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Couple of clarifications, the study measured high tech output, the number you are referring to is hi tech GDP growth which is different than job growth. Since 2003, Charleston's job growth in information has grown from 4.8 to 5 or CAGR of .37% over the 1 year span, not even in the ballpark of 22%. The study uses location quotient to measure the tech industry relative to the local economy. Using this, Charleston is still in the lower right quadrant. And, from an income standpoint, the city is still behind.
As for the garage talk about Columbia, the metros are still very very very similar, not enough to be talking trash.
Dude....you just cant stay away , can you?
Would it make you better if we all just said "Charlotte is so huge and rich and awesome and fun and cultural and is probably the next New York City, please allow us mere peasant cities of no significance bask in the shadow of Charlotte"??
Nah. I doubt it would. You'd still be coming here.
I wonder if Charleston will be ranked better next year considering the additional job announcements made over the last 12 months.
A friend of mine just got hired by BenefitFocus, who just went public. He says a lot of companies are looking at the success Blackbaud, BenefitFocus, and others have had here with employees loving to live here and doing well at work, and thus, the companies are seeing some success. I think in the future, employee morale is going to be a big focus for companies since the sweetheart benefits packages are a thing of the past.
Charleston has actually been leading the pack in SC on these types of lists for some time now.
I think the last 10-15 years or so the Charleston area has really expanded beyond the tourism/government jobs, and the bread and butter jobs like insurance/retail/auto, etc, etc, that all cities have.
The region's leaders know that it's foundation of those things got it to this point, but to grow even more will have to be more like Greenville and Columbia in attracting traditional big business, like Boeing.
All together, its a great time for South Carolina. This place has so much potential.
And for clarification, we know that Charleston doesn't have a tech sector like the Triangle's or a banking/finance sector like Charlotte's, but it's still doing rather well for itself and has been for a little while now. I'm proud of Charleston's progress and celebrate it.
And for clarification, we know that Charleston doesn't have a tech sector like the Triangle's or a banking/finance sector like Charlotte's, but it's still doing rather well for itself and has been for a little while now. I'm proud of Charleston's progress and celebrate it.
For the record, there is no question Charleston has done well. It has led SC for the past couple of years and should do well into the future. I have no problem with the city. As with all cities, studies, growth, economics, there is a perspective of relativity.
But, as interesting as these studies are, the devil is in the methodology.
For the record, there is no question Charleston has done well. It has led SC for the past couple of years and should do well into the future. I have no problem with the city. As with all cities, studies, growth, economics, there is a perspective of relativity.
But, as interesting as these studies are, the devil is in the methodology.
For the rankings to be fair to cities and metros with a large percentage of college students, it seems they would have to calculate the percentage of people 25 and older not currently in undergraduate and graduate school who have bachelors degrees and higher in that city and metro. If they don't do it that way, the more students a city and metro have in proportion to their population, the more skewed downward the percentages are.
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Couldn't help but chuckle at that one
