The South Carolina Power Team (SC Power Team) is a full-service, non-profit economic development organization that facilitates the growth of jobs, investment and electric load through the attraction of new industrial and commercial activity, as well as, the expansion and retention of existing businesses and facilities.
The SC Power Team represents Broad River Electric and the state’s other 19 member-owned electric cooperatives, which collectively serves within 46 counties of the state and over half of its population.
One way in which the SC Power Team strengthens Broad River Electric’s economic development efforts is through its community initiative funds, which focus on competitiveness and community preparedness.
- The $30 million Site Readiness Fund (SRF) is used for matching grants which are paired with funding from the electric cooperatives, local governments, and other resources to facilitate the enhancement of existing sites, parks, and buildings within the electric cooperative territory. In 2016, the SRF funds provided $600,000 toward the construction of a sewage line at the Sunny Slope site in Cherokee County. Broad River Electric provided $200,000 of the matching funds.
- A longstanding investment fund, this program offers assistance with site and building evaluations. Broad River Electric’s most recent industrial investments, Belk, Dollar Tree, and Rite Aid all utilized the incentive fund.