With hopes of luring in a new agricultural company to the town, the Georgetown County Council has approved a tax incentive. The Georgetown County Council approved the lowest possible tax break for an unidentified agricultural company. If the company agreed to locate its plant in Georgetown it would bring in about 500 new jobs and invest about $200 million.
The Sun News of Myrtle Beach reports the incentive lowers the taxes for the manufacturing equipment from 10.5 percent to 6 percent. The county’s economic development team says they know the company has its eye on some other locations in the country, but they want to do everything they can to lure the company to Georgetown.