Port District Economic Development

Project Summary

The Town of Mount Pleasant recognizes the significant economic development opportunity in the relocation of the South Carolina Ports Authority headquarters to the Wando Welch Terminal. The Port of Charleston has a $53 billion dollar annual impact on the state of South Carolina and has been named the most productive port in the US. With the desire of companies looking to locate near and around this important infrastructure, especially around the headquarters of the operations, this creates a competitive advantage the Town has never before had. The Town seeks to create a favorable and impactful experience when exiting I-526, one in which it is unmistakable that the passenger has arrived at the state headquarters for the Port’s Authority, and thus, the place for industry and economic opportunity. The Port District Economic Development Study provides a comprehensive assessment of the assets in the port area, as well as an action plan of the enhancements needed to better leverage those assets, and thus, the opportunity. Town Council has set aside funding of $1.5 million dollars towards implementation of the study findings.

Report Summary

The purpose of this report is to address the character and use of a key area primed for economic development in the town of Mount Pleasant with the goal of shaping its growth, redevelopment, and evolution. This should occur in a way that is intentional, successful, and sustainable and ultimately increases the quality of life for all who live, work, or visit the area.

This vision should also have a positive impact on the entire town of Mount Pleasant through increased and focused economic development opportunities. The Port District Economic Development Study provides an assessment of the assets in the port area, as well as an action plan outlining improvements and policies needed to better leverage those assets, and thus, enhance the opportunities.

The general approach to this project is to develop the appropriate criteria that will guide growth and redevelopment, including both land use and infrastructure, in a way that benefits the town. Input was received from representatives within study-area neighborhoods, the South Carolina State Ports Authority and members of the Town’s Economic Development Committee of Council.