Diocese of Charleston Leverages JEDA Bonds for Columbia, Ridgeland Schools
June 10, 2015
The schools employ 71 employees; the projects will create six new jobs
CHARLESTON, SC – The Catholic Diocese of Charleston is financing major school projects in Columbia and Ridgeland through $25 million in tax-exempt bonds issued through the South Carolina Jobs-Economic Development Authority (JEDA).
The Series 2015 economic development bonds will be used for the new Cardinal Newman Catholic School campus now under construction in northeast Columbia. It is scheduled to open in the fall. The bond will also help build a new athletic center for John Paul II Catholic School in Ridgeland. This facility will consist of a competition basketball court, volleyball court, male and female locker rooms as well as flexible space for arts or instructional activities.
The two schools currently employ a total 71 people. Officials expect six new jobs to be created within
24 months of the projects’ completion.
About JEDA
For more than 31 years, JEDA has promoted the business and economic welfare of South Carolina by assisting in the financing of public and private projects throughout the Palmetto State. JEDA serves as a statewide conduit issuer of special obligation revenue bonds and acts on behalf of the borrower to access financial markets and capital. Since its creation in 1983, JEDA has facilitated the issuance of 459 bonds for over $8.6 billion and resulting in the creation and retention of more than 215,072 jobs.
For more information regarding JEDA, please visit our website at www.scjeda.com or contact
Harry A. Huntley, CPA, Executive Director, at (803) 737-0268 or [email protected].
