Jul
15

Williamsburg County approves multi-county business park

By

The Williamsburg County Council gave final approval Monday, July 11 for their portion of an agreement between Williamsburg and Florence counties that will create a multi-county business park.

The business park will be located and Florence and is slated to be the home of Otis Elevator, a 158-year-old company that is based in Connecticut and aims to bring 360 jobs to Florence.

Williamsburg County will make off with one percent of the revenue Florence County brings in yearly, which is allowed by a law that allows for the incorporation of tax breaks for businesses along with the sharing of revenues with poorer counties.

Although the county will not have any jobs created directly from the agreement, Williamsburg County officials say they believe the help they are receiving from Florence County will allow them to not only ride out a difficult economic time, but come out stronger.

READ MORE HERE

Be Sociable, Share!
    Categories : Florence

    Comments are closed.