Business is Buzzing
Continental Terminals has announced plans to lease aclose to 250,000square foot food-grade warehouse in jedburg just off I-26 to serve as a holding area for coffee coming in from the tropics to the new Starbucks roasting facility in St. Matthews about 60 miles away. The roasting facility will serve the southeast and hopefully will smell divine.
Some of the best news around, besides the new Carolina One Real Estate, is a recent opinion column in the Wall Street Journal. It stated that we’ll probably look back to April 2008 as the month that the housing market hit bottom. They aren’t saying that the prices will rebound to the heights that they were, but simply that prices will begin to stabilize. There’s more good news That’s just some of the best news in the media lately.
We also learned that tourists to our area helped to pump $3.09 billion into our local economy which means that the local impact increased by about 1% from ‘06.
We’re always hearing bad news from the schools from fighting on the school boards to the fighting in the hallways, so good news is refreshing. Newsweek has ranked Academic magnet the seventh best in the country. The North Charleston school improved its rank on the magazine’s list from the past two years when it ranked as the nation’s 11th and 10th best public high school. The school was also ranked 27th in the US News and World Reports first list of America’s Best High Schools.
Revolutions Medical Corp., a Mt P-based medical equipment developer, has received regulatory approval to start trading its stock on the over-the-counter bulletin board where midcap stocks are traded. And Myconostica, a British medical diagnostic company which develops specialized, fast testing for life threatening fungal infections is busy readying a new facility in Charleston.
The port is moving. Expectations are up with a boost in business coming from the new or returning port calls from an upgraded South American service and a newly relaunched Asian service which is a joint operation of the CKYH alliance. And not only are the BMWs lining up at the port for shipment, we’re seeing a lot of American cars from classics to current models being shipped out of the country due to the shift in the dollar’s value against the Euro, etc.
Filed under: Around Town, Business News, Real Estate News on May 25th, 2008
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