Month: December 2024

Lowcountry

10 Wealthiest Counties in South Carolina and Where are People Moving from to Settle in South Carolina – New eye opening study

December 4, 2024 by 0 Comments
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By Mark A. Leon

It is no secret South Carolina is one of the most sought after states for new residency, but do you know where people are moving from? Do you know which counties and regions have the most wealth. We are here to address those questions with the latest study and data from SmartAsset.

Let’s start by saying 3 of the top 10 wealthiest counties in the state are centered on the Tri-County (Charleston, Berkeley and Dorchester) coming in a #1, #4 and #7. Our largest migration is coming from New York, North Carolina, New Jersey, Pennsylvania and California. Read on for more great insights:

SmartAsset top 10 wealthiest cities in South Carolina

∎ No. 1: Charleston County

∎ No. 2: Beaufort County

∎ No. 3: York County

∎ No. 4: Berkeley County

∎ No. 5: Lancaster County

∎ No. 6: Greenville County

∎ No. 7: Dorchester County

∎ No. 8: Georgetown County

∎ No. 9: Lexington County

∎ No. 10: Jasper County

What South Carolina county has the highest median income?

Charleston County ranked No. 1 for wealthiest S.C. county, with a median income of $81,260 and investment income at $107,231. Homes in the county also cost a pretty penny, with a median home value of $592,068.

Which South Carolina county had the lowest overall wealth?

Marlboro County ranks last at 46th, according to the SmartAsset formula, with a median income of $34,275, investment income of $28,568 and a median home value of $82,934.

Key Findings

  • The New York tri-state area is flocking to South Carolina. New Yorkers added the highest net number of households to South Carolina at 5,476. New Jersey added a net of 2,978 households to South Carolina – third-most studywide – and Pennsylvania added the fourth-highest net households at 2,657. Of the three, New Jersey sent the wealthiest households with an average incoming adjusted gross income (AGI) of $124,621.
  • North and South Carolina exchange the largest number of households. North Carolina is the most popular destination for South Carolinians moving out, with 14,681 crossing the state’s northern border. Meanwhile, 17,933 households made the opposite move, for a net movement of 3,252 from North to South Carolina – the second-highest studywide.
  • Only one state is siphoning households away from South Carolina. Tennessee captured a net of 51 households from South Carolina. More specifically, 2,415 South Carolina households moved out to Tennessee, while 2,364 households moved in from there. Those households moving out of South Carolina took more money with them ($86,330) than those coming in ($80,604).
  • Households from Arkansas are bringing the most money with them. While the exchange of households between South Carolina and Arkansas was relatively similar, with a net movement of 52 households into the Palmetto State, these households had an average AGI of $202,256. The second- and third- wealthiest households coming into South Carolina were from Illinois ($147,012) and Massachusetts ($144,052).

Where People Are Moving to South Carolina From

States are ranked based on the net number of households that moved into South Carolina in the 2022 tax year.

Top 10 States With the Highest Net Movement to South Carolina

  1. New York
  • Net households moved into South Carolina: 5,476
  • Net individuals moved into South Carolina: 10,896
  • Households moved into South Carolina: 8,087
  • Individuals moved into South Carolina: 14,971
  • AGI, households moved into South Carolina from this state: $97,960
  • Households that left South Carolina for this state: 2,611
  • Individuals that left South Carolina for this state: 4,075
  • AGI, households that left South Carolina for this state: $71,954
  1. North Carolina
  • Net households moved into South Carolina: 3,252
  • Net individuals moved into South Carolina: 7,806
  • Households moved into South Carolina: 17,933
  • Individuals moved into South Carolina: 32,901
  • AGI, households moved into South Carolina from this state: $82,325
  • Households that left South Carolina for this state: 14,681
  • Individuals that left South Carolina for this state: 25,095
  • AGI, households that left South Carolina for this state: $70,940
  1. New Jersey
  • Net households moved into South Carolina: 2,978
  • Net individuals moved into South Carolina: 5,982
  • Households moved into South Carolina: 4,005
  • Individuals moved into South Carolina: 7,582
  • AGI, households moved into South Carolina from this state: $124,621
  • Households that left South Carolina for this state: 1,027
  • Individuals that left South Carolina for this state: 1,600
  • AGI, households that left South Carolina for this state: $67,149
  1. Pennsylvania
  • Net households moved into South Carolina: 2,657
  • Net individuals moved into South Carolina: 5,285
  • Households moved into South Carolina: 4,523
  • Individuals moved into South Carolina: 8,309
  • AGI, households moved into South Carolina from this state: $102,390
  • Households that left South Carolina for this state: 1,866
  • Individuals that left South Carolina for this state: 3,024
  • AGI, households that left South Carolina for this state: $63,327
  1. California
  • Net households moved into South Carolina: 2,563
  • Net individuals moved into South Carolina: 6,178
  • Households moved into South Carolina: 4,851
  • Individuals moved into South Carolina: 9,949
  • AGI, households moved into South Carolina from this state: $110,136
  • Households that left South Carolina for this state: 2,288
  • Individuals that left South Carolina for this state: 3,771
  • AGI, households that left South Carolina for this state: $70,578
  1. Maryland
  • Net households moved into South Carolina: 1,606
  • Net individuals moved into South Carolina: 2,955
  • Households moved into South Carolina: 2,832
  • Individuals moved into South Carolina: 5,057
  • AGI, households moved into South Carolina from this state: $108,427
  • Households that left South Carolina for this state: 1,226
  • Individuals that left South Carolina for this state: 2,102
  • AGI, households that left South Carolina for this state: $74,162
  1. Virginia
  • Net households moved into South Carolina: 1,295
  • Net individuals moved into South Carolina: 2,756
  • Households moved into South Carolina: 4,967
  • Individuals moved into South Carolina: 9,205
  • AGI, households moved into South Carolina from this state: $113,104
  • Households that left South Carolina for this state: 3,672
  • Individuals that left South Carolina for this state: 6,449
  • AGI, households that left South Carolina for this state: $72,727
  1. Ohio
  • Net households moved into South Carolina: 1,270
  • Net individuals moved into South Carolina: 2,415
  • Households moved into South Carolina: 3,166
  • Individuals moved into South Carolina: 5,689
  • AGI, households moved into South Carolina from this state: $97,365
  • Households that left South Carolina for this state: 1,896
  • Individuals that left South Carolina for this state: 3,274
  • AGI, households that left South Carolina for this state: $65,871
  1. Massachusetts
  • Net households moved into South Carolina: 1,238
  • Net individuals moved into South Carolina: 2,415
  • Households moved into South Carolina: 2,053
  • Individuals moved into South Carolina: 3,676
  • AGI, households moved into South Carolina from this state: $144,052
  • Households that left South Carolina for this state: 815
  • Individuals that left South Carolina for this state: 1,261
  • AGI, households that left South Carolina for this state: $81,447
  1. Connecticut
  • Net households moved into South Carolina: 1,180
  • Net individuals moved into South Carolina: 2,287
  • Households moved into South Carolina: 1,910
  • Individuals moved into South Carolina: 3,506
  • AGI, households moved into South Carolina from this state: $117,315
  • Households that left South Carolina for this state: 730
  • Individuals that left South Carolina for this state: 1,219
  • AGI, households that left South Carolina for this state: $72,479

Source link: SmartAsset

Lowcountry

AFL continues growth of Spartanburg County manufacturing operations investing $155M and creating 150 new jobs

December 3, 2024 by 0 Comments
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COLUMBIA, S.C. – AFL, a manufacturer of fiber optic products and equipment, today announced it is expanding its manufacturing operations across Spartanburg County. The company’s $155 million investment will create over 150 new jobs over the next two to five years. 

Founded in 1984 and headquartered in Spartanburg County, AFL is a subsidiary of Fujikura, Ltd. of Japan, and provides industry-leading, end-to-end solutions, products and services to the energy, service provider, enterprise, industrial, and hyperscale markets. The company’s products, which include fiber optic cable and hardware, transmission and substation accessories, and outside plant equipment, are used in over 130 countries.

AFL will expand all of its fiber optic cable manufacturing operations located across Duncan. The expansion will increase production capacity for the critical equipment needed to support domestic cable manufacturing, broadband deployment and power grid modernization.

Individuals interested in joining the AFL team should visit the company’s careers page.

The Coordinating Council for Economic Development awarded a $200,000 Set-Aside grant to Spartanburg County to assist with the costs of building improvements.

QUOTES

“For four decades, AFL has been an integral part of the Spartanburg County community. We are grateful for the support of our state and local leaders as we continue to grow. This expansion will increase our manufacturing capabilities, allowing us to better serve our customers around the globe, while strengthening the communities in which we work and live.” -AFL President and CEO Jaxon Lang

“AFL’s expansion and the more than 150 new jobs it will create in Spartanburg County represent a major victory for South Carolina’s world-class workforce. We are proud the company continues to invest in our state and look forward to the impact this expansion will have in the years ahead.” -Gov. Henry McMaster

“We are always proud to celebrate the success of a South Carolina-based company, and today’s announcement is no exception. AFL’s $155 million investment in Spartanburg County will strengthen the region’s thriving manufacturing industry, and we are proud to see the company furthering its commitment to the Upstate.” -Secretary of Commerce Harry M. Lightsey III

“AFL expanding their Spartanburg County operations shows the company’s success and how good it is to do business in Spartanburg County right now. AFL has been a long-term partner for our county, and on behalf of county council, we’re grateful the company continues to hire in our community, providing opportunities for our residents.”  -Spartanburg County Council Vice Chairman and Economic Development Committee Chairman David Britt

FIVE FAST FACTS

  • AFL is expanding its operations in Spartanburg County.
  • The company’s $155 million investment will create over 150 new jobs.
  • AFL is a manufacturer of fiber optic products and equipment.
  • The company is headquartered at 170 Ridgeview Center Drive in Duncan, S.C.
  • Individuals interested in joining the AFL team should visit the company’s careers page.
Lowcountry

Visit Boone, North Carolina: Winter Wonderland in the Blue Ridge Mountains

December 3, 2024 by 0 Comments
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By Mark A. Leon

Choose-and-Cut Season 

Celebrate the magic of the holidays in Boone, where seasonal traditions shine against a breathtaking mountain backdrop. Kick off the holiday season at C & J Christmas Tree Farm, where families, friends, and pets can choose and cut the perfect tree while enjoying festive activities like meeting Santa, face painting, and sipping hot cocoa or cider. For another festive experience, head to Clawson’s Tree Farms, offering hayrides, farm animals, and complimentary coffee and cocoa at its two Boone locations, with staff handling all tree prep. Finally, visit Miller’s Choose and Cut Christmas Trees, a family-run farm in the Appalachian Mountains, known for its Fraser firs of all sizes and handmade wooden wreaths. Boone’s choose-and-cut farms make holiday memories truly unforgettable. 

Easy Access to Adventure

Located in North Carolina’s scenic High Country, Boone is the ultimate launchpad for outdoor explorers. Here, every level of adventurer finds a thrill—from rock climbing high above the treetops to skiing and snow tubing in the Southeast’s ski capital. Surrounded by breathtaking mountain landscapes, Boone also offers some of the most scenic hiking on the East Coast, with trails suited for beginners and experts alike. Explore the serene Boone Greenway trail for an easy, family-friendly experience, conquer the iconic Rough Ridge Trail for sweeping vistas of the Blue Ridge Parkway, or challenge yourself on the rugged Grandfather Mountain Profile Trail. With iconic parks and endless trails just minutes away, every hiker’s bucket list starts here. 

Skiing in Boone, North Carolina

Unique Boutiques and Artisan Finds

Boone’s vibrant artisan community is a haven for those seeking one-of-a-kind shopping experiences. Stroll through a plethora of vintage and antique stores, and the ever popular King Street Farmers’ Market, where you’ll find everything from locally sourced meats and cheeses to handcrafted creations by local artists. Here, “buy local” isn’t just a trend—it’s woven into the culture of the Appalachian region. Whether you’re after outdoor gear, vintage treasures, or unique keepsakes, Boone’s shops offer a rich sampling of local flavor and craftsmanship. 

Related: Explore Boone, NC Official Website

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Lowcountry

7 South Carolina corporate expansions announced in November 2024 further strengthening our economic and business footprint (Including 2 in Charleston County)

December 2, 2024 by 0 Comments
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In November, Governor McMaster and his administration announced 7 key business expansions in South Carolina further solidifying South Carolina as a sought after state for business growth and development.

Milo’s Tea Company, Nestle, Samaritan Biologics, Low Tide Brewing, Portland Bolt & Manufacturing Company, OhmlQ, Inc and Harbor Freight have all announced new or expanded operations in South Carolina.

Click links below for full details of each major announcement.

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