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CDFA South Carolina Financing Roundtable Newsletter - September 2016

CDFA South Carolina Financing Roundtable Newsletter - September 2016
September 28, 2016
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CDFA South Carolina Financing Roundtable Newsletter

Feature

JEDA Bonds Finance Construction of Greer Middle College Charter High School
Greer Middle College Charter High School is using $6,558,000 in tax-exempt financing from the South Carolina Jobs-Economic Development Authority (JEDA) to replace 29 portable units with a new school building on the Benson Campus of Greenville Technical College in Taylors.

Panel Votes to Extend Nuclear Power Tax Credit
The House Ways and Means Committee voted Wednesday to remove the requirement that newly-built nuclear power plants be in service by 2020 in order to receive a tax credit. It would likely benefit two reactors under construction and at risk of missing the 2020 deadline in Georgia and another two in South Carolina.

Region Farmers Get $8.3M in Farm Aid
T&D Region farmers are receiving almost $8.3 million in state grants to help them following last October's floods. The South Carolina Department of Agriculture announced it is mailing checks for Farm Aid grants on Friday, Sept. 16.

Florence City Council Moves to Refinance TIF Borrowing, Lower Bond Interests
The Florence City Council voted on an ordinance that, if finalized, would refinance an existing tax increment financing bond up to $40 million over a 30-year period, which also includes a lowered interest rate.

$3B in Amortized Bonds to Aid SC Bridge Projects
In the last legislative session, $200 million was set aside on a recurring basis to amortize approximately $3 billion in bonds to be used for resurfacing interstates and fixing structurally deficient bridges.

SCCEBA Works to Build a Clean Energy Transportation Plan
More than 50 clean energy representatives and thought leaders from all over North and South Carolina came together recently in Cayce, SC, at the SCANA headquarters to discuss the future of clean transportation in South Carolina.

Myrtle Beach Could Save $4.2M with New Bonds
The city of Myrtle Beach could save $315,000 a year as it reissues bonds used for the development of old air force base land. The reissued bonds will be paid out with property taxes from homes and businesses on the Air Force base land.

JEDA Bonds Fund Improvements at Tri-County Technical College
The Tri-County Technical College Foundation is using $28M in bond funding from the South Carolina Jobs-Economic Development Authority (JEDA) to help pay for a new student center and other improvements at the school's campus in Pendleton.

ChartSpan Expands to Greenville, SC, Bringing 300 Jobs
Upon exiting from the Iron Yard Ventures Healthcare Accelerator Program, ChartSpan was offered state and Greenville economic development tax and job creation incentives to stay in Greenville.

New JEDA Bonds Promote Growth for Watson Engineering
Watson Engineering Inc. recently announced that it has gained a  $7-million bond issue from South Carolina's Jobs-Economic Development Authority (JEDA), which will help facilitate the company's expansion and refinancing.

Upcoming Events

CDFA's 30th National Development Finance Summit
November 2-4, 2016 - New Orleans, LA
Join CDFA in New Orleans, Louisiana for the 2016 National Development Finance Summit! Hosted by the Louisiana Public Facilities Authority (LPFA), the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

South Carolina News

North Augusta's Proposed Project Jackson Clears ‘Major Obstacles'
Aiken Standard | Sep. 28 | Tax Increment Finance (TIF)

Palmetto Health Refinances Tuomey Purchase with JEDA Bonds
SC JEDA | Sep. 16 | Bond Finance | Infrastructure Finance

South Carolina Business Roundup
The Post and Courier | Aug. 31 | Tax Credits

Plan Nixed for Proposed Low-Income Housing Development in Chapin
ColaDaily.com | Aug. 31 | Tax Credits

Charleston County Officials Continue to Push for I-526
The Post and Courier | Aug. 31 | Infrastructure Finance


Partner

Roundtable Partner

South Carolina Jobs-Economic Development Authority

Conference Supporting Sponsor

Federal Home Loan Bank of Atlanta



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.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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