South Carolina Research Authority (SCRA) is pleased to announce a new Industry Partnership Fund (IPF) Diamond-level Contributor, Evening Post Industries (EPI).

Contributions to SCRA’s IPF provide individuals and corporations with the opportunity to fuel South Carolina’s innovation economy while fulfilling their state tax obligations. SCRA uses the funding to support entrepreneurs, academia and industry. Last year, IPF contributions funded over $5 million in technology-related grants and investments.

In addition to meeting state tax obligations, corporate contributors may also be entitled to a deduction against federal income taxes as a business expense, as well as additional benefits depending on level of contribution. EPI’s $250,000 contribution qualifies the company as a Diamond-level contributor with benefits that include a named grant, innovation management services, SCRA Advisory Board membership, Resource Partner Network membership, plus opportunities at events and other recognitions.

EPI began its newspaper operations in 1896 and has gradually diversified its holdings since then. The company’s portfolio includes The Post and Courier, Heart of Hospice, EPI Health, Clear Night Group, Modern Climate, EPI Real Estate, Harborwalk Marina, King & Columbus, White Oak Forestry and additional publications located throughout the state.

“EPI’s investment in the IPF signals them as a leader supporting high-tech economic development in South Carolina,” said SCRA Director of Finance and Administration John Sircy.

Said EPI Senior Vice President and Chief Financial Officer Joe Waring, “We understand the importance of supporting innovation in South Carolina. Our investment is not in SCRA, but in supporting SCRA’s work in helping early-stage businesses grow and create jobs. Our investment is in the future of South Carolina.”