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Our Beginnings
In 1992, the South Carolina Jobs-Economic Development Authority (JEDA) created Carolina Capital Investment Corporation, Palmetto State Growth Fund’s predecessor, to promote job growth in our state. Our name and program services have changed over the years as market needs have changed.
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Our Actions
Today, we invest in a diverse mix of loan and equity investments, all designed to broaden financial services availability in our state. Our initiatives are driven through partnerships with experienced financial companies. Our capital is often the “secret sauce” to making business financing available.
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Our Goal
Our goal is to see small businesses succeed. We promote fair, affordable solutions to financing needs.
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Our Differentiators
Our close ties with JEDA give us unique insight into our state’s business climate. Many of our investment opportunities come through this relationship. We are governed by a five member board, two members being JEDA board members and three being independently elected. All are long-standing South Carolina businesspeople working to move our state forward.
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Working Together
Our partners understand the state’s needs. We listen to those ideas and use our capital to fill those needs and be the source for new initiatives.
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Quick Turnaround
We respond quickly to financing requests. We have no bureaucratic red tape to slow our decisions.
Inquire About Partnership
Chairman and President
Tommy is a retired South Carolina banker and former Chairman of First Community Corporation, the holding company for First Community Bank, Columbia. Tommy has been a director of PSGF and its predecessors since 1992 and has been engaged in economic development in the midlands of South Carolina for over forty years.
Secretary and Treasurer
Alex is a retired, lifelong South Carolina banker and former Executive Vice President of SouthState Bank where he had a career developing community banking relationships across the state. Alex serves on several Lowcountry conservation related nonprofit boards and lives in Columbia.
Director
Karen is Director of Business Development for McMillan Pazdan Smith Architecture which has offices in South Carolina, North Carolina and Georgia. Karen is active on several state economic development associations and Upstate foundation boards and lives in the Greenville/Spartanburg area.
Director and JEDA Board Chairman
Michael is President & CIO of Verity Investment Management with offices in SC and TX. In addition to his Board service with PSGF, he also serves as Chairman of the Jobs Economic Development Authority (JEDA), Chairman of InvestSC, and Board Member of the SC Department of Commerce's Coordinating Council for Economic Development. Michael resides in Bluffton, SC.
Director and JEDA Board Member
Greg is President and CEO of Thompson Construction Group, Inc., Sumter. Greg developed the Sumter Quixote Golf Club and its Quixote Foundation which supports the Liberty STEAM Charter School. Greg is a life-long Sumter resident.
Program Manager
James L. "Jimmy" Pate