First charter school in Greenwood County financed with $25M in bonds.

PositionSouth Carolina

The South Carolina Jobs-Economic Development Authority has issued $24.9 million in educational facilities revenue bonds to finance the first ever charter school in Greenwood County.

Greenwood Charter Academy will use $24.2 million in tax-exempt bonds and $710,000 in taxable bonds to acquire, renovate, build and equip space in the Greenwood Mall located on 412 Bypass Highway 72, according to a JEDA news release.

"JEDA is pleased to once again be involved in the financing of a new educational option for our state's students," said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia, in the release. "Additionally, an unused space in a landmark local mall is being transformed for a public benefit. That represents a double win for economic development in Greenwood."

The school will open for the 2023-24 school year with 700 students in grades K-6 with plans to add one grade each year through eighth grade, and is expected to create 62 new jobs, according to its operator, Tutelage Education...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT