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Economic Growth

economic growth

Chamber Focuses on Infrastructure — SC Economic Growth

By Economic Growth

According to the Charleston Regional Business Journal, South Carolina’s Chamber of Commerce is once again focusing on funding infrastructure in the Palmetto State. Infrastructure at the top of the funding list includes crucial roads and bridges in the Charleston area. This focus is intended to help keep up with SC economic growth. The Charleston Chamber reports that the “South Carolina House of Representatives passed the ‘South Carolina Infrastructure Finance Reform and Tax Relief Act’ by a vote of 87-20.” The…

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sc economy

Construction Industry Helps SC Economy

By Construction, Economic Growth

Charleston’s Post and Courier reports that economists from The University of South Carolina are claiming that the Palmetto State is officially out of the economic recession. USC economists Doug Woodward and Joseph Von Nessen told The Post and Courier that the SC economy has largely benefitted from its emphasis on manufacturing. They point out that manufacturing has been a strong suit for South Carolina over many decades but that another industry stepped up in 2015 to bring the state out of the recession. Construction…

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sc economic growth

SC Economic Growth Continues to Climb

By Economic Growth

According to the Charleston Regional Business Journal, South Carolina’s economy is continuing to grow. Citing a report from the S.C. Board of Economic Advisors, the Journal states that South Carolina’s revenue forecast has increased by $343.1 million to $7.9 billion for this fiscal year. Increased Employment & Consumer Spending Leads to SC Economic Growth S.C. Board of Economic Advisors Chairman Chad Waldorf credits strong employment growth and increased consumer spending as primary factors in SC economic growth, according to the Journal….

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Charleston, SC Economic Growth

Port Increases Generate Charleston, SC Economic Growth

By Commercial Space, Economic Growth, Space Planning

After several years of repeated volume growth, Charleston, SC’s port increased its container volume by 14% during the 2015 fiscal year. This is a near-record level for the SC port. And, Charleston’s Post & Courier reports, more contracts with container ships have been made for the year ahead. Middle Eastern companies, such as the United Arab Shipping Company, as well as Asian companies have struck new partnerships with the Charleston port, allowing even more revenue to stream into the Lowcountry….

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Charleston, SC Economic Growth

Charleston, SC Economic Growth Brings Need for Increased Commercial Construction

By Commercial Space, Construction, Economic Growth, Space Planning

Charleston, SC has long been a city that has attracted new residents, but recently it has been growing at a much faster rate, and experts predict that this growth is only going to increase. The New York Times referred to Charleston in this season as “enjoying a robust economy and one of the most transformative regional population booms since the Civil War.” And the Charleston Metro Chamber of Commerce is also predicting a very positive economic turn for the area,…

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