Charleston Economic News: Major Investments and Developments

Exciting economic developments are unfolding in Charleston and the surrounding areas! Here’s a roundup of the latest news:

• CBRE Loan for The Marketplace at Carnes Crossroads: CBRE has secured a $30.9 million construction loan for an 82,622-square-foot Publix-anchored shopping center in Goose Creek.

• Breeze Airways Expands Services: Breeze Airways has resumed nonstop service from Charleston to Los Angeles, which will increase to four times weekly starting June 12.

• New Spirit Airlines Route: Spirit Airlines is adding a nonstop flight from Charleston International Airport to Detroit (DTW) beginning July 10.

• Columbia Vehicle Group’s New Facility: Columbia Vehicle Group, an electric vehicle manufacturer, is establishing its first South Carolina facility in Aiken County. This $12.2 million investment will create 180 new jobs.

• Sustainable Battery Ecosystem: German-based Kontrolmatik, in collaboration with Pomega Energy and Siemens, is developing a sustainable battery ecosystem in South Carolina. A $300 million, 500,000-square-foot factory in Colleton County is set to begin production this year, creating over 500 new jobs.

• Masters Steel Expansion: Masters Steel, a structural steel fabrication and erection company in Jasper County, is expanding its operations with a $10 million investment, adding 14 new jobs.

• Orangeburg-Calhoun Technical College: Orangeburg County has started construction on the new campus for Orangeburg-Calhoun Technical College in Holly Hill.

• TTS Studios Expansion: TTS Studios plans to invest $845,000 in its Charleston County operations, creating 14 new jobs.

• Tradd Advisory Growth: Freight transportation services provider Tradd Advisory is expanding in Mount Pleasant with an $88,800 investment, expected to create 100 new jobs over the next five years.

• Technical College of the Lowcountry: Construction has begun on the Technical College of the Lowcountry’s $26 million workforce training center, which will increase the capacity by 850 students.

• GovCIO’s New Office: Technology contractor GovCIO has opened its first Charleston office and high-tech lab near Joint Base Charleston and U.S. Naval Information Warfare Center Atlantic.

• International African American Museum Grant: The museum has received a $1 million grant from The Duke Endowment.

• Nucor Steel Berkeley Expansion: Nucor Steel Berkeley has started constructing a new galvanizing line with a $425 million investment, creating over 50 new jobs.

These significant investments and expansions signal a bright future for the Charleston area economy!