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Wofford College receives $30M in funding for improvement projects

Jason Thomas //June 11, 2024//

The South Carolina Jobs-Economic Development Authority (JEDA) has issued $30.39 million in Economic Development Revenue Bonds to Wofford College. (Photo/JEDA)

The South Carolina Jobs-Economic Development Authority (JEDA) has issued $30.39 million in Economic Development Revenue Bonds to Wofford College. (Photo/JEDA)

The South Carolina Jobs-Economic Development Authority (JEDA) has issued $30.39 million in Economic Development Revenue Bonds to Wofford College. (Photo/JEDA)

The South Carolina Jobs-Economic Development Authority (JEDA) has issued $30.39 million in Economic Development Revenue Bonds to Wofford College. (Photo/JEDA)

Wofford College receives $30M in funding for improvement projects

Jason Thomas //June 11, 2024//

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Wofford College has received a funding boost for a planned improvement project at its Spartanburg campus.

The South Carolina Jobs-Economic Development Authority (JEDA) has issued $30.39 million in Economic Development Revenue Bonds to the college, according to a news release.

“JEDA has a long history of assisting Wofford College in financing this historic institution’s facilities and growth. We appreciate the opportunity to again be able to assist Wofford with this financing,” said Jesse A. Smith, executive director of JEDA in Columbia, in the release.

Proceeds of the bonds will be used to finance improvements in student housing, classrooms, lounge and study spaces, administrative, cultural and athletic facilities, as well as upgrades to information technology systems at the 1,800-student, 175-acre campus at 29 N. Church St. in Spartanburg, according to the release.

“Our future depends on updating and growing our facilities,” Chris Gardner, chief financial officer at Wofford College, said in the release. “We’re pleased to once more leverage advantageous financing available through JEDA to execute on our strategies for critical infrastructure upgrades.”

This story will be updated.