Tag Archives: Coordinating Council for Economic Development

Gallo Winery project: No cheap buzz for SC taxpayers

August 27, 2021

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  By RICK BRUNDRETT E.&J. Gallo Winery, a multibillion-dollar global corporation, will get at least $25 million in assistance from the state of South Carolina to locate a plant in Chester County – plus could receive tens of millions more in taxpayer-backed incentives over decades, records released to The Nerve show. And the California-based wine […]

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Politicians’ promises don’t reflect written incentives deals

July 8, 2020

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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 […]

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Truths about secret incentives deals revealed – 10 years later

June 24, 2020

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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 […]

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McMaster’s ‘non-essential’ list: A hole-in-one for SC golfers – and others

April 7, 2020

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By RICK BRUNDRETT Last Tuesday, Gov. Henry McMaster ordered that “non-essential” businesses statewide be closed to the public to combat the spread of the coronavirus, though he included some pretty big loopholes. Take golfing, for example. His “non-essential” list includes various “recreational and athletic facilities,” such as fitness centers, though sports that “involve interaction” of […]

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SC Commerce still hiding the Juuls

March 4, 2020

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Update: In email responses on 11/19/20 and 11/20/20 after The Nerve submitted a state Freedom of Information Act request for updated records on the Juul plant project, S.C. Department of Commerce spokeswoman Alex Clark confirmed the recent closure of the plant, and also said a $500,000 state grant agreement for the project was terminated, and […]

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Bosch’s planned layoffs raise questions about repayment of incentives

January 28, 2020

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By RICK BRUNDRETT In December 2010, then-Gov. Mark Sanford, along with other state and local officials, announced a $125 million expansion of the Robert Bosch automotive parts plant in Dorchester County, with promises that the project would create 285 jobs. The Nerve revealed several months later that the estimated public costs of the project over […]

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

October 18, 2019

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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, […]

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

July 12, 2019

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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 […]

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Taxpayer tab for Volvo deal far bigger than public pronouncements

June 29, 2019

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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 […]

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

January 10, 2019

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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 […]

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