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Charleston’s Economy is Booming

Anthony Barrasso February 10, 2025

Charleston continues to experience strong economic growth, with major investments and new developments shaping the region’s future.
 

Boeing Expands with $1B Investment

Boeing has announced a $1 billion investment to upgrade its Charleston County facility, creating 500 new jobs over the next five years. This marks the largest single investment in Charleston County’s history.
 

Economic Growth & Job Creation

In the past year, the Charleston County Economic Development Department has facilitated 1,029 new jobs and $1.28 billion in capital investments across the county. A total of 15 projects were successfully completed in 2024, with Boeing’s expansion leading the way.
 

New Infrastructure & Development

  • The City of Charleston has broken ground on a $74 million pedestrian/bike bridge connecting West Ashley to downtown.
  • The SC Rural Infrastructure Authority has approved $34 million in grant assistance for 34 projects aimed at public health, environmental improvements, and economic development.
    • Dorchester County & North Charleston Sewer District each received $1.5 million in funding.
 

New Businesses & Expansions

  • Painting with a Twist opened its third South Carolina studio in Mount Pleasant.
  • Two Charleston spirits companies have partnered to launch a 14,000-square-foot distillery on James Island.
  • MarineMax Charleston, a well-known boat dealer, has started construction on a new showroom on Daniel Island, featuring 10,000 square feet of display space.
 
Charleston International Airport saw a 1.5% increase in passenger traffic during the 2024 holiday season compared to 2023.
 

Berkeley County Infrastructure Improvements

The Henry E. Brown Jr. Boulevard Phase 2 project in Goose Creek has reached substantial completion. This $25 million project has improved four miles of roadway, easing congestion and enhancing connectivity.
 

Charleston is Thriving!

From massive corporate investments to new infrastructure and booming businesses, Charleston’s economy shows no signs of slowing down.

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Charleston’s Economy is Booming

From massive corporate investments to new infrastructure and booming businesses.

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