Jun 06, 2023 | Posted by Abdul-Rahman Oladimeji
South Carolina is planning a $1 billion data center development. This week, the York County Council will discuss and vote on tax incentives for a data center proposal in the county. York County is located in northeast South Carolina, toward the east of Greenville and Spartanburg, and adjacent to Charlotte, North Carolina, just across the state line.
The council will deliberate tax exemptions for "Project Cobra." The agreement stipulates that the unnamed company will pay a fee in place of taxation for an intended data center in the county. Per the proposed agreement, the company behind the initiative plans to acquire, construct, and install buildings, land, advancements fixtures, apparatus, equipment, furnishings, and other tangible or physical assets comprising a new data center facility in the County.
The company plans to invest $1 billion in the initiative, creating 12 new jobs once operational. Location and details were not provided. Last year, the York County Council proposed Project Cobra for the economic development of county-owned property in Lake Wylie. However, it is unclear whether these initiatives are related. The county would sell 173 acres at 2157 Handsmill Highway for $4.3 million under this agreement. The magnitude of the expenditure suggests that the developer is hyperscale.
