07/03/2024 | Press release | Distributed by Public on 07/03/2024 13:14
A $45 million federal grant will help SC NEXUS scale South Carolina's tech hub, creating jobs, improving rural infrastructure, and ensuring reliable electricity.
Federal grant funding totaling $45 million will allow SC Nexus for Advanced Resilient Energy (SC NEXUS) to scale up the state's technology hub, creating jobs, closing infrastructure gaps in rural communities, ensuring access to reliable, low-cost electricity and strengthening the nation's ability to compete worldwide.
The U.S. Department of Commerce's Economic Development Administration (EDA) award officially designates South Carolina as one of 12 tech hubs nationwide. The City of Greenville offered strong support for the proposals during the application process and celebrated the effort led by Gov. Henry McMaster and the SC Assembly. "We are dedicated to fostering innovation and entrepreneurship," Mayor Knox White said. "We have partnerships with universities and colleges for internships, research collaborations and workforce development. We have streamlined permitting processes, reduced regulatory barriers and invested in infrastructure upgrades to attract and retain technology companies."
Four projects received funding, including:
Part of the S.C. Department of Commerce, SC NEXUS is a consortium that consists of more than 50 public and private member entities. As a federally designated tech hub, SC NEXUS will be given priority in future EDA funding opportunities.