|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||3||$2,450,000|
During Fiscal Year 2013, EDA invested $9,328,102 in 20 projects in the State of South Carolina. These projects are expected to create or retain 2,620 jobs and leverage $550,500,000 in private investment, according to grantee estimates. EDA’s investments help South Carolina communities achieve bottom-up, locally-defined economic development goals and strategies.
EDA offers a complementary, balanced portfolio of grant programs designed to help rural and urban communities grow their private sectors and create jobs.
Investment Spotlight: Advanced Manufacturing Technology Training Center
Central Carolina Technical College has an extensive history in assessing and meeting the training demands of area business and industry. With limited space for existing industrial programs of study, the college had several industrial and engineering technology programs at a capacity level at the college’s Main Campus. When a major tire manufacturing company announced the construction of a new facility in the area that would require 1,600 new workers by 2021, the college needed an alternative location to accommodate both the volume and new technology requirements of local industries.
To meet the workforce needs of the region’s advanced manufacturers, EDA awarded $2.5 million to Central Carolina Technical College and the City of Sumter to renovate an existing vacant building to house the College’s Advanced Manufacturing Technology Training Center (AMTTC). The new facility will allow for the expansion of the college’s industrial and engineering technology training programs. The project will allow the college to meet urgent industry demands for trained workers with enhanced and advanced skill-sets in mechatronics and machining. The grantee estimates this investment will support 1,600 new jobs and $500 million in private investment.