Programs & Loans
Whether you're starting a commercial or industrial project from the ground up or renovating existing space, Santee Cooper and South Carolina are a winning combination for available property and incentives to develop an infrastructure for roadways, water, sewer, and electricity.
This program is administered by Santee Cooper Economic Development staff for the purpose of increasing available industrial product across the state. Loans are available to local governments and nonprofit economic development organizations in direct-serve and cooperative-served territories for land and building acquisition, infrastructure, spec building development and construction, and building demolition. These individual loans do not exceed 10 years or 60% of the project cost.
The SCRED grant program is administered by Santee Cooper Economic Development staff and is available to local government and public economic development entities. Grant funds are available for durable projects, such as computer hardware and software and presentation materials, as well as training, scholarships, labor studies, lead generation and advertising.
The MSRF grants are available for the communities directly served by Santee Cooper and for wholesale municipal customers served by Santee Cooper, either directly or through the Piedmont Municipal Power Agency (PMPA). The program is designed to assist in the improvement of very high value economic development sites and buildings.
The SRF grants provide funding for communities served by the electric cooperatives to use for the improvement of very high value economic development sites and buildings. Specifically, these projects have strong potential for an immediate or short-term return on investment for job creation, capital investment and electric consumption. The SC Power Team staff manages the funding approvals and priorities for the grants. Grant funds are matched at least one to one by the project.
The SCEDIF Category B grants are administered by the SC Power Team in consultation with Santee Cooper, and are used to aid in the actual location or expansion of specific and identifiable industrial, commercial, and institutional enterprises. Funds in this category are matched by individual cooperatives.
The SCEDIF Category C grants are also administered by the SC Power Team in consultation with Santee Cooper, and are available to cooperatives and economic development entities for technical assistance such as feasibility studies, environmental assessments and land use plans.
The SCEDIF Direct assists direct and wholesale municipal customers served by Santee Cooper, either directly or through the Piedmont Municipal Power Agency (PMPA), in the recruitment and expansion of industrial, commercial and institutional enterprises for the state.