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Unnamed company plans $31.25M investment, 174 new jobs in Spartanburg County
Herald-Journal (Spartanburg, SC)
$31.25 million and create 174 jobs in
Spartanburg County.
On Monday,
County Council agreed to the first of three approvals for tax breaks for a project dubbed Project Slapshot.
This is the sixth major economic project this year in the county. The name of the company and location will be revealed upon the third and final reading of the fee in lieu of tax agreement.
The company will receive a reduced property tax rate of 6% over 30 years. The standard rate is 10.5%.
The company will also be eligible for up to