FINANCIAL_SERVICESAPPROVED

Jasper County Awards Financial Services Contract to Palmetto Plastics Innovations Llc (December 2025)

Jasper County Council approved a 10-year Special Source Revenue Credit Agreement with Palmetto Plastics Innovations LLC (Project Pilgrimage), granting tax incentives for a $7 million investment and creation of at least 10 new jobs. This involves 25% credits for the first five years and 10% for the next five years, contingent upon investment and new job creation.

Status
APPROVED
Document date
December 15, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Palmetto Plastics Innovations Llc
Agency
Jasper County · SC

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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

Scope & details

The full contract record, as filed.

Contract amount
Special source revenue credits: 25% for years 1-5, 10% for years 6-10, on $7,000,000 investment, tax abatement specified in agreement; minimum 10 new jobs
Contract type
FINANCIAL_SERVICES
Contract term
10 years (SSRC credit period)
Renewal date
2035-12-31
Renewal
Subject to claw-back provisions; 10-year term commences after Real Property is placed in service, with possible reduction of credits if investment/jobs are not met. Certification due by December 31, 2031.
Document type
Agenda
Source document
jasper_county_council_meeting_agenda_december_2025.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Jasper County?

Palmetto Plastics Innovations Llc was awarded this financial services contract by Jasper County, as recorded on December 15, 2025. The contract value is Special source revenue credits: 25% for years 1-5, 10% for years 6-10, on $7,000,000 investment, tax abatement specified in agreement; minimum 10 new jobs.

How much is the Palmetto Plastics Innovations Llc contract with Jasper County worth?

The Palmetto Plastics Innovations Llc contract with Jasper County is valued at Special source revenue credits: 25% for years 1-5, 10% for years 6-10, on $7,000,000 investment, tax abatement specified in agreement; minimum 10 new jobs, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in jasper_county_council_meeting_agenda_december_2025.pdf (Agenda), dated December 15, 2025 from Jasper County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Palmetto Plastics Innovations Llc hold?

Palmetto Plastics Innovations Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Palmetto Plastics Innovations Llc's profile

What is Jasper County currently buying?

Explore Jasper County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Jasper County's profile

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