A mysterious company operating under the code name “Project Palmetto Rock” could soon become the largest economic development investment in York County history.
According to the agenda for York County Council’s June 15 meeting, the project involves a global biopharmaceutical company planning to build a corporate headquarters and heavy industrial manufacturing facility with an estimated $1.5 billion investment and more than 1,200 new high-wage jobs. On April 28th, we reported on Rock Hill’s sale of 50 acres to the mysterious “Project Palmetto Rock”.
York County Council is being asked to approve a Fee-in-Lieu of Tax agreement and other incentives for the project, including special source revenue credits designed to help attract the investment. Council will also consider authorizing staff to apply for a $65 million grant from the South Carolina Coordinating Council for Economic Development, for site preparation, road improvements, and construction-related costs…