MONCKS CORNER, S.C. – The Santee Cooper Board of Directors approved $10.85 million in loans today to advance four commercial and industrial development projects that will benefit rural South Carolina.
Today’s loans support projects representing a total $23.5 million in infrastructure investment when local financing is included. Projects receiving the funding are located in Beaufort, Orangeburg, Calhoun and Jasper counties.
“Industrial site selectors tell us over and over that what they need most in locating a new plant is a building that’s already in the ground,” said Lonnie Carter, Santee Cooper president and CEO. “Santee Cooper’s board demonstrated again today its commitment to helping create opportunities for industrial expansion and good, high-paying new jobs, especially for rural communities that so critically need them.”