Horry Council delays action on incentives for potential new employer

sjones@thesunnews.comMay 21, 2013 

— The Horry County Council removed from its agenda Tuesday night an item to give incentives to a company that could provide 108 jobs because the company wants to renegotiate the deal, Council Chairman Mark Lazarus said before the meeting.

The agreement on the agenda focused on incentives for the company to move into a shell building in the Cool Springs Business Park near Aynor.

The county would have given the company a fee in lieu of taxes for its personal property, which mainly includes the equipment the manufacturer would move into the facility.

Doug Wendel, chairman of the Myrtle Beach Regional Economic Development Corp. board said he had no comment about the renegotiation.

Lazarus didn’t say when the issue may return to the Council agenda, but added that he doubted it would be discussed after an executive session planned at the end of Tuesday’s meeting.

The industry, identified only as Project Valentine in county documents, would hire 108 employees, 35 by June 30, 2015 and 70 by June 30, 2016 at an average wage of $16.79 per hour.

The documents provide for the county to lease the shell building to the industry at $300,000 a year for five years and $1 a year thereafter. If the agreement is approved, the company would invest at least $4,245,000 in the property by June 30, 2017.

The document also allows the EDC to give the company $162,000 from its closing fund as a further enticement for it to move into the building.

The money from the first five years of the building’s use would pay Santee Cooper to upgrade the building so it will suit the company’s needs.

The project is one of three that recently have begun their progress through the County Council for consideration of incentives.

One likely is a Connecticut gun manufacturer that recently confirmed it is considering Horry County as its new home. If it does, it will be the second company headquarters to locate in the county within the last year.

The other is paper laminates producer BauschLinnemann, now building its new facility near the Myrtle Beach International Airport.

The agreement would allow either the county or the company to delay their commitments in the case of strikes, boycotts, labor disputes, shortages of materials, acts of God or other things.

Contact STEVE JONES at 444-1765.

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