FLORENCE, SC (WMBF) Florence leaders met Monday to approve an incentive program aimed at bringing multi-million economic impact to the Pee Dee.
Project Morgan is the code name for the project. Its $30 million boost would affect the Florence area in a big way.
Council members approved the $600K-plus package to get Project Morgan to downtown Florence.
Florence Mayor Stephen Wukela says half of the incentive money is being used to help secure the company's location of choice, the Bo Smith building.
Leaders remain tight-lipped about details; however, half of the incentive package, will assist in the company moving into the building.
"Project Morgan" is slated to move into the building located at the intersection of Irby and Evan streets. The art trail gallery, currently housed there, will be moved to a different location.
“Private investment downtown has been our next step and that has been taking off significantly as you can tell. We want private investment not only because that makes downtown self-sufficient, but also it brings those tax dollars specifically to the TIF district that allows to fund public improvements,” Wukela said.
The company is promising to bring 60 new service industry jobs.