Jobs-Economic Development Authority Documents

The South Carolina Jobs-Economic Development Authority publishes documents on its agency mission of acting as the statewide conduit issuer of special obligation revenue bonds.

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    Report on financial statements for the years ended December 31, 2020 and 2019
    (South Carolina State Library, 2020) InvestSC
    This audit was done in accordance with auditing standards generally accepted in the United States of America. It includes a report of independent certified public accountants, financial statements and notes to financial statements.
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    [The South Carolina Venture Capital Investment Act]
    (South Carolina State Library, 2008-08-05) South Carolina Venture Capital Investment Authority
    The South Carolina Venture Capital Investment Act requires that the South Carolina Venture Capital Authority report certain information on an annual basis regarding the status of Venture Capital Program and activities of the Authority.
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    Report on financial statements for the period from March 1, 2007 (inception) to December 31, 2007
    (South Carolina State Library, 2007-12-31) InvestSC
    This audit was done in accordance with auditing standards generally accepted in the United States of America. It includes a report of independent certified public accountants, financial statements and notes to financial statements.
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    Industrial Development Bond Financing Program
    (South Carolina State Library, 2017) South Carolina Jobs-Economic Development Authority
    JEDA acts as a “conduit” issuer of bonds on behalf of a borrowing entity. Certain for-profit entities organizations can finance their projects with tax-exempt bonds, but these entities cannot do so directly. They must borrow through a “conduit” issuer of bonds in order to receive the tax-exempt financing. Therefore, entities do not borrow from JEDA, but rather through JEDA, using JEDA as access to the capital markets at tax-exempt rates. Tax-Exempt bonds may be used to finance qualified manufacturing facilities, non-profit 501(c)(3) facilities and solid waste disposal facilities.