Public & Societal Benefit
Palmetto State Growth Fund Inc
COLUMBIA, SC
Total revenue
$4.0M
Total expenses
$664K
Net assets
$24.2M
Grants received
—
EIN
570954747
Tax year
2024
Mission
Palmetto state growth fund lessens the burdens of south carolina's state government by assisting the south carolina jobs-economic development authority in meeting its statutory purposes and obligations of promoting economic development and increasing and/or retaining employment in south carolina.
Programs
2 programs
Palmetto state growth fund is a limited partner in a sba small business investment company (sbic) which makes business loans and equity investments in lower middle market businesses. The company's investment provided initial capital for the sbic which is the first sbic based in south carolina. The sbic was licensed and began operations in 2018. Palmetto state growth fund also participates in a second sibc limited partnership which began operations in 2023 and also invests in lower middle market businesses
The company invests funds committed but not yet advanced in short term investments.
Financials
FY 2024
Revenue
Expenses
People
5 listed
KAREN J CALHOUN
PRESIDENT &
—
1 hrs/wk
BRIAN FAST
DIRECTOR
—
1 hrs/wk
MICHAEL W NIX
DIRECTOR
—
1 hrs/wk
JAMES A SHUFORD
SECRETARY
—
1 hrs/wk
GREG THOMPSON
DIRECTOR
—
1 hrs/wk