Horse Creek Academy Construction Possible with JEDA Bonds

Created 11 New Jobs, Retained 24 Jobs ~

AIKEN, SC – Horse Creek Academy (formerly Midland Valley Preparatory School) is using $5,530,000, issued as series 2014A $5.335 million tax-exempt and Series 2014B $195,000 taxable revenue bonds from South Carolina Jobs-Economic Development Authority (JEDA) to finance its move from Graniteville to a new site in Aiken.

The Series 2014 bonds will be used to finance the acquisition of a 30-acre parcel of land and completion and outfitting of a partially completed, 53,000-square-foot building on Toolebeck Road.

The 12- year- old school currently has 24 existing employees and the bond that was expected to create nine new jobs within twenty-four months of completion of the project has to date created eleven.

Approximately 190 students attended K-5 through eighth grade at the former facility. The current facility houses two – three classes per grade level K5 through eighth grade, with a current enrollment of 337 students.

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].