COLUMBIA, SC (WIS) - Vice President Mike Pence will be in Columbia on Thursday, according to Senator Tim Scott’s office.
Sen. Scott and the vice president will tour opportunity zones, a federal tax incentive that investors can get if they invest in struggling or distressed communities.
Senator Scott spoke at the governor's opportunity zone conference last month and said he believes the investment in the initiative can help enrich underprivileged communities.
Certain areas of West Columbia and Dentsville are deemed opportunity zones.
They will tour one of South Carolina’s Opportunity Zones in Columbia, the newly opened movie theatre, Spotlight Cinemas, on Columbia Mall Boulevard.
Opportunity Zones are designated areas where investors are offered federal tax incentives to setup shop in underprivileged communities providing jobs and economic growth.
Spotlight Cinemas opened earlier this year as part of that program.
Senator Scott has been one of the main forces behind bringing Opportunity Zones to the Palmetto State. He says these will help to enrich distressed communities, especially in rural and urban parts of the state, by generating more revenue for those areas and bringing in new jobs. That's what the senator is expected to show VP Pence during Thursday's tour of Spotlight Cinemas.
The new movie theatre is part of the Meeting Place Church of Greater Columbia’s 23-acre property and replaces a movie theatre once located in the area before, offering affordable ticket prices in a clean and comfortable environment.
At a recent press conference, Senator Scott said this new opportunity will bring even more to the area.
“For folks who grew up, or today, are growing up in distressed communities, this means the opportunities for development, for businesses are now descending upon their communities. As opposed to them having to go find it, it’s coming to them,” Scott said.
Governor Henry McMaster has said there will eventually be 135 Opportunity Zones in the state, at least one in each of the 46 counties.
Vice President Mike Pence is expected to arrive in the Capital City around 11 a.m. Thursday. Keep that in mind if you’re traveling near the airport. The Cayce Department of Public Safety is asking that drivers avoid the area until 3 p.m.