2011 THE BUSINESS JOURNAL FOR GREENVILLE, SPARTANBURG & ANDERSON MARKET FACTS Sponsored by G O V E R N M E N T D E M O G R A P H I C S E M P L O Y M E N T & E C O N O M I C D EV E L O P M EN T E D U C A T I O N M E D I C A L & H E A L T H C AR E F I N AN C I A L S E R V I C E S BU SI N E S S R E S O U R C E S
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2011
THE BUSINESS JOURNAL FOR GREENVILLE, SPARTANBURG & ANDERSON
MARKETFACTS
Sponsored by
GOVE
RNME
NT
DEM
OGRAPHICS EMPLOYMENT & ECONOMIC DEVELOPMENT EDUCATI ON MEDICAL & HEALTH CARE FINANCIAL SERVICES
sc Business Publications LLcA portfolio company of Virginia Capital Partners LLC
Frederick L. Russell Jr., Chairman
Dear Reader,
As we go to press with our third edition of Market Facts, the country continues to work its way out of a multi-year recession. A staggering budget deficit, downgraded credit rating and international credit crisis, as well as the possibility of a double-dip recession loom over the economy. It’s enough to make anyone want to run up the white flag.
But our country and our region have experienced such setbacks in the past. Our region has trans-formed itself from a faded textile center into a global manufacturing powerhouse and high-tech research center.
Businesses small and large employ hard work, determination and entrepreneurship across the Upstate to reinvent themselves and find success in new opportunities. The past few years have brought change and success. Most businesses have faced difficult decisions as they try to retain staff, maintain the bottom line, or simply stay afloat. Others have found in these uncertain times opportunities to start new ventures or expand their operations.
Decision-makers know uncovering those new opportunities requires keeping up with business news and trends. Access to data is critical to ensure a complete business news picture.
Our research, editorial and production team, Allison Cooke Oliverius, Scott Miller and Kevin Greene, have worked hard to improve the readability of this year’s Market Facts and to create an even more useful tool for learning about the trends affecting our region. The facts and figures are not only important for business planning and research; they are an important element of business success.
This year, we have added new data sets throughout the publication and changed many of the graphs, charts and tables. To make the information easy to read, we have included art, shading and highlighting of important facts; we also included footnotes and explanations.
I believe you will find Market Facts to be a useful tool in business planning and research. Market Facts is a useful companion publication to our annual Book of Lists. You can pair the largest companies in the Book of Lists with the statistics and other data in Market Facts for a holistic view of the region’s business community.
I want to recognize our title sponsors, TD Bank and UBS, and all of our section sponsors and advertisers for enabling us to provide this valuable resource for the region’s business leaders and decision-makers.
Lisa Jones, Publisher
2011 MARKETFACTS
sUBscrIPtIon InFormatIon
Annual subscribers receive 26 issues of GSA Business, plus the special supplement: The Book of Lists.
One year (26 issues) for $49.95; two years (52 issues) for $84.95; three years (78 issues) for $119.95.
New subscribers: Subscribe online at www.gsabusiness.com or call 843-849-3116.
Current subscribers:Renew, change your address or pay your invoice by credit card
online at www.gsabusiness.com or call 843-849-3116.
The entire contents of this publication are copyright by SC Business Publications LLC with all rights reserved. Any reproduction
or use of the content within this publication without permission is prohibited. SCBIZ and South Carolina’s Media Engine for Economic Growth are registered in the
We enjoy being a part of our commu-nity and we consider ourselves very much a part of its future. This is the reason we are proud to support this year’s GSA Market Facts issue.
As one of the world’s leading wealth managers, UBS is powerfully po-sitioned to address the new realities of today’s global economy. Our focus, leadership and resources, delivered by dedicated and passionate professionals, are uniquely aligned to instill the trust and confidence that investors are seeking.Strong capabilities are essential, however the most important thing is the relationships we have with our clients and their families. If you’re looking for a financial advisor who will explore with you ideas you have about your life, family, goals and aspirations today and your priorities for the future, please give us a call.
At TD Bank, America’s Most Convenient Bank®, we’re excited to be a part of the Upstate business community and pride ourselves on provid-ing More Bank For Your Business. Our message to small businesses is that we are here to lend, when they are ready to borrow. As one of the 10 largest banks in the U.S. with more than 150 years of service to com-munities from Maine to Florida, we have the resources to offer a wide range of products and services delivered with exceptional, personalized and local service. We offer deposit accounts, investment, insurance, merchant services and mortgage products that best meet the needs of your company. And our business banking relationship managers ensure that you receive the high-
est level of service throughout the small business lending process. We’re proud to sponsor the Market Facts issue as a valuable resource to the
business community. TD Bank and our employees are committed to the communities we serve.
Sincerely,
Rob HoakRegional PresidentTD Bank, America’s Most Convenient Bank
Rob Hoak,Regional President
Marvin Beasley, Branch Manager
Section Sponsors
EMPLOYMEnT & ECOnOMIC DEVELOPMEnT
EDUCaTIOn
FInanCIaL SERVICES
BUSInESS RESOURCES
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DEMOGRaPHICS
EMPLOYMEnT & ECOnOMIC DEVELOPMEnT
EDUCaTIOn
MEDICaL & HEaLTH CaRE
FInanCIaL SERVICES
BUSInESS RESOURCES
GOVERnMEnT
SECURITIES AND INSURANCE | NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Bank deposits FDIC insured. | TD Bank, N.A. | Equal Housing Lender | Loans subject to credit approval.Securities and other investment and insurance products are: not a deposit; not FDIC insured; not insured by any federal government agency; not guaranteed by TD Bank, N.A. or any of its affiliates; and, may be subject to investment risk, including a possible loss of value.TD Wealth Management is a service mark of The Toronto-Dominion Bank. Used with permission.TD Insurance is a service mark of The Toronto-Dominion Bank. Used with permission.
Ready, set, gRowUpstate South Carolina, with abundant manufacturing and service jobs and scenic beauty,
attracts new residents daily. The 2010 Census, released this year, demonstrates the region’s
pull: Anderson County, for example, grew by 12.9% since the 2000 Census. Almost 10%
of the state’s 4.6 million people live in Greenville County. The 10 Upstate counties added
141,500 people.
Counties at a GlanCe abbeville countyPopulation (2010) ..................... 25,417Labor force (June 2011) ........... 11,106Unemployment rate (June 2011) ... 13%Median household income (2009) ........................ $33,995
anderson countyPopulation (2010) ................... 187,126Labor force (June 2011) ........... 88,580Unemployment rate (June 2011) ... 11%Median household income (2009) ........................ $41,399
cherokee countyPopulation (2010) ..................... 55,342Labor force (June 2011) ........... 24,846Unemployment rate (June 2011) ...14.40%Median household income (2009) ........................ $35,807
Greenville countyPopulation (2010) ................... 451,225Labor force (June 2011) ......... 225,703Unemployment rate (June 2011) ..904.00%Median household income (2009) ........................ $45,917
Greenwood countyPopulation (2010) ..................... 69,661Labor force (June 2011) ........... 30,929Unemployment rate (June 2011) ...12.40%Median household income (2009) ........................ $39,586
Laurens countyPopulation (2010) ..................... 66,537Labor force (June 2011) ........... 32,491Unemployment rate (June 2011) ...11.60%Median household income (2009) ........................ $36,910
oconee countyPopulation (2010) ..................... 74,273Labor force (June 2011) ........... 31,391Unemployment rate (June 2011) ...11.30%Median household income (2009) ........................ $39,840
Pickens countyPopulation (2010) ................... 119,224Labor force (June 2011) ........... 57,617Unemployment rate (June 2011) ...10.10%Median household income (2009) ........................ $40,357
spartanburg countyPopulation (2010) ................... 284,307Labor force (June 2011) ......... 135,426Unemployment rate (June 2011) ...11.70%Median household income (2009) ........................ $40,278
Union countyPopulation (2010) ..................... 28,961Labor force (June 2011) ........... 11,336Unemployment rate (June 2011) ...17.30%Median household income (2009) ........................ $32,361Sources: U.S. Census Bureau, QuickFacts; U.S. Bureau of Economic Analysis; S.C. Department of Employment and Workforce
DEMOGRaPHICS
451,225That’s the population of Greenville County, making it the largest county in South Carolina. Greenville County’s population has increased 18.9% since 2000. The other counties joining Greenville County in the top five for population count include Richland, with a population of 384,504, up 19.9%; Charleston, 350,209, up 13%; Spartanburg, 284,307, up 12%; and Horry, 269,291, up 37%.Source: U.S. Census Bureau
www.gsabusiness.com | GSA Business 5
MaRKET FaCTS 2011 | DEMOGRaPHICSDEM
OGRAPHICS
2000 2010 Incorporated Place 2010 Percent 1 1 Columbia 129,272 11.2 2 2 Charleston 120,083 24.2 3 3 North Charleston 97,471 22.4 6 4 Mount Pleasant 67,843 42.5 5 5 Rock Hill 66,154 32.9 4 6 Greenville 58,409 4.3 12 7 Summerville 43,392 56.4 8 8 Sumter 40,524 2.2 9 9 Hilton Head Island 37,099 9.6 10 10 Florence 37,056 22.5 7 11 spartanburg 37,013 -6.7 11 12 Goose Creek 35,938 23.0 14 13 Aiken 29,524 16.5 15 14 Myrtle Beach 27,109 19.1 13 15 anderson 26,686 4.6
Source: U.S. Bureau of Economic Analysis Compiled by InfoMentum - A Decision Support System for Upstate South Carolina
upstate Population [1990, 2000 and 2010]
Source: U.S. Census Bureau (1) Upstate = Region covering the individual counties listed above Compiled by InfoMentum - A Decision Support System for Upstate South Carolina
PoPU
LatI
on r
ank
PoPU
LatI
on
chan
Ge F
rom
200
0 to
201
0
largest Municipalities in s.C.
Source: U.S. Census Bureau
Carpools to work
Takes public transportation to work
Walks to work
Takes other means to work
Works at home
Carpools to work
Takes public transportation to work
Walks to work
Takes other means to work
Works at home
Commuting to WorkOf the combined 396,462 residents 16 years old and older who are working in Anderson, Greenville and Spartanburg counties, an average of 84.63% drive alone to work. The average commute time is 21.8 minutes.
84.63%9.56%
.80%1.73%.43%
2.80%
Source: U.S. Census Bureau, American Community Survey, 2009
Union ..................................................0 (pop. 28,961)
Upstate Region .......................... 6,866 (pop. 1,362,073)
South Carolina ......................... 20,443(pop. 4,625,364)
Upstate region = ACOG counties, plus Abbeville, Greenwood, Laurens and Union counties. Population figures = 2010 Census, U.S. Census Bureau. Sources: Upstate Economic Developers, S.C. Department of Commerce
eMPloyMent andeConoMiC develoPMent
That’s the number of publicly traded companies in the Upstate as of August 2011. According to the S.C. Department of Commerce, the state has 17 publicly traded companies, more than half of which are located in the Upstate. see LIst PaGe 8
10
geaRed to succeedGreenville County reported 1,700 new jobs were created in 2010 and 1,100 more have been
added in the first half of 2011. Unemployment remains stubbornly high, but new businesses
are created and established businesses expand weekly. BMW Manufacturing Co. announced
plans to hire 100 professional employees and spend $100 million at its Spartanburg County
plant on top of the $750 million it spent during the recession to add a new assembly line.
When the ZF Group unveiled a plan this year to build its first transmission plant outside
Germany in Laurens County, the Upstate’s status as a global automotive center is assured.
EMPLOYMEnT & ECOnOMIC DEVELOPMEnT | MaRKET FaCTS 2011EM
PLOY
MEN
T &
ECO
NOM
IC
DEVE
LOPM
ENT
County-level unemployment for south Carolina
County-level Median Household income for the upstate
Daily Upstate Business News from GSA Business
GSA DAILY
MORNINGBLENDGSA
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sign up today at gsabusiness.com/resources/new
Company county Jobs
Proterra Inc. Greenville 1,300Amazon.com Inc. Lexington 1,249AQT Solar Inc. Richland 1,017First Quality Tissue Anderson 1,000ZF Group North America Laurens 900Caterpillar Inc. Newberry 500CT&T Southeast Spartanburg 370Robert Bosch Dorchester 305ACAS Landing Gear Services Marion 300Science Applications International Corp. Charleston 300
Source: S.C. Department of Commerce
0%
5%
10%
15%
20%
Abbe
ville
Co
unty
Ande
rson
Co
unty
Cher
okee
Co
unty
Gree
nvill
e Co
unty
Gree
nwoo
d Co
unty
Laur
ens
Coun
ty
Ocon
ee
Coun
ty
Pick
ens
Coun
ty
Spar
tanb
urg
Coun
ty
Unio
n Co
unty
Sout
h Ca
rolin
a
2006
2007
2008
2009
2010
2006 2007 2008 2009 201019.3%
Unemployment in Union County for 2009.
Abbe
ville
Co
unty
Ande
rson
Co
unty
Cher
okee
Co
unty
Gree
nvill
e Co
unty
Gree
nwoo
d Co
unty
Laur
ens
Coun
ty
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ee
Coun
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Pick
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Spar
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Coun
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Unio
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Sout
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a
County Median Household % of State Median Income (2009) Household Income
Source: U.S. Department of Labor, Bureau of Labor Statistics
Source: U.S. Census Bureau
company name symbol Location
3D systems corp. DDD Rock Hilladvance america cash advance centers Inc. aea SpartanburgaVX corp. aVX Fountain InnBlackbaud Inc. BLkB Charlestoncomputer software Innovations cswI EasleyDelta apparel Inc. DLa GreenvilleDenny’s corp. Denn SpartanburgForce Protection Inc. FrPt Summervillekemet corp. kem Simpsonvillescana corp. scG Caycescansource Inc. scsc Greenvillesenetek PLc. snktY Hilton Headsonoco Products co. son Hartsvillespan-america medical systems Inc. sPan Greenvillesynalloy corp. sYnL SpartanburgUcI medical affiliates Inc. UcIa Columbiaworld acceptance corp. wrLD Greenville
Public Companies in s.C.*
Source: S.C. Department of Commerce, August 2011 *Does not include banks.
(1) Number of persons, in thousands, seasonally adjusted. (2) In percent, seasonally adjusted. (3) Reflects revised population controls, model re-estimation and new seasonal adjustment. (P) Preliminary data extracted on Aug. 12, 2011. Source: U.S. Bureau of Labor Statistics
upstate employment and Wage estimates [May 2010] MSA employment median hourly wage mean hourly wage mean annual salary
MaRKET FaCTS 2011 | EMPLOYMEnT & ECOnOMIC DEVELOPMEnT
$13.7 Billion economic output in South Carolina since 1983
16,000 high wage-earning jobs with salaries of $55-77K
230 new SC-based technology companies assisted by SC Launch, an SCRA program that was recognized by Forbes for e�ective economic development
$143 Million in venture capital secured by SC Launch-supported companies
11 tech companies have relocated to SC with SCRA assistance
3 SCRA Innovation Centers for commercializing technology
www.scra.org
Our success ensures that we will continue to generate impressive outcomesfor our Federal and Corporate clients and for the state of South Carolina.
annual revenues have grown from$89M to $197M in the past 5 years.
Major employerscompany Local employees
State of South Carolina 12,139Greenville Hospital System University Medical Center 9,800Greenville County Schools 8,847BMW Manufacturing Co. 7,000BI-LO 5,127Spartanburg Regional Healthcare System 5,000Clemson University 4,446Bon Secours St. Francis Health System 3,500AnMed Health 3,450GE Energy 3,300Milliken & Company 3,100MAU Workforce Solutions 3,042Self Regional Healthcare 2,350Fluor Corp. 2,346School District of Pickens County 2,250Sealed Air Corp. 2,200Human Technologies Inc. 2,100Michelin North America 1,860Greenville County 1,837Charter Communications 1,800Anderson County School District 5 1,759Bob Jones University 1,563Oconee Medical Center 1,458Greenville Technical College 1,429Spartanburg County 1,409
EMPLOYM
ENT &
ECONOM
IC DEVELOPM
ENT
company 2010 U.s. Patents assigned
milliken & co. ............................................................................................... 36sealed air corp. ........................................................................................... 17kemet corp. ................................................................................................. 13clemson University ....................................................................................... 12clemson University research Foundation .................................................. 12Poly-med Inc. ..................................................................................................7Jacobs chuck manufacturing co. ..................................................................6compx International Inc. ................................................................................4head’s select Inc. ...........................................................................................4Innegrity LLc ...................................................................................................3tactical medical solutions Inc. ......................................................................3woven electronics LLc, a tsI company .........................................................3Guardian Building Products Inc. ....................................................................2head ornamentals Inc. ...................................................................................2International specialty services Inc. .............................................................2Jackson & Perkins wholesale Inc. ................................................................2mcLaughlin Group Inc. ...................................................................................2Professional tool Products LLc .....................................................................2Prym consumer Usa Inc. ................................................................................2Source: GSA Business Research Department
exCellent RePoRt CaRdEach year, every public school in South Carolina receives a report card as part of the state’s education accountability system. The reports are accessible online and demonstrate each school’s and each school district’s performance. An “excellent” rating means the school or district’s performance substantially exceeds the standards for progress toward the 2020 S.C. Performance Vision.
Of the 23 school districts in the Upstate, Anderson 1 and Greenwood 52 were the only two districts to receive an excellent Absolute rating. see chart PaGe 14
For more information on the report cards, visit ed.sc.gov.
doctoRs, business leadeRs & engineeRs
Greenville Hospital System University Medical Center took a big step toward becoming a
major medical school under the brand and accreditation of the University of South Carolina
School of Medicine. Clemson University’s Center for Emerging Technologies at its Internation-
al Center for Automotive Research campus in Greenville — also known as CU-ICAR — will
open a 60,000-square-foot building where dozens of emerging or established companies can
expand and develop technologies that complement research of Clemson faculty and engineer-
ing students. And Clemson’s graduate business school relocated to the Falls of the Reedy, put-
ting its students in a position to rub elbows with Greenville’s dynamic business center.
Numbers represent 2010-2011 school year. Source: S.C. Department of Education
Ratings are for Absolute performance for each school district in the Upstate. Source: S.C. Department of Education
Since 2001, schools and school districts in South Carolina have received academic performance ratings for Absolute performance and Growth performance. Ratings for schools are based on multiple criteria including various standardized test scores and on-time graduation rate.
www.gsabusiness.com | GSA Business 15
MaRKET FaCTS 2011 | EDUCaTIOnED
UCATION
Institution (costs are for 2010-2011 school year) Public/Private In-state
Bob Jones University Private $12,129
Brown Mackie College Private $12,768
Clemson University Public $11,854
Converse College Private $26,138
Furman University Private $37,728
Greenville Technical College Public $3,616
Lander University Public $9,144
North Greenville University Private $12,820
Piedmont Technical College Public $3,540
Southern Wesleyan University Private $19,000
Strayer University Private $12,720
The University Center (Consortium of 8) Private/Public Varies by school
For the fiscal year ended June 30, 2010, 26.9% of every dollar earned by the S.C. Education Lottery was transferred to the Education Lottery Account for the General Assembly to appropriate to support education programs for students of all ages in South Carolina.According to the Lottery Commission, the distribution of lottery funds through Nov. 18, 2010 by county included:
annual tuition Costs for upstate Regional Colleges and universities (Full-time undergraduate students)
Sources: www.sciway.net, S.C. Commission on Higher Education, Individual websites
• $599 million directed to support South Carolina’s public schools
• $20.1 million appropriated to the Allied Healthcare Initiative to address the state’s skilled healthcare workforce shortage in FY 2006-07 and FY 2009-10
• $14.7 million to South Carolina counties for local libraries from FY 2002-03 through FY 2007-08
• $2.5 million to programs that provide gambling addiction treatment from FY 2002-03 through FY 2007-08
S.C. eduCation SnapShotthere were a total of 718,113 students enrolled in
86 school districts during the 2008-09 school year, according to the u.S. department of education. Fifty-two percent of students were low-income; 4.4% were limited english proficient students.South Carolina schools received $1.59 billion from
the federal government for elementary and secondary education programs for fiscal year 2009, up 407% since 2001. the state’s high school graduation rate for the 2007-
08 school year was 74.9%.
Source: U.S. Department of Education
lottery fuels schools
county k-12 scholarship awards
scholarship amounts Library totals
Anderson $15,760,728.85 38,131 $50,239,009.57 $436,193.60
17 North Carolina 16.118 Colorado 15.819 Wyoming 15.2
United states 15.1
20 Utah 14.621 Kentucky 14.522 Indiana 14.322 Tennessee 14.324 West Virginia 14.225 Alabama 13.826 Washington 13.427 Illinois 13.328 Kansas 13.228 Missouri 13.230 South Dakota 13.131 New Jersey 12.632 Michigan 12.232 Ohio 12.234 Nebraska 11.934 Virginia 11.936 New York 11.437 Rhode Island 11.338 Maryland 11.139 Maine 10.540 Delaware 10.240 New Hampshire 10.242 Pennsylvania 9.943 North Dakota 9.744 Wisconsin 9.445 Minnesota 9.146 Connecticut 8.847 Iowa 8.647 Vermont 8.649 District of Columbia 749 Hawaii 751 Massachusetts 4.2
total Population Without Health insurance
Data Set: 2009 American Community Survey 1-Year Estimates Survey: American Community Survey Note: Margin of error +/- 1.2
anderson
spartanburg
Greenville
south Carolina
HeaRt disease
HeaRt disease
HeaRt disease
HeaRt disease
stRoKe
stRoKe
stRoKe
stRoKe
all CanCeRs
all CanCeRs
all CanCeRs
all CanCeRs
68%
59%
16%
20%
20%
18%
16%
21%
15%
16%
65%
66%
Source: S.C. Department of Health and Environmental Control
Source: S.C. Department of Health and Environmental Control, 2008 data
heart Disease stroke all
cancers
Anderson $176.2 $26.6 $33.2
Greenville 284.4 44.7 79.4
Spartanburg 183.9 45.5 64.2
S.C. 2,664.8 484.1 717.4
Medical care for hospitalized patients suffering from heart disease, stroke and all cancers imposes a heavy direct economic burden in South Carolina. In 2006, heart disease alone was responsible for hospital charges totaling $2.4 billion (primary diagnosis). By 2008, that number had increased to $2.6 billion.
An average of 17.4% of Upstate residents do not have health insurance, according to the Census Bureau’s 2009 American Community Survey. Anderson County has the lowest percentage of uninsured at 16.4%, while Greenville and Spartanburg counties have a larger amount of uninsured residents at 17.8% and 18.1% respectively.
Health insurance Coverage status by County
GSA Business | www.gsabusiness.com18
FInanCIaL SERVICES | MaRKET FaCTS 2011
nuMbeR oF savinGs institutions & total dePosits, 2010
Total Number of Deposits County Savings Inst. (Millions)
Abbeville 1 $64 Anderson 1 $1 Cherokee 2 $166 Greenville 5 $377 Greenwood 1 $- Laurens 1 $- Oconee 3 $281 Pickens 2 $82 Spartanburg 3 $105 Union 1 $- ACOG Region NA $1,012 Upstate Region NA $1,076 state 27 $5,994 Source: Federal Deposit Insurance Corporation, OTS Summary Tables Note: Data reflects the deposits and institutions as of June 30th of each year. ACOG Region = Anderson, Cherokee, Greenville, Oconee, Pickens & Spartanburg Counties NA = Not Available Compiled by InfoMentum - A Decision Support System for Upstate South Carolina
FInanCIaL SERVICES
This section sponsored by
show me the moneySeven banks in South Carolina failed and were closed last year through July 2011. But two
large banks, Wells Fargo and TD Bank, entered the South Carolina market after acquiring
struggling banks, bringing new sources of capital to the state. There are indications busi-
ness is improving. Tier One capital ratios for the state’s 83 banks averaged nearly 9%, an
indication financial institutions are well-capitalized, according to the FDIC.
dePosit MaRKet sHaRe RePoRt
19.68%TD Bank has a market share of 19.68% based on deposits as of June 30, 2010, Greenville MSA.
1 Economic development allies in Greenville County collect quarterly cost of living data for their respective counties on a rotating basis. Source: 2010 Quarterly Cost of Living Index (www.coli.org), The Council for Community and Economic Research (C2ER), www.C2ER.org Compiled by InfoMentum - A Decision Support System for Upstate South Carolina
2011 2010 2009
Net income (loss) ($1 million) ($172 million) ($57 million)
Total assets $38.50 billion $58.15 billion $56.77 billion
Total deposits $31.89 billion $47.62 billion $43.71 billion
Net interest margin 3.59% 3.32% 3.25%
Percent of unprofitable banks 31.33% 35.96% 32.95%
Percent of banks with earnings gains 42.17% 38.20% 25.00%
Nonperforming asset ratio 5.38% 5.20% 2.96%
Capital to risk-weighted assets 15.01% 12.56% 12.56%
Hous
ing
inde
x
Capital Flowwhile bank losses narrow and margins improve, nearly a third of state banks are unprofitable. Data includes the past three years’ first quarter data for all federally insured institutions operating in the Palmetto state.
TD Bank, N.A. | Some fees and restrictions may apply. Loans subject to credit approval. | Equal Housing Lender | TD Bank Group is a trade name for The Toronto-Dominion Bank. Used with permission. For detailed credit ratings for The Toronto-Dominion Bank and TD Bank, N.A. visit https://www.td.com/investor/credit.jsp. Credit Ratings are not recommendations to purchase, sell, or hold a fi nancial obligation inasmuch as they do not comment on market price or suitability for a particular investor. Ratings are subject to revision or withdrawal at any time by the rating organization.
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CAROLINA FIRST BANK IS NOW TD BANK.
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Institution state Bank class charter no. of local offices Local deposits ($000) market share
TD Bank NJ, ME N Federal 21 $2,500,268 19.68%
Wells Fargo Bank SD N Federal 24 $1,885,982 14.83%
Branch Banking & Trust NC NM State 22 $1,310,148 10.30%
Bank of America NC N Federal 19 $1,291,569 10.15%
Suntrust Bank GA SM State 25 $639,071 5.02%
Palmetto Bank SC NM State 16 $610,765 4.80%
First Citizens Bank & Trust SC NM State 17 $498,749 3.92%
Bank of Travelers Rest SC NM State 9 $460,273 3.62%
Greenville First Bank SC N Federal 4 $439,645 3.46%
CertusBank SC N Federal 4 $354,150 2.78%
deposit Market share Report Deposits as of June 30, 2010, Greenville msaSource: Federal Deposit Insurance Corp. There are 35 institutions in the Greenville market, however only the top 10, based on deposits, were used for this report.State = where the institution is headquartered. Bank Class = N: National Bbank; SM: Federal Reserve Member; NM: Federal Reserve Nonmember
Greenville cost, rewards compare favorably in s.C. Market shift 2008-2010
Wage and cost of living Website Salary.com analyzes the major cities around the country. Looking at South Carolina’s population centers, the cost of living is higher in Greenville than in five out of six major South Carolina cities. Of the South Carolina cities tracked by Salary.com, employers also pay less in Columbia, Rock Hill, Spartanburg, Florence and Sumter, but pay is higher in Charleston. Source: Salary.com cost of living wizard, GSA Business May 25, 2009
Greenville compared to... City Cost of living Employers pay
Columbia 2% lower 1.2% more Charleston 10.9% higher 0.4% less Rock Hill 11.6% lower 4.9% more Spartanburg 1.3% lower 1.0% more Florence 8.2% lower 2.9% less Sumter 14% lower 4.9% less Atlanta 14.1% higher 7.1% more Washington, D.C. 57.1% higher 16.1% more
-5.18 0.27 0.32 1.09 -0.58Source: FDIC data show top banks’ percentage-point gain or loss in market share.
We’ve helped businesses succeed through the Great Depression, the recent recession and every
market in between.
www.elliottdavis.com864.242.3370
loans Guaranteed by the u.s. small business administrationsouth carolina
Source: U.S. Small Business Administration
Mid-year figures show that SBA lending backed by the government has continued to rise in 2011. The number of loans hasn’t increased much; just the value of them. According to SBA data, the average size of an SBA loan in early 2011 was more than $560,000. That compares to about $460,000 in 2010 and around $268,000 in 2009.
tHe no. 1 MiCRo City is …Greenville, according to FDI Intelligence magazine.The ranking is based on economic potential, human resources, cost effectiveness, quality of life, infrastructure and business friendliness. The 10 micro cities have less than 100,000 residents. An independent collection of data by the FDI Intelligence division on 405 cities across North and South America was used in compiling the list.
top 10 micro cities of the Future
Rank City
1 Greenville2 Fredericton, New Brunswick3 Waterloo, Ontario4 Greenville, N.C.5 Bismarck-Mandan, N.D.6 Pocatello, Idaho7 Idaho Falls, Idaho8 Lyons, Kan.9 Kamloops, British Columbia10 Santa Fe Springs, Calif.
FDI Intelligence is a division of the Financial Times. It provides insight into globalization with information on foreign direct investment and associated activities.
sPaRtanbuRG no. 2 in eConoMiC develoPMentSite Selection magazine’s March 2011 issue features Spartanburg as No. 2 in the nation for the total number of economic development projects in 2010 with 29 projects.The ranking is released annually and is based on the number of total projects per metro category.Spartanburg ranked second in the metros with populations 200,000 to 1 million category. The city ranked higher than Shreveport, La.; Greensboro, N.C. and Charleston.
Jobs, capital & seRvicesChambers of commerce help Upstate business owners and professionals with referrals to other
local organizations for additional services that any small business owner or budding entrepre-
neur may need. Economic development agencies promote the Upstate’s municipalities, counties
and region to outside companies as the perfect place to relocate, invest capital and create jobs.
Find help writing a business plan, growing your company or getting assistance with government
contracts. More business resources are available at www.gsabusiness.com/resources.
abbeville county Development BoardP.O. Box 533Abbeville, SC 29620864-366-2181www.abbevillecountysc.comSteve Bowles, development services director
alliance PickensP.O. Box 279509 S. Lewis St., Suite BPickens, SC 29671864-898-1500 x 100www.alliancepickens.comA. Ray Farley II CEcD, executive director
anderson county office of economic Development126 N. McDuffie St.Anderson, SC 29621864-260-4386www.andersoncountytoday.comBurriss Nelson, director
appalachian Development corp.3531 Pelham Road, Suite 100Greenville, SC 29615864-382-2350www.appalachiandevelopmentcorp.comDavid Mueller, COO
arthur m. spiro Institute for entrepreneurial Leadership at clemson University346 Sirrine HallClemson, SC 29634864-656-7235www.clemson.edu/spiroDavid Bodde, senior fellow
cherokee county Development Board101 Campus DriveGaffney, SC 29341864-206-2804http://cherokeecountydevelopmentboard.com/Jim Cook, executive director
economic Futures GroupP.O. Box 1636Spartanburg, SC 29304864-594-5000www.economicfuturesgroup.comDavid Cordeau, president/CEO; R. Carter Smith, executive vice president
Greenville area Development corp.233 N. Main St., Suite 250Greenville, SC 29601864-235-2008www.greenvilleeconomicdevelopment.comGerald K. Howard, president/CEO
Greenville county redevelopment authority
301 University Ridge, Suite 2500Greenville, SC 29601864-242-9801www.gcra-sc.orgMartin L. Livingston Jr., executive director
Greenwood Partnership alliance109 W. Court Ave. Greenwood, SC 29649864-388-1250www.greenwoodpartnershipalliance.comMark Warner, CEO
Greer Development corp.111-B S. Main St.Greer, SC 29650864-416-0125www.greerdevelopment.comReno Deaton, executive director
Innovate anderson126 N. McDuffie St.Anderson, SC 29621864-260-1061www.innovateanderson.comMichael T. Panasko, president
Laurens county economic Development corp.291 Professional Park Road Laurens, SC 29325864-939-0580http://laurenscounty.org/ed/Marvin Moss, executive director
michelin Development co.411 University RidgeGreenville, SC 29601864-458-6038www.michelindevelopment.usJohn D. Tully, president
new carolina, south carolina’s council on competitiveness1411 Gervais St., Suite 315Columbia, SC 29201803-760-1400www.newcarolina.orgGeorge Fletcher, executive director
oconee county economic Development commission502 E. Main St.Walhalla, SC 29691864-638-4210www.oconeesc.com/econdev/James W. Alexander
sc Launch5 Research Drive, Fourth FloorGreenville, SC 29607www.sclaunch.orgDave McNamara, executive director
scra-clemson office91 Technology DriveGreenville, SC 29625864-646-4500www.scra.orgBill Mahoney, CEO
Contact us today to get our staff working on your employee benefit needs.109 Laurens Rd. #3 | Greenville, SC 29607864-242-9441 | www.benefitcontrols.com
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south carolina appalachian council of GovernmentsP.O. Box 666830 Century CircleGreenville, SC 29606864-242-9733www.scacog.orgSteven R. Pelissier, executive director
south carolina economic Developers’ associationP.O. Box 17631122 Lady St., Suite 1115Columbia, SC 29201803-929-0305www.sceda.orgKeely F. Yates, association executive
south carolina Jobs - economic Development authority1201 Main St., Suite 1600Columbia, SC 29201803-737-0268http://scjeda.comHarry A. Huntley, executive director
south carolina Power team1201 Main St., Suite 1710Columbia, SC 29201803-254-9211http://scpowerteam.comRalph U. Thomas, president
spartanburg Development association1004 S. Pine St.Spartanburg, SC 29302864-585-1007www.thesda.orgDon Woodward, president/CEO
Union county Development Board207 S. Herndon St.Union, SC 29379864-319-1097http://unioncountydevelopment.comAndrena Powell-Baker, director
s.c. small Business chamber of commerce1717 Gervais St.Columbia, SC 29201803-252-5733www.scsbc.orgFrank Knapp, president/CEO
simpsonville area chamber of commerceP.O. Box 605211 N. Main St.Simpsonville, SC 29681864-963-3781www.simpsonvillechamber.comKelly Wilkins, president
spartanburg area chamber of commerceP.O. Box 1636105 N. Pine St.Spartanburg, SC 29304864-594-5000www.spartanburgchamber.comDavid Cordeau, president/CEO
Union chamber of commerce135 W. Main St.Union, SC 29379864-427-9039www.unionsc.infoTorance Inman, executive director
westminster chamber of commerceP.O. Box 155135 E. Main St.Westminster, SC 29693864-647-5316www.westminstersc.comSandra B. Powell, executive director
business assistanCe oRGanizations
Better Business Bureau 408 N. Church St., Suite CGreenville, SC 29601864-242-5052http://upstatesc.bbb.org/Kathy W. Barrett, president
minority Business Development agency - columbia1515 Richland St.Columbia, SC 29201803-743-1154www.scmbec.com
Piedmont technical collegeRoom 185B, 620 N. Emerald RoadGreenwood, SC 29648864-941-8769www.ptc.edu
s.c. association of counties1919 Thurmond MallColumbia, SC 29201Mailing address:P.O. Box 8207Columbia, SC 29202-8207803-252-7255, 800-922-6081www.sccounties.orgJoseph B. Dill, president
s.c. Business one stop803-898-5690www.scbos.com
s.c. Department of commerce 1201 Main St., Suite 1600Columbia, SC 29201-3200Mailing address:P.O. Box 927Columbia, SC 29202803-737-0400www.sccommerce.comRobert M. Hitt III, secretary
s.c. Department of Labor, Licensing and regulation(Professional & Occupational License)Synergy Business ParkKingstree Building110 Centerview DriveColumbia, SC 29210803-896-4300www.llr.state.sc.us
score, Piedmont chapterFederal Building 300 E. Washington St.Greenville, SC 29601864-271-3638
small Business Development center (sBDc)426 Sirrine HallClemson University, College of Business & Public AffairsClemson, SC 29634864-710-4717http://www.clemson.edu/centers-institutes/sbdc/Ben Smith, area managerClemson at the Falls, 55 E. Camperdown WayGreenville, SC 29601864-370-1545http://www.clemson.edu/centers-institutes/sbdc/Jill Burroughs, director; Scott Welchel, area manager; Melissa Thomas, consultant
south carolina manufacturing extension Partnership216 S. Pleasantburg Drive, Suite 283Greenville, SC 29607864-288-5687www.scmep.org Larry Jolly, regional vice president
south carolina minority Business enterprise center1515 Richland St.
Columbia, SC 29201803-743-1154www.scmbec.comDawn Jennings, project directorTri-County Community College, New Anderson Campus 511 Michelin Blvd.Anderson, SC 29625864-260-6700www.piedmontscore.org
spartanburg community collegeTyger River Campus, 1875 E. Main St.Duncan, SC 29334864-592-6317www.sccsc.edu
U.s. small Business administration, south carolina District office1835 Assembly St., Suite 1425Columbia, SC 29201803-765-5377www.sba.gov/scElliott O. Cooper, district director
MisCellaneous ResouRCes
Business trademarks & PatentsU.s. Patent & trademark officeheadquartersMadison Building, 600 Dulany St.Alexandria, VA 22314Customer Service: 571-272-1000 or 800-786-9199www.uspto.gov
state assistance:s.c. secretary of state’s office1205 Pendleton St., Suite 525Columbia, SC 29201803-734-0629www.scsos.com
Bar-coding & Universal Product code (UPc)GS1 US7887 Washington Village Drive Suite 300Dayton, OH 45459937-435-3870www.gs1us.org
s.c. trucking association2425 Devine St.P.O. Box 50166Columbia, SC 29250-0166803-799-4306www.sctrucking.org
Although every attempt is made to ensure the accuracy and thoroughness of GSA Business lists, omissions sometimes occur. Please send additions to: List Research, 1204B E. Washington St., Greenville, SC 29601 or via fax to 235-4868 or at http://www.gsabusiness.com/directory/update_lists.
s.C. senatethomas c. alexander (r)Businessman/owner, Alexander’s Office SupplyDist. No. 1 - Oconee and Pickens counties402 Gressette Building Columbia, SC 29201803-212-6220
Larry a. martin (r)Textiles, Alice Mfg. Co.Dist. No. 2 - Pickens County311 Gressette Building Columbia, SC 29201803-212-6340
kevin L. Bryant (r)PharmacistDist. No. 3 - Anderson County606 Gressette Building Columbia, SC 29201803-212-6024
william h. o’Dell (r)CEO, O’Dell Corp. Inc.Dist. No. 4 - Abbeville, Anderson and Greenwood counties610 Gressette Building Columbia, SC 29201803-212-6040
Phillip w. shoopman (r)Professional EngineerDist. No. 5 – Greenville County504 Gressette Bldg., Columbia 29201803-212-6032
michael L. Fair (r)InsuranceDist. No. 6 - Greenville County211 Gressette Building Columbia, SC 29201803-212-6420
ralph anderson (D)Retired postmasterDist. No. 7 - Greenville County
504 Gressette Building Columbia, SC 29201803-212-6032
David L. thomas (r)AttorneyDist. No. 8 - Greenville County410 Gressette Building Columbia, SC 29201803-212-6240
Daniel (Danny) B. Verdin III (r)Owner, Verdin’s Farm & Garden CenterDist. No. 9 - Greenville and Laurens counties404 Gressette Building Columbia, SC 29201803-212-6230
Floyd nicholson (D)Retired educatorDist. No. 10 - Abbeville, Greenwood and Laurens counties610 Gressette Building
Columbia, SC 29201803-212-6040
Glenn G. reese (D)BusinessmanDist. No. 11 - Spartanburg County502 Gressette Building Columbia, SC 29201803-212-6108
Lee Bright (r)TransportationDist. No. 12 - Spartanburg County502 Gressette Building Columbia, SC 29201803-212-6108
shane r. martin (r)Engineer/business ownerDist. No. 13 - Greenville, Spartanburg and Union counties501 Gressette Building Columbia, SC 29201803-212-6100
GRoWinG RePResentationSouth Carolina is among the eight states that will gain a new seat in the U.S. House of Representatives based on 10-year growth. The reapportioned Congress will convene in 2013. It will be the 113th Congress. South Carolina has not had a seventh Congressional district since 1933.
The addition of a Congressional seat also means South Carolina will increase from 8 to 9 electoral votes in the 2012 election.
Source: U.S. Census Bureau; S.C. House of Representatives
citizens vote & seRveVote. Contact your representative. Voice your opinion. In this section, you can find out who
represents you in government, and how to contact your representatives. You can use the in-
formation to let them know what you think about current and proposed legislation, and offer
ideas on how to improve the state and the economy.
GSA Business | www.gsabusiness.com30
GOVERnMEnT | MaRKET FaCTS 2011GO
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harvey s. Peeler Jr. (r)Dairyman/businessmanDist. No. 14 - Cherokee, Spartanburg, Union and York counties213 Gressette Building Columbia, SC 29201803-212-6430
creighton B. coleman (D)AttorneyDist. No. 17 - Chester, Fairfield, Union and York counties513 Gressette Building Columbia, SC 29201803-212-6180
s.C. House oF RePResentativeswilliam (Bill) r. whitmire (r)Retired educator, owner, S & W FarmsDistrict 1 - Oconee County436D Blatt Building Columbia, SC 29201803-734-3068
william (Bill) e. sandifer III (r)BusinessmanDistrict 2 - Oconee and Pickens counties407 Blatt Building Columbia, SC 29201803-734-3015
B. r. skelton (r)Arbitrator, mediator, residential contractor, real estate broker, professor emeritus of economics at Clemson UniversityDistrict 3 - Pickens County418C Blatt Building Columbia, SC 29201803-734-3036
David r. hiott (r)Owner, Hiott Printing Co.District 4 - Pickens County418B Blatt Building Columbia, SC 29201803-734-3323
w. Brian white (r)Insurance agent, Capstone Insurance Services LLCDistrict 6 - Anderson County519C Blatt Building Columbia, SC 29201803-734-3113
michael (mike) w. Gambrell (r)Self-employed, M & R EnterprisesDistrict 7 - Abbeville and Anderson counties436A Blatt Building Columbia, SC 29201803-734-2947
Don c. Bowen (r)RetiredDistrict 8 - Anderson and Oconee counties306C Blatt Building Columbia, SC 29201803-734-3038
anne J. thayer (r)Owner, Thayer Properties LLC
District 9 - Anderson County 436D Blatt Building, Columbia, SC 29201803-212-6889
District 10 - Anderson CountyVacant
Paul L. agnew (D)AttorneyDistrict 11 - Abbeville and Anderson counties436B Blatt Building Columbia, SC 29201803-734-2993
J. anne Parks (D)Mortician, funeral director, licensed real estate agentDistrict 12 - Greenwood and McCormick counties434D Blatt Building Columbia, SC 29201803-734-3069
Lewis e. (Gene) Pinson (r)Community relations director, Morningside Assisted LivingDistrict 13 - Greenwood County522A Blatt Building Columbia, SC 29201803-734-2821
michael a. Pitts (r)Retired, Greenville PoliceDistrict 14 - Abbeville, Greenwood and Laurens counties327C Blatt Building Columbia, SC 29201803-734-2830
David tribble Jr. (r)Financial services representativeDistrict 15 - Laurens and Newberry counties434A Blatt Building Columbia, SC 29201803-212-6890
mark n. willis (r)Long term care administratorDistrict 16 - Greenville and Laurens counties326B Blatt Building Columbia, SC 29201803-212-6882
thomas D. corbin (r)BusinessmanDistrict 17 - Greenville County522D Blatt Building Columbia, SC 29201803-212-6891
tommy m. stringer (r)Pension consultant/businessmanDistrict 18 - Greenville County418D Blatt Building Columbia, SC 29201803-212-6881
Dwight a. Loftis (r)Insurance agentDistrict 19 - Greenville County522C Blatt Building Columbia, SC 29201803-734-3101
Daniel (Dan) P. hamilton (r)Businessman, founder/operating principal, Keller Williams Realty Greenville - UpstateDistrict 20 - Greenville County312A Blatt Building Columbia, SC 29201803-212-6795
wendy k. nanney (r)Credit managerDistrict 22 - Greenville County312D Blatt Building Columbia, SC 29201803-212-6877
chandra e. Dillard (D)director of community relations, Furman UniversityDistrict 23 - Greenville County414D Blatt Building Columbia, SC 29201803-212-6791
Bruce w. Bannister (r)Attorney, managing partner, Bannister & Wyatt LLCDistrict 24 - Greenville County518B Blatt Building Columbia, SC 29201803-734-3009
karl B. allen (D)AttorneyDistrict 25 - Greenville County330B Blatt Building Columbia, SC 29201803-734-3006
eric J. Bikas (r)Businessman; restaurateurDistrict 26 - Greenville and Pickens counties434C Blatt Building Columbia, SC 29201803-212-6892
Garry r. smith (r)BusinessmanDistrict 27 - Greenville County312C Blatt Building Columbia, SC 29201803-734-3045
eric m. Bedingfield (r)Real estate, businessmanDistrict 28 - Greenville County312B Blatt Building Columbia, SC 29201803-734-2962
Dennis c. moss (r)Retired, S.C. Highway PatrolDistrict 29 - Cherokee, Chester and York counties422A Blatt Building Columbia, SC 29201803-734-3073
V. stephen (steve) moss (r)Retired bankerDistrict 30 - Cherokee County304A Blatt Building Columbia, SC 29201803-212-6885
harold mitchell, Jr. (D)Executive director, RegenesisDistrict 31 - Spartanburg County414C Blatt Building Columbia, SC 29201803-734-6638
J. Derham cole, Jr. (r)AttorneyDistrict 32 - Spartanburg County402A Blatt Building
Columbia, SC 29201803-212-6790
edward r. tallon sr. (r)Retired, SLED; President, The Tallon GroupDistrict 33 - Cherokee and Spartanburg counties402ABlatt Building, Columbia, SC 29201803-212-6893
P. michael (mike) Forrester (r)Economic developmentDistrict 34 - Spartanburg County402D Blatt Building Columbia, SC 29201803-212-6792
william m. chumley (r)Landscaping, farmerDistrict 35 - Spartanburg County402B Blatt Building Columbia, SC 29201803-212-6894
merita (rita) a. allison (r)Director of Communications, Commission on Higher EducationDistrict 36 - Spartanburg County402C Blatt Building Columbia, SC 29201803-212-6788
steve a. Parker (r)BusinessmanDistrict 37 - Spartanburg County404D Blatt Building Columbia, SC 29201803-212-6878
norman D. Brannon (r)AttorneyDistrict 38 - Spartanburg County404D Blatt Building Columbia, SC 29201803-212-6876
michael (mike) a. anthony (D)Teacher, coachDistrict 42 - Spartanburg and Union counties432D Blatt Building Columbia, SC 29201803-734-3060
eleCted state oFFiCialsGovernor
nikki haleyhttp://governor.sc.gov/Office of the Governor1205 Pendleton St.Columbia, SC 29201803-734-2100
Lieutenant Governor
ken ardhttp://ltgov.sc.gov/State House, 1st FloorP.O. Box 142Columbia, SC 29201803-734-2080
Attorney General
alan wilsonhttp://www.scag.gov/Rembert Dennis Building1000 Assembly St., Room 519Columbia, SC 29201803-734-3970