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Council passes reading for Project NAM, an economic development proposal citing $12 million investment and 50 jobs
Summary
Council moved Project NAM forward on reading; the proposed special source revenue credit agreement references a $12 million investment and at least 50 jobs and passed unanimously by those present.
Kershaw County Council advanced the reading of a special‑source revenue credit agreement for “Project NAM,” an economic development prospect the county says would represent roughly $12 million in private investment and create at least 50 jobs.
Council moved the item from reading to vote and passed the reading by unanimous voice vote of members present, with remote members also participating. Council members thanked the county economic development staff for recruiting work; County economic development staff member (present in chambers) was acknowledged for his role in the negotiation and presentation.
No financial incentive contract was finalized at the reading stage; the action advanced the special‑source revenue credit agreement language for future consideration consistent with the county’s procurement and economic development procedures. Council has previously used special source revenue credits as a financing tool to rebate a portion of project‑related sales tax receipts over a limited period to attract or support qualifying private investment.
What’s next: Staff will return with the formal agreement language and any required public‑notice or ordinance steps for final approval. The reading does not obligate county funds beyond the typical staff and legal work to draft the final agreement.
