Charleston Regional Business Journal - October 23, 2023

VOLUME 29 NUMBER 18 ■ CHARLESTONBUSINESS.COM

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SOARING HIGH

With carriers such as United and TAAG Angola Airlines increasing orders, the sky truly is the limit for Boeing and their 787 Dreamliners. Page 14

(Photo/Boeing)

Summerville’s new 278-unit community now under construction.

Page 8.

Upfront

BRIEFS | FACTS | STATEWIDE NEWS | BEST ADVICE

COVID-19 rates on rise in SC, but slower than last year

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ith the latest version of the COVID-19 vaccine causing doctors and pharmacists to be jabbing as fast as they can, a lot of South Carolinians are asking themselves if they need to get the vaccine and if we’re about to enter another post-pandemic surge.

We can’t answer that first question. You should check with your doctor who will be able to advise you on your individual circumstances before determining any medical treatments. But we can use some data from the Centers for Disease Control and Prevention to answer the second question.

The CDC has been tracking data from health departments across the country since the COVID-19 pandemic began around March 2020.

The data slowed as the pandemic abated, but all states are reporting more cases as the latest variant of the novel coronavirus has emerged.

The rates of COVID-19 infections is on an upward tick over three months and year to date, but those numbers are a far cry from the massive infections we were experiencing even in 2022. The data show that the rate of infections for the first eight months of 2023 across South Carolina’s 46 counties are down more than 147% on average compared to the first eight months of the previous year.

That’s a fairly good sign that we’re doing better than we were last year when measuring infections per 100,000 population. But when you look at the latest monthly figures, August infection rates are up more than 66% compared to June. So we’re seeing an uptick with more infections this time of year than in the middle of the year.

Scientists and physicians say this is to be expected. Much like the flu, COVID-19 is possibly entering an endemic phase so that we might have a COVID season. Fortunately, if your doctor clears you, you can get the flu shot and the COVID vaccine in the same visit.

Then your only decision will be one arm or both.

COVID COVID 19 19 rates rates of of infection infection in in SC SC c c

The map shows the rate of infection across South Carolina counties for August per 100,000 people. W The The map map shows shows the the rate rate of of infection infection across across South South Carolina Carolina counties counties for for August August per per 100,000 100,000 people. people. W W increased recently, they are lower than 2022.

The statewide infection rate was 586 per 100,000 peop increased recently, they are lower than 2022.

The statewide infection rate was 586 per 100,000 increased recently, they are lower than 2022. The statewide infection rate was 586 per 100,000 peop peop This year, the rate for August was 190 across South Carolina.

This This year, year, the the rate rate for for August August was was 190 190 across across South South Carolina.

Carolina.

162 162 162 in SC counties COVID 19 rates of infection 129

129 164 101 The map shows 181 the rate of infection South Carolina counties101 for August per 100,000 people. While 129 across 164 101 164 181 181 infection rates the have increased theyCarolina are lower thanfor 2022.

Theperstatewide infection rate was 586 The map shows rate of infectionrecently, across South counties August 100,000 people.

While infection ratesper have 139 increased recently, they are lower than 2022. The statewide infection rate was 586 per 100,000 people in August a year ago.

139 100,000 139people in August a year ago. This year, the rate for August was 190 across South Carolina.

COVID 19 rates of infection in SC counties

181

162

169 169 169 129

Change in COVID rates over 3 months

Change in COVID rates over 3 months

The chart shows the change over the last three months of data in the rates of infection per 100,000 population inThe threechart of South Carolina’s largest counties. shows the change over the last three months of data in the rates of infection per

106 106 106194

169

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166 199 199

100,000 population in three of South Carolina’s largest counties.

Richland County

Charleston County

174 117

129

168

179

131

117

199

287

166 166 166

160

222 222 222

243

169

Rates aboveabove 300 Rates 300 Rates above 300 Rates above people 300 per 100,000 people per 100,000 per 100,000 people

Source: Centers for Disease Control and Prevention

per 100,000 people

92 227 227 227

195

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Source: Source: Centers Centers for for Disease Disease Control Control and and Prevention Prevention198 Source: Centers for Disease Control and Prevention June

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per 100,000 people people per 100,000

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Greenville County

217 217 217

287 287 287

This year, the rate for August was 190 across South Carolina.

248 248 248 322 322 322

180 180 180

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179 Source: Centers for Disease Control and Prevention 213 213 213

PROOF

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October 23 - November 12, 2023

www.charlestonbusiness.com 3

SC Biz News Briefs

Representatives of Greenville Housing Fund, the city of Greenville and Truist Bank gathered near Unity Park for a $12 million ceremonial check presentation and celebration of 147 units of affordable senior housing coming soon at Southernside Senior Living, the first of several affordable and workforce housing developments to be funded under an innovative funding partnership. (Rendering/Provided)

GREENVILLE

GSA Business Report

$12M investment fuels affordable housing for seniors in Southernside

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$12 million check will go toward a 147-unit affordable senior housing development in Greenville’s Southernside neighborhood.

The Southernside Senior Living development is the first of several affordable and workforce housing developments to be funded under a funding partnership between the Greenville Housing Fund, the city of Greenville and Truist Bank, according to a news release.

Truist Bank approved the $12 million loan to Greenville Housing Fund to accelerate affordable housing projects and establish a reserve fund as part of an ongoing contribution agreement approved by the Greenville City Council last month, the release said. This capital will be invested in the production of 549 affordable rental units at three new Greenville developments, all of which are expected to break ground within the next year. In addition to Southernside Senior Living, the Riley at Overbrook on Lowndes Hill Road and Gateway at the Green near Woodruff Road will offer rental units at multiple affordable price points.

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BASS says it will bring ‘elite’ pro fishing tournament back to Lake Murray

SCMEP is a not-for-profit 501(c)3 organization affiliated with The National Institute of Standards and Technology’s (NIST) Hollings Manufacturing Extension Partnership (MEP), a network of 51 MEP Centers located in all 50 states and Puerto Rico.

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ake Murray is making waves in the national fishing tournament industry.

Capital City/Lake Murray Country has announced that the Bassmaster Elite Series will return to Lake Murray in 2024.

Since 1991, BASS has visited Lake Murray 10 times with its most recent trip, in April 2023 which proved to be an angling favorite on the Elite Series schedule, according to a news release.

The 2024 Lake Murray event will be held May 9-12 at Dreher Island State Park.

The BASS Elite Series schedule includes nine regular-season events in six states.

Along the tournament trail, these talented anglers will battle each other — and big bass — for the prestigious titles of: “Progressive Insurance Bassmaster Angler of the Year,” “Dakota Lithium Bassmaster Rookie of the Year,” and “Elite Series champion.”

BASS CEO Chase Anderson lauded the schedule as another great opportunity for the best professional anglers in the world to showcase their talents in diverse and exceptional fisheries, the release stated.

With publications in Charleston, Columbia and the Upstate, as well as a statewide magazine, SC Biz News covers the pulse of business across South Carolina.

Above are excerpts from our other publications.

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October 23 - November 12, 2023

South Carolina’s Media Engine for Economic Growth

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Beacon Community Bank has been rapidly expanding over the past six years, growing its Lowcountry footprint to serve clients throughout the area. (Photo/Provided)

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Privately held bank unveils new corporate HQ

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eacon Community Bank, a privately held community bank founded in Charleston, has opened its new two-story headquarters and branch at 2347 Highway 17 North in Mount Pleasant.

This is the sixth branch opening in six years in the Charleston tri-county area for the financial institution, according to a news release.

“This is the culmination of a dream for the bank to have our headquarters right here in Mount Pleasant,” said Tommy Baker, chairman of the board of Beacon Community Bank, in the release. “We are so proud to have our corporate home in the heart of the Six and Seven Mile communities and to be welcomed with open arms by local community leaders, right here in the town where I was born and raised. We’ve spent several years preparing for this moment, and our board members and employees couldn’t be more excited.”

Beacon Community Bank has been rapidly expanding over the past six years, growing its Lowcountry footprint to serve clients throughout the area, the release stated. In January 2018, Beacon opened its first branch in downtown Charleston on East Bay Street.

A second branch followed in Mount Pleasant

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contain a pavilion with picnic tables, a sweetgrass prairie that can be harvested for basket weaving, and a commemorative wall with plaques listing the surnames of the founding families that settled the Six and Seven Mile communities.

“We met with community leaders and asked them how we could thoughtfully contribute to the community,” said Baker. “The shared vision for this commemorative park began at that meeting, and we see this space as a purposeful place for the community to gather and harvest sweetgrass for many generations to come. This land is an important part of our Lowcountry heritage, and we celebrate that.”

With over 300 shareholders and an 18-member board of Charleston’s most distinguished leaders and business owners, Beacon was the first community bank to form in South Carolina in nearly a decade when it was founded in 2018.

Beacon Community Bank is a privately held community bank in the Charleston area serving its clients with personal high-caliber banking experiences. At Beacon, we love our bank, because we value building relationships with our clients to serve their specific needs through concierge service, tailored financial solutions, and state-of-the-art banking technology.

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Jessica Byerly, director of events

on Houston Northcutt in May 2019. A Daniel Island branch opened in April 2021, followed by the Mount Pleasant Ben Sawyer Boulevard branch in September 2022 and the bank’s fifth branch on International Boulevard in North Charleston in February 2023.

“As a kid in Mount Pleasant, I could have never dreamed of being part of an endeavor that would bring a local community bank headquarters to Mount Pleasant,” said Baker in the release. “And we plan to keep on growing, bringing new branch locations and resources to local businesses and residents over the many years to come.”

The bank’s new headquarters and branch totals approximately 11,000 square feet of space and includes bright, modern, open spaces for branch operations, corporate offices, and an office for 501(c)3 non-profit organization Community Action Group for Encouragement (C.A.G.E.) to utilize for community needs, according to the release.

Contractors on the project included Hill Construction, Goff D'Antonio Associates and Earthsource Engineering.

On the property, construction will soon begin on Grassroots Legacy Park, a new community park Beacon is dedicating to the community, the release stated. The park is adjacent to the bank’s headquarters and will

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October 23 - November 12, 2023

www.charlestonbusiness.com 5

Lowes Foods to open Summerville store

By Jason Thomas

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jthomas@scbiznews.com

owes Foods, a Carolinas-based grocer, is opening a fifth store in the Charleston market in Summerville, while the company plans to close other locations.

The Summerville store will be 50,887 square feet and will anchor a new retail center between two large Berkeley County residential developments, according to a news release.

The new Lowes Foods store, scheduled to open in 2025, is on the northeast side of the 5,000-acre Nexton community.

In addition, Lowes Foods has acquired Foothills IGA Market in Marble Hill, Ga., the release stated.

This will be the brand’s first store in Georgia. The store will continue to operate as an IGA for the next few months and will become a Lowes Foods store sometime in early 2024.

Along with the expansion, Lowes Foods have decided to close two stores, the release stated. Food Country purchased the location in Stuart, Va., at the end of September. The store

in Yadkinville, N.C., will be closing at the end of this month. Employees in the Yadkinville store are being given opportunities in other Lowes Foods.

“Lowes Foods is deeply committed to providing an exceptional shopping experience for our guests at all our store locations,” Tim Lowe, head of retail, and Alex Lee, president, Lowes Foods, said in the release. “Our coming stores in Summerville and Georgia will be important areas of growth for our company, and we’re excited about our continuing expansion in those markets. We also are pleased that Food Country has agreed to work to retain our employees in Stuart as our store there becomes part of the Food Country brand.”

In addition to Summerville and Marble Hill, Lowes has previously announced new stores in Aiken, and Kannapolis, Concord, Indian Land, and Winterville, N.C. A new store in Pittsboro, N.C., opened in June of this year.

Founded in 1954, Lowes Foods employs nearly 9,000 people and operates 82 full-service supermarkets in the Carolinas.

CRBJ

Charleston CEO lone South Carolina member of Forbes 400

By Jason Thomas

F

jthomas@scbiznews.com

orbes has released its annual 400 Richest People in America list, and South Carolina can boast a member.

Robert Faith, founder, chairman and CEO of Charleston-based Greystar, a property and investment management and development services company, ranks No. 182 on the list with an estimated worth of $5.8 billion. That ranks Faith No. 465 in the world, according to Forbes.

According to Forbes, Greystar manages and operates more than $240 billion in real estate across five continents.

For three decades, Faith, who founded Greystar in 1993, has maintained oversight over all aspects of Greystar, including organizational structure, strategic planning, and company growth, its website states. Faith received his bachelor’s degree in petroleum engineering from the University of Oklahoma and an MBA from Harvard Business School, and served as

Robert Faith (Photo/Provided)

the South Carolina secretary of commerce from 2002-06.

The group of 400 is worth $4.5 trillion in aggregate, tying a record set in 2021, Forbes writes. This year it took $2.9 billion to make the cut.

Not surprisingly, Elon Musk tops the list, worth an estimated $251 billion, according to Forbes.

This is the 42nd version of the list.

CRBJ

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October 23 - November 12, 2023

Restaurant, entertainment venue opens downtown

By Stephanie Kalina-Metzger

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Contributing writer

hen Michelle Van Jura moved from New York to Charleston a decade ago, she was shocked by the lack of entertainment options.

“I was so used to having the opportunity to visit a variety of nightlife venues, like comedy clubs and so forth, that it took me by surprise,” said the business owner and partner, who set out with two others to change that with The Habit, located at 213 East Bay St. in the French Quarter neighborhood.

Van Jura, along with business partners Zach Dennis and Chef Matthew Greene, opened the 13,000-square-foot entertainment complex in mid-August.

The venue, which is comprised of three floors and a rooftop lounge overlooking the Charleston Harbor, offers dining and entertainment for locals and tourists, with live music and theme nights.

“The one thing we really wanted to bring to our city was a greater variety of entertainment and unique experiences, so we found the perfect location, curated fantastic art, glamorous decor, and hired some of the best talent to bring it all to life,” said Van Jura, who admits that the project was a heavy lift made lighter by

Those who visit The Habity will find dining and an extensive bar on floor one. The space on floor two known as “V’s @ the Habit,” serves as a speakeasy and entertainment space, with live music on Fridays and Saturdays.

the confidence she had in her partners.

“The longest part of the process was finding the building,” said Van Jura, remarking on her partners’ bona fides.

“Zach Dennis is an operational genius and Matthew Greene, who hails from Halls Chophouse in Greenville, helped the restaurant start their popular signature events.”

And it doesn’t hurt that Van Jura her-

self has a background in public relations.

“We’re like the perfect partnership, each with core competencies that complement each other,” she adds.

Those who visit the complex will find dining and an extensive bar on floor one.

The space on floor two known as “V’s @ the Habit,” serves as a speakeasy and entertainment space, with live music on Fridays and Saturdays.

“We’ll be expanding our programming later to include comics,” said Van Jura, adding that they’re filling a niche with their music choices. “So many of the places cater to the college students, but there’s a demographic that wants to get out and dance to Motown, jazz, yacht rock, disco and ‘80s-‘90s music. We wanted to provide See RESTAURANT, Page 7

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October 23 - November 12, 2023

www.charlestonbusiness.com 7

Sustain SC is on the search for a new CEO

By Jason Thomas

S

jthomas@scbiznews.com

ustain SC has added to its executive team as it launches its search for a new CEO. Sustain SC is proactively responding to the ever-increasing demands for the organization to facilitate the advancement of sustainability in South Carolina with key hires, a Sustain SC news release stated.

The organization has added Cynthia Davis as senior vice president and announced a nationwide search for CEO. Davis brings decades of leadership and economic development expertise to the role,

the release sated. Her arrival helps Sustain SC Founder and CEO Ethel Bunch shift her daily focus to specific strategic sustainability initiatives and projects. The board is launching a nationwide search for CEO to lead Sustain SC’s overall operations.

Once a successor is named, Bunch will remain engaged with the organization, retaining her position as founder, the release stated. This evolution will allow Sustain SC to continue connecting commerce and conservation to benefit South Carolina now and for generations to come.

“We are thrilled to welcome Dr. Davis to Sustain SC. She has worked closely with

Sustain SC since the very beginning and is a natural fit as our organization continues to grow,” Bunch said in the release. “Sustainability is vital for South Carolina. It’s the perfect time for a new leader to take over as CEO and join Dr. Davis and me, along with Sustain SC’s Board of Directors, to expand our organization.

Davis joins Sustain SC after most recently working for the South Carolina Department of Commerce where she led the Existing Industry program, according to the release.

She brings more than 30 years of experience in workforce development, leadership, education and economic development. She holds

roles on various organizations including the SC Manufacturing Extension Partnership (MEP) board of directors, the SC Fraunhofer USA Alliance Review Board, and the SC Chamber Manufacturing Committee.

“The growth and evolution of Sustain SC reflects the increasing recognition of the critically important role of sustainability in connecting commerce and conservation to benefit all South Carolinians,” said Tom Hutto, board chair of Sustain SC in the release. “We are gratified so many organizations rely on Sustain SC to lead sustainability issues in a broad sense as well as on specific projects.

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RESTAURANT, from Page 6

that option.”

The Habit is also taking reservations for private events like corporate meetings, Christmas parties, wedding rehearsals and more.

Van Jura describes the decor as a throwback to 1920s art deco charm and elegance, with colors like indigo blue and emerald green, enhanced by warm lighting “It’s a decadent atmosphere with rich leather, sumptuous velvet and object d’art, making the space an exquisite blend of Americana, European and Asian aesthetics,” she said.

As for the food, Van Jura describes it as American cuisine with international flair and flavors. Guests will be able to tuck into items like hash browns with caviar, poutine and shakshuka. Lunch and dinner options will include burgers, sandwiches, a tomahawk ribeye, pan- seared chef ’s fish, a charcuterie and cheese board and a robust salad selection, which will vary according to the season.

Wines are offered by the glass and bottle and cocktails harken back to a simpler era. “We’re bringing back some of the old drinks, like The Harvey Wallbanger and the Vesper,” said Van Jura.

“We are hoping the word spreads about everything we offer and more customers ... will make our venue a habit,” said Van Jura.

CRBJ

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Left to right: Zack Dennis, Michelle Van Jura and Chef Matthew Greene.

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October 23 - November 12, 2023

Construction begins on 278-unit community in Summerville

By Ross Norton

C

rnorton@scbiznews.com

onstruction has begun on Marlowe Summerville, a 278unit rental complex on a 27.9acre site in Summerville.

It is the first foray into South Carolina for The Resmark Companies, a Los Angeles-based real estate investment management company, which is partnering with Greystar Real Estate Partners, a Charleston-headquartered investment and development company with offices across the country and on four continents.

Marlowe is a Greystar brand marketed as “suburban luxury living.”

The Summerville project on N. Main Street and College Park Road is the first Marlowe brand in the state, according to a news release.

“We are excited to make our first investment in the Charleston MSA with Greystar, a long-term and trusted partner,” Ziv Cohen, chief investment officer of Resmark, said in the news release. “Having worked together for a decade, we recognize that Greystar brings rigorous attention to design, quality and detail that results in great consumer response and community acceptance.”

Pre-leasing at Marlowe Summerville is expected to begin next fall, according to Stephen O’Neil, senior vice president for investments at Resmark. The community will offer amenities including a clubhouse equipped with a fitness center and co-working spaces, resort-style pool, grilling stations, pickleball courts, dog park and outdoor dog wash, as well as a grand central amenity lawn with shuffleboard, cornhole and a community garden.

O’Neil said in the release that Resmark was drawn to the site because of

The Club Room at Marlowe Summerville is among the amenities for residents of the 278-unit community now under construction. (Rendering/Provided)

“Summerville’s location as a top-tier suburban market near Charleston, its attractive demographics, access to commuting routes and rapidly expanding employer base are all factors that underscore a strong outlook for multifamily development.”

The company also pointed to the site’s proximity to Camp Hall 10 miles away, a 7,000-acre commerce park that has attracted nearly $5 billion in investment and projected to create as many as 1,500 jobs for workers who will need a place to live, the release said.

“Summerville is a highly desirable

submarket twenty miles northwest of downtown Charleston that is attracting young professionals and families drawn to its quality of life and historic charm,” Ben Liebetrau, managing director of development for Greystar Development and Construction Services. “As we are headquartered in Charleston, we are extremely pleased to bring Greystar’s Marlowe brand to our backyard.”

Of the 278 rental homes, 263 will be constructed in 10 separate three-story walk-up garden-style buildings. Fifteen two-story townhomes, each with a fenced yard and

attached garage, will be located in two separate buildings. Ranging in size from 560 square feet to 2,114 square feet, the project unit mix will include 16 studios, 127 one-bedrooms, 118 two-bedrooms and 17 three-bedrooms, the release stated.

Each unit will offer features such as granite countertops, wood-like luxury vinyl flooring and stainless-steel appliances.

Resmark is a real estate investment manager that provides capital to homebuilders, land developers and multifamily developers across the country.

CRBJ

North Charleston apartments sell for more than $5.4M

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Staff Report

nvestment specialists with Marcus & Millichap assisted with the sale of Clement Arms Apartments, a 49-unit multifamily community in North Charleston. The property sold for $5,440,000, or $111,020 per unit.

Ryan Lipomi, Will Graves and Nate McDaniel in Marcus & Millichap’s Charleston office had the exclusive listing to market the property on behalf of the seller. They also found the buyer, according to a news release from the agency.

“This is the second time we have sold this asset in the past two years,” Lipomi said in the release. “The sell-

er’s proven value-add strategy worked according to plan, and now the buyer has the ability to continue renovations and raise rents. This is the third property we have sold on Clements Avenue in 2023, as the quality of rental options in the area continues to increase.

Built in 1980 on 1.24 acres of land, Clement Arms Apartments is located at 1815 Clements Ave. Marcus & Millichap is a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, the release said. It is a publicly traded company, headquartered in Calabasas, Calif., with 81 offices in the United States and Canada.

CRBJ

Clement Arms apartments were sold for the second time in the last two years. (Photo/Provided)

October 23 - November 12, 2023

www.charlestonbusiness.com 9

Mayor announces Charleston’s next police chief

By Ross Norton

C

rnorton@scbiznews.com

harleston Mayor John Tecklenburg said Chito Walker will be the city’s next police chief. The mayor made the announcement Oct. 4 during a press conference at Washington Square.

The Charleston City Council voted Oct. 10 to confirm Walker’s appointment during their regular meeting. Walker was named interim chief in July after former Chief Luther Reynolds died in May following a battle with cancer.

A member of the Charleston Police Department since 2000, Walker has served in several capacities, including as patrolman, detective, SWAT team operator and supervisor. Promoted to deputy chief in March 2020, Walker served as deputy chief of the Procedural Justice and Community Policing Bureau, according to a news release from the city.

“I’d like to thank Chief Walker for his willingness to serve our city in this critical role and for his lifelong dedication to public safety,” Tecklenburg said in the release. “Charleston is blessed with the most outstanding police department in the nation, so

it comes as no surprise that our next great chief of police is one of our own. I’m confident that Chief Walker’s strong leadership, clear vision and extensive experience make him a natural fit to lead the department, and I look forward to working with him to keep our city and our citizens safe.”

The announcement marks the conclusion of the city’s formal search process led by the Police Executive Research Forum.

Walker is a Greenville native and a graduate of South Carolina State University. He has a Bachelor of Arts from S.C. State in criminal justice and a master’s in management from Webster University, according to his police department biography. He is a graduate of the 260th session of the FBI National Academy, the 5th session of the Department of Homeland Security Leadership Academy, the 44th FBI National Executive Institute, the South Carolina Command College, and the 86th session of the Senior Management Institute for Police.

“Serving the citizens of Charleston as a member of the Charleston Police Department has been the honor of a lifetime, and I’m deeply grateful to

The Charleston City Council voted to confirm Walker’s appointment to chief on Oct. 10, 2023. (Photo/Provided)

Mayor Tecklenburg for entrusting me with this responsibility,” Walker said in the release. “There’s no question that our department is home to the finest law enforcement professionals in the country, and I’m humbled by

the opportunity to serve as its next leader. I look forward to continuing to work alongside the remarkable men and women of our department to build trust, promote transparency and keep our community safe.”

MEET OUR NEWEST SENIOR LEADERS!

LEWIS WHITE Promoted to Project Executive

CHRIS BURRELL

Promoted to Director of Training & Development/ Senior Project Manager

Building Trust and Adding Value to Everything We Do

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October 23 - November 12, 2023

Lowcountry Food Bank breaks ground on 20K-square-foot facility

By Jason Thomas

jthomas@scbiznews.com

W

ork has begun on a new Lowcountry Food Bank facility that will serve as a hub for regional partners as well as provide an improved experience for pickup and learning opportunities.

The Lowcountry Food Bank in 2022 secured land on the Agriculture Technology Campus in Hampton to build a 20,000 square foot Southern Region Food Center, according to a news release.

The building is strategically positioned to serve neighbors in Beaufort, Colleton, Hampton and Jasper counties, and provide opportunities for increased engagement, scale and capacity-sharing for our partner agencies, who distribute almost 90% of the food that Lowcountry Food Bank procures, the release stated.

The facility will store dry and refrigerated food, enable frozen storage, and will include loading docks, a teaching kitchen, and spaces for offices, volunteers and meeting space for LCFB partners to use, according to the release.

The new facility is slated to open in 2024 and will enable expansion of LCFB food programs in the area.

In addition to increasing efficien-

In addition to increasing efficiencies among LCFB’s other two Food Centers in Charleston and Myrtle Beach, the new facility will serve as a hub for Lowcountry Food Bank partners, providing an improved experience for food pickup, opportunities to convene through increased coordination, collaboration and shared learning in a teaching kitchen. (Rendering/Provided)

cies among LCFB's other two Food Centers in Charleston and Myrtle Beach, the new facility will serve as a hub for LCFB partners, providing an improved experience for food pickup, opportunities to convene through increased coordination, collaboration and shared learning in a teach-

ing kitchen, the release stated.

The Lowcountry Food Bank serves the 10 coastal counties of South Carolina and distributed more than 40 million pounds of food in 2022, according to the release. The Lowcountry Food Bank helps fight hunger by distributing food to more than 230

partner agencies including on-site meal programs, homeless shelters and emergency food pantries. The Lowcountry Food Bank advocates on behalf of those who experience hunger and helps empower people to make healthy and nutritious food choices.

CRBJ

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October 23 - November 12, 2023

www.charlestonbusiness.com 11

Hot Properties

4 new tenants coming to Oyster Park

By Ross Norton

C

rnorton@scbiznews.com

oldwell Banker Commercial Atlantic has recently brokered multiple leases at the Oyster Park shopping center at 1440 Ben Sawyer Blvd. and 14001421 Shucker Circle in Mount Pleasant.

Broker Tim Rowley of Coldwell Banker Commercial Atlantic represented the landlord at Oyster Park in the leases of Dear Lucy Shoes, The Works Cycle, Clean Your Dirty Face (30-minute facial bar) and Findings Boutique. Rowley is the exclusive broker for Oyster Park.

“Oyster Park is rapidly garnering the reputation as one of the South’s premier luxury live, work and play communities,” Rowley said in a news release. “With the completion of phase two, Oyster Park will be a nearly half-a-million square-foot, state-of-the-art mixed-use project, located in the coveted village of Mount Pleasant and will encompass 270 luxury multifamily residences, 150,000 square feet of boutique retail, and 50,000 square feet of Class A office space.”

Oyster Park is just a 10-minute drive west to downtown Charleston, and a five-minute drive immediately east to the popular and pristine beach community, Sullivan’s Island.

Other recent commercial real estate transactions include: Robert Pratt of Re/Max Pro Realty represented the landlord, Springview LLC, in the lease of 7,752 square feet of medical space at 1708 Trolley Road in Summerville. Alex Popovich of Avison Young represented the tenant, Seaside Family Medicine LLC, which leased Suite C. Edward Oswald and Blair Hines Gearhart of Oswald Cooke & Associates represented the landlord in the lease of 1,824 square feet of retail space in Suite 102 at 1161 Muhlenbergia Drive in Mount Pleasant. Anne Lawless of CityVolve represented the tenant.

Blair Hines Gearhart of Oswald Cooke & Associates represented the tenant in the lease of flex space at 539 Long Point Road in Mount Pleasant. Steve Radekopf of Radekopf & Associates represented the landlord.

Ryan Welch and Clarke Attaway of Lee & Associates Charleston represented the landlord in the lease of 1,000 square feet of warehouse space at 4365 Dorchester Road in North Charleston.

Gulliermo Granier and John Kincaid of Lee & Associates Charleston represented the landlord in leasing 1,000 square feet of retail space at 95 Matthews Drive in Hilton Head.

See HOT PROPERTIES, Page 12

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Oyster Park shopping center at 1440 Ben Sawyer Blvd. and 1400-1421 Shucker Circle in Mount Pleasant.

12

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October 23 - November 12, 2023

HOT PROPERTIES, from Page 11

498 Wando Park Blvd.

Jeremy Willits and Gerry Schauer of Avison Young represented the landlord, First Point Properties LLC, in the lease of 1,484 square feet of office space at 498 Wando Park Blvd. in Mount Pleasant to Healing Hands Wellness P.C. Reid Davis, Pete Harper and Cameron Yost of Lee & Associates Charleston represented the landlord in striking a lease deal for 712 square feet of office space. The property is located at 1941 Savage Road in Charleston.

18 Broad Street

Todd Garrett, Tradd Varner and Crawford Riddle of Harbor Commercial Partners represented the seller, Hawks Real Estate Belgrade LLC, in the sale of 9,200 square feet of industrial space at 1819 Belgrade Ave. in Charleston to Annise Blackwell LLC.

Hunter Hartley and Bob Nuttall of Lee & Associates Charleston represented the tenant in the lease of 54,000 square feet of warehouse space at 4450 Goer Drive in North Charleston.

Ryan Welch and Clarke Attaway of Lee & Associates Charleston represented the landlord in leasing 975 square feet of warehouse space at 4365 Dorchester Road in North Charleston.

Vitré Ravenel Stephens and Taylor Sekanovich of Harbor Commercial Partners represented the landlord, Buck Investments LC, in the lease of 1,200 square feet of retail space in Suite 305 at 3373 South Morgans Point Road in Mount Pleasant to Graze Craze. Harlan Ginn of Starpoint Brands represented the tenant.

Brent Case and Sara Bodell of Coldwell Banker Commercial Atlantic represented the seller in the sale of 3.5 acres of land at 10333 Highway 78 in Summerville. The buyer was represented by Kip Bowman of Coldwell Banker Commercial Atlantic.

David Newman and Walter Reid Jr. of Harbor Commercial Partners represented the tenant, Rock Spring Contracting Charleston LLC, in the lease of 13,200 square feet of flex space in Units B and C at 486 Wando Park Blvd. in Mount Pleasant to EWARE LLC. Brunson Miller of Clement, Crawford & Thornhill Inc. represented the landlord.

Robert Pratt of Re/Max Pro Realty represented the landlord, CCX Development LLC, in the lease of 1,266 square feet of medical space in Suite B at 2007 2nd Ave. in Summerville to Ocean Eye P.C. Jeremy Willits and Gerry Schauer of Avison Young represented the landlord, 18 Broad LLC, in the lease of 550 square feet of office space at 18 Broad St. in Charleston.

Todd Garrett, Tradd Varner and Crawford Riddle of Harbor Commercial Partners represented the landlord, 2652 Bonds Ave LLC, in the lease of 3,000 square feet of industrial space in 203 and 204 at 2652 Bonds Ave. in North Charleston to Brahma Engineering.

118 Hodge Road

Robert Pratt of Re/Max Pro Realty represented the landlord, McQueen Street LLC, in the lease of 10,000 square feet of warehouse space at 118 Hodge Road in Summerville to Curtiss-Wright Electro-Mechanical Corp. Ed Kercher of Cushman Wakefield represented the tenant.

Justin Ross of Lee & Associates Charleston represented the landlord in the lease of 4,500 square feet of retail space at 3752 Ashley Phosphate Road in North Charleston.

Justin Ross, Guillermo Granier and James Bakker of Lee & Associates Charleston represented the buyer in the sale of 8,000 square feet of retail space at 6401 N. Kings Highway in Myrtle Beach.

Reid Davis, Pete Harper, Cameron Yost of Lee & Associates Charleston represented the landlord in leasing 3,609 square feet of office space at 7301 Rivers Ave. in North Charleston. The tenant is Fetter.

Reid Davis, Pete Harper, Cameron Yost of Lee & Associates Charleston represented the landlord in leasing 1,472 square feet of office space at 4975 Lacross Road in North Charleston.

Bob Nuttall and Hunter Hartley of Lee & Associates Charleston represented the landlord in the lease of 2,657 square feet of medical office space at 1300 Hospital Drive in Mount Pleasant.

Real estate professionals can find out how to submit news of commercial transactions by emailing Ross Norton at rnorton@scbiznews.com.

CRBJ

October 23 - November 12, 2023

www.charlestonbusiness.com 13

Charleston startup with Hollywood pedigree launches luxury pet brand

By Jason Thomas

A

jthomas@scbiznews.com

Charleston startup with ties to the film industry has launched a luxury lifestyle brand for

pets.

Anchor Pet Supply offers high-quality, convenient dog beds for home and travel, according to a news release.

Founded by Julie Strang, an animal trainer for movies and television, and her Belgian Malinois canine, Lana5, the company began in June 2023 to create a solution to make traveling locally and abroad effortless and enjoyable for pets and their owners, the release stated. Anchor Pet Supply’s beds and accessories were designed through Strang and Lana5’s film and TV travel experiences and made with a purpose.

Created in Charleston, the company’s beds are hand sewn in the Carolinas with high performance, locally milled Sunbrella fabric. Both its memory foam and fiberfill inserts are made in the USA. The inserts are filled with green eco-fiberfill from recycled plastic bottles.

With an extensive career as a movie animal trainer, Strang, and Lana5 have traveled the world together, the release stated. Lana5 can be seen in films such

Founded by Julie Strang, an animal trainer for movies and television, and her Belgian Malinois canine, Lana5, Anchor Pet Supply began in June 2023 to create a solution to make traveling locally and abroad effortless and enjoyable for pets and their owners. (Photo/Provided)

as “Dog” with Channing Tatum and “John Wick Chapter 4” with Keanu Reeves. The jet setting life helped Strang and Lana5 design a collection of dog beds focused on functionality and beauty, the release stated.

“There's something special about experiencing places with your dog by your side,” said Strang, founder of Anchor Pet Supply, in the release. “They elevate every adventure. We create pur-

Our Commitment to Innovation Continues

poseful products that simplify bringing your dog along for the journey.”

The pet accessory collection includes: • Vagabond Café Mat: a lightweight, compact roll-up travel mat with carrying handle durable enough to withstand the wear and tear of travel; $120 • Offshore Travel Bed: portable travel bed with memory foam insert and cooling gel with

Commercial real estate for real impact Value through innovation.

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Reach Jason Thomas at 864-568-7570.

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In Focus

MANUFACTURING LISTS: Manufacturing Companies, Page 18 | Aerospace Companies, Page 19

NEXT ISSUE’S FOCUS: Food and Beverage

Airline to build largest Boeing Dreamliner fleet with purchase

By Ross Norton

T

rnorton@scbiznews.com

he airline that last year placed a record-setting order for Boeing widebody planes has exercised an option to add another 50 Dreamliners to that order — the largest of three orders in recent weeks that impact the North Charleston assembly operation.

United Airlines and Boeing on Oct. 4 said the carrier is expanding its 787 Dreamliner fleet, exercising options to order 50 787-9 airplanes.

Last December United Airlines ordered 100 Dreamliners with an option for 100 more. It was the largest single order ever for widebody planes, the companies said at the time. This month’s order included an option for 50 more, so United continues to have an option for 100 additional planes.

Boeing also received an order this month from TAAG Angola Airlines for four Dreamliners, and in September Air Canada ordered 18 of the widebody planes with an option for 12 more.

The 787 is the best-selling widebody in history with more than 1,800 orders from 87 customers – including more than 870 repeat orders from 56 repeat customers, according to an news release. In the last year, customers have placed nearly 350 orders and commitments for the 787 family.

The 787 program is one of five commercial airline programs for Boeing. The company reported Oct. 10 that it delivered 19 787s in the third quarter, making 50 for the year. Most deliveries have been for the narrowbody 737 Max, with 70 for the quarter and 286 for the year. The company also has programs for defense, space and security, including the Apache and Chinook helicopters.

United Airlines says the new order for the North Charleston-based Dreamliners provides United additional flexibility as the airline modernizes its global fleet over the next decade.

"We're building a bright future at United, and this order takes our already successful United Next plan into the next decade and beyond," Scott Kirby, United CEO, said in a news release. "Our planning and focus on the long term have helped us surge past other airlines that stood still. I'm convinced our strategy is the right one as we continue to add new, larger aircraft to take full advantage of our growing flying opportunities both internationally and domestically."

United Airlines last year ordered 100 Boeing 787s with an option for 100 more. Not the company has exercised that option for 50 more. (Photo/Boeing)

With 150 firm orders, United has the largest Dreamliner orderbook on record and is positioned to become the largest 787 operator in the world, the release stated.

As the first airline to operate all three models in the 787 family, United's existing fleet consists of more than 70 Dreamliners. The fuel efficiency and reliability of the 787 provide United with the flexibility to fly its expansive global route network.

"United's unprecedented commitment to the 787 Dreamliner family is a testament to the market-leading operating economics and reliability of Boeing's widebody jets," said Stan Deal, president and CEO of Boeing Commercial Airplanes. "With the 787, United will enjoy all the synergies of operating one of the largest, most efficient fleets in the skies."

The 787 reduces fuel use and emissions by up to 25% compared with the airplanes it replaces, depending on the configuration, the news release stated.

The 787-9 has a globe-spanning range that allows carriers to fly up to 7,565 nautical miles while seating up to 296 passengers.

TAAG Angola Airlines and Air Canada both cited fuel efficiency as the driving force behind their Dreamliner orders.

“Our goal is to work with the best manufacturers in the world toward a multi-type fleet, in order to ensure we have the appropriate airplanes for each flight typology, namely our interconti-

nental connections," Eduardo Fairen, CEO of TAAG Angola Airlines, said in a news release. "The 787 option suits our intent for modern, size-wise and efficient equipment, able to progressively replace our current widebody fleet, and provide our customers with an improved flight experience."

TAAG Angola Airlines currently flies five 777-300ER (Extended Range) jets, three 777-200ERs and seven 737700s to 12 destinations across Africa, Europe, South America and China, the release stated.

"The 787 Dreamliner will enable TAAG Angola Airlines to open new routes and expand their international network," said Anbessie Yitbarek, Boeing vice president of Commercial Sales and Marketing for Africa. "The Dreamliner's market-leading efficiency and passenger comfort will advance the carrier's fleet modernization plans."

Boeing's Commercial Market Outlook for Africa projects that the continent will need 1,025 airplanes over the next two decades. Overall African air traffic growth is forecast at 7.4%, the third highest among global regions and above the global average growth of 6.1%.

Since revenue service began in 2011, the 787 family has launched more than 370 new nonstop routes around the world. The 787 Dreamliner reduces fuel use and emissions by 25% compared to the airplanes it replaces, the company says. Boeing

says 787 passengers enjoy a better experience with the largest windows of any jet, air that is more humid and pressurized at a lower cabin altitude for greater comfort, large overhead bins, LED lighting, and technology that senses and counters turbulence for a smoother ride.

Air Canada currently operates a fleet of 38 787s, including eight 787-8 and 30 787-9 jets. The largest model in the family, the 787-10, can carry up to 336 passengers with a range of 6,330 nautical miles, the release said.

CEO Michael Rousseau said passenger comfort also makes the widebody attractive.

"Air Canada has made investing in the passenger experience a core priority,” he said when the order was announced. “Our experience shows customers greatly enjoy flying on the Dreamliner, so we are pleased to offer them a larger version of this popular aircraft, which will premiere a new, state-of-the-art interior cabin design.

As importantly, the 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions.”

Reducing fuel use and improving efficiency by up to 25% compared to previous generation jets, the 787 helps advance Air Canada's environment goals over the next several decades, the release said. The efficiency of the plan helps position the airline to add international routes in new and existing markets.

CRBJ

IN FOCUS: MANUFACTURING

October 23 - November 12, 2023

www.charlestonbusiness.com 15

Manufacturer breaks ground on $30 million expansion

By Jason Thomas

A

jthomas@scbiznews.com

Charleston-based manufacturer has begun work on a $30 million expansion project.

Mankiewicz Coatings has partnered with Choate Construction Company on a 100,000-square-foot expansion to double its operations in Charleston — the third significant investment from the company in less than 15 years, according to a news release.

“Our fantastic company culture and the most talented people in the industry are the reason for this outstanding success” Fabian Grimm, managing director of Mankiewicz, said in the release.

To meet the growing demand for its high-tech coating system, plans for Mankiewicz’s two-story, insulated precast logistics facility includes first-floor office space and loading dock doors, with availability on the second floor for a future upfit or laboratory space. Sitework includes infilling an existing pond for future expansion, as well as construction of a new truck dock and additional parking lot for the company’s growing team of employees.

More than 125 years of innovation have made Mankiewicz one of

Mankiewicz Coatings has partnered with Choate Construction Co. on a 100,000-square-foot expansion to double its operations in Charleston. (Rendering/Provided)

the world’s leading manufacturers of high-quality coating solutions for industrial series production in the automotive, aviation, railway, machinery, yacht and wind power industries, the release stated. Today, a team of over 1,600 employees is working at 16 locations worldwide.

“We are honored to once again partner with the Mankiewicz team to help bolster the manufacturer’s

production operations and further support the positive impact it’s business has had on the North Charleston community,” Quinn Gaines, director of business development of Choate Construction in Charleston, said in the release.

Mankiewicz Coatings has been in operation in South Carolina for 15 years, predominantly serving automotive, aviation, medical and indus-

trial clients such as Boeing and BMW Manufacturing.

Parent-company Mankiewicz Gebr. & Co. was founded in 1895 as an independent subsidiary of an English paint factory for the manufacturing of high-quality paints.

Choate Construction specializes in both ground-up and interior construction. The company has offices in Charleston, Atlanta, Charlotte, Nashville, Raleigh and Savannah.

CRBJ

Wells Fargo employees go hammers-in for North Charleston family

W

Staff Report

ells Fargo employees were out, hammers-in-hands, on Sept. 13, to help frame walls and paint a new three-bedroom Habitat home in Charleston.

Charleston Habitat for Humanity received a $15,000 grant to help build a new home for lifelong Charlestonian Theresa Mitchell and her family in North Charleston Heights.

The activity is a part of a Wells Fargo initiative called Welcome Home, whereby Wells Fargo employees across the country are working with local charities to make an impact in the company foundation’s funding priority, housing affordability, according to a news release from Wells Fargo & Co. Throughout the month of September, Wells Fargo employees are participating in volunteer events like this one in Charleston.

In addition to human capital, Wells Fargo has committed philanthropic resources to develop solutions that increase the supply of homes that are affordable and support families in realizing the dream of homeownership and opportunities for building wealth, the news release said.

Since 2010, Wells Fargo and the Wells

The Opportunity Center

Wells Fargo employees joined together to build a home for Habitat for Humanity. (Photo/Provided)

Fargo Foundation have donated more than $129 million to Habitat for Humanity International and local affiliates, including grant funding for new home construction and repairs, advocacy, neighborhood revitalization, supporting seniors and other initiatives including the Jimmy & Rosalynn Carter Work Project, Veterans Build and Advancing Black Homeownership.

Through the 2023 Wells Fargo Builds program, the company is providing $7.5 million in grant funding to Habitat for Humanity International to support new home construction, renovation, or repair of more than 360 projected affordable homes in more than 230 communities across the United States, including Charleston, the company said in the release.

CRBJ

654 St. Andrews Blvd | Charleston, SC 29407 | 843.225.0406 www.jmusselmanconstruction.com OFFICES | MEDICAL | RETAIL | HISTORICAL

16

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IN FOCUS: MANUFACTURING

October 23 - November 12, 2023

QTS says their billion-dollar investment will create a technology hub in York County as other, similar companies are drawn to the area. And York County development officials say they are already hearing from interested companies, drawn in part by the power portfolio that attracted QTS. See story below. (Photo/Provided)

Data company to set up $1B data center operation in York County

By Ross Norton

Q

rnorton@scbiznews.com

TS Data Centers, a global provider of colocation data center infrastructure and related services, will establish operations in York County with a $1 bil-

lion investment in the company’s first South Carolina site.

It is the ninth time a company has announced its intention to invest $1 billion in South Carolina.

The company said in a news release that its center will help establish a technology hub in York County. (See

related story on this page.)

Data centers power the internet and the digital economy while serving as an economic anchor in the areas where they operate, the Commerce Department news release said.

“QTS is pleased to announce our expansion in York County … with

a new campus that supports growth for QTS and its partners,” QTS CEO Chad Williams said in the release.

“Our investment in York County is consistent with QTS’ strategy of securing access to infrastructure at See QTS, Page 17

$1B dollar investment draws interest from other data companies

By Molly Hulsey Klingman

F

gsa@scbiznews.com

inding the sweet spot for a data center is no simple matter.

So once Kansas City-based QTS Data Centers debuted plans for a $1 billion York County facility, data center developers began to gather in the wings.

The county has attracted a flurry of interest from competitors in the field since the Sept. 19 announcement, according to David Swenson, director of York County Economic Development.

Swenson said the county’s robust power and broadband infrastructure lays the groundwork for a burgeoning data infrastructure hub. A number of other data centers already operate in the greater Charlotte region, drawing in both talent and customers.

York County, located just south of Charlotte, extended a performance-based fee-inlieu of tax agreement for QTS in the deal, supplemented by a $200,000 grant from the South Carolina Coordinating Council for Economic Development.

“Our investment in York County is consistent with QTS’ strategy of securing access to infrastructure at scale in strategic markets to support accelerating demand from our hyperscale, enterprise and government customer base,” QTS CEO Chad Williams said in the announcement. “We look forward to partnering with the community along with local and state leadership, further enhancing South Carolina as a leading technology center.”

Duke Energy’s unique nuclear and renewable energy portfolio also captured the company’s attention.

“This project came along in our partnership with Duke, and it got feet real quick,” Paul Basha, president and CEO of York Electric, a Duke Energy wholesale customer, told SC Biz News.

The deal for the 400-acre data center campus, one of the largest ever in the Palmetto State, culminated after a year and a half of collaboration with York Electric and partners.

“The site itself we identified as a potential data center site years ago, just because of the power capacity that could be met at that loca-

tion and the reliability factor,” added Marc Howie, York Electric’s director of marketing and public relations.

QTS plans to transition to full dependence on renewable energy sources by 2025, according to this year’s Research and Market’s Green Data Center Report. Across its 23 data centers last year, the company utilized 453,960 megawatt-hours of green energy — that’s 35% of the power required from all its sources.

QTS will aim to use carbon-free power when possible at the York County location, according to the company. The center also will be climatized using a water-free cooling technology.

“They were looking for transmission access, and this site has every voltage available to it pretty much except for one, this in the Southeast transmission mix of voltages,” Basha said. “Anything they need is basically right there for them. It’s kind of like an electrical Walmart.”

To prepare for the incoming center, by far the largest load on York Electric’s grid, the utility will need to upgrade its transmission infrastructure.

“A transmission line is very similar to a railroad track,” he said. “It’s a conduit to move energy up and down from different places. And just like you’ve got to have a railroad track from this intermodal site to this manufacturing site to the ports authority, you have to have the transmission grid to be able to move that power. … Right now in the West, they’re building a bunch of solar or wind farms but they can’t get the power to the cities.”

York Electric counts these upgrades as their investment in the county’s nottoo-distant future: prospective industrial loads or data centers in the years ahead.

“Digital infrastructure is critical as our reliance on technology increases,” Commerce Secretary Harry M. Lightsey III said in the September announcement. “We’re proud that high-tech companies like QTS Data Centers recognize that South Carolina’s assets will enable sustained success and look forward to the impact of this $1 billion investment in York County and beyond.”

October 23 - November 12, 2023

QTS, from Page 16

scale in strategic markets to support accelerating demand from our hyperscale, enterprise and government customer base. We look forward to partnering with the community along with local and state leadership, further enhancing South Carolina as a leading technology center."

The QTS campus, which will be located near Hands Mill Highway and Campbell Road in unincorporated York County, will utilize carbon-free power when feasible and leverage industry-leading, water-saving technology that uses zero water for cooling its customers’ environments, the company said in the release.

“QTS Data Centers' $1 billion investment in York County reflects our community's commitment to a brighter future,” County Council Chairwoman Christi Cox said in the release. “Their presence here will significantly boost public school funding and broaden our tax base.

We extend thanks to our local utility partners for their invaluable support in making this vision a reality.”

When available, job opportunities will be posted on the company’s website.

The Commerce Department Coordinating Council for Economic Development awarded a $200,000 Set-Aside grant to York County to assist with the

IN FOCUS: MANUFACTURING

costs of site preparation.

According to the company’s website, QTS has 27 other data centers across the United States, with two in Georgia and five in Virginia being the closest to the Palmetto State.

“With QTS Data Centers establishing operations in York County,

nificant investment and look forward to seeing the positive impact they will have in York County and across the state.”

According to the S.C. Office of the Governor, companies have announced an investment of $1 billion or more eight other times in

“QTS Data Centers’ $1 billion investment in York County reflects our community’s commitment to a brighter future.”

Christi Cox County Council Chairwoman

South Carolina continues to add to its already impressive technology industry,” Gov. Henry McMaster said in the release. “We celebrate their sig-

state history — half of them in the last two years. The largest of them is Redwood Materials’ plan for a $3.5 billion facility in Berkeley County as

SERVING THE LOWCOUNTRY

www.charlestonbusiness.com 17

part of its anode and cathode battery operation. The company predicts 1,500 jobs at the site.

Two of the billion-dollar announcements came from BMW, a $1.7 billion announcement last year that included a $1 billion to expand its existing plant in Greer and a new $700 million battery production plant in Woodruff. In 2014 the company announced a $1 billion expansion.

In March of this year a North Carolina-based company, Albemarle Corp., said it would invest at least $1.3 billion to build a lithium hydroxide processing facility in Chester County.

Scout Motors earlier this year brought the Midlands into South Carolina’s auto manufacturing ecosystem with a $2 billion to bring back the Scout vehicle — this time as an electric vehicle built in Richland County.

Anderson County got the state’s first billion-dollar commitment in 2010 when First Quality Tissue announced plans to make towels and tissue products. Boeing announced in 2013 it would spend $1 billion to bring part of its 787 Dreamliner production to North Charleston, which since then has become the home of the Dreamliner program.

Toray Industries, based in Japan, announced its plans to spend $1 billion on a Spartanburg County plant in 2014.

SINCE 2007

DESIGN | LANDSCAPE CONSTRUCTION | HARDSCAPE | CONDUIT INSTALL MAINTENANCE | TREE SERVICES | IRRIGATION

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October 23 - November 12, 2023

Manufacturers

Ranked by No. of Employees in the Charleston Area

• •

Company

Phone / Website / Email

Top Local Official(s) / Year Founded

Purchasing Manager

Employees

Products Manufactured

Boeing South Carolina 5400 International Blvd.

North Charleston, SC 29418

312-544-2000 www.weareboeingsc.com

Lane Ballard 1916

-

6,000

Fabrication, assembly and integration of major 787 Dreamliner components and interiors; final assembly and delivery of 787 Dreamliner airplanes; engineering design and production support; information technology

Robert Bosch LLC 8101 Dorchester Road North Charleston, SC 29418

843-760-7000 www.bosch.us

Annekathrin Mueller, Markus Groeger 1974

Annekathrin Mueller

1,650

Manufacturing plant specializing in high-volume production of precision electromechanical pumps and valves, e.g. gasoline injectors and pumps and chassis control hydraulic units; transformation adds the production of e-motors

Mercedes-Benz Vans LLC 8501 Palmetto Commerce Parkway Ladson, SC 29456

843-695-5000 www.mbvcharleston.com

Axel Bense 2006

-

1,600

Assembly of Sprinter vans for the U.S. market

Nucor Steel Berkeley 1455 Hagan Ave. Huger, SC 29450

843-336-6000 www.nucor.com

Mike Lee 1996

Peggy McKnight

1,000

Sheet and beam steel from recycled scrap metal

Santee Cooper 1 Riverwood Drive Moncks Corner, SC 29461

843-761-8000 www.santeecooper.com customercare@santeecooper.com

Jimmy Staton, Pamela Williams 1934

Byron Rodgers

988

State-owned electric and water utility

Ingevity 4920 O'Hear Ave. North Charleston, SC 29405

844-643-8489 www.ingevity.com general@ingevity.com

John Fortson 2016

Glenn Marcus

677

Manufactures specialty chemicals, high-performance carbon materials and engineered polymers, largely from renewable raw materials

W International 2040 Bushy Park Road Goose Creek, SC 29445

843-422-5096 www.w-international.com scinfo@winternational.net

Michelle Fowler 2019

Zachary Landry

525 1

Supplier to the shipyards in support of building the new fleet of submarines and aircraft carriers for national defense

Kion North America 2450 W. 5th North St. Summerville, SC 29483

843-875-8000 www.kion-na.com marketing.na@kiongroup.com

David LaDue, David Brown, Eike Wibrow, Daniel Schlegel, Jonathan Dawley 1985

Kam Patel

400

Products, services and solutions to help businesses; provide performance-based, purposebuilt solutions

JW Aluminum 435 Old Mount Holly Road Goose Creek, SC 29445

843-572-1100 www.jwaluminum.com info@jwaluminum.com

Stan Brant, Philip Cavatoni, Ryan Roush 1979

Andy Sellers, Keith Hester

380

Aluminum recycler & flat rolled aluminum producer

The Urban Electric Co. 2120 Noisette Blvd.

North Charleston, SC 29405

843-723-8140 www.urbanelectric.com info@urbanelectric.com

Dave Dawson 2002

n/a n/a

310 1

Catalogued collection of more than 300 interior and exterior fixtures designed and manufactured in-house

Detyens Shipyards Inc. 1670 Drydock Ave., Building 236, Suite 200 North Charleston, SC 29405

843-308-8000 www.detyens.com drydock@detyens.com

Bradley J. Kerr, Loy Stewart 1962

David Baldwin

275

Ship repair, conversions and dry docking services

WestRock Co. 5600 Virginia Ave. North Charleston, SC 29406

843-745-3000 www.westrock.com

Wally McDonald 1937

Alicia Gayler

242

Corrugated packaging solutions; merchandising

Amalie Oil Company dba AOCUSA 4950 Virginia Ave. North Charleston, SC 29405

877-433-5346 www.amalie.com info@amalie.com

Billy Ackerman 1903

Matt Helms

150

Automotive, fleet, industrial and specialty lubricants

Metal Trades Inc. 4194 SC Highway 165 Hollywood, SC 29449

843-889-6441 www.metaltrades.com busdev@metaltrades.com

Shaun Flynn, Rusty B. Corbin 1962

Chuck O'Connor, Dustin Corbin

130 1

Heavy steel fabrication, OEM supplier/heavy steel components, barge construction, power transformer tanks, ship repair, pressure vessels/tanks, supplier in support of building submarine and aircraft carrier components for National Defense

Bintelli LLC 2137 Savannah Highway Charleston, SC 29414

843-531-6833 www.bintelli.com Sales@Bintelli.com

Justin Jackrel 2005

Justin Jackrel

91 1

Manufactures and distributes a line of street legal golf carts and electric vehicles that are sold worldwide

Briteline Extrusions Inc. 575 Beech Hill Road Summerville, SC 29485

843-873-4410 www.briteline.net dbagwell@briteline.net

Diane K. Bagwell, Edward L. Kabine 1953

Tommy Kay

90 1

Manufactures small aluminum extrusions; heat treat; buff and brush, Brite dip and etch anodize; powder coat; manual and CNC fabrication; serves the shower door, decorative trim, lighting and transportation markets

Charleston Steel & Metal Co. 2700 Spruill Ave. North Charleston, SC 29405

843-722-7278 www.charlestonsteelandmetal.com jsteinberg@charlestonsteelandmetal.com

Bernard Steinberg, Jonathan Steinberg, Barry Wolff 1893

Barry Wolff

90

Processed scrap steel and metals

Belimed Infection Control 8351 Palmetto Commerce Parkway, Suite 101 Ladson, SC 29456

800-451-4118 www.belimed.com info.us@belimed.com

Andreja Tajnic, Susan Harley, Ross Brewer 1990

Susan Boles

87

Washers, ultrasonic washers, sterilizers, cleaning solutions and workflow products for sterile processing departments; after sales services and training

Metalworx Inc. 340 Deming Way, Suite A Summerville, SC 29483

843-402-0999 www.metalworxinc.com bredmond@metalworxinc.com

Brandon Redmond 1997

Ronald Roan

73

Precision machining, fabrication, robotic welding, finishing, assembly and kitting specializing in medical, aerospace, military, material handling, actuation

AstenJohnson 4399 Corporate Road Charleston, SC 29405

843-747-7800 www.astenjohnson.com info@astenjohnson.com

Kevin Franks 1987

Keith Rossomme

70 1

Global manufacturer for the paper industry, supplying paper machine clothing like press fabrics, forming fabrics, dryer fabrics and others

Venture Aerobearings LLC 8701 Palmetto Commerce Parkway Ladson, SC 29456

843-695-2800 www.ventureaerobearings.com

Shawn Mcleod 2007

Kit Palmer

65

Manufacturer of jet engine bearings

Hubner Manufacturing Corp.

450 Wando Park Blvd.

Mount Pleasant, SC 29464

843-849-9400 www.hubner-group.com info@hubner-group.com

Ron Paquette 1995

Justine Schotters, Ines Schmelzer

54

Articulation systems (bellows), passageway systems, specialty bumpers, airplane walkway coverings

Low Country Case & Millwork 4144 Carolina Commerce Parkway Ladson, SC 29456

843-797-0881 www.LCCM.com david@lccm.com

David Stasiukaitis, Robert Stasiukaitis 1990

Purchasing Manager

52

Custom commercial casework and millwork

Sonoco One N. Second St. Hartsville, SC 29550

843-383-7000 www.sonoco.com lisa.weeks@sonoco.com

Howard Coker 1899

Greg Munoz

50

Industrial and consumer packaging products and packaging services

Master Sheet Metal Inc. 1011 Bankton Circle Hanahan, SC 29410

843-747-8280 www.mastersheetmetal.com mastersheetmetal@gmail.com

Kaitlyn McComb, Tim Tytler, Chris Ard 1963

Tim Tytler

50

Contract manufacturer for both the military and commercial industries, offer lasering, press brake forming, CNC machining and turning, engraving, paint and powder coating

Because of space constraints, sometimes only the top-ranked companies are published in the print edition. For a full list of participating organizations, visit scbiznews.com/buy-business-lists. Email additions or corrections to Listresearch@Bridgetowermedia.com.

1

2022 data.

October 23 - November 12, 2023

www.charlestonbusiness.com 19

Manufacturers

Ranked by No. of Employees in the Charleston Area

• •

Company

Phone / Website / Email

Top Local Official(s) / Year Founded

Purchasing Manager

Employees

Protego (USA) Inc. 9561 Palmetto Commerce Parkway Ladson, SC 29456

843-284-0300 www.protego.com us-office@protego.com

Chris Mason, Lore Samyn-Klein 2002

Joseph Jones

38

Safety devices and tank equipment; flame arresters and vents

Alpha Sheet Metal Works Inc. 9525 Hamburg Road Ladson, SC 29456

843-821-6665 www.alphamachine.com jschady@alphamachine.com

Joseph W. Schady 1956

Joseph Schady

29

Custom metal fabrication

Charleston's Rigging & Marine Hardware Inc. 1210 Truxtun Ave. North Charleston, SC 29405

843-723-7145| 800-742-6703 www.charlestonsrigging.com sales@charlestonsrigging.com

Jessica Sage, Skip Sawin 1988

Scott Salisbury

25 1

Custom wire rope, chain, nylon slings and assemblies used in rigging, lifting and securing; standard wire rope slings, braided slings, tire lifters

Coastal Hydraulics Inc. 2251 Technical Parkway Charleston, SC 29406

843-572-5714 www.coastalhydraulics.net webinfo@coastalhydraulics.net

Brett Bennett 1982

Brett Bennett

25 1

Fabrication, assembly, repair, remanufacturing, preventive maintenance, design and replacement services for hydraulic and pneumatic systems and components for industrial and mobile equipment applications

Multiplastics, a division of Curd Enterprises Inc. 476 Long Point Road Mount Pleasant, SC 29464

843-881-0323 www.multiplastics.com sales@multiplastics.com

Paul D. Spies, Deborah D. Herbert 1952

Venessa Manigault

25

Plastic forming and fabrication, machining of plastic materials for aerospace and other industries

Zeltwanger CNC Manufacturing LP 4947 Fargo St. Charleston, SC 29418

843-552-2246 www.zeltwanger.com info@zeltwanger.com

Juergen Goehner 2002

-

25

Specialists in producing high-precision components and for assembling modules and complete systems for automotive, machine building, automation, aerospace and medical industry; stock of machinery, offer support

Southeast Industrial Equipment Inc. 400 Buckner Road Columbia, SC 29203

843-552-4825 www.sielift.com contacts@sielift.com

Freddie B. Sims 1993

Freddie Sims

24

Toyota forklifts, new, used and rental equipment, service, parts, warehouse products, automation solutions and dock and door products and services

ATS World Packaging 7370 E. Spartan Blvd., Suite B North Charleston, SC 29418

843-266-0010 www.atsworldpackaging.com troth@atsworldpackaging.com

Tom Roth 1997

Sean Patrum

15

Custom crating and packaging products and services, including warehousing and distribution, and export and import compliance

Selden Mast 4668 Franchise St. North Charleston, SC 29418

843-760-6278 www.seldenmast.com

Jonas Berg 1999

-

13 1

Aluminum masts, booms, rigging systems and aftermarket accessories for sailboats

Wheeler Bearing Co. LLC 7261 Investment Drive North Charleston, SC 29418

843-552-1251 www.wheelerfluidfilmbearings.com sales@wheelerbearing.com 2

Iain Jenkins, Ryan Ossmann, Diana Abercrombie 1919

Diana Abercrombie

12

Journal bearings, oil rings, motor replacement bearings, labyrinth seals, hydrodynamic bearing design, EDM services, on-site or in-house repair of pumps, motors, transformers and generators.

NanoScreen LLC 4401 Piggly Wiggly Drive, Suite 1000 North Charleston, SC 29405

800-684-2191 www.nanoscreen.com

Dean I. Sproles 2003

Dean Sproles

10 1

Designs and manufactures instruments and consumables used by major pharmaceuticals for drug development and other various precision medicine applications

Custom Equipment Co. Inc. 2700 SC Highway 41 Charleston, SC 29492

800-922-6120 www.cecmhs.com sales@cecmhs.com

Robbie Lewis, Bobby Riggs 1978

Robbie Lewis

8

Products Manufactured

Storage racks, cabinets, lockers and shelving, logistics, carts, conveyors, tuggers and dollies, facilities, mezzanines, wire partitions, work platforms

Because of space constraints, sometimes only the top-ranked companies are published in the print edition. For a full list of participating organizations, visit scbiznews.com/buy-business-lists. Email additions or corrections to Listresearch@Bridgetowermedia.com.

1 2022 data.

2 2022 Data

Aviation & Aerospace Companies Ranked by No. of Employees

• •

Company

Phone / Website / Email

Top Local Official(s) / Year Founded

# Employees, Lowcountry 2023

Boeing South Carolina 5400 International Blvd.

North Charleston, SC 29418

312-544-2000 www.weareboeingsc.com

Lane Ballard 1916

6,000

Advanced Technology International 315 Sigma Drive Summerville, SC 29486

843-760-4500 www.ati.org info@ati.org

Chris Van Metre 1998

300

Builds and manages collaborations that conduct research and development of new technologies to solve our nation’s national security challenges

Metalworx Inc. 340 Deming Way, Suite A Summerville, SC 29483

843-402-0999 www.metalworxinc.com bredmond@metalworxinc.com

Brandon Redmond 1997

73

Precision machining, fabrication, robotic welding, finishing, assembly and kitting specializing in medical, aerospace, military, material handling, actuation

Venture Aerobearings LLC 8701 Palmetto Commerce Parkway Ladson, SC 29456

843-695-2800 www.ventureaerobearings.com

Shawn Mcleod 2007

65

Manufacturer of jet engine bearings

Master Sheet Metal Inc. 1011 Bankton Circle Hanahan, SC 29410

843-747-8280 www.mastersheetmetal.com mastersheetmetal@gmail.com

Kaitlyn McComb, Tim Tytler, Chris Ard 1963

50

Contract manufacturer for both the military and commercial industries, offer lasering, press brake forming, CNC machining and turning, engraving, paint and powder coating

Alpha Sheet Metal Works Inc. 9525 Hamburg Road Ladson, SC 29456

843-821-6665 www.alphamachine.com jschady@alphamachine.com

Joseph W. Schady 1956

29

Custom metal fabrication

Multiplastics, a division of Curd Enterprises Inc. 476 Long Point Road Mount Pleasant, SC 29464

843-881-0323 www.multiplastics.com sales@multiplastics.com

Paul D. Spies, Deborah D. Herbert 1952

25

Plastic forming and fabrication, machining of plastic materials for aerospace and other industries

Southeast Industrial Equipment Inc. 400 Buckner Road Columbia, SC 29203

843-552-4825 www.sielift.com contacts@sielift.com

Freddie B. Sims 1993

24

Toyota forklifts, new, used and rental equipment, service, parts, warehouse products, automation solutions and dock and door products and services

ATS World Packaging 7370 E. Spartan Blvd., Suite B North Charleston, SC 29418

843-266-0010 www.atsworldpackaging.com troth@atsworldpackaging.com

Tom Roth 1997

15

Custom crating and packaging products and services, including warehousing and distribution, and export and import compliance

MRB Group Consulting P.C. 134 Meeting St., Suite 100 Charleston, SC 29401

843-992-0275 www.mrbgroup.com info@mrbgroup.com

David Doyle, P.E., Ryan T. Colvin, James J. Oberst 1927

11

Aviation planning, landscape architecture, urban design, park and recreation planning, civil and structural engineering

Custom Equipment Co. Inc. 2700 SC Highway 41 Charleston, SC 29492

800-922-6120 www.cecmhs.com sales@cecmhs.com

Robbie Lewis, Bobby Riggs 1978

8

Storage racks, cabinets, lockers and shelving, logistics, carts, conveyors, tuggers and dollies, facilities, mezzanines, wire partitions, work platforms

Harris Group Inc. 4105 Faber Place Drive, Suite 480 North Charleston, SC 29405

843-203-7014 www.harrisgroup.com info@harrisgroup.copm

Randy Hinton, Bryan Wood 1975

8

Multidiscipline engineering firm providing planning, design and construction management as advisor services to aerospace, manufacturing and process industries

Embry-Riddle Aeronautical University 101 W. Hill Blvd.

Charleston, SC 29404

843-767-8912 www.erau.edu/charleston charleston@erau.edu

P. Barry Butler 2006

11

Teach the science, practice and business of aviation and aerospace

Area of Specialization Fabrication, assembly and integration of major 787 Dreamliner components and interiors; final assembly and delivery of 787 Dreamliner airplanes; engineering design and production support; information technology

Because of space constraints, sometimes only the top-ranked companies are published in the print edition. For a full list of participating organizations, visit scbiznews.com/buy-business-lists. Email additions or corrections to Listresearch@Bridgetowermedia.com.

1

2022 data.

At Work

BUSINESS DIGEST | PEOPLE IN THE NEWS | HOT PROPERTIES

Business Digest

New STEM program aims to support math education leaders in rural areas

T

he Citadel STEM Center has a new program designed to develop rural mathematics teacher leaders. Learning to Lead is a five-year project supported by the National Science Foundation’s Robert Noyce Teacher Scholarship Program. The project aims to improve the quality of mathematics classes in rural schools by enhancing the educational knowledge and skills of master teacher fellows and developing their leadership, collaborating with master teacher fellows to establish the South Carolina Rural Math Teacher Network, and creating pro-

Sweet store opens in Moncks Corner

The Berkeley Chamber of Commerce celebrated the grand opening and ribbon cutting ceremony for Heavenly Cheesecakes by Tony, 1010 Old Hwy. 52, Suite B, Moncks Corner. Heavenly Cheesecakes

by Tony, established in 2022 as a mobile food truck, opened its first storefront in April this year with 15 cheesecake flavors.

Investors buy 4509 Savannah Highway

Bradley Baker, Joseph Tecklenburg and a group of investors bought 4509 Savannah Highway, a 41,000-square-foot flex-space complex between West Ashley and Ravenel. They plan to do a full renovation and to bring more flex/retail users to the area — in particular, a brewery anchor tenant.

As part of the refuge, Carvers Bay will continue to provide the environment that enables black bears and other animals to thrive. (Photo/Provided)

SC bay part of growing refuge

The Nature Conservancy in South Carolina has transferred a significant portion of the largest intact Carolina bay in coastal South Carolina, to the Waccamaw National Wildlife Refuge. The 2,110-acre property, known as Carvers Bay, holds one of the only known Atlantic white cedar forests, a core black bear population, and a diverse rare plant community.

fessional development resources to maintain and sustain the network in the future.

Learning to Lead is a collaboration between The Citadel’s STEM Center of Excellence, Zucker Family School of Education, and Swain Family School of Science and Mathematics as well as Georgetown County School District. Over the course of five years, the program will endeavor to develop teachers into rural teacher leaders — educators who go beyond their own classrooms to contribute to the development of other teachers.

Apart from the South Carolina Rural

Math Teacher Network, professional development opportunities and the professional learning community, master teacher fellows participating in Learning to Lead will receive two South Carolina add-on certification endorsements and will qualify for advancement to the next pay scale in their field. Teacher participants will complete 30 hours of graduate courses in four years free of charge and, in addition, will each receive a stipend of $10,000 per year for five years. By extending the graduate courses over multiple years, master teacher fellows take ownership of the knowledge,

resources and communities they have helped to create, which can increase the likelihood of the project’s continuation long after its initial period.

To be eligible for the program, the 20 participants had to meet several requirements, including teaching mathematics in South Carolina public schools that serve rural students, have a master’s degree, actively participate in all professional learning activities over the five-year duration, implement the covered content in their classrooms and actively participate in one online graduate course per semester.

A unique land formation found only along the coasts of North and South Carolina, the bays share common characteristics: an oblong shape, orientation from northwest to southeast, and a sandy rim along the southeast and northeast edges. Their rich peat soils made them a target for forestry and agriculture operations to drain and plant in the early- to mid-20th century. Their proximity to the coast caused some of the bays to be lost to development. As a result, only an estimated 3% of the Carolina bays remain.

Carvers Bay was purchased in 2012

by The Nature Conservancy from a Georgetown County family who harvested the hardwood timber for decades but never disturbed the integrity of the bay. The family desired that the property be a permanent part of the refuge. The Nature Conservancy worked with the USDA Natural Resource Conservation Service to place a wetland reserve easement on the tract and restore hydrology in the wetlands and managed the property for 10 years until the refuge assumed ownership.

In addition to wetland-reserve-easement funding, The Nature Conservancy received a North American Wetland Conservation Act Grant to complete the acquisition of Carvers Bay.

Map also enables clients to view their volunteerism and how that relates to their philanthropic giving.

The Social Good Map provides customized illustrations of clients’ philanthropic data to measure their charitable giving; understand their giving patterns; clarify how their values align with their giving; and illustrate opportunities to shift charitable investments over time to better meet their philanthropic priorities. It also empowers users to decline requests that don’t align with their family’s or company’s giving priorities.

The personalized tool is utilized by Grant Philanthropic Advisors’ clients and has the option for a stand-alone subscription service. The Social Good Map is helpful to generous families, family foundations, donor advised fund holders, charitable trusts, family offices or corporations that give more than $100,000 to nonprofits each year.

The Citadel and MUSC Health began working together last year to expand the infirmary’s offerings. Expanded services included MUSC Health’s 24/7 virtual urgent care platform and an improved availability to clinical care, as well as integrated imaging, lab, and pharmacy services.

Following the agreement’s expansion, The Citadel’s counseling center and staff moved into the infirmary. In addition to upgrades to the clinical spaces, MUSC Health will hire a new psychiatrist to work on campus. The athletic trainers for The Citadel, who provide sports medicine care and coverage to The Citadel athletes, have also been incorporated into the MUSC Health system and sports medicine team. MUSC Health will also add an additional primary care sports medicine physician, sports medicine orthopedic surgeon and physical therapist to the medical team.

The Citadel’s on-campus infirmary provides cadets with primary medical care, diagnostic tests and treatments, wellness education, and inpatient care when needed. The Mary Bennett Murray Infirmary was one of the first buildings constructed when The Citadel moved to its current location from Marion Square in the 1920s. Since its construction, nurses and a physician employed by the college staffed the facility. Now, the infirmary is staffed by doctors, nurses and care providers from MUSC Health.

The Citadel’s partnership with MUSC Health is a phased, multiyear initiative and services are currently limited to the Corps of Cadets.

Firm introduces Social Good Map

Grant Philanthropic Advisors has launched a user-friendly digital tool called the Social Good Map. The online dashboard enables philanthropists to see the impact of their charitable giving through dynamic charts and illustrations. The map catalyzes strategic discussions around a family’s philanthropy.

Philanthropists can manipulate their data to analyze their impact by values, geography, nonprofit sector, giving vehicle, timing and gift size. The Social Good

The infirmary at The Citadel has expanded services thanks to the new partnership with MUSC. (Photo/ Provided)

The Citadel and MUSC Health

expand their partnership The year-old partnership between The Citadel and the Medical University of South Carolina has entered a new phase.

As of July 1, services offered by The Citadel’s Mary Bennett Murray Infirmary have been expanded to include counseling, additional sports medicine offerings and onsite physical therapy.

DMV modernizes test for commercial driver’s licenses

South Carolina Department of Motor See BUSINESS DIGEST, Page 21

October 23 - November 12, 2023

BUSINESS DIGEST, from Page 20

Vehicles offices in Kingstree and Conway now offer the new modernized commercial driver’s license skills test. The two branches will offer the new exam on an appointment-only basis for drivers wishing to operate large commercial vehicles.

Other testing locations across South Carolina will implement the modernized test throughout the remainder of 2023 and into 2024. The shift to the modernized exam will also result in commercial driver’s license testing expanding from the current nine offices across the state to 18 offices when complete.

The commercial driver’s test has been redesigned with new national stan-

www.charlestonbusiness.com 21

dards that emphasize the modern technology that has come to trucking in recent years. Vehicle inspection is one part of the test that has been updated with a focus on critical safety systems.

The basic skills portion of the driving exam also can be conducted on a smaller footprint with the new test. There have been no changes to the knowledge tests or requirements for obtaining a commercial learner’s permit.

A new manual has been published to help customers prepare for the revamped testing and can be found on the agency website under CDL Manual. It is also available for purchase at branch offices.

Adding locations to take the commercial driver’s license test will make it more con-

venient for South Carolinians wishing to take the commercial driver’s license test. Before this change, for instance, the nearest testing location to Kingstree for a commercial driver’s license exam was almost 40 miles away.

Those who have studied for the traditional test should find themselves well-prepared for the modernized exam because much of the curriculum is unchanged, Saxon said. The cost of the application does not change with the switch to the modernized commercial test. Customers who already have passed at least one part of the three-part exam for a commercial driver’s license cannot shift to a modernized test location and receive credit for sections of

from vice president of sales and alliances. Longley’s background encompasses driving growth for startups, growth-stage companies, and enterprises. Under his leadership, Agile Cloud reached a number of milestones and earned recognition as one of the fastest-growing companies in the country by Inc. Magazine.

Longley has experience in customer-relationship-management implementations, data warehousing, and software development across diverse industries — including high tech, nonprofit, higher education, medical technology and manufacturing.

Entrepreneur Megan Rasmussen has developed Start Successful, a 17-week program designed to guide green entrepreneurs in building successful businesses. Pre-registration for fall enrollment is now open.

In addition to her consulting work and the management of her permanent jewelry line, Clara G Jewelry, Rasmussen is involved in the B Collective, a resource for entrepreneurs, and How Bazaar Events, an event company that unites local vendors without brick-and-mortar locations with established businesses that have physical locations.

the Society for Marketing Professional Services Palmetto Chapter, where she serves on the board of directors as director of communications.

the traditional test that they completed successfully. The applicant could convey that credit to another traditional test location. Appointments to take the modernized test can be made online.

1st Choice for AC Voted

a Neighborhood Fave 1st Choice for AC, Heating, Plumbing, & Gas has been named to the winning list of Nextdoor’s 2023 Neighborhood Faves, an annual award for which local residents can vote for their favorite local businesses. This year, Neighborhood Fave winners such as 1st Choice receive greater visibility and ranking on the Nextdoor app as well as a sticker to showcase their win in the real world.

People in the News TRANSPORTATION Parker’s has hired oil and gas distribution veteran Ricky A. John as vice president of fuel. In his new position, John creates, oversees, and identifies John actions to execute the strategic vision of the Parker’s fuel department while enhancing growth.

John works closely with Parker’s executive leaders to support the company’s strategic expansion across the Southeast. He brings more than 20 years of experience in commercial downstream oil and gas distribution, petroleum products trading, supply chain logistics and strategic transformational change management. Before joining Parker’s, he served as director of sales and business development at Sunoco.

John previously worked as a manager of Wholesale Marketing, Retail Fuel Supply and Products Trading at Murphy Oil, USA. Earlier in his career, he served as a senior ethanol trading manager for Nidera Energy US, a fuel oil trader for Flying J, and a junior trader, scheduler, and position coordinator for ConocoPhillips. Fluent in Spanish and English, John earned a Bachelor of Science in business management with an emphasis in international finance from Brigham Young University.

UTILITIES Four members of the South Carolina Power Team board of trustees have completed their terms: chairman B. Robert “Bob” Paulling, of Mid-Carolina Electric Cooperative; vice chairman James L. “Jimmy” Rowe, of Palmetto Electric Cooperative; J. David Wasson Jr., of Laurens Electric Cooperative; and David E. Felkel, of Edisto Electric Cooperative.

BUSINESS SERVICES Agile Cloud Consulting has promoted Stuart Longley to chief revenue officer

CONSTRUCTION Cate Smolinsky has joined DWG Consulting Engineers as director of marketing, a new position at the firm. Smolinsky, who has extensive marketing experience Smolinsky in the architecture, engineering and construction industry, leads all marketing, branding and business development efforts. Her responsibilities include overseeing the proposal process, telling the brand story, and expanding DWG’s reach in the market.

A graduate of George Mason University, Smolinsky has a Bachelor of Arts in communication with a focus on public relations. She is a member of

FINANCIAL SERVICES Twin Rivers Capital has brought in Eric Aubry as associate development manager. Previously, he worked for Rudolph Libbe Group in Toledo, Ohio, guiding Aubry large corporations through site selection, due diligence, and economic development incentives procurement.

Following the retirement of Bruce Wolfe, REV Federal Credit Union has brought Nicole Foote on board as the new vice president of lending. She is responsiFoote ble for overseeing all aspects of consumer, indirect and real estate lending.

Before joining REV, Foote served as the vice president of consumer lending at Credit Union 1, where she managed a portfolio of consumer loans. Prior to Credit Union 1, she was senior consumer lending operations at Orion Federal Credit Union in Memphis.

Foote has a bachelor’s in business administration from Portland State University and is a graduate of the Nafcu Management and Leadership Institute.

At Jeter Hrubala Wealth Strategies, Julie Peeples has completed the FINRA exams and an internal training program to become a financial adviser with the company’s Isle of Palms office. Her responsibilities include developing comprehensive financial plans, reviewing client portfolios, conducting investment research, and handling the day-to-day operational needs of the company and its clients.

Peeples began her career as a client

advisor in the property and casualty insurance markets at Pure insurance and then as a life insurance agent at New York Life. In addition, she co-founded Peeples Baseline, a personal fitness training company in Charleston.

A graduate of Wofford College, she has a Bachelor of Science in finance with a minor in economics. During her time at Wofford, Peeples served as a member of the James-Atkins Student Managed Investment Fund, was a research assistant for the economics department, and led the Purple Scarf Society, a female mentor and business organization.

NONPROFIT

Andrews

Hall

First Tee-Greater Charleston has two new advisory board members: Alex Andrews and Tommy Hall, both long-time supporters.

Andrews served on the First Tee-Greater Charleston board of directors for six years, four of them as secretary. She has worked on organizing First Tee’s annual Lowcountry Golf&Gala event; coordinated funding for First Tee through foundation support; and helped facilitate a corporate partnership with Renwick for Girls Golf programing.

Hall, chief executive officer of Hall Management Group, served on the board of directors for six years. He has been part of Golf&Gala planning efforts and hosted events at Halls and Halls 5 Faber to promote awareness of First Tee’s mission and impact.

The Florence Crittenton board of directors See PEOPLE, Page 22

22

www.charlestonbusiness.com

October 23 - November 12, 2023

PEOPLE, from Page 21

Target your market in an upcoming issue of the Charleston Regional Business Journal

NOVEMBER 13

FOOD & BEVERAGE

Lists: Restaurants, Restaurants with Banquet Facilities Advertising Deadline: October 30

DECEMBER 4 FINANCE

Lists: Banks, Accounting Firms Special Section: Reader Rankings Advertising Deadline: November 20

JANUARY 15

WORKFORCE/STAFFING

Lists: Professional Staffing Firms, HR & Payroll Advertising Deadline: January 2

has five new members: Jenna Braddy, managing director at Greystar; Angela Glyder, vice president of clinical operations at Lucina Analytics; Jaime Randise, account executive II at Bio-Rad Laboratories; Mary Beth Richardson, director, financial planning and analysis, at South Carolina Ports Authority; and Monique Wilsondebriano, owner of Charleston Gourmet Burger Company.

Finishing their terms are Jennifer Bjork, Florence Crittenton Programs past president and senior managing director, risk management at Greystar; Friend Gray, principal, property management, at Holder Properties; Robert Mason, community leader; and Angela Wertz, director, university compliance and privacy office, at the Medical University of South Carolina.

The Lowcountry Food Bank Foundation has appointed Michael P. Smith and Turquoi D. Dorsey to its board of directors.

Smith has more than 30 years of global senior leadership experience driving innovation, marketing, sales, profit, and acquisitions. He has extensive experience in strategic initiatives, finance, technology, business development, and joint ventures. He earned a Bachelor of Arts in chemistry from the University of Virginia and an MBA from the University of Michigan. Smith recently retired as president and executive vice president of Performance Chemicals at Ingevity Corporation. He has served on numerous boards both internationally and domestically.

Dorsey, the senior support manager at BoomTown in Charleston, has more than 15 years’ experience in implementing new initiatives, managing business processes, and leading organizational change. She has master’s degrees in business administration and information system management.

Among her honors is the 2018 Eminence and Excellence Award from IBM. Lowcountry Food Bank Foundation board members are Aaron Brewer, Iron Bridge Capital Partners; Tyler Condon, Lobee Learning; Mark Crocker, Dixon, Hughes, Goodman, retired; Erika Harrison, Law Offices of Erika Harrison; Brian Hubacher, Kuhn & Kuhn; Milton Irvin, UBS Investment Bank, retired; Tom Jeffries, Quoizel, retired; Bob Kahle, Kahle Strategic Insights; Steve Swanson, ATD/Citigroup, retired; Henry Tisdale, Claflin University, retired; Chris Tobin, Rootstock Philanthropy; and Pat Walker, Lowcountry Food Bank chief executive officer, retired.

REAL ESTATE

For advertising information, contact Ryan Downing at rdowning@scbiznews.com

New at Adams Property Group are Dutch Mutchler and Felicia Lassiter-Smith.

Mutchler, Adams Property Group’s newest property manager, has spent much of his career in health care administration.

In his new position, he oversees vendors and services at the firm’s managed properties. Mutchler attended West Virginia Wesleyan College, where he received a degree in business management and an MBA. Lassiter-Smith, director of property management, has a degree in psychology from Lynchburg College and Master of Arts in

mass communication from Norfolk State University. She has been in property management for 23 years. Among other duties, Lassiter-Smith will oversee the firm’s property managers, property management accounting, and tenant billbacks as well as negotiations of vendor services and contracts.

The Beach Company has three new hires — Mary Caroline Gazecki, Casey Hoffman, and Taylor Woods. Interning for the summer were Charles Frazer, Caroline Mathisen, Isabella Spuler, and Vincent Wilcox.

Gazecki, a concierge and events assistant at The Jasper, provides services to residents and assists with resident events.

Previously, she worked as a property management intern at PMC Property Group.

Gazecki ha a bachelor’s in retailing from the University of South Carolina.

Hoffman, associate director of marketing, manages Kiawah River real estate brokerage marketing plans, market research and reporting, and advertising campaigns. A graduate of the University of North Texas, she has a bachelor’s in business administration.

Woods, community engagement coordinator at Kiawah River, most recently worked as concierge and events manager at The Jasper. She is responsible for coordinating community events, facilitating homeowner relationships and collaborating with Auberge Resorts leading up to the opening of the Dunlin, Auberge Resorts Collection. Woods graduated with a bachelor’s in hospitality management from East Carolina University.

Frazer, a senior at Washington and Lee University majoring in business administration, was a summer intern on the development team at Kiawah River.

Mathisen, who has a degree in finance from Wofford College, interned on the real estate funds team.

Spuler, a senior at Clemson University pursuing a bachelor’s degree in human resources management, was a summer intern in human resources. She is a career ambassador for Clemson’s Center for Career and Professional Development and a member of Clemson’s Society of Human Resources Management chapter.

Wilcox, a senior at the College of Charleston majoring in commercial real estate finance, interned with the commercial brokerage team.

TRANSPORTATION The new general manager at Eagle Christian Tours is Brad Stockton. Previously, Stockton spent 15 years in the health care administration industry, including six years Stockton at Redmond Regional Medical Center in Rome, Ga., where he served as chief operating officer.

Stockton attended Samford University where he earned a bachelor’s in business management. He also earned two masters’s degrees, one in health administration and one in business administration, at the University of Alabama at Birmingham.

Viewpoint

VIEWS, PERSPECTIVES AND READERS’ LETTERS

Economy remains solid — for now

W

ith a surprisingly large 336,000 increase in payroll employment for September, one can make a plausible case that the Fed will boost the funds rate by 0.25% to 5.75% at the end of this month. We disagree. We are looking for no change in the funds rate at this meeting.

First, it is important to keep in mind that the entire spectrum of interest rates has risen by about one full percentage point in the past three months.

That alone should slow the economy to some extent in SLIFER the months ahead.

Second, there is the United Auto Workers strike which, given the unprecedented demands by the union and President Biden throwing his support behind the union, suggest strongly that the strike will not end any time soon.

Third, after a three-year hiatus student loan borrowers will resume payments to the government beginning this month. And fourth, the Congress is in disarray. With the ouster of House Speaker McCarthy the House of Representatives is paralyzed with a Nov. 17 date looming on the horizon for a possible government shutdown.

It is hard to imagine any significant budget progress between now and then.

To be sure, third quarter GDP growth will be robust. We estimate a growth rate of 3.5% and others are anticipating something even bigger. But fourth quarter growth is poised to slow to 1.5%

at best. If some of these issues are not resolved quickly it could quickly ratchet downwards to no growth or even a decline. Against this background, we suggest that the Fed will leave the funds rate unchanged at 5.5% and wait until some of these issues are resolved before deciding whether additional rate hikes might be needed.

While the level of interest rates across the board has risen sharply in the past several months, the run-up in the yield on the important 10-year note is particularly noteworthy. The yield on the 10-year was 3.46% back in April. It is currently 4.8%, which is the highest since 2007. That will clearly take a bite out of growth in the months ahead.

While the nominal level of the 10-year is eye-popping, the real rate on the 10-year does not appear as threatening. It has also risen, but with the 10-year note at 4.8% and the core CPI at 4.1%, the real 10-year rate is 0.7% which is roughly in line with its average for the 10-year period just preceding the pandemic. We do not believe that the current nominal yield on the 10-year will endanger the expansion.

The auto workers union is making (in our opinion) some outrageous demands.

They are asking for a 40% increase in wages over a 4-year period, a 20% reduction in the workweek from 40.0 to 32.0 hours, and a guarantee of some sort of job security during the transition to the production of all-electric vehicles. Then, President Biden shows up on the picket lines and throws his full support behind the union and its demands.

That poisoned any good-faith negotiations between the UAW and the auto-

mobile manufacturers because union workers will now believe that their proposals might actually be attainable. Anything less might be deemed unacceptable to rank and file union members.

The auto manufacturers will probably feel that they are no longer bargaining in good faith because one side has the support of the president. Against this background, it is inconceivable to us that the strike can be settled quickly. As it progresses, the inventory of unsold vehicles will dwindle while sales and revenues slip. The negative impact on the economy will soon be apparent.

Student loans borrowers are faced with a resumption of payments on their student loans beginning this month. For the past three years student loan borrowers could use the $200-300 per month that they previously sent off to the government to supplement spending. But now that $200-300 will once again be diverted to the government. This will make it more difficult for this group of borrowers to maintain their pace of spending.

They may choose to borrow against their credit cards for a while because debt in relation to income remains low, but this is clearly not a sustainable situation.

Finally, the House of Representatives is in disarray following the unprecedented ouster of Speaker Kevin McCarthy.

House Republicans do not seem even remotely close to coalescing support behind any new speaker. Who would want the job? This is a big deal because on Nov. 17, barring any significant progress on the budget front, the government will be forced to close.

The issue is not so much the direct

economic impact on GDP growth from a government shutdown, it is the perception that our leaders on Capitol Hill are paralyzed and incapable of governing. That scares the American people, is frightening to our Allies, and is a welcome opportunity for our enemies to create mischief.

Through September the economy remains solid, but there are formidable headwinds in the months ahead. Currently with the funds rate at 5.5% and the core CPI at 4.1% the real funds rate is 1.4%. That seems to be roughly in line with the level that in the past has significantly slowed the U.S. economy.

The Fed may well have to raise the funds rate further in the months ahead but, if inflation continues to shrink slowly, the peak in rates is not far distant. The Fed can resume its fine-tuning operation later if the need arises. It does not have far to go.

From 1980 until 2003, when he retired, Stephen Slifer served as chief U.S. economist for Lehman Brothers in New York City, directing the firm’s U.S. economics group along with being responsible for forecasts and analysis of the U.S. economy. He has written two books on using economic indicators to forecast financial moves and previously served as a senior economist at the Board of Governors of the Federal Reserve in Washington, D.C. Slifer can be reached at www.numbernomics.com.

We want to hear from you Write: Ross Norton, Editor SC Biz News 35B Cessna Court Greenville, S.C. 29607 Email: rnorton@scbiznews.com

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October 23 - November 12, 2023