Palmetto Economic Development Corp
Full-service, nonprofit #economicdevelopment organization representing the 20 Electric Cooperatives of #SouthCarolina South Carolina Power Team is the economic development organization of SC's 20 electric cooperatives. PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS.
Palmetto Economic Development Corp
Overview
The Palmetto Economic Development Corp is a 501(c)(3) nonprofit organization headquartered in Columbia, SC. It serves as the economic development alliance for South Carolina's 19 electric cooperatives, working to enhance economic growth in the region.
Purpose and Activities
The organization's primary goal is to foster economic development by collaborating with local and statewide groups to promote economic progress. This involves attracting new industries and creating jobs, which in turn improves the quality of life for local residents.
Financials
Historically, the organization has derived most of its revenue from program services. In past years, executive compensation and other salaries formed a significant portion of its expenses. The organization holds a modest amount of assets and liabilities, managing its financial resources to support its mission.
Ratings and Recognition
Palmetto Economic Development Corp has earned a 4/4 Star rating on Charity Navigator, reflecting its strong financial health and accountability in the nonprofit sector.
Role in the Community
By working closely with electric cooperatives, the organization plays a crucial role in advancing economic development initiatives throughout South Carolina. Its efforts are integral to the state's economic strategy, focusing on supporting local businesses and attracting new industries to create prosperous communities.
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1988
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1329
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SC Power Team – South Carolina Economic Development Powering Growth in Electric Cooperative Territory The South Carolina Power Team is the economic development organization representing South Carolinas 19 electric cooperatives that power more than 1. 6 million South Carolinians. For Site Selectors Find Your Next Site Go beyond a property search with Labor Study results Water Wastewater Study results and Location Analysis. For Businesses Engage with world class business and industry support.
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From Social media
News about Palmetto Economic Development Corp from their social media (Facebook and X).
- Palmetto Economic Development Corp
- 2025-03-31
Please join us in welcoming Bruce Bacon to the Board of Trustees. (fb) ... more
Liked (16) Commented (2)
- Palmetto Economic Development Corp
- 2025-03-28
South Carolina is one of the fastest growing states in the United States, and the South Carolina Power Team is working behind the scenes to support this growth. (fb) ... more
Liked (1) Commented (0)Discussions
Odpovědí v diskuzi
1
1. How can the Palmetto Economic Development Corp enhance collaboration between electric cooperatives and local businesses to drive innovation in South Carolina's economy?
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Brooklyn Simmons
2 days ago
Odpovědí v diskuzi
1
2. What strategies can the South Carolina Power Team implement to better address the challenges faced in the site selection process for new developments?
View
Brooklyn Simmons
2 days ago
Latest reviews
Together, we can make a real impact in communities around the world. Help us bring hope and support.
What an amazing initiative! It's great to see teamwork among the electric cooperatives of South Carolina powering economic growth and supporting communities! 🌟💪 #PoweringGrowth
Brooklyn Simmons
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So proud to support the SC Power Team! Your commitment to fostering business development and community growth is truly inspiring. Keep up the great work! 🙌💼 #EconomicDevelopment
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