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Agreementapproved

lancaster-county-meeting-minutes-2025-03-24_add.pdf

Lancaster County approves investment deal with Project Block

$21,000,000Lancaster CountyPROJECT BLOCKMarch 24, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Lancaster County commits to a Special Source Revenue Credit Agreement with Project Block, involving a $21 million investment and 30 new jobs over five years. The agreement offers incentives of 25% for the project's duration. Expected tax collection will amount to approximately $1.2-1.3M.

Contract Details

Contract Amount

$21,000,000

Vendor

PROJECT BLOCK

Agency

Lancaster County, SC

Contract Type

Agreement

Document Date

March 24, 2025

Contract Term

5 years

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