Four new economic projects totaling $ 175.2 million in investment and 98 jobs were announced Monday by Spartanburg County Council.
The numbers of investments and jobs are based on fees in lieu of tax agreements between project developers and the county.
The county council has approved the first of three readings required for the tax breaks to take effect.
The projects are codenamed Wild Turkey, an investment of $ 67.9 million, 74 jobs; Chestnut, $ 37 million at least four jobs; Apple, $ 50.3 million, number of jobs unknown; and Hawkeye, $ 20 million, job number unknown.
With 78 jobs between the Wild Turkey and Chestnut projects, Britt estimated that 20 new jobs would be created between Apple and Hawkeye bringing the total to 98 new jobs.
$ 1.39 billion invested this year
Britt said the new projects bring the total investment in Spartanburg County this year to $ 1.39 billion. The 98 new jobs bring the annual total announced to 3,198 new jobs this year.
He said the total continues to build on a record amount for any year in Spartanburg County.
â€œMany thanks to all of our partners for making this possible, especially Katherine O’Neill and Carter Smith of OneSpartanburg, Inc.,â€ said Britt.
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The Hawkeye Project is the planned 136-room Fairfield Inn and Suites on St. John Street in Spartanburg.
Earlier this month, Spartanburg City Council approved tax breaks with Hawkeye Hotels for the Marriott-branded hotel, which will be built on St. John Street between the Montgomery Building and the George Dean Johnson Jr. College of Business and Economics from the University of South Carolina. .
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The deal requires the developer to invest $ 20 million and make payments in lieu of taxes for 10 years, starting with $ 70,955 in year one (2025) and ending year 10 at $ 221,760.
After that, the hotel owner will be responsible for paying the standard property tax rate.
The names and locations of the Chestnut, Wild Turkey and Apple projects will be revealed by third reading, according to Britt.
Record year:$ 368 million in new projects planned in Spartanburg County, adding to record year
In addition to allowing fees in lieu of taxes, the agreements allow businesses to pay a property tax rate of 6%, which is lower than the standard rate of 10.5%.
The Chestnut Project was first discussed by council last month when council approved county-wide mixed-use development. Mixed use allows a developer to combine residential, commercial, office and light industrial uses on a single plot.
Council members Britt and President Manning Lynch said the ordinance change was timely because the Chestnut Project is a multi-purpose project that could not move forward without the change.
Previously, multi-use projects had to be on separate plots, requiring multiple plans. Now only one plan can be submitted for the whole project.
Meanwhile, the names of several other previously announced projects were revealed on Monday during second and third reading approvals for the tax breaks.
Auria plans $ 12.5 million project
Auria Spartanburg of 1 Austrian Way and 500 Herald-Journal Boulevard, Spartanburg, codenamed Project Carpet, is planning an investment of $ 12.5 million with 103 new jobs.
Auria is a global automotive supplier that manufactures fiber-based flooring, acoustic systems and other interior products, including packing trays, trunk liners and wheel arch liners.
Its North American headquarters are in Southfield, Mich., And operates 25 manufacturing plants and 10 engineering and testing facilities in 10 countries and has nearly 5,000 employees worldwide, according to the website. ‘Auria.
About 150 people work at the Spartanburg plant, according to AutomotiveOEM Inc., which publishes a database of North American suppliers.
â–º AFL Telecommunications of 112 Hidden Lake Circle, Duncan, formerly known as Project Spider, is a planned investment of $ 40.5 million with 197 new jobs.
â–º The Cubes of Fort Prince, boulevard Fort Prince, received the code name Project Next Wave. This is a planned investment of $ 167 million, with no planned jobs, according to the tax relief agreement.
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â–º at 325 Battleground Road and 4936 Cannons Campground Road and at 276 Foster St., Cowpens, was codenamed Project Sunrise. The project is a planned investment of $ 5.14 million.
â–º Spartanburg SF RRL was codenamed Project Silver and represents a projected investment of $ 110.2 million in SC 195 and Reidville Road. No jobs are planned, according to the tax relief agreement.
â–º Fort Prince Logistics at Fort Prince Boulevard, formerly known as Project Prince, represents a $ 15.16 million investment with no jobs planned.
â–º JSD Flatwood PV-1 at Bryant Road and 415 Davis Road, Spartanburg, formerly known as Project Green-Spa 2, is a planned $ 11 million project with no planned jobs, according to the agreement. The company’s registered agent is Johnson Development Associates of Spartanburg, according to the Secretary of State’s website.
â–º SC Global Logistics of 2004 Moore Duncan Highway, formerly known as Project Anderson, is a planned $ 60 million investment with no jobs listed, according to the tax relief agreement.
Contact Bob Montgomery at [email protected]