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CDFA South Carolina Financing Roundtable Newsletter - July 2017
July 26, 2017
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CDFA South Carolina Financing Roundtable Newsletter


Proposed SC Plant Approved for Job Development Credits
Oregon-based Roseburg Forest Products plans to create a $200 million wood products plant in Chester County, South Carolina. The South Carolina Coordinating Council for Economic Development has approved job development credits related to the project.

SC Community Plans for City-Wide Infrastructure Upgrades
Beaufort, South Carolina, is partnering with Johnson Controls to complete a citywide performance infrastructure and conservation project that's expected to generate $5.4 million in savings over 15 years. The initiative, which was announced in late April, will also reduce the city's overall carbon footprint, energy usage and water consumption.

SC Government Investing in Rural Broadband Connection
AT&T is planning to use cell towers across South Carolina to bring high-speed broadband to rural areas where internet access is slow to nonexistent. AT&T is receiving $9.7 million a year from the government in return for connecting more than 30,000 customers here by the end of 2020.

IFA Expansion in SC Eligible for Tax Credits
With a new manufacturing plant under construction in Berkeley County, the head of German-based vehicle supplier IFA recently said that his country's automotive industry is playing a key role in providing U.S. jobs despite President Donald Trump's rhetoric to the contrary. The South Carolina Coordinating Council for Economic Development provided a $150,000 grant to the county to offset the cost of sitework associated with IFA's expansion. The company also is eligible for state tax credits it can claim based on job creation.

Steel Company, in SC, Using Incentives to Expand Operations
A steel galvanizing company will invest $14.1 million and create 72 jobs at a new plant in Blacksburg, South Carolina. Cherokee County Council on Monday approved tax breaks for Steel Creek Galvanizing Company LLC, which will build an 82,000-square-foot building at 576 Tribal Road.

Ruiz Foods Expanding Operations in SC
Ruiz Foods is bringing in 705 new jobs to the Florence County, South Carolina, facility. The company is making a $79 million investment and doubling its current capacity and manufacturing.

SC Community Loan Fund Provides Funding for Town Hall
The first of two new Virginia-based, $82 million senior-living facilities and a new Town Hall have recently been opened in South Carolina. The Charleston-based South Carolina Community Loan Fund recently provided funding for a new town hall in Hollywood.

Upcoming Events

CDFA Summer School
August 7 - 11, 2017 - Minneapolis, MN
CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.

CDFA Brownfields Financing Webinar: Hazardous to Healthy: Financing Solutions for Recovering Brownfields
August 31, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project.


State Partner

South Carolina Jobs-Economic Development Authority

Supporting Sponsor

Federal Home Loan Bank of Atlanta Haynsworth Sinkler Boyd, P.A. McNair Law Firm South Carolina Jobs-Economic Development Authority

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

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