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Georgetown County offers tax break to lure firm - Live5News.com | Charleston, SC | News, Weather, Sports

Georgetown County offers tax break to lure firm

GEORGETOWN, S.C. (AP) - Georgetown County Council has approved an incentive to attract an agricultural company that officials say could invest $200 million and create 500 jobs.

The Sun News of Myrtle Beach reports the council has agreed to award the lowest possible tax assessment to the unidentified company. The incentive lowers the tax assessment on most of the manufacturing equipment for the company from 10.5% to 6%.

County economic development director Wayne Gregory says talks are continuing with the company but the it is also looking at several other locations.

Copyright 2011 The Associated Press. All rights reserved.

 

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