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Letter from the editor Publisher - Rick Jenkins rjenkins@scbiznews.com • 864.720.1224 UPSTATE NEWSROOM Editor - Ross Norton rnorton@scbiznews.com • 864.720.1222 Staff Writer - Molly Hulsey mhulsey@scbiznews.com • 864.720.1223 Associate Editor, Custom Publishing Division Jim Tatum jtatum@scbiznews.com • 864.720.2269 MIDLANDS NEWSROOM Editor - Melinda Waldrop mwaldrop@scbiznews.com • 803.726.7542 LOWCOUNTRY NEWSROOM Executive Editor - Andy Owens aowens@scbiznews.com • 843.849.3142
Last year in this spot I wrote about the odor of fresh paint and curing concrete in Greenville, where from a single vantage point it was easy to see multiple large cranes busy at work. It seemed to represent the progress that permeated most of the Upstate at the time. It was as though nothing could stop us, certainly not a small thing. We did not anticipate something microscopic, though. The novel coronavirus smacked us in the face. Aside from how it affected individuals and families, it brought change to business that was, over and over, called unprecedented. Many businesses were hurt, some destroyed, while others grew and some launched. The year 2020 will be remembered and studied for generations. When they study the Upstate under pandemic, they will find that we stumbled but didn’t fall, and that the business community was part of the solution to one of our great challenges. Some of that is reflected in these pages, in our first look back at a year that tried us. Ross Norton, Editor
Contents
Staff Writer - Teri Errico Griffis tgriffis@scbiznews.com • 843.849.3144 Senior Copy Editor - Beverly Barfield bbarfield@scbiznews.com • 843.849.3115 Editor, Custom Publishing Division Steve McDaniel smcdaniel@scbiznews.com • 843.849.3123 Research Specialist - Paige Hardy phardy@scbiznews.com • 843.849.3125 Digital Editorial Assistant - Alexandria Ng ang@scbiznews.com • 843-849-3124 UPSTATE ACCOUNT EXECUTIVES Account Executive - Ryan Downing rdowning@scbiznews.com • 864.720.1221 Account Executive - Angie Hammond
6 DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT 18 EDUCATION 24 MEDICAL & HEALTH CARE 30 FINANCE 36 REAL ESTATE 44 ARCHITECTURE, ENGINEERING & CONSTRUCTION 54 BUSINESS RESOURCES
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he Upstate was growing at a steady pace with a robust economy before the coronavirus pandemic hit and severely impacted every sector of the economy. For employers, record unemployment had become a major challenge as the pool of talent became a shallow one. Unemployment soared early in the pandemic and, although the numbers have improved somewhat, uncertainty remains in many industries .
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UPSTATE COUNTIES The 10 counties that comprise the Upstate each have distinctive characteristics. Together they make up the strong economic backbone of South Carolina. Here are some facts about the demographics and economy of each county.
ABBEVILLE COUNTY
CHEROKEE COUNTY
POPULATION
POPULATION
POPULATION
2010 2019 2024
2010 2019 2024
2010 2019 2024
25,417 25,753 25,893
> > > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
TOP MANUFACTURING EMPLOYERS
187,126 205,886 216,212
> > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > >
TOP MANUFACTURING EMPLOYERS
NUMBER OF EMPLOYEES
NUMBER OF EMPLOYEES
SAGE AUTOMOTIVE INTERIORS. . . . . . . . . . . . . . . . 416
ELECTROLUX HOME PRODUCTS. . . . . . . . . . . . . . . . . . . . . . . . . 1,950
FLEXIBLE & THERMAFLEX TECHNOLOGIES. . . . . . 415 PRYSMIAN POWER CABLES & SYSTEMS. . . . . . . . 320
> > > > > > > > > > > > > > > > > >
55,342 58,189 59,416
> > > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > > >
TOP MANUFACTURING EMPLOYERS NUMBER OF
EMPLOYEES NESTLE USAPREPARED FOOD DIVISION. . . . . . . . . . . . . . . . . 1,000
ROBERT BOSCH CORP.. . . . . . . . . . . . . . . . . . . . . . 1,431
MILLIKEN & CO - ALLEN, LIMESTONE, MAGNOLIA PLANTS.. . . . . . . . . . . . . . . . . . . . . . . . . 989
BURNSTEIN VON SEELEN PRECISION CASTING. . . . . . . . . . . . . . . . . . . . . . . . 200
MICHELIN NORTH AMERICA.. . . . . . . . . . . . . . . . . 1,241
FREIGHTLINER CUSTOM CHASSIS . . . . . . . . . . . . . 909
TECHTRONIC INDUSTRIES. . . . . . . . . . . . . . . . . . . . . 1,100
HAMRICK MILLS. . . . . . . . . . . . . . . . . . . . . . . . . . . . 890
PRO TOWELS.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
FIRST QUALITY ENTERPRISES.. . . . . . . . . . . . . . . . . . . 797
TIMKEN CO.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400
$33,458
$49,337
$32,897
MEDIAN HOUSEHOLD INCOME, 2019
MEDIAN HOUSEHOLD INCOME, 2019
MEDIAN HOUSEHOLD INCOME, 2019
UNEMPLOYMENT RATE, JUNE 2020
UNEMPLOYMENT RATE, JUNE 2020
UNEMPLOYMENT RATE, JUNE 2020
GREENVILLE COUNTY
GREENWOOD COUNTY
LAURENS COUNTY
9.5%
8.6%
11.0%
POPULATION
POPULATION
POPULATION
2010 2019 2024
2010 2019 2024
2010 2019 2024
451,225 520,932 560,313
> > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > >
TOP MANUFACTURING EMPLOYERS
> > > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > > >
69,661 71,850 73,196
TOP MANUFACTURING EMPLOYERS
> > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
66,537 68,778 69,975
TOP MANUFACTURING EMPLOYERS
NUMBER OF EMPLOYEES
NUMBER OF EMPLOYEES
NUMBER OF EMPLOYEES
GENERAL ELECTRIC CO.. . . . . . . . . . . . . . . . . . . 2,500
EATON CORP.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,275
ZF TRANSMISSIONS. . . . . . . . . . . . . . . . . . . . . . 2,500
MICHELIN NORTH AMERICA.. . . . . . . . . . . . . . . . 1,687
FUJIFILM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000
YANGFENG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 951
SEALED AIR CORP. - CRYOVAC DIVISION . . . . . . 1,300
CAROLINA PRIDE FOODS. . . . . . . . . . . . . . . . . . . . . 925
STERILITE CORP. . . . . . . . . . . . . . . . . . . . . . . . . . . . 700
MAGNA INTERNATIONAL. . . . . . . . . . . . . . . . . . . . . 1,000
LONZA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 605
COUNTRY FRESH. . . . . . . . . . . . . . . . . . . . . . . . . . . 430
BOSCH REXROTH CORP. . . . . . . . . . . . . . . . . . . . . . 780
CARDINAL HEALTH (MEDTRONIC).. . . . . . . . . . . . . 500
D&W FINEPACK. . . . . . . . . . . . . . . . . . . . . . . . . . . . 400
$57,082
$39,777
$39,611
MEDIAN HOUSEHOLD INCOME, 2019
MEDIAN HOUSEHOLD INCOME, 2019
MEDIAN HOUSEHOLD INCOME, 2019
UNEMPLOYMENT RATE, JUNE 2020
UNEMPLOYMENT RATE, JUNE 2020
UNEMPLOYMENT RATE, JUNE 2020
8.4%
8
ANDERSON COUNTY
9.0%
DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
9.7%
OCONEE COUNTY
PICKENS COUNTY
SPARTANBURG COUNTY
POPULATION
POPULATION
POPULATION
2010 2019 2024
2010 2019 2024
2010 2019 2024
74,273 79,435 82,466
> > > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > >
TOP MANUFACTURING EMPLOYERS
119,224 128,097 133,156
> > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > >
TOP MANUFACTURING EMPLOYERS
> > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > >
284,307 320,379 339,835
TOP MANUFACTURING EMPLOYERS
NUMBER OF EMPLOYEES
NUMBER OF EMPLOYEES
DUKE ENERGY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,314
ABBOT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 490
BMW MANUFACTURING CORP . . . . . . . . . . . . . . . 11,000
BORGWARNER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 940
RELIABLE AUTOMATIC SPRINKLER.. . . . . . . . . . . . . . . 450
MILLIKEN & CO.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,957
ITRON. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 930
YOKOHAMA AMERICA . . . . . . . . . . . . . . . . . . . . . . . . . . . . 378
ADIDAS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,520
JTEKT/KOYO BEARINGS. . . . . . . . . . . . . . . . . . . . . . . . . . . 630
COMATROL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 336
MICHELIN NORTH AMERICA. . . . . . . . . . . . . . . . . . . . 1,165
SCHNEIDER ELECTRIC. . . . . . . . . . . . . . . . . . . . . . . . . . . . 532
CORNELL DUBILIER MARKETING.. . . . . . . . . . . . . . . . . 308
DRAEXLMAIER AUTOMOTIVE OF AMERICA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,075
$49,153
MEDIAN HOUSEHOLD INCOME, 2019
7.5%
UNEMPLOYMENT RATE, JUNE 2020
$46,893
NUMBER OF EMPLOYEES
$51,737
MEDIAN HOUSEHOLD INCOME, 2019
MEDIAN HOUSEHOLD INCOME, 2019
UNEMPLOYMENT RATE, JUNE 2020
UNEMPLOYMENT RATE, JUNE 2020
7.7%
9.9%
UNION COUNTY
POPULATION 2010 2019 2024
> > > > > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > > > >
(EST.)
> > > > > > > > > > > > > > > >
SOUTH CAROLINA
28,961 28,128 27,168
TOP MANUFACTURING EMPLOYERS NUMBER OF EMPLOYEES
GESTAMP AUTOMOCION. . . . . . . . . . . . . . . . . . . . . . . . . . 800 MILLIKEN & CO - CEDAR HILL PLANT. . . . . . . . . . . . . 324 TIMKEN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241 HAEMONETICS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 234 STANDARD TEXTILE CAROLINA. . . . . . . . . . . . . . . . . . 160
$36,9147
MEDIAN HOUSEHOLD INCOME, 2019
POPULATION 2010 2019
> > > > > > > > > > > >
4,625,366 5,148,714
> > > > > > > > > > > > > >
$51,015
MEDIAN HOUSEHOLD INCOME, 2018
8.7%
UNEMPLOYMENT RATE
13.1%
UNEMPLOYMENT RATE, JUNE 2020
Source: UpstateSCAlliance, SC Department of Employment and Workforce
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Initial unemployment claims in S.C. An initial claim is a claim filed by an unemployed individual after a separation from an employer. The claim requests a determination of basic eligibility for the Unemployment Insurance program.
90,000
86,573
89,147 April 11, 2020
April 4, 2020
80,000 70,000
By July initial claims had decreased 82% from their peak on April 11 to July 4. However, they were still 665% higher than on March 14.
66,475 March 28, 2020
60,000
THE TREND:
DECREASE IN CLAIMS FROM THE PEAK
50,000
4,159%
40,000
31,826
30,000
March 21, 2020
July 4, 2020
Increase in initial unemployment claims in the first four weeks of the onset of the coronavirus pandemic
20,000
2,093
10,000
16,015
March 14, 2020
0
Jan. 1, 2020
Feb. 1, 2020
March 1, 2020
April 1, 2020
May 1, 2020
June 1, 2020
July 1, 2020
Source: Federal Reserve Bank of St. Louis
Unemployment rate from March - June 2020 – Anderson County
16%
– Greenville County
– Spartanburg County
– South Carolina
– United States
14.9% 14.5% 14.7% 12.6%
14%
12.2%
12%
12.1%
13.3% 12.5%
12.4%
12.3%
11.1% 9.9%
10% 8.7% 8.6% 8.4%
8%
UNEMPLOYMENT NUMBERS REBOUNDING QUICKLY Though it might take years to return to the historically low pre-pandemic unemployment rate, S.C. and the counties in the Upstate region have all rebounded at a faster rate than the U.S. This is partly from early reopening of the S.C. economy compared to other states that took a slower approach. The continued surge of COVID-19 cases in S.C. could jeopardize this initial momentum.
6% 4.4%
4% 2.8%
2.7%
2%
THE TREND:
2.6% 2.5%
0%
10
March
April
May
DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
June
Source: S.C. Department of Employment and Workforce
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Job loss by industry in S.C. from February - June 2020 50
THE TREND:
44.4%
Though South Carolina has diversified its economy over the years, it is still very reliant on hospitality and tourism. With restaurants and attractions forced to close during the onset of the coronavirus pandemic and the sharp decline in tourism and hotel stays, unemployment soared in arts, entertainment and recreation, along with accommodation and food service sectors.
9.3% 9.0% 8.8% 7.8% 7.3%
10
Sta te G ove rnm Car ent e& Soc ial Ass ista nce Edu cat ion al S erv ice s Oth er S Pro erv fes ice sio s nal , Sc Tec ien h S tific erv , & ice s Hea lth
Wh ole sal e
Art s, E nte rta Acc i Recnmen om rea t & mo tion dat ion &F ood Ser vic es Adm in & Wa Su ste pp Ser ort & vic es
0
5.3% 6.0% 4.4% 4.4% 4.1% 3.0% 2.4% 2.2% 1.4% 1.1% 0.3% Fed era l Go Tra ver nsp nm ort ent ,W are hou & U sin tilit g, ies Fin anc e& Ins ura nce
16.6%
Info rm atio n
20
Con str uct Com ion pan Ma ies nag & E em nte ent rpr of ise s
30
Loc al G ove rnm Rea ent l Es tat e& Ren Lea tal & sin g Ma nuf act uri ng
36.5%
Ret ail
40
SOUTH CAROLINA ECONOMY RELIANT ON THE MOST AFFECTED INDUSTRIES
Source: S.C. Department of Employment and Workforce
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South Carolina statewide lodging outlook report, June 2020 – Percent Change from June 2019
Occupancy rate, June 2020
Average room rate, June 2020
90%
$120
80%
$110
70% 60% 50%
52.4%
-42.5%
30% 20% 10%
United States
-31.5%
$92.15
$90
42.2%
South Carolina
$116.84
$100
-27.4%
40%
0%
RevPAR = Revenue Per Available Room, i.e., total room revenue divided by total number of room nights.
-14.1%
100%
RevPAR, June 2020
$120 $110 $100 $90
$80
$80
$70
$70
$60
$60
$50
$50
$40
$40
$30
$30
$20
$20
$10
$10
$0
South Carolina
United States
$0
-37.7%
$61.27
THE TREND:
HOTEL NUMBERS REMAIN SIGNIFICANTLY DOWN
-60.6%
$38.88
South Carolina
Even with many pandemic restrictions lifted by June 2020, the number of travelers staying in hotels remains much lower than June 2019. However, when compared to the U.S., South Carolina has lost much less ground. This is potentially from South Carolina being one of the first states to begin lifting restrictions, giving those willing to travel a destination.
United States Source: S.C. Department of Parks, Recreation and Tourism
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13
60
Th pa on
20,000
0
January
S.C. State Ports Authority February
March
Vehicles moving through the port
April
Vehicles moving through the port 14,298 15,577
January
April
June
9,036 2,318 14,376
– Percent Change
– 2019
– Percent Change
– 2020
-4.7%
18,443
March
– 2020
June
+8.9% 19,052 18,156
February
May
– 2019
May
24,755
19,415
-53.5%
19,938
-88.4%
18,438
-22.0%
+34.2%
THE TREND:
THE TREND:
VEHICLE ACTIVITY VEHICLE ACTIVITY AT THE PORT PLUMMETS
With the onset of the With the onset of the coronavirus pandemic, BMW and Volvo temporarily BMW and Volvo ceas ceased operations, causing a dramatic dramatic drop in veh drop in vehicles moving through port. more Despite that, 2 the port. Despite that, 2.53% vehicles moved through the port through the port du during FY2020 than in FY2019. June June 2020 numbers 2020 numbers were up 520% over May 2020 suggesting a st 2020 suggesting a strong resurgence. Source: S.C. State Ports Authority
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The at t on t (Pho
Inland port rail moves 20,000
+8.7%
18,000 16,000
+20.7% 16,817
16,085 14,789
14,000
-7.7% 16,770
– 2019
-35.9%
-41.7%
18,141
THE TREND:
17,268
BMW WORK STOPPAGE HITS INLAND PORT IN GREER; DILLON PORT NUMBERS UP
15,484
13,933
12,691 11,626 9,994
10,000 8,000 6,000 4,000 2,000 0
January
February
March
April
May
www.gsabusiness.com
– Percent Change
-26.5%
17,135
12,000
– 2020
June
BMW is the primary client of the SCSPA inland port in Greer. When BMW halted production in the spring because of the pandemic, activity at the inland port dropped dramatically. However, FY2020 inland port activity was virtually even to FY2019, only down 0.1%. A 9.7% increase in rail moves at the Dillon inland port boosted FY2020 numbers. Source: S.C. State Ports Authority
| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT
15
South Carolina importing and exporting TOP 5 COUNTRIES SENDING IMPORTS TO S.C., 2019 Germany
China
3.7%
9.7%
from 2015
from 2015
Mexico
Canada
40.4%
TOP 5 COUNTRIES RECEIVING EXPORTS FROM S.C., 2019
from 2015
from 2015
from 2015
$8B $7B $6B
$7.3B
$6.9B $6.6B
$6.4B $6.8B
$6.9B $6.6B
$5.9B
After three straight years of growth, China’s numbers have dropped 11% since 2018. This is likely due to ongoing tariffs.
-2.6%
from 2015
14.9%
from 2015
UAE
Mexico
345.2%
$3.4B
3.7%
from 2015
from 2015
$4.8B
$1B 0 2016
2017
$5.6B
$4B
$4.5B $3.7B
$3.8B
$3.5B
$3.6B
$3B $2.8B $2.8B
$2.1B
$4.0B
$1B
2018
The UAE has grown rapidly since 2017
$2.8B
$2.6B
$2.4B $2.2B $2.1B
$2.4B
$2.3B
$1.2B $533M
0 2016
2019
$4.0B
$3.8B
$1.5B
$1.4B
$1.3B
$6.5B
$5B
$2B $1.5B
-27.2%
from 2015
$6.5B
$3.0B
$2.8B
UK
$6.2B
$6B
$3.9B
$3.6B
$3B $2.9B $2B
Canada
$7B
$5B $4B
Germany
1.0%
-0.5%
-4.4%
from 2015
China
Japan
$395M
2017
2018
Source: U.S. Census Bureau
2019 Source: U.S. Chamber of Commerce
Gross domestic product by metropolitan area, 2007-2018
2007 GDP
Percentage change from 2007-2018
2018 GDP
42.0%
69.3%
Measured in Billions of US Dollars
$80B $70B $60B
55.7%
64.1%
$50B
55.7%
$40B $30B
57.7%
49.1%
$49.4B $83.7B
$29.8B $46.4B
$60.4B $85.8B
$30.1B $43.1B
$14.2B $22.4B
Asheville, N.C.
$26.0B $42.7B
$20.3B
$10B
$13.6B
$20B
Charleston
Raleigh, N.C.
Greenville
Richmond, Va.
Columbia
Savannah
Source: U.S. Department of Commerce, Bureau of Economic Analysis
16
DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT | www.gsabusiness.com
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®
See why the world connects here.
SCSPA.COM
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17
EDUCATION
S
outh Carolina grapples with disparities in education along socio-economic lines in the best years. In 2020, the coronavirus pandemic has thrown traditional education programs and standards into chaos. Uncertainty about in-class learning as the pandemic continues to surge has education leaders scrambling to create a sustainable model for learning while keeping students, teachers and staff safe.
FAST FACTS Âť 43.2%
Greenville County residents age 25 and older who have an associate degree or higher
PAGE 22
Âť $50 MILLION has been allocated from the CARES Act to procure mobile
hotspots and monthly internet service for qualifying student households through Dec. 31, 2020. PAGE 20
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| EDUCATION
19
COVID-19 impact on education As we go to press with Market Facts, the state and local education systems are still making many decisions about what the 2020-21 school year will look like across all levels of learning. Options range from starting the year with all-online learning to options for full-time in-person instruction. The data regarding the long-term effects of the COVID-19 era on student achievement will take time to gather. Here are a few pieces of data that show the environment that awaits the educators and students for the coming year.
Percentage of worldwide enrolled learners affected by school closures
90%
100% 80% 60%
0%
70%
44%
40% 20%
THE TREND:
0.1%
February 16
March 16
April 16
May 16
62%
61%
June 16
July 16
UNPRECEDENTED SCHOOL CLOSURES By mid-April, schools were closed for nine out of 10 students on the planet. Two-thirds of schools were still closed by mid-July. With COVID-19 cases far from contained in S.C. over the summer, plans for fall classes developed as education leaders, parents and students struggled to find an agreed upon best course of action.
Source: UNESCO
Potential for learning loss In late May 2020, Brookings released the forecast below on the potential impact of COVID-19 on learning. The research institution used data on summer learning patterns to make informed projections. These COVID-19 slides indicated by the dotted line suggest that students would enter the fall school year with only 70% of the reading and 50% of the math learning gains from the previous year.
Pandemic learning loss: Mathematics forecast
Forecasted trajectories for grades 3-8, math RIT scores based on COVID-19 induced school closures.
Pandemic learning loss: Reading forecast
Forecasted trajectories for grades 3-8, reading RIT scores based on COVID-19 induced school closures.
Typical growth/Summer loss
Typical growth/Summer loss
COVID Slide: Students have academic setbacks typical of summers throughout an extended closure
COVID Slide: Students have academic setbacks typical of summers throughout an extended closure Source: Brookings Institution
Connectivity to students in S.C. during COVID-19 era According to the S.C. Department of Education’s survey of the principals of all 1,272 state schools, the schools lost contact with
3,557 students, or 0.5% of the student population, at one point during the summer.
20
EDUCATION | www.gsabusiness.com
$50 million has been allocated from the CARES Act
to procure mobile hotspots and monthly internet service for qualifying student households through Dec. 31, 2020.
Eligibility requirements include: • Households with an annual income of 250% or less of federal poverty guidelines • An individual in the household is required to attend a school • The household does not have existing internet service Source: S.C. Department of Education
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| EDUCATION
21
The connection between education and earnings The highest wage-earners in the Upstate hold a college degree or higher. Now, initial data from the Federal Reserve of San Francisco shows, as COVID-19 cases have spread, the higher the education level someone has, the more likely they are to remain employed. Increasing educational attainment improves work outcomes whether or not there is a crisis like the coronavirus pandemic.
Educational attainment for population 25 years and over, 2018
5.4+8.4+24.920921.212.2 5+9.6+2921.410.5158.6 5+10.5+312110.6138 4.4%
Less than 9th grade
12.6%
Graduate or professional degree
7.9%
9th to 12th grade, no diploma
GREENVILLE COUNTY
21.6%
24.7%
High school graduate (includes equivalency)
Population 25 years and over:
Bachelor’s degree
498,402
9.0%
Associate degree
19.9%
Some college, no degree
8.6%
5.3%
Less than 9th grade
Graduate or professional degree
5.1%
7.7%
Less than 9th grade
Graduate or professional degree
9.5%
15.2%
Bachelor’s degree
SPARTANBURG COUNTY
9th to 12th grade, no diploma
Population 25 years and over:
10.7%
Associate degree
302,195
ANDERSON COUNTY
13.6%
Bachelor’s degree
Population 25 years and over:
29.4%
High school graduate (includes equivalency)
195,995
11.1%
31.3%
High school graduate (includes equivalency)
Associate degree
21.3%
10.4%
9th to 12th grade, no diploma
20.8%
Some college, no degree
Some college, no degree
Median earnings of population 25 years and over, 2018
Greenville
Spartanburg
Anderson
$70K $60K
THE TREND:
HIGHER DEGREE ATTAINMENT, HIGHER WAGES
$50K $40K
The highest median earnings are found in Greenville County, which also has the highest percentage of residents with an associate degree or higher at 43.2%.
$30K
$28,212 $27,448 $28,757
$35,062 $32,360 $35,212
$50,746 $45,386 $50,963
$61,461 $55,550 $59,940
$37,306 $33,488 $34,812
$10K
$19,841 $21,940 $20,754
$20K
Less than high school graduate
High school graduate (includes equivalency)
Some college or associate degree
Bachelor’s degree
Graduate or professional degree
Median Earnings
Source: U.S. Census Bureau American Community Survey five-year estimates, 208
22
EDUCATION | www.gsabusiness.com
Educational attainment and job security in the U.S. during COVID-19 era Unemployment by education level
Job loss relative to working-age population shares
The percentage of the population for those with a bachelor’s degree or higher and those with a high school diploma or less is about the same, but those with a bachelor’s or higher have experienced much less of the total job loss because of the coronavirus pandemic.
20% Between February and May, the unemployment rate for workers with a high school diploma or less rose more than 12%, while the rate for workers with a bachelor’s degree or higher rose 5.5%.
18% 16%
Percentage of workingage population
60%
Percentage of U.S. job loss from February to May 2020
50% 40%
14%
30% 20%
12%
10% 0%
High school or less
10%
High school or less
Some college
Bachelor’s or higher
8%
The ability to telework as a response to COVID-19
6%
Some college
4% 2% 0% 2000
Some college
Bachelor’s or higher 2002
2004
2006
2008
2010
2012
A Pew Research Center study found 65% of workers with a bachelor’s degree or higher reported teleworking as a response to the coronavirus pandemic. Only 22% of those with a high school diploma reported teleworking.
High school or less
2014
2016
2018
2020
Bachelor’s or higher 0%
10%
20%
Note: Gray bars indicate recession dates
30%
40%
50%
60%
70%
Source: Federal Reserve Bank of San Francisco
Colleges & Universities Ranked by 2020 Spring Enrollment Company
Phone / Website / Email
Administrator(s) / Year Founded
Greenville Technical College 506 S. Pleasantburg Drive Greenville, SC 29607
864-250-8000 www.gvltec.edu inforequest@gvltec.edu
Keith L. Miller 1962
9921
University of South Carolina Upstate 800 University Way Spartanburg, SC 29303
864-503-5235 www.uscupstate.edu
Jessica Blais, Kim Jolley, Derham Cole 1967
Lander University 320 Stanley Ave. Greenwood, SC 29649
864-388-8000 www.lander.edu admissions@lander.edu
Bob Jones University 1700 Wade Hampton Blvd. Greenville, SC 29614
Spring Enrollment
Faculty / Total Employees
Public / Private
Top Three Undergraduate Majors, by Enrollment
334 754
Public
Associate in Science Associate in Science-Jumpstart Associate in Arts
5583
244 944
Public
Nursing Business Administration Criminal Justice
Richard E. Consetino 1872
2951
140 405
Public
Business Nursing Biology
864-242-5100 www.bju.edu info@bju.edu
Gary Weier, Stephen Pettit 1947
2888
200 854
Private
Business Administration Nursing Accounting
North Greenville University 7801 N. Tigerville Road Tigerville, SC 29688
864-977-7000 www.ngu.edu admissions@ngu.edu
Gene C. Fant 1892
1825
240 475
Private
Business Administration Health Science Elementary Education
Wofford College 429 N. Church St. Spartanburg, SC 29303
864-597-4000 www.wofford.edu marketing@wofford.edu
Nayef H. Samhat 1854
1784
163 480
Private
Business Biology Economics
Spartanburg Methodist College 1000 Powell Mill Road Spartanburg, SC 29301
864-587-4000 www.smcsc.edu admiss@smcsc.edu
W. Scott Cochran 1911
1000
47 130
Private
Business English History
Converse College 580 E. Main St. Spartanburg, SC 29302
864-596-9000 www.converse.edu/admissions admissions@converse.edu
Krista L. Newkirk 1889
755
85 223
Private
Psychology Business Administration Biology
Erskine College 2 Washington St. Due West, SC 29639
864-379-2131 www.erskine.edu communications@erskine.edu
Robert E. Gustafson 1839
699
70 238
Private
Biology Business Administration Sports Management
ECPI University 1001 Keys Drive, Suite 100 Greenville, SC 29615
864-288-2828 www.ecpi.edu webgrv@ecpi.edu
Karen Burgess 1999
450
40 80
Private
Nursing Electronic Engineering Technology and Mechatronics Computer and Information Science and Network Security
University Center of Greenville 225 S. Pleasantburg Drive, Suite A7 Greenville, SC 29607
864-250-1111 www.greenville.org davidataylor@greenville.org
David A. Taylor 1987
450
150 9
Private; Public
BS Nursing
Webster University - Greenville Metropolitan Campus 124 Verdae Blvd., Suite 400 Greenville, SC 29607
864-676-9002 www.webster.edu/greenville cierragoolsby16@webster.edu
Ciera Kilgore, Cierra G. Wiles 1915
40
15 2
Private
Psychology Management
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by Paige Hardy
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| EDUCATION
23
MEDICAL & HEALTH CARE
S
outh Carolina historically has struggled to improve health care access and resources for underserved communities, minorities and low-income people, and those inequities have been amplified by COVID-19 cases during the coronavirus pandemic. The virus has had a devastating impact on Black, Hispanic and other minority populations across the state and nation, while straining the ability of health care facilities to treat more patients.
FAST FACTS Âť MARCH 6, 2020
The date the first 2 cases of COVID-19 were reported in S.C. PAGE 26
Âť MARCH 16, 2020
The date the first death due to COVID-19 was reported in S.C. PAGE 26
SECTION SPONSOR
24
MEDICAL & HEALTH CARE | www.gsabusiness.com
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Corporate Health & Wellness (803) 726-3134
Danielle Hickson
Corporate Health and Wellness Coordinator
Employer Health Services Doctors Care provides occupational medicine and corporate wellness to more than 2,500 companies in South Carolina. We help employers reduce costs through efficient in-center scheduling and on-site service support, driving productivity through convenience.
With more than 50 locations across the state, your employees have unparalleled access to our high quality health care services.
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THE FIRST 150 DAYS OF COVID-19 IN S.C.
New confirmed cases and deaths in S.C. by day from March 6 - Aug. 3, 2020
Researched and designed by Ryan Wilcox Sources: S.C. DHEC, Office of Gov. Henry McMaster, U.S. Department of the Treasury, John Hopkins Coronavirus Resource Center Note: Daily numbers are from SCDHEC public data released on the given date.
This timeline highlights the major events of the outbreak of COVID-19 cases in South Carolina against the backdrop of new confirmed cases and deaths per day. At the onset of the pandemic in March, restrictions and relief came relatively quickly. As the pandemic stretched into late spring, restrictions were lifted and the virus began to spread more rapidly. As of Aug. 3, new cases began to decline from a high point on July 19. With many schools set to reopen in late August or early September, the forecast for cases remains uncertain. May 18
Confirmed new cases of COVID-19 Confirmed new deaths from COVID-19
Close contact service providers such as exercise centers, gyms, pools, barber shops, salons, tattoo parlors and massage providers were allowed to reopen. There are now 8,942 total cases and 391 deaths in S.C.
March 31
March 17
Gov. Henry McMaster suspends all dine-in service at bars and restaurants and also prohibits public events of over 50 people in publicly owned places. At that time there were 47 total cases in 13 counties in S.C.
March 16
Gov. McMaster closes all nonessential business on the same day the total number of cases exceed 1,000 for the first time and total deaths grow to 22.
May 11
Restaurants are allowed to reopen for limited dine-in service, which includes recommendations for 50% occupancy and tables spaced 6 to 8 feet apart. All boating restrictions are also lifted.
March 27
President Donald Trump signs The Cares Act into law, a $2 trillion relief package which included stimulus checks to all Americans, $600 per week assistance to the unemployed and assistance to small business. Johns Hopkins reports there are now 98,600 cases and 2,100 deaths in the U.S.
First COVID-19 death reported in S.C.
May 4
Gov. McMaster lifts “Work-or-Home” order and restaurants are allowed to offer outdoor dining service in addition to the take-out, curbside and delivery options they had been allowed to continue. Also, the restrictions on travelers from CDC-designated “hot spots” are lifted. At this point, total cases are at 6,757 and 283 people have died.
April 6
March 24
The city of Charleston becomes the first place in S.C. to issue a stay-at-home order.
March 15
With 28 total cases and no deaths reported, Gov. McMaster closes all schools and colleges.
Gov. McMaster issues a statewide “Work-or-Home” order, the 42nd state to issue such an order. People could also leave for essential services or activities. By this time, 2,232 people had been infected and 48 had died in S.C.
April 3
March 23
Gov. McMaster prohibits gathering in groups of three or more outside of one’s home.
Gov. McMaster closes additional nonessential businesses and imposes travel restrictions for people from high-risk areas such as New York.
March 6
The first 2 cases of COVID-19 reported in S.C.
MAR
26
MEDICAL & HEALTH CARE | www.gsabusiness.com
APR
MAY
July 19
The highest single day total of new cases reported, 2,335.
Aug. 3
150 days after the first two cases were reported in S.C., there are 92,404 confirmed cases of COVID-19 and 1,721 confirmed deaths. 1,401 COVID-19 patients are in the hospital on this day, 366 of which are in the ICU and 224 on ventilators. 15.2% of tests conducted on this day are positive.
July 11
Gov. McMaster makes his first new restriction since April 6 by stopping the sale of alcoholic beverages in restaurants and bars after 11 p.m. This is also the highest number of daily cases up to this point with 2,239 reported.
June 19
S.C. records its first one-day total of new cases over 1,000. It took S.C. 25 days to record its first 1,000 cases at the beginning of the outbreak. This raises total cases to 22,608 and total deaths to 639.
July 29
June 12
Gov. McMaster makes mandatory all recommended guidelines for restaurants and other establishments that attract groups, effective Aug. 3. He also encourages local governments to adopt face covering ordinances. Masks would be required in all state government buildings, effective Aug. 5. A number of events and facilities are also permitted to open, including festivals, parades, concerts, theaters and stadiums, contingent on implementing AccelerateSC guidelines.
Gov. McMaster allows bowling alleys to open and lifts restrictions on occupancy at retail establishments.
July 16
With 69 confirmed deaths reported, the total number of COVID-19 deaths passes 1,000 with a total of 1,053.
JUNE
JULY
July 25
The highest singleday total of new deaths reported, 74.
AUG
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| MEDICAL & HEALTH CARE
27
Percentage of reported cases of COVID-19 vs. deaths by age group in S.C. Reported cases of COVID-19
Data as of Aug. 18, 2020
Deaths from COVID-19
40%
38.9%
THE TREND:
COVID-19 MORE FATAL IN OLDER POPULATIONS
Though people 50 and under account for 66% of the total cases of COVID-19, they only represent 5.1% of the total deaths. In contrast, those 71 and over account for only 10% of the total cases, yet 66.7% of the deaths have occurred in this age group.
35% 30%
20%
25%
16%
15%
20%
10% 8.2%
10% 5% 0%
19.4%
14%
11%
15%
28.7%
4%
6% 4%
3.2% 0.1%
≤10
11-20
0.9%
0.6%
0.1%
21-30
31-40
41-50
51-60
61-70
71-80
81+ Source: S.C. DHEC
Percentage of reported cases of COVID-19 vs. deaths by race and ethnicity in S.C. Reported cases of COVID-19
Data as of Aug. 18, 2020
Deaths from COVID-19
BY RACE
BY ETHNICITY 82%
80% 70% 60% 50%
57%
52% 44%
40%
34%
39% 33%
30% 20% 12%
8%
10%
3% 0%
28
White
Black
MEDICAL & HEALTH CARE | www.gsabusiness.com
Other
14%
10% 6% 1%
Unknown
1%
Asian, American Indian, Alaskan Native, Native Hawaiian Pacific Islander
4% Hispanic
Not Hispanic
Unknown Source: S.C. DHEC
Projected total deaths from COVID-19 by Nov. 1, 2020 This projection was from July 30, 2020 6,000
5,587 deaths
THE TREND:
5,500
if mandates and restrictions were eased, deaths would continue their upward trajectory
DEATHS DEPEND ON MASK USAGE Projections provided by S.C. DHEC indicate mask usage can save lives during the coronavirus pandemic. The CDC recommends that people wear masks in public settings and when around people who don’t live in your household, especially when other social distancing measures are difficult.
5,000 4,500 4,000
3,232 deaths
3,500
is the current projection
3,000
2,757 deaths
if masks were universally adopted and utilized in South Carolina
2,500 2,000 1,500 1,000 500 0
March 1
April 1
May 1
Observed deaths, smoothed
■ GSAB USINE SS.
June 1 Current projection
COM
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T
BUILDING BOOM
STRUGGLE S
passage
July 1
Aug. 1
Sept. 1
Mandates easing
Oct. 1
Nov. 1 Source: S.C. Department of Health and Environmental Control
Universal masks
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S
Constru ction struggle industry s to worker s lost in replace recessio n Se e story on
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| MEDICAL & HEALTH CARE
29
FINANCE
M
ergers and acquisitions continue to consolidate the financial industry in the U.S. and South Carolina. Large banks (those with assets over $100 million) hold more than 98% of the state’s total deposits. Financial institutions also had a major role in the Paycheck Protection Program initiated by the federal government to provide emergency loans to small businesses struggling with the economic effects of the coronavirus pandemic.
FAST FACTS Âť $40.2 BILLION The total assets of banks in S.C. in 2019. PAGE 32
Âť 63,168
Number of companies approved for payroll protection assistance in S.C. PAGE 34
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30
FINANCE | www.gsabusiness.com
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Forever stable. Forever First.
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:
$50B
CONSOLIDATION
$40.2B
$40B
$36.0B $30B
$28.1B
$20B
$10B
0
$37.5B
$35.2B $36.7B
$39.6B
THE TREND:
BIG BANKS
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 $579M in 2019.
The number of banks in the state continues to decrease. This is mostly from mergers and acquisitions in the financial sector.
56
53
2016
2017
50
47
2018
2019
$27.2B
2016
2017
2018
2019
Percentage of unprofitable institutions, 2019
Yield on earning assets
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 banks with assets less than $100 million.
THE HEADLINE:
YIELDS INCREASING ACROSS THE BOARD
The yield banks earn on assets continues to rise over time. This data holds true for both big and small financial institutions.
4.24% 4.23% 4.53% 4.06% 4.18% 4.12%
4.3%
4.71% 4.58%
of total institutions
11.1%
Banks with assets less than $100M Banks with assets greater than $100M
32
2.6%
FINANCE | www.gsabusiness.com
2016
2017
2018
2019
Source: Federal Deposit Insurance Corp., Division of Insurance and Research
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| FINANCE
33
PPP data for South Carolina
Billions of dollars in federally backed loans flowed onto the balance sheets of 63,000 S.C. companies over the past few months, all against a backdrop of a global pandemic that transformed into an economic crisis. The Paycheck Protection Program, quickly passed by Congress under a larger coronavirus relief package, made low-interest loans available for businesses to keep employees safely at home but still on a company’s payroll. In thousands of loan applications, S.C. businesses said the money would help save a total of 657,957 jobs across the state after coronavirus shutdowns began cutting demand for products and services in early March.
63,168
Jobs retained in Southeast
The following data shows companies and jobs retained through the loan program for all loans made under the Payroll Protection Program in the following states, ranked by number of jobs.
Number of companies approved for payroll protection assistance in S.C.
55,553
- 1,000 companies receiving loans
Florida 3,224,664
Companies approved for less than $150,000, totaling nearly $1.87 billion.
Georgia North Carolina
7,582
Virginia Tennessee Louisiana Alabama South Carolina Mississippi
Companies approved for more than $150,000-$4.9 million in assistance.
33
Companies approved to receive $5 million-$10 million.
657,957
Nonprofit organizations approved for loans across South Carolina.
1,471,782 1,246,594
973,961 916,996 800,221 672,861 657,957 412,492
Companies who received loans
Total Number of jobs saved statewide
2,567
Jobs retained
52,393
Number of nonprofit jobs retained through loans.
11,190
Number of companies with a listing in government data of 0 or no answer provided for number of jobs retained from emergency payroll loans.
Florida 393,016 Georgia 156,810 North Carolina 121,913 Virginia 109,227 Tennessee 93,287 Louisiana 73,827 Alabama 65,803 South Carolina 63,168 Mississippi 45,814
Greenville County
8,668 101,159
Anderson County
Number of companies approved for assistance
Number of companies approved for assistance
Number of companies approved for assistance
Number of jobs retained
1,917 19,437
Spartanburg County
Number of jobs retained
Number of jobs retained
Loans awarded by amount
Loans awarded by amount
Loans awarded by amount
83 1 2 3 8 +
$150,000-$350,000
$350,000-$1 million
Less than $150,000
9
142
22
37
4
11
$5 million-$10 million
$350,000-$1 million
$1 million-$2 million
$1 million-$2 million
$2 million-$5 million
7,432
59
$150,000-$350,000
$350,000-$1 million
$1 million-$2 million
43
223
$150,000-$350,000
370 90
135
82 1 2 3 5 7 + 86 1 2 4 + 7
724
2,902 37,727
1,697
Less than $150,000
$2 million-$5 million
$2 million-$5 million
2,485
Less than $150,000
4
$5 million-$10 million
Source: Small Business Administration data, analysis by SC Biz News
34
FINANCE | www.gsabusiness.com
Banks
Ranked by Market Share Company Wells Fargo Bank N.A. 15 S. Main St.,Greenville, SC 29601 Bank of America N.A. 101 N. Main St.,Greenville, SC 29609 BB&T (Branch Banking & Trust Co.) 1 301 College St.,Greenville, SC 29601 SunTrust Bank 1 300 E. McBee Ave.,Greenville, SC 29601 TD Bank N.A. 104 S. Main St.,Greenville, SC 29601 First Citizens Bank & Trust Co. 325 W. McBee Ave.,Greenville, SC 29601 South State Bank 200 E. Broad St.,Greenville, SC 29601 United Community Bank 2 W. Washington St., Suite 700,Greenville, SC 29601 Southern First Bank 2125 Augusta St.,Greenville, SC 29605 Bank of Travelers Rest 42 Plaza Drive,Travelers Rest, SC 29690 GrandSouth Bank 380 Halton Road,Greenville, SC 29607 Park National Bank 200 South Church St.,Spartanburg, SC 29306 Arthur State Bank 100 E. Main St.,Union, SC 29379 Countybank 419 Main St.,Greenwood, SC 29646 Community First Bank Inc. 3685 Blue Ridge Blvd.,Walhalla, SC 29691 Synovus 201 E. McBee Ave.,Greenville, SC 29601 Pinnacle Bank 550 E. McBee Ave.,Greenville, SC 29601 CresCom Bank 2 3695 E. North St.,Greenville, SC 29615 Oconee Federal Savings and Loan Association 115 E. N. Second St.,Seneca, SC 29678 First Piedmont Federal Savings and Loan Association of Gaffney 1229 W. Floyd Baker Blvd.,Gaffney, SC 29341
• •
Top Local Official(s) / Year Founded Justin Hawkins, J. Mark Westmoreland 1852 Stacy Brandon 1904 Mike Brenan 1872 Mike Brenan 1891 David Lominack 1852 James G. Gulledge, Jr. 1913 Mike Coggin 1934 Lynn Harton 1950 Art Seaver 1999 R. Bruce White 1946 JB Schwiers 1998 John D. Kimberly 1908 J. Carlisle Oxner 1933 R. Thornwell Dunlap III 1933 Richard Burleson 1990 Charles W. Garnett, Dixon Harrill 1905 Ed Stein 1991 Jerold L. Rexroad 2001 Curtis T. Evatt 1924 Kathy Baines 1933
Phone / Website 800-869-3557 www.wellsfargo.com 864-404-4100 www.bankofamerica.com 864-242-8000 www.bbt.com 864-255-7127 www.suntrust.com 864-552-9025 www.td.com/us 864-255-3700 www.firstcitizens.com 864-250-4455 www.southstatebank.com 864-250-7656 www.ucbi.com 864-679-9480 864-834-9031 www.bankoftravelersrest.com 864-770-1000 www.grandsouth.com 864-208-2005 www.parknationalbank.com 864-427-1213 www.arthurstatebank.com 864-942-1500 www.ecountybank.com 864-638-2105 www.c1stbank.com 864-241-7900 www.synovus.com 864-250-9800 www.mypinnacle.com 855-273-7266 www.haveanicebank.com 864-882-2765 www.oconeefederal.com 864-489-6046 www.firstpiedmont.com
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com. 1 BB&T and SunTrust merged to become Truist Bank as of Dec. 9, 2019 2 CresCom Bank merged with United Bankshares as of May 1.
Market Share
Market Deposits
Market Offices
14.66%
$3,842,460
34
12.62%
$3,307,802
25
10.39%
$2,722,901
28
8.67%
$2,271,289
23
8%
$2,096,216
20
7.05%
$1,848,637
36
6.09%
$1,596,130
21
4.65%
$1,217,632
23
3.48%
$913,304
4
2.64%
$693,225
10
2.29%
$599,432
4
1.89%
$495,226
5
1.63%
$426,831
12
1.37%
$359,678
9
1.33%
$348,774
8
1.3%
$340,113
5
1.21%
$316,820
6
1.2%
$315,013
5
1.18%
$310,239
4
1.14%
$299,677
6
Source: Federal Deposit Insurance Corp. deposit market share as of June 30, 2019 (latest available at time of publication). Researched by Paige Hardy
LOCAL BUSINESSES
BANK ON US. With a host of business services and customized solutions, Countybank is ready to help grow your business.
As your community bank, we focus on what matters —
you!
BANKING INSURANCE MORTGAGE INVESTMENTS TRUST Greenville: (864) 335-2400 | Greer: (864) 331-2190 | ecountybank.com
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| FINANCE
35
REAL ESTATE
H
ome sales in the Upstate were solid early in 2020. As with nearly every other economic sector, sales plummeted during the spring with the onset of the coronavirus pandemic. Sales rebounded well in the summer as interest rates hovered at historic lows and the pandemic caused more people to consider leaving apartments for single-family homes, but headwinds still exist. Available inventory has dramatically decreased as people elect not to list their homes for sale in an uncertain economic environment. At least one company has announced plans to sell its downtown office and operate permanently as a workfrom-home enterprise.
FAST FACTS Âť 10.69%
Apartment vacancy rate in the Upstate in February 2019
PAGE 40
Âť 9,582,129 SQ. FT.
SECTION SPONSOR
36
REAL ESTATE | www.gsabusiness.com
The total inventory of office space in the 1-385/I-85 corridor. PAGE 41
98.8% of Homeowners * recommend us
Covering the Upstate with 8 local offices from Simpsonville to Lake Keowee.
*Company-wide results, Allen Tate Client Relations Survey 2020
Closed sales in the Greater Greenville region – 2019
– 2020
– Percent Change
+14.5%
1,700
1,602
1,600
1,593
-17.3%
1,500
+9.7%
1,400
1,332
1,300
1,471 1,399
-12.2%
1,321
1,281 1,216
1,214
1,200
+6.4%
1,100 1,000
+20.6%
1,125
THE TREND: CLOSED SALES PICKING UP
1,051 988
As the the initial cases
900 800
of COVID-19 began to February
March
April
May
June
increase the amount of
July
Source: Greater Greenville Association of REALTORS
closed sales plummeted across the region. This is most likey due to buyers remaining on the
Closed sales in the Spartanburg area – 2019
– 2020
sidelines with so much uncertainty due to the
– Percent Change
pandemic and its effects 700
-22.4%
600
500
-1.3% +12.6%
471
465
-12.3%
+14.5%
on the economy. June
+5.3%
and July saw a robust
556
sales even as cases of
575
572
528
502
478
COVID-19 soared across S.C. during that time.
444 419
393
400 349
300
200
100
0
February
March
April
May
June
July
Source: Spartanburg Area Association of REALTORS
38
REAL ESTATE | www.gsabusiness.com
comeback of closed
Median sales price in the Greater Greenville region – 2019
– 2020
– Percent Change
+6.7%
$240K $235K
+8.3%
$230K
$226,700
+7.5%
$210K
$224,900 $220,321
$220,000 $216,723
$215,000
$215K
$235,000
$228,000
$225,000
$225K $220K
$235,000
+3.6% +3.8%
+4.5%
THE TREND: MEDIAN SALES PRICES CONTINUE TO RISE
$209,250
$205K $200K
Though the gains in the
$200,000
median price lagged
$195K
February
March
April
May
June
July
Source: Greater Greenville Association of REALTORS
– 2020
$190K
2019. In the Spartanburg area the median sales
+11.7% +11.4% +12.5% +12.8%
median sales prices continue to outpace
– Percent Change
$210K
$200K
initially began to spread across the upstate
Median sales price in the Spartanburg area – 2019
slightly as COVID-19
$195,000
+7.4% $202,425
$201,000
+2.6% $188,475
$185,000
June. As there was a resurgance of COVID-19 gain dropped off in July yet still are outpacing 2019.
$183,900 $179,995
$180K
for the first time in
in S.C. the percentage of
$189,900
$189,000
price rose above $200K
$175,000
$170K
$168,050 $163,000
$160K
$150K
February
March
April
May
June
July
Source: Spartanburg Area Association of REALTORS
www.gsabusiness.com
| REAL ESTATE
39
GSA Apartment Rent Trends $991 $1000
$1,033
$1,020
$971 $946 $933 $905
$899 $900 $857 $839 $806 $800
Source: Source: Real Data, Greenville Apartment Index, December 2019
$700 November 2014
May 2015
November 2015
May 2016
November 2016
May 2017
November 2017
May 2018
November 2018
May 2019
November 2019
Apartments under construction in the Upstate No. of units 4500
3,894
3,637
4000
3,446
3,154
3500
2,967
2,711
3000 2500
2,233
2,115
2,158
1,993
2000
1,491
1500 1000 500 November 2014
May 2015
November 2015
May 2016
Submarket comparison – Total units – Units under construction – Units proposed
0
November 2016 1,000
May 2017
2,000
3,000
Anderson
2,435
216
Greenville-Downtown
2,633
217 481
November 2017 4,000
5,000
40
7,000
7,166 3,187
May 2019
8,000
9,000
1,279
813
November 2019 10,000
11,000
241
259
372 622 10,238
Greenville-South
Spartanburg-West
6,000
7,424
Greenville-NE
Spartanburg-East
November 2018
64
Greenville-East
Greenville-NW
May 2018
3,757
85
4,254
1,056 368
894 171
1,332 Source: Real Data, Greenville Apartment Index, December 2019
REAL ESTATE | www.gsabusiness.com
Greenville-Spartanburg Office submarket comparison, Q2 2020 Greenville Central Business District
Spartanburg County
I-385/I-85
Anderson County
Pickens County
Average rental rates per square foot
$23.46 $19.78 $18.98 $13.82 $14.61 $0
$5
$10
$15
$20
$25
Total inventory in square feet 4,490,492 2,767,002 9,582,129 469,509 234,151 0
1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000
Total vacancy rate
12.63% 5.90% 8.39% 2.52% 19.89% 0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20% Source: Colliers International
www.gsabusiness.com
| REAL ESTATE
41
Residential Real Estate Companies Ranked by $ Value of Residential Sales in 2019 in the Upstate Company Berkshire Hathaway HomeServices C. Dan Joyner, Realtors 745 N. Pleasantburg Drive Greenville, SC 29607 Coldwell Banker Caine 111 Williams St. Greenville, SC 29601 Keller Williams Greenville Upstate 403 Woods Lake Road, Suite 100 Greenville, SC 29607 Allen Tate Realtors 323 Buncombe St. Greenville, SC 29601 Keller Williams Realty Greenville Central 1030 E. Butler Road Greenville, SC 29607 Cliffs Realty Sales SC LLC 635 Garden Market Drive Travelers Rest, SC 29690 Wilson Associates Real Estate 213 E. Broad St. Greenville, SC 29601 Re/Max Moves 100 Batesville Road, Suite C Simpsonville, SC 29681 Marchant Real Estate 100 W. Stone Ave. Greenville, SC 29609 McAlister Realty 955 W. Wade Hampton Blvd., Suite 9B Greer, SC 29650 Carolina Moves Real Estate 330 Pelham Road, Suite 200-B Greenville, SC 29615 Wondracek Realty Group 101 Regency Commons Drive, Suite A Greer, SC 29650 The Reserve at Lake Keowee 190 Village Green Loop Sunset, SC 29685 Jeff Cook Real Estate 30 Orchard Park Drive, Suite 16 Greenville, SC 29615 Fathom Realty SC LLC 1200 Woodruff Road, Suite A-3 Greenville, SC 29607
Phone / Website / Email 864-242-6650 www.cdanjoyner.com info@cdanjoyner.com 864-250-2850 www.coldwellbankercaine.com info@cbcaine.com 864-444-7690 kwgreenvilleupstate.com teresacox@kw.com 864-297-1953 www.allentate.com client.relations@allentate.com 864-400-4100 www.greenvillekw.com pattyk@kw.com 864-660-8422 www.cliffsliving.com/buzz info@cliffsliving.com 864-640-8700 www.wilsonassociates.net info@wilsonassociates.net 862-520-1000 www.greenvillemoves.com ckeegan@greenvillemoves.com 864-467-0085 www.marchantco.com info@marchantco.com 864-292-0400 www.builderpeople.com stan@builderpeople.com 864-448-1234 www.carolinamoves.com team@carolinamoves.com 864-907-2792 www.Selling-Greenville.com marcus@selling-greenville.com 877-922-5253 www.reserveatlakekeowee.com info@reservekeowee.com 843-225-2002 www.jeffcookrealestate.com info@jeffcookrealestate.com 864-513-6284 www.greenville.fathomrealty.com dlang@fathomrealty.com
Top Local Official(s) / Year Founded
Sales Volume (2019) / Current No. of Listings
Upstate Offices / Residential Agents
$1,113,786,878 748
10 375
Amanda Jones 1933
$795,544,850 754
6 205
Teresa Cox 2003
$527,606,680 378
1 220
Mark Bardo 1957
$515,020,785 325
8 140
Patty Korahais 2007
$360,965,210 478
1 225
2012
$186,000,000 267
2 11
Sharon P Wilson 2014
$170,334,809 68
1 30
Cameron Keegan 2013
$150,914,725 73
3 39
Seabrook L. Marchant 1993
$119,800,000 250
2 30
Stan McAlister 1988
$62,285,575 71
1 22
Ernie Truman 2014
$48,883,427 56
1 21
Marcus Wondracek 2007
$39,086,955 27
1 22
Andrea Owens-Meadows, Erika DeRoberts 2000
$33,200,000 65
1 6
Kris McDonagh 2003
$33,191,025 11
1 27
Dan Lang 2018
$30,491,670 9
1 25
David Crigler, Danny Joyner 1964
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by Paige Hardy
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For advertising information, contact Rick Jenkins at (864) 720-1224 or rjenkins@scbiznews.com
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REAL ESTATE | www.gsabusiness.com
Commercial Real Estate Firms Ranked by No. of Sale/Lease Transactions in 2019 Company NAI Earle Furman 101 E. Washington St., Suite 400 Greenville, SC 29601 Spencer Hines Properties LLC 380 S. Pine St. Spartanburg, SC 29302 Gibbs Realty & Auction Co. Inc. 4891 S.C. Highway 153 Easley, SC 29642 CBRE Inc. 101 N. Main St., Suite 1400 Greenville, SC 29601 Colliers International 55 E. Camperdown Way, Suite 200 Greenville, SC 29601 Joyner Commercial: The Commercial Division of Berkshire Hathaway C. Dan Joyner, Realtors 230 Buist Ave. Greenville, SC 29609 Langston-Black Real Estate Inc. 400 Memorial Drive Ext., Suite 100 Greer, SC 29651 Lee & Associates Greenville / Spartanburg 101 W. Court St., Suite A Greenville, SC 29601 Coldwell Banker Commercial Caine 117 Williams St. Greenville, SC 29601 Avison Young - South Carolina Inc. 656 S. Main St., Suite 200 Greenville, SC 29601 McCoy Wright Inc. 109 S. McDuffie St. Anderson, SC 29624 Cushman & Wakefield | Thalhimer 15 S. Main St., Suite 502 Greenville, SC 29601 Cardinal Commercial Properties 100 Orchard Park Drive, Suite 26262 Greenville, SC 29616 KDS Commercial Properties LLC 340 Rocky Slope Road, Suite 302 Greenville, SC 29607
Phone / Website / Email 864-232-9040 www.naiearlefurman.com info@naiearlefurman.com 864-583-1001 www.spencerhines.com jellis@spencerhines.com 864-295-3333 www.gibbsrealty.com darrell@gibbsrealty.net 864-527-6070 www.cbre.com/greenville
Top Local Official(s) / Year Founded
Transactions: No. / Value
Jonathan A. Good 1986
690 $574,340,000
Lynn Spencer, Bobby E. Hines 1986 Darrell Gibbs 1994
412 $2,239,320 262 $34,777
Stephen B. Smith 1988
233 $296,531,945
864-297-4950 www2.colliers.com/en/United-States/Cities/Greenville liz.mccary@colliers.com
David M. Feild 1906
146 $177,225,877
864-233-7724 www.joynercommercial.com mcarter@joynercommercial.com
Matt Carter, Danny Joyner 1964
143 $82,000,000
Charles B. Langston 1992
122 $47,320,757
864-848-9070 www.langston-black.com rraffaldt@langston-black.com 864-704-1040 www.lee-associates.com/greenville ebentley@lee-associates.com 864-250-4640 www.cbccaine.com dwhitfield@cbccaine.com 864-334-4145 www.avisonyoung.us/web/greenville avisonyoungsouthcarolina@gmail.com 864-224-3503 www.mccoywright.com johnjr@mccoywright.com 864-370-8155 www.thalhimer.com brian.young@thalhimer.com 864-559-8227 www.cardinalcommercialproperties.net info@cardinalcommercialproperties.net 864-242-4200 www.kdsproperties.com admin@kdsproperties.com
P. Randall Bentley 2005
106 -
Brad Halter 1933
95 $76,304,806
Christopher B. Fraser 2013
65 $24,035,408
Emory J. Williamson 1952
60 $40,000,000
Brian J. Young 1913
56 $89,811,827
Robert Leland Brissie 2013
54 $10,500,000
Michael W. Kiriakides 2001
46 $71,159,973
Comm. Brokers / Current Listings / Upstate Offices 67 606 3 22 475 2 17 42 1 15 194 1 14 263 2
Types of Properties Agricultural; flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Agricultural; flex; health care; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Agricultural; flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Flex; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; warehouse Agricultural; flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse
24 182 1
Agricultural; flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse
17 182 1 11 145 2 13 87 2 10 54 1 7 110 1 7 47 1 1 35 1 12 59 1
Agricultural; flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; warehouse Flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; warehouse Agricultural; flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Flex; income-producing; industrial; land; multifamily; office; restaurant; retail; warehouse Agricultural; flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse Agricultural; flex; health care; hotel, motel; income-producing; industrial; land; multifamily; office; restaurant; retail; sports, entertainment; warehouse
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by Paige Hardy
Local business news updates... as they happen! Greenville and Avison Young are open for business! Although we are socially distancing, we never stop working for you. We are here to help you with all your commercial real estate needs. A special thank you to all the first responders and essential workers for their service, clients for their trust in us and our employees for their dedication.
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43
ARCHITECTURE ENGINEERING & CONSTRUCTION
C
onstruction workers kept building even duing the quietest early days of the pandemic, but the coronavirus did not spare construction and related industries completely. Employment numbers have been a bright spot after an initial drop from March to April, with increases reported in the mining, logging and construction sector in May and June 2020.
FAST FACTS » 213.86 MILLION SQ. FT. The inventory in the Greenville-Spartanburg industrial market PAGE 50
» -16%
The decrease from March 2020 to May 2020 in new private housing units authorized by building permits in S.C.
PAGE 46
SECTION SPONSOR
44
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
YOU ARE ONLY AS GOOD AS YOUR LAST PROJECT Many years ago, a client gave us that advice to let us know that whatever we were doing for that client, at that moment, large or small, should be the most important thing we were doing. We have worked to remember that for 45 years, 5,000-plus projects, in 38 South Carolina counties covering billions of dollars in capital investment. We did it one project at a time, from $200 to $200 million. For all of our South Carolina clients over the years, thank you for the opportunity to serve you with the best we have. Let’s keep a good thing going.
YEARS
CELEBRATING
w w w.onealinc.com
1975
2020
New private housing units authorized by building permits in S.C. Recession
5,000
THE TREND:
INITIAL DECREASE IN PERMITS SINCE MARCH 2020 Since the onset of the coronavirus pandemic, building permits for residential housing have declined. The data is volatile month-to-month, so it is unknown if this trend will continue. In 2019, permits grew 38% from March to May.
4,000
3,077 March 2020
3,000
2,642
April 2020
2,595 May 2020
2,000
-16%
decrease from the beginning of COVID-19 impact in March through May.
1,000
0
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Source: Federal Reserve Bank of St. Louis
Mining, Logging, and Construction employment in Greenville-Anderson-Mauldin MSA 23K
COVID-19 Initial impact
Recession
- Increase from previous month 22K
- Increase from previous month
21K
2/20
19,603
3/20
19,546
4/20
20K
5/20 6/20
19K
19,023 19,428
THE TREND:
18K
EMPLOYMENT IN MINING, LOGGING AND CONSTRUCTION MAINTAINING
17K
After an initial drop of -3.6% from March to April, this sector has seen two consecutive months of employment increases. During the Great Recession, the decline in employment in this sector began in February 2008 without consecutive months of growth until December 2011.
16K 15K 14K 13K 2007
18,842
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020 Source: Federal Reserve Bank of St. Louis
46
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
LANGLEY & ASSOCIATES ARCHITECTS LANGLEY & ASSOCIATES ARCHITECTS
Langley & Associates Architects Celebrates Langley & Assoicates Architects Celebrates 25 Years 25 Years ofofArchitectural Architectural Design Design ServicesServices
David Langley | Principal Architect
David Greer | Project Architect
Ann Moran | Interior Designer
Kevin Henderson | Project Designer
Jessica Schultz | Architectural Associate
Josh Bates | CAD Technician Alvah Davis | Architectural Assoicate Featured are Langley & Associates Architects’ Design Team and a variety of projects from throughout their 25 years, including: Generations of Irmo (Irmo, SC); Carolina Square (Simponsville, SC); The Farehouse at Taylors Mill (Taylors, SC); Kia of Greenville (Greenville, SC); Bin 112 Restaurant (Greer, SC); Greer Middle College Charter High School (Taylors, SC); Parkview Apartments and Cannon Street Brewery (Greer, SC); Featured are Langley & Associates Architects’ Design Team and a variety of projects from throughout their 25 years, including: Generations of Irmo (Irmo, SC); Carolina Square (Simponsville, SC); The Farehouse at Taylors Mill (Taylors, SC); Kia Cannon Center (Greer, SC); & Gerard’s Restaurant (Greer, SC).
L L
of Greenville (Greenville, SC); Bin 112 Restaurant (Greer, SC); Greer Middle College Charter High School (Taylors, SC); Parkview Apartments and Cannon Street Brewery (Greer, SC); Cannon Center (Greer, SC); & Gerard’s Restaurant (Greer, SC).
reflect the client’s aspirations for their project.”
SOCIATES A AS R
TS TEC
successful for 25 years, will enable us, even as circumstances change, to continue to exceed our clients’ SPONSORED CONTENT expectations,” Langley noted. “We look forward to
&
I CH
Langley said. “We strive to be our client’s trusted partner, and to build long-term relationships,” Langley said. By
25
LANGL EY
angley & Associates Architects, an award
Langley said the the firm firm believes in takingin a creative angley &-winning AssociatesArchitecture Architects, an award-winning firm, celebrates 25 Langley said believes taking approach a creative by exploring multiple solutions to meet client needs while at the Architecture firm, celebrates 25 years in business this year. years in business this year. A general practice firm approach by exploring multiple solutions to meet client same time maintaining a common-sense methodology to each a A general practice firm offering Architectural design, site offering Architectural design, site planning, master needs while at the same time maintaining These core values, which underpin theproject. firm’s 25These years ofcore planning, master and planning, and interior services,Langley Langley & project. planning, interior designdesign services, common-sense methodology to each success, include: & Associates was founded in 1995 by David E. Langley, AIA. The Associates was founded in 1995 by David E. Langley, values, which underpin the firm’s 25 years of success, • We listen to our Clients. firm is located in Historic Downtown Greer, S.C. AIA. The firm is located in Historic Downtown Greer, include: • We design to meet the needs of our Clients. Since its establishment, Langley & Associates has worked S.C. We listen to our Clients. • We follow the budget. on more than 1,000 projects, including commercial, industrial, Since its establishment, Langley & Associates has We to meet the needs of our Clients. • We meet thedesign schedule. healthcare, senior living, historic preservation and restoration, worked on more than 1,000 projects, including commerWe follow budget. The firm’s design the approach is inclusive and open, which adaptive re-use of existing structures, religious, residential, multicial, industrial, healthcare, senior living, historic We meet the schedule. allows all members of the design team to participate in each aspect family, affordable housing, and master planning. preservation andofrestoration, adaptive re-userange of existing design is inclusive open, of the The designfirm’s process. Along approach with the owner and user and groups, “Such a diversity projects gives us a broad of structures, multi-family, all members of the design to particithe which Langleyallows team reviews information with an eyeteam towards the experience and the religious, opportunity toresidential, apply our knowledge and affordable housing, and categories,” master planning. patedelivery in eachschedule aspect of Along project andthethedesign budgetprocess. implications of with their the expertise across many different says David Langley, Founder and Principal. “The lessons learned one project “Such a diversity of projects gives from us a broad range of proposed ownersolutions. and user groups, the Langley team reviews Langley & Associates hastowards a strong commitment the enhances the valueand we bring to the next project. ” our knowledge experience the opportunity to apply information with analsoeye the project todelivery community. Staffbudget members not only volunteer their time Over the years, the firm has garnered a number of honorssays Upstate and expertise across many different categories,” schedule and the implications of their proposed withsolutions. various community groups and charitable organizations, but and David awards, Langley, including the 2013 Parks for lessons the Founder andExcellence Principal.Award “The the firm also provides design andalso consulting servicescommitment for local Design of The Cannon Center in Greer, SC, and the Greater learned from one project enhances the value we bring to Langley & Associates has a strong non-profits, including Homes of Hope and Greer Community Greer Chamber of Commerce’s Small Business of the Year Award the next project.” to the Upstate community. Staff members not only Center. in 2008. Over the years, the firm has garnered a number of Outreach volunteer their time with various community groups and “We understand our work impacts our communities and we The firm’s primary goal is to provide excellent services for honors and awards, including the 2013 Parks Excellence charitable organizations, but the firm also provides believe our approach, which has proven to be successful for 25 clients through all phases of design and construction, Langley said. Award for the Design of The Cannon Center in Greer, design and consulting services for local non-profits, years, will enable us, even as circumstances change, to continue “We strive to be our client’s trusted partner, and to build longand the Langley Greatersaid. Greer Chamber Commerce’s to exceed including Homes of Hope Langley and Greer Community our clients’ expectations,” noted. “We look termSC, relationships,” By fostering theseof relationships, Small Business of the Year Award in 2008. Outreach Center. forward to celebrating many more anniversaries with our clients, we develop a clear understanding of the client’s business, and of firm’s primary goal isWe to want provide excellent services partners,“We understand our where workwe impacts ourand communities and our communities live, work, play.” eachThe project’s goals and objectives. our designs to reflect for clients through all phases of design and construction, and we believe our approach, which has proven to be the client’s aspirations for their project.”
SARY ANNIVER 199 0 5 202
A
ARCHITECTS ARCHITECTS
109 South Main Street Greer, SC 29650 (864) 968-0224 109 South Main Street www.la-architects.com Greer, SC 29650 (864) 965-9550 www.la-architects.com
Total construction costs for S.C. metro areas $1.80B
THE TREND:
CHARLESTON NOW NO. 1 Though construction costs in Greenville and Charleston both decreased from 2017 to 2019, the costs in Greenville have dropped further, pushing Charleston to the highest total construction costs in 2019.
$2B
$1.63B
$1.61B $1.44B
$1.75B
$1.44B
$1.56B
$1.32B
$1.5B
$1.41B
$1.21B
$1.15B
Charleston-North CharlestonSummerville
$1.25B
$1.08B
$904M
Greenville-Anderson-Mauldin $672M
$840M
$790M
$760M
$963M
$871M
$1.0B
$750M
Columbia
$434M
$387M
$329M
$425M
$500M
$232M
$171M
$250 M
Spartanburg
2014
2015
2016
2017
2018
0
2019
Source: U.S. Census Bureau
Housing building permits for S.C. metro areas = 200 homes, 2018
39.3+60.7
= 200 homes, 2019
-10.2% 4,943
-1.3% 2,631
Spartanburg
-4.3%
1.3%
= Percent change from 2018-2019
6,433
4.2+95.8
Annual privately owned housing units
6,541
7,056
6,754
4,440
2,596
Columbia
Greenville-Anderson-Mauldin
Charleston-North CharlestonSummerville Source: U.S. Census Bureau
48
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
Greenville-Spartanburg office market, Q2 2020 17.54 million square feet
2 projects are under construction which, upon completion, will add 160,531 square feet to the office market
The approximate size of the Greenville-Spartanburg office market
In addition, there are 286,720 square feet of offices propsed to be built adding to the construction pipeline
$21.35 per square foot
The vacancy rate dropped from Q1 to Q2 Quarter 1
9.95%
Quarter 2
9.08%
Overall, the Greenville-Spartanburg market absorbed 35,232 square feet of office space during Q2, despite the spread of COVID-19 cases, which led many companies to close offices and send workers home to work when possible.
was the average weighted rental rate during the second quarter of 2020. Rents are expected to rise as operational costs increase from the pandemic. Expenses are increasing to create and maintain safe work environments.
Source: Colliers International
Sustainable Energy & Lighting Solutions Your future is brighter with us! CALL TODAY FOR YOUR FREE ANALYSIS
DRIVEN FOR SOLUTIONS POWERED BY PASSION At Thomas & Hutton, we’re more than just a consulting and professional services firm. Through human craft and ingenuity, our engineers, surveyors, landscape architects, and analysts collaborate with you to design visions, places, communities, foundations, life. Our people are driven for solutions and powered by passion to shape the built environment we live in, making it a better place.
Our mission is to help our neighboring South Carolina homeowners & businesses take advantage of MASSIVE tax incentives & rebates that will help them to save money, save time, & conserve natural resources.
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49
Greenville-Spartanburg industrial market, Q2 2020 9 buildings are
213.86 million square feet
under construction which, upon completion, will
add 1.76 million square feet to the
of inventory in the Greenville-Spartanburg industrial market
industrial market
In addition, there is 1.97 million square feet proposed to be built The overall market average triple net weighted rental rate dropped from Q1 to Q2.
The vacancy rate rose from Q1 to Q2 Quarter 1
6.20%
Quarter 2
7.11%
Though the market absorbed 117,104 square feet the overall vacancy rose in Q2 because 2.08 million square feet were delivered to the market.
Quarter 1 Quarter 2
$4.66 per square foot $3.61 per square foot
Source: Colliers International
Engineering Firms
Ranked by No. of Licensed Engineers in the Upstate Company Fluor Corp. 100 Fluor Daniel Drive Greenville, SC 29607 O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607 Thomas & Hutton 501 River St., Suite 200 Greenville, SC 29601 S&ME Inc. 301 Zima Park Road Spartanburg, SC 29301 Bunnell-Lammons Engineering Inc. 6004 Ponders Court Greenville, SC 29615 DeVita & Associates Inc. 1150 E. Washington St. Greenville, SC 29601 Davis & Floyd Inc. 1319 S.C. Highway 72/U.S. Highway 221 E. Greenwood, SC 29649 Goodwyn, Mills & Cawood Inc. 617 E. McBee Ave., Suite 200 Greenville, SC 29601 Fuller Group LLC 1350 Cleveland St., Suite C Greenville, SC 29607 Bluewater Civil Design PLLC 718 Lowndes Hill Road Greenville, SC 29607 EAS Professionals Inc. 9 Pilgrim Rd. Greenville, SC 29607 ECS Southeast LLP 1200 Woodruff Road, Suite H-12 Greenville, SC 29607 Gray Engineering Consultants Inc. 132 Pilgrim Road Greenville, SC 29607 Site Design Inc. 225 Rocky Creek Road Greenville, SC 29615
Phone / Website / Email 864-281-4400 www.fluor.com 864-298-2000 www.onealinc.com info@onealinc.com 864-412-2222 www.thomasandhutton.com info@tandh.com 864-574-2360 www.smeinc.com bschwartz@smeinc.com 864-288-1265 www.blecorp.com info@blecorp.com 864-232-6642 www.devitainc.com corp@devitainc.com 864-229-5211 www.davisfloyd.com marketing@davisfloyd.com 864-527-0460 www.gmcnetwork.com info@gmcnetwork.com 864-235-3580 www.fullergrp.com info@fullergrp.com 864-735-5453 www.bluewatercivil.com info@bluewatercivil.com 864-234-7368 www.eas-pro.com jmarrone@eas-pro.com 864-987-1610 www.ecslimited.com jnielsen@ecslimited.com 864-297-3027 www.grayengineering.com info@grayengineering.com 864-271-0496 www.sitedesign-inc.com ledge@sitedesign-inc.com
Top Local Official(s) / Year Founded
Engineers / Employees
1912
116 1600
Oil and gas, petrochemicals, government, power, industrial, infrastructure, operations maintenance, mining, nuclear and life sciences/advanced manufacturing
Judy Castleberry, Kevin Bean 1975
45 231
Engineering, procurement, construction of complex capital projects
Kevin E. Shoemake 1946
36 124
Consulting, surveying, entitlement, land planning, civil engineering and other civil related services to public and private clients throughout the Southeast
Angela Musselwhite, Howard Perry, Bill Schwartz Jr. 1977
28 77
Tom Lammons, Dan Bunnell 1996
19 119
Geotechnical and environmental engineering, environmental site assessments, special inspections and construction materials testing, chapter 1 code inspections, natural and cultural resources, air permitting, industrial hygiene, industrial permitting Geotechnical engineering, environmental consulting and engineering, construction engineering and inspections, construction materials testing, drilling, materials laboratory, transportation services, solid waste services
Darren C. Springer, Thomas P. Moran, W. Derrick Hiott 1984
18 67
Structural, precast concrete, mechanical, electrical, plumbing, fire protection, and commissioning services for private commercial development
Stephen L. Davis, Jason P. Eppley 1954
15 77
Civil/site development, transportation, water, wastewater, stormwater, environmental, and structural engineering, surveying, planning & landscape architecture, and CEI
Kevin Laird 1947
13 35
Water and wastewater, sports/recreation, K-12/higher education, environmental, transportation, commercial, industrial, landscape/master planning, geotechnical
11 21
Structural engineering for commercial and industrial buildings; forensic investigations, building envelope consulting
9 22
Civil engineering, sitework engineering, land development engineering, land planning, stormwater design and analysis, water design, sewer design and landscape architecture
9 59
Wetland delineation, slope stabilization, pavement and retaining wall design, 3D laser CCTV pipe inspections, aerial drone (UAS) surveying, infared camera scanning
9 31
Geotechnical engineering, construction materials testing, chapters 1 and 17 special inspections, materials laboratory, wetlands delineation, threatened and endangered species, Phase I and II ESA, mold, lead and asbestos studies
9 18
Civil site work design, land planning, landscape architecture, project management, road design, grading and storm drainage design; utility design, CEPSCI inspections, municipal utility, infrastructure design
9 50
Civil engineering, landscape architecture, land surveying
Bill Fuller, Ross Clements, Lucas Young 1997 Chris Price, Jason S. Henderson, Lynn A. Solesbee, Paul J. Harrison 2010 Daniel J. Stiles, Doug R. Dunko 2003 Allison Pursley, Jonathan Thrasher, Benjamin Temple 1998 Craig Rathke, Zach Johnson, Rodney E. Gray, David J. Graffius 1984 Craig Winnall, Clay Jones, Mark Binsz 1991
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
50
Area(s) of Specialization
ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
Researched by Paige Hardy
A passion for innovation Stäubli is a global mechatronics solution provider with three dedicated activities: Connectors, Robotics and Textile, serving customers who want to increase their productivity in many industrial sectors. We are an international group that currently operates in 29 countries, with agents in 50 countries on four continents. Originally founded in 1892 as a small workshop in Horgen/Zurich, today Stäubli is an international group with its North American headquarters located in Duncan, SC.
www.staubli.com
General Contractors
Ranked by Construction Revenue Received in 2019 in the Upstate Company BE&K Building Group 201 E. McBee Ave., Suite 400 Greenville, SC 29601 Harper General Contractors 35 W. Court St., Suite 400 Greenville, SC 29601 Brasfield & Gorrie LLC 1 N. Main St., Suite 904 Greenville, SC 29601 McCrory Construction 777 Lowndes Hill Road, Bldg. 3, Suite 107 Greenville, SC 29607 Evans General Contractors 550 S. Main St., Suite 602 Greenville, SC 29601 Triangle Construction Co. Inc. 2624 Laurens Road Greenville, SC 29607 Roebuck Buildings Co. Inc. 3600 S. Church St. Extension Roebuck, SC 29376 THS Constructors Inc. 150 Executive Center Drive, Suite 108 Greenville, SC 29615 Hogan Construction Group 10703 Anderson Road Easley, SC 29642 Clayton Construction Co. Inc. 121 Venture Blvd. Spartanburg, SC 29306 Mavin Construction 2 Ridgeway Ave. Greenville, SC 29607 Raby Construction 311 Haywood Road Greenville, SC 29607 Tricor Construction Inc. 1983 Chesnee Highway Spartanburg, SC 29303 Caldwell Constructors Inc. 340 Rocky Slope Road, Suite 204 Greenville, SC 29607
Phone / Website / Email 864-250-5000 www.bekbg.com
Top Local Official(s) / Year Founded Frank Holley, Mike Baumbach 1968 Matthew Johnson, Bryan Royal, David P. Wise 1950 Steven Barber, Gavin Axson, Ben Barfield 1964
864-527-2500 www.harpergc.com info@harpergc.com 864-704-1300 www.brasfieldgorrie.com 864-603-5840 www.mccroryconstruction.com info@mccroryconstruction.com 864-849-0094 www.evansgeneralcontractors.com leberhart@evans-gc.com 864-288-5500 www.triangleconstruction.com cpatrick@triangleconstruction.com 864-576-6330 www.roebuckbuildings.com jnash@roebuckbuildings.com 864-254-6066 www.thsconstructors.com shartman@thsconstructors.com 864-272-1527 www.hoganconstructiongroup.com 864-576-1901 www.claytonconstruction.net contactus@claytonconstruction.net 864-263-3713 www.mavinconstruction.com info@mavinconstruction.com 864-298-8008 www.rabyconstruction.com mraby@rabyconstruction.com 864-582-2570 www.tricorconstruction.com kelly@tricorconstruction.com 864-331-0797 www.caldwellconstructors.com contact@caldwellconstructors.com
2019: Construction Revenue Received / No. Contracts Completed
No. of Active Contracts
Employees / Work Performed in the Upstate
Area of Specialization Integrated construction services company serving advanced manufacturing distribution, aerospace, biotech and pharma, food and beverage, health care, higher education and commercial clients
$184,256,000 13
13
55 53%
$182,000,000 74
79
190 84%
Community, education, environmental systems, health care, industrial, municipal, office, retail, renovation
$116,358,619 19
16
45 100%
Aerospace, commercial, education, energy, government, healthcare, hospitality, industrial, infrastructure, mission critical, multifamily, senior living, sports and entertainment, and water
Don G. Warren, Fred Fulmer 1918
$98,812,786 8
10
17 32%
Design-build, pre-construction, construction management and general construction in commercial, retail, industrial and multifamily markets
Larry Eberhart, Tim Evans, Christian Hersacher 2013
$95,000,000 15
3
25 25%
Design build general contractor, complex manufacturing operations and industrial warehouses; new builds and expansions and renovations
Charley Patrick 1947
$65,000,000 20
15
57 95%
Construction services in Greenville and throughout the Upstate; competitive pricing structures and scheduling
Dean Anderson 1947
$62,649,726 38
18
73 95%
General contracting, design-build, design-bid-build and construction management of industrial and commercial projects
Dana Emberton, Howard Suitt, Tom Suitt 2005
$60,000,000 12
9
27 75%
Christopher M. Bowen 1998
$49,100,000 12
12
38 20%
Harry Clayton, Todd Horne 1981
$48,500,000 21
17
44 80%
Licensed general contractor; services in SC, NC, GA, FL, VA and TN; plan, build, follow up
DJ Doherty, Todd Malo 2012
$38,138,000 40
40
36 100%
Commercial, health care, education, ecclesiastical, retail, industrial, municipal and historical renovations; BIM, construction management, preconstruction, facility maintenance
Michael Raby 1996
$30,000,000 25
20
25 85%
Commercial, industrial, multifamily, medical, infrastructure
Kelly F. Cheek 2002
$26,300,000 1
1
65 5%
Soil retention, including mechanically stabilized earth walls, earth anchors, reinforced slopes, shoring, micropiles; sound walls
Brett Caldwell, David Caldwell, Gary Caldwell 2005
$25,706,000 29
14
27 100%
Institutional, medical, dental, commercial, office, retail, restaurant, industrial, partnering, design-build, pre-construction services
Fast track design-build, lump sum and construction management with areas in industrial, manufacturing, higher education, health care, office, research and development Construction manager, design-build, general contracting; manufacturing and industrial; commercial, education, institutional, health care and community projects
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
Researched by Paige Hardy
Architecture Firms
Ranked by No. of Licensed Architects in the Upstate Company
Phone / Website / Email
Top Local Official(s) / Year Founded
Architects / Total Employees
McMillan Pazdan Smith Architecture 400 Augusta St., Suite 200 Greenville, SC 29601
864-242-2033 www.mcmillanpazdansmith.com kcalhoun@mcmillanpazdansmith.com
Joseph M. Pazdan, Ron G. Smith, Brad B. Smith 1955
46 149
Planning and programming, architecture, interior design, construction administration, historic preservation, sustainable design, K-12 design, higher education design, industrial design, corporate design, healthcare design and civic design
O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607
864-298-2000 www.onealinc.com info@onealinc.com
Judy Castleberry, Kevin Bean 1975
40 231
Project delivery planning, design, procurement, construction services for capital projects
Craig Gaulden Davis Inc. 19 Washington Park Greenville, SC 29601
864-242-0761 www.cgdarch.com design@cgdarch.com
S. Scott Simmons, Scott E. Powell, Edward T. Zeigler 1957
10 23
Architecture, planning and interior design firm
DP3 Architects Ltd. 15 S. Main St., Suite 400 Greenville, SC 29601
864-232-8200 www.dp3architects.com
Ben R. Urueta, Brian Thomas, Meg Terry 1984
10 27
Architecture, interior design, space planning, master planning, hospitality, higher education, community, office upfits, commercial real estate, student centers, fire stations, public works, restaurants and breweries, recreation facilities
Ardurra Group Inc. (formerly Design South Professionals Inc.) 3 Linwa Blvd. Anderson, SC 29621
864-226-6111 www.dsouth.com brentw@dsouth.com
Chuck Joye, Joe Greenburg 1989
8 19
Government, commercial, education, planning and industrial, water, wastewater, stormwater, site design, industrial
MCA Architecture Inc. 28 Agora Place Greenville, SC 29615
864-232-8204 www.designmca.com sberry@designmca.com
Keith M. Clarke, Thomas S. Berry 1976
7 21
Industrial, commercial, corporate office, retail, medical office
Johnston Design Group LLC 411 University Ridge, Suite D Greenville, SC 29601
864-250-0701 www.johnstondesigngroup.us kim@johnstondesigngroup.us
Scott Johnston, David Anderssen, Kevin Davis 2001
5 16
Restorative design; review costs and benefits of various strategies
Radium Architecture 420 E. Park Ave., Suite 307 Greenville, SC 29601
864-242-9027 www.radiumarchitecture.com contact@radiumarchitecture.com
Brad Benjamin, Scott Kilgore 2011
4 5
Architecture, planning, interiors
SHLTR Architects LLC 108 Mohawk Drive, Suite B Greenville, SC 29609
864-603-1717 www.shltrarch.com info@shltrarch.com
Tara B. Hile, Chesley White 2016
4 4
Architecture firm
Context Design Group PLLC 4 Washington Park Greenville, SC 29601
864-233-3230 www.contextdg.net davidlewis@contextdg.net
Michael Scott Lewis, Jerry Carter Page, David William Lewis 2002
3 5
Commercial architecture and planning services
Earth Design Inc. 1309 Grove Road Greenville, SC 29605
864-603-1231 www.earthdesignsc.com contact@earthdesignsc.com
Cheryl Brown, Rick Huffman, Holley Owings 1996
3 11
Landscape architecture, master planning, residential landscape design, ecological inventories and assessments, environmental design, habitat restoration
SGA NarmourWright Design 718 S. Main St, Unit B Greenville, SC 29601
864-609-4199 www.sganwdesign.com info@sganwdesign.com
Christopher Nordmeyer 1987
3 5
Architecture, interior design, land planning, landscape architecture
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com.
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ARCHITECTURE, ENGINEERING AND CONSTRUCTION | www.gsabusiness.com
Description
Researched by Paige Hardy
Success from the Start Construction Management Commercial Industrial Upfits/Renovations ButlerTM Pre-Engineered Buildings
864-295-2728 www.marshbell.com Easley, SC
BUSINESS RESOURCES
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 Upstate. 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 Âť 1,512,090 The projected total population of the Upstate SC region in 2020. SOURCE: UPSTATE SC ALLIANCE
Âť 1,763,195
The projected total population of the Upstate SC region in 2035, a 16.6% increase.
SOURCE: UPSTATE SC ALLIANCE
SECTION SPONSOR
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BUSINESS RESOURCES | www.gsabusiness.com
Helping You Make the Right Financial Decisions for Your Business
INSIGHTS • ACCOUNTING • STRATEGY • REPORTING 864.908.3062 ● atlocke.com www.gsabusiness.com
| BUSINESS RESOURCES
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Chambers of Commerce Chambers in the Upstate, Ranked by No. of Members
No. of Members / Employees
Chamber
Phone / Website / Email
Top Local Official(s) / Year Founded
Greenville Chamber 550 S. Main St. Greenville, SC 29601
864-242-1050 www.greenvillechamber.org mcampbell@greenvillechamber.org
Carlos Phillips 1879
1,700 15
Greenville County, Upstate
Lead, convene and mobilize the business community to drive regional economic growth
Spartanburg Area Chamber of Commerce 105 N. Pine St. Spartanburg, SC 29302
864-594-5000 www.spartanburgchamber.com spartanburgchamber@spartanburgchamber.com
Allen C. Smith, John Kimbrell, Katherine O'Neill 1919
1,100 22
Spartanburg County
To build a vibrant Spartanburg through business, economic and tourism development
Anderson Area Chamber of Commerce 129 N. Main St., Suite 200 Anderson, SC 29621
864-226-3454 www.andersonscchamber.com pchristopher@andersonscchamber.com
Pamela Christopher 1903
820 4
Anderson County
Create an environment for healthy economic growth in the Anderson area and provide superior value for our members
Oconee County Chamber of Commerce 2 Leas Courtyard Drive Seneca, SC 29672
864-882-2097 www.oconeechambersc.org info@oconeechambersc.com
JoAnn Johnson 1906
620 1
Oconee County
Promote growth and improvement in the economy, the community and the quality of life in Oconee County
Greater Greer Chamber of Commerce 111 Trade St. Greer, SC 29651
864-877-3131 www.greerchamber.com info@greerchamber.com
David Merhib 1937
600 6
Greater Greer; a two-county region in the Piedmont area
Champion economic prosperity for our members and the Greater Greer community; our Chamber is made up of 600 members, including large and small businesses, government and nonprofit organizations, and individual realtors and entrepreneurs; members employ more than 50,000 people throughout our region
S.C. Hispanic Chamber of Commerce P.O. Box 1057 Taylors, SC 29687
864-643-7261 www.schcc.org info@schcc.org
Evelyn Lugo 2007
600
Statewide
To promote and support the advancement of the economic growth of Hispanic businesses in South Carolina
German American Chamber of Commerce - S.C. Chapter 4 Washington Park Greenville, SC 29601
404-586-6800 www.gaccsouth.com events@gaccsouth.com
Eckhard Wannenmacher, Vincenc Pearson 1978
NC, LC, GA, FL, AL, TN, MS, LA, AR, OK, TX, PR
The GACC South is a private, non-profit organization and serves as the official representative of German industry and trade in the Southern U.S.; it is part of an international network composed of 140 German Chambers of Commerce Abroad and government offices in 92 countries; the GACCs are one of the largest bi-national chambers in the U.S.
Greenwood S.C. Chamber of Commerce 110 Phoenix St. Greenwood, SC 29646
864-223-8431 www.greenwoodscchamber.org info@greenwoodscchamber.org
David L. Dougherty 1914
515 5
Greater Greenwood area
To serve as a champion for business and as an advocate for the community, thus strengthening and promoting economic success
Laurens County Chamber of Commerce 291 Professional Park Road Clinton, SC 29325
864-833-2716 www.laurenscounty.org
Amanda Munyan 1978
425 3
Laurens County
Serve as the unified voice to promote, strengthen and develop the business community of Laurens County by enhancing quality of life, workforce development, tourism and marketing initiatives
Greater Mauldin Chamber of Commerce 101 E. Butler Road Mauldin, SC 29662
864-297-1323 www.mauldinchamber.org info@mauldinchamber.org
Patricia Pomeroy 1982
375 3
Greater Mauldin area
Advocate for the successful growth and development of area businesses, large and small; nurturing entrepreneurship and unifying the community
Simpsonville Area Chamber of Commerce 105 W. Curtis St., Suite A Simpsonville, SC 29681
864-963-3781 www.simpsonvillechamber.com info@simpsonvillechamber.com
Allison McGarity 1980
375 3
Simpsonville area and Greenville County
The Simpsonville Area Chamber of Commerce provides leadership and advocacy to unite, promote and improve our community
Greater Easley Chamber of Commerce 2001 E. Main St. Easley, SC 29640
864-859-2693 www.easleychamber.org ecc@easleychamber.org
Lawson Clary, Cynthia B. Hopkins 1935
350 3
Easley, Pickens County and Powdersville (Anderson County)
Providing leadership and resources to strengthen the greater Easley business community and create a positive business environment and member experience
Clemson Area Chamber of Commerce 1105 Tiger Blvd. Clemson, SC 29631
864-654-1200 www.clemsonareachamber.org info@clemsonareachamber.org
Susan Cohen 1981
329 4
Clemson area, including Central, Clemson, Pendleton, Six Mile
To promote economic vitality and a favorable business climate while protecting and improving the region's quality of life
Greater Pickens Chamber of Commerce 222 W. Main St. Pickens, SC 29671
864-878-3258 www.pickenschamberofcommerce.com greatpickenschamber@gmail.com
Kimberly Smagala 1900
300 2
Greater Pickens area
Dedicated to enhancing and improving the business climate and quality of life in the greater area of Pickens County and in the surrounding region
Greater Abbeville Chamber of Commerce 107 Court Square Abbeville, SC 29620
864-366-4600 www.abbevillechamber.org abvchamber@wctel.net
Janice P. Corriveau 1982
150 2
Abbeville County
Advocate for members, networking, identify economic development needs, advertising, promoting tourism, develop community leaders, improving quality of life in our community, prompting further business development
Union County Chamber of Commerce 135 W. Main St. Union, SC 29379
864-427-9039 www.unionsc.com chamber@unionsc.com
Jami D. Trammell 1904
134 2
Union County
Promote and meet the needs of business and industry while enhancing, and creating a community to live, work and play in
Greater Travelers Rest Chamber of Commerce P.O. Box 329 Travelers Rest, SC 29690
864-708-0888 www.greatertrchamber.com communications@greatertrchamber.com
Sandra Stroud 2011
130
Upstate, greater Travelers Rest area, Slater, Marietta, north Greenville
To foster economic development, support, community renewal, provide networking opportunities and encourage unity in the Greater Travelers Rest area
550
Geographic Coverage
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com. Researched by Paige Hardy.
56
BUSINESS RESOURCES | www.gsabusiness.com
Mission Statement
YOU NEED A PARTNER IN BUSINESS NOW MORE THAN EVER. THE GREENVILLE CHAMBER HAS BEEN A STEADFAST PARTNER TO BUSINESSES ALL OVER THE UPSTATE FOR OVER 130 YEARS, AND WE ARE STILL CONNECTING YOU TO THE CLIENTS, PROGRAMS & RESOURCES YOU NEED TO BUILD AND MAINTAIN A THRIVING BUSINESS. IF YOU’RE IN BUSINESS, YOU HAVE A PARTNER IN US. Learn more at www.greenvillechamber.org
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| BUSINESS RESOURCES
57
S.C. Constitutional Offices S.C. Governor Henry McMaster 803-734-2100 governor.sc.gov S.C. Lieutenant Governor Pamela Evette 803-734-2100 ltgov.sc.gov/lieutenant-governor Secretary of State Mark Hammond 803-734-2170 scsos.com Attorney General Alan Wilson 803-734-3970 scag.gov Treasurer Curtis M. Loftis Jr. 803-734-2016 treasurer.sc.gov
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Auditor George L. Kennedy III 803-832-8929 osa.sc.gov
Natural Resources Director Robert H. Boyles Jr. 803-734-4007 dnr.sc.gov
Superintendent of Schools Molly Spearman 803-734-8500 ed.sc.gov
Labor Director Emily H. Farr 803-896-4300 llr.sc.gov
Director of Insurance Raymond Farmer 803-737-6160 doi.sc.gov
Public Service Commission Chairman Comer H. “Randy” Randall (interim) 803-896-5100 psc.sc.gov
Comptroller Richard Eckstrom 803-734-2121 cg.sc.gov
Upstate’s Congressional Representation U.S. Senate
Agriculture Commissioner Hugh E. Weathers 803-734-2179 agriculture.sc.gov Adjutant General Maj. Gen. Van McCarty 803-299-4200 scguard.com
BUSINESS RESOURCES | www.gsabusiness.com
Lindsey Graham (R) lgraham.senate.gov 864-250-1417 Tim Scott (R) scott.senate.gov 864-233-5366
U.S. House Jeff Duncan (R) 3rd Congressional District: Edgefield, Saluda, McCormick, Greenwood, Abbeville, Anderson, Oconee, Pickens and Laurens counties, and portions of Greenville and Newberry counties jeffduncan.house.gov 864-681-1028 (Clinton office) 864-224-7401 (Anderson office) William Timmons (R) 4th Congressional District: Portions of Spartanburg and Greenville counties timmons.house.gov 864-241-0175 (Greenville office) 864-583-3264 (Spartanburg office) Ralph Norman (R) 5th Congressional District: Union, Chester, Fairfield, Kershaw, Lee, Lancaster and York counties, and portions of Newberry, Spartanburg, and Sumter counties norman.house.gov 803-327-1114 (Rock Hill office)
S.C. General Assembly S.C. Senate
To contact senators, visit www.scstatehouse. gov/member.php?chamber=S
Thomas C. Alexander (R) District 1 – Oconee and Pickens counties 803-212-6220 Rex F. Rice (R) District 2 – Pickens County 803-212-6100 Richard J. Cash (R) District 3 – Anderson County 803-212-6124 Michael W. “Mike” Gambrell (R) District 4 – Abbeville, Anderson and Greenwood counties 803-212-6040 Thomas D. “Tom” Corbin (R) District 5 – Greenville and Spartanburg counties 803-212-6100 Dwight A. Loftis (R) District 6 – Greenville County 803-212-6008 Karl B. Allen (D) District 7 – Greenville County 803-212-6008 Ross Turner (R) District 8 – Greenville County 803-212-6148 Daniel B. “Danny” Verdin III (R) District 9 – Greenville and Laurens counties 803-212-6250 Floyd Nicholson (D) District 10 – Abbeville, Greenwood, McCormick and Saluda counties 803-212-6040 Glenn G. Reese (D) District 11 – Spartanburg County 803-212-6108 Scott Talley (R) District 12 – Greenville and Spartanburg counties 803-212-6048
Shane R. Martin (R) District 13 – Greenville, Spartanburg and Union counties 803-212-6420
Westley P. “West” Cox (R) District 10 – Anderson, Greenville and Pickens counties 803-212-6931
Harvey S. Peeler Jr. (R) District 14 – Cherokee, Spartanburg, Union and York counties 803-212-6430
Craig A. Gagnon (R) District 11 – Abbeville and Anderson counties 803-212-6934
Ronnie W. Cromer (R) District 18 – Lexington, Newberry and Union counties 803-212-6240
J. Anne Parks (D) District 12 – Greenwood and McCormick counties 803-734-3069
S.C. House of Representatives
John R. McCravy III (R) District 13 – Greenwood County 803-212-6939
To contact representatives, visit www. scstatehouse.gov/member.php?chamber=H
William R. “Bill” Whitmire (R) District 1 – Oconee County 803-734-3068
Stewart O. Jones (R) District 14 – Greenwood and Laurens counties 803-212-6713
William E. “Bill” Sandifer III (R) District 2 – Oconee and Pickens counties 803-734-3015
Mark N. Willis (R) District 16 – Greenville, Laurens counties 803-212-6882
Gary E. Clary (R) District 3 – Pickens County 803-212-6908
James Mikell “Mike” Burns (R) District 17 – Greenville County 803-212-6891
David R. Hiott (R) District 4 – Pickens County 803-734-3022
Tommy M. Stringer (R) District 18 – Greenville County 803-212-6881
Neil A. Collins (R) District 5 – Pickens County 803-212-6913
Patrick B. Haddon District 19 – Greenville County 803-212-6962
W. Brian White (R) District 6 – Anderson County 803-734-3144
Adam M. Morgan (R) District 20 – Greenville County 803-212-6795
John Taliaferro “Jay” West IV (R) District 7 – Abbeville and Anderson counties 803-212-6954
Bobby J. Cox (R) District 21 – Greenville County 803-212-6883
Jonathon D. Hill (R) District 8 – Anderson County 803-212-6919 Anne J. Thayer (R) District 9 – Anderson County 803-212-6889
Jason Elliott (R) District 22 – Greenville County 803-212-6877 Chandra E. Dillard (D) District 23 – Greenville County 803-212-6791
Bruce W. Bannister (R) District 24 – Greenville County 803-212-6944 Leola C. Robinson (D) District 25 – Greenville County 803-212-6941 Garry R. Smith (R) District 27 – Greenville County 803-734-3141 Ashley B. Trantham (R) District 28 – Greenville County 803-212-6966 Dennis C. Moss (R) District 29 – Cherokee, Chester and York counties 803-734-3073 Rosalyn D. Henderson-Myers (D) District 31 – Spartanburg County 803-212-6965 Max T. Hyde Jr. (R) District 32 – Spartanburg County 803-212-6790 Edward R. “Eddie” Tallon Sr. (R) District 33 – Spartanburg County 803-212-6893 P. Michael “Mike” Forrester (R) District 34 – Spartanburg County 803-212-6792 William M. “Bill” Chumley (R) District 35 – Greenville and Spartanburg counties 803-212-6894 Merita A. “Rita” Allison (R) District 36 – Greenville and Spartanburg counties 803-734-3053 Steven Wayne Long (R) District 37 – Spartanburg County 803-212-6878 Josiah Magnuson (R) District 38 – Spartanburg County 803-212-6876 Leon D. “Doug” Gilliam (R) District 42 – Laurens and Union counties 803-212-6968
www.gsabusiness.com
| REAL ESTATE
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STEP-BY-STEP GUIDE FOR STARTING A BUSINESS From The U.S. Small Business Administration: Step 1: Write a business plan. Step 2: Get business assistance and training. Step 3: Choose a business location. Step 4: Finance your business. Step 5: Determine the legal structure of your business. LLC, sole proprietorship, general partnership, C corporation, or other special structures: www.scbos.sc.gov Step 6: Register a business name (“doing business as”). Step 7: Get a Tax Identification Number. This is a federal requirement from the IRS. Here is a link to IRS information from S.C. Business One Stop: www.scbos.sc.gov/business-resources Step 8: Register for state and local taxes. Step 9: Obtain business licenses and permits. These are county and city requirements. Check with your local government offices: • LLCs and corporations have to register with the S.C. Secretary of State’s office • Retailers must register with the S.C. Department of Revenue for sales, use and accommodation taxes. • Some specific businesses and occupations require licenses, such as real estate agents, barbers and lawyers. Selling alcohol, food or clothing requires special licenses from the S.C. Department of Labor, Licensing and Regulation. Step 10: Understand employer responsibilities. The process is described at www.scbos.sc.gov/portals/0/site/business%20resources/ planning_on_hiring_or_adding_new_employee.pdf
Here are some other helpful lists for starting a business: S.C. businesses: www.scsbdc.com/start.php Columbia businesses: www.columbiasc.net/business/starting-a-business/startup-checklist Charleston Score: www.score.org/resources/first-steps-getting-your-business-and-running From the IRS: www.irs.gov/businesses/small-businesses-&-self-employed/starting-a-business Here are some links to running a self-assessment to make sure owning a business is right for you: • www.score.org/resources/entrepreneur-mindset-skills • www.sba.gov/content/entrepreneurship-you Source: U.S. Small Business Administration
LEGAL STRUCTURES OF BUSINESSES When you set up your business, you will need to choose the proper legal structure. Here are some of the choices, each meeting particular needs: Sole proprietorship:
A simple informal structure that is inexpensive to form. The owner operates it, is personally liable for all business debts, can freely transfer all or part of the business, and can report profit or loss on personal income tax returns using Schedule C.
Limited liability company:
Generally considered advantageous for small business because it combines the limited personal liability of a corporation with the tax advantage of a partnership or sole proprietorship.
General partnership:
Partnerships are inexpensive to form. They require an agreement between two or more individuals or entities to jointly own and operate a business. Profit, loss and managerial duties are shared among the partners, and each is personally liable for partnership debts. The partnership does not pay income tax but must file an informational return. Individual partners report their share of profits and losses on their personal return.
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Corporation (Inc. or Ltd.):
This is a complex business structure with more startup costs. A corporation is a legal entity separate from its owners, who own shares of stock in the company. It can be created for profit or nonprofit purposes. Profits are subject to income tax at both the corporate level and when distributed to shareholders. Shareholders are not personally liable for corporate obligations as long as corporate formalities have been observed.
Sub chapter S corporation (Inc. or Ltd.):
This structure is identical to the C corporation in many ways but offers avoidance of double taxation. If a corporation qualifies for S status with the IRS, it is taxed like a partnership. SOURCE: S.C. Small Business Development Center
For more information and other structures: • www.sba.gov/category/navigation-structure/starting-managing-business/ starting-business • www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/BusinessStructures
Because Your Bottom Line is our TOP concern!
Even though BGC is sized to handle a wide variety of complex engagements, we still maintain our small-town feel with quick responsiveness, long-term commitment, to clients and staying local. Making lives easier and businesses better for the last 40 years.
B GC
BRADSHAW, GORDON & CLINKSCALES CERTIFIED PUBLIC ACCOUNTANTS
bgcllc.com | 864-233-0590 | 630 E. Washington St., Greenville www.gsabusiness.com
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STARTING UP AND STAYING THERE Your guide for launching a business (or keeping it afloat) in 2020
AccelerateSC Formed from initiatives driven by Gov. Henry McMaster’s AccelerateSC taskforce, accelerate.sc.gov covers the details on everything COVID-19 from Economic Injury Disaster Loans to social distancing guidelines by sector. Any additional questions can be fielded by the site’s call center, open from 8:30 a.m.5 p.m. Monday through Friday. Web: https://accelerate.sc.gov Phone: 833-722-2578 Alerion Ventures Early-stage investment company Alerion Ventures helps secure opportunities for capital-efficient companies with potential for substantial scale and return-on-investment, especially companies in the business-to-business software, technology-enabled service and health care software and service fields. Web: https://alerion.ventures Address: 105 Broad St., Charleston CommunityWorks and Women’s Business Center Before CommunityWorks became an SBA Women’s Business Center, it already helped jump-start enterprises across the Upstate through small business loans up to $250,000, coaching and executive skill-building seminars. CommunityWorks also offered counsel and lending opportunities for businesses interested in SBA financing opportunities throughout the COVID-19 pandemic. Through Coronavirus Aid Relief and Economic Security Act funding, the nonprofit’s new Women’s Business Center will offer female entrepreneurs targeted business counseling, education and support. Web: https://communityworkscarolina.org/ Address: 100 W Antrim Drive, Greenville Phone: 864-235-6331 GreenHouse Business Incubator Downtown Spartanburg’s Greenhouse Business Incubator, powered by University of South Carolina Upstate extends mentoring, outreach, programming and office space to local startups and helps entrepreneurs refine strategies for attracting investor funding. Web: https://www.uscupstate.edu and search for
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BUSINESS RESOURCES | www.gsabusiness.com
GreenHouse Business Incubator Address: 160 E. St. John Street, No. 374, Spartanburg Phone: 864-503-7623 Email: bbrady3@uscupstate.edu Minority Business Development Agency Columbia’s Minority Business Development Agency, an arm of the U.S. Chamber of Commerce, helps existing minority-owned businesses find their niche in the market through client assessment based on a Business Needs Analyzer, strategic business consulting and access to capital. Web: http://www.columbiambdacenter.com/ Address: 400 Percival Road, Columbia, S.C. 29206 Phone: 803-743-1152 Email: busdev@columbiambdacenter.com NEXT NEXT serves as a multi-faceted hub to help meet the physical, fiscal and cerebral needs of the Greenville’s high-impact startups. The network leases office space at three locations, coordinates mentorship and pitch programs and hosts events for green entrepreneurs and evergreen CEOs alike. Web: https://nextsc.org/connect/ Address: 411 University Ridge, Greenville Phone: 864-751-4845 Email: info@nextscorg Piedmont Score As a partner of the U.S. Small Business Administration, SCORE connects business owners with current or retired executives that serve as confidential mentors — free-of-charge. Mentors can guide entrepreneurs one-on-one as they develop and execute a business plan. Others offer guidance through workshops. Web: https://piedmont.score.org Address: 31 Boland Court, Suite 150, Greenville Phone: 864-271-3638 PPE.Exchange Launched in April by the S.C. Manufacturing Extension Partnership, the S.C. Hospital Association, the S.C. Department of Commerce and SCBio, PPE. Exchange links regional and national suppliers to businesses in need of affordable personal protective equipment and medical supplies through an automated web platform. Web: https://ppe.exchange/ Email: cspangler@scmep.org
S.C. Small Business Development Centers S.C. SBDC’s 20 locations across the Upstate, Midlands and Lowcountry offer seminars and free one-on-one consulting for business owners and prospective business owners seeking to jumpstart a new product or seek out new markets, even during a pandemic. The program has helped catalyze 500 ventures and accrue $383 million in capital funding for startups since 2006. Web: https://www.scsbdc.com Phone: 803-777-0749 Email: scsbdc@sc.edu Scribble: South Carolina Innovation Hub The S.C. Commerce Department’s Office of Innovation hosts ScribbleSC.com as a toolkit for entrepreneurs and soon-to-be entrepreneurs searching for shared work spaces, venture capital, equipment, start-up support and business incubators across the state. Podcasts and videos on fostering creativity and innovation in the work place abound. Web: https://scribblesc.com/ Phone: 803-737-1588 Email: info@scribblesc.com VentureSouth Southeastern entrepreneurs facing a shortage in startup or expansion capital just may have the right pitch to garner financial support and advising from Venture South’s investment fund and network. Overall, the company has invested more than $40 million in more than 70 companies across the region and helped attract over $500 million in additional capital for portfolio companies following a VentureSouth Investment. Web: https://venturesouth.vc Address: 225 S. Pleasantburg Drive, Suite C-15, Greenville
FINANCING YOUR BUSINESS Where to go for assistance LOANS
The U.S. Small Business Administration facilitates some loans: • The 7(a) Loan program is the most flexible and most commonly used. These are not government loans but come from banks and approved lenders. The SBA reduces the lender’s risk. • Basic loans and a special loan programs are offered for international trade and exports. • 504 Loans from the SBA are specifically for expansion needs such as land, buildings and equipment. • Microloans are also available for up to $50,000 for businesses. The SBA works with more than 100 intermediaries for the small loans. Information is available at www.communityworkscarolina.com for the Upstate. • The State Trade and Export Promotion program provides matching funds assisting small businesses working in international markets. • The Small Business Innovation Research program is a competitive program for domestic small businesses competing for federal research and development grants. The program is designed to encourage research and development by providing an incentive for commercialization. • A similar program, the Small Business Technology Transfer Program, is a direct partnership between the R&D budgets of federal agencies, such as defense and energy and small business.
Source: https://www.sba.gov/sites/default/files/files/resourceguide_3145.pdf
Economic development agencies and nonprofit organizations can also provide some financing. Here are some items to think about: • You will need to apply for the loan and provide information such as what needs to be purchased, how the loan will be used and who is managing the funds. • You will need to provide: • A resume and business plan. • Personal and business credit report. • Income tax returns. • Financial statements from your business. • Some loans may require collateral. • You may also need to submit the legal documents regarding your business organization
GRANTS
Federal grants are available but only for noncommercial organizations. These are targeted toward medicine, education, research and technology. Some states provide grants for specific industries. Most require matching funds or other forms of financing such as a loan. Source: U.S. Small Business Administration
VENTURE CAPITAL
• Venture capital is a type of equity financing that addresses the funding needs of entrepreneurial companies that cannot seek capital from more traditional sources. It is typically targeted to startups and high-growth technology companies. • Profit is shared with the investors, who have a right to call in the capital. Funds are typically from limited partners, pension funds and hedge funds. • The SBA has a Small Business Investment Company Program that works with licensed private investment funds to provide growth capital to U.S. small businesses. • The SBIC Directory is available at https://www.sba.gov/content/sbic-directory. • Some of these funds come from angel investor groups.
OTHER FINANCE AIDS
BusinessUSA Financing Tool This is a search tool for government financing for your business. These are not grants, but typically loans or contracts available to small businesses. • http://business.usa.gov/access-financing Amber Grants for Women This is a special organization to help women. The website also has a specialized search tool for loans and grants for women-owned businesses. • www.ambergrantsforwomen.com S.C. Division of Small and Minority Business Contracting and Certification This site serves as a one-stop shop for those looking for minority-owned businesses or looking to become certified as a minority-owned business. • Provides a connection to state contract and procurement opportunities through the Materials Management Office. • Provides workshops, consultation and dispute resolution for business. http://osmba.sc.gov/
Economic Development Organizations Ranked by No. of Employees in the Upstate
•
Company
Phone / Website / Email
Top Official(s) / Year Founded
Clemson University Research Foundation 391 College Ave., Suite 401 Clemson, SC 29631
864-656-0797 www.curf.clemson.edu curf@clemson.edu
Chris Gesswein, Vincie C. Albritton 1982
15
Generate research funding opportunities for Clemson University and to support research initiatives that advance university discoveries to create new products and services for public use and benefit
Upstate S.C. Alliance 124 Verdae Blvd., Suite 202 Greenville, SC 29607
864-283-2300 www.upstatescalliance.com mwatson@upstatealliance.com
John H. Lummus 2000
11
A public/private regional economic development organization; market and promote the northwestern corner of South Carolina; position the Upstate to excel in the global economy through strategic marketing, collaboration, and thought leadership; work as a team with our local economic developers, investors
Clemson Region Small Business Development Centers 225 S. Pleasantburg Drive, Suite C-12 Greenville, SC 29607
864-370-1545 www.scsbdc.com clemsonsbdc@clemson.edu
Jill K. McCollum 1979
9
Advance South Carolina's economic development by helping entrepreneurs grow successful businesses; offering five offices in the Upstate
Greenville Area Development Corp. 233 N. Main St., Suite 250 Greenville, SC 29601
864-235-2008 www.gogadc.com dgaudreau@greenvillecounty.org
Kevin Landmesser, J. Mark Farris 2001
7
Recruit new companies to Greenville and help existing business expand with the goal of raising quality of life and per capita incomes for Greenville County citizens
City of Greenville Department of Economic Development 206 S. Main St., 9th Floor Greenville, SC 29601
864-467-4401 www.greenvillescbusiness.com econdev@greenvillesc.gov
Merle Johnson 1831
6
To promote a variety of activities and programs designed to obtain a healthy balance of strategic economic growth and improved quality of life; facilitating private development, implementing programs for business retention, pursuing annexation opportunities, developing and implementing revitalization, recruiting businesses and cultivating residential development
S.C. Technology & Aviation Center 2 Exchange St. Greenville, SC 29605
864-277-3152 www.sc-tac.com
Karen Gordon, Danny Moyd, Jody Bryson 1964
6
Business and industrial air park with more than 100 tenant companies that have an international presence in such industries as manufacturing, trade, technology, automotive and aviation, including Lockheed Martin, Michelin and 3M
Anderson County Economic Development 126 N. McDuffie St. Anderson, SC 29621
864-260-4386 www.acscdevelopment.com bnelson@andersoncountysc.org
Teri Cox Gilstrap, A. Burriss Nelson 1986
5
Recruit, create and support new industries within Anderson County and provide support to existing industries and businesses, in order to create jobs, wealth and an expanded tax base in Anderson County
Spartanburg Economic Futures Group 105 N. Pine St. Spartanburg, SC 29302
864-594-5000 www.economicfuturesgroup.com koneill@spartanburgchamber.com
Dwayne Hatchett, Katherine O'Neill, Kyle Sox 2000
5
Primary point of contact for domestic and international companies considering locations in Spartanburg county, state of South Carolina and the southeast U.S.
Ten at the Top 150 Executive Center Drive, Suite 202 Greenville, SC 29615
864-283-0345 www.tenatthetop.org info@tenatthetop.org
Dean Hybl 2009
5
Foster trust and collaboration through partnerships and cooperation that impact economic vitality and quality of life across Upstate South Carolina
Appalachian Development Corp. 880 S. Pleasantburg Drive, Suite 3-E Greenville, SC 29607
864-382-2350 www.adcloans.com info@adcloans.com
Connally Bradley 1982
4
We exist to provide SBA 504 loans and ADC funded loans throughout South Carolina to assist in the growth and economic development of businesses
Carolinas Alliance 4 Innovation 1907 Bethel Road Simpsonville, SC 29681
864-884-8899 www.ca4i.com
Lee Stogner, Fred Payne 2016
4
Promoting economic development as a 501(c)(6) corporation using innovative solutions with advanced multimodal transportation, infrastructure, engineering and education options
City of Anderson Economic Development 102 N. Murray Ave. Anderson, SC 29625
864-231-2605 www.andersoncityeconomicdevelopment.com kspears@cityofandersonsc.com
Kimberly Spears 2014
4
Plans and programs fostering the economic development and redevelopment of the city, including areas of recruitment, real estate development, business expansion and retention, marketing, promotions and planning signature events
Greenwood Partnership Alliance 104 Maxwell Ave., 6th Floor Greenwood, SC 29648
864-889-1250 www.partnershipalliance.com info@partnershipalliance.com
Kay Self, Dawn Hiller 1986
4
Provide leadership and financial support to improve economic growth and educational achievement in Greenwood County, in order to enhance the area's quality of life
1
Employees
Mission Statement
Because of space constraints, sometimes only the top-ranked companies are published in the print edition. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com. 1 Spartanburg Economic Futures Group will assume a new name as of Sept. 1.
Researched by Paige Hardy
www.gsabusiness.com
| BUSINESS RESOURCES
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INDEX Demographics, Employment & Economic Development.............................6
Real Estate.......................................................................................................36
Upstate counties.......................................................................................................................................................................... 8
Closed sales in the Greater Greenville region............................................................................................................38
Initial unemployment claims in S.C..................................................................................................................................10
Closed sales in the Spartanburg area............................................................................................................................38
Unemployment rate from March - June 2020..............................................................................................................10
Median sales price in the Greater Greenville region..............................................................................................39
Job loss by industry in S.C. from February - June 2020..........................................................................................12
Median sales price in the Spartanburg area..............................................................................................................39
South Carolina statewide lodging outlook report, June 2020............................................................................13
GSA Apartment Rent Trends................................................................................................................................................40
S.C. State Ports Authority.......................................................................................................................................................14
Greenville-Spartanburg Office submarket comparison, Q2 2020.....................................................................41
Inland port rail moves..............................................................................................................................................................15
Residential Real Estate Companies.................................................................................................................................42
South Carolina importing and exporting.......................................................................................................................16
Commercial Real Estate Firms...........................................................................................................................................43
Gross domestic product by metropolitan area, 2007-2018...................................................................................16
Architecture, Engineering and Construction..............................................44 Education......................................................................................................... 18
New private housing units authorized by building permits in S.C..................................................................46
COVID-19 impact on education...........................................................................................................................................20
Mining, Logging, and Construction employment in Greenville-Anderson-Mauldin MSA...................46
The connection between education and earnings.................................................................................................22
Total construction costs for S.C. metro areas.............................................................................................................48
Educational attainment and job security in the U.S. during COVID-19 era..................................................23
Housing building permits for S.C. metro areas..........................................................................................................48 Greenville-Spartanburg office market, Q2 2020........................................................................................................49
Medical and Health Care................................................................................24
Greenville-Spartanburg industrial market, Q2 2020...............................................................................................50
The first 150 days of COVID-19 ............................................................................................................................................26
Engineering Firms......................................................................................................................................................................51
Percentage of reported cases of COVID-19 vs. deaths by age group in S.C................................................28
General Contractors.................................................................................................................................................................52
Percentage of reported cases of COVID-19 vs. deaths by race and ethnicity in S.C..............................28
Achitecture Firms......................................................................................................................................................................52
Projected total deaths from COVID-19 by Nov. 1, 2020............................................................................................29
Business Resources.......................................................................................54 Finance.............................................................................................................30
Chambers of Commerce........................................................................................................................................................56
South Carolina banking performance............................................................................................................................32
Government..................................................................................................................................................................................58
PPP data for South Carolina................................................................................................................................................34
Step-by-step Guide for starting a business................................................................................................................60
Banks...............................................................................................................................................................................................35
Legal structures of businesses..........................................................................................................................................60 Starting up and staying there.............................................................................................................................................62 Financing your business: Where to go for assistance..........................................................................................62 Economic Development Organizations.........................................................................................................................63
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INDEX | 2020 Market Facts
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Charleston Port Services Warehouse 9016 Palmetto Commerce Pkwy, Ladson, SC 29456 320-258-8811 For dependable port service solutions PortServices@ATSinc.com
Storage and distribution PIC & PAC Distribution services Transload Container stripping and stuffing Heavylift cargo Breakbulk/project cargo Export crating (ISPM certified) On-site/mobile rigging service Container drayage Secure drop yard
TRUCKING SERVICES
ATS Logistic Services Inc. 531 S Main St. RL-107, Greenville, SC 29601 1-800-323-2286
AT S P O RT SERV ICES WAREHOUSE SERVICES
highway maritime projects logistics
Van Flatbed Step decks RGN Heavy haul (No size limitations) LTL Air charter Project cargo