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County approves FILOT for 'Project Inspiration,' company expected to create about 40 jobs
Summary
Council gave third reading to a fee-in-lieu-of-tax ordinance to include additional Bamberg County property in the Quad-County Industrial Park for an investment labeled 'Project Inspiration.' The record notes the company anticipates hiring about 40 people and staff said incentives are apportioned by county percentage.
Bamberg County Council gave third reading and approved an ordinance authorizing a fee-in-lieu-of-tax agreement and special source revenue credits for an economic development prospect described in the record as "Project Inspiration." The ordinance amends the Quad-County Industrial Park master agreement to include additional property geographically located in Bamberg County and provides for incentives across the participating counties.
The minutes record that "this company anticipates hiring 40 people." A resident, Mark Carter, asked whether the ordinance's benefits would be apportioned among the counties; the minutes state the answer was yes, that allocations are handled by percentage among the counties in the Quad-County agreement. Council recorded the third reading approval on motion by Councilman Evert Comer Jr., seconded by Councilman Larry Haynes.
