Source: 'Project Unicorn' bringing major manufacturer to North Charleston

NORTH CHARLESTON, SC (WCSC) - A project being called "Boeing-esque" is only days away from being announced in North Charleston, and sources say it will be an economic game changer for the Charleston area.

County officials are currently calling it "Project Unicorn," but Live 5 News is being told, in the first week of March, the code name will be dropped and the name of the major manufacturer will be revealed.

According to our sources, the well known quality business will bring high paying jobs, and will employ more than one thousand people. The project will invest hundreds of millions of dollars in North Charleston, sources have said.

Sources say it is a company that "would make our citizens proud," and the decision to choose the Lowcountry is an indicator that people want to work and live in the Charleston Area.

State, county and North Charleston officials have quietly been negotiating this lucrative project over the last six to eight months. Final negotiations, Live 5 News is told, kicked into high gear in mid-December. Last week, Charleston County Council approved a financial incentive package for the unnamed company, for an undisclosed amount of money.

According to council, it is a standard package for a company of similar size, and includes tax breaks, and use of an industrial park.

Copyright 2015 WCSC. All rights reserved.