"...the largest announcement in South Carolina history..."
Airplane manufacturer Boeing is coming to the Charleston area bringing up to 12,000 jobs over the next three years.
Boeing has made a decision to build a second final assembly plant for the new 787 Dreamliner in North Charleston. This is a monumental decision that will have a huge positive impact on Charleston and the entire state of South Carolina. South Carolina has been attracting many corporations over the years reflected in the fact that South Carolina was fourth last year in the nation in labor force growth; even so, this is the biggest announcement of it kind in SC history!
Boeing's decision to move to Charleston means that the area will have an even more diverse economy than it already has and thousands of new employment opportunities - both direct and indirect - as a result of this move.
What is the effect of Boeing's decision to move to Charleston on the real estate industry in Charleston?
Real estate in South Carolina will definitely benefit from this decision.
The entire area, from Summerville to Charleston to Mount Pleasant and beyond - will see a dramatic positive impact for the real estate industry and for home buyers and home sellers. This is much more than the quiet entry of a new manufacturing business into the area (which we have from time to time). Rather, Boeing's decision heralds the beginning an unprecedented change in the economic basis of the entire region. This is a decision that is a very good news for every home owner, every home buyer, and every home seller in the Greater Charleston Area.
Home prices, which have already started to stabilized, will be better positioned to improve as demand for housing will increase. Existing inventories will continue to be drawn down but at a quicker rate. Homebuyers and home sellers in the Charleston, South Carolina area can now anticipate a normal market sooner rather than later where home buyers and home sellers are much better balance. Developing areas with new home construction, which have been operating in a holding pattern for over a year, can now begin to move forward more aggressively with development as confidence in the growth of the Charleston area has 
been totally restored.
Charleston has always been an area that has been attractive to businesses of all sizes and is recognized as one of the top cities in the nation for small business owners. Boeing will discover the Charleston is an amazing place to have a business - large or small. The people of the Charleston area are known for their work ethic, dedication, and mission mindedness.
Governor Sanford called the Boeing move “the largest announcement in South Carolina history... not only enormously good news for our state’s economy, but also a telling dividend from our state’s continued efforts to better our business climate. For us, that means lowering taxes, easing regulatory burdens in our state’s tort and workers’ compensation systems, and keeping South Carolina a right-to-work state.”
Welcome to Charleston, Boeing!!
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Boeing News release:
Boeing to Place Second 787 Assembly Line in North Charleston, SC
SEATTLE, Oct. 28 /PRNewswire-FirstCall/ -- Boeing (NYSE: BA) today announced that it has chosen its North Charleston, S.C., facility as the location for a second final assembly site for the 787 Dreamliner program. Boeing evaluated criteria that were designed to find the final assembly location within the company that would best support the 787 business plan as the program increases production rates. In addition to serving as a location for final assembly of 787 Dreamliners, the facility also will have the capability to support the testing and delivery of the airplanes.
"Establishing a second 787 assembly line in Charleston will expand our production capability to meet the market demand for the airplane," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. "This decision allows us to continue building on the synergies we have established in South Carolina with Boeing Charleston and Global Aeronautica," he said, adding that this move will strengthen the company's competitiveness and sustainability and help it grow for the long term.
Boeing Charleston performs fabrication, assembly and systems installation for the 787 aft fuselage sections. Across the street, Global Aeronautica, which is 50 percent owned by Boeing, is responsible for joining and integrating 787 fuselage sections from other structural partners.
Until the second 787 assembly line is brought on line in North Charleston, Boeing will establish transitional surge capability at its Everett, Wash., location to ensure the successful introduction of the 787-9, the first derivative model of the 787. When the second line in Charleston is up and operating, the surge capability in Everett will be phased out.
"We're taking prudent steps to protect the interests of our customers as we introduce the 787-9 and ramp up overall production to 10 twin-aisle 787 jets per month," said Albaugh.
"While we welcome the development of this expanded capability at Boeing Charleston, the Puget Sound region is the headquarters of Boeing Commercial Airplanes. Everett will continue to design and produce airplanes, including the 787, and there is tremendous opportunity for our current and future products here," Albaugh emphasized. "We remain committed to Puget Sound."
Approximately 55 airlines have ordered around 840 787 airplanes since the program was launched in 2003. The 787 family of airplanes will carry 200 to 250 passengers on flights up to 8,200 nautical miles (15,200 km). The 787 will be more efficient, quieter and have lower emissions than other airplanes while offering passengers greater comfort and the convenience of direct, nonstop flights between more cities around the world.
"The 787 will provide airlines with unprecedented operating economics and efficiencies. It also will take passengers where they want to go, when they want to go, and do it more comfortably and affordably than ever before," Albaugh said. "This airplane will allow us to continue to set the standard for commercial aviation in the second century of flight."