The South Carolina Power Team, in support of the 19 electric cooperatives of South Carolina, is an essential partner for economic development in South Carolina. Often, throughout the site selection process, projects encounter challenges as the location decision progresses.
The electric cooperatives and the South Carolina Power Team have consistently come to the table with innovative solutions that play a critical role in combatting these challenges and assist companies in choosing South Carolina. The Case Studies below are a few of the many specific examples where projects have faced a critical need and the electric cooperatives have found a solution to assist in companies such as Samsung and Volvo locating in South Carolina.
Background: Manufacturing contributes 16% of South Carolina’s gross domestic product (GDP). The state aggressively recruits new industry, and encourages existing industries to expand, with a variety of incentives including rewards for the creation of new jobs. Challenge: In South Carolina, it is common for manufacturers to make capital investments in new machinery or equipment upgrades that expand production capacity, but do not create new jobs. While the investments may qualify for certain property tax incentives, the manufacturer is not able to access many discretionary incentive programs due to the lack of new job creation. New machinery often requires existing employees to be trained. There is no grant program that offers […]
Background: In February 2018, Crown Health Care Laundry Services, LLC. opened its processing plant in an upfitted speculative building in I-20 Industrial Center in Lee County, SC. While the new jobs and capital investment were welcome and celebrated, Lee County did not have any available Class A industrial speculative buildings or building pads after Crown commenced operation. Challenge: With a per capita income more than $10,000 below the state average at the time, the County needed shovel-ready industrial property to compete for investments that created new jobs. A site development plan for the I-20 Industrial Center called for additional building pads. Before physical work on the pads could begin, funding […]
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