International Paper SC mill to get 10 more years of tax breaks. It’s not alone.

International Paper's South Carolina mills are in Georgetown (above) on the coast and Eastover in the Midlands. File

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COLUMBIA — International Paper came to Eastover in 1999 when it bought out industry competitor Union Camp for $5 billion and inherited its property. With 700 workers, the paper mill alone could employ almost everyone living in the small Midlands town. 

Hoping to maintain the company’s presence, Richland County recently extended an agreement to the paper maker, that would give it another decade worth of tax breaks, as well as a new 40-year agreement, in exchange for $175 million worth of equipment investments.

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Source: The Post and Courier

 

 

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