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The budget deficit why it matters
The budget deficit for fiscal 2023 was $1.7 trillion. Nobody cared. Projected budget deficits for the next 10 years never get smaller and within five years are expected to exceed $2.5 trillion. As a result, the Treasury will add $20 trillion to outstanding debt in the next decade. The budget deficit for fiscal 2023 was [&h[...]
National taco chain to open second state location in Mount Pleasant
Condado Tacos is bringing its own entry in the taco game to Mount Pleasant. The restaurant group, based in Columbus, Ohio, specializes in what it calls unique tacos, margaritas and tequilas in a “colorful and energetic atmosphere,” will open its second South Carolina location in Mount Pleasant Towne Center. The first[...]
Lowlife Bar team makes plans for Johns Island eatery
The team behind Lowlife Bar has partnered with Thomas Wilson and Chef Josh Taylor in their latest venture, Lost Isle at 3338 Maybank Highway in John’s Island. Lost Isle will be a fire-to-table eatery serving up small and large format dishes executed by Taylor, all coming from an expansive wood-fired gr[...]
State of the Ports: South Carolina a powerful alternative gateway
During her second State of the Port address, South Carolina Ports President and CEO Barbara Melvin showcased how SC Ports is a powerhouse port, serving as a powerful alternative gateway for cargo owners seeking a well-run port in the thriving Southeast market, a South Carolina Port Authority news release stated. With more than $[...]
HOT PROPERTIES: Firm finds buyer for Mount Pleasant Wendys building
DeWees Real Estate Group handled the sale of 361 N. Highway 17 in Mount Pleasant. The building is a Wendy’s restaurant location. Hot Properties highlights recently sold or leased commercial properties in the Charleston region. Send in your transactions using our online form. Other recent commercial property deals included:[...]
Consumer confidence dips to Great Recession level
Consumer sentiment today is far below the pandemic-induced recession level of 2020 and roughly where it was at the low-point of the 2008-09 so-called Great Recession — the longest and deepest recession since the depression in the 1930s. Typically, the Fed looks at the year-over-year increase in the CPI. It has [...]
Charleston museum to host sessions on race with global news organization
The Charleston Literary Festival has formed an international partnership with global news organization, The Guardian, to produce two sessions that will take place at the newly-opened International African American Museum in Charleston, on November 12th —the 10th and final day of the 2023 Festival. The first session, s[...]
Houston engineering firm names vice president overseeing Carolinas
LJA Engineering, a multi-disciplinary engineering consulting firm, has named Ricky Waters as vice president. In his new role, Waters will be based in LJA's Charleston office and will lead the firm’s operations in the Carolinas, according to a news release. Waters brings over 15 years of experience in the civil eng[...]
Philanthropist makes historic scholarship gift to Charleston medical school
A philanthropist from the Upstate has created an avenue for promising students from her hometown to pursue an education at the Medical University of South Carolina. Barbara Harter Rippy of Union has created a first-of-its-kind endowed scholarship at the Medical University of South Carolina College of Pharmacy. The new scholarshi[...]
Flying car company with South Carolina ties nets $83M funding boost
A Japan-based electric vertical takeoff and landing manufacturer with plans to open its U.S. headquarters in South Carolina has received a significant funding boost from the Japanese government. SkyDrive Inc. a Japanese electric vehicle takeoff and landing (eVTOL) aircraft manufacturer based in Japan with plans to establish U.S.[...]
HOT PROPERTIES: Agent finds tenant for Moncks Corner
Blair Hines Gearhart of Oswald Cooke & Associates represented the landlord in the lease of retail space at 706 S. Live Oak Drive in Moncks Corner. Drayton Calmes of Norvell Real Estate Group represented the tenant. It was one of several recent commercial real estate transactions in the area, including: Robert Pratt of Re/Max[...]
New Mount Pleasant restaurant promises a breakfast that is big and bad
A breakfast restaurant that comes with a dinner-time attention to food and service has opened a location in Mount Pleasant. Julie Bumgardner and operating partner Kraig Houk, joined by members of the City Council and Mount Pleasant Chamber of Commerce opened Big Bad Breakfast with a ribbon-cutting ceremony in Suite 101 at 2664 N[...]
