JEDA Bonds Help SENIOR Solutions Serve Upstate Communities

May 13, 2014

Creates 15 New Jobs and Retains 139 Existing Jobs

Anderson and Greenville, SC – Anderson and Greenville Counties

SENIOR Solutions, a provider of senior care services across the Upstate, has issued $4.2 million in new tax-exempt bonds through the South Carolina Jobs-Economic Development Authority (JEDA).

The bond issue financed the purchase of three acres of leased land; refinanced existing debt used to pay for the construction of a building located at SENIOR Solutions’ Anderson facility on Clemson Blvd; as well as financed the purchase of land and buildings at the Greenville facility on Grove Road.

SENIOR Solutions bought the Greenville facility in 2009 and had been operating from the Anderson location since 2003. Founded in 1968, SENIOR Solutions was the first provider of adult day care in South Carolina, now offering transportation, home-delivered meals, home care, care management, senior center, thrift store, insurance services and related activities from seven locations.

 

About JEDA

For more than 30 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 446 bonds for over $8.1 billion and resulting in the creation and retention of more than 213,000 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]