Horry County makes exception, approves incentive package for tech company

CONWAY, SC (WBTW) – Horry County leaders met in executive session Tuesday and afterward, announced a tech company was looking to invest $1.4 million in the county and bring more than 300 jobs to the area.

Usually, for Horry County to give an incentive or tax break to a company, the company would have to invest $2.5 million or more. Tuesday, county leaders voted to make an exception for the new company and give them the incentive package despite the more than $1 million shortfall.

The CEO for Myrtle Beach Regional Economic Development Corporation says right now they can’t give the name of the company.

“We hope to be able to announce the company in the next two to three weeks, still a lot of Ts to cross and Is to dot, and I’m certainly not trying to be secretive to keep it from anybody, but the company also has to let their employees know,” said Josh Kay with the Myrtle Beach Regional Economic Development Corporation.

Kay says the company would be transitioning from its current location, which is not in South Carolina, so communication to current employees of the company is pertinent before any major announcement.

“It’s a company that may be moving their operations from another location to this location, out of state into Horry County, so we want to be cognizant of their operations so that we don’t jeopardize their current employees or their current contracts that they may have,” explains Kay.

Kay says they’ve been working with this company for more than three years and the new jobs would pay between $15 and $22 an hour.