Tag Archives: CCED

Politicians’ promises don’t reflect written incentives deals

July 8, 2020

0 Comments

By RICK BRUNDRETT       S.C. politicians routinely love to make promises about massive corporate investment and multitudes of new jobs in the Palmetto State. But the secretly crafted written agreements offering taxpayer-backed incentives in exchange for those promised jobs and investment often don’t live up to the official hype. Last month, The Nerve detailed how for […]

Continue reading...

Truths about secret incentives deals revealed – 10 years later

June 24, 2020

0 Comments

By RICK BRUNDRETT All we wanted was the truth. Over the past several decades, South Carolina legislators and governors, as well as local governments, collectively have given away billions in incentives to countless corporations. Cash, land, tax breaks and free job training have been thrown at companies in exchange for the promise of jobs. Taxpayers […]

Continue reading...

SC handing out incentives to companies that lay off workers, close plants

October 18, 2019

0 Comments

Payoff

By RICK BRUNDRETT In announcing in April that DHL Supply Chain, a global logistics company, would locate a $100 million distribution and warehouse park in Dorchester County, Gov. Henry McMaster in a prepared statement said he couldn’t “wait to see what the future holds for this great company here.” In exchange for the planned investment, […]

Continue reading...

Key details in Volvo cost-benefit analyses kept secret by S.C. Commerce

July 12, 2019

0 Comments

By RICK BRUNDRETT More than four years after officials announced that Volvo would locate in South Carolina, the state Department of Commerce won’t reveal the estimated amounts of certain public costs and benefits identified in analyses of the $1.1 billion project. The Nerve reported last month, based on Commerce records obtained under the state open-records […]

Continue reading...

Taxpayer tab for Volvo deal far bigger than public pronouncements

June 29, 2019

0 Comments

By RICK BRUNDRETT When S.C. officials announced in 2015 that Volvo would locate its first U.S. plant in rural Berkeley County, the total incentives offered to the Swedish car maker were pegged at about $200 million. An investigation by The Nerve, however, found more than $250 million in incentives spent or offered so far by […]

Continue reading...

S.C. agriculture agency wants millions for ‘build-it-and-they-will-come’ program

January 10, 2019

0 Comments

By RICK BRUNDRETT The S.C. Department of Agriculture, which for years has been involved with taxpayer-backed economic development projects, now wants millions to construct buildings statewide in hopes of attracting new agribusinesses. In his written budget request for the 2019-20 fiscal year, Agriculture Commissioner Hugh Weathers said the agency needed another $1 million to “continue […]

Continue reading...

State panel continues tradition of secrecy in awarding incentives

February 2, 2018

3 Comments

closed meeting

By RICK BRUNDRETT A state panel Thursday approved an unspecified amount of taxpayer-backed incentives for at least 12 “confidential” economic development projects across South Carolina. The projects, identified only by code numbers, are located in Aiken, Berkeley, Clarendon, Greenwood, Hampton, Marion, Orangeburg, Sumter and York counties, according to an Enterprise Program Committee meeting agenda. The […]

Continue reading...