The Closing Fund
The Closing Fund supports high-impact economic development projects by funding property and infrastructure improvements needed to recruit them to South Carolina or keep them in the state.
Funder: South Carolina Department of Commerce
Due Dates: Not specified
Funding Amounts: Award amounts not specified; fund depends on annual state appropriations
Summary: Supports property and infrastructure improvements needed to recruit or retain high-impact economic development projects in South Carolina.
Key Information: The Coordinating Council considers awards case by case, at its sole discretion.
Description
Created in 2006, the Closing Fund helps bring high-impact economic development projects to South Carolina or keep them in the state when additional funding is needed. Grants generally support real property improvements and road or other infrastructure improvements connected to those projects.
The fund is one of three discretionary grant funds administered by the Coordinating Council for Economic Development, which includes the South Carolina Department of Commerce and other state entities involved in business development and public infrastructure. The Council evaluates each project individually and decides whether to award a grant based on its needs.
