January 28, 2009

Charleston Digital Corridor to Reimburse Business License Fees for Start-Up Knowledge-Based Businesses

Charleston Digital Corridor

Charleston, SC – January 28, 2009 – In conjunction with City of Charleston's Business Stimulus Plan, the Charleston Digital Corridor Foundation has committed to the reimbursement of business license fees for start-up, knowledge-based business in the areas of computer software, life sciences and medical devices for a period of up to two years.

On January 27, 2009 in his State of the City speech, Charleston's Mayor Joseph P. Riley, Jr. announced a business stimulus plan to address the increased anxiety permeating Charleston's business community. In addition to the license fee reimbursement, the City of Charleston is committed to the creation of the Charleston Business Development Center to further stimulate the formation, development and relocation of knowledge-based businesses.

"This facility, physically and programmatically, will be modeled after the Charleston Digital Corridor and expand upon our comprehensive set of first rate business offerings," said Digital Corridor Director, Ernest Andrade.

"Challenging economic times call for proactive measures," stated Mayor Joseph P. Riley, Jr. "The momentum generated by our stimulus plan will further position Charleston as the preferred destination for knowledge-based businesses when the macroeconomic climate improves."

About the Charleston Digital Corridor
The Digital Corridor is a creative initiative to attract, nurture and promote Charleston's knowledge economy through a combination of technology enabled initiatives and business incentives, private business support and member driven programming. To learn more, visit www.charlestondigitalcorridor.com.

Media Contact:
Ernest G. Andrade