City of Beaufort announces $200K investment tax credit from Hargray

1 min read

At the Beaufort City Council session on Tuesday, Oct. 9, City Manager Bill Prokop announced the award of $200,000 to the City of Beaufort in the form of an investment tax credit from the Hargray Company. 

In a repeat from last year, the city’s request for the investment tax credit has been granted.

“We are excited for the opportunity to further improve our infrastructure in the City of Beaufort Commerce Park,” Prokop said. 

The money will be used to further improve the commerce park. With new tenants Oliver’s Clean Burn up and running in the park and more on the horizon, this award comes at a pivotal time when infrastructure improvements have a high probability of providing a measurable return, Prokop said.

Hargray presented the check to Mayor Billy Keyserling at Tuesday night’s City Council meeting.

“Under the current ownership Hargray has really come to the table,” Keyserling said. “It is wonderful to see this business partner help the city solidify its infrastructure.”

Latest from Blog

LETTERS TO THE EDITOR

Woman’s love of Beaufort redeemed I love Beaufort, because of the people. My daughter and I…