Cross Outreach Ministries Finances Improvements and Expands with JEDA Bonds
Bluffton, SC — Beaufort County
Cross Outreach Ministries, Inc., is using a $12.5 million tax-exempt bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to finance improvements and new construction on the Bluffton campus of Cross Schools.
Proceeds of the bond issue will help the school continue its expansion which will allow it to serve more families. Cross Schools was founded in 1998 and now has more than 650 students enrolled in preschool through 12th grade. In addition, after-school programs also are offered throughout the school year.
— Stephen Kiser, Managing Trustee of Cross Outreach Ministries, Inc.
“We were pleased to support the continued growth of Cross Schools through the issuance of this tax-exempt JEDA bond,” said Jeremy Cook, Bond Counsel with Haynsworth Sinkler Boyd, P.A., in Charleston. Additionally, Wes Wright with Truist Bank and Weston Newton with Jones, Simpson & Newton, P.A., supported Cross Outreach Ministries by processing key steps of the JEDA transaction.
“JEDA is glad to be able to help one of South Carolina’s growing institutions of learning to finance its expansion. We thank Cross Outreach Ministries for allowing JEDA to assist as issuer for this financing,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.