Seven Signs that Charleston SC is Still Thriving
In the current Charleston Regional Business Journal’s article, “Deals of the Year” seven clear signs that signify a striving, thriving Charleston, SC are examined.
- Boeing’s decision to assemble Dreamliners in North Charleston launched the Lowcountry in the
global business’s radar as the next-generation world class aerospace hub and create 4,000 jobs for the area. Boeing also bought Vought, the Dreamliner fuselage assembly plant in North Charleston, SC bringing this key supplier back in the Lowcountry. - The State Ports Authority (SPA) manages to keep the world’s largest shipping line, Maersk, on board and calling on Charleston, SC until at least 2014. Along with this came the announcement, TBC Corp, the parent company of Tire Kingdom and other retail stores, to build a logistics center in the rural Jedburg and Carnival Cruise Lines announced it will begin offering cruises from Charleston. The SPA will be resigning the downtown Union Pier Cruise Terminal.
- The Clemson University Restoration Institute in North Charleston was awarded a $45 million grant from the U.S. Department of Energy combined with $53 million matching funds to build a test facility for the “next generation” of wind turbines at the former Navy Base. This could make the Lowcountry a magnet for wind energy manufacturing jobs and allow Clemson University to offer its engineers the chance to do cutting-edge research.
- SPA Signs Contract with New Chief Executive, Jim Newsome. Newsome has excellent international
shipping credentials to help raise the Port of Charleston’s standing on the East Coast. - Congress approved the American Recovery and Reinvestment Act which funded a wide variety of projects that have helped local firms keep working, such as re-roofing of public housing and construction projects at the state’s military installations. It also directed $700 million to help SC state government, most of it for schools.
- State Treasurer Converse Chellis pleads with State Budget and Control Board to support a $9.2 million loan to fix the 65 year old USS Laffey. The World War II ship nicknamed, “The Ship that Would Not Die” was in serious danger of sinking. The ship rest at Patriots Point, a huge tourist and revenue
generator for the Lowcountry. - The Hollings Cancer Center received NCI designation from the National Cancer Institute along with $7.37 million to Hollings and MUSC. That amount is expected to spur an additional $20 million in research funding in the next five years. The recognition means Hollings can attract top researchers, who bring with them cutting-edge technology, clinical trials, and ideas.
The Lowcountry is making great stride in technological, industrial, and environmental innovation. It has always been a great place to live and these seven “deals” made this year will only aid to the growth and economical recovery to the place we all love to call home.
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