CDFA South Carolina Financing Roundtable Newsletter - January 2017

CDFA South Carolina Financing Roundtable Newsletter - January 2017
January 25, 2017



Feature
New JEDA Bonds Refinance Expansion at Mason Preparatory School in Charleston Mason Preparatory School is using a $6.93 million bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to refinance costs for a prior construction project and expansion. SC Commerce Plans Marketing Push to Grow Tech Sector The S.C. Commerce Department wants to shift its attention from the attracting big-name manufacturers and focus on growing the state's tech sector. NARENCO Plans Two Solar Farms In Orangeburg County, SC The National Renewable Energy Corporation will be constructing two new solar farms in Orangeburg County, South Carolina. Both projects are expected to bring $89.1 million in new capital investment to the area. Job Development Credits Approved for OneMain Holdings, Inc. Expansion OneMain, a leading consumer finance company, is expanding its operations in York County. The expansion is projected to bring $279,000 in new capital investment and create 175 new jobs. The Coordinating Council for Economic Development has approved job development credits for the project. USDA Invests $13.6M in Citrus Greening Research The USDA National Institute of Food and Agriculture announced four grants totaling more than $13.6 million to combat citrus greening disease, aka Huanglongbing. The funding is made possible through NIFA's Specialty Crop Research Initiative Citrus Disease Research and Extension Program. Greenwood County Approves 20-year Property Tax Reduction for Planned Solar Farm The Greenwood County Council will offer a 20-year property tax reduction to help bring a $45 million solar generation site to land off Dixie Drive in Hodges. NMTC Coalition Urges Supporters to Sign Letter The NMTC Coalition is sending a letter to Congress urging leadership to protect the New Market Tax Credit. Please consider signing their letter if you support this important development tool. Duke Energy to Invest $1.4M for Conservation Duke Energy will invest nearly $1.4 million to help protect wildlife habitat and land conservation efforts in South Carolina for many years to come.
Upcoming Events
Intro Tax Credit Finance WebCourse February 15-16, 2017 - Daily: 12-5 pm Eastern The Intro Tax Credit Finance WebCourse examines the application of tax credit programs in greater economic development finance efforts. This course will discuss the practical application of tax credit programs including brownfields, new markets, low income housing, historic preservation, and state-specific programs. CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs) Thursday, March 9, 2017 - 2:00 - 3:30 pm Eastern Join CDFA, our technical assistance partners, and experienced brownfield communities on March 9, 2016 from 2:00 – 3:30pm Eastern as we discuss Private Activity Bonds and how they can be used to compliment the redevelopment and cleanup of your brownfield project.
Partner
Roundtable Partner
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.