Lancaster County Council Meeting Agenda April 28 2025
Special Source Revenue Credit Agreement with Project Block Approved
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Description
Lancaster County Council approved a Special Source Revenue Credit Agreement with Project Block, a global company, committing to at least $15M investment and 20 full-time jobs. The agreement grants property tax incentives for up to 20 years, aimed at supporting economic development and job creation.
Contract Details
Contract Amount
At least $15,000,000 investment and 20 new full-time jobs
Vendor
PROJECT BLOCK
Agency
Lancaster County, SC
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2025
Contract Term
FILOT/SSRC I: 20 consecutive tax years (2025–2044); SSRC II: 5 consecutive tax years (2025–2029)
Renewal Date
2045-01-15
Renewal Info
FILOT incentive and SSRC terms run through up to 2044 based on compliance. Termination triggers and annual reporting affect continuation.
More from PROJECT BLOCK
Related Contracts
lancaster-county-agenda-item-summary-for-ordinance-2025-1951_9dd.pdf
approvedlancaster-county-agenda-item-summary-for-ordinance-2025-1951_831.pdf
approvedlancaster-county-meeting-minutes-2025-03-24_add.pdf
approvedlancaster-county-council-meeting-minutes-march-24-2025_73c.pdf
approvedlancaster-county-council-agenda-march-24-2025_30a.pdf
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