Post Tagged with: "Thomas Alexander"

NEWS:  Is S.C. doing enough to grow, maintain small businesses?

NEWS:  Is S.C. doing enough to grow, maintain small businesses?

By Lindsay Street, Statehouse correspondent  |  Unemployment is down. Small business taxes and regulations are down. But there are 25 percent fewer small businesses today than prior to the Great Recession, according to small business advocates.

What’s killing small business in South Carolina? Lack of access to capital, they say. Now, they are eyeing the billions of dollars the state has spent on luring big business and say they want a piece of the pie.

“Regulations are not holding back small business. Taxes are not holding back small business in the state,” said Frank Knapp CEO of the S.C. Small Business Chamber of Commerce.  

by · 08/04/2017 · News
Construction at the Summer site.

NEWS: Will S.C.’s new reactors melt down like roads, pensions?

By Bill Davis, senior editor | There are several “nightmare scenarios” swirling around two incomplete and incredibly expensive nuclear reactors being built in the Midlands in Jenkinsville and what damage they could do to ratepayers’ wallets.

The ongoing work on the reactors, a joint effort of Santee Cooper and SCE&G, at the V.C. Sumner facility appears to be over budget and behind schedule, according to company documents.

But what’s more concerning to many is that the company building the reactors, Westinghouse, filed for Chapter 11 bankruptcy protection in the face of what may be billions of dollars of corporate losses. Westinghouse’s parent company, Japan’s Toshiba, has promised an unknown amount of money to help guarantee completion, according to published reports.

by · 04/21/2017 · News
NEWS: This ‘Black Friday’ could stretch for years in state budgeting

NEWS: This ‘Black Friday’ could stretch for years in state budgeting

How much: $2.2 billion + “a whole lot more” every year

By Bill Davis, senior editor | South Carolina is looking at a massive shortage of revenues in the face of mounting annual needs that could affect taxation and programs such as K-12 education, roads and more.

How much does the state need annually that it doesn’t currently bring in? More than $2 billion more a year – every year — Statehouse insiders said.

In fact after years of ignoring the magnitude of the state’s growing challenges from roads to education to health care, things have gotten so big that one key state lawmaker joked it might take a Christmas miracle to make things right.

by · 11/25/2016 · News