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Category Archives: SCRA
End of the Road for I-95 Corridor Authority?
A legislative showdown is brewing over an S.C. Senate bill that would create another state agency whose purported goal is to improve economic conditions in historically poor, rural counties along Interstate 95. The bill (S. 211) creating the “I-95 Corridor … Continue reading
Additional Details of SCRA Lending Revealed; Legality in Question
Some South Carolina banks have had a tough go over the past few years. Hit hard by the ongoing economic downturn, no fewer than seven state financial institutions have been closed by regulators since 2009, while several others have been … Continue reading
Posted in Accountability, Economic Development, Incentives, SCRA, State Agencies, Transparency
Tagged Bill Mahoney, Bill Masters, IT-oLogy, Proterra, S.C. Research Authority, Trulite
5 Comments
Making Sense of SC Launch Numbers No Easy Task
Questions still remain after the S.C. Research Authority responded to an S.C. Freedom of Information Act request for information on how its affiliate SC Launch spent approximately $18 million in state money over the past three years. SCRA late last month … Continue reading
Research Authority Named Ninth-Fastest Growing “Company” in S.C.
The S.C. Research Authority, a tax-free state agency that represents itself as a private business, is No. 9 on this year’s state Chamber of Commerce list of the 25 fastest-growing companies in South Carolina. The chamber published the list in … Continue reading
TRAC Recommends Nixing SCRA’s Sales Tax Exemption
The S.C. Research Authority, a state-created and state-controlled technology and real estate company, is adept at spreading its tentacles farther and deeper into South Carolina’s economy. For a change, however, a proposal with legislative roots would cut off one of … Continue reading
SC Launch Slow to Respond to Funding FOIA
It’s been nearly seven weeks since The Nerve sent SC Launch a state Freedom of Information Act request to ascertain how the S.C. Research Authority affiliate was disbursing $6 million in taxpayer-supported funds it receives annually. SCRA responded at the … Continue reading
Posted in Accountability, Economic Development, SCRA
5 Comments
SC Launch Grant to MUSC Dean’s Company Raises Questions
You’ve likely never heard the name, but if things work out for startup NextRay Inc., the individuals behind the company and its investors could do quite well for themselves. NextRay is touted as having helped develop a next-generation technology called … Continue reading
Posted in Accountability, Economic Development, Incentives, SCRA, State Agencies
Tagged Bill Mahoney, NextRay Inc., SC Launch
3 Comments
Bill to Give SCRA More Control Remains Alive
A bill designed to give the S.C. Research Authority more financial flexibility and empower its executive committee to marginalize the organization’s governor-appointed chairman continues to fly under the legislative radar. But supporters of the bill are well aware of its … Continue reading
Posted in SCRA
Tagged Bill Mahoney, Bill Masters, Bobby Harrell, Rep. Bill Herbkersman, Rep. Jim Battle, SC Launch
1 Comment
SCRA Said To Be ‘Cleansing’ its Wikipedia Page
It would appear not everyone in South Carolina state government is all that thrilled with the open-source site Wikipedia. Wikipedia, the free web-based collaborative encyclopedia project that encourages public input on articles, identified the S.C. Research Authority as the location of … Continue reading
BCB Handles Public Relations Work for Private Business
By all accounts, Midlands BioFuels is an alternative fuels success story. The Winnsboro company produces 25,000 gallons of biodiesel fuel a month from waste vegetable oil, and while it has received some government support since its inception, Midlands BioFuels is profitable and would be even without government largesse, co-founder Joe Renwick says. Continue reading
Posted in Accountability, Budget and Control Board, SCRA, State Agencies, Transparency
Tagged Alternative energy, S.C. Energy Office
1 Comment
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