Andrew Moore, the dean of Carnegie Mellon University's School of Computer Science, was blown away upon reading a college application essay from a student in rural Texas who described how he spent evenings writing computer code in pencil because he didn't have a computer at home. He'd head to school the next morning to try the codes out on the school's computers.
Community colleges are playing an increasingly important role in providing students the science, technology, engineering and math, or STEM, skills they need for the thousands of jobs employers are having a hard time filling. In San Diego, Californina, the genomics hub on the country, companies like Illumina, a DNA and gene sequencing startup, are constantly reimagining their workforce needs." A lot of cases, the skills we need didn't even exist 10 years ago," said Francis deSouza, president and CEO of Illumina, at the U.S. News STEM Solutions conference. That was the case last year, when deSouza realized he needed specialists in biomanufacturing – an emerging field so new that few colleges offer degrees in it.
It is no longer science fiction: industrial giants and start-ups compete in the segment of "flying cars", the subject of a major world raw organized by Uber in Dallas until Thursday. And the first prototypes are already flying ...
MTAG Services, one of the nation’s leading providers of specialized financial asset servicing, is expanding operations by locating its corporate headquarters in Mount Pleasant, South Carolina. The project is expected to create more than 30 new jobs over the next three years in Charleston County.
Until a few months ago, there was no choice in Charleston. To buy groceries, shoppers had to get up and go to the supermarket. No more. As e-commerce startups have raced to bring the grocery store to the smartphone and crack the last frontier of online shopping, they’re increasingly taking on a new challenge: cities like Charleston. That’s why the Lowcountry, which had no grocery delivery services four months ago, will have two options by the end of the week, when the industry’s dominant player arrives here.
The Corporate Survey respondents feel confident about the economy under President Trump, but highway accessibility and skilled labor are still their primary concerns. Also, the number of respondents planning domestic as compared to foreign facilities may reflect the current political climate.
A new administration in Washington, escalating wages, and a dwindling supply of industrial real estate are just some of the trends that may cause companies to take a wait-and-see approach to capital investment.
This article looks at the large increase in the number of people who moved from employed to not in the labor force during the 2013–14 to 2015–16 period, both overall and for workers ages 25–54. Although some of this increase can be attributed to the business cycle, there has been a greater flow from employment to retirement or to schooling than at the peak of the previous business cycle. Demographic changes explain relatively little of the increase, especially for the 25–54 age group. This movement may reflect long-term changes in the labor market.
This report is the eight edition of Anderson Economic Group's annual business tax burden rankings for the 50 states and the District of Columbia. It presents the results of a comprehensive and consistent analysis that AEG has produced since 2006.
Robots are getting cheaper and smaller and, as a result, sales have grown significantly over the past year, particularly in North America, as more companies move manufacturing operations closer to U.S. markets. North American manufacturing companies bought a total of 9,773 industrial robots, valued at approximately $516 million, in the first quarter of 2017. That means 32 percent more robots were bought this year than at the same time in 2016 — it’s the strongest first quarter on record for robots ordered by North American companies, according to the Robotic Industries Association. Last year, 7,406 were ordered by North American companies, valued at $402 million. It’s also a significant jump from the previous year. Between 2015 and 2016, the number of robots sold to North American companies jumped only 7 percent in the first quarter.
As robots, automation and artificial intelligence perform more tasks and there is massive disruption of jobs, experts say a wider array of education and skills-building programs will be created to meet new demands. There are two uncertainties: Will well-prepared workers be able to keep up in the race with AI tools? And will market capitalism survive?
$600,000 and 10 new jobs. That's the promised first-year result of Fitness First USA's move to Mt. Pleasant, SC. The company, a division of A&Z Pharmaceutical, Inc., was welcomed to town in a ribbon-cutting ceremony held earlier today. The 20-year old company is relocating its headquarters to Mt. Pleasant from Portsmouth, NH. In addition to the headquarters, it will have a flagship retail and e-commerce distribution facility off Long Point Road, for which a public grand opening will be held this Saturday.
Twenty-three logistics companies have set-up distribution hubs or invested to expand their existing S.C. operations in the past four years. Combined, those companies planned to invest $771 million and create 4,200 jobs throughout the state since 2014.
A North Charleston tech company has chosen to expand its operations to just outside historic Summerville, investing $750,000 in the county and creating 15 new jobs over two years, according to Dorchester County's Economic Development office.
South Carolina’s seasonally adjusted unemployment rate dropped in April to 4.3 percent from 4.4 percent in March, while the number of people working in the state marked another record high.
Prospective employers, industrial recruiters, policy makers and site selectors who want to know more about the available talent in the SC I-77 region can now easily find up-to-date, detailed workforce data online. The South Carolina I-77 Alliance has released a first-of-its-kind report for the four-county region stretching from Charlotte to Columbia in the Palmetto State. The new Regional Workforce Study is an 84-page report that provides in-depth analysis of the workforce a new or existing business could employ. In addition to the regional perspective, individual reports were commissioned for the Alliance counties: York, Chester, Fairfield, & Richland.
BY NOAH WILLIAMS -- Broad-based cuts in business taxes could generate substantial employment gains in manufacturing and overall. A new study shows it worked in Wisconsin.
Less than a month after welcoming the largest container ship to visit the East Coast, the Port of Charleston is ready for an even bigger visitor. The OOCL France, capable of carrying up to 13,926 cargo containers, made its way through the Panama Canal this week on its way to East Coast ports, including a scheduled June 3 stop at the Wando Welch Terminal.
SOUTH CAROLINA - Economic activity in South Carolina mostly improved in recent months. Total employment increased while the unemployment rate ticked down; however, housing market reports were mostly downbeat.
A subsidiary of real estate giant Transwestern Development Co. plans to build a pair of speculative industrial sites along the fast-growing Interstate 26 corridor near the Volvo Cars manufacturing site that's scheduled to begin production next year. Chicago-based Ridge Development has filed a permit application with the state Department of Health and Environmental Control to build "Charleston Logistics Center," which will include two 343,150-square-foot buildings, each with parking for up to 202 vehicles.
Boeing has signed an innovative deal with Sace, Italy's export development agency, to help stimulate and facilitate sales of 787 Dreamliner jets. Under the agreement between Boeing and Sace CDP Group, the Italian government agency said it may offer up to $1.25 billion worth of Dreamliner jet loan guarantees to airlines around the world this year.
Talks on car sales between Chinese Prime Minister Li Keqiang and German Chancellor Angela Merkel on Wednesday are likely to influence EU trade policy for years. China, ever the master of divide-and-rule tactics when confronting EU trade policy, has threatened to impose a car quota system that could seriously dent the sales of Germany’s blue-riband industry, affecting brands such as Volkswagen, BMW, Audi, Mercedes and Porsche.
The skies over Charleston continue to shuttle more and more passengers. Charleston International, the state's busiest airport, posted 6.2 percent more ticket holders January through April, possibly putting it on track to break the milestone of 4 million passengers this year for the first time ever.
Two Lowcountry entities were awarded $500,000 each in grants from the S.C. Rural Infrastructure Authority. The grants to Dorchester County and the North Charleston Sewer District were among more than $13 million awarded statewide for water, sewer and drainage projects. According to the infrastructure agency, it has awarded 61 projects in fiscal year 2017, totaling approximately $24 million.
An Upstate lender that's been expanding down the Interstate 26 corridor is setting up shop in the Charleston market after making two key hires.
Boeing says a need to stay competitive has spurred its greatest single month of statewide job reductions in over 14 years. More from KOMO's Corwin Haeck. (Recorded Interview)
Boeing Co., which makes the 787 Dreamliner at its North Charleston campus, marked another milestone for the program. It delivered its 550th plane last week to Hainan Airlines — a "Dash-9" model built at the aerospace giant's Everett, Wash. assembly plant.
Trump reportedly calls Germans 'very bad,' threatens to end German car sales Trump reportedly calls Germans 'very bad,' threatens to end German car sales Friday, 26 May 2017 | 9:49 AM ET | 00:45 President Donald Trump has reportedly reignited tensions with his EU counterparts after calling the Germans "very bad" for their trade surplus with the U.S. The president vowed to block German car exports to the U.S. during a meeting with top EU leaders on Thursday, according to German news magazine Der Spiegel.
President Donald Trump wants $108 million to deepen harbors for two U.S. seaports, including a project in Savannah. Meanwhile other ports scrambling to make room for larger cargo ships will benefit from a boost of more than $56 million already approved by Congress.
The Charleston Harbor Deepening Project was named one of six “new starts” and received $17.5 million in construction funding in the U.S. Army Corps of Engineers (USACE) Fiscal Year 17 Work Plan released today, allowing construction on the project to begin this fall as scheduled.