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Economic Growth

Carolina Services, Inc. Supply And Demand Trends

Supply and Demand Trends That Could Impact Your Small Business

By Charleston, Charleston Office Market, commercial construction, commercial development, Construction, Economic Growth, Manufacturing

Do you think keeping up with supply and demand trends isn’t necessary for you? Think again! Almost half (45%) of American businesses are struggling with supplier delays right now. If you’re not among that half, then you can expect to feel the repercussions soon. Experts estimate the global supply chain problems will only get worse as we head into 2022. If you’re not keeping up with supply and demand trends, then you should be. Why? They’ll impact your business in one way…

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employee take a break relax

You Deserve to Take a Break Today!

By Charleston, Charleston Office Market, Charleston SC, Commercial Space, Economic Growth

Working eight hours or more day after day can be mentally and physically challenging. Whether you work outside doing manual labor, have to stand on your feet all day, or are anchored to a desk, it’s vital that you take breaks for the sake of your health. And, when you supervise people that do these jobs, it’s just as important to encourage them to take some time-outs. Study Shows Correlation Between Employee Engagement and Breaks Working your staff to the…

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business people discussing trends on laptop screen

Business Trends to Expect in 2021

By Economic Growth

One of the words that likely comes to mind when thinking about the past year is “disruption,” and not in a positive way. No one expected the changes that the last year have brought, and some businesses have fared better than others.  But 2021 is a new year, and with it comes the opportunity to rejuvenate your business or take it in a new and exciting direction. Here are a few of the top business trends that can help you…

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CharlesCharleston, South Carolina, USA historic French Quarter skyline.otn South

Charleston’s Historic Optimism Shows in New Building Projects

By Charleston, Charleston Office Market, Charleston SC, Commercial Space, Construction, Economic Growth

The past year has been anything but ordinary for the country and the residents of South Carolina. But, that doesn’t mean progress has come to a halt. In fact, many new building projects have been announced in the past year, including some exciting commercial space expansions. One such project in the downtown Charleston area is well underway.  Office & Retail Project in Progress – 741 Meeting Street A project at 741 Meeting Street has broken ground and will bring plenty of new…

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Winner Champion Trophy Placed On Hand Raised Holding For Award O

Fastest Growing Companies in SC Among State’s Top Businesses

By Economic Growth, SC

2020 might have been completely out of the ordinary in some respects. But that hasn’t stopped many companies from finding ways to continue serving the needs of their customers! Each year, a group sponsors this ongoing competition among the state’s fastest-growing businesses.  The primary sponsors include The Capital Corporation, Integrated Media Publishing, and KeenanSuggs|HUB Insurance. Anyone can nominate a company, but there are specific criteria for winners. To be considered, a company must: Be headquartered in South Carolina Have operated…

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Hanahan pinned on a map of South Carolina, USA

Coming Soon! Hanahan Boardwalk Construction Breaks Ground

By Charleston, Charleston SC, Economic Growth, Tourism

The city of Hanahan will be getting a new boardwalk to connect the Hanahan Amphitheater and the Bettis Boat Landing. When the project is complete, it promises to bring new opportunities for businesses and residents of the area.  New Hanahan Boardwalk Construction is Underway After some initial delays, there is now plenty of progress underway on the new Hanahan boardwalk project. According to City Administrator Mike Cochran, the plans for the project were first proposed in 2018. But there was a…

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Happy staff holding a throphy, excited for their busines achievements. Celebrating company success. Office meeting scenario.

5 Tips for Motivating Your Staff

By Charleston SC, commercial real estate, Economic Growth

Motivating your staff is vital to the success of your business. When your team responds positively and puts its best efforts forward, you’ll have an organization that is characterized by excellent performance and growth.  There’s a common misconception that the best way to motivate people is with cash. Compensation helps, but employees want to feel valued and appreciated above anything else. Here are some of the top ways you can keep your staff motivated and increase your business results.  Tips…

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South Carolina’s Industrial Market Remains Robust in 2019

South Carolina’s Industrial Market Remains Robust in 2019

By Charleston SC, commercial construction, Economic Growth, Industrial Property, Manufacturing

Collier’s “2019 Research & Forecast Industrial Report” shows demand is high throughout the state of South Carolina in the industrial market.  South Carolina’s industrial properties absorbed 4.81 million square feet, and the industrial market is expected to remain strong with a steady demand throughout 2019.  There are 13.37 million square feet of industrial properties under construction which will provide quality space to the market at increased rental rates, according to the report. Market Indicators Are Strong Accessibility to domestic and…

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Population Growth Soars by Nearly 63,000 in the Palmetto State

Population Growth Soars by Nearly 63,000 in the Palmetto State

By Economic Growth, SC

The Palmetto State continues to be one of the fastest-growing regions in the country. In fact, nearly 63,000 people moved to South Carolina in the last year! Some areas of South Carolina have seen slower population growth while other counties – including Horry and Berkeley – have new residents pouring in.  Counties adjacent to Charlotte and Spartanburg have also seen a big influx of new residents.  The new population growth raised the state’s population to just over 5 million people….

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New Tax Law Opportunity Zones Promote Investment in Economically Distressed Areas

New Tax Law Opportunity Zones Promote Investment in Economically Distressed Areas

By commercial development, commercial real estate, Economic Growth

The new tax law passed in 2018 provides commercial real estate investment opportunities with the establishment of new regulations that permit Opportunity Zones.  South Carolina Senator Tim Scott and U.S. Representative Ron Kind (D-WI) were promoters of the concept. They helped push through the legislation, which gained bipartisan support from both Houses of Congress.  The creation of Opportunity Zones was a part of the 2017 Tax Cuts and Jobs Act. The goal is to promote investment in regions of the…

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