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Newberry OKs tax exemption and impact‑fee mitigation as city prepares AgTech Park announcement
Summary
Commissioners approved a second‑reading tax exemption ordinance and an impact‑fee mitigation agreement to help recruit Harvest Singularity (Project Hydro), which staff says plans a roughly $40 million, 90‑job hydroponic greenhouse; a press conference announcing the anchor tenant is scheduled.
The City of Newberry voted this week to finalize incentives aimed at attracting an AgTech company the city identified as Harvest Singularity (also referred to as Project Hydro).
On second reading the commission adopted Ordinance 25‑73 granting an economic development ad valorem tax exemption for Project Hydro. Separately, staff presented and the commission authorized a draft economic‑development impact‑fee mitigation agreement under which the…
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