NOVEMBER 2022 NEWS
Kudos to Charleston… Again & Again & Again!
Charleston continues to earn accolades and not just for our visitor appeal. Just last month, we earned the top spot in Condé Nast Traveler’s 2022 Reader’s Choice Awards for the Best Small City for our history, culture, food and charm. This follows on the heels of other recent rankings, including: #1 Top U.S. City by Travel + Leisure (10 years running), #1 Best Place to Retire by WalletHub, #1 Minor League Sports Market by Sports Business Journal, #2 Most Profitable City for rental property owners by HomeAdvisor and #19 Best Foodie City by WalletHub. Read more here.
Our Growing Manufacturing Base
Sweet Grass Vodka will establish front door operations in Charleston County with a new location open to the public. The company’s $1.7M investment will create 47 new jobs. Nucor Corp will expand its operations in Berkeley County with a $425M investment creating 50 new jobs. Cummins Turbo Technologies has opened its expanded turbo remanufacturing operations in North Charleston, a $27M investment expected to create 250 new jobs. Phenom Yachts will open a new $12M manufacturing facility for premium sport yachts in Summerville, creating close to 150 jobs. Read more here, here, here and here.
Area Transportation Sector Keeping Up with Demand
The Charleston International Airport recently expanded its capacity by 20% with a new gate that opened in July and two new gates in September. This was an overall $11.5M gate expansion. Its 20-year expansion plan has also just been released and includes the addition of two new concourses with a total of 11 gates, a 7,000-car parking garage and expansion of the food hall. A cost estimate has yet to be prepared. Read more here and here. SC Ports expects to complete dredging this month in order to accommodate post-Panamax vessels. It will also soon have near dock rail and an inner harbor barge operation to ensure improved flow and capacity for the Southeast supply chain. This will be a $550M ports project, making the Port of Charleston a major intermodal operation for containers among east coast ports. Read more here.