H5471, a slush fund, in Columbia to lure biz to SC

What this episode covers

00:01 Yeah, you did it. Good job. Now, maybe, maybe some of you are like, Charlie, hold on. I missed all that yesterday. What was H5471? They wanted to, in Columbia, they wanted to do this. um It was a slush fund. That's literally all it was. It was just one big slush fund that they were going to put money in to try to lure businesses to um bring their um 00:31 corporate headquarters here. 00:34 So let me read to you, H-51s, was put up there by Bannister. A bill to amend the South Carolina Code of Laws by adding Section 13.1.1790. So it's to create the South Carolina Headquarters Relocation and Growth Fund to provide grants for qualifying businesses that establish or expand certain headquarters in the state. Wow. Certain. 01:04 qualifying businesses as is a qualifier grants to qualifying businesses that establish or expand certain headquarters in the state not all headquarters just certain headquarters, so who would Have made the decision on which of these corporate headquarters would get these grants well the heads of all the commissions in South Carolina They would have been the ones that made that decision So who so if you really wanted to look at it at a great way 01:35 for unbelievable corruption and bag scratching. 01:44 This would have been great. Hey, Uncle Bob. Yeah, yeah, yeah. Hey, you know how you got that company? Yeah, why don't you put one of your headquarters here in South Carolina? We'll give you a grant. Yeah, that's good. Yeah, no, all I need is, no, no, all I want to do is be on the board of directors. That's all I want. Paid, yeah, yeah, paid. Of course, paid. But we'll offset that with the money that you're going to get. You see how that works? 02:12 And if you don't think that's the way Columbia does work on a daily basis, you are sadly mistaken. 02:21 This thing was just, oh, oh, oh, and the best part is not only would they give them the money, the grant to move their offices here, certain headquarters here, then all of the other tax incentives would have kicked in. So not only would they pay them to come here initially, then they would pay him, pay them to be here. 02:50 just like they did with Scout Motors. 02:53 And let me tell you something, what you guys did, and all this show was, was a conduit. We brought you the information. You were the guys that acted on it. Thank you so much. We had several people call Neil Collins. They were like, I don't know anything about it. And that's the thing, a lot of these people didn't know anything about this. So you guys got on the phone and you called your representatives and you know what happens? 03:23 daylight, sunshine got shown on Columbia. And if there's one thing Columbia absolutely hates, it's sunshine and daylight. They can't stand operating in the light. Oh, they hate it. They would rather sneak around and make their shady little deals behind your back. 03:53 then actually be forthcoming and open about this stuff. 03:59 Now remember 04:03 No bill gets introduced in Columbia just because. 04:11 No bill's like, hey, I got an idea. Why we do this? This would make sense. I got an idea. Let's do this. 04:19 No, it would be like, hey, I was talking to somebody yesterday and they said they would move their corporation here, but they want some money to come here. How can we create a commission to give grants to these companies, yada, yada, yada, blah, blah, blah? That's how Columbia works and it's dirty as hell. It is dirty as hell. 04:45 the way they operate. So good for you. Good for you. I have to applaud you. You have done absolutely fantastic. That was a very big, big deal today. This morning, actually, because they were talking about 11 o'clock in the morning. so, all right, hold on. So this bill was introduced. I don't even know when it was introduced to the General Assembly. I don't have that information, but it was introduced and it went to the subcommittee. 05:15 And that's where it failed. Okay, hold on. How long ha ...

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