2017-05-19 / Business

City Snippets

Irmo builder recognized nationally Irmo builder recognized nationally Irmo builder recognized nationally

Builder Magazine has ranked Irmo-based Great Southern Homes as the third fastest-growing private homebuilder in the country. The magazine reports that Great Southern Homes has nearly doubled in sales with an impressive 96 percent growth rate for the two-year period (2014 to 2016) rising from 386 to 756 home closings.

USC lands $1.3M grant

The University of South Carolina’s School of Medicine and College of Education are recipients of a $1.3 million National Science Foundation grant to study the best ways to encourage students to pursue careers in science, technology, engineering, and math.

Columbia ranked for rental investors

HomeUnion, an online real estate investment management firm, has ranked Columbia third among the top 10 best housing markets for single-family rental home investors in the first quarter. Once again, Cleveland has earned the top spot with a cap rate of 11.5 percent and a median investment home price of $75,512.

City ranked for bike friendliness City ranked for bike friendliness Columbia apartment market near full

The occupancy rate for multi-family apartments in the Columbia metropolitan was 91.7 percent over the past six months to 91.7 percent, according to research firm Real Data. The company said some 3,600 multi-family units are proposed or under construction in the Columbia market with more than half located downtown and surrounding areas.

Work to begin on Greenway Extension

Work on the first phase of the Three Rivers Greenway Extension in Richland County is expected to begin in the next two months. Richland County Council awarded a $5.9 million contract to AOS Specialty Contractors, Inc., for the 3.2-mile trail between the Saluda River and Riverbanks Zoo

Lowes Foods opening Lexington store

North Carolina-based grocer Lowes Foods will open its first Midlands store on Wednesday, May 24 at Charter Oak and Augusta roads in Lexington. Construction is continuing on a second store in the Lexington area off Hope Ferry Road at U.S. 378. That location will open this summer.

City ranked for bike friendliness

Columbia is one of 109 cities to earn a bronze rating in bike friendliness with the League of American Bicyclist. Another 109 other cities received silver, gold or platinum ratings.

Festival draws 10,000 visitors

Columbia’s Indie Grits Visiones film and culture festival enticed more than 10,000 visitors to this year’s event. Festival officials said more than 40 percent of this year’s attendees came from out of town.

Prysmian wins Verizon contract

The Prysmian Group North America, which employs 788 people at two South Carolina plants, has been awarded a $300 million contract from Verizon to help the telecommunications company launch its nationwide 5G network.Prysmian operates a fiber optic plant in Lexington and an energy cable plant in Abbeville.

Booz Allen expanding in Berkeley County

Consulting and technology firm Booz Allen Hamilton is investing $10 million to create more than 90 jobs at a new 75,000- square-foot facility on Clements Ferry Road. The company employs about 550 workers in the Charleston area.

S.C. among top 5 best states for business

South Carolina is ranked as the No. 4 state for business in the country in Chief Executivemagazine’s 13th annual Best and Worst States for Business survey. The rankings reflect CEO perceptions of best and worst states based on several categories, including living environment, taxes, and regulation and workforce quality.

Electrolux expanding Anderson plant

Home and appliance manufacturer Electrolux is spending $200 million to add 800,000 square feet to its Anderson County plant manufacturing facility with a capital investment of more than $200 million. Electrolux manufactures refrigerators, ovens, dishwashers, freezers, and washing machines.

James Island development curtailed

Charleston City Council unanimously approved to temporarily halt new developments in James Island’s commercial areas as part of a six-month moratorium. Council also commissioned a study to guide the community on zoning and land use planning.

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