South Carolina

Volkswagen will benefit from the largest economic development deal in South Carolina history as it launches a new, all-electric brand of Scout SUVs and pickups.

A legislative investigation found Comptroller General Richard Eckstrom responsible for an error that was overlooked for a decade and ballooned to $3.5 billion.

Benjamin was mayor of Columbia from 2010 to 2021, leading the city through a time of tremendous growth.

Southeast states are generous with incentives for electric vehicle factories; less so for people and businesses who operate EVs.

York County priced a $24.6 million deal to help recoup costs of the purchase of a private water utility that wasn't "up to par," according to county officials.

Gov. Henry McMaster wants to fuel capital development while avoiding new debt and is asking lawmakers to approve billions in one-time allocations.

The administration of Gov. Henry McMaster has sought to claim a stake for the state in the electric vehicle and EV battery manufacturing space.

Annual contributions to the General Reserve Fund will increase to 7% of the previous year's revenue from the current rate of 5%.

The market has seen outflows for 13 straight weeks, per Refinitiv Lipper, but Nuveen strategists Anders S. Persson and John V. Miller said "selling is due primarily to investors harvesting tax losses."

South Carolina-based Jasper Pellets borrowed $12.5 million in private activity bonds in 2018. A deal to settle the firm's Chapter 11 bankruptcy pays the debt.

AccuWeather says Hurricane Ian may turn out to be one of the costliest storms in the county's history due to its violent storm surge, damaging winds and overpowering flooding rains.

The saga to build the Carolina Panthers a new training facility ended in court, amid finger-pointing between the developer and South Carolina local governments.

Municipal bond issuers in the Southeast sold $40.7 billion of bonds in the first half of this year, a 6.3% year-over-year increase.

Borrower Jasper Pellets and trustee US Bank have been locked in a legal battle after the company filed for Chapter 11 bankruptcy on May 27.

Gross savings from the transaction is expected to be $378 million, or about $11 million a year, which would result in around $250 million in net present value debt service savings.

A pair of bond sales coming out of the Carolinas found homes with investors this week as demand for the paper was high.

After financial and legal difficulties and under new legislative oversight, the South Carolina Public Service Authority heads into the municipal bond market.

The South Carolina Department of Commerce received authority for an $8 million bond issue for the project that may create nearly 500 jobs.

The settlement shifts about $30 million of hospitality fee revenue from Horry County, South Carolina, to local governments there, including Myrtle Beach.

The office designs and implements a plan that coordinates statewide resilience and disaster recovery efforts.