Economists see good times ahead for Charleston, S.C., according to a report in the Post and Courier (see: "Economists: S.C.’s economy, driven by Charleston and Upstate, to outpace nation through 2017," by Warren L. Wise). "The Palmetto State, with its growing industrial might and diversified base, should see economic growth of 3.6 percent this year and 3.8 percent in 2017, Wells Fargo Securities economists Mark Vitner and Misa Batcheller said in a recent report," the paper reported.
Boeing builds its 787 Dreamliner aircraft in North Charleston, the paper noted, with strong overseas sales and a backlog of orders (below, see planes being assembled at the Boeing facility). Automaker Volvo has a manufacturing plant near the city, and Mercedes-Benz is building another auto plant in the area. "The influx of new industry and service-providers has also led to a boom in apartment construction," the paper reported. "About 15,000 units could join the nearly 35,000 already on the ground in the Charleston area, according to Cathy Hontz of RentPath of Mount Pleasant and a board member of the Charleston Apartment Association."
International shipping is also adding energy to Charleston's nearby Low Country neighbor, Savannah, Ga., reported Business in Savannah (see: "PortSide: Savannah first U.S. port to join Seafarers," by Mary Carr Mayle). Commercial space is in high demand in Savannah for a reason, the business news site noted: "First, the space crunch is primarily the result of Georgia Ports Authority out-performing every other container port in the country during the West Coast labor crisis, which has helped it permanently retain nearly a quarter of the cargo that was 'temporarily' diverted here a year ago while also creating new business opportunities."