South Carolina Power Team

Are you looking to scale up your business? We have just the site to fit your needs. We have large sites available in electric cooperative served territory that offer unparalleled opportunities for growth and success. With ample space for expansion, these sites ensure your business can grow without limitations. Whether you need space for large industrial projects or prefer to establish a campus setting for your business, these sites offer the flexibility to develop according to your business needs! Explore the benefits of our top mega sites: https://lnkd.in/eHBUVNz5

The South Carolina Power Team is dedicated to giving back and serving our communities. We're proud to reflect on the incredible dedication and impact of our team in 2023. Here are some highlights of our service to both the profession and the community: Professional Development Grants: We provided $4,940 in grants to support 19 women in economic development attending the Women’s Economic Development Network 2023 and $4,500 for economic development certifications. Community Engagement: Our team sponsored four children through the Communities in Schools Wish List Project, providing necessities and holiday cheer with toys. Awards and Accomplishments: We were honored with the 2023 Southern Economic Development Council Communication Awards for our Power Tools Video Series and Annual Report. Recognized as a top utility in economic development by Site Selection Magazine. Learn more in our 2023 Annual Report: https://lnkd.in/ei6Cwy_i

This year marks the 36th birthday of the South Carolina Power Team! Since our founding, we've been dedicated to supporting South Carolina's electric cooperatives and driving economic development across the state. Over the years, we've helped foster growth, attract investments and create opportunities in our communities. As we celebrate this milestone, we look forward to continuing our mission and building a brighter future for South Carolina. Thank you to the state's 19 electric cooperatives, our partners and staff for your support throughout the years! Aiken Electric Cooperative, Inc., Berkeley Electric Cooperative, Inc., Black River Electric Cooperative, Blue Ridge Electric Cooperative, Broad River Electric Cooperative, Coastal Electric Cooperative, Edisto Electric Cooperative, Inc., Fairfield Electric Cooperative, Horry Electric Cooperative, Inc., Laurens Electric Cooperative, Little River Electric Cooperative, Lynches River Electric Cooperative, MPD Electric Cooperative, Mid-Carolina Electric Cooperative, Inc., Newberry Electric Cooperative, Palmetto Electric Cooperative, Inc., Santee Electric Cooperative, Tri-County Electric Cooperative, and York Electric Cooperative, Inc.

FOSTERING GROWTH: This year we're already celebrating major milestones: $76.9 million in capital investments, 385 new jobs and 4 MW of load announced in electric cooperative territory! Here's to continued success for the remainder of the year!

Recently celebrated two years here on staff at the South Carolina Power Team and I've been wanting to share some of the things I have learned and things that I'm most proud of. How we support our communities through site readiness is high on the list! Working with the local electric cooperative, getting sites truly market ready is something that we have been very successful in doing. Since its inception in 2014, our Site Readiness Fund (SRF) has provided a path for our cooperatives to win economic development deals and the cooperatives have made significant investments to prepare for these projects. The program, led by Rebecca Murrell Breland, P.E., gives our local communities and our Global Business Development team a major advantage in positioning our territories for wins. A great example is Golden Corner where a 42 acre pad is ready for the right project and Blue Ridge Electric and the SC Power Team are ready to support the county in landing the right opportunity!

In 2014, the South Carolina Power Team Board of Trustees enhanced our incentive offerings with Cooperative Recruitment and Expansion (CoRE) funds. Over the past decade, these programs have proven essential in creating opportunities within electric cooperative territory. The CoRE Fund allows us to invest strategically, often making the crucial difference in winning competitive projects. Not every cooperative has access to Site Readiness Funding (SRF), making CoRE incentives vital for securing developer-led deals and ensuring cooperative rights in customer choice situations. By leveraging the CoRE Fund, we empower our communities with the resources needed to grow and thrive. CoRE incentives have been impactful on projects across our system, including those pictured here.

Agribusiness is the largest economic sector in South Carolina and one of the state's fastest-growing industries. With an annual economic impact of more than $46 billion and providing nearly 247,000 direct jobs statewide, agribusiness is a cornerstone of our economy. Agribusiness is a key target industry for our recruitment efforts, and South Carolina's favorable climate makes it ideal for new or expanding agricultural operations. 🚜11% of South Carolina's total economic output is attributed to agribusiness 🌱Agribusiness has seen a 25% growth rate in the past 10 years 🌾 #1 industry in South Carolina Visit our website and use the interactive map to learn more about the agribusiness industry in South Carolina: https://lnkd.in/dZi7d2c3

Choosing the right location for your business is crucial, and having a substation on site or nearby can make all the difference. Reliable power supply ensures your operations run smoothly and allows your business to grow without limitations. Sites with a substation on site or within 0.5 miles are ready to meet your power requirements and can reduce upfront time and costs when locating your business. Click this link to view properties on the electric cooperative system with substations on site or within 0.5 miles.https://tinyurl.com/5n856pkk

The state's electric cooperatives play a crucial role in fostering positive growth in their communities by supporting new businesses and ensuring reliable infrastructure. Their commitment to community development is a driving force behind such successful projects, enhancing the quality of life for residents and contributing to the overall prosperity of the Palmetto State. One new business we're excited to highlight is Latitude Corp. The metal fabricator announced plans to establish operations in Clarendon County with a $29 million investment, which will create 200 new jobs. The company will be served by Santee Electric Cooperative. Learn more about the record-breaking year in our 2023 Annual Report: https://lnkd.in/ei6Cwy_i

2023 Highlight: Engineered Foam Packaging announced its plans to establish operations in Lee County, within electric cooperative territory! This exciting project, powered by Black River Electric Cooperative, brings a $15 million investment to the area and creates 53 new jobs. The commitment of Black River Electric Cooperative to this project exemplifies the dedication of all our cooperatives to fostering local economic growth and enhancing the quality of life for residents. We’re proud to support such impactful growth and innovation in South Carolina.