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Lexington County council approves fee‑in‑lieu for Technoblock project; company pledges $45 million investment, 46 jobs
Summary
On second reading the Lexington County Council approved Ordinance 24‑09 to execute a fee‑in‑lieu and special source revenue credit agreement with Technoblock Corp, a private company proposing a $45 million capital investment and creation of 46 jobs in the county.
Lexington County Council on April 2025 approved Ordinance 24‑09, authorizing a fee‑in‑lieu of ad valorem taxes and special source revenue credits for Technoblock Corp, a private company the county previously identified as “Project Terrace.” The vote followed a public hearing at which county staff outlined the deal and company representatives described the planned investment.
Mister Dunning, a county staff presenter, told the council the project…
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