Florence County officials aren’t ready to reveal the identity of the company associated with “Project Mimosa,” which will bring $20 million investment and 29 new jobs to the county.
The County Council passed on first reading an ordinance to expand Florence-Williamsburg County Industrial Park at its July 20 meeting. The park will be home to the “Project Mimosa” company.
Williamsburg County Council also has approved the industrial park’s expansion.
A fee-in-lieu of taxes agreement for Project Mimosa was approved on second reading at the meeting. The resolution guarantees the county will refund 35 percent of the property taxes to the company for 10 years.
The money can be used only for infrastructure improvements needed by the company, improvements to the site location and personal property used by the company, according to the resolution.
Florence County is expected to consider the fee in lieu of taxes agreement for third and final reading at its Aug. 17 meeting.
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