Charleston Business News
BUSINESS NEWS
Governor Signs Law to Boost Affordable Housing in North Charleston
News Summary Governor Henry McMaster has signed a law aimed at enhancing affordable housing development at the former Charleston Naval Base through special tax districts. The new legislation allows local...
South Carolina Prepares for Small Business Saturday with Local Promotions
News Summary South Carolina is gearing up for Small Business Saturday on November 30, with local businesses offering attractive promotions. This event emphasizes the critical role small enterprises play in...
Verizon Business Partners with South Carolina Army National Guard
News Summary Verizon Business has secured a contract to be the primary wireless communications provider for the South Carolina Army National Guard (SCARNG). This partnership enhances the SCARNG’s operational capabilities...
South Carolina Secures $1.5 Million for Infrastructure Improvements
News Summary South Carolina has received $1.5 million in grants for infrastructure enhancements in Dorchester County and North Charleston. This funding is part of a larger initiative aimed at upgrading...
South Carolina Lawmakers Propose Changes to Liquor Liability Laws
News Summary As soaring insurance rates threaten the survival of local bars and restaurants in South Carolina, state lawmakers are advocating for changes to liquor liability laws. Currently, many establishments...
Berkadia Commercial Mortgage Leases Office Space in Charleston
News Summary Berkadia Commercial Mortgage has finalized a lease for 2,625 square feet at 121 Calhoun Street, achieving full occupancy for the property. This prime location is expected to boost...
Charleston’s Tourism Sector Achieves $14 Billion Economic Impact
News Summary Charleston’s tourism sector reached a historic milestone with an economic impact of $14.03 billion in 2024, marking a 7% increase from the previous year. Tourist visits rose to...
Inner Healing Psychiatric Practice Opening in Charleston
News Summary A new psychiatric practice, Inner Healing, will open in Charleston, S.C., in May. Led by Dr. Suzanne Kerns, the clinic focuses on innovative treatments like Transcranial Magnetic Stimulation...
MUSC Announces Construction of New Comprehensive Cancer Hospital
News Summary The Medical University of South Carolina is set to construct a new comprehensive cancer hospital in Charleston, enhancing cancer care services in the region. The facility aims to...
FINANCE
Berkadia Commercial Mortgage Leases Office Space in Charleston
News Summary Berkadia Commercial Mortgage has finalized a lease for 2,625 square feet at 121 Calhoun Street, achieving full occupancy for the property. This prime location is expected to boost...
The Southern Bank Appoints Ryan Benton as EVP
News Summary The Southern Bank in Charleston has appointed Ryan Benton as the new Executive Vice President. This leadership change follows M.J. Huggins III becoming CEO, marking a new era...
Charleston County Advances Affordable Housing Initiative
News Summary Charleston County has initiated a Local Housing Trust Fund with an $8 million budget to address the affordable housing crisis in the region. This revolving loan program will...
Pensievision Selected for Prestigious Luminate NY Accelerator
News Summary Pensievision, a Charleston-based startup, has been selected to join the Luminate NY accelerator, being one of only 10 firms chosen globally. This program will bolster their innovative work...
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...
CONSTRUCTION
Governor Signs Law to Boost Affordable Housing in North Charleston
News Summary Governor Henry McMaster has signed a law aimed at enhancing affordable housing development at the former Charleston Naval Base through special tax districts. The new legislation allows local...
Verizon Business Partners with South Carolina Army National Guard
News Summary Verizon Business has secured a contract to be the primary wireless communications provider for the South Carolina Army National Guard (SCARNG). This partnership enhances the SCARNG’s operational capabilities...
South Carolina Secures $1.5 Million for Infrastructure Improvements
News Summary South Carolina has received $1.5 million in grants for infrastructure enhancements in Dorchester County and North Charleston. This funding is part of a larger initiative aimed at upgrading...
MUSC Announces Construction of New Comprehensive Cancer Hospital
News Summary The Medical University of South Carolina is set to construct a new comprehensive cancer hospital in Charleston, enhancing cancer care services in the region. The facility aims to...
Aiken’s Population Growth and Economic Development
News Summary Aiken, South Carolina, is experiencing steady growth with projections indicating a population of 33,216 by 2024. Key attractions include Southern culture, favorable weather, and lower living costs, making...
Local Business Owner Recognized as State Small Business Person of the Year
News Summary Michael Haldeman, owner of SpokeWorks Bicycle Workshop in Summerville, has been honored as South Carolina’s State Small Business Person of the Year by the U.S. Small Business Administration....
South Carolina Showcases 20 Promising Startups
News Summary South Carolina is highlighting 20 standout startups that exemplify innovation across diverse industries such as technology, lifestyle, and life sciences. These companies, launched within the last five years,...
AIRSYS Cooling Technologies Invests in New Headquarters
News Summary AIRSYS Cooling Technologies has announced a $40 million investment to establish its global headquarters in Woodruff, Spartanburg County, creating 215 new jobs. The new facility, covering 264,000 square...
MUSC Announces Plans for Comprehensive Cancer Hospital in Charleston
News Summary The Medical University of South Carolina is set to build a state-of-the-art comprehensive cancer hospital in Charleston, the only facility of its kind in South Carolina. This new...
MARKETING
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REAL ESTATE
Governor Signs Law to Boost Affordable Housing in North Charleston
News Summary Governor Henry McMaster has signed a law aimed at enhancing affordable housing development at the former Charleston Naval Base through special tax districts. The new legislation allows local...
South Carolina Secures $1.5 Million for Infrastructure Improvements
News Summary South Carolina has received $1.5 million in grants for infrastructure enhancements in Dorchester County and North Charleston. This funding is part of a larger initiative aimed at upgrading...
Berkadia Commercial Mortgage Leases Office Space in Charleston
News Summary Berkadia Commercial Mortgage has finalized a lease for 2,625 square feet at 121 Calhoun Street, achieving full occupancy for the property. This prime location is expected to boost...
South Carolina’s Thriving Tourism Sector Fuels Economic Growth
News Summary South Carolina’s tourism industry has seen remarkable growth, generating over $29 billion annually and supporting 10% of jobs in the state. During the 60th Governor’s Conference on Travel...
Aiken’s Population Growth and Economic Development
News Summary Aiken, South Carolina, is experiencing steady growth with projections indicating a population of 33,216 by 2024. Key attractions include Southern culture, favorable weather, and lower living costs, making...
Local Business Owner Recognized as State Small Business Person of the Year
News Summary Michael Haldeman, owner of SpokeWorks Bicycle Workshop in Summerville, has been honored as South Carolina’s State Small Business Person of the Year by the U.S. Small Business Administration....
AIRSYS Cooling Technologies Expands to Spartanburg County
News Summary AIRSYS Cooling Technologies is expanding its operations with a $40 million investment in a new global headquarters in Woodruff, Spartanburg County. This development will create 215 new jobs...
South Carolina Showcases 20 Promising Startups
News Summary South Carolina is highlighting 20 standout startups that exemplify innovation across diverse industries such as technology, lifestyle, and life sciences. These companies, launched within the last five years,...
AIRSYS Cooling Technologies Invests in New Headquarters
News Summary AIRSYS Cooling Technologies has announced a $40 million investment to establish its global headquarters in Woodruff, Spartanburg County, creating 215 new jobs. The new facility, covering 264,000 square...
