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York, Cherokee OK multi-county industrial park to help recruit new business

Posted By Andrew Kiel On December 3, 2012 @ 10:32 PM In State & Local News | Comments Disabled

Economic development officials in Cherokee County are apparently working on recruiting a new business to the upstate, and Monday night, York County Council took second-fiddle on a plan to help recruit the new project.

York County Economic Development Director Mark Farris says while York County has no role in helping recruit the county business, the county agreeing to share ‘multi-county industrial park’ status means York County will get a share of the property taxes Cherokee would collect should the business set up shop.

[Audio clip: view full post to listen]

Farris says this particular arrangement is unique in that York County is not contributing any assets towards the industrial park. He says most of the time, projects like these are with Chester County.

[Audio clip: view full post to listen]

State law allows for counties to join together on projects like this which raises the value of a per-job tax credit of $1,000 per job.


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