A new industry will bring capital investment and jobs to Union County.
The company, code-named “Project Tiger,” plans to purchase the former ESAB building in the Midway Green Industrial Park for $3.3 million and create 65 jobs, according to Dolton Williams, executive director of the Union County Development Board.
Last week, Union County Council approved second reading of an ordinance approving the sale of the ESAB property to Project Tiger. Council also approved an inducement resolution authorizing a fee-in-lieu of taxes agreement with Project Tiger and first reading of the FILOT agreement.
State incentives are also part of the package, based on job creation and capital investment over a five-year period, Williams said.
The ESAB building was originally purchased from Milliken & Co. by the county and the City of Union and leased to ESAB for five years, county supervisor Frank Hart said. The city and county were fully reimbursed for the purchase of the building , he said.
ESAB had the option to purchase the building for $1 at the end of the term but declined to exercise it so the county took possession of it.
By Graham Williams, Staff Reporter with The Union County News