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CDFA South Carolina Financing Roundtable Newsletter - March 2017
March 29, 2017
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CDFA South Carolina Financing Roundtable Newsletter

Feature

New JEDA Bonds Refinance Retirement Community in SC
Bishop Gadsden Episcopal Retirement Community is using a $11.16 million bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to refinance earlier bond issues.

Dominion to Construct Two Large-Scale Solar Energy Projects in SC
Dominion announced plans to construct, own and operate 81 megawatts (AC) of solar generating capacity in Jasper County, SC. Two projects – a 71.4-megawatt facility that would be South Carolina's largest and a 10-megawatt array – are expected to enter service in 2017. A chemicals and advanced materials company, Solvay, will purchase all of the associated renewable energy credits for 15 years.

Tiff Erupts Over TIF Between 4 County Council Members and City of Cayce, SC
The City of Cayce has moved to establish Tax Increment Financing (TIF) to fund improvements to its Knox-Abbott corridor and other parts of the city. Four Members of the Lexington County Council have spoken in opposition to the Cayce TIF.

SC Solar Installations Boom in 2016 with Help of Tax Credits
New figures from a consortium of local governments in South Carolina show that close to 1,400 permits were issued for solar installations in the region last year compared to fewer than 100 in 2015. This is in large part due to South Carolina's 25% tax credit for renewable energy.

USDA Announces Funding to Improve Rural Electric Infrastructure
The Rural Development Deputy Under Secretary has announced that the USDA is making loans to electric cooperatives that will help continue to deliver safe, reliable and affordable electricity to rural residents, business and institutions in nine states.

Opinion: Unleash SC Potential for Solar Potential
Solar energy is a technology is making significant leaps and bounds in terms of reliability, price, and access. If S.C. state lawmakers play their cards right, the sun could be bringing economic development, revenue, and jobs.

Nuclear Projects Utilizing Millions in Tax Credits
Nuclear projects in South Carolina and Georgia are racing to completion because new nuclear plants must be operational by Dec. 31, 2020, to qualify for millions of dollars in federal subsidies via nuclear production tax credits.

New JEDA Bonds Refinance Expansions at Wofford College
Wofford College is using a $24.36 million tax-exempt bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to refinance expansions at the college's Spartanburg campus.

Two Economic Development Initiatives Before Aiken County Council
Finalizing two economic development projects, the introduction of two more and a large rezoning request are among the items that will be taken up during a busy Aiken County Council meeting.

Upcoming Events

Intro Incentives WebCourse
April 5 - 6, 2017 - Daily: 12:00 - 5:00 PM Eastern
This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.

CDFA South Carolina Conference
April 25, 2017 - Columbia, SC
Join the CDFA South Carolina Financing Roundtable, in partnership with JEDA or a special one-day conference hosted at the University of South Carolina Alumni Center. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the South Carolina economy going forward.

Partner

State Partner

South Carolina Jobs-Economic Development Authority

Supporting Sponsor

Federal Home Loan Bank of Atlanta Haynsworth Sinkler Boyd, P.A. 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
info@cdfa.net


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CDFA National Sponsors

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  • Wilmington Trust
  • Z. The Bond Buyer
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