Thursday, October 30, 2008

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Company plans to add 160 jobs

Charleston County officials are set today to give initial approval to an inducement agreement for an existing manufacturer that plans to invest $55 million and create 160 new jobs in North Charleston. The unidentified business, referred to as "Project Bluewater," is expected to add $6.84 million to its annual payroll and pay $4.5 million in fees instead of property taxes over 20 years, said Charleston County Economic Development Director Steve Dykes.

Company plans to add 160 jobs

Charleston County officials are set today to give initial approval to an inducement agreement for an existing manufacturer that plans to invest $55 million and create 160 new jobs in North Charleston. The unidentified business, referred to as "Project Bluewater," is expected to add $6.84 million to its annual payroll and pay $4.5 million in fees instead of property taxes over 20 years, said Charleston County Economic Development Director Steve Dykes.

Factory orders are up unexpectedly

ATD co-founder in fertilizer venture

A local startup company that is the North American distributor for a line of environmentally sensitive fertilizers said Wednesday that it has closed its first round of funding and has started operations.

How low will interest rates go?

WASHINGTON â€" Just how far will the Federal Reserve go in lowering interest rates to save the country from a long and painful recession? Ratcheting its key rate from the current 1 percent all the way down to zero can't be ruled out. But there are risks in taking such an unprecedented step â€" namely, that it wouldn't work in turning around the economy and breaking through a stubborn credit clog.










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