United Community Bank donates $160,000 to SCRA.

United Community Bank is giving $160,000 to the S.C. Research Authority Industry Partnership Fund.

It is the largest contribution SCRA has received from a bank in the fund's 15-year history, according to a news release.

SCRA works to fuel South Carolina's innovation economy and provides grants and investments to companies and projects funded, in large part, through contributions to theIndustry Partnership Fund.

"The S.C. Research Authority and the grants and investments they provide to entrepreneurs play a critical role in helping to nurture innovation and foster economic growth across the state," Dixon Woodward, state president of United Community Bank, said in the news release. "As a longtime partner of the organization, we have seen first-hand the impacts of their work in our local communities and we want to support those efforts."

United Community Bank is among S.C. businesses and individuals eligible to receive a dollar-for-dollar state tax credit for investing in SCRA's Industry Partnership Fund. A strong innovation economy means higher potential for cutting-edge technologies and higher-paying jobs to remain in South Carolina, the bank said in the release.

"We cannot achieve our mission without partners like United Community Bank who share our dedication...

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