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EDC tables budget item after questions over sponsorships, mini-grants and revenue
Summary
The South Carolina Economic Development Corporation board delayed action on a draft budget item after members asked staff for clearer sponsorship and grant rules and a breakdown of unclear revenue figures.
The South Carolina Economic Development Corporation (EDC) board on an unspecified meeting date tabled consideration of a budget item after board members requested clearer documentation on sponsorships, the small-business grant program and several unexplained revenue line items.
Board members said they want a formal sponsorship application, clearer limits on mini-grants and a full breakdown of “other revenue” before approving the item. A motion to table the budget item passed (motion made and seconded; “all those in favor say…
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