Charleston Regional Development Alliance

Berkeley, Charleston & Dorchester Counties

Printed from www.crda.org

Local News

 Please Select Your Area of Interest
Intertex Transloading Services, Inc. establishes Berkeley County facility
Oct. 29, 2014
South Carolina Department of Commerce
A company specializing in the distribution of synthetic rubber, carbon black and process oils is opening a facility in Berkeley County. Intertex World Resources, Inc. is investing $3.2 million to establish Intertex Transloading Services, Inc. in Moncks Corner, S.C. The investment is expected to create 10 local jobs.
Today the SC Ports Authority received the first ship call of a new consolidated East Coast South America service that brings additional post-Panamax vessels to Charleston.
In its 11th Annual Wage & Job Growth Survey, the Charleston Digital Corridor is pleased to report an average wage of $70,084 for participating local knowledge-based companies. Beyond the strong wage number, 89% of these companies reported hiring staff in 2014.
Showa Denko celebrates major expansion
Oct. 15, 2014
The Summerville Journal Scene
More than 200 gathered on Oct. 10 to celebrate a major expansion at Showa Denko Carbon, LLC, in Ridgeville.
Profile of the Charleston | SC | USA Aerospace Cluster
Oct. 14, 2014
Aerospace Manufacturing and Design
The Charleston tri-county region (Berkeley, Charleston, and Dorchester) has the highest concentration of aerospace employment of any of the eight regions in the state.
French high-voltage cablemaker Nexans officially opened an $85 million facility on the Cooper River in Berkeley County in Bushy Park Industrial Complex on Wednesday, while Japan-based Showa Denko Carbon on Friday celebrated a $300 million expansion of its 31-year-old factory near Ridgeville in Dorchester County.
Nexans hopes to double capacity at high-voltage plant
Oct. 9, 2014
Charleston Regional Business Journal
Nexans produces high-voltage power cables that are used underground and under the sea. The Bushy Park location has rail, barge and truck access, which will help the company distribute the tons of high-voltage cabling to customers on gigantic steel spools.
USA Today video covers Boeing's Charleston expansion of the new Research and Technology Center focused on advanced manufacturing technology and composite fuselage manufacturing.
Boeing to open R&D Center by the end of the year
Sep. 23, 2014
Charleston Regional Business Journal
The Boeing Co. has confirmed its lease agreement for 100,000 square feet of office and lab space for a new research and technology center in North Charleston.
Magazine ranks S.C. No. 3 to do business
Sep. 16, 2014
Columbia Regional Business Report
Area Development, a publication covering site selection and facility planning, ranked South Carolina No. 3 in its “2014 Top States for Doing Business” survey of leading location consultants. Neighboring Georgia claimed first place while Texas finished second in the rankings. South Carolina was followed by Alabama, Tennessee, Louisiana, Indiana, North Carolina, Ohio, and Mississippi, in that order.
TorqTek Design and Manufacturing expanding Charleston County facility
Sep. 9, 2014
South Carolina Department of Commerce
TorqTek Design and Manufacturing, LLC, a supplier of timing gears to automotive manufacturers, is expanding its North Charleston facility. The $12 million investment is expected to create 50 new jobs.
As numbers go, this is a good one. Since 2007 Charleston, S.C. has seen a 300% increase in aerospace jobs. The annual economic impact is between $17.4 billion and $22. 5 billion. There are 17,114 people working at 466 private aerospace firms. The largest employer is Boeing at 8,267.
Charleston, S.C., was named the friendliest city and recognized for its culture, history, natural beauty, and food scene, the magazine said in its 2014 Readers' Choice Awards. Charleston earned top honors last year as well.
Boeing to build 787-10 in North Charleston
Jul. 30, 2014
The Post & Courier
Boeing Co. will build the 787-10 Dreamliner exclusively at its non-unionized plant in North Charleston, the Chicago-based aerospace giant announced Wednesday.
SpecChem to open manufacturing facility in Dorchester County
Jul. 30, 2014
South Carolina Department of Commerce
SpecChem to open manufacturing facility in Dorchester County with a $5.5 million investment expected to create 50 new jobs.
Summerville boat builder to add 150 jobs
Jul. 18, 2014
The Post & Courier
Sportsman Boats Manufacturing will more than double the size of its facility and create 150 jobs to support its saltwater fishing boat line in Dorchester County.
Senior Aerospace AMT to open satellite operations in Charleston County
Jul. 10, 2014
South Carolina Department of Commerce
Senior Aerospace AMT, a manufacturer of structural parts for leading original equipment manufacturers (OEMs) in the large commercial jet market, will be opening satellite operations in Charleston County, creating 60 new skilled jobs.
JBE Inc. to expand into Berkeley County
Jun. 24, 2014
South Carolina Department of Commerce
JBE, Inc., a supplier to the automotive, aerospace, and industrial electrical industries, today announced its decision to expand into the city of Hanahan in Berkeley County. The investment is expected to create approximately 20 new jobs in the region.
New World Pharmaceuticals, LLC, a privately-held specialty pharmaceutical company, and sister company New World Consumer Products, LLC, a producer of scientifically-advanced products and supplements, announced today they will be locating their headquarters in Charleston County. The companies expect to invest more than $21 million and create more than 38 new jobs over the next five years.
Area Development analyzes economic and workforce data for 379 MSAs, producing a snapshot of the cities across America that are poised to capitalize on the new potential for economic growth as the United States leaves the recession behind. The Charleston region ranked 22nd among the 379 MSAs in the US and 3rd in the Southeast.
Pacific Rim Aerospace opens Charleston County office
May 28, 2014
South Carolina Department of Commerce
Pacific Rim Aerospace (PacRim), a provider of solutions for aerospace engineering applications, has established an office in Charleston County, allowing for more direct support of its customers in the growing aerospace sector of the Southeast region. PacRim expects to create at least 100 jobs in the area in the coming years.
Angel investment tax credits go unused
May 20, 2014
GSA Business
The S.C. Department of Revenue approved 15% of $5 million in available income tax credits for angel investors who invested in S.C. small businesses. Of the $769,000 awarded in the past year, Charleston county has accounted for 3 received and approved applications totaling $105,000.
Focus on education is essential in building the workforce needed for the growing Charleston region. A higher education subcommittee on Wednesday unanimously approved the measure to establish the University of Charleston as a means of meeting the technical needs of a changing economy.
Scout Boats Inc. to create 300 jobs with Dorchester County facility expansion
May 13, 2014
South Carolina Department of Commerce
Scout Boats Inc., a manufacturer of sport fishing boats, is expanding its Dorchester County facility in response to increased customer demand - both domestically and overseas. The company's $2.5 million investment is expected to create 300 jobs.
Aeterna Zentaris selects Charleston County for new US operations
May 5, 2014
South Carolina Department of Commerce
Aeterna Zentaris Inc., a specialty biopharmaceutical company developing novel treatments in oncology and endocrinology, has selected Charleston County for the company's newest North American business and global commercial operations. The $1 million investment is expected to create 60 new jobs.
The Charleston Regional Development Alliance (CRDA) is pleased to welcome Michael J. Graney as the organization’s new Vice President, Global Business Development and Kayla Boyter as the new Marketing Services Manager.
Charleston now teems with college-educated young people, 20- and 30-somethings who have come for the jobs and stayed for the lifestyle. New bars and restaurants seem to open weekly. Average commute times hover around 10 minutes. At the gas station on the way home, you can fill your growler with craft-brewed beer. This is a new kind of city, born of deep demographic shifts and the power of technology. Where traditional college towns have long attracted young people who get an education and then leave, another kind of town is emerging: the post-college town.
Take a look at how Charleston businesses are putting a spin on the boring old cubicle and creating a swanky office space environment. Featured companies include: BoomTownROI, Blue Ion, PeopleMatter, Fuzzco, Charleston Digital Corridor, Blackbaud and SIB Development & Consulting.
It’s safe to say we’re in the midst of a global real estate bull market. Which means that now is the time to consider purchasing a pied-a-terre in Paris or Monaco, or maybe a row house in Charleston or a condo in Los Angeles. Alexa Luxe Living scoured the planet for the hottest markets for New York buyers, and found 20 destinations heating up the globe.
A big Fortune 500 business is adding some lift to the region's aviation industry. Textron Inc. announced a new corporate identity for its Berkeley County unit after combining it with two recently acquired companies: Mechtronix Inc. of Montreal and Opinicus Corp of Lutz, Fla. The new name is TRU Simulation + Training Inc. The business is expected to generate annual revenue of more than $100 million.
Aerospace companies are taking a cue from the auto industry and moving their manufacturing operations to Southern states. Between 2007 to 2012, aerospace jobs in South Carolina jumped by more than 600 percent over that time period, from 865 workers to 5,685 workers.
A new transportation spending plan for the three-county Charleston region will address capacity improvements, and includes not-yet-designed improvements at interchanges, as well as re-configuring of on- and off-ramps for I-526.
Boeing supplier, Kaman Engineering Services, announced it is opening a new office in the Charleston region at the Clemson University Restoration Institute in North Charleston.
Boeing engineers shared their experiences with 8th grade students on Wednesday. Students learned what an engineer does, examples of engineering and the rewards a career in the field can bring.
More than half the adults who moved to Charleston from other states in recent years were college graduates, helping boost the region's rate of educational attainment well above the state and national averages.
Led by several Charleston area firms, South Carolina hauled in $3.35 billion in capital investments from industry in 2013, an amount that eventually will translate into 12,832 new jobs for the Palmetto State.
The Citadel is now accepting applications for the college’s new Bachelor of Science in Mechanical Engineering program. The courses will begin in the summer of 2014 with focused tracks in power and energy, manufacturing, aeronautical systems, materials (composites), and mechatronics.
Economists: S.C. moving toward expansion
Jan. 14, 2014
Charleston Regional Business Journal
Charleston's housing market and economy are on the rise.
Bullish construction activity, new jobs and higher wages are expected to grow the Charleston region's economy in 2014, mirroring - and even surpassing - projections for South Carolina as a whole.
German-based FEV will set up shop in Clemson's University's Restoration Institute.
Economic scorecard gives roadmap to prosperity
Nov. 25, 2013
Charleston Regional Business Journal
Regional Economic Scorecard gives a roadmap for economic prosperity in Charleston, SC.
The university dedicated the 82,000-square-foot building, named the SCE&G Energy Innovation Center, a project that has been in the works for four years. SCE&G supported the center with a $3.5 million gift.
The South Carolina Lowcountry’s primary provider of electricity, together with the nation’s largest utility, joined Clemson University Thursday to dedicate the world’s most-advanced energy systems testing and research center.
A Germany-based automotive supplier will set up shop later this month at Clemson University Restoration Institute in North Charleston, creating seven jobs initially.
Entrepreneur says Charleston’s No. 1 need is talent
Nov. 7, 2013
Charleston Regional Business Journal
Innovation Expert Robert Tercek gives the keynote at the CRDA Annual Luncheon.
CRDA honors leadership that led to airport property
Nov. 7, 2013
Charleston Regional Business Journal
The Charleston Regional Development Alliance honored the legacy of the man who helped secure land surrounding Charleston’s airport, which paved the way for Boeing to enter South Carolina, during an event Wednesday.
Engineers from South Carolina, four other states and Russia will handle detailed design work on Boeing’s new 777X passenger jet, not those in Washington state where technical experts have helped design the company’s aircraft for decades.
Drive shaft maker IFA Rotorion will expand and add more jobs at its plant in Palmetto Commerce Park in North Charleston.
Latest investment to expedite product development, grow sales and marketing, and expand internationally
$2.7 million investment expected to create 117 new jobs
Boeing said it expects to meet its goal of delivering 60 Dreamliner 787s this year. These Dreamliners are waiting to be picked up from the North Charleston final assembly plant.
Charleston best place for Boeing 777X by 2020, says analyst
Oct. 23, 2013
Puget Sound Business Journal
Everett might be the best place to build the 777X now, but that could change by 2020, when the first of Boeing’s newest aircraft are expected to be rolling off the assembly line.
With "sand, sun, history, good food, and friendly people," Charleston is a consistent hit with the travelers who venture to this "gracious and beautiful" city (in fact, it's taken first place our list of Top 10 Cities in the United States for three years now and been rated as the friendliest). Nearby beaches and impressive architecture draw visitors, but it's the "insanely nice" locals who enhance "magnificent" bed and breakfasts and "amazing shopping." "The charm of this city brings me back every year," praised one devoted fan. "The food, history, architecture and people are wonderful," said one reader. "A bucket list city!"
THE THIRD TIME IS CHARMING FOR CHARLESTON
Oct. 15, 2013
Charleston Area Convention & Visitors Bureau
South Carolina’s Historic Coastal Destination Named #1 U.S. City by Condé Nast Traveler Readers’ Choice Awards for Third Consecutive Year
Charleston named No. 1 destination for third year
Oct. 15, 2013
Charleston Regional Business Journal
Charleston is ranked the No. 1 U.S. city for travel destination for the third-consecutive year, Condé Nast Traveler announced today.
WASHINGTON, DC – The Berkeley-Charleston-Dorchester Council of Governments, located in North Charleston, South Carolina accepted a 2013 Innovation Award from the National Association of Development Organizations (NADO) Research Foundation on behalf of the Charleston Regional Competitiveness Center (CRCC).
Two mammoth pieces of equipment are arriving at what will be the world's largest wind turbine testing facility.
Region’s economy trending up; challenges remain
Oct. 3, 2013
Charleston Regional Business Journal
Duke Energy has donated $5 million to Clemson University to help fund programs at the school’s Restoration Institute in North Charleston.
Daimler Vans to expand in North Charleston
Sep. 12, 2013
The Post & Courier
Daimler Vans Manufacturing today announced that it will expand its existing facility in Charleston County in a $4.6 million investment that will create at least 60 new jobs.
The Perfect Storm in Aerospace Manufacturing
Sep. 4, 2013
Area Development
Increasing global demand, constrained capacity, and labor scarcity are changing the geography of high-tech manufacturing.
Clemson University's two research centers ICAR (automotive) and CURI (energy systems) are attracting global attention. More than half of CU-ICAR’s students come from other nations, while 80 percent of all wind turbine manufacturers in the world sit on the Restoration Institute’s advisory board.
Inc. 500 List of America’s Fastest Growing Companies Includes SPARC, BoomTown, Blue Acorn and Omatic Software.
SAIC nabs contract worth up to $900M
Aug. 14, 2013
Charleston Regional Business Journal
SAIC nabs cyberoperations shared contract worth up to $900 millionl, partnering with SSC Atlantic.
South Carolina recently received a No. 10 ranking in Site Selection magazine’s annual measure of state-by-state competitiveness.
South Carolina in general, and its Upstate region in particular, has a long-held reputation for success in attracting foreign investment. A recent ranking shows that an Upstate city is maintaining that reputation.
Sportsman Boats Manufacturing plans to expand its current operations in Dorchester County, South Carolina, with a move to a larger facility at 113 Isaac Way that will give the company 72,600 square feet of space. The $2.35 million investment is expected to generate 50 new jobs within the next five years and allow the company to add new boat models.
Weber Automotive, a German manufacturer of vehicle components, is establishing a new manufacturing business in North Charleston, Gov. Nikki Haley’s office said today.
Washington’s edge, its century of aerospace experience, is increasingly dulled by the South’s growing skill in crafting advanced engines and carbon composite aircraft structures — often borrowing these techniques from the nearby auto plants that are pumping out $60,000 BMWs and other high-tech vehicles. Even Boeing’s latest and largest new version of the Dreamliner — the 787-10 — looks likely to be built in South Carolina, the state where Boeing’s fastest-growing factory complex covers 240 acres in the Charleston-area.
Boeing SC delivers Chinese airline its first 787
Jul. 4, 2013
Charleston Post and Courier
Boeing South Carolina’s third customer will fly away Friday morning with its first 787 Dreamliner.Hainan Airlines, China’s fourth-largest airline, took delivery of its inaugural 787 Thursday and, after a ceremony at the North Charleston delivery center, will leave for Asia. It will cap a busy holiday week for the local plane-making plant, which on Tuesday delivered its first 787 to China Southern Airlines, Asia’s biggest airline by fleet size.Boeing announced the handover to Hainan, the 13th airline to get a Dreamliner, early Thursday morning.
Consulting firm suggests focusing on aerospace recruitment
Jul. 3, 2013
Charleston Regional Business Journal
An Austin-based consulting firm has suggested putting an immediate focus on attracting, retaining and starting aerospace companies in the Lowcountry.
A Dorchester County boat maker is investing $2.35 million and adding 50 jobs as it expands and moves to a bigger factory, the S.C. Commerce Department said today.
Boeing South Carolina has delivered its first 787 Dreamliner to an airline not named Air India.
The mission to Paris fit in 81 meetings, with companies and aerospace organizations, at less cost to taxpayers than previous years.
In 2009, Boeing decided to build the massive final assembly building in North Charleston because the original 787 factory in Everett, Wash. didn’t have enough capacity to keep pace with the record demand for the new jet.
Boeing has elected to build key elements of the engine nacelle for the 737 MAX at its recently developed 787 assembly line in North Charleston, South Carolina, as part of a continuing effort to expand its commercial aircraft footprint beyond its home state of Washington.
The percentage of jobs in the Charleston metropolitan area that require science, technology, engineering or math knowledge is above the national average, according to a study published today by a prominent Washington think tank.
Boeing Disperses Design, Engineering Work
Jun. 11, 2013
Aviation Week
Boeing has elected to build key elements of the engine nacelle for the 737 MAX at its recently developed 787 assembly line in North Charleston, S.C., as part of a continuing effort to expand its commercial aircraft footprint beyond its home state of Washington.
Boeing Co. is seeking a new local factory to house engineers and assembly workers for the 737 MAX work is bringing to the Lowcountry.
The Charleston Regional Competitiveness Center website, built on Avalanche's Headlight software platform, won this year's C2ER Community and Economic Research Award for "Outstanding Achievement and Excellence in Data Collection/ Dissemination Efforts."
SKF Group is investing in a new production line to make specialized high-precision bearings at its North Charleston factory rather than import them from abroad.
Talk of the future resounds at Boeing S.C.
May 13, 2013
The Post & Courier
Boeing’s general counsel and a part-time Kiawah Island resident, articulated what many outside the company have suspected about its long-term plans for the Lowcountry. “As we lay the foundation for Phase 2, does anyone doubt there will be a Phase 3 and Phase 4 ... ?” the former federal judge asked. “I have it on video that you said Phase 3, 4 and 5,” she said to Luttig. “So it’s not a matter of if, it’s a matter of when.” “So I’ll send you that video often,” the governor, a vocal Boeing backer, joked.
South Carolina, Israel team up to fund high tech
May 7, 2013
The Post & Courier
The S.C. Research Authority and a government agency in Israel each have set aside $1 million to invest in high-tech collaborations between Palmetto State and Israeli companies over the next two years.
What Charleston, South Carolina can teach the rest of us about hospitality and the art of creating a comfortable working environment.
"My hope is that we can be an inspiration for future entrepreneurs, that you can build a big legitimate business here in Charleston from a startup with three guys in a one-room office to now, we've got 150 team members here." —PeopleMatter CEO Nate DaPore
Boeing Co. investing another $1B, creating 2,000 jobs in S.C.
Apr. 9, 2013
Charleston Regional Business Journal
The Boeing Co. is bringing 2,000 more jobs and another $1 billion in investments to South Carolina.
Boeing is investing over $1 billion to expand its North Charleston facilities at the Charleston International airport.
Local Colleges Make Big Impact
Apr. 5, 2013
The Post & Courier
The Charleston region’s main colleges and universities do more than confer degrees and certificates. And the Charleston Regional Development Alliance thinks what they do is a story worth touting. So the organization, whose mission is to foster economic growth in the tri-county region, engaged an independent economic analysis and public policy consulting firm to measure the impact of colleges on the area.
Dig South April 12-14 CofC TD Arena and various locations downtown "There's great energy around this knowledge economy, and I feel like Charleston is the perfect intersection of job opportunities and quality of life." — Dig South Executive Producer Stanfield Gray
Although the need for more capital used to be top of mind when asked about the main obstacles facing the Charleston tech community, the metro area's current tech scene is attracting more investment than ever.
Boeing expands in Charleston with the addition of its new Dreamlifter operations center; construction began in late January.
S.C. counties commit to improving workforce
Feb. 22, 2013
Columbia Regional Business Report
34 counties seeking designation as an "S.C. Work REady Community in Progress" were approved by the state Workforce Investment Board.
The South Carolina city is an example of how the nation may cope with cuts the aerospace industry claims would cost at least a million jobs as soon as this year.
Website offers comprehensive data on Charleston region
Google Brings Additional Investment to Berkeley County Data Center
Jan. 18, 2013
South Carolina Department of Commerce
Google brings additional investment to Berkeley County data center Governor Nikki Haley joins Google to announce additional $600 million investment.
The Rise of Silicon Harbor
Jan. 4, 2013
Charleston Magazine
Charleston’s economic future hangs on more than dredging silt. Let’s talk silicon, software, and more cowbell.
related information