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Charleston Business

#CharlestonAgenda: Exports Up, Ingevity Joins S&P MidCap 400, Boeing Trouble, Barhopping with BarGlance, Cannabis Drinks Taste Like Crud

Mar 13, 2019 07:24AM ● By Chris Haire
Exports Up for South Carolina For Ninth Year Running: $34.6 billion -- that's the dollar value of products exported out of South Carolina in 2018, a 7.5 increase over the previous year, according to a new S.C. Commerce Department report

Since 2011, exports have increased $9.9 billion. Today, Palmetto State exports reach nearly 200 countries and terrorites, with 33 new markets added in 2018 as a result of the department's South Carolina Export Incentives Program, a progam designed to assist small- to medium-sized companies in reaching foreign markets.

“We’ve cultivated a globally-connected economy in South Carolina, and last year’s export sales total reflects that,” Secretary of Commerce Bobby Hitt says in a statement. “Moving forward, we will continue to prioritize the growth of our international trade footprint and will encourage companies of all sizes to expand their reach into new markets overseas.”

South Carolina's top four trading partners include nations the Trump administration has recently waged, or threatens to wage, trade wars against: China, Canada, Germany, and Mexico. The People's Republic accounts for 16% of SC exports, while both the Great White North and Deutschland make up 11%; our South of the Border neighbors are responsible for 8% of exports. 
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50 Most Influential
David J. Cole, M.D., FACS
Medical University of South Carolina

President of the Medical University of South Carolina since July 2014, Dr. Cole has provided dynamic leadership at MUSC for 24 years. A nationally recognized surgical oncologist, his clinical expertise is augmented by solid research with more than 17 years of continuous National Institutes of Health funding. 

With the endorsement of the MUSC Board of Trustees, Cole recently embarked on an unprecedented course to transform and grow the enterprise. In November, he announced MUSC’s intent to purchase four community hospitals from Community Health Systems, one of America’s largest publicly traded hospital companies. 

In August, Cole launched a first-of-its-kind strategic alliance with Siemens Healthineers, a world leader in engineering, business, and research, with the mutual goal of advancing the quality of healthcare. 

With his leadership and support, the new Charleston biotechnology hub, WestEdge, is moving forward with ongoing construction. 

Through Business Health, MUSC contracted to deliver health care and wellness services to Volvo Cars employees at its new $1 billion plant and to South Carolina Ports Authority workers. 

Supporting the local community, he compelled MUSC to prioritize small, women- and minority-owned business enterprises and, as of June, has awarded $60 million in contracts to them to help build the $385 million MUSC Shawn Jenkins Children’s Hospital. 

He is a member of several state and community boards, including the S.C. Chamber of Commerce, Tri-County Cradle to Career, and the Economic Leadership Council.