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2019
Annual
Report
Thank You!
To all Digital Corridor members, partners, investors, volunteers
and supporters...
Created with Highcharts 4.0.4 Average Wage Comparison 33,040 37,955 42,130 44,970 46,200 66,583 75,896 70,084 91,105 93,183 CHS Region CDC Companies 20062010201420182019 0100,00025,00050,00075,000
The Digital Corridor's annual wage survey amongst its member companies has consistently shown not only continued growth, but a substantial improvement over the region's average compensation.
Created with Highcharts 4.0.4 Tech Companies @ www.charlestonworks.com 175 221 251 336 444 480 201020122014201620182019 0100200300400500600
CharlestonWorks.com is a web directory provided by the Digital Corridor since 2010. The goal of this initiative is to showcase and map the complete and ever-expanding picture of tech and tech-related companies in the Charleston region, not just CDC member companies.
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COMMUNITY
Created with Highcharts 4.0.4 iFiveK - Where Tech Runs! 250 650 930 1047 1230 405 768 1196 1440 1560 Racers Slices of Pizza 20072010201420182019 05001,0001,5002,0002,5003,000
The iFiveK, held annually since 2007, has become THE social & networking event for tech companies in the Charleston area. Companies sponsor teams of up to 300 runners and vie for the coveted SPIRIT award going to the team displaying the most energy, flair & creativity.
Expansion. Elevation. Distinction.
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HAVE A LOOK AT OUR YEAR IN REVIEW
NUMBERS & HIGHLIGHTS
Created with Highcharts 4.0.4 2019 WiFi Users 14,280 19,306 17,546 13,470 Q1Q2Q3Q4 05,00010,00015,00020,00025,000
Beginning with the 2012 initial deployment at Marion Square Park in downtown Charleston, a total of 12 public parks now boast free, fast WiFi. The Charleston Free WiFi initiative augments and testifies to the strong and burgeoning tech community in our city. Special thanks to our WiFi sponsors and partners: Google, City of North Charleston, Speedwell Foundation and Charleston Parks Conservancy.
Created with Highcharts 4.0.4 Device OS Breakdown 51.5% 20.8% 0.5% 2.4% 24.8% iOS Android Windows Mac Other
20
19
INSIGHTFUL INTERVIEWS WITH CHARLESTON TECH LEADERS
LEADERSHIP PROFILES
2019 brought the ground-breaking and start of construction for the Charleston Technology Center in downtown Charleston. The entire 2nd floor will be Flagship3, a state-of-the-art 18,000SF co-working facility and the new home of the Digital Corridor!

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UNDER CONSTRUCTION!
20
19
CHARLESTON CONTINUES TO BE RANKED IN TOP US CITIES
ACCOLADES
BEST SMALL CITY IN THE WORLD
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BEST CITY
IN AMERICA
#1
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TALENT
BEST US CITIES TO START A BUSINESS
#7
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Charleston
Charleston
#1
Charleston
FIVE CITIES TO WATCH IN 2020
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WHERE JOBS WILL BE IN 2020
#5
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Charleston
#1
Charleston
BEST CITY
IN THE WORLD
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#12
Charleston
BEST PLACES TO LIVE IN AMERICA
#7
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Charleston
BEST TECH CITIES FOR GENDER INEQUALITY
#6
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Charleston
TOP BOOMTOWNS IN AMERICA
#8
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Charleston
TOP BOOMTOWNS IN AMERICA
#3
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Mount Pleasant
BEST CITIES FOR A STAYCATION
#6
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Charleston
Our 2018 promotional
video, titled Our Time is
Now, which highlights
Charleston and it's
diverse & vibrant tech
companies wins
at the 2019 SEDC
Annual Conference in
New Orleans!
Kirk King
Chairman, CDC Foundation
Ernest Andrade
CDC Executive Director
It’s once again time for us to ever so briefly pause and look at the year behind us. Although we’re typically averse to looking back, it’s important to review what has transpired and what was accomplished in 2019; and yes, even the decade preceding.
 
At the outset of 2019, we were looking particularly forward to a major milestone in the history of the Charleston Digital Corridor- the groundbreaking of the Charleston Tech Center, which is the future home of the CDC. Well, the groundbreaking indeed happened with much fanfare and now, after only months, the imposing steel frame of the one-of-a-kind structure is already stretching into the sky while revitalizing an area of our community.
 
What we weren’t expecting was another completely new facility to join the Flagship family legacy. And yet, as I write this note, the Flagship-WestEdge is just days away from opening its doors to growing tech & life science companies in need of high-quality, flexible workspace.
 
This year’s report, along with all those in the preceding decade, show without a doubt that the CDC is and has been instrumental to the rapid and remarkable growth of Charleston’s tech economy. I’d like to thank our director, Ernest Andrade, and his remarkable staff for the dogged and unceasing dedication to making Charleston’s tech community better year over year - 2019 certainly being no exception. Now we face forward again and eagerly anticipate all that the year and decade ahead have in store. Happy New Year!
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Phew! 2019 was quite a workout, but I’m feeling the really good kind of sore. I’m really proud of what the Corridor has accomplished this past year (and decade) and even more gratified with the stellar accolades the Charleston region is receiving, thanks in large part to the success of our tech community.
 
When I think of the high points of 2019, the CTC ground-breaking has to be our biggest and proudest achievement to date. The toil and tears it took to get there only made it that much sweeter. But haven’t many of you heard me say that I must be a glutton for punishment? So when the request came to lead the buildout and management of yet another tech and life-sciences focused facility at the City’s behest, I said, “Yeah sure, no problem!” Cue the brand new 8,000sq.ft. Flagship-WestEdge, which will open shortly – and is already at near full capacity.
 
But the Digital Corridor is and always has been about much more than Spaces and I’m pleased with our continual growth and accomplishments in the areas of Community and Talent over the last year and decade as well. To that point, stay tuned for the imminent launch of the CDC Diversity Initiative, our new capital campaign, with an initial goal of raising $100,000 to further support the growth and diversity of our tech community. I’ll be in touch personally with many of you to give further details, make the case and an appeal for your investment in the cause. As a community, we’ve made major strides and I am confident that together, we can do more. I truly wish to thank you for your steadfast support of what we do and certainly for all that you do as well to enrich this terrific community. Let’s roll!
& decade!
^
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SPACES
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CAPITAL
Created with Highcharts 4.0.4 Cumulative Capital Raised by CDC Members $863 $939 $1,148 $1,491 $1,800 In Millions 20102012201420162019 05001,0001,5002,0002,500
Digital Corridor member companies have to date raised a staggering $1.8 billion, and that's just those we were able to verify. This includes grants, angel/VC/private equity investments, acquisitions, mergers and IPOs.
The Digital Corridor was asked by City Council to manage a 4th-floor, 8,000 square foot co-working space at the brand new 22 WestEdge. Located in downtown Charleston in the Medical District, Flagship WestEdge is ideally and exclusively positioned for tech and life sciences companies.

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NOW LEASING!
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Although it is only a temporary home, it has served us, our residents and the Charleston tech community extremely well. Hard to believe we've already passed the one year mark – and we're excited to see what year two has in store!

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CELEBRATING ONE YEAR!