Virtus Academy in Florence Expands With $13.9 Million in JEDA Bonds
Florence SC — Florence County
Virtus Academy of South Carolina is using $13,890,000 in bond financing through the South Carolina Jobs-Economic Development Authority (JEDA) to improve and expand the public charter school’s facility located at 2407 Pisgah Road in Florence.
Virtus Academy was founded in 2018 as a grades K- 5 school, now serves grades K-8, with plans to expand to grades K-12 by 2025. The tax-exempt Educational Facilities Revenue Bonds will be used to build and equip the new high school at the lower school campus. Thirteen new jobs will be added to the existing 72 currently employed by the charter school.
“JEDA financing is empowering Virtus Academy to open new horizons for the children of our community. We’re excited about what lies ahead.”
Dr. Thomas Ducey, Chairman of the Board of Directors of Virtus Academy
“Helping to securely fund the growth of innovative, new educational institutions in South Carolina communities is always a pleasure and a privilege,” said Alan Linkous, Bond Counsel with Howell Linkous & Nettles in Charleston.
“JEDA is pleased to provide critical financing to support the expansion of Virtus Academy. Helping local schools improve and expand their facilities has been a part of JEDA’s mission for generations,” said Jesse A. Smith, Executive Director of JEDA in Columbia.
