Category Archives: CHS Jobs/Economy
Economic News for CHS
After recent wins such as Volvo and Mercedes and Boeing, Charleston remains strong as a choice for new manufacturing according to a national industrial site selection expert; among CHS’ strengths:
- Trident Technical College collaboration with the private sector and the nation’s best workforce training programs
- Low taxes and less regulation interference
- Quality of life
- Right-To-Work state, with only 2.1% workers unionized
Charleston ranked #3 among 24 “hot-manufacturing markets” studied by Princeton, NJ-based The Boyd Co. that studies site selection opportunities for companies nationwide.
Another Boeing supplier, Safran Landing Systems, is investing $7M in the region and hiring about 15 new jobs as they supply wheels and brakes for the main landing gear. David Wren has the article here for The Post and Courier.
The Post and Courier provided a year-end 2016 overview. Some highlights:
- Update on Mercedes-Benz $500M plant that will hire 1,300 to build the Sprinter vans in Palmetto Commerce Park on a plant that will cover 75 football fields, plus the new Volvo plant in Berkeley Count
- Boeing opened its 787 DreamLiner paint hangar of 360,000 SF that can paint two jets at the same time
- Travel + Leisure praised the city again – voting it the world’s best city while Conde Nast Traveler readers voted it the friendliest city in the world
- Over 16,200 home sales thru November, plus about 5,500 apartment units under construction with rents rising 3.3% (to $1,113) and occupancy at a stellar 94.4%
- New grocery retailers in the metro area include a new Fresh Market, a new Lowes Foods, both in Summerville, and Germany’s Lidl planning a site in Goose Creek
- Blackbaud began construction on its new 360k SF headquarters in a new $154M campus for the software maker where it will hire an additional 300 over the next five years
- AT&T and Home Telecom will provide gigabit speed Internet in some suburban areas
The Post and Courier highlighted the local economy’s 2016 headlines in a single article; among the highlights:
- Update on dredging of CHS harbor with the start of a single dollar from President Trump
- Boeing’s new 787-10, made exclusively in N CHS, will be a major focus of the manufacturer forward as the larger plane replaces the shorter version 787-8 made in Seattle
- More changes at CHS airport with a focus on parking to handle the increased volume
- A strong housing outlook to handle the 35 newcomers a day moving to the region
- A tightening labor market amid the 3.4% unemployment rate, the lowest since 2000
- New retailers including member-clubs such as our first BJ’s Wholesale, a Costco in Mount Pleasant, the region’s second, and another Sam’s Club, this one in Summerville
- More hotels, including the new Hotel Bennett at Marion Square downtown with rooms starting at $500/night, and another dozen hotels approved or under construction – just on the downtown Peninsula
The Post and Courier noted that WalletHub’s list of cities that have seen the best recovery since the Great Recession ranked N CHS at #21 nationally, of 505 cities across the US based on 18 key economic indicators. Only the city of Charleston (#27) and Columbia (#84) made the list from SC.
Boeing, BMW, Volvo, Mercedes, a successful inland port, new rail access, and some 1M containers a year are all creating the need for new warehouses and developers are listening and building. David Wren has the story here for The Post and Courier.
With linkage to the Port of CHS, large European company ThyssenKrupp will open a 39,000 SF distribution center in Palmetto Commerce Park in North Charleston. David Wren has the announcement here.
Rural Berkeley County will get 200 more jobs, thanks to a local tire recycler and a Chinese chemical company. David Wren has the story here.
Blackbaud is adding more jobs, this time another 300 slots, to its already 3,100 jobs in the region. In the Fall, they will begin building a $154M, 360,000 SF office building that will open in 2018 near its headquarters campus on Daniel Island. That’s the biggest employment announcement since Volvo announced its $500M manufacturing plant in 2015, shortly after Mercedes announced a similar investment to build Sprinter vans expansion. Thad Moore has the story about Blackbaud here for The Post and Courier.