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Sumter County approves tax‑incentive agreement for Project Ignis (SEM Wafertech) totaling hundreds of millions in reported investment
Summary
Council unanimously adopted Ordinance 23‑985 authorizing a fee‑in‑lieu of taxes agreement and special source revenue credits for Project Ignis (SEM Wafertech and affiliates); presenters reported a total project investment of $691.9 million and an estimated 300 jobs with average wages up to $20 per hour.
Sumter County Council unanimously granted third reading to Ordinance 23‑985 on April 25, authorizing a Fee‑In‑Lieu‑of‑Ad‑Valorem‑Taxes (FILOT) agreement and Special Source Revenue Credit agreement for Project Ignis, the local name for an investment led by SEM Wafertech, Inc. and affiliated entities.
County presenter Johnathan Bryan said the project involves several investors, including SEM Wafertech, Solar4America Technology Inc. (and affiliates), and…
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