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Santee Cooper plays a tremendous role

in the economic development of South Carolina. We have supported industrial recruitment in all 46 counties of the state with loans, grants, facilities or other support. Santee Cooper and the South Carolina Power Team helped secure more than $14 billion in capital investment and 73,800 jobs across South Carolina since 1988.

> Some of the more notable recent industry recruitments Santee Cooper helped win include:

Sigmatex
Volvo
Google
Samsung
Mercom
Startek
Wyman-Gordon
Executive HeliJet
Coca-Cola Consolidated
 

Santee Cooper industrial rates are 31 percent lower than the national average, which is critical in attracting and keeping industries and jobs.

> As an example of innovative industrial recruitment, in 2007 American Gypsum built a wallboard plant beside our Winyah Generating Station, to recycle gypsum  – produced as a byproduct of our electrical generation – to make wallboard.

> SEFA Group opened a new ash processing facility at Winyah Generating Station in 2014 and is recycling Santee Cooper fly ash and pond ash in products for the cement and concrete industries, a program that has attracted national attention.

> Santee Cooper was instrumental in creating the Charleston Regional Development Alliance after closure of the Charleston Navy Base in 1993. The CRDA continues to work today to strengthen regional employment and prosperity by recruiting leading global corporations, talent and entrepreneurs to the tri-county area of Berkeley, Charleston and Dorchester.

> We have contributed to the development of both inland ports, in Greer and in Dillon County, helping attract industry to those parts of the state.

Nucor Effect

> In 1995, Nucor Steel President Kenneth Iverson announced the new Berkeley plant at a press conference in the Santee Cooper auditorium. This was a $500 million investment that created hundreds of jobs. More than 20 years later, Nucor is Santee Cooper’s largest industrial customer.

> Nucor wanted Santee Cooper to provide the plant’s electricity and lobbied the General Assembly to change the service territory map to make that possible.

The Nucor announcement led to a total of 10 additional industries (and two additional Nucor expansions) that announced facilities in Berkeley County from 1995 to 1998, with a total worth of $787 million and 1,125 new jobs.

> Berkeley had a $1 billion year (in economic development announcements) in 1995, which was the first time a county in South Carolina announced over $1 billion in economic development in a single year.

Nucor
A Nucor employee keeps an eye on electric arc furnace #2 as it begins the process of transforming 130 – 170 tons of scrap into liquid steel.
Volvo

> In May 2015, then-Gov. Nikki Haley announced that Volvo would build its first North American car manufacturing plant in South Carolina. She credited Team South Carolina for the win, which included Santee Cooper, the South Carolina Power Team, Edisto Electric Cooperative, Berkeley Electric Cooperative, the SC Commerce Department, the State Ports Authority, Trident Technical College, and readySC, among others.

Volvo has announced a total investment of more than $1 billion and plans to employ 3,900 people at the Berkeley County plant.

Camp Hall

> Santee Cooper acquired the 6,800 acre-tract in 2015 as part of the effort that landed  Volvo Cars USA in Berkeley County. Volvo is building its plant on part of that acreage.

> Some 4,000 acres remain, where Santee Cooper is developing a world-class center that will offer a unique opportunity for companies and their employees to merge commerce, community and convenience. Specific plans will be announced in early 2018.

Atlantic Center Industrial Park

> The Atlantic Center Industrial Park is on the site of former Grove Manufacturing Co., which closed in 1984. Santee Cooper and Horry County bought the 272-acre property in 1987 and developed the commerce park and parcels. 

> Once Santee Cooper recovered its investment, we transferred the remaining property to Horry County, which continued to develop the park.

> Metglas Inc., Frito Lay, Glendinning Products, Southeastern Paper Group and Chippewa Aerospace are just some of the park’s tenants. 

> Teknoware, a leader in interior lighting systems for commercial vehicles and emergency lighting systems for public premises and ships, announced in November 2017 plans to locate here, claiming the last available acreage.

Loris Commerce Center

> Santee Cooper acquired the property, bought the land, funded improvements and announced plans to develop a commerce park there.

> The team used the Atlantic Center as a model for the 180-acre park.

> The Horry County State Bank office, Builders FirstSource, Carolina Food Services and Integra International are among the tenants.

Mount Holly Commerce Center

> The Mount Holly Commerce Center, a 1,000-acre Class A facility and the first large-scale industrial park in the Lowcountry, reflects a partnership between Berkeley County, Alumax and Santee Cooper. It opened in October 1999.

> Santee Cooper paid for the construction and was paid back by Berkeley County over several years. Alumax provided land for the park, and it is served by Berkeley Electric Cooperative.

> In 2007, Google announced plans for a data center and became Mount Holly’s largest and most well-known tenant.

Myrtle Beach Air Force Base

> After the federal government announced the Myrtle Beach Air Force Base closure in 1991, the state acquired the land and then-Gov. Carroll Campbell asked Santee Cooper to redevelop it. 

> Santee Cooper facilitated environmental assessment and cleanup, dividing land and handling property transfers.

> The property now includes AVX Corp, more than 1,200 homes, parks and sports facilities, Horry-Georgetown Technical College, the International Culinary Institute of Myrtle Beach, the International Technology and Aerospace Park (ITAP) and The Market Common residential, business and retail community.

Loans

> Loan program to help localities or cooperatives build industrial spec buildings or other infrastructure that attracts industry and jobs, started in 2012

> More than $80 million loaned to date

> Sigmatex, Wyman-Gordon and Coca-Cola are among industries locating in buildings these loans helped finance

Site Readiness Grants

> established in 2014

> Santee Cooper makes available $6 million/year for 5 years in electric cooperative service territory

> Santee Cooper makes available $2.5 million/year for 5 years in municipal customer territory

Santee Cooper Economic Development Investment Funds 

> $16,375,500 in grants committed from this program since January 1, 2012

> $5,094,504 in grants paid from this program since January 1, 2012

Santee Cooper Lakes Economic Impact

> The result of impoundments for the Santee Cooper Hydroelectric Project, the Santee Cooper Lakes have also become a tourism magnet for fishing, hunting, water sports and other outdoor recreational opportunities.

The Santee Cooper lakes draw anglers from far and wide.

According to a 2016 study released by the S.C. Department of Parks, Recreation and Tourism, tourism brought in $415 million to the ‘Santee Cooper Country’ counties (Berkeley, Calhoun, Clarendon, Orangeburg and Sumter).

Santee Cooper Country tourism-related employment totaled 3,750 jobs with an annual payroll of $69.56 million. State and local tax receipts totaled $43.03 million that year.