SCJEDA

Success Stories

YMCA of Greater Spartanburg

success YMCA greater spartanburg

Project Size:

$10 million

Jobs Created/Retained

Retains 200 permanent jobs; Creates 60-80 seasonal jobs

Bond Type

SC JEDA Economic Development Industrial Revenue Bond

The $10 million in tax-free economic development revenue bonds issued through JEDA is helping the YMCA of Greater Spartanburg build a new home on its current Pine Street property. This funding will be used to help pay for the demolition of the existing building on the 10-acre site and for replacing it with a new facility designed to better serve the wellness needs of the Spartanburg community.

The bonds also will be used to refinance a portion of the 1996 bond funding which was used to build the Spartanburg YMCA Family Center. The new issue will create temporary construction jobs as well as maintain existing permanent employment for approximately 200 people and provide additional seasonal jobs for 60 to 80 people.