Greenwood Charter Academy uses $25 Million in JEDA Bonds for New School
Greenwood, SC — Greenwood County
The South Carolina Jobs-Economic Development Authority (JEDA) has issued $24.9 million in educational facilities revenue bonds to finance the first ever charter school in Greenwood County.
Greenwood Charter Academy will use $24.2 million in tax-exempt bonds and $710,000 in taxable bonds to acquire, renovate, build, and equip space in the Greenwood Mall located on 412 Bypass Highway 72. The school will open for the 2023-24 school year with 700 students in grades K-6 with plans to add one grade each year through eighth grade, and is expected to create 62 new jobs, according to its operator, Tutelage School Solutions.
— Tony Helton, Chief Executive Officer of Tutelage School Solutions
“Leveraging the power of tax-exempt financing at favorable terms is critically important in today’s interest rate environment. We’re privileged to have a part in launching another charter school on behalf of JEDA and Greenwood Charter Academy,” said Sam Howell, Bond Counsel with Howell Linkous & Nettles in Charleston.
“JEDA is pleased to once again be involved in the financing of a new educational option for our state’s students. Additionally, an unused space in a landmark local mall is being transformed for a public benefit. That represents a double win for economic development in Greenwood,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.