Author: SC Promise Zone

Kentucky’s Promise Zone generated $174 million

SC Promise Zone

Excerpted from the Walterboro Press and Standard:

APRIL 30, 2015  | [CEO Jerry] Rickett said since receiving the designation Kentucky Highland Promise Zone, approximately $174 million has been committed to be invested by Kentucky, the federal government and private sector. “We have written 91 letters of support for projects applying for federal funds.”

Since the designation, Rickett said, the United States Department of Agriculture provided a loan to the Knox County Hospital that saved 200 jobs. “Those types of investments have been so critical to helping us maintain the employment we have,” Rickett said. USDA has committed $43 million to projects within the Kentucky Promise Zone.

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New Promise Zone includes Colleton

SC Promise Zone

Excerpted from the Walterboro Press and Standard:

APRIL 30, 2015  |  The six counties in the SouthernCarolina Regional Development Alliance became the second rural area in the United States to be designated a Promise Zone by the federal government.

Promise Zones are high poverty communities where the federal government partners with local leaders to increase economic activity, improve educational opportunities, leverage private investment, reduce violent crime, enhance public health and address other priorities identified by the community.

 

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Bamberg among Promise Zone counties

SC Promise Zone

Excerpted from the Orangeburg Times and Democrat:

APRIL 29, 2015  | Bamberg County is one of several counties in the South Carolina Low Country expected to benefit from designation as a federal Promise Zone.

U.S. Department of Agriculture Secretary Tim Vilsack and Julian Castro, secretary of the U.S. Department of Housing and Urban Development, on Tuesday announced eight new Promise Zones, including six cities, one rural area and one tribal community.

Promise Zones are high-poverty communities where the federal government partners with local leaders to increase economic activity, improve educational opportunities, leverage private investment, reduce violent crime, enhance public health and address other priorities identified by the community.

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Six S.C. counties win Promise Zone designation

SC Promise Zone

Excerpted from the Charleston Regional Business Journal:

APRIL 29, 2015  |  The 90,000 residents who live in selected portions of Allendale, Bamberg, Barnwell, Colleton, Hampton and Jasper counties have been chosen for a federal program that is expected to add jobs, investment and grant funding to the area.

With a poverty rate of 28.12% and an unemployment rate of 14.7%, the six counties west of the Charleston area were designated earlier this week as the S.C. Promise Zone (.pdf), according to a news release.

The Promise Zone initiative, laid out by President Barack Obama in his 2013 State of the Union address, focuses on creating jobs, leveraging private investment, increasing economic activity, expanding educational opportunities and reducing violent crime in high-poverty counties, according to the news release.

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