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Council approves inducement resolution supporting Echelon 'Horizon' project
Summary
Marlboro County unanimously approved Inducement Resolution 12241 to identify the Echelon 'Horizon' project for potential FILOT eligibility and related economic development incentives.
Council introduced and approved Inducement Resolution No. 12241, which identifies a project sponsored by Echelon DC Benfield LLC (project Horizon) to satisfy statutory requirements so that certain investment expenditures may qualify for fee‑in‑lieu tax treatment and incentive agreements. The motion to approve the inducement resolution was made, seconded and recorded as unanimous by show of hands.
The resolution explicitly ties project qualification to South Carolina Code requirements and authorizes staff to proceed with next steps related to incentive eligibility and agreement drafting. No fiscal or incentive amounts were read into the record during the motion; council characterized the resolution as a procedural step in facilitating potential private investment.
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