April 2009

Application to the State Infrastructure Bank (SIB) Summary Amount Requested from SIB $68,260,311 Local Match (44%) $53,373,346 Total $121,633,657

Summary

Amount Requested from SIB $68,260,311

Local Match (44%) $53,373,346

Total $121,633,657

Project Description New Exit 3 Interchange on I-95 4-Laning of Purrysburg Road from I-95 South to US 17 East-West Connector Roadway from Purrysburg Road to US 321 Intersection Improvements at US 321 / US 17 on the Northern End and at US 170 / US 17 on the Southern End

New Exit 3 Interchange on I-95

4-Laning of Purrysburg Road from I-95 South to US 17

East-West Connector Roadway from Purrysburg Road to US 321

Intersection Improvements at US 321 / US 17 on the Northern End and at US 170 / US 17 on the Southern End

Local Match Construction of Purrysburg Road (by Stratford) Initially Two Lanes Four Lanes when Needed Right of Way Donation Property at Intersections (by Jasper County / City of Hardeeville) Purrysburg Road (by Stratford) Exit 3 Interchange (by Stratford) East-West Connector Road (by Stratford)

Construction of Purrysburg Road (by Stratford)

Initially Two Lanes

Four Lanes when Needed

Right of Way Donation

Property at Intersections (by Jasper County / City of Hardeeville)

Purrysburg Road (by Stratford)

Exit 3 Interchange (by Stratford)

East-West Connector Road (by Stratford)

Job Creation & Economic Growth of the Jasper County / Hardeeville SIB Application

Jasper County Unemployment January ’08 5.0% February ’08 4.8% March ’08 4.6% April ’08 4.7% May ’08 5.0% June ’08 5.7% July ’ 08 6.5% August ’ 08 6.5% September ’08 6.2% October ’ 08 6.9% November ’ 08 7.1% December ’08 8.3% January ’09 10.1%

January ’08 5.0%

February ’08 4.8%

March ’08 4.6%

April ’08 4.7%

May ’08 5.0%

June ’08 5.7%

July ’ 08 6.5%

August ’ 08 6.5%

September ’08 6.2%

October ’ 08 6.9%

November ’ 08 7.1%

December ’08 8.3%

January ’09 10.1%

Jasper County Issues Population in 2008 estimated at 23,205 One of the 6 most disadvantaged counties in South Carolina 22 percent of population lives below poverty level. 56 percent of the work force must travel outside of Jasper County to obtain work.

Population in 2008 estimated at 23,205

One of the 6 most disadvantaged counties in South Carolina

22 percent of population lives below poverty level.

56 percent of the work force must travel outside of Jasper County to obtain work.

Estimates at Buildout Current Jasper County Labor Force 10,669 Total Job Creation 28,044 2007 Jasper County Total Wages $266 Million Estimated New Wages (Regionwide) $956 Million Current Property / Improvement Value $113 Million Estimated New Capital Investment $7.1 Billion

Current Jasper County Labor Force 10,669

Total Job Creation 28,044

2007 Jasper County Total Wages $266 Million

Estimated New Wages (Regionwide) $956 Million

Current Property / Improvement Value $113 Million

Estimated New Capital Investment $7.1 Billion

Jasper County Cumulative Job Creation Source of Economic Impact Year 5 Year 10 Year 30 Road Construction 1,290 0 0 Commercial, Industrial, & Residential Development Construction 953 2,150 3,514 Ongoing / Permanent 1,580 6,044 24,530 Grand Total Job Creation 3,823 8,194 28,044

MIXED USED VILLAGE NEIGHBORHOOD COMMERCIAL 127 AC SCHOOL SITES 78 AC RESIDENTIAL 1,838 AC COMMERCIAL VILLAGE CORPORATE DISTRIBUTION 161 AC HIGHWAY COMMERCIAL 274 AC MIXED USE 505 AC BUSINESS PARK DISTRIBUTION/WAREHOUSE 1,273 AC CIVIC (FIRE/POLICE/EMS) 5 AC RIVERPORT Hardeeville, South Carolina

MIXED USED VILLAGE

NEIGHBORHOOD COMMERCIAL 127 AC

SCHOOL SITES 78 AC

RESIDENTIAL 1,838 AC

COMMERCIAL VILLAGE

CORPORATE DISTRIBUTION 161 AC

HIGHWAY COMMERCIAL 274 AC

MIXED USE 505 AC

BUSINESS PARK

DISTRIBUTION/WAREHOUSE 1,273 AC

CIVIC (FIRE/POLICE/EMS) 5 AC

I-95, EXIT 3 is a Recommended Roadway Improvement to Serve Industrial, Warehousing, and Business Park Facilities

Conclusion I-95, EXIT 3 is a Great Investment for South Carolina

I-95, EXIT 3

is a Great Investment

for South Carolina