Charleston County Economic Development - News Brief

August 7, 2017

Global aerospace and defense deals insights: Q2 2017
pwc.com

Global aerospace and defense deals insights: Q2 2017

The global aerospace and defense industry ended the first half of 2017 with $18 billion in announced transactions, 9% higher than the first half of 2016 and 14% higher than first half of 2015.

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3 Ways The Automotive Industry Will Change By 2020
fastcompany.com

3 Ways The Automotive Industry Will Change By 2020

Self-driving vehicles? All electric fleets? See what’s next for car makers.

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U.S. Census Troubles Threaten Future Real Estate Development
forbes.com

U.S. Census Troubles Threaten Future Real Estate Development

U.S. Census Bureau lacks funds and leadership. That could hurt the 2020 census and future commercial real estate development.

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Boeing jet makes plane outline over America on Dreamliner test flight
bbc.co.uk

Boeing jet makes plane outline over America on Dreamliner test flight

A Boeing jet has drawn an outline of a plane by flying over America using GPS tracking.

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South Carolina's cloudy energy future: Will it affect manufacturing?
postandcourier.com

South Carolina's cloudy energy future: Will it affect manufacturing?

Although electricity costs often play a key role in where manufacturers choose to expand, experts say last week's decision to scrap construction of two new reactors at the V.C. Summer Nuclear Station isn't expected to have a long-term impact on statewide economic development efforts.

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West Coast Ports, Dockworkers Agree to Labor Contract Extension
wsj.com

West Coast Ports, Dockworkers Agree to Labor Contract Extension

Dockworkers agreed to extend their labor contract with West Coast port operators by three years, to July 2022, offering shippers the prospect of years of tranquil labor relations.

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BMW Takes the Inland Road to Efficiency
logisticsmgmt.com

BMW Takes the Inland Road to Efficiency

BMW’s collaboration with South Carolina Ports and Norfolk Southern creates a unique intermodal solution that eliminates truck moves, improves its sustainability efforts and subsequently spurs manufacturing efficiently in a growing region.

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Expanded Charleston port to boost state's economy
palmettobusinessdaily.com

Expanded Charleston port to boost state's economy

The South Carolina Ports Authority has approved the expansion of Charleston's cargo port, with the Hugh G. Leatherman Terminal.

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Natural gas pipeline crossing AB Jacks Road | My Clinton News
clintonchronicle.com

Natural gas pipeline crossing AB Jacks Road | My Clinton News

Dominion is installing a pipeline through Laurens County from a substation in Moore (Spartanburg County) t0o a substation in Chappells (Newberry County). The pipeline will supply three industries in the Lowcountry of SC, near Charleston. Most rights-of-way were acquired through direct negotiation; the company used federal court and eminent domain to establish a fair market value for Laurens County

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President Donald Trump nominates two federal judges for South Carolina
postandcourier.com

President Donald Trump nominates two federal judges for South Carolina

WASHINGTON – President Donald Trump late Thursday announced nominations to fill the two empty federal judgeships in South Carolina.

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Some South Carolinians could see 33% hike in health insurance costs
thestate.com

Some South Carolinians could see 33% hike in health insurance costs

BlueCross BlueShield, which offers the only individual plan sold on the S.C. marketplace, has proposed the increase to the federal Health and Human Services Department.

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New Boeing plane moves closer to reality, and North Charleston campus could build it
postandcourier.com

New Boeing plane moves closer to reality, and North Charleston campus could build it

Boeing Co. is getting more serious about the prospects of building a middle-of-the-market commercial plane, and that has some thinking the aerospace giant's 787 North Charleston campus could contend for production of the new aircraft.

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Boeing S.C. technicians, inspectors receive voluntary layoff offers
charlestonbusiness.com

Boeing S.C. technicians, inspectors receive voluntary layoff offers

An undisclosed number of Boeing South Carolina workers who help ensure 787 Dreamliners are flight-ready have received voluntary layoff notices. Flight-ready technicians and flight readiness technician inspectors received voluntary layoff letters from Boeing a few weeks ago, company spokeswoman Loretta Gunter said in an email. Workers must decide whether to accept by Friday.

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Global Supply Chain News: Port of Charleston Developing Plan to Use Barges to Move Contain
scdigest.com

Global Supply Chain News: Port of Charleston Developing Plan to Use Barges to Move Contain

Citing road congestion and an aging population among drayage drivers, the port of Charleston, SC, is developing plans for barges to take on much of the load in moving containers from terminals to a upcoming new rail yard.

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#PortWars: Regional Traffic Data Eyed | FITSNews
fitsnews.com

#PortWars: Regional Traffic Data Eyed | FITSNews

As this website has chronicled on numerous occasions, there is a battle raging among America’s deepwater port facilities along the east coast.

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What "America First" could mean for your supply chain – CSCMP's Supply Chain Quarterly
supplychainquarterly.com

What "America First" could mean for your supply chain – CSCMP's Supply Chain Quarterly

A recent report from PwC asserts that the Trump administration's trade agenda represents a dramatic shift from the past and recommends that companies prepare by getting better visibility into where their parts and supplies are coming from.

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High-end habitats: Million-dollar home market strong across South Carolina
postandcourier.com

High-end habitats: Million-dollar home market strong across South Carolina

A rising stock market and overall better economy pumped new life into the luxury home market across South Carolina, especially during the past six months.

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Charleston is a growing tech destination
firstcoastnews.com

Charleston is a growing tech destination

CHARLESTON, S.C. — It may be 2,740 miles away, as the crow flies, but Charleston seems like a million miles away from the hustle, bustle, and stress of Silicon Valley.

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SC: The (Power) Struggle Is Real | FITSNews
fitsnews.com

SC: The (Power) Struggle Is Real | FITSNews

The news that South Carolina’s government-run utility – Santee Cooper – was abandoning the construction of a pair of new nuclear reactors after nine years of planning (and $9 billion in expenses) hit

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Boeing offers more buyouts at North Charleston campus, layoffs could follow
postandcourier.com

Boeing offers more buyouts at North Charleston campus, layoffs could follow

Boeing Co. is offering voluntary buyouts to some workers on the flight line at its 787 Dreamliner campus in North Charleston, but the aerospace giant says it's too early to say whether more layoffs are in the offing.

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More Trouble at Boeing SC
fitsnews.com

More Trouble at Boeing SC

Just as South Carolinians were picking their jaws up off the floor following a shocking decision by government-run utility Santee Cooper to shutter a job-creating nuclear power project, there was more bad economic news involving the state’s biggest crony capitalist company.

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Foss Manufacturing sells its northern division to S.C. firm | New Hampshire
unionleader.com

Foss Manufacturing sells its northern division to S.C. firm | New Hampshire

A South Carolina company has acquired the Hampton-based operations of Foss Manufacturing, a textile maker of high-performance materials.

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Charleston County Economic Development ready to help local businesses grow
charlestonbusiness.com

Charleston County Economic Development ready to help local businesses grow

When local company Call Experts wanted to grow, its executives turned to Charleston County Economic Development for assistance. Headquartered in Charleston for more than 30 years, Call Experts also has offices in New Jersey, Charlotte and Atlanta. It could have expanded in one of those markets, but instead opted to work with Charleston county’s Business Concierge Team.

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Study finds Charleston's hospitality workers are overburdened by high cost of parking down
postandcourier.com

Study finds Charleston's hospitality workers are overburdened by high cost of parking down

Downtown Charleston is the regional hot spot for luxury hotels, upscale dining and bar-hopping — a major draw for the roughly 5 million people who visit the Lowcountry each year.

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Made in America* -- How the U.S. auto industry was built with foreign labor
cbsnews.com

Made in America* -- How the U.S. auto industry was built with foreign labor

Investigation by "CBSN: On Assignment" uncovers a pattern of worker visa abuse by contractors for major automakers manufacturing in the U.S.

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Santee Cooper, SCE&G pull plug on roughly $25 billion nuclear plants in South Carolina
postandcourier.com

Santee Cooper, SCE&G pull plug on roughly $25 billion nuclear plants in South Carolina

COLUMBIA — After spending some $9 billion on a project heralded as the beginning of a renaissance for America’s nuclear power industry, a pair of South Carolina utilities are pulling he plug on two unfinished reactors in Fairfield County.

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Charleston County sues South Carolina state government bank over highway completion
americancityandcounty.com

Charleston County sues South Carolina state government bank over highway completion

A decade-long, unfinished highway construction project culminating in a state bank's vote to scrap the project has led a South Carolina county to sue the bank for breach of contract.

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Mercedes drops contractor in wake of CBS News investigation
cbsnews.com

Mercedes drops contractor in wake of CBS News investigation

Mercedes-Benz banned a subcontractor from its Vance, Ala., plant after CBS News investigation found it had hired foreign construction workers by misstating their roles.

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Boeing expects India to order up to 2,100 aircraft over 20 years
trtworld.com

Boeing expects India to order up to 2,100 aircraft over 20 years

India is one of the world's fastest-growing aviation markets with domestic passenger traffic growing at more than 20 percent a year over the last few years.

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There’s more to Boeing than Dreamliners
charlestonbusiness.com

There’s more to Boeing than Dreamliners

Whenever most Lowcountry residents think of Boeing, they understandably picture the 787 Dreamliner airplanes that are manufactured, assembled and delivered at the company’s North Charleston facility. But that is only part of Boeing’s presence in the area. Just off the Palmetto Commerce Parkway in North Charleston is the newest component of their operation, Boeing Research & Technology - South Carolina (BR&T-SC).

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Boeing stocks and earnings are on the rise amid strong travel demand
born2invest.com

Boeing stocks and earnings are on the rise amid strong travel demand

The stocks of Boeing are performing better due to an increase in international orders of its 787 Dreamliner fleet.

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Kevin Bryant hopes to become the first governor from the Upstate since Carroll Campbell
independentmail.com

Kevin Bryant hopes to become the first governor from the Upstate since Carroll Campbell

Lt. Gov. Kevin Bryant of Anderson hopes to become the first governor from the Upstate since Carroll Campbell.

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