JEDA issues $30.4 million in Bonds for improvements at Wofford College

The South Carolina Jobs-Economic Development Authority (JEDA) has issued $30,385,000 in Economic Development Revenue Bonds for Wofford College.

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.

“Our future depends on updating and growing our facilities. We’re pleased to once more leverage advantageous financing available through JEDA to execute on our strategies for critical infrastructure upgrades.” Chris Gardner, Chief Financial Officer at Wofford College

“We’re grateful for the opportunity to assist Wofford College through the complexities and legalities of issuing tax-exempt bonds,” said Kathy McKinney, Bond Counsel with Haynsworth Sinkler Boyd, P.A. in Greenville.

“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.