Tag Archives: Industry Partnership Fund

SC Launch records: Start-up companies failed to repay millions in financial aid

October 14, 2020

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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 […]

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High-paid lobbyists pushing SCRA legislation

February 21, 2019

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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, […]

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SCRA getting big Commerce payments while seeking revenue-friendly legislation

February 15, 2019

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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 […]

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