The Client:
Captain Retail

The Location:
Homeward, South Carolina

Average Annual Sales (per store):
$35 million

Employees:
140 new full-time
50 new part-time

Incentive Package:
Property Tax Abatement

Incentive Dollars:
$2 million

The Situation:
A leading retail industry wanted to expand into South Carolina. The site development budget was $13 million.

Approach:
TCM worked with city and county council to offset the property tax for 10 years. The schedule allowed the client to pay 10% of all owed property tax during that 10-year period while the business established and grew within the community.

Results:
Total savings to the client was $2 million. This savings improved the ROI on the project and insured the development for the local community.