A Blog About Tax Savings for Building Owners

Tag: Greenville County

Amazon Spends $12 Million on 104 Acres to Develop a Warehouse in Fountain Inn

Amazon Closed on 104 acres in Fountain Inn, SC.

There has been lots of news of late about Amazon expanding in the Upstate of South Carolina. The Greenville County Council voted to approve the fee in lieu tax incentive to give them a break for the next 10 years as long as they do what they say they are going to do.

It’s expected that the warehouse will employ more than 200 people. The Post & Courier is reporting that Amazon will spend more than $47.5MM on the project. I don’t know if that includes the $12,638,960 to purchase the land.

I happened to be going through some closed sales information and saw that Amazon closed on the 104 acre parcel located just outside the City of Fountain Inn’s city limits. It’s right off of I-385 and Fairview Road Extension. It’s a great location. I’m not sure what the plans are to possibly modify that exit and entrance ramp there but it needs some help. It’s almost like it’s an after thought. I was down there the other day at 4pm and it sure seemed like a great place for possible accidents on the interstate as people try to take that short little exit that is often congested at that time of day.

EnerSys Gigafactory LLC Purchased 321 Acres near Donaldson for $9MM – Plans to Build 500,000 SF Lithium-ion Factory

Image: MLS Tax Suite Powered by CRS

I was going through some recent sales and saw that EnerSys Gigafactory LLC just closed on 321 acres in the Upstate. I found this press release and I’m sure there are several other news storage out there regarding this. The press release says between the state and Greenville County, they got $200MM in incentives to come build here. They plan on a state of the art 500,000 square foot facility that will bring about 500 jobs. Here’s another article about the proposed factory.

South Carolina appears to be a key destination for many of these giant batter facilities as we’ve seen with other deals. The South Carolina Department of Commerce are excellent business deal makers and there are lots of excellent economic development groups in South Carolina that also help.

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