3 new projects, $ 62.7 M investment, 332 jobs announced at Spartanburg SC
Three new economic development projects totaling $ 62.7 million in investment and 332 new jobs were announced Monday by Spartanburg County Council.
The Board unanimously approved the first readings of the tax breaks for public limited companies, whose identity and location will be revealed by the third and final reading.
The biggest project is Spider, a $ 40.5 million project promising 197 new jobs for a property tax rate reduced by 6% for 30 years, according to the agreement. The standard tax rate is 10.5%.
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Project Carpet is a planned investment of $ 12.5 million with 103 new jobs.
The Otto project is a $ 9.7 million project with 32 new jobs.
‘Hold on to your seats’
As of January, Spartanburg County has announced a total of $ 851 million in projects involving new or expanding businesses and 3,098 new jobs, according to County Councilor David Britt, chairman of the economic development committee.
This exceeds the 2015-2017 annual totals, which averaged $ 850 million and 1,850 new jobs; and 2018-20, which averaged $ 400 million and 450 new jobs per year, Britt said.
“It’s amazing what we’ve done in 137 days this year,” said Britt. “We are at the head of the state and the Southeast in terms of economic development. We have just started, so keep your seats.”
Council also agreed to propose tax breaks for six other projects totaling $ 309,949,358 in investment and 1,551 new jobs.
The largest is the Black Bull project, with a planned investment of $ 155 million and 1,078 new jobs.
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In the meantime, the third and final reading of tax breaks has been approved for:
► Project Slapshot, revealed as Magna Mirrors of America Inc., 1150 S. Dantzler Road, $ 31.25 million investment and 174 jobs.
► Project Spartan, previously revealed as TTI Floor Care North America with Royal Appliance Manufacturing Company, 578 Robinson Road, Greer, $ 93 million investment and 134 jobs.
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A second reading of tax breaks was approved for:
► Project Wiper, revealed as Contec Inc., 5670 N. Blackstock Road, Spartanburg, $ 5.1 million investment and 139 jobs.
► Project Saber, revealed as Inman Mills, 15990 Highway 221, Enoree, $ 15.5 million investment and 126 jobs.
► Project Skywalker, revealed as Exeter Pigeon Haven Land LLC, 1983 Pigeon Haven Road, Duncan, $ 10 million investment, no jobs.
In a public hearing on the Contec deal, resident Mike Behnke spoke out against the tax breaks, saying it was not fair to give some companies a 6% rate when most of other existing companies pay 10.5%.
Behnke said every company should benefit from the lower 6% rate.
“It is high time that we put an end to this practice,” he said. “Now that we have a solid economic base, are there enough citizens in Spartanburg County to fill these positions?”
County Councilor David Britt has previously said he supports a reduced rate for all businesses, but it would be up to the state legislature to change the law.
The Fees in Lieu of Taxes (FILOT) law was passed about three decades ago as an economic tool to recruit new businesses at a time when textile factories were closing or leaving.
Contact Bob Montgomery at [email protected]