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Banking & Finance

Feb 28, 2022

New organization offers impact investment in the Upstate

Abundance Capital, a Greenville-based donor-advised fund platform launched in late 2021 with the aim of activating millions of dollars of place-based charitable impact investing to grow vibrant, inclusive Southern communities.

Feb 21, 2022

Bank donates $25,000 to Harvest Hope

One bank incentivized its employees to receive the COVID-19 booster shot with by donating $100 to a local food insecurity charity for each vaccination. Over the past two years, the bank has provided ...

Feb 17, 2022

Georgia bank buys property for SC expansion

A bank with just three branches outside headquarters plans to growth strategy that begins in Greenville with plan to spread across the

Feb 7, 2022

USDA invests $63.3M in 26 projects across SC

Clemson University, the Beaufort County Black Chamber of Commerce, a hemp-growing operation and several rural solar arrays are a few of 26 projects bolstered with recent loan guarantees and grants from the U.S. Department of Agriculture.

Jan 25, 2022 owner invests $264M in crypto-mining facility

About 2 million bitcoins are left to be mined, according to industry experts. One company plans to get ahead in the cryptocurrency arms race with 45,100 miners and the purchase of a former Spartanburg industrial property.

Jan 19, 2022

Chambers press for tax reform, continued investment

South Carolina has the highest income tax rate of any of its neighbors. Upstate Chamber Coalition executive Jason Zacher says the state has a historic opportunity on the table to

Jan 6, 2022

VentureSouth breaks investor return records in 2021

Greenville-based Venture South added 11 new investments to its portfolio in 2021, including two Palmetto State startups. The investment group also returned $20 million in proceeds for investors, a record Venture South attributes to

Jan 5, 2022

N.Y. cryptocurrency mining company occupies 175-acre site

When Greenidge Generation Holdings wanted to expand operations beyond its native New York into Texas and South Carolina, it doubled its original order of 22,500 Bitmain miners, computational hardware that puts new cryptocurrency into cir

Dec 23, 2021

CommunityWorks awarded Treasury Department grant

Greenville-based nonprofit lender CommunityWorks received $525,000 through the U.S. Treasury Department’s CDFI Fund to support financing for statewide affordable housing.

Dec 16, 2021

Upstate business leaders start cryptocurrency mining company

First John Warren founded real estate lender Lima Capital. Then, he ran for governor of South Carolina. This year, he and four other Upstate business leaders, have put $200 million toward mining

Dec 6, 2021

Venture fellowship program to begin in February

The S.C. Commerce Department's Office of Innovation has partnered with Venture Carolina, a nonprofit that aims to bridge the funding gap between investors and entrepreneurs, to launch a pilot fellowship program.

Dec 2, 2021

AVX invests in venture capital fund

Fountain Inn's advanced electronic components manufacturer Kyocera AVX has partnered with an early-stage venture capital firm Good Growth Capital to complement its existing research and investments in S.C. medical technology.