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City manager recommends authorization for Carolina Foothills Federal Credit Union headquarters in Spartanburg; $6 million investment and about 20 jobs cited
Summary
City Manager Mr. Story presented a resolution to authorize a development agreement with Carolina Foothills Federal Credit Union to locate its corporate headquarters in Spartanburg, describing approximately 20 jobs and an estimated $6,000,000 investment; council members asked clarifying questions and a final vote was not recorded in the provided transcript.
City Manager Mr. Story presented an economic development resolution to the City Council on Jan. 12 recommending authorization to execute a development agreement with Carolina Foothills Federal Credit Union to locate its corporate headquarters in Spartanburg.
Mr. Story said the proposal would bring about 20 well‑compensated white‑collar jobs to the community and involve investment in a facility on the West Side (John B. White Boulevard) as well as construction of a new facility on the North Side (North Church Street). He described the overall investment as "collectively, about a $6,000,000 investment" and noted that the credit union has a track record of local partnership and community development work, including prior involvement with the Northside Development Group and the Power Up initiative.
During brief questions from council, a member asked for confirmation of the job count and the investment amount; Mr. Story replied that the jobs number was roughly 20 and the investment figure was about $6,000,000. Council members also asked whether the project would go through the Design Review Board; Mr. Story confirmed that DRB review would be part of the process.
The city manager recommended approval of the resolution on the council floor. In the provided portion of the transcript the presentation and clarifying Q&A are recorded, but a final vote on the resolution is not present.
