Santee Cooper Funding Project Promoting Economic Development in Sumter County

Santee Cooper Funding Project Promoting Economic Development in Sumter County

Santee Cooper Funding Project Promoting Economic Development in Sumter County

MONCKS CORNER, S.C. – Santee Cooper has provided Sumter County a $1 million loan to assist in the construction of a 50,000 square-foot speculative building in the Black River Airport Industrial Park near Sumter.

“Sumter and Lee counties sold their respective spec buildings last year,” said Jay Schwedler, president and CEO of TheLINK/Sumter Economic Development and Sumter Smarter Growth Initiative. “Data shows that this building is needed and will fit in nicely with our overall economic development strategy.”

The estimated cost of the building is approximately $2.8 million, with funding from a variety of sources, in addition to Santee Cooper.

Seven firms currently occupy the 472-acre park, located between U.S. highways 15 and 521 at the intersection of Jefferson Road and North Wise Drive.

“This funding will advance efforts in the recruitment of businesses and industries that will enhance economic development activities in Sumter County,” said Pamela Williams, Santee Cooper’s senior vice president of corporate services.

Author Santee Cooper

Santee Cooper

Santee Cooper is South Carolina's largest power provider, the largest Green Power generator and the ultimate source of electricity for 2 million people across the state. Through its low-cost, reliable and environmentally responsible electricity and water services, and through innovative partnerships and initiatives that attract and retain industry and jobs, Santee Cooper powers South Carolina. To learn more, visit www.santeecooper.com

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