House Means and Ways Committee meets to discuss building in Blythewood
RICHLAND COUNTY, S.C. (WIS) - The House and Ways Committee is meeting today on how and where the state will get the $1.3 billion to entice Scout Motors to build in Blythewood.
S.C. used $1.2B incentives package to bring Scout Motors to Blythewood
The meeting started at 9:30 a.m. this morning, you can watch by clicking here. You also can view the agenda here.
Rep. Bruce Bannister said HB4088 is a ‘grand slam.’
Bannister said the $1.29 billion project will allocate $650 to I-77 improvements, road and water infrastructure. A $400 million grant will be used to build roads and other improvements at the construction site.
An additional $16 million will be used to connect to rail lines. A $25 million investment will go towards construction of a facility by Midlands Technical College for workforce training.
A $200 million loan is part of the project, Bannister said it will go towards soil stabilization. This will be repaid by Scout Motors with a 5% interest rate.
Bannister said the money is coming from $2.4 billion in certified BEA non-recurring funds.
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