Customer Service: Subscribe Now | Manage your account | Place an Ad | Contact Us | Help
 GreenvilleOnline.comWeatherCalendarJobsCarsHomesApartmentsClassifiedsShoppingDating
 
Past: S M T W T F S
Advertisement

Advertisement

The Greenville News
305 S. Main St.
PO Box 1688
Greenville, SC 29602

(864) 298-4100
(800) 800-5116

Subscription services
(800) 736-7136

Newspaper in Educ.
Community Involvement
Our history
Ethics principles

Send:
A story idea
A press release
A letter to the editor

Find:
A news story
An editor or reporter
An obituary

Photo reprints:
Submit a request

RSS Feeds
Top Stories, Breaking News
Add to My Yahoo!
Local News
Add to My Yahoo!
Business
Add to My Yahoo!
Sports
Add to My Yahoo!
Opinion
Add to My Yahoo!
Entertainment
Add to My Yahoo!

Advertisement
Wednesday, May 31    |    Upstate South Carolina News, Sports and Information

Tax breaks for banks, data firm approved
Sanford expected to sign incentives measure into law

Published: Saturday, May 27, 2006 - 6:00 am


By Tim Smith
CAPITAL BUREAU
tcsmith@greenvillenews.com

COLUMBIA -- The Senate has granted final approval to an incentives package for a prospective computer-related facility in the state as well as incentives to reward South Financial Group for its planned corporate headquarters expansion in Greenville.

The House amended the South Financial bill Thursday to include the financial incentives to help lure an unidentified computer-related company that could provide up to 200 jobs and an investment of $600 million.

The Senate agreed with the House change late Thursday, and the legislation now is headed to Gov. Mark Sanford, who is expected to sign it into law.

The amendment was requested by Gov. Mark Sanford and the state Department of Commerce, lawmakers said.

Advertisement

Sen. David Thomas, a Greenville Republican, said the company isn't looking at any site in Greenville County.

The prospect has been code-named "Project Data" by state officials because it concerns a computer-related business, Thomas said.

The amendment would offer sales tax exemptions, expand the jobs tax credit to include the computer-related firms outlined in the amendment and exempt electricity used by the prospect from the power tax, he said.

South Financial said in March it would build a new headquarters along Interstate 85 in Greenville and add about 600 jobs paying an average of $54,000 a year.


Article tools

 E-mail this story
 Print this story
 Get breaking news, briefings e-mailed to you

Related news from the Web


Sponsored links

 


Advertisement


GannettGANNETT FOUNDATION

Copyright 2005 The Greenville News.
Use of this site signifies your agreement to the Terms of Service and Privacy Policy, updated June 7, 2005.

USA WEEKEND USA TODAY