A new report from cleanenergy.org states that South Carolina is currently home to 33 wind-energy related businesses. A recently built facility that test wind-turbine generators represents the state's largest single investment at $55 million.

A bill to link state economic development strategy to crowdfunding passed the South Carolina House of Representatives. Crowdsourcing.org reports that the bill would provide income tax benefits to both companies and in-state investors for making capital investments in new and existing companies.

The Post and Courier reports that the Daimler deal will provide annual tax credits for jobs that pay nearly one-third less that the area's average wage. Under the deal, Daimler will invest $500 million in a new plant, which will create 1,360 new jobs. Daimler can claim tax credits ranging from $798 to a maximum of $5,000 per worker for the next 10 years.

South Carolina Jobs-Economic Development Authority will finance the new construction of the Porter-Gaud Fine Arts Center Construction using $29.4 million and $6.2 million in tax-expemt and taxable revenue bonds, respectively.

November 3, 2015
Join CDFA and JEDA for the second-annual South Carolina Financing Roundtable Conference on November 3, 2015. This one-day event will feature a number of economic development finance experts and leaders from around the state discussing development finance tools, resources and approaches and how these methods can move South Carolina's economy forward. Topics to be discussed include bonds, redevelopment, loan funds, innovation capital, tax credits, federal funding and much more.

>>> SEARCH HEADLINES   

Roundtable Partner