MARKETFACTS August 2019 | www.CharlestonBusiness.com
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Challenges and opportunities ahead LOWCOUNTRY NEWSROOM Executive Editor - Andy Owens aowens@scbiznews.com • 843.849.3142 Senior Copy Editor - Beverly Barfield bbarfield@scbiznews.com • 843.849.3115 Staff Writer - Patrick Hoff phoff@scbiznews.com • 843.849.3144 Editor, Custom Publishing Division - Steve McDaniel smcdaniel@scbiznews.com • 843.849.3123 Research Specialist - Paige Hardy phardy@scbiznews.com • 843.849.3125 Senior Graphic Designer - Jane James jjames@scbiznews.com • 843.849.3118 Graphic Designer - Andrew Sprague asprague@scbiznews.com • 843.849.3128 Assistant Graphic Designer - Jessica Stout jstout@scbiznews.com • 843.849.3113 Assistant Graphic Designer - Joel Travis jtravis@scbiznews.com • 843.849.3124 MIDLANDS NEWSROOM Editor - Melinda Waldrop mwaldrop@scbiznews.com • 803.726.7542 Staff Writer - Renee Sexton rsexton@scbiznews.com • 803.726.7546 UPSTATE NEWSROOM Editor - Ross Norton rnorton@scbiznews.com • 864.720.1222 Staff Writer - Teresa Cutlip tcutlip@scbiznews.com • 864.720.1223 Associate Editor, Custom Publishing Division Jim Tatum jtatum@scbiznews.com • 864.720.2269 LOWCOUNTRY ACCOUNT EXECUTIVES Senior Account Executive - Robert Reilly rreilly@scbiznews.com • 843.849.3107 Account Executive - Sara Cox scox@scbiznews.com • 843.849.3109 Account Executive - Melissa Verzaal mverzaal@scbiznews.com • 843.849.3104
South Carolina’s Media Engine for Economic Growth
The publishing of our annual Market Facts is a mile-marker that causes me to stop for a moment and take stock of the state of business in the region. The Lowcountry is undoubtedly doing well despite some looming speed bumps. Is anybody out there hot and sweaty, or is it just me? Sure, anyone can make the argument that the heat we are experiencing is just weather, not climate. But I believe we are starting to see the projected effects of climate change creeping into business decisions. The City of Charleston and the surrounding municipalities are increasing their focus and spending on stormwater management. And that’s just the tip of the (melting) iceberg. I can’t help but think that residents and businesses in the coastal areas will be burdened by expenses related to rising sea levels and heightened intensity of rain events and tropical storms. Is your business plan morphing because of climate change? If so, we’d be interested to know. Drop our editors a line and let’s talk about how you anticipate this changing your business model. 2019 seems to be a year of uncertainty. All of us operate in a light haze of uncertainty in the best of times. Yet this year, with tariffs in place and threats of more to come, the marketplace appears especially jittery. Despite that, our local economy is moving along decently. Have we all just gotten Grady Johnson used to this level of uncertainty? If so, welcome to the new normal. President and When we came up with the idea of publishing Market Facts, we envisioned it as a tool for our Group Publisher readers to use for business plans. It was born of our need to gather facts and data to support our own expansion. When we discovered the difficulty of finding everything we needed, we had an epiphany: “Somebody ought to publish this stuff!” Of course, nobody hip and trendy writes out a business plan anymore, but you sure better do your research before you launch. As this publication has grown, it has taken a place as the companion to our annual Book of Lists. The combination of the listings of the largest companies in major business categories in the Book of Lists with the statistics and other data presented in Market Facts — in chart, graph and table format — gives you a good grasp of what drives the region’s business community. Our graphic artists are masters at presenting complex information in a way that is pleasing to the eye and easily understandable, and Market Facts is their tour de force. Each year, the team improves the layout by including more art, shading and highlighting of important facts, and by adding footnotes and explanations to help make the data more user-friendly and contextually relevant. We’ve improved the ease of data interpretation this year by adding some explanatory charts within the main charts to help you get a better sense of trends. Again this year, we engaged Veronica Watson, a graduate of the University of South Carolina’s Darla Moore School of Business with a master’s degree in economics, to do the research. Regarding the earlier mention of climate change and its effects on business, I also encourage you to use facts and data in this publication to get involved in our region’s response to those challenges. Since we are sitting directly on the cutting edge of the rising ocean waters, we might as well pioneer the solutions in addition to saving our own necks. The decisions we as a community make and the innovations to come from those decisions can be a model for use in many other places around the world. So why not become a global leader? There’s got to be more than a few winning business strategies generated from innovating rather than waiting around until it’s too late. I hope Market Facts aids you in improving the performance of your business planning. Congratulations to our title sponsors, Samet Construction and First National Bank of South Carolina, as well as all our section sponsors and advertisers, for their leadership in enabling us to provide this valuable resource for the region’s decision-makers. Enjoy! About the Cover: One of the newest places for people to enjoy in the Charleston area is revitalized Hutchinson Square in downtown Summerville. It reopened to the public in early 2019. (Photo/Andy Owens)
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Charleston Regional Business Journal (USPS 0018-822) is published biweekly, 27 times per year, including one special issue in January, by SC Biz News. P.O. Box 446, Charleston, SC 29402. Periodicals postage paid at Charleston, SC. Mailing address: 1439 Stuart Engals Blvd., Suite 200 Mount Pleasant, SC 29464. Postmaster: Send address changes to: Charleston Regional Business Journal, P.O. Box 446, Charleston, SC 29402
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Contents 4
Real Estate
60
Import, Export and Distribution
20
Architecture, Engineering and Construction
68
Hospitality and Tourism
38
Financial Services
76
Medical and Health Care
44
Demographics and Economic Development
84
Business Resources and Government
52
Education
SECTION SPONSORS REAL ESTATE
ARCHITECTURE, ENGINEERING AND CONSTRUCTION
FINANCIAL SERVICES
DEMOGRAPHICS AND ECONOMIC DEVELOPMENT
EDUCATION
IMPORT, EXPORT AND DISTRIBUTION
HOSPITALITY AND TOURISM
2
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MEDICAL AND HEALTH CARE
Welcome from our sponsors
A
A
t First National Bank, we believe in investing in the communities we serve — because when people and businesses succeed, we all succeed. That’s why we’ve partnered with the Charleston Regional Business Journal to sponsor this valuable resource for South Carolina’s decision makers. As one of America’s fastest growing banks, we’re excited to be a part of the business community of one of America’s fastest growing cities. Our local team offers relationship-based, comprehensive banking services for Charleston businesses of all sizes, with best-in-class service and technology. We invite you to learn more about First National Bank, as well as our holding company F.N.B. Corporation, and all we have to offer. Stop by our office conveniently located at 317 Meeting Street and say hello. We look forward to succeeding together.
t Samet Corporation, our belief in building relationships goes hand-in-hand with building structures. This is why we team with the CRBJ, to support a publication that fosters relationships every day among the business community in the Lowcountry. Relationships are what built Samet’s location here in Charleston, and what brought us the fully staffed office we have today. We based this company and operations on principles that align closely with those of us who live and work here. All five of our core values — service, quality, innovation, trust and safety — are top-of-mind with every job we build and every client we meet. Using these principles as guides, our Charleston team collaborates with clients on projects, large and small, in the corporate office, health care, education, hospitality, multifamily, industrial and manufacturing markets to support institutions in achieving their goals.
Vincent J. Delie, Jr. Chairman, President and CEO F.N.B. Corporation and First National Bank
Carson Knizevski Regional Vice President Samet Corporation
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3
Real Estate The number of home listings in the Charleston metro area continues to decrease from year to year. Lower inventory pushes home prices higher and, as a result, the cost of home ownership in the Lowcountry. Multifamily construction has seen a surge of activity in recent years, with thousands of units either under construction or planned in the tri-county area.
FAST FACTS
$363,000
71%
Expected average home price in the
Percentage of income that low-income resi-
Charleston metro area for 2019.
dents spend on housing and transportation.
PAGE 6
PAGE 8
SECTION SPONSOR
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REAL ESTATE | www.charlestonbusiness.com
Residential home sales in the Charleston region – 2014
– 2015
– 2016
– 2017
– 2018
– 2019 forecast
Average sales price
Number of homes sold THE HEADLINE:
THE HEADLINE:
FEWER HOMES MEAN FEWER SALES
UPWARD TREND LEVELING OFF
With decreases in inventory and new home construction, the number of homes sold is forecast to decline in 2019 and 2020.
After years of increasing across the region, prices are forecast to level off.
$350K $300K
$291K
$307K
$321K
$340K
$250K
– 2020 forecast
$360K
$363K
$362K 20,000 17,826 16,221 15,000
18,410
18,159
17,900
17,700
14,257
$200K 10,000 $150K $100K
5,000
$50K 0
0 Sources: Charleston Trident Association of Realtors, 2018 Annual Report; Charleston Metro Chamber of Commerce, Economic Outlook Forecast, 2019-2020
6
REAL ESTATE | www.charlestonbusiness.com
Days on market to sale
Inventory of homes for sale
THE TREND:
THE TREND:
– 100 homes
FEWER DAYS ON THE MARKET
FEWER HOMES TO SELL
-35%
-18%
That’s the percentage change of days that houses stay on the market from 2014 to 2018. That’s a substantial decrease, but if you look at the last 3 years that trend has slowed signficantly.
80
60
58
5,914
5,442
5,376
2016
2017
5,109
55
52
2016 2 5 017 1 20 8 201
201 4
6,254
There are 18% less homes on the market in 2018 than there were in 2014. The lack of inventory will keep days on the market low and prices high.
2014
2015
2018
Sources: Charleston Trident Association of Realtors, 2018 Annual Report
www.charlestonbusiness.com |
REAL ESTATE
7
Housing affordability in the Charleston area
The Charleston Metro Chamber released the Charleston Metro Region Housing Attainability Crisis report recently. Ian Scott, senior vice president of advocacy at the Charleston Metro Chamber, said the lack of attainable housing is a problem in almost every part of the tri-county area. “Any losses from the recession have essentially been wiped out and we’re paying more in every submarket,” he said. “Which gets back to the point, this is not just any particular part of the peninsula. ... Everywhere, rents are higher and median home sale prices are higher.”
Median home sales prices from 2006 to 2016
% of homeowners spending 30%+ of income on housing
THE HEADLINE:
THE HEADLINE:
PRICES HAVE RISEN ACROSS THE LOWCOUNTRY
LARGE PERCENTAGE OF INCOME BEING SPENT ON HOUSING
2006
This shows that prices have increased above pre-recession levels across the region. Beach communities, traditionally a volatile market and faced with high insurance premiums due to increased risk of storms and flooding, were the only areas where prices decreased.
Because wages have not kept pace with the rising cost of housing, over 30% of residents spend more than 30% of their income on housing. This makes it difficult for people to cover living expenses and save.
2016
Raleigh
Charleston Lower Peninsula
Greenville
Charleston Upper Peninsula
Austin, Texas Richmond, Va.
Goose Creek/ Moncks Corner
Salt Lake City Nashville, Tenn.
James Island/ Johns Island
Jacksonville, Fla.
Folly/Kiawah/ Seabrook Islands
Charleston MSA
Seattle
Mount Pleasant
5%
Daniel Island
10%
15%
20%
25%
30%
35%
% of income spent on transportation and housing costs
North Charleston
57%
Summerville
The percentage typical residents spend
71%
West Ashley
The percentage low income residents spend
Charleston MSA $0
$100,000
$200,000
$300,000
$400,000
$500,000
Low-income residents feel the pressure of afforability even more. With only 29% of their income left for all other aspects of their life, they are financially vulnerable.
$600,000
POPULATION PROJECTIONS INDICATE HOUSING SHORTFALL Residential permits issued
Population projection
One million people
are projected to live in the Charleston region by 2029
1,200,000 1,000,000
7,500
800,000
New housing units needed per year to keep up with population growth. The lack of new inventory will keep driving prices higher.
11,000 10,000
600,000 400,000
9,000
200,000
8,000
0
7,000 6,000
1980
1990
2000
2010
2016
2020
2025
2030
112,309
5,000 4,000
total new housing units needed region-wide between 2015 and 2030 to keep up with demand.
3,000 2,000
Nearly half of those homes should be priced for households earning $50,000 or less annually,
1,000 0
1970
meaning a sales price of $175,000-$225,000 or an average monthly rent of roughly $1,200. ’03
’04
’05
’06
’07
’08
’09
’10
’11
’12
’13
’14
’15
’16
’17 Source: Charleston Metro Chamber of Commerce, Charleston Metro Region Housing Attainability Crisis Facts & Figures
8
REAL ESTATE | www.charlestonbusiness.com
New home listings over 5 years
Change in new listings from 2017 to 2018
Charleston-area housing market
20+80
Percentage change from previous year
19.9%
Top five areas +11.6%
Sullivan’s Island
increase from 2014-2018
20,231
21,993
23,008
24,054
24,259
+12.9%
+27.2%
Downtown Charleston
+6.5%
Edisto Area
Upper Charleston Peninsula
+33.2%
Bottom five areas
Folly Beach
– Dorchester County – Berkeley County – Charleston County
-9.4%
Dorchester Road Corridor
-4.6%
-5.2%
+8.7% 2014
10
2015
+4.6% 2016
REAL ESTATE | www.charlestonbusiness.com
+4.6% 2017
+0.8% 2018
Daniel Island
Hollywood/Ravenel/ Meggett Area
-7.4%
-11.1%
James Island
Kiawah
Source: Charleston Trident Association of Realtors, 2018 Annual Report
Single-family homes vs. condos in the Charleston area Median sales price
25+75 15+85 – 2014
– 2015
– 2016
– 2017
25%
– 2018
Increase from 2013 to 2018
$286K
$229K
$244K
After years of increase, the price of townhomes/condos flattened from 2017 to 2018. There is also a slight uptick in the number of days they remain on the market.
15%
Increase from 2013 to 2018
$255K
THE TREND:
TOWNHOUSE/CONDO PRICES FLATTEN
$270K
Days on market until sale 95
– Single-Family
90
54
85
$173K
$181K
$190K
$199K $199K
– Townhouse/Condo
average days on market for a townhouse/condo
80
51
75 70
average days on market for a single-family home
65 60 55 Single-family
Townhouse/Condo
50 2014
2015
2016
2017
2018
Sources: Charleston Trident Association of Realtors, 2018 Annual Report
www.charlestonbusiness.com |
REAL ESTATE
11
Charleston-area apartment market $1250 $1225 $1200 $1175 $1150 $1125 $1100 $1075 $1050 $1025 $1000 $975 $950 $925 $900 $875 $850 $825 $800 $775 Feb. 2014
Average monthly rent in the Charleston area
Total apartment units – Dorchester County
– Berkeley County
– Average Monthly Rent
5,122
9,269
Goose Creek
Summerville $
THE TREND:
RENT FLATTENING
Rent increased only $4 from August 2018 to February 2019. That’s the lowest increase represented on this chart. As more apartments come online, rent increases could slow or even begin to drop.
$1,114
5,254
North Charleston $
PERCENTAGE GROWTH IN RENT FROM FEB. 2014 - FEB. 2019
38+62
1,089
8,531
990
Mount Pleasant
10,131
West Ashley
38%
$
2,278
1,152
James Island
1,409
$
Feb. 2019
5,519
No. of units 5,500
5,259
5,150
2,489
Downtown
$1,767
5,439
5,343 4,964
4,587
5,000 4,500
$1,567
Source: Real Data, Charleston Apartment Index, March 2019
The apartment building boom continues in the Charleston region
4,000
– Charleston County
3,700
3,641
3,497 3,140
3,500 3,000 2,500 2,000 1,500 Feb. 2014
Aug. 2014
Feb. 2015
Aug. 2015
Submarket comparison – Total units – Units under construction – Units proposed THE HEADLINE:
MOUNT PLEASANT SURGES
The two areas with the most apartments under construction and proposed as well as the highest rents are Downtown and Mount Pleasant. New permitting laws in Mount Pleasant could slow growth there. SEE PAGE 27
12
0
Downtown
Feb. 2016 1,000
3,000
2,489
Summerville West Ashley
REAL ESTATE | www.charlestonbusiness.com
4,000
Aug. 2017
5,000
1,815
2,278
6,000
Feb. 2018 7,000
8,000
Aug. 2018
Feb. 2019
9,000
10,000
619
1,697
11,000
1,698 802
401 168 8,531
Mount Pleasant North Charleston
Feb. 2017
5,122
Goose Creek James/Johns Island
2,000
Aug. 2016
5,254
508 480 9,269 10,131
811 387 501 Source: Real Data, Charleston Apartment Index, March 2019
SPONSORED CONTENT
Apartment vacancy rates on the rise in the region Vacancy rate
11.3%
12%
10.1%
11% 10% 9% 8%
7.5%
6.7%
7%
5.6%
5.4%
5.3%
6%
8.9%
8.8%
8.3%
10.6%
5% 4% Feb. 2014
Aug. 2014
Feb. 2015
Aug. 2015
Submarket comparison
Feb. 2016 0
3%
Aug. 2016 6%
Feb. 2017 9%
Aug. 2017 12%
Feb. 2018 15%
THE HEADLINE:
Apartment vacancy rates in the tri-county region have been on an upward trend since a low of 5.3% in mid-2014. Downtown Charleston and Mount Pleasant have the highest vacancy rates in the region; those two areas also lead in planned or under construction multifamily units. SEE PAGE 12
24%
14.3%
Mount Pleasant
9.7%
Summerville
9.4%
North Charleston West Ashley
8.0%
James Island
7.8%
Goose Creek
21%
Feb. 2019
23.0%
Downtown
VACANCY IS HIGHEST WHERE THE MOST APARTMENTS ARE BEING BUILT
18%
Aug. 2018
7.5% Source: Real Data, Charleston Apartment Index, March 2019
14
REAL ESTATE | www.charlestonbusiness.com
Office submarket comparison, Q1 2019 Daniel Island
Downtown
Mount Pleasant
Average rental rates per square foot $35
Lower North Charleston
Total inventory in square feet 30%
25%
2,727,015
$27.40
West Ashley
Total vacancy rate
3,322,212
3,000,000
$25.07
Upper North Charleston
3,500,000
$32.73
$30
$25
Summerville/Goose Creek
2,540,683
$25.80
$25.40 $25.68
21.2%
2,500,000
20% 2,000,000
$20
$17.58
1,500,000
$15 1,000,000
$10
$0
15%
1,609,717
500,000
0
15.3% 13.1%
12.2%
1,374,315 973,646
13.2% 9.5%
10% 962,446
7.7% 5%
0% Source: Colliers International
www.charlestonbusiness.com |
REAL ESTATE
15
Industrial market summary statistics, Q1 2019 Berkeley County
Clements Ferry
Goose Creek/Moncks Corner
Average rental rates per square foot
North Charleston
Summerville
Total inventory in square feet
$6.10
$8
Hanahan/North Rhett
20,970,960 20,000,000
$7.00
$7
$5.21
16,000,000
$6
$5.17 $5
12,014,885
12,000,000
$4
$1.98
$3
8,000,000
5,705,864
6,226,089 4,662,872
$2 4,000,000 $1 $0
N/A
0
360,056 Source: Colliers International
16
REAL ESTATE | www.charlestonbusiness.com
Retail submarket comparison, Q4 2018 Outlying Berkeley
Downtown Charleston
East Islands/Mount Pleasant
Average rental rates per square foot
Dorchester County
North Charleston
James Island/Folly Beach
Total inventory in square feet
Total vacancy rate
10,194,543
$40
4.0%
5%
10,000,000
$38.68
Greater Charleston
$35 8,000,000 7,825,151
7,923,862
4%
$30
3.4%
6,435,689 6,000,000
$24.14
$25
$20
$15
$18.57 $18.61 $14.74
4,000,000
$15.78 $16.32
5,634,637
3,949,917
3.2%
3.1%
3%
2%
2.1%
2.0% 1.4%
2,540,683 2,000,000
1%
0
0%
$10
$0
Source: Lee & Associates
www.charlestonbusiness.com |
REAL ESTATE
17
Industrial Buildings Ranked by Available Square Footage
Available Square Feet
Clear Height (in feet)
Dock-Height Truck Doors
Wall Type
Year Built / Status
Brokerage Firm Name / Phone / Website
Omni Industrial Campus 537 Omni Industrial Blvd. Summerville, SC 29483
587,720
36'
111
Concrete Tilt Wall
2018 Existing
Bridge Commercial 843-535-8600 www.bridge-commercial.com
Camp Hall Fish Road Ridgeville, SC 29472
493,500
36'
115
Concrete Tilt Wall
Proposed 2020 Under Construction
JLL - Jones Lang LaSalle 843-805-5111 www.jll.com/charleston
Foreign Trade Zone 1334 Drop Off Drive Summerville, SC 29483
422,191
36'
117
Concrete Tilt Wall
2018 Existing
CBRE Inc. 843-577-0702 www.cbre.us/charlestonsc
Ladson Industrial Park Stoney Road Ladson, SC 29456
420,888
32'
95
Concrete Tilt Wall
2019 Under Construction
JLL - Jones Lang LaSalle 843-805-5111 www.jll.com/charleston
Crosspoint 4289 Crosspoint Drive Ladson, SC 29456
364,000
30'
84
Concrete Tilt Wall
2019 Under Construction
Charleston Industrial 843-377-8383 www.charlestonindustrial.com
Charleston Logistics Center 830 Drop Off Drive Summerville, SC 29456
343,150
32'
64
Concrete Tilt Wall
2018 Existing
Bridge Commercial 843-535-8600 www.bridge-commercial.com
Xebec 9735 Patriot Blvd. Ladson, SC 29456
264,312
32'
42
Concrete Tilt Wall
2019 Existing
CBRE Inc. 843-577-0702 www.cbre.us/charlestonsc
Camp Hall Fish Road Ridgeville, SC 29472
220,775
32'
35
Concrete Tilt Wall
Proposed 2020 Under Construction
JLL - Jones Lang LaSalle 843-805-5111 www.jll.com/charleston
Camp Hall Fish Road Ridgeville, SC 29472
220,775
32'
35
Concrete Tilt Wall
Proposed 2020 Under Construction
JLL - Jones Lang LaSalle 843-805-5111 www.jll.com/charleston
7770 Palmetto Commerce Drive 7770 Palmetto Commerce Drive Ladson, SC 29456
196,540
26'
44
Insulated Precast Concrete
2019 Existing
Beach Commercial, a Division of The Beach Co. 843-722-2615 www.beachcommercialre.com
1124 Newton Way 1124 Newton Way Summerville, SC 29483
171,846
32'
38
Concrete Tilt Wall
2008 Existing
Bridge Commercial 843-535-8600 www.bridge-commercial.com
Palmetto Trade Center 7755 Palmetto Commerce Parkway Ladson, SC 29456
140,760
32'
40
Concrete Tilt Wall
2019 Existing
CBRE Inc. 843-577-0702 www.cbre.us/charlestonsc
Summerville Distribution Complex Deming Way Summerville, SC 29483
131,250
26'
12
Metal
2018 Under Construction
Bridge Commercial 843-535-8600 www.bridge-commercial.com
Summerville Distribution Complex Deming Way Summerville, SC 29483
120,000
26'
12
Metal
2018 Under Construction
Bridge Commercial 843-535-8600 www.bridge-commercial.com
Omni Industrial Campus 635 Omni Industrial Blvd. Summerville, SC 29483
117,000
26' - 29'
17
Insulated Precast Concrete
2018 Existing
Bridge Commercial 843-535-8600 www.bridge-commercial.com
Port City Centre Jedburg Road Summerville, SC 29483
117,000
32'
14
Concrete Tilt Wall
Proposed 2020 Under Construction
Lee & Associates – Charleston 843-747-1200 www.lee-charleston.com
Charleston Trade Center 553 Trade Center Park Summerville, SC 29483
115,500
32'
18
Concrete Tilt Wall
2019 Existing
JLL - Jones Lang LaSalle 843-805-5111 www.jll.com/charleston
North Pointe Commerce Park 1017 Northpointe Industrial Blvd. Hanahan, SC 29410
104,000
32'
27
Concrete Tilt Wall
2018 Existing
Bridge Commercial 843-535-8600 www.bridge-commercial.com
Winding Woods Commerce Park 4756 U.S. Highway 78 St. George, SC 29477
100,500
32'
4
Concrete Tilt Wall
2017 Existing
Newmark Knight Frank 843-870-6406 www.aranewmark.com/offices/charleston
Eastport Commerce Center 104 Pinnacle Way Summerville, SC 29483
64,000
30'
16
Concrete Tilt Wall
2019 Existing
Avison Young – South Carolina Inc. 843-725-7200 www.avisonyoung.com
Address
Source: Bridge Commercial. View the full list online at 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.
18
REAL ESTATE | www.charlestonbusiness.com
Researched by Business Journal staff
Architecture, Engineering and Construction Labor shortages and low unemployment continue to put pressure on constructionrelated companies and developers throughout the Charleston metro region. The cost of construction continues to rise even as demand for commercial, residential and industrial projects increases as more businesses and their employees move into the market.
FAST FACTS
$1,560,000,000
2,215
Total construction costs for the Charleston area
Construction companies in 2018 in the
in 2018, slightly lower than the Greenville area.
Charleston area, a 24.5% increase since 2015.
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ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.charlestonbusiness.com
Total construction costs for S.C. metro areas $2B
THE TREND:
THE LARGEST AREAS TRENDING DOWN
$1.80B
The Charleston and Greenville metro areas have seen total construction costs dip slighlty from their five-year highs in 2017. Columbia and Spartanburg continue to climb.
$1.32B $1.21B
$1.75B
$1.56B
$1.5B
$1.61B
$1.44B
Charleston-North CharlestonSummerville
$1.63B
$1.25B
$1.15B $1.08B
$904M
$871M
$840M
Greenville-Anderson-Mauldin
$760M
$672M
$1.0B
$790M $750M
Columbia
$434M
$387M
$329M
$500M
$232M
$171M
$250 M
Spartanburg
2014
2015
2016
2017
0
2018
Source: U.S. Census Bureau
Housing building permits for S.C. metro areas = 200 homes, 2017
39.3+60.7
19+ 81 3.3+96.7
= 200 homes, 2018
= Percent change from 2017-2018
19%
6,433
3.3%
16+84
4,943
4,785
4.2+95.8
Annual privately owned housing units
-4.3%
7,373
7,056
5,403
16%
2,268
2,631
Spartanburg
22
Columbia
Greenville-Anderson-Mauldin
Charleston-North CharlestonSummerville Source: U.S. Census Bureau
CONSTRUCTION | www.charlestonbusiness.com
New construction homes for sale
October 2017 Peak of New Construction Inventory
1,700
372
Drop in new construction inventory from peak
1,600
1,500
1,400
Top areas: New construction market share in 2018 1,300
45.2%
Johns Island
35.9%
Goose Creek/Moncks Corner 1,200
30.1%
Wando/Cainhoy Area
28.1%
Upper Mount Pleasant
1,100
22.9%
Dorchester Road Corridor 1,000
2014
2015
2016
2017
2018
Source: Charleston Trident Association of Realtors, 2018 Annual Report
Percent of original list price received, Charleston area – New Construction
– Previously owned
THE TREND:
PREVIOUSLY OWNED HOMES PERCENTAGE CONTINUES TO CLIMB
102%
As the months supply of previously owned homes remains low, the percentage of list price they receive edges upward and now sits at 95.8%. New construction still receives a higher percentage at 99.5%. However, those were consistently fetching over 100% of the price for a number of years.
100%
98%
MONTHS SUPPLY OF INVENTORY New construction 5.6
96%
94%
5.0
4.3
4.7
3.9
2014 2015 2016 2017 2018 Previously owned 5.2 4.1
92%
3.5
3.2 3.2
2014 2015 2016 2017 2018
90%
24
2014
2015
2016
2017
2018 Source: Charleston Trident Association of Realtors, 2018 Annual Report
CONSTRUCTION | www.charlestonbusiness.com
New private housing units authorized by building permits in S.C.
4,159
4,400
THE TREND:
Recession
MORE STABLE GROWTH Building permits have increased significantly since 2010, but the rise has been more gradual than the leadup to the housing crisis. Stiffer regulations in the financial sector have contributed to slower growth.
Decemeber 2005
-36%
4,000
decre as peak o e from the f the h ou bubbl sing e
3,600
2,663
3,200
January 2019
2,800
% 6 18
f mo n o t t bo sio the reces m o e th e fr eas t from r c in ou fall the
2,400 2,000
930
1,600
September 2010
1,200 800
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Source: Federal Reserve Bank of St. Louis
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CONSTRUCTION | www.charlestonbusiness.com
Mount Pleasant attempts to control growth through ordinance Mount Pleasant will allow 600 new residential permits each year for the next five years, according to a new ordinance. Of those, 500 permits will be for single-family homes — detached, attached and accessory dwelling units — and 100 will be for multifamily units. An additional 220 new permits will be allowed each year as part of previously approved community plans. This brings the total annual residential permits to 820 per year through 2024. This plan equals an annual growth rate of 2.1% for the town over the next five years.
Increase in dwelling units, 2013-2017
Annual allocations according to ordinance
600 total
Percentage change from previous year
1,232
+3.8% 2013
1,377 1,142
THE TREND:
1,218
1,003
+3.4%
+2.9%
2014
2015
480
Single-family detached
+3.9%
GROWTH WILL SLOW
2.1%
is the expected growth rate, which is considerably less than what was experienced from 2013 to 2017.
+3.2%
2016
100 Multifamily
2017
20 Accessory dwelling units
Total permit allocations over the five-year period, 2019-2024: Single-family dwelling units
Multifamily
Accessory dwelling units
500 permits
2,400 permits
3,000
PERMITS TOTA
L
100 permits Source: Town of Mount Pleasant
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CONSTRUCTION
27
Number of construction jobs by county – Dorchester County
– Berkeley County
– Charleston County 13,517
14,000
12,958
12,000
THE TREND:
CONSTRUCTION JOBS ON THE INCREASE
12,180
15,661
11,052
10,000
total construction jobs in 2015
8,000
19,822
total construction jobs in 2018
6,000
4,000 2,885
3,305 1,982
2,000
3,729 2,015
3,987 2,318
1,724
27+73 26.6%
increase in construction jobs from 2015 to 2018
0
2015
2016
2017
2018 Source: S.C. Commerce Department Labor Market Analysis
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CONSTRUCTION | www.charlestonbusiness.com
Average weekly wage for construction jobs by county – Dorchester County
– Berkeley County
– Charleston County
THE TREND:
$1,200 $1,073
$1,100
$1,000
PERCENTAGE INCREASE IN WEEKLY WAGE FROM 2015 TO 2018, BY COUNTY
$1,117
$949
$936
$1,091
18+82 13+87 12+73 17.7%
$943
Charleston County
$904
$900
$836
$843
$807
$800
$825
12.9%
$731
Dorchester County $700
12.0%
$600
Berkeley County $500
2015
2016
2017
2018 Source: S.C. Commerce Department Labor Market Analysis
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CONSTRUCTION
29
Number of construction companies by county – Dorchester County
– Berkeley County
– Charleston County
1750
1500
THE TREND:
1,170
1,333
1,399
1,513
Charleston County
1000
16.9%
750
250
29+71 17+83 14+86 29.3%
1250
500
PERCENTAGE INCREASE IN COMPANIES FROM 2015 TO 2018, BY COUNTY
325
283
370
304
410
327
380
Dorchester County
322
13.7%
Berkeley County
0
2015
2016
2017
2018 Source: S.C. Commerce Department Labor Market Analysis
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CONSTRUCTION | www.charlestonbusiness.com
Architecture, engineering and construction related occupations and wages, Charleston MSA – 2016
Architecture and engineering occupations Employment
Average hourly wage $35.29 $36.36
7,060
7,020
7,290
$38.27
– 2017
– 2018
Construction and extraction occupations Employment 14,410 15,860
Average hourly wage
16,900
Installation and repair occupations Employment
Average hourly wage
14,660 14,620 15,560
$18.97 $19.35 $20.65
$21.31 $21.60 $22.29
Source: S.C. Commerce Department Labor Market Analysis
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CONSTRUCTION
31
S.C. construction costs mostly below U.S. average, 2018 To price jobs correctly, builders use area modification factors to estimate and adjust costs. Percentage factors in specific South Carolina cities are shown below. Greenville 8% 7% 6% 5% 4% 3% 2% 1% U.S. Average -1% -2% -3% -4% -5% -6% -7% -8%
Beaufort
Myrtle Beach
Charleston
Columbia
Spartanburg
Rock Hill Source: 2018 National Building Cost Manual - Craftsman
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CONSTRUCTION | www.charlestonbusiness.com
Multifamily building permits by MSA
– Charleston
– Columbia
– Greenville
2,500 2,000 1,500 1,000 500 0
2009
2010
2011
Apartment Construction by Metro area 5,343
Charleston Columbia Greenville
783 2,158
2,218
2012
2013
2014
– Under Construction
3,718
5,876 total
2016
– Proposed
4,544
3,001 total
2015
2017
2018
THE TREND:
9,877 total
LOWCOUNTRY AIMS HIGH With more than three times the apartment units under construction and proposed than Columbia, and almost twice that of Greenville, the Charleston market will continue to experience the largest surge in apartment growth in South Carolina. Sources: U.S. Census Bureau, Source: AptIndex.com
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CONSTRUCTION
33
CHARLESTON UNDER CONSTRUCTION
Firefly Distillery 1210 Valdosta St., North Charleston Developer/owner: Firefly Distillery, Charleston Architect: Rush Dixon Architects, Mount Pleasant Project Manager: Atlantic Construction Management, Charleston General contractor: Trident Construction, North Charleston Engineers: Seamon Whiteside, Mount Pleasant (civil, landscape); ADC Engineering, Hanahan (structural); Charleston Engineering, Charleston (mechanical, plumbing, electrical, fire protection) Estimated completion date: Late 2019 or early 2020 The new facility will include a tasting room, gift shop, rentable event space and meeting rooms. The building is situated on several acres along Noisette Creek and has a large outdoor venue for concerts and gatherings.
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CONSTRUCTION | www.charlestonbusiness.com
Charleston County Public Library Support Center renovation 4355 Bridge View Drive, North Charleston Developer/owner: County of Charleston, Charleston Architects: Liollio Architecture Inc., Charleston General contractor: Brantley Construction Co. LLC, North Charleston Engineers: ADC Engineering, Hanahan; 4SE Structural Engineers Inc.; RMF Engineering; J&A Engineering Estimated completion date: Dec. 31, 2019 Estimated total cost of project: $4,799,840 Construction includes renovation of a 22,300-square-foot existing building to accommodate administration offices, conference rooms, training areas, a kitchenette and an automated book sorting machine room. The original building facade will remain with updated entrances, tubular and sun-tracking skylights, and a new PVC membrane roof. Site improvements will include updates to existing loading docks and ramps, pavement and landscaping.
Edmund A. Burns Elementary School 3750 Dorchester Road, North Charleston Developer/owner: Charleston County School District, Charleston Architect: BRPH, North Charleston; John Ciccarelli, Architect, Charleston Project manager: Cumming Corp., North Charleston General contractor: Complete Demolition, Carrollton, Ga. (demolition); McKnight Construction, Augusta, Ga. (general construction) Engineers: SeamonWhiteside, Mount Pleasant (civil); ADC Engineering, Hanahan (structural); REI Engineers, Charleston (building envelope); Owens & Associates, Mount Pleasant (mechanical, electrical and plumbing); S&ME, Mount Pleasant (geotechnical); Camacho Associates, Norcross, Ga. (kitchen design); KLG Jones, Greer (commissioning agent); SRS Engineering, West Columbia (traffic), Fair Consulting, Charleston (specifications); System WorCx, Columbia (energy modeling) Estimated completion date: July 2019 Estimated total cost of project: $17,864,277 The new Edmund A. Burns Elementary School replaces the 1960s-era school on the same site. Designed to accommodate 500 students, the new, 45,000-square-foot school includes classroom space for pre-K through fifth grade, as well as dedicated spaces for a reading room, science lab, computer lab, art studio, multipurpose room, cafeteria and support. The design is responsive to historic trees on the site and insulates students from the busy thoroughfare of Dorchester Road.
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CONSTRUCTION | www.charlestonbusiness.com
Seacoast Church 750 Long Point Road, Mount Pleasant Developer/owner: Seacoast Christian Community Church, Mount Pleasant Architect: LS3P, Charleston General contractor: Hill Construction, Charleston Engineers: Citadel Contractors, Apex, N.C. (structural); DWG, Mount Pleasant (fire protection, plumbing, mechanical, electrical); Wave US, Charlotte (technology systems) Estimated completion date: 2019 The work consists of building a new, two-story addition to the existing worship center. The new concrete tilt-up construction addition will house a new lobby, 2,400 fixed-seat auditorium, green room spaces, production suite, new restrooms, mothers’ rooms, and other necessary support spaces to include demolition of a portion of the existing building to make connection to the new construction.
Nexton Square Nexton, Summerville Developer/owner: RealtyLink, North Charleston Architect: McMillan Pazdan Smith, Charleston General contractor: Ordner Construction, Duluth, Ga. Engineers: LeBlanc/Welch, Greenville (mechanical and plumbing); H2L Engineering, Greenville (electrical); Fuller Consulting Engineers, Greenville (structural); SeamonWhiteside, Mount Pleasant (civil) Estimated completion date: Q2 2019 This project is a new, 140,000-square-foot retail town center on a 17-acre site with single-story commercial buildings.
North Charleston Center for Advanced Studies 1088 E. Montague Ave., North Charleston Developer/owner: Charleston County School District, Charleston Architect: Stevens & Wilkinson, Columbia; Red Iron Architects, North Charleston Project manager: Brownstone Construction Group, North Charleston General Contractor: McKnight Construction Co., Augusta, Ga. Engineers: Critical Systems Engineering, Mount Pleasant (electrical); Hussey Gay Bell, Mount Pleasant (civil); MMSA, Greenville (structural); Owens & Associates, Mount Pleasant (mechanical, plumbing) Estimated completion date: 2020 Estimated total cost of project: $28.8 million This 95,000-square-foot, two-story, 600-student facility will offer high bay facilities for auto collision repair, mechatronics and building construction, and labs for science, technology, engineering and math classes. Other areas will include maker spaces, a two-story exhibition space and 150-seat lecture hall. Additionally, it will house the school district’s audiovisual department, an office suite and career guidance area.
www.charlestonbusiness.com |
CONSTRUCTION
37
Financial Services With more than 85% of the market share, 10 financial institutions in the Charleston region hold nearly $14 billion in deposits, including the top three that topped the billiondollar mark: Wells Fargo Bank, Bank of America and South State Bank. S.C. Federal Credit Union remains the largest credit union based on deposits of more than $1.8 billion.
FAST FACTS
$13,900,000,000 $37,500,000,000 Value of deposits at banking institutions in
Value of total assets at banking
the Charleston metro area.
institutions across South Carolina.
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Charleston MSA deposit market share report, 2018
32
189
24.4+15.6+12.86.65.95.64.64.53.62.911.4
Number of institutions in the market
Number of offices inside market
Other Market Share: 13.5% 10. TD Bank, National Association Deposits: $413 million Market Share: 2.97% 9. SunTrust Bank Deposits: $501 million Market Share: 3.60%
The top 10 banks have
86.5%
8. Pinnacle Bank Deposits: $571 million Market Share: 4.10%
of the market share
7. CresCom Bank Deposits: $677 million Market Share: 4.86% 6. Synovus Bank Deposits: $697 million Market Share: 5.01%
5. First Citizens Bank & Trust Co. Deposits: $902 million Market Share: 6.47%
4. Branch Banking and Trust Co. Deposits: $917 million Market Share: 6.58%
$13.9 billion Total deposits inside market
1. Wells Fargo Bank, National Association Deposits: $3.3 billion Market Share: 23.45%
2. Bank of America, National Association Deposits: $2.2 billion Market Share: 15.76%
3. South State Bank Deposits: $1.8 billion Market Share: 12.76%
Source: FDIC Annual Deposit Market Share Report
Charleston’s largest credit unions, 2018 $1,801,248,390
MEMBERS
159,399
$624,163,442
49,280
$356,027,360
56,462
$53,570,776
7,306
S.C. Federal Credit Union
40
Heritage Trust Federal Credit Union
CPM Credit Union
Latitude 32 Federal Credit Union
$53,426,590
7,831
Santee Cooper Credit Union
$12,112,718
2,374
Berkeley Community Credit Union
$2,811,699
572
C O Federal Credit Union
$1,528,978
845
Charleston County Teachers Federal Credit Union
Source: National Credit Union Association 2018 Quarter 4 reports
FINANCIAL SERVICES | www.charlestonbusiness.com
South Carolina banking performance FDIC insured institutions
Banks with assets less than $100M
Total assets
Banks with assets greater than $100M
Number of institutions reporting THE TREND:
$40B
$30B
$36.0B
$37.5B
THE TREND:
BIG BANKS
$28.1B
$20B
CONSOLIDATION
$35.2B $36.7B
The vast majority of assets are held by banks with assets greater than $100M. The amount of assets in the smaller banks has decreased from $861M in 2016 to $796M in 2018.
The number of banks in the state continues to decrease. This is mostly due to mergers and acquisitions in the banking world.
56
53
2016
2017
50
$27.2B $10B
0 2016
2017
2018
Percentage of unprofitable institutions, 2018 THE HEADLINE:
SMALLER BANKS NOT AS CONSISTENTLY PROFITABLE
When you take a closer look at the profitability of banks, you see a larger percentage of unprofitable smaller banks.
8+92
2018
Yield on earning assets THE HEADLINE:
YIELDS INCREASING ACROSS THE BOARD
The yields banks are earning on their assets continue to rise over time. This is true for both big and small banks.
4.06% 4.18%
4.12%
4.24%
4.23%
4.53%
8.0% of total institutions
Banks with assets less than $100M Banks with assets greater than $100M
42
2.6%
FINANCIAL SERVICES | www.charlestonbusiness.com
25.0% 2016
2017
2018
Source: Federal Deposit Insurance Corp., Division of Insurance and Research
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Demographics and Economic Development Twenty-six people move to the Charleston region each day, data from the Charleston Regional Development Alliance show, making it one of the fastest-growing places in the U.S. and adding additional pressure to provide affordable housing, jobs that keep up with the cost of living and educational opportunities in one of the most desirable regions in the state.
FAST FACTS
34
5,300
Net daily population growth in the
Combined planned number of jobs by 2022
Charleston metro area in 2018.
at Volvo and Mercedes-Benz plants.
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DEMOGRAPHICS AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
Commuting patterns and housing affordability in the region Shifting population and employment centers, combined with the region’s lack of attainable housing, have led to a greater number of people commuting into work from other municipalities, which can lead to transportation congestion for the region. “The center is no longer the center,” said Scott Barhight, associate director of governmental relations for the Charleston Metro Chamber of Commerce.
AREA
Percentage, and total number of, commuters that live and work COMMUTE OUT In same area
COMMUTE IN
Goose Creek
7,351
Summerville
14,433
Mount Pleasant North Charleston
13.2% 24.7%
22,058
35.6%
78,204
Charleston – Peninsula
6.8%
41.1%
51,285
Charleston – West Ashley
17.1%
24,826
Charleston – Daniel Island
9,881
James/ Johns Island
8,264
15.2% 13.0%
7+93 13+87 25+75 36+64 41+59 17+83 15+85 13+87
1,144
15,700
2,524
16,617
8,422
North Charleston
25,653
15,392 6,369
27,808 9,132
6,576 898
North Charleston has the largest number of people commuting in to the area, at 78,204. That’s more than 10% of the tri-county population.
31,862 5,005
3,034
20,273
Charleston – Peninsula Though the peninsula has the largest percentage of residents that both live and work there, the majority of commuters come in from other areas of the Lowcountry.
Median home sale price $962,500 $849,900
$569,271
Drive until you qualify
Most affordable
The price of owning a home in downtown Charleston forces the majority of people who work there to commute from other areas.
With the amount of people commuting to North Charleston, instead of living there, one might conclude that the median home sale price would be high, like downtown Charleston. However, North Charleston is the most affordable area in the study. This suggests there are other reasons people are choosing to live elsewhere.
$520,000
$485,350 $371,000 $327,500
Downtown Charleston
Daniel Island
Upper Mount Pleasant
Lower Mount Pleasant
Upper Peninsula
James Island
Johns Island
$309,000
West Ashley
$240,803
$238,995
Goose Creek
Summerville
$198,000
North Charleston
Source: Charleston Metro Chamber of Commerce Investment Opportunity Study
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EMPLOYMENT AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
2018 Charleston-area population By county and major city
Average daily population growth, 2018
787,643
Total population
221,091
160,647
+8
42,841
51,692
Goose Creek
Summerville
113,237
NET DAILY IN-MIGRATION
Berkeley County
Dorchester County
North Charleston
26
89,338
405,905 Charleston County
Mount Pleasant
BIRTHS MINUS DEATHS
34
136,208 Charleston
TOTAL POPULATION GROWTH PER DAY Source: U.S. Census Bureau
www.charlestonbusiness.com |
Source: Charleston Regional Development Alliance
EMPLOYMENT AND ECONOMIC DEVELOPMENT
47
Volvo Cars by the numbers
Mercedes-Benz Vans by the numbers
The current number of workers at the Berkeley County site building the S60 sedan, which is already in production and being sold at dealerships.
The number of workers at Mercedes-Benz Vans in Ladson in 2015 hired to reassemble Sprinter and Metris vans, which arrived in parts from Europe.
1,400
2,000
The number of workers Volvo Cars plans to employ for S60 production, with hiring expected to continue at the plant through 2019.
4,000
The total number of workers Volvo plans to employ to build the S60 and the XC90 SUV, which will enter production in 2022. Hiring for that vehicle has not yet started. Source: Volvo Cars, January data
48
EMPLOYMENT AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
130
1,100
The number of workers at the Mercedes-Benz Vans site building Sprinter vans from the ground up, along with Metris vans, which are still reassembled.
1,300
The number of workers Mercedes-Benz Vans plans to employ by 2020. The automaker is hiring for a third shift to build Sprinter vans. Source: Mercedes-Benz Vans, January data
BMW jobs in South Carolina Everyone immediately knew it was a big deal when BMW announced in 1992 its intention to build an auto assembly plant in Spartanburg County. Only dreamers would have guessed that the original (and impressive) $600 million investment would grow over time to something approaching $10 billion.
10,000
The number of jobs onsite
$38.5 Billion
According to a 2017 Darla Moore School of Business study, BMW then had a $38.5 billion economic impact, corresponding to 103,921 jobs. Source: BMW Manufacturing
11,000
The number of jobs expected onsite by 2021
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EMPLOYMENT AND ECONOMIC DEVELOPMENT
49
Humans in HR
Human resources managers are in high demand, the U.S. Bureau of Labor Statistics reports. That isn’t surprising with the number of job openings and the complex regulations that must be navigated.
HR managers’ compensation
State Annual salary
Virginia
Georgia
N. Carolina
$136,170 $125,900 $124,160
Florida
$107,950
Alabama
$105,670
S. Carolina
Tennessee
Mississippi
$102,930 $98,960
Additional HR managers expected to be needed in the next 10 years.
$130,000
$54.47
$120,000 $100,000 $90,000
Average hourly wage for HR managers in 2018.
$124,570
80
managers
$80,000 $70,000
Florence
$104,680
460
$104,120
240
$103,380
150
$102,050
90
managers
managers
managers
managers
Greenville
Charleston
Spartanburg
Myrtle Beach
Source: U.S. Bureau of Labor Statistics
50
Number of HR managers in the U.S. as of the latest employment survey in 2016.
12,300
$88,810
HR managers in S.C. - pay and number of hired positions
$110,000
HR managers by the numbers 136,100
EMPLOYMENT AND ECONOMIC DEVELOPMENT | www.charlestonbusiness.com
$101,080
350
managers
Columbia
$88,600
50
managers
Hilton Head
+9%
Ten-year job outlook for human resources managers.
Photo/U.S. Air Force Air man Joshua R. Maund
Defense dollars
Billions of dollars flow through the Palmetto State each year, supporting thousands of jobs and contributing a multiplier effect that ripples through the state’s economy. The Charleston region continues to be the top region for defense spending and No. 2 for jobs in the sector.
Top 10 counties for defense spending 2016
County Contract amounts
Charleston
Richland
Berkeley
58+21+147 7%
$1.2B
Air Force
$229.3M
Beaufort
Sumter
Marion
$101.7M
Greenville
$90.3M
$133.6M
$59.8M
Lexington
$49.4M
14%
THE TREND:
JOINT BASE CHARLESTON
$127.8M
Georgetown Pickens
$290.3M
Who orders the most work
Total defense contracts in South Carolina in 2016 were valued at nearly $5 billion, with the Navy and the Marines ordering the majority of the work.
Other defense
One of the largest employers and economic drivers in the Charleston region.
21%
58%
Army
$14.2M
Defense payroll in South Carolina
Percentage of defense contracts
Tens of thousands of people worked in the defense sector in 2016, which injected $2.4 billion in earnings and wages into the state’s economy. Defense payrolls have declined over the past four years.
$2.8B
Source: U.S. Department of Defense, Office of Economic Adjustment
2013
$2.7B
2014
$2.6B
Navy/ Marines
$2.4B
2015
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2016
EMPLOYMENT AND ECONOMIC DEVELOPMENT
51
Education Disparities among wage-earners with college degrees in the Charleston region show a gap between earning and spending power that’s different among the three counties. More education equates to higher wages in Charleston County compared to Dorchester and Berkeley counties, even though data show workers with less education make more in Berkeley and Dorchester counties than less-educated workers in Charleston County.
FAST FACTS
39.25%
$10,080
Average tuition cost percentage increase at
Average per-pupil spending among the
selected state colleges from 2008 to 2018.
region’s four school districts, a 1.06% decrease.
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Charleston-area school districts Berkeley County School District
229 E. Main St. Moncks Corner, SC 29461 www.bcsdschools.net Grades PK-12 Superintendent: Eddie Ingram Board Chair: Sally Wofford Student-teacher ratio.................23.3 to 1 No. of Teachers....................................2,162
Charleston County School District
Dorchester School District 2
75 Calhoun St. Charleston, SC 29401 www.ccsdschools.com Grades PK-12 Superintendent: Gerrita Postlewait Board Chair: Kate Darby Student-teacher ratio.................22.3 to 1 No. of Teachers................................... 3,471
Dorchester School District 4
115 Devon Road Summerville, SC 29483 do.ddtwo.org Grades PK-12 Superintendent: Joseph Pye Board Chair: Tanya Robinson Student-teacher ratio.................23.0 to 1 No. of Teachers.................................... 1,612
500 Ridge St. St. George, SC 29477 www.dorchester4.k12.sc.us Grades PK-12 Superintendent: Morris Ravenell Board Chair: Kenneth Jenkins Student-teacher ratio..................21.8 to 1 No. of Teachers.......................................176
Four-year cohort graduation rate – Berkeley
– Charleston
– Dorchester District 2
85%
– Dorchester District 4
87.8% 85.9%
88.7%
87.4%
89.9%
86.0%
85.8%
85%
84.2% 83.8% 83.8%
82.9% 81.6%
83.8% 83.5%
83.5%
81.7%
80%
75%
70%
2015
Student enrollment, 2017-2018 40,000
2018 Source: S.C. Department of Education
$13,500 $11,000
34,781
30,000
2017
Per-pupil expenditure, 2017-2018
48,937
50,000
2016
$12,498 $9,475
$9,794 $8,555
$8,500
26,194
20,000
$6,000
10,000
$3,500
2,350 Berkeley
Charleston
Dorchester 2
Average SAT scores, 2018
$50,000
1,100
1047
1096
1085
Dorchester 2
Dorchester 4
$49,172
$50,068 $48,656
$49,090
Dorchester 2
Dorchester 4
$48,000
1017
900
$46,000 $44,000
800
$42,000
Berkeley
54
Charleston
Average teacher salary, 2017-2018
1,200
1,000
Berkeley
Dorchester 4
Charleston
EDUCATION | www.charlestonbusiness.com
Dorchester 2
Dorchester 4
Berkeley
Charleston
Source: S.C. Department of Education
Regional Education Report: Chapter 5 This report – for the fifth consecutive year – documents little progress in how well we, as a region, educate our children. As a result of our work, we’ve learned some things: • We know it doesn’t have to be this way. • We know every child has the ability to learn. • We know systemic racism in education, and in other systems like housing and health care, is preventing significant numbers of children, through no fault of their own, from reaching their full potential.
• We know that despite the best efforts of many educators, the public education system widens the gap among White, Black and Hispanic children in every school. Just reporting proficiency and readiness rates along with the 2025 targets – agreed upon by community leaders in 2016 – is no longer enough. It has become clear that insufficient attention to equity is the central issue impeding educational attainment. Together, we can do better, and we have to in the interest of the region’s children.
To view the entire report go to www.tricountycradletocareer.org
Highest level of educational attainment
Tri-County children Public School Students
Children Under the Age of 5
Overall
113,481
47,850
Black
38,105
13,760
Hispanic
11,066
4,684
White
56,541
28,243
Population with Only a High School Diploma or GED Population with an Associate Degree or Higher 60% 47% 45% 24%
Overall $57,728
Median Income
53% 45%
42% 28%
Black
Hispanic
Median Income
Median Income
$35,957
$43,771
White
$69,852
Median Income
Of the 514,144 adults in the tri-county region, 229,309 have an associate degree or higher level of education. Source: Tri-County Cradle to Career Collaborative
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EDUCATION | www.charlestonbusiness.com
88%
Tri-county residents with medical insurance More than 86,000 residents are not insured.
34%
Regional households with housing-cost burdens (spending 30% or more of income on housing) Nearly 100,000 households in the region have housing-cost burdens.
$24,263 Median student loan debt for S.C. college graduates
South Carolina is among the top 5 states for highest student debt.
Youth apprentice program High school juniors and seniors participating in the Youth Apprentice Program take courses at Trident Technical College two to three days per week to receive dual credit in
Enrollment analysis 70,000
their specific field. They also work as an apprentice at an area company for 10 hours each week during the school year, and then they work full-time as paid apprentices during the
64,592
65,000
summer. Since 2014, 245 apprentices have gone through the college’s program.
A high school diploma
•
30 hours of college credit
•
Credentialing from the U.S. Department of Labor
•
Two years of paid work experience
61,888
92
current student apprentices
58,593 56,505
55,000
54,932
55,405
53,359
54,033
52,933
51,682
51,891
50,079 48,440
50,000
2018/2019 Youth Apprentice Program
incoming student apprentices
59,773
59,240
46,954
53
participating companies
17
career areas
When the recession took hold in 2008, students started to enroll in technical colleges at an increasing rate. Since its height in 2010, enrollment in technical colleges has dropped 19.6%.
45,000
40,000
THE TREND:
ENROLLMENT DROPPING IN TECHNICAL COLLEGES
45,200
52
63,456
60,000
At the end of the two-year apprenticeship, students have earned: •
64,221
62,504
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Technical Colleges: Totals from Aiken Technical College, Central Carolina Technical College, Denmark Technical College, Florence-Darlington Technical College, Greenville Technical College, Horry-Georgetown Technical College, Midlands Technical College, Northeastern Technical College, Orangeburg-Calhoun Technical College, Piedmont Technical College, Spartanburg Community College, Technical College of The Lowcountry, Tri-County Technical College, Trident Technical College, Williamsburg Technical College, and York Technical College Research Institutions: Totals from U.S.C.-Columbia, Clemson University and MUSC
Source: Charleston Metro Chamber of Commerce
Source: S.C. Commission on Higher Education
www.charlestonbusiness.com |
EDUCATION
57
The connection between education and earnings The highest wage-earners in the Charleston region hold a college degree or higher. Someone who holds a graduate degree or higher makes about three times the wage of a person who dropped out of high school. As more skilled jobs come to the region, the opportunity for those holding a degree will grow.
Educational attainment for population 25 years and over, 2017
3+6+231982714 4+8+302411167 3+7+2824111710 2.8%
Less than 9th grade
15.2%
Graduate or professional degree
6.1%
CHARLESTON COUNTY
26.7%
272,967
8.0%
Associate’s degree
18.6%
Some college, no degree
3.5%
Less than 9th grade
Graduate or professional degree
22.6%
High school graduate (includes equivalency)
Population 25 years and over:
Bachelor’s degree
7.8%
9th to 12th grade, no diploma
3.2%
9.9%
Less than 9th grade
Graduate or professional degree
8.1%
15.6%
Bachelor’s degree
9th to 12th grade, no diploma
BERKELEY COUNTY
Population 25 years and over:
10.8%
Associate’s degree
17.6%
Bachelor’s degree
134,623
Population 25 years and over:
30.0%
High school graduate (includes equivalency)
DORCHESTER COUNTY
100,767
11.1%
6.8%
9th to 12th grade, no diploma
27.9%
High school graduate (includes equivalency)
Associate’s degree
23.6%
24.2%
Some college, no degree
Some college, no degree
Median earnings of population 25 years and over, 2017
Berkeley
Charleston
Dorchester
$70K $60K
THE TREND:
HIGHER DEGREE ATTAINMENT, HIGHER WAGES
$50K $40K
The highest median earnings are found in Charleston County, which also has the highest percentage of residents with an associate’s degree or higher at 49.9%.
$30K
$30,929 $26,768 $31,492
$35,132 $32,025 $35,813
$47,641 $50,156 $48,263
$63,033 $64,043 $58,129
$36,428 $38,710 $37,434
$10K
$22,314 $19,450 $20,832
$20K
Less than high school graduate
High school graduate (includes equivalency)
Some college or associate’s degree
Bachelor’s degree
Graduate or professional degree
Median Earnings
Source: U.S. Census Bureau American Community Survey five-year estimates, 2017
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EDUCATION | www.charlestonbusiness.com
Annual college tuition costs
- 2008—2009
- 2018—2019
- percentage change
For selected S.C. public colleges and universities.
CLEMSON UNIVERSITY
$10,608
$14,970 $11,731
MUSC**
USC COLUMBIA*
$8,838
THE CITADEL
$8,428
COLLEGE OF CHARLESTON
$8,400
COASTAL CAROLINA
$8,650 $7,806
SC STATE TRIDENT TECHNICAL COLLEGE
$3,330 $0
$2,000
$4,439 $4,000
$14,018
$12,616 $13,036 $12,418 $11,536
43% 55%
$8,000
19%
THE TREND:
THE COST OF HIGHER EDUCATION CONTINUES TO RISE
48% In 10 years the cost of higher education has grown exponentially. The Citadel’s tuition has risen the most during this time with a 55% increase. The cost of attending Trident Tech is running about a third of the other colleges and universities listed in this chart.
33%
$11,060
42%
$10,000
$12,000
33% $6,000
41%
$14,000
$16,000
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
www.charlestonbusiness.com |
EDUCATION
59
Import, Export and Distribution The S.C. State Ports Authority continues to set new records for container volume, a trend aided in large part by increased exports to countries such as Canada, China, Germany and Mexico. South Carolina manufacturers exported a record $34.6 billion in goods in 2018 to more than 195 countries and territories (page 65).
FAST FACTS
1,364,235
$38.6 BILLION
Total pier container volume at S.C. ports
The Charleston metro region’s annual
in fiscal year 2019, a 24.7% increase over FY2015.
gross domestic product for 2017.
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S.C. State Ports Authority, FY2019 Pier container volumes
Pier container volumes 1,364,235
1,250,828
1,207,704 1,094,906
Inland Port Greer
Inland Port Dillon
153,375
30,063
1,096,806
rail lifts
rail lifts
12.34 minutes FY2015
FY2016
FY2017
FY2018
average turn time
FY2019
Rail TEUs
embarked and port-of-call
from FY2018
= 50,000 passengers
462,470 551,024
FY2019
FY2018 FY2019
*Note: Rail TEUs are based on the TEUs to pier containers ratio since rail dray stats are not broken down by container size at this time.
Vehicles moving through the port = 10,000 vehicles
FY2018
232,075
-16.2% 213,081 FY2019
Source: S.C. State Ports Authority
62
average turn time
Cruise passengers
19.1% FY2018
9.60 minutes
IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
from FY2018
225,483 213,081
Gross domestic product by metropolitan area, 2007-2017
2007 GDP
54.4%
Percentage change from 2007-2017
2017 GDP
37.8%
Measured in Billions of US Dollars
$80B $70B $60B $50B
32.4%
54.8%
43.0%
$40B $30B
49.6%
40.2%
$53.8B $83.3B
$29.9B $42.1B
$60.0B $82.7B
$30.9B $40.9B
$13.2B $18.5B
Asheville, N.C.
$27.0B $38.6B
$20.2B
$10B
$13.5B
$20B
Charleston
Raleigh, N.C.
Greenville
Richmond, Va.
Columbia
Savannah
Source: U.S. Department of Commerce Bureau of Economic Analysis
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IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
S.C. exporters sell $34.6 billion in goods South Carolina set a record for total export sales in 2018, marking the ninth consecutive year of growth. S.C. exporters sold $34.6 billion in products in more than 195 countries and territories around the world last year, up 7.5% from 2017, according to data from the S.C. Commerce Department.
54+8+1116
S.C.’s top export markets in 2018
Mexico: 8%
t h e r s: 5
Germany: 11%
ll o
Canada: 11%
A
4%
China: 16%
S.C.’s top-valued export commodities in 2018
$10 billion
Vehicles and parts
$8 billion Aircraft
$4 billion
Nuclear reactors, boilers, machinery and parts
$2 billion Rubber
$1 billion Plastics
Source: S.C. Commerce Department
www.charlestonbusiness.com |
IMPORT, EXPORT AND DISTRIBUTION
65
South Carolina importing and exporting TOP 5 COUNTRIES SENDING IMPORTS TO S.C., 2018 Germany
23.7%
from 2015
$8B
Mexico
-7.9%
from 2015
Canada
11.4%
Japan
7.1%
from 2015
from 2015
-50.0%
27.3%
from 2015
from 2015
$7.3B $6.9B
$6.6B $5.9B
China
8.1%
from 2015
Germany
Mexico
-2.6%
12%
from 2015
$6.9B
$6.6B
$5.9B
$6.4B
$6B
from 2015
UK
-14.3%
from 2015
$6.2B $5.6B
$5B
$5B $4B $4B
Canada
$7B
$7.5B
$7B $6B
China
TOP 5 COUNTRIES RECEIVING EXPORTS FROM S.C., 2018
$3.5B
$3B $2.8B $2B $2.6B
$3.9B
$3.6B
$3.4B $2.9B
$3.0B
$2.8B
$1.3B
$1.3B
$1B 0 2015
$3.7B
$3B $2.8B $2B
$1.5B
2016
2017
2018
$4.4B $3.9B
$3.7B $3.5B $2.8B
$2.5B $2.1B
$3.8B $3.6B $2.6B $2.3B
$4.0B $3.8B $2.8B $2.4B
$1B 0 2015
2016
Source: U.S. Census Bureau
2017
2018 Source: U.S. Chamber of Commerce
Charleston MSA exporting
Export Share of U.S. GDP (Pct.) 14% 12%
Top five industries by real exports, 2017 AIRCRAFT PRODUCTION & PARTS: $1.3B - 32%
43% Increase
PAPER PRODUCTS: $240M - 5.6% NONFERROUS METAL PRODUCTS: $180M - 4.3%
10%
RESINS & SYNTHETIC RUBBERS: $170M - 4.1%
8% MANAGEMENT & CONSULTING: $130M - 3.2%
6%
Top five industries by total export-supported jobs, 2017
4%
AIRCRAFT PRODUCTION & PARTS: 6,480
2%
PAPER PRODUCTS: 1,160
0%
ACCOMMODATION SERVICES: 1,030
7.9% 11.3%
RANK: 42 RANK: 23 66
2003 2017
MANAGEMENT & CONSULTING: 980 FOOD & DRINK SERVICES: 720
IMPORT, EXPORT AND DISTRIBUTION | www.charlestonbusiness.com
Source: Brookings and JPMorgan Chase
Hospitality and Tourism Tourism in the Charleston area represents $4.2 billion of South Carolina’s $21 billion tourism industry, data from the College of Charleston’s School of Business show. The region’s robust hospitality market and national exposure by major travel publications and positive reviews continue to drive one of the highest-visibility sectors in the state.
FAST FACTS
72.4%
$8.1 BILLION
Increase in passenger counts at Charleston
Total economic impact of tourism in
International Airport from 2012 to 2018.
Charleston, an increase of 145% since 2014.
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HOSPITALITY AND TOURISM | www.charlestonbusiness.com
Estimation of tourism economic impacts in the Charleston Area – 2014
– 2018
Visitors
Total economic impact
Spending per visitor per day
Labor earnings
increase from 2014 to 2018
increase from 2014 to 2018
increase from 2014 to 2018
increase from 2014 to 2018
49%
7.3M
145%
$8.1B
4.9M $3.3B
21%
$188
$228
133%
$2.8B
$1.2B
Source: College of Charleston Office of Tourism Analysis
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HOSPITALITY AND TOURISM | www.charlestonbusiness.com
Accommodating the tourism sector Admissions taxes for selected counties
These counties were among the highest admissions tax collectors in South Carolina for fiscal year 2017-18. Not every county had enough businesses to make the annual reports.
County Taxes 2017-2018
Horry
Charleston
$6,447,970
Richland
$4,190,652*
Beaufort
$4,078,479
Greenville
$9,914,700
The most admissions taxes were collected in Horry County for the 20172018 fiscal year.
-0.2%
Admissions tax collections statewide were down slightly from the previous fiscal year.
914
$3,311,045
York
Pickens
Berkeley
$999,158
Aiken
$839,369
Number of licensed businesses charging admissions in South Carolina in 2018, up from 890 in 2017.
$2,237,251 $1,990,093
Lexington
$792,968
Spartanburg
$779,326
Georgetown
$695,102
Anderson
$515,525
Florence
$446,183
Dorchester
$9,914,700
$39,505,146.46
Amount of admissions taxes collected by South Carolina businesses and parks for fiscal year 2017-2018.
+19.5%
The Grand Strand Horry County accounts for more than 25% of the state’s admissions taxes, in part because of Myrtle Beach’s attractions.
Spartanburg County saw the largest year-over-year percentage increase in admissions tax collections in 2017-2018 from the previous fiscal year.
-9.4%
Berkeley County had the largest yearover-year percentage decrease in admissions tax collections in 2017-2018 from the previous fiscal year.
$413,915 *Richland County totals include admissions taxes for every park in the S.C. state parks system along with licensed amusements within the county. Sources: S.C. Department of Parks, Recreation and Tourism, S.C. Department of Revenue
www.charlestonbusiness.com |
HOSPITALITY AND TOURISM
71
U.S. Women’s Open brings money, exposure to region Scorecard Charleston $5 million tournament purse
500 number of media
credentials issued
25 number of hours Fox
Sports live-streamed tournament coverage and vignettes of the Charleston community without any commercials
Source: U.S. Golf Association
72
HOSPITALITY AND TOURISM | www.charlestonbusiness.com
48% percentage of total
attendees who traveled from outside Charleston for the tournament
$35 million
estimated economic impact of the tournament
1,800 number of volunteers coming from 44 states and three countries, including 1,200 volunteers from South Carolina
International exposure The tournament, played May 30June 2 at Charleston Country Club, was streamed live by Fox Sports and the USGA for 25 hours with no commercials to more than 190 countries. “There’s nothing like getting that international exposure for a community like this,” Allison Lee, championship manager of the U.S. Golf Association, said before the tournament. Fox also showcased short vignettes of the area during the tournament, giving businesses and tourist attractions a chance to advertise to a large audience, officials said. “You literally have the opportunity to shape the messaging that you want the world to see. ... To show the beauty of Charleston and all that it has to offer ... is an incredible residual effect,” said Mimi Griffin, owner of golf corporate hospitality firm MSG Promotions Inc.
Restaurants are big business It doesn’t take an expert to know the restaurant industry and its customers have undergone a great deal of change in the last few decades. Palates changed dramatically and our appreciation for convenience grew, while our time in home kitchens dropped. Nothing tells the tale quite so clearly as a few hard facts, however. According to the National Restaurant Association, annual U.S. sales were $42.8 billion in 1970; in 2018 that number had swelled to $833.1 billion.
The number of restaurant and food service jobs in South Carolina
$10.7 billion
9,669
Estimated sales in South Carolina’s restaurants in 2018.
Eating and drinking locations in South Carolina in 2018.
2018 2028
13.4%
234,200
GROWTH
265,500
Sources: National Restaurant Association, Morgan Stanley Research
X G R H < DUH ,QYLW Get face to face with your target audience.
Business Journal events put you directly in touch with the people who matter in our area. Each event provides tremendous visibility through effective and targeted sponsorship opportunities. Forty Under 40 • North Charleston Business Expo • Health Care Heroes • Power Breakfast Series
For sponsorship information, call Steve Fields at (843) 849-3110. www.charlestonbusiness.com |
HOSPITALITY AND TOURISM
73
Charleston International Airport
72+28
Total enplanements and deplanements by year
72.4%
Growth from 2012 to 2018
4,500,000
3,704,270
4,000,000
Enplanements by airlines for FY2018
4,470,239 3,987,756
3,418,089 3,500,000 2,923,621 3,000,000
3,131,072
2,592,763
500,000
Other 1,624
10,014
Allegiant Airlines
28,900
Frontier Airlines 2
3
31,961
Alaska Airlines
JetBlue Airlines 268,677
1,000,000
United Airlines 1 306,741
1,500,000
Southwest Airlines 335,630
2,000,000
American Airline 1 515.043
Delta Air Line 1 598,160
2,500,000
1) Includes commuter and regional airlines 2) Frontier Airlines began service February 2018 3) Allegiant Airlines began service April 2018
0 2012
2013
2014
2015
2016
2017
2018
Source: Charleston International Airport
The economic impact of weddings in the Charleston MSA, 2018
5,768
$154,299,768
Number of weddings
Amount spent
$26,751 Average wedding cost
$70
Hair service
$56
Makeup service
$726
$1,244
Wedding dress
Wedding DJ/MC
$348 $483
Bouquets
$215
Tuxedo rental
$155
$1,581
Wedding photographer
Boutonnieres, corsages
$449
Wedding ring for him
$3,354
Engagement ring
Limo rental
$767
Wedding ring for her
74
HOSPITALITY AND TOURISM | www.charlestonbusiness.com
Source: The Wedding Report Inc., 2018
Medical and Health Care South Carolina and the Charleston metro area continue to struggle with access to health care and other related issues, including persistent medical challenges such as heart disease, cancer, diabetes and prenatal care. However, in 2017, the state saw positive gains in the number of obese adults, preventable hospitalizations and infant mortality.
FAST FACTS
39
-51%
South Carolina’s national ranking in child
Decrease in South Carolina for children
well-being, according to a survey.
without health insurance, compared to 2010.
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S.C. ranks 39th in national survey of child well-being South Carolina ranked 39th in the nation in the Annie E. Casey Foundation’s 2019 Kids Count Data Book report. The state ranked 38th in children’s health, with five percent, or 60,000 of its children, without health insurance. This represents a 5% decrease in that number since 2010. Those numbers were in line with nationwide figures. Five percent of children, or 3.9 million, across the country lacked health insurance in 2017.
ECONOMIC WELL-BEING
The economic well-being of a child has a direct effect on a their health. Overall the economic well-being of families is improving over time, as the indicators below show. However, there is still a wide disparity when you look at the numbers by race/ethnicity.
Percentage of children in poverty 30 29 28 27 26 25 24 23 22 21 20
27.3%
Percentage of families where household head lacks a high school diploma
18% was the percentage of
children in the U.S. living in poverty in 2017.
26.4% 24.4%
14
12.8% 12.4%
11.8%
10.8%
10 8
23.0%
22.3%
6 4 2
2013
2014
2015
Percentage of children living in areas of concentrated poverty by race/ethnicity – White Non-Hispanic
2016
2017
0
2009 - 2013
2010 - 2014
2011 - 2015
– Black or African American
– Some other race
– Hispanic or Latino
2013 - 2017
– Total Population Note: Non-Hispanic Black and African American is not available from the Census Bureau’s American Community Survey Summary tables. Therefore, race/ethnic groups represented in this table are not mutually exclusive. The category of white includes only non-Hispanic white. The categories “Black or African American” and “Some Other Race” include both Hispanic and non-Hispanic.
25% 20% 15% 10% 5% 0%
2009 - 2013
HEALTH
2010 - 2014
2011 - 2015
– White
2013 - 2017
Infant mortality rate by race
S.C. compared to the U.S.
Number of infants who died before their first birthday per 1,000 annual live births by race. – White – Black or other race
– Black
42%
– S.C. Low birth-weight babies
12
40%
9.7%
10
38%
8.3%
8
36% 34%
6
32%
Children and teen deaths per 100,000
4
30%
2
28%
2013
2012 - 2016
When you look at the health outcomes in South Carolina, they are improving over time. Again when you break it down by race the disparity is clear. For example, the infant mortality rate for minorities is almost double that of whites.
Percentage of babies born to mothers with less than adequate prenatal care by race
26%
2012 - 2016
The estimated number and percentage of children under age 18 by race/ethnicity living in a census tract with an estimated poverty level of 30% or greater, as determined using American Community Survey 5-Year Estimates.
30%
2014
2015
2016
2017
Percent births where birth certificate indicates mother with less than adequate prenatal care as measured by the Kessner Index.
78
11.3%
12
MEDICAL AND HEALTH CARE | www.charlestonbusiness.com
0
2013
33 2014
2015
2016
2017
Percent births where birth certificate indicates mother with less than adequate prenatal care as measured by the Kessner Index.
26
– U.S. Children without health insurance 5.0%
5.0%
Teens who abuse alcohol or drugs 4.0%
4.0%
Source: The Annie E. Casey Foundation Kids Count Data Center
Helping the helpers Physician assistants practice medicine under the supervision of a doctor, filling in the gaps and expediting care for medical facilities. More than 1,000 physician assistants are actively certified to practice in South Carolina.
Number of PAs active in selected states State Active Florida North Carolina
6,094
Georgia
Virginia
Tennessee
South Carolina
4,227 3,317 2,075
1,208 1,051
Source: Henry J. Kaiser Family Foundation, October 2018
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MEDICAL AND HEALTH CARE | www.charlestonbusiness.com
Physician assistant demographics for S.C
91.7%
Most practicing physician assistants in S.C. are white.
67.8%
Most physician assistants in S.C. are women
40.6%
The majority of practicing physician assistants in S.C. are between the ages of 30 and 39. Source: National Commission on Certification of Physician Assistants
PA salaries in selected states
Virginia
$100,050
Georgia
$100,000
North Carolina
$99,393
$99,300
Florida
South Carolina
Tennessee $85K
$97,000 $95,000
$90K
$95K
Source: Becker’s Hospital Review, 2017
Opioid crisis in South Carolina Prescription drugs are the leading cause of drug-related overdose deaths. The governor’s office has instituted rules that cover prescribing drugs for patients by doctors in an attempt to curb the abuse of painkillers across the Palmetto State.
Number of drug-related overdose deaths in S.C.
782
800
684
641
700
748
572
600
Total drug overdoses
118
616
565
500
Number of drug-related overdose deaths by county
508
362
400
Charleston
300
68
100 0
2014
2015
- Prescription Drug
144
108
95
57
2016
- Total Opioid
- Heroin
27
Dorchester
Berkeley
Prescription drug overdoses
190
130
200
28
99
2017
- Fentanyl Charleston
Note: Catagories of drugs are not mutually exclusive Source: S.C. Department of Health and Environmental Control
25
22
Berkeley
Dorchester
Primary care physicians per capita Primary care physicians include practicing non-federal physicians (M.D.’s and D.O.’s) under age 75 specializing in general practice medicine, family medicine, internal medicine and pediatrics. The ratio represents the number of individuals served by one physician in a county, if the population was equally distributed across physicians. For example, if a county has a population of 50,000 and has 20 primary care physicians, their ratio would be 2,500:1.
= 100 individuals
one physician
one physician
one physician
Berkeley County 2,930 to 1
Dorchester County 2,560 to 1
Charleston County 800 to 1
Source: County Health Rankings & Roadmaps
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MEDICAL AND HEALTH CARE | www.charlestonbusiness.com
Business Resources and Government A variety of organizations, government agencies and educational institutions provide information for industrial growth, entrepreneurship and doing business among specific sectors and in different counties and communities. A lot of information found in Market Facts comes from these agencies after being distilled to the most comparative data for the Charleston metro region. Direct help can be found by contacting these organizations, which are dedicated to providing avenues for businesses to locate and expand throughout the region and state by offering reliable information and advice.
FAST FACTS
84
787,643
+55.6%
Number of residents living in the
Over 15 years, Dorchester County saw the
Charleston region at the end of 2018.
largest percentage of population growth.
CHARLESTON REGIONAL COMPETITIVENESS CENTER
CHARLESTON REGIONAL COMPETITIVENESS CENTER
BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com
Business Assistance Organizations
American Bureau of Shipping 1670 Drydock Ave. North Charleston, SC 29405 843-566-9500 www.eagle.org Works alongside its partners tackling the most pressing technical, operational and regulatory challenges so the marine and offshore industries can operate safely, securely and responsibly BCD Council of Governments 5790 Casper Padgett Way North Charleston, SC 29405 843-529-0400 www.bcdcog.com A voluntary association of, by and for local governments and was established to assist local governments in planning for common needs, cooperating for mutual benefit, and coordinating for sound regional development; purpose is to strengthen both the individual and collective power of local governments and to help them
Center for Business Research 4500 Leeds Ave., Suite 100 North Charleston, SC 29405 843-577-2510 www.charlestonchamber.org/commerce/ economic-competitiveness Serves as the center for the compilation, interpretation and distribution of business and economic data for the three-county Charleston Metropolitan Area Charleston Angel Partners LLC 5 Liberty Street Charleston, SC 29401 843-478-7483 www.chapsc.com A member-driven organization composed of Charleston area business professionals who work together to help support high growth economic development in the region
Charleston Branch Pilots’ Association 6 Concord St. Charleston, SC 29401 843-577-6695 www.charlestonpilots.com Chartered by the State of South Carolina to perform a number of functions related to assuring 24 hour, seven days a week logistics and administrative services for the member pilots of the Association Charleston Digital Corridor 385 Meeting St., Suite 100 Charleston, SC 29403 843-724-3773 www.charlestondigitalcorridor.com Community-sourced initiative to attract, nurture and promote the region’s tech economy through an array of impactful programs, products and events while leveraging Charleston’s renowned livability; focused on creating the business, education and social environment that is attractive to tech and tech-related companies and leverages its care
www.charlestonbusiness.com |
Charleston LDC 2 Race St. Charleston, SC 29403 843-973-7298 www.charlestonldc.org Community-driven nonprofit dedicated to growing the local economy by providing flexible, affordable, and customizable loans to small businesses Charleston Port & Seafarers’ Society Wando Terminal Mount Pleasant, SC 29464 843-856-7046 www.charlestonseafarers.org Welcome and serve the needs of those men and women who make their livelihood in the port or at sea, without regard for nationality, race, ethnicity, politics, or religion International Longshoremen’s Association Local 1422 1142 Morrison Drive Charleston, SC 29403 843-720-7360 www.ilalocal1422.org Representing longshoremen and their distinguished work
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MUSC Foundation for Research Development 135 Cannon St., Suite 101L Charleston, SC 29425 843-876-1900 www.musc.edu/frd Evaluating all intellectual assets the enterprise owns and generates, extracting value and forging industry and other relationships resulting in products and services that provide real-life solutions to the world’s medical needs S.C. Association for Community Economic Development 18 Leinbach Drive, #F Charleston, SC 29407 843-579-9855 www.communitydevelopmentsc.org Raise the quality of life for low-wealth families and communities by advancing the community economic development industry in South Carolina through the capacity building of local community development corporations through the provision of grassroots leadership development, access to capital, advocacy and technical assistance
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S.C. Society for Human Resource Management - Tri-county Chapter P.O. Box 6272 North Charleston, SC 29419 843-819-5129 www.palmetto.shrm.org Promotes the educational and professional development resources and services of the society; adopts programs to promote the progress, visibility and welfare of the group and its members in the human resources profession, including leadership training and succession planning and provides programs and services to chapter members S.C. Works 1930 Hanahan Road, Suite 200 North Charleston, SC 29406 843-574-1800 www.toscc.org Provide the highest quality workforce development services available to our customers
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Small Business Devlopment Center Charleston Area 6296 Rivers Ave., #300 North Charleston, SC 29406 843-740-6160 www.scsbdc.com Advance South Carolina’s economic development by helping entrepreneurs grow successful businesses U.S. Export Assistance Center 5300 International Blvd., #201C North Charleston, SC 29418 843-760-3794 www.buyusa.gov/southcarolina A network of international trade specialists and commercial officers in 200 cities worldwide that supports exports of American goods and services U.S. Small Business Administration 3294 Ashley Phosphate Road, Suite 1D North Charleston, SC 29406 843-225-7430 www.sba.gov/sc Provides programs and services directly to the small business community
Chambers of Commerce
Berkeley Chamber of Commerce 1004 Old U.S. Highway 52 Moncks Corner, SC 29461 843-761-8238 www.berkeleysc.org Serve as the voice of our members and business community in matters of economic development, education and legislative concerns; support and promote the success of our members through Chamber programs, professional development and leadership Charleston Metro Chamber of Commerce 4500 Leeds Ave. North Charleston, SC 29405 843-577-2510 www.charlestonchamber.org Initiate, advocate and empower our region to advance a prosperous business environment
Edisto Chamber of Commerce 42 Station Court Edisto Island, SC 29438 843-869-3867 www.edistochamber.com Promoting member businesses in our community and to the tourism industry; represent our members’ voices in our local government; providing and sharing resources, leads, referrals, and networking opportunities Greater Summerville/Dorchester County Chamber of Commerce 402 N. Main St. Summerville, SC 29483 843-873-2931 www.greatersummerville.org Protect and promote the quality of life in the community, with specific emphasis in improving economic vitality and providing a favorable business climate Mount Pleasant Chamber of Commerce P.O. Box 1635 Mount Pleasant, SC 29465 843-800-2258 www.mountpleasantchamber.org Encouraging business and community success East of the Cooper North Charleston Chamber of Commerce 7679 Dorchester Road, Suite 400 North Charleston, SC 29418 843-410-0321 www.northcharlestonchamber.org A catalyst for the economic growth of our members and the community through education; exchanging ideas and information; sharing experiences and solutions; networking and recognition Sea Islands Chamber of Commerce 2817 Maybank Highway, Unit 1 Johns Island, SC 29455 843-793-1234 www.seaislandschamber.org Improve and enhance the economic vitality and the quality of life for the total community and area
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Tri-County Regional Chamber of Commerce - St. George 225 N. Parler Ave. St. George, SC 29477 843-563-8187 www.tri-crcc.com
Take a proactive role in improving the general welfare, prosperity and quality of life for all citizens of the Tri-County Regional Chamber of Commerce area
Economic Development Agencies
Berkeley County Economic Development Department 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4094 www.berkeleymeansbusiness.com Support a beautiful and quickly-growing county that has become a very popular relocation destination for businesses and families alike Charleston Digital Corridor 385 Meeting St., Suite 100 Charleston, SC 29403 843-724-3773 www.charlestondigitalcorridor.com Community-sourced initiative to attract, nurture and promote the region’s tech economy through an array of impactful programs, products and events while leveraging Charleston’s renowned livability; focused on creating the business, education and social environment that is attractive to tech and tech-related companies and leverages its care Charleston LDC 2 Race St. Charleston, SC 29403 843-973-7298 www.charlestonldc.org Community-driven nonprofit dedicated to growing the local economy by providing flexible, affordable, and customizable loans to small businesses Charleston Regional Development Alliance 4401 Belle Oaks Drive, Suite 420 North Charleston, SC 29405 843-767-9300 www.crda.org Full-service professional economic development organization representing Berkeley, Charleston and Dorchester counties, serving as a confidential resource to help streamline the site selection process, assisting companies with issues such as buildings and sites, financing, talent attraction, and workforce training
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Dorchester County Economic Development 402 N. Main St. Summerville, SC 29483 843-875-9109 Create an environment that supports new business growth and retention, enabling companies to succeed for generations; work to strengthen and prepare our community for the future; to provide our citizens with the opportunities to grow and prosper in Dorchester County Eastside Community Development Corporation 60 America St., #A Charleston, SC 29403 843-952-7193 www.ecdcorp.org Community-based organization; acts as a liaison between its citizens and city officials to build and sustain our community by providing economic and social services Lowcountry Housing & Economic Development Foundation Inc. 2106 Mount Pleasant St. Charleston, SC 29403 843-722-0596 www.lowcountryhousingfoundation.org Help the people of the South Carolina lowcountry improve their lives through economic development, home ownership, housing rehabilitation, job preparation and financial management training services Metanoia Community Development Corp. 2005 Reynolds Ave. North Charleston, SC 29405 843-529-3014 www.pushingforward.org Works with the residents of communities that have experienced decline due to lack of investment and capital flight; attract investment to the quiet assets that already exist within these neighborhoods Net International Community Development Corp. 2308 N. Main St. Summerville, SC 29483 843-834-2006 www.thenetintl.com/cdc Reach, bridge and build emerging generations through education, affordable housing, service learning, and the arts
S.C. Association of Community Development Corporations P.O. Box 20577 Charleston, SC 29413 843-579-9855 www.scaced.org Improve the quality of life for low wealth families and communities by advancing the community economic development industry in South Carolina S.C. Launch 645 Meeting St. Charleston, SC 29403 843-760-3200 www.sclaunch.org An independent, non-profit corporation affiliated with SCRA, which provides loans and investments to selected South Carolina-based companies participating in the SC Launch Program SCRA 645 Meeting St. Charleston, SC 29403 843-760-3200 www.scra.org South Carolina Research Authority (SCRA); a public, non-profit corporation that fuels South Carolina’s innovation economy Small Business Devlopment Center Charleston Area 6296 Rivers Ave., #300 North Charleston, SC 29406 843-740-6160 www.scsbdc.com Advance South Carolina’s economic development by helping entrepreneurs grow successful businesses Trident Technical College Division of Continuing Education and Economic Development 2001 Mabeline Road Charleston, SC 29423 843-574-6152 www.tridenttech.edu/ce Workforce development; offer fully customized corporate training programs and consultative services designed to strengthen your teams, motivate your employees and propel your business forward
S.C. Trade Associations
American Institute of Architects South Carolina Chapter 803-252-6050 Promote a culture of mentorship and collaboration among our members, in order to support personal and professional development across all firms and career stages American Lung Association in South Carolina 843-556-8451 Save lives by improving lung health and preventing lung disease Carolina Credit Union League 800-822-8859 Primary advocate for credit unions, focusing members’ collective political voice Home Builders Association of South Carolina 843-572-1414 A professional, non-profit; promoting housing for people of all income levels and the production of quality homes
Independent Banks of South Carolina 803-537-0414 Advocate for and represent independent community banks in South Carolina
health, preventing mental disorders and achieving victory over mental illness through advocacy, education, research and service
Independent Insurance Agents & Brokers of South Carolina 803-731-9460 Provide members with the tools, knowledge and protection they need to serve clients effectively and build a successful agency
Mining Association of South Carolina 843-634-7106 Promotes harmony within the industry and with the general public consistent with high standards of responsibility and integrity
Manufactured Housing Institute 803-771-9046 Maximize opportunities for South Carolinians to enjoy the benefits of factorybuilt homes Maritime Association of South Carolina 843-577-7678 A member-based trade association which connects the Maritime Association industry and entities who support maritime commerce
Municipal Association of South Carolina 803-799-9574 Offer the services, programs and tools that will give municipal officials the knowledge, experience and tools for enabling the most efficient and effective operation of their municipalities in the complex world of municipal government
Mental Health America of South Carolina 803-779-5356 Improving the lives of people with mental illness in South Carolina, promoting mental
NAACP South Carolina State Conference 803-754-4584 Ensure the political, educational, social and economic equality of rights of all persons and to eliminate race-based discrimination
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National Golf Course Owners Association 843-881-9956 Serves as a resource for information and inspiration on how to operate golf facilities as efficiently and profitably as possible National Guard Association of South Carolina 803-254-8456 Serve as the local arm of the National Guard Association of the Unites States to represent and protect the interests of our nation’s defense and SC Citizen Soldiers Palmetto State Teachers Association 803-256-2065 Organized as an alternative to the union, PSTA believes educators should have the right to join a professional association to have their voices heard S.C. Alliance to Fix Our Roads 803-799-2518 Educate the public and our elected officials about the importance of improving and investing in our transportation infrastructure
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S.C. Arts Commission 803-734-8696 Offer resources and support to artists, educators and community groups all across our great state S.C. Asphalt Pavement Association 803-252-2522 A non-profit trade association; protect, promote and advance the progress, interest and welfare of the producers of plant mixed asphalt paving materials S.C. Association of Convenience Stores 803-419-0804 Dedicated to unifying, serving and representing the convenience store industry of South Carolina S.C. Association of Counties 803-252-7255 Empower county officials through advocacy, education and collaboration S.C. Association of CPAs 803-791-4181 Protect and promote the value of the CPA credential
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S.C. Association of Health Underwriters 843-779-7009 Represents those individuals engaged in providing products and services that help finance the cost of health care for South Carolina consumers S.C. Association of Nurse Anesthetists 803-931-0696 Promote continuing education among CRNAs in South Carolina S.C. Association of Railroads 843-727-2067 Bring information about our industry and its vital economic importance to the South Carolina legislature, government agencies and the general public S.C. Association of Realtors Inc. 803-772-5206 Ensure that the products, programs and services provided to members contributes to their success as real estate professionals S.C. Association of School Administrators 803-798-8380
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Strive to have great leaders in every school and district in South Carolina who ensure the success of every student S.C. Association of Tire Dealers and Retreaders 803-748-9700 Advance and safeguard the business interests of Independent Tire Dealers and Retreaders and to promote cooperative relationships among those in the industry S.C. Association of Tourism Regions 800-868-8118 Promote and develop travel and tourism as an economic development activity in all areas of South Carolina S.C. Automobile Dealers Association 803-252-0205 Advocates on behalf of its members in public policy, regulatory issues and economic developments impacting the automotive industry S.C. Bankers Association 803-779-0890 Professional trade association organized to effectively represent the common interest
and welfare of the banking industry in South Carolina and to promote the professional development of its members and their employees S.C. Bar 803-799-6653 Continually improve the administration of justice throughout the State S.C. Beer Wholesalers Association 803-779-3373 A non-profit trade association representing the State’s independent beer wholesalers S.C. Broadcasters Association 803-732-1186 The trade association for radio and television stations in the state of South Carolina S.C. Cable Television Association 803-708-4851 A non-profit trade association whose members joined together to advance the common interests of the cable industry in South Carolina
S.C. Chapter Alzheimer’s Association 864-224-3045 Eliminate Alzheimer’s disease through the advancement of research; provide and enhance care and support for all affected; educe the risk of dementia through the promotion of brain health S.C. Dental Association 803-750-2277 Represents member dentists in order to promote and provide optimal oral health care to all citizens of the state of South Carolina by serving as an advocate to advance the profession of dentistry S.C. Economic Developers Association 803-929-0305 A not for profit organization of members whose primary objective is to increase the effectiveness of individuals involved in the practice of economic development in South Carolina by encouraging cooperation, exchange of information and promotion of professional skills S.C. Education Association 803-772-6553 Advocate for quality public education in South Carolina S.C. Farm Bureau Federation 800-628-4571 Promote agricultural interests in the state of South Carolina and optimize the lives of those involved in agriculture while being respectful to the needs and concerns of all citizens of our state S.C. Forestry Association 803-798-4170 Supporting SC’s wood and paper products industry including manufacturers, timberland owners, foresters, wood dealers and logging companies by promoting sustainable forestry, use of wood and paper products, and working forests S.C. Golf Association 803-732-9311 Promote, preserve and serve the game of golf S.C. Health Care Association 803-772-7511 Empower our members to help improve their patients’ lives by delivering healing and compassionate care to the state’s most
vulnerable population – the elderly, frail and disabled S.C. Hospital Association 803-796-3080 A private, not-for-profit organization made up of member hospitals and health systems and personal members associated with our institutional members; serve as the collective voice of the state’s hospital community S.C. Independent Colleges & Universities Inc. 803-799-7122 Provide information and resources to assist students and parents, while promoting independent higher education in South Carolina S.C. Law Enforcement Officers Association 800-922-0038 A professional association of law enforcement officers that have the common goal of advancing and enhancing the law enforcement profession in South Carolina S.C. Manufacturers Alliance 803-799-9695 Provides a vehicle for all manufacturers to advocate their interests at the legislative, regulatory and executive levels in South Carolina S.C. Medical Association 803-798-6207 Provides a voice for the medical profession and creates opportunities to improve the health of all South Carolinians S.C. Newspaper Network 803-750-9561 Helping advertisers use newspapers effectively and efficiently S.C. Nursery & Landscape Association 803-743-4284 Education and research for nursery and landscape professionals in South Carolina S.C. Nurses Association 803-252-4781 Represent all South Carolina registered nurses in a membership organization to promote and advocate the role of the registered nurse to improve health for all
S.C. Optometric Physicians Association 803-799-6721 Preserve, promote and advance the profession of optometry ensuring access to quality eye care in South Carolina S.C. Petroleum Council - Division of API 803-799-9588 To promote safety across the industry globally and to influence public policy in support of a strong, viable U.S. oil and natural gas industry S.C. Petroleum Marketers Association 803-765-9570 The voice for the petroleum marketers in South Carolina S.C. Pharmacy Association 803-354-9977 Serve its members, enabling them to advance the practice and science of pharmacy S.C. Poultry Federation 803-779-4700 Preserve, promote and protect the activities that bring value to stakeholders of the poultry industry in the State of South Carolina S.C. Primary Health Care Association 803-788-2778 Represent public and private partnerships working together to improve the health status of their respective communities S.C. Restaurant and Lodging Association 803-765-9000 Provide superior value and effective communication by being the voice of the foodservice and lodging industry in government and public relations, educational programs, offering operational benefits and creating opportunities for member involvement S.C. School Boards Association 800-326-3679 Advocating for quality public education while ensuring excellence in school board performance through training and service
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S.C. Society of Professional Land Surveyors 803-771-4271 Advance the public welfare and the professional, social and economic interests of the Land Surveyor by promotion of education, legislation and public relations through the establishment and maintenance of high ethical standards and practices S.C. Specialty Food Association 803-734-0648 Non-profit association seeks to further the development and awareness of the South Carolina specialty foods industry through education, networking, peer support/ mentoring and promotions S.C. Telecommunications and Broadband Association 803-779-7282 Pursue statewide strategies that encourage the deployment of technologies that will enable SCTBA members to be the best providers of telecommunication and broadband products and services to South Carolina S.C. Timber Producers Association 803-957-9919 Serve as the voice for timber harvesting and allied timber businesses; advance the ability of its members to professionally, ethically, efficiently, safely, environmentally and profitably harvest, produce and transport timber; providing continuing educational and training opportunities S.C. Trucking Association Inc. 803-799-4306 Advocate, educate and collaborate for successful trucking operations in S.C. Transportation Association of South Carolina 864-654-2287 Comprised of numerous entities involved in the business of providing quality transportation services United Way Association of South Carolina 803-929-1000 Maximize the capacity and effectiveness of local United Ways and provide leadership on issues that impact the quality of life of South Carolina residents
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Legislative Representatives S.C. Governor Henry D. McMaster (R) State House 1100 Gervais St. Columbia, SC 29201 803-734-2100 www.governor.sc.gov S.C. Lieutenant Governor Pamela Evette (R) State House 1100 Gervais St. Columbia, SC 29201 803-734-2100 www.governor.sc.gov
U.S. SENATE Lindsey Graham (R) 290 Russell Senate Office Building Washington, DC 20510 202-224-5972 www.lgraham.senate.gov Local office: 530 Johnnie Dodds Blvd., Suite 202 Mount Pleasant, SC 29464 843-849-3887 Tim Scott (R) 104 Hart Senate Office Building Washington, DC 20510 202-224-6121 855-425-6324 www.scott.senate.gov Local office: 2500 City Hall Lane, 3rd Floor Suite North Charleston, SC 29406 843-727-4525
U.S. HOUSE OF REPRESENTATIVES Joe Cunningham (D) 1st Congressional District – Beaufort, Berkeley, Charleston, Colleton, and Dorchester counties 423 Cannon House Office Building Washington, DC 20515 202-225-3176 cunningham.house.gov Local Office 530 Johnnie Dodds Blvd., Suite 201 Mount Pleasant, SC 29464 843-352-7572
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James E. Clyburn (D) 6th Congressional District – Allendale, Bamberg, Beaufort, Berkeley, Calhoun, Charleston, Clarendon, Colleton, Dorchester, Hampton, Jasper, Orangeburg, Richland, Sumter and Williamsburg counties 200 Cannon House Office Building Washington, DC 20515 202-225-3315 clyburn.house.gov Local Office 176 Brooks Blvd. Santee, SC 29142 803-854-4700
STATE SENATE
All addresses are in Columbia, SC 29201 Ronnie A. Sabb (D) District No. 32 — Berkeley, Florence, Georgetown, Horry and Williamsburg counties 504 Gressette Building 803-212-6032 RonnieSabb@scsenate.gov Stephen L. Goldfinch (R) District No. 34 — Charleston, Georgetown and Horry counties 513 Gressette Building 803-212-6172 StephenGoldfinch@scsenate.gov Lawrence K. “Larry” Grooms (R) District No. 37 — Berkeley and Charleston counties 203 Gressette Building 803-212-6400 LarryGrooms@scsenate.gov
Marlon E. Kimpson (D) District No. 42 — Charleston and Dorchester counties 508 Gressette Building 803-212-6132 MarlonKimpson@scsenate.gov George E. “Chip” Campsen III (R) District No. 43 — Berkeley, Charleston and Colleton counties 305 Gressette Building 803-212-6340 ChipCampsen@scsenate.gov Paul G. Campbell Jr. (R) District No. 44 — Berkeley, Charleston and Dorchester counties 402 Gressette Building 803-212-6230 PaulCampbell@scsenate.gov Margie Bright Matthews (D) District No. 45 — Allendale, Beaufort, Charleston, Colleton, Hampton and Jasper counties 502 Gressette Building 803-212-6108 MargieBrightMatthews@scsenate.gov
STATE HOUSE OF REPRESENTATIVES
All addresses are in Columbia, SC 29201 JA Moore (D) District No. 15 — Berkeley and Charleston counties 432A Blatt Building 803-212-6890 JAMoore@schouse.com
Sean Bennett (R) District No. 38 — Berkeley, Charleston and Dorchester counties 205 Gressette Building 803-212-6410 SeanBennett@scsenate.gov
Joseph S. Daning (R) District No. 92 – Berkeley County 310C Blatt Building 803-734-2951 JoeDaning@schouse.gov
John W. Matthews Jr. (D) District No. 39 — Berkeley, Calhoun, Colleton, Dorchester and Orangeburg counties 613 Gressette Building 803-212-6056 JohnMatthews@scsenate.gov
Converse A. “Con” Chellis IV ® District No. 94 – Charleston and Dorchester counties 308A Blatt Building 803-212-6871 ConChellis@schouse.gov
Sandy Senn (R) District No. 41 — Charleston and Dorchester counties 601 Gressette Building 803-212-6116 SandySenn@scsenate.gov
Mandy W. Kimmons (R) District No. 97 – Colleton and Dorchester counties 310A Blatt Building 803-212-6973 MandyKimmons@schouse.gov
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Chris Murphy (R) District No. 98 – Dorchester County 3O8D Blatt Building 803-212-6925 ChrisMurphy@schouse.gov Nancy Mace (R) District No. 99 — Berkeley and Charleston counties 308B Blatt Building 803-212-6717 NancyMace@schouse.gov Sylleste H. Davis (R) District No. 100 — Berkeley County 414C Blatt Building 803-212-6930 SyllesteDavis@schouse.gov Joseph H. Jefferson Jr. (D) District No. 102 — Berkeley and Dorchester counties 304B Blatt Building 803-734-2936 JosephJefferson@schouse.gov Lee Hewitt (R) District No. 108 – Charleston and Georgetown counties 327D Blatt Building 803-212-6297 LeeHewitt@schouse.gov David J. Mack III (D) District No. 109 — Charleston and Dorchester counties 328D Blatt Building 803-734-3192 DavidMack@schouse.gov William Scott Cogswell Jr. (R) District No. 110 – Charleston County 310B Blatt Building 803-212-6950 WilliamCogswell@schouse.gov Wendell G. Gilliard (D) District No. 111 – Charleston County 328B Blatt Building 803-212-6793 WendellGilliard@schouse.gov F. Michael “Mike” Sottile (R) District No. 112 – Charleston County 310D Blatt Building 803-212-6880 MikeSottile@schouse.gov Marvin R. Pendarvis (D) District No. 113 — Charleston and Dorchester counties 328A Blatt Building 803-212-6716 MarvinPendarvis@schouse.gov
Linda “Lin” Bennett (R) District No. 114 — Charleston and Dorchester counties 414D Blatt Building 803-212-6948 LinBennett@schouse.gov Peter M. McCoy Jr. (R) District No. 115 — Charleston County 512 Blatt Building 803-734-3120 PeterMcCoy@schouse.gov Robert L. Brown (D) District No. 116 – Charleston and Colleton counties 330D Blatt Building 803-734-3170 RobertBrown@schouse.gov Krystle N. Simmons (D) District No. 117 — Berkeley and Charleston counties 414A Blatt Building 803-212-6879 KrystleSimmons@schouse.gov Leonidas E. “Leon” Stavrinakis (D) District No. 119 — Charleston County 522C Blatt Building 803-734-3039 LeonStav@schouse.gov
OTHER CONSTITUTIONAL OFFICES
All addresses are in Columbia, SC 29201 unless noted Secretary of State Mark Hammond Edgar Brown Building 1205 Pendleton St., Suite 525 803-734-2170 rdaggerhart@sos.sc.gov www.scsos.com State Treasurer Curtis M. Loftis Jr. Wade Hampton Building 1200 Senate St., Suite 214 803-734-2101 treasurer@sto.sc.gov www.treasurer.sc.gov Attorney General Alan Wilson Rembert Dennis Building 1000 Assembly St., Room 519 803-734-3970 info@scattorneygeneral.com www.scag.gov S.C. Comptroller General Richard Eckstrom 305 Wade Hampton Office Building 1200 Senate St. 803-734-2121 cgoffice@cg.state.sc.us www.cg.sc.gov
State Superintendent of Education Molly Spearman Rutledge Building 1429 Senate St. 803-734-8500 SCSuptED@ed.sc.gov ed.sc.gov
Commerce Director of Targeted Rural Strategy and Special Projects Maceo Nance, director 1201 Main St., Suite 1600 803-737-0440 mnance@sccommerce.com www.sccommerce.com
Commissioner of Agriculture Hugh E. Weathers Wade Hampton Building 1200 Senate St., 5th Floor P.O. Box 11280 Columbia, SC 29211 803-734-2190 hweathe@scda.sc.gov agriculture.sc.gov
S.C. Department of Employment and Workforce Executive Director Dan Ellzey 1550 Gadsden St. P.O. Box 995 Columbia, SC 29202 803-737-2400 dew.sc.gov Charleston SC Works Center 1930 Hanahan Road, Suite 200 North Charleston, SC 29406 843-574-1800
Adjutant General Maj. Gen. Van McCarty 1 National Guard Road 803-806-4217 jessica.c.donnelly.mil@mail.mil www.scguard.com
OTHER STATEWIDE OFFICES S.C. Secretary of Commerce Robert M. “Bobby” Hitt III 1201 Main St., Suite 1600 803-737-0400 info@sccommerce.com www.sccommerce.com
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Berkeley SC Works Center 305 Heatley St. Moncks Corner, SC 29461 843-761-4400 Dorchester SC Works Center 1325-A Boone Hill Road Summerville, SC 29483 843-821-0695
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County Governments BERKELEY COUNTY GOVERNMENT Supervisor Johnny Cribb 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4094 johnny.cribb@berkeleycountysc.gov www.berkeleycountysc.gov County Council C. Kevin Cox, District 1 843-998-0433 kevin.cox@berkeleycountysc.gov Joshua Whitley, District 2 843-696-9094 josh.whitley@berkeleycountysc.gov
Treasurer Carolyn Umphlett P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4040 carolyn.umphlett@berkeleycountysc.gov
CHARLESTON COUNTY GOVERNMENT Lonnie Hamilton III Public Services Building 4045 Bridge View Drive North Charleston, SC 29405 843-958-4000 www.charlestoncounty.org
Treasurer Mary Tinkler Main Office: O.T. Wallace County Office Building 101 Meeting St., Room 108 Charleston, SC 29401 843-958-4360 mtinkler@charlestoncounty.org
Administrator Jennifer Miller Lonnie Hamilton III Public Services Building 4045 Bridge View Drive North Charleston, SC 29405 843-958-4000 www.charlestoncounty.org
County Service Centers East Cooper Service Center 1189 Sweetgrass Basket Parkway Mount Pleasant, SC 29464 843-856-1201 – Treasurer 843-856-1200 – Auditor
Brandon Cox, District 5 brandon.cox@berkeleycountysc.gov
County Council Herbert Ravenel “Herb” Sass III, District 1, vice chairman 843-766-7500 hsass@charlestoncounty.org
North Area Service Center Lonnie Hamilton III Public Services Building 4045 Bridge View Drive Charleston, SC 29405 843-202-6692 – Treasurer 843-202-6691 – Auditor
Jack H. Schurlknight, District 6 843-830-1804 jack.schurlknight@berkeleycountysc.gov
Dickie Schweers, District 2 843-513-9229 dickieschweers@tds.net
Caldwell Pinckney Jr., District 7 803-492-3150 caldwell.pinckney@berkeleycountysc.gov
J. Elliott Summey, District 3, chairman 843-958-4031 esummey@charlestoncounty.org
Steve C. Davis, District 8 843-761-7727 steve.davis@berkeleycountysc.gov
Henry Darby, District 4 843-901-6793 henrydarby@msn.com
Economic Development Barry Jurs, director 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4096 barry.jurs@berkeleycountysc.gov www.berkeleymeansbusiness.com
Teddie E. Pryor Sr., District 5 843-958-4030 tpryor@charlestoncounty.org
Auditor Janet Brown Jurosko P.O. Box 6122 1003 U.S. Highway 52 Moncks Corner, SC 29461 843-719-4309 janet.jurosko@berkeleycountysc.gov
C. Brantley Moody, District 7 843-270-2483 bmoody@charlestoncounty.org
Phillip Obie II, District 3 843-532-6243 phillip.obie@berkeleycountysc.gov Tommy Newell, District 4 843-442-2109 tommy.newell@berkeleycountysc.gov
A. Victor “Vic” Rawl, District 6 843-766-7334 vrawl@charlestoncounty.org
Anna B. Johnson, District 8 843-795-3970 ajohnson@charlestoncounty.org Jenny Costa Honeycutt, District 9 843-693-6447 jhoneycutt@charlestoncounty.org
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Auditor Peter Tecklenburg O.T. Wallace County Office Building 101 Meeting St., Room 101 Charleston, SC 29401 843-958-4200 ptecklenburg@charlestoncounty.org
BUSINESS RESOURCES AND GOVERNMENT | www.charlestonbusiness.com
St. Paul’s Service Center: 5962 S.C. Highway 165, Suite 300 Ravenel, SC 29470 843-889-3025 – Treasurer 843-889-8351 – Auditor
DORCHESTER COUNTY GOVERNMENT St. George Office (Main): Kenneth F. Waggoner Building 201 Johnston St. St. George, SC 29477 Summerville Office: 500 N. Main St. Summerville, SC 29483 843-563-0100 www.dorchestercountysc.gov Administrator Jason L. Ward 201 Johnston St. Kenneth F. Waggoner Building St. George, SC 29477 843-563-0100
County Council Harriet Holman, District 1 843-563-0196 HHolman@DorchesterCountySC.gov David Chinnis, District 2, vice chairman 843-801-2326 DChinnis@DorchesterCountySC.gov George Bailey, District 3, chairman 843-563-2314 GBailey@DorchesterCountySC.gov Larry Hargett, District 4 843-514-7135 Hargett1940@gmail.com Eddie Crosby, District 5 843-832-0196 ECrosby@DorchesterCountySC.gov William R. “Bill” Hearn Jr., District 6 843-442-5787 Bill.WRHearn@gmail.com Jay Byars, District 7 843-324-6732 ByarsJ@gmail.com Economic Development John M. Truluck, director 402 N. Main St. Summerville, SC 29483 843-875-9109 jtruluck@dorchestercounty.gov www.dorchesterforbusiness.com Auditor James “JJ” Messervy Jr. Main Office: 843-563-0118 Summerville Office: 843-832-0118 Treasurer Cindy L. Chitty Main Office: 843-563-0165 Summerville Office: 843-832-0165 cchitty@dorchestercounty.net www.dorchestercountytaxesonline.com
Regional Municipalities Awendaw Mayor Miriam C. Green 6971 Doar Road Awendaw, SC 29429 843-928-3100 miriamcgreen@ gmail.com www.awendawsc.org Planning: 843-928-4204 Bonneau Mayor Rembert E. Wrenn 420 Municipal Lane Bonneau, SC 29431 843-312-1654 843-825-3385 Charleston Mayor John J. Tecklenburg 80 Broad St. Charleston, SC 29401 843-577-6970 tecklenburgj@charleston-sc.gov www.charleston-sc.gov Planning, Preservation & Sustainability: Jacob Lindsey 843-724-3765 lindseyj@charleston-sc.gov Building Permits: 843-577-5550 Building Inspections: 843-724-7320 Business Licenses: 843-742-3711 Economic Development: 843-9584506 Zoning: 843-724-3755 Folly Beach Mayor Timothy Goodwin 21 Center St. Folly Beach, SC 29439 843-729-0298 tgoodwin@cityoffollybeach.com www.cityoffollybeach.com Building Official: Eric Lutz 843-708-9982 elutz@cityoffollybeach.com Zoning Administrator: Aaron Pope, 843-513-1839; apope@ cityoffollybeach.com Permits and Licenses: Scott Valentine, 843-513-1832; svalentine@ cityoffollybeach.com Goose Creek Mayor Gregory S. Habib 519 N. Goose Creek Blvd. Goose Creek, SC 29445 843-797-6220, ext. 1111 ghabib@cityofgoosecreek.com www.cityofgoosecreek.com Planning Department: Mark Brodeur 843-797-6220, ext. 1118 mbrodeur@cityofgoosecreek.com Economic Development: Matt Brady 843-797-6220, ext. 1125 mbrady@cityofgoosecreek.com
Hanahan Mayor Christie Rainwater 1255 Yeamans Hall Road Hanahan, SC 29406 843-554-4221 crainwater@cityofhanhan.com www.cityofhanahan.com Planning/Economic Development: Jeff Hajek 843-885-5045 jhajek@cityofhanahan.com Harleyville Mayor Charles Ackerman 122 W. Main St. Harleyville, SC 29448 843-462-7676 harleyville@usa.net www.harleyvillesc.com Hollywood Mayor John Dunmyer III 5150 S.C. Highway 165 Hollywood, SC 29449 843-889-3222 www.townofhollywood.org Planner/Zoning: Roy DeHaven roydehavenrealty@yahoo.com Permits: Tammy Haynes thaynes@townofhollywood.org Isle of Palms Mayor Jimmy Carroll 1207 Palm Blvd. Isle of Palms, SC 29451 843-452-1200 843-886-6428 jcarroll@iop.net www.iop.net Building Permits and Business Licenses: Douglas Kerr 843-886-9912 dkerr@iop.net James Island Mayor Bill Woolsey 1122 Dills Bluff Road James Island, SC 29412 843-697-7020 mayorwoolsey@jamesislandsc.us www.jamesislandsc.us Building Official: John Porcelli 843-795-4141 jporcelli@jamesislandsc.us Planning and Zoning: Kristen Crane 843-795-4141 kcrane@jamesislandsc.us Jamestown Mayor Roy P. Pipkin 7604 S.C. Highway 41 P.O. Box 145 Jamestown, SC 29453 843-257-2233
Kiawah Island Mayor Craig E. Weaver 4475 Betsy Kerrison Parkway Kiawah Island, SC 29455 843-768-9166 cweaver@kiawahisland.org www.kiawahisland.org Planning: John Taylor, 843-768-9979; jtaylor@kiawahisland.org Building Official: Bruce D. Spicher, 768-9166, ext. 122; bspicher@ kiawahisland.org Business Licenses: 843-768-9166, businesslicenses@kiawahisland.org Lincolnville Mayor Charles B. Duberry 141 W. Broad St. Lincolnville, SC 29485 843-873-3261 cdmayor@bellsouth.net McClellanville Mayor Rutledge B. Leland III 405 Pinckney St. McClellanville, SC 29458 843-887-3712 www.townofmcclellanville-sc.net Zoning: Kathryn S. Basha mcclellanvillezoning@tds.net Meggett Mayor Harry V. “Buster” Herrington III 4776 S.C. Highway 165 Meggett, SC 29449 843-889-3622 busterherrington@comcast.net www.townofmeggettsc.org Planning/Zoning/Business Licenses: clerk@townofmeggettsc.org Moncks Corner Mayor Michael A. Lockliear 118 Carolina Ave. P.O. Box 700 Moncks Corner, SC 29461 843-719-7910 michael@monckscornersc.gov www.monckscornersc.gov Community Development/Zoning: Doug Polen 843-719-7913 doug.polen@monckscornersc.gov
Mount Pleasant Mayor Will Haynie 100 Ann Edwards lane Mount Pleasant, SC 29464 843-884-8517 www.townofmountpleasant.com whaynie@tompsc.com Planning/Development: Jeff Ulma 843-884-1229 julma@tompsc.com Building Inspection and Zoning: 843-884-5184 Business Licenses: 843-849-2786 Business Development: John Holladay 843-884-8517 businessandtourism@tompsc.com North Charleston Mayor R. Keith Summey 2500 City Hall Lane North Charleston, SC 29406 843-740-2501 mayor@northcharleston.org www.northcharleston.org Building Inspection and Permits: Darbis Briggman, 843-740-2560; dbriggman@northcharleston.org Economic Development: John Cawley 843-740-2530 JCawley@northcharleston.org Zoning: Gwen Moultrie 843-740-2572 gmoultrie@northcharleston.org Ravenel Mayor Opal N. Baldwin 5962 S.C. Highway 165, Suite 100 Ravenel, SC 29470 843-889-8732 www.townofravenel.com Inspections: Carl Cochran Reevesville Mayor Paul Wimberly 6800 Johnston Ave. Reevesville, SC 29471 843-563-9122 pwimb@ntinet.com Ridgeville Mayor Clarence Hughes Jr. 105 School St. Ridgeville, SC 29472 843-871-7960 ridgevilleclerk.treasurer@gmail.com www.ridgevillegov.com
St. George Mayor Anne J. Johnston 305 Ridge St. St. George, SC 29477 843-563-3032 www.saintgeorgesc.org St. Stephen Mayor John Rivers 124 Hood St. St. Stephen, SC 29479 843-567-3597 Building/Planning/Zoning: Hank Jackson 843-567-3597 Seabrook Island Mayor Ronald Ciancio 2001 Seabrook Island Road Seabrook Island, SC 29455 843-768-9121 rciancio@townofseabrookisland.org www.townofseabrookisland.org Zoning Appeals: Joe Cronin, town administrator, jcronin@townofseabrookisland.org Licenses/Permits: Lynda Stearns, lstearns@townofseabrookisland.org Sullivan’s Island Mayor Patrick M. O’Neil 2056 Middle St. Sullivan’s Island, SC 29482 843-670-9266 oneilp@sullivansisland-sc.com sullivansisland.sc.gov Building Official: 843-883-5732 Planning/Zoning: Joe Henderson 843-883-5733 jhenderson@sullivansisland-sc.com Permits/Business Licenses: Jessi Gress 843-883-5727 jgress@sullivansisland-sc.com Summerville Mayor Wiley Johnson 200 S. Main St. Summerville, SC 29483 843-851-4239 MayorJohnson@SummervilleSC.gov www.summervillesc.gov Business Licenses: 843-851-4215 Planning & Economic Development: Jessi Shuler 843-851-4214 JShuler@SummervilleSC.gov Building Permits: Kerrie Specht 843-851-4203 bldgplanspdf@summervillesc.gov
Rockville Mayor Riley A. Bradham II P.O. Box 9 Wadmalaw Island, SC 29487 843-214-0539 www.townofrockville.com www.charlestonbusiness.com | BUSINESS RESOURCES AND GOVERNMENT
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Index Real Estate.........................................................................................................4
Education.........................................................................................................52
Residential home sales in the Charleston region...................................................................................................... 6
Charleston-area school districts.......................................................................................................................................54
Days on market to sale..............................................................................................................................................................7
Regional Education Report: Chapter 5..........................................................................................................................56
Inventory of homes for sale....................................................................................................................................................7
Youth apprentice program...................................................................................................................................................57
Housing affordability in the Charleston area............................................................................................................... 8
Enrollment analysis.................................................................................................................................................................57
New home listings over 5 years.........................................................................................................................................10
The connection between education and earnings.................................................................................................58
Change in new listings from 2017 to 2018......................................................................................................................10
Annual college tuition costs................................................................................................................................................59
Single-family homes vs. condos in the Charleston area........................................................................................11 Charleston-area apartment market.................................................................................................................................12
Import, Export and Distribution....................................................................60
Apartment vacancy rates on the rise in the region.................................................................................................14
S.C. State Ports Authority, FY2019.....................................................................................................................................62
Office submarket comparison, Q1 2019...........................................................................................................................15
Gross domestic product by metropolitan area, 2007-2017..................................................................................64
Industrial market summary statistics, Q1 2019...........................................................................................................16
S.C. exporters sell $34.6 billion in goods......................................................................................................................65
Retail submarket comparison, Q4 2018.......................................................................................................................... 17
South Carolina importing and exporting......................................................................................................................66
Industrial buildings...................................................................................................................................................................18
Charleston MSA exporting....................................................................................................................................................66
Architecture, Engineering and Construction..............................................20
Hospitality and Tourism.................................................................................68
Total construction costs for S.C. metro areas.............................................................................................................22
Estimation of tourism economic impacts in the Charleston Area...................................................................70
Housing building permits for S.C. metro areas..........................................................................................................22
Accommodating the tourism sector................................................................................................................................71
New construction homes for sale....................................................................................................................................24
U.S. Women’s Open brings money, exposure to region......................................................................................... 72
Percent of original list price received, Charleston area.......................................................................................24
Restaurants are big business............................................................................................................................................. 73
New private housing units authorized by building permits in S.C..................................................................26
Charleston International Airport........................................................................................................................................74
Mount Pleasant attempts to control growth through ordinance..................................................................... 27
The economic impact of weddings in the Charleston MSA, 2018.....................................................................74
Number of construction jobs by county.......................................................................................................................28 Average weekly wage for construction jobs by county........................................................................................29
Medical and Health Care................................................................................76
Number of construction companies by county........................................................................................................30
S.C. ranks 39th in national survey of child well-being...........................................................................................78
Architecture, engineering and construction related occupations and wages, Charleston MSA..........31
Helping the helpers..................................................................................................................................................................80
S.C. construction costs mostly below U.S. average, 2018....................................................................................32
Opioid crisis in South Carolina...........................................................................................................................................82
Multifamily building permits by MSA..............................................................................................................................33
Primary care physicians per capita................................................................................................................................82
Charleston Under Construction.........................................................................................................................................34
Business Resources and Government..........................................................84 Financial Services..........................................................................................38
Business Assistance Organizations................................................................................................................................85
Charleston MSA deposit market share report, 2018................................................................................................40
Chambers of Commerce........................................................................................................................................................86
Charleston’s largest credit unions, 2018.......................................................................................................................40
Economic Development Agencies...................................................................................................................................88
South Carolina banking performance............................................................................................................................42
S.C. Trade Associations...........................................................................................................................................................89 Legislative Representatives................................................................................................................................................92
Demographics and Economic Development...............................................44
County Governments...............................................................................................................................................................94
Commuting patterns and housing affordability in the region...........................................................................46
Regional Municipalities.........................................................................................................................................................95
2018 Charleston-area population......................................................................................................................................47 Average daily population growth, 2018..........................................................................................................................47 Volvo Cars by the numbers..................................................................................................................................................48 Mercedes-Benz Vans by the numbers...........................................................................................................................48 BMW jobs in South Carolina................................................................................................................................................49 Humans in HR..............................................................................................................................................................................50 Defense dollars............................................................................................................................................................................51
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