landscape of higher education opportunities that range from private colleges such as Furman University, Limestone College, 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, and Greenwood has state-assisted Lander University. SECTION SPONSOR
16
EDUCATION | www.gsabusiness.com
FAST FACTS » $50,884
The average teacher salary in Spartanburg District 7 — the highest average in the Upstate. PAGE 18
» $171.2M
Total amount of research and development expenditures at Clemson University in 2015. PAGE 20
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| EDUCATION
17
DISTRICT DATA
OCONEE
4
1 4 5 ANDERSON
Average Teacher Salary...................$46,752 Enrollment............................................ 3,063 Per Pupil Expenditure........................$9,630 SAT Score 2016........................................1376
Average Teacher Salary.................. $48,861 Enrollment............................................. 9,743 Per Pupil Expenditure..................... $7,728 SAT Score 2016.......................................1484
ANDERSON 2
UNION
55 2
LAURENS 56
3
ANDERSON 1
CHEROKEE
2 7 SPARTANBURG 3 5 6
PICKENS
2015-2016 teacher pay, per pupil, and enrollment
ABBEVILLE
1
GREENVILLE
51 ABBEVILLE
Average Teacher Salary....................$47,315 Enrollment............................................ 3,838 Per Pupil Expenditure........................ $8,672 SAT Score 2016........................................1416
50
52 GREENWOOD
Lowest per pupil expenditure in the Upstate
ANDERSON 3
ANDERSON 4
ANDERSON 5
CHEROKEE
GREENVILLE
GREENWOOD 50
GREENWOOD 51
GREENWOOD 52
Average Teacher Salary................. $46,590 Enrollment.............................................2,632 Per Pupil Expenditure........................$8,986 SAT Score 2016....................................... 1407
Average Teacher Salary....................$49,112 Enrollment............................................76,153 Per Pupil Expenditure........................ $8,579 SAT Score 2016.......................................1483
LAURENS 55
Average Teacher Salary...................$45,874 Enrollment.............................................6,014 Per Pupil Expenditure........................ $9,394 SAT Score 2016....................................... 1356
Average Teacher Salary..................$49,885 Enrollment.............................................2,870 Per Pupil Expenditure.......................$10,678 SAT Score 2016........................................1501
Average Teacher Salary................... $47,647 Enrollment..............................................9,101 Per Pupil Expenditure........................ $9,239 SAT Score 2016........................................1421
LAURENS 56
Average Teacher Salary...................$47,635 Enrollment.............................................3,097 Per Pupil Expenditure....................... $10,441 SAT Score 2016.................................. 1279
Average Teacher Salary...................$48,135 Enrollment........................................... 12,925 Per Pupil Expenditure...................... $9,114** SAT Score 2016....................................... 1432
Average Teacher Salary.............. $44,837 Enrollment.......................................... 961 Per Pupil Expenditure........................ $10,115 SAT Score 2016........................................1351
Lowest Average Teacher Salary and lowest enrollment in the Upstate
OCONEE
Average Teacher Salary..................$49,823 Enrollment........................................... 10,422 Per Pupil Expenditure.......................$10,738 SAT Score 2016........................................1501
Lowest SAT Score 2016 in the Upstate
Average Teacher Salary..................$48,602 Enrollment............................................. 8,971 Per Pupil Expenditure........................$9,590 SAT Score 2016....................................... 1383
Average Teacher Salary..................$49,549 Enrollment............................................. 1,662 Per Pupil Expenditure........................$9,666 SAT Score 2016.......................................1366
PICKENS
Average Teacher Salary................. $48,506 Enrollment...........................................16,540 Per Pupil Expenditure..........................$8,116 SAT Score 2016.................................. 1515 ww SAT Score 2016 in the Upstate
SPARTANBURG 1
SPARTANBURG 2
SPARTANBURG 3
SPARTANBURG 4
SPARTANBURG 5
SPARTANBURG 6
SPARTANBURG 7
UNION
Average Teacher Salary..................$48,907 Enrollment.............................................5,027 Per Pupil Expenditure........................ $9,463 SAT Score 2016........................................1457
Average Teacher Salary.................. $50,218 Enrollment..............................................8,179 Per Pupil Expenditure........................ $9,329 SAT Score 2016....................................... 1432
Average Teacher Salary................. $50,063 Enrollment...........................................10,027 Per Pupil Expenditure........................ $8,703 SAT Score 2016.......................................1450
Average Teacher Salary..................$48,869 Enrollment............................................. 11,122 Per Pupil Expenditure........................ $9,494 SAT Score 2016....................................... 1422
Average Teacher Salary..................$50,345 Enrollment............................................ 2,904 Per Pupil Expenditure.........................$11,011 SAT Score 2016.......................................1406
Average Teacher Salary............. $50,884 Enrollment.............................................7,054 Per Pupil Expenditure................... $13,812 SAT Score 2016.......................................1505
Average Teacher Salary...................$49,915 Enrollment............................................ 2,835 Per Pupil Expenditure.........................$8,474 SAT Score 2016.......................................1490
Average Teacher Salary................. $46,809 Enrollment............................................4,089 Per Pupil Expenditure.........................$8,491 SAT Score 2016.......................................1280
Highest average teacher salary and highest per pupil expenditure in the Upstate *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
18
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
6.9%
4.0%
11.1%
8.3%
12.3%
31.6% 7.3%
21.9% 4.5%
20.4%
9.7%
Abbeville
Anderson
30.6% 19.0%
8.9%
32.1%
31.9%
9.3%
8.0%
4.7% 15.7%
10.3%
9.4%
– TOTAL PERCENTAGE
40.0%
28.9% 21.7%
– GRADUATE OR PROFESSIONAL DEGREE
13.9%
8.5%
8.6%
Cherokee
Greenville
Greenwood
4.7%
13.2%
13.2%
4.7%
8.5%
9.6%
10.0%
8.8%
Laurens
Oconee
Pickens
Spartanburg
Union
8.9%
9.6%
7.1%
22.4%
Source: U.S. Census Bureau, American Community Survey
College Tuition Costs
Total R&D expenditures at universities and colleges in S.C., 2015
For selected S.C. public colleges and universities
$14,318 $14,118
Academic institution
$11,856 $11,734 $11,386
CLEMSON UNIVERSITY
**MEDICAL UNIVERSITY OF SOUTH CAROLINA
*USC COLUMBIA
THE CITADEL
COLLEGE OF CHARLESTON
$10,876 $10,420
COASTAL CAROLINA
SC STATE
Source: SC Commission on Higher Education for public universities * Excludes medicine, law and pharmacy ** Excludes medicine, dentistry and pharmacy; includes nursing and health professions only
20
EDUCATION | www.gsabusiness.com
Total R&D expenditures in all fields
Medical University of South Carolina
$243,534,000
University of South Carolina
$210,782,000
Clemson University
$171,215,000
Winthrop University
$10,156,000
South Carolina State University
$12,607,000
College of Charleston
$10,607,000
Benedict College
$1,373,000
Coastal Carolina University
$1,862,000
Claflin University
$1,255,000
Furman University
$1,928,000
Source: National Center for Science and Engineering Statistics
Colleges and Universities Ranked by 2016 Fall Total Enrollment School
Phone / Website Email
Administrator(s) / Year Founded
Total Enrollment
Faculty / Total Employees
Public/Private
Top Three Undergraduate Majors, by Enrollment
Clemson University Graduate School E108 Martin Hall Clemson, SC 29634
864-656-7420 www.clemson.edu/graduate jwm@clemson.edu
James P. Clements 1889
23,202
1,493 5,219
Public
Biological Life Sciences Engineering Business
Greenville Technical College 738 South Pleasantburg Drive Greenville, SC 29607
864-250-8000 www.gvltec.edu inforequest@gvltec.edu
Keith Miller 1962
12,586
748 1,411
Public
University Transfer Management Nursing
Tri-County Technical College 7900 U.S. Highway 76 Pendleton, SC 29670
864-646-8361 www.tctc.edu info@tctc.edu
Ronnie L. Booth 1962
6,128
250 323
Public
Associate in Arts Associate in Science Nursing
University of South Carolina Upstate 800 University Way Spartanburg, SC 29303
864-503-5246 www.uscupstate.edu info@uscupstate.edu
Mary Anne Fitzpatrick 1967
5,961
254 556
Public
Nursing Business Administration Experimental Psychology
Piedmont Technical College 620 N. Emerald Road Greenwood, SC 29648
800-868-5528 www.ptc.edu info@ptc.edu
Ray Brooks 1966
4,907
114 264
Public
Associate in Business Associate in Nursing University Transfer
Anderson University 316 Boulevard Anderson, SC 29621
864-231-2000 www.andersonuniversity.edu webmaster@andersonuniversity.edu
Evans P. Whitaker 1911
3,923
130 455
Private
Business Education Visual and Performing Arts
Furman University 3300 Poinsett Highway Greenville, SC 29613
864-294-2000 www.furman.edu web@furman.edu
Elizabeth Davis 1826
2,986
230 850
Private
Health Sciences Business Administration Political Science
Limestone College 1115 College Drive Gaffney, SC 29340
864-489-7151 www.limestone.edu admiss@limetone.edu
Walt Griffin 1845
2,876
97 349
Private, Public
Business Administration Physical Education Sports Management
Bob Jones University 1700 Wade Hampton Blvd. Greenville, SC 29614
864-242-5100 www.bju.edu info@bju.edu
Stephen Pettit, Gary Weier, Marshall Franklin, Sam Horn 1927
2,862
224 997
Private
Business Administration Nursing Accounting
Lander University 320 Stanley Ave. Greenwood, SC 29649
864-388-8307 www.lander.edu admissions@lander.edu
Richard E. Cosentino 1872
2,774
137 402
Public
Business Administration Education Nursing
North Greenville University T. Walter Brashier Graduate School 405 Lancaster Avenue Greer, SC 29650
864-877-3052 www.ngu.edu gradschool@ngu.edu
Randall J. Pannell 1892
2,537
20 387
Private
Business Administration Sport Management Biology
Southern Wesleyan University 907 Wesleyan Drive Central, SC 29630
864-644-5556 www.swu.edu admissions@swu.edu
Todd S. Voss 1906
1,688
56 212
Private
Business Administration Elementary Education Biology and Pre-Med
Wofford College 429 N. Church St. Spartanburg, SC 29303
864-597-4000 www.wofford.edu admission@wofford.edu
Nayef H. Samhat 1854
1,650
141 413
Private
Biology Business Economics English
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by GSA Business Report staff
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 flin el ute on cal sto Cla rsity stit n hni rlest rle nivers itad n c a C I e h e a o T C nU h iv The Art lest ITT –N. C Un her The Char t e u t o u S of tit Ins
of son sity lina lem ity r C e o iv The 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
e f ty oun eo leg rsi alh n leg Col ive lina C . n – h Col rlesto U g c e aro cal bur lleg e Te ton edi uth C Cha ott arles nge h. Co M a M r o O Tec Ch ler of S Mil – N.
Source: U.S. Department of Education, College Scorecard
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| EDUCATION
21
South Carolina Technical College System, by the numbers
117,485
Degrees awarded by public research institutions
111,563
Annualized Enrollment in Credit Programs
– University of South Carolina, Columbia – Clemson University
Annualized Enrollment in Non-Credit Programs
57%
96%
4,732
5,210
5,087
5,702
5,564
4,000
were placed in a job related to their education or they are continuing their studies and furthering their education.
39+61
7,470
7,241
6,000 4,518
87%
Female
7,161
7,041
of our students are South Carolina residents.
8,059
8,004 8,000
of all South Carolinians enrolled as undergraduates in South Carolina’s public higher education attend one of our 16 colleges.
61%
– Medical University of South Carolina
2,000
39% Male
797
793
877
0 2010 – 2011
2011 – 2012
2012 – 2013
Source: South Carolina Commission on Higher Education
929
937
2013 – 2014
2014 – 2015
1,022
2015 – 2016
Source: South Carolina Commission on Higher Education
ACT results for S.C. students in 2016 % who met benchmarks in all Race/ethnicity
Number of students tested
% of total students
disciplines*
Average ACT scores**
All students
51,098
100%
14%
18.5
Black/African American
14,786
29%
2%
15.4
247
<1%
6%
16.3
White
26,458
52%
21%
20.3
Hispanic/Latino
3,551
7%
9%
17.6
Asian
755
1%
33%
22.0
Native Hawaiian/Other Pacific Islander
75
<1%
8%
17.2
Two or more races
2,095
4%
14%
18.8
Prefer not to respond/No response
3,131
6%
12%
17.6
American Indian/Alaska Native
Top 5 college majors that interest S.C. high school students
1. Health science and technologies (19%)
22
2. Business (8%)
*Disciplines are English, mathematics, reading and science. **Maximum score is 36.
EDUCATION | www.gsabusiness.com
3. Engineering (8%)
4. Arts: Visual and performing (7%)
5. Social sciences and law (6%)
S.C. High school graduation rates - All Public School Students
- Low Income Students
- Children with Disabilities
100% THE TREND:
GRADUATION RATES CLIMBING
90%
80% 74.0%
70%67.0%
77.6% 75.0% 68.0%
70.5%
80.1% 72.5%
80.3% 73.5%
Income level and heath have a negative impact on the likelihood of a child to graduate high school in South Carolina. Children with disabilities have seen the largest increase in graduation rate. PERCENTAGE INCREASE OF GRADUATION RATE FROM 2010-11 TO 2014-15
10.0%
60% 49.0%
50% 39.0%
40%
30%
2010-11
40.0%
2011-12
43.2%
43.2%
2012-13
2013-14
6.3%
6.5%
2014-15 Sources: Governing.com, U.S. Department of Education
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| EDUCATION
23
MEDICAL & HEALTH CARE
H
ealth care is a focus of not only hospitals but community organizations in the Upstate. Recent findings by the Robert Wood Johnson Foundation found that five of the 10 Upstate counties were in the top 15 in South Carolina for positive health outcomes. Greenville, Pickens, Oconee, Spartanburg and Anderson counties all achieved high rankings for health outcomes and quality of life. A lot of that is due to the abundant health care options residents in the Upstate have access to. 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.
FAST FACTS Âť4
The number of Upstate counties that are below the national average of adults considered obese. Greenville, Oconee, Pickens and Spartanburg counties are under the 31% national average. PAGE 28
Âť 42
South Carolina's overall health ranking out of 50 states, according to research from the Robert Wood Johnson Foundation. PAGE 30
SECTION SPONSOR
24
MEDICAL & HEALTH CARE | www.gsabusiness.com
UPSTATE SOUTH CAROLINA COUNTIES
HEALTH FACTORS RANKINGS Health outcomes ranking
Ranking out of 46 counties, higher number equals poorer health outcomes BETTER
WORSE
4
9
Greenville
12
Pickens
14
Oconee
15
Spartanburg
Anderson
23
24
Abbeville
Greenwood
29
30
Cherokee
36
Laurens
Union
Premature deaths
Numbers of Premature Deaths per 100,000
Years of potential life lost before age 75 per 100,000 population (age-adjusted) 12,000 11,000 10,000 9,000 8,000
U.S. Median
7,000 6,000
Greenville
Spartanburg
Oconee
Pickens
Greenwood
Anderson
Abbeville
Cherokee
Laurens
Union
Quality of life ranking
Ranking out of 46 counties, higher number equals poorer health outcomes BETTER
WORSE
3
9
Greenville
Pickens
11
12
Anderson
Oconee
16
Spartanburg
Percentage of low birthweight babies born
24
Abbeville
Laurens
25
Greenwood
34
Cherokee
36
Union
Percentage of adults reporting fair or poor health (age-adjusted)
13%
20%
12%
19% 18%
11%
17%
10%
16%
9%
Source: Countyhealthrankings.org, a Robert Wood Johnson Foundation program
MEDICAL & HEALTH CARE | www.gsabusiness.com
Union
Laurens
Greenwood
Cherokee
Spartanburg
Abbeville
Oconee
Anderson
Pickens
Greenville
Union
Cherokee
Spartanburg
Laurens
Greenwood
Pickens
13% Greenville
7% Anderson
14% Abbeville
8%
Oconee
U.S. Median
15%
U.S. Median
26
19
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| MEDICAL & HEALTH CARE
27
UPSTATE SOUTH CAROLINA COUNTIES HEALTH FACTORS RANKINGS (CONTINUED)
Health behaviors ranking
Ranking out of 46 counties, higher number equals poorer health outcomes BETTER
WORSE
2
4
Greenville
7
Oconee
11
Pickens
Spartanburg
16
Anderson
22
24
Abbeville
Percentages of adults who smoke
Greenwood
30
35
Union
37
Laurens
Cherokee
Percentage of adult population that is obese
U.S. Median
42%
Greenville
40%
Oconee
38%
28%
Laurens
26%
Cherokee
10%
12%
14%
16%
18%
20%
22%
Laurens
Union
Union
30%
Cherokee
Spartanburg
U.S. Median
Abbeville
32%
Greenwood
Greenwood
Anderson
34%
Spartanburg
Anderson
Pickens
36%
Greenville
Abbeville
Oconee
Pickens
Clinical care ranking
Ranking out of 46 counties, higher number equals poorer health outcomes BETTER
WORSE
3
Greenville
5
9
Greenwood
16
Pickens
Oconee
18
Abbeville
20
Spartanburg
24
Anderson
Ratio of population to primary care physicians
Laurens
31
Union
Cherokee
7,000:1
U.S. Median
6,000:1
2,000:1
5,000:1
1,500:1
4,000:1
1,000:1
3,000:1 U.S. Median 2,000:1
500:1
1,000:1
Source: Countyhealthrankings.org, a Robert Wood Johnson Foundation program
MEDICAL & HEALTH CARE | www.gsabusiness.com
Abbeville
Union
Cherokee
Laurens
Anderson
Oconee
Spartanburg
Greenwood
Greenville
Cherokee
Union
Abbeville
Laurens
Oconee
Anderson
Spartanburg
Pickens
Greenwood
1:1 Greenville
1:1
28
29
Ratio of population to dentists
Pickens
2,500:1
28
BUYING THE AFFORDABLE CARE ACT
32+68
South Carolina figures for the November 1, 2016 - January 31, 2017 enrollment period
230,211
68%
TOTAL MARKETPLACE USERS
RE-ENROLLEES
88%
32%
NEW CUSTOMERS
70%
RECEIVING ADVANCE PREMIUM TAX CREDITS
RECEIVING COST SHARING REDUCTIONS Source: Kaiser Family Foundation State Marketplace Statistics
Top 10 leading causes of death in Upstate South Carolina , 2014 Total deaths
1. Heart disease 2. Cancer 3. Chronic lower respiratory diseases 4. Accidents 5. Cerebrovascular disease 6. Alzheimer’s disease 7. Diabetes 8. Influenza/pneumonia 9. Suicide 10.Septicemia
2,944 2,843 908 805 689 638 416 273 257 227
Rankings are from highest to lowest DHEC Health Region includes Abbeville. Anderson, Cherokee, Greenville, Greenwood, Laurens, McCormick, Oconee, Pickens, Spartanburg, Union Source: SCDHEC Vital Records; Generated by Division of Chronic Disease Epidemiology 2014 For methodology of ranking, see Technical Document: http://www.scdhec.gov/health/docs/EpiTechNotes.pdf
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| MEDICAL & HEALTH CARE
29
SOUTH CAROLINA'S Overall Health Ranking
42
Numbers shown are S.C.'s rankings among 50 states; No. 1 is best, 50 is worst. Ranking on obesity has improved, and infant mortality rate has decreased.
2014
2016
2015
50
40
30
20
10
0 r
ce
can
s ath de ova i d car
r
la scu
s ath de lt
u ad
h wit
tes be
dia
in
Source: americashealthrankings.org
30
0
0 1,0 r e s p rths h t i a de live b t fan
MEDICAL & HEALTH CARE | www.gsabusiness.com
lts
es ob
du ea
h n k hig no h rin o l t i s d o c s r li e s w er ub er pe 2016 le ation ing p b ult olest b a d z n t li i t p in o a ch wh venspita .03 spen care e s 5 t r p ho ul $6 ney alth ad e o h m
FINANCE
F
inancial institutions in the Upstate had continued success over the course of the last year. Deposits totaled $23.4 billion, up from $22.3 billion in 2015. Five counties in the Upstate had deposits total more than $1 billion as of June 30, 2016. Credit unions in the Upstate also had marked success. According to Credit Union National Association, credit unions in the Upstate had more than 150,000 members and nearly $1 billion in assets. Four Upstate credit unions had assets over $100 million. The net income for South Carolina insured institutions did drop by $13 million from 2015 to 2016.
FAST FACTS Âť $23.4B
The total value of all deposits in Upstate banking institutions as of June 20, 2016. PAGE 35
Âť -23.8%
The change in the total assets for all reporting South Carolina financial institutions from 2014 to 2016. PAGE 34
SECTION SPONSOR
32
FINANCE | www.gsabusiness.com
South Carolina banking performance All insured institutions
76+24
Total assets $40B
Number of institutions reporting THE TREND:
-23.8% decrease in
Mergers and aquisitions in the banking industry have led to a decrease in the number of institutions in the last three years.
total assets
$36.9B
$30B
CONSOLIDATION IN BANKING
$27.7B
65
$28.1B
60
56
2015
2016
$20B 2014
Percent of unprofitable institutions
$10B
0
2014
2015
2016
12.3+87.7 8.3+91.7 12.5+87.3 12.3%
8.3%
12.5%
2014
2015
2016
Net Income of South Carolina Insured Institutions
$263M
$250M $200M $150M
$250M
$170M
$149M
$148M
2012
2013
$100M $50M
$2M
0 -$50M -$100M -$150M
-$111M 2010
2011
2014
2015
2016
Source: Federal Deposit Insurance Corporation, Division of Insurance and Research
34
FINANCE | www.gsabusiness.com
Upstate banks by county As of June 30, 2016
Deposits
Number of Offices
$10.5B
$10B
$8B
200
$23.4 billion
159
160
Total value of deposits in all the Upstate
$6B
120
$5.0B
$4B
80
67 $2.6B
55
$2B
$0
$1.8B
Greenville Spartanburg
Anderson
31
Pickens
40 $1.2B 24
Oconee
$881M 15 Greenwood
$490M 12 Laurens
$485M 10 Cherokee
$280M 9 Union
$214M 7 Abbeville
0
Source: Federal Deposit Insurance Corporation
www.gsabusiness.com |
FINANCE
35
The Upstate’s largest credit unions Assets and number of members as of Q1 2017, the latest data available $400,000,000
$369,921,035
MEMBERS
56,027
$350,000,000
$300,000,000 $221,838,836
27,110
$250,000,000
$175,697,002
17,050
$200,000,000 $106,116,797
$150,000,000
14,226
$94,573,589
12,801
$94,003,037
13,297
$79,718,712
6,899
$55,645,998
10,834
$100,000,000
$50,000,000
S.C. Telco Federal Credit Union
Greenville Federal Credit Union
MTC Federal Credit Union
Carolina Foothills Federal Credit Union
Greenville Heritage Federal Credit Union
Anderson Federal Credit Union
Secured Advantage Federal Credit Union
Upstate Federal Credit Union Source: National Credit Union Administration
S.C. venture capital funding 2013 was the first year that S.C. offered the Angel Investor Tax Credit
NO. OF VENTURE CAPITAL DEALS
As South Carolina continues to attract entrepreneurs interested in technology, high-end manufacturing and business services, the amount of venture capital flowing into the state also has increased, with more deals and larger investments over the past five years.
FUNDING TOTAL
20
$100M $80M
15
$60M 10 $40M 5 0
$20M 2008
2009
2010
2011
2012
2013
2014
2015
$0
THE TREND:
VENTURE CAPITAL IS RISING A momentum in capital indicates that entrepreneurialism is increasing across the state. AVERAGE NUMBER OF DEALS
4
2001-2009
7
2010-2015
AVERAGE WORTH OF DEALS
$20.7M 2001-2009
$52.2M 2010-2015
Sources: S.C. Department of Commerce, The South Carolina Innovation Plan; PwC/NVCA MoneyTree Report; Thomson Reuters
36
FINANCE | www.gsabusiness.com
South Carolina Angel Investor Tax Credit
To qualify for the credit, an angel investor must make an investment in a company prequalified by the S.C. Secretary of State. Companies that qualify • Less than five years old • Headquartered in South Carolina • 25 or fewer employees • Gross income under $2 million in any previous fiscal year • Engaged in manufacturing, processing, warehousing, wholesaling, software development, IT services, R&D, and certain service-related facilities • Complete an application with the Secretary of State and receive approval prior to receiving a qualifying investment Angel investor requirements • Accredited per SEC rules • Make the investment after the company has been qualified by the S.C. Secretary of State • Apply for the credit prior to Dec. 31 of the year in which the investment is made • File a tax credit form with your tax return
Qualifying tax credits for investors • Equal to 35% of the investment amount (e.g. a $10,000 investment would be eligible for up to a $3,500 credit) • Can be taken up 50% in the year of the investment, with the remainder available in subsequent years (up to 10 years from the year of investment) • Maximum of $100,000 for a single taxpayer in a single tax year — so an individual investor can claim a tax credit for up to $285,714 of qualified investments in a single year ($285,714 times 35% = $100,000). Married taxpayers can take $100,000 each. • Eligible to be carried forward for up to 10 years if not used • Can be sold, exchanged or transferred, but only once. Non-South Carolina investors (with no state income tax liability) or in-state investors that cannot use the credit can sell their credit to a South Carolina taxpayer. Source: South Carolina Angel Network
Banks
Ranked by Market* Share Institution
Phone / Website
Top Local Official(s) / Year Founded
Wells Fargo & Co. 15 S. Main St., Greenville, SC 29601
800-869-3557 www.wellsfargo.com
Bank of America N.A. 101 N. Main St., Greenville, SC 29609
Market Share
Market Deposits
Market Branches
Ethan Burroughs, Brian A. Rogers 1852
15.64%
$3,671,042,000
43
864-271-5787 www.bankofamerica.com
Stacy Brandon, Scott Mitchell 1904
11.90%
$2,793,817,000
26
BB&T (Branch Banking & Trust Co.) 301 College St., Greenville, SC 29601
864-242-8000 www.bbt.com
Natalie Ruggiero 1872
11.37%
$2,669,160,000
36
SunTrust Bank 300 E. McBee Ave., Greenville, SC 29601
864-255-7127 www.suntrust.com
David Torris 1891
9.54%
$2,240,195,000
27
TD Bank N.A. 104 S. Main St., Greenville, SC 29601
864-552-9025 www.tdbank.com
David Lominack 1852
7.23%
$1,696,691,000
24
First Citizens Bank & Trust Co. Inc. 325 W. McBee Ave., Greenville, SC 29601
864-255-3700 www.firstcitizensonline.com
Jimmy Gulledge 1913
6.40%
$1,502,907,000
36
United Community Bank 550 S. Main St., Greenville, SC 29601
864-250-7656 www.ucbi.com
H. Lynn Harton, Michelle Seaver 1950
4.58%
$1,074,510,000
25
South State Bank 200 E. Broad St. , Greenville, SC 29601
864-250-4455 www.southstatebank.com
Jay Reagan, Rhett Baker 1934
4.02%
$943,106,000
13
Southern First Bank 100 Verdae Blvd., Suite 100, Greenville, SC 29607
864-679-9000 www.southernfirst.com
R. Arthur Seaver Jr. 2000
2.64%
$618,817,000
4
Bank of Travelers Rest 42 Plaza Drive, Travelers Rest, SC 29690
864-834-9031 www.bankoftravelersrest.com
R. Bruce White 1946
2.35%
$551,644,000
10
Park Sterling Bank 300 N. Main St., Suite 203, Greenville, SC 29601
864-941-8200 www.parksterlingbank.com
E. Dixon Harrill Jr., Phil Livingston, Taylor Stokes 2006
2.16%
$507,053,000
16
Carolina Alliance Bank 200 S. Church St., Spartanburg, SC 29306
864-208-2265 www.carolinaalliancebank.com
John S. Poole 2007
1.83%
$429,200,000
6
*Market includes Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union counties. Source: Federal Deposit Insurance Corp. deposit market share report as of June 30, 2016. Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-business-lists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by GSA Business Report staff
www.gsabusiness.com |
FINANCE
37
BANKING BY COUNTY Oconee
Counties of the
UPSTATE
Oconee Federal Savings....$288.5 million Wells Fargo Bank...............$200.5 million Community First Bank.......$189.2 million Blue Ridge Bank..................$96.9 million First Citizens Bank & Trust..$91.9 million
Pickens
TD Bank............................$377.2 million Wells Fargo Bank...............$358.1 million SunTrust Bank...................$259.6 million The Peoples Bank..............$246.9 million Branch Banking & Trust Co...........$244.1 million
Abbeville
Abbeville First Bank.............$55.2 million First Citizens Bank & Trust..$52.8 million Park Sterling Bank...............$50.6 million The Commercial Bank.........$33.8 million United Community Bank......$22.1 million
Greenwood
Countybank.......................$263.4 million Wells Fargo Bank...............$206.3 million Park Sterling Bank.............$129.5 million United Community Bank......$98.7 million First Citizens Bank & Trust..$94.9 million
Wells Fargo Bank....................$1.9 billion Bank of America.....................$1.7 billion Branch Banking and Trust Co..$1.3 billion TD Bank............................$901.4 million Southern First Bank...........$618.8 million
Spartanburg
Wells Fargo Bank...............$282.4 million Branch Banking & Trust Co..$268.5 million Bank of America................$249.3 million First Citizens Bank & Trust.$203.2 million SunTrust Bank...................$179.8 million
Anderson
Greenville
SunTrust Bank........................$1.2 billion Branch Banking & Trust Co..$763.8 million Wells Fargo Bank...............$520.6 million First Citizens Bank & Trust.$467.7 million Bank of America................$467.1 million
M
ost of us have a favorite bank we do business with. Whether it’s because the bank has a branch close to where we live or we experience the best customer service at our bank of choice, there are a lot of options across the region. We look at the top five Federal Deposit Insurance Corporation-insured institutions in each of the 10 Upstate counties. We show deposits inside the market as of June 30, 2016, the last available data.
Cherokee
First Piedmont Federal.......$188.2 million Bank of America..................$85.1 million Yadkin Bank........................$80.3 million Wells Fargo Bank.................$57.5 million United Community Bank......$49.9 million
Union
Arthur State Bank..............$131.8 million Park Sterling Bank.............$108.9 million Wells Fargo Bank.................$37.9 million Woodforest National Bank.........$887,000
*Only four FDIC institutions in Union County.
Laurens
United Community Bank....$168.8 million TD Bank..............................$99.6 million Arthur State Bank................$63.5 million Park Sterling Bank...............$48.6 million SunTrust Bank.....................$40.5 million
Source: Federal Deposit Insurance Corp.
38
FINANCE | www.gsabusiness.com
International Companies
Upstate
The Upstate has prided itself on having a diverse economic background that includes investment from all over the world. below we take a look at some of the foreign investments made in the region.
ABBEVILLE
Country: Canada Company: Advanced Manufacturing & Power Systems, Inc. Description: High-quality generator enclosures
Country: Italy Company: Prysmian Cables and Systems Usa, LLC Description: Produces insulated high voltage cables
ANDERSON
Country: Sweden Company: Electrolux Description:Top-freezer refrigerators and under-the counter refrigerators
Country: Belgium Company:Safelite AutoGlass Description: Automotive glass replacement shops
Country: Switzerland Company: Nestle Prepared Foods Division Description: Frozen specialties
Country: Japan Company: Suminoe Textile Ltd. Description: Textile products for the automotive industry including fabrics and carpet
Country: Austrailia Company: Alexium Description: Chemical solutions for the military and commercial sectors.
Country: Canada Company: Bausch & Lomb Inc. Description: Ophthalmic goods; pharmaceutical preparations.
Country: Japan Company: Teijin Ltd. Description: Carbon fiber for automotive, aerospace, and industrial markets
Country: Italy Company: Miracle-Ear Center Amplifon S.p.A. Description: Hearing test services
CHEROKEE
11
21
219
179
16
GREENVILLE
10 67
32 4
GREENWOOD
30 LAURENS
County
Number of companies
Greenville 219
Spartanburg 179 Anderson 67 Laurens 32 Greenwood 30 Cherokee 21 Oconee 16 Pickens 11 Union 10 Abbeville 4
OCONEE
PICKENS
SPARTANBURG
UNION
Country: Germany Country: Canada Company: DHL Supply Chain Company: TD Bank Description: Freight transpor- Description: Commercial Bank tation arrangement, logistics services
Country: Germany Company: BASF Catalysts LLC Description: Supplier of environmental and process catalysts Country: Japan Company: Ricoh Usa, Inc. Description: Printing services
Country: France Company: Schneider Electric Description: Switchgear and switchboard apparatus
Country: Denmark Company: ComatrolDanfoss Description: Cartridge Valves and Hydraulic Integrated Circuits
Country: Germany Company: BMW Manufacturing Corp. Description: Automobile manufacturer
Country: Switzerland Company: Hudson Group Description: Books, Magazines, and Concessions
Country: Spain Company: GES Recycling Description: Metal recycling and other auxiliary services for the manufacturing.
Country: Canada Company: Resolute Forest Products Inc. Description: Pulpwood
Source: Upstate SC Alliance | Last Updated:1/30/17
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FINANCE
39
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. From 2011 to 2016, the average rent rose from $684 per month to more than $900 in the Greenville-Spartanburg-Anderson market. Median home prices in the Upstate have also increased. In Greenville for example, the median home price went from $170,000 in 2015 to $180,000 in 2016. All signs point to a robust residential housing market across the Upstate. Vacancy rates in the office, industrial and retail verticals have maintained a steady pace over the last four years in the Upstate.
FAST FACTS Âť $145,000
The median price for a home in Spartanburg in 2016. PAGE 42
Âť $905
The average monthly rent for apartments in the Greenville-Spartanburg-Anderson area market in 2016. PAGE 44
SECTION SPONSOR
40
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.
Area historical median home prices
– Western Upstate
– Spartanburg
– Greater Greenville
$200K
$180K
$180K $170K $160K
$160K $154K
$140K
$137K
$134K
$145K
$135K $125K
$125K
$120K
$151K
$150K
$148K
$123K $119K
$100K
2012
2013
2014
2015
2016
Total closed sales
Days on market
Percent condos
Year end 2016 data
Year end 2016 data
Year end 2016 data
12,505
116
7.4%
7.3%
88 4,862
Western Upstate
42
61
4,612
Spartanburg
Greater Greenville
REAL ESTATE | www.gsabusiness.com
Western Upstate
Spartanburg
Greater Greenville
3.1%
Western Upstate
Spartanburg
Greater Greenville
Source: South Carolina Association of Realtors, 2016 Annual Report
Median sales price for foreclosures, 2009-2016 Year end 2016 data
Cherokee
Greenville
Laurens
Spartanburg
Pickens
$175,000 $150,000 $125,000 $100,000 $75,000 $50,000 $25,000
2009
2010
2011
2012
2013
2014
2015
2016 Source: RealtyTrac
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| REAL ESTATE
43
Greenville-Spartanburg-Anderson area apartment market Average monthly rent
Apartment Units Under Construction
THE TREND:
$900
4,000
THE PEAK
$850
From Nov. 2011 to Nov. 2016 the average rent rose from $684 to $905.
3,500
$825
PERCENTAGE GROWTH IN RENT FROM NOV. 2011 - NOV. 2016
apartment units under construction in Nov. 2015
3,000
32.3%
2,500
RISING RENT
$800 $775 $750
32+68
3,896
2,000 1,500
$725
1,000
$700
500
$675 $650 Nov. 2011
0 Nov. 2011
Nov. 2016
Nov. 2016
Source: Real Data, Greenville Apartment Index, December 2016, www.aptindex.com
Greenville Real Estate Trends
Vacancy rate Average rental rate (full service) Net absorption
Office Data Trends 69,101
-7,376
91,464
91,464
$19.96
$19.81
$19.27
$19.27
2017 Q1
2016 Q4
16.58%
16.93%
2017 Q1
44
Retail Data Trends
2016 Q4
2016 Q3 15.82%
2016 Q3
2016 Q2
-55,142
6,200
$12.98
$13.21
$10.56
$10.99
Net absorption
Vacancy rate
Average rental rate (nnn) All retail spaces
Average rental rate (nnn) Retail shop space (<10,000 sf)
80,810
176,954
$11.95
$12.08
$10.50
$10.40
2017 Q1
2016 Q4
2016 Q3
2016 Q2
9.95%
9.61%
9.65%
9.83%
Net absorption Vacancy rate Average rental rate (full service)
Industrial Data Trends 513,822
1,396,057 2,493,003 3,077,403
$3.29
$3.44
$3.41
$3.33
2017 Q1
2016 Q4
2016 Q3
2016 Q2
7.16%
7.29%
7.12%
6.95%
2017 Q1
2016 Q4
2016 Q3
2016 Q2
16.73%
2016 Q2
2017 Q1
2016 Q4
2016 Q3
2016 Q2
Source: Colliers International & CoStar
REAL ESTATE | www.gsabusiness.com
www.gsabusiness.com
| REAL ESTATE
45
Residential Real Estate Firms Ranked by $ Value of Residential Sales in 2015 in the Upstate Company
Top Local Official(s) / Year Founded
Phone / Website
C. Dan Joyner Jr., Rusty Garrett, David Crigler, David Crigler, Matt Carter, Donna O. Smith, Pat Allen, Matthew Thrift, Matt Carter 1964 Brad Halter, Stephen D. Edgerton 1933
Sales Volume: (2015) / Current No. of Listings
Upstate Offices / Residential Agents
$842,778,269 3,991
9 401
$533,000,000 2,506
7 161
Berkshire Hathaway HomeServices C. Dan Joyner, REALTORS 745 N. Pleasantburg Drive Greenville, SC 29607
864-242-6650 www.cdanjoyner.com
Coldwell Banker Caine 111 Williams St. Greenville, SC 29601
864-250-2850 www.cbcaine.com
Keller Williams 403 Woods Lake Road, Suite 100 Greenville, SC 29607
864-430-3398 KW.com
Lisa W. McGill, Teresa Cox, Lynda Sams, Dan Hamilton 2003
$364,697,107 1,982
5 205
Re/Max Realty Professionals 600 Independence Blvd. Greenville, SC 29615
864-241-8200 www.movingtogreenville.com
Milton Shockley 1985
$346,699,312 1,861
5 69
Allen Tate Realtors 88 Villa Road Greenville, SC 29615
864-297-1953 www.allentate.com
Martha Hayhurst 1957
$322,794,030 1,622
5 128
Keller Williams Realty Greenville Central 800 Regent Park Court Greenville, SC 29607
864-400-4100 www.greenvillekw.com
Gregg Branham, Laura Sampson 2007
$238,040,000 1,381
1 220
1st Choice Realty Inc. 1209 Stamp Creek Road Salem, SC 29676
864-944-2400 www.1stchoicerealty-sc.com
John C. Pulliam 2000
$129,516,400 547
5 65
Wilson Associates 213 E. Broad Street Greenville, SC 29601
864-640-8700 www.wilsonassociates.net
Sharon P. Wilson, Sharon Wilson 2014
$92,299,484 241
1 16
The Marchant Co. Inc. 100 W. Stone Ave. Greenville, SC 29609
864-467-0085 www.marchantco.com
Seabrook L. Marchant 1993
$87,500,000 426
2 30
Joy Real Estate Co. Inc. 309 E. Butler Road Mauldin, SC 29662
864-297-3111 www.joyrealestate.com
Craig Bailey 1975
$76,000,000 434
2 76
Allen & Assoc. 2117 Boiling Springs Road Boiling Springs, SC 29316
864-921-2920 www.soldallen.com
David Allen 2002
$47,615,666 421
1 11
Gibbs Realty & Auction Co. Inc. 4891-D S.C. Highway 153 Easley, SC 29642
864-295-3333 www.gibbsrealty.net
John Darrell Gibbs 1993
$42,900,154 454
6 5
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by GSA Business Report staff
2016 South Carolina area home sales at-a-glance South Carolina Total Closed Sales
(Percent increase from 2015)
Percent condos
Days on Market
Percent of original price received
79,609
Charleston area
17,727
(+9.0%)
(+7.8%)
Columbia area
Greenville area
12,222
12,505
(+10.9%)
(+7.8%)
15+85 18+82 7+93 8+92 15.2%
17.9%
6.5%
7.4%
99
58
83
61
98.0%
96.8%
97.5%
97+3 98+2 97+3 98+2 96.9%
Source: South Carolina Association of Realtors, 2016 Annual Report
46
REAL ESTATE | www.gsabusiness.com
Commercial Real Estate Firms Ranked by No. of Sale/Lease Transactions in 2015 Company
Broker(s) in Charge / Year Founded
NAI Earle Furman 101 E. Washington St., Suite 400 Greenville, SC 29601
864-232-9040 www.naiearlefurman.com info@naiearlefurman.com
Jon A. Good 1986
562 $331,339,000
45 697 3
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
457 $43,287,154
17 92 6
Colliers International 55 E. Camperdown Way, Suite 200 Greenville, SC 29601 Coldwell Banker Commercial Caine 117 Williams St. Greenville, SC 29601 Lee & Associates Greenville 101 W Court St., Suite A Greenville, SC 29601 Spencer Hines Properties Inc. 380 S. Pine St. Spartanburg, SC 29302 Joyner Commercial: the Commercial Division of Berkshire Hathaway C. Dan Joyner, REALTORS 24 Vardry St., 4th Floor Greenville, SC 29601 Spectrum Commercial Properties 420 The Parkway, Suite K Greer, SC 29650 Cardinal Commercial Properties 100 Orchard Park Drive, Suite 26262 Greenville, SC 29616 McCoy-Wright Realty Inc. 1004 Whitehall Road Anderson, SC 29625 Cushman & Wakefield | Thalhimer 15 S. Main St., Suite 925 Greenville, SC 29601 Avison Young 508 Rhett St., Suite 102 Greenville, SC 29601 Lyons Industrial Properties 812 E. Main St. Spartanburg, SC 29302
864-297-4950 www.colliers.com/southcarolina 864-250-2800 www.cbccaine.com info@cbcaine.com 864-704-1040 www.lee-commercial.com sjacobs@lee-associates.com 864-583-1001 www.spencerhines.com benhines@spencerhines.com
Brad Halter, Stephen D. Edgerton 1933 P. Randall Bentley, Martha D Bentley, Kevin P Bentley 2005 Ben Hines, Lynn Spencer, Bobby Hines 1986
864-233-7724 www.joynercommercial.com officemanager@joynercommercial.com 864-335-3030 www.spectrumcarolinas.com jack@spectrumcarolinas.com 864-559-8227 www.cardinalcommercialproperties.net info@cardinalcommercialproperties.net 864-224-3503 www.mccoywright.com johnwrightjr@mccoywright.com 864-370-8155 www.thalhimer.com brian.young@thalhimer.com 864-334-4145 www.avisonyoung.com charlene.massey@avisonyoung.com 864-583-0094 www.lyonsindustrial.com -
2015 Tranactions: No./Value
Comm. Brokers/ Current Listings/ Upstate Offices
Phone / Website Email
Specialization 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, HUD properties, bank-owned properties, investment properties, luxury properties
142 $83,003,810
13 140 1 14 146 2 8 157 1 15 550 2
Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse
C. Dan Joyner Jr., Matt Carter 1964
112 $68,130,800
21 140 1
Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse, portfolio analysis, lease analysis
Jack Snedigar 2007
81 $71,961,250
Robert Leland Brissie Jr. 2013
60 $20,000,000
John B. Wright Sr. 1980
50 $4,463,536
Brian J. Young 1913
47 $72,465,281
Christopher B. Fraser 2013
45 $17,744,245
Bobby Lyons 1998
28 $13,100,000
David M. Feild 1906
244 B $137,926,364 B 203 $39,077,300 149 $69,548,301
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com. B figures updated on 3/21/2017 to reflect the GSA market.
5 24 1 2 36 1 5 87 1 10 47 1 6 30 1 3 36 1
Agricultural, flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse
Flex, health care, hotel, motel, 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 Flex, income-producing, industrial, land, multifamily, office, retail, warehouse Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse, investment Agricultural, flex, income-producing, industrial, land, warehouse, investment properties Researched by GSA Business Report staff
www.gsabusiness.com
| REAL ESTATE
47
ARCHITECTURE ENGINEERING & CONSTRUCTION
C
onstruction in the Upstate continued to grow from 2015 to 2016. Construction costs in the Greenville-Anderson-Mauldin metropolitan statistical area grew 7% to $1.15 billion in 2016. The largest increase in construction costs occurred in Spartanburg where the area saw a 42% hike in costs to $329 million in 2016. Spartanburg also had the state's largest year-over-year increase in housing building permits issued as the area saw a 39.3% increase. Permits issued in the Greenville-Anderson-Mauldin metropolitan statistical area dropped slightly by 1.1%. By comparison, the Charleston area saw a 12.3% increase in permits issued from 2015 to 2016 while Columbia dropped 1.2%.
FAST FACTS Âť -1.1%
The percentage decrease in housing building permits issued in the Greenville-Mauldin-Anderson metropolitan statistical area from 2015 to 2016. PAGE 53
Âť $56,310
The average pay for a construction supervisor in South Carolina. PAGE 50
SECTION SPONSOR
48
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
www.gsabusiness.com
| ARCHITECTURE, ENGINEERING AND CONSTRUCTION
49
What S.C. Construction Jobs Pay Supervisors $56,310 Floor Sanders, Finishers $37,920
Building Inspectors $49,030
Glaziers $37,020
Stonemasons $36,360
Construction Laborers $33,520
Insulation Workers $33,520
Electricians $43,710
Plumbers $43,330
Brickmasons $35,110
Paperhangers $34,670
Cement Masons $33,440
Drywall Installers $31,620
Carpenters $38,400
Plasterers $37,960
Tile and Marble Setters $33,890
Carpet Installers $33,640
Painters $31,010
Roofers $30,930
Source: Bureau of Labor Statistics
Manufacturing Sales
Source: U.S. Census Bureau
In the third quarter of 2016, U.S. manufacturers’ after-tax profits were $138.3 billion, an increase of $8.3 billion from the second quarter. A large percentage of that increase came from durable goods manufacturers who recorded $75.5 billion in profits in the quarter, up $7.6 billion over the previous quarter.
Manufacturing Sales
Durable Manufacturing Goods
Nondurable Manufacturing Goods
Transportation Sales: Holding Steady
Manufacturing corporations saw a $3 billion increase in sales in the third quarter over the previous quarter. However, according to U.S. Census Bureau data, Q3 2016 was the lowest third quarter for sales since 2010.
According to the data, third quarter durable manufacturing goods sales were over $800 million for the third straight year.
Sales of nondurable goods have been on a bit of a decline since 2011. Companies reported peak sales of $918 billion in the first quarter of 2012. Since then, sales of nondurable manufacturing goods have surpassed $900 million in only three of 18 quarters.
Of all durable manufacturing goods, transportation equipment — more specifically motor vehicles and parts — has been steady in sales, operating profits and after-tax profits all year. Companies have seen lower sales, but higher after-tax profits year-over-year.
Year
Year
Year
Sales
Q3 sales
2010....................................$1.45 trillion 2011....................................$1.63 trillion 2012....................................$1.64 trillion 2013....................................$1.68 trillion 2014....................................$1.74 trillion 2015......................................$1.6 trillion 2016....................................$1.56 trillion
50
Q3 sales
2010..................................$692.6 billion 2011..................................$739.6 billion 2012..................................$769.1 billion 2013..................................$795.8 billion 2014..................................$847.2 billion 2015..................................$843.1 billion 2016..................................$828.3 billion
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
Q3 sales
2010..................................$760.8 billion 2011..................................$898.6 billion 2012..................................$874.7 billion 2013..................................$892.4 billion 2014..................................$900.9 billion 2015..................................$766.5 billion 2016..................................$736.1 billion
Q3 2016 $285.3 billion
Q2 2016 $297.1 billion
Operating profits
After-tax profits
Q3 2016 $19.7 billion Q3 2016 $21.1 billion
Q2 2016 $22 billion
Q2 2016 $19.9 billion
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51
9.3+ 90.7 7+93
Total construction costs for S.C. metro areas = 2015
= 2016
39.3+60.7
= Percent change from 2015-2016
4+96 4.0%
42+58 42.0%
$232M
$760M
7.0%
$1.08B
9.3%
$1.44B
$1.32B
$1.15B
$790M
$329M
Spartanburg
Columbia
Greenville-Anderson-Mauldin
Charleston-North CharlestonSummerville Source: U.S. Census Bureau
52
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
Housing building permits for S.C. metro areas = 200 homes, 2015
39.3+60.7
12.3+ 87.7 99+ 1 99+1
= 200 homes, 2016
12.3%
= Percent change from 2015-2016
-1.1%
39.3+60.7 39.3%
1,379
-1.2%
4,683
5,814
5,753
6,211
6,974
4,627
1,921
Spartanburg
Columbia
Greenville-Anderson-Mauldin
Charleston-North CharlestonSummerville Source: U.S. Census Bureau
www.gsabusiness.com
| ARCHITECTURE, ENGINEERING AND CONSTRUCTION
53
General Contractors Ranked by Dollar Value of Contracts in 2015 Company
Phone / Website Email
Top Local Official(s) / Year Founded
Contracts: Value / No.
Work Done Locally
Local Employees
Evans General Contractors 550 South Main St., Suite 602 Greenville, SC 29601
864-849-0094 www.evansgeneralcontractors.com leberhart@evans-gc.com
Tim Evans, Christian Hersacher, Larry Eberhart 2001
$300,000,000 30
25%
25
Industrial design build general contractor, distribution, manufacturing, medical office, corporate office, institutional
BE&K Building Group B 201 E. McBee Ave., Suite 400 Greenville, SC 29601
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
Triangle Construction Company Inc. 2624 Laurens Road Greenville, SC 29607
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
The Harper Corporation - General Contractors 35 W. Court St., Suite 400 Greenville, SC 29601
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
Brasfield & Gorrie LLC 1 N. Main St., Suite 904 Greenville, SC 29601
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
O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607
864-298-2000 www.onealinc.com info@onealinc.com
Kevin Bean, Judy Castleberry 1975
$79,000,000 38
15%
211
Engineering, procurement, construction of complex capital projects
Hogan Construction Group 10703 Anderson Road Easley, SC 29642
864-430-9512 www.HoganConstructionGroup.com
Chris Bowen 1998
$63,035,000 19
100%
30
Commercial, institutional, manufacturing, industrial, cultural, education, construction management, design build
Trehel Corp. 935 South Main St., Suite 300 Greenville, SC 29601
800-319-7006 www.trehel.com info@trehel.com
Will W. Huss Jr., Neal Workman 1982
$57,200,000 28
75%
60
Design-build, partnering, construction management at risk
Yeargin Potter Smith C 121 Edinburgh Court Greenville, SC 29607
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
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com. B formerly KBR Building Group C formerly Yeargin Potter Shackelford Construction
54
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
Areas of Specialization
Researched by GSA Business Report staff
Engineering Firms
Ranked by No. of Licensed Engineers in the Upstate Company
Phone / Website Email
Top Local Officials / Year Founded
No. of Engineers/ Employees
Amec Foster Wheeler 400 Executive Center Drive, Suite 200 Greenville, SC 29616
864-458-3600 www.amecfw.com
Tom Dodson, Wayne Spitzer 1990
Process Automation Solutions Inc. 1045 Keys Drive Greenville , SC 29615
864-528-5858 www.atsautomation.com Bob.Ray@pa-ats.com
Bob Ray 2001
Fluor Corp. 100 Fluor Daniel Drive Greenville, SC 29607
864-281-4400 www.fluor.com
James Brown, Annette Allen 1912
Day & Zimmermann 125 The Parkway, Suite 400 Greenville, SC 29615
864-241-6700 www.dayzim.com
Guy Starr, Rick Domyslawski, Bill Wasilewski 1901
86 217
Process and industrial, power and nuclear
Polytron Inc. 208 Gladstone Way Greer, GA 29650
678-328-2929 www.polytron.com info@polytron.com
Brent Stromwall, Kevin Gallagher 1983
60 70
Automation, controls, industrial network, security packaging, material handling process manufacturer, data management, smart manufacturing, CSIA certified integrator, Cisco certified digital system integrator
O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607
864-298-2000 www.onealinc.com info@onealinc.com
Kevin Bean, Judy Castleberry 1975
44 211
Engineering, procurement, construction of complex capital projects
CH2M Hill 200 Verdae Blvd. Greenville, SC 29607
864-920-7300 www.ch2m.com
Kent Smith, Keith Black 1946
PA Solutions Inc. 1045 Keys Drive Greenville, SC 29615
864-309-4646 www.atsautomation.com greenville@pa-ats.com
David Mothersbaugh 1998
34 300
Systems integration, automation, electrical control design, PLC and robotic programming, MES, automotive, heavy equipment and tire industry
Britt, Peters and Associates Inc. 101 Falls Park Drive, Suite 601 Greenville, SC 29601
864-271-8869 www.brittpeters.com info@brittpeters.com
Mark Peters 1968
26 48
Structural and civil engineers with offices in Greenville and Mount Pleasant, SC
S&ME Inc. 301 Zima Park Road Spartanburg, SC 29301
864-574-2360 www.smeinc.com bschwartz@smeinc.com
Howard Perry, Bill Schwartz Jr. 1977
26 90
Geotechnical and environmental engineering, environmental site assessments, special inspections and construction materials testing, chapter 1 inspections, natural and cultural resources, air permitting, industrial hygiene, industrial permitting
Areas of Specialization
652 3,500
Industrial, power, renewables, forest industries, process industries, engineering, project management, construction, planning studies
256 300
Instrumentation and controls including: systems integration, automation, I&C, robotics, MES and FMCS in life science, waste water, chemical, food, consumer products and automotive industry
100 2,067
Oil and gas; petrochemicals, government, power, industrial, infrastructure, operations and maintenance; mining and nuclear
38 20,000
Consulting, design, design-build, operations and program management concentrated in water, transportation, environmental, energy, facilities and resources
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by GSA Business Report staff
Architecture Firms
Ranked by No. of Registered Architects in the Upstate Company
Phone / Website Email
Top Local Officials / Year Founded
Architects/Total Employees
LS3P 110 W. North St., Suite 300 Greenville, SC 29601
864-235-0405 www.ls3p.com info@ls3p.com
Scott D. May, Charles J. Hultstrand 1963
117 300
Architecture, interiors, and planning
McMillan Pazdan Smith 400 Augusta St., Suite 200 B Greenville, SC 29601
864-242-2033 www.mcmillanpazdansmith.com kcalhoun@mcmillanpazdansmith.com
Ron G. Smith, Joseph M. Pazdan II, Brad B. Smith 1955
56 118
Planning and programming, architecture, interior design, construction administration, historic preservation, sustainable design
CH2M Hill 200 Verdae Blvd. Greenville, SC 29607
864-920-7300 www.ch2m.com
Kent Smith, Keith Black 1946
Design Strategies LLC Architects/Engineers 130 South Main St. Greenville, SC 29601
864-527-6500 www.designstrategies.net skidd@designstrategies.net
Benjamin T. Rook 2002
15 40
Health care, research, corporate, commercial, institutional hospitality
DP3 Architects, Ltd. 211 East Broad St. Greenville, SC 29601
864-232-8200 www.dp3architects.com places@dp3architects.com
J. Michael Taylor 1984
13 27
DP3 Architects, established in 1984 and headquartered in a national register of historic places building in Greenville, South Carolina provides architectural and interiors services for restaurant, higher education, and community projects
Craig Gaulden Davis Inc. 19 Washington Park Greenville, SC 29601
864-242-0761 www.cgdarch.com kpoole@cgdarch.com
Edward T. Zeigler Jr., Scott E. Powell, David L. Dixon 1957
8 16
Architecture, planning and interior design
MCA Architecture Inc. 28 Agora Place Greenville, SC 29615
864-232-8204 www.designmca.com sberry@designmca.com
Keith M. Clarke, Thomas S. Berry 1976
8 19
Architectural and interior design, forensic architecture, master planning
O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607
864-298-2000 www.onealinc.com info@onealinc.com
Kevin Bean, Judy Castleberry 1975
4 211
Project delivery planning, design, procurement, construction and equipment relocation services for capital projects
Ard Wood Holcombe & Slate Architects & Planners 411 River St. Greenville, SC 29601
864-242-5450 www.awhsarchitects.com gmholcombe@awhsarchitects.com
George M. Holcombe, Charles W. Slate 1976
2 8
Commercial, health care, education, industrial, renovation and restoration, facility analysis, military, residential, religious, master planning
Chapman Design Group Inc. 3215 Highway 24 Anderson, SC 29626
864-224-7563 www.chapmandesign.com donald@chapmandesign.com
Donald G. Chapman, Joel Travis 1994
2 7
Commercial and residential; new construction, additions, renovations and adaptive reuse; S.C. certified master builder
25 20,000
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com. B The firm's Spartanburg, SC office is located at 127 Dunbar St., Spartanburg, SC 29306
www.gsabusiness.com
Major Services
A global engineering company that provides consulting, design, construction, and operations services for corporations, and federal, state, and local governments
Researched by GSA Business Report staff
| ARCHITECTURE, ENGINEERING AND CONSTRUCTION
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 21 companies having announced more than $482 million in capital investment in the first half of 2017.
SECTION SPONSOR
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BUSINESS RESOURCES | www.gsabusiness.com
FAST FACTS Âť $9.2B
The value of South Carolina exports to U.S. free trade agreement partner countries in 2016. Source: International Trade Administration
Âť $31.3B
The value of South Carolina goods exported in 2016. Source: International Trade Administration
S.C. Constitutional Offices S.C. Governor Henry McMaster 803-734-2100 www.governor.sc.gov S.C. Lieutenant Governor Kevin L. Bryant 803-734-2080 http://ltgov.sc.gov/Pages/default.aspx Secretary of State Mark Hammond 803-734-2170 www.scsos.com Attorney General Alan Wilson 803-734-3970 www.scag.gov Treasurer Curtis M. Loftis Jr. 803-734-2101 www.treasurer.sc.gov Auditor George L. Kennedy III 803-832-8929 http://osa.sc.gov/Pages/default.aspx Superintendent of Schools Molly Mitchell Spearman 803-734-8500 www.ed.sc.gov Director of Insurance Raymond Farmer 803-737-6160 www.doi.sc.gov Comptroller Richard Eckstrom 803-734-2121 www.cg.sc.gov Commissioner of Agriculture Hugh E. Weathers 803-734-2190 www.agriculture.sc.gov Adjutant General Maj. Gen. Robert E. Livingston Jr. 803-299-4200 www.scguard.com Natural Resources Commissioner Alvin A. Taylor 803-734-4007 www.dnr.sc.gov Labor Director Emily H. Farr 803-896-4300 www.llr.state.sc.us Public Services Commissioner Comer H. “Randy” Randall 803-896-5100 www.psc.sc.gov
Upstate’s Congressional Representation U.S. Senate Lindsey Graham (R)* www.lgraham.senate.gov 864-250-1417 Tim Scott (R)* www.scott.senate.gov 864-233-5366
58
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 www.jeffduncan.house.gov 864-681-1028 (Laurens office) 864-224-7401 (Anderson office) Trey Gowdy (R) * 4th Congressional District: Portions of Spartanburg and Greenville counties www.gowdy.house.gov 864-241-0175 (Greenville office) 864-583-3264 (Spartanburg office) Ralph Norman (R) * 5th Congressional District: Union, Chester, Fairfield, Kershaw, Lee, Lancaster, and York counties, and portions of Newberry, Spartanburg, and Sumter counties www.norman.house.gov
S.C. State Senate
To contact senators, visit www.scstatehouse.gov/member.php?chamber=S Thomas C. Alexander (R)* District 1 - Oconee and Pickens counties 803-212-6220 Rex F. Rice (R)* District 2 – Pickens County 803-212-6100 Richard J. Cash (R)* District 3 – Anderson County 803-212-6130 Michael W. “Mike” Gambrell (R)* District 4 - Abbeville, Anderson and Greenwood counties 803-212-6040 Thomas D. “Tom” Corbin (R)* District 5 – Greenville and Spartanburg counties 803-212-6100 William Timmons (R)* District 6 – Greenville County 803-212-6008 Karl B. Allen (D)* District 7 – Greenville County 803-212-6008 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 Scott Talley (R)* District 12 - Greenville and Spartanburg counties 803-212-6048
BUSINESS RESOURCES | www.gsabusiness.com
Shane R. Martin (R)* District 13 - Greenville, Spartanburg and Union counties 803-212-6420 Harvey S. Peeler, Jr. (R)* District 14 - Cherokee, Spartanburg, Union and York counties 803-212-6430 Ronnie W. Cromer (R)* District 18 – Lexington, Newberry and Union counties 803-212-6240
S.C. House of Representatives
To contact representatives, visit www.scstatehouse.gov/member.php?chamber=H William R. “Bill” Whitmire (R)* District 1 – Oconee County 803-734-3068 William E. “Bill” Sandifer, III (R)* District 2 - Oconee and Pickens counties 803-734-3015 Gary E. Clary (R)* District 3 – Pickens County 803-212-6908 David R. Hiott (R)* District 4 – Pickens County 803-734-3022 Neil A. Collins (R)* District 5 – Pickens County 803-212-6913 W. Brian White (R)* District 6 – Anderson County 803-734-3144 John Taliaferro “Jay” West, IV (R)* District 7 - Abbeville and Anderson counties 803-212-6954 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
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 Jason Elliott (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 803-212-6944 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
Craig A. Gagnon (R)* District 11 - Abbeville and Anderson counties 803-212-6934
Merita A. “Rita” Allison (R)* District 36 – Greenville and Spartanburg counties 803-734-3053
J. Anne Parks (D)* District 12 – Greenwood and McCormick counties 803-734-3069
Steven Wayne Long (R)* District 37 – Spartanburg County 803-212-6878
John R. McCravy, III (R)* District 13 – Greenwood County 803-212-6939
Josiah Magnuson (R)* District 38 – Spartanburg County 803-212-6876
Michael A. Pitts (R)* District 14 – Greenwood and Laurens counties 803-734-3114
Michael A. “Mike” Anthony (D)* District 42 – Laurens and Union counties 803-734-3060
Mark N. Willis (R)* District 16 – Greenville and Laurens counties 803-212-6882
*This could change depending on the results of the November General Election.
James Mikell “Mike” Burns (R)* District 17 – Greenville County 803-212-6891
Economic Development Organizations Ranked by No. of Employees Company S.C. Manufacturing Extension Partnership 37 Villa Road, Suite 500 Greenville, SC 29615 Upstate SC Alliance 124 Verdae Blvd., Suite 202 Greenville, SC 29607 Greenville Area Development Corp. 233 N. Main St., Suite 250 Greenville, SC 29601 Small Business Development Center 1 N. Main St. Greenville, SC 29601 Spartanburg Economic Futures Group 105 North Pine St. Spartanburg, SC 29302 Anderson County Office of Economic Development 126 N. McDuffie St. Anderson, SC 29621 Oconee Economic Alliance 528 U.S. Highway 123 Bypass, Suite G Seneca, SC 29678 Ten at the Top 124 Verdae Blvd., Suite 202 Greenville, SC 29607 Alliance Pickens P.O. Box 149 Liberty, SC 29657 Greer Development Corp. 111-B S. Main St. Greer, SC 29650 Laurens County Development Corp. P.O. Box 427 Clinton, SC 29325 City of Spartanburg Office of Economic Development 145 W. Broad St. Spartanburg, SC 29306 Greenville Revitalization Corporation 301 University Ridge Suite 2500 Greenville, SC 29601 Innovate Anderson 126 N. McDuffie St. Anderson, SC 29621
Phone/ Website
Top Official/ Year Founded
864-288-5687 www.scmep.org
Chuck Spangler 1989
20
The South Carolina Manufacturing Extension Partnership (SCMEP) is a private, non-profit group that serves as a proven resource to South Carolina businesses, providing them with a range of innovative strategies and solutions
864-283-2300 www.upstatescalliance.com
John Lummus 2000
10
To position and market the Upstate to compete for business investment globally; to spearhead a global strategy to attract new investment to the region; to increase opportunities, ultimately leading to greater investment, enhancing the prosperity and quality of life for the Upstate.
864-235-2008 www.gogadc.com
J. Mark Farris 2001
8
Public-private economic development partnership dedicated to the growth and prosperity of Greenville County; to assist new and existing companies in growing or relocating here, thereby improving the quality of life of every Greenville County resident
864-370-1545 www.clemson.edu/sbdc
1979
7
To advance South Carolina's economic development by helping entrepreneurs grow successful businesses; offering five offices in the Upstate
864-594-5000 www.economicfuturesgroup.com
R. Carter Smith 2000
6
To drive the international business movement in the Southeast and target industries of automotive, advanced materials, biosciences, energy and logistics to reflect existing industries and sectors expected to perform well economically in the area.
864-260-4386 www.andersoncountytoday.com
Burriss Nelson 1986
5
To recruit, create and support new industries within Anderson County and provide support to existing industries and businesses, in order to create jobs, wealth and an expanded tax base in Anderson County
864-638-4210 www.investoconeesc.com
Richard K. Blackwell 1960
4
Public-private nonprofit effort to accelerate job creation and capital investment, increase per capita income, diversify the local tax base and generate awareness of Oconee County as a business location
864-283-2313 www.tenatthetop.org
Dean Hybl 2009
4
The mission of Ten at the Top is to foster trust and collaboration through partnerships and cooperation that impact economic vitality and quality of life across Upstate South Carolina
864-898-1500 www.alliancepickens.com
A. Ray Farley 1995
3
Public-private economic development organization to attract, retain and increase jobs and grow the tax base in Pickens County; board oversees program of work and helps lead staff in recruiting new industry and maintaining existing industry in the county.
864-416-0125 www.greerdevelopment.com
Reno Deaton 2002
3
Retention of Greer's existing businesses; recruiting targeted industries and high-impact commercial businesses; coordinating the recruitment and redevelopment activities for historic downtown Greer; facilitating the development of new sites and buildings to encourage new, highquality development; and marketing the Greer community
864-939-0580 www.laurenscounty.org/ed
Jonathan Coleman 2007
3
To ensure Laurens County continues to be a community of “accelerating progress� that focuses on economic opportunities that result in a viable future for all residents.
864-596-2972 www.cityofspartanburg.org
Patty H. Bock 1831
2
To expand Spartanburg's tax base and provide quality job opportunities through business development, retention and expansion and facilitation of real estate development; to coordinate and administer the Spartanburg Development Corp.; to promote and assist the growth of business concerns, increase employment opportunities and expand businesses for the residents of Spartanburg.
864-242-9801 ext 122 www.greenvillerevitalization.org
Douglas F. Dent 2012
2
To bring economic opportunity and community services to the Textile Crescent
864-260-1061 www.innovateanderson.com
Burriss Nelson 1993
2
Public-private economic development organization formed by Anderson County, the city of Anderson, Anderson Area Chamber of Commerce and private businesses to provide marketing support and mobilize resources to help the Anderson County Office of Economic Development attract new industry and commercial and retail businesses through marketing support.
Employees Mission/Description
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by GSA Business Report staff
www.gsabusiness.com
| BUSINESS RESOURCES
63
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
60
BUSINESS RESOURCES | www.gsabusiness.com
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
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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/
Economic Development Organizations Ranked by No. of Employees Company S.C. Manufacturing Extension Partnership 37 Villa Road, Suite 500 Greenville, SC 29615 Upstate SC Alliance 124 Verdae Blvd., Suite 202 Greenville, SC 29607 Greenville Area Development Corp. 233 N. Main St., Suite 250 Greenville, SC 29601 Small Business Development Center 1 N. Main St. Greenville, SC 29601 Spartanburg Economic Futures Group 105 North Pine St. Spartanburg, SC 29302 Anderson County Office of Economic Development 126 N. McDuffie St. Anderson, SC 29621 Oconee Economic Alliance 528 U.S. Highway 123 Bypass, Suite G Seneca, SC 29678 Ten at the Top 124 Verdae Blvd., Suite 202 Greenville, SC 29607 Alliance Pickens P.O. Box 149 Liberty, SC 29657 Greer Development Corp. 111-B S. Main St. Greer, SC 29650 City of Spartanburg Office of Economic Development 145 W. Broad St. Spartanburg, SC 29306 Greenville Revitalization Corporation 301 University Ridge Suite 2500 Greenville, SC 29601 Innovate Anderson 126 N. McDuffie St. Anderson, SC 29621
Phone/ Website
Top Official/ Year Founded
864-288-5687 www.scmep.org
Chuck Spangler 1989
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The South Carolina Manufacturing Extension Partnership (SCMEP) is a private, non-profit group that serves as a proven resource to South Carolina businesses, providing them with a range of innovative strategies and solutions
864-283-2300 www.upstatescalliance.com
John Lummus 2000
10
To position and market the Upstate to compete for business investment globally; to spearhead a global strategy to attract new investment to the region; to increase opportunities, ultimately leading to greater investment, enhancing the prosperity and quality of life for the Upstate.
864-235-2008 www.gogadc.com
J. Mark Farris 2001
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Public-private economic development partnership dedicated to the growth and prosperity of Greenville County; to assist new and existing companies in growing or relocating here, thereby improving the quality of life of every Greenville County resident
864-370-1545 www.clemson.edu/sbdc
1979
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To advance South Carolina's economic development by helping entrepreneurs grow successful businesses; offering five offices in the Upstate
864-594-5000 www.economicfuturesgroup.com
R. Carter Smith 2000
6
To drive the international business movement in the Southeast and target industries of automotive, advanced materials, biosciences, energy and logistics to reflect existing industries and sectors expected to perform well economically in the area.
864-260-4386 www.andersoncountytoday.com
Burriss Nelson 1986
5
To recruit, create and support new industries within Anderson County and provide support to existing industries and businesses, in order to create jobs, wealth and an expanded tax base in Anderson County
864-638-4210 www.investoconeesc.com
Richard K. Blackwell 1960
4
Public-private nonprofit effort to accelerate job creation and capital investment, increase per capita income, diversify the local tax base and generate awareness of Oconee County as a business location
864-283-2313 www.tenatthetop.org
Dean Hybl 2009
4
The mission of Ten at the Top is to foster trust and collaboration through partnerships and cooperation that impact economic vitality and quality of life across Upstate South Carolina
864-898-1500 www.alliancepickens.com
A. Ray Farley 1995
3
Public-private economic development organization to attract, retain and increase jobs and grow the tax base in Pickens County; board oversees program of work and helps lead staff in recruiting new industry and maintaining existing industry in the county.
864-416-0125 www.greerdevelopment.com
Reno Deaton 2002
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Retention of Greer's existing businesses; recruiting targeted industries and high-impact commercial businesses; coordinating the recruitment and redevelopment activities for historic downtown Greer; facilitating the development of new sites and buildings to encourage new, highquality development; and marketing the Greer community
864-596-2972 www.cityofspartanburg.org
Patty H. Bock 1831
2
To expand Spartanburg's tax base and provide quality job opportunities through business development, retention and expansion and facilitation of real estate development; to coordinate and administer the Spartanburg Development Corp.; to promote and assist the growth of business concerns, increase employment opportunities and expand businesses for the residents of Spartanburg.
864-242-9801 ext 122 www.greenvillerevitalization.org
Douglas F. Dent 2012
2
To bring economic opportunity and community services to the Textile Crescent
864-260-1061 www.innovateanderson.com
Burriss Nelson 1993
2
Public-private economic development organization formed by Anderson County, the city of Anderson, Anderson Area Chamber of Commerce and private businesses to provide marketing support and mobilize resources to help the Anderson County Office of Economic Development attract new industry and commercial and retail businesses through marketing support.
Employees Mission/Description
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by GSA Business Report staff
www.gsabusiness.com
| BUSINESS RESOURCES
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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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BUSINESS RESOURCES | www.gsabusiness.com
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
SPONSORED CONTENT
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Chambers of Commerce Chambers in the Upstate, Ranked by No. of Members Chamber Greenville Chamber 24 Cleveland St. Greenville, SC 29601 Spartanburg Area Chamber of Commerce 105 N. Pine St. Spartanburg, SC 29302 Anderson Area Chamber of Commerce 907 N. Main St., Suite 200 Anderson, SC 29621 Greater Greer Chamber of Commerce 111 Trade St. Greer, SC 29651 Greenwood Area Chamber of Commerce 110 Phoenix St. Greenwood, SC 29646 Small Business Development Center 1 N. Main St. Greenville, SC 29601 Laurens County Chamber of Commerce 291 Professional Park Road Clinton, SC 29325 Greater Easley Chamber of Commerce 2001 E. Main St. Easley, SC 29641 Cherokee County Chamber of Commerce 225 S. Limestone St. Gaffney, SC 29340 Greater Mauldin Chamber of Commerce 101 E. Butler Road Mauldin, SC 29662 Simpsonville Area Chamber of Commerce 100 West Trade St. Simpsonville, SC 29681 Oconee County Chamber of Commerce 135-C Eagles Nest Drive Seneca, SC 29678 Clemson Area Chamber of Commerce 1105 Tiger Blvd. Clemson, SC 29631 S.C. Hispanic Chamber of Commerce 714 Pettigru St., Suite C Greenville, SC 29601 Fountain Inn Chamber of Commerce 102 Depot St. Fountain Inn, SC 29644 Union County Chamber of Commerce 135 W. Main St. Union, SC 29379 Greater Abbeville Chamber of Commerce 107 Court Square Abbeville, SC 29620 Greater Travelers Rest Chamber of Commerce P. O. Box 329 Travelers Rest, SC 29690 Greater Pickens Chamber of Commerce 222 W. Main St. Pickens, SC 29671 Calhoun Falls Chamber of Commerce 101 W. Savannah St. Calhoun Falls, SC 29628 Ninety Six Chamber of Commerce 97 Main St. E. Ninety Six, SC 29666 Greater Walhalla Area Chamber of Commerce 105 W. South Broad St. Walhalla, SC 29691 Westminster Chamber of Commerce 135 E. Main St. Westminster, SC 29693 Greater Inman Area Chamber of Commerce 20 S. Main St. Inman, SC 29349
Phone / Website / Email
Top Local Official/ Year Founded
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
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
864-370-1545 www.clemson.edu/sbdc clemsonsbdc@clemson.edu
1979
600 7 0
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
864-833-2716 www.laurenscounty.org galexander@laurenscounty.org
Amanda Munyan 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
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
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
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
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
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
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
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
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
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
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
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
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
864-418-8672 cfchamber@wctel.net
Rebeca R McCaslan, Chris Cowan 1970
120 2 10
Calhoun Falls
Where southern hospitality meets business opportunity
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
864-638-2727 www.walhallachamber.com info@walhallachamber.com
Vanessa Penton 1976
115 1 24
Walhalla, West Union, Mountain Rest, Salem
To promote the business, civic, social and cultural growth of the community
864-647-5316 www.westminstersc.com chamber@westminstersc.com
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
864-472-3654 www.inmanscchamber.org -
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
864-242-1050 www.greenvillechamber.org mmann@greenvillechamber.org
Carlos Phillips 1879
864-594-5000 www.spartanburgchamber.com spartanburgchamber@spartanburgchamber.com
Allen Smith 1919
864-226-3454 www.andersonscchamber.com info@andersonscchamber.com
2,200 25 800
Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit http://www.scbiznews.com/buy-businesslists. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
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BUSINESS RESOURCES | www.gsabusiness.com
Researched by GSA Business Repot staff
CORPORATE MILESTONES
B
usinesses in the Upstate are doing great things every day. So, why not have an avenue for those businesses to showcase their accomplishments and anniversaries? Thus the concept of Corporate Milestones. This section aims to provide sponsored content showing what companies have accomplished over the year. These accomplishments include the opening of new businesses, the anniversary of existing businesses and the innovations made by companies. The following section highlights Upstate companies and their milestones from the year.
SECTION SPONSOR
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CORPORATE MILESTONES | www.gsabusiness.com
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