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

USA-AAC East

Bennettsville,
SC
(2020)

Business Development, Manufacturing, Rural

CDE(s): AMCREF Community Capital, MuniStrategies

The project involves the development and construction of a Autoclaved Aerated Concrete manufacturing facility in Bennettsville, SC.

T.K. Gregg Community Center

Spartanburg,
SC
(2019)

Community, Daycare and Early Childhood, Healthcare, Recreation, Youth and Families

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

Public private partnership brings community recreation center facility to Spartanburg

Upward Unlimited

Spartanburg,
SC
(2019)

Community, Healthcare, Retail, Youth and Families

CDE(s): Innovate Fund

The Upward Star Center provides a home base for Upward Unlimited to train and equip coaches and leaders, and serves as a testing facility for sports development and technique improvement.

Swiss Krono

Barnwell,
SC
(2018)

Business Development, Manufacturing, Rural

CDE(s): Dakotas America, Innovate Fund, National New Markets Fund, Truist

Swiss Krono is building a 250,000-square-foot expansion on its existing Barnwell manufacturing facility, with help from the NMTC.

The Franklin School

Spartanburg,
SC
(2018)

Affordable Housing, Community, Daycare and Early Childhood, Healthcare, Housing, Mixed-use, Mixed-use and Commercial, Schools, Youth and Families

CDE(s): Innovate Fund

Model child development center opens in a Spartanburg neighborhood with a poverty rate near fifty percent.

Highland Baking Company (2018)

Spartanburg,
SC
(2018)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Innovate Fund

NMTC financing supported the Highland Baking project.

Brown Packing

Gaffney,
SC
(2018)

Business Development, Manufacturing, Rural, Waste Management, Water Management

CDE(s): Innovate Fund

Financing for a third-generation, family-owned meat packing business in non-metropolitan Cherokee County.

Restaurant Depot

North Charleston,
SC
(2018)

Business Development, Restaurants and Catering, Retail and Commercial, Warehouse and Wholesale

CDE(s): Innovate Fund

Development of a new 62,333 sq. ft. Restaurant Depot.

Plush Mill

Greenville,
SC
(2018)

Community, Incubator

CDE(s): Innovate Fund, River Gorge Capital

The renovation and revitalization of the historic Plush Mill in Greenville, S. C.

Claflin University by Panther Health

Orangeburg,
SC
(2017)

College or Vocational Training, Community

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

Greenco Enterprises

Greenville,
SC
(2016)

Beverages, Business Development, Manufacturing, Warehouse and Wholesale

CDE(s): Innovate Fund

Financing for Greenco Beverage Co. one of the largest beverage distributors in Upstate South Carolina.

Legacy Charter School

Greenville,
SC
(2016)

Community, Library, Schools

CDE(s): Innovate Fund

Improvement of charter school facilities to increase offerings and programming Current enrollment of 1,250 students with the capacity to increase enrollment to 1,430 students.

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.

Learn more...

Apr-2019

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

Bakery Near Hearon Circle is Getting Big Upgrade

April 9, 2019