Palmetto Economic Development Corp

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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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Founded

1988

Facebook

1200

X (Twitter)

1329

Address

Columbia

Address: 1201 Main St Ste 1710, ColumbiaWeb: Sign in to see organisation websiteFacebook: SCPowerTeamX (Twitter): scpowerteamEmployees: 9Revenue: 4146690ICO: 570873176

SC Power Team – South Carolina Economic Development

News & Updates XX

From Social media

News about from their social media (Facebook and X).

Daniel

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! πŸ™ŒπŸ’Ό #EconomicDevelopment

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Pauline

2. What strategies can the South Carolina Power Team implement to better address the challenges faced in the site selection process for new developments?

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Evelyn

What an amazing initiative! It's great to see teamwork among the electric cooperatives of South Carolina powering economic growth and supporting communities! 🌟πŸ’ͺ #PoweringGrowth

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Peter

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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Palmetto Economic Development Corp

Happy National Manufacturing Day. Join us as we celebrate the remarkable impact manufacturing has on our economy, our communities and the future of South Carolina. From sparking innovation to creating jobs, manufacturing is the backbone of progress, driving growth and opening doors to opportunity across the state.

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