South Carolina Town Receives Land Donation
Posted on Feb 5, 2013 in Innovation/Efficiency, Land Use, Regulation & Policy, Technology | Comments Off on South Carolina Town Receives Land Donation
The town of Bluffton, South Carolina, is offering seven acres of land in its May River Technology Park to attract more private businesses. However, Bluffton did not have to tap into tax revenues to buy this land. It was donated by Palmetto Electric Cooperative and Hargray Communications. In return, these entities will be allowed to forgo state license fees. Bluffton also is expected to receive another $80,000 from other coops. Since 1996, state law has allowed utility companies and electric cooperatives to redirect funds, used for state fees, to local infrastructure projects for municipalities and counties. Bluffton hopes to use this land to attract high-tech businesses and industry. Read more here.
