Retains 7,562 existing jobs.
SC JEDA Economic Development Industrial Revenue Bond
Bond financing facilitated by JEDA helped Palmetto Health lower the cost of major projects, which has assisted the non-profit organization in becoming a leading healthcare provider in South Carolina and one of the Midlands’ largest employers.
The $94.6 million tax-exempt bond issuance was used to refinance earlier bond issues that financed major projects, such as construction or renovations of Palmetto Health Children’s Hospital, the 125-bed Palmetto Health Heart Hospital and a 756-space parking garage at the Columbia campus.
This bond issue is one of several re-financings, each of which has been instrumental in helping Palmetto Health further meet their goal of being a major provider of trauma, inpatient, outpatient and community health services in the region.