Charleston Business News
BUSINESS NEWS
Charleston’s Real Estate Market: A Booming Landscape
News Summary Despite facing challenges such as supply constraints and rising prices, Charleston’s real estate market is on a significant growth trajectory. With a 29% increase in homes for sale...
Charleston’s Bold Move Towards Affordable Housing
News Summary Mayor William Cogswell of Charleston proposes an ambitious plan to create 3,500 affordable housing units to combat rising costs and support the local community. Amid challenges like soaring...
Wilmington Claims Title as North Carolina’s Fastest-Growing City
News Summary Wilmington has officially become the fastest-growing metro area in North Carolina, showing a remarkable population growth of over 13% from 2020 to 2024. The city’s population has surged...
Charleston’s Business & Brews Networking Event at the Aquarium
News Summary Charleston is set to host a vibrant networking event, Business & Brews, at the South Carolina Aquarium from 6 to 8 p.m. this Tuesday. Combining a happy hour...
Join the Networking Event at South Carolina Aquarium
News Summary Professionals in Charleston are invited to the ‘Business & Brews’ networking event at the South Carolina Aquarium. Scheduled for Tuesday from 6 p.m. to 8 p.m., this free...
Spartanburg Sees Remarkable Tourism Growth in South Carolina
News Summary Spartanburg, South Carolina, is witnessing a tourism boom, contributing $29 billion annually to the state’s economy, with a 65% growth over the past decade. With tourism supporting 10%...
Davie County Solar Project Construction Begins
News Summary Davie County, North Carolina is witnessing the launch of the Longleaf Solar Project, initiated by SolRiver Capital. This solar installation will have a capacity of 7 megawatts, powering...
Komar Industries Establishes Facility in York County
News Summary York County, South Carolina, is welcoming Komar Industries with a significant investment of $11.5 million to set up its first facility at 200 Ratchford Road. This move is...
High Rise Seltzers Launches New Cannabis Dry Bar in Charleston
News Summary High Rise Seltzers, a popular Charleston-based beverage brand, is set to expand with the opening of a new Cannabis Dry Bar on August 11. Known for their wellness-focused...
FINANCE
BELAY Acquires Accountfully to Expand Outsourced Accounting in Charleston
News Summary BELAY, an Atlanta-based staffing company, has acquired local accounting firm Accountfully, enhancing outsourced accounting services for small and mid-sized businesses in Charleston. Founded in 2012, Accountfully is known...
Charleston County Paves the Way for More Affordable Housing
News Summary Charleston County has approved a $30 million sale of county-owned properties on Morrison Drive to develop affordable housing units. This unanimous decision marks a significant step in addressing...
New Financial Firm Launches in Downtown Charleston
News Summary Hudnall Capital Advisors has opened in downtown Charleston, offering a wide range of financial services including investment management, estate planning, and tax mitigation. Founded by local entrepreneur Ry...
Self-Help Credit Union Appoints New Regional Manager in Charleston
News Summary Self-Help Credit Union announces Rebecca Walker as the new regional manager for Charleston. With extensive experience in finance and community engagement, she aims to improve financial services access....
Navigating the Charleston Housing Market: A Guide for First-Time Buyers
News Summary As the Charleston housing market becomes increasingly competitive, first-time buyers face challenges due to rising prices and low supply. This guide offers insights on the local market, highlights...
Scott Bessent Appears for Senate Confirmation Hearing
News Summary Scott Bessent, nominated to be the U.S. Treasury Secretary, is preparing for his Senate confirmation hearing scheduled for January 16, 2025. The hedge fund investor, whose financial assets...
SouthState Bank Sells and Leases Back 170 Branches
News Summary SouthState Bank has announced a significant sale and leaseback of about 170 branches across six states, valued at $475 million. This strategic move aims to optimize operations while...
South Carolina Insurance Provider Atlantic Coast Faces Challenges Amid 100-Year Celebration
News Summary As Atlantic Coast Life Insurance Co. gears up to celebrate its 100th anniversary in Charleston, it faces serious financial challenges. With regulators halting new policies due to concerns...
CONSTRUCTION
Charleston’s Bold Move Towards Affordable Housing
News Summary Mayor William Cogswell of Charleston proposes an ambitious plan to create 3,500 affordable housing units to combat rising costs and support the local community. Amid challenges like soaring...
Davie County Solar Project Construction Begins
News Summary Davie County, North Carolina is witnessing the launch of the Longleaf Solar Project, initiated by SolRiver Capital. This solar installation will have a capacity of 7 megawatts, powering...
Charleston Design District Set to Transform Navy Yard
News Summary The city of Charleston is poised to launch the Charleston Design District this fall, aiming to create a vibrant hub for home furnishings in the historic Navy Yard....
Charleston Residents Concerned About Rising Living Costs
News Summary With an influx of new residents from high-cost states, Charleston, South Carolina, is facing challenges as locals experience rising living costs. While new arrivals are attracted by lower...
Charleston’s Waterfront Transformation with New TIF District
News Summary Charleston’s City Council has approved a Tax Increment Financing (TIF) District to revitalize Union Pier, promising significant economic growth and community benefits. With $2 billion in investments planned,...
South Carolina Named Fastest Growing State for 2024
News Summary South Carolina has been ranked as the fastest growing state for 2024 by U-Haul’s Growth Index, marking a notable shift in relocation trends. Overtaking Texas, South Carolina’s appeal...
SOPAKCO Expands Manufacturing Facility in Bennettsville
News Summary SOPAKCO is set to invest $22.8 million to expand its manufacturing facility in Bennettsville, SC. The renovation will add 200,000 square feet and create over 130 new jobs,...
North Charleston Home Transformed with Energy Efficiency Upgrades
News Summary A home in North Charleston, owned by Gloria Daniels, has received a $50,000 energy efficiency makeover, funded by the Wells Fargo Foundation and Sustainability Institute. The upgrades, featuring...
Mount Pleasant’s Highway 41 Widening Project Faces Major Cost Surges and Delays
News Summary Mount Pleasant’s ambitious Highway 41 widening project has seen its estimated costs surge from $129 million to $245 million due to inflation and pandemic impacts. Originally planned to...
MARKETING
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REAL ESTATE
Charleston’s Real Estate Market: A Booming Landscape
News Summary Despite facing challenges such as supply constraints and rising prices, Charleston’s real estate market is on a significant growth trajectory. With a 29% increase in homes for sale...
Charleston’s Bold Move Towards Affordable Housing
News Summary Mayor William Cogswell of Charleston proposes an ambitious plan to create 3,500 affordable housing units to combat rising costs and support the local community. Amid challenges like soaring...
Wilmington Claims Title as North Carolina’s Fastest-Growing City
News Summary Wilmington has officially become the fastest-growing metro area in North Carolina, showing a remarkable population growth of over 13% from 2020 to 2024. The city’s population has surged...
Komar Industries Establishes Facility in York County
News Summary York County, South Carolina, is welcoming Komar Industries with a significant investment of $11.5 million to set up its first facility at 200 Ratchford Road. This move is...
SCRA Opens New Office in Greenville
News Summary The South Carolina Research Authority (SCRA) has unveiled its new office at the Greenville ONE Center, aimed at fostering innovation and collaboration among startups and universities. This modern...
Charleston Design District Set to Transform Navy Yard
News Summary The city of Charleston is poised to launch the Charleston Design District this fall, aiming to create a vibrant hub for home furnishings in the historic Navy Yard....
Spartanburg’s Tourism Sector Sees Remarkable Growth
News Summary Spartanburg, South Carolina, has witnessed a significant 65% surge in its tourism sector over the past decade, contributing $29 billion annually to the state’s economy. During the 60th...
South Carolina Tops U-Haul’s 2024 Growth Index
News Summary South Carolina has claimed the number one spot in U-Haul’s 2024 Growth Index, marking a significant achievement as the Palmetto State outpaces Texas for the first time. With...
Charleston Residents Concerned About Rising Living Costs
News Summary With an influx of new residents from high-cost states, Charleston, South Carolina, is facing challenges as locals experience rising living costs. While new arrivals are attracted by lower...
