Lexington County approves tax agreement for Project Aqua investment and job creation

A major economic development initiative took center stage at the Lexington County Council meeting on February 25, 2025, as officials discussed a significant investment agreement with All Tape Adhesive Manufacturing. The proposed ordinance, known as Project Aqua, aims to secure a $70 million investment and create 30 new jobs in the county.

During the meeting, representatives highlighted the execution of a fee in lieu of ad valorem taxes and special source revenue credit agreement. This agreement is designed to incentivize the company’s establishment in the Saxe Agatha Industrial Park, including the sale of Lot 9 for their operations. John Wall from Burn Foreman, who has been working closely with Project Aqua, expressed enthusiasm for the project, emphasizing its potential benefits for the local economy.

The council opened a public hearing to gather comments from community members regarding the agreement. However, no electronic comments were recorded, and only one individual, Dan Hagen, spoke in favor of the project. Hagen, who was recovering from a vocal strain after cheering for his daughter’s wrestling victory, voiced his support for the initiative.

The council's decision on the ordinance is anticipated to have a positive impact on Lexington County’s economic landscape, with officials optimistic about the job creation and investment it promises. As discussions continue, the community remains engaged in the potential changes this project could bring.