Charleston Business News

BUSINESS NEWS
Huntington Bank to Expand in the Carolinas
News Summary Huntington National Bank has announced plans to open approximately 55 new branches in North and South Carolina over the next five years. This expansion comes amid significant population...
South Carolina and Canada Forge $5 Billion Trade Partnership
News Summary South Carolina has established a historic trade partnership with Canada, reaching a remarkable $5 billion in bilateral trade. This relationship has seen significant increases in investments and job...
South Carolina Crowned Growth Champion of 2024
News Summary South Carolina has been recognized as the number one growth destination in the U.S. for 2024, according to a recent U-Haul report. The state has seen a significant...
Raleigh Named Best-Performing Large City in the U.S.
News Summary Raleigh, North Carolina has climbed to the top as the best-performing large city in the U.S., according to the Milken Institute’s 2025 report. This vibrant city has shown...
Seahorse Cocktail Bar Opens in Charleston
News Summary Charleston welcomes the Seahorse cocktail bar, which opened its doors on February 4, 2025. With a coastal-inspired menu crafted by award-winning drinks curator Christian Favier, Seahorse offers a...
Exploring the World of Vintage Coin Collecting in Charleston
News Summary Charleston Rare Coins is a treasure trove for coin enthusiasts in Charleston, SC. Founded by John McGrath, the shop specializes in historic coins and aims to inspire others...
HII to Acquire W International in Charleston
News Summary HII, a Navy shipbuilder, is set to acquire the local metal fabricator W International in Charleston, South Carolina. This strategic move aims to bolster submarine module construction capabilities...
Leadership Changes at Colliers | South Carolina
News Summary David M. Feild has been appointed as the new CEO of Colliers | South Carolina effective January 6, 2025, succeeding John W. Folsom, who transitions to Non-Executive Chairman....
Blythewood, South Carolina Embraces Electric SUV Manufacturing
News Summary Blythewood, SC is set to welcome Scout Motors, a company linked to Volkswagen, as it plans to build an electric SUV plant by 2027. The project, which aims...
FINANCE
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
South Carolina and Canada Forge $5 Billion Trade Partnership
News Summary South Carolina has established a historic trade partnership with Canada, reaching a remarkable $5 billion in bilateral trade. This relationship has seen significant increases in investments and job...
South Carolina Crowned Growth Champion of 2024
News Summary South Carolina has been recognized as the number one growth destination in the U.S. for 2024, according to a recent U-Haul report. The state has seen a significant...
HII to Acquire W International in Charleston
News Summary HII, a Navy shipbuilder, is set to acquire the local metal fabricator W International in Charleston, South Carolina. This strategic move aims to bolster submarine module construction capabilities...
Charleston’s Star Gospel Mission Takes Bold Step to Combat Homelessness
News Summary The Star Gospel Mission in Charleston is launching a $20 million development project aimed at addressing homelessness. This initiative honors Doug Donehue’s legacy and aims to enhance the...
Power Restoration Efforts in North and South Carolina Following Hurricane Helene
News Summary In the aftermath of Hurricane Helene, over 21,000 Duke Energy workers are engaged in restoring power to approximately 904,000 customers across North and South Carolina. The storm caused...
Greenville’s Contender Development Expands into North Carolina
News Summary Contender Development, based in Greenville, is making significant strides in the North Carolina housing market. With control over 9,000 lots statewide and plans for a massive project in...
Columbia Appoints William Kirkland as New SCRA Chair
News Summary The South Carolina Research Authority (SCRA) welcomes William Kirkland as the new chair of its board of trustees, appointed by Governor Henry McMaster. Kirkland’s extensive experience in economic...
South Carolina Named Top Growth State for 2024
News Summary A recent U-Haul report has identified South Carolina as the number one growth state for 2024, surpassing Texas. With a lower cost of living, mild climate, and robust...
Charleston Welcomes New Leadership at Landmark Construction Co. Inc.
News Summary Landmark Construction Co. Inc. in Charleston, SC, appoints Anthony M. Garcia as its new president and CEO, succeeding Rick Mixson after 26 years. Garcia aims to foster customer...
MARKETING
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REAL ESTATE
South Carolina and Canada Forge $5 Billion Trade Partnership
News Summary South Carolina has established a historic trade partnership with Canada, reaching a remarkable $5 billion in bilateral trade. This relationship has seen significant increases in investments and job...
South Carolina Crowned Growth Champion of 2024
News Summary South Carolina has been recognized as the number one growth destination in the U.S. for 2024, according to a recent U-Haul report. The state has seen a significant...
HII to Acquire W International in Charleston
News Summary HII, a Navy shipbuilder, is set to acquire the local metal fabricator W International in Charleston, South Carolina. This strategic move aims to bolster submarine module construction capabilities...
Leadership Changes at Colliers | South Carolina
News Summary David M. Feild has been appointed as the new CEO of Colliers | South Carolina effective January 6, 2025, succeeding John W. Folsom, who transitions to Non-Executive Chairman....
Charleston’s Star Gospel Mission Takes Bold Step to Combat Homelessness
News Summary The Star Gospel Mission in Charleston is launching a $20 million development project aimed at addressing homelessness. This initiative honors Doug Donehue’s legacy and aims to enhance the...
Greenville’s Contender Development Expands into North Carolina
News Summary Contender Development, based in Greenville, is making significant strides in the North Carolina housing market. With control over 9,000 lots statewide and plans for a massive project in...
Huntington National Bank Expands in the Carolinas
News Summary Huntington National Bank is set to open approximately 55 new branches across North and South Carolina over the next five years. This expansion will create over 350 jobs...
South Carolina Named Top Growth State for 2024
News Summary A recent U-Haul report has identified South Carolina as the number one growth state for 2024, surpassing Texas. With a lower cost of living, mild climate, and robust...
Charleston’s Franchise Boom: Opportunities Ahead
News Summary Charleston, South Carolina, is set to see a significant economic boost by 2025, with 1,205 new franchise businesses leading to the creation of 32,663 jobs. This franchise growth...