Incentives to Advance Communities
South Carolina Power Team is dedicated to supporting our local and regional partners in promoting, attracting, and retaining business and new industry.
We accomplish this through our community-focused initiatives, which place emphasis on competitiveness and community preparedness. In collaboration with our partners—the state’s 20 electric cooperatives and Santee Cooper—we are able to offer several incentives to advance communities.
South Carolina Power Team – A legacy of supporting and growing communities
South Carolina Power Team was established in 1988 by the electric cooperatives and Santee Cooper to promote economic development in South Carolina. In collaboration with its partners, SC Power Team’s significant accomplishments include:
Since 1988, $11 billion in announced capital investment and 63,000 new jobs by the private sector in the service area of the state’s 20 electric cooperatives and Santee Cooper.
Since 1989, over $9.9 million provided through the Santee Cooper Economic Development Investment Fund (SCEDIF) for technical assistance grants to assist companies locating in South Carolina.
Since 1996, more than $74 million invested in economic development projects, industrial parks and community infrastructure by the electric cooperatives through the Corporate License Fee Tax Credit program.
Since 2006, more than $1.5 million spent to help fund local and regional Economic Development Office strategic plans; more than $1 million in certified site evaluations or site advancements; and more than $142,000 for professional development scholarships.