New company gets tax break

By LARRY HILLIARDLedger Staff Writerlarry@gaffneyledger.com

Boysen, a German auto exhaust maker, received financial help from Cherokee County Council on Monday.

Council unanimously approved first reading of a fee-in-lieu agreement that will reduce the company’s tax bill by 25 percent.

Boysen has leased the second spec building in the Cherokee Corporate Park.

The company must employ at least 60 workers within the next year to receive the hefty tax break, Cherokee County Development Board Executive Director Jim Inman said.

Under the county’s fee-inlieu policy adopted in 1996, the company wouldn’t qualify for the tax break with its $10 million investment.

But Inman cited the company’s high wages — $14 to $16 an hour — as the reason the county agreed to the tax incentive.