Recent Articles from Contributing Writer
$144M infrastructure project near Charleston airport closer to reality
A project to build a new access road for Charleston International Airport appears to be finally cleared for take-off. The S.C. Joint Bond Review Committee recently voted to approve an additional $22 million for Charleston International’s Airport Connector Road project. The committee had previously approved $14 million for the project in 2014. The total cost […]
Former Eataly executive chef to open Charleston restaurant
By Stephanie Kalina-Metzger Charleston will soon be home to a new sandwich shop thanks to Chef Michael Toscano who is, once again, investing in Charleston with a new eatery. Da Toscano Porchetta Shop is slated to open in the spring at 109 President St. The acclaimed chef started his career in New York City as […]
Avery Research Center at CofC awarded $2M grant
The Mellon Foundation has awarded the College of Charleston’s Avery Research Center for African American History and Culture a $2 million grant to support the collection and preservation of the Lowcountry’s social and cultural history. “This grant is a true difference maker for the College’s Avery Research Center and our entire campus,” Andrew T. Hsu, […]
Economist: Expect ‘inevitable’ recession by 2024
By Andy Owens Business owners should expect a recession to hit the U.S. economy in the first half of 2024, a Daniel Island economist said during an annual economic forecast in December. Stephen Slifer, a former chief economist for Lehman Brothers and former senior economist for the Federal Reserve, told hundreds of business owners, professionals […]
Former Lehman Brothers economist takes a look at 2023
By Stephen Slifer A recession is coming sometime in 2023 or 2024. We do not expect it to arrive until the first half of 2024. Why so late? Several reasons. Jobs growth. Given the extent of Fed tightening in 2022 one might have thought that jobs would be declining. Not even close. In the most […]
Arthur Ravenel, politician, namesake of iconic Charleston bridge, dies
Arthur Ravenel, the former congressman and state lawmaker who helped build the Republican Party in South Carolina and get money for the graceful bridge that dominates the Charleston skyline and bears his name, has died. He was 95. His family announced in a short statement that he died Monday. The statement did not give a […]
Oil prices poised to increase
The current release was announced as 1 million barrels every day for six months. With current production of 12.1 million barrels per day the additional 1 million bpd from the SPR brought the total oil available to 13.1 million bpd which is roughly where production was prior to the recession. But now, missing the steady […]
Why South Carolina could be NASA’s next frontier
By Jenny Peterson Collaborative partners statewide are shooting for the moon to try and create a permanent NASA facility in South Carolina. While the space agency currently has no permanent footprint in South Carolina, a consortium was created in 2020 specifically to expand the relationship with NASA and bring a NASA Center of Excellence to […]
Mayors: Life sciences key to Charleston area’s economic growth
By Jenny Peterson Charleston-area mayors have their eyes on bringing more life sciences industry to spur economic development. At a Power Breakfast to discuss Regional Resilience on Tuesday at the North Charleston Business Expo, Charleston Mayor John Tecklenburg and Goose Creek Mayor Greg Habib both said their ideal future is new opportunities in life sciences, biotech […]
People in the News, June 14
People in the News Submit people items for possible publication in the Charleston Regional Business Journal using the submission portal at this link. Publication is dependent on editorial guidelines and space considerations. Accounting Alexandria Romero, CPA, has joined Chris Hervochon, CPA, CVA, as a virtual chief financial officer. In her new role, Romero directs financial planning, [&helli[...]
Plant closure ominous news for SC dairy industry
By Christina Lee Knauss Borden Dairy’s recent decision to shutter its North Charleston manufacturing plant is a sign of dairy’s continued decline in South Carolina, according to one expert who monitors the industry. Dallas-based Borden Dairy Co. announced in mid-April that “after a financial and operational review,” its facility on Lacross Road will close at […]