Tag Archives: incentives

Element TV plant closure: Taxpayer money down the drain?

August 13, 2018


By RICK BRUNDRETT Plenty of buzz surrounded Element Electronics’ announcement five years ago that it would open a television assembly plant in Fairfield County, with then-Gov. Nikki Haley joining company officials in a live webcast from a Walmart-sponsored conference in Florida. But little information was publicly released then about the taxpayer costs of the planned […]

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S.C. lawmakers racing to give more incentives to Darlington Raceway

April 20, 2018


By RICK BRUNDRETT The decades-old Darlington Raceway is getting a pricey facelift – and also could soon receive another big taxpayer-backed gift under fast-track legislation that the raceway’s president says was the company’s idea. If it passes, the S.C. House bill would be the second stand-alone legislation since 2013 benefiting the raceway, which annually hosts […]

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S.C. House budgets millions for little-known Commerce fund

March 17, 2018


By RICK BRUNDRETT In December 2016, the S.C. Department of Commerce quietly announced it was relaunching an online tool to connect companies seeking to locate in the state with available industrial sites, buildings and office space. But “LocateSC” is much more than a website – especially with a $10 million taxpayer price tag attached to […]

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State panel continues tradition of secrecy in awarding incentives

February 2, 2018


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 […]

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