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Columbia Business Monthly

The Business Narrative: 'Best Kept Secret'

Aug 15, 2024 09:53AM ● By Donna Walker
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Columbia Mayor Touts New Collaboration, Working Relationships

By C. Grant Jackson

 

Touting recurring themes of collaboration and connectivity across the Midlands, Mayor Daniel Rickenmann says Columbia is “the land of opportunity” and “the best kept secret in South Carolina.”  

 

Rickenmann was the inaugural speaker Wednesday for a new “State of the Midlands” series being presented by the Urban Land Institute South Carolina. 

 

ULI’s “mission is to shape the future of the built environment for transformative impact in communities worldwide,” according to the ULI website.

 

The ULI South Carolina District Council, “formed in 2005 to encourage dialogue on land use and planning throughout the state and within each of the three main regions,” was the first statewide District Council to be formed.

 

With over 825 members, ULI South Carolina is committed to bringing together leaders from across the fields of real estate and land use policy to exchange best practices and serve community needs.

 

ULI member Brad  Davis, vice president for business development for McCrory Construction Co, where the event was held in downtown Columbia, noted in his introductory remarks, that since becoming mayor in 2022, Rickenmann “has worked tirelessly to expand housing options, community cleanliness and pride, and improve the city's customer service operations.”

 

Rickenmann said in the past the biggest negative for the Midlands was a lack of collaboration.

 

“That was the No. 1 negative about our region. We didn't collaborate,” Rickenmann said. “But that has changed. We now have working relationships with our neighbors:  West Columbia, Cayce, the town of Lexington, Chapin, Irmo, Blythewood, Eastover, Arcadia Lakes, Forest Acres.”  

 

Mayors of the various municipalities now get together on a quarterly basis “and talk about how we can support each other,” the mayor said.

 

An example of that was the joint effort to land the new Scout Motors plant in Blythewood.

 

“We all came together and supported each other to get Scout,” Rickenmann said.

 

Scout Motors is investing an estimated $2 billion in a plant to make electric trucks and SUVs, creating 4,000 jobs.

 

Said Rickenmann, Columbia’s 71st mayor: “I think everyone understands that if one of us grows, all of us grow. We're not separated by boundaries. We're together."

 

He added, "People are going to live in Lexington and work downtown. People are going to work in Blythewood and live at the lake or downtown, or in Eastover, in Hopkins. We’ve got to continue to work together. The Midlands is the biggest opportunity in South Carolina.”

 

Another area that Rickenmann touted for cooperation with the city and region is the effort to work with the region’s six colleges and universities and the more than 60,000 students who are here.

 

Those students are the region’s future workforce, the mayor said. “That is our future leadership. That is your workforce right here in our backyard day-in and day-out,” he said.

 

But those students haven’t felt connected to the community, he said, so one of the first initiatives Rickenmann undertook as mayor was to create a “Collegiate Engagement Committee.”

 

The committee has representatives from every college and university and the technical schools “that meet with us on a monthly basis because we want to learn how do we keep that talent here,” Rickenmann said.

 

To show the city’s appreciation for the students, the city recently put up a banner welcoming the students back to Columbia after the summer break, the mayor said, something that had not been done before.

SJC Ventures Announces Full Occupancy, Completion of Phase Two of West Ashley Station

SJC Ventures, an Atlanta-based mixed-use, grocery-anchored retail and multi-family development firm, recently announced its final tenants for phase two of West Ashley Station, making the property 100 percent leased.

 

Phase one, anchored by a 45,062-square-foot Whole Foods Market, is located at 1125 Savannah Highway.

 

Phase two will include more parking and an additional 29,000 square feet of space for full-service and fast casual restaurants, lifestyle services and convenience-based retail shopping.

 

Previously announced tenants for phase two include a relocated and expanded Hollywood Feed, Hand & Stone, Another Broken Egg, Pacific Dental and GoodVets.

 

Newly announced tenants include Jersey Mike’s Subs; Nothing Bundt Cakes; CAVA; Nikita Hair Salon; House of Sage, a women’s boutique; and Serotonin Centers.

 

Several tenants in the second phase are open, with a majority set to open by the end of this year. The center expects all tenants to be open by February 2025.  

 

Founded in 2007, SJC Ventures is a privately held, mixed-use commercial real estate and retail development firm.

 

The company has acquired and developed more than 60 retail, mixed-use, multifamily and office projects throughout the continental U.S. 

Small Business Optimism On the Upswing

The NFIB Small Business Optimism Index rose to 93.7 in July, its highest reading since February 2022.

 

Wells Fargo economists Jackie Benson and Ali Hajibeigi said it’s hard to mistake this four-month string of upticks for anything other than a trend improvement in sentiment.

 

Although the index remains below its 50-year average of 98, the outlook for business conditions shot up 18 points in July, driven by brighter sales expectations, the economists said.

 

Yet, they added the underlying details continue to reveal hesitancy about the demand outlook amid a cloudy economic and political landscape.

 

The clearest takeaways from July’s survey are vital for the Fed: labor demand continues to ease and price pressures continue to fade, the economists said.

 

They said these soft elements of the survey measures, in concert with hard data on inflation and nonfarm payrolls, support their view that the Federal Reserve will begin cutting its policy rate next month at the September meeting.

National Medal of Honor Center for Leadership Names VP for Development and Strategic Initiatives

The Mount Pleasant, South Carolina-based National Medal of Honor Center for Leadership said Tom Hudner III, a veteran fundraising executive and the son of a Medal of Honor Recipient whose story was enshrined in the film, “Devotion,” has been named vice president for development and strategic initiatives.

 

Officials said Hudner’s addition comes at a critical time for the Center for Leadership, currently raising money to develop a $75 million, 50,000-square-foot conference center and immersive experience at Patriots Point in Mount Pleasant.

 

At the same time, the Center for Leadership will begin to roll out, in the coming months, a comprehensive series of educational programs to teach leadership skills using the core values of the Medal of Honor as a foundation.

 

Officials said this robust digital platform will allow the Center for Leadership to reach a national audience of learners with lessons and experiences in values-based decision-making.

 

A resident of Concord, Mass., Hudner has spent much of his career in nonprofit fundraising, primarily in education and health care.

 

Most recently he was chief development officer at Boston MedFlight, primary provider of critical care medical transport by air and ground in Massachusetts.

 

“This position is a perfect alignment of my professional experience with an organization whose mission is so close to my heart, my upbringing, and my ethos and beliefs,” he said.

 

He added, “Any environment and culture can benefit from upholding and emulating the ideals that the Medal of Honor and the Recipients represent. The opportunity to help this organization grow and to spread these ideas to new generations is an opportunity for which I’m very grateful.”

 

The Medal of Honor is the nation’s highest award for military valor. By highlighting the core values of the Medal of Honor - Courage, Integrity, Commitment, Sacrifice, Citizenship, and Patriotism - the Center for Leadership seeks to inspire transformational change and show how values-based leadership is accessible and relatable to all people across the nation.

 

“Tom Hudner has lived the values of the Medal of Honor his entire life,” said Center for Leadership CEO Thomas Mundell. “Tom fully grasps that our ultimate goal is to help people to meet their moment. His senior-level experience with nonprofits along with his passion for our mission makes him an essential part of our team at this next stage of our development.”

 

Hudner’s late father, Navy Capt. Thomas Hudner Jr., was a naval aviator and Recipient of the Medal of Honor from the Korean War.

 

Capt. Hudner received the Medal after he deliberately crash-landed his Corsair plane in the mountains of North Korea in a valiant attempt to save his wingman, Ensign Jesse L. Brown, the nation's first Black naval aviator.

 

Brown had been shot down behind enemy lines around the Chosin Reservoir.

 

The actions on that December day in 1950, and Hudner’s friendship with Brown, were the subject of “Devotion,” released in 2022.

 

Tom Hudner III appeared in a cameo in the film. His father died in 2017 at the age of 93.

 

“My father is my inspiration and a reminder that all of us – regardless of age, gender, race or vocation – can be inspired to serve selflessly and to put the needs of others above our own,” Tom Hudner III said.

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