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The Fed anticipated fewer rate cuts in 2024 and added an additional rate reduction in 2025. The funds rate at the end of that year is a little different. (Photo/DepositPhotos)
Jun 18, 2024

Uptick in inflation rate changes the Fed’s outlook

This past week we learned that Fed officials expect one or perhaps two rate reductions by yearend, followed by an additional four rate cuts in 2025.

GovCIO, a technology company government contractor with more than $1 billion in government contracts, officially opened its first Charleston office and high-tech lab strategically located less than a mile away from Joint Base Charleston and U.S. Naval Information Warfare Center (NIWC) Atlantic. (Photo/GovCIO)
May 9, 2024

$1B government contractor opens North Charleston office

The company has contracts with the Department of Veterans Affairs, U.S. Postal Service, U.S. Military, IRS, NASA, the National Institute of Health and more.

Dorchester County is marking a significant achievement in its ongoing efforts to attract and support business growth and economic development in the region, officials say. (Photo/DepositPhotos)
Apr 16, 2024

Dorchester County prepares pad-ready industrial site for next investment

County officials believe the site’s geographic location will make it desirable for …

Apr 11, 2024

8 fire departments in Berkeley County designated as Fire Safe SC Communities

Eight Berkeley County fire departments were designated as "fire safe" ...

A company called e-VAC Magnetics will build rare earth neodymium-iron-boron magnets like these at their future plant in Sumter. (Photo/e-VAC Magnetics)
Apr 9, 2024

Manufacturer secures $112M tax credit for its $500M-plus Sumter facility

The Department of Energy credit will support construction of plant that will supply electric vehicle supply chain with …

As new development has been changing the face of Maybank Highway, stakeholders and elected officials have been grappling with ways to quell traffic that is already a concern with standstill traffic on the thoroughfare during morning and evening rush hour. (Photo/DepositPhotos)
Mar 27, 2024

How interconnected roads are changing the course of development in Johns Island

The city of Charleston has been requiring interconnected roads between new subdivisions since 2007 — a move a longtime land planner said will …

The idea behind a new center at Charleston Southern University is to help international visitors and businesses acclimate to business and culture in the Charleston area. (Photo/DepositPhotos)
Mar 22, 2024

Charleston Southern opens new center to cultivate international business

The idea behind a new center at Charleston Southern University is to help international visitors and businesses acclimate …

John O. Williams II will continue to serve as the county's head attorney while filling the role as director of economic development. (Photo/Berkeley County)
Feb 29, 2024

Berkeley County taps chief attorney to lead economic development

The Berekley County native has degrees from Clemson and the University of South Carolina ...

The South Carolina Department of Transportation has announced the next phase of its $2B infrastructure project. (Photo/DepositPhotos)
Feb 27, 2024

Next phases of South Carolina’s $2B infrastructure project announced

The South Carolina Department of Transportation announced the next phases of construction on one of the largest infrastructure projects in the state’s history.

Feb 19, 2024

SCDOT rebuild of Sawmill Branch Canal Trail in Dorchester County begins

Berlin G. Myers Parkway Phase III Project includes construction of multiuse trail …

Feb 14, 2024

Global real estate firm expands plans at North Charleston site

City will move ahead on 37-acre project at the former Navy yard …

The new Office of Economic Development for the Town of Summerville is led by Frank Neal, who serves as the town’s director of community and economic development. (Photo/DepositPhotos)
Feb 7, 2024

Summerville rebrands economic development office, hires former CEO

In his role, the executive is the primary contact for businesses seeking to establish or expand in the town.