By Copper Dome Strategies

Friday, Oct. 16, 2020

With no plans for the General Assembly to return to Columbia, this will be the final weekly report until after November’s general elections. We will keep you apprised should there be any legislative activity.

The Board of Economic Advisors met on Thursday to discuss economic trends.

The SC Department of Administration announced it will soon begin receiving applications for the “Minority and Small Business Relief Grant Program,” which has $40 million in funds to distribute. Grant awards will range from $2,500 to $25,000.

accelerateSC is a one-stop website to help businesses and citizens connect to important information during this crisis.


The State Board of Economic Advisors (BEA) met on Thursday but did not adjust the state budget revenue estimate.

Revenue and Fiscal Affairs Director Frank Rainwater began the meeting with good news that revenue collected is $124 million above the estimate. Our economy is rebounding faster than expected, the unemployment rate has been cut in half since the start of the pandemic and personal income continues to grow. Employment has recovered but stabilized at lower rates. The leisure and hospitality industry, however, remains a concern. Rainwater noted that moving forward much of the revenue forecast depends on assumptions regarding the degree and duration of the pandemic.

Following the BEA meeting, the BEA Regional Advisory Committee met. Economists from the Federal Reserve Bank of Richmond, Wells Fargo Securities, The Citadel, College of Charleston and the University of South Carolina gave an overview of their forecasts for FY 20-21 and FY 21-22. There was consensus among the economists that while there uncertainty remains, economic growth will be faster than average in 2021, returning to normal growth by the end of the year. They remain concerned about the federal debt and the effects it will have on the economy in the future.

The BEA is statutorily charged to provide the General Assembly with the official revenue estimate for lawmakers to draft the annual state budget. The group will meet again Nov. 10 when members will provide the General Assembly with its official revenue estimate for FY 21-22. Handouts from the meeting can be found here.


The SC Department of Administration announced it will soon begin receiving applications for the “Minority and Small Business Relief Grant Program.” This state program was created by the General Assembly as part of Phase II CARES Act allocations. Grant awards will range from $2,500 to $25,000.

To be considered for a grant, businesses must meet the following criteria:

  • Employ 25 or fewer employees
  • Be physically located in SC
  • Have been in operation from Oct. 13, 2019, to present
  • Experienced a business impact due to COVID-19

There are addition rules for nonprofits to apply. For more information on applying for a grant, click here.


State Superintendent of Education Molly Spearman announced on Tuesday that the SC Department of Education (DOE) is providing more than $33 million in additional funding for personal protective equipment (PPE) and supplies for all 81 public school districts. Spearman said she has sent $43 million of protective equipment to more than 1,300 schools and has fulfilled every request made. The additional funds will support efforts to maintain and return to face-to-face instruction.

Other helpful links:

COVID-19 Screening & Testing Sites

The Emergency Management Division provides links to important information, including the SC Department on Aging, SC Childcare, the SC Department of Employment and Workforce, the Department of Revenue and the SC Department of Insurance.

South Carolina Department of Commerce for small business information and assistance.

For additional resources that may be beneficial to your organization’s recovery efforts, visit Haynsworth Sinkler Boyd’s COVID-19 Resources page (Copper Dome Strategies is a subsidiary of HSB).

South Carolina Health Alert Network

South Carolina COVID-19 Emergency Supply Sourcing & Manufacturing


The General Assembly has no plans to return to Columbia.

We will keep you apprised of any legislative activity.


Thank you for following SCACPA’s ‘The View from the Dome’ for State House Developments on Tax Issues Through SC’s 2020 Legislative Session. Here is a review of our weekly updates in 2020.

Jan. 10: South Carolina’s Pending Tax Bills and Your 2020 Legislative Preview

Jan. 17: Gov. McMaster’s Executive Budget Calls for Tax Cuts, Rebates for Taxpayers

Jan. 24: McMaster’s State of the State Emphasizes Tax Cuts, Rebates, Teacher Raises; Business License Tax Talks Continue

Jan. 31: House Subcommittee Hears Budget Request from SC Chief Justice to Improve Case Management System

Feb. 7: Senate Finance Committee Approves Business Personal Property Bill for DOR Filing

Feb. 14: Board of Economic Advisors Announces Largest Budget Surplus in SC History

Feb. 21: House Floor Debate is Up Next for Budget After Ways and Means Committee Plan Adopted

Feb. 28: House Members Have Upcoming Week to Study Budget Before Floor Debate

March 6: Education Reform Bill Moves from Senate to House; DHEC Tells of Coronavirus Resources

March 13: Senate Bills Make Progress for Conformity, Business Personal Property and Business License Tax Reform

March 20: A Look Inside the $45M COVID-19 Relief Package for DHEC; Return of Legislators is on Hold

March 27: Legislative Session Remains Postponed; Candidate Filing Period Ends on March 30

April 3: General Assembly Will Convene for One Day on April 8; State Elections Leader Suggests List of Voting Adjustments

April 10: Here are Details of General Assembly’s Unresolved Continuing Resolution Situation for State Operations Budget

April 17: McMaster Announces ‘Accelerate South Carolina’ Revitalization Plan, Details to Come

April 24: accelerateSC Revitalization Task Force Goes to Work

May 1: General Assembly Set to Return to State House on May 12

May 8: Gov. McMaster Announces that Indoor Dining in SC Can Resume on May 11

May 15: General Assembly Passes Continuing Resolution for State Budget; Close-Contact Businesses Can Resume Monday, May 18

May 22: Restrictions Lift on Tourist Attractions on May 22, but Extended State of Emergency Remains until May 27

May 29: Gov. McMaster Will Now Review accelerateSC Committee’s Final Recommendations

June 5: House COVID-19 Liability Protection Committee Weighs Burdens of Potential Lawsuits for Struggling Businesses

June 12: Gov. McMaster Recommends Disbursal of $1.9B Coronavirus Relief Fund in Two Phases

June 19: Senate Finance Committee’s Plan for CARES Act Funds Includes $500M for Unemployment Trust Fund

June 26: $1.2B in Federal CARES Act Funding is Authorized

July 10: accelerateED Task Force Offers its Guidance for 2020-21 School Year

July 31: Board of Economic Advisors Anticipates SC’s 2019-20 Surplus as $220M

Aug. 7: Legislative Committees Discuss Regulatory Relief, Broadband Access and Testing Efforts

Aug. 14: Joint Bond Review Committee Approves Highway Projects, Seeks More Funds for Rural Broadband

Aug. 21: Gov. McMaster Urges Cabinet Agencies to Maintain Funding Levels from Continuing Resolution For Now

Aug. 28: Comptroller’s Office Announces $350M Surplus for FY 2019-20

Sept. 4: Latest BEA Projection is $775M in One-Time Surplus Revenue

Sept. 11: Senate Finance Committee Passes Version of FY20-21 Budget, OKs $420M from CARES Act for Unemployment Insurance Trust Fund

Sept. 18: Conference Committee Named to Resolve Remaining CARES Act Funding for Local Governments, Colleges, Nonprofits

Sept. 25: General Assembly Adopts Tax Conformity Legislation, Awaits Governor’s Signature

Oct. 2: McMaster Signs Bills for Conformity, Business License Tax Standardization into Law

Oct. 9: $10M in CARES Money Remains to be Committed to Expand Broadband

To keep up with the latest news of SCACPA Advocacy, turn to the SCACPA Blog and our social media outlets.