sumter-county-council-meeting-minutes-april-11-2023_430.pdf
Sumter County Approves $65.9M Project Ignis Investment
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Description
Ordinance approved for Project Ignis, involving a $65.9 million investment in Sumter County, including $36.5 million for new equipment and machinery and $25.3 million for building renovations. The project includes a 30-year Fee-In-Lieu of Ad Valorem Taxes agreement with a 6% assessment ratio and 348.5 fixed millage.
Contract Details
Contract Amount
$65,900,000
Vendor
PROJECT IGNIS
Agency
Sumter County, SC
Contract Type
Tax Incentive
Document Date
April 11, 2023
Contract Term
30 years
Renewal Date
NA
Renewal Info
NA
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