South Carolina Data and Stories

State Fact Sheet

Map of Selected Projects in South Carolina

Community Testimonials

New Market Tax Credits are an important tool for incentivizing high-quality community economic development in underserved areas.

-Cynthia Rourk, CLIMB Fund, Charleston, SC

Selected Projects in South Carolina

Safe Harbor

Greenville,
SC
(2024)

Shelters and Community Food

CDE(s): Innovate Fund, South Carolina Community Loan Fund, TD Community Development Corporation

Investment in non-profit expands critical access to shelter and care for victims of domestic violence.

Premium Peanut Santee

Santee,
SC
(2024)

Manufacturing

CDE(s): CEI Capital Management, Hampton Roads Ventures, Innovate Fund, Mascoma Community Development, Truist

Construction of a new 125,000 ton peanut shelling facility in a non-metropolitan, severely distressed census tract in Santee, SC.

Husqvarna Consumer Outdoor Products

Orangeburg,
SC
(2014)

Business Development, Manufacturing

CDE(s): TD Community Development Corporation

The new construction of a 513,000 sq. ft. distribution center for Husqvarna Consumer Outdoor Products

Claflin University by Panther Health

Orangeburg,
SC
(2017)

College or Vocational Training, Community, HBCUs, Higher Education

CDE(s): Community Hospitality Healthcare Services

A 31,000 sq. ft. expansion of Claflin University’s Jonas T. Kennedy Health and Physical Education Center to a full-service Health and Wellness Center Complex with both a new indoor and

Claflin Student Activity and Community Center

Orangeburg,
SC
(2022)

College or Vocational Training, Community, HBCUs, Higher Education

CDE(s): Innovate Fund, South Carolina Community Loan Fund

The construction of an 82,000 sq. ft. center featuring classrooms, student life/ learning space at an HBCU.

MycoWorks SC, LLC

Union,
SC
(2023)

Manufacturing

CDE(s): AMCREF, CEI Capital Management, Hampton Roads Ventures

MycoWorks is a cleantech company developing, manufacturing and selling alternative, sustainable and high-end biomaterials, using an array of proprietary, patented technologies stemming from mycology, agricultural, and engineering R&D and expertise.

Red Bullet Anderson

Anderson,
SC
(2022)

Manufacturing

CDE(s): Innovate Fund

To bring additional quality manufacturing jobs into Anderson County, the Innovate Fund supported the 150,000 sq. ft. expansion of an exisiting 168,000 sq. ft. manufactuirng, warehouse, and office facility for

Highland Baking Company (2023)

Spartenburg,
SC
(2023)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Chase, Local Initiatives Support Corporation, National New Markets Fund, Urban Action Community Development

NMTC financing helped expand the Highland Baking Company plant in Spartanburg, South Carolina.

West Fraser – Newberry Mill

Newberry,
SC
(2013)

Manufacturing

CDE(s): TD Community Development Corporation

NMTC financing supported expansion of a Newberry County sawmill operation.

The Blood Connection, Incorproated

Piedmont,
SC
(2010)

Community, Healthcare

CDE(s): TD Community Development Corporation

Blood Connection is a non-profit for blood donors. NMTC financing supported construction, furniture, and fixtures associated with the Blood Connection’s property at the Matrix operation center.

Allied Air Enterprises

Orangeburg,
SC
(2021)

Auto Manufacturing

CDE(s): CCG Community Partners, PNC, South Carolina Community Loan Fund

Construction of a distribution facility for Allied Air, an HVAC equipment manufacturer in Orangeburg, SC.

Pinckney Center – Waverly Hospital at Allen University

Columbia,
SC
(2021)

Community, HBCUs, Healthcare, Higher Education, Historic Rehabilitation, Housing, Mixed-use

CDE(s): South Carolina Community Loan Fund, The Reinvestment Fund

NMTC financing supported the adaptive reuse of a 50 year abandoned African American hospital which will be converted by Allen University, an HBCU, into a multi-use facility.

Site visits and recent news related to South Carolina NMTC Projects

Rep. Ralph Norman (R-SC) tours Associated Hardwoods in Gaffney

Associated Hardwoods utilized NMTC funding to build and operate a sawmill in Gaffney, S.C., with an economic impact of $14.7 million estimated during the first four years of the project.

Learn more...

Dec-2018

Sen. Tim Scott (R-SC) tours Franklin School in Spartanburg

U.S. Sen. Tim Scott, R-S.C., called the Northside’s new Franklin School “a national model that everybody can follow” on Tuesday.

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Apr-2019

The NMTC: At Work in Communities Across America (2024)

December 10, 2024

Rep. Clyburn (D-SC) on Hand as Orangeburg breaks ground on Railroad Corner redevelopment project

June 19, 2024

In Charleston, a Museum Honors a Journey of Grief and Grace

June 23, 2023