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2014 GSA Market Facts

Page 1

2014

SPONSORED BY


FROM THE PUBLISHER Publisher - Lisa Jones ljones@scbiznews.com • 864.235.5677, ext. 101 UPSTATE NEWSROOM Editor - Scott Miller smiller@scbiznews.com • 864.235.5677, ext. 102 Copy Editor - Don Fujiwara dfujiwara@scbiznews.com • 864.235.5677, ext. 106 Staff Writer - Bill Poovey bpoovey@scbiznews.com • 864.235.5677, ext. 104 Staff Writer - Ashley Boncimino ashleyb@scbiznews.com • 864.235.5677, ext. 103 Graphic Designer - Jean Piot jpiot@scbiznews.com • 864.235.5677, ext. 105 Graphic Designer - Mallory Baxter mbaxter@scbiznews.com • 864.235.5677, ext. 115 MIDLANDS NEWSROOM Editor - James T. Hammond jhammond@scbiznews.com • 803.726.7545 Staff Writer - Chuck Crumbo ccrumbo@scbiznews.com • 803.726.7542 Special Projects Editor - Licia Jackson ljackson@scbiznews.com • 803.726.7546 Research Specialist - Patrice Mack pmack@scbiznews.com • 803.726.7544 LOWCOUNTRY NEWSROOM Managing Editor - Andy Owens aowens@scbiznews.com • 843.849.3142 Senior Copy Editor - Beverly Barfield bbarfield@scbiznews.com • 843.849.3115 Staff Writer - Liz Segrist lsegrist@scbiznews.com • 843.849.3119 Staff Writer - Ashley Barker abarker@scbiznews.com • 843.849.3144 Editorial Assistant - Chris McCandlish chrism@scbiznews.com • 843.849.3119 Research Specialist - Melissa Verzaal mverzaal@scbiznews.com • 843.849.3104 Associate Editor, Special Projects - Jenny Peterson jpeterson@scbiznews.com • 843.849.3145 Senior Graphic Designer - Jane Mattingly jmattingly@scbiznews.com • 843.849.3118 Graphic Designer - Andrew Sprague asprague@scbiznews.com • 843.849.3128 UPSTATE ACCOUNT EXECUTIVES Account Executive - Pam Edmonds pedmonds@scbiznews.com • 864.235.5677, ext. 110 Account Executive - Susan Hurst shurst@scbiznews.com • 864.235.5677, ext. 111

2014 Market Facts: Measuring the Upstate economy Over the past six years our readers have grown to rely on GSA Business’ Market Facts annual publication as an essential tool to understanding the Upstate region in which they live and work. Our research, editorial and production team, Licia Jackson, Veronica Watson, Scott Miller, Jean Piot and Mallory Baxter have pored through the reference materials and done the analysis of key trends and statistics in our market place. They have provided insights and analysis of the economic indicators and presented them in a manner that is easy to read. This year’s edition includes detailed statistical analysis of key economic sectors and frequently needed business resource contact information, as well as features Profiles in Business, a special advertising supplement that allows Upstate business leaders to share information about their businesses and connect with you. Information has been divided into seven sections for quick access to the data you need — Demographics, Employment & Economic Development, Education, Medical & Health Care, Financial Services, Real Estate & Construction and Business Resources. Each section is color coded and begins with a brief overview of each sector. Data is shown in easy-to-read graphs, charts and tables to help you visualize changes and trends. To make the information easy to read, we have included art, shading and highlighting of important facts; we’ve also included footnotes and explanations. I believe you will find Market Facts a valuable tool in business planning and research. Market Facts is a useful companion publication to our annual Book of Lists. Pair the largest companies in the Book of Lists with the statistics and other trend data in Market Facts for a complete view of the region’s and state's business community. I want to recognize our title sponsors, CertusBank and Upstate SC Alliance, and all of our section sponsors and advertisers for enabling us to provide this valuable resource for the region’s business leaders and decision-makers.

2014

Lisa Jones, Publisher South Carolina’s Media Engine for Economic Growth President and Group Publisher - Grady Johnson gjohnson@scbiznews.com • 843.849.3103 Vice President of Sales - Steve Fields sfields@scbiznews.com • 843.849.3110 Creative Director - Ryan Wilcox rwilcox@scbiznews.com • 843.849.3117 Director of Audience Development - Rick Jenkins rjenkins@scbiznews.com • 864.235.5677, ext. 112 Event Manager - Kathy Allen kallen@scbiznews.com • 843.849.3113 Audience Development & IT Manager - Kim McManus kmcmanus@scbiznews.com • 843.849.3116 Audience Development Specialist - Jessica Smalley jsmalley@scbiznews.com • 864.235.5677 ext. 116 Event Planner - Jacquelyn Fehler jfehler@scbiznews.com • 864.235.5677, ext. 113 Accounting Manager - Vickie Deadmon vdeadmon@scbiznews.com • 864.235.5677, ext. 100 CUSTOM MEDIA DIVISION Director of Business Development - Mark Wright mwright@scbiznews.com • 843.849.3143 Account Executive - Mariana Hall mhall@scbiznews.com • 843.849.3105

SPONSORED

BY

ON THE COVER | Illustration by Jean Piot

SUBSCRIPTION INFORMATION GSA Business (USPS 8460) is published biweekly, 27 times per year, including one special issue in February, by SC Biz News. 35 Cessna Court, Suite A Greenville, SC 29607-2700 Periodicals postage paid at Greenville, SC. Mailing address: 35 Cessna Court, Suite A Greenville, SC 29607-2700 Postmaster: Please send address changes to: SC Business Publications 1439 Stuart Engals Blvd., Suite 200 Mount Pleasant, SC 29464.

Annual subscribers receive 27 issues of GSA Business, including the Bookof Lists and Newsmakers, plus the special supplement Market Facts/Profiles in Business. One year (26 issues) for $49.95; two years (52 issues) for $84.95; three years (78 issues) for $119.95. Subscribe, renew, change your address or pay your invoice by credit card online at www.gsabusiness.com or call 864-517-1492.

SC Business Publications LLC A portfolio company of Virginia Capital Partners LLC Frederick L. Russell Jr., Chairman

The entire contents of this newspaper are copyright by SC Business Publications LLC with all rights reserved. Any reproduction or use of the content within this publication without permission is prohibited. SCBIZ and South Carolina’s Media Engine for Economic Growth are registered in the U.S. Patent and Trademark Office. ©2013 SC Business Publications LLC


2

CONTENTS

CONTENTS D E M O GRA P HI CS

4

E M P LOY ME NT & ECONO MIC DEVELOPMEN T

12

E D U CATI ON

24

M E D I CAL & HEA LT H CA R E

30

F I N AN CIA L SERV I C ES

36

R E AL ESTAT E & CONST RUCT ION

46

BU S IN ESS RESOU RC ES

56

SECTION SPONSORS Undergraduate Evening Studies | furman.edu/ues

EMPLOYMENT & ECONOMIC DEVELOPMENT

MEDICAL & HEALTH CARE

MARKET FACTS | www.gsabusiness.com

FINANCIAL SERVICES

EDUCATION

REAL ESTATE & CONSTRUCTION


ABOUT OUR SPONSORS

3

TITLE SPONSORS C

ertusBank is pleased to again be the title sponsor of the 2014 GSA Business Market Facts. We’re proud to call the Upstate home and are committed to the success and prosperity of the people, businesses and community organizations that make this area so special. As a community bank, we know our work is about much more than banking products and services. Every day we work hard on behalf of our custom­ers, whether we’re helping them fund a new or growing busi­ness, save for retirement, or simply bank with people who genuinely care. We strive to be more than just a financial institution. We measure our progress by our ability to help others succeed. The CertusBank team values the relationships we’ve built in the Upstate and looks forward to a bright future for this community.

John S. Poelker Interim President, CEO, CertusBank

A

t the Upstate SC Alliance we wake up every morning excited about selling a product that businesses worldwide say they want and need. How do we know that companies want a setting such as one the Upstate provides? Every year the competition from other places for new businesses gets tougher and tougher, and we have to work harder to get the attention of people charged with finding or expanding a company’s operations. Yet the Upstate keeps shattering records for new capital investments and job creation from companies expanding here and moving here. Market Facts is a valuable reference tool in our toolbox as we continue to position the Upstate for even greater success. It should be part of yours. We are proud to sponsor the 2014 edition of Market Facts and we hope you find it as useful as we do.

John Lummus President, CEO, Upstate SC Alliance

www.gsabusiness.com | MARKET FACTS


4

DEMOGRAPHICS

DEMOGRAPHICS S

et in the scenic beauty of the Appalachian foothills, the Upstate is the state’s manufacturing epicenter, but it also has growing professional services and health care sectors, as well as a budding entrepreneurship base. The cost of living is lower in the Upstate than the national average, though income is too. The total population is near 1.5 million, and it is aging, as the fastest-growing segments of the population are in or nearing retirement age. Additionally, the Upstate is becoming more diverse, with the Hispanic community being the region's fastest growing. The Upstate includes the 10 counties of Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union. Greenville, Spartanburg and Anderson counties are the largest, all falling along Interstate 85, which provides a direct link to Atlanta and Charlotte.

SECTION SPONSOR

MARKET FACTS | www.gsabusiness.com

FAST FACTS

24.9%

»

GREENVILLE COUNTY, THE UPSTATE'S LARGEST, HAS BEEN ONE OF THE STATE'S FASTEST GROWING COUNTIES PAGE 6

-17.82%

»

THE UPSTATE'S POPULATION OF 25- TO 34-YEAR-OLDS IS SHRINKING PAGE 8


6

DEMOGRAPHICS

WHERE DO PEOPLE LIVE IN THE UPSTATE? Figures show population by county with percentage change over the past decade.

2013 POPULATION 474,266 24.9%

290,969 14.6% 190,641 15.0% 55,885 6.4%

25,007 -4.4% ABBEVILLE

ANDERSON

CHEROKEE

GREENVILLE

69,723 5.2%

66,229 -4.8%

GREENWOOD

LAURENS

119,829 8.2%

75,045 13.3%

OCONEE

PICKENS

THE URBAN CENTERS

Greenville is the Upstate’s largest city and the fifth largest in the state, trailing Columbia, Charleston, North Charleston, Mount Pleasant and Rock Hill. Here are the largest cities in the Upstate.

1 2 3 4 5 6 7

Greenville 60,709 Spartanburg 37,401 Anderson 26,708 Greer 26,645 Mauldin 23,808 Greenwood 23,324 Easley 20,098 Source: U.S. Census Bureau Population Estimates

MARKET FACTS | www.gsabusiness.com

7 3

2 4 1 5 6

28,030 -6.2% SPARTANBURG

UNION


DEMOGRAPHICS

7

A MORE DIVERSE POPULATION Figures breakdown population by ethnicity

At 303%, growth in the Upstate’s Hispanic population is much faster than that nationally, which is 43% over the past decade.

Up 8% Up 9%

Up 303%

Up 188%

White

Black

Hispanic/Latino

Some other race alone

1,028,639

249,859

74,779

37,605

Up 115%

Up 61%

Up 52%

Two or more races

Asian/Native Hawaiian and other Pacific

American Indian or Alaska Native

21,861

20,073

3,724

SOURCE: South Carolina Statistical Abstract; U.S. Census Bureau, Census of Population and Housing 2010 and 2000.

www.gsabusiness.com | MARKET FACTS


8

DEMOGRAPHICS

AN AGING POPULATION Figures show 10-year changes in population by age.

A decade ago, 25- to 34-year-olds comprised the Upstate’s largest age demographic. Not anymore. Now, 45- to 54-year-olds hold that distinction, while 60- to 64-year-olds represent the fastest growing demographic.

16.59%

200K 6.46% 180K 160K

-17.82%

140K 120K 7.92% 9.86%

100K

5.83%

13.83%

42.30%

17.77% 41.94% 57.89%

80K 12.87% 60K 40K

40.77%

20K

UNDER 5

5-9

10-14

15-19

20-24

25-34

35-44

45-54

55-59

60-64

65-74

75-84

85+ SOURCE: U.S. Census Bureau

A SHRINKING SHARE OF YOUNG ADULTS Figures show percent of the population by age. The chart’s colors coordinate with the age groupings in the bar chart above.

12.92%

9.75%

14.19%

2000 27.99%

13.23%

15.03%

13.79%

12.81%

2012

13.74%

17.67%

21.35% 27.51%

SOURCE: U.S. Census Bureau

MARKET FACTS | www.gsabusiness.com


DEMOGRAPHICS

9

www.gsabusiness.com | MARKET FACTS


10

DEMOGRAPHICS

Housing

Utilities

GREENVILLE

ANDERSON

COLUMBIA

CHARLESTON

CHARLOTTE

Figures are based on a national average of 100. Where figures exceed 100, the cost is higher than the national average. Below 100, cost is cheaper than the national average.

ATLANTA

THE COST OF LIVING IN THE UPSTATE Health Care

120

100

80

60

40

20

SOURCE: Council of Community and Economic Research

IF YOU MADE $50,000 A YEAR IN THE GREENVILLE MSA You would need to earn the following salaries to live similarly in these cities:

$54,789 $46,524

ANDERSON

ASHEVILLE

$50,614

ATLANTA

$52,007 $48,873

CHARLESTON CHARLOTTE

$50,475

COLUMBIA SOURCE: www.bankrate.com

MARKET FACTS | www.gsabusiness.com


DEMOGRAPHICS

11

RENT OR OWN?

Figures show the percentage of homes that are owner-occupied by Upstate city.

50%

67%

ANDERSON

74%

EASLEY

46% GREENVILLE

62%

FOUNTAIN INN

71% MAULDIN

GREER

72% SIMPSONVILLE

53% SPARTANBURG SOURCE: U.S. Census Bureau

www.gsabusiness.com | MARKET FACTS


12

EMPLOYMENT & ECONOMIC DEVELOPMENT

EMPLOYMENT & ECONOMIC DEVELOPMENT J

ob creation, at about 2% in 2014, has outpaced the predictions of economists at the University of South Carolina. In past years, the manufacturing sector has paced job growth in South Carolina, particularly in the Upstate, where the economy is driven by the automotive sector. But this year, job growth has touched more industries, including retail and hospitality and tourism, sectors that typically respond to consumer demand. Upstate economic development groups, meanwhile, have built momentum going into 2015.

FAST FACTS

29.1%

»

WHILE HIGH, GREENVILLE INCOME GROWTH HAS NOT KEPT PACE WITH THE NATION OVER THE PAST DECADE PAGE 15

SECTION SPONSOR

Undergraduate Evening Studies | furman.edu/ues

MARKET FACTS | www.gsabusiness.com

$3.6 billion

»

CAPITAL INVESTMENT IN THE UPSTATE HIT AN ANNUAL RECORD HALFWAY THROUGH 2014 PAGE 20


14

EMPLOYMENT & ECONOMIC DEVELOPMENT

EMPLOYMENT BY SECTOR Figures show number of jobs by sector as of May 2014, the latest data available, along with the percentage change from one year ago. (+2.3%)

400,000

300,000

(-1.58%)

(+3.5%)

(+3.5%)

(+2.2%)

(+3.4%)

200,000 (-1.0%) (+2.8%) 100,000

CONSTRUCTION

MANUFACTURING

TRADE, TRANSPORTATION AND UTILITIES

FINANCIAL SERVICES

PROFESSIONAL SERVICES

EDUCATION AND HEALTH

HOSPITALITY

GOVERNMENT SOURCE: S.C. Department of Employment and Workforce

HOW MUCH DO SOUTH CAROLINIANS MAKE? A breakdown of household income and benefits in South Carolina. LESS THAN $24,999

$25,000-$49,999

$50,000-$74,999

$75,000-$99,999

$100,000-$199,999

MORE THAN $200,000

SOURCE: U.S. Census Bureau

13.40%

unemployment rate

INCOME AND BENEFITS

18.20% MARKET FACTS | www.gsabusiness.com

1,929,200 5.3% Total Nonfarm Employment

2.60% 28.30%

11.10%

SOUTH CAROLINA’S JOB MARKET ON THE UPSWING

2% 26.50%

job growth from a year ago


EMPLOYMENT & ECONOMIC DEVELOPMENT

15

INCOME GROWTH TRAILS THE U.S. AVERAGE Figures show average per capita personal income.

44.2%

12-year change

Income growth is slowest in the Upstate’s rural areas, but even the Upstate’s largest counties are seeing the gap in wages grow larger as annual growth rates are not keeping pace with the U.S. average.

29.1%

$45,000

39.8% 33.1%

$40,000

31.2%

Laurens County $31,627 10-year change 53.2%

$35,000

Laurens County has posted the biggest jump in income over the past decade. The community has benefited from a surge in manufacturing, led recently by the opening of a ZF Transmissions plant that will employ 1,650 by the end of 2016.

$30,000

Oconee County $34,848 1-year change 42.2% U.S.

S.C.

ANDERSON

GREENVILLE

SPARTANBURG

SOURCE: U.S. Census Bureau and the Bureau of Economic Analysis

Oconee County posted the largest year-over-year jump in income. The county has attracted business and jobs by investing public funds in the development of speculative industrial buildings.

www.gsabusiness.com | MARKET FACTS


16

EMPLOYMENT & ECONOMIC DEVELOPMENT

S.C. JOB GROWTH UP TO 2% ANNUALLY

South Carolina’s unemployment rate has dropped from an 11.9% high in late 2009 to 5.3% in May, and job numbers continue to grow. Figures show South Carolina employment numbers since 2004.

2,500,000

2,000,000

1,500,000

2004

2005

MARKET FACTS | www.gsabusiness.com

2006

2007

2008

2009

2010

2011

2012

2013

2014


EMPLOYMENT & ECONOMIC DEVELOPMENT

17

TRACKING GDP GROWTH IN S.C.

Figures represent percentage growth in South Carolina’s real gross domestic product from the previous year.

2004 0.47

2.8% 2.62 2005 2015

2.24 2006 2007

2.28

1.6% 2014

-0.83 2008 2009

-3.86

GDP 1.61 2010 Predictions TD Bank predicts 1.6% GDP

3.13 2011 growth for South Carolina this year as job and fund-

ing cuts in education and 1.50 2012

2013 SOURCE: U.S. Bureau of Economic Analysis

1.15

health care have dragged down the state’s economy. Annual growth is expected to increase to 2.8% in 2015, the bank reported.

www.gsabusiness.com | MARKET FACTS


18

EMPLOYMENT & ECONOMIC DEVELOPMENT

PART OF THE GLOBAL ECONOMY Figures show South Carolina exports to the rest of the world.

$26.1 billion Value of goods exported from S.C. MORE THAN HALF OF GOODS EXPORTED FROM SOUTH CAROLINA ORIGINATE IN THE UPSTATE

4%

INCREASE FROM THE PRIOR YEAR.

SOURCE: International Trade Administration

TOP COUNTRIES RECEIVING S.C. EXPORTS Saudi Arabia Brazil

TOP COUNTRIES SENDING IMPORTS TO S.C. France

United Arab Emirates

$577M

THE GREENVILLE METRO AREA RANKED AS THE 27TH LARGEST EXPORT MARKET IN THE U.S. BASED ON 2012 DATA.

$490M

Austria

Netherlands

$893M

$820M

$907M

$714M Japan

Italy

$728M

$1.1B

Canada

Austrailia

$3.96B

$779M

Germany

$7.0B

United Kingdom

$1.3B

United Kingdom

Japan

$1.4B

$1.8B

Mexico

Canada

Germany

$1.9B

$2.4B

$3.7B

China

$5.5B Mexico

China

$2.8B

$3.3B

TOP COMMODITIES EXPORTED

TOP COMMODITIES IMPORTED

Paper and paperboard, including waste 95,209

Auto parts

Wood pulp

46,798

Furniture 37,212

Logs and lumber

28,314

Auto and truck tires and tubes

33,393

Auto parts

23,379

Construction, building equipment

19,977

Fabrics, including raw cotton

15,546

Fabrics, including raw cotton

19,932

Poultry, chiefly fresh and frozen

12,905

Sheets, towels and blankets

19,224

Auto and truck tire and tubes

12,461

Menswear 15,672

General cargo, misc.

12,338

General cargo, misc.

Empty containers, drums, etc.

11,730

Synthetic resins, NSPF

11,566

MARKET FACTS | www.gsabusiness.com

PORT OF CHARLESTON 2012

Volume is measured in TEUs, which stands for 20-foot equivalent unit, or the measure of a standard container. SOURCE: PIERS Trade Intelligence

75,234

12,599

Paper and paperboard, including waste 11,416 Straws, rattan and canning

11,303


20

EMPLOYMENT & ECONOMIC DEVELOPMENT

A BIG YEAR FOR ECONOMIC DEVELOPMENT Buoyed by a big expansion at BMW Manufacturing Co. and a new facility for Toray Industries Inc., Upstate economic developers are posting a record year for business recruitment and job growth. Here’s a look at the numbers for the first half of 2014.

“TO PUT THAT IN PERSPECTIVE, THAT $3.6 BILLION BREAKS THE PREVIOUS SINGLE-YEAR RECORD FOR INVESTMENT BY MORE THAN $1.3 BILLION. IT IS MORE INVESTMENT IN JUST SIX MONTHS THAN OUR REGION SAW IN 2012 AND 2013 COMBINED.” John Lummus, Upstate SC Alliance

$3.6 BILLION

3,401

CAPITAL INVESTMENT

JOBS ANNOUNCED

THE TOP ANNOUNCEMENTS

Lists the top 10 economic development announcements by jobs. Includes capital investment figures, too.

BMW Manufacturing Automotive Spartanburg County $1 billion 800 jobs

Orian Rugs Textiles Anderson County $13 million 125 jobs

Toray Industries Advanced materials Spartanburg County $1 billion 500 jobs

U.S. Engine Valve Automotive Oconee County $29.5 million 125 jobs

MARKET FACTS | www.gsabusiness.com

Esurance

Insurance Greenville County $2.1 million 450 jobs

Suminoe Textile of America Corp. Automotive Cherokee County $5 million 100 jobs

E&I Engineering Ltd. Energy Anderson County $17 million 250 jobs

GE

Energy Greenville County $400 million 80 jobs

Trelleborg Wheel Systems Automotive Spartanburg County $50 million 150 jobs

Plastic Products Co.

Auto, consumer, construction, other Oconee County $3.2 million 68 jobs


EMPLOYMENT & ECONOMIC DEVELOPMENT

21

www.gsabusiness.com | MARKET FACTS


22

EMPLOYMENT & ECONOMIC DEVELOPMENT

Economic Development Agencies Ranked by No. of Employees

Phone / Website

Employees

Mission Statement/Description

Executive Director / Year Founded

864-283-2300 www.upstatescalliance.com

9

To position and market the Upstate to compete for business investment globally; to spearhead a global strategy to attract new investment to the region; to increase opportunities, ultimately leading to greater investment, enhancing the prosperity and quality of life for the Upstate

John Lummus 2000

864-382-2350 www.appalachiandevelopmentcorp.com

7

Nonprofit economic development lending corporation offering "gap financing" loans, working with local lenders to provide long-term, fixed-rate funding to lower the overall debt service requirements and allow for the maximum leverage of applicants' resources; funding comes primarily from public funds, thus the thrust is to advance job creation

Brad Schneider 1982

864-656-1132 www.clemson.edu/curf

7

To promote the welfare and future development of Clemson University and to support the university's educational and scientific goals

Catherine "Casey" Porto, Vincie C. Albritton 1982

864-235-2008 www.gogadc.com

7

Public-private economic development partnership dedicated to the growth and prosperity of Greenville County; to assist new and existing companies in growing or relocating here, thereby improving the quality of life of every Greenville County citizen

Kevin Landmesser 2001

S.C. Manufacturing Extension Partnership 37 Villa Road, Suite 500 Greenville, SC 29615

864.288.5687 www.scmep.org

7

Private, nonprofit group that provides S.C. businesses with strategies to drive growth, eliminate waste and develop resources; an affiliate of the National Institute of Standards & Technology operating under the U.S. Department of Commerce to promote innovation and industrial competitiveness

John Irion 1989

S.C. Technology & Aviation Center 2 Exchange St. Greenville, SC 29605

864-277-3152 www.sc-tac.com

7

Business and industrial air park with more than 80 tenant companies that have an international presence in such industries as manufacturing, trade, technology and aviation, including Lockheed Martin, Michelin and 3M

Jody Bryson 1964

Small Business Development Center 1 N. Main St. Greenville, SC 29601

864-370-1545 www.scsbdc.com

7

To advance South Carolina's economic development by helping entrepreneurs grow successful businesses; five offices in the Upstate

Jill Burroughs, Scott Welchel, Ben Smith 1979

864-594-5000 www.economicfuturesgroup.com

7

To drive the international business movement in the Southeast and target industries of automotive, advanced materials, biosciences, energy and logistics to reflect existing industries and sectors expected to perform well economically in the area

R. Carter Smith 2000

864-388-1250 www.partnershipalliance.com

6

To provide leadership and financial support improve economic growth and educational achievement in Greenwood County, in order to enhance the area's quality of life

Heather Simmons Jones 1986

864-260-4386 www.andersoncountytoday.com

5

To recruit, create and support new industries within Anderson County and provide support to existing industries and businesses, in order to create jobs, wealth and an expanded tax base in Anderson County

Burriss Nelson 1986

864-242-9733 www.infomentum.org

4

To create a regional environment that is conducive to economic growth through GIS-driven mapping and economic analysis for communities in the Upstate region of South Carolina

David Shellhorse 1996

864-638-4210 www.investoconeesc.com

4

Public-private nonprofit effort to accelerate job creation and capital investment, increase per capita income, diversify the local tax base and generate awareness of Oconee County, S.C. as a business location

Richard K. Blackwell 1960

864-898-1500 www.alliancepickens.com

3

Public-private economic development organization to attract, retain and increase jobs and grow the tax base in Pickens County; board oversees program of work and helps lead staff in recruiting new industry and maintaining existing industry in the county

A. Ray Farley II 1995

Greenville Forward 24 Cleveland St. Greenville, SC 29601

864-233-8443 www.greenvilleforward.com

3

To enhance the quality of life for greater Greenville by engaging citizens in continually updating, promoting and facilitating a community vision for 2025 and beyond

Russell H. Stall 2006

Greer Development Corp. 111-B S. Main St. Greer, SC 29650

864-416-0125 www.greerdevelopment.com

3

To recruit quality development to secure Greer's future; to coordinate the recruitment activities for historic downtown Greer; to provide a range of services to new and existing businesses

Reno Deaton 2002

864-939-0580 www.laurenscounty.org/ed

3

To ensure Laurens County continues to be a community of “accelerating progress� that focuses on economic opportunities that result in a viable future for all county citizens

Marvin Moss 2007

864-366-2181 www.discoverabbeville.sc.gov

2

864-260-1061 www.innovateanderson.com

2

864-751-4808 www.michelindevelopment.com

2

Works in conjunction with regional development agencies, local government and business support agencies to support socially or economically disadvantaged businesses; startup and existing small businesses in the Upstate; low-interest loans up to $50,000; free access to business expertise

John D. Tully 2009

864-232-9605 www.mediiupstate.org

2

Nonprofit to serve as a statewide resource to increase the economic assets of minority individuals and minority-owned businesses; functions in the Upstate from a main location in Greenville to develop and implement programs to increase the per capita income of minorities

S.T. Peden 2007

803-733-9070 www.sclaunch.org

2

Collaboration of SCRA and South Carolina university research foundations to facilitate applied research, product development, commercialization programs; strengthen South Carolina's knowledge economy by creating high wage-earning jobs; provide entrepreneurs with tools to help build technology start-ups, jobs and equity in the future

Greg Hillman, Mark Housley 2006

864-319-1097 www.uniondevelopmentboard.com

2

To promote sustainable economic growth and quality of life by recruiting targeted industries, putting into place support mechanisms for retaining existing industry, encouraging diverse business growth; and improving internal and external communications

Andrena Powell-Baker 1982

Cherokee County Development Board 101 Campus Drive Gaffney, SC 29341

864-206-2804 www.cherokeecountydevelopmentboard.com

1

To bring new jobs and investment to Cherokee County by recruiting business and industry, fostering a pro-business environment and assisting companies located within Cherokee County

Jim Cook 1970

City of Spartanburg Economic Development Department 145 W. Broad St. Spartanburg, SC 29304

864-596-2972 www.cityofspartanburg.org

1

To expand Spartanburg's tax base and provide quality job opportunities through business development, retention, expansion, and facilitation of real estate development; coordinate and administer Spartanburg Development Corp.; promote and assist growth of business concerns to increase employment opportunities and expand businesses

Patty H. Bock 1831

864-242-9801 www.gcra-sc.org

1

To improve the quality of life for the citizens of Greenville County through the implementation of innovative community development and revitalization strategies

Martin L. Livingston Jr. 1974

864-751-5056 www.scbio.org

1

864-598-6141 www.spartanburghousing.org

INP

Company Upstate SC Alliance 124 Verdae Blvd., Suite 202 Greenville, SC 29607 Appalachian Development Corp. 3531 Pelham Road, Suite 100 Greenville, SC 29615 Clemson University Research Foundation 391 College Ave., Suite 401 Clemson, SC 29631 Greenville Area Development Corp. 233 N. Main St., Suite 250 Greenville, SC 29601

Economic Futures Group of Spartanburg County 105 N. Pine St. Spartanburg, SC 29302 Greenwood Partnership Alliance 109 W. Court Ave. Greenwood, SC 29646 Anderson County Office of Economic Development 126 N. McDuffie St. Anderson, SC 29621 InfoMentum: A Program of the Appalachian Council of Governments 30 Century Circle Greenville, SC 29607 Oconee County Economic Development Commission 528 U.S. Highway 123 Bypass, Suite G Seneca, SC 29678 Alliance Pickens 1390 Smith Grove Road Liberty, SC 29657

Laurens County Development Corp. 291 Professional Park Road Clinton, SC 29325 Abbeville County Development Board 100 Court Square, # 200 Abbeville, SC 29620 Innovate Anderson 126 N. McDuffie St. Anderson, SC 29621 Michelin Development Co. 411 University Ridge Greenville, SC 29601 Minority Economic Development Institute Inc. 404 Vardry St., Suite 112 Greenville, SC 29601 SC Launch 3 Research Drive, Suite 220 Greenville, SC 29607 Union County Development Board 207 S. Herndon St. Union, SC 29379

Greenville County Redevelopment Authority 301 University Ridge, Suite 2500 Greenville, SC 29601 SCBIO 411 University Ridge, Suite A Greenville, SC 29601 Spartanburg Housing Development Corp. 201 Caulder Ave., Suite G Spartanburg, SC 29306

To generate new capital investment and job creation within the county assisting clients with site selection and development, workforce recruitment and training, information management, incentives and regulatory issues; strategic planning, marketing, semiannual newsletter, media relations, tourism, downtown revitalization Formed by Anderson County, the city of Anderson, Anderson Area Chamber of Commerce and private businesses to provide marketing support and mobilize resources to help the Anderson County Office of Economic Development attract new industry and commercial and retail businesses through marketing

To grow S.C. life sciences businesses that move discoveries to market, relieve suffering and improve the quality of life; SCBIO grows business opportunities through networks to strategic partners, researchers, professional service providers, experienced executives, investors, and economic development professionals within a positive public policy environment Nonprofit organization that develops, manages, buys and sells homes; to provide safe and affordable housing; to help promote economic opportunity, community development and revitalization; to combat community deterioration through residential and economic development and historic preservation

INP=Information not provided. Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com, fax to 803-726-7404 or go to www.tinyurl.com/joinourlists.

MARKET FACTS | www.gsabusiness.com

Steve Bowles 1953 Michael T. Panasko 1993

Wayne R. Roper 1989 Harold Mitchell 2007

Researched by GSA Business staff


EMPLOYMENT & ECONOMIC DEVELOPMENT

23

www.gsabusiness.com | MARKET FACTS


24

EDUCATION

EDUCATION

FAST FACTS

T

he Upstate is home to one of South Carolina’s three research universities — Clemson University — as well as the public teaching institutions the University of South Carolina Upstate and Lander University. Several private institutions are located in the Upstate as well. Additionally, four of the state’s 16 technical colleges reside in the Upstate — Greenville Technical College, Piedmont Technical College, Spartanburg Community College and Tri-County Technical College. Several universities, including Clemson, USC Upstate and SCC, have added campuses in their urban business districts recently, while technical colleges are expanding partnerships with the industrial sector. Enrollments are growing, at both four-year universities and tech colleges, as the Upstate community works to promote post-secondary education to more residents. Additionally, technical colleges continue to expand their workforce-training initiatives with Upstate businesses.

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41%

»

THE PERCENTAGE OF GREENVILLE RESIDENTS WITH BACHELOR'S DEGREES OUTPACES THE REGIONAL, STATE AND U.S. AVERAGES PAGE 26

$13,054

»

CLEMSON UNIVERSITY TUITION IS UP NEARLY 18% OVER THE PAST FIVE YEARS PAGE 28


26

EDUCATION

EDUCATIONAL ATTAINMENT IN THE UPSTATE Figures compare educational level of the population by city, state and the U.S.

High school diplomas

78.4%

85.7%

81.6%

84.0%

85.7%

Anderson

Greenville

Spartanburg

South Carolina

U.S.

20.1%

41.0%

27.9%

24.6%

28.5%

Anderson

Greenville

Spartanburg

South Carolina

U.S.

Bachelor’s degree or higher

SOURCE: U.S. Census,

MORE COLLEGE GRADUATES Shows degrees awarded by public institutions in the 2011-2012 school year.

30% 28%

10-YEAR CHANGE

7,161

4,732

6%

7%

1,109

793

Clemson

USC Columbia

MUSC

USC Upstate SOURCE: S.C. Commission on Higher Education

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EDUCATION

TECHNICAL EDUCATION ON THE RISE

27

ON THE JOB TRAINING A look at apprenticeship in South Carolina during 2013.

Educational attainment statistics showed a rise in the number of Upstate residents receiving associate's degrees. Here’s some more information on the S.C. Technical College System.

6,412 ACTIVE APPRENTICES

52% of all undergraduates in S.C. public higher education during the Fall 2012 semester were enrolled at one of the colleges within the S.C. Technical College System.

3of the state’s five largest public colleges and universities in Fall 2012 were technical colleges, in terms of undergraduate head count enrollment.

17,434 students graduated from the technical school system in 2011-

2,048 NEW APPRENTICES

2012.

32% of the graduates from the colleges within the S.C. Technical

969 COMPLETED APPRENTICESHIPS

College System studied health sciences, a sector that faces a workforce shortage in the state. SOURCE: S.C. Technical College System

SOURCE: U.S. Department of Labor Employment and Training Administration

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28

EDUCATION

COLLEGE AFFORDABILITY

A decade ago, the state dedicated 7% of general fund revenues to education. Today, that figure is 4.1%. More state money is given for scholarships, however.

State general fund appropriations to universities have dropped, but the state is providing students with more scholarship money.

STATE FUNDING

Chart shows appropriations by fiscal year from the state’s general revenue fund

$200M

MUSC Clemson USC Columbia

$180M $160M $140M $120M $100M $80M $60M $40M 2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

SOURCE: S.C. Commission on Higher Education

THE RISING COST OF A DEGREE

STATE AID FOR STUDENTS

Figures show tuition per semester for the state’s three research universities.

Figures show scholarship and grant funding provided by the state through the Commission on Higher Education

MUSC** Clemson USC Columbia*

$120M $100M

$16K $14K

$80M

$12K

$60M $40M

$10K 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

2011-12

2012-13

2013-14

$8K

SOURCE: S.C. Commission on Higher Education

UNIVERSITY R&D

$6K

Figures show National Science Foundation funding at South Carolina’s research universities in 2012.

$237M $142M

$4K $2K

$215M 2008-09

CLEMSON

MUSC

SOURCE: National Science Foundation

MARKET FACTS | www.gsabusiness.com

USC

2009-10

2010-11

2011-12

SOURCE: S.C. Commission on Higher Education *Excludes medicine, law and pharmacy **Excludes medicine, denistry and pharmacy; includes nursing and health professions only

2012-13

2013-14


EDUCATION

29

UNIVERSITY ENROLLMENT WHAT DO UPSTATE STUDENTS STUDY? Fall enrollment at selected South Carolina universities.

5-YEAR CHANGE FROM 2009 TO 2013

Charts show the most popular majors at the Upstate's largest four-year institutions.

35K

CLEMSON UNIVERSITY 1%

Education

Biological and Biomedical Sciences

7%

30K

8%

Agriculture

25K

7%

19% Engineering

17%

20K

15K

UNIVERSITY OF SOUTH CAROLINA UPSTATE Nursing

10K

25%

-16%

25%

Education

5K

0

Business, Management, Marketing, and Related Support Services

7%

20%

Business Administration and Management, General

18%

Liberal Arts and Sciences

8%

Psychology

CLEMSON

USC

MUSC

USC UPSTATE

5%

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30

MEDICAL & HEALTH CARE

MEDICAL & HEALTH CARE F

our of the Upstate’s top-10 employers are health care providers — Greenville Health System, 12,041 employees; Spartanburg Regional Healthcare System, 5,700; Bon Secours St. Francis Health System, 5,047; and AnMed Health, 3,641. Each of those institutions has grown over the past year. Greenville Health System recently added Oconee Medical Center to its system as part of an affiliation agreement, after adding a presence in Laurens County a year ago through a similar arrangement. GHS said the expanded partnerships are needed to improve health care. Increased levels of care are needed. South Carolina’s population scores poorly in national health rankings on obesity, diabetes, heart disease and other measures.

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FAST FACTS

$4.8B

»

MEDICAID SPENDING IS HIGH IN SOUTH CAROLINA, BUT THE RATE OF GROWTH HAS SLOWED IN RECENT YEARS PAGE 33

$80.9M

»

GREENVILLE MEMORIAL HOSPITAL, THE UPSTATE'S LARGEST BASED ON REVENUE, POSTED A BIG JUMP IN ANNUAL PROFIT PAGE 34


32

MEDICAL & HEALTH CARE

THE HIGH COSTS OF CHRONIC CONDITIONS

$42.9

Figures at right show medical costs for the Upstate’s 10 counties in 2011, the latest data available from the S.C. Department of Health and Environmental Control.

$169.2

AN UNHEALTHY STATE

Select national rankings of South Carolina’s health — No. 1 is best; 50 is worst

MILLION

Hypertension

MILLION Stroke

No. 45

South Carolina’s overall health ranking

No. 34

191.5 cancer deaths per 100,000 residents

No. 31

$965.6

4.3% of adults have cardiac heart disease

No. 42

MILLION

Heart Disease

30.8% of adults are obese

No. 49

12.1% of adults have diabetes

No. 44

41.6% of adults have high cholesterol

No. 24

$131.3 MILLION

Chronic Lower Respiratory Disease

61.2 preventable hospitalizations per 1,000 Medicare enrollees

$76.7

No. 8

MILLION Diabetes

15% of adults binge drink

No. 31

$66 in public money spent per person annually on health care

No. 40

7.6 infant deaths per 1,000 live births SOURCE: United Health Foundation

NEED TO EAT BETTER, EXERCISE South Carolinians are more likely to seek medical exams like cholesterol checks but do not eat as healthy or exercise as often as the rest of the nation, according to the United Health Foundation.

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$289.0 MILLION Cancer


MEDICAL & HEALTH CARE

A HIGH PERCENTAGE OF SOUTH CAROLINIANS ARE UNINSURED

WHAT DOES INSURANCE COST?

Figures show the average annual health premiums for a family plan.

Figures show the percentage of the population on the major types of coverage.

Employer

Medicaid

Medicare

Employee contribution

No insurance

Employer contribution

15%

17%

South Carolina

$11,237

$10,034

48%

16%

Total $15,473

Total $14,285

South Carolina’s uninsured rate ties for the 12th highest in the country.

46%

16%

14%

$4,251

$4,236

South Carolina

United States

15%

United States

SOURCE: The Henry J. Kaiser Family Foundation

SOURCE: The Henry J. Kaiser Family Foundation

MEDICAID SPENDING DECLINES IN S.C.

10%

Figures show the average annual growth in Medicaid spending. Growth was negative in the most recent year for which data was available.

Medicaid spending topped $4.8 billion in South Carolina this year. SOURCE: The Henry J. Kaiser Family Foundation

33

5%

South Carolina United States

0% 1990-2001

2001-2004

2004-2007

2007-2010

2010-2012

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34

MEDICAL & HEALTH CARE

THE FINANCIAL PERFORMANCE OF UPSTATE HOSPITALS

Annual profit and loss figures include earnings from patient services, as well as investments, parking and other revenue sources. Data is for the year 2013. The top four Upstate hospitals are listed based on annual revenue.

GREENVILLE MEMORIAL HOSPITAL Revenue. . . . . . . . . . . . . . . . . . . . . . . $1.0 billion Medicaid DSH Payments*. . . . . . . $38.8 million

ANMED HEALTH MEDICAL CENTER

Revenue. . . . . . . . . . . . . . . . . . . . . . . $639.2 million Medicaid DSH Payments*. . . . . . . $16.7 million

Annual profits/losses 2009-2013

Annual profits/losses 2009-2013 $80.9M

$84.2M

$90M

$90M

$60M

$60M

$30M

$30M $-10.8M

$0

$-45.6M

$0 2009

2010

2011

2012

2009

2013

SPARTANBURG REGIONAL

2010

2011

2012

ST. FRANCIS HOSPITAL

Revenue. . . . . . . . . . . . . . . . . . . . . . . $611.2 million Medicaid DSH Payments*. . . . . . . $18.4 million

Revenue. . . . . . . . . . . . . . . . . . . . . . . $469.7 million Medicaid DSH Payments*. . . . . . . $12.3 million

Annual profits/losses 2009-2013

Annual profits/losses 2009-2013

$90M

$90M $40.0M

$60M

$60M $30.6M

$30M

$30M

$0

$0 2009

2010

2011

2012

2013

2013

$67.5M

$32.6M

2009

2010

2011

2012

2013

*These are Medicaid payments hospitals receive to offset the cost of unreimbursed care to low-income patients who don’t pay their full bill. SOURCE: S.C. Department of Health and Human Services MARKET FACTS | www.gsabusiness.com


MEDICAL & HEALTH CARE

BUYING OBAMACARE

35

118,324 S.C. residents enrolled 213,974 were eligible

Figures show the numbers of South Carolinians who bought insurance coverage on the federal health insurance marketplace, or exchange, from Oct. 1, 2013, through March 31.

Here’s the breakdown of who bought coverage:

BY GENDER

BY COVERAGE PURCHASED

43% Male 57% Female

Silver 73% Bronze 16% Gold 10% Platinum 0% Catastrophic 2%

BY AGE

55-64

< 18 18-25 26-34

45-54

35-44

BY STATUS

88% With Financial Assistance 12% Without Financial Assistance SOURCE: U.S. Department of Health and Human Services

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36

FINANCIAL SERVICES

FINANCIAL SERVICES

FAST FACTS

S

ome of the names on the buildings are different, but the Upstate banking industry has survived several years of economic turbulence. Federal regulators send very few notices of banks failing any more, and South Carolina banks are showing increased profitability. Now, South Carolina banks appear to be looking at mergers and acquisitions to build scale. Headlining the M&A activity in the banking sector, SCBT and First Financial Holdings merged to become South State Bank, one of the state's largest banks. The Upstate market has been attractive for out-of-market banks looking to expand, as well, and credit unions have shown strong growth in South Carolina.

10%

»

THE PERCENTAGE OF S.C. BANKS THAT ARE UNPROFITABLE HAS DROPPED CONSIDERABLY PAGE 40

»$20.2B THE TOP BANK IN THE UPSTATE HAS MORE THAN 15% MARKET SHARE OF TOTAL DEPOSITS PAGE 41

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38

FINANCIAL SERVICES

SLIMMER S.C. BANKS SHOW FATTER PROFITS Federally insured banks headquartered in South Carolina continue to show improved financial performance, as they have reduced assets and employee headcounts. Over the past five years, mergers, acquisitions and closures have reduced the number of banks headquartered in South Carolina. At the same time, South Carolina-based banks have slashed their books of bad loans and climbed slowly back into profitability,

mirroring a national trend, according to the latest quarterly report from the Federal Deposit Insurance Corp. In the fourth quarter, Palmetto State-based banks reported aggregate net income of $166 million, up 10.7% from the prior-year quarter. Nationally, FDIC-insured institutions reported aggregate net income of $40.3 billion in the fourth quarter, a 16.9% increase from a year earlier. This is

the 17th time in the last 18 quarters — since the third quarter of 2009 — that earnings have registered a year-over-year increase, the FDIC said. The improvement in earnings was mainly attributable to an $8.1 billion decline in loan loss provisions. Here’s a by-the-numbers look at the changing banking climate in South Carolina over the past five years, based on figures from the Federal Deposit Insurance Corp.

THEN AND NOW

Figures compare 2009 to 2013. Numbers only include banks headquartered in South Carolina.

No. of S.C.-based banks Then 89

Now 69

Mergers and acquisitions — some forced by federal and state regulators; others done to build economies of scale or provide an out-of-state bank entrance to the S.C. market — have reduced the number of banks headquartered in South Carolina.

Now 9,271

Much of the contraction of the S.C.-based banking industry can be attributed to the 2010 sale of Carolina First Bank to TD Bank, which is not headquartered here but continues to employ thousands in the state and has expanded to add a regional operations hub in Greenville.

Now $36.7B

Much of this can be attributed to locally based banks being acquired by out-of-state institutions. Of note, however, is that banks have rid their portfolios of bad assets. On Dec. 31, 2.94% of banks’ total assets were categorized as nonperforming, down a full percentage point over the year.

Employees Then 11,830

Assets

Then $56.7B

S.C. BANKS’ ARROW POINTING UP The graph shows the aggregate net income reported by banks headquartered in South Carolina over the last five years.

$400M

$200M

$0

2009

2010

2011

2012

2013

-$200M

-$400M

-$600M

-$800M

-$1,000M SOURCE: Federal Deposit Insurance Corp.

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40

FINANCIAL SERVICES PERCENTAGE OF UNPROFITABLE BANKS Figures as of March 31 for each year, the most recent available. 33% 2009

10.3% 2013

NET CHARGE OFFS TO LOANS Figures as of March 31 for each year, the most recent available. 1.9% 2009

0.19% 2013

EQUITY CAPITAL $5.6 billion 2009

TOTAL LOANS Figures as of March 31 for each year, the most recent available. $42.7 billion 2009

$23.0 billion 2013

NET INTEREST MARGIN 3.25% 2009

3.8% 2013

RETURN ON EQUITY $4.0 billion 2013

-4.1% 2009

5.6% 2013

SOURCE: Federal Deposit Insurance Corp. Data covers South Carolina-headquartered banks only.

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FINANCIAL SERVICES

THE TOP BANKS IN THE UPSTATE

41

ABOUT THE MARKET Figures include aggregate data for the Upstate counties of

Banks are listed by market share as of June 30, 2013, the most recent data for which data is available. Figures include aggregate deposit data for the Upstate counties of Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union.

Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, Spartanburg and Union.

15.49% MARKET SHARE

$3B

43 Banks

$2B

413 offices

$20.2B Total deposits

7.27% MARKET SHARE

3.47%

Bank of Travelers Rest

South State Bank

The Palmetto Bank

First Citizens Bank & Trust

TD Bank

SunTrust Bank

Bank of America

BB&T

Wells Fargo & Co.

$1B

Southern First Bank

MARKET SHARE

SOURCE: Federal Deposit Insurance Corp.

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42

FINANCIAL SERVICES

THE UPSTATEâ&#x20AC;&#x2122;S LARGEST CREDIT UNIONS Assets and number of members as of September 2013, the latest data available

MEMBERS

$1,673,875,206

195,620

GROWTH IN SOUTH CAROLINA CREDIT UNIONS YEAR NO. MEMBERS ASSETS 1990 1995 2000 2005 2010 2013

$800,000,000

73,252

$600,000,000

99 87 77 69 62 58

593,491 748,771 933,124 1,060,951 1,275,895 1,339,249

$1.8 billion $2.7 billion $3.9 billion $5.8 billion $9.1 billion $10.5 billion

SOURCE: Credit Union National Association

66,457

$400,000,000

44,018 23,809

16,388 13,304

15,373

$200,000,000

Founders Federal Credit Union

S.C. State Credit Union

CPM Federal Credit Union

S.C. Telco Federal Credit Union

Greenville Federal Credit Union

MTC Federal Credit Union

Anderson Federal Credit Union

Carolina Foothills Federal Credit Union

SOURCE: National Credit Union Administration.

COMPARING S.C. BANKS AND CREDIT UNIONS BANKS

CREDIT UNIONS

$38.2B

*Only includes banks headquartered in South Carolina SOURCES: Federal Deposit Insurance Corp. and the Credit Union National Association

$36.7B

$40B

$30B

$20B

$10.5B $5.2B

$10B

2003 MARKET FACTS | www.gsabusiness.com

2013


44

FINANCIAL SERVICES

SBA LENDING IN THE UPSTATE

STATEWIDE SBA LENDING IN 2014

Figures are for the flagship 7(a) program in the SBA’s fiscal year beginning Oct. 1, 2013, through June 2014.

Figures for the SBA’s flagship 7(a) loan program in Greenville, Spartanburg and Anderson counties

$50M 60 loans

77 loans

$40M

$30M

126 loans

137 loans

100 loans 71 loans

$20M

$136 million 251 loans A DIP IN LENDING IN 2013 Figures are the 7(a) program in fiscal 2013, which ran from Oct. 1, 2012, to Sept. 30, 2013.

67 loans

$200 million

$10M

10% less than 2012 volume 2007

2008

2009

2010

2011

2012

2013

SOURCE: U.S. Small Business Administration, South Carolina District Office

SOURCE: U.S. Small Business Administration, South Carolina District Office

South Carolina SBA Lenders Ranked by $ Value of Small Business Administration 7(a) Loans, FY2013

Phone / Website

SBA Loans: $ Value / No.

No. of S.C. Branches

Top Local Official(s) / Year Founded

864-255-4420 www.certusbank.com

$21,892,100 12

10

John S. Poelker 2011

843-727-8450 www.tdbank.com

$19,519,000 34

83

David Lominack, Dixon Woodward 1852

Wells Fargo & Co. 15 S. Main St., Greenville, SC 29601

800-869-3557 www.wellsfargo.com

$16,510,600 45

145

Ethan Burroughs, Brian A. Rogers 1852

Business Carolina (BCI Lending) 1523 Huger St., Suite A, Columbia, SC 29201

803-461-3801 www.bcilending.com

$15,289,000 19

1

Ed Kesser 1992

864-984-4551 www.palmettobank.com

$11,139,000 6

25

Samuel E. Erwin 1906

864-250-9800 www.bankofnc.com

$9,635,900 9

8

R. Charles Eldridge Jr. 1991

Live Oak Banking Co. 1741 Tiburon Drive, Wilmington, NC 28403

910-790-5867 www.liveoakbank.com

$9,417,000 11

0

James S. Mahan III 2007

NOA Bank 2476 Pleasant Hill Road, Duluth, GA 30096

678-385-0828 www.noabank.com

$6,910,000 7

0

Steve Bae 2008

336-532-7500 www.vantagesouth.com

$5,962,500 5

0

Scott M. Custer 2006

864-242-8000 www.bbt.com

$5,009,200 37

116

Natalie Ruggiero 1872

813-929-4477 www.centralbankfl.com

$5,000,000 1

0

Scott Kohler 2007

855-884-0744 www.westtownsavingsbank.com

$4,980,000 5

0

Eric Bergevin 1922

404-601-1250 www.cornerstonebankga.com/l_sba.htm

$4,656,000 5

0

William B. Pendleton 2001

706-649-4900 www.synovus.com

$4,202,000 8

44

Kessel D. Stelling Jr. 1888

Company CertusBank 1 N. Main St., Greenville, SC 29601 TD Bank N.A. 40 Calhoun Street, Charleston, SC 29401

The Palmetto Bank 306 E. North St., Greenville, SC 29601 BNC Bank 550 E. McBee Ave., Greenville, SC 29601

VantageSouth Bank 1005 High House Road, Cary, NC 27513 BB&T (Branch Banking & Trust Co.) 301 College St., Greenville, SC 29601 Central Bank 20701 Bruce B. Downs Blvd., Tampa, FL 33647 West Town Savings Bank 4852 W. 30th St., Cicero, IL 60804 CornerstoneBank 2060 Mount Paran Road N.W., Suite 100, Atlanta, GA 30327 Synovus Bank 1148 Broadway, Columbus, GA 31901

INP=Information not provided. Fiscal year 2013 (Oct. 1, 2012, to Sept. 30, 2013) totals provided by S.C. Small Business Administration. INP=Information not provided. Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com or go to www.tinyurl.com/ joinourlists.

MARKET FACTS | www.gsabusiness.com

Researched by SC Biz News Staff


FINANCIAL SERVICES

45

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46

REAL ESTATE & CONSTRUCTION

REAL ESTATE & CONSTRUCTION S igns point to a more robust housing market: increased sales; higher prices; homes selling faster; sellers getting more of their list prices; residential construction gaining steam. The commercial market seems to have leveled off, however. After strong years that saw some major construction projects, particularly in downtown Greenville, commercial construction activity dipped in 2013. Addtionally, construction jobs remain well below pre-recession peaks. The commercial real estate market shows doubledigit vacancy rates and negative absorption.

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FAST FACTS

$157,000

»

HOMES ARE SELLING AT HIGHER PRICES AS THE REAL ESTATE MARKET IMPROVES PAGE 48

»$808.2M COMMERCIAL CONSTRUCTION SPENDING DIPPED IN THE UPSTATE IN 2013 PAGE 50


48

REAL ESTATE & CONSTRUCTION

A RISE IN SALES PRICE S

HOMES SALES INCHING UPWARD Sales are year-to-date through June 2014, compared to the same period

Median sales prices through June 2014, compared to the same period in 2013.

in 2013.

1,153

(+2.4%)

+3.3% +2.3%

+0.1% 416

(+3.8%)

$180,000 $160,000 $140,000

193

$120,000

(+4.4%)

$100,000 $80,000 $60,000 $40,000 $20,000 0

Greenville

Spartanburg

SOURCE: S.C. Realtors

Western Upstate

Greenville

Spartanburg

Western Upstate

SOURCE: S.C. Realtors

SALES BY HOME VALUE

STATEWIDE HOME MARKET FACTS

Shows the percentage of sales by home prices. Figures are statewide.

Figures compare June 2014 stats to the same month in the prior year.

23.5% $100,000 and below

20.8% 19.4%

$100,001 to $150,000

3.9% increase in statewide listings of 59,904 5.7% drop in average days on market until sale at 116 days 95.8% of list price received, an increase of 0.4 percentage points SOURCE: S.C. Realtors

18.4%

$150,001 to $200,000

17.8%

MORE PEOPLE LOOKING TO SELL Figures show new listings in June over the past three years.

$200,001 to $300,000

$300,001 and above 8,517

9,162

9,837

2012

2013

2014

(+7.6%)

(+7.4%)

Homes valued above $300,000 posted the highest year-over-year growth at 14.8%

SOURCE: S.C. Realtors

MARKET FACTS | www.gsabusiness.com

SOURCE: S.C. Realtors


50

REAL ESTATE & CONSTRUCTION

A DIP IN COMMERCIAL CONSTRUCTION

Commercial construction permits issued in 2013, with year-over-year change and construction value, in the Upstate counties of Abbeville, Anderson, Greenville, Greenwood, Laurens, Oconee, Pickens and Spartanburg.

PICKENS

OCONEE

SPARTANBURG

386 PERMITS +47.9% CHANGE $95.8M VALUE

GREENVILLE

152 PERMITS +15.2% CHANGE $52.5M VALUE

572 PERMITS -2.7% CHANGE $161.0M VALUE

746 PERMITS -24.3% CHANGE $408.8M VALUE

ANDERSON

LAURENS

237 PERMITS -17.1% CHANGE $49.4M VALUE

2,261 total permits issued 8.6% fewer than 2012 $808.2M construction value

23 PERMITS -14.8% CHANGE $6.0M VALUE

ABBEVILLE 29 PERMITS +3.6% CHANGE $3.4M VALUE

GREENWOOD 116 PERMITS -29.7% CHANGE $31.4M VALUE SOURCE: The Market Edge

RESIDENTIAL CONSTRUCTION RISING IN MOST COUNTIES Value of private residential construction in 2013, compared to 2012

Construction value

$531,961,094

12% CHANGE 22% CHANGE

31% CHANGE

$147,173,033

$108,669,334

22% CHANGE

$3,732,364

Abbeville

59% CHANGE

28% CHANGE

$10,693,572

42% CHANGE

$85,987,982 $80,557,309

-33% CHANGE

$10,634,971

33% CHANGE

$2,960,841

70% CHANGE

$13,106,849

Anderson Cherokee Greenville Greenwood Laurens

Oconee

Pickens Spartanburg Union SOURCE: U.S. Census Bureau

MARKET FACTS | www.gsabusiness.com


52

REAL ESTATE & CONSTRUCTION

CONSTRUCTION JOBS IN S.C. (IN THOUSANDS) 45,800 fewer construction jobs

130

Though jobs in the construction sector have begun to rebound, they still lag well behind the high of 127,800 jobs in South Carolina in October 2006.

120

110

100

90

80

70

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Sources: Bureau of Labor Statistics

General Contractors Ranked by Dollar Value of Contracts in 2013 Company O'Neal Inc. 10 Falcon Crest Drive Greenville, SC 29607 KBR Building Group 201 E. McBee Ave., Suite 400 Greenville, SC 29601 Zirkelbach Construction 7 S. Laurens St., Suite 300 Greenville, SC 29601 Moss & Associates, Carolinas Division 429 Roper Mountain Road, Suite 100 Greenville, SC 29615 The Harper Corp. - General Contractors 35 W. Court St., Suite 400 Greenville, SC 29601 Roebuck Buildings Co. Inc. 3600 S. Church St. Ext. Roebuck, SC 29376 Yeargin Potter Shackelford Construction 121 Edinburgh Court Greenville, SC 29607 Mashburn Construction 20 Brozzini Court Greenville, SC 29615 Hogan Construction Group 127 Kiowa Lane Piedmont, SC 29673 Trehel Corp. 408 E. North St. Greenville, SC 29601 M.B. Kahn Construction Greenville Division 116 Old Standing Springs Road Greenville, SC 29605 Clayton Construction Co. Inc. 121 Venture Blvd. Spartanburg, SC 29306 Sherman Construction Co. 1330 Piedmont Highway Piedmont, SC 29673

Phone / Website Email

Contracts: Local Value / No. Employees

Areas of Specialization

Work Done Locally

Top Local Official(s) / Year Founded

864-298-2000 www.onealinc.com info@onealinc.com

$268,000,000 24

259

Engineering, procurement, construction of complex capital projects

30%

Kevin Bean, Judy Castleberry 1975

864-250-5000 www.kbrbuildinggroup.com

$225,644,815 8

75

Advanced manufacturing, commercial, mixed-use, health care, education

15%

Mac Carpenter, Tim Parker 1968

864-552-4004 www.zconstruction.com craig@zirkelbach.com

$78,000,000 21

45

5%

Alan P. Zirkelbach, Craig A. Zirkelbach 1996

864-254-9450 www.mosscm.com/carolinas

$69,000,000 2

18

60%

Joe Peer, Fred Fulmer, Don Warren 2010

$67,816,000 43

74

Industrial, health care, office, education, commercial, environmental

100%

Doug Harper, Rick Richardson, David P. Wise 1950

$51,000,000 27

65

Design-build, industrial, warehouse and distribution, office, religious

80%

Dean Anderson 1947

$49,000,000 17

48

Industrial, commercial, distribution, institutional, wellness, multifamily, church, designbuild

80%

R. Lynn Yeargin 1984

864-660-8528 www.mashburnconstruction.com

$46,000,000 35

38

Construction management, design-build, general contracting, pre-construction services

100%

Harry L. Mashburn, Paul Mashburn, Lee Mashburn Jr. 1976

864-272-1527 www.hoganconstructiongroup.com

$44,000,000 22

24

Commercial, cultural, education, local government, manufacturing, industrial, missioncritical construction

80%

Chris Bowen 1998

800-319-7006 www.trehel.com info@trehel.com

$42,500,000 26

56

Design-build, partnering, construction management, at-risk

90%

Will W. Huss Jr., Neal Workman 1982

864-277-9105 www.mbkahn.com jbrown@mbkahn.com

$41,500,000 9

42

Industrial, commercial, institutional

100%

Jim Heard, Neil Klein, Jack Brown 1973

864-576-1901 www.claytonconstruction.net

$29,000,000 110

30

Industrial, retail, institutional, churches, health care

60%

Harry Clayton 1981

864-277-0060 www.shermanconstruction.com info@shermanconstruction.com

$20,000,000 15

30

Recreational, institutional, health care, church, senior living, office, retail, renovation, general commercial

100%

Wayland Sherman, Andy Sherman, Kelly S. Ramirez 1961

864-527-2500 www.harpercorp.com dwise@harpercorp.com 864-576-6330 www.roebuckbuildings.com dh@rbcgc.com 864-232-1491 www.ypsconst.com rwess@ypsconst.com

Design-build, commercial, industrial, manufacturing, health care, medical, restaurant, retail, office, financial, educational, multifamily, senior living, hospitality, sports, historic renovation, interior upfit, distribution, renovation Design-build, manufacturing and industrial, food processing, pharmaceutical, research and development, airports, ports, education, entertainment, government, health care, justice, office, residential, and solar

INP=Information not provided. Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com or go to www.tinyurl.com/joinourlists.

MARKET FACTS | www.gsabusiness.com

Researched by GSA Business staff


54

REAL ESTATE & CONSTRUCTION

THE OFFICE REAL ESTATE MARKET Includes only multi-tenant buildings larger than 20,000 square feet that are non-owner occupied and non-medical use.

Greenville central business district

Greenville suburban

Spartanburg

$18.90 PER SQ FT

Total sq. ft

Total sq. ft

3.4M

$15.20

$16.16

PER SQ FT

Total sq. ft

PER SQ FT

4.2M

0.9M

Vacancy rate 16.1%

Vacancy rate 14.0%

Vacancy rate 20.5% SOURCE: NAI Earle Furman, first quarter market report

Commercial Real Estate Firms Ranked by $ Value of Sale and Lease Transactions in 2013 Company NAI Earle Furman 101 E. Washington St., Suite 400 Greenville, SC 29601 Johnson Development Associates Inc. 100 Dunbar St., Suite 400 Spartanburg, SC 29306 Berkshire Hathaway HomeServices C. Dan Joyner REALTORS 745 N. Pleasantburg Drive Greenville, SC 29607 Coldwell Banker Commercial Caine 117 Williams St. Greenville, SC 29601 Colliers International 201 E. McBee Ave., Suite 201 Greenville, SC 29601 Lee & Associates Greenville 105 E. North St., Suite 200 Greenville, SC 29601 Spencer/Hines Properties Inc. 380 S. Pine St. Spartanburg, SC 29302 M.S. Shore Co. Inc. 600 E. North St. Greenville, SC 29601 Cushman & Wakefield | Thalhimer 15 South Main St., Suite 925 Greenville, SC 29601 KDS Commercial Properties LLC 430 Woodruff Road, Suite 400 Greenville, SC 29607 Spectrum Commercial Properties LLC 135 S. Main St., Suite 800 Greenville, SC 29601 RealCap Inc. 1990 Augusta Street, Suite 204 Greenville, SC 29605 Keith-Evans Real Estate LLC 1525 Skylyn Drive Spartanburg, SC 29307

Phone / Website Email

Sales & Leases Value/ Properties Sold/Current Listings

Commercial Agents/Total Employees/ Upstate Offices

864-232-9040 www.naiearlefurman.com info@naiearlefurman.com 864-585-2000 www.johnsondevelopment.net info@johnsondevelopment.net

$195,800,000 478 752 $145,469,870 8 24

40 63 3 4 50 1

864-242-6650 www.cdanjoyner.com ecommerce@cdanjoyner.com

$60,000,000 200 150

14 350 9

864-250-2800 www.cbccaine.com info@cbcaine.com 864-297-4950 www.colliers.com/greenville gretchen.murdock@colliers.com 864-704-1040 www.lee-commercial.com lburnette@lee-associates.com 864-583-1001 www.spencerhines.com jorr@spencerhines.com 864-235-3898 www.msshore.com msshore@msshore.com 864-370-8155 www.thalhimer.com brian.young@thalhimer.com 864-242-4200 www.kdsproperties.com info@kdsproperties.com 864-335-3030 www.spectrumcarolinas.com Jack@SpectrumCarolinas.com 864-271-0898 www.realcap.com associates@realcap.com 864-596-0631 www.keith-evans.com kkeith@keith-evans.com

$46,998,779 130 148 $41,000,000 124 116 $32,853,889 135 221 $32,467,417 172 450 $30,000,000 60 100 $22,655,150 28 32 $13,279,350 24 82 $8,125,000 75 16 $7,500,000 5 8 $5,000,000 12 10

14 23 5 10 18 1 9 17 1 15 18 2 7 7 1 7 8 1 5 7 1 4 5 1 1 3 1 1 5 1

Types of Properties Sold/Leased

Top Local Official(s) / Year Founded

Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse

J. Earle Furman Jr. 1986

Flex, income-producing, industrial, land, multifamily, office, warehouse

George D. Johnson Jr., G. Garrett Scott, Foster Chapman 1986

Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse

C. Dan Joyner Jr., David Crigler, Matt Carter 1964

Industrial, land, multifamily, office, retail

F. Brad Halter Jr., Stephen D. Edgerton 1933

Agricultural, flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse

David M. Feild 1906

Flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, warehouse

P. Randall Bentley 2005

Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Agricultural, flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Flex, income-producing, industrial, land, multifamily, office, retail, warehouse, flex, health care, income-producing, industrial, land, multifamily, office, retail, warehouse Flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse Flex, health care, hotel, motel, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse, medical

Barry Lynn Spencer 1986

INP=Information not provided. Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com or go to www.tinyurl.com/joinourlists.

MARKET FACTS | www.gsabusiness.com

M.S. Shore 1985 Brian J. Young 1913 Michael W. Kiriakides, Larry A. Webb 2001 Jack L. Snedigar 2008

Agricultural, flex, hotel, motel, income-producing, industrial, land, office, restaurant, retail, warehouse

Mike Hall 1976

Agricultural, flex, health care, income-producing, industrial, land, multifamily, office, restaurant, retail, sports, entertainment, warehouse

Kim Keith 2004 Researched by GSA Business staff


56

BUSINESS RESOURCES

BUSINESS RESOURCES T

he Upstate has a number of organizations to help make the connections that drive business growth. Chambers of commerce help Upstate business owners and professionals with referrals to other local organizations and services that any small business owner or budding entrepreneur may need. They sponsor programs that support education, entrepreneurship, economic development and overall quality of life, among other efforts. These chambers also work with state and local leaders to develop and maintain policies that promote a positive business climate.

MARKET FACTS | www.gsabusiness.com

FAST FACTS

43%

»

MORE THAN 40% OF BUSINESSES IN SOUTH CAROLINA ARE OWNED BY WOMEN OR MINORITIES. PAGE 57

»9,983 CHAMBERS OF COMMERCE IN THE UPSTATE HAVE NEARLY 10,000 MEMBERS. PAGE 58


BUSINESS RESOURCES

BUSINESS DIVERSITY Of 360,397 businesses in South Carolina, 43% are owned by minorities or women. Stats for women-owned firms include businesses owned by other minority groups (at right).

HELPING HANDS

Many federal, state and local agencies have established programs to assist minority-owned businesses. Here are a few of the larger ones.

1.8%

Asian-owned

12.1%

Black-owned

57

1.7%

Hispanic-owned

0.5%

American-Indian owned

S.C. Governorâ&#x20AC;&#x2122;s Office of Small & Minority Business Assistance 1205 Pendleton St., Suite 474 Columbia, S.C. 29201 803-734-5010 Minority Business Development Agency (Division of the U.S. Department of Commerce) 1515 Richland St., Suite C Columbia, S.C. 29201 803-743-1143 Carolinas Minority Supplier Development Council 5624 Executive Center Drive, Suite 106 Charlotte, N.C. 28212 704-536-2884

27.6%

Women-owned

56.3%

Not minority-owned SOURCE: U.S. Census Bureau

www.gsabusiness.com | MARKET FACTS


58

BUSINESS RESOURCES

Chambers of Commerce Chambers in the Upstate, Ranked by No. of Members Phone / Website Email

Members / Employees / Volunteers

Mission / Description

864-242-1050 www.greenvillechamber.org info@greenvillechamber.org

2,400 25 750

864-594-5000 www.spartanburgchamber.com spartanburgchamber@spartanburgchamber.com

Geographic Coverage

Top Local Official(s) / Year Founded

To build the premier business community in the world by leading through collaboration, building community prosperity, being the voice of business and enhancing the quality of life

Greenville County, Upstate

F. Ben Haskew 1879

1,150 20 500

To enhance and continually improve the business climate and quality of life for Spartanburg County

Upstate

Carter Smith, Allen Smith 1919

864-325-7052 www.mainstreetchambergreenville.org karen@mainstreetchamber.org

1,000 2 15

To provide interactive connections and opportunities that advance small business growth and profitability

Greenville County

Karen E. Sturkie, Lisa W. McGill 2010

Anderson Area Chamber of Commerce 907 N. Main St., Suite 200 Anderson, SC 29621

864-226-3454 www.andersonscchamber.com info@andersonscchamber.com

850 7 30

To strengthen the community by identifying needs, problems and opportunities and develop programs to solve those problems and satisfy the needs

Anderson

Lee R. Luff 1899

Greater Greer Chamber of Commerce 111 Trade St. Greer, SC 29651

864-877-3131 www.greerchamber.com info@greerchamber.com

711 7 250

To champion economic prosperity for its members and the greater Greer community

Greater Greer

Kenneth M. Harper 1937

Greenwood Area Chamber of Commerce 110 Phoenix St. Greenwood, SC 29646

864-223-8431 www.greenwoodscchamber.org info@greenwoodscchamber.org

615 5 150

To serve as a champion for business and as an advocate for the community, thus strengthening and developing the economic climate

Greater Greenwood area

Angelle R. LaBorde 1914

Laurens County Chamber of Commerce 291 Professional Park Road Clinton, SC 29325

864-833-2716 www.laurenscounty.org galexander@laurenscounty.org

500 3 350

To work toward continually upgrading of the quality of life factors in the service area

Laurens County

Greg Alexander 1978

Greater Easley Chamber of Commerce 2001 E. Main St. Easley, SC 29641

864-859-2693 www.easleychamber.org ecc@easleychamber.org

430 3 80

Powdersville To promote an ideal business environment, encouraging growth and community Easley, and surrounding development by continuously improving the quality of life in the greater Easley area areas

Cynthia Hopkins 1935

864-297-1323 www.mauldinchamber.org info@mauldinchamber.org

400 4 100

To promote, develop, encourage and profit the commercial, professional, financial and general business interest of the city of Mauldin

City of Mauldin

Patricia Pomeroy 1982

Simpsonville Area Chamber of Commerce 211 N. Main St. Simpsonville, SC 29681

864-963-3781 www.simpsonvillechamber.com info@simpsonvillechamber.com

350 3 50

To provide leadership and advocacy in order to unite and improve the local business community

Simpsonville area

Hoyt Bynum Jr. 1980

Cherokee County Chamber of Commerce 225 S. Limestone St. Gaffney, SC 29340

864-489-5721 www.cherokeechamber.org info@cherokeechamber.org

325 3 0

To be a nonpolitical and nonpartisan advocate for the free enterprise system by promoting the growth of business, industry and community

Cherokee County

Chris Binnicker 1947

Greater Oconee County Chamber of Commerce 135-C Eagles Nest Drive Seneca, SC 29678

864-882-2097 www.oconeechambersc.com info@oconeechambersc.com

300 2 2

To promote business, education and tourism for the betterment of our members and the community

Greater Oconee County

Jillian Lusk 1906

Fountain Inn Chamber of Commerce 102 Depot St. Fountain Inn, SC 29644

864-862-2586 www.FountainInnChamber.org info@fountaininnchamber.org

293 2 9

To be an advocate for business, to promote business alliances, to provide valuable benefits and services to our members and to be a partner with economic development efforts in Fountain Inn and surrounding vicinities

Upstate S.C., including Greenville and Laurens counties

John R. Hastings Sr. 1954

Clemson Area Chamber of Commerce 1105 Tiger Blvd. Clemson, SC 29631

864-654-1200 www.clemsonchamber.com chris@clemsonchamber.org

270 3 20

To promote economic vitality and a favorable business climate while protecting and improving the region's quality of life

Clemson area

Neil Monaghan 1981

S.C. Hispanic Chamber of Commerce 714 Pettigru St., Suite C Greenville, SC 29601

864-643-7261 www.schcc.org INP

265 0 10

To promote and support the advancement of the economic growth of Hispanic businesses in South Carolina

Statewide

Evelyn Lugo 2007

Union County Chamber of Commerce 135 W. Main St. Union, SC 29379

864-427-9039 www.unionsc.info torance@unionsc.com

210 2 3

To advocate for the growth and prosperity of new and existing business in order to enhance the quality of life for all Union citizens

Union County

Torance Inman 1924

864-878-3258 www.pickenschamber.net info@pickenschamber.net

125 1 9

To enhance and improve the business climate and quality of life in the city of Pickens and in the surrounding region

City of Pickens and surrounding region

Mike Parrott 1978

864-543-2047 www.96chamberofcommerce.com 96chamber@gmail.com

120 1 12

To improve our community's economy and quality of life by helping businesses prosper and grow; working to increase job opportunities; and encouraging our neighbors to shop locally

Greater Ninety Six area and lower Lake Greenwood

Julie McCary, Pamela Alford 1958

864-647-5316 www.westminstersc.com wcoc@nuvox.net

120 1 20

Greater Walhalla Chamber of Commerce 105 W. South Broad St. Walhalla, SC 29691

864-638-2727 www.walhallachamber.com info@walhallachamber.com

119 1 24

To promote the business, civic, social and cultural growth of the community

Walhalla, West Union, Mountain Rest, Salem

Vanessa Penton 1976

Greater Inman Area Chamber of Commerce 3 Bishop St. Inman, SC 29349

864-472-3654 www.inmanscchamber.org INP

85 0 INP

To provide leadership in the Inman area that supports the existing business community and promotes economic development while preserving the traditions, personality and heritage of Inman

Greater Inman area

David Grayshock, Teri Newmark 1985

Greater Abbeville Chamber of Commerce 107 Court Square Abbeville, SC 29620

864-366-4600 www.visitabbevillesc.com abvchamber@wctel.net

INP INP INP

To serve as an advocate for its members by providing a forum for networking, helping identify economic development needs and advertising opportunities, promoting tourism, working to develop community leaders, and serving as a catalyst for improving the overall quality of life in our community prompting further business development

Abbeville County

Meg Davis 1982

Chamber Greenville Chamber of Commerce 24 Cleveland St. Greenville, SC 29601 Spartanburg Area Chamber of Commerce 105 N. Pine St. Spartanburg, SC 29302 MainStreetChamber-Greenville 414 Cherokee Drive Greenville, SC 29615

Mauldin Chamber of Commerce 101 E. Butler Road Mauldin, SC 29662

Greater Pickens Chamber of Commerce 222 W. Main St. Pickens, SC 29671 Ninety Six Chamber of Commerce 97 Main St. E. Ninety Six, SC 29666 Westminster Chamber of Commerce 135 E. Main St. Westminster, SC 29693

City of Westminster To advance the economic, industrial, professional, cultural, and civic welfare of the and surrounding Westminster area areas from Fair Play to Long Creek

INP=Information not provided. Because of space constraints, only the top-ranked companies are printed. For a full list of participating companies, visit www.scbiznews.com/data. Although every effort is made to ensure accuracy, errors sometimes occur. Email additions or corrections to lists@scbiznews.com, fax to 803-726-7404 or go to www.tinyurl.com/joinourlists.

MARKET FACTS | www.gsabusiness.com

Sandra B. Powell 1985

Researched by GSA Business staff


60

BUSINESS RESOURCES S.C. CONSTITUTIONAL OFFICERS S.C. Governor Nikki R. Haley 803-734-2100 www.governor.sc.gov

Lieutenant Governor J. Yancey McGill 803-734-2080 ltgovernor@scstatehouse.gov www.ltgov.sc.gov Secretary of State Mark Hammond 803-734-2170 rdaggerhart@sos.sc.gov www.scsos.com State Treasurer Curtis M. Loftis Jr. 803-734-2016 treasurer@sto.sc.gov www.state.sc.us/treas State Superintendent of Education Mick Zais 803-734-8492 scsupted@ed.sc.gov www.ed.sc.gov/agency/superintendent Adjutant General Maj. Gen. Bob Livingston, adjutant general 843-789-0853 www.scguard.com Commissioner of Agriculture Hugh E. Weathers 803-734-2210 hweathe@scda.sc.gov www.agrictulture.sc.gov Attorney General M. Alan Wilson 803-734-3970 info@scattorneygeneral.org www.scattorneygeneral.org Comptroller General Richard Eckstrom 803-734-2121 cgoffice@cg.sc.us www.cg.sc.gov

UPSTATE’S CONGRESSIONAL REPRESENTATION U.S. Senate Lindsey Graham (R) www.lgraham.senate.gov 864-250-1417 Tim Scott (R) www.scott.senate.gov 864-271-8901 U.S. House of Representatives Jeff Duncan (R) 3rd Congressional District: Abbeville, Anderson, Greenwood, Laurens, Oconee, Pickens counties http://jeffduncan.house.gov 864-224-7401 Trey Gowdy (R) 4th Congressional District: Greenville, Laurens, Spartanburg, Union counties www.gowdy.house.gov 864-241-0175

MARKET FACTS | www.gsabusiness.com

Mick Mulvaney (R) 5th Congressional District: Cherokee County www.mulvaney.house.gov 864-206-6004

William R. “Bill” Whitmire (R) District 1: Oconee County 803-734-3068

Daniel P. “Dan” Hamilton (R) District 20: Greenville County 803-212-6795

To contact senators, visit www.scstatehouse. gov/member.php?chamber=S

William E. “Bill” Sandifer (R) District 2: Oconee and Pickens Counties 803-734-3015

Phyllis Henderson (R) District 21: Greenville County 803-212-6883

Thomas C. Alexander (R) District 1: Oconee and Pickens Counties 803-252-0845

B.R. Skelton (R) District 3: Pickens County 803-734-3036

Larry Martin (R) District 2: Pickens County 803-212-6610

David R. Hiott (R) District 4: Pickens County 803-734-3036

Kevin Bryant (R) District 3: Anderson County 803-212-6320

Phillip D. “Phil” Owens (R) District 5: Pickens County 803-734-3053

William H. O’Dell (R) District 4: Abbeville, Anderson and Greenwood Counties 803-212-6350

W. Brian White (R) District 6: Anderson County 803-734-3144

Thomas D. “Tom” Corbin (R) District 5: Greenville and Spartanburg Counties 803-212-6100

Michael Gambrell (R) District 7: Abbeville and Anderson Counties 803-734-2947

Michael Fair (R) District 6: Greenville County 803-212-6420

Don Bowen (R) District 8: Anderson County 803-734-3038

Karl B. Allen (D) District 7: Greenville County 803-212-6040

Anne Thayer (R) District 9: Anderson County 803-212-6889

S.C. SENATE

Ross Turner (R) District 8: Greenvile County 803-212-6148 Daniel B. “Dan” Verdin, III (R) District 9: Greenville and Laurens Counties 803-212-6230 Floyd Nicholson (D) District 10: Abbeville. and Greenwood Counties 803-212-6000

Joshua Putnam (R) District 10: Anderson, Greenville and Pickens Counties 803-212-6931 Craig Gagnon (R) District 11: Abbeville and Anderson Counties 803-212-6934

Wendy K. Nanney (R) District 22: Greenville County 803-212-6877 Chandra Dillard (D) District 23: Greenville County 803-212-6791 Bruce Bannister (R) District 24: Greenville County 803-734-3138 Leola Robinson-Simpson (D) District 25: Greenville County 803-734-3138 Garry R. Smith (R) District 27: Greenville County 803-734-3141 Eric M. Bedingfield (R) District 28: Greenville County 803-734-2962 Dennis Moss (R) District 29: Cherokee County 803-734-3073 V. Stephen “Steve” Moss (R) District 30: Cherokee County 803-212-6885 Harold Mitchell, Jr. (D) District 31: Spartanburg County 803-734-6638 J. Derham Cole, Jr. (R) District 32: Spartanburg County 803-212-6790

J. Anne Parks (D) District 12: Greenwood County 803-734-3069

Edward R. “Eddie” Tallon, Sr. (R) District 33: Spartanburg County 803-212-6893

R. Shannon Riley (R) District 13: Greenwood County 803-212-6939

P. Michael “Mike” Forrester (R) District 34: Spartanburg County 803-212-6792

Michael A. Pitts (R) District 14: Greenwood and Laurens Counties 803-734-2830

William M. “Bill” Chumley (R) District 35: Greenville and Spartanburg Counties 803-212-6894

Mark N. Willis (R) District 16: Greenville and Laurens Counties 803-212-6882

Merita “Rita” Allison (R) District 36: Greenville and Spartanburg Counties 803-212-6788

James Mikell “Mike” Burns (R) District 17: Greenville County 803-212-6891

Donna Hicks Wood (R) District 37: Spartanburg County 803-212-6792

Ronnie W. Cromer (R) District 18: Union County 803-212-6330

Tommy Stringer (R) District 18: Greenville County 803-212-6881

Norman D. “Doug” Brannon (R) District 38: Spartanburg County 803-212-6876

S.C. HOUSE OF REPRESENTATIVES

Dwight Loftis (R) District 19: Greenville County 803-734-3101

Michael A. Anthony (D) District 42: Spartanburg and Union Counties 803-734-3060

Glenn G. Reese (D) District 11: Spartanburg County 803-212-6108 Lee Bright (R) District 12: Greenville and Spartanburg Counties 803-212-6008 Shane R. Martin (R) District 13: Greenville, Spartanburg and Union Counties 803-212-6100 Harvey Peeler (R) District 14: Cherokee, Spartanburg, Union Counties 803-212-6430

To contact representatives, visit www.scstatehouse.gov/member.php?chamber=H


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