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Colleton County Awards Financial Services Contract to Banks Construction Company (August 2025)

Colleton County logoColleton County
Approved
Aug 12, 2025

The 30-second brief

What it covers

Colleton County Council approved Ordinance 25-O-07 authorizing a Fee in Lieu of Tax and Special Source Credit Agreement with Banks Construction Company for a new industrial facility. The arrangement allows the company to make payments in lieu of taxes and receive infrastructure credits in connection with an investment of about $10 million and 20 new jobs.

Who holds it

Banks Construction Company holds this financial services contract with Colleton County. Its other public contracts on record include work for Town of Mount Pleasant and Hampton County.

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Contract details

Contract type
Financial Services
Document date
August 12, 2025
Vendor
Banks Construction Company
Agency
Colleton County
Source document
colleton-county-council-regular-meeting-agenda-august-12-2025_f3c.pdf (Agenda)

Banks Construction Company's other public contracts

Town of Mount Pleasant, South CarolinaBanks Construction Wins Shem Creek Dredging Contract · Oct 5, 2026$1.2MHampton County, South CarolinaBanks Construction property added to joint industrial park · Sep 15, 2025UndisclosedColleton County, South CarolinaCouncil OKs FILOT Agreement With Banks Construction · Aug 12, 2025UndisclosedColleton County, South CarolinaCounty Advances FILOT Agreement With Banks Construction · Jul 8, 2025UndisclosedTown of Kiawah Island, South CarolinaBanks Construction Wins Kiawah Parkway Improvement Contract · Mar 3, 2020All Banks Construction Company contractsVendor profile

More Colleton County contracts

Tischler BiseImpact Fee Study Contract Awarded to Tischler Bise · Apr 6, 2026UndisclosedVance ConsultingCounty Plans Ordinance Review Agreement With Vance Consulting · Apr 6, 2026UndisclosedTischler BiseImpact Fee Study Contract to Tischler Bise · Apr 4, 2026UndisclosedTown of SmoaksContract Awarded for Johnsville/Smoaks Community Center Project · Mar 2, 2026UndisclosedMauldin & Jenkins LLC2025 Audit Report Presented by Mauldin & Jenkins LLC · Jan 5, 2026UndisclosedAll Colleton County activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Colleton County?

Banks Construction Company was awarded this financial services contract by Colleton County, as recorded on August 12, 2025.

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 colleton-county-council-regular-meeting-agenda-august-12-2025_f3c.pdf (Agenda), dated August 12, 2025 from Colleton County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Banks Construction Company hold?

Banks Construction Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Colleton County currently buying?

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

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