A local manufacturer is seeking incentives as part of a plan to expand and add jobs.
The company's identity has not been publicly disclosed yet, but “Project Aries” is looking to invest $19.5 million to build a distribution center that would serve its existing plant, according to Charleston County's economic development office.
The 76 new jobs would increase the manufacturer's payroll by $2.25 million, for an average of about $29,600 each.
Charleston County Council reviewed the request for incentives for the first time at its meeting Tuesday night in North Charleston.
The proposal requires council to vote on it at three meetings before it can be approved.
The company's identity will be released before the third vote, which probably will take place in July.
“For competitive and timing reasons, the company prefers to keep its identity confidential as it finalizes its decision,” according to a document filed with the county.
The manufacturer is asking to pay a set fee of $4.8 million over 20 years instead of property taxes. Also it is seeking a credit based on that fee of up to $250,000 that would offset the cost of roadwork or other infrastructure that the expansion would require.
Steve Dykes, the county's economic development director, could not be reached for comment Tuesday.
Separately, Dorchester County Council this week unanimously gave final approval to an incentive deal that will help grease the skids for a $200 million, 90-worker expansion of the Showa Denko Carbon Inc. plant in Ridgeville.
When the deal was announced more than a year ago. the Japanese-owned manufacturer said it would boost its local payroll to about 350 employees.
Showa Denko still is seeking to secure a vital air-quality permit before it can start construction.
The Tokyo-based company plans to boost its annual production capacity in the Lowcountry to 75,000 tons from 45,000 tons by the end of 2013. Hundreds of construction workers will be hired to complete the expansion.
The Showa Denko plant makes large graphite electrodes that are used in steelmaking to melt scrap metal in electric furnaces. Customers include the Nucor Corp. mill on the Cooper River.
Contact John P. McDermott at 937-5572.