think aerospace. think nesa

WWW.NESASC.ORG (843) 661-4669

Think Aerospace: Think South Carolina

Aerospace in the United States• The United States is home to the

largest aerospace market in the world.

• With a hospitable workforce, extensive distribution systems, diverse offerings and a strong support at the local, regional and national level for policy and promotion.

• Industry estimates indicate the annual increase in the number of large commercial airplanes during the next 20 years will be 3.5 percent per year for a total of 34,000 valued new aircraft produced with a revenue at $4.5 trillion (list prices).


Southeast: Home to booming economies

• The Southeast portion of the United States is home to some of the most burgeoning economies in the country.

• Economies in the Southeast present an beneficial set of attributes for foreign companies, with many states focusing on diversifying their economies through foreign direct investment.

• These aspects coupled with business friendly policy, an accessible and well-trained workforce along with a cost of doing business unrivaled in the rest of the country makes the Southeast one of the most attractive business environments in the world.


Doing business in South Carolina

• South Carolina is home to one of the United States’ most diverse and fastest growing economies.

• Home to companies such as Toray, Highland Industries (Takata), Bridgestone and others, South Carolina is a great place for Japanese businesses.

• South Carolina takes a very active approach to attracting foreign companies and offers workforce training initiatives, incentives, speed to market, great access to utilities and distribution, along with competitive sites and buildings available to many companies.

• The state also works closely with U.S. Commercial Service which gives the state the ability to assist companies exporting to nearly any corner of the world.

• As of October 2013, South Carolina boasts 162 Japanese-based companies.

• South Carolina’s workforce is ever expanding with a labor force of approximately 3 million and growing by 3.2 percent each year – higher than the national average.


NESA: Who we areThe North Eastern Strategic Alliance (NESA) is a regional economic development organization representing nine member counties.

NESA’s mission is to work with existing county and state economic development organizations to create new jobs and increase the per capita wage of the citizens of the North Eastern region of South Carolina at a rate faster than per capita growth rates for the state and the nation.

The NESA staff is comprised of a professional team specializing in economic development, marketing, business development and research.


Who we areThe North Eastern Strategic Alliance region is located in the northeast corner of South Carolina along the eastern coast of the Untied States.

The region itself consists of nine counties, each with their own distinct business advantages.

The NESA region has a population of approximately 730,0000 with two major population hubs in Florence and Myrtle Beach.

The region has a workforce of approximately 300,000 people.

As a state, South Carolina currently has a population of 4,774,839 with a workforce of approximately 1,866,490.


Doing business in the NESA region

The NESA region provides business an unmatched level of cost savings through a variety of measures.

• The region’s logistics offer a speed to market unsurpassed by other region’s with a desirable distance to major ports, airports, rail and interstates.

• Competitive state and local incentives

• Annual wages in the NESA region are 33% lower compared to national averages and 17% lower compared to state averages.*

• The region’s workforce is well-educated with more than 7,500 new higher education graduates each year.

• The region hosts ready-to move in product and buildings.

– Seven spec buildings throughout the region on certified sites.

– A number of certified sites throughout the region, created for the aerospace and food processing industries, as well as other industry specific sites.

*JobsEQ


Regional logisticsMajor Interstate Access:

• I-95 North/South

• I-20 East/West

• I-73 North/South - Proposed

• I-26 East/West (adjacent to the NESA region)

Airport Access:

• The NESA region features two airports serving non-stop flights to major hubs such as Atlanta, Georgia and Charlotte, North Carolina.

• Adjacent to the region, there are three major airports, all within a short drive of the epicenter of the NESA region of South Carolina.

• Direct flights from the Atlanta Hartsfield-Jackson Airport and Charlotte Douglas International Airport to Tokyo, Nagoya and Osaka.

Railroad Access:

• Over 350 miles of rail as well as numerous rail-served sites within the NESA Region

• Access to Class 1 CSX rail throughout the region.

Port Access:

• Georgetown, South Carolina

• Charleston, South Carolina (adjacent to the NESA region)

• Savannah, Georgia (adjacent to the NESA region)

• Wilmington, North Carolina (adjacent to the NESA region)


Regional logistics


Regional logistics


Midway between New York City and Miami

One days drive between 75

percent of the United States’

population

Available incentivesNESA facilitates the creation of state incentives packages, which range from Job Tax Credits, Property Tax Incentives to Job Development Credits with the state of South Carolina in conjunction with local incentives.

In total, the state is able to offer the follow statutory incentives*:

• No state property tax

• No local income tax

• No inventory tax

• No sales tax on manufacturing machinery, industrial power or materials for finished products

• No wholesale tax

• No unitary tax on worldwide profits

• Favorable corporate income tax structure

• Low cost industrial sites and buildings

*Source: South Carolina Department of CommerceWWW.NESASC.ORG (843) 661-4669

WorkforceIn addition to the NESA region’s low cost of doing business, our workforce remains one of the versatile and productive in the country, with a wide-array of skill sets and an indomitable work ethic. The region boasts a workforce of approximately 300,000 people with a very diverse skill.

Below is breakdown of workers throughout the NESA region based on occupation.


Wages in the NESA regionIn 2013, the average worker in the NESA region earned $33,135* (¥3,448,591.40)**.

On average, workers throughout the United States accounted for wages 33%* higher than those within the NESA region, while the average wage in the state of South Carolina was 17%* higher than that of the NESA region.

*Source: JobsEQ / **All conversions as of August 18, 2014


NESA Region $33,135 / ¥3,479,175.00**

South Carolina $39,845 / ¥4,086,383.67**

United States $49,851 / ¥5,112,569.01 **

AVERAGE WAGES*

Workforce trainingThe NESA region is home to three universities and colleges as well as four technical schools which produce more than 3,200 bachelor’s degree graduates, 400 master’s degree graduates, 1,900 associate’s degree graduates and more than 2,000 technical certificate holders annually.


Coker College, located in Hartsville.

Francis Marion University, located in Florence.

Coastal Carolina University, located in Conway.

The Southeastern Institute of Manufacturing and Technology.

Workforce training


Francis Marion University offers a newly created industrial engineering degree.

Coastal Carolina University features the world-renowned Wall School of Business.

The region is also home to the Governor’s School for Science and Mathematics in Darlington County.

The Pittsburgh Institute of Aeronautics is located in Myrtle Beach.

The region is also home to the state-of-the-art Southeastern Institute of Manufacturing and Technology (SiMT), which offers some of the world’s most advanced manufacturing capabilities along with rapid prototyping.

The South Carolina Governor’s School for Science and Mathematics located in Hartsville.

SiMTThe Southeastern Institute of Manufacturing and Technology (SiMT) provides the support needed by area and future industries to advance the region's ability to provide a highly trained workforce.

The facility features an Advanced Manufacturing Center, a 3-D/Virtual Reality Center and a National Robotics Center.

SiMT offers open-enrollment, on-site and customized training as well as manufacturing startup assistance and consulting services.


SiMTThe SiMT is able to contract with businesses to create specific parts using 3D printing and state-of-the-art manufacturing techniques. Currently, automotive, healthcare, plastics and metal industries are utilizing the contract manufacturing services offered by SiMT.

Using their advanced manufacturing capabilities, the SiMT is able to develop prototypes within a 24 to 48 hour window.

The facility also utilizes ULTEM™ resin, ideal for the aerospace and transportation industries.

The facility also offers a variety of manufacturing technology services and has options to assist companies in developing advanced manufacturing processes, automated manufacturing technology, manufacturing simulations and in-linking engineering design with manufacturing technology.


The SiMT uses the ProX 300 (right),

along with two other production 3D printers at its facility

for rapid prototyping and

contract manufacturing.

Available sites in the NESA regionThe NESA region has more than 80 sites with acreage ranges from 5 to 3,000 acres available.

• 10 certified sites with interstate frontage

• 17 total certified sites in the region

• 27 sites with rail access.

The Myrtle Beach International Airport features the International Technology and Aerospace Park on-site with 460 acres of industrial land available specifically for the aerospace/aviation industry.


Available buildings in the NESA regionThe NESA region has more than 45 available buildings which range in size from 20,000 square feet to 1.12 million, including 7 spec buildings.

There are 33 buildings within 20 miles of the interstate and 14 buildings with rail access.


Existing Industries within the region


Target industriesThe NESA region’s target industries include companies within the aerospace/aviation, agribusiness, call centers, data centers, distribution and logistics, food processing and plastics sectors.

Within the aerospace/aviation sector, the NESA region supports a number of businesses including Hartsville-based JBE, Inc., AvCraft Technical Services in Myrtle Beach and Davis Aircraft Products in Georgetown. The success of these companies, along with the region’s capable workforce illustrates that the region is ready to grow in the aerospace/aviation industry.


Aerospace


NESA’s proximity to original equipment manufactures such as Boeing (Charleston, S.C.), Gulfstream (Savannah, Georgia), HondaJets(Greensboro, N.C.), Embraer (Melbourne, Florida) and other companies makes it very attractive as a location to base a supplier for these companies.

South Carolina itself is home to more than 200 aerospace engineering companies including design firms, service providers and distributors.

AerospaceThe NESA region is able to provide very competitive workforce characteristics within the aerospace industry. Compared to wages across the country, the NESA region is approximately 16% lower.


Soc Code Title Regional Avg Wage National Avg Wage

51-2092 Team Assemblers $30,000 / ¥3,076,710.00 $30,600 / ¥3,692,052.00

51-4041 Machinists $36,800 / ¥3,774,097.60 $41,000 / ¥4,204,837.00

15-1121 Computer Systems Analysts $57,500 / ¥5,897,027.50 $85,300 / ¥8,748,112.10

15-1132 Software Developers, Applications $69,500 / ¥7,127,711.50 $96,300 / ¥9,876,239.10

17-2112 Industrial Engineers $83,000 / ¥8,512,231.00 $83,400 / ¥8,553,253.80

17-2141 Mechanical Engineers $75,000 / ¥7,691,775.00 $85,900 / ¥8,809,646.30

51-4011 Computer-Controlled Machine Tool Operators, Metal and Plastic $36,600 / ¥3,753,586.20 $37,300 / ¥3,825,376.10

17-2071 Electrical Engineers $78,800 / ¥8,081,491.60 $93,400 / ¥9,578,823.80

17-3026 Industrial Engineering Technicians $47,100 / ¥4,830,434.70 $54,200 / ¥5,558,589.40

49-3011 Aircraft Mechanics and Service Technicians $47,600 / ¥4,881,713.20 $57,600 / ¥5,907,283.20

17-2011 Aerospace Engineers $91,200 / ¥9,353,198.40 $105,500 / ¥10,819,763.50

51-2011 Aircraft Structure, Surfaces, Rigging, and Systems Assemblers $47,300 / ¥4,850,946.10 $49,600 / ¥5,086,827.20

49-2091 Avionics Technicians $44,900 / ¥4,604,809.30 $56,900 / ¥5,835,493.30

Total Annual Payroll $5,548,200 / ¥569,006,747.40 $6,532,500 / ¥669,953,602.50

Source: JobsEQ.

Aerospace ParksThe NESA region possesses a number of aerospace focused properties including the Florence Regional Airport Industrial Park with 446 acres of certified industrial land available on-site, with a great make-up for an industry in the aerospace and aviation field.


Aerospace ParksThe Myrtle Beach International Technology and Aerospace Park (ITAP) industrial park offers 416 acres of prime industrial land, specifically formatted for the aerospace industry.

The site sits adjacent to the Myrtle Beach International Airport and offers a nearly unsurpassed proximity to runways and facilities necessary to the aerospace industry.


Aerospace: Training


In partnership with the Pittsburgh Institute of Aeronautics (PIA), Horry Georgetown Technical College (HGTC) offers an aviation maintenance program that prepares students for the FAA Airframe and Power Plant certifications.

HGTC students earn associate degrees in applied science while learning aircraft maintenance.

Students attend HGTC for the first and last semesters of general education, and attend the PIA facility in the Market Commons area of Myrtle Beach for the middle four semesters. The first class of students in the program graduated in 2013.

Boeing’s South Carolina success


In 2009, Boeing chose to locate its 787 Dreamliner manufacturing facility in South Carolina. This project has become a case study in how the state’s business climate is beneficial for firms looking to expand.

• South Carolina responded quickly and thoroughly to the needs of Boeing once it was apparent the company was focusing on relocating production to the state.

• From the outset of the project, South Carolina legislators were willing to work with Boeing on customized legislation, infrastructure, recruiting and workforce training.

Boeing’s South Carolina success


Since its South Carolina relocation, Boeing has been extremely successful. Initially, the company was slated to create 3,800 jobs coupled with a $1 billion investment. Four years after the announcement, Boeing has created 8,000 jobs and has doubled its initial investment to $2 billion.

Seeing the success to be had in South Carolina, Boeing recently announced the construction of the 787-10 – the largest version of the 787 Dreamliner – would be produced exclusively in South Carolina.

This serves as a great illustration of a company observing South Carolina’s business friendly environment and the state providing excellent support to ensure the success of Boeing at its North Charleston facility.

Quality of Life


Located in beautiful South Carolina, the NESA Region offers something for everyone. You can spend a day at the beach, play a round of golf, cheer at one of the professional or collegiate sporting events, dine in one of our many restaurants or visit a museum.

Whatever your preference, the NESA Region won’t disappoint.

• A diverse landscape with access to beaches, rivers and parks

• A temperate climate

• Both rural and urban areas

• A variety of cultural events throughout the year

Website: www.nesasc.orgPhone: (843) 661-4669Email: [email protected]

http://www.nesasc.org/

think aerospace. think nesa

Business

south carolinasouth

business development

south carolinas workforce

south carolinaaerospace

foreign companies

nesa region

united statesthe united

business unrivaled