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Council approves ethanol company tax break package Cherokee County Council on Monday approved a tax incentive package that clears the way for an ethanol distributor to locate here. The company will locate in a vacant manufacturing facility in Blacksburg and employ six workers. This good economic news comes on the heels of recent plant closings and a local unemployment rate that is nearing 10 percent. The company will pay a 7 percent fee-in-lieu to the county, according to the inducement resolution. The company plans to invest about $15 million. Giagni has been the only company to locate here this year. Giagni, which makes kitchen and bathroom faucets, moved into an existing building on Huntington Drive. |
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