Anderson County Council Regular Meeting Agenda May 2026
Fee In Lieu Agreement Approved for Project Bento
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Description
Anderson County Council approved a fee in lieu of tax and special source credit agreement with Signature Foods USA LLC for Project Bento, supporting an $11.5 million investment and 202 jobs in the Piedmont community over a 34-year project term. The agreement converts standard property taxes into negotiated payments in lieu of taxes with performance-based incentives tied to job creation and capital investment.
Contract Details
Contract Amount
$11.5 million capital investment; $8.9 million annual payroll; projected $5.7 million in tax payments over 34 years
Vendor
SIGNATURE FOODS USA LLC
Agency
Anderson County, SC
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Contract Term
34-year project life; fee in lieu effective first tax year projected 2027
Renewal Info
34-year FILOT term; incentives subject to reduction if job creation targets are not met. No explicit renewal options mentioned.
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