SCBIZ Daily for Dec. 18, 2019

Property acquisition underway for Carolina Crossroads

The S.C. Department of Transportation is acquiring property along interstates 26, 20 and 126 for highway widening and reconfiguring. That process can include residential property acquisition, a sometimes tricky but regulated undertaking.

Chinese mattress plant to open in Gaffney

Palmetto Pedic, a mattress manufacturing company, today announced plans to establish operations in Cherokee County. The $8.5 million investment is expected to create more than 60 new jobs.

S.C. Community Loan Fund receives grant for small business growth

The S.C. Community Loan Fund has received a $500,000 grant from the Wells Fargo Foundation to help small-business owners with lending, technical assistance and community relationship building.

Santee Cooper approves 2020 budget, but details are scarce

Details might reveal parts of a confidential plan to keep Santee Cooper under state control, the utility said. That plan is one of several proposals the General Assembly will consider in 2020 in deciding whether to sell Santee Cooper.

Evening Post Industries contributes to SCRA partner fund

Evening Post Industries, the owner of The Post & Courier, has contributed $250,000 to SCRA’s Industry Partnership Fund, which supports entrepreneurs, academia and industry through grants and investments. The Industry Partnership Fund allows individuals and corporations to receive a dollar-for-dollar state tax credit for their contribution.

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