Horry County planning to offer 'economic incentives' to company locating in Loris area
The Sun News
5 hrs ago
J. Dale Shoemaker, The Sun News (Myrtle Beach, S.C.)
Jul. 14—Horry County leaders are preparing to offer "economic incentives" to a yet-unnamed company which could locate in the Loris area.
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Many details of the incentive package are not yet available, and county leaders declined this week to reveal what incentives the county is offering to the company, the name of the company, or what economic impact, including the number of new jobs, the company locating here could bring.
But Tuesday night, at the end of the Horry County Council's regular meeting, council members voted 11-0 to approve an "economic incentive package" for an unnamed company, part of an effort the county is calling "Project Llama." Such incentive packages offered to private companies by local governments often include tax or fee reductions or deferrals and may sometimes include other pledges to the company by the government, like a promise to build certain infrastructure before a company begins operations.