The South Carolina Department of Commerce has established The Opportunity Zone Grant Fund under which South Carolina governmental entities (counties and/or municipalities) may request funding to offset the costs of obtaining an outside vendor to assist in the structuring of a competitive Opportunity Zone Prospectus. The program also allows the third party vendor to assist the governmental entity in determining the best project to pursue.
Should any South Carolina governmental entity have an interest in applying for funding assistance, they must complete the application in full and attach a copy of the proposal from the vendor that the entity would like to employ. It is the responsibility of the applicant to follow their individual procurement process.
Reach the investor community by listing your project in South Carolina’s project database.
Tell your project and community story by developing a compelling prospectus that highlights reasons why investors should consider your projects.
Devise a comprehensive strategy for developing the right product, effective communication channels and ways in which your community will support Opportunity Zone projects including linking your existing incentives to new investments.
Develop an extensive network of contacts including investors, economic development leaders, real estate developers and local stakeholders, and then, TELL YOUR STORY!