A well written article in The Economist was published on Dec 30, 2008 about Charleston's maturity since the closure of the Navy Base in the mid 90s. Click here to view the article. It's true that the closure of this base was eminent doom for the military based economy of little ol' Charleston.
In my humble opinion, three key Charleston's visionary leaders, North Charleston Mayor, Keith Summey, Charleston Mayor, Joe Riley and Mt Pleasant Mayor, Harry Hallman, worked hard to diversify the local economy making a quite recovery. The article states, "Job growth for the Charleston region was 16.5% between 2000 and 2007; nationally, it was less than half that. Charleston's growth in GDP, wages and bank deposits all outpace national averages. Household income has increased by 30% since 2000. In July Inc, a magazine for entrepreneurs, described it as among the best cities for doing business." Charleston's Digital Corridor has intentioinly worked to increased tech jobs and many of the security companies have attracted highly skilled workers.
The charm, beauty and low cost of living added to the diverse economy has contributed to a 10% increase in Charleston population just over 600,000. The Economist article pointed out that is forecasted to increase another 20,000 by 2010. National Geographic recently ranked Charleston as being among the 50 best places to live.
The Economist continued that "for the most part Charleston is weathering the economic downturn well." While the military is still the largest employer 12 years later after the base closure, I wouldn't described the town any more as a military town. At least not compared to town I remember in the 90s. Charleston, SC has 3 bases: Charleston Air Force Base, Naval Nuclear Power Command and Charleston Coast Guard base. Charleston has so much to offer, not to mention a low cost of living compared to other similiar cities. We have rich history, gorgeous architechture, plenty of recreation between the beaches and golf and many events and festivals to celebrate our local culture. Come and visit and you'll want to make Charleston your home.
Michele Reneau - Military Relocation Specialist with Carolina One Real Estate in Charleston, SC.
Contact Michele Reneau, Real Estate Agent, North Charleston, SC Relocation Expert, CRS, GRI, ABR. Licensed Realtor® in South Carolina at 843-572-0518 to list your property for sale or to purchase real estate in Charleston, Goose Creek, Summerville, North Charleston, Hanahan, Mount Pleasant and the surrounding areas in Charleston County, Berkeley County or Dorchester County, South Carolina. The Charleston Relocation Expert specializes in military relocation, first time homebuyers and creating marketing exposure to sell your home in the Charleston SC Real Estate market. I can also be contacted by email at firstname.lastname@example.org. To view all Charleston Metro area Homes for Sale Click Here and then click on Search for Homes. With over 25 years of Lowcountry Living, I know the Charleston Metro area. I will help you get your home sold and/or help you buy your Charleston home or land.