Economy

  Housing inventory hits 20-year low, prices up

The price of a home in Charleston continues to skyrocket as more people flock to the area.

  Lawmakers to decide on possible retroactive raises for state teachers

Working Wednesdays: Sanders Brothers Construction is hiring

  SC reports 3rd consecutive drop in weekly first unemployment claims

  For some, the wait for unemployment claim approval has lasted for months

  West Ashley Park construction on track after delays

2 remaining Charleston-area BI-LO stores set to close unless buyer found

Continued Coverage

  Gov. McMaster defends COVID-19 response in State of the State

  Businesses preparing to apply for second round of PPP loans

Working Wednesdays will connect Lowcountry companies with future employees

Charleston to host Stimulus Webinar for Small Businesses

  Dominion puts SC rate increase on hold for at least 6 months

  Gov. McMaster proposes $48 million to expand full-day 4K program

  McMaster unveils his $10B state budget

South Carolina Gov. Henry McMaster will release his Executive Budget Friday from the Statehouse.

  State reports double the first-time unemployment claims over previous week

The South Carolina Department of Employment and Workforce said the number of new claims it received last week more than doubled compared that of the previous week.

  You can help local businesses get back on their feet in 2021

The pandemic caused millions of businesses around the country and hundreds right here in the Lowcountry to close their doors at some point.

Documents reveal how much S.C. has spent on COVID-19 vaccine preparation, distribution

It has become a costly task for states to respond to the COVID-19 pandemic and distribute the highly-anticipated vaccine.

Thousands of South Carolinians at risk of mountains of debt without COVID relief bill

Evictions taking place in SC despite moratorium still in effect

  Monday is deadline for input on Georgetown’s strategic plan

S.C. waits for word as federal unemployment benefits expire

South Carolina prison employees to get COVID-19 hazard bonus

  Two dozen homeless veteran families in Charleston to receive housing assistance

  Statewide birth control access program looks for funds to keep it running

Funds are starting to run out for a statewide birth control access program, that serves more than 250,000 women in South Carolina.

  Christmas Eve shoppers brave lines for last-minute deals

Hundreds of shoppers tried to get in some last-minute shopping on Christmas Eve at Tanger Outlets before stores closed.

  Tri-County governments see decline in accommodations tax revenue in pandemic

The tourism industry in South Carolina is working to recover from a decrease in travel due to the coronavirus pandemic.

State reports fourth-lowest weekly total of initial unemployment claims since pandemic began

South Carolina’s Department of Employment and Workforce says the number of people who filed their first claim for unemployment in the week ending Saturday dropped over the previous week.

  S.C. reports week-to-week drop in new unemployment claims

South Carolina reported fewer first-time unemployment claims last week than the week before, but that new total is still higher than the low set two weeks ago.

  S.C. school districts to receive $84 million to help with reopening efforts

The South Carolina Department of Education announced it will provide more than $84 million to the state’s school districts and special schools to support reopening efforts.

State employment officials respond to report about $27M in benefit overpayment

The state’s Department of Employment and Workforce is responding to a news report claiming the state overpaid millions of dollars in unemployment benefits.

  ‘Hope for the Holidays’ campaign raises nearly $88K for Lowcountry Food Bank

A fundraiser to benefit the Lowcountry Food Bank raised money that will help families in need put food on the table during the holidays.

  ‘Four Days of Christmas’ kicks off to help families in need

Instead of packing families inside for a holiday barbecue and toy giveaway, Tricounty Family Ministries had to get creative to offer support for Christmas in 2020.

  3 months later, Lowcountry woman still waiting for unemployment benefits

A Dorchester County woman who is a single mother of three applied for unemployment benefits months ago but says she is still waiting for a response.

  McMaster attends groundbreaking for Dorchester County Walmart facility

Gov. Henry McMaster helped break ground on a new Walmart distribution center coming to Dorchester County Thursday morning.

  S.C. reports lowest first-time unemployment claims since pandemic began

For the first time since mid-March, South Carolina reported fewer than 3,000 first-time claims for unemployment.

Same leadership, same issues for SC’s budget committee

There have been no major changes to the main committees in the South Carolina House.

  Charleston homeowners may see tax increase if budget proposal passes

Council members were originally considering a proposal that would reduce the credit taxpayers get from the Local Option Sales Tax by 50 percent and increase taxes by 3 mills.

  Berkeley Chamber of Commerce encourages ‘Buy Local/Support Local’

The Berkeley Chamber of Commerce says its annual promotion designed to encourage people to buy and support local businesses during the holiday season is especially important this year.

  Pandemic kept some stores from opening on Thanksgiving Day

Shoppers who hoped to get a jump on Black Friday on Thanksgiving night are finding some stores aren’t opening their doors.

  Worker shortage provides chance to increase racial diversity in workforce

A new report from the Charleston Metro Chamber of Commerce forecasts 28,000 new jobs coming to the area over the next 10 years.

  Evictions are rising in the Lowcountry and help is running dry

Thousands of households in the Lowcountry have faced losing their home since a moratorium on evictions lifted in May. The numbers continue to increase as the end of the year approaches.

Zig-zag in new unemployment claims continues in S.C.

South Carolina’s Department of Employment and Workforce reported a slightly higher number of new claims for unemployment over the week ending Saturday.

  McMaster calls on Dominion Energy to withdraw rate hike request

South Carolina Gov. Henry McMaster Tuesday asked Dominion Energy to drop a request for a 7.7% rate hike for South Carolina customers.

New study ranks best places to shop for Black Friday

With Black Friday sales starting earlier this year and most consumers planning to shop online rather than in-store, a new WalletHub study ranks the best places to shop for deals.

S.C.’s October unemployment rate falls to 4.2%

The South Carolina Department of Employment and Workforce says the unemployment rate in South Carolina for the Month of October dropped nearly a full percentage point from September.

Find your next job at the Live 5 Virtual Hiring Event

Companies are looking to fill positions in transportation, food service, health care, manufacturing/industrial, communication, construction and fast food/convenience will be talking about job requirements, benefits, and more.

Airport holds ribbon cutting on new parking garage

Charleston International Airport officially opened its new parking facility Thursday at a ceremonial ribbon-cutting.

  State records slight drop in first-time unemployment claims over past week

South Carolina employment officials say the number of people who filed their initial claim for unemployment benefits for the week ending Saturday dropped slightly over the previous week.

Johnson VA Medical Center will distribute free Thanksgiving dinner for Veterans-in-need

The Ralph H. Johnson VA Medical Center plans to distribute pre-packaged Thanksgiving dinner meal kits to Veterans in need on Saturday.

  Dozens of new affordable housing units planned at Charleston historic school

People who call Charleston’s Eastside neighborhood home will soon see dozens of new affordable housing units in a historic school, but some community members say they don’t want it to make parking more congested as people move in.

  S.C. will not raise unemployment taxes for businesses despite pandemic

South Carolina Gov. Henry McMaster said businesses will not face an unemployment tax increase despite the amount of money the state has payed out in unemployment benefits.

  Charleston City Council to consider tax increase to balance 2021 budget

Charleston city leaders are working to balance the 2021 budget against an $18 million shortfall. The Charleston Ad Hoc Budget Committee met on Thursday and decided on a proposal that involves increasing taxes.

Charleston works to close $18M shortfall for 2021

A Charleston budget committee is meeting Thursday to consider options to balance the city’s budget against an $18 million shortfall.

  Group of College of Charleston professors call for police budget cuts

There is another call for the Charleston City Council to remove $5 million from the police department’s budget for the next fiscal year. This time the call is coming from academia.

US posts record deficit of $3.1 trillion in 2020 budget year

The U.S. government posts a record deficit of $3.1 trillion in the 2020 budget year as the pandemic shrinks revenues and fuels spending.

COVID-19 relief pushes U.S. budget deficit to a record $3.1T

New, eye-popping federal budget figures show an enormous $3.1 trillion deficit in the just-completed fiscal year, a record swelled by coronavirus relief spending that pushed the tally of red ink to three times that of last year.

  S.C. teachers ‘step out’ during statewide protest over budget

Many South Carolina teachers took a personal day Wednesday to take part in a virtual protest over the state’s budget.

  State lawmakers to work on budget, considering hazard pay for some state workers

Small teacher raises and money for state prisons could be back on the table Tuesday as lawmakers return to the Statehouse in Columbia for a special two-week session.

  S.C. lawmakers return to Statehouse for budget talks Tuesday

South Carolina lawmakers are set to return to Columbia Tuesday to discuss changes to the state budget.

  Senate to consider teacher raises in state budget

South Carolina teachers could see a small pay raise if the 2020-2021 budget is approved. The state senate will be considering the spending plan next week.

Budget deficit to hit record $3.3T due to virus, recession

The federal budget deficit will hit a record $3.3 trillion due to COVID-19 costs and the recession.

  S.C. budget writers prepare for plan with many unknowns

After a nearly two-month long delay because of COVID-19, South Carolina lawmakers are preparing to write a budget without a lot of certainty on how much they can spend.

Sheriff’s Office reduces budget to offset Williamsburg County budget shortage

County officials say the Williamsburg County Sheriff’s Office is reducing its budget to offset the funding shortage in the county’s budget.

  City of Charleston facing $40 million budget shortfall due to pandemic

City leaders say their budget is approximately $40 million short due to the coronavirus pandemic. Some of the city’s largest money makers are parking and tourism fees.

Beaufort cuts expenses as it faces $2.1M budget shortfall

The City of Beaufort is cutting expenses over expectations that revenue in the last quarter of the fiscal year will drop significantly.

  Senator: MUSC would have faced $100 million shortfall by June if layoffs didn’t happen

MUSC Health officials temporarily laid off about 900 workers and reduced pay for all salaried employees on Monday, a move that one state senator said saved the hospital millions.

SC Rep. pushes for aid using budget surplus as employees face mass lay-offs

As businesses across the country struggle to keep customers during the COVID-19 crisis, many have had to completely shut down their restaurants and stores.

House approves state budget, nixes across-the-board raises for state employees

The South Carolina House has rejected proposals to give across-the-board raises to state employees.

SC House prepares to debate state’s $10 billion budget

The South Carolina House is getting ready to consider the state's $10 billion budget.

  SC ranks among highest unemployment for people with disabilities. A Charleston shop breaks that mold.

Saturday marks the two-year anniversary for the cafe, whose chain was started in honor of two children with Down Syndrome.