The Nerve

By RICK BRUNDRETT From December 2015 through April of this year, 16 start-up companies funded by SC Launch Inc., an affiliate of the state-created South Carolina Research Authority, did not repay nearly $5 million owed to the nonprofit, according to organization records. SC Launch Inc. was repaid a total of $19,152, which represented less than […]

By RICK BRUNDRETT In 2016, Senate Finance Committee chairman Hugh Leatherman introduced a bill that would have allowed the South Carolina Research Authority – a state-created, multimillion-dollar nonprofit whose governing board included Leatherman – to double its main funding source. The legislation never made it out of the Florence County Republican’s committee. A year later, […]

By RICK BRUNDRETT The S.C. Department of Commerce has paid more than $2.9 million since fiscal 2015 to a state-created nonprofit that listed $69 million in net assets as of June 30 and now wants lawmakers to double its main funding source. Asked for specifics on the $2.93 million paid to the Columbia-based South Carolina […]