Tag Archives: Coordinating Council for Economic Development

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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By RICK BRUNDRETT The S.C. Department of Commerce won’t reveal the average wage of workers at the new Juul electronic-cigarette assembly facility in Lexington County, though a $500,000 state grant was approved last year for the project. But Lexington County provided the average annual wage of the promised 520 jobs – $43,407, increasing to a […]

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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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Secrecy surrounds incentives info for Amazon HQ2 search, other S.C. projects

November 30, 2018

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By RICK BRUNDRETT The S.C. Department of Commerce says it didn’t formally offer any taxpayer-backed incentives to lure Amazon’s second national headquarters to the Palmetto State, but instead provided general incentives information to counties if any of them wanted to compete for the project. Commerce spokeswoman Adrienne Fairwell told The Nerve on Tuesday she didn’t […]

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State gives away millions to companies that don’t hit job creation targets

September 20, 2018

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Payoff

By RICK BRUNDRETT Since 2015,14 companies that committed to locating or expanding in South Carolina collectively repaid nearly $7 million in state grants after failing to meet job creation or investment requirements, records show. Four of the companies closed plants in counties that received the grants, and another project never materialized, a review by The […]

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Records: Officials sharply lowered job, investment targets for troubled Element TV

August 17, 2018

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By RICK BRUNDRETT Element TV, which announced last week it will close its television assembly plant in Fairfield County, had to create far fewer jobs than originally promised under a $1.3 million state grant, records obtained this week by The Nerve show. The Minnesota-based company hadn’t maintained even the reduced job target as of last […]

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