What is Thrift Development?
Thrift Development Corporation is a family-owned, licensed general contractor headquartered in South Carolina, with a specialization in road, highway, and grading construction projects. The company has established itself as a pre-qualified prime contractor for the South Carolina, Georgia, and North Carolina Departments of Transportation. Their deep-rooted experience and commitment to quality service make them a trusted partner for infrastructure development initiatives across the region.
How much funding has Thrift Development raised?
Thrift Development has raised a total of $706K across 2 funding rounds:
Debt
$350K
Debt
$356K
Debt (2020): $350K with participation from PPP
Debt (2021): $356K led by PPP
Key Investors in Thrift Development
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Thrift Development?
The recent major strategic investment signals a period of significant growth and potential expansion for Thrift Development. This capital infusion is likely to bolster their capacity for undertaking larger-scale infrastructure projects and may facilitate further pre-qualification with additional state transportation departments. The company's focus on road, highway, and grading construction positions it to capitalize on ongoing infrastructure spending.
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