                                        {"id":1718,"date":"2026-06-16T17:05:19","date_gmt":"2026-06-16T17:05:19","guid":{"rendered":"https:\/\/charlotterelocationguide.com\/?p=1718"},"modified":"2026-06-16T17:05:19","modified_gmt":"2026-06-16T17:05:19","slug":"big-sc-taxpayer-incentives-deal-targets-rock-hill-1200-job-project-what-to-know","status":"publish","type":"post","link":"https:\/\/charlotterelocationguide.com\/?p=1718","title":{"rendered":"Big SC taxpayer incentives deal targets Rock Hill 1,200-job project. What to know"},"content":{"rendered":"<p>A few additional details came out Monday, June 15, on a <a href=\"https:\/\/www.heraldonline.com\/news\/business\/article316131247.html\" rel=\"Follow\" target=\"_blank\">$1.5 billion pharmaceutical project<\/a> set to bring more than 1,200 jobs to Rock Hill, including when the manufacturing company behind it will be named.<\/p>\n<p>Read more <a href=\"https:\/\/charlotterelocationguide.com\/?p=1716\">Woman Dies on Bachelorette Trip for NBA Star Tyrese Haliburton\u2019s Fiancee<\/a><\/p>\n<p>Company representatives will attend a public York County Council meeting June 29 to share details. A public hearing also will allow people to offer their thoughts before council makes a final decision this summer.<\/p>\n<p>Known for now as Project Palmetto Rock, the corporate headquarters and manufacturing site is planned for a 50-acre piece <a href=\"https:\/\/palmettoresearchpark.com\/\" rel=\"Follow\" target=\"_blank\">Palmetto Research Park<\/a>. That\u2019s the more than 200-acre former <a href=\"https:\/\/www.heraldonline.com\/sports\/nfl\/carolina-panthers\/article259649850.html\" rel=\"Follow\" target=\"_blank\">Carolina Panthers headquarters and training site<\/a> off Interstate 77, at Exit 81.<\/p>\n<p>The Panthers began construction there before <a href=\"https:\/\/www.heraldonline.com\/sports\/nfl\/carolina-panthers\/article260544027.html\" rel=\"Follow\" target=\"_blank\">abandoning the project four years ago<\/a> amid a dispute with the city about public funding obligations.<\/p>\n<p>Now, Rock Hill owns the research park, but already has two large companies set to buy pieces of it for redevelopment. Along with Project Palmetto Rock, Novant Health is buying 25 acres to build a <a href=\"https:\/\/www.heraldonline.com\/news\/business\/article316048634.html\" rel=\"Follow\" target=\"_blank\">$300 million medical campus<\/a>.<\/p>\n<p>Here\u2019s a look at more information on Project Palmetto Rock:<\/p>\n<p>County Council passed the first of three votes needed to set up an incentive deal for the company on Monday. The second vote, and a public hearing, will come at a special called meeting on June 29.<\/p>\n<p>\u201cYou\u2019ll hear directly from the company about their plans for this project, the proposal,\u201d Miller said. \u201cAnd that will include them identifying who they are as a company and sharing their name.\u201d<\/p>\n<p>An agenda hasn\u2019t been posted for the June 29 meeting. It\u2019ll likely be held in Council Chambers at 6 S. Congress St. in York. A final county decision is expected in July.<\/p>\n<p>The standard tax rate for commercial or industrial projects in South Carolina is 10.5%. The fee in place of taxes would cut that assessment rate to 4% for 40 years, Miller said.<\/p>\n<p>There would also be special source revenue credits, or reimbursements to the company from that fee. Miller didn\u2019t give an amount for those credits on Monday and Council hasn\u2019t published them.<\/p>\n<p>Money that comes in from the fee works like it would if it were tax revenue. The standard breakdown is the local school district (in this case the Rock Hill School District) gets 62%, the city gets 24% and the county gets 14%, said Councilman Watts Huckabee.<\/p>\n<p>Project Palmetto Rock is expected to generate $362 million in public fee revenue for those groups over the life of the deal, Miller said.<\/p>\n<p>Several Council members had already taken calls or seen online posts about York County giving away $65 million of its tax revenue to entice the company to locate here.<\/p>\n<p>York County voted Monday to approve $65 million, but that was for a state incentive grant. The county operates essentially as a pass-through for the state money. There\u2019s no local match required.<\/p>\n<p>\u201cYork County is not giving away $65 million,\u201d Miller said. \u201cThe state believes in the project enough that they want to put a competitive offer to make sure that they secure this investment.\u201d<\/p>\n<p>Corporate offices and life science manufacturing are the top two priorities in state economic development recruiting, he said, and this project checks both boxes.<\/p>\n<p>Two projects that got county incentive deals have since prompted environmental and public safety concerns among neighbors. Protests have become routine at Council meetings related to <a href=\"https:\/\/www.heraldonline.com\/news\/business\/article315070694.html\" rel=\"Follow\" target=\"_blank\">solar panel manufacturer Silfab Solar<\/a> and <a href=\"https:\/\/www.heraldonline.com\/news\/business\/article315909645.html\" rel=\"Follow\" target=\"_blank\">data center company QTS Data Centers<\/a>.<\/p>\n<p>At the Silfab site in Fort Mill, the most common complaints involve the use of industrial chemicals beside an elementary school and near homes. At the QTS site in Lake Wylie, neighbors fear a water and power drain.<\/p>\n<p>\u201cI\u2019m not aware of any hazardous chemicals they may be using or are going to use in their process,\u201d Miller said of Project Palmetto Rock. \u201cI definitely think that it\u2019s a much different process than what\u2019s being done at Silfab.\u201d<\/p>\n<p>He will defer to the company for details at the June 29 meeting, and will ask it to prepare information to share on what chemicals they use.<\/p>\n<p>Unlike at Silfab, Project Palmetto Rock is right off Interstate 77 in an area zoned for manufacturing. It\u2019s surrounded on multiple sides by industrial parks. The city and county have talked for years now about putting life sciences projects there.<\/p>\n<p>Read more <a href=\"https:\/\/charlotterelocationguide.com\/?p=1714\">Firemen spot alligator at 3:30 am. It tries hiding behind tree, NC video shows<\/a><\/p>\n<p>Miller doesn\u2019t anticipate problems related to the medical component of the new company. \u201cThis is not going to be a facility that houses diseases, viruses, things along those lines,\u201d he said. \u201cThis is going to be manufacturing products \u2014 lifesaving products.\u201d<\/p>\n<p>South Carolina tax law puts higher costs on businesses, particularly for school operations funding, than on homes. That\u2019s why the industrial tax rate is 10.5% here but 4%-6% in North Carolina. Fees in place of taxes are designed to level the playing field when attracting companies.<\/p>\n<p>\u201cWe have to be competitive with our neighbors,\u201d Miller said. \u201cBecause if they\u2019re looking in South Carolina, there\u2019s a really strong chance they\u2019re going to be looking in Georgia, North Carolina, Virginia, beyond.\u201d<\/p>\n<p>Fee agreements shouldn\u2019t be approved, or they should be options for all businesses, said Councilman Andy Litten. But counties are stuck with them, he said, until state law changes. It isn\u2019t realistic to expect large companies to come to South Carolina without incentives, several Council members said.<\/p>\n<p>\u201cWe wouldn\u2019t get a second look,\u201d said Councilman William \u201cBump\u201d Roddey.<\/p>\n<p>Also, the investment and job projections for companies are tied to the incentives. So tax deals are a way to make sure companies deliver what they promise, or risk losing money.<\/p>\n<p>State economic development teams typically recruit large projects with nondisclosure agreements. The state generates a project name and passes information to counties to begin tax incentive and other approvals.<\/p>\n<p>\u201cProject names are part of this process,\u201d Miller said. \u201cThe best way that I can relate it is that none of you all are going to announce a job change before you actually sign a contract and formalize a deal. Same thing with a company looking to make a decision of where they\u2019re going to put their investment.\u201d<\/p>\n<p>The tradeoff to the secrecy, like with the economic incentives, is the type of impact a large company can have on a community when it comes.<\/p>\n<p>An independent economic analysis on Project Palmetto Rock found it would support more than 2,200 jobs beyond its own projection of more than 1,200 jobs, Miller said.<\/p>\n<p>From construction of the manufacturing site to companies that will do business with Project Palmetto Rock, it can have a lasting impact on area jobs. Then there\u2019s the high wages at Project Palmetto Rock itself, compared to lower wages economic development teams might find if they couldn\u2019t use incentive deals.<\/p>\n<p>\u201cIt\u2019s hard at a time like right now for someone to survive off of $13, $15, $16 per hour,\u201d Miller said. \u201cThese jobs are significant, and it\u2019s going to provide opportunity for really not just this generation, but future generations.\u201d<\/p>\n<p>While there\u2019s a case for incentive deals, there\u2019s been public backlash on projects like Silfab and QTS, too.<\/p>\n<p>\u201cWe are going to do this very differently from what we\u2019ve done in the past,\u201d Miller said.<\/p>\n<p>Incentive deals take three votes. Historically, companies haven\u2019t been named until the final vote, or even after it. So the required public hearing happened without much time, if any, for people to learn about the companies in advance.<\/p>\n<p>Because of public outcry in recent months, Miller\u2019s team has begun giving more information early in the process. That\u2019s why the company hasn\u2019t been named for Project Palmetto Rock, but details are on record for what type of business it is, projected investment and job count, location and related details.<\/p>\n<p>There\u2019s also a push with recent projects to get the name of the company out sooner.<\/p>\n<p>That\u2019s what happened with a <a href=\"https:\/\/www.heraldonline.com\/news\/business\/article312967736.html\" rel=\"Follow\" target=\"_blank\">Costco site in Rock Hill<\/a>, when a company official joined Miller in November to details plans for a $240 million distribution facility ahead of two Council votes needed to approve it.<\/p>\n<p>Once projects are approved by Council, there\u2019s typically little the public can do to stop or change plans. That\u2019s even more the case once projects are under construction. The new model of presenting projects aims to give more people an opportunity to vet deals, and Council more information to make its decisions.<\/p>\n<p>\u201cHopefully those who have concerns will come now,\u201d Roddey said, \u201cversus two years down the road when they\u2019re building.\u201d<\/p>\n<p class=\"summary gray\">This story was originally published <span class=\"inline-block\">June 16, 2026 at 12:58 PM<!-- --><\/span><span> with the headline <a class=\"origin-link\" href=\"https:\/\/www.heraldonline.com\/news\/business\/article316146465.html\"> &#8220;Big SC taxpayer incentives deal targets Rock Hill 1,200-job project. What to know.&#8221; <\/a><\/span><\/p>\n<p>Read more <a href=\"https:\/\/charlotterelocationguide.com\/?p=1712\">Canes Stanley Cup parade 2026: See timing, Raleigh route details &amp; map<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn when the company behind Rock Hill 1,200 jobs Project Palmetto Rock will be named and what else is next for $1.5 billion site. Public hearings on June 29.<\/p>\n","protected":false},"author":1,"featured_media":1717,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Big SC taxpayer incentives deal targets Rock Hill 1,200-job project. 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