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Local Data

Location & Expansion Log

Diverse companies – from startups to multinational corporations – continue to relocate and expand existing operations in the Charleston region.

CRDA-Facilitated Projects

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Leonardo DRS / DRS Naval Power Systems

February 27, 2024

Jobs: 58
Investment: $120 Million

Defense products and technologies manufacturing and testing

Multinational firm Leonardo DRS, through its subsidiary, DRS Naval Power Systems, has announced it will build a 140,000-square-foot manufacturing and test center at 1588 Bushy Park Road in Berkeley County within the Charleston region. DRS Naval Power Systems provides naval power and control technology solutions for the U.S. Navy and allied navies, as well as for commercial applications. The new facility will expand the company's capability to integrate its next-generation electric propulsion system into current and future naval platforms including the U.S. Navy's priority program, the Columbia-class ballistic missile submarine. Operations are expected to be online by 2026.

Ingenics Corporation USA

November 22, 2023

Jobs: 12

Multinational corporate consulting firm specializing in the transformation and digitization of business models, products, and processes, serving automotive, aerospace, logistics, agriculture and medical technology, and other industries

"As Ingenics continues to grow and expand its presence, this [office opening] event marked a significant milestone on our journey as we upgraded to a new office in the Lowcountry. Here's to building stronger bonds and a bright future at Ingenics Charleston!" --Ingenics Corporation USA LinkedIn post (https://www.linkedin.com/feed/update/urn:li:activity:7092927375797088257/?utm_source=share&utm_medium=member_desktop)

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New, Expanding, and Mergers & Acquisitions

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Allegiance Flag Supply

May 22, 2024

Jobs: 84
Investment: $6.3 Million

Manufacturer of American flags

Founded in 2018, Allegiance Flag Supply recently expanded into a new 24,000-square-foot building located at 7600 Southrail Road in North Charleston. The firm produces high-quality, hand-sewn flags using locally-sourced materials and makes over 1,000 American flags each day, distributing to customers in all 50 states.

TTS Studios

May 7, 2024

Jobs: 14
Investment: $0.845 Million

Custom fabrication firm specializing in creative design and fabrication

Founded in 2016 and located in North Charleston, TTS Studios custom designs and fabricates installations, equipment, and other items in support of industries such as arts and entertainment, premium events, and experiential marketing. The firm recently expanded to a larger, 67,000-square-foot facility located at 2130 N. Hobson Ave. on the Charleston Marine Manufacturing Corporation (CMMC) Navy Yard Industrial Campus in North Charleston. "While much of our theatrical work is New York-based, projects with Spoleto Festival USA, High Water, Charleston-based artists and our developing brand partnerships solidify our roots here," noted company president Mike East.

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Downsizing

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Logistics Support Inc, a div of Z Systems Corp.

April 6, 2024

Private sector logistics and technical support for APS-3 (Army Prepositioned Stock) vessels, which transport and store military equipment and supplies

Layoff affecting 98 positions after an unanticipated loss in funding for the defense-contracting work it was engaged in.

Fruit of the Loom Palmetto Distribution Center

January 26, 2024

Apparel warehousing and distribution

Closure by July 1, 2024, affecting 119 workers. Fruit of the Loom's Director of Corporate Communications Melanie Cressman reported, "As a global Company operating in a highly competitive marketplace, Fruit of the Loom, Inc., is constantly analyzing its business to ensure we remain as competitive as possible. After an extensive review of our distribution network, the decision was made to close the distribution center in Summerville, South Carolina in support of a consolidation strategy." The company is a wholly owned subsidiary of Berkshire Hathaway, Inc.

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