York County’s economic development agency has another $800,000 to attract more business to the county, thanks to the loss of the county’s minor-league baseball team.
The York County Council voted this week to place money from the sale of the former Knights Stadium in Fort Mill into a special “product development” fund for the York County Economic Development Board.
The vote Monday puts $833,542 into the new fund. That money will go toward a market study to identify “high potential property” around the county and how best York County can develop them for future investment. The fund will also pay for speculative or “spec” buildings the Economic Development Board can offer for new industries to use.
Other tasks that fall under “product development” include infrastructure improvements and the purchase of new property for new industrial and office parks.
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David Swenson, the county’s economic development director, said the fund is a necessary “first step” in attracting new economic prospects to York County.
“We know what our competition is doing, and once we have the funds we can leverage that,” Swenson said.
The proposal was approved by the council 6-1. Councilwoman Christi Cox voted against the proposal.
Bristow Marchant • 803-329-4062