Areas Served: Must be located within a specifically identified and designated area as determined by the City
The City of Anderson, South Carolina has established an economic development program that recognizes the benefits and economic impact of new investment will contribute to the health and stability of the City and in furtherance of the various adopted goals and plans of the City.
The incentive is a tool to encourage private capital investment and reinvestment in Downtown which geographical area is defined as the Tax Increment Financing District (TIF).
Purpose The purpose of the Economic Development Incentive Program is to allow public support of economic projects to foster, promote, and enhance local economic development efforts.
The purpose of the ordinance is to allow the City of Anderson to enter into an agreement with a person, firm or corporation who/that undertake/s a development project consistent with the City’s adopted master plans and/or redevelopment plans.
Incentive – Incentive shall be defined as a grant of any inducement having monetary value by the City of Anderson that is offered to a person, firm, or corporation to pursue a development that encourages private investment and/or the creation/retention of jobs.
The incentive may also include grants from other public entities that the City of Anderson may be able to obtain.
General Guidelines – Must be consistent with an adopted City of Anderson Master Plan and/or Redevelopment Plan.
– Must have a minimum threshold investment which may be comprised of a combination of physical improvements and acquisition costs; such threshold investment may be comprised of a single real property investment or a cumulative investment.
– Must be for one or more of the following: (1)Retail uses as identified in the most current Retail Market Power Database provided by Claritas (2) Tourism related business or activity (3) Cultural arts activities and associated businesses (4) Corporate headquarters (5) Research and development (6) High technology growth business (7) Other uses as may be determined the City of Anderson which meet the intent of the ordinance and as are identified more specifically according to the adopted master plans and/or redevelopment plans.
Contact InformationCity of Anderson
Address: 401 South Main
City: Anderson
State: South Carolina
Website:
http://www.downtownanderson.com/incentives.shtml
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