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.
Edit WikiFounded
1988
1200
X (Twitter)
1329
Address
Columbia
SC Power Team – South Carolina Economic Development
From Social media
News about from their social media (Facebook and X).
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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Data about organisation
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