On Economic Development
- In recent years, our City has experienced economic prosperity while the nation's economy has slowed. Recent data shows per capita income in the City approximately 20 percent higher than the State.
- Better yet, our businesses are healthier as gross income reported has increased 85 percent according to business license records. US News & World Report ranked Charleston as the number one city in which "Business is Best".
- This attitude was established early in the administration and is demonstrated in Mayor Riley's efforts in the early eighties to create the Business & Technology Center on East Bay Street to assist small businesses.
- Our City Center has become a thriving commercial district through Mayor Riley's pursuit of private sector investments in projects like:
* Lodge Alley Inn * Liberty Center
* 155 Meeting Street * 134 Meeting Street
* Southern Bell Building * Charleston Place
* First Union Center * NationsBank Building
- Mayor Riley has long supported the growth and success of MUSC and the Ports Authority realizing they are catalysts for further economic growth. By pushing for the location of public institutions in less developed areas, Mayor Riley has successfully attracted businesses and private investment to these neighborhoods bringing about improved economic conditions. Such projects include:
* Visitors' Center * Charleston Museum
* East Side Recreational Center * School Board Building
* Maritime Center * South Carolina Aquarium
- Mayor Riley has fought hard to ensure that King Street remains a major retailing district. His administration has worked closely with individual retailers and property owners to market the district. He is fighting equally hard to protect neighborhood retail districts throughout the City such as South Windermere.
- He has relentlessly pursued funds needed to bring about major private redevelopment projects to support King Street such as:
* Charleston Place * Saks Fifth Avenue
* Francis Marion Hotel * Hampton Inn
* Embassy Suites * Charleston Music Hall
* Bluestein's
- Since 1980, private investment in such projects has reached close to half a billion dollars and over 3,500 jobs have been created.
- Tourism is an important part of our City's economic vitality. There are 1,700 visitor-related businesses in the area. Many of these are independent retailers and service providers whose livelihood greatly depends upon the 5 million visitors we receive each year.
- Our City is a leader in the successful management of the tourism industry. Under Mayor Riley's tenure, the City has:
- created alternative tourist centers to reduce the pressure on the lower peninsula neighborhoods. These include the uptown area developing near the Visitors' Center and the proposed waterfront district focusing on the Maritime Center and the Aquarium.
- developed the Visitors' Center with related parking garages and the DASH system to reduce the number of cars in the historic district.
- established the Tourism Commission to oversee industry operations in order to mitigate the impact on neighbors and businesses. From diapers on the horses to restricting the number and routes of the busses, the Commission has worked hard to protect our citizens.
- created residential parking districts, and increased policing of the battery and other high traffic areas.
- Successful economic development requires that a city create an environment where businesses, and the families employed by those businesses, wish to locate. Since 1977, hundreds of homeowners and businesses beyond Charleston's boundaries have asked to join the City. As a result, our land area has increased from 16 to 73 square miles, and we are now positioned to pursue future economic growth and create jobs for our citizens, their children and grandchildren. The City is attracting industry to areas of development such as Daniel Island. It is anticipated that this area will experience several billion dollars in private investment over the next 25 years.
- The quality of life offered in Charleston is crucial to our continued economic prosperity. We have educational and cultural opportunities unlike any other city our size. The Riley administration's strong support of the Arts has assisted in:
* Expansion of the Charleston Museum and the Gibbes Museum of Art.
* Establishment of the Charleston Symphony as a top regional orchestra.
* Support of the Charleston Ballet Company, the only professional dance company in the State.
* Creation of the internationally recognized Spoleto Festival USA.
* Creation of a series of festivals including the Maritime Festival, MOJA Arts Festival, Piccolo Spoleto, Southeastern Wildlife Expo, and the Worldfest Film Festival.
- It was Mayor Riley's vision of Charleston as a regional center of maritime activity that led to the establishment of the Maritime Commission, creation of the Maritime Festival and recruitment of the BOC race. The Maritime Center and the Aquarium will solidify our City's waterfront heritage. The global media coverage the City received during the BOC could not have been bought and will help in business recruitment efforts.
- Under Mayor Riley's tenure, Charleston has received recognition as an "All-America City" and as "America's Most Livable City".