Organizations Filed Purposes:
THE GENERAL PURPOSE OF THE CORPORATION SHALL BE TO FURTHER ECONOMIC DEVELOPMENT IN THE CITY OF SPARTANBURG THROUGH PROMOTING AND ASSISTING THE GROWTH OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, AND THEREBY TO BENEFIT THE COMMUNITY BY RELIEVING UNEMPLOYMENT, COMBATING COMMUNITY DETERIORATION, INCREASING EMPLOYMENT OPPORTUNITIES AND EXPANDING BUSINESS FOR THE CITY OF SPARTANBURG. THE CORPORATION HELPS PROMOTE ECONOMIC DEVELOPMENT BY (A) FUNDING VARIOUS COMMUNITY PROJECTS AND BY (B) MAKING LOANS TO SMALL BUSINESSES FROM EITHER ITS OWN RESOURCES OR FROM A BANK LOAN POOL ("LOAN POOL") FOR WHICH IT FACILITATES (THE CORPORATION PROVIDES STAFF AND SERVICING SUPPORT FOR THE LOAN POOL).
TO FURTHER ECONOMIC DEVELOPMENT IN THE CITY OF SPARTANBURG THROUGH PROMOTING AND ASSISTING THE GROWTH OF BUSINESS CONCERNS - INCLUDING SMALL BUSINESS CONCERNS - AND THEREBY TO BENEFIT THE COMMUNITY BY RELIEVING UNEMPLOYMENT, COMBATING COMMUNITY DETERIORATION, INCREASING EMPLOYMENT OPPORTUNITIES AND EXPANDING BUSINESS IN THE CITY OF SPARTANBURG.
SOUTHSIDE RETAIL PROJECT - THE PROJECT WAS BEGUN DURING 2007 TO PROVIDE SUBSTANTIAL FINANCIAL INCENTIVES TO THE DEVELOPER TO CONSTRUCT A 45,000 SQ. FT. COMMERCIAL RETAIL DEVELOPMENT IN A NEEDY AREA OF SPARTANBURG TO IMPROVE COMMERCE IN THAT PART OF THE CITY.
LOANS TO SMALL BUSINESSES TO PROMOTE DEVELOPMENT - INTEREST EXPENSE AND BAD DEBT EXPENSE ASSOCATED WITH PREVIOUSLY MADE LOANS TO SMALL BUSINESSES FROM OUR OWN RESOURCES OR FROM THE LOAN POOL.
127 WEST MAIN STREET PROJECT - THE CORPORATION ENTERED INTO AN AGREEMENT WITH 127 W. MAIN, LLC TO PROVIDE A GRANT TO THE DEVELOPER TO FULLY RENOVATE 127 WEST MAIN AS A MIXED USE COMMERCIAL VENUE THAT WILL CONTRIBUTE TO THE CONTINUED REVITALIZATION OF DOWNTOWN AND IS A LANDMARK OF STRATEGIC IMPORTANCE.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Dennis Locke | FINANCE DIRE | 0.2 | $0 |
| Junie White | PRESIDENT | 0.02 | $0 |
| Jay Wakefield | DIRECTOR | 0.02 | $0 |
| Chris Story | CITY MANAGER | 0.02 | $0 |
| Laura Stille | DIRECTOR | 0.02 | $0 |
| Christopher D Kennedy | DIRECTOR | 0.02 | $0 |
| Josh Jones | DIRECTOR | 0.02 | $0 |
| Kimberly Anne Fly | DIRECTOR | 0.02 | $0 |
| Greg Embry | DIRECTOR | 0.02 | $0 |
| Landon Cohen | DIRECTOR | 0.02 | $0 |
| Erica Brown | DIRECTOR | 0.02 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202110199349301111_public.xml