2020 GSA Market Facts

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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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DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

T

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 .

FAST FACTS » 4,159%

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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

Visibility.

Predictability.

Flexibility.

®

See why the world connects here.

SCSPA.COM

www.gsabusiness.com

| DEMOGRAPHICS, EMPLOYMENT & ECONOMIC DEVELOPMENT

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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www.gvltec.edu/edct/ www.gsabusiness.com

| 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

www.gsabusiness.com

| 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

www.gsabusiness.com

| 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.

Call toll free: 888-845-6887 Email: Sales@DoctorsCare.com Employers.DoctorsCare.com

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

www.gsabusiness.com

| 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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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

SECTION SPONSOR

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

www.gsabusiness.com

| 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

www.gsabusiness.com

| 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!

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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

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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.

52

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

54

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

55

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

www.gsabusiness.com

| 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

58

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

59

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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BUSINESS RESOURCES | www.gsabusiness.com

Corporation (Inc. or Ltd.):

This is a complex business structure with more startup costs. A corporation is a legal entity separate from its owners, who own shares of stock in the company. It can be created for profit or nonprofit purposes. Profits are subject to income tax at both the corporate level and when distributed to shareholders.

Shareholders are not personally liable for corporate obligations as long as corporate formalities have been observed.

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

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

SOURCE: S.C. Small Business Development Center

For more information and other structures: • www.sba.gov/category/navigation-structure/starting-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

| BUSINESS RESOURCES

61

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

62

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

63

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

64

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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