These programs are currently inactive, but that status could change pending funding allocations.
Community Economic Development (CED) Fund
The CED grant program was created by the SC General Assembly in 2000 (through the SC Community Economic Development Act) to support certified community development corporation (CDC) and community development financial institution (CDFI) sponsored projects in the state of South Carolina. Qualifying projects create small businesses, commercial opportunities and jobs in underserved/rural communities.
Organizations applying for CED grant money must be certified by the SC Department of Commerce. SCACED coordinates the certification process for community based organizations wishing to earn their CDC or CDFI designation.
2016 Community Economic Impact Fund Impact
|CED Awardee||Project||Award Amount||Jobs Creating/Sustaining||Businesses Creating/Expanding||Individuals Receiving Training||Other Leveraged Resources|
|Anderson Interfaith Ministries||SNAP 2 Work||$22,500||36||-||96||$384,165|
|CommunityWorks Carolina||CommunityWorks MicroBusiness Program||$10,000||30||-||160||$729,841|
|Increasing HOPE||Three-Part Quality of Life Project||$5,000||-||-||20||$85,000|
|Metanoia CDC||Metanoia's Youth Entrepreneurship Program||$10,000||15||3||15||$121,899|
|SC Community Loan Fund||Investing in Community||$20,000||49||3||-||$955,000|
|The Butterfly Foundation||Culinary Job Training Program||$22,500||20||-||-||$223,648|
The Secretary of the SC Department of Commerce must grant final approval on any application recommended by SCACED in order for CED funding to be issued.
The MicroBusiness Program is made possible through our partnership with the SC Department of Commerce. The program launched in 2014 to ensure that South Carolina’s smallest businesses have the capacity to create jobs, build skills and enhance the self-sufficiency of low-income households.
MicroBusinesses are defined as businesses that require $25,000 or less in start-up capital and have five or fewer employees. 92% of all U.S. businesses are microbusinesses.
The MicroBusiness Program will provide capital to microentrepreneurs in underserved areas of the state through a competitive grant program and deliver development services to help establish or expand microbusinesses. This program is the first of its kind in South Carolina and will help foster the development of a permanent, statewide infrastructure of microloan delivery organizations to support the microbusinesses and small business sectors in the state.
2016 Program Impact
$36,760Loan Capital Deployed
5Businesses Created or Expanded
39Jobs Created or Sustained
418Hours of Technical Assistance Provided to Entrepreneurs
SC Energy Saves
SC Energy Saves was made possible through a grant from the Emily Hall Tremaine Foundation. Its purpose is to expand residential energy efficiency among underserved communities across the state, and the impact is two-fold… Low to moderate income families benefit from reduced energy costs, and new jobs are created through a community-based energy efficiency retrofit strategy.
Objectives of SC Energy Saves
Increase visibility for energy efficiency strategies and the community economic development industry in South Carolina.
Engage new allies and strengthen existing relationships to increase scope, scale, and impact of community-based economic development work in South Carolina relating to energy efficiency retrofit strategies.
Advocate for state policies that would provide capital (micro-loans and forgivable loans) to small businesses and non-profits entering into energy efficiency and green enterprises.
Expand institutional resources from regional and national funders to support and finance energy efficiency retrofit strategies in South Carolina.
2016 Program Impact1. SCACED coordinated two educational workshops where over 100 individuals gained valuable information on existing energy efficiency and solar programs in their area.
2. SCACED worked in conjunction with the Southern Environmental Law Center and the Partnership for Southern Equity to co-author "Solar for All," a best-practices guide to help SC utilities make solar accessible to everyone.
3. SCACED members and partners learned about the Distributed Energy Resource (DER) programs created as a result of Act 236 and the associated incentives and benefits.
4. SCACED has and continues to connect CED groups with investor-owned utilities and forthcoming opportunities in residential solar and community and shared solar project development.
SC Energy in the News