$94,000 Grant from AdvanceSC Helps USC Upstate

Spartanburg, S.C. – AdvanceSC, funded with profits from Duke Energy\'s Bulk Power Marketing program (BPM) and managed by an independent board of directors, recently provided a $94,000 grant to the University of South Carolina Upstate’s School of Business Administration and Economics.

The USC Upstate School of Business Administration, through its Center for Economic and Community Development and in partnership with The Export Consortium and New Carolina, recognizes the need to aggressively support the manufacturing base in the Upstate. The grant resources will be targeted for the specific need of export analysis. Export analysis includes: developing an export plan, performing market research, identifying and obtaining government assistance, satisfying regulatory guidelines and others.

“The School of Business Administration and Economics will use this opportunity to build expertise in export analysis within South Carolina,” said Dr. Darrell Parker, dean of the USC Upstate School of Business Administration and Economics. “As a Metropolitan University we are committed to serving the economic development needs of our region. The support from AdvanceSC will help us expand that role.”

\"The board of AdvanceSC receives many applications from worthy organizations on a quarterly basis,\" said Robert M. Hitt, president of AdvanceSC. \"USC Upstate shares the goals Duke Energy used in establishing our organization, and we’re privileged to partner with them in order to benefit so many people in our community.”

AdvanceSC supports education, economic growth, existing manufacturing and public assistance agencies in Duke Energy’s South Carolina service area. Established as a limited liability company by Duke Energy in 2004, AdvanceSC is funded with profits from the company\'s BPM program and is managed by a board of Upstate SC leaders. The fund administrator is Wachovia Charitable Services, Greenville, S.C.

The board of directors makes all grant decisions and awards funds to the following types of organizations:
• high school, technical and community colleges and university programs that support manufacturing or economic development;
• economic development programs via existing partnerships, chambers of commerce and economic development organizations to attract new or expanding industries;
• existing industrial customers to increase productivity, reliability, cost control, efficiency or to positively impact the environment.

Grant applications and information about AdvanceSC are available on the Internet at www.advancesc.org.

The University of South Carolina Upstate is a coeducational metropolitan institution located in Spartanburg along the thriving economic I-85 corridor between Atlanta and Charlotte. As a senior comprehensive public institution of the University of South Carolina, USC Upstate offers degree programs in the liberal arts and sciences, business administration, nursing and teacher education, as well as master’s degrees in education.

Among the fastest growing university in South Carolina, USC Upstate offers two campuses – the 280-acre residential campus in Spartanburg and the Greenville campus for commuting junior and senior level students. USC Upstate is home to 4,600 students from 38 states and 71 nations, offering challenging academic courses, small class sizes, a diverse student body and dynamic campus life.

The USC Upstate School of Business Administration and Economics is one of 41 institutions worldwide with undergraduate only programs accredited by the Association to Advance Collegiate Schools of Business. Students choose from five concentrations – accounting, economics/finance, business administration, management and marketing – to gain a competitive edge in today and tomorrow’s global job market.

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