Upstate county to vote on incentives for potential expansions [Video]

Spartanburg County Council members are set to vote on tax incentives for two potential multimillion-dollar business expansions in the Upstate. Keurig Dr. Pepper and Benteler Automotive are considering more than $200 million in investments in the county. “Both of those companies have worldwide name recognition, and in particular, most everybody knows Keurig Dr. Pepper,” County Council member David Britt said.Public documents show Keurig Dr. Pepper is considering a more than $150 million expansion to their facility that could create 84 new jobs. However, details are few. Benteler Automotive is looking to invest around $48 million into its facility.”When they pay their property taxes, that’s when they get the incentives,” Britt said. “We are not giving them money up front. We are just lowering the tax rate they are paying.”Britt said that, under South Carolina law, industry is normally taxed at 10.5%. The agreements, called fee in lieu of tax agreements …