Navigating the Intricate World of Economic Investment: A Deep Dive into Government's Role with SC State Rep. Jordan Pace

More Than Medicine

Navigate the complex world of economic investment with us as we invite State Legislator Jordan Pace onto the show. We promise that by the end of this episode you'll have a new perspective on how business and government intersect, and just how influential their workings can be on a state’s economy.
We kickstart the conversation with an exploration of economic investment in South Carolina, discussing the good, the bad, and the controversial. As we journey through BMW and Boeing's success stories, we uncover the persuasive power of tax breaks and incentives. But it's not all a walk in the park, as we discuss companies that failed to meet their obligations, leaving us to question the current need for cash incentives. We then turn our attention to the hotly-debated $1.3 billion deal with Scout Motors, scrutinizing the rapid negotiations, the executive branch's role, and the new state funding source - the contingency fund. Our conversation doesn't stop there, we also dig into the challenges of the electric vehicle market, legislative concerns, and how these factors come into play with government subsidies. So buckle up and join us as we traverse the fascinating landscape of economic investment.

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Chapters

1. Economic Investment and Controversy (00:00:04)

2. Rapid Economic Development Project Discussion (00:09:43)

3. Electric Vehicle Production and Legislative Concerns (00:18:54)