ECONOMIC COMPETITIVENESS

Making sure your business is prepared for life’s hazards

Over the past decade, Charleston metro’s economy has transformed from service-based to STEM-based. Understanding our region’s economy and where it is headed allows us to identify our challenges and strategically plan to address them. The Chamber collaborates with an array of regional partners to evaluate and deliver economic information to help drive solutions for a thriving community.

 

Our region’s strong economic performance was recently touted in the Milken Institute’s 2018 Best Performing Cities report, ranking the Charleston Metro Area #16 overall in the ‘Large U.S. Cities’ category and #5 for one-year high-tech GDP growth. Milken points out that Charleston’s economic diversity makes us less vulnerable to external shocks, and our steady population growth helps support the region’s future economic prosperity.

 

Charleston Regional Data Center

The Data Center is a source for economic, demographic and workforce data on the Charleston region. It is a partner project with the Chamber, the Charleston Regional Development Alliance, Berkeley-Charleston-Dorchester Council of Governments and SC Works Trident.

Economic Outlook Forecast

The Annual Economic Forecast for the Charleston region is a partnership project between the Chamber’s Center for Business Research and the College of Charleston’s School of Business.

The key to the success of the forecasting project has been the Economic Outlook Board, whose collective insight provides information that may not be picked up in a statistical analysis of the data. The Board often has information on future developments that no statistical model would capture. The data is typically reported in a lag – the Economic Outlook Board reviews the statistical forecast and adds the “real-time, real-knowledge” insight into the actual performance of the local economy.

This year marks the 28th Annual Conference and Forecast.

One Region: A Global Competitiveness Strategy

One Region serves as a roadmap for our community now and into the future. It is a values-based, global competitiveness strategy for the three-county Charleston region.

Launched in 2016 and informed by a diverse range of public, private, nonprofit and educational leaders, the strategy calls for thinking and acting as a unified region in order to become a globally competitive place where all people and businesses flourish.

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Additional Economic Resources