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Council approves Project Micro placement in multi-county industrial park and special-source revenue credit
Summary
Beaufort County Council voted to place land for Project Micro into a multi-county industrial park and approve a 20-year special source revenue credit (SSRC) to support the company’s planned $7.1 million investment and 42 jobs.
Beaufort County Council approved two related ordinances on Jan. 13 to help bring Project Micro, a manufacturing operation, to the county: placing the project'site into an existing multi-county industrial park (MCIP) and entering a special source revenue credit (SSRC) agreement to lower the project's tax liability under state law.
John O'Toole, a county economic development staff member, told council the company plans roughly $7.1 million in capital investment and to create 42 jobs with an…
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