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2009-10-26 / Local News

Unnamed company seeks tax break from county

By LARRY HILLIARD Ledger Staff Writer larry@gaffneyledger.com

Just about every day seems to bring more good news for the local economy.

Recent weeks have seen the announcement that Jetline plans to hire 100 workers to operate its Hyatt Street plant as well as the news that Shelby, N.C.-based Nu- Vu Communications has been selected to receive more than $32 million in federal stimulus money to offer high-speed Internet, telephone and television services over fiber optic lines here. That $32 million investment could result in the creation of 60 jobs.

Now the upbeat drumbeat bangs on with the news that an unidentified company soon will be seeking a fee-in-lieu tax break from Cherokee County Council. That could happen as soon as council’s Nov. 2 meeting if the lawyers for both sides complete the necessary paperwork.

The company would locate in an existing manufacturing building and would hire approximately 50 workers, according to sources familiar with the negotiations.

Cherokee County Development Board Executive Director Jim Cook did note that economic activity has increased over recent months but wouldn’t comment specifically on the fee-in-lieu agreement for a new company.

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