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Fast Facts
- The South Carolina SmartState Program was established by the South Carolina legislature in 2002.
- 49 Centers of Economic Excellence have been approved to date.
- 38 SmartState Endowed Chairs have been appointed to date.
- Each approved Center is awarded between $2 million and $5 million in state funds.
- The program has made $186.6 million in total awards as of September 2009.
- State funds must be matched dollar-for-dollar with private, municipal, or federal funds.
- $181,887,613 in matching funds have been pledged to the program since its inception.
- $162,779,305 in matching funds have been received since the program's inception.
- $157,537,712 in state funds have been drawn down since the program's inception.
- The SmartState Program has resulted in more than $400 million in non-state investment into the South Carolina economy.
- The SmartState Program has led to the creation of more than 5,000 jobs in South Carolina.
- For a summary of funded Centers (by funding year), click here.
- For a detailed financial summary of all funded Centers, click here.
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Latest News
“The SmartState Program represents an extraordinary and enlightened approach to economic development by our state leaders. Not only is it attracting national attention through investments in talent and infrastructure at USC, but it also is strengthening academic reputations and producing research that leads to higher‐paying, knowledge‐based jobs and, ultimately, a better standard of living for our citizens.”
Harris Pastides
USC President
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